Share and financing

1 Subject to approval by Annual General Meeting of Shareholders

Review

The average number of shares traded each day rose slightly to around 41,700 in 2023, compared with 40,500 in the previous year. The average daily trading volume increased to CHF 1.5 million (from CHF 1.2 million in 2022). Implenia's closing price at the end of 2023 was CHF 30.50 (closing price 2022: CHF 38.05), a decline of 19.8%.

Source: Bloomberg

1 Price before 2020 adjusted for Ina Invest spin-off

Board of Directors will propose a dividend of CHF 0.60 per share to Annual General Meeting

Implenia wants its shareholders to participate in the company's growing success, so the Board of Directors will propose a dividend of CHF 0.60 per share (previous year: CHF 0.40) to the Annual General Meeting of Share-holders on 26 March 2024. The Board of Directors anticipates that Implenia will continue to distribute 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 transaction of max. CHF 1.20 per share
    2023: subject to approval by the 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.

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 credit ratings can change at any time.

Outstanding bonds

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

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 and the second tranche of EUR 20 million in 2023.

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 its own sustainability strategy since 2009. Our sustainability reporting is based on the Global Reporting Initiative (GRI).

A raft of top ratings reflects the external recognition that Implenia's sustained commitment has received in recent years. MSCI ESG - one of the world's leading credit rating agencies - gave Implenia an AAA rating in 2023, for example. EcoVadis, the world's largest provider of sustainability ratings, confirmed Implenia's Gold status in 2023. This puts the Group in the top five percent of the more than 100,000 companies evaluated by EcoVadis. Implenia also received above-average sustainability scores 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 2023, Implenia consolidated its leading position (#2) - both overall and in the three individual areas - among a total of 61 companies in the "Construction & Engineering" sector, scoring 86 points. This was a one-point improvement on the previous year's rating. The Sustainalytics "ESG Risk Rating" also puts Implenia in the top six percent of companies. Thanks to its consistent high ratings, Implenia benefits from favourable conditions on the capital market.

Communications

Implenia follows an open, transparent and timely information policy in the interests of its share-holders, investors and the general public. In its periodic and ad hoc reporting, Implenia is committed to equal treatment of all stake-holder 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 2023 the CEO, CFO and Investor Relations presented the company at roadshows, conferences and meetings. In 2023 Implenia held its two customary conferences on the financial results - half-year and full-year - for analysts and the media.

Contacts

For ongoing communication with shareholders, investors, journalists and analysts: