Slide 1: 1Q 2016 results: Partner in a changing world
1Q 2016 results Partner in a changing world
Slide 2: Solutions partner for your world
We focus on strategic markets for the growth and modernization of every country. Solutions partner for your world Tesmec designs, manufactures and sells products, technologies and integrated solutions for the construction, maintenance and efficiency of infrastructures related to the transport and di
Slide 3: Strategy and growth drivers
Strategy and growth drivers Convergence between power grids and telecom networks Growing interest in renewable energy and sustainability aspects Increase in efficiency spending for a rising global energy demand Integrated technological platforms for TELECOM and ENERGY Automatic fiber optic and energ
Slide 4: Strategy and growth drivers
Strategy and growth drivers Increasing demand of integrated systems rather than a single equipment Particular attention to specialist services to face customers’ requests Complete range of solutions for construction, maintenance and management of infrastructures FROM supplier of equipment TO solutio
Slide 5: Complete working systems
Fiber optic & cable installation INTEGRATED WORKING SOLUTIONS BOTH FOR FTTH AND LONG DISTANCE APPLICATIONS TIME AND COST SAVINGS, GREEN APPROACH, REDUCED IMPACT ON SITE AND SAFETY FIRST Complete working systems From telecommunications to and power infrastructures we COLLABORATIONS AND PROJECTS WITH
Slide 6: Bauma exhibition
Bauma exhibition Bauma is the largest meeting place to find international market leaders and the biggest hub for the construction machinery industry into all markets. Tesmec had the great pleasure to showcase its latest technologies and advanced solutions for energy and telecommunication world. 6
Slide 7: Smart Technologies for transport of energy
Energy Automation PROTECTIONS AND ELECTRONICS FOR DISTRIBUTION ELECTRONIC DEVICES FOR TELECOMMUNICATION, Smart Technologies for TELEPROTECTION AND REMOTE CONTROL transport of energy These acquisitions represent a significant step in the growth process in the energy world and allow the Group to ELECT
Slide 8: Strategy and growth drivers
Strategy and growth drivers Growing pressure on safety issue (e.g. signaling and train control, vehicles able to perform without line interruption) Focus on green and environmental aspects Efficiency first (e.g. vehicles able to perform without line interruption) Advanced railcars in compliance with
Slide 9: 1Q2016 Economic Results
1Q2016 Economic Results GROUP 1Q2016 1Q2015 Delta % Revenues 40,5 34,4 17,5% ENERGY 1Q20161Q2015Delta % EBITDA 5,4 4,4 21,8% Revenues 10,4 19,5 -46,6% % on Revenues 13% 13% EBITDA 2,0 3,5 -42,9% % on Revenues 19,0% 17,8% EBIT 2,5 2,4 4,2% % on Revenues 6% 7% TRENCHERS 1Q20161Q2015Delta % DIE -1,4 2,
Slide 10: Revenues 1Q2016 vs 1Q2015 by region
Revenues 1Q2016 1Q2015 INTERNATIONAL SCALE AND EXPOSURE TO GROWING ECONOMIES 13% 7% 10% 24% Italy Europe 15% 25% 38% Middle East 4% BRICs and Oceania 11% Africa North-Central America 22% 16% 15% 10
Slide 11: EBITDA 1Q2016
EBITDA 1Q2016 14 12 6,1 10 (0,1) 8 (2,0) 6 (2,0) (0,1) (0,1) 0,8 4 5,4 2 4,4 0 EBITDA Revenues Raw Cost for Personnel Equity Capitalized Other EBITDA 1Q2015 materials & Services Costs Investments R&D operating 1Q2016 other costs Expenses cost/revenues EBITDA increases more than proportionally 1Q2015
Slide 12: 1Q2016 Financial Results
1Q2016 Financial Results Financial Information (Euro mln) 1Q2016 2015 Net Working Capital 80,6 63,5 Non Current assets 81,8 83,9 Other Long Term assets/liabilities (1,2) (1,7) Net Invested Capital 161,2 145,7 Net Financial Indebtness 107,1 89,9 Equity 54,1 55,8 Total Sources of Financing 161,2 145,7
Slide 13: Working Capital Evolution
Working Capital Evolution Working Capital Evolution (0,3) 12,3 1,2 1,1 75 (5,1) 50 80,6 63,5 25 0 2015 Inventories WIP Trade Trade Other current 1Q2016 Net Working Receivables Payables ass. / liab. Net Working capital capital Days Days Euro Mln 1Q2016 2015 1Q2016 2015 Trade Receivables 63,2 50,9 141
Slide 14: Net Financial Position Evolution
Net Financial Position Evolution Operating Net Financial Position without figurative debt for Grassobbio premises IAS17 120 IAS17 18,6 100 2,5 0,1 18,9 17,1 4,6 80 60 6,8 40 89,6 72,1 20 0 NFP OFCF NWC Bertel Int.exp. Taxes NFP FY2015 acquisition net 1Q2016 NFP increase has been mainly influenced by
Slide 15: Order Book 1Q2016
ENERGY Order Book 1Q2016 € mln 21.5 TRENCHERS 17.8 20 € mln 14.1 50 10.4 40 10 45.7 38.8 30 29.2 0 20 22.3 Order 1Q2016 Order Order book Revenues Intake book 10 FY 2015 1Q2016 0 Order book 1Q2016 Order Intake Order book FY2015 Revenues 1Q2016 RAILWAY € mln 10 8.2 7.7 21,5 68.5 5 38,8 mln 8,2 0.8 1.3
Slide 16: Outlook 2016
Outlook 2016 OPPORTUNITIES INCREASING DEMAND OF MODERNIZATION OF POWER GRIDS WORLDWIDE PROJECTS OF GRIDS INTERCONNECTION AND INTEGRATION OF RENEWABLE ENERGIES IN THE NETWORKS GROWING OPPORTUNITIES IN THE TELECOM AND FIBER OPTIC MARKET BOTH FTTH AND LONG DISTANCE THREATS GROWING PRESSURE ON ENVIRONME
Slide 17: Summary 1Q2016 Profit & Loss statement
Summary 1Q2016 Profit & Loss statement Delta vs Profit & Loss Account (€ mln) 1Q2016 1Q2015 Delta % 2015 Net Revenues 40,5 34,4 6,1 17,5% Raw materials costs (-) (17,8) (17,7) (0,1) 1% Cost for services (-) (7,7) (5,7) (2,0) 35% Personnel Costs (-) (9,4) (7,4) (2,0) 27% Other operating revenues/cost
Slide 18: Summary 1Q2016 Balance Sheet
Summary 1Q2016 Balance Sheet Balance Sheet (€ mln) 1Q2016 2015 Inventory 62,8 62,7 Accounts receivable 63,2 50,9 Accounts payable (-) (34,0) (39,0) Op. working capital 92,0 74,6 Other current assets (liabilities) (11,4) (11,1) Net working capital 80,6 63,5 Tangible assets 60,5 65,3 Intangible assets
Slide 19: Disclaimer
Disclaimer The Manager responsible for preparing the company’s financial reports, Andrea Bramani, declares, pursuant to paragraph 2 of Article 154-bis of the Consolidated Law on Finance, that the accounting information contained in this presentation corresponds to the document results, books and acc