Slide 1: STRABAG SE January–March 2018 Results
STRABAG SE JANUARY–MARCH 2018 RESULTS 30 MAY 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 7%
OUTPUT VOLUME ROSE BY 7% OUTPUT VOLUME (€M) 20000 ● Driven especially by German transportation 14,621 infrastructure business 7% 2,600 2,427 0 3M/18 3M/17 2017 ORDER BACKLOG (€M) 10% 20000 17,669 ● Large orders in the group’s largest markets, i.e. 16,113 16,592 Hungary, Poland and Germany 0 3M/18 3M
Slide 4: Operating Earnings Slightly Improved
OPERATING EARNINGS SLIGHTLY IMPROVED EBITDA (€M) 1000 835 ● First quarter not decisive ● First half of the year typically has a negative effect on results, which is overcompensated by results in the second half of the year 2% -50 -51 3M/18 3M/17 2017 -200 EBIT (€M) 1000 ● Depreciation and amortisati
Slide 5: Effects from Net Interest Income and Minorities Compensate for Each Other
EFFECTS FROM NET INTEREST INCOME AND MINORITIES COMPENSATE FOR EACH OTHER NET INCOME AFTER MINORITIES (€M) EARNINGS PER SHARE (€) 500 3 2.72 279 1% 1% -1.14 -1.14 -117 -117 3M/18 3M/17 2017 3M/18 3M/17 2017 -200 -2 ● Net interest income at € -3 million (after € -14 million in 3M/17), negative FX dif
Slide 6: High Equity Ratio and Net Cash Position
HIGH EQUITY RATIO AND NET CASH POSITION ASSETS(1) LIABILITIES AND EQUITY(1) (€m) 3M/18 2017 (€m) 3M/18 2017 Intangible assets 498 499 Share capital 110 110 PP&E & Investment property 1,948 1,942 Capital reserves 2,315 2,315 Equity-accounted investments 352 350 Retained earnings 857 946 Other investm
Slide 7: CFO Nearly Unchanged, Higher CFI and CFF Outflows
CFO NEARLY UNCHANGED, HIGHER CFI AND CFF OUTFLOWS (€m) 3M/18 ∆% 3M/17 Cash – beginning of period 2,790 40 1,998 Cash flow from earnings -79 -2 -77 ∆ Working Capital -65 5 -69 Cash flow from operating activities -144 1 -146 Cash flow from investing activities -90 -12 -80 Cash flow from financing acti
Slide 8: North + West: High Order Backlog in Germany
NORTH + WEST: HIGH ORDER BACKLOG IN GERMANY KEY INDICATORS COMMENTS (€m) 3M/18 Δ% 3M/17 ● Output volume increased by 14% – high order Output volume 1,238 14 1,087 backlog in Germany and good weather Revenue 1,113 9 1,022 ● Weather in Germany and Poland has contrary Order backlog 8,639 13 7,652 effec
Slide 9: South + East: High Backlog Leads to Larger Winter Loss
SOUTH + EAST: HIGH BACKLOG LEADS TO LARGER WINTER LOSS KEY INDICATORS COMMENTS (€m) 3M/18 Δ% 3M/17 ● Output volume nearly unchanged Output volume 644 0 642 ● EBIT more negative: increased staff in response to Revenue 604 -4 630 high volume of orders, but output volume failed to Order backlog 5,064 2
Slide 10: International + Special Divisions Expects Earnings Improvement
INTERNATIONAL + SPECIAL DIVISIONS EXPECTS EARNINGS IMPROVEMENT KEY INDICATORS COMMENTS (€m) 3M/18 Δ% 3M/17 ● Output volume up by 5% due to large projects in Output volume 695 5 662 the Americas Revenue 634 14 554 ● Sale of real estate developments and the absence Order backlog 3,961 -8 4,306 of burd
Slide 11: Outlook for 2018 Confirmed
OUTLOOK FOR 2018 CONFIRMED ● Output volume 2018 of € 15.0 billion forecasted (+3%) − 2017: € 14.6 billion ● EBIT margin (EBIT/revenue) 2018 expected at ≥ 3% 11 3M/2018, May 2018
Slide 12: STRABAG SE January–March 2018 Results
STRABAG SE JANUARY–MARCH 2018 RESULTS 30 MAY 2018