Arteche Lantegi Elkartea Sa · BME:ART
Arteche Lantegi Elkartea Sa — Arteche — FY2024 Earnings Presentation
17 slides from Arteche Lantegi Elkartea Sa's earnings presentation, Mar 20, 2025
Slide 1: March 20, 2025
March 20 2025
Slide 2: Disclaimer
jad Ww z < i O v O arteche The information contained in this presentation of results has been prepared by Arteche Lantegi Elkartea, S.A. (the Company, and its group of companies or Arteche Group) and includes financial information extracted from the annual accounts of the Company and its Group for t
Slide 3: 2024 Key highlights
2024 Key highlights arteche Order intake grew during 2024 +12.3% to €532.4 million, above market growth. Revenue increased by +11.5% to €447.4m and grew by double digit during 2024. The direct margin improved by +340 bps versus the previous year up to 35.5% in FY 24 vs. 32.1% in FY 23. EBITDA reache
Slide 4: FY2024 Outlook guidance
FY2024 Outlook guidance Outlook FY Reported 2024 FY 2024 Compliance Revenue (million ¢) 440.0 - 460.0 447.4 iY) EBITDA (million €) 45.8 - 50.6 51.6 g EBITDA margin 10.4% - 11.0% 11.5% Y) (% of revenue)
Slide 5: Key financial figures
arteche Key financial figures Order Revenue Direct EBITDA Net Profit NED / intake Margin® EBITDA €532.4M €447.4M €163.4M €51.6M €18.9M 0.5x +12.3% +11.5% +22.3% +26.8% +56.7% VSO as at 31 December y/y y/y a/a a/a a/a 2023 (414.2% in constant (424.1% in constant (+25.8% at currency )@ currency) const
Slide 6: Sustained double-digit growth
Sustained double-digit growth arteche Orders by geography (€M, %) Revenue by geography (€M,%) +12.3% 532.4 +11.5% 447.4 FY 2023 FY 2024 FY 2023 FY 2024 mMEMEA =NAM &LATAM ®APAC mMEMEA =NAM &LATAM ®APAC 474.1 C Book - to - Bill: 1,19x ) (D Revenue by destination: EMEA (Europe, Middle East and Africa)
Slide 7: Global growth boosted by every business
Global growth boosted by every business Revenue by business line(€M, %) +11.5% 447.4 401.3 +2.6% TIS FY 2023 FY 2024 = T&D Grid Automation ®™ Network Reliability m Measurement & Monitoring arteche Measurement and Monitoring - Reaching #1/2 in HV and maintaining Top 10 in MV « 15.9% increase in sales
Slide 8: Direct Margin FY 2024
Direct Margin FY 2024 Continued and solid growth Evolution of the Direct Margin by half year’ (% of turnover at sales price)? 35.0% 32.0% 32.1% 30.5% 28.5% H122 H222 H123 H223 H124 (1) Direct margin = Revenue at sales price - procurement - direct labour - direct operating expenses. (2) Revenue at sa
Slide 9: EBITDA FY 2024
EBITDA FY 2024 Accelerating profitability EBITDA evolution by semesters (€ million, % turnover) 12.1% 11.0% 9.3% 9.0% ° 9 8.4% 7.0 33 i? 6 17.0 17.4 131 H1 22 H2 22 H1 23 H2 23 H124 H2 24 arteche Increased EBITDA in both halfs driven by high sales volume, updated selling prices and improvements in o
Slide 10: 20,0 0,35 0,30 15,0 0,25 0,20 10,0 0,15 5,0 0,10 0,05 0,0 0,00
20,0 0,35 0,30 15,0 0,25 0,20 10,0 0,15 5,0 0,10 0,05 0,0 0,00
Slide 11: Net financial debt at 30/12/24
Net financial debt at 30/12/24 Financial muscle to face new projects Net financial debt (NFD) / EBITDA Evolution (€ million, times EBITDA) Resources available by funding source FY 2024 = MARF 6) Box | x 2 = Bank Debt = 72 ' = Syndicated pecan cece eee Ve. , Loan | Correspond H ’ ‘ to the interim div
Slide 12: Walking towards our ESG commitment
Walking towards our ESG commitment | _target__—| indicator a= Sila e239) 2030 | tovcaon aun Total waste P+NP(reused hy j + recycled)/ tT Reused or recycled waste Total P+NP waste 58% 69% 100% generated (%) ‘cent WoRK AND GEIST. ATION E renouccaom 9 pawestucnee Reducing our carbon Emission reduction
Slide 13: First year of our 24-26 plan with excellent results
First year of our 24-26 plan with excellent results and ahead of the targets O® ®@ arteche Solid growth Sustained Strong free We continue Continuous High in order intake growth in cash flow increasing our improvement revaluation of (412.3% YoY) profitability, generation investment in of our ESG the
Slide 14: Moving together
Moving together Q&A ARTECHE LANTEGI ELKARTEA, S.A. Investor Relations Office Tel: +34 620 328 643 investors@arteche.com www.arteche.com
Slide 15: Annex: Alternative Performance Measures (APMs)
Annex : Alternative Performance Measures (APMs) arteche AMP Uni Det ion FY 2024 30 June 2024 FY 2023 Shee price €M Revenue +/- change in inventories at selling price €459.9m =447.3 + 12.5 | €235.2m = 224.9 + 10.3 |€416.6m = 401.3 + 15.4) Direct costs €M Procurements (excluding depreciation and extra
Slide 16: Annex: Key Financial Figures
Annex : Key Financial Figures Key Financial Figures €M Invoicing Direct margin Direct margin (% of revenue at selling price*) EBITDA EBITDA margin (% of revenue) EBIT EBIT margin (% of revenue) Net profit Net profit margin (% of revenue) EPS (€/share) * Revenue at selling price = Net turnover - chan
Slide 17: Balance sheet items
Non-current Assets Current Assets Inventories Trade and other receivables Short-term financial investments Cash and cash equivalents Others TOTAL ASSETS Total Shareholders' Equity Non-current Liabilities Long term debt Other non-current liabilities Current Liabilities Short term debt Trade and other