20 slides from Construcciones Y Auxiliar De Ferrocarriles's earnings presentation, May 9, 2024
Slide 1: First Quarter 2024 Results
www.caf.net FIRST QUARTER 2024 RESULTS 9 May 2024
Slide 2: Legal Notice
LEGAL NOTICE THIS DOCUMENT HAS BEEN PREPARED FOR INFORMATION PURPOSES ONLY The information contained in this document has not Therefore, under no circumstances should it be Any decision made by third parties as a result of the been verified by independent third parties; construed as advice or recomm
Slide 3: Contents
CONTENTS 1. Q1 2024 HIGHLIGHTS 2. FINANCIAL INFORMATION 3. SUSTAINABILITY 4. OUTLOOK 5. APPENDICES 3
Slide 4: Q1 2024 Highlights
/1 Q1 2024 HIGHLIGHTS 4
Slide 5: Key Figures
1. Q1 2024 Highlights / 1.1 Key Figures ORDER INTAKE BACKLOG REVENUE €1,008m Moderate order intake in the first quarter €444m €13,636m and Book-to-bill=0.4, although the outlook is -42% -4% +6% favourable for the rest of the year vs Q1 2023 vs 31/12/2023 vs Q1 2023 EBIT EBIT Mg Temporary drop in the
Slide 6: Moderate order intake in the first quarter, outlook favourable for rest of year
1. Q1 2024 Highlights / 1.1 Key Figures / 1.2 Order Intake MODERATE ORDER INTAKE IN THE FIRST QUARTER, ALTHOUGH THE OUTLOOK IS FAVOURABLE FOR THE REST OF THE YEAR / TOTAL (€m) / ORDER INTAKE DISTRIBUTION BY ACTIVITY LINE (%) Q1 2024 Btb=0.4 for the Group Integrated Rolling Btb=0.3 in the railway seg
Slide 7: Main orders announced and signed in Q1 2024
1. Q1 2024 Highlights / 1.1 Key Figures / 1.2 Order Intake Main orders announced and signed in Q1 2024 / COMMUTER TRAINS FOR QBUZZ (THE NETHERLANDS) • 10 Civity platform commuter trains of 3 cars each. • The operator is part of First Group, a customer CAF is already familiar with. • Vehicles equippe
Slide 8: Temporary drop in the backlog, outlook for Btb ≥1 maintained
1. Q1 2024 Highlights / 1.1 Key Figures / 1.2 Order Intake / 1.3 Backlog TEMPORARY DROP IN THE BACKLOG, WHILE WE MAINTAIN THE OUTLOOK FOR Btb ≥1 FOR THE FINANCIAL YEAR AS A WHOLE / TOTAL (€m) The backlog drops slightly as a result of higher execution than order intake. Buses Business Railway Busines
Slide 9: Financial Information
/2 FINANCIAL INFORMATION 9
Slide 10: Revenue growth and an increase in profit in the first quarter
2. Financial Information / 2.1 Consolidated Statement of Profit or Loss REVENUE GROWTH AND AN INCREASE IN PROFIT IN THE FIRST QUARTER OF THE YEAR Var. Q1 (EUR million) Q1 2023 Q1 2024 2024/Q1 2023 REVENUE 952 1,008 +6% Revenue increased by 6% in the quarter. OPERATING RESULT - EBIT 43 47 +9% % EBIT
Slide 11: Revenue growth, at the envisaged rate
2. Financial Information / 2.1 Consolidated Statement of Profit or Loss REVENUE GROWTH, AT THE ENVISAGED RATE REVENUE / CONSOLIDATED / RAILWAY / BUSES +6% +11% -10% 1,008 952 816 738 214 192 Q1 2024 Q1 2023 Q1 2024 Q1 2023 Q1 2024 Q1 2023 % on revenue % on revenue % on revenue % on revenue 78% 81% 2
Slide 12: Upward trend of the results in the period
2. Financial Information / 2.1 Consolidated Statement of Profit or Loss UPWARD TREND OF THE RESULTS IN THE PERIOD RESULT / EBIT (€m) and The Group's EBIT increased 9%, while net profit rose 16%. EBIT Margin (%) +9% 80,00 The railway segment continued to be impacted by the 5,00% 70,00 4.6% 4.7% execu
Slide 13: Sustainability
/3 SUSTAINABILITY 13
Slide 14: Rating upgrades and fulfilment of commitments
3. Sustainability RATING UPGRADES AND FULFILMENT OF COMMITMENTS / CAF RECEIVES AN AA RATING IN MSCI ESG / CAF RANKED AMONG THE 30 MOST SUSTAINABLE SPANISH COMPANIES ACCORDING TO THE S&P INDEX / The Company achieves its best rating in this sustainability index, after improving from an / CAF has been
Slide 15: Outlook
/4 OUTLOOK 15
Slide 16: The outlook for 2024 remains unchanged
4. Outlook THE OUTLOOK FOR 2024 REMAINS UNCHANGED / 20241 Book-to-bill > ≥1 Selective Order intake Revenue > Approximately +10% vs 2023 EBIT Net profit > Improved profitability vs. 2023 Dividend > In line with the development of results NFD/EBITDA ratio > Stability compared to 2023 SUSTAINABILITY >
Slide 17: Appendices
/5 APPENDICES 17
Slide 18: Contracts announced and included in the backlog, January-March 2024
5. Appendices / 5.1 Breakdown of order intake CONTRACTS ANNOUNCED AND INCLUDED IN THE BACKLOG IN THE PERIOD FROM JANUARY-MARCH 2024 DATE PROJECT COUNTRY BUSINESS/ACTIVITY DESCRIPTION TYPE CUSTOMER ADDITIONAL OPTIONS Q1 2024 Qbuzz The Netherlands Railway / Rolling stock The supply of 10 Civity commut
Slide 19: Alternative Performance Measures (APM)
ALTERNATIVE PERFORMANCE MEASURES (APM) In addition to the financial information prepared in accordance with the generally accepted accounting principles (GAAP), the CAF Group uses specific Alternative Performance Measures (APM) in the management of its business on a recurring and consistent basis, w
Slide 20: Trust in Motion
TRUST IN MOTION