Bilfinger Se · XETR:GBF
Bilfinger — Bilfinger Berger — Investor Presentation (November 2011)
19 slides from Bilfinger's investor presentation, Nov 15, 2011
Slide 1: Mid-term strategic outlook
Mid-term strategic outlook Roland Koch, CEO | November 15, 2011
Slide 2: Current situation / Bilfinger Berger strengths
Current situation / Bilfinger Berger strengths Strengths: Strong customer relations Comprehensive services offering and project know-how Reputation as reliable high-quality provider Skilled staff (engineers & skilled workers) Decentralized organization, close to the market Multi-national
Slide 3: Mission Bilfinger Berger
Mission Bilfinger Berger “ As a strong international Services Group, we provide design, construction, operation and maintenance of our clients´ assets. This comprehensive offering allows our clients to focus on their core business.” Mid-term strategic outlook | November 15, 2011 page 3
Slide 4: Strategic program "BEST"
Strategic program “BEST – Bilfinger Berger escalates strength“ Operational excellence Growth of higher-margin activities, both organically and via acquisitions „BEST“ Effective risk management Geographic expansion including emerging markets Deeper integration to boost cross- selling and bundling of
Slide 5: 5-year Group targets
5-year Group targets Output volume Net profit (€ billion) (€ million) (i.e. approx. €9 EPS) 11 to 12 ~ 400 ~ 8.2 ~ 205 2011e 2016 2011e 2016 Growth also supported by financial capacity for acquisitions of significantly more than €1bn All figures refer to continuing operations Mid-term strategic outl
Slide 6: Operational excellence (process optimization)
Operational excellence (process optimization) Group-wide measures to support cooperation across segments: Group-wide key account coordination Centralized tender database Internal structure for interface management Enhancement of branding concept Optimization of international organization
Slide 7: Segments: Industrial Services
Segments Industrial Services Market trends and drivers: Growth strategy: Production level in process industry Organic growth: Outsourcing Intensified distribution of full-service offering in all our markets Demand for service bundling / full service Cooperation across segments: Multi-natio
Slide 8: Segments: Power Services
Segments Power Services Market trends and drivers: Growth strategy: Long-term demand for energy Organic growth: Age of existing power plants Further development of comprehensive offerings in our focus areas Efficiency / environmental requirements Regional expansion: Rehabilitation activiti
Slide 9: Segments: Building and Facility Services
Segments Building and Facility Services Market trends and drivers: Growth strategy: GDP / Public spending Organic growth: Outsourcing Stronger focus on commercial facility management / Property management Service bundling / One-stop- Regional expansion with “follow your customer” strategy
Slide 10: Segments: Construction
Segments Construction Market trends and drivers: Growth strategy: Investments in energy Organic growth: infrastructure Significant reduction of share in output volume with general Public demand contractor responsibilities Expansion of higher-margin activities (offshore wind parks, power Ac
Slide 11: Segments: Concessions
Segments Concessions Market trends and drivers: Growth strategy: Acceptance of PPP Investment in selected projects in our target markets Availability of financing Accelerated value realization by recurring divestments of mature projects Mid-term strategic outlook | November 15, 2011 page 11
Slide 12: Identity Bilfinger Berger
Identity Bilfinger Berger “ We are the engineering-driven service provider for industry, utilities, real estate and infrastructure. We are a multinational player with leading positions in attractive markets. We create value by delivering top-line growth above market average and further margin expans
Slide 13: Mid-term strategic outlook – Financial targets
Mid-term strategic outlook – Financial targets Joachim Müller, CFO | November 15, 2011
Slide 14: Key Performance Indicators
Key Performance Indicators Output volume EBITA ROCE/ (€ million) (€ million) Value added ~ 8.200 ~ 385 8.059 361 ROCE Value added 197 4.7% (%) (€ million) 7.620 4.5% EBITA margin 2009 12.5 34.9 2.6% 2010 20.2 213.1 2009 2010 2011e 2009 2010* 2011e *before € 21m capital gain in Concessions Continuing
Slide 15: Segment financial targets
Segment financial targets INDUSTRIAL SERVICES POWER SERVICES CONCESSIONS: Organic CAGR for EBITA target Organic CAGR for EBITA target Committed equity of up to output volume: range 2014: output volume: range 2014: 400m EUR Expected IRR of >10% after tax at project level 6 to 6.5 % 9 to 9.5 % 5-y
Slide 16: Group financial targets
Group financial targets Current situation Target Organic growth Major portfolio adjustments 5-year CAGR for output volume*: 3 to 5% accomplished Acquisitions Investments of approx. € 2bn Additional growth via acquisitions: Financial Enterprise Value since 2002 capacity of significantly more than € 1
Slide 17: Financial strategy
Financial strategy Centralized treasury and financial risk management Maintain M&A discipline: Acquisitions based on strict selection criteria Financing within the limits of targeted financial ratios Sustainable dividend development, payout ratio of approx. 50% of normalized net profit M
Slide 18: Mid-term strategic outlook
Mid-term strategic outlook Bilfinger Berger | November 15, 2011
Slide 19: Disclaimer
Disclaimer This presentation has been produced for support of oral information purposes only and contains forward-looking statements which involve risks and uncertainties. Forward-looking statements are statements that are not historical facts, including statements about our beliefs and expectations
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