Alstom Sa · EURONEXT:ALO
Alstom Sa — 9M 2023/24 Earnings Presentation
17 slides from Alstom Sa's earnings presentation, Jan 24, 2024
Slide 1: 9 Months Results Fiscal Year 2023/24
9 Months Results Fiscal Year 2023/24 24 January 2024 1
Slide 2: Disclaimer
Disclaimer ● This presentation contains forward-looking statements which are based on current plans and forecasts of Alstom’s management. Such forward-looking statements are relevant to the current scope of activity and are by their nature subject to a number of important risks and uncertainty facto
Slide 3: Good commercial momentum with book-to-bill at 1.3 in Q3 2023/24
Good commercial momentum with book-to-bill at 1.3 in Q3 2023/24 ORDERS 9 months 2023/24 (in € billion) 13.9 13.9 (8.5)% AMECA 0.9 Signalling 1.9 3 APAC 2.4 Systems Americas 1.8 15.2 13.9 Services 4.9 5.5 4.6 3.9 8.2 Europe Q1 Q2 Q3 4.7 Rolling stock 9 Months 2022/23 9 Months 2023/24 9 Months 2023/24
Slide 4: Main orders of Q3 2023/24
Main orders of Q3 2023/24 €5.5 bn OF ORDERS BOOKED IN Q3 2023/24 €1.0 bn €0.9 bn Cross Country (MAINTENANCE- United Kingdom) VLocity (MAINTENANCE- Australia) €0.9 bn €0.3 bn Tel Aviv Green Line (TURNKEY- Tel Aviv) Nexteo (SIGNALLING - France) © ALSTOM SA 2024. All rights reserved. Information contai
Slide 5: Continued organic sales growth
Continued organic sales growth SALES evolution (in € million) 9 Months 2023/24 SALES SPLIT BY PRODUCT LINES +4.1% ROLLING STOCK: €6,765m (+1% over 9 months vs 2022/23, o/w 5% org) Ramp-up in Brazil and India, solid level of execution in the US + 4.6% and in France + 10.0% SERVICES: €2,981m (2.7)% (0
Slide 6: Strong mobilization on operational, commercial and deleveraging plan
Strong mobilization on operational, commercial and deleveraging plan PRODUCTION RAMP-UP ≈ 4,700 Assets Disposals €0.5 to €1bn proceeds target 3,415 2,250 1,125 2,998 4,151 Equity-like instruments Private 2,008 capital 1,026 Q1 H1 9 months FY FY 22/23 FY 23/24 Capital increase Target (1)% of Costs sa
Slide 7: Updates on Amtrak and Aventra programs
Updates on Amtrak and Aventra programs AMTRAK Next Generation AVENTRA Platform US - High Speed Train UK - Regional Trains 6 contracts – 5 customers Key numbers / Achievements Key numbers / Achievements • Selling Price €1.5 billion, positive GM – 28 trains • Total Selling Price ~€5 billion, negative
Slide 8: FY 2023/24 and mid-term targets confirmed
FY 2023/24 and mid-term targets confirmed FY 2023/24 outlook and mid-term targets confirmed ● Book to bill above 1 ● Sales organic growth: above 5% ● aEBIT around 6% ● FCF within the range €(500m) - €(750)m Mid-term targets The Group has based its FY 2023/24 outlook on a central inflation To be reac
Slide 9: Contacts & Agenda
Contacts & Agenda CONTACTS AGENDA 8 May 2024 FY 2023/24 results Martin VAUJOUR 20 June 2024 VP Investor Relations General assembly Estelle MATURELL ANDINO 26 July 2024 Deputy Head Investor Relations First quarter FY 2024/25 orders and sales investor.relations@alstomgroup.com © ALSTOM SA 2024. All ri
Slide 10: Q&A session
Q&A session 10
Slide 11: Appendix
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Slide 12: Financial Calendar – Where to meet us in 2024?
Financial Calendar – Where to meet us in 2024 ? Abu Dhabi, UAE February 29 Titans of Capital Landmark MENA event - Morgan Stanley March 26 Société Générale - European ESG Conference Paris, FRANCE May 8 - 31 FY roadshows (London, Paris, Europe and US/Canada) Paris, FRANCE June 5 BNPP Exane CEO confer
Slide 13: Sales - Reported vs Organic figures by quarter
Sales - Reported vs Organic figures by quarter FY 2022/23 FY 2023/24 Reported growth Q1 Q2 Q3 Q4 Q1 Q2 Q3 9M Rolling Stock 0.5% 3.0% 4.8% -2.0% 5.5% -0.7% -0.2% 1.5% Services 19.3% 12.0% 13.0% 5.7% 5.2% 15.3% 2.3% 7.4% Systems 63.0% 22.2% 9.3% 24.0% -16.0% 22.5% 12.0% 5.2% Signalling -1.3% 15.2% 11.
Slide 14: Appendix - Non-GAAP financial indicators definitions (1/3)
Appendix - Non-GAAP financial indicators definitions (1/3) This section presents financial indicators used by the Group that are not defined by accounting standard setters. • Orders received A new order is recognised as an order received only when the contract creates enforceable obligations between
Slide 15: Appendix - Non-GAAP financial indicators definitions (2/3)
Appendix - Non-GAAP financial indicators definitions (2/3) ● EBIT before PPA Following the Bombardier Transportation acquisition and with effect from the fiscal year 2021/22 condensed consolidated financial statements, Alstom decided to introduce the “EBIT before PPA” indicator aimed at restating it
Slide 16: Appendix - Non-GAAP financial indicators definitions (3/3)
Appendix - Non-GAAP financial indicators definitions (3/3) ● Gross margin % on backlog Gross Margin % on backlog is a Key Performance Indicator to present the expected performance level of firmed contracts in Backlog. It represents the difference between the sales not yet recognized and the cost of
Slide 17: www.alstom.com
www.alstom.com www.alstom.com 17