HOME OF

CONSTRUCTION

Investor Presentation: FY Results 2023

March 2024

DISCLAIMER

  • This presentation was prepared by PORR AG (the "Company") solely for use at investors' meetings and is provided solely for informational purposes.
  • This presentation dates from March 2024. 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.
  • 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: FY Results 2023

21.03.2024 I 2

1PORR

at a Glance

Investor presentation: FY Results 2023

21.03.2024 I 3

PORR IN BRIEF

ONE-STOP SHOP

N

B

G

U

I

S

I

E

L

D

D

D

OUR USP

E

T

E

M

Full-Service

A

O

V

L

Provider

N

O

I

S

E

#3

#3

#6

H

R

O

E

PERAT

  • 21,000 Staff members

EUR 8.5 bn Order backlog

EUR 6.6 bn Production output

EUR 130.7m Earnings before tax (EBT)

#7

#2

#1

#5

2.3% EBIT margin to sales

Home markets Project markets

Market position #

Investor presentation: FY Results 2023

21.03.2024 I 4

THE 4 D'S OF PORR

DEMAND IN INFRASTRUCTURE AND BUILDINGS

Deglobalisation

Decarbonisation

Digitalisation

Demographic change

Resilience &

+1.5°C max. &

Artificial intelligence &

Urbanisation &

regionalisation

climate neutrality

digital twins

ageing society

Nearshoring and reshoring to

Energy transformation and

Digital transformation and

Smart infrastructure,

build local supply chains

circular construction

operational excellence

affordable housing for generations

Industrial construction Storage buildings

Geothermal energy Pipeline construction

BIM 3D - 5D

Big data

Digital processes

Railway, Slab Track

Tunnels, bridges

R&D facilities

Clean rooms Data centers

Environmental engineering Power plants

LEAN Construction

Robotics

AR, VR

Roads

Rehab clinics, medical centers

Local logistics

Regional infrastructure

Recycling Thermal renov. & revitalisation

Digital site

Drones

3D printing

Residential

Hotels, educational buildings

Investor presentation: FY Results 2023

21.03.2024 I 5

FOCUS ON INTELLIGENT GROWTH

WITH GREEN AND LEAN

Intelligent Growth

Green and Lean

Company

Staff

LEAN

Best in Class: In construction

We live our PORR Principles

Desing-build contractor - one-

and technologies

stop shop for every process

Build on leading market

The best - Best Place to Work

Innovation leader in

position

construction technology

Sustainable profitability

Nurturing talent - lifelong

Pioneer in digitalisation -

ahead of revenue

learning for all of us

improving quality and

efficiency

Strong equity position and

We live diversity, equal

Lean, flexible and cost-

efficient deployment of

opportunities and

conscious

capital

performance

We inspire

We build

We rely

our customers.

on PORRians.

on LEAN Construction.

Investor presentation: FY Results 2023

ESG

Clear commitment to ecological, environmentally- friendly construction

Efficient and responsible use of resources and energy

We act holistically in line with the circular economy

Clear commitment to compliance and ethical behaviour

We unite

economy, environment

and society.

21.03.2024 I 6

2Facts & Figures

FY Results 2023

Investor presentation: FY Results 2023

21.03.2024 I 7

2023 AT A GLANCE

1

2

3

Positive market outlook

Steady increase in order intake

Strong order book

High demand in infrastructure and industrial construction

Earnings increase at every level

Efficient cost management

4

5

6

Optimised equity

20.8% equity ratio (+1.5 PP)

Enhanced working capital management

Receivables significantly reduced

Positive outlook 2024

Continuous improvements

Investor presentation: FY Results 2023

21.03.2024 I 8

POSITIVE MARKET OUTLOOK

STEADY INCREASE IN ORDER INTAKE

Rebound in European construction in 2025

2.5%

2.5%

2.3%

rates

1.7%

1.5%

1.3% 1.4%

1.6%

0.9%

Annual growth

0.0%

-2.1%

-5.4%

2024e

2025e

2026e

Residential Non-residential Civil engineering Total

  • Civil engineering with continuous growth
  • Dip in residential construction overcome in H1/2024
  • Turnaround in CEE countries already expected in 2024

Source: Euroconstruct, Dec 2023

PORR's order intake (in EURm)

CAGR: +5.0%

6,414

6,659

6,835

5,905

59%

52%

30%

24%

11%7%

6% 12%

2020

2021

2022

2023

Miscellaneous

Residential

Non-residential

Civil engineering

  • Order intakes in infrastructure co-financedby EU funds (~EUR 1.3 tn of investments)
  • Doubling order intake in Infrastructure International, double-digitincrease in PL
  • Strong backlog increase started in Dec. 22

Investor presentation: FY Results 2023

21.03.2024 I 9

TOP ORDER INTAKES 2023

Civil engineering

Other

Non-residential construction

Residential construction

Q1

Q2

Q3

Q4

ams-Osram fabric halls

Arge H53 Brenner

Pumped storage

Elisabeth-Selbert-Haus

Premstätten / AT / 49.5m

Base Tunnel

power plant

office building

AT / 479.6m

Ebensee / AT / 167.0m

Berlin / DE / 88.7m

Arge Arlbergtunnel

ElbX SuedLink tunnel

DC Tower 2

S8 expressway

AT / 47.9m

DE / 215.0m

apartment & office bldg.

Wrocław - Kłodzko

Vienna / AT / 89.5m

PL / 74.1m

THE FORM

Arge Terminal 3 South

Aixtron Innovation Center

Arge Remediation of

office building

Airport Vienna

Herzogenrath / DE / 82.3m

contaminated site N6

Warsaw / PL / 41.4m

AT / 205.6m

Wr. Neustadt / AT / 60m

Modernisation of roads

DCO Clinic

Pomeranian Medical

Q47

Oradea / RO / 39.3m

Wrocław / PL / 189.8m

University expansion

apartment building

Warsaw / PL / 47.4m

Bochum / DE / 59.8m

A10 expressway

Power plant conversion

DPW II

Żelazny Most

Reittunnel - AST Eben

Forbach / DE / 98.4m

Harbour modernisation

reservoir modernisation

AT / 34.8m

Constanța / RO / 31.1m

PL / 55.4m

Investor presentation: FY Results 2023

21.03.2024 I 10

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Porr AG published this content on 21 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 March 2024 05:58:05 UTC.