Merko Ehitus As · OMXTSE:MRK1T
Merko Ehitus As — H1 2013 Earnings Presentation
11 slides from Merko Ehitus As's earnings presentation, August 2013
Slide 1: Merko Ehitus Group 6 months and II quarter 2013
Merko Ehitus Group 6 months and II quarter 2013 August 2013
Slide 2: Key Q2 highlights
Key Q2 highlights EUR millions 6M 6M Variance 2Q 2Q Variance 2013 2012 2013 2012 Revenue 113.7 106.9 +6.4% 65.9 59.1 +11.5% Gross profit margin (%) 8.6 4.7 +83.2% 8.5 4.3 +97.7% Net profit, attributable to equity holders of the parent 4.0 0.6 +599.5% 2.3 0.4 +438.7% Earnings per share (EPS), in euro
Slide 3: Revenue and gross profit improved y-o-y
Revenue and gross profit improved y-o-y REVENUES 6M 2013 revenues improved by 6.4%. Strongest performance from general construction segment (revenues up by 44% y-o-y), that is also supported by increased road construction (up by 22%) and real estate development segment (up by 28%) revenues. The
Slide 4: Profitability
Profitability 6M 2013 net profit EUR 4.0m IIQ 2013 EUR 2,3m shows a positive trend. 2Q 2013 profit at 2Q 2009 and 2010 levels. 6M 2013 Marketing and Administrative expenses are up by 15.6% y-o-y. 2012 as a comparision gives a lower basis due to the fact that the overall profit level was lower
Slide 5: Net debt decreased, strong balance sheet
Net debt decreased, strong balance sheet Group’s cash position at EUR 31.3m. Group has also EUR 2.5m in short-term deposits. Total assets and debt ratio The net debt amounted to EUR –1.0m and debt ratio in million euros and % is at a modest level of 14%. 237 235 Current assets are at 1.9x curr
Slide 6: Stable secured order book
Stable secured order book Secured order book has decreased slightly to EUR 184m (by -4.7% compared to Q1 2013). There is a decrease of 21% compared to the secured order book value in 2012. Prior year balance gives an unusually high comparison basis. EUR 51m worth of new contracts compared to EUR
Slide 7: Market outlook for 2013
Market outlook for 2013 Construction market Group’s outlook largely unchanged compared to previous quarter. Continuing decrease of public sector procurements due to the end of funding period 2007- 2013 and uncertainties around distribution of fund in EUs budget period 2014-2020. Positive trend
Slide 8: Stock Exchange overview
Stock Exchange overview Market capitalization as at 30 June 2013 amounted to EUR 114m (31 March 2013: EUR 127m) The closing share price on 30 June 2013 was EUR 6.44 (31 March 2013: EUR 7.18) Dividend payment of EUR 5,3m made in July 2013 (EUR 0,3 per share) No of % of total % of total Sharehol
Slide 9: About Merko Ehitus Group
About Merko Ehitus Group AS Merko Ehitus operates as a holding company incorporating construction and real estate development subsidiaries offering integrated construction solutions and developing own real estate. AS Merko Ehitus Real-estate Estonia Latvia Lithuania development and investments gener
Slide 10: Contacts
Contacts Andres Trink Chief Executive Officer E-mail: andres.trink@merko.ee Signe Kukin Chief Financial Officer E-mail: signe.kukin@merko.ee AS Merko Ehitus Delta Plaza, 7th floor Pärnu mnt. 141, 11314, Tallinn Phone: +372 6501 250 www.merko.ee 10
Slide 11: Disclaimer
Disclaimer This presentation has been prepared by AS Merko Ehitus (the Company) solely for your use and benefit for information purposes only. By accessing, downloading, reading or otherwise making available to yourself any content of the presentation, in whole or in part, you hereby agree to be b