Roermond,
18
March
2022
|
07:00
Europe/Amsterdam

Sif Full Year 2021 results

Solid Execution, Backlog Additions and Blueprint for Capacity Expansion

Our key performance indicators

People Planet

LTIF

Net CO2 emission

Contributed to

Project deliveries

Contract wins

 4.98

0

 ton

1,873

 MW capacity

Hollandse Kust Zuid

Dogger Bank C, Maasvlakte 2 & 36 Kton exclusive

Profit

Contribution

EBITDA

Dividend proposal

ROACE

Order book for 2022-2024

€114.2

Million

€39.1

Million

€0.19

43.2%

430

Kton

Operational highlights:

  • Total throughput of approximately 171 Kton of steel (2020:164 Kton) or 188 monopiles and primary steel for 55 transition pieces;  
  • Fabrication of foundations for Dogger Bank A: largest in Sif history with 8.60 diameters;
  •  Marshalling services for Kincardine floating offshore wind farm;
  • Carbon neutral footprint through compensation from HaliadeX @13 MW wind turbine;
  • Acquisition of KCI the engineers B.V. to strengthen engineering skills and capacity;
  • Completion of new roll-on roll-off (RoRo) quay;
  • Completion of blueprint for strategic expansion plan to increase production to ᴓ11.5 meters and 500 Kton production capacity.

Key figures 2021[1]:

  • Dividend-proposal €0.19 per share (€0.12 in 2020);
  • Year-end 2021 net working capital -/- €65.8 million (YE 2020 -/- €2.9 million);
  • Year-end 2021 cash  €73.2 million (YE 2020 cash of €2.6 million).

In € million

FY 2021

FY 2020

change YOY

Contribution

114.2

101.6

+12.4%

Adjusted EBITDA

39.4

31.8

+23.9%

Earnings after tax (attributable to the shareholder)

11.6

7.3

+58.9%

Production in Kton

171

164

 +4.3%

EPS in €

0.45

0.29

+58.9%

LTIF in injuries per mln working hours

4.98

2.48

+99.2%

Gross CO2 emission per ton

21.5

19.3

+11.4%

Order book in Kton

For 2022

For 2023 & beyond

Contracted

180

214

Exclusive negotiations

 

36


For the full release we refer to the PDF attached


 

[1] All numbers presented are including IFRS 16-effects, unless stated otherwise.