Скачать презентацию Annual Results 2007 and first quarter 2008 Harrie Скачать презентацию Annual Results 2007 and first quarter 2008 Harrie

9b54cf66d2a73af04da960ab9354a6ee.ppt

  • Количество слайдов: 34

Annual Results 2007 and first quarter 2008 Harrie Noy, CEO Arnhem, the Netherlands, May Annual Results 2007 and first quarter 2008 Harrie Noy, CEO Arnhem, the Netherlands, May 7, 2008

2007 exceptional year for ARCADIS Record profit at gross revenue € 1. 5 billion 2007 exceptional year for ARCADIS Record profit at gross revenue € 1. 5 billion Net income from operations rises 25% Gross revenue 22% higher; of which 16% organic Margin passes 10% goal ending at 10. 5% Strong growth, margin advances in all activities Dividend proposal: € 1. 23 per share (+23%) Strategy sharpened, overall growth goal to 15% Outlook 2008 positive Strategic focus leads to higher market share, especially in environmental market

Income full year 2007: € 62, 3 million 2007 2006 Gross revenue 1, 510 Income full year 2007: € 62, 3 million 2007 2006 Gross revenue 1, 510 1, 233 22% EBITA 107. 2 78. 8 36% EBITA recurring 105. 9 78. 8 34% Net income from operations 1) 62. 3 50. 0 25% Ditto per share 1, 2) 3. 06 2. 47 24% Currency effect: minus 4%, especially as a result of US$ decline 1. 2. Before amortization and non-recurring items 2007 based on 20. 3 million shares outstanding (2006: 20. 2 million)

Highlights Very strong Dutch performance Continued solid business in U. S. , Brazil European Highlights Very strong Dutch performance Continued solid business in U. S. , Brazil European countries do better; Polish market appears recovered Solid contribution from acquisitions, mostly RTKL and P 1 Integration BBL completed – Considerable synergy, both in U. S. and international – New divisional structure facilitates further expansion Netherlands also has divisional structure New Orleans strengthens water management and reputation

Organic growth to record level Currency -3% +1% 0% -4% Organic growth to record level Currency -3% +1% 0% -4%

Considerable strengthening through acquisitions Revenue Acquisitions 2007 • Buildings NL • FM consulting Germany Considerable strengthening through acquisitions Revenue Acquisitions 2007 • Buildings NL • FM consulting Germany • Environment Belgium • Water NL • Design/planning U. S. • Project management U. K. • Environment U. K. • Mining Chile Total BFB HL-S Aeolus Alkyon RTKL APS Vectra Idesol People Consolidated. in € million 6 65 from 1 -1. 07 2 20 1. 1. 07 3 5 144 13 15 4 192 30 45 1050 70 110 70 1460 4. 1. 07 7. 7. 07 8. 15. 07 11. 15. 07

Net income from operations and EPS Before amortization; non-operational effects In € million 3, Net income from operations and EPS Before amortization; non-operational effects In € million 3, 50 3, 06 3, 00 2, 50 2, 00 2, 47 1, 50 1, 65 1, 13 1, 00 1, 18 0, 50 0, 00 Change Excl. currency +6% +9% Earnings per share (in €) +40% +38% +50% +51% +25% +29%

Cash flow remains at high level In € million Cash flow remains at high level In € million

Balance sheet and return Balance sheet healthy Working capital 11. 9% (2006: 12. 5%) Balance sheet and return Balance sheet healthy Working capital 11. 9% (2006: 12. 5%) Investments in acquisitions: € 102 million Net debt: € 134 million (2006: € 45 million) 1, 2 Return on capital invested >20% Shareholders equity and net interest bearing debt 1 basis: average quarterly balance sheets 2 based on net income from operations

Buildings growth mainly from acquisitions organically environment is strongest ( In € million ) Buildings growth mainly from acquisitions organically environment is strongest ( In € million ) = organic

Margin improved in all business lines Recurring Ebita as % of net revenue 2004 Margin improved in all business lines Recurring Ebita as % of net revenue 2004 2005 2006 2007

Geographical position stable due to US$ 2006 2007 Geographical position stable due to US$ 2006 2007

Strategy Strategy

ARCADIS strategy has been successful Gross revenue Net income from operations In € million ARCADIS strategy has been successful Gross revenue Net income from operations In € million 1510 In € million 62, 3 CAGR 2004 -2007 at 15. 5% CAGR 2004 -2007 at 29%

Major shift in our portfolio Towards services higher in the value chain Acquisitions Expansion Major shift in our portfolio Towards services higher in the value chain Acquisitions Expansion Europe Infra US Environment US Management services Home market positions High level design Total GR in € FCI (France), Profil (Poland) 82 RMA, FPS, LNW, BHR, Diversity 74 Greystone, BBL, Vectra 169 Homola, PRC, AYH, CDG, Berkeley, P 1 118 Belgium, Brazil, Netherlands, UK, Chile 43 RTKL 142 628 Divestments Non core business NL Facilities Spain Donor funded market Total Part of contracting, Kafi/Mandaat Detailed engineering (US) 50% interest in Grupo EP Renardet/Sauti (France), Euroconsult 53 15 68 44 180

Merger with RTKL strengthens buildings World leader in design and planning Architectural design, master Merger with RTKL strengthens buildings World leader in design and planning Architectural design, master planning, specialized engineering • Revenues $ 195 million, 1050 staff in US, Europe, Asia • Operating margin meets target for building segment • Strong brand reputation RTKL fits very well in ARCADIS strategy • Next step in moving up the value chain • Towards building leadership in buildings • Stronger in China, closer to top 10 in US Ample opportunities for synergies

ARCADIS strategy 2008 – 2011 ‘Building global leadership’ ARCADIS ambition is a Global Leadership ARCADIS strategy 2008 – 2011 ‘Building global leadership’ ARCADIS ambition is a Global Leadership Position in three market segments through: • Client Focus • Seamless Delivery • One Firm Approach Worked out in strategy for each segment

Infrastructure ARCADIS ambition in Infrastructure is to be a recognized global infra player, leading Infrastructure ARCADIS ambition in Infrastructure is to be a recognized global infra player, leading in selected segments based on strong home market positions

What does this ambition mean? Ambition What it means Build leadership positions in: • What does this ambition mean? Ambition What it means Build leadership positions in: • Public Transport, incl Rail • Water management • Large Transportation Corridors, incl. Tunnels and Bridges Build and expand strong home market positions Global knowledge Networks (GKN) • Rail: focus - NL, U. K. , France, Poland • Water: position U. S. , leader in Europe • Large Transportation Corridors: including D&B, PPP • • Grow U. S. through larger acquisition Realize top 5 position in current markets Expand into selected new markets Consistent approach for off-shoring 6% organic growth and margin of 8 -9% International leverageable Local for local

Environment ARCADIS ambition in Environment is to be the market leader in providing environmental Environment ARCADIS ambition in Environment is to be the market leader in providing environmental services for private sector/industrial clients

What does this ambition mean? Ambition What does it mean Largest provider globally of What does this ambition mean? Ambition What does it mean Largest provider globally of environmental services for private sector clients • Client focus: Key national + MNC clients • Expand strategic consultancy and grow remediation Dominant position - nr 1 or 2 with selected MNCs and key national clients • Grow footprint in EU and Brazil • Expand geographical footprint: Asia • Continue develop innovative technology Operating as one global firm: 'seamless‘ services • Leverage position to other segments 12% organic growth and margin of 12 -13%

Buildings ARCADIS ambition in Buildings is to achieve a global leadership position by delivering Buildings ARCADIS ambition in Buildings is to achieve a global leadership position by delivering differentiating value

What does this ambition mean? Arcadis differentiating value Global reach This means Global and What does this ambition mean? Arcadis differentiating value Global reach This means Global and seamless services Tailored solutions High profile design Design excellence Superior functionality Created by the best Making it happen (time/budget) Successful delivery Consistent approach 8% organic growth and margin of 10 -11% Through Internationally consistent delivery platform AWw. PC to follow clients Leverage RTKL design and master planning capabilities Strengthen PM/CM and use FM for delivery over life cycle

Acquisitions are high on the priority list Expanding strong home market positions • Strengthening Acquisitions are high on the priority list Expanding strong home market positions • Strengthening position in US (top 10) and UK Strengthening the portfolio • Infra: public transport and water • Environment: strategic consultancy & D 4 • Buildings: Project management and design services Geographical expansion • Developing presence in Asia/India and Spain Preference for larger acquisitions to meet multiple goals at the same time

Financial goals adjusted For the mid term • Average revenue growth 15% (was 10%), Financial goals adjusted For the mid term • Average revenue growth 15% (was 10%), at least half organic • EBITA-margin > 10% • Average EPS growth 15% (was 10%) Based on net income from operations and present financing structure • Return on capital invested > 15% Excluding exchange rate effects Pay-out ratio dividend: 30 -40% of net income from operations

Solid first quarter 2008 Solid first quarter 2008

Solid first quarter 2008 Double digit organic growth maintained Gross revenue 20% higher; of Solid first quarter 2008 Double digit organic growth maintained Gross revenue 20% higher; of which 11% organic Environment strongest with organic growth of 19% All regions contribute to growth, US and NL the most Margin improved further Net income from operations 20% higher Outlook 2008 remains positive Balanced portfolio with good spread of activities over geographies, market segments and clients, pays off

Infrastructure +1% (+6%) • • • Negative impact from previous decline in US land Infrastructure +1% (+6%) • • • Negative impact from previous decline in US land development Excluding this impact organic growth was 9% Good contributions from NL, France, Poland Brazil Poland seems recovered resulting in strong growth Growth of water and transportation in US

Environment +19% (+19%) • • • Strong growth despite negative currency impact of 12% Environment +19% (+19%) • • • Strong growth despite negative currency impact of 12% Contribution from acquisitions 12% (LFR, Vectra) Organic growth mainly from US, also from NL, UK and Belgium New GRi. P® contract from DOD, total value app. $10 million Master services agreement Akzo. Nobel for global services

Buildings +67% (+3%) • • Strong growth of 67% mainly from acquisitions, RTKL and Buildings +67% (+3%) • • Strong growth of 67% mainly from acquisitions, RTKL and APS Limited organic growth caused by slowdowns in property market RTKL experienced some project delays but performed well Philips facility management contract renewed and expanded

Outlook Outlook

Outlook per business line Infrastructure • European market, including Netherlands solid, also through PPP Outlook per business line Infrastructure • European market, including Netherlands solid, also through PPP • High investments in Poland; also Brazil and Chile favorable • U. S. transportation stable; New Orleans gives solid basis in water Environment • Sustainability and climate change drive growth • Vendor reduction with key clients; demand from oil &gas industry • U. S. : new GRi. P®-projects, synergy with LFR Buildings • RTKL solid backlog and shift to non commercial & international market • Project management also for infra and Middle East • Expand facility management with Philips contract

Outlook 2008 positive Markets offer ample opportunity Order book well filled Economic uncertainty requires Outlook 2008 positive Markets offer ample opportunity Order book well filled Economic uncertainty requires cautiousness Cost control and intensifying marketing and sales Synergy helps to grow market share Acquisitions are high on the priority list Further growth in revenues and profit in 2008 (barring unforeseen circumstances) ARCADIS Building Global Leadership

Thank you Thank you