Tecnicas Reunidas Sa · BME:TRE
Tecnicas Reunidas Sa — Tecnicas Reunidas Sa Ord — H1 2025 Earnings Presentation
14 slides from Tecnicas Reunidas Sa's earnings presentation, Jul 31, 2025
Slide 1: H1 2025 Results
H1 2025 Results July 31st, 2025 Juan Lladó – Executive Chairman Eduardo San Miguel - CEO
Slide 2: Index
INDEX 1| Business performance 2| Financial results 3| Final remarks
Slide 3: Business performance
INDEX 1| Business performance 2| Financial results 3| Final remarks
Slide 4: Business performance
Business performance 24-month H1 2025 Commercial YTD Backlog Order intake Pipeline 72.3 B€ 3.8 B€ 13.1 B€ 4
Slide 5: Business performance - Services awards
Business performance - Services awards We remain selective capturing attractive services contracts… • FEED - Consortium with Thyssenkrupp ~65 M€ Undisclosed client for fertilizers facility Middle East • FEED - Clean fuels facility ~35 M€ NOC Middle East • O&M digitalization ~20 M€ NOC • FEED and rol
Slide 6: Business performance - ACWA Power FEED
Business performance - ACWA Power FEED Client Location Total project Contract FEED and rollover CAPEX +4 B€ Sector Low carbon technologies Project overview • Capacity of 0.4 MTPA of hydrogen and • Largest green ammonia plant in Business Unit the world • 100,000 engineering services Partner hours exe
Slide 7: Business performance - Engineering resources
Business performance - Engineering resources … services growth implies updating our engineering capacity TR’s workforce, thousands employees 300 ~13.5 50 370 30 11.4 6,200 200 +3,700 8.5 300 Site construction supervision 1,900 180 2023 2024 2025E Headquarters Global Engineering Excellence Hub 7 Key
Slide 8: Financial results
INDEX 1| Business performance 2| Financial results 3| Final remarks
Slide 9: P&L: Sales and EBIT
P&L Sales, M€ +32% 1,233 1,307 1,437 1,091 1,125 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 EBIT, M€ EBIT margin +46% 56.4 64.0 4.1% 4.3% 4.5% 43.9 47.2 49.8 3.8% Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 2023 2024 Q1 2025 Q2 2025 9
Slide 10: Balance sheet
Balance sheet Net cash position, M€ +33% • Net Cash position firmly 394 423 422 consolidated 318 298 H1 2024 9M 2024 FY 2024 Q1 2025 H1 2025 • Fast-track execution enables: o Better purchasing conditions Equity, M€ o Better delivery times Equity SEPI PPL o Better operating margins 575 654 o Better c
Slide 11: Q3 2025 financial highlights
Q3 2025 financial highlights Project´s acceleration leading to a possible new 1 sales guidance for 2025 2 SEPI loans repayment update 11
Slide 12: Final remarks
INDEX 1| Business performance 2| Financial results 3| Final remarks
Slide 13: H1 2025 Final remarks
H1 2025 Final remarks Order Intake EUR 3.8 billion YTD Backlog EUR 13.1 billion Sales EUR 2,744 million EBIT EUR 120 million Investor Day EBIT margin vs Sales to update SALTA’s progress 4.4% next 2nd October 2025 Net Cash position EUR 422 million 13
Slide 14: Investor Day
Investor Day to update SALTA’s progress next 2 October 2025 nd 14
Tecnicas Reunidas Sa Ord — H1 2025 Earnings Presentation on 6ix