Eurotech S.p.a. · MIL:ETH
Eurotech — H1 2019 Earnings Presentation
16 slides from Eurotech's earnings presentation, Sep 6, 2019
Slide 1: 2019 First Half Results Conference Call
2019 FIRST HALF RESULTS CONFERENCE CALL September 6th, 2019
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Eurotech S.p.A. (or “Eurotech”) and has to be read in conjunction with its oral presentation. The information contained in this presentation does nor purport to be comprehensive. Neither Eurotech nor any of its officers, employees, advisers or agents
Slide 3: Financial Highlights 30 June 2019
FINANCIAL HIGHLIGHTS 30 June 2019 3 3
Slide 4: Revenues
REVENUES 30 June 2019-2018 (€/000) 60 50 40 30 20 10 - 2019 6M 2018 4
Slide 5: Revenues by Geographic Area
REVENUES BY GEOGRAPHIC AREA 30 June 2019-2018 (€/000) €'000 1H 2019 % 1H 2018 % var. % BREAKDOWN BY GEOGRAPHIC AREA European Union 11,855 22.4% 8,327 22.3% 42.4% United States 27,134 51.2% 15,511 41.6% 74.9% Japan 12,153 22.9% 12,446 33.3% -2.4% Other 1,896 3.6% 1,038 2.8% 82.7% TOTAL SALES AND SERV
Slide 6: Gross Profit Margin
GROSS PROFIT MARGIN 30 June 2019-2018 (€/000) 30 49.7% 25 20 48.3% 15 10 5 - 6M 2019 2018 6
Slide 7: EBITDA
EBITDA 30 June 2019-2018 (€/000) 12 20.5% 10 10,874 8 6 4 9.7% 3,629 2 - 6M 2019 2018 7
Slide 8: EBIT
EBIT 30 June 2019-2018 (€/000) 10 16.9% 9 8 7 6 5 4 3 7.2% 2 1 - 6M 2019 2018 8
Slide 9: Group's Net Result
GROUP’s NET RESULT 30 June 2019-2018 (€/000) 16.7% 5.1% 1,913 6M 2019 2018 9
Slide 10: Net Debt
NET DEBT 30 June 2019, 31 December 2018 and 30 June 2018 (€/000) at Jun 30, 2019 at Jun 30, 2019 at Dec 31, 2018 at Jun 30, 2018 (NO IFRS 16) 10
Slide 11: Equity, Cash and Net Debt
EQUITY, CASH AND NET DEBT 30 June 2019 and 31 December 2018 (€/000) 120,000 100,000 80,000 60,000 20,414 13,196 40,000 1,332 930 20,000 0 at Jun 30, 2019 at Dec 31, 2018 SHAREHOLDERS' EQUITY NET FINANCIAL POSITION CASH & CASH EQUIVALENTS 11
Slide 12: Net Working Capital
NET WORKING CAPITAL 30 June 2019 ,31 December 2018 and 30 June 2018 (€/000) at Jun 30, 2019 at Dec 31, 2018 at Jun 30, 2018 12
Slide 13: Employees
EMPLOYEES Headcount at the end of each period 0 0 0 0 0 at Jun 30, 2019 at Dec 31, 2018 at Jun 30, 2018 13
Slide 14: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT €'000 1H 2019 % 1H 2018 % OPERATING RESULTS SALES REVENUES 53,038 100.0% 37,322 100.0% GROSS PROFIT 26,340 49.7% 18,034 48.3% EBITDA 10,874 20.5% 3,629 9.7% EBIT 8,944 16.9% 2,681 7.2% PROFIT (LOSS) BEFORE TAXES 8,692 16.4% 2,610 7.0% GROUP NET PROFIT (LOSS) FOR THE PER
Slide 15: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET at Jun 30, 2019 at Dec 31, 2018 at Jun 30, 2019 at Dec 31, 2018 (€'000) (€'000) LIABILITIES AND EQUITY ASSETS Share capital 8,879 8,879 Intangible assets 87,896 85,369 Share premium reserve 136,400 136,400 Property, Plant and equipment 6,550 2,579 Other reserves (32,414) (
Slide 16: Thank You!
Thank You! www.eurotech.com