Tecnicas Reunidas Sa · BME:TRE
Tecnicas Reunidas Sa — 9M 2015 Earnings Presentation
17 slides from Tecnicas Reunidas Sa's earnings presentation, 2015
Slide 1: Results Presentation 9M 2015
Results Presentation 9M 2015 Juan Lladó CEO
Slide 2: Index
INDEX Awards & Backlog 2 9M 2015 Financial Results Outlook 2
Slide 3: Awards & Backlog
Awards & Backlog Awards € mill Awards & Backlog 3
Slide 4: Awards & Backlog: Awards
Awards & Backlog Awards € mill 9M 2015: € 3,671 M *YTD 2015 awards includes 9M 2015 plus the Sasol, the ADOC and the Fadhili project 4
Slide 5: Awards & Backlog: Backlog
Awards & Backlog Backlog Oil & Gas Power & Infrastructures ≈13,000 € mill 8,412 6,205 6,377 2012 2013 2014 *YTD 2015 *YTD 2015 backlog includes 9M 2015 plus the Sasol, the ADOC and the Fadhili project 5
Slide 6: Backlog Geographical Split
Awards & Backlog Backlog Geographical Split 9M 2015 YTD 2015 ROW ROW 20% 16% Middle East Middle East 51% 62% Latam Latam 14% 18% Europe 8% Europe 11% € 9,977 M ≈€ 13,000 M 6
Slide 7: Recent Awards: Fadhili, Saudi Arabia
Recent Awards Fadhili, Saudi Arabia Highlights Two main contracts for the FADHILI gas investment in Saudi Arabia. Contract scope: main facilities and gas processing units of the investment and the interconnections and the auxiliary services facilities . 15th contract for Saudi Aramco. Saudi Aramco i
Slide 8: Recent Awards: Petrochemical Complex, US
Recent Awards Petrochemical Complex, US Highlights Two units of Ethoxylation (ETO) and Guerbet Alcohol at the Westlake petrochemical complex in Louisiana, US, for Sasol Contract scope: engineering and procurement (EP) for both plants. Total contract value: € 150 million. 1st EP contract project in U
Slide 9: Recent Awards: ADOC project, UAE
Recent Awards ADOC project, UAE Highlights EPC for the early production facilities of the Hail field located on the Mubarraz Island and surroundings, in Abu Dhabi. Contract scope: Separation, pumping and transportation facilities along with its associated utilities and offsites. Total contract value
Slide 10: 3Q 2015 Awards: Al Zour Refinery, Kuwait
3Q 2015 Awards Al Zour Refinery, Kuwait Al Zour Highlights TR will lead the execution of key processing units of the Al Zour Refinery in Kuwait. Contract scope: 3 crude distillation units, 3 atmospheric residue desulphuration units, 3 diesel hydrotreating units, 2 naphta hydrotreating units, 2 keros
Slide 11: Index
INDEX Awards & Backlog 9M 2015 Financial Results Outlook 11
Slide 12: 9M 2015 Financial Results: Profit and Loss Account
9M 2015 Financial Results Profit and Loss Account € Million 9M 2015 9M 2014 Var. 2014 Revenues 3,006.0 2,297.8 30.8% 3,149.2 EBITDA 159.2 125.3 169.6 27.0% EBIT 147.6 116.6 26.6% 157.6 Margin 4.9% 5.1% 5.0% Net Financial Results 3.3 5.2 8.6 Profit Before Taxes 151.8 121.2 25.2% 165.7 Taxes -36.6 -21
Slide 13: Net Cash Position and Dividends
9M 2015 Financial Results Net Cash Position and Dividends 9M 2015 Net cash position: € 348 million 2014 Total Dividends: € 1.40 per share (€ 75 million) € Million Net Cash Position 800,0 673 661 700,0 664 629 600,0 532 570 500,0 436 400,0 348 300,0 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2013 2014 2014 2014 2014 20
Slide 14: Index
INDEX Awards & Backlog 9M 2015 Financial Results Outlook 14
Slide 15: Outlook
Outlook Oil price: “lower for longer” Capex reduction depending on products and geographies Clients adapting to oil price scenario: Longer payment terms Efficiency plans • Successful Diversification: Clients, Geographies, Products • Stronger Franchise: Proven Methodology • Quality in Execution: Recu
Slide 16: Disclaimer
DISCLAIMER This document has been prepared by Tecnicas Reunidas S.A. (the Company) solely for use at presentations held in connection with the announcement of the Company's results for the first nine months 2015. This document contains forward-looking statements of the Company and/or its management.
Slide 17: Tecnicas Reunidas
TECNICAS REUNIDAS