Slide 1: Integrated Solutions Provider – 2022 Results Presentation
Integrated Solutions Provider 2022 Results Presentation
Slide 2: Index
Index 0. Tesmec Group at a glance 1. Key Market trends & Corporate strategy 2. 2022 Business highlights & Results 3. Outlook 4. ANNEX
Slide 3: Tesmec Group at a glance
€ TESMEC Tesmec Group at a glance
Slide 4: Integrated Solutions Provider for Energy and Data transport
Integrated Solutions Provider for Energy and Data transport PURPOSE Consolidate the position as a solution provider in the reference markets driven by the trends of energy transition, digitalization, and sustainability. Vision Mission Value proposition Strategy To be a technological To operate in th
Slide 5: Tesmec Group at a glance
Tesmec Group at a glance ENERGY - STRINGING RAILWAY 70 +1,000 10 YEARS PEOPLE MANUFACTURING of experience PLANTS Solutions for power lines Catenary lines construction & construction & maintenance maintenance Advanced methodologies for Diagnostic vehicles and systems automating jobsite Inte
Slide 6: Key Market trends & Corporate strategy
1. Key Market trends & Corporate strategy
Slide 7: Sustainability strategic guidelines
Sustainability strategic guidelines Sustainable Development Goals STRATEGIC GUIDELINES E CLIMATE CHANGE S INVEST IN G WORK OUT AN INCREASE THE % MITIGATION PEOPLE & LOCAL EFFECTIVE OF GREEN&DIGITAL & ENVIRONMENTAL COMMUNITIES SUSTAINABLE SOLUTIONS PROTECTION WELL BEING GOVERNANCE ACTIONS TO BE PERFO
Slide 8: Sustainability as key growth driver
Sustainability as key growth driver PRIORITY TOPICS TASKS (in progress or delivered) The corporate risk management activity represents a key element of the decision-making Ethic and sustainable process, including also ESG aspects governance Strengthen of the sustainability team in order to prope
Slide 9: Taxonomy-aligned KPI – 2022
Taxonomy-aligned KPI – 2022 TESMEC economic activities are eligible according the ANNEX I – Climate mitigation: 3.Manufacturing 3.1 - Manufacture of renewable energy technologies 3.3 - Manufacture of low carbon technologies for transport 3.6 - Manufacture of other low carbon technologies In 2022 the
Slide 10: Corporate & Sustainability - Key Facts 2022
Corporate & Sustainability - Key Facts 2022 KEY FACTS • New technological solutions in line with the “innovability” strategy of the Group • Photovoltaic system improvement in the headquarter • Increasing commitment in terms of ESG • Launch of corporate volunteer initiatives Confirmed the priority t
Slide 11: Trencher - Key Facts 2022
Trencher - Key Facts 2022 KEY FACTS Strengthening the business in USA Tesmec attends Bauma 2022 and presents the first fully electric trencher: the E-sidecut Impacted by the increase of energy, raw materials and transport costs Strengthening the local presence in Middle East The first full e
Slide 12: Energy Stringing - Key Facts FY 2022
Energy Stringing - Key Facts FY 2022 KEY FACTS • Stable trend of economic growth • R&D reinforcement to support the increase in production and services • Push on innovation through reorganization empowerment • Establishment as a community leader Stable economic New structure to growth as a result of
Slide 13: Energy Automation - Key Facts FY 2022
Energy Automation - Key Facts FY 2022 KEY FACTS • Significant steps forward in the substation automation segment • Approach to new business model for renewables market • New products validation and mass production start-up • Lasting postponement in delivery plans due to critical supply chain Success
Slide 14: Rail - Key Facts 2022
Rail - Key Facts 2022 KEY FACTS • Internationalization of the Business: > Tesmec speeds up its growth on the international market • Technological Product Development: > First sustainable vehicles (bimodal & full electric) with zero environmental impacts > Artificial Intelligence applied to integrate
Slide 15: 2022 Business highlights & Results
2. 2022 Business highlights & Results
Slide 16: 2022 Closing
2022 Closing (1) Revenues: 26% increase in sales mostly Delta GROUP (€ mln) 2022 2021 thanks to Rail (for new projects and vs.21 internationalization) and Trencher (particularly in the US and Arabian REVENUES (1) 245,2 194,3 26,2% Peninsula markets) EBITDA (2) 35,2 28,1 25,4% (2) EBITDA: 25% increas
Slide 17: 2022 Closing – Business Breakdown (€ mln)
2022 Closing – Business Breakdown (€ mln) Energy > Revenues growing by 13,8% compared to 2021, amid difficulties +13,8% in the supply chain, within perspective of solid Energy industry growth trend 58,2 51,1 -0,1% 7,8 7,8 > EBITDA: highly impacted by utilities, raw material and freight cost increase
Slide 18: Backlog
BACKLOG Euro/mln BACKLOG (2) 30/09/2022 Sales 2022.Q4 Intake 2022.Q4 31/12/2022 101,6 (1) 100,6 (1) (1) Of which Euro 81,9 million by Energy Automation 20,3 (3) Energy 19,3 and new opportunities in hi-tech content business (2) Acquisition of new orders 79,0 82,2 during the last quarter of Trencher 3
Slide 19: 2022 Revenues: sales spread over different geographical area
2022 Revenues: sales spread over different geographical area REVENUE BY GEOGRAPHY 2022 REVENUE BY GEOGRAPHY 2021 BRIC BRIC &Others Italy &Others Italy North & 18,4% 29,3% 20,3% North & 25,1% Central Central America America 16,2% 15,9% Africa Europe Africa 5,1% 19,0% 6,2% Europe Middle East Middle Ea
Slide 20: 2022 Revenues: Increased recurring vs non-recurring
2022 Revenues: Increased “recurring” vs “non-recurring” REVENUES RECURRING VS REVENUES RECURRING VS NON-RECURRING 2022 NON-RECURRING 2021 Non recurring Non recurring 43,3% 45,8% 106,1 M€ 139,1 M€ 89,1 11,3 M€ M€ 105,2 M€ 20,5 M€ Recurring Recurring 56,7% 54,2% Recurring: Rental, Projects, Spare Part
Slide 21: 2022 EBITDA evolution by BU
2022 EBITDA evolution by BU € mln 40,0 7,1 35,2 36,0 32,0 28,1 (0,0) (0,0) 28,0 24,0 Materials/energy Better mix, shift to Materials/energy cost increase offset higher added value 20,0 cost increase not by better mix/ forex products and price fully recovered in effect revisions offsetting pric
Slide 22: 2022 Financial Results
2022 Financial Results Financial Information (€ mln) 2022 2021 Net Working Capital 80,6 76,5 Non Current assets 89,7 79,6 Right of use - IFRS 16/IAS 17 21,9 23,4 Other Long Term assets/liabilities 19,5 14,2 Net Invested Capital 211,7 193,7 Net Financial Indebtness 104,2 96,6 Lease liability - IFRS 1
Slide 23: 2022 Working Capital evolution
2022 Working Capital evolution € mln 120 1,8 9,3 18,2 100 20,1 8,9 80 60 40 76,5 80,6 20 0 2021 Inventories WIP Trade Trade Other 2022 NWC Receivables Payables current NWC ass. / liab. € Mln 2022.FY 2021.FY 2022.FY 2021.FY Trade Receivables 56,2 54,4 83 101 Inventories 101,4 81,3 149 151 Work in pro
Slide 24: 2022 Net Financial Position Evolution and Free Cash Flow
2022 Net Financial Position Evolution and Free Cash Flow € mln • 1H IN LINE WITH QUARTELY DISTRIBUTION COMMENTED WITH FY 2019 AND 1Q 140,0 RESULTS 25,0 27,1 130,0 24,1 128,4 121,3 24,5 120,0 110,0 4,1 5,5 104,3 100,0 96,8 2,1 €M net FCF Against before ΔNWC 90,0 51 €M Saudi Δsales Tesmec & and +43% 8
Slide 25: Outlook
€ TESMEC Outlook
Slide 26: 2020-2023 Business Plan guidelines
2020-2023 Business Plan guidelines 2019pf 2020pf 2021 2022 2023 >> Significant performance of the Rail segment; 199,6 172,8 194,3 245,2 >> Focus on recurring revenues (rental & services) 280 ~ 290 TURNOVER M€ M€ M€ M€ >> Growth in each business line M€ >> Continuous price lists variation and review
Slide 27: Trencher – Outlook 2023: Business Guidelines
Trencher – Outlook 2023: Business Guidelines OUTLOOK 2023 Strengthening TUSA, Saudi, Middle East and Qatar, Australia and New Zealand Developing the mining sector in Africa Electrification and sustainability focus • TUSA: Developing business opportunities in the US market, especially in fiber
Slide 28: Energy Stringing – Outlook 2023: Business Guidelines
Energy Stringing – Outlook 2023: Business Guidelines OUTLOOK 2023 • Structured dialogue with key players to preserve the position as market leader • Big backlog recovery with important orders acquisition • Digital transformation • Consolidate the worldwide presence Mindset fit to the actual Signific
Slide 29: Energy Automation - Outlook 2023: Business Guidelines
Energy Automation - Outlook 2023: Business Guidelines OUTLOOK 2023 • Consolidation of existing markets and new tenders participation • Business development activities on abroad strategic markets • Completion of solution portfolio in terms of products and systems • Significant challenges related to p
Slide 30: Rail - Outlook 2023: Business Guidelines
Rail - Outlook 2023: Business Guidelines DRIVERS OUTLOOK 2023 > RAIL, THE BACKBONE OF SUSTAINABLE MOBILITY WORLDWIDE: > DIGITALIZATION as a key enabler in the rail industry: through the European Green Deal will have beneficial effect on the demand for rail digitalization of operations, systems and i
Slide 31: ANNEX
€ TESMEC ANNEX
Slide 32: Summary 2022 Profit & Loss statement - Appendix A
Summary 2022 Profit & Loss statement - Appendix A Profit & Loss Account (Euro mln) 2022 2021 Delta vs 2021 Delta % Net Revenues 245,2 194,3 50,9 26,2% Raw materials costs (-) (97,4) (78,6) (18,8) 23,9% Cost for services (-) (53,8) (37,8) (16,0) 42,3% Personnel Costs (-) (60,7) (56,0) (4,7) 8,4% Othe
Slide 33: Summary 2022 Balance Sheet - Appendix B
Summary 2022 Balance Sheet - Appendix B Balance Sheet (€ mln) 2022 2021 Inventory 101,4 81,3 Work in progress contracts 25,0 15,7 Accounts receivable 56,2 54,4 Accounts payable (-) (74,2) (56,0) Op. working capital 108,4 95,4 Other current assets (liabilities) (27,8) (18,9) Net working capital 80,6
Slide 34: Disclaimer
Disclaimer This presentation has been prepared by Tesmec S.p.A. (“Tesmec”, the “Company” or the “Group”). As used herein, “Presentation” means this document, any oral presentation, the question and answer session and any written or oral material discussed or distributed during the presentation. The
Slide 35: www.tesmec.com
TESMEC www.tesmec.com