Slide 1: 1H2016 results presentation
Partner in a changing world 1H2016 results presentation 8th September 2016
Slide 2: Solutions partner for your world
Solutions partner for your world Tesmec Group is leader in the market of the infrastructures related to the transport and distribution of energy, data and material. We focus on strategic markets for the growth and modernization of every country. ENERGY RAILWAY UNDERGROUND 2
Slide 3: Market overview & Strategic update
Market overview & Strategic update INVESTMENTS IN Market scenario RENTING VS BUYING SAFETY, SUSTAINABILITY & NEW INFRASTRUCTURES EQUIPMENT BECOME A CONNECTIVITY AS KEY evolution GROWING TREND DEVELOPMENT DRIVERS SENSITIVE TO ECONOMIC CYCLES NEW VALUE PROPOSITION: FOCUS ON NOT-CYCLICAL NEW BUSINESS M
Slide 4: 1H2016 Economic Results
1H2016 Economic Results GROUP (€ mln) 1H2016 1H2015 Delta % ENERGY 1H2016 1H2015Delta % Revenues 74,0 85,1 -13,0% Revenues 22,2 45,9 -51,6% EBITDA 7,4 14,2 -47,9% EBITDA 2,5 8,2 -69,5% % on Revenues 10% 17% % on Revenues 11% 18% EBIT 1,4 9,6 -85,4% % on Revenues 2% 11% TRENCHERS 1H2016 1H2015Delta %
Slide 5: Revenues 1H2016 vs 1H2015
Revenues 1H2016 1H2015 17% 11% 6% 22% 21% 9% 43% 19% 8% 15% 17% 12% INTERNATIONAL SCALE AND EXPOSURE TO GROWING ECONOMIES Italy Europe Middle East BRICs and Oceania 1H2015: SALES IN EUROPE INFLUENCED BY THE IMPACT OF THE EXTRAORDINARY Africa ORDER OF STRINGING EQUIPMENT FOR PROJECT IN BRAZIL North-C
Slide 6: EBITDA 1H2016
EBITDA 1H2016 20 TRADING 15 9,4 SERVICE 10 (1,6) 0,2 0,1 14,2 (3,7) 5 7,4 (11,1) 0 EBITDA Revenues Raw materials Cost for Personnel Equity Capitalized EBITDA 1H2015 & other costs Services Costs Investments R&D Expenses 1H2016 1H2015 Cost variances reflect heavier service activity 1H2016 6
Slide 7: 1H2016 Financial Results
1H2016 Financial Results Financial Information (Euro mln) 1H2016 1Q2016 2015 Net Working Capital 70,0 80,6 63,5 Non Current assets 87,1 81,8 83,9 Other Long Term assets/liabilities (1,2) (1,2) (1,7) Net Invested Capital 155,9 161,2 145,7 Net Financial Indebtness 104,8 107,1 89,9 Equity 51,1 54,1 55,
Slide 8: Working Capital Evolution
Working Capital Evolution Days Euro Mln 1H2016 1Q2016 2015 1H2016 Trade Receivables 53,8 63,2 50,9 131 Inventories 60,1 60,1 58,9 152 Work in progress contracts 2,3 2,7 3,8 Trade Payables (32,7) (34,0) (39,0) -80 Other Current Assets/(Liabilities) (13,5) (11,4) (11,1) -33 Net Working Capital 70,0 80
Slide 9: Net Financial Position Evolution
Net Financial Position Evolution Operating Net Financial Position without figurative debt for Grassobbio premises 120 105 2,6 2,8 1,0 IAS17 90 1,2 3,3 4,6 IAS17 17,2 75 17,8 60 45 87,6 30 72,1 15 0 NFP OFCF NWC Other Dividend Int.exp. Taxes NFP FY 2015 capex Net paid net 1H2016 2015 NFP increase has
Slide 10: Outlook 2H2016
Outlook 2H2016 Increase in business VOLUMES and MARGINS Relevant projects related to the offer of VALUE ADDED SOLUTIONS and complementary services Finalization of orders and important ongoing negotiations for INNOVATIVE RAILCARS that will replace the existing vehicles Consolidation of the INTEGRATIO
Slide 11: Trencher business highlights
Trencher business highlights Business model: FROM sales TO value added solutions and services Need of integrated technological platforms for TELECOM and ENERGY 2H2016 outlook REPOSITIONING in the market segment of SERVICES BUSINESS MODEL: and INTEGRATED SOLUTIONS • Reduction of stock with decrease o
Slide 12: Railway business highlights
Railway business highlights Certified technologies already in compliance with the highest standards of the European rules Growing pressure on SAFETY and ENVIRONMENTAL issues 2H2016 outlook DESIGN of INNOVATIVE RAILCARS that will replace the Investments of rail operators for the RENEWAL OF existing v
Slide 13: Energy business highlights
Energy business highlights Consolidation of the integration strategy in the sector smart technologies for power lines Increasing demand of MODERNIZATION and EFFICIENCY of power grids worldwide 2H2016 outlook COMPLETION of SOLUTIONS PORTFOLIO in order to OPPORTUNITIES in strategic countries like Ital
Slide 14: Order Book 1H2016
ENERGY Order Book 1H2016 € mln 25 22,2 20 17,8 14,8 15 10,4 TRENCHERS 10 € mln 5 49,4 50 45,7 0 41,1 37,4 Order 1H2016 Order Order 40 book Revenues Intake book FY 2015 1H2016 30 20 10 RAILWAY 0 € mln Order book 1H2016 Order Order book 15 13,7 FY2015 Revenues Intake 1H2016 10,4 12 7,7 8,4 61,5 9 37,4
Slide 15: Summary 1H2016 Profit & Loss statement
Summary 1H2016 Profit & Loss statement Delta vs Profit & Loss Account (€ mln) 1H2016 1H2015 Delta % 2015 Net Revenues 74,0 85,1 (11,1) -13,0% Raw materials costs (-) (31,1) (44,0) 12,9 -29% Cost for services (-) (15,4) (13,8) (1,6) 12% Personnel Costs (-) (19,8) (16,1) (3,7) 23% Other operating reve
Slide 16: Summary 1H2016 Balance Sheet
Summary 1H2016 Balance Sheet Balance Sheet (€ mln) 1H2016 2015 Inventory 60,1 58,9 W ork in progress contracts 2,3 3,8 Accounts receivable 53,8 50,9 Accounts payable (-) (32,7) (39,0) Op. working capital 83,5 74,6 Other current assets (liabilities) (13,5) (11,1) Net working capital 70,0 63,5 Tangibl
Slide 17: Disclaimer
Disclaimer The Manager responsible for preparing the company’s financial reports, Andrea Bramani, declares, pursuant to paragraph 2 of Article 154-bis of the Consolidated Law on Finance, that the accounting information contained in this presentation corresponds to the document results, books and acc