Implenia Ag · SIX:IMPN

Implenia — H1 2023 Earnings Presentation

32 slides from Implenia's earnings presentation, Aug 16, 2023

  1. Slide 1: Half-Year Results

    Analysts and Media Conference Glattpark (Opfikon) 16 August 2023 January-June 2023 HALF-YEAR RESULTS © Implenia

  2. Slide 2: Disclaimer

    LEGAL NOTICE DISCLAIMER This presentation contains forward looking statements which reflect Management’s current views and estimates. The forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those contained in the forward-lookin

  3. Slide 3: Agenda – Analysts and Media Conference

    2023 HALF-YEAR RESULTS AGENDA – ANALYSTS AND MEDIA CONFERENCE Business Update Finance Update Market Outlook Q&A André Wyss Stefan Baumgärtner André Wyss André Wyss CEO CFO CEO CEO Stefan Baumgärtner CFO © Implenia Half-Year Results | August 2023 3

  4. Slide 4: With strong first-half results Implenia is on track

    All Divisions are excellently positioned in the With strong first- market, offering an half results attractive range of EBIT of services Implenia is on track CHF 49.9 million; Equity ratio raised to meet 2023 currency-adjusted further to 18.0% revenue higher than targets previous year, order book fu

  5. Slide 5: Business Update

    BUSINESS 2023 Half-Year Results UPDATE Implenia Group and Divisions © Implenia

  6. Slide 6: First half of 2023 – on track to meet 2023 targets

    BUSINESS UPDATE FIRST HALF OF 2023 – WITH STRONG FIRST-HALF RESULTS IMPLENIA IS ON TRACK TO MEET 2023 TARGETS 7,282 (+2%) 1,731 (-2%) 49.9 (-47%) ▪ Foreign currencies have negative impact on order book, revenue and currency-adjusted 7,499 (+5%) currency-adjusted 1,807 (+2%) currency-adjusted 52.5 (-

  7. Slide 7: Our 4 Divisions

    CIVIL REAL ESTATE ENGINEERING BUILDINGS SPECIALTIES OUR 4 DIVISIONS © Implenia

  8. Slide 8: Real Estate – on track to achieve 2023 EBIT target

    BUSINESS UPDATE REAL ESTATE – ON TRACK TO ACHIEVE 2023 EBIT TARGET 159 (+22% to HY1.2022) 16.1 (-79%) ▪ EBIT3) of CHF 16.0 million as expected below previous year due to above-average earnings currency-adjusted 16.0 (-79%) contribution from sale of major projects in Real Estate Portfolio1) EBIT Wint

  9. Slide 9: Real Estate – developing sustainable property and sites

    BUSINESS UPDATE REAL ESTATE – DEVELOPING SUSTAINABLE PROPERTY AND SITES IN ATTRACTIVE LOCATIONS, AND SCALABLE PRODUCTS Acquisition & project Product development “Green Completion of “Tender”, Site development “Baar Süd”, development, Nyon, Hospitality”, Germany Lokstadt, Winterthur, Baar, Switzerlan

  10. Slide 10: Buildings – increased revenue and EBIT; Wincasa contribution expected

    BUSINESS UPDATE BUILDINGS – INCREASED REVENUE AND EBIT; POSITIVE CONTRIBUTION EXPECTED FROM WINCASA TRANSACTION IN FY 2023 2,814 (-10%) 906 (+6%) 18.2 (+4%) ▪ Operating performance1) excl. Wincasa rises to CHF 20.2 million currency-adjusted 2,832 (-10%) currency-adjusted 920 (+ 8%) currency-adjusted

  11. Slide 11: Buildings – Wincasa acquisition creates synergy and growth potential

    BUSINESS UPDATE BUILDINGS – WINCASA ACQUISITION CREATES ATTRACTIVE SYNERGY AND GROWTH POTENTIAL Leading real estate services in property, construction and Half year 2023: post-acquisition integration and positive EBIT sustainability management contribution as planned ▪ Forward integration and bundli

  12. Slide 12: Buildings – planning, building and managing large, complex properties

    BUSINESS UPDATE BUILDINGS – PLANNING, BUILDING AND MANAGING LARGE, COMPLEX PROPERTIES FOR DEMANDING CLIENTS Quartier de l’Etang, New lab building, Department of Center management Shopping Modernisation Brannhof, Geneva, Switzerland Biomedicine, Basel, Switzerland Arena, St. Gallen, Switzerland Zuric

  13. Slide 13: Civil Engineering – significant increase in EBIT; record order book

    BUSINESS UPDATE CIVIL ENGINEERING – SIGNIFICANT INCREASE IN EBIT; ORDER BOOK AT RECORD LEVEL AND OF BETTER QUALITY 4,302 (+11%) 891 (-3%) 11.7 (>100%) ▪ Significant improvement in EBIT2) to CHF 13.9 million, mostly due to better currency-adjusted 4,498 (+16%) currency-adjusted 958 (+5%) currency-adj

  14. Slide 14: Civil Engineering – energy and mobility infrastructure projects for Europe

    BUSINESS UPDATE CIVIL ENGINEERING – PLANNING AND BUILDING FUTURE-ORIENTED ENERGY AND MOBILITY INFRASTRUCTURE PROJECTS FOR EUROPE “Spitallamm” Dam, European base tunnel projects: District heating tunnel under the Elbe, Grimsel, Switzerland Gotthard, Semmering, Lyon-Turin, Brenner Hamburg, Germany © I

  15. Slide 15: Specialties – multi-year transformation going well

    BUSINESS UPDATE SPECIALTIES – MULTI-YEAR TRANSFORMATION OF THE DIVISION GOING WELL 166 (+19%) 74 (-6%) 1.6 (+91%) ▪ EBIT1) up to CHF 1.7 million currency-adjusted 170 (+21%) currency-adjusted 77 (-3%) currency-adjusted 1.7 (>100%) ▪ Revenue1) slightly below prior-year period at CHF 77 million, due t

  16. Slide 16: Specialties – innovative projects with specialised units

    BUSINESS UPDATE SPECIALTIES – PLANNING AND IMPLEMENTING INNOVATIVE PROJECTS WITH SPECIALISED UNITS Alster Schwimmhalle, Facade Cellforce Produktion, Construction Logistics Station expansion, Geotechnical Systems Technology, Hamburg, Germany (BCL), Reutlingen-Nord, Germany (BBV Systems), Groningen, N

  17. Slide 17: Finance Update

    Finance Update 2023 Half-Year Results © Implenia

  18. Slide 18: Positive consolidated profit in first half year

    FINANCE UPDATE POSITIVE CONSOLIDATED PROFIT IN FIRST HALF YEAR Consolidated income statement (abridged) CHF m ▪ Strong EBIT of CHF 49.9 million and 2.9% HY1.2023 HY1.2022 EBIT margin thanks to profitable business in all Divisions; prior year period including above-average earnings contribution from

  19. Slide 19: Foreign currency effects impact order book, revenue and EBIT

    FINANCE UPDATE FOREIGN CURRENCY EFFECTS HAVE NEGATIVE IMPACT ON ORDER BOOK, REVENUE AND EBIT Order book Revenue EBIT ▪ Negative foreign currency CHF m CHF m CHF m translation effect, mainly from NOK/CHF +5% ▪ Currency-adjusted order book +2% -3% up 5% on prior year -4% ▪ Currency-adjusted revenue 2%

  20. Slide 20: Stable total assets despite Wincasa acquisition

    FINANCE UPDATE STABLE TOTAL ASSETS DESPITE WINCASA ACQUISITION THANKS TO CONSISTENT FOCUS ON ASSET-LIGHT STRATEGY Assets (abridged) CHF m ▪ Cash and cash equivalents seasonally 30.06.2023 31.12.2022 30.6.2022 lower and influenced by initial payment of Cash and cash equivalents 230.4 608.8 496.9 Winc

  21. Slide 21: Further increase in equity ratio to 18.0%

    FINANCE UPDATE FURTHER INCREASE IN EQUITY RATIO TO 18.0% THANKS TO POSITIVE CONSOLIDATED PROFIT AND STABLE TOTAL ASSETS Liabilities (abridged) CHF m 30.06.2023 31.12.2022 30.06.2022 ▪ Trade payables and other current liabilities largely stable despite Wincasa Trade payables 604.8 625.7 681.2 acquisi

  22. Slide 22: Significant increase in equity to CHF 501.4 million

    FINANCE UPDATE SIGNIFICANT INCREASE IN EQUITY TO CHF 501.4 MILLION THANKS TO POSITIVE HY1 CONSOLIDATED PROFIT Change in equity ▪ Further strengthening of equity by CHF m CHF 18.7 million due to good HY1 consolidated profit -7.3 ▪ Increase in equity ratio to 18.0% despite -6.7 501.4 Wincasa acquisiti

  23. Slide 23: First-half cash flow subject to seasonal influences

    FINANCE UPDATE FIRST-HALF CASH FLOW SUBJECT TO SEASONAL INFLUENCES; SUSTAINABLE POSITIVE FREE CASH FLOW FROM PROFITABLE OPERATING BUSINESS Change in cash and cash equivalents ▪ Change in cash and cash equivalents in CHF m first half seasonally affected as expected 609 ▪ Expected exceptional effects

  24. Slide 24: Implenia confirms EBIT expectation for 2023 of CHF ~120 million

    FINANCE UPDATE IMPLENIA CONFIRMS EBIT EXPECTATION FOR 2023 OF CHF ~120 MILLION 2023 profitability target Short to mid term target Mid to long term target EBIT margin EBIT margin EBIT CHF ~120 million ~3.5% EBIT margin >4.5% EBIT margin Strong operating business at all Divisions; lower EBIT contribut

  25. Slide 25: Market Outlook

    MARKET OUTLOOK 2023 Half-Year Results © Implenia

  26. Slide 26: European construction output forecast slows down

    MARKET OUTLOOK FORECAST FOR OVERALL EUROPEAN CONSTRUCTION OUTPUT SLOWS DOWN, SECTOR SPLIT SHOWS POSITIVE DEVELOPMENT FOR CIVIL ENGINEERING Overall construction output in relevant markets Challenging market environment, some sectors more resilient Forecast average investment 2023 – 2025 Buildings Civ

  27. Slide 27: Positioned to benefit from megatrends and industry changes

    MARKET OUTLOOK IMPLENIA IDEALLY POSITIONED TO BENEFIT FROM THE OPPORTUNITIES PRESENTED BY MEGATRENDS AND CHANGES IN THE INDUSTRY Population growth and Investments in ESG/sustainability Digitalisation and urbanisation infrastructure and energy transition industrialisation ▪ Densification, vertical ci

  28. Slide 28: Implenia is excellently positioned for sustainable success

    IMPLENIA IS EXCELLENTLY POSITIONED FOR SUSTAINABLE SUCCESS © Implenia

  29. Slide 29: With strong first-half results Implenia is on track

    All Divisions are excellently positioned in the With strong first- market, offering an half results attractive range of EBIT of services Implenia is on track CHF 49.9 million; Equity ratio raised to meet 2023 currency-adjusted further to 18.0% revenue higher than targets previous year, order book fu

  30. Slide 30: Agenda and Contacts

    AGENDA AND CONTACTS Agenda 2023 annual results 28.02.2024 Annual General Meeting 26.03.2024 Contacts Investors Jin Wiederkehr, Head Investor Relations [email protected] +41 58 474 35 04 Media Silvan Merki, CCO [email protected] +41 58 474 74 77 © Implenia Half-Year Results | August 2023 30

  31. Slide 31: Questions & Answers

    QUESTIONS & ANSWERS © Implenia

  32. Slide 32: Thank you very much!

    THANK YOU VERY MUCH! © Implenia

Implenia — H1 2023 Earnings Presentation on 6ix