Tecnicas Reunidas Sa · BME:TRE
Tecnicas Reunidas Sa — Tecnicas Reunidas Sa Ord — 9M 2025 Earnings Presentation
14 slides from Tecnicas Reunidas Sa's earnings presentation, Nov 7, 2025
Slide 1: 9M 2025 Results
9M 2025 Results November 7th, 2025 Juan Lladó – Executive Chairman Eduardo San Miguel - CEO
Slide 2: Index
INDEX 1| Investor Day synopsis 2| Pipeline 3| Financial results 4| Final remarks
Slide 3: Investor Day synopsis
INDEX 1| Investor Day synopsis 2| Pipeline 3| Financial results 4| Final remarks
Slide 4: Investor Day synopsis - Solidly progressing towards our 2028 goals
Investor Day synopsis - Solidly progressing towards our 2028 goals 1 Services 2 Power Services business unit already Power business unit revenues projections, B€ halfway of 2028 target 2025-28: +1.0 B€ ~230 M€ revenues Annual 2025 Forecast revenue +300 M€ awards ambition 2020-24: ~0.3 B€ increased +
Slide 5: Investor Day synopsis - Solidly progressing towards our 2028 goals
Investor Day synopsis - Solidly progressing towards our 2028 goals AI, 3 North America 4 Decarbonization 5 Digitalization & Robotics • Strategic alliance signed with TR is ready to capture upcoming • +150 professionals with Zachry investment and already helping to extensive engineering, shape the fu
Slide 6: Pipeline
INDEX 1| Investor Day synopsis 2| Pipeline 3| Financial results 4| Final remarks
Slide 7: Pipeline – Robust and diversified pipeline enables selective growth
Pipeline – Robust and diversified pipeline enables selective growth 24-month Pipeline by geographies Total Commercial Pipeline 84.1 B€ EPC Europe and Rest of the World 85.9 B€ 1.8 B€ Services North America 13% 33% Commercial Pipeline by product Middle East and Asia Pacific Upstream 45% 53% LNG 26% P
Slide 8: Pipeline – Power in Europe & Services Potential Roll-Overs
Pipeline – Power in Europe & Services Potential Roll-Overs Services Power in Europe >400 M€ ~1.4 B€ Services awards pending of formal Contracts signed with RWE in Power signature: Early agreements in Pre- business: Early works and Engineering FEEDs and FEEDs prior to public auction 8
Slide 9: RWE award
RWE award • TR and GE Vernova selected by RWE to develop a hydrogen-ready combined cycle plant in Voerde, Germany (commissioning in 2030) • Initial operation: 50% natural gas / 50% hydrogen ready, capable of transitioning to 100% hydrogen • Project joins two others at Weisweiler and Gersteinwerk, al
Slide 10: Financial results
INDEX 1| Investor Day synopsis 2| Pipeline 3| Financial results 4| Final remarks
Slide 11: P&L
P&L Sales, M€ +65% 1.852 1,307 1,437 1,125 1,233 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 EBIT, M€ EBIT margin +78% 84,1 4.1% 4.3% 4.4% 4.5% 49.8 56.4 64.0 3.8% 47.2 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 2023 2024 Q1 2025 Q2 2025 Q3 2025 11
Slide 12: Balance sheet
Balance sheet Net cash position*, M€ Equity*, M€ Equity SEPI PPL 698 394 423 422 427 500 575 175 175 298 175 258 523 175 325 400 83 9M 2024 FY 2024 Q1 2025 H1 2025 9M 2025 2022 2023 2024 9M 2025 *SEPI PPL included 12
Slide 13: Final remarks
INDEX 1| Investor Day synopsis 2| Pipeline 3| Financial results 4| Final remarks
Slide 14: Final remarks - Financial guidance
Final remarks Financial guidance Revenues >6,250 M€ 2025 EBIT ~280 M€ EBIT margin 4.5% Revenues >6,500 M€ 2026 EBIT >325 M€ EBIT margin >5% 14
Tecnicas Reunidas Sa Ord — 9M 2025 Earnings Presentation on 6ix