Slide 1: 9M 2015 results - Partner in a changing world
9M 2015 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: Main business highlights
Main business highlights ENERGY Stringing STRINGING KEEP ON GROWING BUT AT A SLOWER PACE COMPARED TO THE PREVIOUS QUARTERS. Automation GROWTH TREND CONFIRMED WITH RELEVANT PROJECTS IN SOUTH AMERICA AND EASTERN EUROPE. CONSOLIDATION OF THE NEW DEVELOPMENTS. TRENCHERS GROWING OPPORTUNITIES IN THE TELE
Slide 4: 9M 2015 Economic Results
9M 2015 Economic Results year-on-year statutory figures GROUP (€ mln) 9M2015 9M2014 Delta % Revenues 120,2 81,0 48,4% ENERGY 9M20159M2014Delta % EBITDA 16,7 12,6 32,5% Revenues 58,2 33,7 72,7% % on Revenues 14% 16% EBITDA 9,4 6,1 54,1% EBIT 9,3 6,7 38,8% % on Revenues 16% 18% % on Revenues 8% 8% Pro
Slide 5: 9M 2015 Economic Results - organic growth
9M 2015 Economic Results organic growth statutory Marais Marais non- organic organic * GROUP (€ mln) 9M2015 recurring recurring 9M2015 9M2014 Δ% Revenues 120,2 11,0 / 109,2 81,0 34,8% EBITDA 16,7 0,1 2,1 14,5 12,6 15,1% % on Revenues 14% 1% 13% 16% EBIT 9,3 -0,9 2,1 8,1 6,7 20,9% % on Revenues 8% -8
Slide 6: Revenues by geography
Revenues 9M2014 9M2015 INTERNATIONAL SCALE AND EXPOSURE TO GROWING ECONOMIES 14% 7% 26% 21% Italy 17% Europe 8% 39% Middle East 4% BRICs and Oceania 10% Africa 12% North-Central America 27% 15% 6
Slide 7: EBITDA 9M 2015
EBITDA 9M 2015 55 50 45 40 35 30 25 (23,9) 20 (6,7) 15 (5,7) (0,5) 0,1 2,1 10 39,2 16,7 5 12,6 0 EBITDA Revenues Raw Cost for Personnel Equity Capitalized Marais non- EBITDA 9M2014 materials & Services Costs Investments R&D recurring 9M2015 other costs Expenses EBITDA increases less than proportiona
Slide 8: 9M 2015 Financial Results
9M 2015 Financial Results statutory organic Marais 2014 Financial Information (Euro mln) 9M2015 9M2015 Net Working Capital 57,9 1,8 56,1 57,9 Non Current assets 83,4 14,0 69,4 65,3 Other Long Term assets/liabilities (1,8) (0,4) (1,5) (1,7) Net Invested Capital 139,5 15,4 124,0 121,5 Net Financial In
Slide 9: Working Capital Evolution
Working Capital Evolution Working Capital Evolution 100 10,6 80 5,4 (0,7) 60 (7.8) (7.5) 40 57,9 57,9 20 0 2014 Inventories WIP Trade Trade Other current 9M2015 Net Working Receivables Payables ass. / liab. Net Working capital capital statutory organic Days Days Marais 2014 Euro Mln 9M2015 9M2015 9M
Slide 10: Net Financial Position Evolution
Net Financial Position Evolution Operating Net Financial Position without figurative debt for Grassobbio premises 90 IAS17 75 13,6 18,1 IAS17 60 18,9 (17,6) 1,3 2,4 3,9 11,4 45 (1,0) 68,6 30 54,5 15 0 NFP OFCF NWC Other Dividend Int.exp. Taxes Marais NFP FY 2014 capex Net paid net acquisition 9M2015
Slide 11: Order Book 9M 2015
ENERGY Order Book 9M 2015 € mln 60 58,2 45,2 45 32,7 TRENCHERS 30 19,7 € mln 15 80 72,2 0 58,9 Order 9M2015 Order Order 60 book Revenues Intake book FY 2014 9M2015 40,3 40 27,0 20 RAILWAY € mln 0 10 Order book 9M2015 Order Intake Order book FY2014 Revenues 9M2015 8,3 19,7 5,9 5,5 68,3 5 40,3 mln 3,1
Slide 12: Outlook 2015
Outlook 2015 Revenues Euro 45% REVENUES: rising revenues enhanced by: 55% ENERGY: confirmation of the growth in the Automation segment. USD TRENCHERS: growth especially in: - telecom: Marais boost, opportunities in Europe, West Africa and Australia - civil works: medium term full service contracts i
Slide 13: Summary 9M 2015 Profit & Loss statement
Summary 9M 2015 Profit & Loss statement Profit & Loss Account (€ mln) 9M2015 9M2014 Delta Delta % Net Revenues 120,2 81,0 39,2 48,4% Raw materials costs (-) (61,8) (37,8) (24,0) 63% Cost for services (-) (20,9) (13,7) (7,2) 53% Personnel Costs (-) (24,5) (18,8) (5,7) 30% Other operating revenues/cos
Slide 14: Summary 9M 2015 Balance Sheet
Summary 9M 2015 Balance Sheet Balance Sheet (€ mln) 9M2015 2014 Inventory 60,8 55,4 W ork in progress contracts 4,5 5,2 Accounts receivable 51,8 41,3 Accounts payable (-) (41,9) (34,2) Op. working capital 75,2 67,7 Other current assets (liabilities) (17,3) (9,8) Net working capital 57,9 57,9 Tangibl
Slide 15: 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