Koninklijke Heijmans N.V. · EURONEXT:HEIJM
Koninklijke Heijmans — Shareholder Meeting (April 2016)
20 slides from Koninklijke Heijmans's shareholder meeting presentation, Apr 13, 2016
Slide 1: Annual General Meeting of Shareholders
Annual General Mee+ng of Shareholders Bert van der Els, chairman Execu+ve Board Heijmans N.V. 13 April 2016 Verkadefabriek, ’s-Hertogenbosch
Slide 2: A4 Delft-Schiedam
A4 DelD-‐ Schiedam
Slide 3: 2015: negative result, improvements visible in second half of the year
2015: nega+ve result, improvements visible in second half of the year Residen+al: recovery and growth, Heijmans benefits Non-‐residen+al: poor market, opportuni+es for service and maintenance Infra: result below standard but also good progress
Slide 4: Key figures 2015
Key figures 2015 Key figures (x € 1 million) H2 2015 2015 2014 Revenues 1.057 1.979 1.868 Underlying operating result* 6 -5 -12 Operating result -13 -29 -64 Result after tax -12 -27 -47 Order book 2.094 2.094 2.287 Net debt 10 10 31 Number of FTE 6.582 6.582 7.034 * Underlying operating result is ope
Slide 5: Key figures 2015
Key figures 2015 • Revenues + 6% to € 2.0 bln; • Number of houses sold + 33% to 1.791; • Result Property Development and Residen+al improved to € 15 mln; • Solid profit contribu+on Belgium and Germany of € 15 mln; • Order book slightly decreased to € 2.1 bln; • Result Infra Netherlands -‐/-‐ € 26 ml
Slide 6: 2015 – Result per sector
2015 – Result per sector Underlying operating result x € 1 million H2 2015 2015 2014 Property development 5 9 4 Residential - Netherlands 2 5 0 Residential - Belgium 1 1 2 Residential - Total 3 6 2 Non-residential 2 0 0 Infra - Netherlands -11 -26 -22 Infra - Belgium 4 7 11 Infra - Germany 6 7 2 Inf
Slide 7: Key issues 2015
Key issues 2015 • Completed projects: +mely commissioning of A4 and Timmerhuis; • Safety: clear improvement due to internal GO! programme: > Decrease number of accidents and IF figure NL to 3.9 in 2015 (2014: 5.6); • ‘Sub 10’ equity issue, € 21 mln proceeds; > Cumula+ve preference shares reduced to €
Slide 8: Timmerhuis, Ronerdam
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Slide 9: Markets: Property Development & Residential Building
Markets: Property Development & Residen+al Building • Strong recovery of Property Development & Residen+al Building markets, especially in ‘Randstad’ area; • Further margin improvements due to +ghtened, uniform produc+on processes and improved sales prices; • ‘Heijmans Huismerk’ and ‘Heijmans Wenswo
Slide 10: Markets: Non-residential
Markets: Non-‐residen+al • Market for non-‐residen+al building remains poor; • Perspec+ve in several niches and within asset management and service & maintenance; • Strong price pressure due to relentless compe++on; • Growing demand for data centers and laboratories, several projects acquired; • R
Slide 11: Markets: Infrastructure
Markets: Infrastructure • Market remains very challenging, risk distribu+on not yet in balance; • Strong compe++on, limited compe++ve edge, too much capacity; • Higher level of market concentra+on required; • Market vision determined in coopera+on with a.o. RWS: room for innova+on and sustainability
Slide 12: Infra Netherlands
Infra Netherlands • Turnover appr. € 700 mln, divided into: -‐ Regional projects & Asset management ~40% -‐ Special+es ~20% -‐ Big Projects ~40% • Big Projects: -‐ Integrated -‐ Roads -‐ Civil • Loss making are 5-‐10 projects, acquired in 2012 – 2013; • To be completed mainly throughout 2016;
Slide 13: Improving control of big projects
Improving control of big projects Market Tendering More risks to contractors / / Acquisi+on many compe4tors Risk and cost price assessment Background of issues Execu+on & Contract Organisa+on Management Focus Tender management Suitable Partnerships Design costs Improvement measures Market vision Sta
Slide 14: Markets – Germany & Belgium
Markets – Germany & Belgium! • Germany – Improvement of turnover and results, especially Oevermann; – Effects of completed restructurings visible in margin development; – 2015 strong year for Non-‐residen+al with strong focus on selected customers. • Belgium – 2015 good year with decent development
Slide 15: 2015 – To improve
2015 – To improve Tightening and implementa+on of processes and procedures • Con+nuing GO! programme: the target remains zero accidents! • Implementa+on of new ERP plavorm (SAP) on schedule, most subsidiaries currently connected; • Process tender management incl. ‘Go / No Go’ decisions company wide
Slide 16: 2015 – To renew
2015 – To renew Focus to renew -‐ Heijmans Technology: Together with selected partners (a.o. ABB, CISCO, ENECO) • Heijmans ONE’s to house singles on temporary inner-‐city loca+ons; • Development of sustainable homes with Wifi, home control and low EPC score; • Heijmans BrainJoint (expansion joint f
Slide 17: Financing
Financing • Compliant with all financial covenants throughout the year; • Impact by sector wide events; • As of April 1, commined facility of € 256 mln with expiry date of June 30, 2018; • Refinancing currently effectuated, as per earlier announcement Van Lanschot has exited the banking syndicate as of
Slide 18: Outlook
Outlook • Con+nuing posi+ve trend residen+al market, Heijmans well posi+oned; • Gradual improvements Non-‐residen+al and Infra, markets remain challenging; • Solid performance Germany and Belgium; • Heijmans will con+nue strategy ‘To improve and renew’; -‐ Improve the Core -‐ Integrated approach
Slide 19: Disclaimer
# Disclaimer This presenta+on has been prepared by and is the responsibility of Heijmans N.V. This presenta+on is being supplied to you solely for your informa+on and use at the presenta+on which will be or was held on April 13, 2016. The informa+on may not be further distributed or passed on to oth
Slide 20: heymans
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