Investor Presentaiton
(5) FINANCIAL STRENGTH AS COMPETITIVE ADVANTAGE -
OVERVIEW
RATING
EQUITY RATIO
STRABAG SE is one of the few European construction companies with
an official corporate credit rating.
S&P raised STRABAG SE investment grade rating from BBB- to BBB,
stable outlook, in June 2015; confirmed in August 2022
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Leading market positions in Central Europe and some parts of Eastern Europe
Vertical integration that provides barriers to entry and strategic access to raw materials
Largely stable operating margins, which indicates generally good project execution and
cost management
High standing in the credit markets and solid perceived financial stability, underpinned by a
net cash position
Target: maintain investment grade credit rating
• High equity ratio of 33% (sector average 23%)
Target: maintain equity ratio of ≥25%
NET CASH
FINANCING
45
Investor Presentation January 2023
• Net cash of € 1,937 million end of 2021
Cash and surety credit lines (31 December 2021): € 8.2 billion
thereof syndicated surety loan of € 2.0 billion (by 2026)
thereof syndicated cash credit line of € 0.4 billion (by 2026)
STRABAG
SOCIETAS EUROPAEAView entire presentation