Koninklijke Heijmans N.v. · EURONEXT:HEIJM
Koninklijke Heijmans — FY2018 Earnings Presentation
25 slides from Koninklijke Heijmans's earnings presentation, Feb 21, 2019
Slide 1: Heijmans annual results 2018
Heijmans annual results 2018 21 FEBRUARY 2019
Slide 2: Heijmans annual results 2018: positive results across the board
Heijmans annual results 2018: positive results across the board TON HILLEN, CEO HEIJMANS N.V. 2
Slide 3: Safety
Safety Number of lost-time injuries (incl. subcontracting and restricted workday) Trend IF figure (own staff incl. hirers) Period 2013 – 2018 3,9 3,9 Number of injuries Lost-time Injury Frequency per month LTIF – Lost-time Injury Frequency = number of lost-time injuries in the last 12 months / numbe
Slide 4: Highlights annual results
Highlights annual results • All business areas contribute to positive result • Increase in revenues by 13% to € 1,579 million • Increase underlying EBITDA by 43% to € 43 million • Net profit 2018 € 20 million (2017: € 9 million negative excl. discontinued operations*) • Order book remains well stock
Slide 5: Key figures 2018
Key figures 2018 Key figures in € mln. H2 2018 H2 2017 2018 2017 Revenues 799 756 1.579 1.402 Underlying EBITDA ** 23 21 43 30 Result after tax *** 12 0 20 20 Earnings per share ( in €) *** 0,57 0,00 0,96 0,91 Order book 2.014 1.898 2.014 1.898 Net debt / (net cash) -31 -14 -31 -14 Number of FTE 4.5
Slide 6: Development per sector
heymans Development per sector
Slide 7: Property development: sound growth from strong market position
Property development: sound growth from strong market position Property development in € mln. H2 2018 H2 2017 2018 2017 Revenues 258 205 503 391 Underlying EBITDA 15 12 28 20 Underlying EBITDA margin 5,8% 5,9% 5,6% 5,1% Order book 435 420 435 420 • Housing market: potential for positive development
Slide 8: De Schoone Ley, The Hague
DE SCHOONE LEY, THE HAGUE
Slide 9: Building & Technology: turnaround non-residential, structural recovery
Building & Technology: turnaround non-residential, structural recovery Building & Technology in € mln. H2 2018 H2 2017 2018 2017 Revenues - Residential 227 158 440 297 Revenues - Non-Residential 150 122 286 240 Revenues - Building & Technology 377 280 726 537 Underlying EBITDA - Residential 5 3 11 5
Slide 10: Fenix Lofts, Rotterdam
heymans FENIX LOFTS, ROTTERDAM ae See
Slide 11: European Medicines Agency, Amsterdam
EUROPEAN MEDICINES AGENCY, AMSTERDAM
Slide 12: Infra: focus, predictability and controlled development
Infra: focus, predictability and controlled development Infra in € mln. H2 2018 H2 2017 2018 2017 Revenues 342 379 654 680 Underlying EBITDA 2 15 8 16 Underlying EBITDA margin 0,6% 4,0% 1,2% 2,4% Order book 766 814 766 814 • Infra focuses on the predictability of projects, a tighter focus on core co
Slide 13: Main contracts Schiphol
MAIN CONTRACTS SCHIPHOL
Slide 14: Financial
heymans Financial
Slide 15: Income statement
in € mln. H2 2018 H2 2017 2018 2017 Revenues 799 756 1.579 1.402 Income statement Property development 15 12 28 20 Residential 5 3 11 5 Non-residential 5 -5 5 -6 Building & Technology 10 -2 16 -1 Infra 2 15 8 16 Corporate/other -4 -4 -9 -5 Underlying EBITDA 23 21 43 30 Correction operating result jo
Slide 16: Strenghtened commitment financiers
Strenghtened commitment financiers • In H1 syndicated bank loan extended to 1 July 2022: Improved interest rate margins from 4% to 3%, in 2019 to 2,25%; Accelerated reduction of total commitment to € 121 million in October, KBC no longer part of the syndicate Covenants reassessed, new is a solvency
Slide 17: Financial covenants
Covenants and financing Amounts in € mln. 2018 FY 2017 FY Net debt -30,7 -13,6 Adjustments: Net debt joint ventures 78,1 0,0 Net debt non recourse project finance -92,4 0,0 Cumulative preference shares B -45,1 0,0 Other 2,1 0,0 Net debt covenants (A) -88,0 -59,2 Reported EBITDA 34,2 0,0 Extraordinar
Slide 18: Progress debt reduction
Progress debt reduction • Net cash situation improved in 2018 by € 17 million • Average net debt (12 months rolling) improved in that same period by € 84 million, adjusted for impact sale foreign businesses in H1 2017 by about € 50 million • Result: reduction credit facility and overall costs of fun
Slide 19: Strategy and outlook
heymans Strategy and outlook
Slide 20: Long-term ambition
Long-term ambition • 2018 all about progress recovery profitability, debt reduction and de-risking projects; and in addition, determining long-term vision and planning • Building on and bundling initiatives that fit the long-term ambition: creating a healthy living environment • Strategy aimed at 20
Slide 21: Strategy 2023
heijmans Strategy 2023 pb SMARTER SUSTAINABLE * Safety « Risk management & process improvement ¢ Quality of the organization ¢ Digitalisation « Production technology ¢ Energy « Materials « Space
Slide 22: Opening solar highways
OPENING SOLAR HIGHWAYS. . :
Slide 23: Outlook: structural profitability
Outlook: structural profitability • Expected revenue 2019 comparable to level 2018 • Limited decrease revenue Infra, compensation other business activities • Based on unchanged market conditions, we expect further improvement of the results in 2019 • Financing in order after refinancing syndicated b
Slide 24: Disclaimer
Disclaimer This presentation has been prepared by and is the responsibility of Heijmans N.V. This presentation is being supplied to you solely for your information and use at the presentation which will be or was held on February 21, 2019. The information may not be further distributed or passed on
Slide 25: heijmansnl @heijmansnl heijmans
heijmansnl @heijmansnl heijmans heijmansnl