Slide 1: STRABAG SE January–March 2015 Results
STRABAG SE JANUARY–MARCH 2015 RESULTS 29 MAY 2015
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 grows by 5%
OUTPUT VOLUME GROWS BY 5 % OUTPUT VOLUME (€M) 20000 ● Increases in several markets, mainly in Poland, Germany, Chile and Slovakia 13,566 5% 2,468 2,344 0 3M/15 3M/14 2014 ORDER BACKLOG (€M) 20000 4% ● New large orders in Denmark and multiple 15,128 transportation infrastructure contracts in Poland 1
Slide 4: EBITDA and EBIT less deeply in negative territory
EBITDA AND EBIT LESS DEEPLY IN NEGATIVE TERRITORY EBITDA (€M) 750 720 ● Higher revenue leads to higher EBITDA; higher share of fixed costs covered 5% -66 -70 3M/15 3M/14 2014 -150 EBIT (€M) 450 ● Depreciation and amortisation more or less at last 282 3% year’s level (+1%) -159 -164 ● Segments South
Slide 5: Earnings per share at € -1.14 after € -1.29 (+12%)
EARNINGS PER SHARE AT € -1.14 AFTER € -1.29 (+12%) NET INCOME AFTER MINORITIES (€M) EARNINGS PER SHARE (€) 200 2 128 1.25 12% 12% -116 -132 -1.14 -1.29 3M/15 3M/14 2014 3M/15 3M/14 2014 0.5% -200 -2 ● Extraordinarily positive FX gains in Swiss franc leads to positive interest income ● Income tax aga
Slide 6: Equity ratio remains high at nearly 30%, net cash of € 56 million
EQUITY RATIO REMAINS HIGH AT NEARLY 30%, NET CASH OF € 56 MILLION ASSETS(1) LIABILITIES AND EQUITY(1) (€m) 3M/15 2014 (€m) 3M/15 2014 Intangible assets 543 536 Share capital 114 114 PP&E & investment property 2,026 2,048 Capital reserves 2,311 2,311 Associated companies 397 402 Retained earnings 381
Slide 7: Higher working capital needs
HIGHER WORKING CAPITAL NEEDS (€m) 3M/15 ∆% 3M/14 Cash – beginning of period 1,906 13 1,685 Cash flow from earnings -78 21 -98 ∆ Working Capital -107 -563 -19 Cash flow from operating activities -185 -57 -117 Cash flow from investing activities -33 32 -48 Cash flow from financing activities 204 n.m.
Slide 8: North + West: winter losses in transportation infrastructures business
NORTH + WEST: WINTER LOSSES IN TRANSPORTATION INFRASTRUCTURES BUSINESS KEY INDICATORS COMMENTS (€m) 3M/15 ∆% 3M/14 ● Output volume reached more or less the same Output volume 1,111 1 1,098 high level as the year before Revenue 1,033 -1 1,048 ● EBIT influenced by higher winter losses in Order backlog
Slide 9: South + East: more or less unchanged underlying business
SOUTH + EAST: MORE OR LESS UNCHANGED UNDERLYING BUSINESS KEY INDICATORS COMMENTS (€m) 3M/15 ∆% 3M/14 ● Output volume slightly up (+2%): Growth in Slovakia and Hungary, declines in Croatia and Austria Output volume 638 2 625 592 ● Positive contribution to EBIT by an agreement Revenue 4 571 reached re
Slide 10: International + Special Divisions: stable development
INTERNATIONAL + SPECIAL DIVISIONS: STABLE DEVELOPMENT KEY INDICATORS COMMENTS (€m) 3M/15 ∆% 3M/14 ● Growth in output volume (+15%) due to acquisition of 683 595 DIW Group last year as well as increases in Italy and Output volume 15 Chile Revenue 654 21 541 ● EBIT more or less unchanged Order backlog
Slide 11: Outlook 2015 reiterated
OUTLOOK 2015 REITERATED ● Output volume at € 14.0 bn expected ● EBIT forecast: ≥ € 300 m − 2014: € 282 m 3M/2015, May 2015 1 Page 11
Slide 12: STRABAG SE January–March 2015 Results: Q&A
STRABAG SE JANUARY–MARCH 2015 RESULTS Q&A WITH THOMAS BIRTEL, CEO STRABAG SE 29 MAY 2015