Tecnicas Reunidas Sa · BME:TRE
Tecnicas Reunidas Sa — Q1 2012 Earnings Presentation
13 slides from Tecnicas Reunidas Sa's earnings presentation, May 11, 2012
Slide 1: 2012 First Quarter Results Presentation
TECNICAS REUNIDAS Juan Lladó CEO 2012 First Quarter Results Presentation 11th of May 2012
Slide 2: Backlog & Awards; 1Q 2012 Financial Results; Current Environment
TECNICAS REUNIDAS ¾ BACKLOG & AWARDS ¾ 1Q 2012 FINANCIAL RESULTS ¾ CURRENT ENVIRONMENT 1
Slide 3: 1Q 2012 Backlog
1Q 2012 BACKLOG €m Backlog 7.000 6.000 5,730 5,387 5,509 4,820 4,889 5.000 4,711 4.000 3.000 2.000 1.000 0 2008 2009 2010 2011 1Q 12 YTD 12* Oil and gas Power *YTD backlog calculated as 1Q 12 backlog plus the award in Canada 2
Slide 4: Backlog Geographical Split
BACKLOG GEOGRAPHICAL SPLIT 2010 2011 YTD 12 Europe Europe Spain Middle Spain Europe ROW 36% 42% 0.1% East 0.1% 37% 14% 37% ROW Spain 3% 3% ROW 2% Middle Latam Latam Middle Latam 22% East East 34% 33% 21% 16% € 5,730 M € 5,387 M € 5,509 M 3
Slide 5: 1Q 2012 Awards: Margarita II, Bolivia
1Q 2012 AWARDS Margarita II, Bolivia Highlights ¾ EPC project, for the second phase of Margarita gas field project in Bolivia. ¾ Project includes: engineering, purchase of equipment and materials, construction and commissioning assistance of a second gas processing train (6 mcmpd). ¾ Contract value:
Slide 6: Recent Awards: Oil sands project, Canada
RECENT AWARDS Oil sands project, Canada Highlights ¾ EPC for an oil sands project in Fort McMurray, Alberta, Canada. ¾ Project includes: design, detailed engineering, purchase of equipment and materials, construction and commissioning assistance of bitumen upgrading facilities. ¾ Modular technology.
Slide 7: 1Q 2012 Financial Results
TECNICAS REUNIDAS ¾ BACKLOG & AWARDS ¾ 1Q 2012 FINANCIAL RESULTS ¾ CURRENT ENVIRONMENT 6
Slide 8: Financial Results
FINANCIAL RESULTS Profit and Loss Account 1Q 12 1Q 11 Var. 2011 € million Revenues 624.2 686.3 -9.0% 2,612.6 37.5 41.1 -8.9% 159.5 EBITDA 6.0% 6.0% 5.9% Margin 35.4 39.2 -9.7% 151.3 EBIT Margin 5.7% 5.6% 5.6% Net Financial Results 1.1 -3.9 6.7 Profit Before Taxes 36.6 35.8 2.3% 155.2 Taxes -4.3 -5.1
Slide 9: Net Cash Position and Dividends
NET CASH POSITION AND DIVIDENDS ¾ 1Q 2012 Net cash position: € 636 million ¾ 2011 Dividend: € 1.355 per share Net Cash Position €m 900 796 740 636 600 525 300 0 2009 2010 2011 1Q 12 8
Slide 10: Current Environment
TECNICAS REUNIDAS ¾ BACKLOG & AWARDS ¾ 1Q 2012 FINANCIAL RESULTS ¾ CURRENT ENVIRONMENT 9
Slide 11: Current Environment
CURRENT ENVIRONMENT ¾ Positive environment for energy investments worldwide ¾ Successful commercial effort in America, Asia and Europe compensates the reduction of business in the Middle East. ¾ Remain focused on the Middle East where there are great opportunities for 2012 ¾ Quality of execution ope
Slide 12: 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 quarter 2012. This document contains forward-looking statements of the Company and/or its management. The
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