Slide 1: 9M 2015 Results (January-September)
9M 2015 Results (January-September) Madrid, November 13th 2015
Slide 2: Table of Contents
Table of Contents 1. 9M 2015 Highlights 2. Summary Profit & Loss Account 3. Outlook APPENDIX - Detailed P&L - P&L Quarterly - P&L 3Q15 vs. 3Q14 2
Slide 3: 1. 9M 2015 Highlights
1. 9M 2015 Highlights Strong results with outstanding growth in margins and net profit Backlog execution on track at above expected margins Net Turnover € 357.1 mm: +38% vs. 9M14 • FY 2015 revenues expected to be in line with company target as stated in the 1H15 results presentation Adj. EBITD
Slide 4: 2. Summary Profit & Loss Account
2. Summary Profit & Loss Account Execution of backlog leading to outstanding returns and margins with adj. EBITDA margin of 25.7% and adj. EBIT margin of 23.4% Profit & Loss Account 9M15 9M14 % Change €mm Sales growth driven by higher manufacturing and maintenance Total Net Turnover 357.1 258.7 38
Slide 5: 3. Outlook
3. Outlook Given the positive performance of Talgo during 9M 2015, the company confirms the following guidance: The Future Ahead Expected cumulative backlog completion of c. 30-35% during 2015 and 2016 • 2015 expected to be in line with company target adjusted by Damman-Riyadh. A potential Net del
Slide 6: Appendix
Appendix Detailed Profit & Loss Account Profit & Loss Account Quarterly Profit & Loss Account 3Q15 vs. 3Q14 6
Slide 7: I. Profit & Loss
I. Profit & Loss Adj. EBIT +80% vs. 9M14; adj. EBIT margin 23.4% vs. 17.9% in 9M14 Profit & Loss Account 9M15 9M14 % Change €mm Higher turnover in 9M 2015 vs 9M 2014 mostly driven by manufacturing revenues from execution of contracted backlog Total net turnover 357.1 258.7 38.0% Other income 6.8 6
Slide 8: II. P&L: 2015 Quarterly
II. P&L: 2015 Quarterly Profit & Loss Account 3Q15 2Q15 1Q15 €mm Total net turnover 143.1 127.5 86.5 Other income 0.4 5.6 0.8 Procurement costs (65.0) (69.4) (34.3) Employee welfare expenses (23.0) (26.6) (24.2) Other operating expenses (17.7) (13.9) (12.8) EBITDA 37.8 23.1 16.1 % margin 26.4% 18.1%
Slide 9: III. P&L: 3Q15 vs 3Q14
III. P&L: 3Q15 vs 3Q14 Ad. EBIT margin 24,4% vs. 19,3% in 3Q14 Profit & Loss Account 3Q15 3Q14 % Change €mm Total net turnover 143.1 80.1 78.6% Other income 0.4 3.6 -88.2% Procurement costs (65.0) (28.3) 129.4% Employee welfare expenses (23.0) (24.4) -5.6% Other operating expenses (17.7) (16.3) 8.6%
Slide 10: Disclaimer
Disclaimer This presentation has been prepared and issued by Talgo, S.A. (the “Company”) for the sole purpose expressed therein. Therefore, neither this presentation nor any of the information contained herein constitutes an offer sale or exchange of securities, invitation to purchase or sale shares