Porr Ag · VIE:POS
Porr — FY2016 Earnings Presentation
32 slides from Porr's earnings presentation, April 2017
Slide 1: PORR AG Investor Presentation April 2017
PORR AG FYQ3 2016 2016 Intelligent NEW Building... BUILDING 1H 2016 of PORR AG Investor Investor Presentation Presentation April 2017 2016 November Investor Presentation August 2016
Slide 2: Disclaimer
Disclaimer • This presentation was prepared by PORR AG (the "Company") solely for use at investors’ meetings and is provided solely for informational purposes. • This presentation dates from April 2017. The facts and information contained herein might be subject to revision in the future. Neither th
Slide 3: Highlights
01 Highlights Investor Presentation ● April 2017 ● Page 3
Slide 4: Solid Performance of Home Markets
Solid Performance of Home Markets +11.4% +8.8% Continued growth of Consistent increase production output in revenue 87% +4.9% of production output High order backlog of generated in strong EUR 4.8bn home markets Investor Presentation ● April 2017 ● Page 4
Slide 5: Healthy Balance Sheet and Net Cash Generation
Healthy Balance Sheet and Net Cash Generation Healthy Balance Sheet – High Liquidity Healthy balance sheet facilitates flexibility in operations and investments EBT +12% Net Cash enhanced operational performance through EUR 53m effective cost management Investor Presentation ● April 2017 ● Page 5
Slide 6: Key Figures FY 2016
Key Figures FY 2016 EUR m Change. 31.12.2015 31.12.2016 (FY 15 – FY 16)2 Production output1 3,524 3,925 11.4% Order intake 4,045 4,150 2.6% Order backlog 4,579 4,804 4.9% Revenue 3,140 3,417 8.8% EBITDA 166 187 12.9% EBITDA3 % 4.7 4.8 EBT 81 91 12.3% EBT3 % 2.3 2.3 Profit for the period 61 67 9.5% E
Slide 7: Markets & Strategy
02 Markets & Strategy Investor Presentation ● April 2017 ● Page 7
Slide 8: PORR Construction Markets Show Stable Growth Prospects
PORR Construction Markets Show Stable Growth Prospects Market Volume & Approach EUR 1,471bn Home markets Total construction • Well-established with a strong profile in the home markets volume in Europe • Detailed knowledge of the market, competitors and clients • Full service provider on these marke
Slide 9: Overview of Construction Markets
Overview of Construction Markets Order intake of construction sector (Europe) Order intake of main construction trades (Germany) Europe: Order intake (EU survey) Europe: 12 months moving weighted average Order intake main construction trades Order intake civil engineering Order intake housing Order
Slide 10: PORR Strategy - Unchanged
PORR Strategy - Unchanged Intelligent Growth Leading role in home markets Profitable 3% Not the biggest, project markets sustainable but the best Promising EBT margin target markets Focus on earnings Strict cost & risk Strong capital base instead on output management Leading role in Excellent Best p
Slide 11: Efficient Organisation with Powerful Business Units
Efficient Organisation with Powerful Business Units Investor Presentation ● April 2017 ● Page 11
Slide 12: Germany: The Market of the Future
Germany: The Market of the Future M&A Activities in Germany PORR in Germany FY 2016: • Production output EUR 802 m • Order backlog EUR 1,350 m • Order intake EUR 858 m • Staff ~ 3,000 • Brand name “Frankipfahl” • North German Market • Special competencies facilitate business expansion • Civil engine
Slide 13: Germany: The Market of the Future
Germany: The Market of the Future • Clear growth strategy - Organic growth and small acquisitions • General contractor and design-build services for German industry • Benefiting from the German infrastructure refurbishment boom Investor Presentation ● April 2017 ● Page 13
Slide 14: M&A Activities since 2012
16 M&A Activities since 2012 Control and steering mechanisms Shares in mixing plants of Alpine Grund- Pfahl und Sonderbau Geotechnik Bilfinger Infrastructure PWW Holding Systems (PORR Polska Infrastructure) 2012 2013 2014 2015 2016 2017 UBM Realitätenentwicklung bpp Bautechnik „hospitals“ Projektent
Slide 15: Roadmap 2020: The Path to a Paperless Construction Site
Roadmap 2020: The Path to a Paperless Construction Site Digitalisation of internal workflows e-billing, e-commerce, standardized workflows • Helps to manage and utilize key information more efficiently • Enables new opportunities to work leaner & faster • E.g. Smart Invoice: a new tool for processin
Slide 16: Market Situation after Digitalisation of Construction Industry
Market Situation after Digitalisation of Construction Industry Control and steering mechanisms Investor Presentation ● April 2017 ● Page 16
Slide 17: PORR Diversity-Initiative Started in 2016
PORR Diversity-Initiative Started in 2016 Equal opportunities across all organisational levels and countries Work&Life@PORR • Flexible models of working hours and leave • Caring for families and the elderly Women@PORR • Promotion of women (special training) PORR Academy • Additional attractive train
Slide 18: Stable Shareholder Structure: Syndicate 53.7%
Stable Shareholder Structure: Syndicate 53.7% Investor Presentation ● April 2017 ● Page 18
Slide 19: Operational Performance
03 Operational Performance Investor Presentation ● April 2017 ● Page 19
Slide 20: Increased Production Output and Strong Order Intake
Increased Production Output and Strong Order Intake …% share of production output1 Business Units* 1 A/CH/CZ 54% 2 Germany 12% 3 International 28% 4 Environmental 5% Engineering, Health- care & Services 1,907 2,125 2,250 2,224 1,077 1077 1,082 1082 1,131 1131 1,112 1112 448 448 505 505 374 456 219 2
Slide 21: Solid Order Backlog: Increase of 4.9%
Solid Order Backlog: Increase of 4.9% Order backlog and TOP 15 projects in FY 2016 Selected projects Country EUR m1 Entry POC Metro Doha "Green Line" QA 944 Jun-13 67.8% Bratislava road D4-R7 SK 300 Jun-16 1.8% KAT 3 Koralm Tunnel AT 297 Jun-13 41.0% "Stuttgart 21" Filder Tunnel DE 266 Jul-11 40.5%
Slide 22: Order Intake With a Balanced Project Size
Order Intake With a Balanced Project Size Order intake and TOP 12 projects in FY 2016 Selected projects Country EUR m1 Entry Bratislava motorway D4-R7 SK 300 Jun-16 Al Wakrah Stadium QA 202 Feb-16 Order intake in EUR m Europaallee ZH Lot F CH 130 Feb-16 +106 Expressway S 6 Koszalin PL 99 Mar-16 (+2.
Slide 23: Comprehensive Control and Steering Mechanisms Established
Comprehensive Control and Steering Mechanisms Established Control and steering mechanisms Investor Presentation ● April 2017 ● Page 23
Slide 24: Financial Section
04 Financial Section Investor Presentation ● April 2017 ● Page 24
Slide 25: Consolidated Income Statement
Consolidated Income Statement in EUR thousand 31.12.2014 31.12.2015 31.12.2016 ∆% Production output1 3,474,885 3,523,752 3,925,339 +11.4% Revenue 3,009,118 3,139,687 3,417,100 +8.8% Share of p/l of companies accounted 66,156 46,233 46,252 +0.0% for under the equity method Material costs + Purchased
Slide 26: Statement of Financial Position
Statement of Financial Position in EUR thousand 31.12.2014 31.12.2015 31.12.2016 Non-current 728,013 715,871 799,689 assets Assets Current assets 1,418,017 1,588,126 1,560,775 Total assets 2,146,030 2,303,997 2,360,464 Equity (incl. 412,118 440,872 385,171 non- controlling interests) Liabi- Non-curr
Slide 27: Key Takeaways
05 Key Takeaways Investor Presentation ● April 2017 ● Page 27
Slide 28: Consistent Key Strategic Priorities
Consistent Key Strategic Priorities 1 Continued focus on home markets Strong home base supported by technological excellence 2 Growth opportunities in export products New project markets, e.g. Scandinavia, in tunnelling, bridge construction, Slab Track and foundation engineering 3 Creating value thr
Slide 29: Backup
06 Backup Investor Presentation ● April 2017 ● Page 29
Slide 30: IR Information for PORR AG
IR Information for PORR AG Share Information Financial Calendar 2017 1 Share price EUR 33.31 25.04.2017 Annual Financial Report 2016 25.04.2017 Press conference Market capitalisation EUR 969.2m 23.05.2017 137th Annual General Meeting Official market Vienna Stock Exchange 30.05.2017 Q1 2017 Prime Mar
Slide 31: Sustainable Dividend Policy
Sustainable Dividend Policy Dividends Dividends per share1 (in EUR) 0.50 1.104 1.00 0.75 0.50 0.16 2012 2013 2014 2015 2016 Dividend 1.66% 4.00%2 3.37%2 5.37%3 2.83% yield 1 Adjusted to share split 2015 to allow better comparison 2 Restated excl. discontinued operations 3 Dividend yield including sc
Slide 32: Your Questions
07 Your Questions Investor Presentation ● April 2017 ● Page 32