Investor Relations Company Presentation
We are building the world of tomorrow.
HOCHTIEF
150
YEARS
HOCHTIEF Group - Net cash development
⚫ HOCHTIEF ended 9M 2023 with a net debt position of EUR 68m, which is up by EUR 158m yoy, or up EUR
478m on an underlying basis. This is driven by a strong 9M 2023 free cash flow pre-factoring* of EUR 918.
Non-underlying effects are:
HOCHTIEF's dividend payment of EUR 301m in July 2023,
EUR 20m non-operational effects, incl.
•
-
CCPP payments (EUR -184m)
-
7.4% stake in Ventia (EUR +109m)
Variation in factoring (EUR +56m)
S&P investment grade credit rating of BBB- stable, reaffirmed in June 2023
Net cash (+) net debt (-)
period end (EUR million)
Net cash 9M 2023 yoy
918
EURM
9M
2023
9M
A
H1
Q1
2022
yoy
2023
2023
FY
2022
HOCHTIEF Group
-68
-226
158
346
-390
354
HOCHTIEF Americas
1,884
1,623
262
1,641
1,216
1,909
HOCHTIEF Asia Pacific
-599
-464
-135
-227
-463
-492
HOCHTIEF Europe
619
600
18
634
678
749
Corp. HQ & consolidation
-1,972
-1,985
13
-1,701
-1,821
-1,813
-164
EUR +478m yoy 276
252
-301
-20
-68
-226
Net cash
9M 2022
Free cash
flow pre-
factoring*
Debt
Fx,
Net cash
lease
repay-
ment
others
9M 2023
pre non-
ops.
HOT
dividend
Non-op.
effects
Net cash
9M 2023
payment
= Cash flow figures underlying, i.e. excluding one-off payments at CIMIC (for legacy project CCPP) and at HOCHTIEF Europe (final payment for legacy Chilean project)
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