Nordecon As · OMXTSE:NCN1T
Nordecon As — Q3 2011 Earnings Presentation
17 slides from Nordecon As's earnings presentation, 2011
Slide 1: Investor presentation Q3 2011
NORDECON Investor presentation Q3 2011
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 / 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 9m 2011
Nordecon financial information and key facts 9m 2011
Slide 8: Period in Brief
Period in Brief Sales as of Q3 exceeding 2010 total Profitability affected by seasonality (Q1) and booking of losses (Q2) Profitability returning, but slowly Order book growth exceeds sales growth Strong outside pressure on liquidity
Slide 9: Key Figures/Ratios
Key Figures/Ratios Figure / Ratio 9m 2011 9m 2010 Revenue (EUR’000) 103,260 75,257 Revenue growth/decrease, % 37.2% -40.2% Net profit/loss (EUR’000) -4,039 -6,233 Administrative expenses to revenue, % 3.2% 4.5% EBITDA margin, % -1.9% -2.7% Gross margin, % -0.7% -0.7% Net margin, % -3.9% -8.3% Equity
Slide 10: Revenue and Profit
Revenue and Profit Revenue mEUR Profit tEUR 15 000 • Bottom of construction 125 755 market in 2010 120 000 103 260 10 560 10 000 • Growth driven by laxed 100 000 competition in some 75 257 segments, public investment 80 000 5 000 2 851 increase 60 000 0 • Main focus is on restoring -546 -717 profita
Slide 11: Revenue by Geographic Regions
Revenue by Geographic Regions 9m 2011 9m 2010 9m 2009 Estonia Estonia Estonia Ukraine Belarus Ukraine Lithuania Belarus Finland Latvia 9m 2009 9m 2010 9m 2011 • Main focus to remain in Estonia Estonia 85% 96% 96% Ukraine 2% 3% 0% until 2013 Latvia 12% 0% 0% • Works in Belarus end in 2011 Lithuania 1
Slide 12: Order Book
Order Book mEUR 155 421 • Order book reflects current 160 000 market situation, i.e. 74% 140 000 related with infrastructure 120 000 projects 103 036 100 000 89 430 80 000 60 000 40 000 20 000 0 9m 2009 9m 2010 9m 2011
Slide 13: Revenue Distribution by Segments
Revenue Distribution by Segments % of revenue • Buildings segment projects 100 realize faster than civil 90 engineering , i.e. stabilize 80 the order book that consists 70 56 53 52 mostly of infrastructure 60 projects 50 40 30 44 47 48 20 10 0 9m 2009 9m 2010 9m 2011 Buildings Civil engineering
Slide 14: Revenue Distribution – Buildings
Revenue Distribution – Buildings % of revenue • Public sector financing 100 dominates market 90 23 33 • Industrial facilities (e.g. 80 4 45 agriculture investments) 70 9 also financed by public 60 12 sector 50 2 • Private clients have not 40 31 64 returned to market 30 43 20 • Residential buildings
Slide 15: Revenue Distribution – Civil Engineering
Revenue Distribution – Civil Engineering % of revenue • Road construction and 100 8 10 maintenance strong 90 10 1 1 historically 80 16 22 • Large share in EU supported 70 33 utility network and 60 31 environmental construction 50 • Port construction share to 40 69 increase in next quarters 30 56 20
Slide 16: Share Information
Share Information 810 1,6 OMX Tallinn NCN1T 1,5 760 1,4 710 OMX TALLINN 1,3 NCN1T 660 1,2 1,1 610 1 560 0,9 510 0,8 1.01.2011 1.04.2011 1.07.2011 1.10.2011 Index/share 01.01.2011 30.09.2011 +/‐% OMX Tallinn 698,38 536,60 ‐23,17 NCN1T 1,40 EUR 0,98 EUR ‐29,74
Slide 17: Contact Information
CONTACT INFORMATION 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]