Somec S.p.a. · MIL:SOM
Somec — Investor Presentation (January 2022)
32 slides from Somec's investor presentation, January 2022
Slide 1: Company Presentation January 2022
COMPANY PRESENTATION JANUARY 2022
Slide 2: The Group: Vision, Mission, Values
THE GROUP 2 VISION MISSION VALUES INNOVATION-DRIVEN The world has been recognising The companies in the Many companies have practical WORK CULTURE the history and culture of Italian SOMEC Group strive for project management and construction solutions for more and place innovative tailored engineerin
Slide 3: History: From Local Company to International Group
WITH A POSITIVE OUTLOOK FOR HISTORY THE 2021 FINANCIAL 3 YEAR SOMEC SOMEC TAKES FROM LOCAL COMPANY OVER INOXTREND SOMEC TAKES LAUNCHES A NEW GROUP IDENTITY TO INTERNATIONAL NEW AND CREATES OVER TSI AND — BUOYANT A START-UP COMPLETES ITS GROUP REPUTATION GROWS, AS WELL AS THE ORDER MANAGEMENT SHIPBUI
Slide 4: Segments and Companies
THE GROUP TOTAL REVENUES (€m) EBITDA (€m) SUSTAINABILITY 4 1H 2021 1H 2021 SEGMENTS AND 127,975 14,141 Somec has made a commitment to COMPANIES FY 2020 223,424 FY 2020 18,690 sustainability, a responsibility shared by every business area. Buoyed by a reputation built on the The SOMEC Group’s results
Slide 5: Together for a Successful Business
MANAGEMENT & SHAREHOLDING 5 TOGETHER FOR A SHAREHOLDING STRUCTURE OF SOMEC SPA SUCCESSFUL BUSINESS 0.26% Treasury shares 24.41% Free float Since 2013 the SOMEC Group management team have been committed to a long-term growth strategy, with a shared vision of maintaining the company’s standing as a hu
Slide 6: Total Internal Management
PEOPLE 6 TOTAL INTERNAL MANAGEMENT 14% 14% The SOMEC model sets itself apart thanks ADMINISTRATION RESEARCH, to the development of original systems AND STAFF Creating a profitable DEVELOPMENT AND ENGINEERING and the in-house management of the business Focusing on design, engineering and innovation 1
Slide 7: Engineered Systems of Naval Architecture and Building Façades
ENGINEERED SYSTEMS 7 OF NAVAL ARCHITECTURE AND BUILDING FAÇADES The SOMEC Group is one of the major players in North America and Europe when it comes to the design, procurement, production, installation and maintenance of innovative solutions and original building and ship construction systems chara
Slide 8: The Companies
ENGINEERED SYSTEMS OF NAVAL 8 ARCHITECTURE AND BUILDING FAÇADES THE COMPANIES Façade systems for all types Innovative, high-performance Construction and of buildings, encompassing glass enclosures for cruise installation of curtain walls, the idea of architects, designers, ships, quality endorsed by
Slide 9: Selected Projects
9 COSTA SMERALDA ENCHANTED PRINCESS 2050 M STREET COSTA CROCIERE PRINCESS CRUISES WASHINGTON, DC TWA FLIGHT CENTER HOTEL ROYAL PRINCESS The JACX JAMAICA QUEENS, NY PRINCESS CRUISES LONG ISLAND CITY, NY
Slide 10: Professional Kitchen Systems and Products
PROFESSIONAL 10 KITCHEN SYSTEMS AND PRODUCTS The SOMEC Group designs integrated, bespoke systems for professional kitchens, which harmoniously combine high-end aesthetics and superior performance levels. Turnkey solutions for the catering and hospitality industry, characterised by endorsed standards
Slide 11: The Companies
PROFESSIONAL KITCHEN 11 SYSTEMS AND PRODUCTS THE COMPANIES Turnkey ship catering Bespoke professional kitchens solutions, with management with high performance and of the entire product cycle, reliability characteristics, from customised design supporting international chefs through to production in
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Slide 13: Design and Production of Bespoke Interiors
DESIGN AND 13 PRODUCTION OF BESPOKE INTERIORS The SOMEC Group delivers bespoke interior design projects. Fluid settings, characterised by sophistication and attention to detail, which emphasise the beauty in that detail, and understand and satisfy customer requirements. High-calibre expertise dedica
Slide 14: The Made-in-Italy Ability to Create the Overall Growth of the Group
THE MADE-IN-ITALY ABILITY TO CREATE THE OVERALL GROWTH OF THE GROUP
Slide 15: The Companies
DESIGN AND PRODUCTION 15 OF BESPOKE INTERIORS THE COMPANIES Fully personalized interior design solutions for various high-end settings, made with noble materials expertly processed using cutting-edge techniques. Sophisticated creations that make an impact, perfectly blending perfectionism and genius
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Slide 17: Target Markets & Business Segments
TARGET MARKETS & BUSINESS SEGMENTS RIDING THE MOST ATTRACTIVE MARKET TRENDS
Slide 18: Building Façades
BUILDING 18 FAÇADES In countries such as the United States, China, Germany Due to their heat capacity, continuous façades will also Finally, continuous façades also come in super-jumbo and the UK, the post-COVID 19 financial support see considerable growth in the residential sector, format, which is
Slide 19: The Changing Face of New York
THE CHANGING FACE 19 OF NEW YORK New York’s Climate Change Legislation is resulting in the city changing face and showing a new look. The City of New York is embarking on an ethical revamping process to facilitate Local Law 97, which requires the reduction of CO2 emissions, improving methods for imp
Slide 20: Naval Architecture
NAVAL 20 ARCHITECTURE ORDER BOOK 2021 > 2025 The cruise industry is forecasting 31.7 million passengers in 2022 (compared with 27.8 in 2019), reaching 38.7 million in 2027. 2021 2022 2023 2024 2025 SHIPS COMMISSIONED nr 26 29 22 11 11 AVERAGE DIMENSIONS tonnes 58,452 74,956 103,167 120,027 111,132 A
Slide 21: High-End Catering
HIGH-END 21 CATERING In an era of growing interest in high-end cuisine, the professional equipment MARKET SIZE (USD) / 2020 MARKET TREND (CAGR) market for exclusive catering is flourishing. Of approximately 16,000 Michelin WORLD WORLD restaurants, more than 20% have a star rating and the figure is i
Slide 22: Mestieri: Strategic Development Line
MESTIERI: STRATEGIC DEVELOPMENT LINE 22 HIGH-END HOTELS PRIVATE HOUSES & FLATS LUXURY RETAIL SUPERYACHTS > 7,000 > 500,000 > 6,000 821 New hotels in the world Ultra high-net-worth individual Stores luxury brands in Europe New superyachts in order (2021) (2021) and North America (2021) in the world (
Slide 23: SOMEC S.p.A. Key Figures
IJ [| SOMEC SOMEC S.P.A. KEY FIGURES
Slide 24: Global Delivery: Group Companies and International Presence
GROUP COMPANIES AND INTERNATIONAL PRESENCE 24 GLOBAL FLORIDA NEW YORK GERMANY ITALY NORWAY CHINA DELIVERY NAVALTECH TSI 3.0 PARTNERS USA BLUESTEEL GROUP USA SOMEC BRANCH OXIN BRANCH SOMEC GRUPPO HQ BLUESTEEL SOMEC BRANCH OXIN BRANCH SOMEC SHANGHAI FABBRICA WORKS GICO CONNECTICUT FRANCE HYSEA FINLAND
Slide 25: Project Cycle
OPERATION MODEL 25 1 3 5 PRE-SALES SELECTING MATERIALS INSTALLATION PROJECT The most complex phase, which includes references, preliminary engineering The SOMEC Group works with different materials depending on the sector. With more than 300 major projects delivered, tested and approved, the SOMEC G
Slide 26: Trend Line
TREND LINE 26 Track records of growth. 251.4 223.4 Revenues € million 165.5 Value of production* 87.0* € million 75.8* 49.8* 30.7* 41.7* 1978 1993 2013 OIC 2014 OIC 2015 OIC 2016 OIC 2017 OIC 2018 IFRS 2019 IFRS 2020 IFRS 2021 IFRS Somec, founded Startup of Oscar Marchetto Acquisition Oxin Startup o
Slide 27: Backlog Analysis
BACKLOG ANALYSIS 27 BACKLOG (30.06.2021) SEASCAPE BACKLOG (30.06.2021) BREAKDOWN BY BUSINESS ACTIVITIES BREAKDOWN BY CRUISE OPERATOR SEASCAPE SEASCAPE LANDSCAPE
Slide 28: Key Figures
KEY FIGURES 28 1H 2021 TURNOVER BREAKDOWN 1H 2021 TURNOVER BREAKDOWN REVENUES €m - IAS/IFRS BY GEOGRAPHIC AREA BY BUSINESS ACTIVITIES SEASCAPE LANDSCAPE 223.4 FY 2020
Slide 29: Key Figures: EBITDA and Bridge to Net Profit
KEY FIGURES BRIDGE FROM EBITDA TO NET PROFIT 1H 2021 29 EBITDA & MARGIN €m - IAS/IFRS STILL INVESTING FOR GROWTH €m - IAS/IFRS 18.6 8,4% *PPP: Paycheck Protection Program (US Government Grant) FY 2020
Slide 30: Financial Results: Income Statement and Balance Sheet
FINANCIAL RESULTS 30 INCOME STATEMENT BALANCE SHEET
Slide 31: Financial Results: Net Financial Position and Cash Flow
FINANCIAL RESULTS 31 NET FINANCIAL POSITION CASH FLOW STATEMENT
Slide 32: Contacts
32 CONTACTS Investor Relations Office Phone:+39 0438 471998 Email: investorrelations@somecgruppo.com SOMECGRUPPO.COM