Nordecon As · OMXTSE:NCN1T
Nordecon As — Q1 2014 Earnings Presentation
19 slides from Nordecon As's earnings presentation, 2014
Slide 1: Investor presentation 3m 2014
Investor presentation 3m 2014 Investor Presentation
Slide 2: Nordecon overview
Nordecon overview Investor Presentation
Slide 3: Nordecon in brief
Nordecon in brief KEY FACTS • Nordecon is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructures segment • Geographically the Group operates currently in Estonia, Ukraine and Finland. The parent of the Gro
Slide 4: Nordecon in brief
Nordecon in brief VISION: To be the preferred partner in the construction industry for customers, subcontractors and employees. MISSION: To offer our customers building and infrastructure construction solutions that meet their needs and fit their budget and thus help them maintain and add value to t
Slide 5: Strategic agenda for 2014-2017
Strategic agenda for 2014-2017 Business activities • Our business operations in Estonia will be equally divided between two segments, building and infrastructure construction, where we will compete in all major sub-segments. • Our chosen foreign markets are Finland, Ukraine, Latvia and Lithuania. In
Slide 6: Strategic agenda for 2014-2017
Strategic agenda for 2014-2017 Group structure and organisation • The Group’s structure is optimal and we are not going to change it unless significant changes take place in the construction market. • We will continue consistent investment in our IT-capabilities and -integration both at the level of
Slide 7: Business model
Business model Industrial buildings Commercial buildings Public buildings Residential buildings BUILDINGS OPERATIONAL ACTIVITIES INFRASTRUCTURE Road construction and maintenance Specialist engineering Other infrastructure - road construction - bridges, viaducts - environmental engineering - road mai
Slide 8: Group’s strengths
Group’s strengths • An organisation with shareholders oriented towards long-term profitable growth • A flexible, horizontally integrated business model across the Group • Experienced management • Professional and loyal employees • Relative conservatism in risk-taking • Selected support services cent
Slide 9: Nordecon financial information and key facts 3m 2014
Nordecon financial information and key facts 3m 2014 Investor Presentation
Slide 10: Period in brief
Period in brief • Revenue below 2013 comparative figure by 13%. Caused by significant drop of sales in infrastructure segment as Group finished major projects in 2013 and lack of new EU backed investments in 2014 (first year of 2014-2020 EU budget period). • Revenue consists largely of projects sign
Slide 11: Key figures / ratios
Key figures / ratios Figure / Ratio 3m 2014 3m 2013 Revenue (tEUR) 23,544 27,081 Revenue growth/decrease, % -13.1% 20.5% Net profit/loss (tEUR) -1,026 -652 Gross margin, % 5.0% 2.2% EBITDA margin, % 1.3% -0.1% Net margin, % -4.4% -2.4% Earnings per share (EUR) -0.03 -0.02 Equity ratio, % 38.5% 29.5%
Slide 12: Revenue and profit
Revenue tEUR Profit tEUR Revenue and profit 30 000 2 000 • Revenue decrease led by infrastructure segment. Large 27 081 infrastructure (road construction) projects ended in 2013. Decreased public investments in 2014 as EU new budget 1 500 25 000 23 544 period (2014-2020) begins slowly. 22 475 1 170
Slide 13: Revenue by geographic regions
Revenue by geographic regions 3m 2012 3m 2013 3m 2014 Estonia Estonia Estonia Ukraine Finland Finland Finland • The chosen foreign markets are Finland, Ukraine, Latvia and Lithuania 3m 2012 3m 2013 3m 2014 • Main focus to remain in Estonia Estonia 98% 97% 92% • Business in Finland remains limited to
Slide 14: Order book
Order book Order book tEUR 140 000 136 235 • Order book has decreased due to gradual performance of major contracts secured in 2011-2012. Addition of large contracts is irregular. Public investments backed by EU to infrastructure 120 000 113 983 have been decreasing since 2013 and remain at this in
Slide 15: Revenue distribution by segments
Revenue distribution % of by segments revenue 100 • Finishing of major road construction projects in 2013 and 90 20 overall decrease of EU backed public investments to infrastructure led to sharp decrease of infrastructure 80 46 segment revenue. 54 70 • Private sector investments to buildings segmen
Slide 16: Revenue distribution – buildings
Revenue distribution – buildings % of revenue 100 • Private investments are dominating the buildings 90 18 18 segment as public investments account only approx. 18% of revenue. 80 42 7 11 • EU backed public investments not decreasing as much as 70 in infrastructure segment. Still competition in publ
Slide 17: Revenue distribution – infrastructure
Revenue distribution – % of revenue infrastructure 100 4 14 • Environmental infrastructure got more funding from EU 90 19 during last years of 2007-2013 budget period. Nordecon 32 80 10 secured in 2013 many environmental engineering contracts that are ongoing in 2014. 70 • Specialist engineering sha
Slide 18: Share and shareholders information
Share and shareholders information 860 1,1 Index/share 1.01.2014 31.03.2014 +/-% OMX Tallinn NCN1T OMX Tallinn 817.72 796.54 -2.59 840 NCN1T 1.05 0.97 -7.62 820 1,05 OMX TALLINN 800 NCN1T 780 1 760 740 0,95 720 700 0,9 1.01.2014 1.02.2014 1.03.2014 1.04.2014 Largest shareholders of Nordecon AS at 31
Slide 19: Contact Information
Contact Information Nordecon AS Tel: +372 615 4400 www.nordecon.com Pärnu mnt 158/1 Tallinn 11317 Estonia Head of Finance and Investor Relations Raimo Talviste Tel: +372 615 4445 raimo.talviste@nordecon.com Investor Presentation