Pressekonferenz Halbjahresbericht 2012 und Nachhaltigkeitsbericht 2011 E
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Transcript of Pressekonferenz Halbjahresbericht 2012 und Nachhaltigkeitsbericht 2011 E
Press Conference- Half-Year Report 2012- First Sustainability Report
Dietlikon 30 August 2012
A. Affentranger / B. Fellmann / M. Koschenz
© Implenia | Investor Relations | September 2011 | Seite 2
Half-Year Report 2012Highlights
© Implenia | Corporate Center | 30.08.2012 | Page 3
Highlights – First-Half of 2012Favourable start – success story continues
1. Best valuesEBITDA 43.2 million (+ 47.2%) Operating income 24.2 million (+ 96.5%)Consolidated profit 13.1 million (+211.1%)
2. Seasonal cash outflow greatly reduced
3. Net liquidity of 140 million
4. Full order books
in CHF millions
24.2
12.3
19.4
10.512.4
HY12008
HY12012
HY12011
HY12010
HY12009
Operating income
© Implenia | Corporate Center | 30.08.2012 | Page 4
Half-Year Report 2012Swiss Construction and Real Estate Market
© Implenia | Corporate Center | 30.08.2012 | Page 5
Construction Market SwitzerlandVolumes remain high – strong infrastructure construction activities
Real change in the construction IndexReal construction spending in Switzerland
Source: SBV Source: Credit Suisse AG, SBV
Mrd. Frankenin CHF billion
© Implenia | Corporate Center | 30.08.2012 | Page 6
Construction Market SwitzerlandFunds are available – 42% from public sector
Breakdown of turnover in building industryGovernment debt
Source: Reuters EcoWin, OECD, UBS Quelle: Schweizerischer Baumeisterverband (SBV)
Public Civilengineering
Public Structuralengineering
Private Civilengineering
Commercial construction
Residential construction
Year
Source: SBV
© Implenia | Corporate Center | 30.08.2012 | Page 7
Real Estate Market Switzerland
Swiss Net ImmigrationInterest rates
Source: Reuters EcoWin, UBS Source: Swiss Federal Office for Migration, Swiss Federal Statistical Office, Credit Suisse Economic Research
Fundamentals remain intact
Vacancy rate in urban centres < 0.6 %(whole of Switzerland < 1.5%)
© Implenia | Corporate Center | 30.08.2012 | Page 8
Prices compared to disposable incomeUBS Swiss Real Estate Bubble Index
Source: UBS Source: Wüest & Partner; BFS; UBS WMR
Boom – but not overheatedReal Estate Market Switzerland
80100120140160180200220240260280300
80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10
Eigentumswohnungen Einfamilienhäuser Verfügbares Einkommen
Index 1980 = 100
Disposable incomeOwner-occupied apartments Single-family houses
© Implenia | Corporate Center | 30.08.2012 | Page 9
Renovation – the Topic of the FutureSharp increase in renovation applications throughout Switzerland
Source: Baublatt, Credit Suisse Economic Research, Geostat
Applications for refurbishment projects: deviation in the volume of planning applications submitted inlast 6 months from 10-year average, by economic region
© Implenia | Corporate Center | 30.08.2012 | Page 10
Half-Year Report 2012Key figures
© Implenia | Corporate Center | 30.08.2012 | Page 11
in CHF millions June 2012 June 2011 +/- in %
Consolidated revenue 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%
Consolidated profit 13.1 4.2 211.1%
1.1% 0.4%
Key figures and Operating incomeExcellent proof of performance
© Implenia | Corporate Center | 30.08.2012 | Page 12
GC/Services – Revenue and EBITRecord level maintained
581555501513519
HY1 2012
HY1 2011
HY1 2010
HY1 2009
HY1 2008
Revenue
6.1
9.1
6.6
9.59.4
1.6%1.7%
1.2%
1.8%
1.3%
0
2
4
6
8
10
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
HY1 2009
HY1 2008
HY1 2011
HY1 2010
HY1 2012
EBIT
in CHF millions
© Implenia | Corporate Center | 30.08.2012 | Page 13
Secured revenue
Revenue development
GC/Services – Revenue and Orders at 30.06.2012Pipeline well filled
Business Park Terre Bonne, Eysin
2014
17,3%17,5%
2013
66,3%62,0%
2012
95,7%96,8%
prior yearactual year
(Public sector share: 16%)Development of order book
609 598 636 633581
20122011
1.188
555
2010
1.137
501
2009
1.111
513
2008
1.128
519
06.2012
1.617
06.2011
1.6031.783
06.201006.2009
1.473
06.2008
1.247
in CHF millions
© Implenia | Corporate Center | 30.08.2012 | Page 14
Construction started in August 2012 , construction time approx. 2 ½ years
JTI
Parktower
GC/Services – Major ProjectsSuccessfully renewed and better diversified regionally
Buildings successfully handed over on 30.6 and 31.7. full operations start mid-September
Europaallee Site C
Europaallee Site A
Integrated business model fully applied
Successful replacement of major projects coming to an end planned completion February 2013
© Implenia | Corporate Center | 30.08.2012 | Page 15
Real Estate (Project Development) – Portfolio and EBITStrong result – sustained success confirms strategy
229
170169188
253
HY1 2012
HY1 2010
HY1 2009
HY1 2008
1. HJ 2012
Real estate portfolio
0
2
4
6
8
10
12
HY1 2012
10,6
HY1 2011
8,9
HY1 2010
10,3
HY1 2009
4,2
HY1 2008
1,2
EBIT
in CHF millions
© Implenia | Corporate Center | 30.08.2012 | Page 16
Real Estate (Project Development) – Regional DistributionFrom "West" to "East"
Regionally balanced portfolio Focus on structurally strong areas
around Lake Geneva and in the Zurich economic area
Project development team strengthened Many projects at realisation stage in the
Zurich area Consistent investment behaviour
8%
60%
18%EAST
15%ZURICH
CENTRAL
WEST
13%
40%
9%EAST
38%ZURICH
CENTRAL
WEST
2009 2012
Sour
ce: W
üest
& Pa
rtner
, BfS
Growth in population (2001-2010)
Increased by:9% and moreDecrease in population
0-3%6-9% 3-6%
© Implenia | Corporate Center | 30.08.2012 | Page 17
Infrastructure – Revenue and EBITBack on Track – despite the cold February
511535505500 514
HY1 2011
HY1 2010
HY1 2009
HY1 2008
HY1 2012
Revenue
-6.7
-12.8
-6.7-7.4-6.0
-1.3%
-2.5%
-1.3%-1.5%
-1.2%
-15
-10
-5
0
-4.5%-4.0%-3.5%-3.0%-2.5%-2.0%-1.5%-1.0%-0.5%0.0%
HY1 2011
HY1 2010
HY1 2012
HY1 2009
HY1 2008
EBIT
in CHF millions
© Implenia | Corporate Center | 30.08.2012 | Page 18
Secured revenue
Infrastructure – Revenue and Orders at 30.06.2012Outstanding order intake creates confidence
Bridge raising, Brüttiseller Kreuz
2014
2,3%9,5%
2013
23,5%22,5%
2012
83,0%85,8%
prior yearactual year
Revenue development
614 619 666 636
514
20122011
1.147
511
2010
1.201
535
2009
1.123
505
2008
1.115
500
Development of order book
961790
951912
629
06.201206.201106.201006.200906.2008
(Public sector share: 74%)
in CHF millions
© Implenia | Corporate Center | 30.08.2012 | Page 19
Infrastructure – Takeover of LocherInfrastructure 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
Source: BfS
Public maintenanceWorkrenovationNew building
© Implenia | Corporate Center | 30.08.2012 | Page 20
Industrial Construction – Revenue and EBITBest performer: Tunnelling Switzerland
838671
85
165
HY1 2012
HY1 2011
HY1 2010
HY1 2009
HY1 2008
Revenue
10.39.410.2
13.7 12.8
7.8%
12.4%10.8%
14.3%16.1%
0
5
10
15
20
0%5%10%15%20%25%30%35%40%
HY1 2009
HY1 2008
HY1 2012
HY1 2011
HY1 2010
EBIT
in CHF millions
© Implenia | Corporate Center | 30.08.2012 | Page 21
Secured revenue
Industrial Construction – Revenue / Orders at 30.06.2012Declining market in Switzerland compensated by Norway
Gevingåsen Tunnel, Stjørdal
31,1%16,7%
2013
56,0%46,9%
2014
98,7%92,4%
2012
prior yearactual year
Revenue development (IFRS)
73 7280
179 165
20122011
263
83
2010
166
87
2009
143
71
2008
158
85
Development of order book
705615
806984
783
06.201106.2010 06.201206.200906.2008
(Public sector share: 88%)
in CHF millions
© Implenia | Corporate Center | 30.08.2012 | Page 22
Industrial Construction Tunnelling – Revenue and EBITShrinking volumes but outstanding operational performance
7883
71
83
70
HY1 2012
HY1 2011
HY1 2010
HY1 2009
HY1 2008
Revenue
11.511.513.2
17.115.2
21.9%
14.7%13.8%
18.6%20.5%
0
5
10
15
20
0%5%10%15%20%25%30%35%40%
HY1 2012
HY1 2009
HY1 2008
HY1 2011
HY1 2010
EBIT
in CHF millions
© Implenia | Corporate Center | 30.08.2012 | Page 23
Industrial Construction Tunnelling – Middle EastStart-up poses huge challenges
Muharraq project Start Sept 2011, completion May 2013Construction costs USD 11.5 million
Al Ain project Start Feb 2011, completion end of March 2012Construction costs USD 12.0 million
Legend:Muharraq project
Al Ain project
A: Hub Middle East, Bahrain
B: Abu Dhabi Branch Office
A
B
Muharraqproject
Al Ainproject
© Implenia | Corporate Center | 30.08.2012 | Page 24
Industrial Construction Prime Buildings – EBITBreak-even beyond reach – new positioning
-3,4
HY1 2012
-1,5
-3,5
-2,5
-1,5
-0,5
-2,1
-3,0
HY1 2009
HY1 2011
HY1 2008
-1,1
-3,0
HY1 2010
-2,0
-1,0
0,0
EBIT
Currently part of Tunnelling Division Balancing resources therefore difficult Limited operational synergies
Consultancy function only (except Torre in Turin)
No critical mass
New positioning being drawn up
in CHF millions
© Implenia | Corporate Center | 30.08.2012 | Page 25
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 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)
Drammen126.1 million NOK, rail infrastructure
FV 541 Bømlo120.5 million NOK, tunnel and road constr. (hybrid)
Performance of order book (in NOK million)
1.400
1.200
1.000
800
600
40006.
201204.
201202.
201212.
201110.
201108.
201106.
201103.
201112.
201009.
201006.
201003.
2010
Consolidation as of 18.07.2011
© Implenia | Corporate Center | 30.08.2012 | Page 26
Half-Year Report 2012IFRS reporting
© Implenia | Corporate Center | 30.08.2012 | Page 27
in CHF millions June 2012 June 2011 +/- in %
EBIT divisions 26.2 15.7 66.6%
Miscellaneous / Holding -2.0 -3.4
Operating income 24.2 12.3 96.5%
2.0% 1.1%
Financial result (net) -5.8 -5.5
Pofit before tax 18.5 6.8 170.5%
1.5% 0.6%
Tax -5.3 -2.6
Consolidated profit 13.1 4.2 211.1%
1.1% 0.4%
EBIT – Operating income – Consolidated profitFinancial performance clearly improved
© Implenia | Corporate Center | 30.08.2012 | Page 28
Miscellaneous / HoldingGroup costs under control
Impact on operating income
-1,949
Amortisation of intangible
assets
-321
IAS 19
1,700
Holding-overhead/ Misc.
costs
-3,328
HY1 2012 HY1 2011
Holding-overhead/ Misc.
costs
-2,716
Impact on operating income
-3,389
Amortisation of intangible
assets
-945
IAS 19
272
in CHF millions
© Implenia | Corporate Center | 30.08.2012 | Page 29
Record figuresIncome statement – Key figures
EBIT divisons Operating income
2012
54,6
3,0% 26,2
2011
93,5
15,7
77,8
3,7%
2010
77,0
19,1
57,9
3,2%
2009
80,0
16,1
63,9
3,5%
2008
70,0
15,4
2009
67,6
10,5
57,2
3,0%
59,0
23,7
35,3
58,3
19,4
2008 2012
24,2
2011
93,7
12,3
81,3
3,7%
2010
77,7
3,3%
HY1HY1
*
2,6%
* HY 1 Sale of Privera CHF 11.3 million
HY2 Margin HY2 Margin
in CHF millions
© Implenia | Corporate Center | 30.08.2012 | Page 30
Income statement – Key figures
EBITDA
2012
43,2
2011
140,5
29,4
111,1
5,6%
2010
112,6
36,6
76,0
4,7%
2009
104,6
29,1
75,5
4,6%
2008
98,5
43,7
54,8
4,2%
HY1
Trend continues
4,2
57,2
2,4%
2010
52,5
12,5
40,0
2,2%
2009
47,1
6,2
2,1%
2008
40,0
16,8
1,7%
2012
13,1
2011
61,4
HY1
Consolidated profit
*
*
23,2 40,9
* HY 1 Sale of Privera CHF 11.3 million
HY2 Margin HY2 Margin
in CHF millions
© Implenia | Corporate Center | 30.08.2012 | Page 31
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
Total current assets 1'480.3 1'300.9 13.8%
Total non-current assets 417.4 368.8 13.2%
Total ASSETS 1'897.7 1'669.7 13.7%
Balance sheet – AssetsCash is king
© Implenia | Corporate Center | 30.08.2012 | Page 32
in CHF millions June 2012 June 2011 +/- in %
Current financial liabilities 4.6 1.4
Creditors / work in progress 847.4 706.6
Other current liabilites 215.1 190.4
Total current liabilities 1'067.1 898.4 18.8%
Non-current financial liabilities 206.5 198.4
Deffered taxes, provisions 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%
Total LIABILITIES 1'897.7 1'669.7 13.7%
Balance sheet – LiabilitiesProject and income accruals greatly improved
© Implenia | Corporate Center | 30.08.2012 | Page 33
Group Financing – New Syndicated Loan 2012-2017Funding secured for 5 years
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
Cash facility via syndicated loan Guarantee facility via syndicated loan
in CHF millions
150150
250249250
050
100150200250300350400450500
from 08.1206.1206.1106.1006.0906.08
Credit lineUse
194160149171182
450450
350
250250
050
100150200250300350400450500
from 08.1206.1206.1106.1006.0906.08
Credit lineUse
new: 150
new: 350
© Implenia | Corporate Center | 30.08.2012 | Page 34
Cash Flow StatementsSeasonal cash outflow greatly reduced
8.327.4
13.1
Free-Cash-Flow
-29.4
Cash flow investments
-13.7
Other transactions
-9.8
Other changes in NWC
-49.0
Cash flow for real estate
transactions
-5.7
Change in advance
payments
Non-monetary transactions
Result
2012:
18.84.2 -28.0
-101.4
-7.3-9.8
-66.7
-12.6
2011:
in CHF millions
© Implenia | Corporate Center | 30.08.2012 | Page 35
Half-Year Report 2012Sustainability Report 2011
© Implenia | Corporate Center | 30.08.2012 | Page 36
SustainabilityImplenia – Sustainability Report 2011
"We want to createsustainable values."
© Implenia | Corporate Center | 30.08.2012 | Page 37
Economy
Society
Environment
Society
EconomyEnvironment
Why sustainability?Our understanding – the three circle model
© Implenia | Corporate Center | 30.08.2012 | Page 38
Sustainability and our sector
▪ Climate change▪ Scarcity of resources (energy,
water, etc.)▪ Loss of biodiversity▪ Environmental pollution
▪ 30% of greenhouse gas emissions
▪ 40% of energy consumption▪ 75 % of waste generated
Challenges Importance of the construction sector
Environment
© Implenia | Corporate Center | 30.08.2012 | Page 39
SocietySustainability and our sector
▪ Health/safety▪ Population growth▪ Demographic change▪ Mobile society▪ Urbanisation▪ Equal opportunities
▪ 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
Challenges Importance of the construction sector
© Implenia | Corporate Center | 30.08.2012 | Page 40
EconomySustainability and our sector
▪ Sustainable investors / shareholders
▪ Pressure of competition▪ Lack of specialist employees▪ Volatility of the markets▪ Globalisation
▪ CHF 55 billion turnover p.a. on average
▪ 1/3 public money▪ 300,000 jobs
Challenges Importance of the construction sector
© Implenia | Corporate Center | 30.08.2012 | Page 41
Responsibility of the sector and of ImpleniaSustainability
"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 42
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
The link between economic success
and maintaining an intact environment
and social responsibility is demonstrated in
Why sustainability?Because we take the needs of our stakeholders seriously
© Implenia | Corporate Center | 30.08.2012 | Page 43
Our five key itemsImplenia's Sustainability Report
- Client relationships
- Products and services
- Supplier relationships
- Energy and resource efficient
- Further training
- Talent management
- Work safety and health protection
- Code of Conduct
- Stakeholder dialogue
- Communication
- Support and sponsorship
Sustainable products and
services
Handling the environment
with care
Attractive working
environment
Social commitment
and compliance
- Sustainable improvement in results
Financial excellence
© Implenia | Corporate Center | 30.08.2012 | Page 44
SustainabilityFive Key items
© Implenia | Corporate Center | 30.08.2012 | Page 45
First key item (1/2)Sustainable products and services
"Make a contribution to core business"
Advise customers earlyand comprehensively
Individual customer activities in the divisions
Launch group-wide keyaccount management
Push ahead with initiationand realisation ofsustainable constructionprojects
Building Construction 4 pilot projects in planning Collaboration on Swiss
Sustainable ConstructionStandard, SIA Efficiency Path 2040 (2000-Watt Society)
GeNaB® consistently appliedto developments
Civil Engineering andInfrastructure Construction Collaboration on initial formu-
lation of «Sustainable Con-struction in Civil Engineering/Infrastructure Constructionstarted
Building Construction Work on one «Swiss Sustainable
Construction Standard» project Continuously check compliance
with sustainability criteria in ongoing projects
Keep developing and consistentlyapplying GeNaB®
Civil Engineering andInfrastructure Construction Work on concrete «Sustainable
Construction in Civil Engineering and Infrastructure» projects
Goal Status in 2011 Activities by 2012/2013
© Implenia | Corporate Center | 30.08.2012 | Page 46
First key item (2/2)Sustainable products and services
"Make a contribution to core business"
Define and implementcriteria for suppliers
No activities yet Define, implement and reviewcriteria for suppliers
Intensify networkingbetween divisions
Know-how-transfer andcooperation in early projectphases has been strengthenedand put into practice in variousprojects
Make «Sustainable Overall Construction» a reality basedon Implenia’s corecompetences
Consistent cooperationbetween divisions
Goal Status in 2011 Activities by 2012/2013
© Implenia | Corporate Center | 30.08.2012 | Page 47
Example 1Sustainable products and services
Beacon project in the city of Basel, at the cutting edge of environmental thinking that meets the “2000-Watt Society” criteria.
Highlight "schorenstadt" pilot project “Real Estate Award”Project development
© Implenia | Corporate Center | 30.08.2012 | Page 48
Second key itemAttractive working environment
"Ideal partner for our employees"
Recruit from within Succession planning launched
Successfully implement CAS Construction Cost Planning
Continue existing training anddevelopment offering
Use training anddevelopment to nurtureemployees
CAS Construction CostPlanning launched
Implement successionplanning/talentmanagement/Icademy
Reduce number ofoccupational accidentsand number of lost hoursthey cause
«Vital rules on the buildingsite» awareness campaigncarried out
Use training and controlmeasures to reduce slips, tripsand accidents involving toolsand equipment
Goal Status in 2011 Activities by 2012/2013
© Implenia | Corporate Center | 30.08.2012 | Page 49
Example 2Attractive working environment
Highlight Construction Cost Planning GU/TU
Development of the Certificate of Advanced Studies in cooperation with the Lucerne University.
© Implenia | Corporate Center | 30.08.2012 | Page 50
Third key itemHandling the environment with care
"Securing resources for the future"
Record, and analyze thematerial, energy andwaste flows that Implenia can influence, and takemeasures to reduce them
Data recording conceptmapped and implemented in SAP, staff trained in recordingconcept
Interpret initial data, setreduction targets andimplement reduction measuresfor 2013
Continue employeeawareness raisingcampaigns
Awareness campaigns carriedout on energy, water and fuel
Eco-Drive courses carried out for some machinery operatorsand office personnel
Carry out awarenesscampaigns to realise reductiontargets
Complete Eco-Drive coursesfor machinery operators andoffice personnel
Further develop energyand resource efficiency in production facilities
Invest in asphalt mixing plant in Valais to preserve resourcesthrough hot recycling
Use renewable energy forasphalt production
Goal Status in 2011 Activities by 2012/2013
© Implenia | Corporate Center | 30.08.2012 | Page 51
Example 3Handling 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.
© Implenia | Corporate Center | 30.08.2012 | Page 52
Fourth key pointSocial commitment and compliance
"Create trust"
Consolidate the Code ofConduct as part ofcorporate culture
Code of Conduct completed; initial training
Carry out consistent trainingvia e-learning platform, reviseCode of Conduct
Include all stakeholders in dialog
Further strengthening of dialogwith employees, customersand shareholders
Broaden dialog with society, thus making Implenia moretangible to the general public
Create transparency aboutImplenia’s sustainabilityactivities
Reporting concept developed, reporting started
Start to formulate secondsustainability report
Goal Status in 2011 Activities by 2012/2013
© Implenia | Corporate Center | 30.08.2012 | Page 53
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.
Highlight interaction with stakeholder groups
Example 4Social commitment and compliance
© Implenia | Corporate Center | 30.08.2012 | Page 54
Fifth key itemFinancial excellence
"Guarantee further development"
Create financial value («economic profit»)
Goal Foundations laid for
introduction of «Value-Oriented Management»
Introduce Value-Oriented Management
Status in 2011 Activities by 2012/2013
Economic Profit = Operating income after tax _ (Invested Capital x WACC)
Growth Cost efficiendy Capital efficiency
Value drivers
(NOPAT)
© Implenia | Corporate Center | 30.08.2012 | Page 55
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.
Highlight stamp of quality in the financial market
Financial excellenceExample 5
© Implenia | Corporate Center | 30.08.2012 | Page 56
SustainabilityHow to continue
© Implenia | Corporate Center | 30.08.2012 | Page 57
Implenia's Sustainability ReportOur current positioning ... where do we want to go?
Based on PwC
Focus on the reduction of risks
Observe the minimum Adjust to the demands
of the law, the market and society
Backwardness re innovations
Compliance
Minimise risks
Observe demands
Attract and retain talents
Stakeholder commitment for innovations
Sustainable processes and products
Strengthens reputation and increases value
Reduce costs Seek out competitive advantage
Proactive attitude
Integration in the corporate culture
Sustainability management
Key figures and continuous improvements
Always one step ahead
Agenda setting
Shape and transform
Sustainable work
Focus on cost reduction and increased productivity
Clean technology Ecological efficiency Corporate policy Management systems
Increase efficiency
today Future
Sustainable strategyValue conservation Generate added value
© Implenia | Corporate Center | 30.08.2012 | Page 58
Sustainability is our passion
"With the development of sustainable solutions Implenia creates added value for all its
stakeholders"
© Implenia | Corporate Center | 30.08.2012 | Page 59
Half-Year Report 2012Outlook
© Implenia | Corporate Center | 30.08.2012 | Page 60
Order book Juli 2012 Juli 2011Real Estate 1'649.4 1'620.6 Infrastructure 950.7 754.9 Industrial Construction 674.5 591.6 TOTAL order book 3'274.6 2'967.1
Confidence due to good order book
Secured revenue as of July 2012
Outlook
15.0%
46.9%
201420132012
94.0%
(PY: 92.7%)
(PY: 47.8%)
(PY: 14.1%)
Neugrüen, Mellingen
Development of order book
06.2012
3.283
06.2011
3.008
06.2010
3.540
06.2009
3.369
06.2008
2.659
(Public sector share: 51%)
in CHF millions
© Implenia | Corporate Center | 30.08.2012 | Page 61
Initiatives
Increased client and market-orientation
Growth initiatives
Risk management as a core competence
New Enterprise Risk Management (ERM) Improved risk and project management in GC SAP as standard tool Group wide
Current activities
OutlookConsistent implementation of our strategy
Employee orientation
Process optimisation
"Modernisation" of Building Construction and Infrastructure Expansion of resources in Norway (locally and from Switzerland) Health as a new focal topic
Optimised Group organisation Expansion of Account Management
Implenia Academy for Management Talent management and succession planning
Setup of central procurement with international competence Centralisation of Infrastructure logistics Apply "One Company" spirit
© Implenia | Corporate Center | 30.08.2012 | Page 63
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