Tecnicas Reunidas Sa · BME:TRE
Tecnicas Reunidas Sa — Tecnicas Reunidas Sa Ord — 9M 2024 Earnings Presentation
17 slides from Tecnicas Reunidas Sa's earnings presentation, Nov 15, 2024
Slide 1: 9M 2024 Results
9M 2024 Results November 15th, 2024 Juan Lladó – Executive Chairman Eduardo San Miguel - CEO
Slide 2: Index
INDEX 1| Highlights 2| Commercial performance 3| Operations performance 4| 9M 2024 Financial results 5| Guidance
Slide 3: Highlights
INDEX 1| Highlights 2| Commercial performance 3| Operations performance 4| 9M 2024 Financial results 5| Guidance
Slide 4: 9M 2024 results highlights
Highlights| Order Intake EUR 4.1 billion 9M 2024 Backlog EUR 12.4 billion results Sales EUR 3.2 billion highlights Sustained and EBIT EUR 131 million profitable growth Net Cash EUR 298 million 4
Slide 5: Commercial performance
INDEX 1| Highlights 2| Commercial performance 3| Operations performance 4| 9M 2024 Financial results 5| Guidance
Slide 6: Commercial Performance | Awards
Commercial Performance| Awards Order intake, M€ Business line Name Amount Country Product Services 1 (engineering & other) Undisclosed 100 M€ Petrochemicals 4,064 4,132 9M 2023 9M 2024 2 EPC Jafurah III 1,260 M€ Natural Gas Services Spain, US, Middle Low carbon, 3 NEW (engineering & other) Several p
Slide 7: Commercial Performance | KazMunayGas Award
Commercial Performance| KazMunayGas Award >2,300 M€ Large Major Kazakhstan total contract value petrochemical unit client (consortium participated (50% for TR) in Kazakhstan by Sinopec) EPC in JV US company Lummus Third award with Sinopec Technologies within strategic alliance (risk management) sele
Slide 8: 172 M€ services awards in 9M 2024
Commercial Performance| track&services awards 172 M€ services awards in 9M 2024 • 40 new services contracts • Outstanding projects: • Engineering and project execution contract for a petrochemichal project in US • Pre-FEED for a blue ammonia project in US • Engineering contract for a green ammonia p
Slide 9: Operations performance
INDEX 1| Highlights 2| Commercial performance 3| Operations performance 4| 9M 2024 Financial results 5| Guidance
Slide 10: Operations Performance | Bu Hasa Project
Operations Performance| Bu Hasa Project • Mechanical completion of the main process units achieved & on-going start-up of the last portion of the plant (compression station) • 72 million manhours without LTI (Adnoc Onshore record) • Project Key Quantities • Surface: 176 Km2 • Km travelled: 150 milli
Slide 11: Operations Performance | CBR Project
Operations Performance| CBR Project • 800 MW Cogeneration plant in Canada • First Fire of first Gas Turbine (Mitsubishi technology) on October 15th • Hot commissioning and start-up activities ongoing • Capacity to generate 403 MWe into Alberta Grid and 1900 klb/hr of Superheated Steam with low carbo
Slide 12: Operations Performance | Engineering resources
Operations Performance| Engineering resources TR is increasing its resources capabilities to meet the growing demand for engineering services leveraging on: • Diversified growth across TR’s local offices – Resources in TR´s global engineering centers have ramped-up aligned with current workload (+23
Slide 13: Financial results
INDEX 1| Highlights 2| Commercial performance 3| Operations performance 4| Financial results 5| Guidance
Slide 14: Financial Results
Financial Results Sales, M€ Quarterly sales steadily above 1 B€ 1,119 1,052 1,074 1,003 1,091 1,125 through continued project delivery Q1 Q2 Q3 Q1 Q2 Q3 2023 2023 2023 2024 2024 2024 Firm profitability growth (4.1%) EBIT, M€ backed by risk mitigation strategies and successful project delivery 39 38
Slide 15: Balance sheet
Balance sheet Net cash position, M€ 298 Equity, M€ 234 Equity SEPI PPL 564 472 9M 2023 9M 2024 175 175 297 389 Gross cash, M€ Gross debt, M€ 9M 2023 9M 2024 1003 950 769 652 9M 2023 9M 2024 9M 2023 9M 2024 15
Slide 16: Guidance
INDEX 1| Highlights 2| Commercial performance 3| Operations performance 4| Financial results 5| Guidance
Slide 17: Guidance
Guidance 2024 Revenues ~4,500 M€ Guidance EBIT margin 4% 17
Tecnicas Reunidas Sa Ord — 9M 2024 Earnings Presentation on 6ix