BKW (BKW) Investor presentation summary

Key financials and business overview

• 2024 revenue reached CHF 4.8 bn, EBIT CHF 0.8 bn, and operating cash flow CHF 0.7 bn, with 12,100 employees.

• Diversified business model spans energy, infrastructure, and buildings, with a strong Swiss base and international reach.

• Listed on SIX Swiss Exchange since 2003, with a market capitalization of CHF 2 bn as of end 2024.

• Business segments include Energy Solutions, Power Grid, and Infrastructure & Buildings, each contributing to growth.

• Shareholder structure: 52.5% Canton of Berne, 37.5% Groupe E, 10% free float.

Strategic direction and growth targets

• "BKW Solutions 2030" strategy targets CHF 1 bn EBIT by 2030, with CHF 4 bn investments planned (CHF 2 bn in Switzerland).

• Focus on profitable, sustainable growth, customer-centric solutions, and active risk management.

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

• Growth driven by expansion in renewables, grid modernization, and infrastructure services.

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

Recent financial performance (HY 2025)

• HY 2025 revenue CHF 2,251.8 m (down 3.4%), EBIT CHF 310.7 m (down 29.1%), net profit CHF 203.3 m (down 43.9%).

• Decline attributed to lower volumes, energy prices, and grid tariffs, with normalization after 2024's favorable factors.

• Equity ratio improved to 50.9%, operating cash flow at CHF 161.6 m.

• Energy Solutions segment saw revenue and EBIT drop due to lower volumes and energy prices.

• Infrastructure & Buildings segment improved EBIT by CHF 6.4 m, reflecting focus on profitability.