Tecnicas Reunidas Sa · BME:TRE
Tecnicas Reunidas Sa — 9M 2019 Earnings Presentation
17 slides from Tecnicas Reunidas Sa's earnings presentation, Nov 13, 2019
Slide 1: Nine Months 2019 Results Presentation
NINE MONTHS 2019 RESULTS PRESENTATION NOVEMBER 13TH 2019 JUAN LLADÓ CEO
Slide 2: Content
CONTENT Results 9M 2019 Awards Backlog Pipeline Financial Results Outlook 2
Slide 3: FEED Tuban: signals the trust of the industry in TR capabilities
FEED TUBAN: SIGNALS THE TRUST OF THE INDUSTRY IN TR CAPABILITIES Results 9M 2019 Client: JV Pertamina (55%)/ Rosneft (45%) Basic Engineering Design and FEED Trust on TR design and technological quality: o An average of 500+ engineers and 700 at the peak o Scope: new high conversion refinery of 300 k
Slide 4: Suncor: repeating work with our clients, a pillar of our business
SUNCOR: REPEATING WORK WITH OUR CLIENTS, A PILLAR OF OUR BUSINESS Results 9M 2019 Environmental achievements of the project 50/50 Partnership: Técnicas Reunidas and Ledcor -25% greenhouse gases (GHG) emissions Scope: two natural gas cogeneration units (800 MW) to replace coke fired boilers, with exc
Slide 5: The last rolling year awards confirm the recovery of the market
THE LAST ROLLING YEAR AWARDS CONFIRM THE RECOVERY OF THE MARKET Results 9M 2019 Upstream Oil & Gas Refining Adgas ADNOC Singapore Exxon Bu Hasa ADNOC FEED Tuban Pertamina/Rosneft Marjan field Saudi Aramco FEED YPF FEED Upper Zakum ADNOC/Exxon Repeating Customer +7.5B$ Petrochemicals Power & Water FE
Slide 6: Content
CONTENT Results 9M 2019 Awards Backlog Pipeline Financial Results Outlook 6
Slide 7: A growing and high quality backlog…
A GROWING AND HIGH QUALITY BACKLOG… Results 9M 2019 11.5 Billion € 11 10.5 10 9.5 9 10.9 8.5 8 8.7 9.0 7.5 7 3Q 2018 4Q 2018 3Q 2019 7
Slide 8: …and fresh and diversified
…AND FRESH AND DIVERSIFIED Results 9M 2019 BACKLOG SPLIT BY LAUNCH YEAR BY PRODUCTS 39% 49% 14% 3% 47% 48% 2018 2019 Pre-2018 Downstream Upstream Power 8
Slide 9: Content
CONTENT Results 9M 2019 Awards Backlog Pipeline Financial Results Outlook 9
Slide 10: Pipeline at a sustained high level and with dynamic replacement
PIPELINE AT A SUSTAINED HIGH LEVEL AND WITH DYNAMIC REPLACEMENT… Results 9M 2019 Billion USD The pipeline reflects the strong AFTER 7B$ OF fundamentals of the industry Upstream oil and gas asset replacement 43 AWARDS 41 Demand growth for oil, gas and 39 petrochemicals in emerging countries 37 Upgrad
Slide 11: Content
CONTENT Results 9M 2019 Awards Backlog Pipeline Financial Results Outlook 11
Slide 12: Profit and Loss
PROFIT AND LOSS Results 9M 2019 PROFIT AND LOSS € Million 9M 2019 9M 2018 Var. Revenues 3.428 3.256 5.3% EBITDA* 73.1 43.5 68.1% Sales growth as new Margin 2.1% 1.3% projects progress EBIT* 43.2 31.2 38.5% Margin 1.3% 1.0% Still impacted by backlog Net financial results* -8.9 -22.8 unbalanced Profit
Slide 13: Cash Position
CASH POSITION Results 9M 2019 Net Cash Position M€ Stable Net Cash Position >70% of the backlog in Middle East 258 250 219 215 189 3Q 2018 2018 1Q 2019 2Q 2019 3Q 2019 13
Slide 14: Content
CONTENT Results 9M 2019 Awards Backlog Pipeline Financial Results Outlook 14
Slide 15: Business and Market Outlook
BUSINESS AND MARKET OUTLOOK Results 9M 2019 Highly confident about the future o Fresh backlog at €10.9 bn secures future company growth o Strong pipeline and near term bidding outcomes guarantee backlog replacement o Cost and efficiency plans will further consolidate operating margins and TR’s leade
Slide 16: Disclaimer
DISCLAIMER This document has been prepared by Técnicas Reunidas S.A. (the Company) solely for use at presentations held in connection with the announcement of the Company's results for the first nine months of 2019. This document contains forward-looking statements of the Company and/or its manageme
Slide 17: Tecnicas Reunidas
A TECNICAS REUNIDAS