Dear shareholders, investors and interested parties,

2020 was a year of challenge and transformation for Implenia. The COVID-19 pandemic had an adverse impact on our business, but in this challenging time our operating model and organisational structure proved to be very effective. We have also made unavoidable write-downs on projects begun before 2019.

Consequently, implementation of our strategy has been intensified and accelerated in the “Portfolio” and “Profitable Growth” areas. From now on, we are concentrating on offering a broad range of services in the core markets of Switzerland and Germany. In other markets, we offer tunnelling and related infrastructure projects. This helped us improve our risk profile in the 2020 financial year. Our order book increased in size and quality through the acquisition of new flagship projects in all divisions.

As we look to the future we will continue to focus on profitability and will always put our customers in the centre of all we do – especially when developing our own sustainable, innovative solutions. And so, working with and for people, we can create and build how we will live, work and move in future.

André Wyss
CEO

Group

Order book Consolidated Revenue Ebitda Net result Production output

Order book at a high level and of improved quality.

Order book at a high level and of improved quality.

6,3862020
Shares Divisions
123
1 Buildings 47.7%2 Civil Engineering 49.8%3 Specialities 2.5%
6,1582019

in CHF m

Consolidated revenue was highly impacted by the COVID-19 pandemic.

Consolidated revenue was highly impacted by the COVID-19 pandemic.

3,9892020
Shares Divisions
12345
1 Buildings 47.1%2 Civil Engineering 45.6%3 Specialities 4.7%4 Real Estate 2.4%5 Functions / Others 0.2%
4,4312019

in CHF m

EBITDA influenced by COVID-19 pandemic and various one-time effects.

EBITDA influenced by COVID-19 pandemic and various one-time effects.

-4.92020
Shares Divisions
186.82019

in CHF m

Net result influenced by negative one-time effects and impairment of goodwill.

Net result influenced by negative one-time effects and impairment of goodwill.

-132.12020
Shares Divisions
33.92019

in CHF m

Production output below previous year due to COVID-19 pandemic.

Production output below previous year due to COVID-19 pandemic.

4,0602020
Shares Divisions
12345
1 Buildings 46.5%2 Civil Engineering 46.2%3 Specialities 4.7%4 Real Estate 2.4%5 Functions / Others 0.2%
4,5182019

in CHF m

«As per our strategy, we are concentrating even more strongly on activities right at the very start of the construction process, such as consultancy, planning and engineering.»

André Wyss, CEO

Divisions

Order Book Revenue Ebitda Production Output

Buildings
Verlinkung_intern Explore
3,046
2,394
Civil Engineering
Verlinkung_intern Explore
3,183
3,613
Specialties
Verlinkung_intern Explore
156.6
150.3

in CHF m

2020
2019

Real Estate
Verlinkung_intern Explore
124.5
160.4
Buildings
Verlinkung_intern Explore
2,080
2,242
Civil Engineering
Verlinkung_intern Explore
2,013
2,300
Specialties
Verlinkung_intern Explore
223.6
242

in CHF m

2020
2019

Real Estate
Verlinkung_intern Explore
110.6
44.5
Buildings
Verlinkung_intern Explore
-6.1
51.5
Civil Engineering
Verlinkung_intern Explore
-101.2
77.2
Specialties
Verlinkung_intern Explore
2.8
19.2

in CHF m

2020
2019

Real Estate
Verlinkung_intern Explore
126.5
162.7
Buildings
Verlinkung_intern Explore
2,088
2,276
Civil Engineering
Verlinkung_intern Explore
2,069
2,344
Specialties
Verlinkung_intern Explore
228.7
248.7

in CHF m

2020
2019

«2020 was a challenging year. We are well positioned for 2021: The measures taken to make us more focused are having an effect and the project pipeline is sound.»

Christian Späth, Head Division Civil Engineering

Insights

Competence and innovation

Implenia develops, plans and builds sustainable properties and infrastructures for future generations, and it will keep doing this even more efficiently – and more digitally – in future.

Information for investors

Well positioned for success after a chapter of significant challenges and transformation

Implenia recorded a stable operating performance in the 2020 financial year, in line with its ambitious objectives. But 2020 was still a challenging year, partly because of the COVID-19 pandemic, but especially because of a necessary acceleration in strategy implementation, which resulted in significant negative one-time effects. Now we are focused on our core competencies, the strategic measures we have implemented are having an effect. Implenia will return to sustainable profitable growth in 2021.

Information for investors