Nordecon As · OMXTSE:NCN1T
Nordecon As — H1 2012 Earnings Presentation
17 slides from Nordecon As's earnings presentation, 2012
Slide 1: Investor presentation 6m 2012
NORDECON Investor presentation 6m 2012
Slide 2: Nordecon overview
@ NORDECON Nordecon overview
Slide 3: Nordecon in brief
Nordecon in brief KEY FACTS Nordecon is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructures segment. Geographically the Group operates currently in Estonia, Ukraine and Finland. The parent of the Gr
Slide 4: Nordecon Group's main strategic objectives until 2013
Nordecon Group’s main strategic objectives until 2013 To complete the significant adjustments to the Group’s structure and governance that were launched in 2009 in order to secure profitable and rapid growth in the rise phase of the market. To operate in Latvia, Lithuania and Belarus on a projec
Slide 5: Business Model
Business Model Industrial Commercial Residential Public buildings buildings buildings buildings SUPERSTRUCTURES/BUILDINGS OPERATIONAL ACTIVITIES INFRASTRUCTURES/CIVIL ENGINEERING Specialist Road construction Other infrastructure engineering - road construction - bridges, viaducts - environmental - r
Slide 6: Group's strengths and Core Competencies
Group’s strengths An organisation / shareholders oriented towards long-term profitable growth Organisationally separate engineering and construction businesses A flexible, horizontally integrated business model across the Group Experienced management Professional and loyal employees Rela
Slide 7: Nordecon financial information and key facts 6m 2012
Nordecon financial information and key facts 6m 2012
Slide 8: Period in Brief
Period in Brief Sales exceeded 6m 2011 figure by 16% Strong Q2 results in 2,2 mEUR gross profit compared to 2011 loss of 1,4 mEUR Slow improvement in gross margin to continue in 2012 Strong order book growth in 2011 and 2012 provides good basis for increasing sales in 2012 Strong outside p
Slide 9: Key Figures/Ratios
Key Figures/Ratios Figure / Ratio 6m 2012 6m 2011 Revenue (tEUR) 62,920 54,429 Revenue growth/decrease, % 16% 46% Net profit/loss (tEUR) -390 -3,716 Gross margin, % 3.5% -2.6% EBITDA margin, % 1.5% -4.2% Net margin, % -0.6% -6.8% Earnings per share (EUR) -0.02 -0.12 Equity ratio, % 25.0% 26.8% Admin
Slide 10: Revenue and Profit
Revenue and Profit Revenue tEUR Profit (tEUR) • Bottom of construction 70 000 62 920 6 000 market in 2010 60 000 54 429 4 000 • Growth driven by improved competition situation in 50 000 2 188 some segments and by 2 000 public sector investments 40 000 37 401 0 • Order book to continue 30 000 -1 428
Slide 11: Revenue by Geographic Regions
Revenue by Geographic Regions 6m 2011 6m 2012 6m 2010 Estonia Estonia Estonia Belarus Ukraine Finland Finland 6m 2010 6m 2011 6m 2012 • Main focus to remain in Estonia Estonia 94% 96% 99% Ukraine 6% 0% 0% until 2013 Belarus 0% 3% 0% • Works in Belarus ended in 2011 Finland 0% 1% 1% and will not cont
Slide 12: Order Book
Order Book 166 367 • Order book reflects current 160 000 market situation, i.e. vast 140 234 majority related with 140 000 infrastructure projects (6m 120 000 2012: 69%) 100 000 89 440 • Increase due large road construction projects and 80 000 bigger share of private 60 000 sector investment project
Slide 13: Revenue Distribution by Segments
Revenue Distribution by Segments % of revenue • Buildings segment projects 100 realize faster than civil 90 engineering , i.e. stabilizes 80 the order book that consists 54 54 54 70 mostly of infrastructure projects 60 50 • Infrastructure share 40 expected to rise slightly during remaining 2012 30 4
Slide 14: Revenue Distribution – Buildings
Revenue Distribution – Buildings % of revenue • Public sector investments 100 dominates market 90 • Industrial facilities (e.g. 80 38 49 agriculture investments) 70 54 also financed by public 60 sector 50 15 4 2 • Private investments in 40 21 commercial property slowly 30 28 increasing 20 38 • Resid
Slide 15: Revenue Distribution – Civil Engineering
Revenue Distribution – Civil Engineering % of revenue • Road construction and 100 6 maintenance segment strong 90 8 1 16 historically. Share decrease 1 16 80 due increase in other 26 subsegments. In gross 70 37 values slight increase in 60 38 revenue 50 • Large share of EU supported 40 65 utility ne
Slide 16: Share Information
Share Information 700 1,2 660 1,1 OMX TALLINN 620 NCN1T 1 OMX Tallinn NCN1T 580 0,9 540 500 0,8 1.01.2012 1.02.2012 1.03.2012 1.04.2012 1.05.2012 1.06.2012 1.07.2012 Index/share 1.01.2012 30.06.2012 +/-% OMX Tallinn index 531.17 623.26 17.34 NCN1T 0.90 EUR 1.17 EUR 30.00
Slide 17: Contact Information
CONTACT INFORMATION Nordecon AS Tel: +372 615 4400 www.nordecon.com Pärnu mnt 158/1 Tallinn 11317 Estonia Head of Finance and Investor Relations Raimo Talviste Tel: +372 615 4445 [email protected]