Slide 1: Talgo 2018 3Q Results
talgo.com Talgo 2018 3Q Results November 15th, 2018 0
Slide 2: Table of content
Table of content 1. Third Quarter 2018 in review (Jose María de Oriol, CEO) 2. Financial Highlights (Eduardo Fernández-Gorostiaga, CFO) 3. Outlook 2018 update (Jose María de Oriol, CEO) APPENDIX 1
Slide 3: Manufacturing capacity transferred from Mecca-Medina project to Spanish VHS
Manufacturing capacity transferred from Mecca-Medina project to Spanish VHS with maintenance services providing business strength and sustainability Net Revenues reached 236.8 €m in 9M2018 (73.7 €m in 3Q), reflecting a lower manufacturing Revenues activity prior to load again capacity with most re
Slide 4: Strong commercial activity reflected in offers submitted expected to be awarded
Strong commercial activity carried out is reflected in the offers submitted expected to be awarded in the short and medium term Order intake awaiting results from offers submitted 0.5x Book-to-bill ratio New orders amounted 116 €m in 9M2018, resulting in 0.5x Book-to-bill ratio. Considering the to
Slide 5: Table of content
Table of content 1. Third Quarter 2018 in review (Jose María de Oriol, CEO) 2. Financial Highlights (Eduardo Fernández-Gorostiaga, CFO) 3. Outlook 2018 update (Jose María de Oriol, CEO) APPENDIX 4
Slide 6: Successful projects execution resulted in a solid Ebitda margin
Successful projects execution in the period resulted on a solid Ebitda margin Revenues (€m) Revenues recognition reached 236.8 €m. in 9M2018 (73.7 €m in 3Q2018), lower than previous quarter but 444,5 in accordance with the current manufacturing workload 300,0 given the phases of the projects execu
Slide 7: Company strong commitment with shareholders remuneration through record Buy-back Programme
Company strong commitment with shareholders remuneration showed through a record Buy-back Programme Talgo successfully projects performance registered in the last periods have provided strong cash generation, as it was expected. As a result, Talgo has considered to remunerate shareholders with a r
Slide 8: Table of content
Table of content 1. Third Quarter 2018 in review (Jose María de Oriol, CEO) 2. Financial Highlights (Eduardo Fernández-Gorostiaga, CFO) 3. Outlook 2018 update (Jose María de Oriol, CEO) APPENDIX 7
Slide 9: Summary and Outlook
Summary and Outlook Outlook at July-2018 Outlook update FY2018 Manufacturing: Revenues expected Revenues expected to reflect scheduled to reflect manufacturing schedule of manufacturing pace of ongoing projects. ongoing projects. Stability and recurrence on Maintenance: to continue as a main
Slide 10: Table of content
Table of content 1. Third Quarter 2018 in review (Jose María de Oriol, CEO) 2. Financial Highlights (Eduardo Fernández-Gorostiaga, CFO) 3. Outlook 2018 update (Jose María de Oriol, CEO) APPENDIX 9
Slide 11: Appendix 1. Profit & Loss
Appendix 1. Profit & Loss % Change Profit & Loss Account (€m) 9M18 9M17 9M16 9M18-9M17 Total net turnover 236.8 300.0 444.5 (21.1%) Other income 2.6 2.3 4.4 14.9% Procurement costs (67.0) (117.4) (257.1) (42.9%) Employee welfare expenses (82.1) (78.0) (73.5) 5.3% Other operating expenses (46.8) (39.