Tecnicas Reunidas Sa · BME:TRE
Tecnicas Reunidas Sa — 9M 2022 Earnings Presentation
14 slides from Tecnicas Reunidas Sa's earnings presentation, Nov 8, 2022
Slide 1: 9M 2022 Results Presentation
9M 2022 RESULTS PRESENTATION NOVEMBER 8TH 2022 JUAN LLADÓ – EXECUTIVE CHAIRMAN EDUARDO SAN MIGUEL - CEO
Slide 2: Index
INDEX 1) CHAIRMAN INITIAL REMARKS AND PIPELINE 2) 9M 2022 RESULTS AND GUIDANCE 2
Slide 3: Chairman Initial Remarks and Pipeline
CHAIRMAN INITIAL REMARKS AND PIPELINE EXECUTIVE CHAIRMAN Juan Lladó 3
Slide 4: Chairman Initial Remarks
CHAIRMAN INITIAL REMARKS Major investment wave in the energy sector forthcoming: Middle 1 East as the key region 2 Normalized execution scenario allows : o Quarterly sales to reach >€1bn o Quarterly operating margin (EBIT) at 2.3% 3 Guidance confirmed and reinforced 4
Slide 5: Unseen Investment Wave Expected for the Next Decade
UNSEEN INVESTMENT WAVE EXPECTED FOR THE NEXT DECADE Global investments in the energy sector, B$ Source: TR based on McKinsey public information • Expected largest investment wave 619 of the last decade: Addressable TR o Historical underinvestment…. 2021 652 B$ o …despite rising global demand 384 for
Slide 6: TR's Engineering and Project Execution Capabilities
TR’S ENGINEERING AND PROJECT EXECUTION CAPABILITIES More than 4,300 engineers designing plants worldwide Madrid HUB Turkey 18% India ROW 82% Cartagena engineering Middle East offices Chile 6
Slide 7: Pipeline
PIPELINE 2022 – 2023 Pipeline B€ • Clients and investors announcing an 48.0 acceleration in their investment processes • FEED sanctions speeding up 22.5 • Clients requesting engineering slots 6.5 • Acceleration of energy transition projects Total Pipeline Key opportunities New expected awards 7
Slide 8: 9M 2022 Results and Guidance
9M 2022 RESULTS AND GUIDANCE CEO Eduardo San Miguel 8
Slide 9: 9M 2022 Results
9M 2022 RESULTS €M Sales 1.181 1.156 928 881 763 773 Q3 2022 9M 2022 700 712 659 682 703 Sales €1,156m €2,810m Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 EBIT €27m €-30m €M Net cash evolution in 9M 2022 Net cash position(1) €104m €104m -80 +134 +5
Slide 10: Guidance
GUIDANCE • Normalized execution scenario allow quarterly sales to reach again H2 2022 Guidance pre-pandemic levels (>€1bn) Sales €2,100M - €2,300M • Current backlog already secures €4Bn EBIT margin 2.5% - 3.0% sales and 4% EBIT margin for 2023 10
Slide 11: Guidance
GUIDANCE • Normalized execution scenario allows sales to reach pre-Covid levels Mid-term target Awards €5B • A forthcoming major investment wave in the energy sector Sales €5B • Middle East as the key region in the EBIT 4% upcoming large investment cycle 11
Slide 12: Tecnicas Reunidas
y TECNICAS REUNIDAS
Slide 13: 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. This document contains forward-looking statements of the Company and/or its management. These forward looking statemen
Slide 14: Pipeline Analysis
PIPELINE ANALYSIS Pipeline per division Pipeline per calendar Pipeline per geography (expected award date) 1% 1% 20% 17% Middle East 9% 3% Clean Fuels 21% Asia Pacific 8% Petrochemical 36% H2 2022 Europe Energy Transition H1 2023 Natural Gas H2 2023 LatAm 15% Other 33% H1 2024 34% 28% North America