Talgo Sa · BME:TLGO
Talgo Sa — Q1 2022 Earnings Presentation
6 slides from Talgo Sa's earnings presentation, May 12, 2022
Slide 1: Q1-2022 Results Presentation
Q1-2022 Results Presentation 12 May 2022 0
Slide 2: Key Business Figures in Q1-2022
Key Business Figures in Q1-2022 ▪ Health and Safety of Talgo’s personnel as a key element in the pursuit of operational excellence. Q4-2021 Q1-2022 ▪ Strong order backlog with industrial visibility in the Accident freq. 1 8.24 7.59 coming years and long-term maintenance contracts to Severity2 0.22 0
Slide 3: Key Operating Figures
Key Operating Figures ▪ Manufacturing and overhaul projects: o Spanish VHS project with good results in test phases and expected to start deliveries in 2022. o DB Project (Germany) and ENR (Egypt) as the main revenue contributors in the period. o DSB project (Denmark) and RENFE locomotives in initia
Slide 4: Key Financial Figures
Key Financial Figures ▪ Revenues decreased to €118 m in Q1-2022 mainly due to lower manufacturing activity: o Change in the mix of projects in execution: completion of VHS Spain project and increases in other projects such as Germany, Egypt, Denmark and remodelling in Spain. o Disruptions in the sup
Slide 5: Update on 2022 Outlook
Update on 2022 Outlook 2022 targets Q1 2022 Reference (as per FY2021 Results presentation) Update Profitability ✓ Adjusted EBITDA in 2021: 11-12 % >13% ✓ WC in 2021: Limited cash consumption Cash consumption Capital ✓ Net Debt in 2021: c. 1.2X Adjusted EBITDA c. 1.5x structure ✓ Capex in 2021: c. €2
Slide 6: Annex 1: Scrip Dividend
Annex 1: Scrip Dividend ▪ Talgo's General Shareholders Meeting of 29 March 2022 approved a Scrip Dividend Programme to remunerate the shareholders with a total amount of €10 m. ▪ Through this Programme, Talgo offered shareholders the option of receiving, either in full or in part, dividend payments