Porr Ag · VIE:POS
Porr — Investor Day (October 2015)
104 slides from Porr's investor day presentation, Oct 22, 2015
Slide 1: Capital Markets Day
Capital Markets Day 22 October 2015 Stuttgart, Germany
Slide 2: Disclaimer
Disclaimer • This presentation was prepared by PORR AG (the "Company") solely for use at investors’ meetings and is furnished to you solely for informational purposes. • This presentation dates as of October 2015. The facts and information contained herein might be subject to revision in the future.
Slide 3: Agenda 22 October 2015
Agenda 22 October 2015 • 09.00 Shuttle Service Hotel Mövenpick to site Albaufstieg • 09.30 Presentations Management Board PORR AG incl. Q&A Session • 11.00 Break • 11.15 Presentation with focus on Infrastructure • 11.50 Presentation with focus on Qatar / KSA / Oman • 12.30 Lunch at “Lean Room” • 01.
Slide 4: PORR's Management Board
PORR‘s Management Board Extensive experience in European real estate, construction and finance: Entrepreneur with Austrian developer STRAUSS & PARTNER Various senior management positions with real estate firms of former Raiffeisen Zentralbank Karl-Heinz Strauss, CEO Extensive experience in finan
Slide 5: Biographies Speakers
Biographies Speakers Managing director division Tunneling Porr Bau GmbH More than 30 years of experience in civil construction projects Management positions in tunneling since 2000 Rainer Since 2011 President of the German Tunneling Society and since Rengshausen April 2015 Member of the Britis
Slide 6: Latest news: Norway
Latest news: NORWAY 6 Capital Markets Day, October 2015, Stuttgart
Slide 7: The PORR Slogan
The PORR Slogan We are a construction company and will always remain a construction company which builds as much as possible by itself! 7 Capital Markets Day, October 2015, Stuttgart
Slide 8: Construction sector at a global level
Construction sector at a global level CONSTRUCTION OUTPUT in 2014 (EUR bn) Australia World: 6,250 billion euro Korea 165 145 Brazil Mexico United 148 128 India King- Canada Russia The 19 EUROCONSTRUCT 244 dom 187 135 countries represent 20 % in 2014 Italy 163 Euro- China construct 35 % France 1,852
Slide 9: GDP vs. Construction Output
GDP vs. Construction Output GDP and Construction Output in the EC countries 3 2.1 2.2 2.2 2 1.0 YoY % change 1 1.7 1.3 1.5 1.6 0.1 0 2013 2014 2015 2016 2017 -1 -2 -3 -2.7 GDP Growth Construction Output Growth *Source: Euroconstruct Country Report June 2015 9 Capital Markets Day, October 2015, Stutt
Slide 10: Market environment
Market environment 128 124 120 116 Austria 112 Germany 108 Switzerland Poland 104 Czech Republic 100 100 Europe as a whole 96 92 88 84 2011 2012 2013 2014 2015 2016 2017 *Source: Euroconstruct Conference November 2014 10 Capital Markets Day, October 2015, Stuttgart
Slide 11: PORR timetable 2011 - 2015
PORR timetable 2011 - 2015 Intelligent Growth 2015 “New world of working” Entrepreneurial thinking Innovation and reduction of bureaucracy 2014 Technical Excellence Spin off of the real estate business PIAG/UBM Start “New world of working” 2013 Confirmation Turn-around Project and cost o
Slide 12: How does "Intelligent Growth" work?
How does “Intelligent Growth” work? Entrepreneurial Internal Value & thinking Cooperation Innovation Customer relations 12 Capital Markets Day, October 2015, Stuttgart
Slide 13: Which markets are we focused on?
Which markets are we focused on? Home markets Project markets Target markets Qatar Saudi Arabia UAE Oman 13 Capital Markets Day, October 2015, Stuttgart
Slide 14: Future trends in the construction industry
Future trends in the construction industry Demographic factors / Urbanisation Consolidation / Anticipating Tomorrow • Urbanisation – the future of cities - drives the • Strengthening core and/or further diversifying need for building infrastructure such as housing, via small and mid-cap companies tr
Slide 15: Digitalisation
Digitalisation • Leading role in the construction industry • Conversion of hardware, large parts of our business processes are already virtualised ("Paperless Construction Site") • Digitalisation well advanced, current priorities: • Communication (LYNC) • Cooperation (SharePoint) • Mobility (mobile
Slide 16: Top Player
Top Player • Only the best companies are successful and profitable • Middle players will reach a break-even result at best • Client orientation, long term client relationships • Using the strengths of an owner driven company o Entrepreneurial, focus on opportunities • Using the strength of the compa
Slide 17: Best place to work
Best place to work • Construction is people business • Only the best companies will attract the best personnel • Employee development • Training, education, career development – PORR academy • De-centralised structure – strengthening employees’ own responsibility • PORR has climbed to one of the TOP
Slide 18: Innovation
Innovation • Front runner in BIM modelling • IT supported applications on the construction site • M2M equipment monitoring system • SAP materials management supporting procurement optimization • Technical innovation e.g. “Slab track Austria“, “New Austrian tunneling method“ 18 Capital Markets Day, O
Slide 19: Health, Safety & Environment
Health, Safety & Environment • Focus in near accidents and unsafe situations 1 30 • Narrowing the base of the accident pyramide 300 • Excellent safety standards set in Qatar 3,000 first-aid • Highest labor camp standards 30,000 near accidents & unsafe situations 19 Capital Markets Day, October 2015,
Slide 20: Risk management starts in the tender process
Risk management starts in the tender process Approval for Project Prequali- tender Kick-off selection fication preparation Tender Final Approval for preparation Submission meeting submission process 20 Capital Markets Day, October 2015, Stuttgart
Slide 21: Criteria for classification as risky projects
Criteria for classification as risky projects • When the forecast is negative • When payments due increase • When the worst case deteriorates 21 Capital Markets Day, October 2015, Stuttgart
Slide 22: Risk management: Early recognition
Risk management: Early recognition Early risk Late risk recognition recognition Project result ( €) Early risk recognition Time Late risk recognition 22 Capital Markets Day, October 2015, Stuttgart
Slide 23: Highlights H1 2015
Highlights H1 2015 Stable Production Production output 1,497mn Euro (+0.5%); stable high level of output for Output YTD period 2014 despite adverse weather conditions Strong Order 4.8bn order backlog; +41% (+659m) increase in order intake over all Situation Business Units Improvement of +27% improve
Slide 24: Consolidated Income statement
Consolidated Income statement1 EUR thd 2012 2013 2013² 2014 1H 2014² 1H 2015 Production output 2,905,634 3,439,092 3,162,079 3,474,885 1,489,212 1,497,045 Revenues 2,314,828 2,694,153 2,630,025 3,009,118 1,340,498 1,321,355 Material costs -1,455,484 -1,761,030 -1,748,711 -2,026,001 -884,906 -849,248
Slide 25: Consolidated Balance Sheet
Consolidated Balance Sheet EUR thd 31.12.2012 31.12.2013 31.12.2014 30.06.2015 Long-term 1,101,407 1,068,659 728,013 782,653 assets Assets Short-term 959,334 1,227,811 1,418,017 1,152,022 assets Total assets 2,060,741 2,296,470 2,146,030 1,934,675 Equity (incl. 322,553 347,662 385,171 369,966 non-co
Slide 26: Four Major BUs Delivering Value Added Along the Value Chain
Four Major BUs Delivering Value Added Along the Value Chain …% 1H 2015 share of production output Business units 1 DACH 55% 2 CEE/SEE 11% 4 Infrastructure 29% 5 Environmental 3% Engineering 1H 2014 854 1,092 1,316 606 1H 2015 826 436 263 393 278 56 167 167 159 53 50 53 Output Intake Output Intake Ou
Slide 27: Intelligent Growth
Intelligent Growth • PORR’s annual growth consists of organic growth and growth through M&A activities at a ratio of approximately 50/50 which is planned to continue in the future • In the last years PORR aquired (parts of) various small and mid size players in its home markets to optimize its value
Slide 28: Key data regarding acquisition of Bilfinger Infrastructure S.A.
Key data regarding acquisition of Bilfinger Infrastructure S.A. Details on the Transaction: EUR 21.5m HEADQUARTERS & SITES Contracting Partner: PORR Bau GmbH Bilfinger Infrastructure S.A. HQ Signing Date: 11 June 2015 Purchase Price: 21.5m EUR Closing Date: 14 August 2015 Two strong Poli
Slide 29: Financing Strategy and Policy
Financing Strategy and Policy • Key target is a stable and sustainable level of liquidity at optimised costs • Targeting an implicit investment grade rating and an equity ratio 20-25% • Broad range of financing instruments with a strong group of core banks and proven access to the Debt Capital Marke
Slide 30: Average coupon of interest bearing debt
Average coupon of interest bearing debt, i.e. bonds (nominal value), bank loans/others and Schuldscheindarlehen 31.12.2014 30.09.2015 24.1% 38.0% 48.2% 75.9% Total: EUR mn 310 13.8% Total: EUR mn 488 Average coupon: 4.6% Average coupon: 3.6% 30 Capital Markets Day, October 2015, Stuttgart
Slide 31: Creating shareholder value
Creating shareholder value Dividends Shareholder Structure Dividend per share (in EUR) CAGR 120% Syndicate: 53.7% Ortner-Group, 50% Strauss-Group 1.50 1.00 0.311 Free Float: 46.3% thereof: Payout 29% 26% 47% tbd ratio1 - Renaissance Construction AG: 5.7% - WIENER STÄDTISCHE Versicherung AG 2012 2013
Slide 32: Key takeaways – PORR Capital Markets Day
Key takeaways – PORR Capital Markets Day Concentration on home markets and core Intelligent Growth business Leading the digital transformation in the Digitalisation construction industry Operational Innovation and high-tech solutions Excellence Assessment of risks, estimation of Risk management chan
Slide 33: Confidence makes the difference.
Confidence makes the difference. 33 Capital Markets Day, October 2015, Stuttgart
Slide 34: Strategy – Q & A Session
Strategy — Q & A Session powered by
Slide 35: Focus Infrastructure
Focus Infrastructure Rainer Rengshausen, Managing Director Tunneling
Slide 36: Content
Content • Markets & Strategy • Civil Engineering and Road Construction • Ground Engineering • Tunneling • Trackworks 36 Capital Markets Day, October 2015, Stuttgart
Slide 37: Markets & Strategy for Infrastructure projects
Markets & Strategy for Infrastructure projects Target markets Home markets • Project approach / strict • Well-established company with a project selection strong profile in its home markets • Clear rules for market • Detailed knowledge about the markets, entry: competitors and clients Project – Part
Slide 38: Civil Engineering and Road Constructions
Civil Engineering and Road Constructions Feglitzbach gallery Felbertauernstraße, Tyrol Building an avalanche gallery as a vault construction without interrupting traffic flow 38 Capital Markets Day, October 2015, Stuttgart
Slide 39: Civil Engineering and Road Constructions
Civil Engineering and Road Constructions ÖBB-Inn Bridge Landeck, Tyrol Overhauling the support structure and renovating the viaducts on both sides. The old steel truss bridge was replaced by a steel arched bridge with reinforced concrete bonding plates and cast in-situ. 39 Capital Markets Day, Octob
Slide 40: Civil Engineering and Road Constructions
Civil Engineering and Road Constructions Prater traffic hub Vienna Infrastructure, road construction Bridge surface: 13,000 m² Construction period: 2014–2016 40 Capital Markets Day, October 2015, Stuttgart
Slide 41: Civil Engineering and Road Constructions
Civil Engineering and Road Constructions Emscher Sewer Rhine-Herne Castrop-Rauxel, Germany Construction of a new outflow structure in reinforced concrete to replace the old culvert. The old culvert was removed upon completion of the new outflow. 41 Capital Markets Day, October 2015, Stuttgart
Slide 42: Civil Engineering and Road Constructions
Civil Engineering and Road Constructions Main Station Vienna Central hub on the Trans- European rail network Around 1,000 trains and 145,000 people per day 42 Capital Markets Day, October 2015, Stuttgart
Slide 43: Ground Engineering
Ground Engineering Diaphragm Walls 2006: Metro Line U3, Munich 2004: Large scale sewage project, Vienna 2010: Danube City Tower 1, Vienna 43 Capital Markets Day, October 2015, Stuttgart
Slide 44: Ground Engineering
Ground Engineering Bored Piles 2009: Sava Bridge, Belgrade (Serbia) 2006: Railway Bridge over the River Danube, Krems (AT) 2010: 2010: DC 1 Tower Main Railway CFA piles, Vienna Station, Vienna (Austria) (Austria) 44 Capital Markets Day, October 2015, Stuttgart
Slide 45: Ground Engineering
Ground Engineering Jet Grouting 2007: ÖBB Railway Bridge 2006: Residential Building in 2008: Palais Liechtenstein in the heart of Vienna Vienna 45 Capital Markets Day, October 2015, Stuttgart
Slide 46: Ground Engineering
Ground Engineering Sheet Piles & VIB Walls 1998: PORR 2005: Brenner Railway – Cut and Cover Tunnel Office Building, Vienna 2008: Residen- 2006: 2006: HPP Danube, tial Brenner Greifenstein Building, Railway, Munich Tyrol 2009: Funder Carinthia 46 Capital Markets Day, October 2015, Stuttgart
Slide 47: Ground Engineering
Ground Engineering Anchoring, Soil Nailing, Micropiling, Soil Mixing 47 Capital Markets Day, October 2015, Stuttgart
Slide 48: Tunneling
Tunneling Metro Doha Green Line 48 Capital Markets Day, October 2015, Stuttgart
Slide 49: Tunneling
Tunneling Metro Doha Green Line 49 Capital Markets Day, October 2015, Stuttgart
Slide 50: Tunnel Albaufstieg
Tunneling Tunnel “Albaufstieg” NBS PA 2.2 Bahnprojekt Stuttgart-Ulm Albaufstiegstunnel Baden-Württemberg, Germany Two single-track tunnel tubes (L = 8.8 km each) were constructed. 2.8 km of each tunnel were TBM-driven. 6 km of each tunnel were conventionally driven. The works included connecting str
Slide 51: Fildertunnel, Tunnel Ober-/Untertürkheim
Tunneling Fildertunnel, Tunnel “Ober- / Untertürkheim” Stuttgart 21 – Lot 1A Fildertunnel Stuttgart 21 – Lot 1B Tunnel “Ober-/ Untertürkheim“ Stuttgart, Germany Stuttgart, Germany Two single-track tunnel tubes were constructed with a Construction of two single-track tunnel tubes of 5.6 km length of
Slide 52: Koralmbahntunnel KAT 3
Tunneling “Koralmbahntunnel” KAT 3 Koralmtunnel – Lot KAT 3 Carinthia/Styria, Austria Tunneling: 23 km (12 km TBM, 11 km conventional) Construction period: 2013–2020 52 Capital Markets Day, October 2015, Stuttgart
Slide 53: Emscher Sewer Tunnel AKE BA40
Tunneling Emscher Sewer Tunnel “AKE BA40” Emscher canal – Lot 40 Bottrop, Germany Europe’s largest wastewater project Tunnel tubes: 20 km, shafts: 14 Constr. period: 2013–2018 53 Capital Markets Day, October 2015, Stuttgart
Slide 54: Slab track system – Slab Track Austria
Trackworks Slab track system – Slab Track Austria Jointly developed by the Austrian Railway Corporation (ÖBB) and PORR. Slab Track Austria STA, also known as ÖBB– PORR elastically supported slab. It has been the standard slab track system in Austria since 1995 and has been built in Germany since 200
Slide 55: Trackworks
Trackworks Metro Doha Green Line 55 Capital Markets Day, October 2015, Stuttgart
Slide 56: High speed line VDE 8.2 Erfurt-Halle/Leipzig
Trackworks High speed line VDE 8.2 Erfurt-Halle/Leipzig VDE 8.2 Erfurt-Halle/Leipzig Saxony-Anhalt/Thuringia, Germany High-speed line Length: 180 km slab track system Construction period: 2011–2015 56 Capital Markets Day, October 2015, Stuttgart
Slide 57: Berlin Main Railway Station
Trackworks Berlin Main Railway Station Berlin Main Railway Station East-West- and North-South-Connection Berlin, Germany Slab Track System for main station and connecting bridges and tunnel East-West Connection: STA on 25 bridges, 4 turnouts in slab track, 6 rail expansion joints (breather switches)
Slide 58: Tauern Tunnel + Lainzer Tunnel
Trackworks Tauern Tunnel + Lainzer Tunnel Lainzer Tunnel (Final Stage) Vienna, Austria Implementation of 18 km STA Constr. period 2010-2012 Tauern Tunnel Austria 10 km modernisation (STA) of both tracks. Constr. period 2002-2003. 58 Capital Markets Day, October 2015, Stuttgart
Slide 59: Infrastructure – Q & A Session
Infrastructure – Q & A Session
Slide 60: Focus Qatar / KSA / Oman
Focus Qatar / KSA / Oman Thomas Stiegler, Member Executive Board - International
Slide 61: Market Overview GCC
Market Overview GCC QATAR KSA OMAN UAE Total area: 11,610 km² 2,149,690 km² 309,500 km² 83,600 km² Population (2014): 2.2 m 30.8 m 4.1 m 9.3 m Capital: Doha Riad Maskat Abu Dhabi GDP (2014)*: 210 bn USD 752.5 bn USD 77.8 bn USD 401.6 bn USD GDP growth (2014): 6.1 %* 3.6 %* 2.9 %* 3.6 %* Market entry
Slide 62: Strategy – PORR International
Strategy – PORR International Rapid expansion: Core competences in tunnels and railways, technology driven and focusing on major projects Syria Iraq Iran Qatar UAE Egypt Riyadh Doha Dubai Kingdom of Saudi Arabia Abu Dhabi Muscat Jeddah Oman 62 Capital Markets Day, October 2015, Stuttgart
Slide 63: Strategy – PORR International
Strategy – PORR International Huge potential in tunnels and railways Al Haditha Metro/Tunnel Opportunities KWT Railway/Slab Track Opportunities KSA Kuwait City Ras Al-Khar Dammam BH UAE Medina QA Doha Dubai Riyadh Abu Dhabi Al Ain Jeddah Muscat Mecca Duqm Salalah OM 63 Capital Markets Day, October 2
Slide 64: Footsteps into GCC markets
Footsteps into GCC markets Massive construction expansion – high demand in PORR Technologies 1st Contract with Qatar Railway PORR Saudi Branch, Jeddah “Enabling Works” – Utility and is established Enabling Works for Doha Metro JV HBK – SBG – PORR 3rd Contract with Qatar Railway Total Contract
Slide 65: Enabling Works for Metro Doha, Qatar
Enabling Works for Metro Doha, Qatar “HSP Enabling Works” Utility and Enabling Works for Doha Metro JV HBK – SBG – PORR Total Contract Volume: EUR 100 m Construction Period: 2011 – 2015 65 Capital Markets Day, October 2015, Stuttgart
Slide 66: Green Line Underground, Qatar
Green Line Underground, Qatar “PSH Green Line Underground” 2 x 16.6 km Underground Tunnel 6 Stations and 6 TBMs JV PORR – SBG – HBK (Lead PORR) Total Contract Volume: EUR ~ 1.9 bn PORR Share: 50% Construction Period: 6/2013 – 6/2018 66 Capital Markets Day, October 2015, Stuttgart
Slide 67: Green Line Underground, Qatar
Green Line Underground, Qatar New Trough Convention Center Education City SE Trough / New Switchbox C-Ring Al Qadeem Sports R/A Al Messila Switchbox Musheireb 67 Capital Markets Day, October 2015, Stuttgart
Slide 68: Green Line Underground, Qatar
Green Line Underground, Qatar Key facts (September 2015) • 18.3 m working hours with no major accident • 1,800,000 m³ excavation; 16,000 segment rings produced out of 20,500 • 60 % of TBM drive finished • Overall performance > 40 %; completion date achievable Station THE WHITE PALACE Station HAMAD H
Slide 69: Green Line Underground, Qatar
Green Line Underground, Qatar Labour Camp 69 Capital Markets Day, October 2015, Stuttgart
Slide 70: Green Line Elevated, Qatar
Green Line Elevated, Qatar “SPH Green Line Elevated” 3.7 km long elevated railway JV SBK– PORR– HBK Total Contract Volume: EUR ~ 180 m Construction Period: 2014 – 2018 70 Capital Markets Day, October 2015, Stuttgart
Slide 71: Slab Track Project Metro Doha, Qatar
Slab Track Project Metro Doha, Qatar Precast Factory Doha Metro Map “Slab Track” Total Length Mainline: 165,772 m (Undergroud 133,147 m / At Grade 6,896 m / Elevated 25,729 m) Turnouts: 6,970 m Total Number of Slabs: 41,870 pcs Commencement Date: 12/08/2015 Completition Date: 31/05/2018
Slide 72: Slab Track Project Metro Doha, Qatar
Slab Track Project Metro Doha, Qatar Typical Cross-Sections 72 Capital Markets Day, October 2015, Stuttgart
Slide 73: Lateral Interceptor Sewers, Qatar
Lateral Interceptor Sewers, Qatar Micro-Tunneling Equipment Shaft Excavation “Lateral Interceptor Sewers (IDRIS)” 21.3 km of Micro-Tunneling Works 47 vertical Shafts for up depth of 50 m JV PORR – HBK Total Contract Volume: EUR ~ 142 m Construction Period: 2015 – 2017 RC Pipes Production F
Slide 74: Project Pipeline
Tunnel Railway Slab Track Civil Works Deep Foundation Project Pipeline Al Rayyan Interchange – Highway with 3 intersections QA Long Distance Railway – Doha to KSA Border Sharq Crossing – Submerged Tunnel Metro Jeddah KSA Landbridge Project OM Oman Railway Deep Tunnel Storm Water System UAE Dubai Met
Slide 75: PORR – Top Standing in the GCC Region
PORR – Top Standing in the GCC Region High demand Well established in the and investments in Middle East Region transportation and within 4 years with infrastructure excellent know-how and in the GCC region market knowledge Collaboration Public clients with with the good payment best local attitude
Slide 76: Green Line, Qatar
Green Line, Qatar 76 Capital Markets Day, October 2015, Stuttgart
Slide 77: International – Q & A Session
International — Q & A Session powered by
Slide 78: Focus Stuttgart Projects
Focus Stuttgart Projects Hans Köhler, Managing Director Tunneling
Slide 79: PORR-Projects: Stuttgart - Ulm
PORR-Projects: Stuttgart - Ulm Stuttgart Ulm Ober- /Untertürkheim 5,600m Steinbühltunnel 4,850 m Boßlertunnel 8,814 m Fildertunnel 9,300 m Ober- /Untertürkheim Filstalbridge 485 m Ramps 29.8 km Tunnelling 28.3 km Tunnelling PFA 1.2 Lot 1A - Fildertunnel PFA 2.2 Albaufstieg PFA 1.6a Lot 1B Zuführung
Slide 80: Client: Contractor construction
Chapter 01 Client: Contractor construction represented by Projekt Stuttgart-Ulm GMBH PSU 37% 21% 21% 21% 80 Capital Markets Day, October 2015, Stuttgart
Slide 81: Albaufstieg: Construction lots 1 to 3
Chapter 02 Albaufstieg: Construction lots 1 to 3 Lot 3 4,847 m Lot 1 3,706 m Lot 2 5,100 m 81 Capital Markets Day, October 2015, Stuttgart
Slide 82: Albaufstieg: Project development - construction
Chapter 02 Albaufstieg: Project development - construction Timetable • Contract /contract start 17 October 2012 planning phase and construction site equipment • Start of construction March 2013 • Start of excavation Steinbühltunnel June 2013 • Start of excavation Boßlertunnel July 2013 access tunnel
Slide 83: Project: Key Dates
Chapter 03 Project: Key Dates Los 1 (Portal Aichelberg) + Los 2 Los 3 Boßlertunnel with access Umpfental Steinbühltunnel Tunnel length 2 x 8,806 m 2 x 4,847 m Access tunnel Umpfental 960 m Total length – tunnel tubes ………………………………… 28,266 m ……………………………………… Excavation method Tunnelboringmachine/NATM N
Slide 84: Site Installation: Steinbühltunnel, lot 3
Chapter 04 Site Installation: Steinbühltunnel, lot 3 Advance to Filstal Excavation Pfaffenäcker Concrete plant Motorway BAB 8 exit and Conveyor access system Südportal Material management Workshop equipment Site office Watercourse protection facility Accommodation facilities for ARGE employees 84 Ca
Slide 85: Site Installation: Umpfental, lot 2, Boßlertunnel
Chapter 04 Site Installation: Umpfental, lot 2, Boßlertunnel Watercourse protection facility Concrete plant Workshop Watercourse protection facility Access tunnel 85 Capital Markets Day, October 2015, Stuttgart
Slide 86: Site Installation: Boßlertunnel, lot 1
Chapter 04 Site Installation: Boßlertunnel, lot 1 North-portal Boßlertunnel Weilheim Site office Segments production Aichelberg A8 Stuttgart 86 Capital Markets Day, October 2015, Stuttgart
Slide 87: Site Installation: Production of segmental lining
Chapter 04 Site Installation: Production of segmental lining Green field Production 5 months ! > 50,000 segments > 7,000 rings 87 Capital Markets Day, October 2015, Stuttgart
Slide 88: Health/Safety: Accident counter - documentation
Chapter 05 Health/Safety: Accident counter - documentation 88 Capital Markets Day, October 2015, Stuttgart
Slide 89: Steinbühltunnel: Geology
Chapter 06 Steinbühltunnel: Geology Baugrube Pfaffenäcker Zwischenangriff 89 Capital Markets Day, October 2015, Stuttgart
Slide 90: Steinbühltunnel: Advance NATM
Chapter 06 Steinbühltunnel: Advance NATM Advance top heading 90 Capital Markets Day, October 2015, Stuttgart
Slide 91: Steinbühltunnel: Advance NATM – Blasting
Chapter 06 Steinbühltunnel: Advance NATM Blasting 91 Capital Markets Day, October 2015, Stuttgart
Slide 92: Steinbühltunnel: Advance NATM – Advance bench
Chapter 06 Steinbühltunnel: Advance NATM Advance bench 92 Capital Markets Day, October 2015, Stuttgart
Slide 93: Steinbühltunnel: Advance - Karst
Chapter 06 Steinbühltunnel: Advance - Karst 93 Capital Markets Day, October 2015, Stuttgart
Slide 94: Steinbühltunnel: Break through
Chapter 06 Steinbühltunnel: Break through 21.09.2015 June 2013 to September 2015: 9.500m 94 Capital Markets Day, October 2015, Stuttgart
Slide 95: Steinbühltunnel: Inner lining
Chapter 06 Steinbühltunnel: Inner lining 95 Capital Markets Day, October 2015, Stuttgart
Slide 96: Filstal: Filstal Bridge Joint venture
Chapter 07/08 Filstal: Filstal Bridge Contractor Joint venture Filstalbridge Steinbühltunnel Boßlertunnel 96 Capital Markets Day, October 2015, Stuttgart
Slide 97: Boßlertunnel: Geology
Chapter 08 Boßlertunnel: Geology Lot 1 3,706m Lot 2 5,100m 97 Capital Markets Day, October 2015, Stuttgart
Slide 98: Boßlertunnel: Exploration shaft-crossing
Chapter 08 Boßlertunnel: Exploration shaft-crossing ULM Access tunnel Stuttgart Shaft 50m Exploration tunnel 98 Capital Markets Day, October 2015, Stuttgart
Slide 99: Boßlertunnel: Exploratory shaft
Chapter 08 Boßlertunnel: Exploratory shaft Strata exploration for optimisation advance TBM 99 Capital Markets Day, October 2015, Stuttgart
Slide 100: Boßlertunnel: TBM
Chapter 08 Boßlertunnel: TBM Start advance: 14.04.2015 TM 2,500m in September 2015 Machine type EPB Installed power 8.000 kW Theoretical advance rate 100 mm/min Thrust force - 52 Zylinder 127,000 kN Length TBM + back up 115 m Diameter of cutterhead 11,34 m TBM power = Total weight 2,500 to 2,500 h
Slide 101: Boßlertunnel: TBM
Chapter 08 Boßlertunnel: TBM 101 Capital Markets Day, October 2015, Stuttgart
Slide 102: Boßlertunnel: TBM
Chapter 08 Boßlertunnel: TBM 102 Capital Markets Day, October 2015, Stuttgart
Slide 103: Albaufstieg: Status of project - September 2015
Chapter 09 Albaufstieg: Status of project - September 2015 103 Capital Markets Day, October 2015, Stuttgart
Slide 104: Albaufstieg - Site Visit
Albaufstieg - Site Visit 104 Capital Markets Day, October 2015, Stuttgart