Koninklijke Heijmans N.v. · EURONEXT:HEIJM
Koninklijke Heijmans — Royal Heijmans — H1 2025 Earnings Presentation
27 slides from Koninklijke Heijmans's earnings presentation, Jul 25, 2025
Slide 1: Strong first half year and outlook upgrade for 2025
Strong first half year and outlook upgrade for 2025. Friday 25 July 2025
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by and is the responsibility of Royal 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 25 July 2025. The information may not be further distributed or passed on
Slide 3: Highlights film
Highlights film 3
Slide 4: Heijmans Family festival
Heijmans Family festival. 4
Slide 5: Safety
Safety Number of accidents* (incl. subcontractors and replacement work) H1 2025 H1 2024 2024 Accidents major impact 0,0 0,0 0,0 TRIR figure** (own personnel and subcontracted workers) Accidents medium impact 9.0 4.5 15.3 Accidents minor impact 27.0 34.4 56.4 10 Accidents impact total 36.0 38.9 71.7
Slide 6: Innovation helps to improve safety
Innovation helps to improve safety • Close attention to near misses: to proactively address safety, learn from them and make operations safer • Technical innovations help to make work even safer, such as emergency brake assistance on construction equipment • Winner of the Stedin Safety Award for com
Slide 7: The safety of road workers
The safety of & " road workers f = = J | \ L h a - , : ‘ Q.— es
Slide 8: Financial highlights
Financial highlights Revenue increases to € 1.310 billion Order book stable at € 3.0 billion (H1 2024: € 1.217 billion) (same as H1 2024) and of increasing quality Underlying EBITDA increases to € 112 million; Number of homes sold slightly margin 8.5% higher: 1,634 homes (H1 2024: € 91 million; marg
Slide 9: Technical services
Technical services.
Slide 10: Infra
heijmans
Slide 11: Housing market
Housing market. • Consistent government policy • STOER: Simplify regulations W on • Build what can be built • Stimulate affordability by increasing supply across all segments • Create a relocation carousel • Modular and industrial construction Ander beeld > w ordt aangelev erd door M art ijn (Zut hp
Slide 12: Van Wanrooij renamed: Whoon
whoon ontwikkelt. bouwt. versnelt.
Slide 13: Highlights
Highlights All passenger cars 200 new Technical First construction course Reservists covenant fully electric by the Service employees in for refugees with with Ministry of end of 2025 H1 2025 residence permit starts at Defence Koning Willem I College 13
Slide 14: Results per segment
Results per segment. 14
Slide 15: Heijmans is in control and improves profitability
Heijmans is in control and improves profitability Financial results Underlying EBITDA Share of revenue € million € million H1 2025 H1 H1 Delta 2024 150 51.2% Living Working 2025 2024 % 8.5% (38%) (25%) Revenue 1,310 1,217 +8% 2,584 7.5% 100 Underlying EBITDA 112 91 +23% 199 112 5,2.% 91 1,310 50 Und
Slide 16: Heijmans is in control and improves profitability
Heijmans is in control and improves profitability Financial results Underlying EBITDA Share of revenue € million € million H1 2025 H1 H1 Delta 2024 2025 2024 % 51.2% Living 150 Working Revenue 1,310 1,217 +8% 2,584 8.5% (38%) (25%) 7.5% 100 Underlying EBITDA 112 91 +23% 199 112 Underlying EBITDA 8.5
Slide 17: Highlights Living projects
Highlights Living projects A first in Veldhoven: Heijmans Construction starts on Completion of ‘Green Alleys’ in ONE homes on the move De Scharnier project on Utrecht (Whoon) Katendrecht in Rotterdam 17
Slide 18: Living: revenue in line with expectations
Living: revenue in line with expectations Financial results Underlying EBITDA Homes to be € million € million developed H1 H1 Delta % 2024 2025 2024 56,5% 36,800 37,800 40.000 Revenue (incl. intersegment) 493 485 2% 994 29,000 9.9% 30.000 Underlying EBITDA 49 41 20% 89 50 8.5% 20.000 Underlying EBIT
Slide 19: Highlights Working projects
Highlights Working projects Completion of Amsterdam UMC Completion of temporary Expansion of Eindhoven Airport (University Medical Center) accommodation for Ministry of terminal progressing well General Affairs 19
Slide 20: Working: growth through recurring business
Working: growth through recurring business Financial results Underlying Share of revenue € million EBITDA H1 2025 H1 H1 Delta 2024 € million 2025 2024 % 38.9% Recurring Projects 8.1% Revenue (incl. 332 304 9% 635 30 (68%) (32%) 7.2% intersegment) 20 5.8% 27 22 Underlying EBITDA 27 22 23% 47 10 14 33
Slide 21: Highlights Connecting projects
Highlights Connecting projects Extension of partnership with Contract for the upgrade of Execution of Lauwersmeerdijk Schiphol Airport, including work Maasbracht high-voltage flood protection assignment on runways substation for TenneT 21
Slide 22: Connecting: solid step in terms of profitability
Connecting: solid step in terms of profitability Financial results Underlying EBITDA Share of revenue € million € million H1 2025 H1 H1 Delta 2024 Recurring Projects 2025 2024 % 26.8% (34%) (66%) 50 Revenu (incl. 502 452 11% 997 7.4% intersegment) 6.6% 25 6,0%* 37 502 Underlying EBITDA 37 30 23% 70
Slide 23: Outlook 2025
Outlook 2025. 23
Slide 24: Upgrade outlook
Upgrade outlook OOK deze m,inder hoog maken • Outlook FY2025: ✓ Underlying EBITDA margin circa 9% (was at least 8%) ✓ Revenue of around € 2.75 billion • Well-filled order book with increasing quality • A solid positive net cash position by year-end 24
Slide 25: Addenda
Addenda.
Slide 26: Our strategy house
Our strategy house Our country is facing a number of major social issues such as: Climate change Declining biodiversity Housing shortage Labour shortage Energy transition Disrupted water balance Increasing tonetiness Need for social cohesion Increasing ageing population We are Our yellow heart This
Slide 27: Slide 27