Nordecon As · OMXTSE:NCN1T
Nordecon As — 9M 2012 Earnings Presentation
17 slides from Nordecon As's earnings presentation, 2012
Slide 1: Investor presentation 9m 2012
Investor presentation 9m 2012 Investor Presentation
Slide 2: Nordecon overview
Nordecon overview Investor Presentation
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 Gro
Slide 4: Nordecon Group's main strategic objectives until 2013 (incl.)
Nordecon Group’s main strategic objectives until 2013 (incl.) • 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
Slide 5: Business model
Business model Industrial buildings Commercial buildings Public buildings Residential buildings BUILDINGS OPERATIONAL ACTIVITIES INFRASTRUCTURE Road construction and maintenance Specialist engineering Other infrastructure - road construction - bridges, viaducts - environmental engineering - road mai
Slide 6: Group's strengths
Group’s strengths • An organisation with shareholders oriented towards long-term profitable growth • A flexible, horizontally integrated business model across the Group • Experienced management • Professional and loyal employees • Relative conservatism in risk-taking • Selected support services cent
Slide 7: Nordecon financial information and key facts 9m 2012
Nordecon financial information and key facts 9m 2012 Investor Presentation
Slide 8: Period in brief
Period in brief • Sales exceeded 9m 2011 comparative figure by 13% • Strong Q3 results in 3.8 mEUR gross profit compared to 2011 profit of 0.7 mEUR • Slow improvement in gross margin to continue in 2012 • Administrative expenses remain under control and below 3.5% of sales • The impact of strong ord
Slide 9: Key figures / ratios
Key figures / ratios Figure / Ratio 9m 2012 9m 2011 Revenue (tEUR) 117,054 103,260 Revenue growth/decrease, % 13,4% 37,2% Net profit/loss (tEUR) 1,988 -4,039 Gross margin, % 5.1% -0.7% EBITDA margin, % 3.2% -1.8% Net margin, % 1.7% -3.9% Earnings per share (EUR) 0.05 -0.14 Equity ratio, % 25.7% 27.6
Slide 10: Revenue and profit
Revenue Profit (tEUR) Revenue and profit (tEUR) 120 000 117 054 15 000 • Bottom of construction market in 2010 103 260 100 000 10 000 • Growth driven by improved competition situation in some segments and mainly by 6 026 80 000 75 257 public sector investments 5 000 • 2012 share of revenue attribute
Slide 11: Revenue by geographic regions
Revenue by geographic regions 9m 2010 9m 2011 9m 2012 Estonia Estonia Estonia Ukraine Belarus Finland Belarus Finland 9m 2010 9m 2011 9m 2012 • Main focus to remain in Estonia until 2013 (incl.) Estonia 96% 96% 99% Ukraine 3% 0% 0% • Works in Belarus ended in 2011 and will not continue in 2012 Belar
Slide 12: Order book
Order book Order book (tEUR) 160 000 155 421 146 070 • Order book reflects current market situation, 140 000 i.e. vast majority related with infrastructure projects (9m 2012: 70%) 120 000 100 000 • Order book has decreased due to gradual 89 430 performance of major contracts secured in 80 000 2011 a
Slide 13: Revenue distribution by segments
Revenue distribution by segments % of revenue 100 • Buildings segment projects realise faster than 90 civil engineering , i.e. stabilises the segments’ revenue in relation to order book that consists 80 mostly of infrastructure projects 53 52 70 58 60 • Infrastructure share expected to rise slightly
Slide 14: Revenue distribution – buildings
Revenue distribution – buildings % of revenue 100 • Public sector investments dominate market 90 33 80 45 44 • Industrial facilities (e.g. agriculture 70 investments) also financed by public sector 60 12 2 4 • Private investments in commercial property 50 slowly increasing 40 31 28 30 43 • Residenti
Slide 15: Revenue distribution – infrastructure
Revenue distribution – infrastructure % of revenue 100 8 10 5 • Road construction and maintenance segment 90 1 1 15 strong historically. Share decrease due to increases in other sub-segments. In gross 80 22 values slight increase of revenue over 2010- 70 33 2012 31 60 50 • Large share of EU supporte
Slide 16: Share and shareholders information OMX TALLINN
Share and shareholders information 700 1,3 Index/share 1.01.2012 30.09.2012 +/-% OMX Tallinn index 531.17 668.21 +25.80 660 1,2 NCN1T 0.90 EUR 1.19 EUR +32.22 OMX TALLINN 620 1,1 NCN1T OMX Tallinn NCN1T 580 1 540 0,9 500 0,8 01.2012 02.2012 03.2012 04.2012 05.2012 06.2012 07.2012 08.2012 09.2012 10.
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] Investor Presentation