Slide 1: STRABAG SE January–June 2019 Results
STRABAG SE JANUARY–JUNE 2019 RESULTS 30 AUGUST 2019
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 9%
OUTPUT VOLUME ROSE BY 9% OUTPUT VOLUME (€M) 20.000 20,000 ● Driven in particular by 16,323 − Germany 9% − building construction in Austria 7,507 6,875 − high order backlog in Hungary − large-scale project in UK 0 6M/19 6M/18 2018 ORDER BACKLOG (€M) -3% 20.000 20,000 18,326 18,874 ● Slight weakening
Slide 4: Earnings growth from International + Special Divisions segment
EARNINGS GROWTH FROM INTERNATIONAL + SPECIAL DIVISIONS SEGMENT EBITDA (€M) 1,000 9531 ● Growth in EBITDA of 47 % 47% 295 200 0 6M/19 6M/18 2018 EBIT (€M) 700 ● Depreciation and amortisation higher by 30 % – 5581 includes opposing effect on EBITDA from IFRS 16 Leases ● Improvement in EBIT derives fro
Slide 5: Net income after minorities from negative into positive territory
NET INCOME AFTER MINORITIES FROM NEGATIVE INTO POSITIVE TERRITORY NET INCOME AFTER MINORITIES (€M) EARNINGS PER SHARE (€) 400 354 4 3.45 n.m. n.m. 11 0.10 -1 -0.01 -100 -1 6M/19 6M/18 2018 6M/19 6M/18 2018 ● Net interest income at € -20 million after € -7 million in 6M/18; absence of positive exchan
Slide 6: Strong balance sheet
STRONG BALANCE SHEET ASSETS1 EQUITY AND LIABILITIES1 (€m) 6M/2019 2018 (€m) 6M/2019 2018 Intangible assets 494 493 Share capital 110 110 Rights from concession Capital reserves 2,315 2,315 arrangements 592 601 Retained earnings 1,075 1,195 PP&E & investment property 2,553 2,144 Non-controlling inter
Slide 7: Higher working capital increase
HIGHER WORKING CAPITAL INCREASE (€m) 6M/19 ∆% 6M/18 Cash – beginning of period 2,384 -15 2,790 Cash flow from earnings 229 55 148 ∆ Working Capital -550 -86 -295 Cash flow from operating activities -321 -118 -147 Cash flow from investing activities -299 -8 -277 Cash flow from financing activities -1
Slide 8: North + West: unbroken boom in all markets
NORTH + WEST: UNBROKEN BOOM IN ALL MARKETS KEY INDICATORS COMMENTS (€m) 6M/19 Δ% 6M/18 ● Output volume increased by 9% Output volume 3,552 9 3,259 ● Seasonally usual negative EBIT somewhat weakened Revenue 3,265 10 2,970 ● Order backlog fell slightly (-2%): Order backlog 9,215 -2 9,403 − Execution o
Slide 9: South + East: margins approach group level
SOUTH + EAST: MARGINS APPROACH GROUP LEVEL KEY INDICATORS COMMENTS (€m) 6M/19 Δ% 6M/18 ● Output volume climbs by 8% thanks to Austria, Hungary, Czech Republic and Serbia Output volume 2,068 8 1,916 ● EBIT slid further into negative territory – provisions as well Revenue 1,957 7 1,824 as margins appr
Slide 10: International + Special Divisions: jump in EBIT
INTERNATIONAL + SPECIAL DIVISIONS: JUMP IN EBIT KEY INDICATORS COMMENTS (€m) 6M/19 Δ% 6M/18 ● Output volume up by 11% due to large-scale projects in tunnelling in the UK, Germany and Chile Output volume 1,832 11 1,653 ● Favourable environment in real estate development, Revenue 1,749 16 1,503 positi
Slide 11: Outlook 2019 confirmed
OUTLOOK 2019 CONFIRMED ● Output volume 2019 should exceed € 16 billion ● Targeted EBIT margin (EBIT/revenue) 2019 of ≥ 3,3% 11 6M/2019, August 2019
Slide 12: Faster Together 2022 – The STRABAG Action Plan
FASTER TOGETHER 2022 – THE STRABAG ACTION PLAN
Slide 13: Your questions, please
YOUR QUESTIONS, PLEASE 30 AUGUST 2019