Slide 1: Integrated Solutions Provider - 2022.9M Results Presentation
Integrated Solutions Provider 2022.9M Results Presentation
Slide 2: Index
Index 0. Tesmec Group at a glance 1. Key Market trends & Corporate strategy 2. 2022.9M Business highlights & Results 3. Outlook 4. ANNEX
Slide 3: Tesmec Group at a glance
€ TESMEC Tesmec Group at a glance
Slide 4: Integrated Solutions Provider for Energy and Data transport
Integrated Solutions Provider for Energy and Data transport PURPOSE Consolidate the position as a solution provider in the reference markets driven by the trends of energy transition, digitalization, and sustainability. Vision Mission Value proposition Strategy To be a technological To operate in th
Slide 5: Tesmec Group at a glance
Tesmec Group at a glance ENERGY - STRINGING RAILWAY 70 +1,000 10 YEARS PEOPLE MANUFACTURING of experience PLANTS Solutions for power lines Catenary lines construction & construction & maintenance maintenance Advanced methodologies for Diagnostic vehicles and systems automating jobsite Inte
Slide 6: Key Market trends & Corporate strategy
1. Key Market trends & Corporate strategy
Slide 7: Strategic ESG growth path
Strategic ESG growth path SUSTAINABLE IMPLEMENTATION STIMULUS PACKAGE INNOVATION ACTIVITIES Generate positive impacts from Integration of the Sustainability the main stimulus packages in the 4.0 industry paradigm plan in the industrial plan key countries where the Group operates European Taxonomy:
Slide 8: Sustainability - Strategy & Execution
Sustainability - Strategy & Execution Sustainable Development Goals STRATEGIC GUIDELINES E CLIMATE CHANGE S INVEST IN G WORK OUT AN INCREASE THE % MITIGATION PEOPLE & LOCAL EFFECTIVE OF GREEN&DIGITAL & ENVIRONMENTAL COMMUNITIES SUSTAINABLE SOLUTIONS PROTECTION WELL BEING GOVERNANCE ACTIONS TO BE PER
Slide 9: Sustainability as key strategic driver
Sustainability as key strategic driver PRIORITY TOPICS TASKS (in progress or delivered) Growing involvement and awareness on sustainable governance both in Italy and among the Ethic and sustainable foreign subsidiaries of the Group governance Strengthen of the sustainability team in order to pro
Slide 10: European Taxonomy Regulation 2020/852 – Fiscal Year 2021
European Taxonomy Regulation 2020/852 – Fiscal Year 2021 ANNEX I – Climate mitigation Revenues 3.Manufacturing 3.1 - Manufacture of renewable energy technologies 3.3 - Manufacture of low carbon technologies for transport 3.6 - Manufacture of other low carbon technologies 46% Eligible 54% Not eligibl
Slide 11: Corporate & Sustainability - Key Facts 9M 2022
Corporate & Sustainability - Key Facts 9M 2022 KEY FACTS • Participation in international exhibitions launching new sustainable solutions in line with the “innovability” strategy of the Group • New ISO certification for the subsidiary in New Zealand • Tesmec has become member of the Intellimech cons
Slide 12: Trencher – Key Facts 9M 2022
Trencher – Key Facts 9M 2022 KEY FACTS • Consistent rebound of the US’ market with high opportunities • High opportunities in the European market • Georadar Explorer 2.0 • Business concentration in Arabic Peninsula activity Market in the US has Tesmec focused on the seen a consistentt European marke
Slide 13: Energy Stringing - Key Facts 9M 2022
Energy Stringing - Key Facts 9M 2022 KEY FACTS • Consolidation of existing markets • New business model for Service & After-sales • Supply chain reinforcement to gain competitiveness • Stringing event: Safety, Sustainability, Efficiency of infrastructures installation Significant orders Supply chain
Slide 14: Energy Automation - Key Facts 9M 2022
Energy Automation - Key Facts 9M 2022 KEY FACTS • Significant steps forward in the Substation Automation segment • Completion of strategic projects through the successful integration of existing products • Strong promotion and participation to new tenders to launch the latest technology solutions •
Slide 15: Rail - Key Facts 9M 2022
Rail - Key Facts 9M 2022 KEY FACTS TESMEC SPEEDS UP ITS GROWTH ON THE DOMESTIC AND INTERNATIONAL RAILWAY MARKET Contract awarded with TCDD, the Turkish National Railway Authority. Contract awarded with NRIC, the Bulgarian National Railway Authority. Tesmec received the notice of the final awar
Slide 16: 2022.9M Business highlights & Results
2. 2022.9M Business highlights & Results
Slide 17: 2022.9M Closing
2022.9M Closing (1) Revenues: 20% increase in sales mostly Delta GROUP (€ mln) 2022.9M 2021.9M thanks to Rail (for new projects and vs.21 internationalization) and Trencher (particularly in the US and Arabian REVENUES (1) 173,5 144,2 20,3% Peninsula markets) EBITDA (2) 25,9 21,2 22,4% (2) EBITDA: 22
Slide 18: 2022.9M Closing – Business Breakdown (€ mln)
2022.9M Closing – Business Breakdown (€ mln) Energy > Revenues growing by 4% compared to 2021.9M, amid difficulties +3,9% in the supply chain, within perspective of solid Energy industry 37,9 36,5 growth trend -22,1% 5,2 6,6 > EBITDA: highly impacted by utilities, raw material and freight cost incre
Slide 19: Backlog
BACKLOG Euro/mln BACKLOG (2) 30/06/2022 Sales 2022.Q3 Intake 2022.Q3 30/09/2022 109,2 101,7 (1) (1) Of which Euro 76,6 million by Energy 14,3 (3) Energy 6,8 Automation and new opportunities in hi-tech content business 75,3 79,0 (2) Acquisition of new Trencher 32,4 36,1 orders during the third quarte
Slide 20: 2022.9M Revenues: sales spread over different geographical area
2022.9M Revenues: sales spread over different geographical area REVENUE BY GEOGRAPHY 2022.9M REVENUE BY GEOGRAPHY 2021.9M BRIC BRIC &Others Italy &Others 16,9% Italy North & 29,8% 20,1% 24,8% Central North & America Central 19,2% America 15,0% Africa Europe Africa 4,0% 18,9% 5,8% Europe Middle East
Slide 21: 2022.9M Revenues: Increased recurring vs non-recurring
2022.9M Revenues: Increased “recurring” vs “non-recurring” REVENUES RECURRING VS REVENUES RECURRING VS NON-RECURRING 2022.9M NON-RECURRING 2021.9M Non recurring Non recurring 44,4% 45,2% 77,0 M€ 96,5 M€ 65,2 11,3 M€ M€ 79,2 20,5M€ M€ Recurring Recurring 55,6% 54,8% Recurring: Rental, Projects, Spare
Slide 22: 2022.9M EBITDA evolution by BU
2022.9M EBITDA evolution by BU € mln 28,0 5,8 25,9 24,0 21,2 (1,5) 0,4 20,0 Materials/energy Better mix, shift to 16,0 Materials/energy cost increase offset higher added value cost increase not by better mix/ forex products and price fully recovered in effect revisions offsetting 12,0 prices (
Slide 23: 2022.9M Financial Results
2022.9M Financial Results Financial Information (€ mln) 2022.9M 2021 Net Working Capital 92,7 76,5 Non Current assets 84,8 79,6 Right of use - IFRS 16/IAS 17 21,3 23,4 Other Long Term assets/liabilities 16,2 14,2 Net Invested Capital 215,0 193,7 Net Financial Indebtness 102,5 96,6 Lease liability -
Slide 24: 2022.9M Working Capital evolution
2022.9M Working Capital evolution € mln 120 10,2 12,9 21,1 1,9 0,3 100 80 60 92,7 40 76,5 20 0 2021 Inventories WIP Trade Trade Other 2022.9M NWC Receivables Payables current NWC ass. / liab. € Mln 2022.Q3 2021.FY 2022.Q3 2021.FY Trade Receivables 64,6 54,4 97 101 Inventories 102,4 81,3 154 151 Work
Slide 25: 2022.9M Net Financial Position Evolution
2022.9M Net Financial Position Evolution • 1H IN LINE WITH QUARTELY DISTRIBUTION COMMENTED Net Financial Position WITH FY 2019 AND 1Q 140,0 RESULTS 3,6 26,6 130,0 125,8 12,6 23,3 121,0 24,5 120,0 Saudi Tesmec 16,2 110,0 Fully covered 102,5 by D&A 100,0 96,5 90,0 10.4€M net FCF before ΔNWC 80,0 70,0
Slide 26: 2022 Net Financial Position Evolution
2022 Net Financial Position Evolution NET FINANCIAL POSITION € mln 143,0 137,8 140 133,1 123,8 10,2 125,8 11,0 121,0 115,6 118,0 118,5 116,5 119,4 120 112,5 112,5 117,7 6,3 8,0 119,2 104,4 5,8 6,4 8,6 6,6 114,7 6,7 100 108,2 105,0 5,9 102,5 99,8 96,9 94,6 96,5 96,2 97,8 95 80 92,6 94,1 82,3 60 40 20
Slide 27: Outlook
€ TESMEC Outlook
Slide 28: Outlook
Outlook MACRO MAIN ACTIONS ECONOMIC SCENARIO to support the growth Inflation speed up Reverse the inflation on selling price of products and Increase of raw materials & commodities costs and services, negotiating the review of the medium-long freight & logistic costs contracts with public admi
Slide 29: 2020-2023 Business Plan guidelines
2020-2023 Business Plan guidelines 2019pf 2020pf 2021 2022 2023 >> Significant performance of the Energy Automation segment; Stringing segment back to historical performances 275~ 290 M€ 199,6 172,8 194,3 >240,0 >> Focus on recurring revenues (rental & services) TURNOVER M€ M€ M€ M€ cagr19-23: >> Gr
Slide 30: Trencher – Outlook 2022: Business Guidelines
Trencher – Outlook 2022: Business Guidelines OUTLOOK Q4 2022 Further development in Arab Peninsula BAUMA 2022 - On the road to zero emissions Stocks to guarantee business continuity Presentation of E-Sidecut Tesmec is strenghtening Tesmec attends Bauma its presence in the 2022 and presents t
Slide 31: Energy Stringing – Outlook 2022: Business Guidelines
Energy Stringing – Outlook 2022: Business Guidelines OUTLOOK Q4 2022 • Focus on Electrification & Sustainable solutions • Participation to Bauma with our latest technologies • Demos to promote new products • New innovative development streams Enlargement of full Participation to Bauma electric machi
Slide 32: Energy Automation - Outlook 2022: Business Guidelines
Energy Automation - Outlook 2022 : Business Guidelines OUTLOOK Q4 2022 • Significant challenges related to high backlog and production loads • Consolidation of existing markets and new tender participation • Attendance in international events to expand business network and promote the latest technol
Slide 33: Rail - Outlook 2022: Business Guidelines
Rail - Outlook 2022: Business Guidelines OUTLOOK Q4 2022 • INTERNATIONALIZATION OF THE BUSINESS • GREEN TRANSITION • INTEGRATED SOLUTIONS FOR CATENARY INSTALLATION & MAINTENANCE • INTEGRATED DIAGNOSTIC SOLUTIONS: CONSOLIDATED VEHICLES & SYSTEMS Internationalization of the business Export the busines
Slide 34: ANNEX
€ TESMEC ANNEX
Slide 35: Summary 2022.9M Profit & Loss statement - Appendix A
Summary 2022.9M Profit & Loss statement - Appendix A Profit & Loss Account (Euro mln) 2022.9M 2021.9M Delta vs 2021 Delta % Net Revenues 173,5 144,2 29,3 20,3% Raw materials costs (-) (69,2) (58,1) (11,1) 19,1% Cost for services (-) (34,5) (26,4) (8,1) 30,7% Personnel Costs (-) (44,7) (41,4) (3,3) 8
Slide 36: Summary 2022.9M Balance Sheet - Appendix B
Summary 2022.9M Balance Sheet - Appendix B Balance Sheet (€ mln) 2022.9M 2021 Inventory 102,4 81,3 Work in progress contracts 13,8 15,7 Accounts receivable 64,6 54,4 Accounts payable (-) (68,9) (56,0) Op. working capital 111,9 95,4 Other current assets (liabilities) (19,2) (18,9) Net working capital
Slide 37: Disclaimer
Disclaimer This presentation has been prepared by Tesmec S.p.A. (“Tesmec”, the “Company” or the “Group”). As used herein, “Presentation” means this document, any oral presentation, the question and answer session and any written or oral material discussed or distributed during the presentation. The
Slide 38: www.tesmec.com
TESMEC www.tesmec.com