Slide 1: 2024.9M Results
2024.9M Results Grassobbio, November 8th 2024 1
Slide 2: 2024.9M Tesmec Group Results
2024.9M TESMEC GROUP RESULTS 01 Tesmec Group at a glance 02 Opening remarks 03 2024.9M Group Financials & Key Metrics 04 2024 Outlook 05 Annex November 8th 2024 2
Slide 3: Tesmec Group: Integrated Solutions Provider for Energy and Data Transport
Tesmec 2024.9M Results TESMEC GROUP: INTEGRATED SOLUTIONS PROVIDER FOR ENERGY AND DATA TRANSPORT Technology partner in markets driven by ENERGY TRANSITION, DIGITALISATION and SUSTAINABILITY with INNOVATIVE, VALUE-ADDED INTEGRATED SOLUTIONS for the construction, maintenance and efficiency of the in
Slide 4: Tesmec Business Units
Tesmec 2024.9M Results TESMEC BUSINESS UNITS ENERGY STRINGING ENERGY AUTOMATION TRENCHERS & SURFACE MINERS RAILWAY • Solutions for power lines • Telecommunications solutions • Telecom networks, FTTH & long • Catenary lines installation construction & for HV Grids distance, power cable & maintenance
Slide 5: Tesmec Sustainability Path
Tesmec 2024.9M Results TESMEC SUSTAINABILITY PATH TESMEC economic activities are eligible R&D Focus on developing innovative technologies and products to increase according to ANNEX I – Climate change &INNOVATION mitigation «3.Manufacturing» green and digital revenues. 3.1 - Manufacture of renewable
Slide 6: 2024.9M Tesmec Group Results
2024.9M TESMEC GROUP RESULTS 01 Tesmec Group at a glance 02 Opening remarks 03 2024.9M Group Financials & Key Metrics 04 2024 Outlook 05 Annex November 8th 2024 6
Slide 7: 2024.9M Tesmec Group at a Glance
Tesmec 2024.9M Results 2024.9M TESMEC GROUP AT A GLANCE SALES BREAKDOWN BY BUSINESS SALES €M 189,0 (2023.9M €M 193,5) Energy EBITDA €M 58,3 Trencher €M 29,2; 15,4% (2023.9M €M 28,5; 14,7%) €M 96,5 189,0 €M EBIT €M 11,4 Rail (2023.9M €M 11,3) €M 34,3 PRE-TAX RESULT €M (2,1) (2023.9M €M 0,9) SALES BRE
Slide 8: 2024.9M Highlights
Tesmec 2024.9M Results 2024.9M HIGHLIGHTS First-nine months in line with the Redesign of the industrial Net result impacted by higher “value before volume” strategy, footprint, with the concentration interest expenses due to with sales substantially stable of Stringing manufacturing at the increased
Slide 9: 2024.Q3 Highlights
Tesmec 2024.9M Results 2024.Q3 HIGHLIGHTS Recognition for Tesmec Tesmec 1875 XL in CIGRE - Exposure and Gender Equality Management System Swiss Railways Tender Award – sustainable development Middle East Networking Opportunities certificate UNI/PdR 125:2022 Integrated Diagnostic System Ranking Top 2
Slide 10: 2024.9M Tesmec Group Results
2024.9M TESMEC GROUP RESULTS 01 Tesmec Group at a glance 02 Opening remarks 03 2024.9M Group Financials & Key Metrics 04 2024 Outlook 05 Annex November 8th 2024 10
Slide 11: 2024.9M Profit & Loss Statement
Tesmec 2024.9M Results 2024.9M PROFIT&LOSS STATEMENT (€ mln) Profit & Loss 2024.9M 2023.9M Δ vs.2023 RESULTS’ COMMENTARY REVENUES (1) 189,0 193,5 -2,3% (1) Revenues: substantially in line with 2023.9M, with positive contribution from Energy volumes EBITDA (2) 29,2 28,5 2,3% % on Revenues (2) 15,4% 1
Slide 12: 2024.9M Statement of Financial Position
Tesmec 2024.9M Results 2024.9M STATEMENT OF FINANCIAL POSITION (€ mln) RESULTS’ COMMENTARY Sep. 30, 2024 Dec. 31, 2023 • Net Working Capital increase, due to higher trade receivables Net Working Capital 102,2 86,8 following quarter-end sales. Still high levels of inventory but of which: inventory +
Slide 13: Trenchers: 2024.9M Facts & Figures
Tesmec 2024.9M Results TRENCHERS: 2024.9M FACTS & FIGURES (€ mln) 120 106,2 KEY FACTS 96,5 100 -9% 80 • Achieving solid business growth in the Middle East and Africa 60 and completing significant projects in heavy civil engineering applications 40 14,7 +7,2% 13,9 15,2% 20 13,1% +5% • Strengthening t
Slide 14: Rail: 2024.9M Facts & Figures
Tesmec 2024.9M Results RAIL: 2024.9M FACTS & FIGURES (€ mln) 60 KEY FACTS 38,0 • Swiss Federal Railways tender award for the delivery, 40 34,3 -10% installation and commissioning of a peripheral system for a towed diagnostic vehicle of SBB to ensure high security and 20 7,1 availability and signific
Slide 15: Energy: 2024.9M Facts & Figures
Tesmec 2024.9M Results ENERGY: 2024.9M FACTS & FIGURES (€ mln) 80 KEY FACTS 58,2 Stringing 60 +18% 49,3 • Significant steps in the Saudi Arabian market to capture large 40 infrastructure investments in the area • Evidence of a strong recovery and growth trend from the US +30% 7,5 8,8 market 20 15,2%
Slide 16: 2024.9M Backlog
Tesmec 2024.9M Results 2024.9M BACKLOG (€ mln) 31/12/2022: 406,2 Backlog 31/12/2023: 402,2 evolution 30/09/2024: 363,5 Energy 103,4 250,0 200,0 Rail 187,2 TOTAL 363,5€M 150,0 100,0 Trencher 72,9 50,0 • Long- term backlog in Automation and Rail 0,0 Energy Trencher Railway • Energy backlog including A
Slide 17: 2024.9M Revenues by Geography
Tesmec 2024.9M Results 2024.9M REVENUES BY GEOGRAPHY Africa; 11% Africa; 4% Europe; 24% Middle East; Europe; 24% 15% Middle East; 16% 2024.9M: 2023.9M: BRIC & Others; 189,0€M 193,5€M 17% BRIC & Others; 15% Italy; 21% North & North & Central Italy; 22% Central America; 12% America; 19% 2023.9M 2024.9
Slide 18: 2024.9M Recurring vs Non-Recurring Revenues
Tesmec 2024.9M Results 2024.9M “RECURRING” VS “NON-RECURRING” REVENUES Recurring Non recurring Non recurring Recurring 48,6% 44,4% 51,4% 55,6% 2024.9M: 77€M77 €M 2023.9M: 96,5 €M 97,2 €M 125,5 189,0 €M 126,4 91,8 €M 11,3 M€ 193,5 96,5€M 20,5€M €M €M M€ • Recurring: Rental, Projects, Spare Parts, Ser
Slide 19: 2024.9M EBITDA Evolution by BU
Tesmec 2024.9M Results 2024.9M EBITDA EVOLUTION BY BU (€ mln) 35 +1,3 14,7% +0,8 (1,4) 15,4% 30 Improved Volumes growth 29,2 25 28,5 sales mix and Lower volumes and operating reduced OPEX leverage 20 15 10 5 0 2023.9M Trencher Railway Energy 2024.9M 2023.9M: Positive contribution from Trenchers and
Slide 20: 2024.9M Net Financial Position Evolution and Free Cash Flow
Tesmec 2024.9M Results 2024.9M NET FINANCIAL POSITION EVOLUTION AND FREE CASH FLOW (€ mln) 200 48,3 176,0 150 153,5 153,5 153,5 39,2 15,4 (10,6) 8,6 127,7 100 114,3 A/R increase linked to end- 2,0€M net FCF quarter sales excl. ΔNWC and IFRS16 50 0 31/12/2023 IFRS 16 Net debt NWC OFCF CAPEX Net debt
Slide 21: 2024.9M Net Working Capital Evolution
Tesmec 2024.9M Results 2024.9M NET WORKING CAPITAL EVOLUTION (€ mln) 140 120 18,8 (3,5) 4,7 100 7,9 3,3 In coeherence Taxes, 102,2 80 with inventory deferred, 86,8 Increased A/R and A/R others linked to 60 quarter-end Lower inventory sales 40 20 0 31/12/2023 Inventories WIP Trade Receivables Trade P
Slide 22: 2024.9M Tesmec Group Results
2024.9M TESMEC GROUP RESULTS 01 Tesmec Group at a glance 02 Opening remarks 03 2024.9M Group Financials & Key Metrics 04 2024 Outlook 05 Annex November 8th 2024 22
Slide 23: 2020-2023 Equity Story and 2024 Outlook
Tesmec 2024.9M Results 2020-2023 EQUITY STORY and 2024 OUTLOOK (€ mln) 2024 OUTLOOK «VALUE OVER VOLUMES» REVENUE 35,2 Improvement 251,9 34,0 153,5 • Strategic continuity and selective compared to 2023 245,2 approach with lower volumes • Intensive go-to-market to support fully from the previously 28,
Slide 24: Trencher: 2024 Business Guidelines
Tesmec 2024.9M Results TRENCHER: 2024 BUSINESS GUIDELINES Tesmec is reviewing and adjusting the plan to relaunch business activities in France to enhance profitability and Relaunching financial stability. The company must business leverage its reputation and technology activities in to develop new m
Slide 25: Rail: 2024 Business Guidelines
Tesmec 2024.9M Results RAIL: 2024 BUSINESS GUIDELINES Our dedicated go-to-market strategy was awarded with the success Growing achieved at InnoTrans, the must- Internationalization attend event in the rail industry (Berlin, 24-27/09). End to end solutions to have an automated process to guarantee sa
Slide 26: Energy: 2024 Business Guidelines
Tesmec 2024.9M Results ENERGY: 2024 BUSINESS GUIDELINES STRINGING AUTOMATION Implementing a new sales strategy, Integrated market approach targeting premium countries, while combining preservation of leveraging strong relationships with New sales Business consolidated channels with utilities to enha
Slide 27: 2024.9M Results Index
2024.9M RESULTS INDEX 01 Tesmec Group at a glance 02 Opening remarks 03 2024.9M Group Financials & Key Metrics 04 2024 Outlook 05 Annex November 8th 2024 27
Slide 28: Appendix A: 2024.9M Summary Profit & Loss Statement
Tesmec 2024.9M Results APPENDIX A: 2024.9M SUMMARY PROFIT & LOSS STATEMENT PROFIT & LOSS (€ Mln) 2024.9M 2023.9M Delta vs 2023 Delta % NET REVENUES 189,0 193,5 (4,5) -2,3% Raw materials costs (-) (86,2) (84,2) (2,0) 2,3% Cost for services (-) (33,4) (37,3) 3,9 -10,5% Personnel Costs (-) (43,9) (47,4
Slide 29: Appendix B: Summary 2024.9M Balance Sheet
Tesmec 2024.9M Results APPENDIX B: SUMMARY 2024.9M BALANCE SHEET BALANCE SHEET (€ Mln) Sep. 30, 2024 Dec. 31, 2023 Inventory 102,7 110,6 Work in progress contracts 32,5 29,2 Accounts receivable 64,5 45,6 Accounts payable (-) (86,4) (82,8) Op. working capital 113,4 102,7 Other current assets (liabili
Slide 30: Tesmec Group Conference Call Schedule
Tesmec 2024.9M Results TESMEC GROUP CONFERENCE CALL SCHEDULE: November 8th 2024: 14.30 CET Contact: To register to the conference call: Diamond Pass Registration ir@tesmec.com November 8th 2024 30
Slide 31: Disclaimer
DISCLAIMER This presentation has been prepared by Tesmec S.p.A. (“Tesmec”, the “Company” or the “Group”). As used herein, “Presentation” means this document, any oral presentation, the question and answer session and any written or oral material discussed or distributed during the presentation. The