Porr Ag · VIE:POS
Porr — Q1-3 2022 Earnings Presentation
11 slides from Porr's earnings presentation, Nov 28, 2022
Slide 1: Q1-3 Results 2022 Investor Presentation
Q1-3 Results 2022 Part of the solution. Investor Presentation November 2022 Investor Presentation November 2022 1
Slide 2: Disclaimer
Disclaimer This presentation was prepared by PORR AG (the "Company") This presentation contains forward-looking statements relating to solely for use at investors’ meetings and is provided solely for the business, financial performance and results of the Company informational purposes. and/or th
Slide 3: Key Messages Q1-3 2022
Key Messages Q1-3 2022 No construction slow-down 1 Stable footprint in all sectors Continued high level order book of EUR 7.9 bn 2 Consistent focus on selective acquisition EBT of EUR 57.5m on track (+35%) 3 Proven track record Crisis-proven balance sheet 4 Transformation in full swing Positive outl
Slide 4: Construction Input Prices Stabilising
Construction Input Prices Stabilising Material costs coming down Energy costs on high levels 160 800 700 140 600 Indexed per 31.12.2020 Indexed per 31.12.2021 500 120 400 300 100 200 100 80 0 12/20 03/21 06/21 09/21 12/21 03/22 06/22 09/22 12/21 03/22 06/22 09/22 Steel - Rebar Timber Electricity Gas
Slide 5: Interest Rate Hikes Against Soaring Inflation
Interest Rate Hikes Against Soaring Inflation High interest rates dampen inflation Capital markets under pressure 11% 5% 10% Downward trend in US inflation due to 4% increasing interest rates 9% Inflation Base rates 3% 8% 7% 2% High inflation leads to rise in 6% personnel costs 1% 5% 4% 0% Increasin
Slide 6: Diversified Portfolio as Stabilisation for 2023
Diversified Portfolio as Stabilisation for 2023 Share in Construction Order Book Segment Expectations 2023 Non-Residential Industrial construction showing major new order intakes Construction in 2022 → high visibility for 2023 output 29% Ongoing demand from public clients in health and infrastructur
Slide 7: Order Book Remains On a High Level
Order Book Remains On a High Level +15.5% TOP order intakes in Q1-3 2022 Bridge Highbridge Horb – Neckertal (DE) 7,778 7,863 construction Drammen, Bybrua (NO) 6,808 +1,1% +14,3% 4,833 Industrial Data Center, Jawczyce (PL) construction 4,617 Office Building PSE, Radom (PL) (4.5%) 4,250 +13.7% Road No
Slide 8: Continued Outperformance in Output and Earnings
Continued Outperformance in Output and Earnings Production output EBT in EUR m in EUR m EBT margin in % of production output +19.8% +35% 57.5 4,525 42.5 4,080 3,778 4,135 14.4 1.3% 1.0% 0.4% (1.7%) (62.4) Q1-3/19 Q1-3/20 Q1-3/21 Q1-3/22 Q1-3/19 Q1-3/20 Q1-3/21 Q1-3/22 COVID COVID All operational seg
Slide 9: Crisis-Resistant Balance Sheet
Crisis-Resistant Balance Sheet Equity in EUR m Net debt development Equity ratio in % in EUR m 785 (76%) 769 650 645 574 18.5% 434 17.5% 315 17.1% 15.7% 190 323 297 248 155 Q3/19 Q3/20 Q3/21 Q3/22 Q3/19 Q3/20 Q3/21 Q3/22 Hybrid capital Increase in equity against HY/22 of Ongoing working capital mana
Slide 10: Outlook
Outlook 2022 2023 Production output of EUR ~6.0 bn High order book ensures full capacity utilisation Earnings before tax EUR >100m Cost increases mitigated Further improvement in EBT visible Ongoing market uncertainty Investor Presentation November 2022 10
Slide 11: Q&A Session
Q&A Session Investor Presentation November 2022 11