Slide 1: STRABAG SE | FY 2022 Results
STRABAG SE | FY 2022 RESULTS ORK ON OGRE We will be climate neutral by 2040. Let’s shake on it! STRABAG WORK ON PROGRESS
Slide 2: Work On Progress: innovative and sustainable construction
If you’re looking for innovative answers to tomorrow’s challenges, you’ve got to ask the right questions today. We want to continue to set the pace for the whole industry by becoming not only the most innovative but also the most sustainable construction company in Europe. This is what we mean by Wo
Slide 3: Disclaimer
Disclaimer This presentation is made by STRABAG SE (the "Company") solely for use at This presentation contains forward-looking statements relating to the investor meetings and is furnished to you solely for your information. business, financial performance and results of the Company and/or the indu
Slide 4: Today's speaker
Today‘s speaker Klemens Haselsteiner CEO STRABAG SE
Slide 5: 1 | Highlights
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Slide 6: STRABAG SE achieves second-best result in its history
FY 2022 | Executive summary STRABAG SE achieves second-best result in its history Excellent performance in 2022 despite softening market dynamics New record output of € 17.7 bn significantly above pre-crisis level and previous record in 2019 Continued high order backlog 6% year-on-year increase – in
Slide 7: STRABAG copes well with challenging environment
FY 2022 | Market environment STRABAG copes well with challenging environment Inflation Interest rates Geopolitical tensions STRABAG response STRABAG response STRABAG response • Adjustment of pricing models • Further diversification of business model • Winding-up all activities in Russia − by segment
Slide 8: Strategy of vertical integration pays off
FY 2022 | Market environment Strategy of vertical integration pays off Own coverage of material needs STRABAG facilities1 Own dense construction materials network 88% 86% Asphalt mixing plants 277 • Secures availability – especially in times of constrained supply chains Asphalt Cement Concrete mixin
Slide 9: Higher order intake in 2022
FY 2022 | Key order intakes Higher order intake in 2022 Headquarters Grünblick Volksbank Upgrading residential Raiffeisenbank Berlin-Köpenick project Bayern Mitte rail station Vienna Ingolstadt Germany Austria Germany € 154 mn € 110 mn € 70 mn 2022-2027 2022-2025 2022-2024 Tunneling Construction Mod
Slide 10: Good traction in sustainability management
FY 2022 | Sustainability Good traction in sustainability management Ambitious goals Governance structure ESG ratings & frameworks • Sustainability firmly integrated in • First-time participation with CDP, Climate-neutral organisation and corporate strategy Sustainalytics and EcoVadis; yet already 20
Slide 11: 2 | Financial Review 2022
2 | Financial Review 2022
Slide 12: New record for output volume
FY 2022 | Results New record for output volume Output volume (€ mn) Output volume by region (€ mn) New record for output volume +10% 6 • Pre-crisis level surpassed 7 16,129 17,735 Germany • Increase across all operating segments 15,447 23 47 Austria • Largest increase in Germany, Austria, CEE United
Slide 13: EBIT margin fully in line with target
FY 2022 | Results EBIT margin fully in line with target EBIT (€ mn) and EBIT margin (%) Sustainable profit growth… CAGR +12% EBIT in 2013-22 • EBIT margin 2022 at 4.2% 896 • Fully in line with target: 706 603 631 ≥ 4% from 2022 onwards 558 425 448 341 5.9 • Exceptionally high level in 2021 – 262 282
Slide 14: STRABAG SE with second-best result in its history
FY 2022 | Results STRABAG SE with second-best result in its history Net income after minorities Earnings per share (€) (€ mn) & margin (% of revenue) -19% -19% 586 5.71 472 4.60 • The net income after 395 • Net interest income was 3.85 minorities – due to the positive compared to the exceptionally p
Slide 15: Excellent financial strength maintained
FY 2022 | Results Excellent financial strength maintained Net debt (+) / Net cash (-) in (€ mn) Stable net cash position • Substantially increased since 2013 • High advance payments in the past -74 • Working capital expected to increase – -249 -449 due to rising interest rates -1,094 -1,218 -1,144 -
Slide 16: Cash and cash equivalents of € 2.7 bn
FY 2022 | Results Cash and cash equivalents of € 2.7 bn (€ mn) 2022 2021 Δ% Cash – beginning of period 2,963 2,857 4 Cash flow from earnings 1,085 1,216 -11 ∆ Working Capital -272 5 n.m. Cash flow from operating activities 813 1.221 -33 Cash flow from investing activities -560 -378 -48 Cash flow fro
Slide 17: 3 | Operational Review 2022
3 | Operational Review 2022 17 Investor Conference - Zürs 2023
Slide 18: Our business spans the entire construction value chain
FY 2022 | Operating segments Our business spans the entire construction value chain 8,691 6.1 Share of Output volume (€ mn) EBIT margin (%) Germany, Poland, Benelux, North + West total output 49 Scandinavia, volume (%) 11,842 25,693 Ground engineering Order backlog (€ mn) Employees (FTE) Regions/Are
Slide 19: North + West: High EBIT margin maintained
FY 2022 | Operating segments North + West: High EBIT margin maintained Key Indikators Performance 2022 (€ mn) 2022 2021 Δ% • Output volume +10% above prior year Output volume 8,691 7,902 10 • EBIT grew by 11%, maintaining the very good EBIT margin of 6.1%, earnings improvements were seen in the Germ
Slide 20: South + East: Order backlog above Group average
FY 2022 | Operating segments South + East: Order backlog above Group average Key Indikators Performance 2022 (€ mn) 2022 2021 Δ% • Output volume increased significantly by 11% in 2022 Output volume 5,462 4,930 11 • Due to provisions and as a result of strong cost inflation in Southern and Eastern Eu
Slide 21: International + Special Divisions: Fluctuations in project business
FY 2022 | Operating segments International + Special Divisions: Fluctuations in project business Key Indikators Performance 2022 (€ mn) 2022 2021 Δ% • Output volume (+9% vs. 2021), mainly attributable to the ongoing fulfilment of orders in United Kingdom, Chile and the Middle East Output volume 3,44
Slide 22: 4 | Share & Outlook 2023
STRABAG WORK ON PROGRESS
Slide 23: The STRABAG share
STRABAG SE The STRABAG share Stable shareholder structure1 Developments following Russia’s invasion of Ukraine • Mar. 2022: Core shareholder Haselsteiner family foundation terminates syndicate agreement – 29.5% UNIQA/Raiffeisen with UNIQA Group, Raiffeisen Group and MKAO “Rasperia Trading Limited” –
Slide 24: Stable guidance in challenging times
Outlook 2023 Stable guidance in challenging times Output volume of € 17.9 bn despite interest rate turnaround EBIT margin of ≥ 4% fully in line with target to generate ≥ 4% from 2022 onwards Net investments of ≤ € 600 mn Cash flow from investing activities 24
Slide 25: Financial calendar & IR contact
STRABAG SE Financial calendar & IR contact Financial calendar 2023 IR contact Date Event Marco Reiter Head of Investor Relations Fri, 17 February 2023 FY 2022 figures: output volume, order backlog, +43 1 22422-1089 employees and outlook 2023 marco.reiter@strabag.com Thu, 27 April 2023 Annual Report
Slide 26: 5 | Annex
5 | Annex
Slide 27: We strive for climate neutrality along the value chain until 2040
Annex We strive for climate neutrality along the value chain until 2040 Ambitious sub-goals A clear strategy in place to achieve our targets CO2 EMISSIONS MATERIALS & WASTE Climate-neutral 2025 administration • Energy efficiency • Development and use of recyclable products • Substitution of fossil f
Slide 28: Flexible business model proves its worth in volatile times
Annex Flexible business model proves its worth in volatile times Diversified portfolio balances Subcontracting mix (%) Portfolio mix (%) cyclical/project-driven nature 5 1 Transportation of construction 7 Infrastructure 9 Building Construction & • Diversified business model Building Cons. 41 Civil E
Slide 29: Key figures of STRABAG SE
Annex Key figures of STRABAG SE (€ mn) 2022 2021 Δ% Output volume Order backlog Contribution by region Output volume 17,735 16,129 10 Germany 47% 47% Revenue 17,026 15,299 11 EBITDA 1,257 1,446 -13 Austria 17% 13% EBIT 706 896 -21 CEE 23% 21% EBIT margin (% of revenue) 4.2 5.9 Rest of Europe 7% 13%
Slide 30: Consolidated statement of profit or loss (excerpt)
Annex Consolidated statement of profit or loss (excerpt) (€ mn) 2022 2021 Δ% Output volume 17,735.47 16,128.92 10 Revenue 17,025.85 15,298,54 11 Changes in inventories/own work capitalised 11.01 -109.81 n.m. Other operating income 236.76 211.26 12 Construction materials, consumables and services use
Slide 31: Consolidated statement of financial position
Annex Consolidated statement of financial position Assets Equity and liabilities (€ mn) 2022 2021 (€ mn) 2022 2021 Intangible assets 467 476 Share capital 103 103 Rights from concession arrangements 473 493 Capital reserves 2,086 2,086 Retained earnings and other reserves 1,814 1,859 Property, plant