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Dbs6376 1 HY2008 Figures August 2008 Grontmij Sustainable design & engineering.

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Presentation on theme: "Dbs6376 1 HY2008 Figures August 2008 Grontmij Sustainable design & engineering."— Presentation transcript:

1 dbs6376 1 HY2008 Figures August 2008 Grontmij Sustainable design & engineering

2 dbs6376 2 Contents 1.Results HY 2008 2.Strategy 3.Market: Country and Sector performance 4.Finance 5.Outlook 6.Sustainable Design & Engineering 7.Q&A

3 dbs6376 3 RESULTS 2008 FIRST HALF YEAR

4 dbs6376 4 Grontmij HY 2008 - Key Facts 200 300 400 100 500 600 Revenue (€ million) Net revenue (+13%) 206 384 418 10 15 20 5 25 30 +20% Net result (€ million) +20% 8.3 15.4 18.5 0.50 1.00 1.50 0.00 2.00 2.50 +20% Earnings/share (€) +20% 0.47 0.87 1.04 ‘08‘07’06* ‘08‘07‘06 ‘08‘07‘06 295 333 +13% 156 *excl. Carl Bro

5 dbs6376 5 Headlines HY 2008 Result after tax: increased by 20% to € 18.5 million Revenue: increased to € 418.4 million (2007: € 383.6 million) Net revenue (own production): increased to € 332.6 million Organic growth: 12.3% (2.3% currency effect) EBIT: increased by 23.6% to € 27.2 million (2007: € 22.0 million) EBITA: 7.1% of Revenue (2007: 6.7%) All countries in Europe are in line with expectations Outlook: unchanged; approaching 8% EBITA on Revenue

6 dbs6376 6 Headlines Q2 2008 Strong second quarter Revenue: increased by 18% to € 222.5 million (2007: € 188.5 million) Net revenue: increased by 21.9% to € 175.0 million (2007: € 143.5 million) EBIT: increased by 24.7% to € 14.1 million (2007: € 11.3 million) Acquisitions contributed 3.5% of Revenue increase

7 dbs6376 7 Financial result HY 2008 In € million or %20082007Amount ofDifference HY1 Difference% Revenue418.4383.634.89.1% Net revenue332.6294.638.012.9% EBIT27.222.05.223.6% EBIT (% of Revenue)6.5%5.7% EBIT (% of Net revenue)8.2%7.5% EBITA29.725.83.915.1% EBITA (% of Revenue)7.1%6.7% EBITA (% of Net revenue)8.9%8.8% Result after tax18.515.43.120.1% Result after tax (% of Revenue)4.4%4.0%

8 dbs6376 8 STRATEGY

9 dbs6376 9 Current strategy 2007-2010 Reorganisation current business Strategy Enhanced profitability 8-9% Divestments step by step  non core  low performers Portfolio management  Gaining new market share  Entering new regions in Europe: IRL, P, CR, H, T  Selected PFI’s  Enlargement in new niche markets products as Water, Energy and Transportation (including rail)  Consolidation in the home markets (Belgium, Germany, Denmark, Sweden, UK and the Netherlands)  Top 3 position in Europe

10 dbs6376 10 Strategy 2007-2010 2004 nr 1 in NL 2007 nr 4 in EU B, DK, G, NL, UK, S 250 1500 1250 1000 750 500 2010 nr 1-3 in EU B, G, NL Revenue € x 1000 B, DK, G, NL, UK, S sector specialisation to global services

11 dbs6376 11 Services & Competences Project definition Conceptual design Functional program Feasibility study Investment plan Program management Design management Project management Financial, organisational and legal management support Technical specs Engineering Detail engineering Work drawings Calculations Samples, surveys Data Supervision Quantity survey Construction management (Turn-key) contract management Maintenance scheme Monitoring & control Facility management Consultancy & Design Project Management Engineering Contracting Asset Management

12 dbs6376 12 Creating value in operations norm Consultancy & Design Multidisciplinary project management 8 6 4 2 12 10 0 Engineering Asset management & maintenance Turnkey Contracting 13425 cross selling EBITA % enlarge decrease enlarge 2006 2003 2007

13 dbs6376 13 MARKET: COUNTRY & SECTOR PERFORMANCE

14 dbs6376 14 Revenue by country

15 dbs6376 15 Market Sectors (indication) In € million or %Building and Industry TransportationEnvironment, Water and Energy Total Revenue130120165 Total Revenue (% total)31%29%40% EBIT7%8%

16 dbs6376 16 Market positioning 2008 Good access in regional markets in Europe Strong order book Strong demand Water, Energy and Environmental services Increasing demand for sustainable design, green building and industrial ecology Recruitment and pricing under control Engineering market competitive and fragmented Competitive strength by increasing cross selling, cross border tendering and improving processes

17 dbs6376 17 FINANCE

18 dbs6376 18 Profit & loss account In € million20082007Difference HY1 Revenue418.4383.634.8 Third party-85.8-89.0 Net revenue332.6294.638.0 Operational cost305.7281.6 26.913.0 JV’s2.812.8 EBITA29.725.8 Amortisation-2.5-3.8 EBIT27.222.05.2 Interest-2.9 EBT24.319.15.2 Tax-5.8-3.7 Net result18.515.43.1

19 dbs6376 19 Growth (Net revenue) In € million or %Incl. currency%Excl. currency% Net revenue HY 2008332.6 currency6.8 Net revenue HY 2007294.6 Growth38.012.9%44.815.2% Net divested (2007/2008)3.0 Invested (2008)-11.5 Organic growth29.510.0%36.312.3%

20 dbs6376 20 EBIT per country In € 1.000 or %HY 2008HY 2007 Total revenue EBIT%Total revenue EBIT% Belgium30.2623.54411.7%26.3682.3188.8% Denmark81.2013.1253.8%74.1202.0892.8% Germany / Poland29.5732.5988.8%25.1821.1154.4% Netherlands170.69814.6788.6%149.67216.15210.8% Sweden46.9214.1538.9%51.2794.1668.1% UK / Ireland53.5493.8357.2%42.3942.7226.4%

21 dbs6376 21 EBIT increase (+23.6%) In € millionEBIT EBIT 2007 HY122.0 EBIT 2008 HY127.2 Increase5.2 € 35 million more revenue x 5.7%2.0 0.8% more profitability x € 418 million3.2 5.2

22 dbs6376 22 Cash flow statement In € millionHY 2008HY 2007 Net cash from operations-0.7-2.8 Net cash from investing activities-33.9-0.4 Net cash from financing activities-1.1-12.9 -35.7-16.1 Normal seasonal pattern Cash position: € 20 million (31-12-2007: € 34 million)

23 dbs6376 23 Financial result Q2 2008 In € million or %20082007Amount ofDifference Q2 Difference% Revenue222.5188.534.018.0% Net revenue175.0143.531.521.9% EBIT14.111.32.824.7% EBIT (% of Revenue)6.3%6.0% EBIT (% of Net revenue)8.1%7.9% EBITA15.713.3 EBITA (% of Revenue)7.1% EBITA (% of Net revenue)9.0%9.3% Result after tax9.27.12.129.6% Result after tax (% of Revenue)4.1%3.8%

24 dbs6376 24 OUTLOOK

25 dbs6376 25 Outlook Solid platform in all regions Order book improving Leading positions in sustainable design and engineering (Water, Environment, Energy and Transportation) Cross-selling (synergies) Cash management Add-on acquisitions Outlook 2008: unchanged; approaching 8% EBITA on Revenue

26 dbs6376 26 SUSTAINABLE DESIGN & ENGINEERING - a varied number of assignments in HY2008 -

27 dbs6376 27 Sustainable design & engineering Climate & Energy Reduce CO 2 discharge Suppress/control emission Green energy (wind, sun, water, bio mass) Efficient use of fossil fuels Flood management Waste to energy, Germany The River Mølle system, Denmark Geostatistical Vegetation Mapping, United Kingdom

28 dbs6376 28 Sustainable design & engineering Green building concept Energy passive CO 2 neutral (Terrestrial) heat exchange Waste/water recycling and treatment systems Use of sustainable materials Haus Cumberland Berlin, Germany House of Musik Aalborg, Denmark Audi site Brussels, Belgium

29 dbs6376 29 Sustainable design & engineering Environmental Impact Assessment Study, Dutch coast ‘Room for the river project’, The Netherlands Redeveloping Faelledparken Copenhagen, Denmark Health & Safety Sewage and waste water treatment Waste collection and recycling Soil/water remediation Shared space Separated flows of traffic Storage of hazardous materials

30 dbs6376 30 Spoorzone Delft Spatial planning: “Spoorzone Delft” (railway area) Turnover Grontmij appr. € 13.5 million Project set up according to the innovative Systems Engineering process Sustainable design & engineering

31 dbs6376 31 QUESTIONS & ANSWERS


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