Slide 1: Integrated Solutions Provider – 2023.Q1 Results Presentation
Integrated Solutions Provider 2023.Q1 Results Presentation
Slide 2: Index
Index 0. Tesmec Group at a glance 1. Key Market trends & Corporate strategy 2. 2023.Q1 Business highlights & 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 +1,000 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 Inte
Slide 6: Key Market trends & Corporate strategy
1. Key Market trends & Corporate strategy
Slide 7: Sustainability strategic guidelines
Sustainability strategic guidelines Sustainable Development Goals STRATEGIC GUIDELINES E CLIMATE CHANGE S INVEST IN G WORK OUT AN INCREASE THE % MITIGATION PEOPLE & LOCAL EFFECTIVE OF GREEN&DIGITAL & ENVIRONMENTAL COMMUNITIES SUSTAINABLE SOLUTIONS PROTECTION WELL BEING GOVERNANCE ACTIONS TO BE PERFO
Slide 8: Sustainability as key growth driver
Sustainability as key growth driver PRIORITY TOPICS TASKS (in progress or delivered) The corporate risk management activity represents a key element of the decision-making Ethic and sustainable process, including also ESG aspects governance Strengthen of the sustainability team in order to prope
Slide 9: Taxonomy-aligned KPI – Fiscal Year 2022
Taxonomy-aligned KPI – Fiscal Year 2022 TESMEC economic activities are eligible according the ANNEX I – Climate change mitigation: 3.Manufacturing 3.1 - Manufacture of renewable energy technologies 3.3 - Manufacture of low carbon technologies for transport 3.6 - Manufacture of other low carbon techn
Slide 10: Corporate & Sustainability - Key Facts 2023.Q1
Corporate & Sustainability - Key Facts 2023.Q1 KEY FACTS • Drawing the way forward: launch of the new Corporate visual identity and design of a new factory concept • Valorization of corporate culture and local communities through “BergamoBrescia 2023” initiatives and corporate volunteering Launch o
Slide 11: Trencher - Key Facts 2023.Q1
Trencher - Key Facts 2023.Q1 KEY FACTS Strengthening the business in USA Continue development and improvement in the electrification and digitalization Launch of the brand new 400 MCT Strengthening the local presence in Middle East Strengthened and rebound of the business in USA, with Tesmec
Slide 12: Energy Stringing - Key Facts 2023.Q1
Energy Stringing - Key Facts 2023.Q1 KEY FACTS • Backlog with huge positive impact on growth • Push on equipments in key markets • New R&D organization and methodology with positive effect on innovative projects launch • Participation in main events in Energy sector a significative backlog Positive
Slide 13: Energy Automation - Key Facts 2023.Q1
Energy Automation - Key Facts 2023.Q1 KEY FACTS • Market consolidation with Italian TSO and new opportunities for substation automation solutions with EPCs • Penetration of renewables power generation segment with new product CCI and related business model • New significant opportunities related t
Slide 14: Rail - Key Facts 2023.Q1
Rail - Key Facts 2023.Q1 KEY FACTS Internationalization of the Business: > Tesmec speeds up its growth on the international market Technological Product Development: > Sustainable vehicles (bimodal & full electric) with zero environmental impacts > Artificial Intelligence applied to integrated
Slide 15: 2023.Q1 Business highlights & Results
2. 2023.Q1 Business highlights & Results
Slide 16: 2023.Q1 Closing
2023.Q1 Closing Delta GROUP (€ mln) 2023.Q1 2022.Q1 vs.22 REVENUES (1) 57,5 55,9 +2,9% (1) Revenues: 3% increase thanks to Energy and Trencher segments (particularly in EBITDA (2) 7,0 8,3 -15,0% USA and Middle East) % on Revenues (2) 12,3% 14,8% (2) EBITDA: seasonally affected by different EBIT 1,4
Slide 17: 2023.Q1 Closing – Business Breakdown (€ mln)
2023.Q1 Closing – Business Breakdown (€ mln) Energy +10,0% > Revenues growing by 10% compared to 2022.Q1, mostly thanks 13,9 12,7 to Stringing segment, within perspectives of solid Energy industry 26,9% mid-term growth 2,0 1,6 > EBITDA: 27% increase thanks to improved mix Revenues EBITDA 2023.Q1 202
Slide 18: Backlog
BACKLOG Euro/mln BACKLOG 31/12/2022 Sales 2023.Q1 Intake 2023.Q1 31/03/2023 103,4 (1) (1) Of which Euro 80,0 100,6 (2) million for Energy Energy 13,9 16,7 Automation and new opportunities in hi-tech content business 82,2 84,1 (2) Still not reflecting the Trencher 33,5 35,4 potentials from PNRR (3) S
Slide 19: 2023.Q1 Revenues: sales spread over different geographical area
2023.Q1 Revenues: sales spread over different geographical area REVENUE BY GEOGRAPHY 2023.Q1 REVENUE BY GEOGRAPHY 2022.Q1 BRIC BRIC &Others Italy &Others 15,3% North & 15,9% Italy 22,4% North & Central 30,0% Central America America 17,9% 24,8% 57,5 €M 55,9 €M Europe 19,1% Africa 5,7% Africa Europe M
Slide 20: 2023.Q1 Revenues: Increased recurring vs non-recurring
2023.Q1 Revenues: Increased “recurring” vs “non-recurring” RECURRING VS NON-RECURRING RECURRING VS NON-RECURRING REVENUES 2023.Q1 REVENUES 2022.Q1 Non recurring Non recurring 45,4% 47,9% 26,1 €M 31,1 €M 29,1 11,3 €M M€ 26,8 20,5€M M€ Recurring Recurring 52,1% 54,6% Recurring: Rental, Projects, Spare
Slide 21: 2023.Q1 EBITDA evolution by BU
2023.Q1 EBITDA evolution by BU € mln 10,0 8,3 (1,4) 8,0 (0,3) +0,4 7,0 6,0 Weaker seasonal Weaker mix and Higher sales with mix and full-year inflation better mix effect from ‘22 inflation / higher 4,0 commercial – development costs 2,0 0,0 2022.Q1 Trencher Railway Energy 2023.Q1 At a Group le
Slide 22: 2023.Q1 Financial Results
2023.Q1 Financial Results Financial Information (€ mln) Mar. 31, 2023 Dec. 31, 2022 Net Working Capital 88,6 80,6 of which: inventory 109,7 101,4 Non Current assets 91,2 89,7 Right of use - IFRS 16/IAS 17 20,3 21,9 Other Long Term assets/liabilities 19,3 19,5 Net Invested Capital 219,4 211,7 Net Fin
Slide 23: 2023.Q1 Working Capital evolution
2023.Q1 Working Capital evolution € mln 120 100 8,3 (5,0) 0,7 (5,3) 9,3 80 60 40 80,6 88,6 20 0 2022 Inventories WIP Trade Trade Other 2023.Q1 NWC Receivables Payables current NWC ass. / liab. € Mln 2023.FY 2022.FY 2023.FY 2022.FY Trade Receivables 56,9 56,2 71 83 Inventories 109,7 101,4 137 149 Wor
Slide 24: 2023.Q1 Net Financial Position Evolution and Free Cash Flow
2023.Q1 Net Financial Position Evolution and Free Cash Flow € mln • 1H IN LINE WITH QUARTELY DISTRIBUTION COMMENTED WITH FY 2019 AND 1Q 22,4 139,5 140,0 RESULTS 130,0 128,4 24,1 120,0 5,8 1,0 117,1 8,0 110,0 - 104,3 -4,8 €M net FCF 100,0 before ΔNWC (-3,1 including Higher inventories IFRS 16 variati
Slide 25: Outlook
TESMEC Outlook
Slide 26: 2020-2023 Business Plan guidelines
2020-2023 Business Plan guidelines 2019pf 2020pf 2021 2022 2023 >> Significant performance of the Rail segment; 199,6 172,8 194,3 245,2 >> Focus on recurring revenues (rental & services) 280 ~ 290 TURNOVER M€ M€ M€ M€ >> Growth in each business line M€ >> Continuous price lists variation and review
Slide 27: Trencher – Outlook 2023: Business Guidelines
Trencher – Outlook 2023: Business Guidelines OUTLOOK 2023 Alignment in T.USA, Saudi, Middle East and Qatar, Australia and New Zealand markets Launch of new products and solution Electrification and sustainability focus USA: Continue development of business opportunities in the US market, espec
Slide 28: Energy Stringing – Outlook 2023: Business Guidelines
Energy Stringing – Outlook 2023: Business Guidelines OUTLOOK 2023 • Structured dialogue with key players to preserve the position as market leader • Big backlog recovery with important orders acquisition • Digital transformation • Consolidate the worldwide presence & normalization of the supply chai
Slide 29: Energy Automation - Outlook 2023: Business Guidelines
Energy Automation - Outlook 2023: Business Guidelines OUTLOOK 2023 • Consolidation of existing markets and new tenders participation • Business development activities on abroad strategic markets • Completion of solution portfolio in terms of products and systems • Supply chain management Market cons
Slide 30: Rail - Outlook 2023: Business Guidelines
Rail - Outlook 2023: Business Guidelines DRIVERS OUTLOOK 2023 > RAIL, THE BACKBONE OF SUSTAINABLE MOBILITY WORLDWIDE: > DIGITALIZATION as a key enabler in the rail industry: through the European Green Deal will have beneficial effect on the demand for rail digitalization of operations, systems and i
Slide 31: ANNEX
TESMEC ANNEX
Slide 32: Summary 2023.Q1 Profit & Loss statement - Appendix A
Summary 2023.Q1 Profit & Loss statement - Appendix A Profit & Loss Account (Euro mln) 2023.Q1 2022.Q1 Delta vs 2022 Delta % Net Revenues 57,5 55,9 1,6 2,9% Raw materials costs (-) (22,5) (23,8) 1,3 -5,5% Cost for services (-) (13,2) (9,7) (3,5) 35,6% Personnel Costs (-) (16,2) (14,7) (1,5) 10,5% Oth
Slide 33: Summary 2023.Q1 Balance Sheet - Appendix B
Summary 2023.Q1 Balance Sheet - Appendix B Balance Sheet (€ mln) 2023.Q1 2022 Inventory 109,7 101,4 Work in progress contracts 20,0 25,0 Accounts receivable 56,9 56,2 Accounts payable (-) (79,5) (74,2) Op. working capital 107,1 108,4 Other current assets (liabilities) (18,5) (27,8) Net working capit
Slide 34: Disclaimer
Disclaimer This presentation has been prepared by Tesmec S.p.A. (“Tesmec”, the “Company” or the “Group”). As used herein, “Presentation” means this document, any oral presentation, the question and answer session and any written or oral material discussed or distributed during the presentation. The
Slide 35: www.tesmec.com
TESMEC www.tesmec.com