BKW (BKW) Investor presentation summary

Key financial highlights

• Revenue reached CHF 4.8 bn in 2024, with EBIT at CHF 0.8 bn and operating cash flow at CHF 0.7 bn.

• Net profit increased by 32.6% to CHF 647 m, and ROCE improved to 9.5%.

• All business segments contributed to EBIT growth, with Infrastructure & Buildings showing significant margin improvement.

• Free cash flow remained strong at CHF 438 m, supporting self-financed investments.

• Equity ratio rose to 48.8%, and net debt/EBITDA improved to 0.8.

Strategic direction and growth targets

• Strategy focuses on profitable, sustainable growth, aiming for CHF 1 bn EBIT by 2030.

• Planned CHF 4 bn investments from 2025–2030, with CHF 2 bn in Switzerland.

• Energy Solutions targets CHF 650 m EBIT by 2030, Power Grid CHF 150 m, and Infrastructure & Buildings CHF 200 m.

• Emphasis on expanding renewable energy, grid modernization, and smart building solutions.

• Four strategic pillars: climate, energy, nature, and people, with a commitment to net zero emissions.

Business segment performance

• Energy Solutions benefited from higher hydro and nuclear production, despite lower energy prices.

• Power Grid saw revenue and EBIT growth due to tariff adjustments and increased WACC.

• Infrastructure & Buildings achieved strong organic growth and improved EBIT margins.

• Investments prioritized renewable energy and grid expansion, with 61% directed to growth.

• Production portfolio is shifting towards greener and more flexible assets by 2030.