Slide 1: STRABAG SE | FY 2022 Results
STRABAG SE | FY 2022 RESULTS WORK ON PROGRESS 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
WORK ON PROGRESS a + ‘Se
Slide 5: STRABAG SE achieves second-best result in its history
FY 2022 | Executive summary STRABAG SE achieves second-best result in its history Excellent performance in 2022 despite softening market dynamics New record output of € 17.7 bn significantly above pre-crisis level and previous record in 2019 Continued high order backlog 6% year-on-year increase – in
Slide 6: STRABAG copes well with challenging environment
FY 2022 | Market environment STRABAG copes well with challenging environment Inflation Interest rates Geopolitical tensions STRABAG response STRABAG response STRABAG response • Adjustment of pricing models • Further diversification of business model • Winding-up all activities in Russia − by segment
Slide 7: Strategy of vertical integration pays off
FY 2022 | Market environment Strategy of vertical integration pays off Own coverage of material needs STRABAG facilities1 Own dense construction materials network 88% 86% Asphalt mixing plants 277 • Secures availability – especially in times of constrained supply chains Asphalt Cement Concrete mixin
Slide 8: Higher order intake in 2022
FY 2022 | Key order intakes Higher order intake in 2022 Headquarters Grünblick Volksbank Upgrading residential Raiffeisenbank Berlin-Köpenick project Bayern Mitte rail station Vienna Ingolstadt Germany Austria Germany € 154 mn € 110 mn € 70 mn 2022-2027 2022-2025 2022-2024 Tunneling Construction Mod
Slide 9: 2 | Financial Review 2022
2 | Financial Review 2022
Slide 10: New record for output volume
FY 2022 | Results New record for output volume Output volume (€ mn) Output volume by region (€ mn) New record for output volume +10% 6 • Pre-crisis level surpassed 7 16,129 17,735 Germany • Increase across all operating segments 15,447 23 47 Austria • Largest increase in Germany, Austria, CEE United
Slide 11: EBIT margin fully in line with target
FY 2022 | Results EBIT margin fully in line with target EBIT (€ mn) and EBIT margin (%) Sustainable profit growth… CAGR +12% EBIT in 2013-22 • EBIT margin 2022 at 4.2% 896 • Fully in line with target: 706 603 631 ≥ 4% from 2022 onwards 558 425 448 341 5.9 • Exceptionally high level in 2021 – 262 282
Slide 12: STRABAG SE with second-best result in its history
FY 2022 | Results STRABAG SE with second-best result in its history Net income after minorities Earnings per share (€) (€ mn) & margin (% of revenue) -19% -19% 586 5.71 472 4.60 • The net income after 395 • Net interest income was 3.85 minorities – due to the positive compared to the exceptionally p
Slide 13: Excellent financial strength maintained
FY 2022 | Results Excellent financial strength maintained Net debt (+) / Net cash (-) in (€ mn) Stable net cash position • Substantially increased since 2013 • High advance payments in the past -74 • Working capital expected to increase – -249 -449 due to rising interest rates -1,094 -1,218 -1,144 -
Slide 14: Cash and cash equivalents of € 2.7 bn
FY 2022 | Results Cash and cash equivalents of € 2.7 bn (€ mn) 2022 2021 Δ% Cash – beginning of period 2,963 2,857 4 Cash flow from earnings 1,085 1,216 -11 ∆ Working Capital -272 5 n.m. Cash flow from operating activities 813 1.221 -33 Cash flow from investing activities -560 -378 -48 Cash flow fro
Slide 15: 3 | Operational Review 2022
3 | Operational Review 2022 15 Investor Conference - Zürs 2023
Slide 16: Our business spans the entire construction value chain
FY 2022 | Operating segments Our business spans the entire construction value chain 8,691 6.1 Share of Output volume (€ mn) EBIT margin (%) Germany, Poland, Benelux, North + West total output 49 Scandinavia, volume (%) 11,842 25,693 Ground engineering Order backlog (€ mn) Employees (FTE) Regions/Are
Slide 17: North + West: High EBIT margin maintained
FY 2022 | Operating segments North + West: High EBIT margin maintained Key Indikators Performance 2022 (€ mn) 2022 2021 Δ% • Output volume +10% above prior year Output volume 8,691 7,902 10 • EBIT grew by 11%, maintaining the very good EBIT margin of 6.1%, earnings improvements were seen in the Germ
Slide 18: South + East: Order backlog above Group average
FY 2022 | Operating segments South + East: Order backlog above Group average Key Indikators Performance 2022 (€ mn) 2022 2021 Δ% • Output volume increased significantly by 11% in 2022 Output volume 5,462 4,930 11 • Due to provisions and as a result of strong cost inflation in Southern and Eastern Eu
Slide 19: International + Special Divisions: Fluctuations in project business
FY 2022 | Operating segments International + Special Divisions: Fluctuations in project business Key Indikators Performance 2022 (€ mn) 2022 2021 Δ% • Output volume (+9% vs. 2021), mainly attributable to the ongoing fulfilment of orders in United Kingdom, Chile and the Middle East Output volume 3,44
Slide 20: 4 | Share & Outlook 2023
STRABAG WORK ON PROGRESS
Slide 21: The STRABAG share
STRABAG SE The STRABAG share Stable shareholder structure1 Developments following Russia’s invasion of Ukraine • Mar. 2022: Core shareholder Haselsteiner family foundation terminates syndicate agreement – 29.5% UNIQA/Raiffeisen with UNIQA Group, Raiffeisen Group and MKAO “Rasperia Trading Limited” –
Slide 22: Stable guidance in challenging times
Outlook 2023 Stable guidance in challenging times Output volume of € 17.9 bn despite interest rate turnaround EBIT margin of ≥ 4% fully in line with target to generate ≥ 4% from 2022 onwards Net investments of ≤ € 600 mn Cash flow from investing activities 22
Slide 23: Financial calendar & IR contact
STRABAG SE Financial calendar & IR contact Financial calendar 2023 IR contact Date Event Marco Reiter Head of Investor Relations Fri, 17 February 2023 FY 2022 figures: output volume, order backlog, +43 1 22422-1089 employees and outlook 2023 marco.reiter@strabag.com Thu, 27 April 2023 Annual Report
Slide 24: 5 | Annex
5 | Annex
Slide 25: Flexible business model proves its worth in volatile times
Annex Flexible business model proves its worth in volatile times Diversified portfolio balances Subcontracting mix (%) Portfolio mix (%) cyclical/project-driven nature 5 1 Transportation of construction 7 Infrastructure 9 Building Construction & • Diversified business model Building Cons. 41 Civil E
Slide 26: Key figures of STRABAG SE
Annex Key figures of STRABAG SE (€ mn) 2022 2021 Δ% Output volume Order backlog Contribution by region Output volume 17,735 16,129 10 Germany 47% 47% Revenue 17,026 15,299 11 EBITDA 1,257 1,446 -13 Austria 17% 13% EBIT 706 896 -21 CEE 23% 21% EBIT margin (% of revenue) 4.2 5.9 Rest of Europe 7% 13%
Slide 27: Consolidated statement of profit or loss (excerpt)
Annex Consolidated statement of profit or loss (excerpt) (€ mn) 2022 2021 Δ% Output volume 17,735.47 16,128.92 10 Revenue 17,025.85 15,298,54 11 Changes in inventories/own work capitalised 11.01 -109.81 n.m. Other operating income 236.76 211.26 12 Construction materials, consumables and services use
Slide 28: Consolidated statement of financial position
Annex Consolidated statement of financial position Assets Equity and liabilities (€ mn) 2022 2021 (€ mn) 2022 2021 Intangible assets 467 476 Share capital 103 103 Rights from concession arrangements 473 493 Capital reserves 2,086 2,086 Retained earnings and other reserves 1,814 1,859 Property, plant