Slide 1: 1Q 2015 Financial Results
1Q 2015 FINANCIAL RESULTS 14 MAY 2015 WE BUILD VALUE
Slide 2: Disclaimer
2 Disclaimer This presentation may contain forward-looking objectives and statements about Salini Impregilo’s financial situation, operating results, business activities and expansion strategy. These objectives and statements are based on assumptions that are dependent upon significant risk and unce
Slide 3: 1Q 2015 Highlights
3 1Q 2015 Highlights A positive start for 2015 Double digit revenues growth EBITDA & EBIT margin better than expected Infrastructure Market continues to support our growth 15 billion of offers awaiting for the outcome 1Q 2015 Financial Results Well on track to achieve 2015 guidance & Bus
Slide 4: Market opportunities through 2018
4 Market opportunities through 2018 GLOBAL REFERENCE MARKET: €3,300 bn* SALINI IMPREGILO TARGETED MARKET: €885 bn 240 bn 215 bn 225 bn 205 bn 24% 27% Unidentified Projects Salini Impregilo 100% 100% 73% 76% Identified targeted market Projects 27% 2015 2016 2017 2018 IDENTIFIED PROJECTS: €790 bn Midd
Slide 5: Backlog Evolution
5 Backlog Evolution 1Q 2015 New Orders & Acquisition March 2015 Construction Backlog: €25.8 billion Middle East Other civil works 16% Asia & 12% Hydro & DAM New Contracts Awarded 151 Australia Italy 16% Share Increases 341 2% 35% Variation Orders 281 Roads & TOTAL CONSTRUCTION ORDERS 773 Highways Af
Slide 6: 2015 Guidance & Business Plan Targets
6 2015 Guidance & Business Plan Targets 2015 Guidance 2017 Targets Revenue >15% growth €7bn EBITDA EBITDA margin: ~ 10.5% ~ €800mn EBIT EBIT margin: ~ 5.5% ~ €500mn Book to bill >1x over the BP; Construction orders in line New Orders with 2014 Average annual construction orders: ~€7bn Net Financial
Slide 7: 1Q 2015 Financial Results 1Q 2015 Financial Results
7 1Q 2015 Financial Results 1Q 2015 Financial Results
Slide 8: P&L Highlights
8 P&L Highlights REVENUES (€/million) EBITDA (€/million) 10.5% 11.7% EBITDA Margin 1,002 117 876 92 1Q 2014 1Q 2015 1Q 2014 1Q 2015 EBIT (€/million) NET INCOME (€/million) 5.5% 6.2% EBIT Margin 62 51 1Q 2015 Financial Results 48 21 1Q 2014 1Q 2015 1Q 2014 1Q 2015
Slide 9: Net Financial Position
9 Net Financial Position March December € million GROSS DEBT EVOLUTION 2015 2014 Cash & Cash Equivalents 956 1,031 1,845 Other Financial Assets 248 246 1,736 Total Cash & Other Financial Assets 1,204 1,277 1,536 1,467 1,427 1,456 Gross Debt Bank Loan (734) (704) Bond (568) (561) Leasing (154) (163)
Slide 10: Cash-flow
10 Cash-flow 117 (89) (141) 6 (90) (18) (214) NFP EBITDA WC variations CAPEX financial other NFP 2014 expenses 1Q2015 actual paid Stocks (6.1) Financial gains 8.8 Works in progress (244.5) Financial charges (*) (19.2) Advance Payments 106.9 1Q 2015 Financial Results Exchange rate 16.8 Receivables (4
Slide 11: Financial Appendix
Financial Appendix 11 1Q 2015 Financial Results
Slide 12: Income Statement
12 Income Statement Reclassified Income Statement of Salini Impregilo Group 1Q 2015 1Q 2014 * Change Thousand € Operating revenue 972,061 829,631 142,430 Other revenue 30,182 46,244 (16,062) Total revenue 1,002,243 875,875 126,368 Costs (885,198) (783,901) (101,297) Gross operating profit 117,045 91
Slide 13: Statement of Financial Position
13 Statement of Financial Position Reclassified Consolidated Statement of Financial Position of the Salini Impregilo Group Thousand € 31 March 2015 31 December 2014 change Non-current assets 860,272 832,355 27,917 Non-current assets held for sale, net 103,905 84,123 19,782 Provisions for risks (100,
Slide 14: Net Financial Position
14 Net Financial Position Net Financial Position of Salini Impregilo Group €/000 31 March 2015 31 December 2014 Change Non-current financial assets 103,094 89,124 13,970 Current financial assets 144,844 156,908 (12,064) Cash and Cash equivalents 955,689 1,030,925 (75,236) Total cash and cash equival