Outline 2020

Page 1

Project Development

Restoration & Renovation Julianaplein 10a, 5211 BC, ’s-Hertogenbosch The Netherlands T +31 (0)88 494 70 00  www.jajo.com

PROJECT DEVELOPMENT

Janssen de Jong Projectontwikkeling Science Park Eindhoven 5049 5692 EB Son en Breugel The Netherlands T +31 (0)88 355 94 00  www.jjpo.nl Also offices in Utrecht and Hengelo

Sittard - Petruskerk

Business Premises

RESIDENTIAL HOUSING

Janssen de Jong Bouw Zuid Science Park Eindhoven 5049 5692 EB Son en Breugel The Netherlands T +31 (0)88 355 93 55  www.janssendejongbouw.nl Janssen de Jong Bouw Oost Alfred Marshallstraat 1 7559 SE Hengelo The Netherlands T +31 (0)88 355 97 00  www.janssendejongbouw.nl Janssen de Jong Bouw Noord Kollergang 1 7773 NG Hardenberg The Netherlands T +31 (0)88 355 95 70  www.janssendejongbouw.nl

Den Haag - Tuinen van Wils

Residential Housing

Prefab Hout Constructies Hardenberg Maalstoel 2 7773 NN Hardenberg The Netherlands T +31 (0)88 355 95 70

Hoorn - De Eekhoorn

Caribbean

Janssen de Jong OnderhoudPlus Jan van Riebeeckweg 17 5928 LG Venlo The Netherlands T +31 (0)88 355 93 88  www.onderhoudplus.nl Also offices in Hengelo, Hardenberg, Son en Breugel

RESTORATION & RENOVATION

St. Eustatius - Golden Rock

CARIBBEAN

Binder Art Services Nieuweweg 4 2033 DK Haarlem The Netherlands T +31 (0)88 355 98 60  www.binderart.nl

Mijnmaatschappij Curaçao Newport, Postbus 3078 Willemstad, Curaçao T +5999 433 85 44  www.mijnmaatschappij.com

BUSINESS PREMISES

Betonindustrie Brievengat Kaya Playa Kanoa, Brievengat Willemstad, Curaçao T +5999 433 85 33  www.bib.cw

Hercuton Touwslager 2 5253 RK Nieuwkuijk The Netherlands T +31 (0)88 205 34 00  www.hercuton.nl Remco Ruimtebouw Touwslager 2 5253 RK Nieuwkuijk The Netherlands T +31 (0)88 004 93 00  www.remco.nl Woody Building Concepts Touwslager 2 5253 RK Nieuwkuijk The Netherlands T +31 (0)88 205 34 70  www.woodybuildingconcepts.nl ServicebouwPlus Touwslager 2 5253 RK Nieuwkuijk The Netherlands T +31 (0)88 205 34 50  www.servicebouwplus.nl Pvvt Touwslager 2 5253 RK Nieuwkuijk The Netherlands T +31 (0)88 205 34 60  www.pvvt.nl

Koninklijke Woudenberg Voorstraat 7 4233 EA Ameide The Netherlands T +31 (0)88 355 96 00  www.koninklijkewoudenberg.nl

Remco International Touwslager 2 5253 RK Nieuwkuijk The Netherlands T +31 (0)88 004 93 00  www.remco.nl/en

Koninklijke Woudenberg Maastricht Louis Loyensstraat 5 6221 AK Maastricht The Netherlands T +31 (0)88 355 96 90  www.koninklijkewoudenberg.nl

Ocmer Al. Kosciuszki 80/82 pol. 201 90-437 Lódź, Poland T 00 48 426 34 87 90  www.ocmer.com.pl

Meesters In Hogewaard 6 4235 VS Tienhoven The Netherlands T +31 (0)88 355 98 00  www.meesters-in.nl

Doorn - Het Zonnehuis

Van der Vegt Smeed- en Constructiebedrijf Manmakerweg 2-4 2971 VP Bleskensgraaf The Netherlands T +31 (0)88 165 20 00  www.vandervegt.nl

Curaçaose Wegenbouw Maatschappij Industrieterrein Groot Davelaar 148 Willemstad, Curaçao T +5999 433 85 00  www.curacaosewegenbouw.com

Albo Caribbean Industrieterrein Groot Davelaar 148 Willemstad, Curaçao T +5999 433 85 00  www.albocaribbean.com Eigen Woning Plan Industrieterrein Groot Davelaar 148 Willemstad, Curaçao T +5999 433 85 00  www.eigenwoningplan.com Bonairiaanse Wegenbouw Maatschappij Kaya Industria 43, Kralendijk, Bonaire T +5997 17 89 33  www.bonairiaansewegenbouw.com Albo Aruba Barcadera 122, Oranjestad, Aruba T +297 528 58 08  www.alboaruba.com Arubaanse Wegenbouw Maatschappij Barcadera 122, Oranjestad, Aruba T +297 585 30 07  www.awmaruba.com Windward Roads Falcon Drive 5, Philipsburg, Sint Maarten T +1721 542 75 20  www.windwardroads.com Saba Roads & Construction The Bottom, Clement Sorton Street, Saba T +599 416 37 62 Anguilla Roads & Construction Blowing Point Road, South Hill, Anguilla T +1 264 462 88 10 Statia Roads & Construction T +1 721 542 75 20

Outline 2020


Report of the Board of Directors The world has changed when in March 2020 the corona pandemic broke out. Not only organisations had to digitise more quickly and had to deal flexibly and dynamically with the fast-changing market conditions, but it also turned out to be a reset for many entrenched processes and habits. As a result, the circular debate gained its momentum. This fitted in perfectly with the ambition of Janssen de Jong Groep, which focuses on the reuse of materials. The need for this is more than clear to us. We are on the threshold of major changes, and just at that level, Janssen de Jong Groep feels responsible to take the lead in the Dutch construction industry.

Retrospect 2020

Refinancing

For Janssen de Jong Groep the year 2020 would lean on two pillars: customer satisfaction and digital integration. Due to the outbreak of the coronavirus, the digital integration became more than relevant, it turned out to be a necessity of life for the continuation of the usual business operations. The IT departments within the clusters showed their professionalism and craftsmanship. In The Netherlands, Poland, and the Caribbean, we made a collective seamless transition from physical to online meetings.

In March 2020, Uranus 1952 BV, a shareholder of Janssen de Jong Groep, restructured the group financing with its house banks ING and ABN AMRO. The outline of the new funding relates to a term loan of € 10 million (repayment term of four years) and a recurring credit facility of € 20 million. Market rates have been agreed upon for group financing.

Customer satisfaction was placed in a completely different perspective. The pandemic prompted us to immediately anticipate the crisis. Our people proved themselves to be flexible and effective sparring partners. By responding quickly and correctly and seeking communication, together with our stakeholders they came up with effective answers. Challenging issues that society did not have to think about before the corona pandemic. The maneuverability of Janssen de Jong Groep is also reflected in the figures. The Group closed the year strongly with a net profit of € 17.4 million. This compared to a net profit in 2019 of € 14.9 million. The net result rose by approximately 17%. The total liquidity position on December 31, 2020, was € 53 million. This is an improvement of € 30 million compared to 2019. Because of the improvement in working capital and refinancing, investments in 2020 consisted mainly of replacement investments. The size of the workforce has decreased by 35 employees compared to 2019 (968 employees).

Circular ambition Today’s world demands change and the Janssen de Jong Groep customers too. Traditional real estate thoughts tilt slowly. So, we are increasingly aware of the problems associated with virgin materials, the scarcity and depletion thereof. In 2020, Janssen de Jong Groep focused on a strategic partnership with New Horizon Urban Mining, a company that harvests materials instead of demolishing them. This collaboration forms the foundation for our circular ambition, which is set out in the Janssen de Jong Groep Strategic Plan for the years 20212023. The ultimate goal is that no materials in our real estate chain will be undescribed. Stones, piles, foundation, plastic, wooden, and steel frames. All these materials will be numbered and recorded in a digital library property. Ready for reuse. Ready to be harvested.

Transformation

2020 has been a realignment of the Dutch clusters. This to be able to transform from a group of construction specialists to a partner in the real estate cycle. By partnering with New Horizon Urban Mining, Janssen de Jong

Groep has the entire real estate cycle - new construction, maintenance, renovation, redevelopment, and harvesting equipment under one roof. This not only strengthens the Group as a whole, but also the cooperation between the clusters. This means that our clients land on a Janssen de Jong Groep platform. They can enter the real estate life cycle at any time. It ensures that our customer’s experience becomes a smooth transition between the different stages of real estate. Not based on sending 25 e-mails to get to the next counter but based on data and the customer profile to follow through within the ambition of our customer. We use the life cycle of real estate - with all opportunities and laws - to move forward together. It’s a big step in our circular thought, and it’s even getting better in the next following years.

New core values The core values of the Janssen de Jong Groep are Courage, Solution-oriented, and Together. We inspire each other by applying our core values in daily business operations. It leads to innovations, higher customer satisfaction, and optimal knowledge transfer, internally and externally. This enhances the synergy between stakeholders and our subsidiaries.

Outlook for 2021 - invest in the future Janssen de Jong Groep is ambitious and the Group needs professionals to realise its ambitions. Passionate people with a Janssen de Jong heart. We invest in the personal development of our people and apply a recruitment policy that puts character first. We, therefore, consider ourselves fortunate that we have been able to keep our employees despite the corona crisis. We did not have to let them go as a result of the corona crisis. In addition, we will focus on geographic spread in 2021. This limits the travel time of our employees, which is better for the environment and work-life balance.

New Horizon Urban Mining The strategic partnership between Janssen de Jong Groep and New Horizon Urban Mining will be expanded in 2021 and strengthened by the take-over of New Horizon Urban Mining. This take-over sets a foundation for the realisation of the circular vision of Janssen de Jong Groep.

The only way of doing business that ensures the future. We can only remain relevant when we stop wasting, by throwing away useful materials. It is necessary for our generation and the generations after us.

Financial outlook Despite the current developments as a result of the coronavirus, for the Netherlands, we expect a higher turnover with an unchanged result based on the current order book. For our Caribbean activities, the market conditions are a lot more challenging. Due to the coronavirus lockdown, we expect lower turnover and lower results. Group-wide turnover is expected to increase by approximately 10%.

Thanks! The corona pandemic has shown us how committed and flexible our employees are. Without them, there is no Janssen de Jong Groep. Because the Group is the people. One of the great parts of our job is visiting the projects and the offices. We are proud to see how Janssen de Jong employees create together. A word of thanks for Hans Huis in ‘t Veld, who, after four years as chairman of the Supervisory Board, has handed over the baton to Hans Smits. His knowledge has contributed to the growth and development of the company. We would like to thank him for his term of office, in which he has always passionately provided advice to the board. Thanks! Where doors close, doors open. With the arrival of Ine Frings, the Supervisory Board has been enriched with knowledge and insight in the field of organisational development and human resource management. Together with Jurgen Stegmann, legal financial, and Hans Smits, a highly experienced director, the circle of the Supervisory Board is perfectly balanced. And finally, a big thank you to the shareholders of Janssen de Jong Group. The trust they placed in us and space they give for the undertaking. On to an exciting and successful 2021! May 19, 2021 Board of Directors Janssen de Jong Groep

90

CONSOLIDATED PROFIT AND LOSS ACCOUNT

(x1.000 euro)

Net revenue

Change in work in progress

Revenues

CONSOLIDATED BALANCE SHEET

(before appropriation of profit / x1.000 euro)

2020

2019

399.718

348.510

-8.401

4.109

391.317

352.619

Assets

31-12-2020

31-12-2019

1.175

1.480

Tangible fixed assets

26.966

30.084

Financial fixed assets

27.476

19.213

Investment roperty

18.122

15.023

Fixed assets Intangible fixed assets

Raw materials and consumables

116.353

101.146

Current assets

Work subcontracted and other external expenses

172.688

153.001

Inventories

39.987

44.519

53.030

52.275

Receivables

47.997

46.110

4.745

5.468

Cash and cash equivalents

52.776

23.209

19.444

21.996 214.499

179.638

31-12-2020

31-12-2019

Shareholders equity

88.310

74.088

Provisions

17.527

17.344

Non-current liabilities

17.804

14.673

Construction contracts

6.725

3.384

84.133

70.149

214.499

179.638

Wages, salaries and social security costs Depreciation of intangible and tangible fixed assets Other operating expenses

Total assets Operating expenses

Earnings before interest and taxes (EBIT)

366.260

333.886

25.057

18.733

Finance income

114

354

Finance expense

766

1.260

Profit before income tax

24.405

17.827

Share in profits of associates

-1.794

99

Income tax expense

-5.199

-3.069

30

0

17.442

14.857

Liabilities

Current liabilities

Profit after income tax Minority interests

Net profit

Total equity and liabilities


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