Bilfinger : Factbook (Reporting Factbook) (2024)

Market Closed - Xetra Other stock markets 16:35:01 14/06/2024 BST			5-day change	1st Jan Change
47.7 ^EUR	-3.83%		-7.20%	+36.99%

06-13	BILFINGER : Deutsche Bank reiterates its Buy rating	ZD
06-12	Dpa-AFX Overview: COMPANIES from 12.06.2024 15:15	DP

May 14, 2024

FACTBOOK

05/2024

May 2024

Bilfinger SE Investor Relations Factbook

Page 1

Contents / Pages

1. COMPANY PROFILE		5. SUSTAINABILITY

Bilfinger SE - leading in Industrial Services	3	Bilfinger Materiality Matrix .….................…….…………..	25
Business offering …………...….……………………………………	4	Bilfinger Sustainability Targets ……..…….……	25
Segments and Revenue split .………….........……………….	5	Bilfinger commits to SBTi …………………………………………	26
Executive Board ……………………………	6	ESG Performance KPIs ……………………….……………………	27
Group Executive Management ………………………………..	6
Supervisory Board ..…….……………....………	7
Corporate History..………………………………	8

2. MARKETS

Addressable market ..…...…………	10
Short and long term challenges ……………………………….	10
Horizontals ……...…………....................…….………………….	11

3. KEY FIGURES

Overview Group ..…………………..……………………………….	12
Profit and Loss Statement ……………….….…………………..	13
Cash Flow Statement ..…………….………………………………	14
ROCE ………………..…….……..…………….…………………………	15
Net liquidity positions ……………………………………………..	15
Gearing ratios…………………………………………………………..	15
10-Year-Overview Balance Sheet …………………………….	16
10-Year-Overview Business Development …	17
4. SEGMENTS

Engineering & Maintenance Europe ………………………..	18
Engineering & Maintenance International ……	20
Technologies ……………………………………	22
Reconciliation Group ……………………………	24

6. BILFINGER SHARE

Master Data ………………………………...……	28
Relative Performance of our Shares ………….….…………	28
10-Year-Overview Key Figures ………	29
Shareholder Structure …………………………………………….	30
Development of Dividend ……………………………………….	31
Development of Market Capitalization …........…………	31
Analysts' Coverage ……………..………….……………………….	32
Analysts' Recommendation Development …….…………	33
7. BILFINGER RATING

Bilfinger Rating….……………………………………	34
Bilfinger ESG-Ratings………………………………………………..	34

8. IR EVENTS AND CONTACT

IR Events 2024 ……………………………………………………….. 35

Contact Details ………………………………………………………. 35

May 2024

Bilfinger SE Investor Relations Factbook

Page 2

1. Company Profile

BILFINGER SE

- LEADING IN INDUSTRIAL SERVICES -

Bilfinger is an international industrial services provider. The aim of the Group's activities is to increase the efficiency and sustainability of customers in the process industry and to establish itself as the number one partner in the market for this purpose. Bilfinger's comprehensive portfolio covers the entire value chain from consulting, engineering, manufacturing, assembly, maintenance and plant expansion to turnarounds and digital applications.

The company delivers its services in two service lines: Engineering & Maintenance and Technologies. Bilfinger is primarily active in Europe, North America and the Middle East. Process industry customers come from sectors that include energy, chemicals & petrochemicals, pharma & biopharma and oil & gas. With its ~30,000 employees, Bilfinger upholds the highest standards of safety and quality and generated revenue of €4.5 billion in financial year 2023. To achieve its goals, Bilfinger has identified two strategic thrusts: repositioning itself as a leader in increasing efficiency and sustainability, and driving operational excellence to improve the organizational performance.

Bilfinger key data

in € million	FY 2023
Orders received	4,735

Order backlog	3,385

Revenue	4,486
EBITDA	289
EBITDA margin	6.5%
EBITA	191
EBITA margin	4.3%
Special items	-1
Free cash flow	122
Net profit	181
Net profit adjusted	117
Earnings per share (in €)	4.84
Earnings per share adjusted (in €)	3.12
Employees	28,650

May 2024

Bilfinger SE Investor Relations Factbook

Page 3

1. Company Profile

Business offering

		Digitalization
Consultancy	Engineering	New builds &	Maintenance & Turnaround
Modifications

Regional footprint - FY 2023

4%	24%	Germany
12%	3%	Rest of Europe

€4.5bn	America
			Africa
	57%		Asia

Market split - FY 2023

Other	Energy

25%	20%

15%	30%
Oil & Gas
Chemical &
10%
	Petrochemicals
Pharma &
Biopharma

Key characteristics

About 30,000 employees
In 27 countries
>90% of our customers purchase our services more than once
>140 years of engineering expertise
Headquarter in Mannheim and listed in Germany

Contract split - FY 2023

Projects

37%

63%Frame and service contracts

May 2024

Bilfinger SE Investor Relations Factbook

Page 4

1. Company Profile

THREE SEGMENTS

Revenue split by segment - FY 2023

Technologies

17%

E&M

International 16%

68%

E&M Europe

Revenue	EBITA \| EBITA margin
by segment - FY 2023	by segment - FY 2023

€2,979m
	€682m	€737m

E&M	E&M	Technologies
Europe	Intern.

€161m

5.4%

E&M

Europe

			€33m
	€3m	4.5%

	0.4%


	E&M Technologies
Intern.

May 2024

Bilfinger SE Investor Relations Factbook

Page 5

1. Company Profile

EXECUTIVE BOARD

Dr. Thomas Schulz	Group CEO
Born 1965, in federal state Saarland, Germany
2022		Bilfinger SE, Germany, Chief Executive Officer

2013 - 2022		FLSmidth A/S, Denmark, Group Chief Executive Officer
2001 - 2013		Sandvik AB, Sweden, most recently President Sandvik Construction
1998 - 2001		Svedala Industri AB, Sweden Business Area Manager

Engineering studies and doctorate in mining at RWTH Aachen University, Germany

Degrees: Dipl.-Ing.,Dr.-Ing.

Matti Jäkel		Group CFO
Born 1961, in Düsseldorf, Germany
2022		Bilfinger SE, Germany, Chief Finance Officer

2020- 2022		Division Other Operations, Germany, Executive President
2017 - 2019		Region MMO Continental Europe, Germany, Finance Director
2014 - 2016		Division Industrial Maintenance, Germany, Finance Director
2010 - 2013		Bilfinger Industrial Services GmbH, Germany, CFO
2007 - 2010		Bilfinger Berger Igenieurbau GmbH, Germany, CFO
2006 - 2007		Bilfinger Berger Hochbau GmbH, Germany, CFO
2000 - 2006		FRU-CON Construction CORP., USA, CFO
		Baulderstone Hornibrook PTY. LTD. And BHBB M5 East Joint
1997 - 2000		Venture, Australia, Finance Director Civil Engineering and Finance
		Diretor
Since 1989		Bilfinger+Berger Bauaktiengesellschaft, Germany, various technical and
	commercial positions

Studied Civil Engineering at TU München and Business Administration at Henley

Management College / Brunel University

GROUP EXECUTIVE MANAGEMENT

CEO

CFO

E&M

Techno-

Human

Procure-

Products &

Europe

International

logies

Resources

ment

Innovation

Thomas	Matti Jäkel	Jürgen	Christian	Thorsten	Nicole	Christoph	Gerald
Schulz		Liedl	Rugland	Hoppe	Herrfurth	Bäumer	Pilotto

May 2024

Bilfinger SE Investor Relations Factbook

Page 6

1. Company Profile

SUPERVISORY BOARD

Dr. Eckhard Cordes (Chairman)

Partner at Cevian Capital, Pfäffikon, Switzerland Partner and Managing Director with EMERAM Capital Partners GmbH, Munich

Stephan Brückner, Deputy Chairman*

Employee of Bilfinger Engineering & Maintenance GmbH, Heinsberg

Agnieszka Othman*

Employee of Multiserwis Sp. Z o.o., Krapkowice, Poland

Vanessa Barth*

Section Head, Target Group Work and Equality, IG Metall, Frankfurt am Main

Werner Brandstetter*

Employee of Bilfinger Industrial Services GmbH, Linz, Austria

Dr. Roland Busch

Chairman of the Supervisory Board of Delvag Versicherungs AG, Cologne

Member of various Supervisory Boards and Boards

Rainer Knerler*

Executive Employee of IG Bauen-Agrar-Umwelt and consultant, Berlin

Frank Lutz

Chairman of the Executive Board at CRX Markets AG, Munich

Dr. Silke Maurer

Member of the Executive Board at MTU Aero Engines AG, Munich

Robert Schuchna

Partner at Cevian Capital Ltd, Pfäffikon, Switzerland

Jörg Sommer*

Employee of Bilfinger arnholdt GmbH, Gelsenkirchen

Dr. Bettina Volkens

Member of various supervisory boards and independent consultant

Presiding Committee

Dr. Eckhard Cordes

Stephan Brückner

Rainer Knerler

Dr. Bettina Volkens

Audit Committee

Frank Lutz

Vanessa Barth

Dr. Roland Busch

Jörg Sommer

Strategy Committee

Dr. Eckhard Cordes

Stephan Brückner

Latest news about Bilfinger SE

BILFINGER : Deutsche Bank reiterates its Buy rating	06-13	ZD
Dpa-AFX Overview: COMPANIES from 12.06.2024 15:15	06-12	DP
BILFINGER : UBS reiterates its Buy rating	06-12	ZD
BILFINGER : An investor day to present the progress on strategy	06-12
Unpopular construction strike ends with wage agreement	05-29	DP
Collective agreement in the construction industry - agreement over three years	05-29	DP
Collective agreement in the construction industry	05-29	DP
More orders for the construction industry in the first quarter	05-24	DP
Q1 2024 : Some misses, some beats, a few surprises and broadly lofty valuations	05-22
UBS raises target for Bilfinger to 59 euros - 'Buy'	05-21	DP
BILFINGER : Gets a Buy rating from UBS	05-21	ZD
BILFINGER : Deutsche Bank reaffirms its Buy rating	05-16	ZD
BILFINGER : Q1 24: a promising year ahead	05-15
BILFINGER : UBS remains its Buy rating	05-15	ZD
Transcript : Bilfinger SE, Q1 2024 Earnings Call, May 15, 2024	05-15
Bilfinger SE Reports Earnings Results for the First Quarter Ended March 31, 2024	05-14	CI
BILFINGER : Deutsche Bank reiterates its Buy rating	04-24	ZD
BILFINGER : Opinion change, from Add to Buy	04-15
Global markets live: Boeing, Shell, AstraZeneca, Tesla, Meta...	04-08
Dpa-AFX Overview: COMPANIES - The most important news of the weekend	04-07	DP
	04-06	RE
Green Hydrogen Systems A/S and Bilfinger Collaborate on Green Hydrogen Projects	03-20	CI
INDEX-MONITOR: Morphosys and Bilfinger in the MDax as of today - Dax unchanged	03-18	DP
Bilfinger SE(XTRA:GBF) added to Germany MDAX Index (Performance)	03-17	CI
Bilfinger SE(XTRA:GBF) dropped from Germany SDAX (Total Return) Index	03-14	CI

Chart Bilfinger SE

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Company Profile

Bilfinger SE is a Germany-based international industrial services provider. The Company provides customized engineering and services to customers in the process industry. Its Industrial business segment includes industrial maintenance; insulation, scaffolding and painting; oil and gas, and engineering solutions. The Industrial business segment includes activities, such as design, development and erection of industrial facilities; maintenance and repair of industrial plants; project management; assembly and installation of plant components; design, development and implementation of automation solutions, and insulation, surface and corrosion protection, industrial scaffolding. Its Power business segment includes activities, such as repair, maintenance, efficiency enhancements and service life extensions, as well as the demolition of existing power plants, and design, manufacture and assembly of components for power plant systems with a focus on boilers and high-pressure piping systems.

Sector

Calendar

12/08/2024 - Q2 2024 Earnings Release

More about the company

Income Statement Evolution

More financial data

Analysis / Opinion

BILFINGER : An investor day to present the progress on strategy June 12, 2024 at 08:44 am

More Strategies

Ratings for Bilfinger SE

Trading Rating

Investor Rating

ESG Refinitiv

B+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

47.7EUR

Average target price

55.5EUR

Spread / Average Target

+16.35%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

	1st Jan change	Capi.
BILFINGER SE	+36.99%	1.91B
	+4.53%	60.67B
VINCI	-13.69%	59.89B
QUANTA SERVICES, INC.	+26.64%	40.01B
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED	+15.59%	31.89B
FERROVIAL SE	+10.90%	28.69B
CHINA RAILWAY GROUP LIMITED	+13.56%	20.5B
WSP GLOBAL INC.	+11.36%	18.76B
EMCOR GROUP, INC.	+75.09%	17.73B
CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED	+39.37%	17.1B

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1880	Beginnings of Grün & Bilfinger AG, the oldest
	forerunner company
1890	Beginnings of Julius Berger Tiefbau AG and
	Berlinischen Boden-Gesellschaft (later
	Bauboag)
1969	Merger of Julius Berger and Bauboag
1975	Merger of Julius Berger - Bauboag and Grün
	& Bilfinger to form Bilfinger + Berger
	Bauaktiengesellschaft
2001	Renamed Bilfinger Berger AG
from 2002	Development of services divisions
	Industrial services (from 2002)
	Real estate services (from 2002)
	Power plant services (from 2005)
2010	Transformation to Bilfinger Berger SE
from 2011	Disposal of construction business
	Sale of Valemus Australia (2011)
	Sale of Construction division (Civil) (2014)
2012	Renamed Bilfinger SE
2016	Sale of real-estate services and building
	construction activities
2017	Focus on industrial services
from 2022	Vision: No. 1 for customers in enhancing
	efficiency and sustainability

*Staff representatives
May 2024	Bilfinger SE Investor Relations Factbook	Page 7

Bilfinger : Factbook (Reporting Factbook) (2024)

Latest news about Bilfinger SE

Chart Bilfinger SE

Company Profile

Income Statement Evolution

Analysis / Opinion

Ratings for Bilfinger SE

Analysts' Consensus

EPS Revisions

Quarterly earnings - Rate of surprise

References