Talgo Sa · BME:TLGO
Talgo Sa — Q3 2021 Earnings Presentation
12 slides from Talgo Sa's earnings presentation, Nov 11, 2021
Slide 1: Q3 2021 Results Presentation
Q3 2021 Results Presentation 11 November 2021 0
Slide 2: Annex
Annex 1. Key business highlights 2. Outlook update ANNEX 1
Slide 3: Key business highlights
Key business highlights ▪ Health & Safety: cero accidents target . Acc. Freq. Index1 8.24 Acc. Severity Index2 0.22 ▪ Employee’s protection measures in place to continue preventing against COVID-19. Key 3,013 €m ▪ Robust backlog with industrial visibility over the Backlog 9M 2021 operational (3,262
Slide 4: Key operational figures – Backlog
Key operational figures – Backlog ▪ Recovery of maintenance services as clients continue to resume commercial operations. Maintenance Activity 75% Spain ▪ Positive outlook should lead to recover pre-Covid maintenance services in the following months (1H2022). ▪ Shifting mix of manufacturing projects
Slide 5: Key operational figures – Market considerations
Key operational figures – Market considerations ▪ Order intake remained stable in 3Q 2021, as a result of certain delay on awarding processes. Pipeline 2021-2022 5.5 €bn1 ▪ However, there is a significant set of opportunities ahead: o Over 30 active opportunities, being Europe and MENA currently the
Slide 6: Key financial figures – Revenues
Key financial figures – Revenues ▪ High revenue contribution in 3Q 2021 as a result of the ongoing phase of manufacturing and overhaul projects, leading revenues to reach 427 €m in 9M 2021. ▪ Maintenance projects recovering its profile of recurrent and stable business unit, supporting the business r
Slide 7: Key financial figures – EBITDA
Key financial figures – EBITDA ▪ EBITDA margins continued to increase in 3Q 2021 driven by a higher industrial activity, together with continuous recovery of the maintenance services in all markets. ▪ Variations in the period related to procurement costs and personnel expenses are considered normal
Slide 8: Key financial figures – Net Income
Key financial figures – Net Income Net Income (€m) Net financial expenses (€m) 24.9 20.7 6.8 4.9 4.7 (7.6) 9M 2019 9M 2020 9M 2021 9M 2019 9M 2020 9M 2021 Note: 2020 and 2021 quarters might not be fully comparable due to different degree of COVID impact. ▪ Net income reached 20.7 €m in 9M 2021 (4.8%
Slide 9: Annex
Annex 1. Key Business Highlights 2. Outlook update ANNEX 8
Slide 10: Outlook update
Outlook update Profitability ✓ Adjusted EBITDA in FY2021: 11-12% ✓ Working Capital in 2021: Contained cash Capital structure consumption supported by WC Action Plan ✓ Net Debt in 2021: c. 1.2x Adjusted EBITDA ✓ Capex in 2021: c. 25 €m Business ✓ Backlog execution in 2021-2022: 35-37% performance ✓ A
Slide 11: Annex
Annex 1. Key highlights 2. Outlook update ANNEX 10
Slide 12: Annex 1 – Profit and Loss account
Annex 1 – Profit and Loss account % Change Profit & Loss Account (€m) 9M21 9M20 9M19 9M21-9M20 Total net turnover 427.0 339.4 275.5 25.8% Other income 11.6 8.3 4.0 39.1% Procurement costs (253.5) (202.5) (101.1) 25.2% Employee welfare expenses (104.1) (90.3) (90.4) 15.4% Other operating expenses (35