Investor Presentation May 2023
- This presentation was prepared by PORR AG (the "Company") solely for use at investors' meetings and is provided solely for informational purposes.
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This presentation dates from May 2023. The facts and information contained herein might be subject to revision in the future. Neither the delivery of this presentation nor any further discussions of the Company with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since such date. None of the Company or any of its subsidiaries or any of its shareholders or any of such person's directors, officers, employees or advisors nor any other person makes any representation or warranty, express or implied as to, and no reliance should be placed on, the accuracy or completeness of the information contained in this presentation. None of the Company or any of its subsidiaries or any of its shareholders or any of such person's directors, officers, employees and advisors nor any other person shall have any liability whatsoever for any loss howsoever arising, directly or indirectly, from any use of this presentation.
The same applies to information contained in other material made available at the meeting. - This document is selective in nature and is intended to provide an introduction to, and overview of, the business of the Company. Wherever external sources are quoted in this presentation, such external information or statistics should not be interpreted as having been adopted or endorsed by the Company as being accurate.
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This presentation contains forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which the Company operates. These statements generally are identified by words such as "believes", "expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", and similar expressions. The forward-looking statements, including but not limited to assumptions, opinions and views of the Company or information from third party sources, contained in this presentation are based on current plans, estimates, assumptions and projections and involve uncertainties and risks. Various factors could cause actual future results, performance or events to differ materially from those described in these statements.
The Company does not represent or guarantee that the assumptions underlying such forward-looking statements are free from errors nor do they accept any responsibility for the future accuracy of the opinions expressed in this presentation. No obligation is assumed to update any forward-looking statements. - By accepting this presentation, you acknowledge that you will be solely responsible for your own assessment of the market and of the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the Company's business.
Investor presentation Q1 2023 | May 2023 | 2 |
1 | Strong start into the year |
Maintaining stability and building value |
2 | Record order backlog at EUR 8.2 bn (+2.2%) |
Major new order to come in Q2 |
3 | EBT at EUR 4.5m (EUR +3.9m) |
Positive bottom line despite seasonality in construction |
4 | Stable balance sheet |
Net debt reduction, strong liquidity |
5 | Outlook 2023 |
A promising roadmap for output and earnings |
Investor presentation Q1 2023 | May 2023 | 3 |
High-level output in construction
constructioninproduction | 2021Dec.byindexed | 106 | |
104 | |||
102 | |||
100 | |||
EU | |||
98 | |||
Dez 21 Mrz 22 Jun 22 Sep 22 Dez 22 Mrz 23 | |||
Civil Engineering | Building Construction |
Recovering order intakes
AustriainintakesOrder 2022Dec.byindexed | 140 |
120 | |
100
80
60
40 | |||
Dez 22 | Jan 23 | Feb 23 | Mrz 23 |
Civil Engineering Building Construction
• | Strong momentum in construction, | • | Mild recession to be followed by strong |
especially in RO, SK and AT | increase in output | ||
• | Civil engineering as major driver | • | EU funds direct investments to the |
in construction | CEE region |
Sources: Eurostat, Statistik Austria, Destatis / Genesis Data base
Investor presentation Q1 2023 | May 2023 | 4 |
Order backlog in EUR m
+26%
7,920 8,033 8,211
6,527
55%
Order intake in EUR m
+11%
1,850
1,429
58%
1,150
1,278
21% | 30% |
9%12% 5%10%
Q1 2020 | Q1 2021 | Q1 2022 | Q1 2023 | |
Civil engineering | Non-residential construction | |||
Residential construction | Miscellaneous | |||
50% | 58% | |||||
25% | 22% | |||||
13%12% | 15% | 5% | ||||
Q1 2020 | Q1 2021 | Q1 2022 | Q1 2023 | |||
Civil engineering | Non-residential construction | |||||
Residential construction | Miscellaneous | |||||
- Strong increase in industrial construction compensating lower residential construction
- Increase mainly from permanent business in DE and AT
- Normalisation in order intake after one-offeffects in previous years' Q1
- Major new orders in April + May (Brenner base tunnel, oncology hospital in Wrocław) to be recognized in Q2
Investor presentation Q1 2023 | May 2023 | 5 |
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Porr AG published this content on 24 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 May 2023 16:26:13 UTC.