Slide 1: STRABAG SE January–June 2018 Results
STRABAG SE JANUARY–JUNE 2018 RESULTS 31 AUGUST 2018
Slide 2: Disclaimer
DISCLAIMER This presentation is made by STRABAG SE (the "Company") solely for This presentation contains forward-looking statements relating to the use at investor meetings and is furnished to you solely for your business, financial performance and results of the Company and/or the information. indu
Slide 3: Output volume rose by 10 %
OUTPUT VOLUME ROSE BY 10 % OUTPUT VOLUME (€M) 20,000 ● Driven especially by Germany, Austria and Poland 14,621 10% 6,875 6,254 ,0 6M/18 6M/17 2017 ORDER BACKLOG (€M) 15% 20,000 20,000 18,874 ● Another record high 16,473 16,592 ● Large orders from the group’s largest markets, e.g. Hungary, Germany an
Slide 4: EBIT already in positive territory after six months
EBIT ALREADY IN POSITIVE TERRITORY AFTER SIX MONTHS EBITDA (€M) 1,000 835 ● Growth in EBITDA of 33 % after six months and 24 % in Q2/18 33% 200 151 -,100 6M/18 6M/17 2017 EBIT (€M) 500 448 ● Depreciation and amortisation decreased by 2% ● Improvement in EBIT derives from segments North + West and In
Slide 5: Net income after minorities nearly balanced
NET INCOME AFTER MINORITIES NEARLY BALANCED NET INCOME AFTER MINORITIES (€M) EARNINGS PER SHARE (€) 300 ,… 3 2.72 99% 99% -1 -0.01 -0.51 -53 -100 -1 6M/18 6M/17 2017 6M/18 6M/17 2017 ● Net interest income at € -7 million after € -29 million in 6M/17, when negative internal exchange rate differences
Slide 6: High equity ratio and net cash position
HIGH EQUITY RATIO AND NET CASH POSITION ASSETS1 EQUITY AND LIABILITIES1 (€m) 6M/18 2017 (€m) 6M/18 2017 Intangible assets 494 499 Share capital 110 110 PP&E & investment property 2,029 1,942 Capital reserves 2,315 2,315 Associated companies 352 350 Retained earnings 835 945 Other financial assets 19
Slide 7: Cash flow from operating activities improved, higher investments
CASH FLOW FROM OPERATING ACTIVITIES IMPROVED, HIGHER INVESTMENTS (€m) 6M/18 ∆% 6M/17 Cash – beginning of period 2,790 40 1,998 Cash flow from earnings 148 92 77 ∆ Working Capital -295 6 -278 Cash flow from operating activities -147 27 -201 Cash flow from investing activities -277 -91 -145 Cash flow
Slide 8: North + West: seasonally usual negative EBIT contained significantly
NORTH + WEST: SEASONALLY USUAL NEGATIVE EBIT CONTAINED SIGNIFICANTLY KEY INDICATORS COMMENTS (€m) 6M/18 Δ% 6M/17 ● Output volume increased by 17% Output volume 3,259 17 2,783 ● Seasonally usual negative EBIT contained by 64%; reflected good economic activity in the German TI segment Revenue 2,970 14
Slide 9: South + East experiences intensified competition in CEE
SOUTH + EAST EXPERIENCES INTENSIFIED COMPETITION IN CEE KEY INDICATORS COMMENTS (€m) 6M/18 Δ% 6M/17 ● Output volume climbs by 6% thanks to Austria, Output volume 1,916 6 1,810 Croatia and Hungary Revenue 1,824 5 1,730 ● EBIT has not yet entered the profit zone after Order backlog 4,917 19 4,148 6M/1
Slide 10: International + Special Divisions reports positive EBIT
INTERNATIONAL + SPECIAL DIVISIONS REPORTS POSITIVE EBIT KEY INDICATORS COMMENTS (€m) 6M/18 Δ% 6M/17 ● Output volume up by 4% due to the work on large projects in the Americas Output volume 1,653 4 1,589 ● Sale of real estate developments and the absence of Revenue 1,503 15 1,302 burden from large in
Slide 11: Outlook 2018
OUTLOOK 2018 ● Output volume 2018 of at least € 15.0 billion forecasted (≥3%) Previous target: around € 15 billion 2017: € 14.6 billion ● EBIT margin (EBIT/revenue) 2018 still expected at ≥ 3% 11 6M/2018, August 2018
Slide 12: STRABAG SE January–June 2018 Results
STRABAG SE JANUARY–JUNE 2018 RESULTS 31 AUGUST 2018