Slide 1: Results Presentation Third Quarter 2023
Results Presentation Third Quarter 2023 14 November 2023
Slide 2: Disclaimer
Disclaimer This presentation has been prepared and issued by Talgo, S.A. (the “Company”) for the sole purpose expressed herein. Therefore, neither this presentation nor any of the information contained herein constitutes an offer, sale or exchange of securities, invitation to purchase, sale or excha
Slide 3: Executive Summary – Key Highlights
Executive Summary – Key Highlights ▪ Sustainability approach in all business activities. Decreasing 9M-2023 working accidents obtaining best rates of the last five years. Accident freq.1 7.30 ▪ Outstanding commercial momentum registering historical highs Business Severity2 0. 15 in new orders with v
Slide 4: Business performance (I/II)
Business performance (I/II) ▪ Recent awards consolidate Talgo presence and its state-of-the-art technology advantages in international markets… o DSB extension for the manufacturing of eight additional Talgo 230 compositions with value amounting €177 m1. o DB extension for the manufacturing of 56 ad
Slide 5: Business performance (II/II)
Business performance (II/II) ▪ Backlog increased by 52% in the year to reach €4.2 bn driving Talgo to its backlog historical highs and boosting its international presence. ▪ In addition, most relevant new orders are contract extensions (DB and DSB), which minimize execution risks and contribute visi
Slide 6: Main financial figures – P&L
Main financial figures – P&L Revenues (€m) aEbitda (€m) and margin (%) 470.3 64.5 +68% 70 +34% 60 352.2 38.5 50 40 30 13.7% 20 10.9% 10 0 9M-2022 9M-2023 9M-2022 9M-2023 aEBITDA aEBITDA margin ▪ Strong backlog determine expected revenue growth for the following years, already visible in 2023. ▪ In a
Slide 7: Outlook FY-2023
Outlook FY-2023 Current Outlook Updated Outlook Profitability ✓ aEBITDA: c. 12% c. 13% ✓ Working Capital: Stable3 Working Capital stable3 Capital structure ✓ Net Financial Debt: c. 2.0x aEBITDA c. 2.5x aEBITDA ✓ Capex: c. €30 m1 c. €20 m1 Business ✓ 2023-24 backlog execution: c. 40%2 c. 45%2 in 2023
Slide 8: Annex - Alternative Performance Measures: definitions
Annex - Alternative Performance Measures: definitions All regulated information, among others, annual accounts, annual report, results presentations, investors/analysts conference calls, press release or related information issued contains alternative performance measures (APMs) as defined in the Gu
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