Slide 1: 9M 2022 Results
9M 2022 R ESULTS November 8, 2022 www.fincantieri.com
Slide 2: Safe Harbor Statement
Safe Harbor Statement This Presentation contains certain forward-looking statements. Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words "believes," "expects," "predicts," "intends," "projects," "pl
Slide 3: Agenda
E xe c u t i ve S u m m a r y B u s i n e s s U p d ate F i n a n c i a l Re s u l t s M a r ke t O u t l o o k C o n c l u d i n g Re m a r ks Appendix
Slide 4: Executive Summary
EXECUTIVE SUMMARY FINCANTIERI The sea ahead
Slide 5: Financial and operating highlights
9M 2022 Results Executive Summary Business Update Financial Results Market Outlook Concluding Remarks Financial and operating highlights (€ mln) Revenues EBITDA Order intake Net financial position 7.3% 3.2% 3,285 3,296 5,315 3,030 4,536 2,322 2,238 330 172 9M 2021 9M 2022 9M 2021 9M 2022 9M 2021 9M
Slide 6: Business Update
BUSINESS UPDATE FINCANTIERI The sea ahead
Slide 7: Positive business operating performance both in Cruise and Naval
9M 2022 Results Executive Summary Business Update Financial Results Market Outlook Concluding Remarks Positive business operating performance both in Cruise and Naval ▪ MoA with MSC for the construction of two next generation hydrogen-powered luxury cruise ships to be delivered by 2028 ▪ Ultra-luxur
Slide 8: Major agreements for green and next generation cruise ships in 3Q 2022
9M 2022 Results Executive Summary Business Update Financial Results Market Outlook Concluding Remarks Major agreements for green and next generation cruise ships in 3Q 2022, strengthening the partnership with consolidated clients and welcoming newcomer luxury brands Viking ▪ The collaboration with s
Slide 9: Well-balanced visibility and deliveries up to 2029
9M 2022 Results Executive Summary Business Update Financial Results Market Outlook Concluding Remarks Well-balanced visibility and deliveries up to 2029 Shipbuilding Offshore & Specialized Vessels # ship deliveries # ship deliveries CRUISE 2022 4 3 7 NAVAL 2022 5 2 7 OSV 2022 3 5 8 28 VESSELS 32 VES
Slide 10: Financial Results
FINANCIAL RESULTS FINCANTIERI The sea ahead
Slide 11: Stable backlog with first signs of order resumption in Cruise and Offshore
9M 2022 Results Executive Summary Business Update Financial Results Market Outlook Concluding Remarks Stable backlog with first signs of order resumption in Cruise and Offshore Order intake breakdown by segment Total backlog breakdown by segment1 € mln € mln ▪ Order intake at €3.3 bn, with major con
Slide 12: Revenues up 17% with a positive contribution from Offshore & Specialized Vessels
9M 2022 Results Executive Summary Business Update Financial Results Market Outlook Concluding Remarks Revenues up 17% with a positive contribution from Offshore & Specialized Vessels Revenues breakdown by segment1 € mln +17.2% Revenues up 17% YoY at €5,315 mln 5,315 ▪ Shipbuilding up 9.1% YoY, with
Slide 13: Operating performance at 3.2% margin, impacted by 1H 2022 one offs
9M 2022 Results Executive Summary Business Update Financial Results Market Outlook Concluding Remarks Operating performance at 3.2% margin, impacted by 1H 2022 one offs EBITDA breakdown by segment € mln EBITDA margin at 3.2% impacted by lower marginality in Infrastructure, raw materials inflation, 1
Slide 14: Improved NFP when compared to 1H 2022, consistent with delivery schedule
9M 2022 Results Executive Summary Business Update Financial Results Market Outlook Concluding Remarks Improved NFP when compared to 1H 2022, consistent with delivery schedule Net Working Capital1 breakdown by component Net Financial Position2 breakdown by component € mln € mln ▪ Net financial positi
Slide 15: Market Outlook
MARKET OUTLOOK FINCANTIERI The sea ahead
Slide 16: Cruise full recovery expected in 2023
9M 2022 Results Executive Summary Business Update Financial Results Market Outlook Concluding Remarks Cruise full recovery expected in 2023 Operations and market outlook ▪ 94% of the global fleet back in operation at the end of September 20221, with load factors approaching pre-pandemic levels ▪ Maj
Slide 17: Naval likely to benefit from higher defence budgets and new opportunities in Offshore
9M 2022 Results Executive Summary Business Update Financial Results Market Outlook Concluding Remarks Naval likely to benefit from higher defence budgets and new opportunities in Offshore ▪ Global defence spending reached USD 2.09 trillion in 2021, with a compound annual growth rate of ca. 2.0% (CAG
Slide 18: Concluding Remarks
CONCLUDING REMARKS FINCANTIERI The sea ahead
Slide 19: Concluding remarks
9M 2022 Results Executive Summary Business Update Financial Results Market Outlook Concluding Remarks Concluding remarks Assuming no further deterioration of the current scenario, we confirm our expectations: - 2022 revenues higher than in 2021 - 2H 2022 marginality higher than in 1H 2022 - Net fina
Slide 20: Q&A
Q&A FINCANTIERI The sea ahead
Slide 21: Investor Relations contacts
Investor Relations contacts I N V E S TO R R E L AT I O N S T E A M Paola Dimario +39 040 319 2279 paola.dimario@fincantieri.it Caterina Venier-Romano +39 040 319 2229 caterina.venierromano@fincantieri.it Martina Saiu +39 040 319 2672 martina.saiu@fincantieri.it INSTITUTIONAL INVESTORS investor.rela
Slide 22: Appendix
APPENDIX FINCANTIERI The sea ahead
Slide 23: Focus on Shipbuilding
9M 2022 Results Focus on Shipbuilding Orders, backlog and deliveries Revenues EBITDA Capex € mln € mln € mln ▪ Orders: €2,262 mln (€1,286 mln in 9M 2021) ▪ Backlog: €20,399 mln (€23,010 mln in 3,912 4,268 9M 2021) 7.6% 5.7% 1,305 ▪ Deliveries: 1,140 - Discovery Princess for Princess Cruises - OPV Mu
Slide 24: Focus on Offshore & Specialized Vessels
9M 2022 Results Focus on Offshore & Specialized Vessels Orders, backlog and deliveries Revenues EBITDA Capex € mln € mln € mln ▪ Orders: €541 mln (€377 mln in 9M 2021) - 6 marine robotic vessels for Ocean Infinity 2.1% 2.7% - 1 fishery for Deutsche Fischfang – Union - 2 CSOV for Norwind 554 ▪ Backlo
Slide 25: Focus on Equipment, Systems & Services
9M 2022 Results Focus on Equipment, Systems & Services Orders, backlog and deliveries Revenues EBITDA Capex € mln € mln € mln ▪ Orders: €858 mln (vs €907 in 9M 2021) 6.4% -4.8% ▪ Backlog: €3,423 mln vs €3,594 mln in 9M 2021 58 1,126 (55) 897 31 20 9M 2021 9M 2022 9M 2021 9M 2022 9M 2021 9M 2022 EBIT
Slide 26: Tireless effort to become a model of excellence acknowledged at the international level
9M 2022 Results Tireless effort to become a model of excellence acknowledged at the international level A- (D>A) Stable 1 57 (0>100) Positive Ratings 19.7 and (40>0) Positive (low risk) scores 2 70 (0>100) Positive 87 (0>100) Positive 3 Awards 1. As of July 15, 2022 2. Formerly known as V.E 3. Ranke
Slide 27: Key ESG initiatives signed in 2022
9M 2022 Results Key ESG initiatives signed in 2022 GREEN R&I program on energy efficiency, renewable energy generation systems for the production and distribution of hydrogen, fuel cells and circular economy Developing synergies for decarbonization, with a focus on alternative fuels, carbon capture