Ellaktor SA · ATHEX:ELLAKTOR
Ellaktor SA — 9M2019 Earnings Presentation
12 slides from Ellaktor SA's earnings presentation, Nov 19, 2019
Slide 1: 9M2019 Group Results
ELLAKTOR 9M2019 Group Results GROUP
Slide 2: Business update by segment
Business update by segment +/- % vs 9M18 Revenues EBITDA • Strategic focus on profitable projects with cash flows €m €m • Revenues declined due to limited construction tender opportunities in Greece • Results (ΕΒΙΤ) impacted mainly by recognition of project losses in Australia (€46.5m) • €1.3bn back
Slide 3: Further strengthening of Corporate Governance
Further strengthening of Corporate Governance Terms of Reference approved by the BoD Nomination & Remuneration Policy approved by the 2019 AGM Remuneration Creation of the Diversity Policy underway Committee (NRC) Creation of the Nomination Policy underway Compliance & Terms of Reference a
Slide 4: 9M 2019 P&L Highlights (in €m)
9M 2019 P&L Highlights (in €m) 3
Slide 5: Consolidated P&L (in €m)
Consolidated P&L (in €m) 9M2018 9M2019 Δ (%) • Revenues dropped by 26.4% to €1,016.2m, mostly as a Revenues 1,381.6 1,016.2 (26.4%) result of decreased revenues in Construction (€718.2m vs €1,090.6m in 9M2018) EBITDA 59.8 151.2 152.8% • EBITDA amounted to €151.2m (vs €59.8 m in 9M2018) Margin (%) 4.
Slide 6: Consolidated balance sheet (in €m)
Consolidated balance sheet (in €m) 31/12/2018 30/9/2019 Δ (%) • Intangible assets include the Concession Right Intangible assets 573.0 542.6 (5.3%) from Attiki Odos and Moreas and the decrease Property, plant and equipment 526.3 620.6 17.9% is due to the depreciation of the Right Financial Ass ets a
Slide 7: Consolidated cash flows (in €m)
Consolidated cash flows (in €m) €m 30/09/2018 30/09/2019 Δ (%) • Operating cash flows reached (€92.2m) vs (€1.7m) in 9M2018 due to construction CFs from Operating Activities (1.7) (92.2) n.m. CFs from Investment Activities (43.6) (40.8) 6.0% • Cash flows from financing activities amounted to CFs for
Slide 8: Net debt by sector as at 30/09/2019
Net debt by sector as at 30/09/2019 Total Corporate Total BOT 30/9/2019 Concessions Real Total Construction Environment Renewables Other (excl. BOT Attiki Odos Moreas Non- (in € ml ) Recourse Estate Group projects) Recourse Short-term Debt 104.0 20.8 9.3 25.5 15.6 24.8 200.1 25.8 22.5 48.4 248.4 Lon
Slide 9: Segmental analysis of 9M2019 vs 9M2018 results (€m)
Segmental analysis of 9M2019 vs 9M2018 results (€m) Group Construction Concessions Environment Renewables Real Estate Other Revenues 1,016 / 1,382 718 / 1,090 179 / 180 65 / 63 49 / 43 5/5 0/0 9M2019 / (26%) (34%) (0.3%) 2% +15% (2%) +19% 9M2018 EBITDA 151 / 60 (22) / (99) 125 / 107 9 / 23 39 / 33 2
Slide 10: Moving Forward
Moving Forward • Intensify efforts for reforms and for the further strengthening of the Group • Focus on the core activities in Greece as well as in selective international markets • Strong emphasis on AKTOR’s operational improvement across all geographies, with a parallel focus on projects generati
Slide 11: Disclaimer
Disclaimer This presentation has been prepared by ELLAKTOR S.A. (the“Company”). The information contained in this presentation has not been independently verified and no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, comple
Slide 12: Contact details
Contact details Emmanouil Christeas Group CFO e-mail: echristeas@ellaktor.com Investor Relations Department e-mail: ir@ellaktor.com ELLAKTOR S.A. 25, Ermou St., GR 145 64 Nea Kifissia, Greece Athens TEL.: +30 210 8185000 FAX : +30 210 8185001 e-mail: info@ellaktor.com website: www.ellaktor.com 11