Alstom Sa · EURONEXT:ALO
Alstom Sa — 9M FY2002 Earnings Presentation
22 slides from Alstom Sa's earnings presentation, Jan 15, 2002
Slide 1: First Nine Months Fiscal Year 2002 Orders and Sales
15 January 2002 First Nine Months Fiscal Year 2002 Orders and Sales
Slide 2: Objectives
Objectives l Improve cash-flow, stabilise debt and then reduce it substantially by end of March 2003 l Strengthen balance sheet l Stabilise the operating margin for full year 2002 l Deliver significant improvement in 2003 Date of last change Reference/Name of Presentation/SN 2
Slide 3: First steps
First steps l Cash and working capital focus l Restructuring : cost and overhead reduction l Real Estate monetisation l Disposals Date of last change Presentation : March 14 Reference/Name of Presentation/SN 3
Slide 4: Key points
Key points l Orders received down 7% l Sales down 2% l Orderbook at 37 billion euros, equivalent to 20 months of sales Date of last change As Reported Figures Reference/Name of Presentation/SN 4
Slide 5: Orders
Orders First Nine Months FY 2002 Actual Comparable Power +7% 0% T&D +11% +9% Transport +9% -5% Marine -85% -85% Power Conversion -14% -14% Total -1% -8% Contracting -57% N/A Total -7% -8% Date of last change Excluding Marine-Orders Stable Reference/Name of Presentation/SN 5
Slide 6: Sales
Sales First Nine Months FY 2002 Actual Comparable Power +9% +3% T&D +12% +10% Transport +6% +3% Marine -39% -39% Power Conversion +12% +12% Total +4% 0% Contracting -56% N/A Total -2% 0% Excluding Marine-Comparable Sales up 4.3% Date of last change Reference/Name of Presentation/SN 6
Slide 7: Orders Received by Sectors
Orders Received by Sectors In million euros 9000 QM2 plus 8000 2 cruise-ships 7000 3xGT13 orders 6000 5000 4000 3000 2000 1000 0 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 1999 2000 2001 2002 Industry/Power Conversion Contracting T&D Transport Energy/Power Marine Date of last change Record Q3 Last Year Reference/Name
Slide 8: Evolution of Orderbook
Evolution of Orderbook In million euros 40 35 30 25 Orderbook 20 20 (billion euros) euros) 15 15 10 10 Orderbook 5 5 in months of sales 0 0 H1 00 H1 01 H1 02 FY 01 FY 99 FY 00 Date of last change Reference/Name of Presentation/SN 8
Slide 9: Sales, Orders and Backlog
Sales, Orders and Backlog In million euros First Nine Months FY 2002 16679 14198 9771 9152 Sales Orders Backlog 4604 3112 3100 2277 2481 2319 835 229 Power T&D Transport Marine Date of last change Healthy order backlog Reference/Name of Presentation/SN 9
Slide 10: Orders by Geography
Orders by Geography 2001 Excluding Contracting 2002 8% 8% 32% 16% 32% 17% 9% 7% 9% 25% 10% 27% European Union Central and South America Rest of Europe Asia-Pacific North America Africa / Middle East Date of last change Orders geographically balanced Reference/Name of Presentation/SN 10
Slide 11: Power
Power First Nine Months in million euros í Limited impact of US market decline + 7% + 9% 9 771 í Gas turbine tendering continuing outside US 9 152 8 943 í Service demand continuing 8 573 í Industrial GT demand good í Orderbook generally sound 2001 2002 2001 2002 í GT 24/26 on track Orders Received(1
Slide 12: Transmission & Distribution
Transmission & Distribution First Nine Months in million euros í Results of new sales + 11% + 12% organisation 2 481 2 277 í Demand sustaining in high 2 234 2 039 voltage switchgear and power transformers í Margin pressure continuing in medium voltage 2001 2002 2001 2002 í Brazil and Mexico are the
Slide 13: Transport
Transport First Nine Months in million euros + 9% + 6% í Strong demand in US and in Europe, particularly in 4 604 France 4 216 í Rolling stock and freight 2 948 3 112 strong in many markets í Market remains robust 2001 2002 2001 2002 Orders Received(1) Sales(1) (1) as reported basis Date of last cha
Slide 14: Marine
Marine First Nine Months in million euros - 85% - 39% í One contract registered in the first nine months 2002 : 1 509 NTCD from the French Navy 1 367 í No orders in Q3 835 í All deliveries reconfirmed 229 í Full orderbook until end of FY 2004 2001 2002 2001 2002 Orders Received(1) Sales(1) (1) as re
Slide 15: Marine - Orderbook: Customers Reconfirmed Orders
Marine - Orderbook Customers Product Delivery Date Moroccan Navy 2 frigates February 02 / April 02 Festival Cruises 1 cruise ship (1500 pax ) March 02 RCCL 1 cruise ship (2050 pax ) April 02 P & O Princess 2 cruise ships (2000 pax ) October 02 / April 03 NYK 1 cruise ship (1100 pax ) June 03 Cunard
Slide 16: Power Conversion
Power Conversion First Nine Months in million euros - 14% + 12% í Growth in naval marine market 567 í Decline in industrial and 487 merchant marine markets 488 434 í Strong demand in China and Brazil í Important sales in Marine 2001 2002 2001 2002 and Process Industries Orders Received(1) Sales(1) í
Slide 17: Specific Issues
Specific Issues Date of last change Reference/Name of Presentation/SN 17
Slide 18: UK Transport Recovery
UK Transport Recovery l New management structure at Birmingham l Successful delivery of first 2 trains to Virgin (WCML) l Progress on regional train contracts Date of last change Reference/Name of Presentation/SN 18
Slide 19: Marine - Renaissance: Recovery Plan Progressing
Marine - Renaissance Accomplished First Phase l Special Purpose Company, Cruise Invest, created in December under the leadership of the lending institutions l Six ships ; R1,R2,R5,R6,R7,R8: – Secured (6 in Marseille), – Completed legal formalities December 2001 l Two ships in Tahiti (R3, R4) secured
Slide 20: Conclusion - Summary
Conclusion - Summary l Order outlook l Margin development l Strategic review Date of last change Reference/Name of Presentation/SN 20
Slide 21: Safe Harbour Statement
Safe Harbour Statement US Private Securities Litigation Reform Act 1995 This press release and the First half of fiscal year 2002 Management Report contain, and other written or oral reports and communications of ALSTOM may from time to time contain, forward-looking statements, within the meaning of
Slide 22: ALSTOM
ALSTOM WWW. als tom.com