Slide 1: Salini Impregilo Investor Meeting
1 Salini Impregilo Investor Meeting Impregilo Results at 30 September 2013 14 November 2013
Slide 2: Mission
Mission 2 Salini Impregilo Group specialized in the construction of major, complex infrastructures throughout the world. 9 Month 2013 Results Inspired by the principles of sustainable development the Group uses technological and organisational innovation combined with highly experienced human and ad
Slide 3: Indice
Indice 3 9 Month 2013 Results Strategic & integration update Financial highlights November 2013 Operating highlights
Slide 4: 2013 Campione Nazionale Strategic Accomplishments
2013 Campione Nazionale Strategic Accomplishments 4 1 April-May: Public Tender Offer by Salini for Impregilo March- June: 2 9 Month 2013 Results - Merger developed & approved - Presentation to market June-July: 3 - Debt ratings obtained - Bond successfully launched by Salini September: 4 EGMs of Imp
Slide 5: Campione Nazionale: financing
5 Campione Nazionale: financing Salini financing: 9 Month 2013 Results €400mn 5 Year Bond issued to refinance & extend debt maturities Salini Impregilo Group rated BB by Fitch and S&P €425 mn Term Loan in final stages of negotiation, changing the terms & extending maturity of PTO financing t
Slide 6: Integration activities
6 Integration activities 2013 2014 Macro-activity & operating stream November December January February 9 Month 2013 Results 1. Organizational and personnel structures Re-definition and implementation of the organizational structure, management of union relationships, etc.) 2. IT and Process Systems
Slide 7: Merger/Integration: Corporate Governance
7 Merger/Integration: Corporate Governance Board of Directors − 3 new independent directors elected: an increase of the 9 Month 2013 Results independent component to 12 of 15 board members Corporate Governance Advisory Board − The merged Salini-Impregilo Group will conform to best in class stand
Slide 8: Indice
Indice 8 9 Month 2013 Results Strategic & integration update Financial highlights November 2013 Operating highlights
Slide 9: Impregilo 9M 2013 Key highlights
9 Impregilo 9M 2013 Key highlights Revenue in line with forecasts Key financial figures EBITDA margin = 10.7% (EUR m) 9M 2013 9M 2012 9 Month 2013 Results EBITDA 2012 impacted by extraordinary Revenues 1,739.7 1,718.4 costs related to Panama; Engineering & Plant construction: break EBITDA 185.
Slide 10: Impregilo 9M 2013 Balance Sheet Key highlights
10 Impregilo 9M 2013 Balance Sheet Key highlights Assets sold during 2013: Ecorodovias Key balance sheet figures (€186mn), Cdr Campania (€114 mn) (EUR m) 9M 13 YE 2012 9 Month 2013 Results Working capital. − Q3 increase (circa €250 mn), Fixed Assets 460 439 due to seasonal effect − Cash-in recei
Slide 11: Indice
Indice 11 9 Month 2013 Results Strategic & integration update Financial highlights November 2013 Operating highlights
Slide 12: Commercial activity will drive revenue growth
Commercial activity will drive revenue growth 12 € mn 10,000 9,223 30,000 € mn 1194 25,566 25,000 9 Month 2013 Results 8,252 5,000 20,000 16,848 8,029 5,134 15,000 1,663 6,261 2,691 2,458 362 2,300 1,301 10,000 16,975 0 12703 2008 2009 2010 2011 2012* 2013* 9652 5,000 7764 10315 November 2013 8532 C
Slide 13: Strong commercial activity boosts total backlog to €25.6 bn
Strong commercial activity boosts total backlog to € 25.6 bn 13 Backlog by business segment Backlog by geography 2% 15% 9 Month 2013 Results 32% 1% Construction 47% Italia Plant Europe Concessions Africa 22% Middle East 67% 1% Asia November 2013 Latin America 8% North 5% America - Backlog highly div
Slide 14: New project awards: Riyadh Underground
New project awards: Riyadh Underground 14 Riyadh Underground, Line 3, Saudi Arabia 9 Month 2013 Results ■ Client: Riyadh Development Authority ■ Project value ~ €3.55 bn (circa US$ 5 bn) Civil Works Only November 2013 Description of works: The project envisages the engineering and execution of Riyad
Slide 15: New Project awards: Doha Metro
New Project awards: Doha Metro 15 Doha Metro, Red Line, Qatar ■ Client: Qatar Railways Company 9 Month 2013 Results ■ Value: € 1,8 billion Description of works: November 2013 The “Red Line North” extends over a distance of approximately 13 km northward from Mushaireb station, with the construction o
Slide 16: New Project awards: Libyan Highway
New Project awards: Libyan Highway 16 Ras Ejdyer - Emssad, Highway, Lot 1, Libya 9 Month 2013 Results ■ Cliente: Ras Ejdyer - Emssad Expressway Monitoring Project Management Committee (REEMP) ■ Value: €945 mn November 2013 Description of works: The project consists of the construction of the first l
Slide 17: Commercial Outlook
17 Commercial Outlook Final tender bids made: Infrastructure: UAE, Australia, Qatar Highway: Port of Ancona Highway 9 Month 2013 Results Hospital: Trento Other major tenders/offers underway (already pre-qualified): Undergrounds: Middle East, South America Infrastructure projects: Romania,
Slide 18: Salini Impregilo: Strengths of "Campione Nazionale"
Salini Impregilo: Strengths of “Campione Nazionale” 18 SCALE AND 1 DIVERSIFICATION 2 PROFITABILITY “Campione Nazionale” 3 COMPETITIVENESS Large, solid and profitable Group with strong track record Well diversified global footprint geared towards high growth COMPLEXITY construction markets 4 MANAGEME
Slide 19: Disclaimer
Disclaimer 19 This presentation does not constitute or form part of any recommendation, offer, solicitation or invitation to buy, sell, or invest in any financial instrument issued by Impregilo or Salini in any jurisdiction or country. Investors and prospective investors in securities issued by Impr
Slide 20: November 2013
November 2013 9 Month 2013 Results 20