Implenia AG · SIX:IMPN

Implenia — FY2022 Earnings Presentation

34 slides from Implenia's earnings presentation, Mar 1, 2023

Slide 1: Create and Build the Future
Annual Report 2022 Analysts and Media CREATE Conference Glattpark (Opfikon), AND BUILD 1 March 2023 THE FUTURE © Implenia
Slide 2: Disclaimer
LEGAL NOTICE DISCLAIMER This presentation contains forward looking statements which reflect Management’s current views and estimates. The forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those contained in the forward-lookin
Slide 3: Content of Today – Create and Build the Future
2022 FULL-YEAR RESULTS CONTENT OF TODAY – CREATE AND BUILD THE FUTURE Business Update Finance Update Market Outlook Questions and answers André Wyss Stefan Baumgärtner André Wyss André Wyss CEO CFO CEO CEO Stefan Baumgärtner CFO © Implenia 2022 full-year results | March 2023 3
Slide 4: Fit for Growth
Innovation Portfolio Fit for Growth Industrialisation, digitalisation, BIM, Sector-oriented sustainability specialisation, integration to further strengthen along the value chain and acquisitions the competitive position Transformation Talent & completed Organisation Increased profitability Collabor
Slide 6: Implenia Group – Significantly Improved Profit in Full-Year 2022
BUSINESS UPDATE IMPLENIA GROUP – SIGNIFICANTLY IMPROVED PROFIT IN FULL-YEAR 2022 7,221 (+5%) 3,563 (-5%) 138.9 (+21%) ▪ Foreign currencies with negative effect on order book, revenue and EBIT currency-adjusted 7,464 (+8%) currency-adjusted 3,716 (-1%) currency-adjusted 144.1 (+26%) EBIT ▪ Further in
Slide 7: Real Estate, Buildings, Civil Engineering, Specialties
BUSINESS UPDATE REAL ESTATE BUILDINGS CIVIL ENGINEERING SPECIALTIES © Implenia 2022 full-year results | March 2023 7
Slide 8: Real Estate – Significant EBIT Contribution of CHF 80.8 Million
BUSINESS UPDATE REAL ESTATE – SIGNIFICANT EBIT CONTRIBUTION OF CHF 80.8 MILLION2) MAINLY FROM SALE OF LARGE PROJECTS AFTER SEVERAL YEARS OF DEVELOPMENT 141 (-6%) 81.1 (+92%) ▪ Implenia continues to invest in its own attractive Real Estate portfolio with currency-adjusted 80.8 (+92%) Real Estate port
Slide 9: Real Estate – Develops and Realises Landmark Portfolios
BUSINESS UPDATE REAL ESTATE – DEVELOPS AND REALISES LANDMARK PORTFOLIOS AND DESIGNS ATTRACTIVE REAL ESTATE PRODUCTS Bredella, Basel, Switzerland Rocket & Tigerli, Les Tattes, Onex, Switzerland Winterthur, Switzerland © Implenia 2022 full-year results | March 2023 9
Slide 10: Buildings – Increased Profitability with Higher Order Book
BUSINESS UPDATE BUILDINGS – INCREASED PROFITABILITY WITH HIGHER ORDER BOOK OF BETTER QUALITY 3,118 (+11%) 1,743 (-4%) 35.4 (+9%) ▪ Order book1) increased to CHF 3.2 billion and improved in quality currency-adjusted 3,157 (+12%) currency-adjusted 1,790 (-2%) currency-adjusted 36,5 (+13%) ▪ Revenue1)
Slide 11: Buildings – Plans, Builds and Modernises Large, Complex Projects
BUSINESS UPDATE BUILDINGS – PLANS, BUILDS AND MODERNISES LARGE, COMPLEX PROJECTS SPECIALISED IN HEALTHCARE, RESEARCH AND DEVELOPMENT Cantonal hospital Lucerne, EUREF Campus, Düsseldorf, Germany Laboratory building University Switzerland Basel, Switzerland UBS Paradeplatz, Zurich, Switzerland © Imple
Slide 12: Civil Engineering – Further Increase in Profitability
BUSINESS UPDATE CIVIL ENGINEERING – FURTHER INCREASE IN PROFITABILITY, ORDER BOOK OF IMPROVED QUALITY 3,951 (+1%) 1,921 (-7%) 34.9 (+40%) ▪ Order book1) increased to CHF 4.2 billion and was of improved quality; currency-adjusted 4,150 (+6%) currency-adjusted 2,035 (-1%) currency-adjusted 39.1 (+56%)
Slide 13: Civil Engineering – Mobility and Energy Infrastructure for Europe
BUSINESS UPDATE CIVIL ENGINEERING – FUTURE-ORIENTED MOBILITY AND ENERGY INFRASTRUCTURE FOR EUROPE Second tube Gotthard Brenner Base Tunnel, Austria TELT Base Tunnel Lyon-Turin, road tunnel, Switzerland France Ship lift Niederfinow, Tangenvika railway bridge, Germany Jernbanebru, Norway © Implenia 20
Slide 14: Specialties – Considerable Increase in Underlying Performance
BUSINESS UPDATE SPECIALTIES – CONSIDERABLE INCREASE IN UNDERLYING PERFORMANCE, ONGOING PORTFOLIO ADJUSTMENTS 152 (-1%) 164 (-21%) 2.6 (n/a) ▪ Order book1) of CHF 157 million above previous year’s level currency-adjusted 157 (+2%) currency-adjusted 175 (-16%) currency-adjusted 2.9 (n/a) ▪ Revenue1) a
Slide 15: Specialties – Major Projects in European Markets
BUSINESS UPDATE SPECIALTIES – PLANS AND REALIZES MAJOR PROJECTS IN EUROPEAN MARKETS WITH SPECIALISED SERVICES Rocket & Tigerli, Berlin Decks, Germany Data center heiCOMACS, Winterthur, Switzerland Heidelberg, Germany Cantonal hospital Cellforce factory, Mahden, Germany Aarau, Switzerland © ZEISS © I
Slide 16: Sustainability Through Closed Material Cycles
BUSINESS UPDATE SUSTAINABILITY THROUGH CLOSED MATERIAL CYCLES: IMPLENIA REMAINS A LEADER IN THE INDUSTRY Focus decarbonisation Highlights Implenia leading in ESG ratings1) and circular economy ▪ Integration of circular principles Decarbonisation strategy: in development projects After determining op
Slide 17: Integrated Services of All Divisions Along the Value Chain
BUSINESS UPDATE INTEGRATED SERVICES OF ALL DIVISIONS ALONG THE ENTIRE VALUE CHAIN End-to-end competences in consulting, planning, project and construction management ▪ Implenia acting in various roles: ‒ as owner of Real Estate portfolio ‒ as integrated leading multinational construction and real es
Slide 19: Significantly Improved Net Result
FINANCE UPDATE SIGNIFICANTLY IMPROVED NET RESULT Income statement (shortened) CHF mn ▪ EBIT in FY 2022 significantly above FY 2022 FY 2021 prior year due to improved profitability of all Divisions and above-average Revenue 3,563.3 3,764.7 contribution of Division Real Estate EBIT 138.9 114.8 ▪ Group
Slide 20: Foreign Currency Effects on Order Book, Revenue and EBIT
FINANCE UPDATE FOREIGN CURRENCY EFFECTS WITH NEGATIVE IMPACT ON ORDER BOOK, REVENUE AND EBIT Order book Revenue EBIT ▪ Foreign currencies with negative CHF mn CHF mn CHF mn translation effect, mainly from EUR/CHF +26% ▪ Currency-adjusted order book +8% -1% increased by 8% compared to -5% +21% +5% pr
Slide 21: Reduction in Total Assets Due to Asset Light Strategy
FINANCE UPDATE REDUCTION IN TOTAL ASSETS DUE TO CONSISTENTLY PURSUED ASSET LIGHT STRATEGY Assets (shortened) CHF mn 31.12.2022 31.12.2021 ▪ Cash and cash equivalents at previous year’s level Cash & cash equivalents 608.8 621.9 Real estate transactions 141.0 149.3 ▪ Real estate transactions (Real Est
Slide 22: Strong Increase in Equity Ratio to 17.5%
FINANCE UPDATE STRONG INCREASE IN EQUITY RATIO TO 17.5% DUE TO IMPROVED PROFITABILITY AND REDUCED TOTAL ASSETS Equity and Liabilities (shortened) CHF mn 31.12.2022 31.12.2021 ▪ Trade payables reduced in FY 2022 Trade payables 625.7 679.4 ▪ Lower current liabilities due to Other current liabilities 9
Slide 23: Substantially Strengthened Equity of CHF 482.7 Million
FINANCE UPDATE SUBSTANTIALLY STRENGTHENED EQUITY OF CHF 482.7 MILLION DUE TO IMPROVED NET PROFIT Change in equity (shortened) CHF mn ▪ Equity strengthened by CHF 136.8 million; -14.8 482.7 2022 target of at least CHF 80 million exceeded 45.6 ▪ Fair value valuation under IFRS in HY1.2022 with positiv
Slide 24: Significant Improvement of Free Cash Flow to CHF 124.0 Million
FINANCE UPDATE SIGNIFICANT IMPROVEMENT OF FREE CASH FLOW TO CHF 124.0 MILLION Consolidated Cash Flow Statement CHF mn ▪ Free cash flow at high level of FY 2022 FY 2021 CHF 124.0 million; improvements Free cash flow1) 124.0 -17.5 in operating business and successful Cash & cash equivalents at the man
Slide 25: Board Proposes Dividend of CHF 0.40 per Share
FINANCE UPDATE BOARD OF DIRECTORS WILL PROPOSE A DIVIDEND OF CHF 0.40 PER SHARE TO ANNUAL GENERAL MEETING 482.7 (+40%) 124.0 (n/a) Total Equity Free cash flow ▪ Implenia to cautiously resume dividend distributions CHF mn CHF mn 482.7 124.0 ▪ Implenia wants its shareholders to participate in the comp
Slide 26: Implenia Aims for EBIT of CHF ~120 Million
FINANCE UPDATE IMPLENIA AIMS FOR EBIT OF CHF ~120 MILLION AND A FURTHER INCREASE IN THE EQUITY RATIO TO >20% Profitability target 2023 Short to mid term EBIT Mid to long term EBIT margin target margin target Expected EBIT CHF ~120 million ~3.5% EBIT margin >4.5% EBIT margin Strong operating business
Slide 28: Forecasts for European Construction Output Remain Stable
MARKET OUTLOOK FORECASTS FOR EUROPEAN CONSTRUCTION OUTPUT REMAIN STABLE, UNCERTAINTIES AND INFLATION IN CHALLENGING MARKET ENVIRONMENT Construction output in relevant markets with constant Challenges of the market environment are volume, slower growth mitigated best possible and closely monitored Bu
Slide 29: Megatrends Continue to Offer Attractive Opportunities
MARKET OUTLOOK MEGATRENDS CONTINUE TO OFFER ATTRACTIVE OPPORTUNITIES Infrastructure investments Population growth Urbanisation and renewable energies Global population is estimated to rise from 8 billion 81.2%2) of the population in Western Europe EUR 10.7 trillion need to be invested in mobility in
Slide 30: Raymond Cron Proposed as New Member of the Board
LEADERSHIP CHANGES RAYMOND CRON PROPOSED AS NEW MEMBER OF THE BOARD OF DIRECTORS Board of Directors ▪ Laurent Vulliet will not be standing for re-election at the Annual General Meeting (AGM) on 28 March 2023 ▪ Raymond Cron will be proposed to the AGM as a new Member of the Board of Directors ▪ With
Slide 31: Implenia Is Excellently Positioned for Sustainable Success
IMPLENIA IS EXCELLENTLY POSITIONED FOR SUSTAINABLE SUCCESS © Implenia
Slide 32: Dates and Contacts
DATES AND CONTACTS Dates 2023 Annual General Meeting 28.03.2023 2023 Half-year results 16.08.2023 Contacts Investors Franziska Stein, Head Investor Relations ir@implenia.com +41 58 474 35 04 Media Silvan Merki, CCO communication@implenia.com +41 58 474 74 77 © Implenia 2022 full-year results | March

Implenia — FY2022 Earnings Presentation on 6ix

Implenia — FY2022 Earnings Presentation

Slide 1: Create and Build the Future

Slide 2: Disclaimer

Slide 3: Content of Today – Create and Build the Future

Slide 4: Fit for Growth

Slide 5: Business Update

Slide 6: Implenia Group – Significantly Improved Profit in Full-Year 2022

Slide 7: Real Estate, Buildings, Civil Engineering, Specialties

Slide 8: Real Estate – Significant EBIT Contribution of CHF 80.8 Million

Slide 9: Real Estate – Develops and Realises Landmark Portfolios

Slide 10: Buildings – Increased Profitability with Higher Order Book

Slide 11: Buildings – Plans, Builds and Modernises Large, Complex Projects

Slide 12: Civil Engineering – Further Increase in Profitability

Slide 13: Civil Engineering – Mobility and Energy Infrastructure for Europe

Slide 14: Specialties – Considerable Increase in Underlying Performance

Slide 15: Specialties – Major Projects in European Markets

Slide 16: Sustainability Through Closed Material Cycles

Slide 17: Integrated Services of All Divisions Along the Value Chain

Slide 18: Finance Update

Slide 19: Significantly Improved Net Result

Slide 20: Foreign Currency Effects on Order Book, Revenue and EBIT

Slide 21: Reduction in Total Assets Due to Asset Light Strategy

Slide 22: Strong Increase in Equity Ratio to 17.5%

Slide 23: Substantially Strengthened Equity of CHF 482.7 Million

Slide 24: Significant Improvement of Free Cash Flow to CHF 124.0 Million

Slide 25: Board Proposes Dividend of CHF 0.40 per Share

Slide 26: Implenia Aims for EBIT of CHF ~120 Million

Slide 27: Market Outlook

Slide 28: Forecasts for European Construction Output Remain Stable

Slide 29: Megatrends Continue to Offer Attractive Opportunities

Slide 30: Raymond Cron Proposed as New Member of the Board

Slide 31: Implenia Is Excellently Positioned for Sustainable Success

Slide 32: Dates and Contacts

Slide 33: Questions and Answers

Slide 34: Thank You!