Slide 1: 2016 Earnings Release
2016 EARNINGS RELEASE BUILDING FORWARD GROUP
Slide 2: Disclaimer
HIGHLIGHTS DISCLAIMER This Document (16 pages) was prepared by Martifer SGPS, exclusively for the present disclosure. The financial information herein has not been audited. RESULTS ANALYSIS All communications, enquiries and information requests relating to this document should be addressed to the Ma
Slide 3: Highlights
HIGHLIGHTS
Slide 4: Highlights
HIGHLIGHTS • Revenues reached 217 M€ • Adjusted EBITDA of 9,7 M€ and EBITDA of 4,4 M€ RESULTS ANALYSIS • Operational and investment Cash Flow with a good performance, allowed a significant reduction of the Gross Debt and the Net Debt compared to December 2015 • Order Book in Metallic Constructions r
Slide 5: Results Analysis
RESULTS ANALYSIS
Slide 6: Results (unaudited)
HIGHLIGHTS RESULTS (unaudited) MARTIFER METALLIC M€ CONSOLIDATED CONSTRUCTIONS RENEWABLES HOLDING Revenues 2016 RESULTS ANALYSIS Revenues 217,1 202,3 15,1 -0,3 7% Adjusted EBITDA 9,7 5,5 4,2 0,0 EBITDA adjusted margin 4,5% 2,7% 30% -1% 22% Metallic structures Non-recurrent operations a) -5,3 -5,3 0,
Slide 7: Capex and Net Debt
HIGHLIGHTS CAPEX AND NET DEBT CAPEX NET DEBT (M€) RESULTS ANALYSIS 300 285 283 32% 260 Metallic Constructions 250 236 Renewables 68% 200 150 ORDER BOOK 100 Total Capex of 3 M€, mostly applied in the Naval sector and in the 50 development of wind and solar projects in Central 0 Europe and in Latin Am
Slide 8: Balance Sheet Solvency and Liquidity Ratios
HIGHLIGHTS BALANCE SHEET 450 SOLVENCY RATIO (Equity + Non-current Liabilities) / Non-current Assets RESULTS ANALYSIS 400 350 Non Current Equity + 1.4 300 Assets Non 1.3 211 Current Liabilities 250 267 2015 2016 200 ORDER BOOK LIQUIDITY RATIO 150 Current Assets / Current Liabilities Current 100 Asset
Slide 9: Balance Sheet (unaudited)
HIGHLIGHTS BALANCE SHEET (unaudited) M€ DECEMBER 2016 RESULTS ANALYSIS Non-current Assets: Intangible Assets (including Goodwill) 13,4 Tangible fixed assets 129,0 Financial Investments (Including Investment properties and Available for sale investments) 31,7 Other non-current receivables 32,8 Deferr
Slide 10: Order Book
ORDER BOOK
Slide 11: Martifer Metallic Constructions Order Book
HIGHLIGHTS MARTIFER METALLIC CONSTRUCTIONS | ORDER BOOK RESULTS ANALYSIS 9% 9% 42% 13% ORDER BOOK 27% Algeria Sub-Saharan Africa Eastern Europe and Middle East TOTAL ORDER BOOK Western Europe FUTURE PROSPECTS Western Europe (Naval) 239 M€ 11 EARNINGS RELEASE 2016
Slide 12: Martifer Metallic Constructions Operational Activity
HIGHLIGHTS MARTIFER METALLIC CONSTRUCTIONS | OPERATIONAL ACTIVITY Martifer Metallic Constructions currently has several relevant projects in its order book: RESULTS ANALYSIS 55 Gresham Street, United Kingdom IMOB Tower, Angola Wind towers ORDER BOOK FUTURE PROSPECTS Ocean Patrol Vessels, Portugal Da
Slide 13: Martifer Renewables Projects
HIGHLIGHTS MARTIFER RENEWABLES | PROJECTS PROJECTS UNDER DEVELOPMENT: 196.8 MW (Wind) RESULTS ANALYSIS PROJECTS IN OPERATION: 31.2 MW 8 MWp (PV) PROJECTS UNDER DEVELOPMENT: 16.8 MW (Wind) PROJECTS IN OPERATION: 7.23 MWn PROJECTS IN OPERATION: 42.0 MW PROJECTS UNDER CONSTRUCTION: 2.1 MW (Wind) ORDER
Slide 14: Future Prospects
>. AN \\ FUTURE PROSPECTS
Slide 15: Future Prospects
HIGHLIGHTS u Reinforcement of the order book in the Naval and Aluminium areas and the strategy of sustainable growth in the Renewables segment u Reinforcement of the international presence, focusing on core geographies and on attractive opportunities profitable above average RESULTS ANALYSIS u De
Slide 16: Representative for Market Relations
HIGHLIGHTS REPRESENTATIVE FOR MARKET RELATIONS RESULTS ANALYSIS Pedro Moreira T. +351 232 767 700 F. +351 232 767 750 www.martifer.com ORDER BOOK FUTURE PROSPECTS 16 EARNINGS RELEASE 2016