Implenia Road Show Basic information August 2013
Implenia plans and builds for life. With pleasure. A young company with over 150 years of experience
1862
2006
Hermann Preiswerk founded the future Batigroup AG
Merger of Zschokke and Batigroup to Implenia
1997
2013
2011
Merger of Preiswerk, Stuag and Schmalz to Batigroup, no. 2 in the Swiss market
Market entry in Norway acquisition of Betonmast Anlegg AS
2012
1977 1998 1872
Acquisition of Locher Bauunternehmer AG
Zschokke evolves to Switzerland’s largest construction company
Conradin Zschokke founded the future Zschokke AG
Implenia reaches EBIT target of CHF 100 million for the first time
2011
2010
1st Sustainability Report
Acquisition of Sulzer Real Estate Š
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Implenia Group Our 6,700 employees – our most important capital
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Implenia Group Our operational management structure
Sectors
Regional Units
▪ Institutional and supra-regional customers ▪ Complex contracts in Switzerland and abroad ▪ Development of further expertise for projects in growth markets
▪ The face Implenia shows in the regional markets to local customers
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Implenia Modernisation & Development “Finger on the pulse of the market. For the Switzerland of tomorrow.” Market ▪ Institutional real estate and investment market ▪ Modernisation / conversion of residential and commercial properties Target clients ▪ Supra-regional institutional investors and large corporations (investors, operators and owners) Activities ▪ Modernisation: Consulting / Planning / General and Total Contracting / Execution ▪ Project Development
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Implenia Buildings “We build the Switzerland of tomorrow.” Market ▪ Industrial building construction market in Switzerland and in Southern Germany Target clients ▪ Supra-regional owners and operators of real estate ▪ Institutional investors and major corporations (supra-regional) Activities Bundling infrastructure competences: ▪ Industrial buildings ▪ General and total contracting ▪ Wooden & modular construction ▪ Technical planning activities (including implementation) by Implenia Engineering ▪ Construction in Southern Germany ©
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Implenia Tunnelling & Civil Engineering “We are the experts for demanding infrastructure projects.” Market ▪ National infrastructure (tunnels, bridges, power stations etc.)
Target clients ▪ National operators and owners of infrastructure ▪ State-owned, partially state-owned and major private corporations (e.g. energy providers) Activities Bundling infrastructure competences : ▪ Underground construction ▪ Bridge construction ▪ Foundation engineering ▪ Power station construction ▪ Infrastructure refurbishment ©
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Implenia Construction Switzerland “Deep roots in the Swiss market. First-class implementation.” Market ▪ Road construction, civil engineering and regional building construction
Target clients ▪ Municipalities and cantons ▪ Private individuals, SME (very locally/regionally oriented) Services ▪ Road construction and civil engineering ▪ Regional building construction
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Implenia Norge “Leading provider of complex infrastructure projects in Scandinavia.” Market ▪ Tunnelling and infrastructure for Norway’s and Scandinavia’s water, energy and transportation industry Target clients ▪ National operators and owners of infrastructure ▪ Large public, semi-public, and private companies Services ▪ Complex infrastructure projects: tunnels, roads, dams, bridges ▪ Niche markets
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Daring to Shape our Future Corporate Center Responsibilities ▪ Supporting the operative areas with central services:
Accounting Business Development Controlling Financial Risk Management HR Insurance Investment Management Investor Relations IT Legal Services Marketing/Communications Reporting/Consolidation Treasury
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Daring to Shape our Future Technical Support Responsibilities ▪ Centralised procurement for the Implenia Group
▪ Development of strategies, processes and standards for
Technical Risk Management Lean Construction/IMS Sustainability Innovation Health and Safety Ökologische Dimension
Soziale Dimension
Ökonomisch e Dimension
Fokusthemen Implenia
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Implenia Group Locations in Switzerland and abroad
Switzerland
Europe
Middle East
West Africa Š
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Competitive landscape Implenia as clear market leader in Switzerland 2’8001
Market leader in infrastructure construction, approx. 10% market share general contracting, 15%-20% market share
▪ One of the market leaders in the Swiss real estate development sector
▪ The only listed Swiss construction company (transparent IFRS reporting)
Basis: Information companies / estimates revenue 2011/2012 in MCHF
1 Restated
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Business model “One Company” philosophy Covering the entire life cycle of a building thanks to: ▪ an integrated business model
▪ a comprehensive portfolio of products and services
Modernisation / Demolition
Idea / concept
Management
Finance
Project development
Realisation Planning, Engineering
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Strategic direction Expansion of service portfolio and targeted growth Strategic positioning Expert & Premium Builder
Target markets
Generalist
Expert
Infrastructure specialist
Discounter
Premium
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Strategic direction Sustainability strategy built on five main themes Sustainable products and services
Attractive working environment
- Customer relations
- Training and development
- Products and services
- Talent management
- Supplier relations - Health and safety
Respect for the environment
- Energy and resource efficiency
Social commitment and compliance - Code of Conduct - Dialogue with stakeholders
Financial excellence
- Create financial value
- Communication - Support and sponsorship
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Track record Sustainability carried out in practice
Sustainability Civil Engeineering / Infrastructure «The 2000Watt Society is building with wood», Foundry Winterthur
«Eco-Drive»
«Neugrüen» Melligen sustainable building
«roy» Winterthur, sustainable building
Reduction of energy and resource consumption «Sustainable Overall Construction» Implenia
Supplier relations
Reduction of accidents at work
GeNaB® launched
Kick-off Top 20
Kick-off Top 100
«schorenstadt» 2000-Watt Society
Management Development / Sustainabilty Report 2011
«Rosengarten» Arbon
Stakeholder dialogue
2010
2011
2012
2013 ©
2014
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Track record Implenia has achieved a lot ▪ Outstanding operational and financial performance ▪ Strong market position, strong brand ▪ High level of trust from many stakeholders ▪ First-rate technical competence ▪ Large, far-reaching network
Operating income 120
110,3 1 93,7
100
▪ First-rate experienced employees
80
▪ Sustainability carried out in practice
40
60 20
59,0
2,5%
67,6
3,0%
6% 5%
77,7
4% 3,3%
3,7%
3,9%
3% 2%
0
1%
2008
2009 Margin
2010 2011 2012 Operating income
1 Restated ©
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Disclaimer THESE MATERIALS DO NOT CONSTITUTE OR FORM PART OF ANY OFFER TO SELL OR ISSUE, OR ANY SOLICITATION OR INVITATION OF ANY OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES, NOR SHALL PART, OR ALL, OF THESE MATERIALS OR THEIR DISTRIBUTION FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY CONTRACT OR INVESTMENT DECISION IN RELATION TO ANY SECURITIES. THESE MATERIALS ARE BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION AND ARE STRICTLY CONFIDENTIAL AND MUST NOT BE REPRODUCED, DISCLOSED OR FURTHER DISTRIBUTED TO ANY OTHER PERSON, OR PUBLISHED, IN WHOLE OR IN PART, FOR ANY PURPOSE. THE MATERIALS MIGHT CONTAIN FORWARD-LOOKING STATEMENTS BASED ON THE CURRENTLY HELD BELIEFS AND ASSUMPTIONS OF THE MANAGEMENT OF IMPLENIA AG (THE "COMPANY", AND TOGETHER WITH ITS SUBSIDIARIES, THE "GROUP"), WHICH ARE EXPRESSED IN GOOD FAITH AND, IN THE MANAGEMENT’S OWN OPINION, REASONABLE. FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS, WHICH MAY CAUSE THE ACTUAL RESULTS, FINANCIAL CONDITION, PERFORMANCE, OR ACHIEVEMENTS OF THE GROUP, OR INDUSTRY RESULTS, TO DIFFER MATERIALLY FROM THE RESULTS, FINANCIAL CONDITION, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. GIVEN THESE RISKS, UNCERTAINTIES AND OTHER FACTORS, RECIPIENTS OF THIS DOCUMENT ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS. THE GROUP DISCLAIMS ANY OBLIGATION TO UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT FUTURE EVENTS OR DEVELOPMENTS. OPINIONS AND FORWARD-LOOKING INFORMATION PRESENTED HEREIN ARE BASED ON GENERAL INFORMATION GATHERED AT THE TIME OF WRITING. ©
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