Boskalis Annual Report 2018

Other information ANNUAL REPORT 2018 – BOSKALIS 146 HISTORIC OVERVIEW (1) (15) (in EUR million, unless stated otherwise) Revenue 2,570 2,343 2,596 3,240 Order book 4,292 3,495 2,924 2,490 EBITDA (3) 353.6* 436.6 660.5* 884.7 Depreciation and amortization 234.6 251.6 277.2 278.6 Operating result (12) 119.0 185.0 384.6 577.3 Extraordinary charges/impairments 519.5 0.0 842.6 14.5 EBIT (2) -400.5 185.0 -458.1 562.8 Net profit (14) 82.8* 150.5 276.4* 440.2 Net group profit/loss -433.7 150.4 -561.8 443.5 Cash flow 319.5* 402.0 464.0 765.4 Shareholders’ equity 2,544 3,023 3,121 3,714 Average number of outstanding shares (x 1,000) (4) 132,492 Number of outstanding shares (x 1,000) (5) 134,068 Personnel (headcount) (13) 7,078 6,410 6,960 8,268 Ratios (in percentages) EBIT as % of the revenue 4.6* 7.9 14.8* 17.4 Return on capital employed (6) 2.9* 4.8 9.1* 10.8 Return on equity (7) 3.0* 4.9 8.1* 12.8 Solvency (8) 56.1 62.6 56.1 56.3 Figures per share (in EUR) Profit (5)(9) 0.63* 1.15 2.16* 3.54 Cash flow (5) 2.41* 3.07 3.62* 6.16 Dividend 0.50 1.00 1.00 1.60 Share price range (in EUR) Low 20.10 27.08 27.89 35.70 High 32.58 35.51 37.60 49.21 * Excluding extraordinary charges/impairments (1) Figures taken from the respective fnancial statements. (2) EBIT as reported in the consolidated statement of proft or loss. (3) EBIT before depreciation, amortization and impairment losses. (4) Weighted average number of outstanding shares less the number of shares owned by the company. (5) Number of outstanding ordinary shares less the number of shares owned by the company as at 31 December. (6) Net proft + interest expenses regarding long term loans (non-current interest bearing borrowings) as % of the average capital employed (2016 average capital includes adjustment for debt to be repaid early). (7) Net proft as % of the average shareholders’ equity. (8) Group equity as % of balance sheet total (non-current assets + current assets). (9) The dilution effect was practically nil up to and including the fnancial year 2018. (10) Adjusted for changes in the IFRS regulations (IAS19R). (11) As of 1 January 2014 Boskalis applies IFRS11 which impacts the way joint ventures and associated companies are recognized. The full year 2013 comparative fgures have been adjusted accordingly. (12) EBIT - extraordinary charges/impairments. (13) Employees employed by majority owned entities including employees Anglo Eastern, crew of the heavy transport vessels. (14) The net loss in 2018 and 2016 have been adjusted for post tax extraordinary charges/impairments. (15) On 21 May 2007 a share split on a three-for-one basis was effected. For comparative purposes the data regarding the number of shares and fgures per share of all the periods preceding the share split have been recalculated. (16) As of 1 January 2018 Boskalis applies IFRS15. The full year 2017 comparative fgures have been adjusted accordingly. 2017 (16) 2016 2015 2014 (11) 2013 (11) 2018 (16) 3,167 3,286 3,144 3,323 945.9 261.9 684.0 757.2 254.4 502.8 31.6 39.4 652.3 463.4 490.3 492.2 785.7 365.7 365.3 659.1 3,152 2,525 131,097 128,205 124,182 121,606 118,445 130,677 130,077 125,627 122,309 120,265 8,446 8,459 20.6 13.8 17.3 53.4 14.7 13.0 16.5 47.6 4.03 6.46 1.60 3.09 5.56 1.24 33.71 47.18 26.92 38.58

2012 (10)

3,081 4,106

567.1 227.2 339.9

4.1

335.8

249.0 252.0 483.3

1,898

105,644

107,284

15,653

10.9 11.1 13.8 39.2

2.36 4.58 1.24

23.26 34.50