Slide 1: Integrated Solutions Provider - 2021.9M Results Presentation
Integrated Solutions Provider 2021.9M Results Presentation
Slide 2: Index
Index 0. Tesmec Group at a glance 1. Strategic overview 2. 2021.9M Results 3. Outlook 4. ANNEX
Slide 3: Tesmec Group at a glance
————— €TESMEC Tesmec Group at a glance
Slide 4: Integrated Solutions Provider for Energy and Data transport
Integrated Solutions Provider for Energy and Data transport PURPOSE Consolidate the position as a solution provider in the reference markets driven by the trends of energy transition, digitalization, and sustainability. Vision Mission Value proposition Strategy To be a technological To operate in th
Slide 5: Tesmec Group at a glance
Tesmec Group at a glance ENERGY - STRINGING RAILWAY 70 +900 10 YEARS PEOPLE MANUFACTURING of experience PLANTS ▪ Solutions for power lines ▪ Catenary lines construction & construction & maintenance maintenance ▪ Advanced methodologies for ▪ Diagnostic vehicles and systems automating jobsite ▪ Integr
Slide 6: Energy Stringing
Energy Stringing ▪ SOLUTIONS FOR POWER LINES CONSTRUCTION & MAINTENANCE T&D POWER LINES ▪ ADVANCED METHODOLOGIES FOR AUTOMATING JOBSITE ▪ ZERO EMISSIONS MACHINES 05 November 2021 6
Slide 7: Energy Automation - Fields of application
Energy Automation - Fields of application ▪ PROTECTION & MONITORING SMART GRIDS ▪ REMOTE CONTROL ▪ SERVICE TELECOMMUNICATIONS ▪ SMART METERING 05 November 2021 7
Slide 8: Trenchers - Fields of application
Trenchers - Fields of application ▪ TELECOM NETWORKS, FTTH & LONG DISTANCE UNDERGROUND INFRASTRUCTURES ▪ POWER CABLE INSTALLATION & RENEWABLES ENERGIES ▪ BULK EXCAVATION, QUARRIES & SURFACES MINING ▪ OIL & GAS, WATER PIPELINES 05 November 2021 8
Slide 9: Railway - Fields of application
Railway - Fields of application ▪ CATENARY INSTALLATION RAILWAY LINES ▪ MAINTENANCE OF RAILWAY LINES ▪ DIAGNOSTIC OF RAILWAY INFRASTRUCTURES ▪ SMART PLATFORMS FOR BIG DATA MANAGEMENT 05 November 2021 9
Slide 10: History of Innovation
History of Innovation Strengthening the Service and From Expansion Rental Business Investments & FAMILY strategy in acquisitions to Company the TRENCHER to PUBLIC RAILWAY BUSINESS complete the product line Company business MODEL portfolio for development SMART GRIDS INTEGRATION solutions & Investmen
Slide 11: Strategic overview
————— €TESMEC Strategic overview
Slide 12: 70th Anniversary - Industrial tradition, digital innovability
70° ANNIVERSARY INDUSTRIAL TRADITION Exclusive events to celebrate the history of the Group and the new positioning of the brand, driven by the sustainable innovation ▪ Change management DIGITAL INNOVABILITY ▪ Strategic positioning ▪ Brand reputation 05 November 2021 12
Slide 13: Strategic ESG growth path
Strategic ESG growth path SUSTAINABLE IMPLEMENTATION STIMULUS PACKAGE INNOVATION ACTIVITIES Generate positive impacts from Integration of the Sustainability the main stimulus packages in the 4.0 industry paradigm plan in the industrial plan key countries where the Group operates ▪ Sustainability pla
Slide 14: Sustainability as key strategic driver
Sustainability as key strategic driver MARKET Work in progress - BUSINESS PLAN & SUSTAINABILITY PLAN DRIVERS STRATEGIC ACTIONS TARGETS SDGs DIGITALIZATION Increase the % of Solution provider & system Green & digital integrator solutions PEOPLE Business model Climate Change mitigation diversification
Slide 15: Sustainability as key strategic driver
Sustainability as key strategic driver PRIORITY TOPICS TASKS (in progress or delivered) ▪ Designation of a Sustainability Manager and a team focused on sustainability topics Ethic and sustainable ▪ Designation of a Control, Risks and Sustainability Committee and Procedure for Related governance Part
Slide 16: Energy
Energy Development of sustainable solutions for new generation grids, integrated with renewable energy sources. INCREASING NEEDS OF STRATEGIC POSITIONING STRONG & SMART GRIDS IN A GROWING MARKET ▪ The global energy development pattern is ▪ Key player in the experiencing substantial changes (distribu
Slide 17: Railway
Railway Diagnostic vehicle in Lithuania with six diagnostic systems including the ultrasonic system. FOCUS ON SUSTAINABLE MOBILITY AND STRATEGIC POSITIONING SAFETY OF INFRASTRUCTURES IN A GROWING MARKET ▪ 2021 European Rail year ▪ Certificated rail cars ▪ Investments in maintaining and renewing the
Slide 18: Trencher
Trencher Fiber optic jobsite in UK using Clean&Fast sustainable technology INCREASING NEEDS OF STRATEGIC POSITIONING INTERCONNECTION NETWORKS IN A GROWING MARKET ▪ Interconnection projects in renewable energy ▪ Complete valClean&Fast technologies sites compared to standard technology ▪ Need to speed
Slide 19: 2021.9M Results
————— €TESMEC 2021.9M Results
Slide 20: 9M Milestone and Key Facts
9M Milestone and Key Facts ▪ Growing economy ▪ Push to new investments thanks to stimulus packages in developed Countries (Europe, Market USA), especially in market segments where Tesmec operates scenario ▪ Increase of prices due to inflation ▪ Critical issues linked to travel blocks and restriction
Slide 21: Outlook 2021.9M: Energy Automation
Outlook 2021.9M: ENERGY AUTOMATION Awarded tenders with Italian DSO: consolidation of strategic positioning in the distribution market New opportunities in foreign countries: positive perspective of growth in the HV segment SMART GRID TELECOMMUNICATION Strong focus on systems engineering: progress t
Slide 22: Outlook 2021.9M: Stringing
Outlook 2021.9M: STRINGING The new Continuous Linear Puller for the first time on jobsite in France on a RTE-Eiffage project A successfull cooperation with Serpollet introduces the new full electric machine in France PE1150 first jobsite in France CLP first experience in Europe Promotion of the full
Slide 23: Outlook 2021.9M: Rail
Outlook 2021.9M: RAIL Diagnostic self-propelled vehicle equipped with 6 systems including the ultrasonic system thanks to technological partners Sustainability: full electric solutions for catenary maintenance Digitalization: the most advanced systems for railway infrastructure Diagnostic Diagnostic
Slide 24: Outlook 2021.9M: Trencher
Outlook 2021.9M: TRENCHER Clean & Fast fiber optic deployment in UK rural areas and protected environment Water pipeline project development for local communities (Bergamo area) FIBER OPTIC WATER Innova70 consortium to develop innovative solutions for detection and digital mapping New mining project
Slide 25: 2021.9M Closing
2021.9M Closing (1) Revenues: In line with 2019.9M although Delta GROUP (€ mln) 2021.9M 2020.9M impacted by the supply chain and logistic vs.20 criticalities REVENUES (1) 144,2 116,8 23,5% (2) EBITDA: positive impact by the Energy and EBITDA (2) (3) 21,2 15,7 34,9% Railways business particularly the
Slide 26: 2021.9M Closing – Business Breakdown
2021.9M Closing – Business Breakdown (€ mln) Energy > Rebound compared to 2020.9M and better than 2019.9M 36,5 +25,0% and lead by the Energy industry trend 29,2 +76,6% 6,7 3,8 > EBITDA: impacted by Energy Automation performance and the improvement of the Stringing segment after years of Revenues EBI
Slide 27: Backlog
BACKLOG Euro/mln BACKLOG 30/06/2021 Sales 2021.Q3 Intake 2021.Q3 30/09/2021 (1) Of which Euro 69,5 million by Energy Automation and new 81,1 (1) 84,6 16,5 opportunities in hi-tech 13,0 Energy content business (2) Restart of the activities in the TRS Business and 82,0 (2) 79,2 the investments Trenche
Slide 28: Revenues by geographical area
2021.9M Revenues: sales spread over different geographical area REVENUE BY GEOGRAPHY 2021 REVENUE BY GEOGRAPHY 2020 BRIC &Others BRIC &Others 15,4% 20,1% Italy 18,6% Italy 24,8% North & North & Central Central America America 15,0% 23,5% Europe 30,8% Africa 5,8% Europe 26,3% Middle East Africa 7,0%
Slide 29: Revenues: recurring vs non recurring
2021.9M Revenues: recurring vs non recurring REVENUES RECURRING VS NON REVENUES RECURRING VS NON RECURRING 2021.9M RECURRING 2020.9M Non recurring Non recurring 45,2% 48,2% 46,7 M€ 65,2 M€ 79,2M€ 50,2 M€ 56,3 35,9 M€ 60,5 34,9 M€ Recurring Recurring 54,8% 51,8% Recurring: Rental, Projects, Spare Par
Slide 30: 2021.9M EBITDA
2021.9M EBITDA € mln 26,0 24,0 22,0 1,1 21,2 1,5 20,0 2,9 18,0 16,0 15,7 14,0 12,0 10,0 8,0 6,0 4,0 2,0 0,0 2020.9M Energy Trencher Railway 2021.9M 2020.9M Positively impacted by the Energy & Railways business 2021.9M 05 November 2021 31
Slide 31: 2021.9M Financial Results
2021.9M Financial Results Financial Information (€ mln) 2021.9M 2020 Net Working Capital 79,6 64,3 Non Current assets 77,4 76,7 Right of use - IFRS 16/IAS 17 21,2 22,8 Other Long Term assets/liabilities 11,4 10,0 Net Invested Capital 189,6 173,8 Net Financial Indebtness 94,6 82,3 Lease liability - I
Slide 32: 2021.9M Working Capital evolution
2021.9M Working Capital evolution € mln 90 3,0 3,1 (3,2) 80 5,1 7,3 70 60 50 40 79,6 30 64,3 20 10 0 2020 Inventories WIP Trade Trade Other 2021.9M Net Working Receivables Payables current Net Working capital ass. / liab. capital € Mln 2021.9M 2020.FY 2021.9M 2020.FY Trade Receivables 63,4 60,4 114
Slide 33: 2021.9M Net Financial Position Evolution
2021.9M Net Financial Position Evolution € mln • 1H IN LINE WITH QUARTELY DISTRIBUTION COMMENTED Net Financial Position WITH FY 2019 AND 1Q 120,0 RESULTS 116,5 (19,9) 21,9 14,4 2,5 110,0 104,4 22,1 100,0 15,3 94,6 90,0 82,3 80,0 70,0 60,0 2020 IFRS 16 Net debt NWC Capex Change of OFCF Net debt IFRS
Slide 34: 2021.9M Net Financial Position Evolution
2021.9M Net Financial Position Evolution NET FINANCIAL POSITION € mln 143,0 137,8 140 123,8 10,2 11,0 117,7 120 112,5 112,5 115,6 118,0 118,5 116,5* 119,2 114,7 104,4 5,8 6,4 6,7 100 105,0 5,9 97,8 99,8 95,5 96,9 94,6 80 92,6 94,1 82,3 60 40 20 0 2019.Q1 2019.H1 2019.9M 2019 2020.Q1 2020.H1 2020.9M
Slide 35: Outlook
————— €TESMEC Outlook
Slide 36: Outlook
Outlook KEY POINTS WORLD RAILWAY market ▪ Strategic positioning in CAGR 2.3% (2020-2025) SMART GRID market key and growing sectors: telecommunication, smart CAGR 11.8% (2020-2025) grids, renewable energy, mining, railway ▪ Expected positive outlook driven by "Green Deal” on key markets such as US, W
Slide 37: Outlook
Outlook ▪ Positive impact of recovery plans on reference markets of the Group: ▪ ITALY: strong push to business thanks to incentives, especially in Southern Italy ▪ EUROPE: important stimulus packages to boost the recovery ▪ USA: focus on Clean Energy and big high speed railway projects ▪ Momentum o
Slide 38: 2020-2023 Business Plan guidelines
2020-2023 Business Plan guidelines 2019pf 2020pf 2021 2023 Confirmed OLD NEW >> Significant performance of the Energy Automation segment; Stringing TURNOVER 199.6 172.8 segment back to historical performances 275 ~ 290 M€ M€ M€ ~ 220 M€ > 200 M€ >> Focus on recurring revenues (rental & cagr19-23: se
Slide 39: ANNEX
————— €TESMEC ANNEX
Slide 40: Summary 2021.9M Profit & Loss statement - Appendix A
Summary 2021.9M Profit & Loss statement - Appendix A Profit & Loss Account (Euro mln) 2021.9M 2020.9M Delta vs 2020 Delta % Net Revenues 144,2 116,8 27,4 23,4% Raw materials costs (-) (58,1) (49,8) (8,3) 16,7% Cost for services (-) (26,4) (21,0) (5,4) 25,8% Personnel Costs (-) (41,4) (35,3) (6,1) 17
Slide 41: Summary 2021.9M Balance Sheet - Appendix B
Summary 2021.9M Balance Sheet - Appendix B Balance Sheet (€ mln) 2021.9M 2020 Inventory 81,7 74,4 Work in progress contracts 16,3 11,2 Accounts receivable 63,4 60,4 Accounts payable (-) (58,3) (61,4) Op. working capital 103,1 84,6 Other current assets (liabilities) (23,5) (20,3) Net working capital
Slide 42: Notes and Disclaimer
Notes Considering the uncertainty linked to the spread of the COVID-19 virus and the impacts on the global economy, the targets set by the Management may be susceptible to changes. These targets are set in the assumption that the pandemic situation remains stable and / or better in Europe and that i
Slide 43: www.tesmec.com
( TESMEC www.tesmec.com