Slide 1: Q1 2021 Results Presentation
Q1 2021 Results Presentation 13 May 2021 0
Slide 2: Table of contents
Table of contents 1. Key figures 2. Financial summary 3. Outlook and conclusions ANNEX 1
Slide 3: Key business figures
Key business figures Key operating figures Backlog Q1-2021: ▪ Improved accident frequency rates in Q1- 2021 (7.6 vs. 7.9 in 2020)1 and severity rates 3.7%0.9% Acc. Freq. Rate: (0.1 vs. 0.2 in 2020)2. 7.61 27.6% ▪ Strong prevention and employee protection measures as the main elements in the fight ag
Slide 4: Market considerations
Market considerations ▪ Talgo's commercial strategy combines geographical Pipeline by market segment1 and product diversification with a business model based on a selective approach to opportunities with 6.0% 9.3% an appropriate risk-return ratio. ▪ The current pipeline amounts to approximately 7.5
Slide 5: Table of contents
Table of contents 1. Key figures 2. Financial summary 3. Outlook and conclusions ANNEX 4
Slide 6: Strong backlog execution consolidates the revenue growth phase
Strong backlog execution consolidates the revenue growth phase Quarterly Revenues (€m) 147.7 147.1 122.7 112.8 103.8 Q1-2020 Q2-2020 Q3-2020 Q4-2020 Q1-2021 Note: 2020 and 2021 quarters might not be fully comparable due to different degree of COVID impact. ▪ Revenues reached 147.1 €m in Q1-2021, in
Slide 7: Flexible business model adapts effectively to adverse market contexts
Flexible business model adapts effectively to adverse market contexts Adjusted EBITDA(1) (€m) Adjusted EBITDA margin and Net Profit (%) 14% 8% 9% Progressive 15.5 7% 13.4 4% recovery of 11.6 4% margins (0%) (2%) 7.9 (7%) (10%) (0.1) Q1-2020 Q2-2020 Q3-2020 Q4-2020 Q1-2021 Q1-2020 Q2-2020 Q3-2020 Q4-
Slide 8: Table of contents
Table of contents 1. Key figures 2. Financial summary 3. Outlook and conclusions ANNEX 7
Slide 9: Business outlook for 2021 - Q1-2021 update
Business outlook for 2021 - Q1-2021 update ▪ Q1-2021 results confirm the expected revenue growth cycle driven ✓ 35-37% backlog Business by manufacturing activity. execution in 2021-2022 performance ▪ Attractive opportunities in the pipeline with a high probability of ✓ >1.2x average Book-to- materia
Slide 10: Conclusions
Conclusions ✓ The decrease in accidents frequency rates and the low incidence of Covid-19 contagion registered in Talgo’s facilities shows the Group's strong commitment to employees' health and safety. ✓ Q1-2021 results consolidate expected revenue growth cycle with strong performance of manufacturi
Slide 11: Table of contents
Table of contents 1. Key figures 2. Financial summary 3. Outlook and conclusions ANNEX 10
Slide 12: Annex 1. Profit and Loss account
Annex 1. Profit and Loss account Profit & Loss Account (€m) 1Q2021 1Q2020 % Change Total Revenues 147.1 112.8 30.5% Other income 3.5 2.8 26.8% Procurement costs (91.5) (63.1) 45.0% Employee welfare expenses (32.9) (28.6) 15.2% Other operating expenses (12.8) (10.1) 26.8% EBITDA 13.5 13.9 (2.6%) % Eb