Annual Shareholders Meeting. Stockholm, April 3, 2014

Transcription

1 Annual Shareholders Meeting Stockholm, April 3, 2014

2 Johan Karlström President and CEO

3 The Group revenue and profit SEK bn Revenue Profit for the year

4 Proposed dividend SEK/share Dividend of which regular dividend

5 Dividend SEK Ordinarie Regular utdelning, dividend, SEK kr Extra utdelning, dividend, SEK kr Direktavkastning, Direct yield, % % 10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0%

6 Equity/to asset ratio 30% 25% 21.4% 24.1% 26.8% 23.7% 21.9% 24.4% 20% 15% 10% 5% 0%

7 Development in Skanska s home markets Year-on-year change, real 15% 10% Forecast 5% 0% GDP -5% -10% -15%

8 Development in Skanska s home markets Year-on-year change, real 15% 10% 5% 0% -5% -10% -15% GDP Forecast Construction investments

9 Construction SEK bn Revenue Operating income Operating margin, % Free working capital WTC Transportation Hub Oculus, New York, U.S.

10 Construction Continued strong results in Sweden, Poland, UK and U.S. Improved results in Norway and Finland Profitability issues and adjustment to weak market in Czech Republic, Slovakia and Latin America

11 Malmö Live Concert, Congress, Hotel, Office, Residential Space: ca 80,000 m 2 Contract value: ca 2.1 SEK bn Skanska s investment: ca 1.6 SEK bn Completion: 2015/16

12 11th Street Bridges Washington D.C. Contract value: SEK 1.7 bn Construction period: /2015

13 Borough Viaduct London Contract value: SEK 0.9 bn Construction period:

14 Construction SEK bn Order bookings Book-to-Build, % Order backlog Streketunnelen, Stranda, Norway

15 Construction Market outlook General Stable, large local variations U.S. Positive development Continued tough competition Nordics Sweden: stable Norway: strong civil, uncertain residential Finland: relatively weak Other markets UK: some improvement, civil Poland: stable, EU-funded infrastructure Czech Republic/Slovakia, Latin America: remain weak Florida Polytechnic University, U.S.

16 Residential Development SEK bn Revenue Operating income Operating margin, % 6.2 neg Return on capital employed, % Järvastaden, Sweden

17 Residential Development 2013 summary General Operating income positive in all markets Nordics Positive effects of restructuring program Sweden: strong market Norway: weakening market Finland: weak market Other markets Warsaw: stable market Prague: stabilizing market Park Ostrobramska, Warsaw

18 Vänortsgatan Mölndal, Gothenburg Three phases Number of homes: 174 (all sold) Occupancy: 2014 Total investment: ca SEK 380 M

19 Botanica Residential Quarter Prague 1,037 homes in six phases, Total investment: ca SEK 900 M Phase 5 Number of homes: 86 (all sold/reserved) Occupancy: 2014

20 BoKlok Flex Strandallén, Södertälje Number of homes: 25 (24 sold) Occupancy: 2014 Investment: SEK 38.5 M

21 Residential Development Targets Targets 10% operating margin 10% return on capital employed Lomma hamn, Sweden

22 Commercial Property Development SEK bn Revenue Operating income of which gain on sale Return on capital employed, % Klipporna, Malmö, Sweden

23 Commercial Property Development SEK bn Försäljningar Divestments Investeringar Investments Försäljningsvinster Gain on sale Skanska-house, Ruskeasuo, Helsinki

24 Commercial Property Development SEK bn Ongoing projects Number of projects Total investment (SEK bn) New leases, m 2 (000) Occupancy rate, % Completion rate, % Post Oak Boulevard, Houston, U.S.

25 Entré Lindhagen Kungsholmen, Stockholm Total leasable space: 73,000 m 2 Completion: 2014 Investment: SEK 1.4 bn

26 Atrium 1 Warsaw Leasable space: 18,000 m 2 Completion: 2014 Sold: 2013/2014

27 Seaport Square Boston, U.S. Three projects, total space:110,000 m 2 Construction start: 2014 Investment (total): ca SEK 4 bn Watermark Seaport 101 Seaport 121 Seaport

28 Commercial Property Development Capital employed distribution by market* U.S. 19% Nordics 48% Oslo Stockholm Helsingfors Göteborg Seattle Köpenhamn Malmö Washington DC Boston Poznań Wrocław Prag Ostrava Warszawa Łodz Katowice Kraków Other Europe 33% Houston Budapest Bukarest * per dec

29 Commercial Property Development Market outlook Leasing market: Relatively low and stable vacancy rates Investment market: Good demand for well located, green real estate with stable tenants Green Day, Wrocław, Poland

30 Infrastructure Development No. of projects in the porfolio 11 of which completed 6 ongoing 5 Investment, SEK bn 3.4 of which invested 2.0 Elizabeth River Tunnels, Virginia, U.S.

31 Infrastructure Development SEK bn Operating income of which gain on sale Portfolio, present value Unrealized development gain (estimated) St Bartholomew s Hospital, London

32 New Karolinska Solna Contract value SEK 14.5 bn Investment SEK 0.6 bn (Skanska s share) Completion 2016/2017

33 Elizabeth River Tunnels Virginia, U.S. Contract value: Investment: Skanska s share ca SEK 4.4 bn ca SEK 0.9 bn Construction period:

34 M25 ring road London A1 highway Poland Skanska s investment ca SEK 1 bn

35 Infrastructure Development Market outlook U.S. positive outlook two major projects for tender 1st half of 2014 Europe limited market some project opportunities Xxxxx Xxxxxx

36 Qualitative targets the five zeros vision accidents ethical breaches environmental incidents defects loss-making projects

37 Financial Times Boldness in Business Award

38 Social responsibility Vivalla project, Örebro Vocational training Training on site Entry to worklife

39 Social responsibility National Grids, London Vocational training Training on site Potential employment

40 Medarbetare Employees

41 Medarbetare It starts with Me Personal responsibility Respect for others

42 Outlook 2014 Good starting point in terms of order backlog and project portfolio Relatively good and stable market outlook Strong financial position

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