Tecnicas Reunidas Sa · BME:TRE
Tecnicas Reunidas Sa — H1 2019 Earnings Presentation
18 slides from Tecnicas Reunidas Sa's earnings presentation, Jul 31, 2019
Slide 1: First Half 2019 Results Presentation
FIRST HALF 2019 RESULTS PRESENTATION JULY 31ST 2019 JUAN LLADÓ CEO
Slide 2: Content
CONTENT Results 1H 2019 Awards Backlog Pipeline Quality of delivery Financial Results Outlook 2
Slide 3: The recent awards are a good indicator of the market recovery
THE RECENT AWARDS ARE A GOOD INDICATOR OF THE MARKET RECOVERY Results 1H 2019 Saudi Aramco Marjan upstream project Two projects for the Marjan increment program, with a total capacity of 2.5 BSCFD of Gas and 85 MBCD of condensate, from the oil and gas fields of Marjan, Safaniyah and Zuluf, in easter
Slide 4: Record awards in 10 months drives future growth
RECORD AWARDS IN 10 MONTHS DRIVES FUTURE GROWTH Results 1H 2019 Upstream Oil & Gas Adgas ADNOC 7B$ Bu Hasa Marjan field FEED Upper Zakum offshore field ADNOC Saudi Aramco ADNOC/Exxon Refining Singapore Refining project Exxon FEED-OBE YPF Petrochemicals FEED LAB ADNOC/CEPSA FEED Turkey SOCAR/BP Power
Slide 5: Content
CONTENT Results 1H 2019 Awards Backlog Pipeline Quality of delivery Financial Results Outlook 5
Slide 6: The awards resulted in a higher backlog
THE AWARDS RESULTED IN A HIGHER BACKLOG Results 1H 2019 SPLIT BY PRODUCTS 12 1.5 Billion Euro 48% 11 0.5 10 9.5 4% 9 11.5 8.5 10.0 Downstream 8 9.0 Upstream 48% 7.5 7 Power & Water 4Q 2018 1Q 2019 2019YTD 6
Slide 7: Content
CONTENT Results 1H 2019 Awards Backlog Pipeline Quality of delivery Financial Results Outlook 7
Slide 8: Pipeline at a sustained high level and with dynamic replacement
PIPELINE AT A SUSTAINED HIGH LEVEL AND WITH DYNAMIC REPLACEMENT Results 1H 2019 Billion US$ 50 US$ 7 BN OF AWARDS 45 40 35 45 47 39 41 30 35 25 2Q 2018 3Q 2018 4Q 2018 1Q 2019 YTD2019 8
Slide 9: And well diversified by products and geographies
AND WELL DIVERSIFIED BY PRODUCTS AND GEOGRAPHIES Results 1H 2019 41B$ SPLIT BY PRODUCTS SPLIT BY GEOGRAPHIES 28% 23% 32% 8% 47% Petrochemicals 10% Refining 32% Middle East Upstream Europe 20% Power Latam RoW 9
Slide 10: Content
CONTENT Results 1H 2019 Awards Backlog Pipeline Quality of delivery Financial Results Outlook 10
Slide 11: We are delivering more projects than ever in our history
WE ARE DELIVERING MORE PROJECTS THAN EVER IN OUR HISTORY Results 1H 2019 Million hours of Construction 196 166 138 70 2H2019e 98 96 73 82 2014 2015 2016 2017 2018 2019e 11
Slide 12: Content
CONTENT Results 1H 2019 Awards Backlog Pipeline Quality of delivery Financial Results Outlook 12
Slide 13: Profit and loss
PROFIT AND LOSS Results 1H 2019 PROFIT AND LOSS € Million 1H 2019 1H 2018 Var. Revenues 2,216.7 2,259.5 -2% EBITDA* 46.4 25.5 +82% Margin 2.1% 1.1% In line with company EBIT* 27.4 17.1 +60% guidance Margin 1.2% 0.8% Unbalanced backlog but Net financial results* -6.3 -6.2 Profit before taxes 19.3 10.
Slide 14: Cash position
CASH POSITION Results 1H 2019 Net Cash Position M€ Stable Net Cash Position >70% of the backlog in Middle 258 250 219 East 207 189 2Q 2018 3Q 2018 2018 1Q 2019 2Q 2019 14
Slide 15: Content
CONTENT Results 1H 2019 Awards Backlog Pipeline Quality of delivery Financial Results Outlook 15
Slide 16: Business and market outlook
BUSINESS AND MARKET OUTLOOK Results 1H 2019 Highly confident about the future o Fresh backlog at $11.5 bn guarantees sales growth, margin recovery and cash generation o Strong market outlook keeps pipeline at very high levels: In all products In all geographies Faster conversion into awards Client t
Slide 17: Disclaimer
DISCLAIMER This document has been prepared by Técnicas Reunidas S.A. (the Company) solely for use at presentations held in connection with the announcement of the Company's results for the first half 2019. This document contains forward-looking statements of the Company and/or its management. These
Slide 18: SVGINN34Y SVDINDAL
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