BILFINGER SE FACTBOOK
06/2024
June 2024 | Bilfinger SE Investor Relations Factbook | Page 1 |
Contents / Pages
1. COMPANY PROFILE | 5. SUSTAINABILITY | |||
Bilfinger SE - leading in Industrial Services | 3 | Bilfinger Materiality Matrix .….................…….………….. | 25 | |
Business offering …………...….…………………………………… | 4 | Bilfinger Sustainability Targets ……..…….…… | 26 | |
Segments and Revenue split .………….........………………. | 5 | Bilfinger commits to SBTi ………………………………………… | 26 | |
Outlook 2024…………………… | 6 | ESG Performance KPIs ……………………….…………………… | 27 | |
Mid-term financial targets…………………………………..…. | 7 | |||
Group Executive Management ……………………………….. | 8 | |||
Supervisory Board ..…….……………....……… | 9 | |||
Corporate History..……………………………… | 10 |
2. MARKETS
Addressable market ..…...…………................................. 11
Short and long term challenges ………………………………. 11
3. KEY FIGURES
Overview Group ..…………………..………………………………. | 12 |
Profit and Loss Statement ……………….….………………….. | 13 |
Cash Flow Statement ..…………….……………………………… | 14 |
ROCE ………………..…….……..…………….………………………… | 15 |
Net liquidity positions …………………………………………….. | 15 |
Gearing ratios………………………………………………………….. | 15 |
10-Year-Overview Balance Sheet ……………………………. | 16 |
10-Year-Overview Business Development … | 17 |
4. SEGMENTS | |
Engineering & Maintenance Europe ……………………….. | 18 |
Engineering & Maintenance International …… | 20 |
Technologies …………………………………… | 22 |
Reconciliation Group …………………………… | 24 |
6. BILFINGER SHARE
Master Data ………………………………...…… | 28 |
Relative Performance of our Shares ………….….………… | 28 |
10-Year-Overview Key Figures ……… | 29 |
Shareholder Structure ……………………………………………. | 30 |
Development of Dividend ………………………………………. | 31 |
Development of Market Capitalization …........………… | 31 |
Analysts' Coverage ……………..………….………………………. | 32 |
Analysts' Recommendation Development …….………… | 33 |
7. BILFINGER RATING | |
Bilfinger Rating….…………………………………… | 34 |
Bilfinger ESG-Ratings……………………………………………….. | 34 |
8. IR EVENTS AND CONTACT
IR Events 2024 ……………………………………………………….. 35
Contact Details ………………………………………………………. 35
June 2024 | Bilfinger SE Investor Relations Factbook | Page 2 |
1. Company Profile
BILFINGER SE
- NO. 1 FOR OUR CUSTOMERS IN ENHANCING EFFICIENCY & SUSTAINABILITY-
Bilfinger is an international industrial services provider. The aim of the Group's activities is to increase the efficiency and sustainability of customers in the process industry and to establish itself as the number one partner in the market for this purpose. Bilfinger's comprehensive portfolio covers the entire value chain from consulting, engineering, manufacturing, assembly, maintenance and plant expansion to turnarounds and digital applications.
The company delivers its services in two service lines: Engineering & Maintenance and Technologies. Bilfinger is primarily active in Europe, North America and the Middle East. Process industry customers come from sectors that include energy, chemicals & petrochemicals, pharma & biopharma and oil & gas. With its ~30,000 employees, Bilfinger upholds the highest standards of safety and quality and generated revenue of €4.5 billion in financial year 2023. To achieve its goals, Bilfinger has identified two strategic thrusts: repositioning itself as a leader in increasing efficiency and sustainability, and driving operational excellence to improve the organizational performance.
Bilfinger key data
in € million | FY 2023 |
Orders received | 4,735 |
Order backlog | 3,385 |
Revenue | 4,486 |
EBITDA | 289 |
EBITDA margin | 6.5% |
EBITA | 191 |
EBITA margin | 4.3% |
Special items | -1 |
Free cash flow | 122 |
Net profit | 181 |
Net profit adjusted | 117 |
Earnings per share (in €) | 4.84 |
Earnings per share adjusted (in €) | 3.12 |
Employees | 28,650 |
June 2024 | Bilfinger SE Investor Relations Factbook | Page 3 |
1. Company Profile
BUSINESS OFFERING
Digitalization | |||
Consultancy | Engineering | New builds & | Maintenance & Turnaround |
Modifications | |||
Regional footprint - FY 2023
4% | 24% | Germany | |
12% | 3% | Rest of Europe | |
€4.5bn | America | ||
Africa | |||
57% | Asia | ||
Market split - FY 2023 |
Other | Energy |
25% | 20% |
15% | 30% |
Oil & Gas | |
Chemical & | |
10% | |
Petrochemicals | |
Pharma & | |
Biopharma |
Key characteristics
- >30,000 employees
- >90% customer retention rate
- ~65% frame- and service contracts
- ~80% similar business across all
industries
- >140 years of engineering expertise
▪ Active in >30 countries
- MDAX listed in Germany
- Asset-light service provider
Contract split - FY 2023
Projects
37%
63%Frame and service contracts
June 2024 | Bilfinger SE Investor Relations Factbook | Page 4 |
1. Company Profile
THREE SEGMENTS
Revenue split by segment - FY 2023
Technologies
16%
E&M
International 16%
69%
E&M Europe
Revenue | EBITA | EBITA margin |
by segment - FY 2023 | by segment - FY 2023 |
€3,033m | ||
€682m | €684m | |
E&M | E&M | Technologies2) |
Europe1) | Intern. |
156
5.1%
E&M
Europe1)
€40m
5.9%
€3m
0.4%
E&M Technologies2) Intern.
- Restatement of 2023 figures due to new allocation of entities: revenue +54; EBITA -2; EBITA margin -0.3 percentage points
- Restatement of 2023 figures due to new allocation of entities: revenue -53; EBITA +2; EBITA margin +1.4 percentage points
June 2024 | Bilfinger SE Investor Relations Factbook | Page 5 |
1. Company Profile
OUTLOOK 2024
Outlook | ||||
in € million, % | FY 2023 | FY 2024 | YTD | |
(incl. Stork) | ||||
Revenue | 4,486 | 4,800 to 5,200 | 1,088 | |
Group | ||||
EBITA Margin | 4.3% | 4.8% to 5.2% | 4.0% | |
Free cash flow | 122 | 100 to 140 1) | 24 | |
E&M | Revenue | 3,033 | 3,200 to 3,600 | 729 |
Europe 2) | ||||
EBITA Margin | 5.1% | 5.7% to 6.1% | 4.5% | |
E&M | Revenue | 682 | 650 to 750 | 162 |
International | ||||
EBITA Margin | 0.4% | 2.5% to 4.0% | 2.1% | |
Revenue | 684 | 750 to 850 | 170 | |
Technologies 3) | ||||
EBITA Margin | 5.9% | 5.0% to 5.5% | 4.2% | |
Reconciliation | Revenue | 87 | 50 to 75 | 27 |
Group 4) | ||||
EBITA Margin | -9 | -15 to -25 | 0 | |
- Including ~€ 40 m special items cash-out efficiency program and ~€ 15 m special items integrations costs Stork, corresponds to Cash Conversion adjusted of ~70%
- Restatement of 2023 figures due to new allocation of entities: revenue +54; EBITA margin -0.3 percentage points
- Restatement of 2023 figures due to new allocation of entities: revenue -53; EBITA margin +1.4 percentage points
- Restatement of 2023 figures due to new allocation of entities: revenue -1; EBITA -2
June 2024 | Bilfinger SE Investor Relations Factbook | Page 6 |
1. Company Profile
MID-TERM FINANCIAL TARGETS
2025/2027
Organic Growth
4 to 5% CAGR
EBITA margin
6 to 7%
Cash Conversion (Free cash flow/EBITA)
>80%
Average NTA as of Revenue
<8%
June 2024 | Bilfinger SE Investor Relations Factbook | Page 7 |
1. Company Profile
EXECUTIVE BOARD
Dr. Thomas Schulz | Group CEO | ||
Born 1965, in federal state Saarland, Germany | |||
2022 | Bilfinger SE, Germany, Chief Executive Officer | ||
2013 - 2022 | FLSmidth A/S, Denmark, Group Chief Executive Officer | ||
2001 - 2013 | Sandvik AB, Sweden, most recently President Sandvik Construction | ||
1998 - 2001 | Svedala Industri AB, Sweden Business Area Manager | ||
Engineering studies and doctorate in mining at RWTH Aachen University, Germany
Degrees: Dipl.-Ing.,Dr.-Ing.
Matti Jäkel | Group CFO | |
Born 1961, in Düsseldorf, Germany | ||
2022 | Bilfinger SE, Germany, Chief Finance Officer | |
2020- 2022 | Division Other Operations, Germany, Executive President | |
2017 - 2019 | Region MMO Continental Europe, Germany, Finance Director | |
2014 - 2016 | Division Industrial Maintenance, Germany, Finance Director | |
2010 - 2013 | Bilfinger Industrial Services GmbH, Germany, CFO | |
2007 - 2010 | Bilfinger Berger Igenieurbau GmbH, Germany, CFO | |
2006 - 2007 | Bilfinger Berger Hochbau GmbH, Germany, CFO | |
2000 - 2006 | FRU-CON Construction CORP., USA, CFO | |
Baulderstone Hornibrook PTY. LTD. And BHBB M5 East Joint | ||
1997 - 2000 | Venture, Australia, Finance Director Civil Engineering and Finance | |
Diretor | ||
Since 1989 | Bilfinger+Berger Bauaktiengesellschaft, Germany, various technical and | |
commercial positions | ||
Studied Civil Engineering at TU München and Business Administration at Henley
Management College / Brunel University
GROUP EXECUTIVE MANAGEMENT
CEO | CFO | E&M | E&M | Techno- | Human | Procure- | Products & | ||||||||
Europe | International | logies | Resources | ment | Innovation | ||||||||||
Thomas | Matti Jäkel | Jürgen | Christian | Thorsten | Nicole | Christoph | Gerald |
Schulz | Liedl | Rugland | Hoppe | Herrfurth | Bäumer | Pilotto |
June 2024 | Bilfinger SE Investor Relations Factbook | Page 8 |
1. Company Profile
SUPERVISORY BOARD
Dr. Eckhard Cordes (Chairman)
Partner at Cevian Capital, Pfäffikon, Switzerland Partner and Managing Director with EMERAM Capital Partners GmbH, Munich
Stephan Brückner, Deputy Chairman*
Employee of Bilfinger Engineering & Maintenance GmbH, Heinsberg
Agnieszka Othman*
Employee of Multiserwis Sp. Z o.o., Krapkowice, Poland
Vanessa Barth*
Section Head, Target Group Work and Equality, IG Metall, Frankfurt am Main
Werner Brandstetter*
Employee of Bilfinger Industrial Services GmbH, Linz, Austria
Dr. Roland Busch
Chairman of the Supervisory Board of Delvag Versicherungs AG, Cologne
Member of various Supervisory Boards and Boards
Rainer Knerler*
Executive Employee of IG Bauen-Agrar-Umwelt and consultant, Berlin
Frank Lutz
Chairman of the Executive Board at CRX Markets AG, Munich
Dr. Silke Maurer
Member of the Executive Board at MTU Aero Engines AG, Munich
Robert Schuchna
Partner at Cevian Capital Ltd, Pfäffikon, Switzerland
Jörg Sommer*
Employee of Bilfinger arnholdt GmbH, Gelsenkirchen
Dr. Bettina Volkens
Member of various supervisory boards and independent consultant
Presiding Committee
Dr. Eckhard Cordes
Stephan Brückner
Rainer Knerler
Dr. Bettina Volkens
Audit Committee
Frank Lutz
Vanessa Barth
Dr. Roland Busch
Jörg Sommer
Strategy Committee
Dr. Eckhard Cordes
Stephan Brückner
Werner Brandstetter
Rainer Knerler
Frank Lutz
Robert Schuchna
Nomination Committee
Dr. Eckhard Cordes
Frank Lutz
Robert Schuchna
*Staff representatives | ||
June 2024 | Bilfinger SE Investor Relations Factbook | Page 9 |
1. Company Profile
CORPORATE HISTORY -
From construction company to industrial services provider
1880 | Beginnings of Grün & Bilfinger AG, the oldest |
forerunner company | |
1890 | Beginnings of Julius Berger Tiefbau AG and |
Berlinischen Boden-Gesellschaft (later | |
Bauboag) | |
1969 | Merger of Julius Berger and Bauboag |
1975 | Merger of Julius Berger - Bauboag and Grün |
& Bilfinger to form Bilfinger + Berger | |
Bauaktiengesellschaft | |
2001 | Renamed Bilfinger Berger AG |
from 2002 | Development of services divisions |
Industrial services (from 2002) | |
Real estate services (from 2002) | |
Power plant services (from 2005) | |
2010 | Transformation to Bilfinger Berger SE |
from 2011 | Disposal of construction business |
Sale of Valemus Australia (2011) | |
Sale of Construction division (Civil) (2014) | |
2012 | Renamed Bilfinger SE |
2016 | Sale of real-estate services and building |
construction activities | |
2017 | Focus on industrial services |
from 2022 | Vision: No. 1 for customers in enhancing |
efficiency and sustainability |
June 2024 | Bilfinger SE Investor Relations Factbook | Page 10 |
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Bilfinger SE published this content on 20 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 June 2024 09:31:04 UTC.
