Slide 1: FY2020 Results
FY2020 Results Board of Directors 31 march 2021 Inserire qui il titolo della presentazione Inserire qui il sottotitolo della presentazione The energy which creates the future
Slide 2: Introduction
Introduction «Considering the current macroeconomic context and in a very difficult year as 2020 was, the results of the PLC group should be considered more than positive; because, we brilliantly overcame all the obstacles and uncertainties along our way» DISCLAIMER This document contains certain fo
Slide 3: Indice
Indice Highlights Key figures Results vs Guidance Results review Group EBITDA Results by Segment Investments Cash flow Consolidated Financial Statement 2021 Guidance 3 FY2020 Results
Slide 4: Highlights
Highlights 4 FY2020 Results
Slide 5: Key figures
Key figures +19.923 65.538 2.895 +2.895 3.384 (7.996) 45.615 Revenues (€/000) EBITDA (€/000) NFP (€/000) (4.113) 2.848 399 342 Leasing effect 536 (1.088) Leasing liabilities (1.092) 2019 2020 2019 2020 2019 2020 FY 20 Results significantly improved compared to FY 19 despite Covid-19 pandemic. Si
Slide 6: Results vs Guidance
Results vs Guidance 7.583 65.538 67.687 Revenues (€/000) 4.000 EBITDA (€/000) 4.000 3.384 3.583 63.687 ACT Guidance 2020 ACT Guidance FY 20 results in line with «revised budget – worst case scenario» Reflects the delay in finalizing the operation with EDPR 6 FY2020 Results
Slide 7: Results review
Results review 7 FY2020 Results
Slide 8: Group EBITDA
Group EBITDA +2.495 3.384 +630 399 +81 (221) 5.417 4.787 734 Construction Services Trading Holding (1.762) (2.847) (2.626) 2019 2020 Construction Services Trading Holding Increasingly important role of the Services Segment Return to a positive contribution from the Construction Segment 8 FY2020
Slide 9: Results by segment - Construction
Results by segment - Construction 16.213 1.832 14.944 Revenues (€/000) EBITDA (€/000) 2.787 734 13.426 1.832 (1.762) (514) 2019 2020 (585) EPC System EPC Schmack BOT System EPC System EPC Schmack BOT System EBITDA driven by BOT component The EPC component discounts the effect of Covid-19 pandemi
Slide 10: Results by segment - Services
Results by segment - Services 46.453 5.417 4.787 1.153 Revenues (€/000) EBITDA (€/000) 30.658 24.305 1.758 465 15.481 5.136 (1.762) 3.799 (1.098) 3.029 15.177 17.012 2019 2020 2019 2020 PLCSER / WIND Schmack Monsson PLCSER / WIND Schmack Monsson 70,8% of total revenues (+50% on FY 19) EBITDA k€
Slide 11: Investments
Investments 3.900 4.981 3.568 Divestments (€/000) Investments (€/000) 671 570 3.152 3.414 4.197 687 2019 2020 2019 2020 Capex M&A Other Capex M&A Other Investments k€ 3.568 Tangible assets k€ 2.089 Intangible assets k€ 1.479 Divestments k€ 4.981 (EGPI operation) 11 FY2020 Results
Slide 12: Cash flow
Cash flow (7.996) 3.153 1.413 (4.113) (235) (401) (47) 2019 Adj EBITDA Capex NWC Financial Taxes & 2020 charges other 12 FY2020 Results
Slide 13: Consolidated Financial Statement
Consolidated Financial Statement 13 FY2020 Results
Slide 14: Statement of financial position
Statement of financial position RECLASSIFIED STATEMENT OF FINANCIAL POSITION 2020 2019 (thousands of Euro) Net tangible assets 8.889 9.705 Net intangible assets 13.358 15.987 Equity investments 18 357 Other non-current activities 2.791 2.591 Fixed assets 25.056 28.640 Net working capital 3.890 4.057
Slide 15: Net Financial Position
Net Financial Position RECLASSIFIED NET FINANCIAL POSITION 2020 2019 (thousands of Euro) Cash and cash equivalent 10.198 6.340 Current financial receivables 107 400 Financial liabilities (13.330) (13.644) Financial assets/liabilites held for sale - - NET FINANCIAL POSITION before IFRS16 (3.025) (6.9
Slide 16: Comprehensive Income Statement
Comprehensive Income Statement RECLASSIFIED COMPREHENSIVE INCOME STATEMENT 2020 2019 (thousands of Euro) Core business revenues 62.159 44.763 Other operating revenues 3.379 852 Total revenues 65.538 45.615 Operating costs (59.996) (42.375) Other operating costs (2.158) (2.841) GROSS OPERATING MARGIN
Slide 17: Cash flow statement
Cash flow statement SYNTHETIC CASH FLOW 2020 2019 (thousands of Euro) Comprehensive income (loss) 101 (2.462) Gross Cash Flow 2.805 (2.708) CASH FLOW FROM OPERATING ACTIVITIES [A] 2.474 (3.524) CASH FLOW FROM INVESTMENT ACTIVITIES [B] 1.413 (3.213) CASH FLOW FROM FINANCING ACTIVITY [C] (30) 1.189 CA
Slide 18: 2021 Guidance
2021 Guidance 18 FY2020 Results
Slide 19: 2021 Guidance
2021 Guidance 83.512 9.227 (4.113) 65.538 Revenues (€/000) EBITDA (€/000) (2.664) NFP (€/000) 3.384 (1.092) Leasing liabilities (1.087) 2020 2021 Guidance 2020 2021 Guidance 2020 2021 Guidance Continuity with strategic guidelines Organic growth of the Services Segment Revenues up by 27% EBIT