Slide 1: Talgo's Results 3Q 2020
Talgo’s Results 3Q 2020 12 November 2020 0
Slide 2: Table of content
Table of content 1. Key business highlights 2. Financial Review 3. Final Remarks and outlook APPENDIX 1
Slide 3: Operations successfully adapted to COVID-19 challenging dynamics
Operations successfully adapted to COVID-19 challenging dynamics Comprehensive set of measures implemented to ensure employee safety and enhance productivity Crosswise commitment with Health-care and safety on- the fight against the outbreak board solutions development already incorporated to
Slide 4: Key business highlights of 9M2020
Key business highlights of 9M2020 Operational highlights Financial highlights Resilient business performance…: P&L reflects the correct implementation of o Manufacturing projects on the right track appropriate measures in an adverse context: recovering pre-Covid pace. o Increasing revenues to re
Slide 5: Favorable momentum to consolidate business international growth
Favorable momentum to consolidate business international growth Attractiveness of rail as the most efficient passenger Pipeline by segment (24 months)(1) travel mode remains unaffected from COVID-19, and is expected to continue registering reliable growths in the 5,2% mid/long term. 16,7% Moreov
Slide 6: Table of content
Table of content 1. Key business highlights 2. Financial Review 3. Final Remarks and outlook APPENDIX 5
Slide 7: Strong backlog execution to consolidate revenue ramp-up phase
Strong backlog execution to consolidate revenue ramp-up phase Cumulative revenues - QoQ (€m) Quarterly revenues evolution (€m) +23% +18% 339,4 126,2 122,7 107,7 112,8 103,8 275,5 80,7 2Q2019 3Q2019 4Q2019 1Q2020 2Q2020 3Q2020 9M2019 9M2020 Revenues significantly increased in 9M2020 to reach 339.4
Slide 8: Flexibility as one of main pillars of Talgo's business model
Flexibility as one of main pillars of Talgo’s business model enabling effective cost-cutting measures implementation Adjusted EBITDA(1) (€m) and margin (%) Quarterly Adj. EBITDA and Net Income (€m) 70 60 52,2 50 Margins recovery COVID 40 18,3% subject to mobility and impact(1) working measures 22,6
Slide 9: Table of content
Table of content 1. Key business highlights 2. Financial Review 3. Final Remarks and outlook APPENDIX 8
Slide 10: Final remarks and outlook
Final remarks and outlook Strict packages of measures and protocols aimed to protect employees remain as first priority of the company at this stage 9M2020 results confirm Talgo’s reliable capacity to successfully adapt its cost structure to adverse situations Resilient order book at historica
Slide 11: Table of content
Table of content 1. Key business highlights 2. Financial Review 3. Final Remarks and outlook Appendix 10
Slide 12: Appendix 1. Profit & Loss
Appendix 1. Profit & Loss Profit & Loss Account (€m) 9M20 9M19 % Change Total net turnover 339.4 275.5 23.2% Other income 8.3 4.0 109.7% Procurement costs (202.5) (101.1) 100.3% Employee welfare expenses (90.3) (90.4) (0.1%) Other operating expenses (36.3) (41.2) (11.7%) EBITDA 18.6 46.8 (60.2%) % E