Koninklijke Heijmans N.v. · EURONEXT:HEIJM
Koninklijke Heijmans — Royal Heijmans — FY2024 Earnings Presentation
24 slides from Koninklijke Heijmans's earnings presentation, Feb 21, 2025
Slide 1: Strong year and positive outlook for 2025
Strong year and positive outlook for 2025 Friday 21 February 2025
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by and is the responsibility of Royal 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 21 February 2025. The information may not be further distributed or passe
Slide 3: Safety
Safety Number of accidents (including subcontracting and alternative employment) 2022 2023 2024 Accidents impact large 1,0 2,3 0,0 Accidents impact medium 28,7 19,1 15,3 IF* figure Accidents impact small 38 50,5 56,4 (own employees, incl. temporary staff) 4 Accidents impact total 67,7 71,9 71,7 3,7
Slide 4: Efforts remain urgently needed
Efforts remain urgently needed • More willingness among employees to report safe and unsafe situations • Strategy for controlling standard procedures in High-Risk Activities (HRA) • Heijmans sponsored Chair of Integral Safety at Technical University Delft • The sector must dare to challenge each oth
Slide 5: Highlights
Highlights FD Henri Sijthoff Award for Winner of the ABN AMRO Best Performer NYSE best annual report Sustainable 50 Audience Euronext AScX Award 5
Slide 6: Financial key points
Financial key points Revenue increases to € 2.6 billion Qualitatively strong order book, stable at (FY 2023: € 2.1 billion) € 2.8 billion; housing pool increased to 37,000 Underlying EBITDA increases from € 147 million Strong net debt improvement; acquisition to € 199 million financing of Van Wanroo
Slide 7: Non-financial key points
Non-financial key points Reporting in accordance with European CSRD Approval of Science Based Target initiative (SBTi) regulations Focus on water quality, water balance, water Leadership role in sustainability through usage, and water safety. Example: exploring the partnership with State Forest Mana
Slide 8: Results Royal Heijmans N.V.
# Results Royal “jy Heijmans N.V. o
Slide 9: Heijmans: net profit 50% higher
Heijmans: net profit 50% higher Financial results Underlying Revenue share € million EBITDA 2024 € million 2024 2023 Delta 26% Living Working 7,7% (38%) (24%) 200 Revenue 2.584 2.117 +22% 6,9% 7,0% Underlying EBITDA 199 147 +35% 199 100 147 2.584 Underlying EBITDA % 7,7% 6,9% +80bps 126 Net profit 9
Slide 10: Solid cash flow and debt position development. Proposed dividend € 1,64 per share
Solid cash flow and debt position development. Proposed dividend € 1,64 per share Free cash flow development Historical dividend payments per share € million € million 40% 40% 40% 40% 50% 2 150 190 95 76 93 1,64* -50 2020 2021 2022 2023 2024 0,73 0,88 1,01 0,89 0 2020 2021 2022 2023 2024 -229 -250 D
Slide 11: ROCE and solvency at consistent high level
ROCE and solvency at consistent high level Return on capital employed Solvency (ROCE) 30 40 31% 20 30% 34% 22% 22% 19% 19% 20 29% 29% 29% 10 0 0 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 • Strong ROCE performance of 19% • Investment in the acquisition (land bank) of Van Wanrooij in 2023 impa
Slide 12: Results per division
Results per division.
Slide 13: Examples Living
Examples Living Horizon elements from the Completion of residential Completion of project timber frame construction towers at Techical University Walkwartier Oss factory in Heerenveen Eindhoven 13
Slide 14: Living: increasing home sales, clear margin improvement
Living: increasing home sales, clear margin improvement Financial results Underlying Houses to be € million EBITDA developed 2024 2023 Delta € million 29.000 36.800 20% 40.000 Revenue 994 820 21% 8,9% 30.000 7,1% Underlying EBITDA 89 58 52% 8,1% 89 20.000 Underlying EBITDA % 8,9% 7,1% +180bps 50 62
Slide 15: Examples Working
Examples Working Binnenhof renovation, Maintenance and operations Framework contract at ASML including Dutch Senate and of technical installations Council of State 15
Slide 16: Working: strong profitable growth, solid contribution from recurring business
Working: strong profitable growth, solid contribution from recurring business Financial results Underlying Revenue share € million EBITDA 2024 € million 62% 2024 2023 Delta Recurring Projects 7,4% 50 (66%) (34%) Revenue 635 536 18% 6,6% 4,2% 47 Underlying EBITDA 47 35 38% 34 635 Underlying EBITDA %
Slide 17: Examples Connecting
Examples Connecting National partner Ministry of EU-303 high-voltage Dike reinforcement Road and Waterways for substations for TenneT Lauwersmeerdijk audio and video management 17
Slide 18: Connecting: more diversified portfolio leads to strong growth
Connecting: more diversified portfolio leads to strong growth Financial results Underlying Revenue share € million EBITDA 2024 € million 39%* Recurring Projects 2024 2023 Delta 7,1% (34%) (66%) 6,6%* Revenue 997 800 25% 5,4%* 14 50 70 Underlying EBITDA 70 66 6% 19 997 25 53 Underlying EBITDA % 7,1%
Slide 19: Outlook 2025
Outlook 2025. 19
Slide 20: Strong expectations
Strong expectations OOK deze m,inder hoog maken Outlook 2025 • The outlook for 2025 is promising • Further increases in home sales and sustained growth in recurring business anticipated • Well-filled order book remains qualitatively strong • Revenue continues to grow to € 2.75 billion • Profitabilit
Slide 21: Het kan samen - Heijmans
Slide 22: Appendices
22 Appendices. " heyjmans
Slide 23: Capital Allocation
Capital Allocation 1 2 3 4 Invest to grow Invest to accelerate Strong balance sheet Dividend policy CAPEX 2024 • Acquisition of Van Wanrooij Proposed dividend Van Gisbergen acquisition loan € 1,64 per share in • Expansion landbank repaid cash € 27 million € 44 million € 75 million € 45 million 23
Slide 24: Creators of the healthy living environment
We are Creators of the healthy living environment We are makers. We add something to the world. We always do so with respect for people, animals and nature. Our yellow heart We like to help. We take care of each other and make sure things get done. Now and in the future. The Netherlands is coming to