Impn hjb 2012 nhb 2011 konf e by Implenia AG

Press Conference - Half-Year Report 2012 - First Sustainability Report

Dietlikon 30 August 2012

A. Affentranger / B. Fellmann / M. Koschenz

Half-Year Report 2012 Highlights

ÂŠ Implenia | Investor Relations | September 2011 | Seite 2

Highlights – First-Half of 2012 Favourable start – success story continues

1. Best values EBITDA Operating income

Consolidated profit

in CHF millions

Operating income 43.2 million (+ 47.2%) 24.2 million (+ 96.5%) 13.1 million (+211.1%)

2. Seasonal cash outflow greatly reduced

24.2 19.4 12.4

12.3

10.5

3. Net liquidity of 140 million 4. Full order books HY1 2008

HY1 2009

HY1 2010

HY1 2011

HY1 2012

Half-Year Report 2012 Swiss Construction and Real Estate Market

ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 4

Construction Market Switzerland Volumes remain high â&#x20AC;&#x201C; strong infrastructure construction activities

Real construction spending in Switzerland

Real change in the construction Index

in CHF billion Mrd. Franken

Source: SBV

Source: Credit Suisse AG, SBV

ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 5

Construction Market Switzerland Funds are available â&#x20AC;&#x201C; 42% from public sector

Government debt

Breakdown of turnover in building industry

Public Civil engineering Public Structural engineering Private Civil engineering Commercial construction Residential construction Year

Source: Reuters EcoWin, OECD, UBS

Source: SBV Quelle: Schweizerischer Baumeisterverband (SBV)

ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 6

Real Estate Market Switzerland Fundamentals remain intact

Interest rates

Source: Reuters EcoWin, UBS

Swiss Net Immigration

Source: Swiss Federal Office for Migration, Swiss Federal Statistical Office, Credit Suisse Economic Research

Vacancy rate in urban centres < 0.6 % (whole of Switzerland < 1.5%) ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 7

Real Estate Market Switzerland Boom – but not overheated

Prices compared to disposable income

UBS Swiss Real Estate Bubble Index

Index 1980 = 100 300 280 260 240 220 200 180 160 140 120 100 80 80

Owner-occupied apartments Eigentumswohnungen Source: UBS

Single-family houses Einfamilienhäuser

Disposable income Verfügbares Einkommen

Source: Wüest & Partner; BFS; UBS WMR

Renovation â&#x20AC;&#x201C; the Topic of the Future Sharp increase in renovation applications throughout Switzerland Applications for refurbishment projects: deviation in the volume of planning applications submitted in last 6 months from 10-year average, by economic region

Source: Baublatt, Credit Suisse Economic Research, Geostat ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 9

Half-Year Report 2012 Key figures

ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 10

Key figures and Operating income Excellent proof of performance in CHF millions

Consolidated revenue

June 2012 June 2011

+/- in %

1'194.7

1'084.7

10.1%

EBIT divisions

26.2

15.7

66.6%

Operating income

24.2

12.3

96.5%

2.0%

1.1%

13.1

4.2

1.1%

0.4%

Consolidated profit

211.1%

ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 11

GC/Services – Revenue and EBIT Record level maintained

in CHF millions

Revenue

519

513

EBIT

555

581

501

9.4

9.1

9.5

2.5%

8 6.6 6

1.8%

1.3%

6.1

1.7%

1.6%

HY1 2009

HY1 2010

HY1 2011

HY1 2012

2.0% 1.5%

1.2%

HY1 2008

3.0%

1.0%

0.5%

0.0% HY1 2008

HY1 2009

HY1 2010

HY1 2011

HY1 2012

GC/Services â&#x20AC;&#x201C; Revenue and Orders at 30.06.2012 Pipeline well filled

in CHF millions

Revenue development

Business Park Terre Bonne, Eysin

1.111

1.137

1.188

609

598

636

633

519

513

501

555

2008

2009

2010

2011

581

2012

Secured revenue

Development of order book (Public sector share: 16%)

actual year prior year

1.783 1.247

1.128

1.473

1.603

1.617

96,8% 95,7% 62,0% 66,3% 17,5% 17,3%

06.2008

06.2009

06.2010

06.2011

06.2012

2012

2013

2014

ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 13

GC/Services – Major Projects Successfully renewed and better diversified regionally Europaallee Site A



Buildings successfully handed over on 30.6 and 31.7. full operations start mid-September

Europaallee Site C



Successful replacement of major projects coming to an end planned completion February 2013

Parktower



Integrated business model fully applied

JTI



Construction started in August 2012 , construction time approx. 2 ½ years © Implenia | Corporate Center | 30.08.2012 | Page 14

Real Estate (Project Development) – Portfolio and EBIT Strong result – sustained success confirms strategy Real estate portfolio

EBIT

253 229 188

170

10,6

10,3

10 169

in CHF millions

8,9

8 6 4,2

4 2

1,2

0 HY1 2008

HY1 2009

HY1 2010

HY1 2012

1. HJ 2012

HY1 2008

HY1 2009

HY1 2010

HY1 2011

HY1 2012

Real Estate (Project Development) – Regional Distribution From "West" to "East" 2012

2009

EAST

EAST 9%

18%

40% WEST ZURICH 15%

60%

WEST

ZURICH 38%

CENTRAL

13% CENTRAL

 Regionally balanced portfolio

Growth in population (2001-2010)

 Project development team strengthened  Many projects at realisation stage in the Zurich area  Consistent investment behaviour

Increased by: 9% and more 6-9% Decrease in population

3-6%

0-3%

Source: Wüest & Partner, BfS

 Focus on structurally strong areas around Lake Geneva and in the Zurich economic area

Infrastructure – Revenue and EBIT Back on Track – despite the cold February Revenue

500

505

535

in CHF millions

EBIT

511

514

0 -1.2%

-1.5%

-1.3%

-6.7

-5 -6.0

-7.4

-2.5%

-10

-12.8 -15 HY1 2008

HY1 2009

HY1 2010

HY1 2011

HY1 2012

HY1 2008

HY1 2009

HY1 2010

HY1 2011

0.0% -0.5% -1.0% -1.5% -2.0% -2.5% -3.0% -3.5% -4.0% -4.5%

HY1 2012

Infrastructure – Revenue and Orders at 30.06.2012 Outstanding order intake creates confidence

in CHF millions

Revenue development 1.115

1.123

614

619

1.201

1.147

666

636 514

Bridge raising, Brüttiseller Kreuz Development of order book

505

535

511

2008

2009

2010

2011

2012 actual year

Secured revenue

(Public sector share: 74%)

912

500

prior year

961

951 790

629 85,8% 83,0% 22,5% 23,5%

06.2008

06.2009

06.2010

06.2011

06.2012

2012

2013

9,5%

2,3%

2014

Infrastructure – Takeover of Locher Infrastructure modernisation as an important trend  Modernisation of infrastructure topic of the future  Acquisition of Locher Bauunternehmer AG  Bundling of existing and new resources:    

Hydro Tunnel refurbishment Concrete repair Grinding/drilling

 Ambitious goals  New management Proportion of new building, renovation and public maintenance

Public maintenance Work renovation New building Source: BfS © Implenia | Corporate Center | 30.08.2012 | Page 19

Industrial Construction – Revenue and EBIT Best performer: Tunnelling Switzerland Revenue

in CHF millions

EBIT

165

40%

35% 15 85

86 71

13.7

12.8 10.2

16.1%

9.4

14.3% 10.8%

10.3

25% 20% 15%

12.4%

30%

7.8%

10% 5%

0 HY1 2008

HY1 2009

HY1 2010

HY1 2011

HY1 2012

0% HY1 2008

HY1 2009

HY1 2010

HY1 2011

HY1 2012

Industrial Construction – Revenue / Orders at 30.06.2012 Declining market in Switzerland compensated by Norway

in CHF millions

Revenue development (IFRS) 263

158

143

Gevingåsen Tunnel, Stjørdal Development of order book

166

165

179

2008

2009

2010

2011

2012 actual year

Secured revenue

(Public sector share: 88%)

prior year

984 806

783

615

705

92,4% 98,7% 46,9% 56,0% 16,7%

06.2008

06.2009

06.2010

06.2011

06.2012

2012

2013

31,1%

2014

Industrial Construction Tunnelling – Revenue and EBIT in CHF millions Shrinking volumes but outstanding operational performance Revenue

EBIT

40%

17.1

15.2

13.2 20.5%

11.5

13.8%

14.7%

21.9%

18.6%

35% 30% 25% 20% 15%

10% 5%

0 HY1 2008

HY1 2009

HY1 2010

HY1 2011

HY1 2012

0% HY1 2008

HY1 2009

HY1 2010

HY1 2011

HY1 2012

Industrial Construction Tunnelling – Middle East Start-up poses huge challenges Muharraq project

Legend:

Muharraq project Al Ain project A: Hub Middle East, Bahrain

B Al Ain project

B: Abu Dhabi Branch Office

 Muharraq project

Start Sept 2011, completion May 2013 Construction costs USD 11.5 million

 Al Ain project

Start Feb 2011, completion end of March 2012 Construction costs USD 12.0 million

Industrial Construction Prime Buildings – EBIT Break-even beyond reach – new positioning

in CHF millions

EBIT

0,0

 Currently part of Tunnelling Division

-0,5

 Balancing resources therefore difficult

-1,0 -1,5

-2,0

-2,1

-2,5 -3,0 -3,5

 Limited operational synergies

-1,1

-1,5

Turin)

 No critical mass

-3,0

New positioning being drawn up

-3,4 HY1 2008

 Consultancy function only (except Torre in

HY1 2009

HY1 2010

HY1 2011

HY1 2012

Industrial Construction Norway – 1 year following takeover Substantially improved market position Major successes:  Development of order book impressive, high hit rate  Exchange of personnel and know-how transfer between Switzerland and Norway  Targeted acquisitions

Performance of order book (in NOK million) 1.400 1.200

Consolidation as of 18.07.2011

1.000 800 600 400 03. 06. 09. 12. 03. 06. 08. 10. 12. 02. 04. 06. 2010 2010 2010 2010 2011 2011 2011 2011 2011 2012 2012 2012

 Attractive employer (good name in the market) Major projects currently under way:  Brokke 470 million NOK, hydroelectric power plant

 E39 Bergen 328.7 million NOK, tunnel and road construction (hybrid)

 Drammen 126.1 million NOK, rail infrastructure

 FV 541 Bømlo 120.5 million NOK, tunnel and road constr. (hybrid) © Implenia | Corporate Center | 30.08.2012 | Page 25

Half-Year Report 2012 IFRS reporting

ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 26

EBIT – Operating income – Consolidated profit Financial performance clearly improved in CHF millions

June 2012 June 2011

EBIT divisions

26.2

15.7

Miscellaneous / Holding

-2.0

-3.4

Operating income

24.2

12.3

2.0%

1.1%

Financial result (net)

-5.8

-5.5

Pofit before tax

18.5

6.8

1.5%

0.6%

Tax

-5.3

-2.6

Consolidated profit

13.1

4.2

1.1%

0.4%

+/- in % 66.6%

96.5%

170.5%

211.1%

Miscellaneous / Holding Group costs under control HY1 2012

in CHF millions

HY1 2011

-321

-1,949

1,700

272 -945

-2,716 -3,328 Holdingoverhead/ Misc. costs

-3,389 IAS 19

Amortisation of intangible assets

Impact on operating income

Holdingoverhead/ Misc. costs

IAS 19

Amortisation of intangible assets

Impact on operating income

ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 28

Income statement â&#x20AC;&#x201C; Key figures Record figures

in CHF millions

Operating income

EBIT divisons HY1

HY2

Margin

HY1

HY2

Margin

93,7

93,5 80,0

77,7

77,0

70,0

67,6 59,0 77,8 63,9

81,3 58,3

57,9

54,6

3,0%

35,3

3,5%

3,7%

26,2

3,2%

57,2

3,0%

3,3%

3,7%

24,2

2,6% 15,4

16,1

19,1

15,7

2008

2009

2010

2011

* HY 1 Sale of Privera CHF 11.3 million

23,7*

19,4 10,5

2012

2008

2009

2010

12,3

2011

2012

ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 29

Income statement â&#x20AC;&#x201C; Key figures Trend continues

in CHF millions

Consolidated profit HY1

HY2

EBITDA HY1

Margin

HY2

Margin

140,5

98,5

104,6

112,6

111,1

40,0 23,2

47,1 40,9

40,0

2,1%

2,2%

1,7% 16,8 *

2008

52,5

6,2

2009

12,5

2010

* HY 1 Sale of Privera CHF 11.3 million

54,8

61,4

75,5

5,6% 4,2%

57,2

2,4%

76,0

13,1

4,6%

43,7 * 29,1

43,2

4,7%

36,6

29,4

4,2

2011

2012

2008

2009

2010

2011

2012

ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 30

Balance sheet â&#x20AC;&#x201C; Assets Cash is king in CHF millions

June 2012 June 2011

+/- in %

Cash and cash equivalents, securities

351.3

247.0

Debtors / work in progress

761.2

712.5

Real estate operations

252.7

229.4

Other current assets

115.1

112.0

1'480.3

1'300.9

13.8%

417.4

368.8

13.2%

1'897.7

1'669.7

13.7%

Total current assets Total non-current assets Total ASSETS

ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 31

Balance sheet â&#x20AC;&#x201C; Liabilities Project and income accruals greatly improved in CHF millions

Current financial liabilities

June 2012 June 2011

+/- in %

4.6

1.4

Creditors / work in progress

847.4

706.6

Other current liabilites

215.1

190.4

1'067.1

898.4

206.5

198.4

89.3

76.7

Total non-current liabilities

295.8

275.1

7.5%

Equity and non-controlling interest

534.8

496.2

7.8%

1'897.7

1'669.7

13.7%

Total current liabilities Non-current financial liabilities Deffered taxes, provisions

Total LIABILITIES

18.8%

ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 32

Group Financing – New Syndicated Loan 2012-2017 Funding secured for 5 years Cash facility via syndicated loan Use

500

Guarantee facility via syndicated loan Credit line

450

400

350

250

249

300 250

250

200

150

Use

500

450

300 250

in CHF millions

150 new: 150

200

250

182

171

100

50 06.08

06.09

Credit line

450

350

150

100 0

450

new: 350

149

160

06.10

06.11

194

0 06.08

06.09

06.10

06.11

06.12

from 08.12

06.12

from 08.12

New syndicated loan  Credit line confirmed for 5 years (150 million cash and 350 million guarantees)  Step-up option  bond refinancing guaranteed (cash +100 million / guarantees -100 million)  Attractive conditions  Clear oversubscription (19 banks) Other credit lines  Further unused bilateral lines for around 25 million cash and around 150 million guarantees © Implenia | Corporate Center | 30.08.2012 | Page 33

Cash Flow Statements Seasonal cash outflow greatly reduced

in CHF millions

2012: 13.1

27.4

8.3

-5.7 -49.0 -9.8 -13.7 -29.4

Result

Non-monetary transactions

4.2

18.8

Change in advance payments

Cash flow for Other changes real estate in NWC transactions

Other transactions

Cash flow Free-Cash-Flow investments

2011:

-28.0 -12.6

-66.7

-9.8

-7.3 -101.4 ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 34

Half-Year Report 2012 Sustainability Report 2011

ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 35

Sustainability Implenia â&#x20AC;&#x201C; Sustainability Report 2011

"We want to create sustainable values."

ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 36

Why sustainability? Our understanding â&#x20AC;&#x201C; the three circle model

Society

Environment

Economy

ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 37

Sustainability and our sector Environment Challenges ▪ Climate change ▪ Scarcity of resources (energy, water, etc.) ▪ Loss of biodiversity ▪ Environmental pollution

Importance of the construction sector ▪ 30% of greenhouse gas emissions ▪ 40% of energy consumption ▪ 75 % of waste generated

Sustainability and our sector Society Challenges ▪ ▪ ▪ ▪ ▪ ▪

Health/safety Population growth Demographic change Mobile society Urbanisation Equal opportunities

Importance of the construction sector ▪ Infrastructure Switzerland    

3,400,000 apartments 1,500,000 buildings 70,000 km of streets 5,000 km railway track

▪ 50,000 accidents at work/year

Sustainability and our sector Economy Challenges ▪ Sustainable investors / shareholders ▪ Pressure of competition ▪ Lack of specialist employees ▪ Volatility of the markets ▪ Globalisation

Importance of the construction sector ▪ CHF 55 billion turnover p.a. on average ▪ 1/3 public money ▪ 300,000 jobs

Sustainability Responsibility of the sector and of Implenia

"What we do – and do not do – has a major impact on the environment, the economy and society at large." © Implenia | Corporate Center | 30.08.2012 | Page 41

Why sustainability? Because we take the needs of our stakeholders seriously

The link between economic success and maintaining an intact environment and social responsibility is demonstrated in

 The wishes of a growing number of clients  The personal aims of our current and future employees  The aims of an increasing number of shareholders  The function and commitment of our management

Implenia's Sustainability Report Our five key items Sustainable products and services - Client relationships - Products and services - Supplier relationships

Attractive working environment - Further training - Talent management - Work safety and health protection

Handling the environment with care

Social commitment and compliance

- Energy and resource efficient

- Code of Conduct - Stakeholder dialogue

Financial excellence

- Sustainable improvement in results

- Communication - Support and sponsorship

ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 43

Sustainability Five Key items

ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 44

First key item (1/2) Sustainable products and services "Make a contribution to core business" Goal Status in 2011 Individual customer activities in the divisions

Activities by 2012/2013 Launch group-wide key account management

Advise customers early and comprehensively



Push ahead with initiation and realisation of sustainable construction projects

Building Construction  4 pilot projects in planning  Collaboration on Swiss Sustainable Construction Standard, SIA Efficiency Path 2040 (2000-Watt Society)  GeNaB® consistently applied to developments

Building Construction  Work on one «Swiss Sustainable Construction Standard» project  Continuously check compliance with sustainability criteria in ongoing projects  Keep developing and consistently applying GeNaB®

Civil Engineering and Infrastructure Construction  Collaboration on initial formulation of «Sustainable Construction in Civil Engineering/ Infrastructure Construction started

Civil Engineering and Infrastructure Construction  Work on concrete «Sustainable Construction in Civil Engineering and Infrastructure» projects



First key item (2/2) Sustainable products and services "Make a contribution to core business" Goal Status in 2011

Activities by 2012/2013

Define and implement criteria for suppliers



No activities yet



Define, implement and review criteria for suppliers

Intensify networking between divisions



Know-how-transfer and cooperation in early project phases has been strengthened and put into practice in various projects



Make «Sustainable Overall Construction» a reality based on Implenia’s core competences Consistent cooperation between divisions



Example 1 Sustainable products and services Highlight "schorenstadt" pilot project

“Real Estate Award” Project development

Beacon project in the city of Basel, at the cutting edge of environmental thinking that meets the “2000-Watt Society” criteria. © Implenia | Corporate Center | 30.08.2012 | Page 47

Second key item Attractive working environment "Ideal partner for our employees" Goal Status in 2011

Activities by 2012/2013

Recruit from within



Succession planning launched



Implement succession planning/talent management/Icademy

Use training and development to nurture employees



CAS Construction Cost Planning launched



Successfully implement CAS Construction Cost Planning Continue existing training and development offering

Reduce number of occupational accidents and number of lost hours they cause



«Vital rules on the building site» awareness campaign carried out



Use training and control measures to reduce slips, trips and accidents involving tools and equipment

Example 2 Attractive working environment Highlight Construction Cost Planning GU/TU

Development of the Certificate of Advanced Studies in cooperation with the Lucerne University. ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 49

Third key item Handling the environment with care "Securing resources for the future" Goal Status in 2011

Activities by 2012/2013

Record, and analyze the material, energy and waste flows that Implenia can influence, and take measures to reduce them



Data recording concept mapped and implemented in SAP, staff trained in recording concept



Interpret initial data, set reduction targets and implement reduction measures for 2013

Continue employee awareness raising campaigns



Awareness campaigns carried out on energy, water and fuel Eco-Drive courses carried out for some machinery operators and office personnel



Carry out awareness campaigns to realise reduction targets Complete Eco-Drive courses for machinery operators and office personnel

Further develop energy and resource efficiency in production facilities



Invest in asphalt mixing plant in Valais to preserve resources through hot recycling



Use renewable energy for asphalt production

Example 3 Handling the environment with care Highlight reduction in fuel consumption

Training for 75 lorry drivers. By using green driving methods 120,000 litres of diesel can be saved and CO2 emissions reduced by 300 tonnes p.a. ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 51

Fourth key point Social commitment and compliance "Create trust" Goal

Status in 2011

Activities by 2012/2013

Consolidate the Code of Conduct as part of corporate culture



Code of Conduct completed; initial training



Carry out consistent training via e-learning platform, revise Code of Conduct

Include all stakeholders in dialog



Further strengthening of dialog with employees, customers and shareholders



Broaden dialog with society, thus making Implenia more tangible to the general public

Create transparency about Implenia’s sustainability activities



Reporting concept developed, reporting started



Start to formulate second sustainability report

Example 4 Social commitment and compliance Highlight interaction with stakeholder groups

Broadly supported, direct contact with the public is vital for the success of a project. For this reason Implenia organises regular public viewings of its construction sites. ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 53

Fifth key item Financial excellence "Guarantee further development" Goal Status in 2011 Create financial value («economic profit»)



Activities by 2012/2013

Foundations laid for introduction of «Value-Oriented Management»

Economic Profit = Operating income after tax



Introduce Value-Oriented Management

(Invested Capital x WACC)

(NOPAT)

Growth

Cost efficiendy

Capital efficiency

Value drivers

Example 5 Financial excellence Highlight stamp of quality in the financial market

Implenia has achieved the Kempen SRI Universe Standard. The stamp of quality for European companies who show exemplary commitment towards their employees, society and the environment.

ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 55

Sustainability How to continue

ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 56

Implenia's Sustainability Report Our current positioning ... where do we want to go? Minimise risks

Reduce costs Increase efficiency

Observe demands

 Focus on the reduction

 Focus on cost

of risks

 Observe the minimum  Adjust to the demands of the law, the market and society

 Backwardness re innovations

 Compliance

reduction and increased productivity

   

Shape and transform

Seek out competitive advantage

Clean technology Ecological efficiency Corporate policy Management systems

Proactive attitude

 Attract and retain

Sustainable work

 Integration in the

talents

corporate culture

 Stakeholder

 Sustainability

commitment for innovations

management

 Sustainable processes and products

 Strengthens reputation and increases value

 Key figures and continuous improvements

 Always one step ahead

 Agenda setting Value conservation today Based on PwC

Generate added value

Sustainability is our passion

"With the development of sustainable solutions Implenia creates added value for all its stakeholders"

ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 58

Half-Year Report 2012 Outlook

ÂŠ Implenia | Corporate Center | 30.08.2012 | Page 59

Outlook Confidence due to good order book Order book

Juli 2012

Juli 2011

Real Estate Infrastructure Industrial Construction

1'649.4 950.7 674.5

1'620.6 754.9 591.6

TOTAL order book

3'274.6

2'967.1

in CHF millions

Neugrüen, Mellingen Development of order book

Secured revenue as of July 2012

(Public sector share: 51%)

3.369

94.0%

3.540 3.008

2.659

3.283 (PY: 92.7%)

46.9% (PY: 47.8%)

15.0% (PY: 14.1%)

06.2008

06.2009

06.2010

06.2011

06.2012

2012

2013

2014

Outlook Consistent implementation of our strategy Initiatives

Process optimisation

Current activities Setup of central procurement with international competence  Centralisation of Infrastructure logistics  Apply "One Company" spirit 

New Enterprise Risk Management (ERM)  Improved risk and project management in GC  SAP as standard tool Group wide

Risk management as a core competence



Increased client and marketorientation



Optimised Group organisation  Expansion of Account Management "Modernisation" of Building Construction and Infrastructure  Expansion of resources in Norway (locally and from Switzerland)  Health as a new focal topic 

Growth initiatives

Employee orientation

Implenia Academy for Management  Talent management and succession planning 

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