Construcciones Y Auxiliar De Ferrocarriles, S.a. · BME:CAF
Construcciones Y Auxiliar De Ferrocarriles — H1 2022 Earnings Presentation
31 slides from Construcciones Y Auxiliar De Ferrocarriles's earnings presentation, Jul 29, 2022
Slide 1: First Half 2022 Results
First Half 2022 Results 29 July, 2022
Slide 2: Legal Notice
Legal Notice The purpose of this information is purely informative. The information and opinions contained in this document are provided as of the date of the document and are subject to verification, completion and change The information contained in this document has not been verified by independe
Slide 3: Contents
Executive Summary Financial information Contents Sustainability | ESG Stock market information Outlook Appendices
Slide 4: Executive Summary
Executive Summary Sound commercial results and new record backlog. Impact on profitability variables related to the macroeconomic situation. Financial stability. Net profit subsequent to Order intake Backlog Revenue EBITDA minority interests Order intake and €2,643M €10,753M €1,530M €108M €31M Profi
Slide 5: Executive Summary
Executive Summary In the first half of the year, the Group has achieved significant milestones which strengthen the bases of its future strategy > 50 hydrogen buses in operation Bus-rail technology synergies New business success in key geographic areas (France, Germany and Sweden) and with regards t
Slide 6: Contents
Resumen ejecutivo Executive Summary Contents Información Financial information financiera Order intake Backlog Consolidated Statement of Profit or Loss Índice Sostenibilidad| |ESG Sustainability ESG Consolidated balance sheet 1S´22 1H 2022 Información Stock marketbursátil information Results Perspec
Slide 7: Financial information | Order intake
Financial information | Order intake High materialization of commercial opportunities in the period and pipeline still high for 2H2022. Prominent contracts for zero-emission buses, consolidating Solaris' leading position in electromobility. • The most important contracts added to the order backlog i
Slide 8: Financial information | Order backlog
Financial information | Order backlog The order backlog reaches a new record high, strengthening the visibility of the Group's future business activity Total (€M) • Increase in all businesses. Bus Business Backlog • Wide diversification between businesses and mostly in Railway Business Backlog Europ
Slide 9: Consolidated Statement of Profit or Loss
Financial information | Consolidated Statement of Profit or Loss Increased activity in 1H22, with a decrease in the margin due to inflationary pressure worsened by geopolitical tensions and the effect of non- recurrent events (a strike at Solaris and a transport strike in Spain) in the first months
Slide 10: Consolidated Statement of Profit or Loss: Revenue (€M)
Financial information | Consolidated Statement of Profit or Loss Increased activity, despite supply chain problems, with uneven effects across the businesses Revenue (€M) Railway • Sound execution of rail projects, which has shown a Total 1.500 ▲13% relevant year-on-year growth over the period. • Su
Slide 11: Revenue (€M) Railway
Financial information | Consolidated Statement of Profit or Loss Railway sales driven by accelerated turnkey projects Revenue (€M) Railway Rolling stock Services Integrated Solutions and Systems (ISS) ∆ 10% 2% ∆ 58% 632 697 282 277 141 222 1H21 H1-21 1H22 H1-22 1H21 H1-21 1H22 H1-22 1H21 H1-21 1H2
Slide 12: Revenue (no. of buses and breakdown)
Financial information | Consolidated Statement of Profit or Loss Solaris' resilience, which increased the number of buses supplied under extremely complex conditions Revenue (no. of buses and breakdown) • 46% of the buses supplied in 1H22 were the e-mobility range, with a Buses high proportion of hy
Slide 13: EBITDA (€M) and EBITDA Margin
Financial information | Consolidated Statement of Profit or Loss Inflation and supply chain-related contraction EBITDA (€M) and EBITDA Margin (%) Total The following key factors conditioned the performance of 10% the Net Profit in 1H22: 140 Buses 8.5% 120 Railway 120 108 7.0% 8.4% 100 30 52% 14
Slide 14: Consolidated balance sheet
Financial Information | Consolidated balance sheet Normality and control of the balance sheet in the period 31/12/2021 30/06/2022 (€M) • CAPEX increase after 2021 contained by Covid-19 CAPEX (tangible + intangible) (€M) Fixed assets1 1,164 1,172 30 20 22 Working capital 140 239 10 11 0 30/06/2021 30
Slide 15: Consolidated balance sheet: net financial debt
Financial Information | Consolidated balance sheet Net Net financial financial debt debt at at similar similar levels levelsat at the the 2021 2021year-end year-end in in spite spite of of the the increase increase in in working working capital capital (€M) Cash-Flow== -€13M Cash-Flow €13M 14 11 19
Slide 16: Financial position and liquidity
Financial information | Financial position The NFD/EBITDA ratio continues to show the Group's financial strength NFD/EBITDA Ratio Liquidity 8,0x (In EUR million) 600 7,0x 500 6,0x 1200 1,091 400 5,0x 1,041 278 305 1000 4,0x 300 3,0x 800 200 680 613 2,0x 600 100 Net Financial Debt (ME) 1,0x 1.1x 1.3x
Slide 17: Contents
1. Executive Summary 2. Financial information Contents 3. Stock market information 4. Sustainability | ESG 5. Outlook 6. Appendices 17
Slide 18: Stock market information
3. Stock market information CAF's stock market performance in line with that of the sector1 The gap between the share price2 and the average analysts target price is > 50% No relevant changes in the shareholding structure during the first half of the year CAF performance vs IBEX and Sector Stock mar
Slide 19: Contents
1. Executive Summary 2. Financial information Contents 3. Stock market information 4. Sustainability | ESG 5. Outlook 6. Appendices 19
Slide 20: Sustainability | ESG
4. Sustainability | ESG Significant milestones achieved during 1H22: • Certificate of excellence in environmental management model pursuant to the European EMAS Regulation for CAF S.A. (Eco-Management and Audit Scheme). • “Silver” level obtained under the IRIS international quality standard for Sign
Slide 21: Contents
1. Executive Summary 2. Financial information Contents 3. Stock market information 4. Sustainability | ESG 5. Outlook 6. Appendices 21
Slide 22: Outlook
5. Outlook Looking ahead to the entire 2022 financial year, the Group aims to: • Achieve higher order intake figures than sales executed in the year (Btb>1). • Continue expanding sales at a faster rate than the market (>5%). • Based on current estimates and assuming current external conditions (infl
Slide 23: Appendices
6. Appendices a | Order Intake Details b | Consolidated Financial Statement Details c | Sustainability KPIs d | Alternative Performance Measures (APMs)
Slide 24: Order Intake Details
CAF .....: a | Order Intake Details Contracts announced and includedin the order backlog in the period from January - June 2022 Business Date Project Country Description Customer Type ii Vehicles Rest of businesses van #units Platform Business Scope Characteristics 1a ‘Auckland ee 4 EMU supply Notne
Slide 25: Consolidated Financial Statement Details: Balance Sheet
b | Consolidated Financial Statement Details Detail of Balance Sheet (EUR millions) 31/12/2021 30/06/2022 Var. % Assets Intangible Assets Intangible Assets 332 323 (3%) Property, Plant and Equipment 388 379 (2%) Investments accounted for using the equity method 17 30 76% This section includes EUR 10
Slide 26: Consolidated Financial Statement Details: Balance Sheet
b | Consolidated Financial Statement Details Detail of Balance Sheet (EUR millions) 31/12/2021 30/06/2022 Var. % Assets Intangible Assets 332 323 (3%) Property, Plant and Equipment 388 379 (2%) Equity Investments accounted for using the equity method 17 30 76% Non-Current Financial Assets 430 447 4%
Slide 27: Consolidated Statement of Profit or Loss
b | Consolidated Financial Statement Details Consolidated Statement of Profit or Loss Var. 1H21 1H22 Revenue totalled €1,530 million, a year-on-year increase of 8%: sales in the rail (millions of EUR) 1H22/1H21 segment increased by 13%, while sales in the bus segment dropped by 6%. The Revenue 1411
Slide 28: Consolidated Statement of Profit or Loss
b | Consolidated Financial Statement Details Consolidated Statement of Profit or Loss Var. 1H21 1H22 (millions of EUR) 1H22/1H21 The financial result amounted to -€21M, which is €8M more than in the Revenue 1411 1530 ∆ 8% same period in 2021. This change is mainly attributable to the increase in the
Slide 29: Sustainability KPIs
c | Sustainability KPIs Actual Target Indicator Unit FY20 FY21 H1-22 FY22 CO2 emission intensity1 t Co2 eq./ HHT 3.1 2.4 < 2.0 E Energy consumption per hour worked1 kwh/hours 3.5 3.5 < 3.3 ISO 14001 coverage % workforce 65 70 70 ● > 70 Order backlog for sustainable solutions % electric, hybrid, hydr
Slide 30: Alternative Performance Measures (APMs)
d | Alternative Performance Measures (APMs) CONSTRUCCIONES Y AUXILIAR DE FERROCARRILLES, S.A. In addition to the financial information prepared in accordance with generally accepted accounting AND standards (IFRS), the CAF Group operates specific Alternative Performance Measures (APM) in the SUBSIDI
Slide 31: WELL PREPARED AND WITH INSIGHT... THAT’S THE WAY WE LOOK AT GLOBAL TRANSPORT. THAT'S
WELL PREPARED AND WITH INSIGHT... THAT’S THE WAY WE LOOK AT GLOBAL TRANSPORT. THAT'S HOW WE DESIGN, DEVELOP, MANUFACTURE, INSTALL AND INTEGRATE ALL THE PARTS REQUIRED FOR AN INTERCONNECTED TRANSPORT SYSTEM. WE DO THINGS YOUR WAY, TAILORING EVERYTHING TO YOUR SPECIFIC REQUIREMENTS AND PREFERENCES, AN
CAF (Construcciones y Auxiliar de Ferrocarriles, S.A.) — H1 2022 Earnings Presentation on 6ix