Deme Group Nv · EURONEXT:DEME
Deme Group Nv — Investor Presentation (December 2024)
48 slides from Deme Group Nv's investor presentation, December 2024
Slide 1: The World Is Our Project - IR Deck 4Q24
THE WORLD IS OUR PROJECT IR DECK 4Q24 November-December 2024 DEME
Slide 2: Agenda
AGENDA 01 Introduction to DEME & its activities 02 Group Financial Highlights 03 ESG & Safety 04 Appendix INVESTOR RELATIONS DEME 2
Slide 3: DEME, a global marine solution provider
DEME, A GLOBAL MARINE SOLUTION PROVIDER Market leading Growth One of the ESG and safety Attractive Diversified in healthy trajectory largest and most at the core of financial profile portfolio of segments with supported by technologically DEME’s activities supported by a activities high barriers to
Slide 4: A global marine solution provider
... A GLOBAL MARINE SOLUTION PROVIDER 150 years Solid financial performance leadership in marine contracting works maintaining a robust balance sheet +5,600 Highly skilled professionals Extensive fleet of 100+ vessels Growth trajectory driven by secular underlying trends Active in more than Market l
Slide 5: Offering solution for global challenges
... OFFERING SOLUTION FOR GLOBAL CHALLENGES Building a more liveable world Global Growing Increasing environmental population & maritime challenges urbanisation trade activity Innovative solutions provided through 4 different segments OFFSHORE DREDGING & ENVIRONMENTAL CONCESSIONS ENERGY INFRA INVEST
Slide 6: Leader in offshore energy, dredging, marine infrastructure and environmental solutions
AND LEADER IN OFFSHORE ENERGY, DREDGING, MARINE INFRASTRUCTURE AND ENVIRONMENTAL SOLUTIONS OFFSHORE ENERGY DREDGING & INFRA ENVIRONMENTAL CONCESSIONS Unrivalled track record in construction Almost 150 years of knowhow and Innovative solutions for soil remediation, Developing, building and operating
Slide 7: Offshore Energy
Luchtfoto Orion OFFSHORE ENERGY INVESTOR RELATIONS DEME 7
Slide 8: DEME Offshore Energy supports the energy transition
DEME OFFSHORE ENERGY SUPPORTS THE ENERGY TRANSITION NON- ~85% of RENEWABLES ~15% of RENEWABLES Turnover & NUCLEAR turnover 2000 Start offshore wind activities +15k MW Capacity of installed wind turbines 1.5bn euro OFFSHORE WIND FARMS DECOMMISSIONING & HYDROCARBONS • 350 successfully executed project
Slide 9: Broad service offering
BROAD SERVICE OFFERING Providing flexible solutions for the most demanding offshore wind projects ROCK FOUNDATIONS CABLES TURBINES PLACEMENT Global pioneering market Leading specialized and 20+ years of expertise as Commanding 1/3rd of the leader with agnostic market player undisputed market leader
Slide 10: One of the most technologically advanced fleet
ONE OF THE MOST TECHNOLOGICALLY ADVANCED FLEET Driven by continuous investments FOUNDATIONS CABLES ROCK PLACEMENT ORION GREEN JADE VIKING NEPTUN YELLOWSTONE • DP3 floating installation vessel • DP3 floating installation vessel • DP3 cable laying vessel • Fallpipe vessel • 5,000-ton lifting capacity
Slide 11: Offshore Energy key projects 2024
OFFSHORE ENERGY Key Projects 2024 INNOVATION A • DP2 jack-up vessel MORAY WEST (900 MW) • 1,500-ton lifting capacity 29 monopiles foundations A DOGGER BANK A & C (3.6 GW) ORION Inter-array cables & rock dumping • DP3 floating installation A vessel A • 5,000-ton lifting B NEARTH NA GAOITHE capacity (
Slide 12: Ile d'Yeu and Noirmoutier
ILE D’YEU AND NOIRMOUTIER INVESTOR RELATIONS DEME 12
Slide 13: Ile de Yeu et Noirmoutier
ILE DE YEU ET NOIRMOUTIER Major French offshore project France, Loire Atlantique Project characteristics Requires same innovative drilling technology Customer: EMYN (Ocean Winds, Sumitomo (MODIGA) as applied in Saint Nazaire, further corp and La Banque des Territoires and Vendée Energie) improved an
Slide 14: Dredging & Infra
DREDGING & INFRA INVESTOR RELATIONS DEME 14
Slide 15: Global dredging powerhouse
GLOBAL DREDGING POWERHOUSE Complemented by Infra activities in core markets DREDGING INFRA ACTIVITIES: ACTIVITIES: 1.6bn euro Capital and Land reclamation Turnover (2023) Inland waterway Port construction maintenance infrastructure dredging 298m euro Marine aggregates Coastal protection EBITDA (2023
Slide 16: One of the more advanced and versatile fleet in the world
ONE OF THE MORE ADVANCED AND VERSATILE FLEET IN THE WORLD Driven by continuous investments CUTTER DREDGER HOPPER DREDGER SPARTACUS AMBIORIX BONNY RIVER SCHELDT RIVER 3 • World’s largest CSD1 • Operates in heavy soil and rock • Dredges hard soils and in deep • KNVTS Ship of the Year 2018 • Dual fuel
Slide 17: Dredging & Infra key projects 2024
DREDGING & INFRA Key Projects 2024 A A OOSTERWEEL PRINCESS Completion of Antwerp ring ELISABETH ISLAND road, including construction of World’s first artificial energy C immersed tunnel in the Scheldt island river A B D B C F KIEL CANAL LONDON G Widening of the Kiel Canal GATEWAY PORT towards the Elb
Slide 18: Oosterweel
OOSTERWEEL INVESTOR RELATIONS DEME 18
Slide 19: The Oosterweel Connection
THE OOSTERWEEL CONNECTION ‘ Scheldt Tunnel & Construction Dock’ • Extra capacity to cross the river Scheldt • 1.8 km long • 8 tunnel elements constructed in Zeebrugge • Dimensions of a tunnel element: L ≈ 160m B ≈ 41,3m H ≈ 9,9m • Two road tubes, each with3 lanes; a service & evacuation tube and a 6
Slide 20: Scheldt Tunnel & Construction Dock
‘ SCHELDT TUNNEL & CONSTRUCTION DOCK’ Construction sites Construction Dock Zeebrugge Scheldt Tunnel Antwerp INVESTOR RELATIONS DEME 20
Slide 21: Environmental
ENVIRONMENTAL INVESTOR RELATIONS DEME 21
Slide 22: Leading environmental specialist in Benelux
LEADING ENVIRONMENTAL SPECIALIST IN BENELUX Offering wide range of services SOIL REMEDIATION & ENVIRONMENTAL HIGH WATER BROWNFIELD DREDGING & SEDIMENT PROTECTION DEVELOPMENT TREATMENT • Offering tailored solutions for high water • Cleaning and recycling of polluted soils • Fluvial dredging with mini
Slide 23: Environmental key projects 2024
ENVIRONMENTAL Key Projects 2024 Soil remediation and brownfield development A A OOSTERWEEL COKERIES DU B Treating PFAS polluted soils BRABANT Soil remediation project C A B A FORMER OIL FELUY TERMINAL Remediation of former industrial Turning former oil-polluted oil brownfield site terminal into resi
Slide 24: Concessions
CONCESSIONS INVESTOR RELATIONS DEME 24
Slide 25: Infrastructure developer, investor and manager
INFRASTRUCTURE DEVELOPER, INVESTOR AND MANAGER Leveraging unique combination of technical and financial capabilities At a glance Active in 4 sectors Early involvement in the development process Strong additionality with contracting side of DEME H2 OFFSHORE WIND INFRA & DREDGING GREEN HYDROGEN DEEP-S
Slide 26: Latest updates
LATEST UPDATES <Sizeable> <Large contract> <Large contract> <Large contract> INVESTOR RELATIONS DEME 26 Contract value categories for the DEME scope: Large (>300 million euro) ; Substantial (150 million - 300 million euro) ; Sizeable (50 million -150 million euro) ; A contract (<50 million euro)
Slide 27: Group Financial Highlights
GROUP FINANCIAL HIGHLIGHTS INVESTOR RELATIONS DEME 27
Slide 28: Executive summary YTD24 (3Q24)
EXECUTIVE SUMMARY YTD24 (3Q24) Strong performance in all segments underpins record year outlook Strong free cash flow 1H24 @ 278 million euro vs -178 Orderbook 3Q24 healthy @ 7.1 billion euro million euro a year ago & halving the net debt to 352 million euro from 715 million euro a year ago Turnover
Slide 29: FY23 - Key financial highlights
FY23 – KEY FINANCIAL HIGHLIGHTS (in million EUR) 2023 2022 2021 Orderbook @ 7.6 billion euro, +22% vs 2022 Orderbook 7,582 6,190 5,905 y-o-y growth +22% +5% Turnover +24%, surpassing the 3 billion euro All segments contributing to the growth Turnover 3,285 2,655 2,511 y-o-y growth +24% +6% EBITDA 59
Slide 30: FY23 - Segments
FY23 – SEGMENTS Complementary segments result in diversified sources of income OFFSHORE DREDGING & ENVIRONMENTAL CONCESSIONS ENERGY INFRA (in million EUR) 2023 2022 2023 2022 2023 2022 (in million EUR) SINCE START Turnover1 1,502 958 1,605 1,524 304 206 Value of projects at closing c. 6,000 y-o-y gr
Slide 31: 1H24 - Key financial highlights
1H24 – KEY FINANCIAL HIGHLIGHTS (in millions of euro) 1H24 1H23 FY23 Orderbook remains at peak level Orderbook 7,622 7,654 7,582 y-o-y growth +0% +36% Turnover +30% Turnover 1,916 1,475 3,285 All segments contributing to growth y-o-y growth +30% +14% EBITDA 345 222 596 Surge in EBITDA, EBIT, and Net
Slide 32: 1H24 - Group orderbook
1H24 – GROUP ORDERBOOK Orderbook remains at a high level, even with strong conversions of orders Orderbook Geographic breakdown Orderbook run-off 6% 17% 7,654 7,622 16% 18% 5,620 3% 19% 11% 1H24 38% 9% 5% 62% 1H23 6% 63% Europe Africa Asia 27% America Middle East 1H22 1H23 1H24 Offshore Energy Dredg
Slide 33: 1H24 - Group turnover
1H24 – GROUP TURNOVER Group turnover grew 30% with solid growth in all contracting segments Turnover Segment breakdown Geographic breakdown 1,916 6% 1,916 11% 1,475 1,475 1,292 9% 1,292 1% 19% 8% 1H24 11% 66% 1H23 7% 62% Europe Africa Asia 1H22 1H23 1H24 1H22 1H23 1H24 America Middle East (in millio
Slide 34: 3Q24 YTD
3Q24 Heading toward a record turnover in 2024 (in millions of euro) YTD YTD YTD Orderbook remains healthy @ Outlook: Management raised its guidance and 24 23 22 7.1m euro now expects y-o-y turnover growth to exceed 20% Orderbook 7,141 7,811 5,950 Group turnover grew 32% over the EBITDA margin compar
Slide 35: ESG & Safety
ESG & SAFETY INVESTOR RELATIONS DEME 35
Slide 36: ESG 2023
ESG 2023 Update on progress Environmental 42% of DEME’s turnover is EU taxonomy eligible and 33% aligned, up from 29% 2023 2022 2021 and 26% respectively, driven by the inclusion of DEME’s environmental activities, EU Taxonomy - Turnover such as remediation of contaminated sites Eligible activities
Slide 37: Appendix
APPENDIX INVESTOR RELATIONS DEME 37
Slide 38: DEME Campus 'in the making'
DEME CAMPUS “IN THE MAKING” DEME LABS finished June 2023 PAVILION finished Autumn 2024 DEME HQ start Autumn 2024 INVESTOR RELATIONS DEME 38
Slide 39: Long heritage of exploring new horizons and creating sustainable marine solutions
LONG HERITAGE OF EXPLORING NEW HORIZONS AND CREATING SUSTAINABLE MARINE SOLUTIONS Ackermans & van Haaren Founding DEME, merging and CFE’s Société Générale Dredging International and de Dragage merge into Baggerwerken Decloedt & Dredging International Zoon 1876 1974 1988 1991 2000 Foundation Ackerman
Slide 40: • Unlock full potential of • Enhance governance and • Better alignment of capital
Start deep-sea Expansion infra DEME exploration activities independently activities listed • Unlock full potential of DEME and allow for better sector specialization • Enhance governance and management focus 2010 2013 2015 2018 2022 • Better alignment of capital allocation decisions • Attract most a
Slide 41: Project characteristics
PROJECT CHARACTERISTICS A thoughtful approach Preparation Remeasurable contract Project profit recognition Project budget based on Trying to avoid fixed price Profit recognition only after 10% of “Costs DOP + risk + margin” contracts project costs made Project execution Price revision mechanisms to
Slide 42: Princess Elisabeth Island
PRINCESS ELISABETH ISLAND INVESTOR RELATIONS DEME 42
Slide 43: Contract win: Princess Elisabeth Island
CONTRACT WIN : PRINCESS ELISABETH ISLAND Industry-first, artificial energy island to be deployed by end 2026 Project characteristics A €+600m project (excluding high voltage infrastructure) Customer: ELIA First building block of an integrated European offshore electricity Contractor: TM EDISON (DEME
Slide 44: US Projects
US PROJECTS INVESTOR RELATIONS DEME 44
Slide 45: Expanding in the US
EXPANDING IN THE US Execution kicked off as of 2023 Overview East Coast DEME now involved in the We deliver projects following projects South Fork: cable works ; Done in 2023 Vineyard Wind 1 (800MW): Monopiles, TP’s, substation & turbines ; Ongoing, good progress in 2023 ; more work in 2024 Coastal
Slide 46: Agenda financial calendar
AGENDA FINANCIAL CALENDAR 26/02/2025 Full year 2024 Results Trading update 14/05/2025 Q1 2025 21/05/2025 General assembly 26/08/2025 Half year 2025 Results Trading update 13/11/2025 Q3 2025 INVESTOR RELATIONS DEME 46
Slide 47: Thank you
THANK YOU For more information vanden.bussche.carl@deme-group.com INVESTOR RELATIONS DEME 47
Slide 48: Disclaimer
DISCLAIMER DISCLAIMER The Information and any opinions contained therein are provided as at the date of the presentation and are subject to change without notice. In giving this presentation, DEME does not undertake any obligation to provide the recipient with access to any additional information or