Koninklijke Heijmans N.v. · EURONEXT:HEIJM
Koninklijke Heijmans — H1 2015 Earnings Presentation
33 slides from Koninklijke Heijmans's earnings presentation, Aug 19, 2015
Slide 1: Interim results 2015
Interim results 2015 August 19, 2015 Executive Board Heijmans N.V.
Slide 2: Welcome
Welcome The Student Hotel Transformation Parool & Trouw Building Amsterdam
Slide 3: Heijmans benefits from recovering housing market, negative result due to pressure on infra
“Heijmans benefits from recovering housing market, negative result due to pressure on infra” Improvement of operating results remains top priority Bert van der Els – Chairman Heijmans N.V. Executive Board
Slide 4: Markets
Markets Turbulence: • Residential • Non-residential • Infra
Slide 5: H1 2015 - Highlights
H1 2015 - Highlights • Heijmans benefits from recovering housing market; • Negative result in first half year due to poor performance of Dutch Infra; • Performance in Germany and Belgium in line with expectations with positive operating results; • Increased revenues, mainly in Residential, also in N
Slide 6: H1 2015 - Highlights
H1 2015 - Highlights • Safety improved due to internal GO! (No Accidents) programme: Decrease in # accidents and IF-rate (injuries with non-attendance ≥ 1 day per mln working hours) • Good progress of restructurings and improvement measures, slight delay in capacity reduction within Non-residentia
Slide 7: H1 2015 – To improve and renew
H1 2015 – To improve and renew • Procedures Implementation of new ERP platform (SAP) on track Procedure tender management implemented, incl “go / no go” decisions Optimisation schemes for procurement, project management, and commerce Working capital (Fit for Cash) • Technology Focus on mar
Slide 8: Living Lab Solar Noise Barriers 's-Hertogenbosch
Living Lab Solar Noise Barriers ‘s-Hertogenbosch
Slide 9: MX3D 3D metal print bridge Amsterdam
MX3D 3D metal print bridge Amsterdam
Slide 10: Smart Living Concept, home management in all family homes
Smart Living Concept, home management in all family homes
Slide 11: Outlook
Outlook • Positive trend of housing market continues, Heijmans well positioned; • Gradual improvement of Non-residential and Infra; • Order book offers good perspective; • Heijmans strategy unchanged: Improve the core Integrated approach Innovative • Solid solvency ratio, improving profitabili
Slide 12: Heijmans benefits from recovering housing market, negative result due to pressure on infra
“Heijmans benefits from recovering housing market, negative result due to pressure on infra” Improvement of operating results remains top priority Mark van den Biggelaar – CFO & member Heijmans N.V. Executive Board
Slide 13: Property Development
In EUR mln H1 2015 H1 2014 Revenues 126 61 Underlying operating result 4 -1 DEVELOPMENTS PER SECTOR Underlying operating margin 3,2% -1,6% Order book 280 229 PROPERTY DEVELOPMENT • Strong growth in revenues as budgeted, positive development of operating result; • Housing sales increased to 746 (2014
Slide 14: Residential
In EUR mln H1 2015 H1 2014 Revenues 204 140 Underlying operating result 3 -1 Underlying operating margin 1,5% -0,7% DEVELOPMENTS PER SECTOR Order book 392 361 RESIDENTIAL • Significant growth in revenues, strongly linked to Property Development; • Revenues: Netherlands (€ 158 mln) and Belgium (€ 46
Slide 15: Harener Holt Haren
Harener Holt Haren
Slide 16: Meyster's Buiten Utrecht
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Slide 17: Dive coaster 'Baron 1898' 2nd phase Bosrijk Efteling
Dive coaster ‘Baron 1898’ 2nd phase Bosrijk Efteling
Slide 18: Non-Residential
In EUR mln H1 2015 H1 2014 Revenues 220 169 Underlying operating result -2 1 DEVELOPMENTS PER SECTOR Underlying operating margin -0,9% 0,6% Order book 549 682 NON-RESIDENTIAL • Revenues higher because of high production level, mainly at Schiphol airport; • Restructuring to be executed with slight de
Slide 19: Bèta Campus FWN Leiden University
Bèta Campus FWN Leiden University
Slide 20: "Het Timmerhuis" Rotterdam
“Het Timmerhuis” Rotterdam
Slide 21: National Military Museum Soesterberg
National Military Museum Soesterberg
Slide 22: Infra Netherlands
In EUR mln H1 2015 H1 2014 Revenues 306 341 Underlying operating result -15 -5 DEVELOPMENTS PER SECTOR Underlying operating margin -5,0% -1,4% Order book 879 830 INFRA NETHERLANDS • Revenues decreased, poor performance, challenging conditions large projects; • Improvements visible in regional projec
Slide 23: Infra Belgium
In EUR mln H1 2015 H1 2014 Revenues 57 65 Underlying operating result 3 7 DEVELOPMENTS PER SECTOR Underlying operating margin 5,3% 10,8% Order book 103 98 INFRA BELGIUM • Revenues in Belgium and operating result decreased slightly, but still healthy profit margins; • Challenging market conditions, m
Slide 24: Infra Germany
In EUR mln H1 2015 H1 2014 Revenues 126 111 Underlying operating result 1 0 Underlying operating margin 0,8% 0,0% DEVELOPMENTS PER SECTOR Order book 238 206 INFRA GERMANY • Market is improving, especially in volume; • Revenues increased, combined with margin improvement; • Scheduled restructurings a
Slide 25: A4 Delft-Schiedam
A4 Delft-Schiedam
Slide 26: St.-Jan parking garage 's-Hertogenbosch
St.-Jan parking garage ‘s-Hertogenbosch
Slide 27: Mercaden Dorsten (Germany)
Mercaden Dorsten (Germany)
Slide 28: Key figures H1 2015
Key figures H1 2015 Profit and loss account H1 2015 H1 2014 Revenues 922 823 Underlying operating result -11 -7 Correction operating result joint ventures -4 -2 Impairment of property assets -1 -1 Restructuring costs - -2 Operating result -16 -12 Result before tax -17 -10 Income tax expense 2 2 Resu
Slide 29: Balance sheet, Cash flow and Funding
Balance sheet, Cash flow and Funding Balance sheet H1 2015 FY 2014 H1 2014 Fixed assets 370 364 355 Working capital (excl cash and cash equivalents) 47 -37 85 Capital invested 417 327 440 Equity 274 259 303 Provisions 35 36 38 Net debt 108 31 99 Financing 417 327 440 • Working capital increased comp
Slide 30: We are building the spatial contours of tomorrow
We are building the spatial contours of tomorrow
Slide 31: Summary
Summary • Positive trend of housing market continues, Heijmans well positioned; • Poor results Infra Netherlands • Gradual improvement of Non-residential and Infra; • Order book has a good perspective; • Heijmans strategy unchanged: Improve the core Integrated approach Innovative • Solid solve
Slide 32: Disclaimer
Disclaimer This presentation has been prepared by and is the responsibility of 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 August 19, 2015. The information may not be further distributed or passed on to
Slide 33: Heijmans
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