Slide 1: Earnings Release 1H2016
MARTIFER GROUP BUILDING THE TOMORROW TODAY EARNINGS RELEASE 1H2016
Slide 2: Highlights
HIGHLIGHTS
Slide 3: Highlights
HIGHLIGHTS • Revenues reached 106.8 M€ in the 1st half RESULTS ANALYSIS • Positive EBITDA in 4.4 M€ (4 % margin) • Operational segments – Metallic Constructions and Renewables – with a positive operational performance regarding EBITDA ORDER BOOK • Adverse external context – prices of commodities wit
Slide 4: Results Analysis
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Slide 5: Results
HIGHLIGHTS RESULTS RESULTS ANALYSIS M€ HOLDING METALLIC CONSTRUCTIONS RENEWABLES MARTIFER CONSOLIDATED Sales and Services Rendered 0.5 100.7 6.3 106.8 EBITDA 0.3 1.6 2.4 4.4 EBITDA Margin 55% 2% 39% 4% EBIT 0.3 -0.8 -1.0 -1.9 EBIT Margin 55% -1% -15% -2% Financial Results -0.9 -4.3 5.4 0.1 ORDER BOO
Slide 6: Capex and Net Debt
HIGHLIGHTS CAPEX AND NET DEBT RESULTS ANALYSIS CAPEX NET DEBT (M€) 300 285 283 0% 19% 260 Metallic Constructions 247 250 Renewables + 281 M€ ORDER BOOK Non-Current 200 Other Gross Debt 81% + 13 M€ 150 Current Gross Debt Total Capex of 1.7 M€, FUTURE PROSPECTS 100 - 47 M€ mainly resulting from the Ca
Slide 7: Balance Sheet
HIGHLIGHTS BALANCE SHEET RESULTS ANALYSIS 700 SOLVENCY RATIO (Equity + Non current Liabilities) / Non current Assets 600 Non 500 Current Equity + 1.4 1.4 ORDER BOOK Assets Non 232 Current 400 Liabilities 314 2015 1H2016 300 FUTURE PROSPECTS LIQUIDITY RATIO Current Assets / Current Liabilities 200 Cu
Slide 8: Balance Sheet
HIGHLIGHTS BALANCE SHEET RESULTS ANALYSIS M€ JUNE-16 Non current Assets: Intangible Assets (including Goodwill) 13.5 Tangible fixed assets 139.5 Financial Investments (Including Investment properties and Available for sale investments) 38.8 Other non-current receivables 34.0 Deferred tax assets 5.7
Slide 9: Order Book
ORDER BOOK
Slide 10: Martifer Metallic Constructions | Order Book
HIGHLIGHTS MARTIFER METALLIC CONSTRUCTIONS | ORDER BOOK RESULTS ANALYSIS 13% 33% 13% ORDER BOOK 10% FUTURE PROSPECTS 31% Algeria Sub-Saharan Africa Eastern Europe and the Middle East TOTAL ORDER BOOK Western Europe Western Europe (Naval) 269 M€ 10 EARNINGS RELEASE 1H2016
Slide 11: Martifer Metallic Constructions | Operational Activity
HIGHLIGHTS MARTIFER METALLIC CONSTRUCTIONS | OPERATIONAL ACTIVITY RESULTS ANALYSIS Martifer Metallic Construction currently has several relevant projects in its order book: ORDER BOOK ITER, Cadarache, France Faro Airport, Portugal Wind towers FUTURE PROSPECTS Midland Metropolitan Hospital, Birmingha
Slide 12: Martifer Renewables | Projects
HIGHLIGHTS MARTIFER RENEWABLES | PROJECTS RESULTS ANALYSIS PROJECTS UNDER DEVELOPMENT: 240.7 PROJECTS IN OPERATION: 7.23 MWn/8.12 MWp (PV) ROMANIA PROJECTS IN OPERATION: PROJECTS IN OPERATION: 53.8 MW ORDER BOOK 42.0 MW PROJECTS UNDER DEVELOPMENT: 149 MW under construction FUTURE PROSPECTS PORTUGAL
Slide 13: Future Prospects
FUTURE PROSPECTS
Slide 14: Future Prospects
HIGHLIGHTS Reinforcement of the international presence, focusing on core geographies and on attractive opportunities profitable above average RESULTS ANALYSIS Reinforcement of the order book in the Naval and Aluminium areas; asset rotation strategy in the Renewables segment Debt reduction thro
Slide 15: Representative for Market Relations
HIGHLIGHTS REPRESENTATIVE FOR RESULTS ANALYSIS MARKET RELATIONS Pedro Moreira T. +351 232 767 702 F. +351 232 767 750 ORDER BOOK www.martifer.com FUTURE PROSPECTS 15 EARNINGS RELEASE 1H2016