Slide 1: 9M2015 Results
1 9M2015 RESULTS NOVEMBER 2015
Slide 2: 9M2015 Results
RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS 2 9M2015 RESULTS NOVEMBER 2015
Slide 3: Highlights
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS • Operational recovery in first 9 months of the year, with positive EBITDA (12.5 M€) in all operational segments • Order book in Metallic Constructions registers a 2 % YTD growth to 250 M€ • Net Debt with a reduction comparing with FY 2014, on
Slide 4: Results
HIGHLIGHTS ORDER BOOK FUTURE PROSPECTS 4 9M2015 RESULTS NOVEMBER 2015
Slide 5: Results
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS RESULTS MARTIFER METALLIC SOLAR RENEWABLES HOLDING M€ CONSOLIDATED CONSTRUCTIONS (discontinued activity) 9M15 9M15 9M15 9M15 9M15 Revenues 205.4 194.3 10.0 3.7 89.8 EBITDA 12.5 8.3 4.5 -1.8 4.7 EBITDA Margin 6% 4% 45% -49% 5% EBIT 1.8 3.7 -1.2
Slide 6: Results: Revenues and EBITDA
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS RESULTS REVENUES EBITDA (M€) (M€) 250,0 12,0 + 30 % + 47 % 10,0 200,0 8,0 150,0 6,0 100,0 4,0 50,0 2,0 0,0 0,0 9M2014 9M2015 9M2014 9M2015 6 9M2015 RESULTS NOVEMBER 2015
Slide 7: Capex and Net Debt
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS CAPEX AND NET DEBT CAPEX NET DEBT (M€) 350 0% 315 Metallic Construction 300 285 283 276 44% Renewables 56% 250 Other 200 150 Total Capex of 3.6 M€, mostly 100 applied in the reinforcement of operational capacity in 50 West Sea (Shipyard in Vian
Slide 8: Consolidated Balance Sheet
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS CONSOLIDATED BALANCE SHEET M€ 9M15 Non current Assets: Intangible Assets (including Goodwill) 14.0 Tangible fixed assets 153.1 Financial Investments (Including Investment properties and Available for sale investments) 35.9 Other non-current rec
Slide 9: Future Prospects
HIGHLIGHTS RESULTS ANALYSIS FUTURE PROSPECTS 9 9M2015 RESULTS NOVEMBER 2015
Slide 10: Martifer Metallic Constructions | Order Book
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS MARTIFER METALLIC CONSTRUCTIONS | ORDER BOOK 6% 17% 32% 12% 33% Algeria Sub-Saharan Africa Eastern Europe and Middle East TOTAL ORDER BOOK: Western Europe Western Europe (Naval) 250 M€ 10 9M2015 RESULTS NOVEMBER 2015
Slide 11: Martifer Metallic Constructions | Operational Activity
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS MARTIFER METALLIC CONSTRUCTIONS | OPERATIONAL ACTIVITY Martifer is currently studying the execution of several projects in the Metallic Constructions area, with special emphasis on: SHIPBUILDING AND REPAIR | PORTUGAL SPORTS COMPLEXES | ALGERIA
Slide 12: Martifer Renewables | Project Overview
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS MARTIFER RENEWABLES | PROJECT OVERVIEW PROJECTS UNDER DEVELOPMENT: 199.7 MW PROJECTS IN OPERATION: 7.23 MWn/8.12 MWp (PV) ROMANIA PROJECTS IN OPERATION : 42.0 MW PROJECTS IN OPERATION : 31.2 MW PROJECTS UNDER DEVELOPMENT: PROJECTS UNDER DEVELOP
Slide 13: Solar | Order Book
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS SOLAR | ORDER BOOK 7% 1% 52% 40% Africa America Asia Western Europe TOTAL ORDER BOOK: 269 M€ 13 9M2015 RESULTS NOVEMBER 2015
Slide 14: 9M2015 Results
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK 14 9M2015 RESULTS NOVEMBER 2015
Slide 15: Main Strategic Guidelines: New Organizational Model, Decrease of Indebtedness
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS MAIN STRATEGIC GUIDELINES 1 Adoption of a new organizational model • Resizing and readapting the structure • Improvement of the business processes and operational efficiency 2 Decrease of indebtedness through the divestment in non-core business
Slide 16: Main Strategic Guidelines: Reinforcement of International Presence
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS MAIN STRATEGIC GUIDELINES 3 Reinforcement of the international presence Focusing on core geographies and on attractive opportunities profitable above average 16 9M2015 RESULTS NOVEMBER 2015
Slide 17: Main Strategic Guidelines: Focus on Metallic Constructions
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS MAIN STRATEGIC GUIDELINES 4 Focus on the Group’s original business area, Metallic Constructions METAL MECHANICAL ALUMINIUM AND INFRASTRUCTURES CONSTRUCTION GLASS FOR OIL & GAS NAVAL INDUSTRY 17 9M2015 RESULTS NOVEMBER 2015
Slide 18: Representative for Market Relations
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS REPRESENTATIVE FOR MARKET RELATIONS Pedro Moreira T. +351 232 767 702 F. +351 232 767 750 www.martifer.com 18 9M2015 RESULTS NOVEMBER 2015