BKW Inc. is the holding parent company of the BKW Group. The company is listed on the SIX Swiss Exchange (ISIN code: CH0130293662).
Investor Presentation - Annual Results 2019
Contact:
Investor Relations
Thomas Herren
investor.relations(at)bkw.ch
Phone: +41 58 477 53 56
Financial calendar
15.05.2020
General meeting, Bern
19.05.2020
Ex-dividend date
22.05.2020
Dividend payment
01.09.2020
Publication of half-year results 2020
Financial analyst presentation, Zürich
18.03.2020
Publication of the 2019 annual results
Publication of the 2019 Annual Report
Financial analyst presentation, webcast
Press release
03.09.2019
Publication of half-year results 2019
Financial analyst presentation, Zürich
Press release
31.05.2019 Dividend payment
28.05.2019
Ex-dividend date
24.05.2019
General meeting, Bern
19.03.2019
Publication of the 2018 annual results
Publication of the 2018 Annual Report
Financial analyst presentation, Zurich
Press release
BKW share
Share
| Type of share | Registered shares at a par value of CHF 2.50 each. All registered shares have equal rights. Every share represented at the Annual General Meeting is entitled to one vote. |
| Share capital | CHF 132'000'000 |
| Number of shares | 52'800'000 |
| Stock exchange | The BKW share has been listed on the Swiss Stock Exchange since 12.12.2011. |
| Security number | 13 029 366 |
| Bloomberg | BKW SW |
| Reuters | BKWB.S (SIX Swiss Exchange) |
| ISIN-Code | CH0130293662 |
| Share registrar | Devigus Shareholder Services; www.devigus.com; bkw@devigus.com |
Key Figures
| Key figures per share | 31.12.2018 (in CHF) | 31.12.2019 (in CHF) |
|---|---|---|
| Result | 3.56 | 7.42 |
| Equity | 60.66 | 65.59 |
| Dividend | 1.80 | 2.20 |
| Dividend yield (in %)* | 2.6 | 3.0 |
| Price / earnings ratio* | 19.3 | 9.6 |
| Year-end price | 68.70 | 71.40 |
| Year high | 71.60 | 75.50 |
| Year low | 53.80 | 62.20 |
*Based on year-end price
Dividends
| Year | Dividend per share in CHF | Date of pay-out |
|---|---|---|
| 2018 | 1.80 | 31.05.2019 |
| 2017 | 1.80 | 25.05.2018 |
| 2016 | 1.60 | 17.05.2017 |
| 2015 | 1.60 | 20.05.2016 |
| 2014 | 1.60 | 15.05.2015 |
| 2013 | 1.20 | 16.05.2014 |
| 2012 | 1.20 | 27.05.2013 |
| 2011 | 1.00 | 21.05.2012 |
| 2010* | 2.50 | 20.05.2011 |
| 2009* | 2.50 | 23.04.2010 |
| 2008* | 2.30 | 07.05.2009 |
| 2007* | 2.70 | 15.05.2008 |
| 2006* | 2.70 | 18.05.2007 |
*Figures up to 31.12.2010 are in respect of BKW FMB Energy Ltd.
The following analysts regularly publish opinions on the BKW share.
Bank/Analyst |
|
| Baader Helvea AG Jorg Schirmacher +41 43 388 92 67 jschirmacher(at)helvea.com | Buy |
Mirabaud Securities Limited | Buy |
| Research Partners AG Eugen Perger T: +41 41 533 40 30 eugen.perger(at)researchpartners.ch | Buy |
| Zürcher Kantonalbank Sven Bucher T: +41 44 292 35 35 sven.bucher(at)zkb.ch | Buy |
BKW aims to maintain this information up to date. However, no claim is made that the data is up to date or complete. The valuations, judgements and expectations expressed in the analysts’ reports do not necessarily reflect the opinion of BKW.
Last updated 27.03.2020
Corporate Governance
At BKW, corporate governance adheres consistently to the standards of the Swiss Code of Best Practice.
In addition to the relevant provisions of Swiss Corporation Law, the principles and rules governing corporate governance at BKW are contained in BKW's articles of association, organisational regulations, code of conduct and regulations governing the BKW Board Committees. These documents are regularly reviewed by the Board of Directors and revised in line with changing requirements.
Code of Conduct of the BKW Group: Download here
You can find all our reports in the annual report.
Remuneration Report
In accordance with the introduction of the Ordinance against Excessive Compensation in Listed Stock Companies on 1 January 2014, all information regarding the remuneration of the Board of Directors and the Group Executive Board must now be set out in a Remuneration Report.
Bonds
| Borrower | BKW Ltd |
| Amount of issue | CHF 163'375'000 |
| Date of issue | 30.09.2014 |
| Maturity date | 30.09.2020 |
| Coupon | 0.125% |
| Coupon payment | Annually |
| Issue price | 100% |
| Listing | SIX Swiss Exchange |
| Minimum denomination | CHF 5'000 |
| Security number | 25'359'274 |
| ISIN-Code | CH0253592742 |
Based on the terms of the bond, BKW decided in May 2018 to redeem the convertible bond early on 26 June 2018. The conversion period thus ended on June 18, 2018.
| Borrower | BKW Ltd |
| Amount of issue | CHF 200,000,000 |
| Date of issue | 27.04.2007 |
| Maturity date | 27.04.2022 |
| Coupon | 3.00% |
| Coupon payment | Annually |
| Issue price | 100.525% |
| Listing | SIX Swiss Exchange |
| Minimum denomination | CHF 5,000 |
| Security number | 3035671 |
| ISIN-Code | CH0030356718 |
| Borrower | BKW Ltd |
| Amount of issue | CHF 200'000'000 |
| Date of issue | 15.10.2018 |
| Maturity date | 15.10.2025 |
| Coupon | 0.75% |
| Coupon payment | Annually |
| Issue price | 100.102% |
| Listing | SIX Swiss Exchange |
| Minimum denomination | CHF 5'000 |
| Security number | 43559035 |
| ISIN-Code | CH0435590358 |
[Translate to English:]
| Borrower | BKW Ltd |
| Amount of issue | CHF 300'000'000 |
| Date of issue | 15.10.2010 |
| Maturity date | 15.10.2030 |
| Coupon | 2.500% |
| Coupon payment | Annually |
| Issue price | 100.465% |
| Listing | SIX Swiss Exchange |
| Minimum denomination | CHF 5'000 |
| Security number | 11784374 |
| ISIN-Code | CH0117843745 |
Green bonds are fixed income bonds that use the proceeds of the issue to finance measures to promote positive and reduce negative environmental impacts or to adapt to climate change.
The green bond issue is based on the BKW Green Bond Framework, which is alligned to the 2018 Green Bond Principles (GBPs) of the International Capital Market Association. Alignment of the BKW Green Bond Framework with the Green Bond Principles was confirmed in a second party opinion by ISS-oekom.
The following analysts regularly publish opinions on BKW and issue rating assessments.
Bank/Analyst |
| Outlook |
Credit Suisse | A | Stable |
UBS AG | A | Negative |
Zürcher Kantonalbank | A | Stable |
BKW aims to maintain this information up to date. However, no claim is made that the data is up to date or complete. The valuations, judgements and expectations expressed in the analysts’ reports do not necessarily reflect the opinion of BKW.
Last updated 27.03.2020
| Borrower | BKW Ltd |
| Amount of issue | CHF 200'000'000 |
| Date of issue | 29.07.2019 |
| Maturity date | 29.07.2027 |
| Coupon | 0.25% |
| Coupon payment | Annually |
| Issue prive | 100.337% |
| Listing | SIX Swiss Exchange |
| Minimum denomination | CHF 5'000 |
| Security number | 48708729 |
| ISIN-Code | CH0487087295 |
General Meeting
This year’s General Meeting will be held on Friday 15 May 2020.
All information on past General Meetings is available in the Download Centre.
Statutes
Frequently asked questions
The Board of Directors is proposing a dividend of CHF 2.20 per share to the General Meeting for the 2019 financial year. The dividend will be paid out on 22 May 2019. Information on dividend payouts in previous years is available above.
According to Article 4 of the BKW Articles of Association governing attendance and voting at the General Meeting, shareholders who are entered in the shareholders' register 15 days prior to the date of the Annual Shareholders’ Meeting are entitled to attend.
The BKW Inc. share has been listed on the Swiss Stock Exchange SIX since 12 December 2011. Until the end of 2018, the share was also listed on the BX Swiss. The last trading day on the BX Swiss was 28.12.2018.
The BKW FMB Energy Ltd share was listed on the SIX Swiss Exchange from 28 May 2003 and was traded on the BW Berne eXchange since as early as 1 October 1969. BKW FMB Energy Ltd. shares were delisted from the SIX Swiss Exchange and the BX Berne eXchange on 20 April 2012, with 19 April 2012 being the final day for trading BKW FMB Energy Ltd
Our website provides an update of the BKW share price delayed by 30 minutes. You can check the share price performance above.
Ask your bank to purchase BKW shares on your behalf or purchase them directly via online banking. You can find the share information you require above under "Share".