Porr Ag · VIE:POS
Porr — Q1 2025 Earnings Presentation
12 slides from Porr's earnings presentation, May 22, 2025
Slide 1: Q1 Results 2025 Conference Call Presentation
V4 Conference Unternehmenspräsentation Call Presentation Q1 März Results 2024 2025, May 2025
Slide 2: Disclaimer
DISCLAIMER • This presentation was prepared by PORR AG (the "Company") solely for • This presentation contains forward-looking statements relating to the use at investors’ meetings and is provided solely for informational business, financial performance and results of the Company and/or the purposes
Slide 3: Q1/25 at a Glance
Q1/25 AT A GLANCE 1 4 Stable debt position Further positive impetus in PL and CEE Net debt and cash flow with German special funds announced one-off effects 2 Strong order book Promissing development in AT and CEE 5 High liquidity cushion Increase of equity ratio to 19.8% 3 6 Outlook confirmed Solid
Slide 4: Ongoing Increase in Construction Market
ONGOING INCREASE IN CONSTRUCTION MARKET MOMENTUM FROM EU FUNDS AND INFRASTRUCTURE NEED Growth engine: Civil engineering 2025 investment programmes (in EUR bn) Annual growth rates in Annual growth rates in 3.8% Euroconstruct-19 3.5% Transport infrastructure & AT 4.9 residential construction CEE 1.8%
Slide 5: Strong Order Intakes
STRONG ORDER INTAKES UPLIFT FROM BUILDINGS Order intake (in EUR m) 1,539 1,429 1,278 1,311 56% 59% 9% 15% 5% 9% 10% 3% 17% 1% 13% 3% C+ / Prime Segment Q1/2022 Q1/2023 Q1/2024 Q1/2025 Top 10 % der Branche Holding Infra CEE PL DE AT / CH ▪ +62% increase in building construction ▪ Double-digit increas
Slide 6: Top Order Intakes 2024/25
TOP ORDER INTAKES 2024/25 Civil engineering Other Non-residential construction Residential construction Q2/24 Q3/24 Q4/24 Q1/25 • Data centre • TB1 - Tramway Bucharest • D0, Bechovice – D1 • GIG - Community school DE / n.a. Lot 1 motorway Insel Gartenfeld Bucharest / RO / 143.9m Prague / CZ / 194.2m
Slide 7: Full Order Books
FULL ORDER BOOKS VISIBILITY FOR > 1.25 YEARS Order backlog (in EUR m) 8,439 8,812 8,033 8,211 56% 57% 26% 30% 14% 8% 5% 6% C+ / Prime Segment Q1/2022 Q1/2023 Top 10 % derQ1/2025 Q1/2024 Branche Miscellaneous Residential Non-residential Civil engineering ▪ +4.4% increase in order book coming from nea
Slide 8: Solid Output
SOLID OUTPUT NO CHANGE IN EXPECTATIONS Production output per segment (in EUR m) Double-digit increase in CEE and Infrastructure International, AT / CH with continuous 1,323 growth 1,271 1,270 1,161 Strong uplift in civil engineering coming from road construction 50% 55% 16% 14% 12% 14% 7% 7% 3% 12%
Slide 9: Improved Performance
IMPROVED PERFORMANCE MARGIN GOAL 2025: 2.8-3.0% EBIT (in EUR m) EBIT (in % of revenue) 12.6 11.3 9.9 1.0% 6.0 0.9% 0.8% 0.5% Q1/22 Q1/23 Q1/24 Q1/25 ▪ +11.7 % on the bottom line: increase despite heavy seasonality ▪ Absolute reductions in materials and related production services of EUR 20.3m (1.0%
Slide 10: Seasonal Increase in Debt Position
SEASONAL INCREASE IN DEBT POSITION ONE-OFF EFFECTS VISIBLE Gross debt (in EUR m) Net debt (in EUR m) 259 One-off 615 592 589 585 effects: 244 EUR 67m 253 241 240 107 192 2 2023 Q1/24 2024 Q1/25 -40 IFRS 16: Long-term rentals 2023 Q1/24 2024 Q1/25 ▪ Increase in gross debt as a result of seasonality ▪
Slide 11: Stable Equity
STABLE EQUITY DESPITE HYBRID REDEMPTION Equity (in EUR m) and equity ratio (in %) 894 860 815 24% 834 29% 18% 25% 21.1% 20.8% 19.7% 19.8% C+ / Prime Segment Top 10 % der Branche 2023 Q1/24 2024 Q1/25 ▪ Hybrid redemption in February 2025 of EUR 46.5m ▪ Share buyback in Q1 with a value of EUR 9.7m ▪ A
Slide 12: Outlook
OUTLOOK Moderate growth in output and revenue EBIT margin 2.8% – 3.0% 2030 EBIT margin 3.5% - 4.0% Investor Presentation: Q1 Results 2025 22.05.2025 I Page 12