Arcadis Nv · EURONEXT:ARCAD
Arcadis Nv — Q1 2007 Earnings Presentation
16 slides from Arcadis Nv's earnings presentation, May 8, 2007
Slide 1: First quarter results 2007
Infrastructure, environment, facilities First quarter results 2007 Harrie Noy, CEO Conference call (web cast) May 8, 2007
Slide 2: Excellent growth, especially in environment
Excellent growth, especially in environment Overall revenue growth 16%; organic growth 14% Strong organic growth in all segments, environment up 20% All regions contributed to growth, most notably U.S. and Brazil Margin improved further Net income from operations 35% higher Outlook for full year 200
Slide 3: Income Q1 2007: €12.8 million
Income Q1 2007: € 12.8 million Excl. 2007 2006 _ U _ currency Gross revenue 332 287 16% 20% EBITA 22.6 16.1 40% 46% Net income 11.6 9.0 28% Net income per share 1) 0.57 0.45 27% Net income from operations1) 12.8 9.4 35% Ditto per share1,2) 0.63 0.47 34% 1) Before amortization and non-recurring items
Slide 4: Benefiting from favorable market conditions
Benefiting from favorable market conditions No signs of slowdown in U.S.; strong organic growth of 15% Strong increase of activities in Brazil and Chile Dutch market stays solid with organic growth of 7% Markets in other European countries improved: organic growth of 9% Contribution from acquisition
Slide 5: Growth accelerates
Growth accelerates 33% 30% 25% 20% Organic 15% Acquisitions 10% Total (excl. 5% Currency effect) 0% 2004 2005 Q1 2006 Q2 2006 Q3 2006 Q4 2006 2006 Q1 2007 Currency -3% +1% 5% 1% -1% -4% 0% -5% Selling prices +1% -0% 0% 0% 0% 0% 0% 0%
Slide 6: Strong growth EBITA (40%)
Strong growth EBITA (40%) In € million EBITA Q1 2006 16.1 Currency -/- 7% Acquisitions/divestments 14% Carbon Credits 12% Other Organic 21% EBITA Q1 2007 22.6 0 2 4 6 8 10 12 14 16 18 20 22 24
Slide 7: Some financial details
Some financial details Carbon Credits contribute € 1.9 mln to Ebita – Generated at Bandeirantes Landfill in Brazil by Biogas (33.3% ALogos) – Sold in 2006/2007: 1 million carbon credits – Delivered Q406: 180m; Q107: 570m; expected Q2-Q407: 250m – Contract with KfW price range € 10 - € 20 – Total amo
Slide 8: The service areas
The service areas Infrastructure Environment Facilities
Slide 9: Infrastructure +11% (+11%)
Infrastructure +11% (+11%) • Organic growth 11%; effect acquisitions 3%; currency –3% • Again considerable activity increase in Brazil • Pressure U.S. land development but water & transportation grew • Continued growth at slightly lower levels in the Netherlands $ • 150 million growth European for w
Slide 10: Environment +15% (+20%)
Environment +15% (+20%) • Strong organic growth at 20% • Currency effect high at 8%, carbon credits add 2% • Increase in market share in U.S. due to strong competitive edge • Acquisition Ecolas drives growth in Belgium SM Vicksburg, United States, RECLAIM projectPoland, U.K. • Good contributions fro
Slide 11: Facilities +30% (+9%)
Facilities +30% (+9%) • Contribution acquisitions 20%, mainly PinnacleOne, U.S. • Smaller acquisitions Netherlands, Belgium and Germany • Solid organic growth at 9%; impact DSM contract expired • More project management demand U.K., Netherlands, Germany •Lufthansa Aviation Real estate Center, invest
Slide 12: Outlook
Outlook fa ARCADIS
Slide 13: Acquisitions are high on the priority list again
Acquisitions are high on the priority list again Strengthening home market positions • priority for United States and United Kingdom Strengthening the portfolio • Expansion of services higher in the value chain • Management services • Rail, broadening in environment, water, planning services Geograp
Slide 14: Outlook per service area
Outlook per service area Infrastructure • European market improves Belgium, Poland, France, Germany • Dutch market strong: PPP, area development, outsourcing • Additional work U.S. from New Orleans; Brazil continues strong Environment • Strong backlog and synergy with BBL good basis for US growth U.
Slide 15: Outlook 2007 remains positive
Outlook 2007 remains positive Market conditions are favorable Opportunity for growth through synergy Focus on higher added value and client orientation Acquisitions are high on the priority list Further growth in revenues and profit in 2007 (barring unforeseen circumstances) ARCADIS is well on track
Slide 16: Thank you
Thank you fa ARCADIS