Prysmian S.p.a. · MIL:PRY
Prysmian — Investor Presentation (April 2024)
29 slides from Prysmian's investor presentation, Apr 18, 2024
Slide 1: Corporate Presentation
CORPORATE PRESENTATION Prysmian Corporate Presentation 18.04.2024
Slide 2: We are moving to a more sustainable world
We are moving to a more sustainable world through the Energy Transition and Digital Transformation 2
Slide 3: Prysmian Connect to lead
Prysmian Connect to lead +50 Countries GLOBAL CABLING SOLUTIONS PROVIDER leading 108 Plants the energy transition and digital transformation PARTNER of the world's key players 26 R&D Centers A STRONG REPUTATION for performance and innovation A LISTED COMPANY without a controlling 5 Cable-laying ship
Slide 4: Key milestones on our journey
Key milestones on our journey Building tomorrow’s solutions Performance step change 2023 General Cable integration 2022 Draka integration Becoming 2018 fully public Prysmian IPO 2011 established 2007 2010 2005 4
Slide 5: A company transformed over the last decade
A company transformed over the last decade Group revenues (€m) 3x 15,354 4,571 2010 2023 Employees 3x 30,000 108 Prysmian plants 12,000 26 R&D centers 2010 2023 5
Slide 6: Global presence
Global presence NORTH AMERICA 24 PLANTS EMEA 56 PLANTS LATIN AMERICA 13 PLANTS APAC 15 PLANTS 6
Slide 7: Plants by region
NORTH AMERICA 24 PLANTS EMEA 56 PLANTS Canada Usa Angola Germany Norway Spain Oshawa Abbeville Luanda Baesweiler (Cologne) Drammen Abrera Prescott Bridgewater Berlino Santa Perpetua Saguenay QC - Lapointe Claremont Czech Republic Neustadt Oman Santander St. Jerome Du Quoin Velké Mezirící Nordenham P
Slide 8: Connect, to lead
Capitalizing on our leading positions 2027 Global cabling solution provider leading the energy transition Connect, and digital transformation TODAY to lead Leading cable player grown through market consolidation Winning in new growth Winning in new growth markets markets 8
Slide 9: Structural trends boosting the cable market
Structural trends boosting the cable market Renewable Electrical Power grid Digital energy applications enhancement transformation generation growth 4x 1.5x 2x 2.5x Solar and wind Electricity Annual grid Premises and capacity consumption investments towers fiberized 9
Slide 10: Connect, to lead: Four pillars at the heart of our strategy
Connect, to lead: Four pillars at the heart of our strategy Balanced and Business People Self-funded innovative portfolio segmentation empowerment capacity expansion Balanced portfolio and Segments redesigned Best people, know how Investments to support continued innovation to to seize market trends
Slide 11: Synergies across segments unlock value
Sinergies across segments unlock value Transmission One-stop Solution Shop Provider Power Grid Electrification Market Operational Hedging Efficiencies Digital Solutions 11
Slide 12: Partner of the world key players
Partner of the world key players 12
Slide 13: 2023 Key Highlights
2023 KEY HIGHLIGHTS Outstanding results Strong cash generation 1,628 Reinforced commitment on climate change €M 529 €M 724 €M Well on track to deliver the “connect 10.6% margin to lead” targets Adj. EBITDA Group Net Profit FCF Adj. Ebitda 1,628 1,488 -33% 0.70 Scope 1&2 840 976 23.1% €/share 16.7% g
Slide 14: A new streamlined segmentation
A new streamlined segmentation Segments redesigned to match market trends and drive leadership position TRANSMISSION POWER GRID ELECTRIFICATION DIGITAL SOLUTIONS TOTAL GROUP Sales 1,136 1,673 2,122 2,791 3,605 3,394 7,224 8,916 8,349 1,585 1,873 1,489 12,736 16,067 15,354 Adj. Ebitda 825 1,628 797 1
Slide 15: A public company
A public company Share ownership by type Institutional investors and significant shareholders 6.8% BlackRock, Inc. by geographical area 4.0% T. Rowe Price Group, Inc. 3.8% Crédit Agricole S.A. 3.4% Sun Life Financial, Inc. 3.0% FMR LLC 2.9% UBS AG 49% ESG 2.9% The Vanguard Group, Inc. Investors 30%
Slide 16: Defining our purpose
We drive the flow of energy and information everywhere Defining our purpose to enable and sustain human achievement. Our vision and mission Sharing our values Vision Drive Energy and information help communities We aim to lead the industry evolution, develop. That’s why it’s so important that combin
Slide 17: New Organization
New Organization BOARD OF DIRECTORS CEO INTERNAL AUDIT M. Battaini P. Pulidori STRATEGIC ADVISOR STRATEGIC ADVISOR CORPORATE AFFAIRS RISK & COMPLIANCE P. Vanhille L. Tardiff J. Zirulia A. Nespoli FINANCE ADMIN & CORPORATE CHIEF OPERATING SUSTAINABILITY, HR & ORGANIZATION INNOVATION & R&D CONTROL & I
Slide 18: Our sustainability journey rooted in the past
Our sustainability journey rooted in the past BUILDING TOMORROW’S SUSTAINABILITY FIRST INTEGRATED REPORT Optical cable FlexRibbon SBTI APPROVAL 2023 6912 fibers TCFD REPORT BOARD SUSTAINABILITY 2022 COMMITTEE INCLUSION OF ESG IN 2021 MV P-Laser REMUNERATION • Submarine 525 kV FIRST SUSTAINABILITY 20
Slide 19: A truly public company, based on inclusion
A truly public company, based on inclusion PRYSMIAN SHAREHOLDING STRUCTURE INSTITUTIONAL INVESTORS 3% Employees incl. Management 8.1% Retail 1.4% Treasury shares 49% ESG investors 87.5% 30% US 13% Rest of EU 2% Sweden Institutional Investors 28% UK 7% Italy 4% Row 12% France 4% Germany 19
Slide 20: We innovate to support our customers
We innovate to support our Sirocco E3X Robot Extreme customers and to go beyond the value chain Circular economy Megawatt Alesea charging solutions Product Supply chain design digitalization Smart PRY-ID accessories Selection of innovative solutions All Ground 20
Slide 21: Sustainability also means equity and inclusion
Sustainability also means equity and inclusion 45-50% Employees holding shares by 2027 35-37 Training hours for employee +500 Women in STEM by 2027 21
Slide 22: Promoting talent within under-privileged communities
Promoting talent within under-privileged communities 1,400+ Children 400+ 315 women 625 children 100 women Women and young girls and young girls in the Netherlands and 800 children in LATAM in Oman 22
Slide 23: Sustainability development goals
Sustainability development goals 20 40 60 80 100 CCC B BB BBB A AA AAA 20 40 60 80 100 79 A 76 1 2 3 4 5 20 40 60 80 100 10 20 30 40 We are included in 3.9 65 17 200 150 100 50 1 20 40 60 80 100 D- D C- C B- B A- A 58 58 A- 23
Slide 24: Our Social Ambitions
Our Social Ambitions 2030 SOCIAL AMBITION TARGETS HEALTH & GENDER ETHNICITY EMPOWER DIGITAL UPSELLING & SAFETY EQUALITY INCLUSION LOCAL INCLUSION ENGAGEMENT COMMUNITIES Injuries Index 50/50 in Recruiting More than 30% Connecting 100% 40 yearly hours per towards 0 of Desk Workers of Executives from A
Slide 25: Innovation defines us
Innovation defines us 2023 Numbers about To us, innovation means meeting the 128 5,500 million euros needs of our customers and communities patents covering invested in R&D the main innovations by understanding their business drivers as quickly as they do. Our ability to innovate is what makes us a
Slide 26: Capturing market trends
Capturing market trends Balanced and innovative portfolio Power grid enhancement Renewable energy generation Submarine systems Power distribution, Overhead lines High Voltage DC systems High Voltage AC systems Grid monitoring solutions Communication cables Industrial & Construction Optical cables an
Slide 27: Deploying cutting-edge technologies
Deploying cutting-edge technologies Balanced and innovative portfolio 525 kV P-Laser HVDC E3X technology for interconnectors OHL power enhancement Renewable energy Power grid Generation enhancement Grid monitoring solutions Electrical Digital applications growth transformation PRYSOLAR, innovative P
Slide 28: Our People Strategy
Our People Strategy Jobs, Sizing & Cost D&I and Sustainability • Workforce Reporting & Planning • Side by Side • Cost Optimization Strategies • Volunteering • Job Banding • Human Rights Talent Acquisition & Employer Branding Talent Management • Onboarding • P+ performance management • Graduate Progr
Slide 29: prysmian.com
prysmian.com