Strabag Se · VIE:STR
Strabag — Q1 2008 Earnings Presentation
10 slides from Strabag's earnings presentation, May 30, 2008
Slide 1: STRABAG SE – Q1/08 results
STRABAG SE – Q1/08 results 30 May 2008
Slide 2: Highlights Q1 2008 (and Q2 2008)
Highlights Q1 2008 (and Q2 2008) Order € 12,582 Mio. - +26 % compared to Q1/07 backlog Russian order backlog € 2 billion or 16 % of total order backlog, Total CEE share 42 % Projects S8 (Poland), Otkrytie & PIK (Russia), Airport Adler (Russia), Metro Algier (Algeria) Kirchhoff (Germany), Kirchner (G
Slide 3: Nine-month results reflecting growth
Nine-month results reflecting growth 3M 3M Growth Illustrative development of STRABAG’s (€m) 2008 2007 % operational results intra-year Output 1,923 1,718 12% Order backlog 12,582 10,014 26% Revenue 1,763 1,475 19% EBITDA -62 -61 n.m. Margin -3.5% -4.1% 31 Jan 31 Mar 30 Jun 30 Sep 31 Dec EBIT -138 -
Slide 4: Growth path carried on
Growth path carried on Output volume (€m) Order backlog (€m) +25.6% 12,582 10,014 10,742 10,746 +11.9% 1,718 1,923 Q1/07 Q1/08 2007 Q1/07 Q1/08 2007 Ebit (€m) Ebitda (€m) 596 312 -121 -138 -61 -62 2004 2005 2007 Q1/07 Q1/08 2007 4
Slide 5: Output volume by segment and region Q1/08
Output volume by segment and region Q1/08 Building Construction & Civil Engineering Transportation Infrastructures Rest of Rest of World Rest of World 12% Europe 6% Rest of 4% Europe 10% Germ any 34% CEE Germ any CEE 34% 45% 24% Austria 20% Austria Total: € 1,123 million 12% Total: € 591 million Spe
Slide 6: Building Construction & Civil Engineering
Building Construction & Civil Engineering Key Indicators Comments 58 % of group output volume + German output fell -5 %, Russia and Slovakia up + + 50 % and 37 % + Order backlog increased by 23 % - Russia at € 1,939.5 million, CEE share in order backlog 47 % New large projects: Output volume (€m) –
Slide 7: Transportation Infrastructures
Transportation Infrastructures Key Indicators Comments Output volume rose by 27 %, order backlog up 33 % - both largely due to Germany and Poland + + + Ebit margin improvement already visible in Q1 + New large projects: – Jade Weser Port, Germany (€ 404 million, 40 % share) – S8, Poland (€ 132 milli
Slide 8: Special Divisions & Concessions
Special Divisions & Concessions Key Indicators Comments Renamed from “Tunnelling & Services” to “Special Divisions & Concessions” + + Output volume +22 %, revenue +50 % (due to + construction-related services, not included in output) + New large projects: – M6 motorway, phase III (already awarded in
Slide 9: Outlook: Financials – Unchanged to outlook FY 2007
Outlook: Financials – Unchanged to outlook FY 2007 2007A (€m) 2008E 2009E Comments Increase of 15% to approximately € 12.4 Output volume 10,746 billion expected in 2008 Revenue 9,879 Stable ratio output vs. revenue 283 Higher depreciation in 2009 due to higher Depreciation CAPEX in 2008 2.9% of reve
Slide 10: STRABAG SE share price development
STRABAG SE share price development 120 % Share price development as of 19 October 2007 until 29 May 2008 110 % 100 % 90 % 80 % 70 % STRABAG SE 60 % ATX 10