Bilfinger Se · XETR:GBF
Bilfinger — Hamburger Investorentage 2023
19 slides from Bilfinger's conference presentation, Aug 23, 2023
Slide 1: Become No. 1 in enhancing efficiency and sustainability
BILFINGER SE - LEADING IN INDUSTRIAL SERVICES - Become No. 1 in enhancing efficiency and sustainability Hamburger Investorentage, August 23, 2023 Hydropower: ÖBB - Obervellach/Tauernmoos
Slide 2: Overview and strategic outline
Overview and strategic outline
Slide 3: Bilfinger at a glance
Bilfinger at a glance • • No. 1 for customers in enhancing efficiency and sustainability Leading international industrial services provider €4.3bn Revenue • 3 business segments: Engineering & Maintenance Europe, Engineering & Maintenance International, Technologies 3.2% • Regional footprint: 27 coun
Slide 4: Strategy
Strategy Sustainable, profitable growth through Re-Positioning and driving Operational Excellence Efficiency year No. 1 for customers in enhancing Bilfinger & Sustain- 2027 efficiency and sustainability Future ability 2026 Positioning 2025 2024 2025-2027 2024 Growth 4-5% p.a. 2023 EBITA ≥5% 6-7% Cas
Slide 5: Our market: Addressable market in Europe, Middle East, North America
Our market: Addressable market in Europe, Middle East, North America Industry trends of efficiency and sustainability ensure continued positive demand in all markets Energy Chemicals & Pharma & Oil & Gas Petrochemicals Biopharma Addressable market 61 bn 34 bn 20 bn 22 bn 30% 10% 20% Bilfinger1 20% C
Slide 6: Bilfinger offering
Bilfinger offering We are excellently positioned to establish ourselves as the No. 1 in our target markets Digitalization New builds & Consultancy Engineering Maintenance & Turnarounds Modifications Regional footprint 3 Segments Our business is organized through Engineering & Maintenance Europe
Slide 7: Business model
Business model The business model is based on improving efficiency and sustainability both for customers and for ourselves, generating added value Business Parameters to drive Vision model business model Our business model No. 1 for customers in Addressable market enhancing efficiency is based on en
Slide 8: Strategic levers
Strategic levers Three strong levers to achieve our goals Functional Organization 1. Efficiency Program Competence Development Procurement Standardization & Bundling 2. Operational Excellence De-Risking Digitalization & Innovation Market Expansion 3. Positioning Sustainability Partne
Slide 9: Financial targets
Financial targets Execution of this strategy allows us to set new mid-term targets 2024 2025-2027 Organic Growth 4-5% CAGR Increasing EBITA ≥5% 6-7% margin Improving Cash >70% >80% Conversion1 1. Cash Conversion: FCF / EBITA Bilfinger SE | Hamburger Investorentage 2023 | August 23, 2023 page 9
Slide 10: Capital Allocation to drive Total Shareholder Return
Capital Allocation to drive Total Shareholder Return For the financial year 2022, a dividend of € 1.30 was paid out Revenue Growth EBITA Improvements Cash Conversion Dividend: 40-60% of adjusted net profit and continuous growth Organic growth M&A Share buyback Adhere to financial policy and achieve
Slide 11: Sustainability reporting
Sustainability reporting
Slide 12: Sustainability is a key component of our corporate strategy
Sustainability is a key component of our corporate strategy Our Sustainability targets CO2 footprint GHG Footprint Scope 1, 2 and 3 emissions [tCO2e] 35.609 Scope 1 35.643 23,765 (location based) • Leading partner to • Occupational • Conduct at least enhance efficiency accidents: 600 internal 16,548
Slide 13: Bilfinger commits to SBTi
Bilfinger commits to SBTi We target for carbon neutrality by 2030 and Net Zero by 2050 Our business with direct and indirect environmental impact has grown by 50% year-on-year Key milestones of the road to net zero Bilfinger business aligned with the Science Based Targets initiative classified on en
Slide 14: Financials Q2 2023
Financials Q2 2023
Slide 15: Key Highlights Q2 2023
Key Highlights Q2 2023 Stable Increased Free cash flow EBITA margin below prior year Orders received Revenue significantly above prior year as expected org. +1% org. +6% 3.9% -€46 million Continued positive market Strategy Efficiency program Outlook 2023 development in implementation on track confir
Slide 16: Efficiency program
Efficiency program On track and fully effective as of January 2024 Target as of Thereof achieved Thereof achieved January 1, 2024 by June 30, 2023 in Q2 2023 Headcount reductions - 750 FTEs - 251 FTEs - 225 FTEs One-time costs - € 62 million - €3.3 million - €2.9 million EBITA improvement gross p.a.
Slide 17: Market development unchanged
Market development unchanged Continued positive demand despite challenges for the industry Energy | 20%1) Chemicals & Petrochem | 25%1) Energy transition: new technology and improvement in energy Maintenance activities remain at a high level efficiency Increased necessity for efficiency improv
Slide 18: Outlook FY 2023 confirmed
Outlook FY 2023 confirmed Actual FY 2022 Outlook FY 2023 YTD 2023 Revenue €4,312 million €4,300 to €4,600 million €2,173 million EBITA margin 1.8% (3.2%1)) 3.8 to 4.1% 3.0% Free cash flow €136 million €50 to €80 million2) - €73 million 1) adjusted by special items 2) incl. ~€60m cash-out for Efficie
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