Annual General Meeting - Skanska · Annual General Meeting Stockholm, April 13, 2018 April 13, 2018...
Transcript of Annual General Meeting - Skanska · Annual General Meeting Stockholm, April 13, 2018 April 13, 2018...
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Annual General MeetingStockholm, April 13, 2018
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Anders Danielsson
Presidentand CEO
We build for a better society.Watermark Seaport, 101 Seaport, 121 Seaport, Boston, USA
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NewGroup Leadership Team
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Anders DanielssonPresident and Chief Executive Officer
Magnus PerssonExecutive Vice President,Chief Financial Officer
Claes LarssonExecutive Vice President
Kirsi MettäläExecutive Vice President,Human Resources
Richard Kennedy Executive Vice President
Caroline Fellenius-OmnellExecutive Vice President,General Counsel
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SEK bn 2017 2016
Revenue 160.8 151.3Profit for the year 4.9 6.5
The GroupRevenue and profit
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Financial targets 2016–2020
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TargetOutcome2017
Project Development≥ 10% 14.5%Return on capital employed
Construction≥ 3.5% 0.8%Operating margin
Group can be negative 9.7Financial strength, SEK bn
Return on equity ≥ 18% 18.6%
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A strong balance sheetSEK M
0
5,000
10,000
15,000
20,000
25,000
2014 2015 2016 2017
Investment capacity Investments in Project Development
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Residential DevelopmentBoKlokProduction Plant GullringenSweden
Commercial Property DevelopmentFivePragueCzech Republic
Infrastructure DevelopmentLaGuardiaNew YorkUSA
Project DevelopmentConstruction
James A. Farley Post Office Building, New York, USAOur business
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Residential Development
BoKlok Production Plant, Gullringen, Sweden
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Kruunuvuorenranta, Helsinki, Finland
Residential Development
SEK bn 2017 2016
Revenue 13.2 13.3
Operating income 1.7 1.6
Operating margin, % 13.0 12.1Return on capitalemployed, % 15.4 17.1
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Nordics
Europe
BoKlok Flex StrandallénSödertälje, Sweden
Residential DevelopmentMarket outlook 2018
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Commercial Property Development
Five, Prague, Czech Republic
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Commercial Property DevelopmentCapital employed– distribution by market1
Nordics36%
Europe33%
USA31%
1 As of Dec 31, 2017
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BostonWashington DC
Seattle
Houston
WrocławWarszawa
Oslo
Malmö
Helsinki
Bucharest
Stockholm
Copenhagen
Prague
Poznań
KrakówKatowice
Gothenburg
BudapestOstrava
Łodz
Gdańsk
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Commercial Property DevelopmentSEK bn 2017 2016Investments 10.7 8.4Ongoing projectsNumber of projects 46 47Total investments 27.6 20.3
New leases, sq m (000) 477 379Estimated surplus value 7.9 7.2
Sundtkvartalet, Oslo, Norway
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The Monument BuildingLondon, UK
Commercial Property DevelopmentSEK bn 2017 2016
Revenue 11.4 10.2
Operating income 2.7 2.3of which gain on sale 3.51 3.1
Return on capital employed2, % 15.5 14.8
1 Inclusive joint ventures2 Adjusted
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121 Seaport, Boston, USA
Commercial Property DevelopmentMarket outlook 2018
Nordics
Europe
USA
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Infrastructure Development
LaGuardia, New York, USA
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I-4 Ultimate, Florida, USA
Infrastructure Development
Projects in the portfolio 5of which completed 2ongoing 3
SEK bn 2017 2016
Portfolio, net present value 3.0 4.3Unrealized development gain (estimated) 0.5 1.4
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Autostrada A1, Gdańsk, Poland
Infrastructure Development
SEK bn 2017 2016
Operating income 0.9 1.8of which gain on sale 1.0 1.7
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Elizabeth River Tunnels, Norfolk, USA
Infrastructure DevelopmentMarket outlook 2018
Focus on USA
Monitoring development in Europe
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James A. Farley Post Office Building, New York, USA
Construction
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SEK bn 2017 2016
Order bookings 151.8 170.2
Book-to-Build, % 101 123
Order backlog 188.4 196.3
Slussen, Stockholm, Sweden
Construction
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Regional Connector, Los Angeles, USA
Construction
SEK bn 2017 2016
Revenue 150.1 138.0
Operating income 1.2 3.5
Operating margin, % 0.8 2.6
Free working capital -21.8 -22.5
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− Implement a decentralization− Downsize unprofitable units− Implement a major restructuring in Poland− Exit from the US energy market− Focus on core business in the UK− Focus on infrastructure development in the US− Finally, continue to grow in the profitable residential and
commercial property development sectors
Strategic initiatives
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European Spallation Source (ESS)Lund, Sweden
ConstructionMarket outlook 2018
Nordics
Europe
USA
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We build for a better society.Highway 6 Taavetti-Lappeenranta, South Karelia, Finland
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