Sweco held a Capital Markets Meeting on 21 September 2011 and Mats Wäppling, President and CEO, together with employees, provided an in-depth picture of the Group’s operations and highlight the trends that affect Sweco.
A presentation held by Ms Mia Wahlström, Thyréns, at the seminar "Are attractive cities also sustainable?", at Global Utmaning on the 15th of October 2012
Higher growth in an increasingly strong market
April – June 2011
• Net sales of SEK 1,506.7 million (1,365.5).
• Operating profit of SEK 128.0 million (112.2).
• Operating margin of 8.5 per cent (8.2).
• Profit after tax of SEK 92.5 million (82.5) and earnings
per share of SEK 1.01 (0.91).
January – June 2011
• Net sales of SEK 2,927.4 million (2,704.5).
• Operating profit of SEK 264.6 million (234.6).
• Operating margin of 9.0 per cent (8.7).
• Profit after tax of SEK 189.6 million (169,1) and earnings
per share of SEK 2.08 (1.88).
• Strong financial position with a net liability of SEK 74.6 million (net receivable of SEK 34.6 million).
I magasinet Future by Semcon fokuserar vi på utmaningar i de branscher där vi verkar och vill skapa diskussioner och inpiration kring hur de kan lösas.
Logistik – en förutsättning för ett fungerande sjukhusSweco
– Vad innefattar transportlogistik på ett sjukhus?
– Vilka möjligheter finns och hur väljer man transportsystem?
– Exempel med avfallshantering inom vården
Från Swecos och Skanskas vårdkonferens 2012
Talare: Ingrid Håstad och Magnus Rudman, Sweco
Electrolux Capital Markets Day 2012 - Presentation Keith McLoughlin and Tomas...Electrolux Group
Electrolux Capital Markets Day. November 14, 2012, Stockholm, Sweden. Together with senior management, the President and CEO of Electrolux, Keith McLoughlin will present the Group’s strategy to create further sustainable economic value at today’s capital markets day.
A presentation held by Ms Mia Wahlström, Thyréns, at the seminar "Are attractive cities also sustainable?", at Global Utmaning on the 15th of October 2012
Higher growth in an increasingly strong market
April – June 2011
• Net sales of SEK 1,506.7 million (1,365.5).
• Operating profit of SEK 128.0 million (112.2).
• Operating margin of 8.5 per cent (8.2).
• Profit after tax of SEK 92.5 million (82.5) and earnings
per share of SEK 1.01 (0.91).
January – June 2011
• Net sales of SEK 2,927.4 million (2,704.5).
• Operating profit of SEK 264.6 million (234.6).
• Operating margin of 9.0 per cent (8.7).
• Profit after tax of SEK 189.6 million (169,1) and earnings
per share of SEK 2.08 (1.88).
• Strong financial position with a net liability of SEK 74.6 million (net receivable of SEK 34.6 million).
I magasinet Future by Semcon fokuserar vi på utmaningar i de branscher där vi verkar och vill skapa diskussioner och inpiration kring hur de kan lösas.
Logistik – en förutsättning för ett fungerande sjukhusSweco
– Vad innefattar transportlogistik på ett sjukhus?
– Vilka möjligheter finns och hur väljer man transportsystem?
– Exempel med avfallshantering inom vården
Från Swecos och Skanskas vårdkonferens 2012
Talare: Ingrid Håstad och Magnus Rudman, Sweco
Electrolux Capital Markets Day 2012 - Presentation Keith McLoughlin and Tomas...Electrolux Group
Electrolux Capital Markets Day. November 14, 2012, Stockholm, Sweden. Together with senior management, the President and CEO of Electrolux, Keith McLoughlin will present the Group’s strategy to create further sustainable economic value at today’s capital markets day.
Scania Year-end Report, January-December 2012Scania Group
Scania's earnings for the full year 2012 amounted to SEK 8,300 m. Lower vehicle volume, lower capacity utilisation and a higher level of costs pulled down earnings. Order bookings for trucks rose during the fourth quarter of 2012.
Présentation des résultats financiers Ericsson (Q4 2009)Ericsson France
Ericsson a publié ce matin les résultats de l’entreprise pour l’année 2009. Hans Vestberg, nouvellement président-directeur général du groupe depuis le 1er janvier 2010, a commenté les faits saillants au cours d’une conférence de presse en Suède. L’intégralité de ses commentaires est disponible ci-dessous.
Plus d'informations : http://www.blog-ericssonfrance.com/2010/01/le-pdg-du-groupe-ericsson-commente-les-resultats-2009/
MUTUAL FUNDS (ICICI Prudential Mutual Fund) BY JAMES RODRIGUESWilliamRodrigues148
Mutual funds are investment vehicles that pool money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other securities. They are managed by professional portfolio managers or investment companies who make investment decisions on behalf of the fund's investors.
2. WHO WE ARE
• Among the largest players in Europe
• Subsidiaries and offices in 11 countries
• Ongoing assignments in 80 countries
g g g
• 6,000 employees
• 10 000 customers
10,000
• 30,000 assignments yearly
• Revenues SEK 5,495 million (rolling 12 months Q2 2011)
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2
3. Sweco´s business segments
Segment Share of net sales
Water & Environment 17%
Infrastructure 16%
Energy Systems
gy y 14%
Building Service Systems 14%
Structural Engineering 13%
Industry 9%
Architecture 9%
Project Management 6%
Geographic IT 2%
◄ ►
3
4. Strong market positions
Finland
Established in 11 countries and successful
Norway
p j
project export around the world
p Sweden Russia
Estonia
• Market leader in Sweden
Denmark
• One of the leading players in Norway and Finland Lithuania
• Strong niche positions in Central and Eastern Europe Poland
• Ongoing assignments in 80 countries Czech
Republic
• Capacity to offer total solutions for projects across Slovakia
national borders
Bulgaria
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4
5. Client mix
Balanced base of around 10,000 clients
• Ten largest clients account for 20 percent of net sales
• Sweco is not dependent of any individual clients
Assignment volume
Public
sector 48% 52% Private
sector
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5
6. Decentralised business model
Sweco’s business model is based on simplicity and
client focus
• Each consultant and manager is responsible for
business, people, clients, projects and profitability
• Simplicity and client focus makes it easy to do
business with us
• Proven successful in recession
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6
7. Powerful growth last 10 years
Operating profit • Operating profit grew on average 16 per cent
annually
• Growth in net sales has averaged at approximately
12 per cent annually
• From 2,200 to 6,000 employees
Net sales
◄ ►
7
8. High total return
1200
• Dividend return averaged at 7.0 per cent last ten years
1000
• Low volatility- beta value 0.6 CAGR:
+25%
800
600
400
CAGR:
200 +6%
0
29-12-2000 29-12-2001 29-12-2002 29-12-2003 29-12-2004 29-12-2005 29-12-2006 29-12-2007 29-12-2008 29-12-2009 29-12-2010
SIX RX Sweco B Total Return
◄ ►
8
9. H1 Interim report
Income statement Apr-jun Apr-Jun Jan-Jun Jan-Jun Jul 2010- Full year
SEK M 2011 2010 2011 2010 Jun 2011 2010 • Net sales growth
Net sales 1 506 7
506,7 1 365 5
365,5 2 927 4
927,4 2 704 5
704,5 5 495 3
495,3 5 272 4
272,4
Other operating income - 3,6 - 3,6 0,3 3,9 • Improved operating
Other external expenses -358,2 -368,1 -684,0 -682,3 -1 401,9 -1 400,2 margin
Personnel costs -994,2 -865,4 -1 929,5 -1 743,3 -3 535,2 -3 349,0
Amortisation/depreciation
p
• Still big variations and
and impairment losses -26,3 -23,4 -49,3 -47,9 -95,8 -94,4
price pressure
Operating profit 128,0 112,2 264,6 234,6 462,7 432,7
Net financial items -1,8 -1,1 -3,9 -4,1 -8,8 -9,0
• Write-downs Norway
Profit before tax 126,2 111,1 260,7 230,5 453,9 423,7
Income tax expense -33,7 -28,6 -71,1 -61,4 -133,5 -123,8
Profit for the period 92,5 82,5 189,6 169,1 320,4 299,9
Operating margin 8,5 8,2 9,0 8,7 8,4 8,2
Billing ratio 74,0 73,8 73,5 73,5 73,4 73,4
Basic EPS 1,01 0,91 2,08 1,88 3,51 3,31
Diluted EPS 1,01 0,90 2,08 1,85 3,51 3,28
◄ ►
9
10. Operating profit rolling 12 months
SEK M
600
550
500
450
400
350
300
250
200
150
100
50
0
Quarterly profit Rolling 12 months
◄ ►
10
11. New assignments 2011
Boliden will expand the ore production in Garpenberg, Sweden. Sweco has been
commissioned for structural design and project management services in connection with
the expansion
p
◄ ►
11
12. New assignments 2011
Sweco is working at Nya Karolinska Sjukhuset with multiple disciplines, focus on building
service systems
◄ ►
12
13. New assignments 2011
Sweco has been awarded several contracts in Africa. The latest projects are aimed at
improving the supply of electricity in several areas of Tanzania and Kenya
◄ ►
13
14. New assignments 2011
Bekkelaget, a waste water facility in Oslo will be enlarged to double its capacity. Sweco
has been chosen to study and propose a number of technical solutions that will create the
conditions for the plant's future expansion
p p
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14
15. New assignments 2011
Sweco’s Norwegian consultants were awarded a major project management contract for
construction of a new terminal building at Flesland Airport in Bergen.
g p g
Airplane. Photo: Avinor
◄ ►
15
16. New assignments 2011
Sweco's industrial consultants have signed a major contract with Stora Enso regarding its
investment in a new paper machine in Ostrołęka Mill Poland
Mill,
◄ ►
16
17. New assignments 2011
Sweco's industrial consultants has together with the Russian company Soyuz been
chosen to lead and supervise the rehabilitation of three major CHP plants in Moscow
◄ ►
17
18. Growth is back
Revenue growth H1 2011 vs. H1 2010, Per cent
2.2
8.3
4.4
6.1
Growth in local
currencies (acquired
and organic) 10,5%
10 5%
Organic Acquired Currency Net growth
growth growth effects
Local local
currency currency
◄ ►
18
19. Organic growth – Accelerated recruiting
Net employee additions H1 2011 vs. H1 2010
Individuals
I di id l Per cent
Sweden 233 8.7
Norway
Nor a 46 5.3
53
Finland 2 3.0
CEE 34 -3.9
Russia 16 4.4
Industry 10 -1.6
Group 255 4.9
◄ ►
19
20. Powerful acquisition-driven growth
Successful integration of acquired companies.
• 82 acquisitions since 2001
• 4,000 employees
• Approx SEK 2,800 SEK million in annual sales
Approx. 2 800
Number of employees in acquired company/
Σ 82
◄ ►
20
21. Acquisitions – Disciplined
“string of pearls” approach
string pearls
Acquisitions H2 2010 to September 2011
Company Employees
Aros Arkitekter, Sweden 76
Effekt RI, Norway 3 Pro forma acquired growth
Eiendomsprosjektering, Norway 15
• 576 employees
TD VVS Konsult, Sweden 5
APA Markowski Architekci, CEE 20 • 328 MSEK revenues
Axro, Sweden 35
Oppland Bygg Consult, Norway 23 • 35 MSEK EBIT
NIPI and IKTP, Russia 264
USK, Sweden 33
PROWS, Industry 25
Average weighted EV/EBIT
Hydrocoop, CEE 22
Energetioks Linijos, CEE 34
multiple 4,5x
Inmind, Sweden 11
Metrix, Sweden 10
Total 565
◄ ►
21
22. Order backlog June 2008 – June 2011
• + 29% H1 2011- H1 2010
• +23 % YTD 2011-06
• Order backlog > 6 month
◄ ►
22
23. Sweco is positioned in strong countries
Macroeconomic indicators 2011
GDP growth Public debt
Per cent Per cent of GDP
Estonia 6.5 7.2
Lithuania 6.5 31.6
Russia 4.3 8.3
Sweden 4.3 36.0
Poland 4.1 54.0
Finland 2.9 49.2
Czech Rep
Rep. 2.2
22 42.0
42 0
Norway 1.4 N/A
Euro zone 1.7 87.9
◄ ►
Source: Economist Intelligence Unit August 2011, SEB Nordic outlook August 2011 23
27. Priorities for further growth
• Consolidate leadership position in the Nordics
• Strengthen growth platforms in Eastern Europe
• Consider acquisition in Western Europe if
opportunity arise
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27