Tecnicas Reunidas Sa · BME:TRE
Tecnicas Reunidas Sa — Investor Day (October 2025)
19 slides from Tecnicas Reunidas Sa's investor day presentation, Oct 2, 2025
Slide 1: Técnicas Reunidas 2025 Investor Day
Técnicas Reunidas 2025 Investor Day October 2025
Slide 2: Disclaimer
This document has been prepared by Técnicas Reunidas, S.A. (the “Company”, and together with its subsidiaries, the “Group”) solely for use at the presentation of the Investor Day to be held in Madrid on the 2nd of October 2025. This document contains forward-looking statements of the Company, its Gr
Slide 3: Antonio Alonso-Muñoyerro, Head of Investor Relations
Antonio Alonso-Muñoyerro Head of Investor Relations
Slide 4: Técnicas Reunidas 2025 Investor Day agenda
Técnicas Reunidas What we have done since last year’s CMD 2025 Investor Financial overview Day Coffee break Deep dives on our growth drivers Transfer to TR’s Immersive Room Técnicas Reunidas’ digitalization journey Closing remarks and Q&A Lunch & Transfer Visit to José Lladó Technological Center and
Slide 5: Juan Lladó, Executive Chairman
Juan Lladó Executive Chairman
Slide 6: Eduardo San Miguel, CEO
Eduardo San Miguel ty CEO TECNICAS REUNIDAS
Slide 7: Técnicas Reunidas 2025 Investor Day agenda
Técnicas Reunidas What we have done since last year’s CMD 2025 Investor Financial overview Day Coffee break Deep dives on our growth drivers Transfer to TR’s Immersive Room Técnicas Reunidas’ digitalization journey Closing remarks and Q&A Lunch & Transfer Visit to José Lladó Technological Center and
Slide 8: We are committed to our SALTA strategy
We are committed to our SALTA strategy Sources of North profitable growth America Decarbonization Services & Power Stronger AI, local Digitalization presence & Robotics High value Sinopec Sources of margin talent and other improvement Organization ready alliances for the future 8
Slide 9: We are progressing towards our SALTA strategy objectives
We are progressing towards our SALTA strategy objectives • “Glass ceiling” broken • Halfway to 500 M€ Services • No revolution but ready revenues by 2028 (+300 Decarbonization • Electrification powered M€ awards in 2025E) & Power by slow transition and AI • Repositioning of TR as a • Power represent
Slide 10: Our financial guidance for 2025 and 2026
Our financial guidance for 2025 and 2026 XX Previous guidance, M€ (XX%) Change vs. previous guidance, % 2025E 2026E Revenues, 95% of FY26 M€ +6,100 5,200 (+17%) +6,500 5,500 (+18%) revenue already secured with current backlog EBIT, 60% of growth M€ ~275 ~235 (+17%) +325 ~275 (+18%) due to claims wit
Slide 11: The best is yet to come
The best is yet to come Revenues growing because of a AI, digitalization & robotics as a “boom” in gas power demand new source of income Services business unit already Early engagement in North halfway of 500 M€ revenue target America to deliver results in 2026 Repositioning of TR in the eyes of Tai
Slide 12: Javier Díaz Hevia, CFO
Javier Diaz Hevia ty CFO TECNICAS REUNIDAS
Slide 13: Técnicas Reunidas 2025 Investor Day agenda
Técnicas Reunidas What we have done since last year’s CMD 2025 Investor Financial overview Day Coffee break Deep dives on our growth drivers Transfer to TR’s Immersive Room Técnicas Reunidas’ digitalization journey Closing remarks and Q&A Lunch & Transfer Visit to José Lladó Technological Center and
Slide 14: We continue to strengthen our financial position and create value for our stakeholders
We continue to strengthen our financial position and create value for our stakeholders 2006-2011 2012-2019 2020-2022 2023-2024 2025 and forward IPO & Business Business Protection against Strong financial Sustainable and expansion Consolidation external shocks performance profitable growth +5% EBIT m
Slide 15: We are delivering a solid financial performance
Backlog expansion: strong investment cycle and increasing Services demand We are Backlog, B€ delivering a 10.7 11.4 12.5 13.1 +7% solid financial CAGR performance across all key 2022 2023 2024 H1 2025 metrics… Sales speeding up: backlog execution acceleration Revenues, B€ 4.2 4.1 4.5 ~2.7 2022 2023
Slide 16: …reflected in our solid balance sheet
…reflected in Equity expansion: positive track record of results our solid Equity (excl. SEPI), M€ balance sheet 400 479 325 +477% 83 2022 2023 2024 H1 2025 Consolidated cash position: focus on fast-track execution of projects and steady cash generation in services Net cash, M€ 348 394 422 158 +167%
Slide 17: We have renegotiated our debt, ensuring access to capital markets
We have renegotiated our debt, ensuring access to capital markets on a long-term basis and a prudent financial structure Gross debt maturities by year (excl. SEPI), M€ ~4% average all-in cost1 and 2 2025E: ~770 M€ total debt years average debt maturity (<3.5x gross debt / EBITDA) aligned with order
Slide 18: We will repay SEPI loan in advance
We will repay SEPI loan in advance, after having achieved our targets defined in last year’s CMD ~500 M€ consolidated equity by the end of Q3 2025 (excluding PPL) We will repay in <3.5x gross debt / EBITDA advance full SEPI keeping a healthy leverage profile PPL and ordinary loan on 1st December 202
Slide 19: We anticipate an attractive shareholder remuneration with 30% dividend payout
We anticipate an attractive shareholder remuneration with a commitment of 30% dividend payout against FY 2026 results Earnings per We expect to deliver a sustained increase in EPS, reaching share (EPS) ~1.9 €/share1 in 2025 (forecasted net profit ~150 M€) and growth ~2.5 €/share1 in 2026 (up from 1.