Tecnicas Reunidas Sa · BME:TRE

Tecnicas Reunidas Sa — Q1 2019 Earnings Presentation

15 slides from Tecnicas Reunidas Sa's earnings presentation, May 16, 2019

  1. Slide 1: First Quarter 2019 Results Presentation

    FIRST QUARTER 2019 RESULTS PRESENTATION MAY 16TH 2019 JUAN LLADÓ CEO

  2. Slide 2: Content

    CONTENT Results 1Q 2019  Awards and pipeline  Backlog  Financial Results  Outlook 2

  3. Slide 3: Recent awards: ExxonMobil Singapore Refining project

    THE RECENT AWARDS ARE A GOOD INDICATOR OF THE MARKET RECOVERY Results 9M 2018 ExxonMobil Singapore Refining project  EPC contract for process units at its Singapore refinery expansion project.  The contract has a value of approximately US$1.5 billion over a duration of 43 months.  The refinery ex

  4. Slide 4: Recent awards: Combined cycle in Abu Dhabi

    THE RECENT AWARDS ARE A GOOD INDICATOR OF THE MARKET RECOVERY Results 9M 2018 Combined cycle in Abu Dhabi  New combined cycle power plant for Sumitomo & GE EFS in Hamriyah, in the United Arab Emirates.  The contract value for Técnicas Reunidas will be above 350 million dollars  This new combined

  5. Slide 5: Pipeline: increasing and dynamic

    PIPELINE: INCREASING AND DYNAMIC Results 1Q 2019 Billion USD 50 45 40 35 45 47 30 39 25 3Q 2018 4Q 2018 1Q 2019 5

  6. Slide 6: Content

    CONTENT Results 1Q 2019  Awards and pipeline  Backlog  Financial Results  Outlook 6

  7. Slide 7: The awards have resulted in a higher backlog

    THE AWARDS HAVE RESULTED IN A HIGHER BACKLOG Results 1Q 2019 SPLIT BY PRODUCTS 0.5 10 Billion Euro 33% 9.5 9 5% 8.5 10.0 Downstream 8 8.7 9.0 62% 7.5 Upstream & Gas 7 Power & Water 3Q 2018 4Q 2018 1Q 2019 7

  8. Slide 8: Backlog execution: progressively back on track through 2019

    BACKLOG EXECUTION: PROGRESSIVELY BACK ON TRACK THROUGH 2019 Results 1Q 2019 B€ 9.7 10.0 Backlog 16% 25% 14% 14% Construction Procurement Engineering 26% Non active 65% 34% Typical stages of main EPC projects in the backlog according to their progress at closing date 6% 1Q2018 1Q2019 8

  9. Slide 9: Content

    CONTENT Results 1Q 2019  Awards and pipeline  Backlog  Financial Results  Outlook 9

  10. Slide 10: Profit and Loss

    PROFIT AND LOSS Results 1Q 2019 PROFIT AND LOSS 1Q 2019 1Q 2018 Var. € Million  In line with company Revenues 915 1,161 -21% guidance EBITDA* 19.9 9.1 +119% Margin 2.2% 0.8%  Unbalanced backlog: EBIT* 10.6 4.9 +116% lower sales impact the Margin 1.2% 0.4% Net financial results* -3.6 -4.1 operation

  11. Slide 11: Cash position

    CASH POSITION Results 1Q 2019 Net Cash Position M€  Stable cash position around this level in recent quarters. 258  68% of the backlog in Middle East 219 207 219 189  Working capital needs at commissioning stage of projects 1Q 2018 2Q 2018 3Q 2018 2018 1Q2019 11

  12. Slide 12: Content

    CONTENT Results 1Q 2019  Awards and pipeline  Backlog  Financial Results  Outlook 12

  13. Slide 13: Guidance and business outlook

    GUIDANCE AND BUSINESS OUTLOOK Results 1Q 2019 MARKET  All products at a high demand OUTLOOK o New investments in oil production o High demand for gas infrastructure, Asia, Europe and Middle East o Refining: grassroots, expansions, upgrades and environmental regulation o Super-cycle in petrochemical

  14. Slide 14: Disclaimer

    DISCLAIMER This document has been prepared by Técnicas Reunidas S.A. (the Company) solely for use at presentations held in connection with the announcement of the Company's results for the full year 2018. This document contains forward-looking statements of the Company and/or its management. These f

  15. Slide 15: Tecnicas Reunidas

    y TECNICAS REUNIDAS

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