17 slides from Construcciones Y Auxiliar De Ferrocarriles's earnings presentation, Nov 11, 2021
Slide 1: January-September 2021 Results
January-September 2021 Results 11 November, 2021
Slide 2: Contents
1. Executive Summary 2. Order Intake Contents 3. Backlog 4. Consolidated statement of profit or loss 5. Other highlights 6. Appendices 2
Slide 3: 1. Executive Summary
1. Executive Summary All-time highs in Growth ratios and progress in Profitability levels, outperforming pre-pandemic1 figures in sales and profits, and achievements in Sustainability € Order Intake Backlog Revenue EBITDA Net Profit ESG Sustainalytics Low €175m €59m €2,964m €9,738m €2,033m Risk3 8
Slide 4: Relevant milestones for Order Intake and Sustainability
1. Executive Summary Relevant milestones for Order Intake and Sustainability Jul/21 CAF is awarded the largest railway contract in the world involving battery-powered technology (VRR Germany). Updating of the Group's materiality matrix and publication of the first ESG Equity Story (www.caf.net)
Slide 5: 2. Order Intake
2. Order Intake New Railway contracts keep the Group's book-to-bill well above 1 (in millions of EUR) 2018 2019 2020 1Q-3Q 2021 1 TOTAL 1Q-4Q TOTAL 1Q-4Q TOTAL 1Q-4Q Railway Buses TOTAL Railway Buses Order Intake 2,902 4,066 2,123 1,410 713 2,964 2,477 487 book-to-bill 1.4 1.6 0.8 0.7 1.0 1.5 1.6 1.
Slide 6: 3. Backlog
3. Backlog Record order backlog with a railway order backlog in excess of €9bn Backlog (€m) Bus Business Backlog 2,033 Railway Business Backlog 2,964 9,738 8,807 730 712 9.738 8.807 9,008 8,095 2020 31/12/2020 Order Intake Revenue 30/09/2021 Backlog / Sales ratio 3.2x 3.5x1 Order Intake and Backlog
Slide 7: 4. Consolidated statement of profit or loss
4. Consolidated statement of profit or loss Improvements for all items of the income statement, outperforming pre-pandemic1 figures in sales and profits (millions of EUR) 9M21 9M20 Var. % Revenue 2,033 1,817 ▲12% EBITDA 175 138 ▲27% D&A and impairments (65) (68) ▼3% Profit/(loss) from operations 110
Slide 8: Revenue (€m)
4. Consolidated statement of profit or loss Sales continue to grow bolstered by a strong order backlog Revenue (€m) Total Railway ▲14% 1.500 Double digit year-on-year 1,564 growth despite a strong rolling 1,440 1,367 1.000 stock manufacturing performance in 3Q20 to recover 2.500 ▲12% 500 hours not w
Slide 9: EBITDA and EBITDA Margin
4. Consolidated statement of profit or loss The EBITDA Margin is coming close to normalised levels1 EBITDA (€m) EBITDA Margin (%) Total Total +27% + 1 p.p. 200 10,0% 180 160 175 9,0% 171 9.2% 140 8,0% 8.6% 120 138 100 7,0% 7.6% 80 60 6,0% 40 5,0% 20 0 4,0% 2 9M19 9M20 9M21 9M19 2 9M20 9M21 p.p: perc
Slide 10: 5. Other highlights
5. Other highlights 6 de octubre de 2021 10
Slide 11: 6. Appendices
6. Appendices a | Breakdown of order intake b | Consolidated P&L Details c | Alternative Performance Measures (MARs)
Slide 12: a | Breakdown of order intake
a | Breakdown of order intake Contracts announced and included in the backlog for the period January-September 2021 Business Value Additional Date Project Country Description Client Type Rolling stock Rest of businesses (€m) options # units Platform Business Scope Characteristics 1Q COTRAL ItaIy Sup
Slide 13: b | Consolidated P&L details
b | Consolidated P&L details (millions of EUR) 9M21 9M20 Var. % The year-on-year 12% increase in Revenue is mainly attributable to Revenue 2,033 1,817 ▲12% recovering activity after the most severe stage of the pandemic. Growth EBITDA 175 138 ▲27% in railway sales amounted to 14% and 4% in the bus s
Slide 14: b | Consolidated P&L details (continued)
b | Consolidated P&L details (continued) (millions of EUR) 9M21 9M20 Var. % The Financial result is -€24m, up €40m compared to the net financial Revenue 2,033 1,817 ▲12% result in the same period of 2020, mainly as a result of the significant EBITDA 175 138 ▲27% negative exchange rate differences re
Slide 15: c | Alternative Performance Measures (MARs)
c | Alternative Performance Measures (MARs) In conjunction with the financial information prepared in accordance with generally accepted accounting standards (IFRS), the CAF Group uses specific Alternative Performance Measures (APMs) in the management of their business on a recurring and consistent
Slide 16: Legal notice
Legal notice This document has been prepared for information purposes only. The information and opinions contained in this document are provided as of the date of the document and are subject to verification, termination and change without prior The information contained in this document has not bee
Slide 17: WELL PREPARED AND WITH INSIGHT... THAT'S THE WAY WE LOOK AT GLOBAL TRANSPORT. THAT'S
WELL PREPARED AND WITH INSIGHT... THAT'S THE WAY WE LOOK AT GLOBAL TRANSPORT. THAT'S HOW WE DESIGN, DEVELOP, MANUFACTURE, INSTALL AND INTEGRATE ALL THE PARTS REQUIRED FOR AN INTERCONNECTED MOBILITY SYSTEM. WE DO IT YOUR WAY, ADAPTING TO YOUR NEEDS AND PREFERENCES, SUSTAINABLE, SAFE AND COMFORTABLE F