DEME Group NV · EURONEXT:DEME
DEME Group NV — H1 2022 Earnings Presentation
25 slides from DEME Group NV's earnings presentation, August 2022
Slide 1: Half Year Results 2022
HALF YEAR RESULTS 2022 DEME 1
Slide 2: DEME is a global leader in offshore energy, dredging, marine infrastructure and environmental solutions
DEME IS A GLOBAL LEADER IN OFFSHORE ENERGY, DREDGING, MARINE INFRASTRUCTURE AND ENVIRONMENTAL SOLUTIONS Offshore Energy Dredging & Infra Environmental Concessions Unrivalled track record in the More than 145 years of experience Innovative solutions for soil Developing, investing in, building constru
Slide 3: Group financial highlights, segments update, ESG & safety, outlook
01 GROUP FINANCIAL HIGHLIGHTS 02 SEGMENTS UPDATE 03 ESG & SAFETY 04 OUTLOOK DEME 3
Slide 4: Highlights
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Slide 5: Key Financial Highlights 1HY 2022
1 Financial Financial Highlights Highlights 2 3 4 KEY FINANCIAL HIGHLIGHTS 1HY 2022 1HY 1HY FY > Turnover increase in all Items (in million EUR) 2022 2021 2021 segments Turnover 1,291.7 1,063.0 2,510.6 > Slight increase in EBITDA Order Book 5,620.0 4,737.0 5,905.2 > Higher depreciations lead to lowe
Slide 6: Group Turnover & Order Book by Segment
1 Financial Financial Highlights Highlights 2 3 4 GROUP TURNOVER & ORDER BOOK BY SEGMENT TURNOVER INCREASED 21% COMPARED TO LAST YEAR, WITH LITTLE CHANGE IN REPARTITION ACROSS SEGMENTS Turnover by Segment (in million EUR) Orderbook by Segment (in billion EUR) 7 1HY 2022 1HY 2021 5.9 OFFSHORE ENERGY
Slide 7: Group Turnover & Order Book by Geography
1 Financial Intro Highlights 2 3 4 GROUP TURNOVER & ORDER BOOK BY GEOGRAPHY PARTICULARLY STRONG PERFORMANCE IN EUROPE Turnover by Geographical Market (in million EUR) Orderbook by Geographical Market (in billion EUR) 1HY 2022 1HY 2021 7 2 Europe - EU 64% 1 53% 5.9 6 5.6 Europe - non EU 9% 20% Africa
Slide 8: Group EBITDA, EBIT and Net Profit
1 Financial Highlights 2 3 4 GROUP EBITDA, EBIT AND NET PROFIT Key profit and loss items (in million EUR) Items 1HY 2022 1HY 2021 EBITDA 191.3 187.2 Depreciation -151.2 -140.9 EBIT 40.1 46.2 Financial Result 4.3 -5.2 (including positive FOREX results) Share of profit (loss) of joint 7.1 4.7 ventures
Slide 9: Capex Evolution and Highlights
1 Financial Intro Highlights 2 3 4 CAPEX EVOLUTION AND HIGHLIGHTS CONTINUED INVESTMENTS IN A TECHNOLOGICALLY-ADVANCED FLEET Evolution of CAPEX1 (in million EUR) CAPEX Highlights 600 > Revolutionary offshore installations vessel ‘Orion’ joined the fleet in April 500 > ‘Green Jade’ under construction
Slide 10: Group Key Balance Sheet Items
1 Financial Highlights 2 3 4 GROUP KEY BALANCE SHEET ITEMS DEBT WELL UNDER CONTROL Key balance sheet items (in million EUR) Items 1HY 2022 FY 2021 Net Financial Debt -573.7 -392.7 Cash & cash equivalents 675.2 528.6 Operating Working Capital -296.2 -488.7 > All covenants respected > 440.0 million EU
Slide 11: Consolidated Cash Flow
1 Financial Intro Highlights 2 3 4 CONSOLIDATED CASH FLOW STRONG CASH POSITION MAINTAINED Key cash flow items (in million EUR) Items 1HY 2022 1HY 2021 Cash and cash equivalents 528.6 621.9 Opening Balance Cash flow from operating activities 73.7 90.3 Cash flow (used in) / from Investing activities -
Slide 12: Segments Results
1 Financial Highlights 2 3 4 SEGMENTS RESULTS1 COMPLEMENTARY SEGMENTS PROVIDE DIVERSIFIED SOURCES OF INCOME WHILE CONCESSIONS CREATE ADDITIONAL UPSIDE Offshore Energy Dredging & Infra Environmental Concessions In million EUR 1HY 2021 1HY 2022 1HY 2021 1HY 2022 1HY 2021 1HY 2022 1HY 2021 1HY 2022 Tur
Slide 13: Segments Update
01 02 DEME 13
Slide 14: DEME Offshore Energy
1 2 Segments update 3 4 DEME OFFSHORE ENERGY STRONG RESULTS, WITH AN EBITDA THAT MORE THAN DOUBLED COMPARED TO JUNE 2021 Financial highlights (in million EUR) Order Book (in billion EUR) 471.5 3 2.817 2.608 Vineyard Wind 1 (800 MW) 2 Coastal Virginia (2.6 GW) 100.3 352.4 1 Dogger Bank (3.6 GW) 0 Arc
Slide 15: DEME Offshore Energy Key Projects
1 2 Segments update 3 4 DEME OFFSHORE ENERGY Key Projects 1 Saint-Nazaire (480MW) 23 DEME completed the installation of 1 80 foundations ahead of schedule. The foundations were successfully installed in solid rock, a first in the industry. 2 Kaskasi II (342MW) The construction of the Kaskasi II wind
Slide 16: DEME Dredging & Infra
1 2 Segments update 3 4 DEME DREDGING & INFRA STEADY TURNOVER GROWTH BUT LOWER EBITDA MARGIN DUE TO HIGHER COSTS OF CONSUMABLES/ COMMODITIES, A HIGHER NUMBER OF DOCKINGS AND A MORE CAUTIOUS STANCE OF CUSTOMERS Financial highlights (in million EUR) Order Book (in billion EUR) 746.5 3 2.833 2.703 Fehm
Slide 17: DEME Dredging & Infra Key Projects
1 2 Segments update 3 4 DEME DREDGING & INFRA Key Projects 1 1 Szczecin-Świnoujście Fairway The project was successfully completed. 3 It included deepening works (ca. 25 2 million m³) and the construction of two artificial islands. 2 Abu Qir Progress was made on the reclamation scope; the breakwater
Slide 18: DEME Environmental
1 2 Segments update 3 4 DEME ENVIRONMENTAL STRONG ORGANIC GROWTH BOTH IN TERMS OF TURNOVER AND MARGINS Financial highlights (in million EUR) Order Book (in million EUR) 400 90.7 12.2 309.3 Marken island project 300 255.3 75.8 200 Nyrstar Balen project 100 8.2 Walloon waterways contract 0 FY 2021 1HY
Slide 19: DEME Environmental Key Projects
1 2 Segments update 3 4 DEME ENVIRONMENTAL Key Projects 1 Blue Gate Good progress has been made in the second phase (out of three) of this iconic clean up and rehabilitation of a 3 50 ha heavily contaminated site close to 1 the city center of Antwerp and the 2 “Hobokense polder”. 2 Canal Condé-Pomme
Slide 20: DEME Concessions
1 2 Segments update 3 4 DEME CONCESSIONS KEEPING UP A GOOD PACE IN THE DEVELOPMENT OF A GLOBAL PORTFOLIO OF DIVERSIFIED PROJECTS Key Projects 1 1 Scotwind Thistle Wind Partners, a consortium of 3 DEME Concessions Wind, Qair and Aspiravi, secured the rights to develop two projects 2 (2 x 1GW) under t
Slide 21: ESG & Safety
03 DEME 21
Slide 22: ESG & Safety
1 2 3 ESG & Safety 4 ESG & SAFETY SET TO LEAD AND CREATE A MORE SUSTAINABLE WORLD EXPRESSED IN KPI’S AND ACTIVITIES Sustainability KPIs Sustainability activities Safety activities Through its various activities, DEME is pushing towards a more sustainable world The ‘Orion’ has dual fuel engines and i
Slide 23: Outlook
04 DEME 23
Slide 24: Outlook 2022
1 2 3 4 Outlook OUTLOOK 2022 > Turnover: slightly higher than 2021 > EBITDA: similar to 2021 > Net result: slightly lower than 2021 Reason for a slightly lower net result DEME is faced, mainly within the Dredging & Infra segment, with a combination of a few inter-connected challenges, accentuated by
Slide 25: Disclaimer
DISCLAIMER The Information and any opinions contained therein are provided as at the date of the presentation and are subject to change without notice. In giving this presentation, DEME does not undertake any obligation to provide the recipient with access to any additional information or to update