4th Quarter Results and Preliminary Figures FY 2021
February 10, 2022
Rebuilding the track record: Delivered on guidance, again
( )
Guidance met
137
104
65
EBITA adjusted
20
[€ million]
115
56
57
93
Free Cashflow
reported [€ million]
2018
2019
2020
2021
Bilfinger SE | Preliminary Figures FY 2021 | February 10, 2022
page 2
Key strategic highlights 2021
Cost reduction and agility measures become effective
Significant improvement in gross margin
All 4 quarters with positive EBITA adjusted and reported
Further working capital improvement
Process and system harmonization roll-out completed, major restructuring in final stages
Capital allocation of €458m in Apleona proceeds
Early debt redemption of ~€100 million in October 2021
Extra distribution to Shareholders of €150 million will be proposed to AGM 2022 on top of floor dividend, additional €100 million earmarked for share buyback
Several hundred million Euros for bolt-on acquisitions and organic growth investments within the next two to three years
Sustainability strategy taken forward
First-timereporting on CO2 footprint Scope 1 and 2
First-timecommitment on Net Zero target
Sustainable Industrials Services portfolio with significant growth potential
Energy transition project pipeline developing well
Bilfinger SE | Preliminary Figures FY 2021 | February 10, 2022
page 3
Key financial highlights 2021
+9% org.
Orders received
+11% org.
Revenue
€ 137 million
EBITA adjusted
€ 130 million
Net profit
Markets remain generally positive
Full-yeartarget of €4 billion achieved, book-to-bill of 1.07
Q4 with solid orders received in all segments
Strong recovery especially in E&M Europe and Technologies
International business lagging
Technologies and E&M Europe with good margins
E&M International with positive Q4 but underperformance in FY
Margin above 3% in line with expectations, enhanced by real estate disposals
Strong result based on good performance and positive tax effects
Bilfinger SE | Preliminary Figures FY 2021 | February 10, 2022
page 4
Full year 2021 with strong cash development Outlook 2022: now based on purely reported figures
Liquidity
Balance sheet/ Dividend
Outlook 2022
Reported free cash flow even surpass good prior-year level
DSO of 67 days a new record low
Non-operationaleffects add on positive development despite restructuring cash-outs and increased CAPEX
Very solid balance sheet
Dividend proposal of €1.00 plus €3.75 special dividend per share
Revenue: Significant growth
EBITA margin: Further operational improvement
Free cash flow on good level of FY 2021
Bilfinger SE | Preliminary Figures FY 2021 | February 10, 2022
page 5
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Bilfinger SE published this content on 10 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 February 2022 06:18:47 UTC.
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.
BILFINGER SE 
