Talgo Sa · BME:TLGO

Talgo Sa — Q3 2017 Earnings Presentation

12 slides from Talgo Sa's earnings presentation, Nov 15, 2017

  1. Slide 1: Talgo 2017 3Q Results

    Talgo 2017 3Q Results November 15th, 2017 0

  2. Slide 2: Table of content

    Table of content 1. Third Quarter 2017 in review (Jose María de Oriol, CEO) 2. Financial Highlights (Eduardo Fernández-Gorostiaga, CFO) 3. Outlook 2017 update (Jose María de Oriol, CEO) APPENDIX 1

  3. Slide 3: In third quarter Talgo has successfully executed ongoing projects delivering best-in-class profitability ratios

    1. In third quarter Talgo has successfully executed ongoing projects delivering best-in-class profitability ratios  Net Revenues reached 300 €m in 9M2017 (85 €m in 3Q2017), reflecting the current Revenues manufacturing stage of the main manufacturing contracts under execution.  Successful maintena

  4. Slide 4: Increased order book on the back of a strong commercial activity

    2. Increased order book on the back of a strong commercial activity Stronger order intake to recover the backlog… 1.4x Book to Bill ratio  Talgo signed in 3Q2017 the Spain VHS contract extension which included 15 additional VHS trains with variable gauge system to be operated in corridors with both

  5. Slide 5: Table of content

    Table of content 1. Third Quarter 2017 in review (Jose María de Oriol, CEO) 2. Financial Highlights (Eduardo Fernández-Gorostiaga, CFO) 3. Outlook 2017 update (Jose María de Oriol, CEO) APPENDIX 4

  6. Slide 6: High margins driven by product mix and operational excellence

    High margins driven by product mix and operational excellence Revenues (€m)  Revenues reached 300 €m. in 9M2017 (85 €m in 444.5 3Q2017). 357.1 300.0  Contracted manufacturing backlog reflects manufacturing cycle with lower revenue recognition.  Maintenance services on track, providing a solid rev

  7. Slide 7: Table of content

    Table of content 1. Third Quarter 2017 in review (Jose María de Oriol, CEO) 2. Financial Highlights (Eduardo Fernández-Gorostiaga, CFO) 3. Outlook 2017 update (Jose María de Oriol, CEO) APPENDIX 6

  8. Slide 8: Delivering on time execution with higher profitability ratios

    Delivering on time execution with higher profitability ratios Outlook june - 2017 Performance 3Q 2017 Outlook update FY2017  Manufacturing execution:  Revenues expected to reflect industrial activity driven by  Backlog execution and scheduled manufacturing manufacturing pace and revenue recogniti

  9. Slide 9: Table of content

    Table of content 1. First Quarter 2017 in review (Jose María de Oriol, CEO) 2. Financial Highlights (Eduardo Fernández-Gorostiaga, CFO) 3. Outlook 2017 (Jose María de Oriol, CEO) APPENDIX 8

  10. Slide 10: Appendix 1. Profit & Loss - Accumulated

    Appendix 1. Profit & Loss - Accumulated Profit & Loss Account (€m) 9M17 9M16 9M15 % Change Total net turnover 300.0 444.5 357.1 (32.5%) Other income 2.3 4.4 6.8 (47.5%) Procurement costs (117.4) (257.1) (168.7) (54.3%) Employee welfare expenses (78.0) (73.5) (73.8) 6.1% Other operating expenses (39.

  11. Slide 11: Appendix 2. Profit & Loss - QoQ

    Appendix 2. Profit & Loss - QoQ Profit & Loss Account (€m) 3Q17 2Q17 1Q17 % Change Total net turnover 85.0 94.1 121.0 (9.7%) Other income (1.6) 2.7 1.2 (159.5%) Procurement costs (25.4) (35.9) (56.1) (29.4%) Employee welfare expenses (26.3) (26.3) (25.3) 0.0% Other operating expenses (12.3) (13.4) (

  12. Slide 12: Disclaimer

    Disclaimer This presentation has been prepared and issued by Talgo, S.A. (the “Company”) for the sole purpose expressed therein. Therefore, neither this presentation nor any of the information contained herein constitutes an offer sale or exchange of securities, invitation to purchase or sale shares

Talgo — Q3 2017 Earnings Presentation on 6ix