Koninklijke Heijmans N.v. · EURONEXT:HEIJM
Koninklijke Heijmans — Heijmans — FY2017 Earnings Presentation
27 slides from Koninklijke Heijmans's earnings presentation, Feb 23, 2018
Slide 1: Heijmans annual results 2017
Heijmans annual results 2017 23 FEBRUARY 2018 ZUIDASDOK, AMSTERDAM DE SCHOONE LEY, HAGA TERREIN DEN HAAG
Slide 2: Heijmans annual results 2017: sound basis for continued recovery
Heijmans annual results 2017: sound basis for continued recovery TON HILLEN, CEO HEIJMANS N.V. 2
Slide 3: Safety
Safety Trend number of lost-time injuries (incl. subcontracting and restricted workday cases) Trend IF figure (own staff incl. hirers) Period 2013 - 2017 Number of Injuries Injury Frequency (IF*) per month Year 2013 2014 2015 2016 2017 *IF= Injury Frequency (number of lost-time injuries in the last
Slide 4: Recap 2017
Recap 2017 Focus, Discipline, Excellence • Transformation into Dutch company, divestment foreign operations • High-risk projects under control • Tightened commercial focus • De-risking of the company, especially Infra: improved balance in revenues between large integrated projects on the one hand an
Slide 5: Progress high-risk projects
Progress high-risk projects • N23: work on schedule opening December 2018, official delivery March 2019 • Drachtsterweg: opened for traffic (delivery documentation ready 1 April 2018) • RIVM: decision to transfer Heijmans interest in consortium to Strukton: one-off loss €3,5 mln • Wilhelmina lock pr
Slide 6: Highlights annual results
Highlights annual results • In 2017, Heijmans was transformed into a purely Dutch company with a focus on its core competencies in property development, residential building, non-residential and infrastructure • Underlying EBITDA Netherlands €30 mln (2016: €73 mln negative) • Total number of homes s
Slide 7: Kaagbaan Runway, Amsterdam Schiphol Airport
KAAGBAAN RUNWAY, AMSTERDAM SCHIPHOL AIRPORT
Slide 8: Key figures
Key figures Key figures * x 1 € million H2 2017 H2 2016 2017 2016 Revenues Netherlands 756 665 1.402 1.370 Underlying EBITDA Netherlands ** 21 -64 30 -73 Result after tax 0 -98 20 -110 Earnings per share ( in €) 0,00 -4,59 0,91 -5,16 Order book Netherlands 1.898 1.863 1.898 1.863 Net debt -14 100 -1
Slide 9: Development per sector
heymans Development per sector
Slide 10: Property development: excellent performance, driver for growth
Property development: excellent performance, driver for growth Property development x € 1 million H2 2017 H1 2017 2017 2016 Revenues 205 186 391 332 Underlying EBITDA 12 8 20 15 Underlying EBITDA margin 5,9% 4,3% 5,1% 4,5% Order book 420 305 420 311 • Strong growth revenue and performance continues,
Slide 11: Noorderhaven, Zutphen
NOORDERHAVEN, ZUTPHEN
Slide 12: Residential: controlled development
Residential: controlled development Residential x € 1 million H2 2017 H1 2017 2017 2016 Revenues 158 139 297 296 Underlying EBITDA 3 2 5 4 Underlying EBITDA margin 1,9% 1,4% 1,7% 1,4% Order book 435 342 435 327 • Revenue and underlying EBITDA at comparable level • Strong turnaround in the market, pr
Slide 13: Heijmans ONE in Schijndel
heijmans HEIMANS ONE IN SCHIJNDEL
Slide 14: Non-residential: lagging results
Non-residential: lagging results Non-residential x € 1 million H2 2017 H1 2017 2017 2016 Revenues 122 118 240 315 Underlying EBITDA -5 -1 -6 -14 Underlying EBITDA margin -4,1% -0,8% -2,5% -4,4% Order book 589 756 589 758 • Revenue further declined in 2017, underlying EBITDA negative • Selective acqu
Slide 15: Renovation Ahoy, Hart van Zuid Rotterdam
RENOVATION AHOY, HART VAN ZUID ROTTERDAM
Slide 16: Infra: strong recovery
Infra: strong recovery Infra x € 1 million H2 2017 H1 2017 2017 2016 Revenues 379 301 680 621 Underlying EBITDA 15 1 16 -73 Underlying EBITDA margin 4,0% 0,3% 2,4% -11,8% Order book 814 987 814 730 • Revenue increased, strong improvement underlying EBITDA • Measures taken have proved to be effective
Slide 17: Tunnel A9, Amsterdam
TUNNEL A9, AMSTERDAM
Slide 18: Financial
heymans Financial
Slide 19: Recovery according to plan
Recovery according to plan • Divestments foreign operations resulting in net debt impact of €97 mln, total net debt improved with €114 mln to €14 mln ‘net cash’ • Improved capital ratios: balance sheet downsized, capital base strengthened, improved debt position • Steady working capital development
Slide 20: Strategy and outlook
heymans Strategy and outlook 20
Slide 21: Focus, Discipline, Excellence
Focus, Discipline, Excellence Core company in order – measures and actions taken: • Sustainable recovery of the company and its profitability • Debt reduction, structural strengthening of capital ratios • Selective acquisition based on core competences / derisking: improved balance in overall revenu
Slide 22: Strategy towards 2023
Strategy towards 2023 Setting our sights on the future – making Heijmans future-proof: development of a strategic agenda towards 2023 • ‘Core company in order’ remains priority: following up on ‘Focus, Discipline, Excellence’ strategy as the foundation of the company – processmanagement, quality of
Slide 23: Fenixlofts, Rotterdam
FENIXLOFTS, ROTTERDAM
Slide 24: Next steps – strategic choices
Next steps – strategic choices • Two-person Executive Board and Group council • Non-residential and Residential Building under centralised management, effective 1 January 2018: integrated cooperation and know-how, market opportunities in the field of multi-functional, high rise inner-city (residenti
Slide 25: Outlook
Outlook • 2017 transitional year, repositioning of the Dutch core business: › Solid progress on all fronts: profit recovery, debt reduction, derisking › Reduction impact of specific high-risk projects progressing well, withdrawal from RIVM-project is major step • Order book year-end 2017 at similar
Slide 26: 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 February 23, 2018. The information may not be further di stributed or passed on
Slide 27: heijmansnl @heijmansnl heijmans
heijmansnl @heijmansnl heijmans heijmansnl