Tesmec S.p.a. · MIL:TES
Tesmec — European Midcap Event Frankfurt 2013
26 slides from Tesmec's conference presentation, Feb 19, 2013
Slide 1: Tesmec Group Presentation
Tesmec Group Presentation European Midcap Event Frankfurt February 19th, 2013 Corporate
Slide 2: Index
Index Market & Strategy Integrated Solutions Main Financial Data 2/25
Slide 3: Tesmec markets
Tesmec markets MARKET: Energy & Data Transportation GROWTH DRIVERS: Worldwide large investments in infrastructures Electricity Oil, Gas Railway Mining & Quarries and data and Water Increase in electricity Growth in investments Increase in oil and water Growing global demand consumption world
Slide 4: Global overview
Global overview Major global infrastructure plans totaling $4 trillion over the next 20 years RUCIS Infrastructure (ca.$575B) “Plan Nord” Energy in Canada (ca.$25B) China’s 12th FYP in rail industry (ca.$230B) Rail investment Iraq “5-yr” plan China’s 12th FYP in plan (ca.$186B) power industry (ca.$5
Slide 5: Growth Drivers
Growth Drivers STRINGING & GRIDS EFFICIENCY TRENCHERS Where there are infrastructure projects... there is Tesmec RAILWAY 5/25
Slide 6: Business overview
Business overview MISSION: to operate in strategic markets for the growth and the modernization of every country in the world From.. .. To .. Overhead & Urban Overhead & Power and Railway Urban Civil Civil Trenching Underground Construction Underground Smart Grids Lines Construction Infrastructure I
Slide 7: Tesmec Group Strategy
Tesmec Group Strategy LEADERSHIP Focus on QUALITY to get the PREMIUM Sector of the market 7/25
Slide 8: Research & Development: Innovation
Research & Development: Innovation > 5%* OF TOTAL REVENUES INVESTED EVERY YEAR IN INTERNAL R&D *AVERAGE AMOUNT Tesmec believes that collaboration with academic world and research institutions generates a business model to successfully overcome the complex dynamics of the global market. University of
Slide 9: Market Position: Internationalization
Market Position: Internationalization STRINGING Global market TRENCHER RAILWAY Specific Markets North America, Middle East, Specific Markets South Africa North America, Italy, Norway, China, Turkey, Russia GRIDS EFFICIENCY Specific Markets Italy, Russia, Turkey, Middle East, Nigeria 9/25
Slide 10: Global Footprint
Global Footprint EASTRENCHERS Te Posen near TESMEG SERVICE TESMEC 5S; vel Tecmex PYC —% Tesmec RUS TESMEC BALKANI TESMECG PENINSULA ' 10/25
Slide 11: Key Partnership: Integration
Key Partnership: Integration STRATEGIC JV TECHNOLOGICAL AGREEMENT COLLABORATION ACQUISITIONS WITH ACADEMIC WORLD PARTNERSHIP WITH KEY PLAYERS 11/25
Slide 12: Index
Index Market & Strategy Integrated Solutions Main Financial Data 12/25
Slide 13: Stringing Equipment
Stringing Equipment APPLICATIONS Overhead & High, Extra and Ultra high voltage overhead transmission lines up to Underground 1200kV AC and 800 kV DC Power Lines Medium voltage distribution lines Transmission & Fiber optic lines (OPGW, ADSS) Distribution Underground cables Networks INNOVATION
Slide 14: Trenchers
Trenchers APPLICATIONS Civil Oil & Gas pipelines, Water and sewage lines Infrastructure Utilities Telecom networks and power cable installation Pipelines Bulk excavation of rock and Quarries Telecom Dewatering and drainages Bulk Excavation Agricultural applications INNOVATION Developme
Slide 15: Railway
Railway APPLICATIONS Railway Stringing New Lines & Reconductoring Old Lines Lines Maintenance operations (services, inspection, repairing & replacing catenary parts) Railway Diagnostic Electrification & Specialized non standard applications Maintenance INNOVATION Design and development of
Slide 16: Trenching Services
Trenching Services DESIGN Trenching Tender Analysis, Feasibility Study, Preliminary Survey, Route Detailed Survey, Services Preliminary and detailed Infrastructure Design for Civil Works, Bill of Quantities OPERATIONS Trenching, Ducts/Cable Laying, Bedding and Padding, Backfilling Special SUPPOR
Slide 17: Power and Smart Grids
Power and Smart Grids APPLICATIONS Power and Transmission Lines (High Voltage) Smart Grids Distribution Lines (Medium and Low Voltage) Transmission & Distribution Networks Sensing, Analytics and Control INTEGRATED Tele-protection SYSTEMS Remote Monitoring 17/25
Slide 18: Gallmac machines
Gallmac machines APPLICATIONS Urban Road jobs Construction Construction Utilities Road Jobs Railway application Construction Utilities MULTIPURPOSE USA: new target market MACHINES 18/25
Slide 19: Index
Index Market & Strategy Integrated Solutions Main Financial Data 19/25
Slide 20: International Presence by Revenues
International Presence by Revenues +7% in 2012 112 Mln € in 2011 (+6%) 105 Mln € in 2010 EXPORT 95 % America Europe & Africa Asia 1/3 1/3 1/3 20/25
Slide 21: Key Projects
Key Projects GRIDS EFFICIENCY Agreement with FSK in Russia STRINGING Big Projects in USA RAILWAY (Tesmec-Condux) RAILWAY New technologies Catenary for RFI in Italy RAILWAY TRENCHERS Installation in China Strategic Project Development in with Amtrak in USA Qatar&Saudi Arabia SPECIALIST SERVICES Platf
Slide 22: Tesmec Group key numbers 2010 - 2012
Tesmec Group key numbers 2010 - 2012 REVENUE EBITDA Mln € Mln € 160 35 140 +7% CAGR (‘10-’12) 30 CAGR (’10-’12) 112 +25% 120 105 7% 25 15% 19 100 15 20 80 Last quarter Last quarter 15 60 9M 9M 10 40 20 5 0 0 NFP Mln € 80 60* -5% 60 33 40 (*) IAS 17 for Grassobbio premises has 20 an increase effect o
Slide 23: Revenue by Division numbers 2010 - 2012
Revenue by Division numbers 2010 - 2012 STRINGING TRENCHER Mln € Mln € 90 70 80 +6% CAGR (‘10-’12) CAGR (‘10-’12) 65 60 70 65 3% +9% 13% 47 60 50 40 50 40 Last quarter Last quarter 40 30 30 9M 9M 20 20 10 10 0 0 23/25
Slide 24: Outlook 2013 - 2015
Outlook 2013 - 2015 Revenue increase in all lines of business for the next 3 years: - Single digit in Stringing and Trencher; - Double digit in new business lines (Railway, Efficiency and Special Contracting). Financial: - No increase in Share Capital; - Dividend pay-out ratio increasing; - Capex in
Slide 25: Shareholding Structure
Shareholding Structure Albemarle AM Italiana Alimenti 2,10% Treasury Share 5,34% Lazard Freres Gestion 1,47% 3T Finanziaria S.p.A. S.A.S. 7,45% 2,07% TTC S.r.l. 30,30% Free float 38,44% Shares directly owned by Directors FI.IND S.p.A. 0,29% 12,54% 25/25
Slide 26: TESMEC S.p.A - Headquarters
TESMEC S.p.A - Headquarters via Zanica, 17/O - 24050 Grassobbio (BG) - Italy Tel. +39.035.423 2911 - Fax +39.035.4522444 Management and Administration Fax +39.035.4522445 Stringing Equipment Division - Fax +39.035.335664 Trencher Division www.tesmec.com - info@tesmec.it