Abengoa Sa · OTC:AGOAF
Abengoa Sa — 9M 2009 Earnings Presentation
20 slides from Abengoa Sa's earnings presentation, Nov 4, 2009
Slide 1: First nine months 2009 Earnings Presentation
ABENGOA Innovative Solutions for Sustainability First nine months 2009 Earnings Presentation November, 4th 2009 (Non-audited figures)
Slide 2: Forward-Looking Statement
ABENGOA First 9m 2009 Earnings Presentation Forward-Looking Statement Innovative Solutions for Sustainability This presentation contains forward-looking statements and information relating to Abengoa that are based on the beliefs of its management as well as assumptions made and information curren
Slide 3: Agenda
ABENGOA First 9m 2009 Earnings Presentation Agenda Innovative Solutions for Sustainability 1 9m 2009 Highlights 2 9m 2009 Detailed Financial Analysis 3 Q&A 3
Slide 4: Highlights
ABENGOA First 9m 2009 Earnings Presentation Highlights Innovative Solutions for Sustainability ii Positive Positive operating operating performance performance iiii Well Well diversified diversified by by business business and and geographies geographies iii iii Delivering Delivering on on our our i
Slide 5: 9m 2009: Main Figures
ABENGOA First 9m 2009 (*) Earnings Presentation 9m 2009: Main Figures Innovative Solutions for Sustainability M€ (**) M€ (**) Sales Operating Cash Flow Sustained Revenue Growth Improved Operating Performance 3,769 627 591 3,214 2,857 2,584 452 467 % + 27 % % + 11 20.7% % + 39 + 17 18.1% 16.6% 14.1%
Slide 6: 9m 2009: Highlights (P&L)
ABENGOA First 9m 2009 Earnings Presentation 9m 2009: Highlights (P&L) Innovative Solutions for Sustainability Profitable growth in P&L Main Figures M€ 9m 2009 YoY % 9m 2008 Sales 2,857 +11% 2,584 Operating Cash Flow 591 +27% 467 Ebitda 463 +18% 393 Net Income 125 +24% 101 Ebitda Margin 16.
Slide 7: 9m 2009: Highlights (pro forma P&L)
ABENGOA First 9m 2009 Earnings Presentation 9m 2009: Highlights (pro forma P&L) Innovative Solutions for Sustainability Higher Higher growth growth excluding excluding one-off one-off items items at at Env. Env. Services Services and and IT IT M€ 9m 2009 (*) YoY % 9m 2008 (**) Sales 2,857 +11% 2,5
Slide 8: Agenda
ABENGOA First 9m 2009 Earnings Presentation Agenda Innovative Solutions for Sustainability 1 9m 2009 Highlights 2 9m 2009 Detailed Financial Analysis 3 Q&A 8
Slide 9: P&L Account
ABENGOA First 9m 2009 Earnings Presentation P&L Account Innovative Solutions for Sustainability M€ 9m 2009 9m 2008 YoY % Sales 2,857 2,584 +11% Operating Cash Flow 591 467 +27% Ebitda 463 393 +18% Depreciation & amortization expense (153) (120) +27% Net operating profit 310 273 +13% Net financial lo
Slide 10: Pro forma P&L Account
ABENGOA First 9m 2009 Earnings Presentation Pro forma P&L Account Innovative Solutions for Sustainability M€ 9m 09 (*) 9m 08 (**) YoY % Sales 2,857 2,584 +11% Operating Cash Flow 575 427 +35% Ebitda 446 353 +26% Depreciation & amortization expense (153) (106) +44% Net operating profit 293 247 +19% N
Slide 11: Sales: contribution by Business Unit
ABENGOA First 9m 2009 Earnings Presentation Sales: contribution by Business Unit Innovative Solutions for Sustainability + 508 3,400.0 (+40%) (149) International (-24%) 3,200.0 activity: Renewables & Reduction in volumes (330) Transmission 3,000.0 (internal sales) + 111.0 (+25%) + 133 2,800.0 (+21%)
Slide 12: Ebitda: contribution by Business Unit
ABENGOA First 9m 2009 Earnings Presentation Ebitda: contribution by Business Unit Innovative Solutions for Sustainability 500,0 463 480,0 (+18%) (+26%)* 460,0 +53 (+25%) 440,0 420,0 +17 (TLVT shares) 400,0 393 +40 (+107%) 380,0 (40) (land divest.) Higher margins 360,0 (12) +8 from: (+222%) + 34 Dtn
Slide 13: Breakdown of Ebitda
ABENGOA First 9m 2009 Earnings Presentation Breakdown of Ebitda Innovative Solutions for Sustainability M€ 9m 2009 YoY % 9m 2008 i. Ebitda Corporate Entities 403 +26% 320 ii. Ebitda Non/Recourse 188 +45% 130 iii. Eliminations (129) +126% (57) Total Ebitda (i) + (ii) + (iii) 463 +18% 393 Ebitda at Co
Slide 14: Intragroup activities
ABENGOA First 9m 2009 Earnings Presentation Intragroup activities Innovative Solutions for Sustainability Intragroup activities fully eliminated at Consolidated P&L… …but relevant for cash-flow generation perspective. Eliminated Net Profit is recovered over the life of the project as a lower dep
Slide 15: Distribution by Business Units
ABENGOA First 9m 2009 Earnings Presentation Distribution by Business Units Innovative Solutions for Sustainability Well diversified by business … Evironm. Inform. Industrial Solar Bioenergy Aggregated Eliminations Consolidated Services Technol. E&C Sales (M€) 71 704 481 552 1,793 3,602 (744) 2,857 S
Slide 16: International Activity
ABENGOA First 9m 2009 Earnings Presentation International Activity Innovative Solutions for Sustainability … and geographies Total Abroad 2,153 M€ (75.3%) (+25.0%) Europe (ex Spain) 437 M€ (15.3%) United States Total Spain 586 M€ (20.5%) 704 M€ (24.7%) Asia (-18.1%) 89 M€ (3.1%) Africa 215 M€ (7.5%)
Slide 17: Main Projects in Execution: Timeline
ABENGOA First 9m 2009 Earnings Presentation Main Projects in Execution: Timeline Innovative Solutions for Sustainability 2009 2010 2011 Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Solnova 1 Start-up Q4 09 Solnova 3 Start-up Q2 10 Solar Algeria Q3 10 Solnova 4 Start up Q4
Slide 18: Backlog
ABENGOA First 9m 2009 Earnings Presentation Backlog Innovative Solutions for Sustainability Order Order book book covers covers 19 19 months months of of sales sales in in contracting contracting activities activities Portfolio % over Business Units Sep. 2009 Dec.08 (*) Industrial Engineering & Cons
Slide 19: Agenda
ABENGOA First 9m 2009 Earnings Presentation Agenda Innovative Solutions for Sustainability 1 9m 2009 Highlights 2 9m 2009 Detailed Financial Analysis 3 Q&A 19
Slide 20: First nine months 2009
ABENGOA Innovative Solutions for Sustainability First nine months 2009 Earnings Presentation November, 4th 2009 (Non-audited figures)