Slide 1: STRABAG SE January–September 2018 Results
STRABAG SE JANUARY–SEPTEMBER 2018 RESULTS 29 NOVEMBER 2018
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 12%
OUTPUT VOLUME ROSE BY 12 % OUTPUT VOLUME (€M) 20.000 20,000 ● Driven especially by German building construction 12% 14,621 & civil engineering business, Americas, Austria and Poland 11,646 10,383 0 9M/18 9M/17 2017 ORDER BACKLOG (€M) 13% 20.000 20,000 18,161 ● Order backlog remains above € 18 billio
Slide 4: EBITDA and EBIT positively impacted by one-off, underlying earnings higher as well
EBITDA AND EBIT POSITIVELY IMPACTED BY ONE-OFF, UNDERLYING EARNINGS HIGHER AS WELL EBITDA (€M) 1,000 1.000 835 ● Positive non-operating one-off in the amount of 27% € 55.31 million due to the acquisition of the 571 remaining 50% interest in PANSUEVIA (“step-up”) 448 ● EBITDA adjusted by one-off: € 5
Slide 5: Net income after minorities more than doubled
NET INCOME AFTER MINORITIES MORE THAN DOUBLED NET INCOME AFTER MINORITIES (€M) EARNINGS PER SHARE (€) 300 279 3 2.72 117% 117% 178 1.74 82 0.80 -100 -1 9M/18 9M/17 2017 9M/18 9M/17 2017 ● Net interest income at € -10 million after € -35 million in 9M/17, when negative internal exchange rate differen
Slide 6: High equity ratio despite balance sheet growth
HIGH EQUITY RATIO DESPITE BALANCE SHEET GROWTH ASSETS1 EQUITY AND LIABILITIES1 (€m) 9M/18 2017 (€m) 9M/18 2017 Intangible assets 495 499 Share capital 110 110 Rights from concession Capital reserves 2,315 2,315 arrangements 622 0 Retained earnings 1,017 945 PP&E & investment property 2,080 1,942 Non
Slide 7: Stronger working capital increase, higher investments
STRONGER WORKING CAPITAL INCREASE, HIGHER INVESTMENTS (€m) 9M/18 ∆% 9M/17 Cash – beginning of period 2,790 40 1,998 Cash flow from earnings 413 31 316 ∆ Working Capital -522 -30 -400 Cash flow from operating activities -109 -28 -85 Cash flow from investing activities -473 -95 -242 Cash flow from fin
Slide 8: North + West: good weather and good business in Germany
NORTH + WEST: GOOD WEATHER AND GOOD BUSINESS IN GERMANY KEY INDICATORS COMMENTS (€m) 9M/18 Δ% 9M/17 ● Output volume increased by 15% Output volume 5,556 15 4,814 ● EBIT higher by 71%; reflected good economic activity in the German TI segment Revenue 5,015 11 4,517 ● Growth in orders 19%; large order
Slide 9: South + East: high demand for personnel and subcontractor services weighs on margins
SOUTH + EAST: HIGH DEMAND FOR PERSONNEL AND SUBCONTRACTOR SERVICES WEIGHS ON MARGINS KEY INDICATORS COMMENTS (€m) 9M/18 Δ% 9M/17 ● Output volume climbs by 9% thanks to Austria, Output volume 3,324 9 3,044 Croatia and Hungary Revenue 3,189 15 2,769 ● EBIT fell by 34%; tense markets for human Order ba
Slide 10: International + Special Divisions reports enormous growth in EBIT
INTERNATIONAL + SPECIAL DIVISIONS REPORTS ENORMOUS GROWTH IN EBIT KEY INDICATORS COMMENTS (€m) 9M/18 Δ% 9M/17 ● Output volume up by 11% due to the work on large projects in the Americas Output volume 2,684 11 2,419 ● Sale of real estate developments and the absence of Revenue 2,462 20 2,051 burden f
Slide 11: Outlook 2018
OUTLOOK 2018 ● Output volume 2018 should clearly exceed € 15.0 billion − Previous target: at least € 15 billion − 2017: € 14.6 billion ● Operating EBIT margin (EBIT/revenue) 2018 now expected at ≥ 3.3% − Previous target: ≥ 3% 11 9M/2018, November 2018
Slide 12: Q&A 29 November 2018
[\ Ee corn 29 NOVEMBER 2018