ÅF Group Viktor Svensson, IR November 2009
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Transcript of ÅF Group Viktor Svensson, IR November 2009
ÅF Group
Viktor Svensson, IR
November 2009
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ÅF in a Global World4 400 employees, 23 countries
Own offices / Subsidiaries / Branch Offices
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ÅF today
ÅF
Energy920 employees
Engineering1 270 employees
Infrastructure1 660 employees
Inspection470 employees
4 319 employees in 23 countries
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Energy marketand the longer term outlook remains good
Source IEA
2005 level
Global power generation in 2030 EUROPE:• CO2 reduction targets, emerge of electricvehicles, energy efficiency initiatives,new energy technologies => demand for ÅF• Over half of Europe’s power plantsare already past their mid-life time (RWE)
• 1 200 TWh new power production inEurope by 2020 (EURELECTRIC)
WORLD:• Electricity demand will certainly return to its growth pattern with the global economy• 13 000 TWh new power production inthe world by 2030 (IEA)
ÅFs ’top clients’
Alpiq Banverket (Swedish National Rail Administration) Ericsson Fortum FMV (Swedish Defence Material Administration) SL (Stockholms Regional Transport Authority) Vattenfall Westinghouse
Development, 2005-2009(Rolling 12 months)
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2005 2006 2007 2008 2009
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2005 2006 2007 2008 20090123456789
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2005 2006 2007 2008 2009
Revenue EBIT EBIT marginMSEK MSEK %
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Division Jan-Sept2009
Jan-Sept2008 Q3 2009 Q3 2008
Engineering 10.0% 9.8% 9.3% 6.5%
Inspection 9.3% 12.1% 12.1% 13.4%
Energy 8.5% 11.4% 8.1% 12.7%
Infrastructure 7.3% 9.6% 4.2% 5.7%
ÅF Group 8.2% 10.3% a) 7.2% 8.2% b)
Operating margin
a) excluding Alecta fee discount 9.4%b) excluding Alecta fee discount 7.3%
ÅF vs Peers Q2 2009
MSEK Revenue EBIT %
ÅF 1 199 (1 174) 8,4 (11,5)
Sweco 1 395 (1 469) 8,4 (12,1)
Grontmij MEUR 207 (221) 5,0 (6,2)
Rejlers 195 (205) 3,6 (11,6)
Pöyry 3 620 (4 140) 2,7 (13,8)
Semcon 602 (902) -10,5 (7,9)
WSP N/A N/A
Atkins N/A N/A
Framgångsfaktorer (så här långt)
Nytt marknadsfokus (Energi, Miljö, Infrastruktur)
Bra förvärv
”Great people” (strategin, sekundär)
Självförtroende ! Coola – men ändå helylle.
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ÅF a top choice among professional graduates
Career Index 2009/2010The “Career Index” survey asked 6,500 of Sweden’s actively employed engineering graduates which company they would most like to work for.
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Powerful branding
The best partner for the best clients
ÅF meets every technical challenge
ÅF’s business model outperforms all competitors
ÅF sales will total 1 billion euro by 2015
VIS
ION
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ÅF-aktien
Noterad på Stockholmsbörsen 1986
Noterat på Mid Cap-listan
Antal aktieägare: cirka 5 500
Största aktieägare: ÅForsk
Antal aktier: 17 miljoner
Börsvärde: 3 000 MSEK
Svenska ägare: 62% av kap. 76% av rösterna
Utländska ägare: 38% av kap. och 24% av rösterna
The ÅF share vs Stockholm-index
Share-price performance & volume- average daily value, SEK
2004 : +14% (+18%) 836 000
2005 : +78% (+33%) 2 507 000
2006 : +36% (+24%) 6 461 000
2007 : +17% (-6%) 6 341 000
2008 : -29% (-42%) 7 320 000
2009* : +46% (+39%) 6 804 000
2010
*September 2009
Q&A – session