5. Information by segment

Condensed statement of profit or loss by segment

x € 1 million

1st half 2023

Property development

Building & Technology

Infra

Other/ eliminations

Total

Third parties

200

367

370

0

937

Intercompany

143

11

-154

0

Total revenues

200

510

381

-154

937

Underlying EBITDA

13

21

23

-8

49

Adjustment operating result joint ventures

-1

-1

-2

Write-down land/real estate

0

Acquisition costs

-3

-3

Restructuring costs

-1

-1

Total exceptional items

-1

-1

-1

-3

-6

Depreciation/amortisation

-1

-6

-10

-3

-20

Operating result

11

14

12

-14

23

Net financing costs

0

Result of joint ventures and associates

2

Result before tax

25

Tax result

-7

Result after tax

18

Operating results as percentage of revenues

2.5%

1st half 2022

Property development

Building & Technology

Infra

Others/ eliminations

Total

Third parties

294

275

294

1

864

Intercompany

154

15

-169

0

Total revenues

294

429

309

-168

864

Underlying EBITDA

21

17

34

-5

67

Adjustment operating result joint ventures

2

-1

-4

-3

Write-down land/real estate

-4

-4

Acquisition costs

-1

-1

Restructuring costs

0

Total exceptional items

-2

-1

-5

0

-8

Depreciation and amortisation

-1

-7

-9

-2

-19

Operating result

18

9

20

-7

40

Net financing costs

-2

Result of joint ventures and associates

1

Result before tax

39

Tax result

-9

Result after tax

30

Operating result as percentage of revenues

4.6%

Underlying EBITDA is the operating result before depreciation and amortisation, including EBITDA joint ventures, excluding write downs on property assets, restructuring costs, acquisition costs of new entities and and any other non-operational results, if applicable, that are designated by the Group as special.

The underlying EBITDA of Infra in the first half of 2022 included the release of € 19 million from the provision Wintrack II (see note 6.5).

Condensed statement of financial position by segment

x € 1 miljoen

30 June 2023

Property development

Building & Technology

Infra

Others/ eliminations

Total

Assets

319

486

350

-116

1,039

Not allocated

26

Total assets

319

486

350

-116

1,065

Liabilities

180

414

265

-157

702

Not allocated

42

Total liabilities

180

414

265

-157

744

Equity

321

Total equity and liabilities

1,065

30 December 2022

Property development

Building & Technology

Infra

Others/ eliminations

Total

Assets

355

421

387

-108

1,055

Not allocated

28

Total assets

355

421

387

-108

1,083

Liabilities

206

359

298

-159

704

Not allocated

62

Total liabilities

206

359

298

-159

766

Equity

317

Total equity and liabilities

1,083

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