Slide 1: Martifer Group Earnings Release 2015
MARTIFER GROUP BUILDING THE TOMORROW TODAY EARNINGS RELEASE 2015
Slide 2: Highlights
HIGHLIGHTS
Slide 3: Highlights
HIGHLIGHTS • Turnover reaches 221 M€ (+17 % YTD) • Significant recovery in the operational performance, with a positive EBITDA of around 11.4 M€ RESULTS ANALYSIS • Positive Net Profit of 1.2 M€, including non-controlling interests • Order Book in Metallic Constructions registers a 6.5 % growth YTD t
Slide 4: Results Analysis
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Slide 5: Results
HIGHLIGHTS RESULTS RESULTS ANALYSIS M€ HOLDING METALLIC CONSTRUCTIONS RENEWABLES MARTIFER CONSOLIDATED Sales and Services Rendered 2.4 205.4 13.1 220.9 EBITDA -0.5 9.2 2.7 11.4 EBITDA Margin -20% 4% 20% 5% EBIT -2.5 6.6 -4.6 -0.5 EBIT Margin -104% 3% -35% 0% Financial Results -5.2 1.4 6.9 3.1 ORDER
Slide 6: Sales and Services Rendered and EBITDA
HIGHLIGHTS RESULTS RESULTS ANALYSIS SALES AND SERVICES RENDERED EBITDA (M€) (M€) 250,0 12,0 + 17 % + 90 % 10,0 200,0 ORDER BOOK 8,0 150,0 6,0 FUTURE PROSPECTS 100,0 4,0 50,0 2,0 0,0 0,0 2014 2015 2014 2015 6 EARNINGS RELEASE 2015
Slide 7: Capex and Net Debt
HIGHLIGHTS CAPEX AND NET DEBT RESULTS ANALYSIS CAPEX NET DEBT (M€) 350 0% 315 Metallic Constructions 300 285 283 47% 260 53% Renewables + 286 M€ 250 ORDER BOOK M/L Term Other Gross Debt 200 + 15 M€ Short Term 150 Gross Debt FUTURE PROSPECTS Total Capex of 4.4 M€, - 41 M€ 100 Cash and Cash mostly app
Slide 8: Balance Sheet: Solvency and Liquidity Ratios
HIGHLIGHTS BALANCE SHEET RESULTS ANALYSIS 700 SOLVENCY RATIO (Equity + Non current Liabilities) / Non current Assets 600 + 34 % Non 500 Current Equity + 1.4 ORDER BOOK Assets Non 1.0 239 Current Liabilities 400 330 2014 2015 300 FUTURE PROSPECTS LIQUIDITY RATIO Current Assets / Current Liabilities 2
Slide 9: Balance Sheet
HIGHLIGHTS BALANCE SHEET RESULTS ANALYSIS M€ DECEMBER-15 Non current Assets: Intangible Assets (including Goodwill) 13.9 Tangible fixed assets 149.1 Financial Investments (Including Investment properties and Available for sale investments) 33.4 Other non-current receivables 36.7 Deferred tax assets
Slide 10: Order Book
ORDER BOOK
Slide 11: Martifer Metallic Constructions | Order Book
HIGHLIGHTS MARTIFER METALLIC CONSTRUCTIONS | ORDER BOOK RESULTS ANALYSIS 8% 31% 13% ORDER BOOK 10% FUTURE PROSPECTS 38% Algeria Sub-Saharan Africa Eastern Europe and Middle East TOTAL ORDER BOOK Western Europe Western Europe (Naval) 262 M€ 11 EARNINGS RELEASE 2015
Slide 12: Martifer Metallic Constructions | Operational Activity
HIGHLIGHTS MARTIFER METALLIC CONSTRUCTIONS | OPERATIONAL ACTIVITY RESULTS ANALYSIS Martifer Metallic Construction currently has several relevant projects in its order book: ORDER BOOK ITER, Cadarache, France Faro Airport, Portugal FUTURE PROSPECTS Royal Liverpool Hospital, Liverpool, United kingdom
Slide 13: Martifer Renewables | Projects
HIGHLIGHTS MARTIFER RENEWABLES | PROJECTS RESULTS ANALYSIS PROJECTS UNDER DEVELOPMENT: 225,7 MW PROJECTS IN OPERATION: 7.23 MWn/8.12 MWp (PV) ROMANIA PROJECTS IN OPERATION : 42.0 MW PROJECTS IN OPERATION: 53.8 MW ORDER BOOK PROJECTS UNDER DEVELOPMENT: PROJECTS UNDER DEVELOPMENT: 66.9 MW (2.1 MW of w
Slide 14: Solar | Order Book
HIGHLIGHTS SOLAR | ORDER BOOK RESULTS ANALYSIS 11% 17% ORDER BOOK 72% FUTURE PROSPECTS Africa Asia Western Europe TOTAL ORDER BOOK 175 M€ 14 EARNINGS RELEASE 2015
Slide 15: Future Prospects
FUTURE PROSPECTS
Slide 16: Future Prospects
HIGHLIGHTS Reinforcement of the international presence, focusing on core geographies and on attractive opportunities profitable above average RESULTS ANALYSIS Reinforcement of the order book in the Naval and Aluminium areas; asset rotation strategy in the Renewables segment Debt reduction thro
Slide 17: Representative for Market Relations
HIGHLIGHTS REPRESENTATIVE FOR RESULTS ANALYSIS MARKET RELATIONS Pedro Moreira T. +351 232 767 702 F. +351 232 767 750 ORDER BOOK www.martifer.com FUTURE PROSPECTS 17 EARNINGS RELEASE 2015