Tecnicas Reunidas Sa · BME:TRE
Tecnicas Reunidas Sa — Q1 2011 Earnings Presentation
13 slides from Tecnicas Reunidas Sa's earnings presentation, May 13, 2011
Slide 1: 2011 First Quarter Results Presentation
TECNICAS REUNIDAS Juan Lladó CEO 2011 First Quarter Results Presentation 13th of May 2011
Slide 2: Index
INDEX TECNICAS REUNIDAS ¾ BACKLOG & AWARDS ¾ 1Q 2011 FINANCIAL RESULTS 1
Slide 3: 1Q 2011 Backlog
1Q 2011 BACKLOG Backlog €m 7.000 6.000 5,730 5,379 4,713 4,711 4,820 5.000 4.000 3.000 2.000 1.000 0 2007 2008 2009 2010 1Q 11 Oil and gas Power 2
Slide 4: 1Q 11 Backlog Analysis by Award Date and Geography
1Q 11 BACKLOG ANALYSIS BY AWARD DATE BY GEOGRAPHY Europe 7% Spain 17% 34% Rest of 2% Middle East 10% 16% Saudi ROW 60% Arabia 22% 31% ≤ 2008 2009 2010 2011 3
Slide 5: 1Q 11 Backlog Analysis by Contract Type and Client
1Q 11 BACKLOG ANALYSIS BY CONTRACT TYPE BY CLIENT IOCs 6% 37% 49% NOCs 52% 45% UTILITIES & OTHERS OBE LSTK OTHER 11% 4
Slide 6: 1Q 2011 Awards: TAN Project, Australia
1Q 2011 AWARDS TAN Project, Australia Highlights ¾ EPC for the TAN (Technical Ammonium Nitrate) project in Australia, led by Yara. ¾ Project includes: wet ammonium nitrate unit, nitric acid unit and TAN prilling plant. ¾ TR’s technology and know-how used for the liquid ammonium nitrate and nitric ac
Slide 7: Backlog & Awards / 1Q 2011 Financial Results
TECNICAS REUNIDAS ¾ BACKLOG & AWARDS ¾ 1Q 2011 FINANCIAL RESULTS 6
Slide 8: Sales and EBITDA Growth
SALES AND EBITDA GROWTH SALES EBITDA €m €m 3.000 2.771 2.634 180 163 156 2.500 150 2.000 120 1.500 +2.0% 90 +3.8% 1.000 60 673 686 40 41 500 30 0 0 2009 2010 1Q 10 1Q 11 2009 2010 1Q 10 1Q 11 7
Slide 9: Financial Results
FINANCIAL RESULTS Profit and Loss Account 1Q 11 1Q 10 Var. 2010* € million Revenues 686.3 672.5 2.0% 2,771.4 41.1 39.6 3.8% 162.9 EBITDA 6.0% 5.9% 5.9% Margin 39.2 38.3 2.5% 155.5 EBIT Margin 5.7% 5.7% 5.6% Net Financial Results -3.9 4.7 10.4 Profit Before Taxes 35.8 42.8 -16.4% 163.4 Taxes -5.1 -4.
Slide 10: Net Profit: Non Recurrent Factors
NET PROFIT: NON RECURRENT FACTORS FX effects in Financial Expense Net Profit Excl. FX & Tax Effects €m €m 10 50 +8.7% 40 35,9 5 33,0 3,3 30 0 20 1Q 10 1Q 11 -5 10 -6,0 0 -10 1Q 10 1Q 11 • 1Q 11: Net profit adjusted for FX effects • 1Q 10: also adjusted for final 2010 corporate tax 9
Slide 11: Net Cash Position and Dividends
NET CASH POSITION AND DIVIDENDS ¾ 1Q 2011 Net cash position: € 549 million ¾ 2010 Dividend: € 1.34 per share €m 900 DPS progression 796 €/Share CAGR 20% 1.5 575 549 1.3 600 525 1.1 *0.68 0.65 0.68 0.9 300 0.7 0.52 0.5 0.34 0.3 0.64 0.66 0.66 0.45 0.30 0 0.1 2008 2009 2010 1Q 11 2007 2008 2009 2010 2
Slide 12: Disclaimer
Disclaimer This document has been prepared by Tecnicas Reunidas S.A. (the Company) solely for use at presentations held in connection with the announcement of the Company's results for the first quarter of 2011. This document contains forward-looking statements of the Company and/or its management.
Slide 13: UNIDAS
y UNIDAS