Slide 1: STRABAG SE January–March 2017 Results
STRABAG SE JANUARY–MARCH 2017 RESULTS 31 MAY 2017
Slide 2: Disclaimer
DISCLAIMER This presentation is made by STRABAG SE (the "Company") solely for This presentation contains forward-looking statements relating to the use at investor meetings and is furnished to you solely for your business, financial performance and results of the Company and/or the information. indu
Slide 3: Output volume rose by 8%
OUTPUT VOLUME ROSE BY 8 % OUTPUT VOLUME (€M) 20,000 ● Driven especially by German transportation infrastructure business and large tunnelling 13,491 projects in Chile 8% 2,427 2,257 0 3M/17 3M/16 2016 ORDER BACKLOG (€M) 15% 20,000 ● New record high 16,113 13,977 14,816 ● Large orders from the public
Slide 4: EBITDA and EBIT less deep in negative territory
EBITDA AND EBIT LESS DEEP IN NEGATIVE TERRITORY EBITDA (€M) 1,000 8551) ● First quarter usually not very meaningful for making statements about full-year 12% -51 -58 -100 3M/17 3M/16 2016 EBIT (€M) 500 4251) ● Depreciation and amortisation up by 5% 2% -143 -145 3M/17 3M/16 2016 -200 1) Includes a no
Slide 5: Lower 'minority relief' leads to lower EPS
LOWER ‘MINORITY RELIEF‘ LEADS TO LOWER EPS NET INCOME AFTER MINORITIES (€M) EARNINGS PER SHARE (€) 300 278 3 2.71 -4% -4% -122 -117 -1.19 -1.14 3M/17 3M/16 2016 3M/17 3M/16 2016 -200 -2 ● Net interest income at € -19 million (after € -9 million in 2016), due to higher negative FX differences ● Incom
Slide 6: Equity ratio remained at the same high level vs. year-end despite decrease in cash
EQUITY RATIO REMAINED AT THE SAME HIGH LEVEL VS. YEAR-END DESPITE DECREASE IN CASH ASSETS(1) LIABILITIES AND EQUITY(1) (€m) 3M/17 2016 (€m) 3M/17 2016 Intangible assets 498 496 Share capital 110 110 PP&E & investment property 1,926 1,936 Capital reserves 2,315 2,315 Associated companies 355 348 Reta
Slide 7: Negative CFO significantly contained
NEGATIVE CFO SIGNIFICANTLY CONTAINED (€m) 3M/17 ∆% 3M/16 Cash – beginning of period 1,998 -27 2,727 Cash flow from earnings -82 15 -96 ∆ Working Capital -64 85 -418 Cash flow from operating activities -146 72 -514 Cash flow from investing activities -80 -54 -52 Cash flow from financing activities -2
Slide 8: North + West posts typical substantial winter loss
NORTH + WEST POSTS TYPICAL SUBSTANTIAL WINTER LOSS KEY INDICATORS COMMENTS (€m) 3M/17 ∆% 3M/16 ● Output volume increased by 10% Output volume 1,087 10 992 ● EBIT more or less unchanged – typical winter loss Revenue 1,022 6 965 due to segment’s high share of road construction Order backlog 7,652 23 6
Slide 9: South + East notices improvements in several countries
SOUTH + EAST NOTICES IMPROVEMENTS IN SEVERAL COUNTRIES KEY INDICATORS COMMENTS (€m) 3M/17 ∆% 3M/16 ● Output volume climbs by 5% thanks to Austria and Output volume 642 5 611 Hungary Revenue 630 10 575 ● EBIT improved significantly due to Hungary and Order backlog 4,148 13 3,673 Russia, among other c
Slide 10: International + Special Divisions affected by real estate development
INTERNATIONAL + SPECIAL DIVISIONS AFFECTED BY REAL ESTATE DEVELOPMENT KEY INDICATORS COMMENTS (€m) 3M/17 ∆% 3M/16 ● Output volume up by 6% due to large projects in Output volume 662 6 624 the Americas Revenue 554 -4 579 ● EBIT sank by 54%; sale of a real estate project Order backlog 4,306 5 4,091 de
Slide 11: Outlook 2017
OUTLOOK 2017 ● Output volume 2017 of ≥ 14.0 billion forecasted (≥ +4%) ● EBIT margin (EBIT/revenue) targeted at ≥ 3% 11 3M/2017, May 2017
Slide 12: STRABAG SE January–March 2017 Results
STRABAG SE JANUARY–MARCH 2017 RESULTS 31 MAY 2017