Slide 1: Integrated Solutions Provider – 2023.H1 Results Presentation
Integrated Solutions Provider 2023.H1 Results Presentation
Slide 2: Index
Index 0. Tesmec Group at a glance 1. Key Market trends & Corporate strategy 2. 2023.H1 Business highlights & Results 3. Outlook 4. ANNEX
Slide 3: Tesmec Group at a glance
TESMEC Tesmec Group at a glance
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: Tesmec Group at a glance
Tesmec Group at a glance ENERGY - STRINGING RAILWAY 70 +1,000 10 YEARS PEOPLE MANUFACTURING of experience PLANTS Solutions for power lines Catenary lines construction & construction & maintenance maintenance Advanced methodologies for Diagnostic vehicles and systems automating jobsite Inte
Slide 6: Key Market trends & Corporate strategy
1. Key Market trends & Corporate strategy
Slide 7: Sustainability strategic guidelines
Sustainability strategic guidelines Sustainable Development Goals STRATEGIC GUIDELINES E CLIMATE CHANGE S INVEST IN G WORK OUT AN INCREASE THE % MITIGATION PEOPLE & LOCAL EFFECTIVE OF GREEN&DIGITAL & ENVIRONMENTAL COMMUNITIES SUSTAINABLE SOLUTIONS PROTECTION WELL BEING GOVERNANCE ACTIONS TO BE PERFO
Slide 8: Sustainability as key growth driver
Sustainability as key growth driver PRIORITY TOPICS TASKS (in progress or delivered) The corporate risk management activity represents a key element of the decision-making Ethic and sustainable process, including also ESG aspects governance Strengthen of the sustainability team in order to prope
Slide 9: Taxonomy-aligned KPI – Fiscal Year 2022
Taxonomy-aligned KPI – Fiscal Year 2022 TESMEC economic activities are eligible according the ANNEX I – Climate change mitigation: 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 techn
Slide 10: Corporate & Sustainability - Key Facts 2023.H1
Corporate & Sustainability - Key Facts 2023.H1 KEY FACTS • Drawing the way forward: launch of the new Corporate visual identity and design of a new factory concept • Valorization of corporate culture and local communities through “BergamoBrescia 2023” initiatives and corporate volunteering Launch o
Slide 11: Trencher - Key Facts 2023.H1
Trencher - Key Facts 2023.H1 KEY FACTS Closure of important deals in Saudi Arabia Launch of the brand new 1875 EVO and 400 MCT Presence at international events (Mining indaba, Conexpo, Samoter) Strengthening service activities through digitalization of solutions Launch of the new 1875 EVO, T
Slide 12: Energy Stringing - Key Facts 2023.H1
Energy Stringing - Key Facts 2023.H1 KEY FACTS • Positive feedbacks from markets on new projects and full electric product range • Investments on smart technologies oriented to improve new jobsite methodologies and after- sales services • New design for blocks for production process simplification a
Slide 13: Energy Automation - Key Facts 2023.H1
Energy Automation - Key Facts 2023.H1 KEY FACTS • Relevant opportunities driven by new tender publications and public investments • Positive effects on quarter results thanks to new products market penetration • Continuous development of substation automation projects with growing chances in techn
Slide 14: Rail - Key Facts 2023.H1
Rail - Key Facts 2023.H1 KEY FACTS Growing Internationalization of the Business: “Green & digital" innovation to guarantee a safe, efficient and sustainable railway infrastructure: > Sustainable vehicles (bimodal & full electric) with zero environmental impacts > Artificial Intelligence applie
Slide 15: 2023.H1 Business highlights & Results
2. 2023.H1 Business highlights & Results
Slide 16: 2023.H1 Closing
2023.H1 Closing Delta GROUP (€ mln) 2023.H1 2022.H1 vs.22 REVENUES (1) 125,3 113,3 +10,6% (1) Revenues: 10,6% increase mainly thanks to Energy segments and Rail segment EBITDA (2) 15,2 18,7 -18,9% % on Revenues (2) 12,1% 16,5% (2) EBITDA: affected by different mix yielding lower margins, non recurri
Slide 17: 2023.H1 Closing – Business Breakdown
2023.H1 Closing – Business Breakdown (€ mln) Energy > Revenues growing by 30% compared to 2022.H1, thanks both to +30,8% Stringing and Automation segment, within perspectives of solid 30,9 23,7 31,9% Energy industry mid-term growth 4,8 3,6 > EBITDA: 32% increase thanks to improved mix and efficienci
Slide 18: Backlog
BACKLOG Euro/mln BACKLOG 31/03/2023 Sales 2023.Q2 Intake 2023.Q2 30/06/2023 (1)(2) 103,4 120,0 (1) Of which Euro 98,0 Energy 33,5 million for Energy 16,9 Automation and new opportunities in hi-tech content business 84,1 82,8 Trencher 35,4 34,1 (2) Long term backlog in Automation and Rail segments (2
Slide 19: 2023.H1 Revenues: sales spread over different geographical area
2023.H1 Revenues: sales spread over different geographical area REVENUE BY GEOGRAPHY 2023.H1 REVENUE BY GEOGRAPHY 2022.H1 BRIC BRIC &Others Italia &Others Italy North & 16,4% 22,8% 16,5% North & 29,7% Central Central America America 19,6% 19,3% 125,3 €M 113,3 €M Europa Africa 21,9% Africa 2,7% 4,7%
Slide 20: 2023.H1 Revenues: Increased recurring vs non-recurring
2023.H1 Revenues: Increased “recurring” vs “non-recurring” RECURRING VS NON-RECURRING RECURRING VS NON-RECURRING REVENUES 2023.H1 REVENUES 2022.H1 Non recurring Non recurring 45,2% 46,8% 58,7 €M 66,6 €M 51,2 11,3 €M M€ 62,1 20,5€M M€ Recurring Recurring 53,2% 54,8% Recurring: Rental, Projects, Spare
Slide 21: 2023.H1 EBITDA evolution by BU
2023.H1 EBITDA evolution by BU € mln 20,0 18,7 (2,5) 18,0 (2,2) 16,0 +1,2 15,2 14,0 12,0 non-recurring Temporally weaker Higher sales with charges, and product mix better mix 10,0 investment in Non-recurring strengthening the charges 8,0 organizational structure of commercial and 6,0 busines
Slide 22: 2023.H1 Financial Results
2023.H1 Financial Results Financial Information (€ mln) Jun. 30, 2023 Dec. 31, 2022 Net Working Capital 98,9 80,6 of which: inventory 116,8 101,4 Net Fixed Assets 90,2 89,7 Right of use - IFRS 16/IAS 17 20,7 21,9 Other Long Term assets/liabilities 20,5 19,5 Net Invested Capital 230,3 211,7 Net Finan
Slide 23: 2023.H1 Working Capital evolution
2023.H1 Working Capital evolution € mln 120 15,4 0,4 5,2 11,1 100 3,4 80 60 98,9 40 80,6 20 0 2022 Inventories WIP Trade Trade Other 2023.H1 NWC Receivables Payables current NWC ass. / liab. € Mln 2023.H1 2022.FY 2023.H1 2022.FY Trade Receivables 51,0 56,2 64 83 Inventories 116,8 101,4 146 149 Work
Slide 24: 2023.H1 Net Financial Position Evolution and Free Cash Flow
2023.H1 Net Financial Position Evolution and Free Cash Flow € mln 22,8 150,3 • 1H IN LINE WITH QUARTELY DISTRIBUTION COMMENTED WITH FY 2019 AND 1Q 140,0 RESULTS 10,7 5,8 130,0 128,4 24,1 127,5 18,3 120,0 110,0 - 104,3 -4,9 €M net FCF 100,0 before ΔNWC (-3,6 including Higher inventories IFRS 16 varia
Slide 25: Outlook
TESMEC Outlook
Slide 26: Outlook 2023
Outlook 2023 2019pf 2020pf 2021 2022 2023 >> Significant performance of the Energy segment and Middle East and USA markets; 199,6 172,8 194,3 245,2 280 ~ 290 TURNOVER M€ M€ M€ M€ >> Focus on recurring revenues (rental & services) M€ >> Continuous price lists variation and review of the medium-long t
Slide 27: Trencher – Outlook 2023: Business Guidelines
Trencher – Outlook 2023: Business Guidelines OUTLOOK 2023 Strengthening the presence in Middle East – Saudi and Peninsula Business development opportunities in the US market – TUSA Consolidate value propositions of integrated trencher solutions Digitalization and Electrification focus Tesmec
Slide 28: Energy Stringing – Outlook 2023: Business Guidelines
Energy Stringing – Outlook 2023: Business Guidelines OUTLOOK 2023 • Big backlog recovery with important orders acquisition thanks to new opportunities in renewable sector • Refurbishment of high voltage lines in key markets • Digital transformation • Consolidate the worldwide presence & normalizatio
Slide 29: Energy Automation - Outlook 2023: Business Guidelines
Energy Automation - Outlook 2023: Business Guidelines OUTLOOK 2023 • Consolidation of existing innovative markets and leverage on technological skills development to open new market opportunities • Completion of solution portfolio in terms of products and systems • Supply chain management Market con
Slide 30: Rail - Outlook 2023: Business Guidelines
Rail - Outlook 2023: Business Guidelines OUTLOOK 2023 • Growth thanks to worldwide collaboration • Transition to electrify products • Modular solution • Web platform for data management with AI algorithms 4th August 2023 30
Slide 31: ANNEX
TESMEC ANNEX
Slide 32: Summary 2023.H1 Profit & Loss statement - Appendix A
Summary 2023.H1 Profit & Loss statement - Appendix A Profit & Loss Account (Euro mln) 2023.H1 2022.H1 Delta vs 2022 Delta % Net Revenues 125,3 113,3 12,0 10,6% Raw materials costs (-) (52,1) (43,6) (8,5) 19,5% Cost for services (-) (28,3) (22,1) (6,2) 28,1% Personnel Costs (-) (32,2) (29,8) (2,4) 8,
Slide 33: Summary 2023.H1 Balance Sheet - Appendix B
Summary 2023.H1 Balance Sheet - Appendix B Balance Sheet (€ mln) 2023.H1 2022 Inventory 116,8 101,4 Work in progress contracts 25,4 25,0 Accounts receivable 51,0 56,2 Accounts payable (-) (77,6) (74,2) Op. working capital 115,6 108,4 Other current assets (liabilities) (16,7) (27,8) Net working capit
Slide 34: 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
Slide 35: www.tesmec.com
TESMEC www.tesmec.com