Slide 1: STRABAG SE January–September 2015 Results
STRABAG SE JANUARY–SEPTEMBER 2015 RESULTS 30 NOVEMBER 2015
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 grows by 6%, order backlog decreases by 11%
OUTPUT VOLUME GROWS BY 6 %, ORDER BACKLOG DECREASES BY 11 % OUTPUT VOLUME (€M) 20000 ● Growth driven primarily by the markets of Slovakia, Germany, the Czech Republic and 6% 13,566 Poland 10,256 9,712 0 9M/15 9M/14 2014 ORDER BACKLOG (€M) 20000 -11% ● Different trends in the backlog: 15,400 13,761 1
Slide 4: EBITDA and EBIT improvement in the double-digit area
EBITDA AND EBIT IMPROVEMENT IN THE DOUBLE-DIGIT AREA EBITDA (€M) 750 720 ● Higher revenue leads to higher EBITDA 15% 404 350 9M/15 9M/14 2014 -150 EBIT (€M) 450 ● Depreciation and amortisation at about last year’s 282 80% level 116 64 ● Improvement in EBIT due to segments South + 0 East and Internat
Slide 5: Earnings per share at €0.57 after €0.14
EARNINGS PER SHARE AT € 0.57 AFTER € 0.14 NET INCOME AFTER MINORITIES (€M) EARNINGS PER SHARE (€) 200 2 305% 128 305% 1.25 58 0.57 14 0.14 9M/15 9M/14 2014 9M/15 9M/14 2014 -200 -2 ● Positive FX gains in Swiss franc and lower interest rate for staff-related provisions lead to less negative interest
Slide 6: Equity ratio still at nearly 30%, net debt significantly reduced
EQUITY RATIO STILL AT NEARLY 30 %, NET DEBT SIGNIFICANTLY REDUCED ASSETS(1) LIABILITIES AND EQUITY(1) (€m) 9M/15 2014 (€m) 9M/15 2014 Intangible assets 534 536 Share capital 114 114 PP&E & investment property 1,982 2,048 Capital reserves 2,311 2,311 Associated companies 390 402 Retained earnings 488
Slide 7: Increased cash flow from earnings, but project development results in higher WC
INCREASED CASH FLOW FROM EARNINGS, BUT PROJECT DEVELOPMENT RESULTS IN HIGHER WC (€m) 9M/15 ∆% 9M/14 Cash – beginning of period 1,906 13 1,685 Cash flow from earnings 311 20 258 ∆ Working Capital -419 -14 -367 Cash flow from operating activities -108 1 -109 Cash flow from investing activities -179 53
Slide 8: North + West: losses comparable to last year
NORTH + WEST: LOSSES COMPARABLE TO LAST YEAR KEY INDICATORS COMMENTS (€m) 9M/15 ∆% 9M/14 ● Output volume nearly unchanged: up in Poland, Output volume 4,569 0 4,587 down in Sweden and Benelux Revenue 4,257 1 4,234 ● EBIT impacted by higher winter losses in Order backlog 5,697 -6 6,054 transportation
Slide 9: South + East: EBIT rose by a third
SOUTH + EAST: EBIT ROSE BY A THIRD KEY INDICATORS COMMENTS (€m) 9M/15 ∆% 9M/14 ● Output volume grew by 10%: Significant increases 3,256 in Slovakia and Czech Republic, other markets Output volume 10 2,967 mixed Revenue 3,119 13 2,768 ● EBIT +32%: agreements reached on projects after Order backlog 3,
Slide 10: International + Special Divisions: earnings benefit from improvement in raw materials
INTERNATIONAL + SPECIAL DIVISIONS: EARNINGS BENEFIT FROM IMPROVEMENT IN RAW MATERIALS KEY INDICATORS COMMENTS (€m) 9M/15 ∆% 9M/14 ● Growth in output volume (+13%) due to acquisition of 2,332 2,072 DIW Group last year as well as increases in non- Output volume 13 European markets Revenue 2,085 11 1,8
Slide 11: Outlook 2015 confirmed
OUTLOOK 2015 CONFIRMED ● Output volume at € 14.0 bn expected ● EBIT forecast: ≥ € 300 m 2014: € 282 m 9M/2015, November 2015 1 Page 11
Slide 12: STRABAG SE January–September 2015 Results – Q&A
STRABAG SE JANUARY–SEPTEMBER 2015 RESULTS Q&A WITH THOMAS BIRTEL, CEO STRABAG SE 30 NOVEMBER 2015