Investor Relations Company Presentation
We are building the world of tomorrow.
A HOCHTIEF
150
YEARS
HOCHTIEF Americas - 9M 2023 results
Results/Cash
Essentials
• Solid sales growth of 7% fx-adjusted (in both 9M and Q3 2023)
• Higher profit margins driven by Turner's successful strategy
to focus on high-tech infrastructure opportunities
Increased op. PBT of EUR 295m (+11% yoy) and op. net profit
of EUR 212m (+12% yoy)
• Outstanding cash flow from op. activities pre-factoring of
EUR 206m in 9M 2023 (EUR +186m yoy) reflects very strong
•
cash performance ytd with very strong Q3 (EUR +150m yoy)
Strong net cash position of EUR 1.9bn increased by EUR 262m
yoy and EUR 244m qoq
(EUR million)
Total sales/divisional sales
Operational profit before tax/PBT
Operational PBT margin in %
Operational net profit
EBITDA
EBIT
Nominal profit before tax/PBT
Nominal net profit
New orders
Work done
Order backlog
Orders
• Very strong New orders yoy of EUR 16.5bn, up EUR 5.0 bn
yoy, or +47% fx-adj, driven by high-tech infrastructure project
wins; 1.3x work done LTM
Order backlog of EUR 31.1bn +17% fx-adj. yoy achieved
another new record high
Outlook HOCHTIEF Americas 2023
Guidance FY 2023: Op. PBT of EUR 380-420m
Financials
9M
2023
13,352.3
294.6
2.2
9M
2022
12,790.0
264.6
9M
change yoy
4.4%
Q3
2023
4,838.3
Q3
2022
4,849.2
Q3
change yoy
-0.2%
FY
2022
17,460.0
11.3%
88.6
84.0
5.5%
370.6
2.1
0.1
1.8
1.7
0.1
2.1
211.7
188.9
12.1%
69.7
62.0
12.4%
275.4
375.4
341.3
10.0%
121.6
114.4
6.3%
461.9
310.9
277.3
12.1%
99.5
92.0
8.2%
376.4
284.3
251.8
12.9%
85.4
81.8
4.4%
350.9
203.7
179.8
13.3%
66.8
60.5
10.4%
260.3
Cash flow from operating activities
292.5
18.1
274.4
271.0
130.9
140.1
737.4
Cash flow from operating activities pre-factoring
205.8
20.3
185.5
282.2
132.4
149.8
724.0
Gross operating capital expenditure
17.8
31.9
-14.1
7.9
13.9
-6.0
45.4
Net cash/net debt
1,884.3
1,622.8
261.5
1,884.3
1,622.8
261.5
1,908.9
16,473.6
13,319.0
31,112.3
11,492.0
12,813.2
28,825.4
43.3%
3.9%
7.9%
5,607.8
4,778.2
31,112.3
3,306.9
69.6%
17,618.3
4,855.7
-1.6%
17,443.4
28,825.4
7.9%
27,775.7
Employees (end of period)
12 679
12 062
5.1%
12 679
12 062
5.1%
12 151
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