Slide 1: STRABAG SE | FY 2023 Results
STRABAG SE | FY 2023 RESULTS OUR FAVOURITE PROJECTS: CHALLENGES We're driving progress and rethinking construction in over 250 innovative projects. STRABAG WORK ON PROGRESS
Slide 2: Disclaimer
Disclaimer This presentation is made by STRABAG SE (the "Company") solely for use at This presentation contains forward-looking statements relating to the investor meetings and is furnished to you solely for your information. business, financial performance and results of the Company and/or the indu
Slide 3: Today's speaker
Today‘s speaker Klemens Haselsteiner CEO STRABAG SE
Slide 4: 1 | Highlights
, bY WORK ON PROGRESS ) / — —) ae ee
Slide 5: Executive summary: Strong performance despite cooldown in construction industry
FY 2023 | Executive summary Strong performance despite cooldown in the construction industry New record for output volume € 19.1 bn Growth in almost all of the Group’s core markets +8% vs. 2022 Order backlog largely unchanged € 23.5 bn Ongoing high level despite sharp declines on residential constru
Slide 6: Executive summary: Balance sheet further strengthened
FY 2023 | Executive summary Strong performance despite cooldown in the construction industry Balance sheet further strengthened € 3.5 bn Cash and cash Net cash position and equity ratio increased on a very high level ON TRACK FOR equivalents ANOTHER STRONG Strategic investments in 2023 M&A in 2023 t
Slide 7: Mixed trends in underlying markets
FY 2023 | Executive summary Mixed trends in underlying markets Infrastructure Building construction Public vs. private customers • Solid business activity • Sharp declines on residential • Noticeable shift from private to construction market public customers visible in • Positive trends, especially
Slide 8: Landmark projects acquired in 2023
FY 2023 | Order intake Landmark projects acquired in 2023 Construction of Construction of Extension of replacement medical U5 underground building for Ruhr rehabilitation line University centre Hamburg Bochum Vienna Germany Germany Austria ~ € 582 mn ~ € 270 mn ~ € 138 mn until 2033 until 2027 until
Slide 9: Progress in sustainability management
FY 2023 | Sustainability Progress in sustainability management Our ESG ratings & ESG committment Positive results in 2023 ESG ratings • CDP upgrade to B in 2023 (climate change) • Sustainalytics 33.8/100 points (last evaluation: 2022) • MSCI BBB (first time participation in 2023) • Ecovadis 67/100 p
Slide 10: 2 | Financial Review 2023
2 | Financial Review 2023
Slide 11: New record for output, backlog already extends into 2025
FY 2023 | Results New record for output, backlog already extends into 2025 Output volume (€ mn) Output volume by region (%) High dynamics of output growth +8% • Growth in almost all key markets 5 19,139 8 17,735 • Largest increases in Germany, Romania and 16,129 Germany Poland 24 47 Austria • Declin
Slide 12: Net income reached an all-time high
FY 2023 | Results Net income reached an all-time high EBITDA (€ mn) EBIT (€ mn) Net income after +13% minorities (€ mn) 1,446 1,418 1,257 +25% 896 880 +33% 706 631 586 472 2021 2022 2023 2021 2022 2023 2021 2022 2023 • EBITDA margin of 8.0% (2022: 7.4%) • Depreciation and amortisation decreased • Ne
Slide 13: EPS significantly up despite capital increase
FY 2023 | Results EPS significantly up despite capital increase 31 Dec. 2023 Higher dividend proposal 31 Dec. 2023 PRO-FORMA REPORTED incl. capital increase • Proposed DPS of € 2.201) (2022: € 2.00) • Dividend payout ratio of 41%2) 115.7 • In line with dividend policy: 100.1 15.6 30-50% of net incom
Slide 14: Robust balance sheet further strengthened
FY 2023 | Results Robust balance sheet further strengthened Net debt (+) / Net cash (-) in (€ mn) Noticeably higher net cash position • Increase in cash and cash equivalents and a further reduction in financial liabilities -249 -449 • Unexpected reduction in working capital -1,094 -1,218 -1,144 -1,3
Slide 15: Cash and cash equivalents increased to € 3.5 bn
FY 2023 | Results Cash and cash equivalents increased to € 3.5 bn (€ mn) 2023 2022 Δ% Cash and cash equivalents at the beginning of the period 2,702 2,963 -9 Cash flow from earnings 1,305 1,062 23 ∆ Working Capital 512 -249 n.m. Cash flow from operating activities1) 1,817 813 >100 Cash flow from inv
Slide 16: Investments in 2023 reflecting priorities of Strategy 2030
FY 2023 | Results Investments in 2023 reflecting priorities of Strategy 2030 (selection) Global-local presence Expertise in the energy sector Depth of value creation FACILITY MANAGEMENT BATTERY & ENERGY MEP MANAGEMENT TIMBER CONSTRUCTION COMPANY BOCKHOLDT STORAGE COMPANY CMBLU COMPANY HANS LOHR COMP
Slide 17: 3 | Operational Review 2023
3 | Operational Review 2023 17 Investor Conference - Zürs 2023
Slide 18: Our business spans the entire construction value chain
FY 2023 | Operating segments Our business spans the entire construction value chain 8,217 8.9 Share of Output volume (€ mn) EBIT margin (%) Germany, Switzerland, North + West1) total output volume (%) 43 Benelux, Scandinavia, 11,207 22,136 Ground Engineering Order backlog (€ mn) Employees (FTE) Regi
Slide 19: North + West: Significant increase in earnings
FY 2023 | Operating segments North + West: Significant increase in earnings Key Indicators Performance 2023 (€ mn) 2023 2022 Δ% • Output volume: growth primarily in Germany, to a lesser extent in the Benelux countries and in Switzerland Output volume 8,217 7,865 4 • EBIT: absence of negative earning
Slide 20: South + East: EBIT margin above Group average
FY 2023 | Operating segments South + East: EBIT margin above Group average Key Indicators Performance 2023 (€ mn) 2023 2022 Δ% • Output volume: largest growth in Romania, Poland and Hungary Output volume 7,742 7,087 9 • EBIT: earnings improvements in Eastern and South-East Europe Revenue 7,344 6,789
Slide 21: International + Special Divisions: Fluctuations in project business
FY 2023 | Operating segments International + Special Divisions: Fluctuations in project business Key Indicators Performance 2023 (€ mn) 2023 2022 Δ% • Output volume: strongest growth in Germany, the UK and Italy Output volume 2,957 2,645 12 • EBIT: higher contributions in Property & Facility service
Slide 22: 4 | Share & Outlook 2024
STRABAG WORK ON PROGRESS
Slide 23: Capital measures to reduce the stake held by Rasperia completed
Share Capital measures1) to reduce the stake held by Rasperia completed Share capital increased to € 118,221,982 Ordinary non-cash capital increase as a final step registered in the commercial register as planned on 21 Mar. 2024 Stake held by Rasperia reduced to below 25% Rasperia’s shareholding
Slide 24: STRABAG SE shares
Share STRABAG SE shares Shareholder structure1) Update on shareholder MKAO “Rasperia Trading Limited” (Rasperia) 31.9% UNIQA/Raiffeisen • Actions brought by Rasperia against: 30.7% Haselsteiner Family • resolutions of 18th AGM 2022 and Extraordinary General Meeting 2022 – 24.1% MKAO "Rasperia ~ € 4.
Slide 25: STRABAG on track for another strong performance in 2024
Outlook 2024 STRABAG on track for another strong performance in 2024 „ With last year’s strong Output volume performance behind us, we expect ~ € 19.4 bn Slight increase expected, based on continuing high order backlog to be able to confirm our record output in 2024. With our strategy of People. Pla
Slide 26: Financial calendar & IR contact
STRABAG SE Financial calendar & IR contact Financial calendar 2024 IR contact Date Event Marco Reiter Head of Investor Relations Thu, 15 February 2024 FY 2023 figures: output volume, order backlog, +43 1 22422-1089 employees and outlook 2024 marco.reiter@strabag.com Thu, 25 April 2024 Annual and Sus
Slide 27: 5 | Annex
5 | Annex
Slide 28: Flexible business model proves its worth in volatile times
Annex Flexible business model proves its worth in volatile times Diversified portfolio balances Subcontracting mix (%) Portfolio mix (%) cyclical/project-driven nature 5 1 Transportation Infrastructures of construction 5 6 Building Construction 34 • Diversified business model 6 Civil Engineering Bui
Slide 29: Key figures of STRABAG SE
Annex Key figures of STRABAG SE Output volume Order backlog (€ mn) 2023 2022 Δ% Contribution by region Output volume 19,139 17,735 8 Order backlog 23,466 23,739 -1 Germany 47% 53% EBIT 880 706 25 Austria 16% 10% EBIT margin (% of revenue) 5.0 4.2 CEE 24% 19% Net income after minorities 631 472 33 Re
Slide 30: Consolidated statement of profit or loss (excerpt)
Annex Consolidated statement of profit or loss (excerpt) (€ mn) 2023 2022 Δ% Output volume 19,139.14 17,735.47 8 Revenue 17,666.54 17,025.85 4 Changes in inventories/own work capitalised 161.69 11.01 >100 Other operating income 302.31 236.76 28 Construction materials, consumables and services used -
Slide 31: Consolidated statement of financial position (excerpt)
Annex Consolidated statement of financial position (excerpt) Assets Equity and liabilities (€ mn) 31.12.2023 31.12.2022 (€ mn) 31.12.2023 31.12.2022 Goodwill and other intangible assets 524 467 Share capital 103 103 Rights from concession arrangements 453 473 Capital reserves 1,748 2,086 Retained ea