Slide 1: Integrated Solutions Provider - 2021 Results Presentation
Integrated Solutions Provider 2021 Results Presentation
Slide 2: Index
Index 1. Key Market trends & Corporate strategy 2. 2021 Business highlights & Results 3. Outlook 4. ANNEX
Slide 3: Key Market trends & Corporate strategy
1. Key Market trends & Corporate strategy
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: 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 6: Sustainability as key strategic driver
Sustainability as key strategic driver MARKET Work in progress - BUSINESS PLAN & SUSTAINABILITY PLAN DRIVERS STRATEGIC ACTIONS TARGETS SDGs DIGITALIZATION Increase the % of Solution provider & system Green & digital integrator solutions PEOPLE Business model Climate Change mitigation diversification
Slide 7: European Taxonomy Regulation 2020/852
European Taxonomy Regulation 2020/852 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 eligible 2021 is the first
Slide 8: Sustainability as key strategic driver
Sustainability as key strategic driver PRIORITY TOPICS TASKS (in progress or delivered) Gap analysis on the TCDF (Task Force on Climate-related Financial Disclosures) Ethic and sustainable recommendations governance Strengthen of the sustainability team in order to properly face the increasing o
Slide 9: Trencher – Key Facts 2021
Trencher – Key Facts 2021 BUSINESS KEY FACTS • Sustainability: new solutions and systems have been developed to make digging and laying more respectful • Communities: Tesmec is committed to work with local communities to improve the digitalisation and connectivity level First TRT for Gandino digital
Slide 10: Energy Stringing – Key Facts 2021
Energy Stringing – Key Facts 2021 BUSINESS KEY FACTS • Key Markets: Australia & US • Closing of important R&D projects • Good prospects for 2022 Push on Australian First signs of recovery Markets related to big on US market, good interconnections results on second half projects. Important 2021 order
Slide 11: Energy Automation – Key Facts 2021
Energy Automation – Key Facts 2021 BUSINESS KEY FACTS • Completion of strategic R&D projects • Acceleration in the Substation Automation business • Significant renewal and expansion of business network Back to live exhibition Positive market results (Enlit 2021 - Milan) to in Transmission and share
Slide 12: Rail - Key Facts 2021
Rail - Key Facts 2021 BUSINESS KEY FACTS Tesmec grows on the international railway market: Czeck Republic and Israel Strategic event to present innovative technologies Added value technologies development: from Railway to Civil & Underground diagnostic inspection Reality rooted in a territory
Slide 13: 2021 Business highlights & Results
2. 2021 Business highlights & Results
Slide 14: 2021 Closing
2021 Closing Delta (1) Revenues: increase respect the 2020 although GROUP (€ mln) 2021 2020 impacted by the supply chain and logistic vs.20 criticalities REVENUES (1) 194,3 170,6 13,9% (2) EBITDA: positive impact by the Energy and EBITDA (2) (3) 28,1 21,0 34,1% Railways business to compensate the ne
Slide 15: 2021 Closing – Business Breakdown
2021 Closing – Business Breakdown (€ mln) Energy > Rebound compared to 2020 lead by the Energy industry trend +16,7% 51,1 43,8 > EBITDA: impacted by Energy Automation performance and the +47,2% improvement of the Stringing segment after years of product range 7,8 5,3 transition, although consider th
Slide 16: Backlog
BACKLOG Euro/mln BACKLOG 30/09/2021 Sales 2021.Q4 Intake 2021.Q4 31/12/2021 (1) Of which Euro 80,7 million by Energy Automation and new (1) 84,6 (1) 28,9 98,9 opportunities in hi-tech 14,6 Energy content business (2) Acquisition of new orders during the last 79,2 75,4 quarter of the year Trencher 25
Slide 17: 2021 Revenues: sales spread over different geographical area
2021 Revenues: sales spread over different geographical area REVENUE BY GEOGRAPHY 2021 REVENUE BY GEOGRAPHY 2020 BRIC &Others BRIC &Others 15,4% 20,3% Italy 19,2% Italy 25,1% North & North & Central Central America America 19,2% 15,9% Europe 33,6% Europe 25,5% Africa 6,9% Africa 6,2% Middle East Mid
Slide 18: 2021 Revenues: recurring vs non recurring
2021 Revenues: recurring vs non recurring REVENUES RECURRING VS NON REVENUES RECURRING VS NON RECURRING 2021 RECURRING 2020 Non recurring Non recurring 45,8% 50,5% 46,7 M€ 89,1 M€ 105,2M€ 50,2 M€ 86,3 35,9 M€ 84,3 34,9 M€ Recurring Recurring 54,2% 49,5% Recurring: Rental, Projects, Spare Parts, Serv
Slide 19: 2021 EBITDA
2021 EBITDA € mln 30,0 3,6 28,1 28,0 26,0 0,9 24,0 2,6 22,0 21,0 20,0 18,0 16,0 14,0 12,0 10,0 8,0 6,0 4,0 2,0 0,0 2020 Energy Trencher Railway 2021 2020 Positively impacted by the Energy & Railways business 2021 11 March 2022 19
Slide 20: 2021 Financial Results
2021 Financial Results Financial Information (€ mln) 2021 2020 Net Working Capital 77,8 64,3 Non Current assets 79,6 76,7 Right of use - IFRS 16/IAS 17 23,4 22,8 Other Long Term assets/liabilities 12,9 10,0 Net Invested Capital 193,7 173,8 Net Financial Indebtness 96,6 82,3 Lease liability - IFRS 16
Slide 21: 2021 Working Capital evolution
2021 Working Capital evolution € mln 2,7 80 4,5 (6,0) 5,4 6,9 70 60 50 40 77,8 30 64,3 20 10 0 2020 Inventories WIP Trade Trade Other 2021 Net Working Receivables Payables current Net Working capital ass. / liab. capital € Mln 2021.FY 2020.FY 2021.FY 2020.FY Trade Receivables 54,4 60,4 101 127 Inven
Slide 22: 2021 Net Financial Position Evolution
2021 Net Financial Position Evolution € mln • 1H IN LINE WITH QUARTELY DISTRIBUTION COMMENTED Net Financial Position WITH FY 2019 AND 1Q 130,0 RESULTS 28,0 3,7 25,0 24,5 121,0 120,0 110,0 104,4 22,1 100,0 96,5 13,5 90,0 82,3 80,0 70,0 60,0 2020 IFRS 16 Net debt NWC Capex Change of OFCF Net debt IFRS
Slide 23: 2021 Net Financial Position Evolution
2021 Net Financial Position Evolution NET FINANCIAL POSITION € mln 143,0 137,8 140 123,8 10,2 11,0 117,7 121,0 120 112,5 112,5 115,6 118,0 118,5 116,5 119,2 114,7 104,4 5,8 6,4 6,7 8,6 100 105,0 5,9 97,8 99,8 95,5 96,9 94,6 96,5 80 92,6 94,1 82,3 60 40 20 0 2019.Q1 2019.H1 2019.9M 2019 2020.Q1 2020.
Slide 24: Outlook
———— @TESMEC Outlook
Slide 25: Outlook
Outlook KEY POINTS WORLD RAILWAY market Strategic positioning in CAGR 2.3% (2020-2025) SMART GRID market key and growing sectors: telecommunication, smart CAGR 11.8% (2020-2025) grids, renewable energy, mining, railway Expected positive outlook driven by "Green Deal” on key markets such as US, W
Slide 26: 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 27: Trencher – Outlook 2022: Business Guidelines
Trencher – Outlook 2022: Business Guidelines OUTLOOK 2022 • Detection and mapping revolution • New models and solutions for fiber, cables and mining • Electrification of urban digging solutions Drone, mobile New Multicut 400 is warehouse, digital going to hit the market platforms for project by H1 2
Slide 28: Energy Stringing – Outlook 2022: Business Guidelines
Energy Stringing – Outlook 2022: Business Guidelines OUTLOOK 2022 • Important re-lining & cable laying projects • R&D focus on new methodologies & green solutions • Supply Chain impact Focus on re-lining & Push on German transmission projects corridors with special in Middle East with solutions dedi
Slide 29: Energy Automation – Outlook 2022: Business Guidelines
Energy Automation – Outlook 2022: Business Guidelines OUTLOOK 2022 • Consolidation of existing market • Focus on market expansion with new business models • New organization of service & after-sales activities Completion of product Consolidation of portfolio and promotion existing market with of inn
Slide 30: Rail - Outlook 2022: Business Guidelines
Rail - Outlook 2022: Business Guidelines " Digital and Sustainable company " Technologies for a safe, efficient and sustainable railway and civil infrastructure Commitment to make the Digital technologies for railway infrastructure the diagnostic of world even greener infrastructures R&D projects fo
Slide 31: 2020-2023 Business Plan guidelines
2020-2023 Business Plan guidelines Although the conjunctural situation of global uncertainty, there aren’t criticalities on the guidelines of the plan. The outlook 2022 will be shared together with the results of the first Quarter of 2022 looking the evolution of the actual situation. 2019pf 2020pf
Slide 32: ANNEX
———— @TESMEC ANNEX
Slide 33: Summary 2021 Profit & Loss statement - Appendix A
Summary 2021 Profit & Loss statement - Appendix A Profit & Loss Account (Euro mln) 2021 2020 Delta vs 2020 Delta % Net Revenues 194,3 170,7 23,6 13,8% Raw materials costs (-) (78,6) (77,4) (1,1) 1,5% Cost for services (-) (37,7) (30,2) (7,6) 25,1% Personnel Costs (-) (56,0) (48,5) (7,5) 15,4% Other
Slide 34: Summary 2021 Balance Sheet - Appendix B
Summary 2021 Balance Sheet - Appendix B Balance Sheet (€ mln) 2021 2020 Inventory 81,3 74,4 Work in progress contracts 15,7 11,2 Accounts receivable 54,4 60,4 Accounts payable (-) (56,0) (61,4) Op. working capital 95,4 84,6 Other current assets (liabilities) (17,6) (20,3) Net working capital 77,8 64
Slide 35: Disclaimer
Disclaimer The manager responsible for the preparation of the corporate accounting documents, Marco Paredi, declares, pursuant to article 154-bis, paragraph 2, of Legislative Decree No. 58/1998 ("Consolidated Law on Finance") that the information contained in this press release corresponds to the do
Slide 36: www.tesmec.com
@ TE=MeEc www.tesmec.com