Compagnie d'Entreprises CFE SA · EURONEXT:CFEB

Compagnie d'Entreprises CFE SA — CFE — FY2021 Earnings Presentation

79 slides from Compagnie d'Entreprises CFE SA's earnings presentation, February 2022

  1. Slide 1: Year Results 2021

    YEAR RESULTS 2021

  2. Slide 2: Separate listing of DEME

    Separate listing of DEME

  3. Slide 3: Partial demerger & separate listing of DEME

    Partial demerger & separate listing of DEME  On December 2nd 2021, the BoD announced its intention to split the group into two separate listed companies DEME (marine engineering) and CFE (contracting and real estate development activities) what allows (to):  Develop activities as two independent,

  4. Slide 4: Breakdown 2019/2020/2021 Discontinued/continued operations

    Breakdown 2019/2020/2021 Discontinued/continued operations DEME - discontinued operations CFE - continued operations Amounts in mio € 2019 2020 2021 2019 2020 2021 REVENUE 2,622.0 2,195.8 2,510.7 1,002.7 1,026.6 1,125.3 EBITDA 437.0 369.5 469.3 14.2 45.3 68.5 16.7% 16.8% 18.7% 1.4% 4.4% 6.1% EBIT 15

  5. Slide 5: Headlines 2021

    Headlines 2021

  6. Slide 6: Headlines 2021 – Pro forma figures

    Headlines 2021 – Pro forma figures (DEME considered as continued operations) REVENUE € 3,636.0 mio +12,8% (FY2020) NET INCOME Share of the group € 150.0 mio € 64 mio(FY2020) FY2021 ORDER BOOK € 7,526.6 mio +24,4% (2020) NET FINANCIAL € 505.7 mio DEBT € 601.4 mio (FY2020) YEAR RESULTS 2021 - Analyst

  7. Slide 7: Headlines 2021

    Headlines 2021  Revenue up sharply, at the same level as in 2019  Significant growth in EBIT, EBITDA and net income and higher than 2019  Strong decrease of Net Financial Debt by -15.9%  Record order book at more than € 7.5 billion YEAR RESULTS 2021 - Analyst presentation 7

  8. Slide 8: Headlines 2021 – IFRS figures

    Headlines 2021 – IFRS figures REVENUE € 1,125.3 mio +9.6% (FY2020) NET INCOME Share of the group € 150.0 mio € 64.0 mio (FY2020) FY2021 ORDER BOOK € 1,620.6 mio +6,049.1 (FY2020) NET FINANCIAL € 113.0 mio DEBT € 601.4 mio (FY2020) YEAR RESULTS 2021 - Analyst presentation 8

  9. Slide 9: Outlook

    Outlook Excluding exceptional items, CFE expects moderate growth in revenue and to maintain a high level of net profit for its continuing activities. Based on its order backlog and the present market conditions, DEME expects for 2022 a further increase of turnover, EBITDA and net result. As a With a

  10. Slide 10: CFE Group Futureproofed

    CFE Group Futureproofed

  11. Slide 11: Our ambitious Sustainability Goals and realisations

    Our ambitious Sustainability Goals and realisations Climate Neutral -40% GHG (scope 1-2) 35.580 tons of operations by 2050 Maintain LTIFR WW < 0,2 by 2030 relative reused materials to 2020 in our projects in 2021 -40% GHG (scope 1-2) 0 pumped By 2030 83.200m² by 2030 relative to 2008 water rejected

  12. Slide 12: Sustainable value creation

    Sustainable value creation We drive the energy transition towards The creation of green energy also allows DEME climate neutrality to meet its climate neutrality ambitions. DEME remains still very active in offshore wind farm projects, thus reaching almost the 2.500 wind turbines installed since the

  13. Slide 13: Sustainable value creation

    Sustainable value creation CFE obtained an excellent score of 27.8 (Medium risk) in the risk analysis carried out by Sustainalytics. With this score, the CFE group is positioned as one of the best companies in the sector We create sustainable shareholder value DEME’s entire long-term loan portfolio

  14. Slide 14: Continued operations

    Continued operations

  15. Slide 15: General description – continued operations

    General description – continued operations Belgium BPI Real Estate Development Grand Duchy of VMA Multitechnics Luxembourg MOBIX Rail & Utilities Poland Construction 3.137 employees/workers YEAR RESULTS 2021 - Analyst presentation 15

  16. Slide 16: Headlines 2021 – continued operations

    Headlines 2021 – continued operations REVENUE € 1,125.3 mio +9,6% (FY2020) NET INCOME Share of the group € 39.5 mio € 17,7 (FY2020) FY2021 ORDER BOOK € 1,620.6 mio +4,6% (2020) NET FINANCIAL € 113.0 mio DEBT € 112.4 mio (FY2020) YEAR RESULTS 2021 - Analyst presentation 16

  17. Slide 17: Headlines 2021 - continued operations

    Headlines 2021 - continued operations  Strong increases in revenue compared to 2020 (+9.6%) and even 2019 (+12.2%)  Stable Net Financial Debt € 113.0 million  Net income at record level € 39.5 million YEAR RESULTS 2021 - Analyst presentation 17

  18. Slide 18: Breakdown 2019/2020/2021 - continued operations

    Breakdown 2019/2020/2021 - continued operations CFE - continued operations Amounts in mio € 2019 2020 2021 REVENUE 1,002.7 1,026.6 1,125.3 EBITDA 14.2 45.3 68.5 1.4% 4.4% 6.1% EBIT 22.9 38.1 58.0 2.3% 3.7% 5.2% NET RESULT 12.0 17.7 39.5 1.2% 1.7% 3.5% Equity 84.8 95.3 133.8 Net Financial Debt 89.6 1

  19. Slide 19: Historical performance - continued operations

    Historical performance- continued operations Turnover (m €) Net result (m €) 1.400 50,00 1.200 CAGR (5Y): +25.0% 40,00 1.000 30,00 800 20,00 600 10,00 400 - 200 2016 2017 2018 2019 2020 2021 (10,00) 0 2016 2017 2018 2019 2020 2021 (20,00) -200 Contracting BPI Contracting BPI Run-off activities Elimi

  20. Slide 20: Balance Sheet

    Statement of consolidated financial position - continued operations Amounts in mio € FY2017 FY2018 FY2019 FY2020 FY2021 TOTAL GROUP EQUITIES 85.8 87.9 84.8 95.3 133.8 TOTAL NET FINANCIAL DEBT 64.2 107.6 89.6 112.4 113.0 BALANCE SHEET CAPITAL EMPLOYED 150.0 195.5 174.4 207.7 246.8 TANGIBLE FIXED ASSE

  21. Slide 21: Return On Equity (ROE) – continued operations

    Return On Equity (ROE) – continued operations Equity / NFD (m €) & Return on Equity (%) 160 45,0% 140 40,0% 35,0% 120 30,0% 100 25,0% 80 20,0% 60 15,0% 40 10,0% 20 5,0% 0 0,0% 2016 2017 2018 2019 2020 2021 Equity NFD ROE YEAR RESULTS 2021 - Analyst presentation 21

  22. Slide 22: CFE Contracting

    ce SRE WOTITrACting Re

  23. Slide 23: Key financials

    Key financials REVENUE € 1,039.7 mio +14.0% (FY2020) EBIT € 25.3 mio € 14.9 mio (FY2020) FY2021 ORDER BOOK € 1,567.0 mio +5.0% (FY2020) NET FINANCIAL € 85.9 mio SURPLUS € 123.4 mio (FY2020) YEAR RESULTS 2021 - Analyst presentation 23

  24. Slide 24: Takeaways

    Takeaways  Strong increases in revenue compared to 2020 (+14.0%) and even 2019 (+4.1%)  EBIT : € 25.3 million, +69.8% FY2020 (+34.6% FY2019) - Construction  Strong performance in Poland and Luxembourg  Brussels and Wallonia return to profit  Flanders remains loss-making - VMA  Stable compared

  25. Slide 25: Breakdown 2019/2020/2021

    Breakdown 2019/2020/2021 CFE Contracting Amounts in mio € 2019 2020 2021 REVENUE 998.7 911.9 1,039.7 EBITDA 33.1 33.1 43.9 3.3% 3.6% 4.2% EBIT 18.8 14.9 25.3 1.9% 1.6% 2.4% NET RESULT 9.5 5.5 13.9 1.0% 0.6% 1.3% Equity 83.7 78.4 90.4 Net Financial Debt 106.1 123.4 85.9 Order Book 1,385.5 1,492.6 1,5

  26. Slide 26: Historical turnover

    Historical turnover Turnover 2019-2021 VMA – Turnover (m€) 200 +9% 190 71% Construction 180 18% VMA MOBIX 170 160 11% 150 140 2019 2020 2021 MOBIX – Turnover (m€) Construction – Turnover (m€) 150 800 +46% -5% 750 100 700 650 50 600 0 550 2019 2020 2021 2019 2020 2021 YEAR RESULTS 2021 - Analyst pres

  27. Slide 27: Key financials

    Key financials EBIT margin Revenue (€ m) EBIT (€ m) (% revenue) Net result (€ m) 1,039.7 2021 25.3 2021 2.43% 2021 13.9 2021 911.9 2020 14.9 2020 1.63% 2020 5.5 2020 Breakdown Revenue Breakdown Order book (m€) (m€) 125 165 183 112 236 196 251 165 MOBIX VMA Construction 1,166 719 1,059 635 2020 2021

  28. Slide 28: Breakdown 1HY/2HY 2020/2021

    Breakdown 1HY/2HY 2020/2021 CFE Contracting CFE Contracting Amounts in mio € 1HY 2HY FY2020 1HY 2HY FY2021 REVENUE 423.2 488.7 911.9 521.0 518.7 1.039,7 EBIT -5.6 20.5 14.9 8.5 16.8 25.3 -1.3% 4.2% 1.6% 1.6% 3.2% 2.4% NET RESULT -7.6 13.1 5.5 4.6 9.3 13.9 -1.8% 2.7% 0.6% 0.9% 1.8% 1.3% Equity 65.2 7

  29. Slide 29: Key financials – Cashflow – Net financial surplus

    Key financials – Cashflow – Net financial surplus Operating Cash-Flows (€ m) Net Financial surplus (€ m) -8.7 2021 85.9 2021 4 46.8 2020 123.4 2020 6 .6 NFS Dec. 2020 EBITDA WCR & others op. Net Investment CF Dividends Fin. misc. NFS Dec. 2021 YEAR RESULTS 2021 - Analyst presentation 29

  30. Slide 30: Construction – Beurssite

    Construction – Beurssite © Stad Brugge 15,390 m2 Architects: Souto De Moura & META Location: Bruges Program: Meeting and architectuurbureau Convention Centre Status: Finished YEAR RESULTS 2021 - Analyst presentation 30

  31. Slide 31: Construction – City Dox

    Construction – City Dox 44,350 m22 40,000 m Program: Mixed-use: Architect: DDS+ Location: Anderlecht - Belgium Residential, office, retail Status: Finished YEAR RESULTS 2021 - Analyst presentation 31

  32. Slide 32: Construction – Gravity

    Construction – Gravity 39,000 m22 40,000 m Program: Mixed-use: Location: Differdange - Luxembourg Architect: Architectes Moreno Residential, co-living, office & Status: In progress retail YEAR RESULTS 2021 - Analyst presentation 32

  33. Slide 33: Construction – Tour & Taxis

    Construction – Tour & Taxis 73,207 m2 Architect: AWG Architecten – Sergison Location: Brussels - Belgium Program: Residential Bates architects - noAarchitecten Status: In progress YEAR RESULTS 2021 - Analyst presentation 33

  34. Slide 34: Construction – Panattoni Lodz

    Construction – Panattoni Lodz 77,253.1 m2 Architect: Pracownia Location: Lodz - Poland Program: Logistic buildings Projektowa « BLOK-ART » Status: Finished YEAR RESULTS 2021 - Analyst presentation 34

  35. Slide 35: Multitechnics

    Multitechnics Electro, HVAC & Building Management System (VMANAGER): HQ VMA – Sint-Martens-Latem (Belgium) YEAR RESULTS 2021 - Analyst presentation 35

  36. Slide 36: Multitechnics

    Multitechnics Fully automated BU AUTOMOTIVE References: Audi, Volvo, Porsche, … assembly lines YEAR RESULTS 2021 - Analyst presentation 36

  37. Slide 37: Rail & Utilities activities

    Rail & Utilities activities Renewal of track and signalling Ronse – Oudenaarde / Overhead lines Jabbeke / Relighting LuWa YEAR RESULTS 2021 - Analyst presentation 37

  38. Slide 38: BPI Real Estate Development

    @: BPI URBAN SHAPERS

  39. Slide 39: Key financials

    Key financials EBIT € 30.1 mio € 22.9 mio (FY2020) NET FINANCIAL DEBT € 86.0 mio € 106.2 mio (FY2020) FY 2021 NET RESULT € 23.0 mio € 13.2 mio (FY2020) CAPITAL € 190 mio EMPLOYED -0.8% (FY2020) YEAR RESULTS 2021 - Analyst presentation 39

  40. Slide 40: Takeaways

    Takeaways  Stable level of capital employed at € 190 million  High portfolio rotation - Belgium:  delivery of residential projects Ernest The Park, Hauts Prés, Park West  sale of 50% of the project under development Samaya  sale of the Renaissance project, office building in Liège - Luxembourg:

  41. Slide 41: Key financials

    Key financials Capital % EBIT/ Employed (€ m) Capital employed 190 2021 15.8% 2021 192 2020 11.9% 2020 Capital employed % EBIT/ Cap. Empl. 250 20,0% 200 15,0% 150 100 192 190 10,0% 17,6% 15,8% 133 139 143 11,9% 50 5,0% 9,5% 9,6% 0 0,0% 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 Wooden - Leude

  42. Slide 42: Breakdown 1HY/2HY 2020/2021

    Breakdown 1HY/2HY 2020/2021 BPI BPI Amounts in mio € 1HY 2HY FY2020 1HY 2HY FY2021 REVENUE 33.4 97.7 131.1 52.9 53.4 106.3 EBIT 5.7 17.2 22.9 10.8 19.3 30.1 17.2% 17.6% 17.5% 20.4% 36.1% 28.3% NET RESULT 3.2 10.0 13.2 8.5 14.5 23.0 9.5% 10.3% 10.1% 16.0% 27.3% 21.6% Equity 75.9 85.5 85.5 90.1 104.4

  43. Slide 43: Location of projects and breakdowns

    Location of projects and breakdowns PROJECTS 2021/2020 - 477.000 m²/545.000 m² Belgium Grand Duchy of Poland Luxembourg 264.000 m2 79.000 m2 134.000 m2 55% / 65% 17% / 13% 28% / 22% BREAKDOWN OF CAPITAL EMPLOYED 2021/2020 Design & Under development Construction Unsold units, post construction delive

  44. Slide 44: Location of projects and breakdowns

    Location of projects and breakdowns PROJECTS 2021/2020 – 264.000 m²/355.000 m² Belgium Brussels BREAKDOWN OF M2 BY TYPE 2021/2020 Residential Office Retail Other 70% / 73% 16% / 16% 3% / 2% 11% / 9% YEAR RESULTS 2021 - Analyst presentation 44

  45. Slide 45: Location of projects and breakdowns

    Location of projects and breakdowns PROJECTS 2021/2020 Luxembourg 79.000 m²/71.000 m² Poland 134.000 m²/119.000 m² Poland Grand Duchy of Luxembourg BREAKDOWN OF M2 BY TYPE 2021/2020 BREAKDOWN OF M2 BY TYPE 2021/2020 Residential Office Retail Other Residential Office Retail Other 70% / 72% 19% / 16%

  46. Slide 46: Samaya

    Samaya 90,000 m2 Program: Mixed-use: Architect: Urbaniste MSA - Montois Location: Ottignies/LLN - Belgium Residential (80,000 m2), senior Partners Architects (northern part) housing (4,500 m2), retail (3,000 Delivery: TBC m2), public services (2,500 m2) BPI stake: 50% YEAR RESULTS 2021 - Analyst pre

  47. Slide 47: Domaine des Vignes – Phase 2

    Domaine des Vignes – Phase 2 8,556 m2 Architect: Beiler François Fritsch Location: Mertert (Luxembourg) Program: Mixed-use: Residential Delivery: Phase 2: 2023 (76 units/8,056 m2), retail (500 m2) BPI stake: 100% YEAR RESULTS 2021 - Analyst presentation 47

  48. Slide 48: Storia - Matejki

    Storia - Matejki 92,518 m2 Program: Mixed-use: Residential Architect: SUD Architekt Polska Location: Poznań - Poland (856 units/64,366 m2), retail (9,937 Delivery: In progress m2) & office (18,215 m2) BPI stake: 50% YEAR RESULTS 2021 - Analyst presentation 48

  49. Slide 49: Projects under development

    Projects under development Key West - Brussels Brouck ‘R - Brussels Tervuren Square/17 College – Woluwe-St-Pierre The Roots – Belval Panoramiqa-Wagrowska - Poznan Bernadovo - Gdynia YEAR RESULTS 2021 - Analyst presentation 49

  50. Slide 50: Holding & other investments

    Holding & other investments

  51. Slide 51: Key financials

    Key financials EBIT(€ m) Net result (€ m) Net Financial Debt (€ m) 2.6 2021 2.6 2021 112.8 2021 0.3 2020 (1.0) 2020 129.6 2020  Green-Offshore contributes to € 2.5 million to the net result generated by the operations of Rentel and SeaMade OWF.  Net result of Rent-A-Port equals to € 1.8 million. Y

  52. Slide 52: Deep C

    Deep C 1 Deep C Haiphong I (541 ha) 2 Deep C Haiphong II (645 ha) 3 Deep C Haiphong III (520 ha) 5 1 4 4 Deep C Quang Ninh I (487 ha) 5 Deep C Quang Ninh II (1193 ha) 3 2 Location: Haiphong - Quang Ninh (Vietnam) YEAR RESULTS 2021 - Analyst presentation 52

  53. Slide 53: Green Offshore

    Green Offshore Rentel • 309 MW • CFE: 6.25% SeaMade • 487 MW • CFE: 4.38% SeaMade YEAR RESULTS 2021 - Analyst presentation 53

  54. Slide 54: Rent-A-Port – Estor-Lux

    Rent-A-Port – Estor-Lux Battery storage park in Bastogne (Belgium) YEAR RESULTS 2021 - Analyst presentation 54

  55. Slide 55: DEME

    Abu Qir port

  56. Slide 56: Key financials

    Key financials REVENUE € 2,510.6 mio +14.3% (FY2020) EBITDA € 469.3 mio +27.0% (FY2020) FY 2021 ORDER BOOK € 5,906.0 mio +31.2% (FY2020) NET Financial € 392.7 mio Debt € 489.0 mio (FY2020) YEAR RESULTS 2021 - Analyst presentation 56

  57. Slide 57: Takeaways

    Takeaways  Record order book: € 5.9 billion compared to € 4.5 billion end-year 2020, +31.2%. New key contracts: OWF Coastal Virginia in US (Offshore), OWF Vineyard Wind 1 in US (Offshore), Hinkley Point in UK (Offshore), EPCI contract for OWF Arcadis Ost 1 in Germany (Offshore), Cable-laying contra

  58. Slide 58: Key financials

    Key financials Revenue (€ m) Order book (€ m) EBITDA (€ m) EBITDA margin (% revenue) 2,510.6 2021 5,906.0 2021 469.3 2021 18.7% 2021 2,195.8 2020 4,500.0 2020 369.5 2020 16.8% 2020 2,622.0 5,906.0 2,510.6 469.3 18.7% 437.0 4,500.0 369.5 3,750.0 2,195.8 16.8% 16.7% 2019 2020 2021 2019 2020 2021 2019

  59. Slide 59: Key financials

    Key financials EBIT (€ m) (*) Net result (€ m) (*) Capex (€ m) Net Fin. Debt (€ m) 153.8 2021 114.6 2021 282.0 2021 392.7 2021 86.7 2020 50.4 2020 201.6 2020 489.0 2020 708,5 434.7 489,0 160.1 153.8 282.0 392,7 125.0 201.6 86.7 114.6 50.4 2019 2020 2021 2019 2020 2021 2019 2020 2021 2019 2020 2021 (

  60. Slide 60: Breakdown 1HY/2HY 2020/2021

    Breakdown 1HY/2HY 2020/2021 DEME DEME Amounts in mio € 1HY 2HY FY2020 1HY 2HY FY2021 REVENUE 1,047.9 1,147.9 2,195.8 1,063.0 1,447.6 2,510.6 EBITDA 153.8 215.7 369.5 187.2 282.1 469.3 14.7% 18.8% 16.8% 17.6% 19.5% 18.7% EBIT* 21.9 64.8 86.7 51.0 102.8 153.8 2.1% 5.6% 3.9% 4.8% 7.1% 6.1% NET RESULT*

  61. Slide 61: Capacity utilization (in weeks)

    Capacity utilization (in weeks) 41,4 2021 25,3 Hoppers 38,4 2020 11,1 Cutters 38,9 2019 26,7 YEAR RESULTS 2021 - Analyst presentation 61

  62. Slide 62: Key financials – Cashflow – Net financial debt

    Key financials – Cashflow – Net financial debt Operating cash-flow (€ m) Investing cash-flow (€ m) 422.4 2021 (266.4) 2021 401.8 2020 (147.1) 2020 .6 .6 NFD Dec. 2020 EBITDA WCR & others op. Net investment Net investment Financing CF NFD Dec. 2021 vessels In subsidiaries YEAR RESULTS 2021 - Analyst

  63. Slide 63: World regional spread

    World regional spread Europe – non EU 2021: 24% 2020: 6% Europe - EU 2021: 50% 2020: 77% Asia & Oceania 2021: 4% 2020: 7% America 2021: 2% 2020: 2% Africa Middle East 2021: 19% 2021: 0% 2020: 6% 2020: 0% Indian subcontinent 2021: 1% 2020: 2% YEAR RESULTS 2021 - Analyst presentation 63

  64. Slide 64: Order book spread

    Order book spread € 2.8 € 1.1 billion billion Order € 0.3 Order € 0.2 billion book billion € 2.2 billion book 2021 2020 € 0.9 € 0.9 billion € 1.7 billion billion € 0.2 € 0.1 billion billion Dredging and land reclamation Offshore Environmental Infra Others YEAR RESULTS 2021 - Analyst presentation 64

  65. Slide 65: Activity spread

    Activity spread 43% 36% Revenue Revenue 2021 2020 45% 6% 5% 40% 10% 9% 3% 3% Dredging and land reclamation Offshore Environmental Infra Others YEAR RESULTS 2021 - Analyst presentation 65

  66. Slide 66: Dredging and land reclamation

    Dredging and land reclamation Project: Design and build contract to deepen and widen the Swinoujscie-Szczecin Fairway fairway along a section of approximately 62 km Location: Poland Status: In progress YEAR RESULTS RESULTS2020 2021-- Analyst presentation 66

  67. Slide 67: Offshore

    Offshore Project: Installation of the jacket for the first offshore substation in Saint-Nazaire offshore wind farm France Location: Saint-Nazaire - France Status: In progress YEAR RESULTS RESULTS2020 2021--Analyst Analyst presentation presentation 67

  68. Slide 68: Infra

    Infra © Femern A/S Project: Design and build contract of the world’s longest immersed Fehmarnbelt road and rail tunnel between Denmark and Germany Location: Germany Status: In progress YEAR RESULTS RESULTS2020 2021--Analyst Analyst presentation presentation 68

  69. Slide 69: Blue Gate

    Blue Gate Project: Sustainable business park Location: Antwerp - Belgium Status: In progress YEAR RESULTS 2020 - Analyst presentation 69

  70. Slide 70: Status of investment plan

    Status of investment plan Vessels under construction • Orion (delivery foreseen in H1 2022) • Green Jade (delivery foreseen 2023) • Upgrade Sea Challenger & Installer (€ m) 700 600 500 400 300 614 200 405 441 435 372 369 373 282 100 176 195 202 99 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

  71. Slide 71: Spartacus and Groenewind

    Groenewind Spartacus Offshore maintenance & service vessel Cutter suction dredger 44,180 kW Click here and take a look behind the scenes of the construction of 'Spartacus’. YEAR RESULTS 2021 - Analyst presentation 71

  72. Slide 72: Orion and Green Jade

    Orion Green Jade Offshore installation vessel Floating offshore installation vessel 44,180 kW YEAR RESULTS 2021 - Analyst presentation 72

  73. Slide 73: Viking Neptun

    Viking Neptun Cable installation vessel Deck 7,000 t & Below deck 4,500 t YEAR RESULTS 2021 - Analyst presentation 73

  74. Slide 74: Ongoing developments

    Ongoing developments HYPORT® Duqm Green Hydrogen Deep sea harvesting – Patania II YEAR RESULTS 2021 - Analyst presentation 74

  75. Slide 75: Share performance

    Share performance

  76. Slide 76: Share performance

    Share performance AGENDA: Free Float 25.79% May 5, 2022 Ordinary Shareholders’ meeting May 19, 2022 VINCI AvH 12.11% 62.10% Publication of Q1 interim statements 2022 August 31, 2022 SHARE PRICE: 117.20 € Publication of half year results 2022 MARKET CAP: € 2,967.9 mio (25 feb. 22) November 23, 2022 P

  77. Slide 77: Glossary

    Glossary YEAR RESULTS 2021 - Analyst presentation 77

  78. Slide 78: Disclaimer

    Disclaimer This presentation has been prepared by the management of CFE Group. It provides information about the Company and its subsidiaries. This presentation may contain forward-looking objectives and statements about CFE’s financial situation, operating results, business activities and expansion

  79. Slide 79: Slide 79

CFE — FY2021 Earnings Presentation on 6ix