Tesmec S.p.a. · MIL:TES
Tesmec — Q1 2025 Earnings Presentation
29 slides from Tesmec's earnings presentation, May 9, 2025
Slide 1: 1Q.2025 Results
1Q.2025 RESULTS Grassobbio, May 9th, 2025 1
Slide 2: 1Q.2025 Results Agenda
1Q.2025 RESULTS TESMEC GROUP AT A GLANCE OPENING REMARKS, FINANCIALS & KEY METRICS 2025 BUSINESS GUIDELINES ANNEX
Slide 3: Tesmec at a Glance
TESMEC AT A GLANCE TESMEC
Slide 4: Our Vision, Our Mission
OUR VISION OUR MISSION FOR THE FUTURE FOR THE PLANET COMMITTED TO ENERGY TRANSITION, DIGITALIZATION AND ELECTRIFICATION Technology partner in markets driven by energy transition, digitalization and sustainability with INNOVATIVE, ADDED-VALUE INTEGRATED SOLUTIONS for the construction, maintenance and
Slide 5: Drivers: Strategic Value-Added Solutions and Monitoring Systems
STRATEGIC VALUE-ADDED SOLUTIONS AND MONITORING SYSTEMS DRIVERS DELIVERING HIGH PERFORMANCE ON COMPLEX PROJECTS INNOVATION, • Growing long-term trends in cross-cutting development drivers: DIVERSIFICATION energy transition, sustainability and digitalization • Selective approach on key growth sectors:
Slide 6: Market Drivers: Transform to Grow
IOT, BIG DATA AND ARTIFICIAL INTELLIGENCE MARKET • Combine Operational Data in the cloud and apply Advanced Analytics • DRIVERS Diagnostic and Digitalization for the Predictive Maintenance • Robotization, Connectivity and Servitization • Cyber Security and Blockchain TRANSFORM TO GROW ENERGY TRANSIT
Slide 7: Energy in All Its Shades
READY ENERGY-STRINGING • Solutions for power lines ENERGY-AUTOMATION • Telecommunications solutions for HV Grids TO UNLEASH construction & maintenance • Advanced methodologies for • Grid Management: protection and metering solutions ENERGY automating jobsite • Advanced sensors for fault passage • Ze
Slide 8: Highlights, Group Financials & Key Metrics
1Q.2025 RESULTS HIGHLIGHTS, GROUP FINANCIALS & KEY METRICS 8
Slide 9: New CEOs Appointed
NEW CEOs APPOINTED Caterina Caccia Dominioni Carlo Caccia Dominioni Caterina Caccia Dominioni, General Counsel of the Group, Carlo Caccia Dominioni, Energy BU Director, has a deep has a solid experience in Tesmec's governance. knowledge of Tesmec businesses. He joined the Company in Member of the Bo
Slide 10: 1Q.2025 Highlights
1Q.2025 HIGHLIGHTS WHAT WORKED WELL • Revenues’ improvement compared to pro-forma WHERE WE ARE with positive contribution of all businesses MAKING PROGRESS • Further strengthening of the Energy business, with the award of the framework contract in • EBIDTA influenced by product mix quarterly yieldin
Slide 11: 1Q.2025 Actual Profit & Loss Statement
1Q.2025* ACTUAL PROFIT&LOSS STATEMENT “1Q.2024 Pro-Forma” excludes Groupe Marais discontinuing operations results (“after” JV operation in France) PROFIT & LOSS 1Q.2025 1Q.2024 €M Actual Pro-Forma Δ Δ% ▪ REVENUES growing by ca. 10% vs. 2024, with improvement in all business units REVENUES 61,4 55,8
Slide 12: 1Q.2025 Statement of Financial Position
1Q.2025* STATEMENT OF FINANCIAL POSITION €M Mar. 31, 2025 Dec. 31, 2024 Δ Net Working Capital 103,0 99,8 3,1 of which: inventory 94,2 96,1 (1,9) ▪ Increase in net working capital due to higher intra-year of which:A/R 61,2 55,4 5,7 receivables and WIP Fixed Assets 105,2 106,9 (1,7) ▪ Groupe Marais re
Slide 13: Trenchers: 1Q.2025 Facts & Figures
TRENCHERS: 1Q.2025* FACTS & FIGURES (€M) 50 KEY FACTS ▪ Solid business growth and market relaunch in Tesmec USA, 40 better than initial forecast even thought the uncertainty of the 30,7 31,8 market related to political and other developments 30 ▪ Enhancing local infrastructure in Australia with prom
Slide 14: Rail: 1Q.2025 Facts & Figures
RAIL: 1Q.2025 FACTS & FIGURES (€M) 20 KEY FACTS ▪ Significant milestones in internationalization: ✓ SWITZERLAND: successful achievement of the critical 9,6 design review (CDR). second significant milestone of the 10 sales contract for the design, production and 7,5 commissioning of the integrated di
Slide 15: Energy: 1Q.2025 Facts & Figures
ENERGY: 1Q.2025 FACTS & FIGURES (€M) 30 KEY FACTS 20,0 17,6 Stringing 20 ▪ Major opportunities in India and Middle East with development prospects and in US with the introduction of new innovative 10 tools. 2,9 3,2 ▪ PE1151 launch: a new full electrical machine complete the 16,4% 15,8% offer in the
Slide 16: 1Q.2025 KPI
1Q.2025* KPI BACKLOG MARKETS RECURRING BUSINESS • Long- term backlog in Automation and Rail • Recurring: Rental, Projects, Spare Parts, Services (maintenance, revamping & refurbishing, consulting & training), LT backlog; • Non-recurring: Sales of goods Africa; 14% Europe; 23% Rail Middle East; 114 E
Slide 17: 1Q.2025 EBITDA Evolution by BU
1Q.2025* EBITDA EVOLUTION BY BU (€M) 20 +0,6 (0,6) +0,3 10 Volumes and lower 9,1 Volumes Job-orders’ mix OPEX, more than 9,5 and lower OPEX offsetting quarterly mix 9,1 9,2 9,5 0 Pro-forma 1Q.2024 Trencher Railway Energy 1Q.2025 *Actual figures as of March 31, 2025 prepared in accordance with IFRS5.
Slide 18: 1Q.2025 Net Financial Position Evolution
1Q.2025* NET FINANCIAL POSITION EVOLUTION (€M) 200 Total delta: -5,6€M Delta IFRS: -3,3€M 150 Delta Net NFP: +8,9€M 153,5 30,5 152,6 147,0 33,8 3,5 3,1 2,2 122,1 100 113,2 50 0 Dec. 31, 2024 IFRS 16 Net debt NWC OFCF CAPEX Net debt IFRS 16 Mar.31, 2025 31/12/2024 31/03/2025 €M Mar. 31,2025 Dec. 31,2
Slide 19: 2025 Business Guidelines
2025 BUSINESS _~ GUIDELINES™ TESMEC 19
Slide 20: 2020-2024 Equity Story and 2025 Outlook
2020-2024 EQUITY STORY and 2025 OUTLOOK (€ mln) 17,2% LEVERAGING STRONG CAPABILITIES IN THE FACE OF CURRENT 41,1 153,5 MACROECONOMIC CHALLENGES AND UNCERTAINTY 14,5% 147 245,2 239,5 236 153,5 35,2 13,9% ▪ Growing reference markets driven by energy transition 32,8 128,4 121,0 ▪ Solid order book and e
Slide 21: Trenchers
TRENCHERS The strengthening of North Africa, Strengthening driven by favorable conditions, the the North Africa resumption of key projects, and market the consolidation of local structure. Tesmec invests in the Business advancement of digital solutions Strategic and services and AI technology for ex
Slide 22: Rail
RAIL TESMEC FRANCE: Strategic platform for the growth of French Growth of French activities in the railway sector: development activities of a specialized center to support the Railway business, aimed at meeting local needs for railway infrastructure maintenance solutions. STRENGTHEN THE MARKET POSI
Slide 23: Energy
ENERGY STRINGING AUTOMATION Continue leading the growth and extend Growth at a fast pace while improving the market share, we will implement diversification, exploiting our current strategic initiatives and innovative Profitability Digitalization portfolio and addressing contingencies, by solutions.
Slide 24: 1Q.2025 Annex
1Q.2025 ANNEX — | TESMEC
Slide 25: Annex: 1Q.2025 Summary Profit & Loss Statement
ANNEX: 1Q.2025* SUMMARY PROFIT & LOSS STATEMENT PROFIT & LOSS (€ Mln) 1Q.2025 ACTUAL 1Q.2024 PRO-FORMA NET REVENUES 61,4 55,8 Raw materials costs (-) (28,6) (25,0) Cost for services (-) (11,0) (10,0) Personnel Costs (-) (13,6) (13,9) Other operating revenues/costs (+/-) (1,5) (1,3) Non recurring rev
Slide 26: Annex: 1Q.2025 Balance Sheet
ANNEX: 1Q.2025* BALANCE SHEET BALANCE SHEET (€ Mln) Mar. 31, 2025 Dec.31, 2024 Inventory 94,2 96,1 Work in progress contracts 40,6 36,7 Accounts receivable 61,2 55,4 Accounts payable (-) (86,3) (79,9) Op. working capital 109,7 108,4 Other current assets (liabilities) (6,8) (8,6) Net working capital
Slide 27: 1Q.2025 Results Conference Call
1Q.2025 RESULTS CONFERENCE CALL Friday 9th May, 2025: 3 PM CET Diamond Pass Registration ir@tesmec.com Investors | Tesmec 2025 FINANCIAL CALENDAR • Wednesday, 6th August 2025: approval of the Company’s Half-Year Report as of 30th June 2025 • Friday, 7th November 2025: approval of the Company’s Quart
Slide 28: 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
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