Slide 1: Integrated Solutions Provider - 1Q 2017 results
Integrated Solutions Provider 1Q 2017 results www.tesmec.com 28th April 2017
Slide 2: Index
Index > Corporate Strategy > 1Q 2017 Results 28th April 2017 2
Slide 3: Tesmec Smart City
TESMEC SMART CITY Stringing Automation Railway Trencher 28th April 2017 3
Slide 4: The Business Units
The 4 Business Units STRINGING AUTOMATION > Overhead power lines > Telecommunication & construction & maintenance Teleprotection > Reconductoring and line > Electronic integrated sensors, improvement fault detection and FULLY measurement > Underground cable laying INTEGRATED > Protections & Electron
Slide 5: Tesmec: From Steel to Technology
TESMEC “ From Steel to Technology ” OUR MISSION > Our mission is to be value added integrated solutions provider in the market of infrastructure for the transport of energy, data and material > We provide efficiency, digitalization, safety and sustainability for the modernization of the infrastructu
Slide 6: Strategy execution & Main milestones
Strategy execution & Main milestones EXPERTISE INTEGRATION FROM STRINGING TO TRENCHER FROM STRINGING TO RAILWAY FROM STRINGING TO AUTOMATION From machines for underground Markets saturation for power lines CONSOLIDATION Application of the tension stringing cable laying to digging solutions for elect
Slide 7: Power of our Cross Solutions
Power of our Cross Solutions INTEGRATED SOLUTIONS PROVIDER TOP Intelligence, specialists’ competences, QUALITY expertise, technologies 2017 ÷ 2019 MANUFACTURER Equipment, Machines, GOOD Tools QUALITY Before WE ARE THE ONLY PROVIDER IN THE WORLD WE HAVE able to satisfy the infrastructure market's nee
Slide 8: Index
Index > Corporate Strategy > 1Q 2017 Results 28th April 2017 8
Slide 9: 1Q 2017 Closing
1Q 2017 Closing ENERGY 1Q2017 1Q2016 Delta % GROUP (€ mln) 1Q 2017 1Q 2016 Delta % Revenues 21,9 10,4 110,2% EBITDA 3,9 2,0 95,0% Revenues 49,8 40,5 23,1% % on Revenues 18% 19% EBITDA 5,6 (*) 5,4 4,8% % on Revenues 11% 13% TRENCHERS 1Q2017 1Q2016 Delta % Revenues 24,4 29,2 -16,5% EBIT 2,5 2,5 2,3% E
Slide 10: 1Q 2017 Revenues: Main features
1Q 2017 Revenues: Main features INTERNATIONAL SCALE AND EXPOSURE TO GROWING ECONOMIES 16% 10% 23% 24% 7% 25% 13% 15% 36% 5% 11% 15% Italy: growing weight thanks to Railways and Automation Segment Italy Europe Middle East BRICs and Others: increase due to Indonesian Stringing Contract BRICs and Ocean
Slide 11: EBITDA 1Q 2016 to 1Q 2017
EBITDA 1Q 2017 18 16 9,3 14 12 10 8 0,3 0,2 6 (6,6) (0,4) (1,8) (0,3) (0,5) 4 5,4 6,1 5,6 2 0 EBITDA Revenues Raw materials Cost for Personnel Equity Capitalized Other operating Gross Grassobbio EBITDA 1Q 2016 & other costs Services Costs Investments R&D Expenses cost/revenues EBITDA rent cost 1Q 20
Slide 12: 1Q 2017 Financial Results
1Q 2017 Financial Results Financial Information (Euro mln) 1Q 2017 2016 Net Working Capital 73,7 76,0 Non Current assets 72,2 70,1 Other Long Term assets/liabilities 1,2 0,5 Net Invested Capital 147,1 146,6 Net Financial Indebtness 96,9 96,7 Equity 50,2 49,9 Total Sources of Financing 147,1 146,6 28
Slide 13: Working Capital Evolution
Working Capital Evolution 100 15,3 80 2,7 (6,8) (6,0) 60 (7,5) 40 76,0 73,7 20 0 2016 Inventories WIP Trade Trade Other current 1Q 2017 Net Working Receivables Payables ass. / liab. Net Working capital capital Days Days Euro Mln 1Q 2017 2016 1Q 2017 2016 Trade Receivables 64,7 49,4 117 138 Inventori
Slide 14: Net Financial Position Evolution
Net Financial Position Evolution OPERATING NET FINANCIAL POSITION € mln 140 120 5,4 0,7 100 80 (3,6) (2,3) 60 96,7 96,9 40 20 0 NFP OFCF NWC Capex Int.exp. NFP FY 2016 net Q1 2017 > Net Financial Position substantially unchanged 2016 > Capex absorbed by Internally generated cash and WC Q1 2017 reduc
Slide 15: Backlog 2017.Q1
Backlog 2017.Q1 BACKLOG 31/12/2016 Sales Q1.2017 In take Q1 Backlog 31/3 26,0 21,9 16,6 20,7 Energy 45,0 34,2 54,8 24,4 Trencher 110,0 112,5 3,5 6,0 Railway 181,0 56,8 188,0 Total 49,8 28th April 2017 15
Slide 16: 2017 Trend & Outlook
2017 Trend & Outlook TREND Upturn USA economy BUSINESS xxx Impact of new service model (Energy/Telecom) Rail and energy automation projects impacts OUTLOOK Sales: 2Q.2017 increase compared to SPPY in line with 1Q.2017 2017 Sales: 160–170 M€ (after 1Q.2017 closer to top range) ECONOMICS & xxx EBITDA:
Slide 17: Summary 1Q 2017 Profit & Loss statement - Appendix A
Summary 1Q 2017 Profit & Loss statement - Appendix A Delta vs Profit & Loss Account (€ mln) 1Q 2017 1Q 2016 Delta % 2016 Net Revenues 49,8 40,5 9,3 23,0% Raw materials costs (-) (24,4) (17,8) (6,6) 37% Cost for services (-) (8,1) (7,7) (0,4) 5% Personnel Costs (-) (11,2) (9,4) (1,8) 19% Other operat
Slide 18: Summary 1Q 2017 Balance Sheet - Appendix B
Summary 1Q 2017 Balance Sheet - Appendix B Balance Sheet (€ mln) 1Q 2017 2016 Inventory 65,7 70,5 Accounts receivable 64,7 49,4 Accounts payable (-) (38,0) (31,2) Op. w orking capital 92,4 88,7 Other current assets (liabilities) (18,7) (12,7) Net w orking capital 73,7 76,0 Tangible assets 49,4 47,3
Slide 19: Disclaimer
Disclaimer The Manager responsible for preparing the company’s financial reports, Andrea Bramani, declares, pursuant to paragraph 2 of Article 154-bis of the Consolidated Law on Finance, that the accounting information contained in this presentation corresponds to the document results, books and acc
Slide 20: www.tesmec.com
www.tesmec.com 28th April 2017