Share and financing

Review

The average number of shares traded each day fell slightly to around 40,500 in 2022, compared with around 42,500 in the previous year. The average daily trading volume increased to CHF 1.2 million (from CHF 1.0 million in 2021). Implenia’s closing price at the end of 2022 was CHF 38.05 (closing price 2021: CHF 20.76), an increase of 83.3 %.

Source: Bloomberg

1 Share price before 2020 adjusted for Ina Invest spin-off

Board of Directors will propose a dividend of CHF 0.40 per share to Annual General Meeting

Implenia wants its shareholders to participate in the company’s success following the sucessful completion of its transformation. Therefore the Board of Directors will propose a dividend of CHF 0.40 per share to the AGM on 28 March 2023. The Board of Directors anticipates that Implenia will be able to continue distributing dividends in the future.

Index membership

• SPI
• SPI ESG
• SPI ESG Select
• SPI ex SLI
• SPI EXTRA
• Swiss All Share

1 Share price before 2020 adjusted for Ina Invest spin-off

2 2019: Plus dividend in kind from the Ina Invest trasaction of max. CHF 1.20 per share
2022: Subject to approval by Annual General Meeting

3 Based on number of outstanding shares at 31.12.

Coverage of Implenia’s shares

Investment specialists continuously analyse Implenia’s business performance, results and market

situation. Five analysts regularly publish studies on Implenia shares.

As at: 22.2.2023 

Credit ratings

Implenia Ltd. has no official credit rating from a credit rating agency. The listed ratings are based on each bank’s internal criteria. Please note that all credit ratings can change at any time.

As at: 22.2.2023 

Outstanding bonds

Implenia has issued the following CHF bonds and listed them on the SIX Swiss Exchange.

Implenia repaid a CHF 175 million subordinated convertible bond when it matured on 30 June 2022.

Outstanding promissory note loans

In June 2017, Implenia issued a promissory note loan (private placement), for a total amount of EUR 60 million. The three EUR-denominated tranches have fixed interest rates and maturities of four, six and eight years. The first tranche of
EUR 10 million was repaid in 2021.

Syndicated loan agreement

Implenia has a revolving syndicated loan agreement for CHF 650 million, which in November 2022 was extended to December 2027. This unsecured credit facility consists of a tranche of
CHF 100 million (Facility A) as a revolving cash limit, a guarantee limit of CHF 450 million (Facility B), and a cash and/or guarantee limit of CHF 100 million (Facility C). As of the balance sheet date, no liquidity had been drawn down from the usable portion of the credit facility.

1 excl. impact of fixed short-term deposit prior to repayment of convertible bond

1 Excl. temporary staff

1 Basis: consolidated revenue IFRS

Increasing value through sustainability

Sustainability is an integral part of Implenia’s business and value system, which makes Implenia’s shares and bonds attractive to those investors who take a sustainable approach to investment.

Certification and ratings

Implenia is certified under the ISO 14001 standard – Environmental Management – and has pursued a sustainability strategy since 2009. Our sustainability reporting is based on the Global Reporting Initiative (GRI).

A series of top ratings reflects the external recognition that Implenia’s commitment to sustainability has received in recent years. MSCI ESG – one of the world’s leading rating agencies – gave Implenia an AAA rating in 2022. EcoVadis, the world’s largest provider of sustainability ratings, elevated Implenia from silver to gold status in 2022. This puts the Group in the top 5 percent of the more than 100,000 companies evaluated by EcoVadis.  Implenia also received above-average sustainability ratings from rating companies Sustainalytics and Inrate. 

The use by Implenia of any MSCI ESG Research LLC or its affiliates (“MSCI”) data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of Implenia by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided “as-is” and without warranty. MSCI names and logos are trademarks or service marks of MSCI.

“Green” credit financing

In 2018 Implenia became the first industrial company in Switzerland to link its credit margin to its sustainability performance. This performance is determined annually by Sustainalytics, a leading international provider of ESG ratings. In 2022, Implenia consolidated its top position – both overall and in the three individual areas – from a total of 65 companies in the “Construction & Engineering” sector, scoring 85 points. This was a one-point improvement on the previous year’s rating.
Sustainalytics' “ESG Risk Rating” also puts Implenia in the top 5 percent of companies. Thanks to its consistently high ratings, Implenia benefits from favourable conditions on the capital markets.

Communications

Implenia follows an open, transparent and timely information policy in the interests of its shareholders, investors and the general public. In its periodic and ad hoc reporting, Implenia is committed to equal treatment of all stakeholder groups with regard to timing and content. Comprehensive information is available to all investors, journalists and interested members of the public on the “Investors” and “Media” pages at  implenia.com.

Interested parties can subscribe to all our important corporate communications, including ad hoc press releases, by clicking through to the “Media/News Service” page on the site. As in previous years, in 2022 the CEO, CFO and Investor Relations presented the company at roadshows, conferences and meetings. Implenia also held a  Capital Markets Day on 1 November 2022. In 2022, Implenia held its two customary conferences on the financial results – half-year and full-year – for analysts and the media.