Cenergy Holdings Sa · EURONEXT:CENER
Cenergy Holdings Sa — H1 2024 Earnings Presentation
29 slides from Cenergy Holdings Sa's earnings presentation, Aug 28, 2024
Slide 1: 2024 H1 Results, Update on Strategy and Guidance
The world runs on ¢ = 2024 H1 Results, Update on Strategy and Guidance August 28, 2024
Slide 2: Agenda
AGENDA Group Key Financial Figures Strategic Update Looking forward Appendix
Slide 3: Key Highlights
Key Highlights KEY HIGHLIGHTS Strong ✓ 2024 H1 ✓ ✓ ✓ ✓ Potential Capital ✓ Increase ✓ ✓ ✓ Updated ✓ ✓ Guidance ✓
Slide 4: Group Key Financial Figures
Group Key 01 Financial Figures
Slide 5: Revenue at €812m
GROUP KEY FINANCIAL FIGURES € Revenue at €812m
Slide 6: Stronger profitability margins
Stronger profitability margins GROUP KEY FINANCIAL FIGURES Improved a-ROCE €
Slide 7: Record order backlog
GROUP KEY FINANCIAL FIGURES Record order backlog
Slide 8: PBT at €73m
PBT at €73m GROUP KEY FINANCIAL FIGURES Net profit of €56m / EPS for H1 2024 at €0.30 €
Slide 9: Net profit of €56m / EPS at €0.30
PBT at €73m GROUP KEY FINANCIAL FIGURES Net profit of €56m / EPS for H1 2024 at €0.30 €
Slide 10: Disciplined balance sheet to facilitate major ongoing growth capex
Disciplined balance sheet to facilitate major ongoing growth capex GROUP KEY FINANCIAL FIGURES €
Slide 11: Strategic Update
02 Strategic Update
Slide 12: Cenergy Is Ready to Seize the Growth Opportunity Ahead
Cenergy Is Ready to Seize the Growth Opportunity Ahead STRATEGIC UPDATE Proposed Intention for an Up to €200m Potential Capital Increase • • • • • • • • • •
Slide 13: Rationale for US Expansion
Rationale for US Expansion STRATEGIC UPDATE ✓ ✓ ✓ ✓ ✓
Slide 14: US Expansion Progressing and On Track
US Expansion Progressing and On Track STRATEGIC UPDATE
Slide 15: Expansion Plans On Track in All Main Greek Production Plants
Expansion Plans On Track in All Main Greek Production Plants STRATEGIC UPDATE Corinth plant Thiva plant Thisvi plant Eleonas plant
Slide 16: Continuously Invest to Capture Opportunities in Attractive Segments
Continuously Invest to Capture Opportunities in Attractive Segments STRATEGIC UPDATE High Developed High-End Capabilities Capabilities Being Further Developed • HVDC Land & Submarine Cables ‒ MVAC Submarine HVAC & HVDC Accessories MV & HV Growth Potential Dynamic • Extra HV Land Flame Retardant Cabl
Slide 17: Capacity Expansion Supported by Attractive Long-Term Trends
Capacity Expansion Supported by Attractive Long-Term Trends STRATEGIC UPDATE • • • • – • • – • – • – • •
Slide 18: In Line with Our Clearly Defined Strategy
In Line with Our Clearly Defined Strategy STRATEGIC UPDATE • • • • • • • • • • • •
Slide 19: Looking forward
03 Looking forward
Slide 20: Updated FY2024 Guidance and Medium-Term Financial Ambitions
Updated FY2024 Guidance and Medium-Term Financial Ambitions OUTLOOK € 1 Adjusted EBITDA as per company’s alternative performance measures: Defined as EBITDA, adjusted to exclude metal price lag, impairment / reversal of fixed, intangible assets and investment properties, impairment / reversal of inv
Slide 21: Financial Calendar
@3 2024 trading update Financial results FY 2024 - Press release Ordinary General Meeting 2025 Expected 2 October 2024 22 November 2024 6 March 2025 21 November 2024 5 March 2025 27 May 2025 @3 2024 trading update - Conference Call Financial results FY 2024 - Conference Call Financial Results % UVAN
Slide 22: The world runs on Cenergy
CENERGY Ei) ae) NG" es HELLENIC CABLES ~ofpest = CORINTH PIPEWORKS =e ¥ 2024 Financial Results
Slide 23: Appendix
Appendix
Slide 24: Consolidated Statement of Profit & Loss H1 2024
Consolidated Statement of Profit & Loss H1 2024 APPENDIX
Slide 25: Consolidated Statement of Financial Position H1 2024
Consolidated Statement of Financial Position H1 2024 APPENDIX
Slide 26: Cables
% Cables > Increasing backlog fuels capacity utilization and ee efficient execution of high-profile projects secures steadily high margins 2 x Earnings ore Ta» Working Capital 560 467 493 142 357 386 304 3 83 HI HI HI HI HI HI HI HI HI JUN DEC JUN JUN DEC JUN 2022 2023 2024 2022 2023 2024 2022 2023
Slide 27: Steel Pipes
3} Steel Pipes > Strang momentum leading the segment to record-high profitability margins ee Z x 305 172 129 192 15 90 74 37 HI HI HI HI HI JUN DEC JUN JUN DEC JUN 2022 2023 2024 2022 2023 2024 2023 2023 2024 2023 2023 2024 HI HI HI 2022 2023 2024 Amounts 1€milion 27 HY 2024 Financial Results
Slide 28: Geographical dispersion of sales
Geographical dispersion of sales GROUP KEY FINANCIAL FIGURES €
Slide 29: Disclaimer
Disclaimer APPENDIX • • • • • • • • ‐