ÅF Group Viktor Svensson, IR November 2009
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Transcript of ÅF Group Viktor Svensson, IR November 2009
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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)
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ÅFs ’top clients’
Alpiq Banverket (Swedish National Rail Administration) Ericsson Fortum FMV (Swedish Defence Material Administration) SL (Stockholms Regional Transport Authority) Vattenfall Westinghouse
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Development, 2005-2009(Rolling 12 months)
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010002000300040005000
2005 2006 2007 2008 2009
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100150200250300350400450500
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%
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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
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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
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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
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The ÅF share vs Stockholm-index
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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
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Q&A – session