Nordecon As · OMXTSE:NCN1T
Nordecon As — Q1 2012 Earnings Presentation
17 slides from Nordecon As's earnings presentation, 2012
Slide 1: Investor presentation Q1 2012
NORDECON Investor presentation Q1 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
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 3m 2012
Nordecon financial information and key facts 3m 2012
Slide 8: Period in Brief
Period in Brief Sales exceeded 2011 Q1 figure by 27% Gross profit affected by seasonality in Q1, but expectedly returned to positive compared to Q1 2011 Slow improvement in gross profit to continue in 2012 Strong order book growth in 2011 and Q1 2012 provides good basis for increasing sales
Slide 9: Key Figures/Ratios
Key Figures/Ratios Figure / Ratio 3m 2012 3m 2011 Revenue (tEUR) 22,475 17,723 Revenue growth/decrease, % 27% 58% Net profit/loss (tEUR) -1,408 -1,234 Administrative expenses to revenue, % 5.5% 6.0% EBITDA margin, % -2.9% -2.7% Gross margin, % 0.2% -0.4% Net margin, % -6.3% -7.0% Equity ratio, % 29.
Slide 10: Revenue and Profit
Revenue and Profit Revenue Profit tEUR tEUR 25,000 22,475 • Bottom of construction 1,500 market in 2010 20,000 17,723 • Growth driven by improved 500 competition situation in -73 36 some segments and by 15,000 -500 public sector investments 11,248 • Main focus is on restoring 10,000 -1,245 -1,500 pr
Slide 11: Revenue by Geographic Regions
Revenue by Geographic Regions 3m 2012 3m 2011 3m 2010 Estonia Estonia Estonia Belarus Ukraine Finland Finland 3m 2010 3m 2011 3m 2012 Estonia 96% 92% 98% • Main focus to remain in Estonia Ukraine 4% 0% 0% until 2013 Belarus 0% 5% 0% • Works in Belarus ended in 2011 Finland 0% 3% 2% and will not cont
Slide 12: Order Book
Order Book tEUR 136,235 • Order book reflects current 140,000 market situation, i.e. vast 120,000 majority related with infrastructure projects 100,000 91,974 88,603 • Increase contributed by large 80,000 road construction projects and rising average contract 60,000 values 40,000 20,000 0 3m 2010 3m
Slide 13: Revenue Distribution by Segments
Revenue Distribution by Segments % of revenue • Buildings segment projects 100 realize faster than civil 90 28 engineering , i.e. stabilize 80 46 49 the order book that consists 70 mostly of infrastructure 60 projects 50 • Infrastructure share 40 expected to rise during 30 72 remaining 2012 51 54 20
Slide 14: Revenue Distribution – Buildings
Revenue Distribution – Buildings % of revenue • Public sector investments 100 dominates market 90 • Industrial facilities (e.g. 80 34 42 agriculture investments) 70 58 also financed by public 60 16 sector 50 7 • Private investments in 40 28 3 32 commercial proprety slowly 30 28 increasing 20 22 • Re
Slide 15: Revenue Distribution – Civil Engineering
Revenue Distribution – Civil Engineering % of revenue • Road construction and 100 maintenance segment strong 15 4 90 historically 3 28 19 80 • Large share of EU supported 70 1 30 utility network and 60 41 environmental construction 50 (other engineering) 40 50 • Specialist engineering (port 30 52 co
Slide 16: Share Information
Share Information 640 1.2 OMX Tallinn NCN1T 620 1.1 600 OMX TALLINN NCN1T 580 1 560 540 0.9 520 500 0.8 1/1/2012 2/1/2012 3/1/2012 4/1/2012 Index/share 1.01.2012 31.03.2012 +/-% OMX Tallinn index 531.17 602.62 13.45 NCN1T 0.90 EUR 1.15 EUR 27.78
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]