Tecnicas Reunidas Sa · BME:TRE
Tecnicas Reunidas Sa — FY2017 Earnings Presentation
11 slides from Tecnicas Reunidas Sa's earnings presentation, Feb 27, 2018
Slide 1: Full Year 2017 Results Presentation
FULL YEAR 2017 RESULTS PRESENTATION February 27th 2018 Juan Lladó CEO 1
Slide 2: Disclaimer
DISCLAIMER This document has been prepared by Técnicas Reunidas S.A. (the Company) solely for use at presentations held in connection with the announcement of the Company's results for the year 2017. This document contains forward-looking statements of the Company and/or its management. These forwar
Slide 3: Awards Results FY 2017
AWARDS RESULTS FY 2017 2017 B€ Fisterra Energy: EPC for Tierra Mojada combined cycle power plant. A new client Nova Chemicals: EPm for polyethylene plant. A new 5 year average client €4.4Bn SOCAR: EPCm for upgrading of Heyday Aleyev refinery. A recurrent client Saudi Aramco: EPC for Haradh and Hawiy
Slide 4: Recent Awards
RECENT AWARDS RESULTS FY 2017 AST2 Polyethylene Plant Heyday Aleyev Refinery EPm contract for a greenfield polyethylene plant in Ontario, EPCm contract with conversion to LSTK for the Canada modernisation and reconstructrion of Heydar Aliyev refinery Increase of high and low density polyethylene pro
Slide 5: Recent Awards
RECENT AWARDS RESULTS FY 2017 Sitra Refinery Haradh and Hawiyah fields Turnkey contract for the Modernization of the Sitra Three turnkey contracts for the Gas Compression refinery Program in Saudi Arabia Expansion of the capacity to improve the monetization The project will improve and sustain gas p
Slide 6: Backlog
BACKLOG RESULTS FY 2017 B€ 6.4 8.4 12.1 10.6 9.9 10.8* Backlog replaced In quantity With world-class projects 2013 2014 2015 2016 2017 2018 YTD *YTD 2018 backlog includes FY 2017 plus the Bahrein refinery project 6
Slide 7: Backlog Geographical Split
BACKLOG GEOGRAPHICAL SPLIT RESULTS FY 2017 20% 21% Strong presence in most resilient 2013 market: Middle East 25% 34% Recurrent customers: a 10% consequence of good execution 13% Strong bidding pipeline, with 2% 2018 YTD more diversified opportunities by industries and regions Backlog 74% Middle Eas
Slide 8: Financial Results
FINANCIAL RESULTS RESULTS FY 2017 PROFIT AND LOSS Impacts in margins: € Million 2017 2016 Var. Delays in project sanctioning Revenues 5,067.9 4,792.6 6% and unexpected cancellation of EBITDA 121.9 211.0 -42% EBIT 100.4 191.9 -48% awards results in idleness Margin 2.0% 4.0% Uncertainty of recovery of
Slide 9: Net Cash Position
NET CASH POSITION RESULTS FY 2017 M€ Demanding contractual terms in 488 the Middle East 413 Customers cash constraints Lower down payment balance 225 231 TR customers are among the 218 largest and the most reliable 2016 1Q2017 2Q 2017 3Q 2017 2017 9
Slide 10: Guidance and Outlook
GUIDANCE AND OUTLOOK RESULTS FY 2017 GUIDANCE Sales: €4.3 - 4.6 bn 2018 EBIT margin: 1.5% - 2.5%, progressive improvement along 2018 Commitment to shareholder remuneration policy MARKET Solid investment drivers in oil, gas and petrochemicals Strong bidding pipeline, with more diversified opportuniti
Slide 11: Tecnicas Reunidas
fi TECNICAS REUNIDAS