Tecnicas Reunidas Sa · BME:TRE

Tecnicas Reunidas Sa — FY2018 Earnings Presentation

18 slides from Tecnicas Reunidas Sa's earnings presentation, Feb 28, 2019

  1. Slide 1: Full Year 2018 Results Presentation

    FULL YEAR 2018 RESULTS PRESENTATION FEBRUARY 28TH 2019 JUAN LLADÓ CEO

  2. Slide 2: Content

    CONTENT Results FY2018  Pipeline  Awards and backlog  Execution  Financial Results  Outlook 2

  3. Slide 3: TR has a strong franchise. We are about…

    TR HAS A STRONG FRANCHISE. WE ARE ABOUT… Results FY2018 QUALITY PIPELINE QUALITY BACKLOG QUALITY EXECUTION The recovery of Fresh and healthy Delivering the investment in backlog, entirely strategic projects our industry is a launched for recurrent reality clients 3

  4. Slide 4: Pipeline: increasing and dynamic

    PIPELINE: INCREASING AND DYNAMIC Results FY2018 50 Billion USD 45 40 35 45 39 30 35 25 2Q 2018 3Q 2018 YTD 2019 4

  5. Slide 5: Pipeline: diversified by products and geographies

    PIPELINE: DIVERSIFIED BY PRODUCTS AND GEOGRAPHIES Results FY2018 SPLIT BY GEOGRAPHIES SPLIT BY PRODUCTS 23% 36% 8% 55% 27% 5% Middle East Europe 14% Petrochemicals 32% Refining Latam Upstream - Oil & Gas RoW Power 5

  6. Slide 6: Content

    CONTENT Results FY2018  Pipeline  Awards and backlog  Execution  Financial Results  Outlook 6

  7. Slide 7: The dynamism of the pipeline has resulted in first class awards

    THE DYNAMISM OF THE PIPELINE HAS RESULTED IN FIRST CLASS AWARDS Results FY2018 Upstream Oil & Gas  Adgas ADNOC 4B$  Bu Hasa Petrochemicals ADNOC awards in  FEED LAB ADNOC/CEPSA the last 6 months Refining  South East Asia project Undisclosed Power & Water  Hamrijah Sumitomo/GE  Selected for com

  8. Slide 8: And the awards have resulted in a higher backlog

    AND THE AWARDS HAVE RESULTED IN A HIGHER BACKLOG Results FY2018 10.5 10 Billion Euro 2019YTD BACKLOG 9.5 9% 9 13% 8.5 10 8% 8 8.7 9 70% 7.5 7 Middle East Europe Latam RoW 3Q 2018 4Q 2018 YTD 2019 8

  9. Slide 9: Content

    CONTENT Results FY2018  Pipeline  Awards and backlog  Execution  Financial Results  Outlook 9

  10. Slide 10: Backlog execution: progressively back on track through 2019

    BACKLOG EXECUTION: PROGRESSIVELY BACK ON TRACK THROUGH 2019 Results FY2018 B€ 9.9 9.7 9.0 8.7 9.0 Backlog 14% 24% 24% 16% Construction Procurement 12% Engineering Non active 55% 48% Typical stages of main EPC projects in the backlog according to their progress at 7% closing date 4Q2017 1Q2018 2Q2018

  11. Slide 11: Successfully delivering strategic projects for prime customers

    SUCCESSFULLY DELIVERING STRATEGIC PROJECTS FOR PRIME CUSTOMERS Results FY2018 RAPID REFINERY MALAYSIA $1.5B AEGEAN REFINERY TURKEY $1.3B TOUAT GAZ ALGERIA $1.0B GASCO UAE $0.7B JAZAN REFINERY SAUDI ARABIA $2.6B $7.1 B 11

  12. Slide 12: Content

    CONTENT Results FY2018  Pipeline  Awards and backlog  Execution  Financial Results  Outlook 12

  13. Slide 13: Profit and Loss

    PROFIT AND LOSS Results FY2018 PROFIT AND LOSS € Million 2018 2017 Var. Revenues 4,396.3 5,067.9 -13%  In line with company EBITDA 61.1 121.9 -50% guidance Margin 1.4% 2.4%  Late start of large Adjusted EBIT* 62.1 100.4 -38% Margin 1.4% 2.0% refining projects EBIT 42.1 100.4 -58%  Unbalanced proj

  14. Slide 14: Cash position

    CASH POSITION Results FY2018 Net Cash Position M€  Favorable impact of working capital changes in the quarter 258  70% of the backlog in Middle East 231 219 207 189  Working capital needs at commissioning stage of projects 2017 1Q 2018 2Q 2018 3Q 2018 2018 14

  15. Slide 15: Content

    CONTENT Results FY2018  Pipeline  Awards and backlog  Execution  Financial Results  Outlook 15

  16. Slide 16: Guidance and business outlook

    GUIDANCE AND BUSINESS OUTLOOK Results FY2018 GUIDANCE  Backlog increase in line with the higher level of bidding 2019  Stable sales  Progressive margin recovery, approaching 4% in the last part of 2019  Shareholder remuneration in line with market recovery BUSINESS  Confirmed market recovery re

  17. Slide 17: 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

  18. Slide 18: Tecnicas Reunidas

    a TECNICAS REUNIDAS

Técnicas Reunidas — FY2018 Earnings Presentation on 6ix