Martifer SGPS · EURONEXT:MAR
Martifer SGPS — 9M 2009 Earnings Presentation
14 slides from Martifer SGPS's earnings presentation, Nov 20, 2009
Slide 1: Martifer 9M09 Results Presentation
MARTIFER 9M09 RESULTS PRESENTATION GROUP 20NOVO09
Slide 2: Highlights
HIGHLIGHTS • Year on year comparable consolidated • The 205 million euros cash receipt from the revenues dropped by 15 15.0% 0% to 405 405.7 7 million sale of Repower p Systems, y , AG,, which euros; resulted in a capital gain of 160.9 million; • EBITDA achieved 39.7 million euros, • Capex p in the
Slide 3: Overview of 9M09 Revenues and EBITDA
OVERVIEW OF 9M09 REVENUES AND EBITDA • Consolidated revenues dropped 15% 9M2009 9M 2008 Revenues € Mn M W i ht Weight €M €Mn W i ht Weight Ch Change • The decline in Metallic Constructions and in Energy Martifer Consolidated 405.7 477.4 -15% Systems could not be compensated by the rise in Electricit
Slide 4: Segmental Report | Metallic Construction
SEGMENTAL REPORT | METALLIC CONSTRUCTION • Revenues of 190.6 million euros, a decrease of 19.3% • Capital expenditure in the period of 10.4 million euros, versus the same p period last y year. The significant g fall in mainly y in the construction of the industrial units in revenues is explained by
Slide 5: Segmental Report | Energy Systems
SEGMENTAL REPORT | ENERGY SYSTEMS • In the 9 Months of 2009, revenues from the Energy Energy Systems Systems business area achieved 211.7 million euros, (€ Mn) 9M 2009 9M 2008 Change representing g a decrease of 12% yyear on yyear Revenues 211.7 240.6 -12.0% EBITDA 14.1 20.3 -30.2% • The change in c
Slide 6: Segmental Report | Electricity Generation
SEGMENTAL REPORT | ELECTRICITY GENERATION • Revenues in the 9 Months of 2009 reached 14 million Electricity Generation (€ Mn) 9M 2009 9M 2008 Change euros and result mainlyy from electricity y sales from the Revenues 14.0 10.6 32.0% wind farms in Germany (5.3 million euros), Brazil (3.2 million euro
Slide 7: Electricity Generation Portfolio
ELECTRICITY GENERATION PORTFOLIO Development Country Potential Construction Operation Aggregate Early Stage Advanced Stage MW MTR Total MTR Total MTR Total MTR Total MTR Total MTR Total Poland - - 277 304 48 62 16 16 10 10 351 392 Romania 71 71 180 210 1 1 42 42 - - 294 324 Germany - - - - - - - - 5
Slide 8: Outlook for FY2009
OUTLOOK FOR FY2009 METALLIC CONSTRUCTION ELECTRICITY GENERATION • Revenues slightly above those reported last • Achievement of Guidance in terms of Revenues year • Ebitda will be residual • Ebitda Margin of circa 10% 10%, in line with previous expectations, the same to be applied • Capex should be a
Slide 9: Net Debt Position
NET DEBT POSITION Values in € Mn Metallic Energy Electricity Martifer Holding 9 Months 2009 Construction Systems Generation Consolidated Corporate Net Debt allocated to operational p activities 79.8 100.3 82.1 1.5 263.7 Corporate Net Debt allocated to non-operational activities 97.0 50.0 147.0 Non R
Slide 10: Commitment to Decrease Net Debt
COMMITMENT TO DECREASE NET DEBT -15 Mn 460 445 50 50 49 50 Corporate Net Debt Non Recourse Debt 361 345 EDP Shares 9M'09 FY2009 Reduction of net debt for FY 2009: – Limited Capex – Operating Cash Flow – Efficient management of Working Capital 10
Slide 11: Annexes
MARTIFER GROUP ANNEXES
Slide 12: P&L
P&L Figures in million Euro (IFRS/IAS) – Non audited Reported Adjusted 9 Months 9 Months Change 9 Months 9 Months Change 2009 2008 (%) 2009 2008 (%) Continued Operations Revenues 405.7 477.4 -15.0% 405.7 477.4 -15.0% EBITDA 39.7 43.9 -9.6% 39.7 43.9 -9.6% EBIT -16.4 30.1 - 21.6 30.1 -28.2% Financial
Slide 13: Balance Sheet
BALANCE SHEET Figures in million Euro (IFRS/IAS) – not audited September December December Change 2009 2008 2008 (%) pro-forma Fixed Assets (including Goodwill) 492.7 628.3 461.9 7% Other Non-current assets 129.8 73.6 111.9 16% A t available Assets il bl ffor sale l 352 1 352.1 43 3 43.3 293 3 293.3
Slide 14: Martifer SGPS, S.A. contact details
Martifer SGPS, S.A. Zona Industrial, Apartado 17 3684-001 Oliveira de Frades Portugal Tel: +351 232 767 702 Fax: +351 232 767 750 E-mail: info@martifer.pt 14