Slide 1: STRABAG SE | 6M 2024 Results
STRABAG SE | 6M 2024 RESULTS A CONSTRUCTION SITE IS NO PLAYGROUND. EXCEPT FORIDEAS. Challenges are overcome with inventiveness and imagination. As shown by our more than 250 innovative projects. STRABAG WORK ON PROGRESS
Slide 2: 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 3: Today's speaker
Today‘s speaker Klemens Haselsteiner CEO STRABAG SE
Slide 4: 1 | Highlights 6M 2024
1 | Highlights 6M 2024
Slide 5: Executive summary: Record order backlog provides good visibility towards 2026
6M 2024 | Executive summary Record order backlog already provides good visibility towards 2026 Output volume slightly up € 8.3 bn Growth in key core markets vs. decline in Austria +1% vs. 6M 2023 New record order backlog € 25.2 bn Successful project acquisitions in the first half of 2024 +7% vs. 31.
Slide 6: Mixed trends in underlying markets
6M 2024 | Executive summary Mixed trends in underlying markets Infrastructure Building construction Public vs. private customers • Positive trends in transportation • No trend reversal in residential • Shift from private to public infrastructures and civil construction visible yet customers has cont
Slide 7: Landmark projects acquired in the first six months of 2024
6M 2024 | Order intake Landmark projects acquired in the first six months of 2024 Reconstruction Shipping lock and extension of Construction of replacement F.D. Roosevelt rapid transit line Kriegenbrunn University Hospital Toronto Erlangen Canada Germany Banská Bystrica Slovakia ~ € 175 mn ~ € 450 m
Slide 8: 2 | Financial Review 6M 2024
2 | Financial Review 6M 2024
Slide 9: Solid level of output, order backlog at record high
6M 2024 | Results Solid level of output, order backlog at record high Output volume (€ mn) Output volume by region (%) Slight output growth • Growth in key core markets +1% 5 9 8,329 • Largest increases in Germany, Poland and 7,588 8,259 Germany Romania 22 49 Austria • Noticeable decline as expected
Slide 10: Highest net income in a first half-year
6M 2024 | Results Highest net income in a first half-year EBITDA (€ mn) EBIT (€ mn) Net income after +2% minorities (€ mn) 351 359 325 -6% +23% 87 82 74 92 64 40 6M 2022 6M 2023 6M 2024 6M 2022 6M 2023 6M 2024 6M 2022 6M 2023 6M 2024 • EBITDA increase of 2% compared to 6M 2023 • EBIT somewhat lower
Slide 11: Financial position remained robust
6M 2024 | Results Financial position remained robust Net debt (+) / Net cash (-) in (€ mn) High net cash position • Net cash position lower vs. year-end due +9% to seasonality effect • Build-up in working capital (primarily inventories and receivables), still solid -1,147 level of customer prepaymen
Slide 12: Cash and cash equivalents of € 2.4 bn
6M 2024 | Results Cash and cash equivalents of € 2.4 bn (€ mn) 6M 2024 6M 2023 Δ% Cash and cash equivalents at the beginning of the period 3,450 2,702 28 Cash flow from earnings 223 246 -9 ∆ Working Capital -638 -71 >-100 Cash flow from operating activities -415 175 n.m. Cash flow from investing act
Slide 13: Acquisitions fully in line with priorities of Strategy 2030
6M 2024 | Acquisitions Acquisitions fully in line with priorities of Strategy 2030 Circularity Expertise in the energy sector Depth of value creation HEMP INSULATION TRIBURUZEK PLANNED ACQUISITION1) PIONEER NAPORO GROUP CLIMTECH ELCO GROUP PARTS OF VAMED GROUP AUSTRIA VIENNA | AUSTRIA BERLIN | GERMA
Slide 14: 3 | Operational Review 6M 2024
3 | Operational Review 6M 2024 14 Investor Conference - Zürs 2023
Slide 15: Our business spans the entire construction value chain
6M 2024 | Operating segments Our business spans the entire construction value chain 3,589 66 Share of Output volume (€ mn) EBIT (€ mn) Germany, Switzerland, North + West total output volume (%) 43 Benelux, Scandinavia, 12,035 22,050 Ground Engineering Order backlog (€ mn) Employees (FTE) Regions/Are
Slide 16: North + West: Significant increase in order backlog
6M 2024 | Operating segments North + West: Significant increase in order backlog Key Indicators Performance 6M 2024 (€ mn) 6M 2024 6M 2023 Δ% • Output volume: Growth in German civil engineering and transportation infrastructures, building construction affected by weak residential Output volume 3,589
Slide 17: South + East: Consolidation of order backlog at a high level
6M 2024 | Operating segments South + East: Consolidation of order backlog at a high level Key Indicators Performance 6M 2024 (€ mn) 6M 2024 6M 2023 Δ% • Output volume: Significant growth in Poland and Romania, decline in Austria and the Czech Republic Output volume 3,144 3,171 -1 • EBIT: EBIT in Sou
Slide 18: International + Special Divisions: Earnings improvement
6M 2024 | Operating segments International + Special Divisions: Earnings improvement Key Indicators Performance 6M 2024 (€ mn) 6M 2024 6M 2023 Δ% • Output volume: Strongest growth in Germany (acquisition in M&E and energy management; tunnelling projects), the UK and Luxembourg Output volume 1,481 1,
Slide 19: 3 | Share & Outlook 2024
3 | Share & Outlook 2024
Slide 20: The STRABAG shares
Share The STRABAG shares Shareholder structure1) Update on shareholder MKAO “Rasperia Trading Limited” (Rasperia) • Action brought by Rasperia against: 31.9% UNIQA/Raiffeisen 30.7% Haselsteiner Family • resolutions of 18th AGM 2022 and Extraordinary General Meeting 2022 – dismissed by Regional Court
Slide 21: Robust performance despite high disbursements in 6M 24
Share Robust performance despite high disbursements in 6M 2024 50.00 50,00 Ex-date Capital measures € 9.05 Ex-date Share price Dividend for 2023 year-end Total € 2.20 € 41.40 payout € 11.25 40,00 40.00 Share price end of 6M € 38.95 30,00 30.00 01.01.2024 01.02.2024 01.03.2024 01.04.2024 01.05.2024 0
Slide 22: STRABAG confirms guidance for full year 2024
Outlook 2024 STRABAG confirms guidance for full year 2024 „ Output volume ~ € 19.4 bn Our integrated business model enabled us to achieve a strong result in the first half of 2024 – with a new record order backlog. On the basis of these positive developments, we can EBIT margin ≥ 4% again confirm ou
Slide 23: Financial calendar & IR contact
STRABAG SE Financial calendar & IR contact Financial calendar 2024/2025 IR contact Date Event Marco Reiter Head of Investor Relations Thu, 14 November 2024 Trading Statement January–September 2024 Disclosure 7:00 a.m CET marco.reiter@strabag.com Thu, 13 February 2025 Initial Figures 2024: output vol
Slide 24: 5 | Annex
5 | Annex
Slide 25: Key figures of STRABAG SE
Annex Key figures of STRABAG SE Output volume Order backlog (€ mn) 6M 2024 6M 2023 Δ% Contribution by region Output volume 8,329 8,259 1 Germany 49% 53% Order backlog 25,192 24,320 4 EBIT 82 87 -6 Austria 15% 10% EBIT margin (% of revenue) 1.1 1.1 CEE 22% 21% Net income after minorities 92 74 23 Res
Slide 26: Consolidated statement of profit or loss (excerpt)
Annex Consolidated statement of profit or loss (excerpt) (€ mn) 6M 2024 6M 2023 Δ% Output volume 8,329.29 8,258.62 1 Revenue 7,462.39 7,684.37 -3 Changes in inventories/own work capitalised 179.42 66.44 >100 Other operating income 104.20 106.06 -2 Construction materials, consumables and services use
Slide 27: Consolidated statement of financial position (excerpt)
Annex Consolidated statement of financial position (excerpt) Assets Equity and liabilities (€ mn) 30.6.2024 31.12.2023 (€ mn) 30.6.2024 31.12.2023 Goodwill and other intangible assets 588 524 Share capital 118 103 Rights from concession arrangements 442 453 Capital reserves 1,732 1,748 Retained earn