Martifer Sgps · EURONEXT:MAR
Martifer Sgps — Martifer Group — H1 2015 Earnings Presentation
18 slides from Martifer Sgps's earnings presentation, August 2015
Slide 1: 1H2015 Results Earnings Release
EARNINGS © RELEASE 1 1H2015 RESULTS MARTIFER AUGUST 2015 GROUP
Slide 2: Results Analysis, Order Book, Future Prospects
RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS 2 1H2015 RESULTS AUGUST 2015
Slide 3: Highlights
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS • Operational recovery in 1H, with positive EBITDA (8.8 M€) and EBIT (1.4 M€) in all segments: Metallic Constructions, Renewables and Solar. It should be noted that the operational performance was penalized by the negative performance of the Me
Slide 4: 1H2015 Results
HIGHLIGHTS ORDER BOOK FUTURE PROSPECTS 4 1H2015 RESULTS AUGUST 2015
Slide 5: Results
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS RESULTS SOLAR MARTIFER METALLIC RENEWABLES HOLDING (discontinued M€ CONSOLIDATED CONSTRUCTIONS activities) 1H15 1H15 1H15 1H15 1H15 Revenues 134.4 127.0 7.2 1.9 38.8 EBITDA 8.8 4.9 3.8 0.3 4.2 EBITDA Margin 7% 4% 53% 15% 11% EBIT 1.4 1.9 0.0 -0
Slide 6: Sales and Services Rendered and EBITDA
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS RESULTS SALES AND SERVICES RENDERED EBITDA (M€) (M€) 140 9 + 36 % 8 + 13 % 120 7 100 6 80 5 60 4 3 40 2 20 1 0 0 1H2014 1H2015 1H2014 1H2015 6 1H2015 RESULTS AUGUST 2015
Slide 7: Capex and Net Debt
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS CAPEX AND NET DEBT CAPEX NET DEBT (M€) 350 0% 315 20% Metallic Construction 300 285 283 273 Renewables 250 Holding & S. Services 80% 200 150 Total Capex of 3.2 M€, mostly 100 applied in the reinforcement of operational capacity in 50 West Sea (
Slide 8: Consolidated Balance Sheet
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS CONSOLIDATED BALANCE SHEET M€ 1H15 Non current Assets: Intangible Assets (including Goodwill) 14.6 Tangible fixed assets 161.4 Financial Investments (Including Investment properties and Available for sale investments) 25.8 Other non-current rec
Slide 9: Future Prospects
HIGHLIGHTS RESULTS ANALYSIS FUTURE PROSPECTS 9 1H2015 RESULTS AUGUST 2015
Slide 10: Martifer Metallic Constructions | Order Book 280 M€
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS MARTIFER METALLIC CONSTRUCTIONS | ORDER BOOK 6% 28% 16% 9% 10% 31% Algeria Sub-Saharan Africa Latin America Eastern Europe and Middle East TOTAL ORDER BOOK: Western Europe Western Europe (Naval) 280 M€ 10 1H2015 RESULTS AUGUST 2015
Slide 11: Martifer Metallic Constructions | Operational Activity
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS MARTIFER METALLIC CONSTRUCTIONS | OPERATIONAL ACTIVITY Martifer is currently studying the execution of several projects in the Metallic Constructions area, with special emphasis on: SHIPBUILDING AND REPAIR | PORTUGAL SPORTS COMPLEXES | ALGERIA
Slide 12: Martifer Renewables | Project Overview
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS MARTIFER RENEWABLES | PROJECT OVERVIEW PROJECTS UNDER DEVELOPMENT: 235.7 MW (of which 36 MW under construction) PROJECTS IN OPERATION: 7.23 MWn/8.12 MWp (PV) ROMANIA PROJECTS IN OPERATION : 42.0 MW PROJECTS IN OPERATION : 31.2 MW PROJECTS UNDER
Slide 13: Solar | Order Book 302 M€
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS SOLAR | ORDER BOOK 7% 2% 36% 55% Africa America Asia Western Europe TOTAL ORDER BOOK: 302 M€ 13 1H2015 RESULTS AUGUST 2015
Slide 14: 1H2015 Results
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK 14 1H2015 RESULTS AUGUST 2015
Slide 15: Main Strategic Guidelines: New Organizational Model, Decrease of Indebtedness
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS MAIN STRATEGIC GUIDELINES 1 Adoption of a new organizational model • Resizing and readapting the structure • Improvement of the business processes and operational efficiency 2 Decrease of indebtedness through the divestment in non-core business
Slide 16: Main Strategic Guidelines: Reinforcement of International Presence
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS MAIN STRATEGIC GUIDELINES 3 Reinforcement of the international presence Focusing on three core geographies (Europe and the Middle East, Africa and Latin America) and in attractive opportunities profitable above average. 16 1H2015 RESULTS AUGUST
Slide 17: Main Strategic Guidelines: Focus on Metallic Constructions
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS MAIN STRATEGIC GUIDELINES 4 Focus on the Group’s original business area, Metallic Constructions METAL MECHANICAL ALUMINIUM AND INFRASTRUCTURES CONSTRUCTION GLASS FOR OIL & GAS NAVAL INDUSTRY 17 1H2015 RESULTS AUGUST 2015
Slide 18: Representative for Market Relations
HIGHLIGHTS RESULTS ANALYSIS ORDER BOOK FUTURE PROSPECTS REPRESENTATIVE FOR MARKET RELATIONS Pedro Moreira T. +351 232 767 702 F. +351 232 767 750 www.martifer.com 18 1H2015 RESULTS AUGUST 2015