JANUARY-DECEMBER 2012 FINANCIAL STATEMENT RELEASE. FEBRUARY 6, 2013 Webcast Jukka Pahta, CFO

Transcription

1 JANUARY-DECEMBER 2012 FINANCIAL STATEMENT RELEASE FEBRUARY 6, 2013 Webcast Jukka Pahta, CFO

2 2012 RESULTS OVERVIEW OPERATING PROFIT UNSATISFACTORY MEUR 1-12/ /2011 Change-% Comparable order stock Net sales Operating profit (excl. restructuring costs) Restructuring costs n.a. Operating profit (incl. restructuring costs) n.a. Net result n.a. Actual order stock in 2011 EUR million Q4/2012 PRESENTATION 2

3 PÖYRY S EVOLUTION Three Elements Fuelling the Evolution 1 Fixing the Base: Healthy Foundation 2 The Pöyry Model 3 Evolving Business Concept: Drive for Growth and Profitability COPYRIGHT PÖYRY Q4/2012 PRESENTATION 3

4 ADDRESSING LOW-PERFORMING UNITS 1 Fixing the Base: Healthy Foundation Three Elements Fuelling the Evolution 2 The Pöyry Model 3 Evolving Business Concept: Drive for Growth and Profitability Management Consulting Industry Energy Urban Restructure North America and Norway Restructure Optimising and refocusing Engineering Centres in Poland, China, Thailand Restructure Germany (Hamburg), Sweden, Spain, Hungary, UAE Restructure - Refocus on Local business Exit New Zealand (Auckland) and Singapore office closures Enhance Focus Local Project Services to be moved to Urban business group Exit Canada (Vancouver) and Oman Exit Romania, Spain and France and parts of Latin America Total restructuring cost 7.2 MEUR included in Q4/2012 Profit improvement potential of MEUR by 2014 COPYRIGHT PÖYRY Q4/2012 PRESENTATION 4

5 STREAMLINING ORGANISATION 1 Fixing the Base: Healthy Foundation Three Elements Fuelling the Evolution 2 The Pöyry Model 3 Evolving Business Concept: Drive for Growth and Profitability 1. Business area / unit structure and organisation streamlined 2. Finance and IT outsourcing 3. Administrative processes re-shaped Headcount reduction >300 Support Functions restructuring cost of 4.5 MEUR included in Q4/2012 Cost reduction potential of MEUR by end of 2014 COPYRIGHT PÖYRY Q4/2012 PRESENTATION 5

6 CONSULTING AND ENGINEERING SERVICES FOR THE CLIENT S ENTIRE BUSINESS LIFE-CYCLE 1 2 Three Elements Fuelling the Evolution Fixing the Base: Healthy Foundation The Pöyry Model 3 Evolving Business Concept: Drive for Growth and Profitability Strategic Advisory Engineering Services Project Implementation Operations Support Management Consulting Technical Consulting Site Supervision Operational Improvement Operational Excellence Conceptual Design Project/Construction Management O&M Management Basic Engineering EPCM Outsourced Operations Detailed Engineering EPS/EPC COPYRIGHT PÖYRY Q4/2012 PRESENTATION 6

7 Broad DUAL APPROACH TO SERVING CLIENTS 1 Fixing the Base: Healthy Foundation Three Elements Fuelling the Evolution 2 The Pöyry Model 3 Evolving Business Concept: Drive for Growth and Profitability Sector focus Narrow Local Domestic client proximity Domestic business with generic service offering Growth in our key countries Leadership in global competences Growth in sectors with attractive opportunities Geographical focus Global competence driven business Clear client focus Mobilising the right talent Optimised use of resources Global COPYRIGHT PÖYRY Q4/2012 PRESENTATION 7

8 ORGANISATIONAL EVOLUTION Strategic Advisory Global Competence Lines Regional Business Lines Management Consulting Business Group Industry Business Group Energy Business Group Regional Operations (Urban Business Group renamed Regional Operations in Q1/2013) Central Europe Northern Europe Alpine Arc Local Project Services to be transferred from Industry business group into Regional Operations COPYRIGHT PÖYRY Q4/2012 PRESENTATION 8

9 STRATEGIC EVOLUTION DRIVING GROWTH AND PROFIT Targeted net sales in 2017: ~1000 MEUR Targeted Operating Profit Margin by 2017: 8-9% % % % % % COPYRIGHT PÖYRY Q4/2012 PRESENTATION 9

10 JANUARY DECEMBER 2012 FINANCIALS RETURN ON INVESTMENT, % 50% 40% 30% 20% 10% 0% -10% -5.0 % end of period Q4/2012 PRESENTATION 10

11 JANUARY DECEMBER 2012 FINANCIALS CASH FLOW FROM OPERATIONS AND AFTER CAPEX From operations Before financing (* end of period *) Cash flow before financing in 2011 includes the acquisition of the Vantaa Head Office building Q4/2012 PRESENTATION 11

12 JANUARY DECEMBER 2012 FINANCIALS NET DEBT, EQUITY & GEARING MEUR % (* end of period Gearing-% 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% -10% -20% -30% -40% -50% Equity Net debt Gearing-% * )The Vantaa Head Office building was included in the balance sheet in Q2/2011. Q4/2012 PRESENTATION 12

13 2012 RESULTS OVERVIEW EARNINGS PER SHARE, ROLLING 12 MONTHS 1,4 EUR 1,2 1 0,8 Board of Directors proposes no dividend to be paid on 2012 results. 0,6 0,4 0,2 0-0,2-0,4-0,6 Q4/2012 PRESENTATION 13

14 OUTLOOK FOR 2013 Net sales are expected to increase. Operating profit expected to increase. Q4/2012 PRESENTATION 14

15 THANK YOU! Q4/2012 PRESENTATION 15