Sweco + FMC Group Going for #1 in Finland and the Nordics December 19, 2011

Transcription

1 Bildyta - Välj Infoga bild Sweco + FMC Group Going for #1 in Finland and the Nordics December 19,

2 Sweco and FMC Group join forces Becomes the second largest engineering consultancy in Finland One stop shop for engineering consulting Ambition for continued growth Going for #1 in Finland and the Nordics 2

3 Sweco in brief One of the leading engineering consultancies in the Nordics Total solutions for sustainable development 6,200 employees 620 MEUR annual sales 11 home markets 30,000 assignments per year, in 80 countries 3

4 Sweco s business segments Segment Water & Environment Infrastructure Energy Systems Building Service Systems Structural design Industrial Engineering Architecture Project Management Geographic IT Share of net sales 17% 16% 14% 14% 13% 9% 9% 6% 2% 4

5 Strong market positions Nordic leader #1 in Sweden, #3 in Norway Strong niche positions in Central and Eastern Europe (1,250 employees) Ongoing assignments in 80 countries Capacity to offer total solutions for projects across national borders Norway Denmark Sweden Czech Republic Finland Poland Slovakia Estonia Lithuania Russia Bulgaria 5

6 Sweco in Finland Business segments: - Industrial engineering - Project management - Architecture Market position: #7 Norway Denmark Sweden Finland Russia Estonia Lithuania Number of employees: 520 Offices: 12 locations Czech Republic Poland Slovakia Bulgaria 6

7 FMC Group in brief #5 Engineering consultancy in Finland Market leader in structural design 1,100 employees 79.7 MEUR in revenues and 9.4 MEUR in operating profit (EBITA) 2010/2011 Offices at 21 locations in Finland International operations in Russia, Estonia, Latvia, Lithuania, Poland and India 7

8 FMC s business segments Segment Structural engineering Building services Industry and energy technology Environment and community development Expert services Share of net sales 63 % 14 % 10 % 8 % 5 % 8

9 Income statement FMC Group EUR million Sep 10-Aug 11 Sep 09-Aug 10 Sep 08-Aug 09 Net sales Operating cost EBITDA Depreciations EBITA Amortizations EBIT Financial net Income taxes Minority interest Profit for the period EBITA margin 11,8 % 13,3% 13,1% Note: Finnish GAAP, completed project accounting 9

10 + Going for #1 in Finland and the Nordics 10

11 Sweco + FMC Group Sweco 1) FMC Group 2) Sweco + FMC Group 6,200 employees 620 MEUR revenues 53.6 MEUR EBITA #7 in Finland Nordic leader in environment, energy and infrastructure 1,100 employees 80 MEUR revenues 9.4 MEUR EBITA + #5 in Finland = Building technology leader in Finland 7,300 employees 700 MEUR revenues 63.0 MEUR EBITA #2 in Finland and #2 in Nordics Multidisciplinary market leader in Finland and the Nordics 1) Sweco, rolling 12 month, Q ) FMC Group, full year August 31, 2011 Note: EUR/SEK 9,10

12 Logic behind merger Broadening service offering Achieving full service offering and #2 position in Finland Strengthening growth platforms Combining FMC s positions in infrastructure, energy and water/environment with Sweco s Nordic leadership positions International opportunities Leveraging Nordic synergies and joining forces internationally 12

13 Clear advantages for clients Creates a consultancy with market leading competence in all key engineering disciplines Reinforces FMC s #1 position in building technology through combination with Sweco s Architectural and project management competence Allows for complete project undertakings in all segments Provides FMC s clients with the backing of a Nordic leading consultancy, e.g., in energy, infrastructure and environmental technology 13

14 Full service offering in Finland Structural engineering Industrial engineering Project management Building service systems Architecture Infrastructure engineering Environmental consulting Energy systems Total solutions for sustainable urban development 14

15 At 24 locations in Finland FMC 1,100 employees at 21 locations Sweco and FMC Group FMC Group Sweco Rovaniemi Sweco 500 employees at 12 locations Combined 1,600 employees at 24 locations Kemi Oulu Nivala Pietarsaari Vaasa Seinäjoki Kajaani Kuopio Varkaus Jyväskylä Pori Rauma Turku Parainen Tampere Lahti Häärmeenlinna Lappenranta Kouvola Porvoo Helsinki, Espoo and Vantaa

16 Transaction Sweco acquires 100% of the shares in Finnmap Consulting Oy Sellers include founders and employees Enterprise value EUR 65 million* - Net cash consideration EUR 61 million - 795,000 Sweco class B treasury shares EV/EBITA = 6.9x, EPS accretive Subject to approval by competition authority Closing expected during Q1, 2012 * EUR/SEK=9.10 Sweco B = SEK/share 16

17 Summary Creating a market leading engineering consultancy in Finland One stop shop for clients Going for clear leadership in Finland and in the Nordics 17