Slide 1: STRABAG SE January–June 2022 Results
STRABAG SE JANUARY–JUNE 2022 RESULTS 31 AUGUST 2022
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: Order backlog reached an all-time high, output volume up by 9%
ORDER BACKLOG REACHED AN ALL-TIME HIGH, OUTPUT VOLUME UP BY 9 % OUTPUT VOLUME (€M) 25,000 ● Besides the core markets of Germany, Austria and the Czech Republic, the increased output volume 16,129 in the United Kingdom is of particular note 9% 7,588 6,943 0 6M/22 6M/21 2021 ORDER BACKLOG (€M) 14% 23,
Slide 4: Earnings down compared to previous year's exceptional levels
EARNINGS DOWN COMPARED TO PREVISOUS YEAR‘S EXCEPTIONAL LEVELS EBITDA (€M) 1,500 1,446 ● EBITDA decreased by 20 % -20% 406 325 0 6M/22 6M/21 2021 EBIT (€M) 1,500 ● Depreciation and amortisation comparable to six months 2021 896 ● EBIT declined by 55 % compared to the exceptionally good figure in the
Slide 5: Positive net income after minorities after six months
POSITIVE NET INCOME AFTER MINORITIES AFTER SIX MONTHS NET INCOME AFTER MINORITIES (€M) EARNINGS PER SHARE (€) 1,000 6 5.71 586 -54% -54% 0.86 88 0.39 40 0 0 6M/22 6M/21 2021 6M/22 6M/21 2021 ● Net interest income was positive at € 6 million after € -3 million in 6M/21; positive exchange rate differe
Slide 6: High equity ratio of more than 30%
HIGH EQUITY RATIO OF MORE THAN 30 % ASSETS1 EQUITY AND LIABILITIES1 (€m) 6M/2022 2021 (€m) 6M/2022 2021 Intangible assets 473 476 Share capital 103 103 Rights from concession Capital reserves 2,086 2,086 arrangements 483 493 Retained earnings 1,806 1,859 PP&E & investment property 2,638 2,533 Non-co
Slide 7: CFO more negative due to increased inventories and contract assets
CFO MORE NEGATIVE DUE TO INCREASED INVENTORIES AND CONTRACT ASSETS (€m) 6M/22 ∆% 6M/21 Cash – beginning of period 2,963 4 2,857 Cash flow from earnings 252 -27 347 ∆ Working Capital -858 -109 -410 Cash flow from operating activities -606 -869 -63 Cash flow from investing activities -289 -31 -220 Cas
Slide 8: North + West: order backlog again higher, earnings down
NORTH + WEST: ORDER BACKLOG AGAIN HIGHER, EARNINGS DOWN KEY INDICATORS COMMENTS (€m) 6M/22 Δ% 6M/21 ● Output volume up in Germany, slight declines in Poland, Denmark and the Benelux countries Output volume 3,703 9 3,391 ● EBIT decreased noticeably as 2021 was an exceptional Revenue 3,465 13 3,079 st
Slide 9: South + East: typical seasonal earnings effects
SOUTH + EAST: TYPICAL SEASONAL EARNINGS EFFECTS KEY INDICATORS COMMENTS (€m) 6M/22 Δ% 6M/21 ● Output volume rose by 11 %, primarily in Austria, Czech Republic an Hungary Output volume 2,303 11 2,084 ● EBIT, as usual, still in the negative terrain Revenue 2,274 11 2,049 ● Order backlog increased by 1
Slide 10: International + Special Divisions: successful large-scale projects
INTERNATIONAL + SPECIAL DIVISIONS: SUCCESSFUL LARGE-SCALE PROJECTS KEY INDICATORS COMMENTS (€m) 6M/22 Δ% 6M/21 ● Output volume higher by 8 % due to large-scale projects in the UK and the Middle East Output volume 1,525 8 1,417 ● EBIT up by 33 %: Revenue 1,500 7 1,398 − Earnings contribution from UK
Slide 11: Outlook 2022 confirmed
OUTLOOK 2022 CONFIRMED ● Output volume 2022 should reach € 16.6 billion ● EBIT margin (EBIT/revenue) of at least 4 % for the 2022 financial year as a whole ● CAPEX (cash flow from investing activities) forecast to not exceed € 550 million SECOND BEST HALF-YEAR RESULT AFTER 2021 RECORD YEAR 200 10,00
Slide 12: Your questions, please
YOUR QUESTIONS, PLEASE 31 AUGUST 2022