Tecnicas Reunidas Sa · BME:TRE

Tecnicas Reunidas Sa — Tecnicas Reunidas Sa Ord — Q1 2024 Earnings Presentation

16 slides from Tecnicas Reunidas Sa's earnings presentation, May 10, 2024

  1. Slide 1: Q1 2024 Results

    Q1 2024 Results May 10th 2024 Juan Lladó – Executive Chairman Eduardo San Miguel - CEO

  2. Slide 2: Index

    Index 1 Commercial Pipeline 2 Track first anniversary 3 Q1 2024 Financial Results 4 2024 Guidance 2

  3. Slide 3: Index

    Index 1 Commercial Pipeline 2 Track first anniversary 3 Q1 2024 Financial Results 4 2024 Guidance 3

  4. Slide 4: Commercial pipeline EUR 72bn

    1. Commercial pipeline Traditional EPC/EP/EPCm EUR 61bn Contracts awarded 24 months EUR (not in backlog) EUR 1.4bn commercial FID expected within pipeline next 18 months 72bn Potential conversion to EPC of on-going service EUR 10bn contracts* *FEEDs, pre-FEEDs and competitive FEEDs 4

  5. Slide 5: Index

    Index 1 Commercial Pipeline 2 Track first anniversary 3 Q1 2024 Financial Results 4 2024 Guidance 5

  6. Slide 6: Track first anniversary: very successful growth

    2. Track first anniversary 2.1. Very successful growth EUR315m in accumulated awards in services for low carbon projects 10% 8% €M 33% Engineering services EPC/EP/EPCm 1.8 million 350 300 250 Engineering hours of service contracts in 200 decarbonization projects 150 100 50 33% 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3

  7. Slide 7: Strong pipeline in energy transition projects

    2. Track first anniversary 2.2. Strong pipeline in energy transition projects EUR315m in accumulated awards in services for low carbon projects 14% Engineering services EPC/EP/EPCm 23% EUR12bn €M 350 300 250 pipeline 63% 200 150 100 50 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2021 2021 2021 2021 202

  8. Slide 8: Index

    Index 1 Commercial Pipeline 2 Track first anniversary 3 Q1 2024 Financial Results 4 2024 Guidance 8

  9. Slide 9: Results highlights

    3. Q1 2024 Financial results 3.1. Highlights Net Revenues EBIT Net Cash(1) EUR1bn EUR40m EUR333m 4% EBIT margin (1) Includes €175m of PPL (Profit Participating Loan) 9

  10. Slide 10: EBIT evolution

    3. Q1 2024 Financial results 3.2. EBIT evolution 4% Margin recovery drivers will 3.8% secure future evolution: • Selective commercial approach • Risk mitigation strategy 0.2% • Strong cost efficiency approach 2022 2023 Q1 2024 10

  11. Slide 11: Net cash evolution

    3. Q1 2024 Financial results 3.3. Net cash evolution 348 333 €M • Stable cash balance 241* 234 134 158 142 • Riyas downpayment not 104 61* included in Q1 2024 figure -76 FY 2021 Q1 2022 Q2 2022 Q3 2022 FY 2022 Q1 2023 Q2 2023 Q3 2023 FY 2023 Q1 2024 *PPL cash inflow of €175m in Q1 2022 and capital i

  12. Slide 12: Index

    Index 1 Commercial Pipeline 2 Track first anniversary 3 Q1 2024 Financial Results 4 2024 Guidance 12

  13. Slide 13: 2024 Guidance

    4. 2024 Guidance 4.1. 2024 Guidance ~€4.5bn 4% SALES EBIT MARGIN 13

  14. Slide 14: Capital Markets Day

    4. 2024 Guidance 4.2. Capital Markets Day

  15. Slide 15: Slide 15

  16. Slide 16: 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. This document contains forward-looking statements of the Company and/or its management. These forward-looking statem

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