Nordecon As · OMXTSE:NCN1T
Nordecon As — Q4 2011 Earnings Presentation
17 slides from Nordecon As's earnings presentation, 2012
Slide 1: Investor presentation Q4 2011
NORDECON Investor presentation Q4 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 Group
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 project ba
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 and 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 Relative conserv
Slide 7: Nordecon financial information and key facts 12m 2011
Nordecon financial information and key facts 12m 2011
Slide 8: Period in Brief
Period in Brief Sales exceeded 2010 figure by 51%, a Profitability affected by seasonality in Q1 and booking of losses in Q2. In Q3 and Q4 gross profit returning, but slowly Strong order book growth compared to 2010. Good basis for 2012. Strong outside pressure on liquidity
Slide 9: Key Figures/Ratios
Key Figures/Ratios Figure / Ratio 12m 2011 12m 2010 Revenue (EUR’000) 149,622 99,312 Revenue growth/decrease, % 51% -36% Net profit/loss (EUR’000) -4,464 -12,738 Administrative expenses to revenue, % 3.1% 4.9% EBITDA margin, % -1.2% -5.4% Gross margin, % 0.1% -0.7% Net margin, % -3.0% -12.8% Equity
Slide 10: Revenue and Profit
Revenue and Profit Revenue tEUR Profit tEUR 160 000 154 594 149 622 10 000 • Bottom of construction market in 2010 140 000 8 711 8 000 6 000 • Growth driven by laxed 120 000 competition in some 99 312 4 000 segments, public investment 100 000 2 000 increase -700 195 80 000 0 • Main focus is on resto
Slide 11: Revenue by Geographic Regions
Revenue by Geographic Regions 12m 2011 12m 2010 12m 2009 Estonia Estonia Estonia Ukraine Ukraine Belarus Belarus Latvia Finland Finland 12m 2009 12m 2010 12m 2011 • Main focus to remain in Estonia Estonia 86% 94% 96% Ukraine 3% 2% 0% until 2013 Latvia 11% 0% 0% • Works in Belarus end in 2011 (Q1 Bel
Slide 12: Order Book
Order Book tEUR • Order book reflects current 140 000 134 043 market situation, i.e. 80% 120 000 related with infrastructure projects 100 000 97 827 85 607 80 000 60 000 40 000 20 000 0 12m 2009 12m 2010 12m 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 55 52 51 70 mostly of infrastructure 60 projects 50 40 30 45 48 49 20 10 0 12m 2009 12m 2010 12m 2011 Buildings Civil engineering
Slide 14: Revenue Distribution – Buildings
Revenue Distribution – Buildings % of revenue • Public sector financing 100 dominates market 90 18 • Industrial facilities (e.g. 80 6 35 44 agriculture investments) 70 10 also financed by public 60 10 sector 50 2 • Private clients have not 40 36 returned to market (low 30 66 42 share of commercial 2
Slide 15: Revenue Distribution – Civil Engineering
Revenue Distribution – Civil Engineering % of revenue • Road construction and 100 maintenance segment strong 8 9 8 90 1 historically 12 10 80 26 • Large share of EU supported 70 utility network and 60 31 35 environmental construction 50 • Specialist engineering (port 40 construction) share 30 64 49
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 1.01.2012 Indeks/share 01.01.2011 31.12.2011 +/-% OMX Tallinn 698,38 531,17 -23,94 NCN1T 1,40 EUR 0,90 EUR -35,67
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]