Sustainability - a key element of Implenia's value proposition Sustainability is not only one of Implenia's corporate values, but also a key element of the value propo-sition to its customers. Implenia defined twelve sustainability goals covering a broad spectrum of ESG criteria to achieve until 2025. The overall objective to further build on its position as an industry leader concerning sustainability has been recognized recently by two major rating firms: Sustainalytics, a leading global research and analysis firm for environmental, social and governance issues, has awarded Implenia 84 points for 2020. Implenia also achieved silver status for 2021 from EcoVadis, the world's largest provider of sustainability ratings. This rating is particularly important for contracts with the public sector, but is also increasingly required by other customers. In addition, MSCI also confirmed their AA rating for Implenia in July 2021.

Equity ratio increased versus full-year 2020 despite seasonality. Cash and equity with positive trend for second half-year Free Cash Flow for the first half-year was CHF -325.4 million (HY1.2020: CHF -228.3 million) and, as ex-pected, is temporarily at low levels impacted by seasonality and the ongoing strategy execution. Expenses for restructuring measures and legacy projects, which were provisioned last year, have led to an additional cash drain. As a result of the Ina Invest transaction last year and according to forecast, Cash Flow from Division Real Estate is currently lower and expected to stabili¬ze mid-term. For the second half-year, Implenia expects a positive development of the Free Cash Flow.

Despite seasonality of first half-year, the equity ratio increased by 0.8 pp to 11.1% (versus decrease of 2.5 pp in HY1.2020). Implenia aims for a continuous sustainable improvement of the equity ratio with a mid-term ambition of above 20%, based on the strong underlying business, including increasing earnings from Ina Invest and on a consistent asset-light strategy. Furthermore, there is an upside potential from Implenia's real estate portfolio. Implenia confirms guidance Based on the progress of the strategy implementation and the current assessment of the material cost increase, focusing on its core portfolio and asset-light strategy, Implenia confirms its EBIT guidance on Group level. For 2021 Implenia expects EBIT of CHF >100 million and as mid-term target an EBIT margin of 4.5%.

Half-Year Report 2021: Please refer to this link to read or download the Half-Year Report 2021.

Analysts and Media Conference An Analysts and Media Conference (webcast) takes place today (from 8.30 to 9.30 am), where you can submit your questions. 


 
Key figures Group 
 
                                                1.1.-30.06.2021         1.1.-30.06.2020           ?        ? 
                                                in CHF t                in CHF t                           like for 
                                                                                                           like^1 
Group revenue                                   1,883,604               1,926,145                 (2.2%)   (4.2%) 
 
EBIT                                            40,027                  56,202 
in % of revenue                                 2.1%                    2.9% 
 
Net result                                      22,381                  57,611 
in % of revenue                                 1.2%                    3.0% 
 
Free Cash Flow                                  (325,394)               (228,342) 
 
Cash and cash equivalents (as at 30.06.)        358,221                 646,776                   (44.6%)  (45.4%) 
Financial liabilities (as at 30.06.)            (710,738)               (644,718)                 10.2%    9.5% 
Net cash position (as at 30.06.)                (352,517)               2,058 
Lease liabilities (as at 30.06.)                160,712                 141,481                   13.6%    10.6% 
Net cash position excl. lease liabilities (as   (191,805)               143,539                   (233.6%) (237.1%) 
at 30.06.) 
 
Invested capital (as at 30.06.)                 695,106                 521,730                   33.2%    32.1% 
Rights of use from leases (as at 30.06.)        (154,361)               (139,610)                 10.6%    7.7% 
Invested capital excl. rights of use from 
leases                                          540,745                 382,120                   41.5%    41.0% 
(as at 30.06.) 
 
Equity (as at 30.06.)                           324,341                 506,487                   (36.0%)  (37.2%) 
Equity ratio in %                               10.3%                   19.2% 
 
Order book (as at 30.06.)                       6,615,465               6,164,727                 7.3%     4.8% 
Production output                               1,805,552               1,938,753                 (6.9%)   (8.6%) 
Employees (FTE; as at 30.06.)                   8,123                   8,895                     (8.7%) 
 
^1 Foreign currency adjusted 
 
 
 
Key figures Divisions 
 
Real Estate 
                                                1.1.-30.06.2021         1.1.-30.06.2020           ? 
                                                in CHF t                in CHF t 
EBIT                                            22,304                  107,453                   (79.2%) 
 
Employees (FTE; as at 30.06.)                   92                      72                        27.8% 
 
Buildings 
                                                1.1.-30.06.2021         1.1.-30.06.2020           ? 
                                                in CHF t                in CHF t 
Revenue                                         821,349                 898,172                   (8.6%) 
 
EBIT                                            16,235                  5,365 
in % of revenue                                 2.0%                    0.6% 
 
Order book (as at 30.06.)                       3,148,274               2,645,735                 19.0% 
Production output                               826,103                 911,876                   (9.4%) 
Employees (FTE; as at 30.06.)                   1,929                   1,986                     (2.9%) 
 
Civil Engineering 
                                                1.1.-30.06.2021         1.1.-30.06.2020           ? 
                                                in CHF t                in CHF t 
Revenue                                         944,266                 840,070                   12.4% 
 
EBIT                                            10,163                  (48,029) 
in % of revenue                                 1.1%                    (5.7%) 
 
Order book (as at 30.06.)                       3,301,107               3,348,633                 (1.4%) 
Production output                               891,533                 835,682                   6.7% 
Employees (FTE; as at 30.06.)                   4,643                   5,322                     (12.8%) 
 
 
 
 
 
Specialties 
                                                1.1.-30.06.2021         1.1.-30.06.2020           ? 
                                                in CHF t                in CHF t 
Revenue                                         79,142                  89,305                    (11.4%) 
 
EBIT                                            471                     (629) 
in % of revenue                                 0.6%                    (0.7%) 
 
Order book (as at 30.06.)                       166,084                 170,360                   (2.5%) 
Production output                               79,135                  92,596                    (14.5%) 
Employees (FTE; as at 30.06.)                                                                     (6.1%) 
                                                892                     950

Contact for media: Corporate Communications, T +41 58 474 74 77, communication@implenia.com

Contact for Investors and Analysts: Investor Relations, T +41 58 474 35 04, ir@implenia.com

Dates for investors: 1 March 2022: Annual Result 2021, analysts and media conference 29 March 2022: Annual General Meeting

As Switzerland's leading construction and real estate service provider, Implenia develops and builds homes, workplaces and infrastructure for future generations in Switzerland and Germany. It also plans and builds complex infrastructure projects in Austria, France, Sweden and Norway. Formed in 2006, the company can look back on around 150 years of construction tradition. The company brings together the know-how of its highly skilled consulting, planning and execution units under the umbrella of an integrated leading multinational construction and real estate service provider. With its broad offering and the extensive experience of its specialists, the Group can realise complex major projects and provide customer-centric support across the entire life-cycle of a building or structure. It focuses on customer needs and on striking a sustainable balance between commercial success and social and environmental responsibility. Implenia, with its headquarters in Opfikon near Zurich, employs more than 8,500 people in Europe and posted revenue of almost CHF 4 billion in 2020. The company is listed on the SIX Swiss Exchange (IMPN, CH0023868554). More information can be found at implenia.com.

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