Koninklijke Bam Groep Nv · EURONEXT:BAMNB
Koninklijke Bam Groep Nv — Royal BAM Group — H1 2023 Earnings Presentation
20 slides from Koninklijke Bam Groep Nv's earnings presentation, Aug 17, 2023
Slide 1: First half-year 2023 results
First half-year 2023 results BAM reports €119 million adjusted EBITDA in first half-year Ruud Joosten Frans den Houter CEO CFO Amsterdam, the Netherlands, 17 August 2023
Slide 2: Disclaimer
Disclaimer • This presentation contains ‘forward-looking statements’, based on currently available plans and forecasts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future, and B
Slide 3: Slide 3
Slide 4: Key points first half-year 2023
Key points first half-year 2023 BAM reports €119 million adjusted EBITDA in first half-year • Combined revenue in division Netherlands and division Revenue Adjusted EBITDA United Kingdom and Ireland in line with H1 2022 2022 H1 2022 H1 • Adjusted EBITDA was €119 million, reflecting a margin of €2,96
Slide 5: Division Netherlands
Division Netherlands Royal BAM Group nv H1 2023 Results Hof van Haag, The Hague – BAM Wonen 5
Slide 6: Performance division Netherlands
Performance division Netherlands Satisfactory operational performance, except for Danish projects (x € million) H1 2023 H1 2022 • Revenue 3% lower Revenue Result Revenue Result Construction and Property 962 29.1 964 56.4 • Adjusted EBITDA €55.1m (H1 2022: €97.6m), reflecting a Civil engineering 400
Slide 7: Division United Kingdom and Ireland
Division United Kingdom and Ireland Royal BAM Group nv H1 2023 Results National Children’s Hospital, Dublin – BAM Contractors (Ireland) 7
Slide 8: Performance division United Kingdom and Ireland
Performance division United Kingdom and Ireland Higher contribution in first half-year, driven by Ventures and Ireland (x € million) H1 2023 H1 2022 Revenue Result Revenue Result • Revenue increased by 1% versus H1 2022, also supported Construction UK 498 15.5 512 22.0 by high activity level in civi
Slide 9: Financial review
Financial review Royal BAM Group nv H1 2023 Results Electrification of plant and equipment – BAM Infra Nederland 9
Slide 10: Income statement
Income statement Satisfactory operational performance except Denmark, net result of €60 million in first half-year (x € million) H1 2023 H1 2022 • Adjusted EBITDA of €119m, 2022 H1 included €18m of Division Netherlands 55.1 97.6 divested companies, €14m positive revaluation of hedge Division United
Slide 11: Cash flow
Cash flow1 Cash and cash equivalents of €661 million at end first half-year 2023 (x € million) H1 2023 H1 2022 • Cash and cash equivalents totalled €661m, €180m Cash flow from operations 113 152 Working capital below the position year-end 2022 -180 -272 Provisions and pensions -26 -27 • Cash flow fr
Slide 12: Financial position
Financial position Capital ratio further improved to 22.3% (x € million) H1 2023 FY 2022 H12022 Cash position 661 841 830 • Net cash position lower versus year-end 2022 Interest-bearing debt -47 -53 -45 Net cash position • Trade working capital efficiency percentage increased to 614 788 785 -14.8% (
Slide 13: Looking ahead
Looking ahead Royal BAM Group nv H1 2023 Results Sky Studios, Elstree – BAM Construct UK 13
Slide 14: Order book and market trends
Order book and market trends Order book at good level, focus on managed growth through selective tendering • Total order backlog €9.5bn, includes cancellation of €300m Order book development National highways framework contract. 6000 • Trends in interest rates, inflation and economic uncertainty 500
Slide 15: Outlook 2023
Outlook 2023 • BAM expects to deliver an adjusted EBITDA margin higher than 4 per cent for the full-year 2023. Royal BAM Group nv H1 2023 Results Production hall, Bovenkarspel - BAM Wood Concepts 15
Slide 16: Key points first half-year 2023
Key points first half-year 2023 BAM reports €119 million adjusted EBITDA in first half-year • Combined revenue in division Netherlands and division Revenue Adjusted EBITDA United Kingdom and Ireland in line with H1 2022 2022 H1 2022 H1 • Adjusted EBITDA was €119 million, reflecting a margin of €2,96
Slide 17: Annexes
Annexes Strategy: roadmap 2021-2023 Strategy: Sustainable development goals Royal BAM Group nv H1 2023 Results 17
Slide 18: Strategy 2021-2023: Building a sustainable tomorrow
Strategy 2021-2023: Building a sustainable tomorrow Focus on profitable Continue Accelerate opportunities growth platform de-risking for future growth • Platform for growth • Market choices • Towards process and • Manage for value • Avoid disproportionate product leadership risk in project portfolio
Slide 19: Contributing to Sustainable Development Goals (SDGs)
Contributing to 8 Sustainable Development Goals (SDGs) • BAM’s sustainability themes aligned with United Nations Sustainable Development Goals (SDGs). • UN SDGs provide blueprint for peace and prosperity for people and planet, now and into the future. • BAM has selected eight SDGs that BAM can most
Slide 20: Contact
Contact Michel Aupers (Investor Relations) Runnenburg 9 PO Box 20 +31 (0)30 659 89 88 3981 AZ Bunnik 3980 CA Bunnik ir@bam.com The Netherlands The Netherlands www.bam.com Royal BAM Group nv H1 2023 Results 20