Slide 1: STRABAG SE January–September 2014 Results
STRABAG SE JANUARY–SEPTEMBER 2014 RESULTS 28 NOVEMBER 2014
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: Order backlog +10%, stable output volume
ORDER BACKLOG + 10 %, STABLE OUTPUT VOLUME OUTPUT VOLUME (€M) 20000 ● Favourable weather conditions in Germany 1% 13,573 ● Several other markets down slightly 9,712 9,609 0 9M/14 9M/13 2013 ORDER BACKLOG (€M) 20000 10% ● New industrial construction projects in Russia 15,400 13,999 13,470 ● Large ord
Slide 4: Double-digit growth in EBIT
DOUBLE-DIGIT GROWTH IN EBIT EBITDA (€M) 750 695 ● Efficiency gains, among others, resulted in an 6% increase in EBITDA by 6 % 350 329 9M/14 9M/13 2013 -150 EBIT (€M) 450 ● Depreciation and amortisation at about last year’s 62% 262 level 64 40 0 9M/14 9M/13 2013 -450 9M 2014, November 2014 Q Page 4
Slide 5: EBIT increase driven by South + East and International + Special Divisions
EBIT INCREASE DRIVEN BY SOUTH + EAST AND INTERNATIONAL + SPECIAL DIVISIONS NORTH + WEST (€M) SOUTH + EAST (€M) 300 300 105% -151% 138 99 73 48 -52 -21 9M/14 9M/13 2013 9M/14 9M/13 2013 -200 -200 INTERNATIONAL + SPECIAL DIVISIONS (€M) TOTAL GROUP (€M) 300 300 262 62% 126% 70 64 40 32 14 9M/14 9M/13 2
Slide 6: Earnings per share moved into positive territory
EARNINGS PER SHARE MOVED INTO POSITIVE TERRITORY NET INCOME AFTER MINORITIES (€M) EARNINGS PER SHARE (€) 200 2 114 1.11 n.m. n.m. 14 0.14 -2 -0.02 9M/14 9M/13 2013 9M/14 9M/13 2013 -200 -2 ● Net interest income slipped from € -19 million to € -25 million ● Profit of € 6 million attributable to third
Slide 7: Equity ratio remains high at more than 30%
EQUITY RATIO REMAINS HIGH AT MORE THAN 30% ASSETS(1) LIABILITIES AND EQUITY(1) (€m) 9M/14 2013 (€m) 9M/14 2013 Intangible assets 500 502 Share capital 114 114 PP&E & investment property 2,098 2,183 Capital reserves 2,311 2,311 Associated companies 365 372 Retained earnings 429 492 Other financial as
Slide 8: Higher CFI due to acquisition of DIW and purchase of financial assets
HIGHER CFI DUE TO ACQUISITION OF DIW AND PURCHASE OF FINANCIAL ASSETS (€m) 9M/14 ∆% 9M/13 Cash – beginning of period 1,685 25 1,351 Cash flow from earnings 258 4 248 ∆ Working Capital -367 -1 -365 Cash flow from operating activities -109 7 -117 Cash flow from investing activities -381 -48 -257 Cash
Slide 9: North + West: individual projects weigh on EBIT
NORTH + WEST: INDIVIDUAL PROJECTS WEIGH ON EBIT KEY INDICATORS COMMENTS (€m) 9M/14 ∆% 9M/13 ● Output volume increased, mainly due mild winter and despite lack of public sector tenders in Germany Output volume 4,587 7 4,273 4,234 ● EBIT more deeply in negative territory: individual Revenue 7 3,946 co
Slide 10: South + East: efficiency gains drive EBIT
SOUTH + EAST: EFFICIENCY GAINS DRIVE EBIT KEY INDICATORS COMMENTS (€m) 9M/14 ∆% 9M/13 ● Output volume down due to reclassification of a part of Output volume 2,967 -8 3,226 railway construction to North + West Revenue 2,768 -10 3,074 ● EBIT: more than doubled due not least to efficiency increases in
Slide 11: International + Special Divisions: business as usual
INTERNATIONAL + SPECIAL DIVISIONS: BUSINESS AS USUAL KEY INDICATORS COMMENTS (€m) 9M/14 ∆% 9M/13 ● Output volume +3%: growth in Germany, other 2,072 markets balanced each other out Output volume 3 2,006 Revenue 1,872 6 1,764 ● EBIT increased from € 14 million to € 32 million Order backlog 4,539 18 3
Slide 12: Outlook 2014 reiterated
OUTLOOK 2014 REITERATED ● Output volume stable at € 13.6 bn expected ● EBIT forecast: ≥ € 260 m − 2013: € 262 m − Especially strong fourth quarter last year ● Cash flow from investing: Prognosis 2014 increased to € 500 million due to acquisitions 9M 2014, November 2014 1 Page 12
Slide 13: Teams work. Q&A
TEAMS WORK. Q&A WITH THOMAS BIRTEL, CEO STRABAG SE 28 NOVEMBER 2014