Talgo Sa · BME:TLGO
Talgo Sa — Q3 2024 Earnings Presentation
7 slides from Talgo Sa's earnings presentation, Nov 19, 2024
Slide 1: Results Presentation Q3-2024
Results Presentation Q3-2024 19 November 2024
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 ▪ Magyar Vagon takeover bid for 100% Talgo shares was rejected Q3-2024 by Spanish Government1. Currently SIDENOR industrial group considering acquisition of total or partial share capital1. Accident freq.2 8.50 Business ▪ Delivery (RPP*) of Renfe VHS trains started
Slide 4: Business performance
Business performance ▪ Order backlog reached €4.0 bn in Q3-2024, comprising new orders registered in the period with value amounting 228 €m (508 €m in October 2024) o Renfe VHS trains are under delivery process (23 trains already delivered) and on commercial operations. o DB and DSB as main manufact
Slide 5: Key financial figures
Key financial figures Revenues 9M-2024 (€m) EBITDA 9M-2024 (€m) and margin (%) 497.8 100 470.3 90 80 70 62.6 60 57.7 50 40 13.3% 11.6% 30 20 10 0 9M-2023 9M-2024 9M-2023 9M-2024 EBITDA EBITDA margin ▪ Revenues reached €497.8 m in 9M-2024 reflecting the manufacturing activity of the main projects, ma
Slide 6: Outlook update for FY-2024
Outlook update for FY-2024 Current outlook Previous Outlook FY-2025 FY-2024 Profitability ✓ EBITDA: c. 11.5% c. 11.5% ✓ Working Capital: Increase3 Increase3 Reduce3 Capital structure ✓ Net Financial Debt: c. 3.5x EBITDA4 4.0-5.0x EBITDA4 c. 3.5x EBITDA4 ✓ Capex: c. €30 m1 Capex: c. €30 m1 Business ✓
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