Tecnicas Reunidas Sa · BME:TRE
Tecnicas Reunidas Sa — 9M 2011 Earnings Presentation
16 slides from Tecnicas Reunidas Sa's earnings presentation, Nov 15, 2011
Slide 1: 2011 Nine Months Results Presentation
TECNICAS REUNIDAS Juan Lladó CEO 2011 Nine Months Results Presentation 15th of November 2011
Slide 2: Backlog & Awards; 9M 2011 Financial Results; Current Environment
TECNICAS REUNIDAS ¾ BACKLOG & AWARDS ¾ 9M 2011 FINANCIAL RESULTS ¾ CURRENT ENVIRONMENT 1
Slide 3: 9M 2011 Backlog
9M 2011 BACKLOG Backlog €m 7,000 6,000 5,730 4,713 4,711 4,820 4,636 5,000 Non including 4Q awards: 4,000 ¾ Gran Chaco (USD 500 M) 3,000 ¾ CCGT Hungary (€ 455 M) 2,000 1,000 0 2007 2008 2009 2010 9M 11 Oil and gas Power 2
Slide 4: Backlog Evolution by Geography
BACKLOG EVOLUTION BY GEOGRAPHY 2009 2010 YTD 2011* Middle Europe Europe Middle 36% 45% Europe East Spain East 34% 37% 0.5% 46% Spain 3% ROW 4% ROW Spain 2% Latam ROW 12% Latam Middle 2% 6% 22% East Latam 24% 27% € 4,820 M € 5,730 M € 5,461 M *includes the projects awarded in October. 3
Slide 5: 3Q 2011 Awards: Desalination Plant, Perth
3Q 2011 AWARDS Desalination Plant, Perth Highlights ¾ The project involves the design, turnkey construction, operation and maintenance. ¾ Project awarded to the “Southern Seawater Alliance” consortium: TR (38%), Valoriza (38%), AJ Lucas (19%) and WorleyParsons (5%). ¾ Water Corporation is a public c
Slide 6: 3Q 2011 Awards: Upgrading of Izmit Refinery, Turkey
3Q 2011 AWARDS Upgrading of Izmit Refinery, Turkey Highlights ¾ Conversion to LSTK of the upgrade of the Izmit Refinery in Turkey. OBE contract awarded in 1Q 10. ¾ Project includes: hydrocraker, vacuum, delayed coker, hydrogen, sulphur recovery, amine regeneration, sour water stripper unit and a cog
Slide 7: Recent Awards: Gran Chaco, Bolivia
RECENT AWARDS Gran Chaco, Bolivia Highlights ¾ LSTK for a new natural gas liquid separation plant in Gran Chaco, Bolivia. The new plant will separate ethane and other liquid gases from methane (Natural Gas). ¾ Project includes: cryogenic dehydration, recompression, fractionation and utilities units.
Slide 8: Recent Awards: CCGT, Hungary
RECENT AWARDS CCGT, Hungary Highlights ¾ Main contractor for the CCGT in Duna´s refinery in Szazhalombatta, Hungary. ¾ Contract includes: project management, engineering, procurement and construction of a 860 MW CCGT. ¾ LSTK contract with a value of € 455 million. ¾ MOL Group is the main Hungarian i
Slide 9: Backlog & Awards; 9M 2011 Financial Results; Current Environment
TECNICAS REUNIDAS ¾ BACKLOG & AWARDS ¾ 9M 2011 FINANCIAL RESULTS ¾ CURRENT ENVIRONMENT 8
Slide 10: Sales and EBITDA Growth
SALES AND EBITDA GROWTH SALES EBITDA €m €m 3,000 2,771 2,634 180 163 -3.5% 156 2,500 +0.3% 150 2,063 1,992 122 2,000 121 120 1,500 90 1,000 60 500 30 0 0 2009 2010 9M 10 9M 11 2009 2010 9M 10 9M 11 9
Slide 11: Financial Results
FINANCIAL RESULTS Profit and Loss Account 9M 11 9M 10 Var. 2010* € million Revenues 1,992.1 2,063.3 -3.5% 2,771.4 121.7 121.4 +0.3% 162.9 EBITDA 6.1% 5.9% 5.9% Margin 115.6 116.2 -0.5% 155.5 EBIT Margin 5.8% 5.6% 5.6% Net Financial Results 1.2 -3.2 10.4 Profit Before Taxes 116.6 112.2 3.8% 163.5 Tax
Slide 12: Net Cash Position and Dividends
NET CASH POSITION AND DIVIDENDS ¾ 9M 2011 Net cash position: € 661 million ¾ 2010 Dividend: € 1.34 per share Net Cash Position €m 900 796 661 575 600 525 300 0 2008 2009 2010 9M 11 11
Slide 13: Backlog & Awards; 9M 2011 Financial Results; Current Environment
TECNICAS REUNIDAS ¾ BACKLOG & AWARDS ¾ 9M 2011 FINANCIAL RESULTS ¾ CURRENT ENVIRONMENT 12
Slide 14: Current Environment
CURRENT ENVIRONMENT ¾ Positive environment for energy investments worldwide ¾ Successful commercial effort by TR by diversifying in potential markets: Latin America: Peru, Bolivia, Chile Central and Eastern Europe: Turkey, Hungary, Russia Asia / Australia: Australia, China ¾ Quality execution
Slide 15: Disclaimer
Disclaimer This document has been prepared by Tecnicas Reunidas S.A. (the Company) solely for use at presentations held in connection with the announcement of the Company's results for the first nine months of 2011. This document contains forward-looking statements of the Company and/or its manageme
Slide 16: UNIDAS
= UNIDAS