NCC Group Presentation
111
Group presentation 2014 June 9, 2014 NCC AB 1
description
Transcript of NCC Group Presentation
Group presentation2014
June 9, 2014 NCC AB 1
June 9, 2014 NCC AB 2
> NCC in brief
> Strategic focus
> Sustainability
> Sustainable concepts and offerings
> Market and competitors
> Financial key figures
> Concepts
> Reference projects
Click icon to add pictureIndustrial
Construction and civil engineering
Development
NCC Roads NCC Construction unitsNCC Housing and
NCC Property DevelopmentJune 9, 2014 NCC AB 3
One NCC – three businesses
June 9, 2014 NCC AB 4
Sales SEK 58 billionEmployee
s18,400
June 9, 2014 NCC AB 5
NCC’s markets
Share of net sales
Finland
<1%
<1% Estonia
Latvia
St. Petersburg
14%54%
Sweden
17%Norway
10%Denmark
4% Germany
1%
Our vision
June 9, 2014 NCC AB 6
To renew our industry and providesuperior sustainable solutions
June 9, 2014 NCC AB 7
Our values
Honesty Respect Trust Pioneering spirit
June 9, 2014 NCC AB 8
Pioneering spirit
We take initiative, work proactively and with energy
We havethe courage to try new ideas and working methods
We drive development together with our stakeholders
June 9, 2014 NCC AB 9
Profitable growthStrategy for a stronger Market Position
June 9, 2014 NCC AB 10
Strategy 2012–2015
Profitable growth
Customer focusMarketleader
Costs One NCC Housing Sustainability
Construction and civil engineering Development
≥ double GDP growth rate≥ double GDP growth rate ≥ 7,000 housing units
Industrial
Development
June 9, 2014 NCC AB 11
NCC’s business model
Customer
Construction and civil engineeringIndustrial
NCC Group
Dividend to shareholders
Operating margin and return
Cash flow
Value chainIndustrial
June 9, 2014 NCC AB 12
AsphaltStone materials Paving Road services
June 9, 2014 NCC AB 13
Value chainDevelopment
Design andarchitecture
Concept development
Land acquisition
Conceptand analysis Leasing Project
executionSales
June 9, 2014 NCC AB 14
SustainabilityA key issue in the Group strategy
June 9, 2014 NCC AB 15
Sustainability
Business ethics and Code of Conduct
Economic
Social Environment
June 9, 2014 NCC AB 16
Honesty
Values-driven work methods
Respect TrustPioneering
spirit
Business principles
Environmental responsibility
Human rights and working conditions
Compliance and follow-up
June 9, 2014 NCC AB 17
Business ethics and Code of Conduct
June 9, 2014 NCC AB 18
The NCC Compass– taking responsibility, leading the way
• Provides guidance and directions in everyday life
• Identifies and manages risks
• Easier to do the right thing
• Ensures that what we say is what we do
Consideration for the environment
June 9, 2014 NCC AB 19
• Climate and energy
• Chemicals and sustainable material choices
• Resource efficiency, recycling and waste minimization
• Environmental classification system for buildings and civil engineering structures
Social responsibility
June 9, 2014 NCC AB 20
• Sustainable economic and social solutions
• Cooperation for healthy and safe residential areas
• Support for training initiatives and social projects
• Dialog, co-determination and local commitment
June 9, 2014 NCC AB 21
Sustainable purchasing
• Sustainable choices of materials
• Human rights
• Working and employment conditions
• Anticorruption
June 9, 2014 NCC AB 22
Safety cultureAttitudes and
behaviorsPrioritized high-
risk areas
Safety at the worksite – one of the principal issues
June 9, 2014 NCC AB 23
Sustainable concepts and offerings
June 9, 2014 NCC AB 24
Proactive business offerings
The best sustainable solutions that support a sustainable lifestyle and sustainable development
June 9, 2014 NCC AB 25
Sustainable renovation
June 9, 2014 NCC AB 26
Fittja People’s Palace
• The concept Fittja People’s Palace
• Economical, social and environmental dimensions
June 9, 2014 NCC AB 27
Energy-efficient buildings
Low-energy housingPassive buildingsPlus-energy buildings
June 9, 2014 NCC AB 28
Gröna Lund – St. Petersburg
Low-energy housing
June 9, 2014 NCC AB 29
Østensjøveien – Oslo
Passive building
June 9, 2014 NCC AB 30
Harplinge – Halmstad
Plus-energy building
June 9, 2014 NCC AB 31
Urban ecosystem services
Cultivation balconies
Green roofs
June 9, 2014 NCC AB 32
Augustenborg Greenhouse – Malmö
Cultivation balconies
June 9, 2014 NCC AB 33
Emporia shopping mall – Malmö
Green roof
June 9, 2014 NCC AB 34
Environmental certifications
Environmentally certified projects in NCC
June 9, 2014 NCC AB 35
Number of projects, completed and ongoing
0
20
40
60
80
100
120
140
160
2010 2011 2012 2013
June 9, 2014 NCC AB 36
Säby – Stockholm
June 9, 2014 NCC AB 37
Beckomberga – Stockholm
June 9, 2014 NCC AB 38
Lonaparken – Bergen
June 9, 2014 NCC AB 39
Ytterby – Kungälv
June 9, 2014 NCC AB 40
Koggen – Malmö
Certified to Excellent level
June 9, 2014 NCC AB 41
Gladsaxe Company House – Copenhagen
Aiming for the highest level, Gold
NCC AB 42
Aitio Business Park – Helsinki
June 9, 2014
June 9, 2014 NCC AB 43
Rotebrobron – Sollentuna
Sweden’s first environmentally certified infrastructure project
June 9, 2014 NCC AB 44
Green construction
• Green tenders
• Green construction sites
NCC GREEN FUELS™
NCC GREEN ASPHALT®
NCC GREEN ROAD®
NCC VIACO™
NCC SPUMA™
June 9, 2014 NCC AB 45
NCC Green Concept
June 9, 2014 NCC AB 46
NCC Green Fuels™
Pipe renovation – “No dig”
NCC AB 47June 9, 2014
June 9, 2014 NCC AB 48
Market and competitorsNCC has a strong position
June 9, 2014 NCC AB 49
The Nordic countries' largest contractors 2013
Sales SEK M Company Country
1 136,345 Skanska Sweden
2 57,823 NCC Sweden
3 43,095 Peab Sweden
4 23,223 Veidekke Norway
5 19,645 Lemminkäinen Finland
6 16,464 YIT Finland
7 12,603 JM Sweden
8 10,797 AF-Gruppen Norway
9 8,742 MT Höjgaard Denmark
10 7,180 Svevia Sweden
June 9, 2014 NCC AB 50
Fragmented construction marketin the Nordic RegionMarket shares, sales 2013
Source: Euroconstruct
Others, 72%
Skanska, 6%
NCC, 7%
Veidekke, 3%
Peab, 5%
Lemminkäinen, 2%YIT, 2%MT Højgaard, 1%JM, 1%
AF Gruppen, 1%
TotalSEK 882 billion
Market presenceIndustrial
June 9, 2014 NCC AB 51
Aggregates
Asphalt and paving
Road services
Market presenceConstruction and civil engineering
June 9, 2014 NCC AB 52
Housing
Buildings
Civil engineering
Market presenceDevelopment
June 9, 2014 NCC AB 53
Housing
Commercial properties
June 9, 2014 NCC AB 54
Financial key figures
Operating sectors2013
NCC AB 55June 9, 2014
Construction and civil engineering
Industrial Development
19%
60%
21% 15%
36%
49%
23%
71%
6%
Total
SEK 57,823 M
Sales Operating profit Employees
Total SEK 2,679 M
Average number of employees
18,360
NCC by geographic markets2013
June 9, 2014 NCC AB 56
Sales
Operating profit
Employees
10,172198
2,418
2,508229686
5,671239
2,114
30,5471,6489,988
8,181267
2,786
633108356
111-1112
June 9, 2014 NCC AB 57
Profit over the past five years
Profit after financial items
SEK M
2009 2010 2011 2012 2013 0
400
800
1 200
1 600
2 000
2 400
2 800
June 9, 2014 NCC AB 58
Quarterly profit/loss
2009 2010 2011
Profit after financial items
SEK M
Q1 Q2 Q3 Q4- 400
- 200
0
200
400
600
800
1 000
1 200
1 400
1 600
2012 2013
Key data
June 9, 2014 NCC AB 59
SEK M 2013 2012
Net sales 57.823 57,227
Operating profit 2,679 2,519
Profit after financial items, EBT 2,400 2,277
Cash flow before financing 1,661 -932
Return on shareholders’ equity, % 26 28
Net debt 5,656 6,467
Debt/equity ratio, multiple 0.7 0.8
Capital employed 18,345 18,241
Orders received 56,979 55,759
Order backlog 47,638 45,833
Dividend, SEK 12.00 10.00
Average number of employees 18,360 18,175
Financial objectives
June 9, 2014 NCC AB 60
20%Return on equity after tax 26%
Net debt not higher than
1.5 times share-holders’ equity
Indebtedness 0.7 times
Target Outcome 2013
Ownership structure December 31, 2013
June 9, 2014 NCC AB 61
Owner Holding, % Votes, %
Nordstjernan AB 21.6 65.0
SEB fonder 6.2 1.9
Swedbank Robur Funds 3.9 2.2
AMF Insurance & Funds 2.8 0.8
Lannebo Funds 2.2 0.7
Norwegian Bank Investment Management 2.2 0.7
Second Swedish national Pension Fund 2.1 0.6
SHB Funds 1.8 0.6
Fourth Swedish National Pension Fund 1.3 0.4
AFA Insurance 1.3 0.4
Total 10 largest 45.4 73.3
Other shareholders in Sweden 35.3 20.1
Other foreign owners 19.3 6.6
Total 100.0 100.0
Source: SIS Ägarservice and Euroclear Sweden AB
June 9, 2014 NCC AB 62
Industrial
Sweden, Denmark, Finland, Norway, St. Petersburg
Production of stone materials, asphalt, paving and road services
Share of NCC in total
19% 15% 18% 23%
Net sales
Operatingprofit
Capital employed
Average number of employees
Geographic marketsIndustrial, sales 2013
June 9, 2014 NCC AB 63
Sweden
50%
Norway19%
Denmark18%
Finland11%
St. Petersburg 2%
June 9, 2014 NCC AB 64
Product mixIndustrial, sales 2013
Asphalt and Paving63%
Aggregates17%
Road services 20%
June 9, 2014 NCC AB 65
Customer mixIndustrial, sales 2013
Private customers47%
Government27%
Municipalities/County councils19%
Internally within NCC7%
June 9, 2014 NCC AB 66
Construction and civil engineering
Net sales Operating profit
Capitalemployed
Average number of employees
Housing, offices, other buildings, industrial premises, roads, civil engineering and other types of infrastructure. Share of NCC in total
60% 36% 13% 71%
June 9, 2014 NCC AB 67
Geographic markets Construction and civil engineering industrial, sales 2013
* Incl. Estonia, Latvia and St. Petersburg
Sweden
55%
Norway19%
Denmark9%
Finland*17%
June 9, 2014 NCC AB 68
Product mix Construction and civil engineering industrial, sales 2013
Offices14%
Shopping centers
5%
Other21% Housing
23%
Infrastructure15%
Land improvements
12%
Industrial and process facilities
10%
June 9, 2014 NCC AB 69
Customer mixConstruction and civil engineering industrial, sales 2013
Private customers
38%
Municipal housing companies8%
Internal within NCC17%
Municipalities/County councils 23%
State 14%
June 9, 2014 NCC AB 70
Development
21% 49% 69% 6%
Development operations, which encompasses housing and commercial property. Share of NCC in total
Net sales
Operatingprofit
Capital employed
Average number of employees
Geographic marketsShare of housing units in production, 2013
June 9, 2014 NCC AB 71
Sweden
23%
Norway 3%Denmark 5%
Finland20%
St. Petersburg.25%
Germany22%
Estonia and Latvia 2%
June 9, 2014 NCC AB 72
Product mixDevelopment of commercial properties, sales 2012
Office 59%
Other13%
Retail28%
Logistics0%
June 9, 2014 NCC AB 73
Concepts
June 9, 2014 NCC AB 74
NCC Montagebro
June 9, 2014 NCC AB 75
Excavation-free pipe renovation
June 9, 2014 NCC AB 76
Land remediation
June 9, 2014 NCC AB 77
NCC Green Asphalt®
June 9, 2014 NCC AB 78
NCC Green Road®
June 9, 2014 NCC AB 79
NCC Repasfalt
June 9, 2014 NCC AB 80
NCC Spuma
June 9, 2014 NCC AB 81
NCC Snow-melting
June 9, 2014 NCC AB 82
NCC Recycling
June 9, 2014 NCC AB 83
Future Office by NCC®
June 9, 2014 NCC AB 84
Warehouse and logistics
June 9, 2014 NCC AB 85
Retail premises
Sports arenas
June 9, 2014 NCC AB 86
June 9, 2014 NCC AB 87
NCC Folkboende
June 9, 2014 NCC AB 88
P303 Construction system
June 9, 2014 NCC AB 89
Addera bathroom renovations
Click icon to add picture
June 9, 2014 NCC AB 90
Reference projects
Roads, bridges and other civil engineeringNCC aims to be the customer’s first choice
June 9, 2014 NCC AB 91
June 9, 2014 NCC AB 92
National Highway 50 – Sweden
June 9, 2014 NCC AB 93
Citybanan - Stockholm, Sweden
Offices and other buildings
NCC aims to be the customer’s first choice
June 9, 2014 NCC AB 94
June 9, 2014 NCC AB 95
Clarion Hotel – Arlanda, Stockholm, Sweden
June 9, 2014 NCC AB 96
Triangeln, Malmö, Sweden
June 9, 2014 NCC AB 97
Torsplan – Stockholm, Sweden
June 9, 2014 NCC AB 98
Teglholmen Company House– Copenhagen, Denmark
June 9, 2014 NCC AB 99
Alberga Business Park – Espoo, Finland
June 9, 2014 NCC AB 100
Kuninkoja Retail Park – Turku, Finland
June 9, 2014 NCC AB 101
Stavanger Business park – Stavanger, Norway
June 9, 2014 NCC AB 102
Lysaker Polaris – Lysaker, Norway
Housing units
NCC aims to be the customer’s first choice
June 9, 2014 NCC AB 103
June 9, 2014 NCC AB 104
Swedish Krona – St. Petersburg, Russia
June 9, 2014 NCC AB 105
Gröna Lund – St. Petersburg, Russia
June 9, 2014 NCC AB 106
Kröyers Plads - Copenhagen, Denmark
June 9, 2014 NCC AB 107
Isbjerget – Aarhus, Denmark
June 9, 2014 NCC AB 108
Husarhagen – Stockholm, Sweden
June 9, 2014 NCC AB 109
Langener Terassen - Langen, Germany
June 9, 2014 NCC AB 110
Malmi - Helsinki, Finland
