Tps S.p.a. · MIL:TPS
Tps — Investor Presentation (October 2017)
12 slides from Tps's investor presentation, Oct 10, 2017
Slide 1: TPS Group Investor Presentation
TPS GROUP INVESTOR PRESENTATION H 1 2 0 1 7 R E S U LT S , F Y 2 0 1 7 OUTLOOK AND STRATEGIC GUIDELINES London – October 10th, 2017
Slide 2: Group Structure
GROUP STRUCTURE TPS is an ELITE Company since November 2016 100% 70% 100% 94% 70% 90,2% TPS Group provides technical services and engineering for the aerospace industry including technical multimedia do- cumentation, engineering, design, certification and production of parts and components, avionic
Slide 3: Initial Public Offering
INITIAL PUBLIC OFFERING Initial Public Offering on Borsa Italiana AIM Market M A R C H 2 8 TH, 2 0 1 7 S E P T E M B E R 2 9 TH, 2 0 1 7 IPO fully dedicated to a capital increase. Share price: €5.06, +58% vs. IPO price. 898,500 shares issued at €3.2 per share. Market cap: ~€30 million. Free float: ~
Slide 4: Market Performance T.P.S.
MARKET PERFORMANCE T.P.S. share daily closing prices T.P.S. share daily volumes 4
Slide 5: H1 2017 Milestones
H1 2017 MILESTONES REDUCED MINORITY ACQUIRED ICB S.R.L. ACQUIRED STEMAR “INNOVATIVE SME” INTERESTS CONSULTING S.R.L., CERTIFICATION IN CONTROLLED COMPANIES NEOS S.r.l participation Acquired ICB S.r.l., a le- Acquired Stemar Consulting “Innovative SME” increased to 94% (from ader in avionic software
Slide 6: H1 2017 Consolidated P&L Highlights
H1 2017 CONSOLIDATED P&L HIGHLIGHTS TPS GROUP’S TURNOVER: EBITDA: EBITDA SHARE OF ~€9 MILLION ~€2 MILLION MARGIN: ~22% NET PROFIT: +12.8% vs H1 2016 +8.3% vs H1 2016 ~€0.9 MILLION +6.3% vs H1 2016 Consolidated P&L highlights do not include Stemar Consulting S.r.l. (acquisition finalized on July 4th,
Slide 7: H1 2017 Consolidated Balance Sheet Highlights
H1 2017 CONSOLIDATED BALANCE SHEET HIGHLIGHTS NET FINANCIAL POSITION: ~€(1.8) MILLION Significant improvement vs. ~€0.3 million at December 31st, 2016. IPO proceeds. Acquisition of ICB S.r.l. and Stemar Consulting S.r.l. Investments in Information Technology. Reduction of bank debt. OPERATING CASH F
Slide 8: Group Action Plan 2017
TPS GROUP ACTION PLAN ACTION 2017 PLAN Full integration of ICB S.r.l. and Stemar Consulting S.r.l. in TPS Group business model and management approach. 2017 Organic development of core business. Example: in H1 2017 TPS won the bid for the production of technical documentation for the new Leonardo S.
Slide 9: FY 2017 Forecast
FY 2017 FORECAST TURNOVER: EBITDA: EBITDA NET FINANCIAL ~€4.2 MILLION1 POSITION: TOTAL EQUITY: ~€19.1 MILLION1 MARGIN: ~22% ~€8.3 MILLION +30% vs FY 2016 +34% vs FY 2016 ~€(3.5) MILLION Note 1 Consolidation of Stemar Consulting S.r.l. results for H2 2017 only. Consolidating Stemar Consulting S.r.l.
Slide 10: Group Guidelines 2017-2018
TPS GROUP 2017-2018 GUIDELINES 2017-2018 GUIDE LINES CONSOLIDATING ENLARGE AND INDUSTRY GEOGRAPHICAL MARKET POSITION EMPOWER OUR SET DIVERSIFICATION DIVERSIFICATION IN AEROSPACE OF TECHNICAL SERVICES TOWARD TOWARD USA, TECHNICAL SERVICES AND ENGINEERING FOR AUTOMOTIVE TURKEY AND MIDDLE AEROSPACE IND
Slide 11: Strategic Guidelines 2017-2018
TPS GROUP 2017-2018 STRATEGIC GUIDELINES 2017 2018 M&A ADDITIVE MANUFACTURING GUIDE TPS Group is considering new acquisitions to further TPS Group is exploring potential partnerships in order to consolidate its market leadership in aerospace technical start-up the production of aerospace parts and c
Slide 12: tes GROUP
tes GROUP