Martifer Sgps · EURONEXT:MAR
Martifer Sgps — FY2017 Earnings Presentation
16 slides from Martifer Sgps's earnings presentation, 2018
Slide 1: Earnings Release 2017
Lu Le | Qa we » Ng iL TT -“_ Ww WwW « i= zZ2az 3 x ze z = 2 qc OO «¢ 25 OF it ° a2 e e o¢ oe ore oe oe °° ° eoeeoe e449) oe oe a2 aa o¢ a2 + o+oe > o¢ bs ¢ ° 4 o¢ d of e?¢ ° o¢ *?¢ ¢ + oe o¢ eee oe ° ¢ oe oe ef oe 4 e oe ee e eeoee 4 eooeeooe oooe oo oo o¢ a4 o¢ o¢ ooo oe *¢ oo? ¢ a4 + e+e +o oe °*
Slide 2: Disclaimer
HIGHLIGHTS DISCLAIMER RESULTS ANALYSIS This Document (16 pages) was prepared by Martifer SGPS, S.A. exclusively for the present disclosure. The financial information herein has not been audited. All communications, enquiries and information requests relating to this document should be addressed
Slide 3: Highlights
SWISS [Os0scneeacee |
Slide 4: Highlights
HIGHLIGHTS • Revenues reached 186 M€, of which 109 M€ in Metallic Constructions, 63 M€ in the Naval Industry and 17 M€ in Renewables RESULTS ANALYSIS • Positive EBITDA in 8.5 M€ (margin of 5 %) • Net Profit attributable to shareholders of 6.5 M€, which compares with -43.6 M€ YOY ORDER BOOK • N
Slide 5: Results Analysis
RESULTS ANALYSIS
Slide 6: Results (unaudited)
HIGHLIGHTS RESULTS (unaudited) RESULTS ANALYSIS MARTIFER Revenues 2017 M€ CONSOLIDATED Revenues 185.6 9% EBITDA 8.5 EBITDA margin 5% Depreciation & Amortization -10.6 Provisions & Impairment Losses -12.3 58% ORDER BOOK 33% EBIT -14.4 EBIT margin -8% Financial Results 17.5 - Interest -4.6 - Oth
Slide 7: Capex and Net Debt
HIGHLIGHTS CAPEX AND NET DEBT RESULTS ANALYSIS CAPEX NET DEBT (M€) 300 283 0% 14% 260 Metallic Constructions 250 236 Renewables 189 ORDER BOOK 200 Naval Industry 86% 150 100 FUTURE PROSPECTS Total Capex of 2.8 M€, 50 mostly applied in the development of wind and solar projects in Central 0 E
Slide 8: Balance Sheet: Solvency and Liquidity Ratios
HIGHLIGHTS BALANCE SHEET RESULTS ANALYSIS 400 SOLVENCY RATIO (Equity + Non-current Liabilities) / Non-current Assets 350 300 Non Equity + Current 1.1 Non Assets ORDER BOOK Current 250 200 Liabilities 226 200 FUTURE PROSPECTS 150 LIQUIDITY RATIO Current Assets / Current Liabilities 100 Curren
Slide 9: Balance Sheet (unaudited)
HIGHLIGHTS BALANCE SHEET (unaudited) RESULTS ANALYSIS M€ DECEMBER 2017 Non-current Assets: Intangible Assets (including Goodwill) 13.8 Tangible fixed assets 117.3 Financial Investments (Including Investment properties and Available for sale investments) 39.0 Other non-current receivables 24.6 De
Slide 10: Order Book
ORDER BOOK
Slide 11: Metallic Constructions + Naval Industry | Order Book
HIGHLIGHTS METALLIC CONSTRUCTIONS + NAVAL INDUSTRY | ORDER BOOK RESULTS ANALYSIS 2% 2% 5% 28% ORDER BOOK 63% FUTURE PROSPECTS Algeria Sub-Saharan Africa Eastern Europe and Middle East TOTAL ORDER BOOK Western Europe Western Europe (Naval) 303 M€ 11 EARNINGS RELEASE 2017
Slide 12: Metallic Constructions + Naval Industry | Operational Activity
HIGHLIGHTS METALLIC CONSTRUCTIONS + NAVAL INDUSTRY | OPERATIONAL ACTIVITY RESULTS ANALYSIS The Metallic Constructions and the Naval Industry currently have several relevant projects in their order book: ORDER BOOK Geneva Airport, Switzerland World Explorer, Antarctica Porte de Versailles, Fran
Slide 13: Martifer Renewables | Projects
HIGHLIGHTS MARTIFER RENEWABLES | PROJECTS RESULTS ANALYSIS PROJECTS UNDER DEVELOPMENT: 196.8 MW (Wind) PROJECTS IN OPERATION: 31.2 MW 8 MWp (PV) PROJECTS UNDER DEVELOPMENT: 12 MW (Wind) PROJECTS IN OPERATION: 8 MWp (PV) PROJECTS IN OPERATION: ORDER BOOK 44.1 MW (Wind) NEW MARKET FUTURE PROSP
Slide 14: Future Prospects
FUTURE PROSPECTS
Slide 15: Future Prospects
HIGHLIGHTS Implementation of a new governance model in which the reference shareholders do not have executive functions. The reference shareholders will continue to be represented on the Board of Directors only as RESULTS ANALYSIS non-executive directors Approval of a new strategic plan base
Slide 16: Representative for Market Relations
HIGHLIGHTS REPRESENTATIVE FOR RESULTS ANALYSIS MARKET RELATIONS Pedro Moreira T. +351 232 767 700 F. +351 232 767 750 ORDER BOOK www.martifer.com FUTURE PROSPECTS 16 EARNINGS RELEASE 2017