CMC di Ravenna Guidance on FY2014 and Strategy Review

Size: px
Start display at page:

Download "CMC di Ravenna Guidance on FY2014 and Strategy Review"

Transcription

1 Riservato & Confidenziale CMC di Ravenna Guidance on FY2014 and Strategy Review March 9 th, 2015 Authorised and regulated by the Financial Conduit Authority

2 Disclaimer THIS PRESENTATION IS NOT, NOR SHALL BE CONSTRUED AS, AN OFFER, INVITATION OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES. IT IS SOLELY TO BE USED AT AN INVESTOR PRESENTATION AND IT IS PROVIDED FOR INFORMATION PURPOSE ONLY. THIS DOCUMENT DOES NOT CONTAIN ALL OF THE INFORMATION THAT IS MATERIAL TO AN INVESTOR. BY ATTENDING THE PRESENTATION OR BY READING THE PRESENTATION SLIDES YOU AGREE TO BE BOUND AS FOLLOWS: This document and its contents are confidential and may not be reproduced, redistributed, published or passed on to any other person, directly or indirectly, in whole or in part, for any purpose. This presentation, prepared by Cooperativa Muratori e Cementisti CMC di Ravenna S.c.p.a. (the Company ), is furnished on a confidential basis only for the use of the intended recipient and only for discussion purposes, may be amended and supplemented and may not be relied upon for the purposes of entering into any transaction. The information contained herein has been obtained from sources believed to be reliable but the Company does not represent or warrants that it is accurate and complete and such information has not been independently verified. The views reflected herein are those of the Company and are subject to change without notice. No representation or warranty, express or implied, is made as to the accuracy, completeness or fairness of the presentation and the information contained herein and no reliance should be made on such information. Neither the Company nor any of its representatives shall accept any liability whatsoever (whether in negligence or otherwise) arising in any way from the use of this document or its contents or otherwise arising in connection with this document or any material discussed during the presentation. This presentation contains forward-looking statements, which include all statements other than statements of historical facts, including, without limitation, any statements preceded by, followed by or including the words target, believe, expect, aim, intend, may, anticipate, estimate, would,, will, could, should, plan, potential, predict, project or similar expressions or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company s control that could cause the Company s actual performance or achievements to be materially different from future performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company s present and future strategies and the environment in which it will operate in the future. These forward-looking statements speak only as of the date of this presentation and no reliance should be made on these statements. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any of such statements are based. 2

3 Guidance on FY2014 Results 3 Page Strategic Guidelines for Q&A 24 Appendix 26 3

4 Introduction q The following 2014 key results are based on management accounts. The FY2014 annual report will be released in the first days of May. q Total turnover in line with expectations at 1.1bn, +8% over FY2013. q Italy expected to generate approximately 50% of construction revenue q EBITDA expected to be approximately 120m, or 11% of Total turnover q Backlog remains at approximately 3.0x construction revenues q Secured new orders for 1.2m q A temporary increase in net working capital and the shift from operating leases to acquisition with buy-back clause for TBM machines is expected to delay to 2015 the expected improvement in free cash flow generation. Higher capex for TBMs were due to the increased number of tunneling projects combines with the lack of available operating lease contracts in developing countries q Adjusted Net Financial Position is expected to be 460m, or 3.8x expected Reported EBITDA. 4

5 Key Developments in 2014 q Ingula: works to be completed in 2015 resulting in an expected release of working capital q Singapore Metro: excavation will be completed according to the paln, than CMC will provide technical assistance for 2 years q Angola Soyo Quifume motorway: in July, SACE, the Italian export credit institution, provided a guarantee for a 164 million financing to the Finance Ministry of Angola for the completion of the Soyo Quifume motorway project q Italy, Motorway Agrigento-Caltanissetta: acquired additional share in the project from the shareholder Iter q A new company, Saudi CMC, was established in Saudi Arabia to leverage on CMC s transportation and civil infrastructure capabilities in a fast growing market. The new entity was established in partnership with two subsidiaries of a major Saudi construction group. q Full reimbursement of the 12.0 million "Preferred Pooled Shares" (PREPS) program, with 3.0 million reimbursed in January 2014 and 9.0 million in July 2014 q Key new contract wins: q Italy: Acquisition of the share previously owned by the shareholder Iter of the second section of the SS640 Agrigento- Caltanissetta (Sicily). Project extension value: 105 million (CMC s share 100%) q Italy: Construction of 2 sections of the Catania underground for the Ministry of Infrastructure and Transport - Management of Government Railway Circumetnea Catania. Project value: Section 1: 80.3 million (100% CMC); Section 2: 59.7 million (CMC s share 70%) q Italy: Construction of the Lingotto-Bengasi (Line 1) section of the Turin underground. Project value: approximately 61.9 million (CMC s share 75%) q France: Construction of the exploratory tunnel for the Lyon-Turin high-speed railway. Project value: approximately 391 million (CMC s share 16%) q Kenya: construction of the Itare dam for the Rift Valley Water Services Board, a government body. Project value: approximately 240 million (100% CMC share) q Lebanon: water supply project for the Council for Development and Reconstruction in Beirut. Project value: approximately 150 million (100% CMC share). 5

6 CMC at a glance Guidance on key 2014 figures: l Total turnover: 1,1bn l Reported EBITDA: c. 120m l Total backlog: 2.9bn l # of projects in execution: c.90 Revenues Construction Business activity Transportation infrastructure Water and irrigation Building projects Water control and marine Mining and waste treatment infrastructure Other activities 620m 190m 130m 50m 10m 96m Roads, motorways Railways and subways Expertise in tunnelling l l l l Renewable energy plants including hydroelectric power plants Dams Water tunnels Aqueducts and irrigation channels l l l l Civil and industrial buildings Educational facilities Car parks Industrial plants l l l Coastal control systems Maritime ports Other port infrastructure l l l Industrial waste and waste water systems Disposal systems Mining infrastructures l Manufacturing of construction material 6

7 Established leader in the construction sector q As one of the leading construction companies in Italy, CMC is involved in a number of key infrastructure projects in the country #5 in the Italian construction sector Key developer of Italian infrastructures 2014 revenues ( m) Key infrastructure projects executed Salini 3,940 Astaldi 2,520 Condotte 1,216 Maxi-section of the A3 Motorway Salerno- Reggio Calabria High Speed Railway Bologna-Florence section High Speed Railway Milano-Bologna section Pizzarotti 1,162 Key infrastructure projects currently in execution CMC 1,016 #5 Finconsit 771 Motorway SS640 Agrigento/Caltanissetta (section 2) Quadrilatero Surface Road Network Marche & Umbria Motorway SS121 Palermo/Lercara Friddi Ghella 701 Key projects awarded in recent months Bonatti 581 Source: The Italian Construction Companies in the World, ANCE 2014 Survey High-speed railway connection from Turin to Lyon Turin metroline subway 7

8 Currently involved in c.90 projects in execution globally CMC projects in execution world wide 8

9 Consistent financial performance q Continued revenue growth through the recent economic cycle q Stable margins as a result of low-risk project portfolio and increasing share in international operations Total turnover ( m) Reported EBITDA ( m) and Reported EBITDA margin (%) 140 CAGR 20% CAGR 1, % 1,016 9% % c % 18% 16% 14% 12% 10% 8% 6% 20 4% 2% % 9

10 Geographically diversified Value of Production and Backlog Value of Production by geography Backlog by geography Chile& 0.9%& China,&India,& Nepal,&SE&Asia& 10.9%& Northern& USA& AfrEca& 5.5%& 5.4%& Italy& 51.3%& Total 2014: EUR 1.1bn Algeria/Lib& 8.6%& Chile& 2.0%& China,&India,& Nepal,&SE&Asia& 7.0%& Lebanon& USA& 5.1%& 2.4%& Italy& 46.1%& Total 2014: EUR 2.9bn Austral&Africa& 24.4%& Bulgaria& 1.6%& Austral&Africa& 28.3%& Bulgaria& 0.4%& 10

11 Extensive and growing international presence q Increasing exposure to international projects q Stable operations in Italy through the economic downturn and well positioned to benefit from a recovery in Italian infrastructure investments Construction revenues by geography 2014 Historical construction revenues by geography Italy 50% Southern Africa 29% million , Europe USA (ex. Italy) 6% 2% North Africa 1% S. America 1% Asia 11% Italy International 11

12 More diversified Backlog q Backlog remains at approximately 3.0x construction revenue, with increased weight of International projects New orders and key contract wins over past years 1 m ,8x 3,6x 3,1x 2,9x 3,2x 3,0x 2,8x % North Africa 9% S. America 2% USA 2% Europe 1% Italy 46% 1000 Africa 28% 46% 500 Asia 12% Italy International (1) Excluding Messina Bridge 12

13 Solid track-record of contract wins q Order increase over the last years driven primarily by new international projects New orders and key contract wins over past years Kenya Itre Dam Singapore Underground South Africa Ingula project m Vicenza US Military base Turin-Lyon Railway Milan Expo ,800 1,600 million 1,400 1,180 1,200 International Average: 1,000m 1,000 61% Italy % Italy International

14 1,179million of new contract wins in 2014 Contracts)awarded)2014)1)Italy) )million Contracts)awarded)2014)1)Overseas )million Share&previously&owned&by&the&shareholder&Iter&of& section&2&of&the&ss640&agrigento=caltanissetta&(sicily) Mozambique&=&Hydro,&industrial&and&civil&projects 78.7 Exploratory tunnel for the Lyon-Turin high-speed railway 62.6 South Africa - Additional works Ingula project 90.8 Additional&works&on&section&1&SS640&Agrigento= Caltanissetta 21.9 Kenya&=&Itare&dam&water&supply&project Grandi)Opere Angola&=&Additional&works&Soyo&motorway sections (Stesicoro-Aeroporto e Nesima-Misterbianco) of the Catania local underground Supply, transport and installation of natural disaster housing units in Northern and Central Italy China - Additional works Quinghai/Shanxi hydro-tunnels Nepal - Additional works Melamchi project 7.0 Lingotto-Bengasi (Line 1) section of the Turin underground 46.4 Algeria - Aquisition Imet share on AGA motorway project 31.9 Expo&2015&pavillions&(France,&Korea,&Thailand) 10.1 Lebanon&=&Hydro&project&Beirut Expo&2015&=&Additional&works 39.4 USA&=&Various&transport&infrastructure&projects 84.9 Other&minor&contracts 9.6 Other)contracts TOTAL CONTRACTS ACQUIRED: 713.7million TOTAL CONTRACTS ACQUIRED: 466.0million 14

15 Strong and experienced management team q CMC senior management has an average time of more than 20 years in the group q On March 3 rd, 2015, the Board of Directors withdrew the executive powers previously held by CEO Dario Foschini, and entrusted the full management of the Company to CEO Roberto Macrì Cooperative workers 9 Board of Directors 2 Supporting shareholders Chairman M. Matteucci 37 years at CMC Legal Department A. Fioretti CEO R. Macrì 15 years at CMC Head of Human Resources L. Potenza CFO A. Morigi 29 years at CMC Head of Finance M. Cacucciolo 23 years at CMC Head of Domestic Operations R. Leonardi 19 years at CMC Head of Southern Africa Operations P. Porcelli Head of Overseas Operations C. Conficoni Chief Engineer I. Andreis 15

16 Guidance on FY2014 Results 3 Page Strategic Guidelines for Q&A 24 Appendix 26 16

17 Introduction q Given the geopolitical environment, we expect some challenges, but CMC expects results to be in line with guidance. Turnover expected to grow at a 6-7% CAGR, with a stable EBITDA margin of at least 10% q Net working capital reduction and lower capex compared to 2014 are expected to generate a positive free cash flow and drive an improvement in leverage ratios q We expect to continue to grow the business focusing on maintaining a high quality backlog and taking advantage of the opportunity to acquire shares in existing projects from minority shareholders q We intend to increase Overseas backlog in the next 2 years, with further acquisitions in existing and new countries (Lebanon, Saudi Arabia, Algeria, South Africa, S-E Asia, USA) q Leverage on the opportunity to acquire additional shares in existing projects from minority shareholders willing to exit them q Exit from concessions: share in the Livorno-Civitavecchia Motorway concession expected to be acquired between 2015 and 2016 by the majority shareholder, resulting in an expected cash-in of 4m plus a compensation for missing earnings. q Focus on more profitable underground/tunneling projects in both Domestic and International markets q Higher capex related to the investment with buy-back clause in TBM machines, as operating lease contracts are not always available in developing countries q Negotiate contracts with more frequent milestones to reduce impact on working capital q Shift from public infrastructure projects to projects for private clients and international multinationals in countries with potential credit risk such as Mozambique q Bid for projects backed by super-national financial institutions in developing countries 17

18 Outlook 2015 q Expected production value almost fully covered by existing backlog q The operating environment in Italy: q Opportunity to acquire market share in existing projects from other minority shareholders q Gradual margin improvement, thanks to the higher number of more profitable underground projects q Exit from concessions, with first inflow expected in q A 90m project for the construction of a section of the Cosenza (Calabria) underground (project not included in the business plan) is likely to be secured in the short term q The operating environment in key international markets: q Confirming positioning as a leading world-wide specialist in tunnelling projects q Large potential target market thanks to expertise acquired in many countries and sub-sectors q Focus on middle-size projects to increase diversification q Shift from public infrastructure to projects for international multinationals q 150m project in Namibia for the construction of a steel manufacturing plant in advance stage of negotiation 18

19 The large backlog offers good medium term revenue visibility q 94% of 2015 revenues and appr. 70% of 2016 come from the existing backlog 100%# 90%# 80%# 70%# 60%# 50%# 40%# 30%# 20%# 10%# 0%# 2014% 2015% 2016% 2017% Revenue#sfrom#the#Exis<ng#Backlog# Revenues#from#New#Contract#wins# Source: CMC Business Plan 19

20 Earnings becoming more balanced Contribution margin concentration q The share of contribution margin generated from the 3 most profitable contracts is expected to fall to around 30% % Share of Contribution Margin 100%# 90%# 80%# 70%# 60%# 50%# 40%# 30%# 20%# 10%# 0.5% 3.7% 9.8% 9.1% 18.5% 18.3% 71.2% 68.9% 8.8% 9.9% 19.6% 26.1% 22.3% 28.4% 49.3% 35.6% 24.1% 23.4% 25.6% 26.9% 0%# 2012$ 2013$ 2014$ 2015$ 2016$ Top 3 Projects Next 6 Projects Next 10 Projects Remaining Projects 20

21 Business Plan Guidelines Key General Targets q Achieve production value CAGR of at least 7% in the next 2 years, maintaining an EBITDA margin of at least 10% q Reduce debt through shift towards profitable projects outside Italy, which require less working capital and have a shorter execution time q Net Working capital to reduce and help support free cash-flow of around 50mm over the plan q Maintain capital expenditures below 80mm/year to achieve the above targets. Project Execution/ New Contract Acquisition Targets Italy q Current backlog already covers a significant portion of the next 2 years forecasted volume. q Maintain current market share leveraging on proven track-record gained in participation to some of the most important infrastructure projects in the country. q Gradually exit General Contractor projects, and focus on more profitable segments of the market, such as underground projects, infrastructure/network O&M, projects for local clients and maritime works. q Exit from concessions. Asia q China/Nepal: complete existing projects for 112mm and acquire new projects for at least 80mm in the next 2 years. q Singapore/SE Asia: complete existing projects for 191mm and acquire new projects for at least 250m in 2 years USA q Complete existing 68.5mm projects and acquire at least 125mm new projects in the next 2 years 21

22 Business Plan Guidelines Africa Middle East/ Others q Mozambique: take advantage of the significant increase of infrastructure projects promoted by international companies, shift from public clients to private international multinationals (oil & gas, Coca Cola). Target: complete existing project valued 146mm, acquire new projects in excess of 230mm in 2 years. q Angola: complete 130mm Soyo project and acquire new projects leveraging on the need of infrastructure and support from export agencies and international lenders. q Algeria: complete existing project for 146mm project in Algeria and acquire new projects for at least 250mm in 2 years. q Other Austral Africa/Kenya: complete existing projects and acquire new of transport and water treatment projects for at least 250mm in 2 years. q Lebanon: complete existing 150m project q Acquisitions: acquire new projects for at least 320m in the next 2 years subsidiary in Saudi 22

23 Business Plan Guidelines Preliminary Results 2014 Guidance 2015 Targets 2017 Total turnover 1.1bn 8% growth 10% growth >90% covered by backlog 1.3bn >30% covered by backlog EBITDA 120m EBITDA Margin 11% EBITDA Margin > 10% EBITDA Margin > 10% Pre-tax income 20m 20m 20m Net Income > 10m > 10m > 10m Backlog 2.9bn 2.8x Construction revenue In line with 2014 > 3.0bn New orders 1.2bn > 1.1bn > 1.5bn Adj. N.F. Position 460m 3.8x EBITDA Maintain 2014 level 3.5x EBITDA Reduce Adj. NFP 3.0x EBITDA 23

24 Guidance on FY2014 Results 3 Page Strategic Guidelines for Q&A 24 Appendix 26 24

25 Q&A 25

26 Guidance on FY2014 Results 3 Page Strategic Guidelines for Q&A 24 Appendix 26 26

27 Construction revenue breakdown by business area 2014 construction revenue by business areas Building projects 13% Water control and marine Mining and waste treatment infrastructure 5% 1% Railways and subways Water and Irrigation 19 Transport infrastructures 62% Roads and motorways 27

28 Backlog Details q CMC s backlog comprises contracts that have a) been awarded to CMC, and b) are fully funded / financed million Italy Grandi opere 1.192, , , , ,3 704,4 Other Projects ,2 409,6 564,9 620,4 640,2 Messina Bridge 604,0 598,8 725, Total Italy 1.966, , , , , ,6 Overseas Austral Africa 665,5 735,0 556,7 716,5 651,7 825,7 China, India, Nepal and SE Asia 172, ,0 231,4 289,0 203,5 Algeria/Libya 125,9 109,2 64,6 29,0 233,1 251,9 South America Chile East Europe Bulgaria ,0 65,0 57, ,3 53,1 43,8 12,5 USA ,7 21,6 44,6 68,5 Lebanon ,0 Total Overseas 963, , , , ,4 Total Backlog 2.930, , , , , ,0 28

29 Backlog Details Location Transportation Description Type of project Contract value ( million) CMC's share Completion as of Dec 2014 Customer Piedmont (Italy) Maddalena exploratory tunnel for the new Lyon-Turin rail link % 55% LTF - Lyon Turin Ferroviarie Sas Milan (Italy) Milan external eastern ring road % 78% Tangenziale Esterna SpA Liguria (Italy) SS1 Nuova Aurelia Road Access network to Savona Harbour % 20% Anas SpA Marche (Italy) Quadrilatero Marche and Umbria Regions road project % 94% Quadrilatero Marche Umbria SpA Sicily (Italy) I maxi section of motorway SS640 Agrigento-Caltanissetta % 95% Anas SpA Sicily (Italy) II maxi section of motorway SS640 Agrigento-Caltanissetta % 32% Anas SpA Sicily (Italy) Maxi lot SS121 Palermo-Lercara Friddi road % 32% Anas SpA Lombardy (Italy) Light rail transit system % 2% Italian Ministry of Infrastr. & Transport Sicily (Italy) Metro lotto Nesina - Catania % 0% Italian Ministry of Infrastructure and Transport Sicily (Italy) Metro lotto Stesicoro - Catania % 1% Italian Ministry of Infrastructure and Transport Turin (Italy) Lingotto-Bengasi section of the subway Turin % 1% Infrato Srl - Infratrasporti TO (Turin) France Exploration Tunnel Sant Martin % 2% Lyon Turin Ferroviaire Sas Durban (S. Africa) Improvements to the Mount Edgecombe Interchange % 29% South African National Roads Agency Limited Angola Motorway Luanda-Soyo % 57% INEA Instituto de Estradas de Angola Singapore Singapore underground lots n % 75% Land Transport Authority, Singapore Bulgaria Maritza motorway, lot % 82% Bulgarian Road Infrastructure Agency Algeria Construction of services for highway east lot % 7% AGA - Agence de Gestion des Autoroutes Building Projects Italy Supply, transport and installation of natural disaster housing units % 0% Italian Department of Civil Protection Rome (Italy) Refurbishment building ex Cassa Depositi e Prestiti % 12% Cassa Depositi e Prestiti Milan (Italy) Expo 2015 works % 70% Milano Expo 2015 Spa Milan (Italy) Expo 2015 France, Thailand and S. Korea pavillions % 17% Work RighyJV, South Korea, French Ministry of Agr. Belgium High School in Mons, Belgium % 74% US Department of the Army Zambia Development of an underground copper mine % 19% Konkola Copper Mines Water and Irrigation Ingula (S. Africa) Ingula hydroelectric plant % 98% Eskom Enterprises Kenya Itare Dam % 0% Rift Valley Water service Board Mozambique Massingir Dam % 2% Arasul Lebanon Water Supply project Beirut % 0% Council for Development and Reconstruction Lebanon China Yindajihuang tunnel project % 91% China Railways - CRTS China Shanxi middle yellow river diversion % 15% China Railways - CRTS Chile Alto Maipo Hydroelectric project % 15% AES GENER India Parabati Hydroelectric project % 11% NHPC - National Hydroelectric Power Corporation Nepal Melamchi Diversion Scheme % 19% Government of Nepal Water Control and Marine Molfetta (Italy) Molfetta commercial port % 64% Molfetta Municipality Ancona (Italy) Improvement Ancona port % 72% Ancona Port Authority Piombino (Italy) Improvement of the port % 70% Piombino Port Authority 29

30 Backlog Details Italian backlog major projects International backlog major projects % completion Agrigento5Caltanisse:a$Highway$Sec.$II$$ Motorway$Sicily$ Motorway$$Palermo5Lercara$Friddi$(Sicily)$ Tramway$Milan$5$Parco$nord$Seregno$(Lombardy)$ Metro$lo:o$Nesina$5$Catania$(Sicily)$ RenovaPon$of$CDP$building$in$Rome$(Lazio)$ Road$access$$to$Savona5Albissola$(Liguria)$ Emergency$housing$units$ Subway$Turin$ Expo$2015$(Lombardy)$ Metro$lo:o$Stesicoro$5$Catania$(Sicily)$ ExploraPon$Tunnel$for$Maddalena5Chiomonte$$ Norte$ Agrigento5Caltanisse:a$Highway$Sec.$I$$ New$Hospital$in$$in$Ariccia5Roma$(Lazio)$$ Quadrilatero$network$Marche$and$Umbria$$$$ External$eastern$ring$road$of$Milan$$ RenovaPon$hospital$Mazara$del$Vallo5Trapani$ Piombino$Concordia$ Molfe:a$commercial$Port$(Puglia)$ Ex$cellar$Alvisi$5$Faenza$(Emila$Romagna)$ Motorway$Tuscany$ ArPficial$sea$barrier$in$Ancona$(Marche)$ Improvement$works$Ancona$Port$(Marche)$ Palace$Guiccioli$(Emilia$Romagna)$ Expo$5$Pavillon$of$France$(Lombardy)$ 5%$ 0%$ 12%$ 20%$ 0%$ 1%$ 1%$ 2%$ 12%$ 22%$ 32%$ 38%$ 32%$ 44%$ 55%$ 70%$ 72%$ 78%$ 70%$ 64%$ 59%$ 38%$ 48%$ 72%$ % of total backlog 10.2% 5.1% 3.5% 3.4% 2.7% 2.4% 2.0% 1.7% 1.6% 1.5% 1.4% 0.9% 0.9% 95%$ 0.8% 0.7% 94%$ 0.7% 0.6% 0.5% 0.4% 0.3% 0.3% 0.3% 0.3% 0.3% 0.1% 0.1% % completion Kenya#2#Itare#Dam#water#supplay#project# Lebanon#2#Water#supply#project#Beirut# Algeria#2#ConstrucHon#of#services#area#on#highway## Angola#2#Motorway#Luanda2Soyo#(44#km))# Zambia#2#Development##of#an#undergrond#coppe# Libya#2#Ras#Ijdeir#Motorway#(Lot#n.1)# Nepal#2#Water#supplay#projet#(devaHon#of#melamchi# Singapore#2#underground#(Lots.#926#and#927)# France#2#ExploraHon#Tunnel###Sant#MarHn# S.#Africa#2#Improvements#Edgecombe#JuncHon## S.#Africa#2#ConstrucHon#eatern#basin#mine#drainage# Chile#2#Hydroelectric##plant#in##Alto#Maipo## USA#2#Infrastructural#works#(USA)# China#2#Shanxi#river#diversion# Mozambique#2#RenovaHon#Montepuez#road2Ruaca## Mozambique#2#Massingir#Dam# India#2#ExcavaHon#tunnel#for#Hydroelectric#Plant#in# S.#Africa#2#Water#treatment#plant#Sebokeng# Lesotho#2#ReconstracHon#Oxbow#Mpholaneng#Road## Mozambique#2#ReabilitaHon#Lichinga2Litunde#roads# USA#2#Infrastructural#works#(USA)# Bulgaria#2#Maritza#motorway#Lot1## S.#Africa#2#Hydroelectric#plant#in#Ingula# Malawi#2#Kamuzu#Dam# China#2#Yndajihuang#water#Tunnel#project# Lesotho#2#Metolong#water#treatment#plant# 0%# 0%# 7%# 0%# 2%# 19%# 19%# 14%# 15%# 15%# 2%# 11%# 7%# 29%# 36%# 57%# 59%# 66%# 62%# 62%# 52%# 75%# 82%# 98%# 91%# 93%# % of total backlog 8.3% 5.1% 5.0% 4.5% 3.7% 3.6% 2.2% 2.2% 2.1% 2.1% 2.0% 2.0% 1.9% 1.4% 1.3% 1.3% 1.0% 0.6% 0.5% 0.5% 0.5% 0.4% 0.4% 0.3% 0.2% 0.1% EUR bn x EUR 1.0bn Total Total backlog Constr. revenues Revenue 30

31 Contacts Alberto Morigi CFO CMC di Ravenna Tel: Andrea Pierpaoli, CFA Investor Relations CMC di Ravenna Tel: Mob: Valeria Garavini Investor Relations CMC di Ravenna Tel:

FY 2014 Results Presentation

FY 2014 Results Presentation Riservato & Confidenziale FY 2014 Results Presentation May 8th, 2015 Authorised and regulated by the Financial Conduit Authority Disclaimer THIS PRESENTATION IS NOT, NOR SHALL BE CONSTRUED AS, AN OFFER,

More information

VIANINI LAVORI SpA. 2005 Full Year Results. April 2006

VIANINI LAVORI SpA. 2005 Full Year Results. April 2006 VIANINI LAVORI SpA 2005 Full Year Results April 2006 LEGAL DISCLAIMER This document has been prepared by Vianini Lavori S.p.A. for information purposes only and it is not intended as an offer or solicitation

More information

Recommended Acquisition of Networkers International plc Presentation to Analysts & Investors

Recommended Acquisition of Networkers International plc Presentation to Analysts & Investors Recommended Acquisition of Networkers International plc Presentation to Analysts & Investors 28 January 2015 Disclaimer THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES.

More information

Full Year Report 2005. 26 January 2006

Full Year Report 2005. 26 January 2006 Full Year Report 2005 26 January 2006 Important Notice This Presentation has been produced by TradeDoubler AB (the Company ) and is furnished to you solely for your information. This document contains

More information

FY 2014 Results March 19, 2015

FY 2014 Results March 19, 2015 FY 2014 Results March 19, 2015 1 This document has been prepared by Maire Tecnimont S.p.A. (the Company ) solely for use in the presentation of its results. This document does not constitute or form part

More information

Impregilo Presentation of the Business Plan 2013-2015. Pietro Salini Chief Chief Executive Officer

Impregilo Presentation of the Business Plan 2013-2015. Pietro Salini Chief Chief Executive Officer Impregilo Presentation of the Business Plan 2013-2015 Pietro Salini Chief Chief Executive Officer Milan, 11 December 2012 Disclaimer 2 This document has been prepared by Impregilo S.p.A. (the Company )

More information

Investor & Analyst Presentation Acquisition of Centor US Holding Inc. Uwe Röhrhoff, CEO Rainer Beaujean, CFO Duesseldorf, July 28, 2015

Investor & Analyst Presentation Acquisition of Centor US Holding Inc. Uwe Röhrhoff, CEO Rainer Beaujean, CFO Duesseldorf, July 28, 2015 Investor & Analyst Presentation Acquisition of Centor US Holding Inc. Uwe Röhrhoff, CEO Rainer Beaujean, CFO Duesseldorf, July 28, 2015 Disclaimer 1. This presentation may contain certain forward-looking

More information

MERKO EHITUS GROUP Annual General Meeting of Shareholders. 29 April 2015 Nordic Hotel Forum, Tallinn

MERKO EHITUS GROUP Annual General Meeting of Shareholders. 29 April 2015 Nordic Hotel Forum, Tallinn MERKO EHITUS GROUP Annual General Meeting of Shareholders 29 April 2015 Nordic Hotel Forum, Tallinn Agenda 1. Approval of the annual report of the year 2014 and overview of the results and the prospective

More information

SURVEY 2015. The Italian Construction Companies in the World EDITED BY ANCE - ITALIAN CONTRACTORS ASSOCIATION

SURVEY 2015. The Italian Construction Companies in the World EDITED BY ANCE - ITALIAN CONTRACTORS ASSOCIATION SURVEY 2015 The Italian Construction Companies in the World EDITED BY ANCE - ITALIAN CONTRACTORS ASSOCIATION Ten years of international growth The international turnover of the Italian Construction Companies

More information

IFGL REFRACTORIES LTD. RESULT UPDATE PRESENTATION, February 2016

IFGL REFRACTORIES LTD. RESULT UPDATE PRESENTATION, February 2016 IFGL REFRACTORIES LTD RESULT UPDATE PRESENTATION, February 2016 Safe Harbor This presentation and the accompanying slides (the Presentation ), has been prepared by IFGL Refractories Limited (the Company

More information

Earnings Release 9M2015

Earnings Release 9M2015 Earnings Release 9M2015 19 November 2015 Results overview Regional segments Final remarks PAGE 3 PAGE 12 PAGE 22 Europe Africa Latin America 2 Key highlights Consolidation of EGF in the 3Q15, according

More information

Public Offer on Eiffage

Public Offer on Eiffage Public Offer on Eiffage Creation of a leading Group in the Construction sector Important notice This presentation has been prepared by Sacyr Vallehermoso solely for the purpose of presenting the proposed

More information

Q1/2015 Results VTG AG Connecting worlds. Dr. Heiko Fischer, CEO Dr. Kai Kleeberg, CFO May 21, 2015

Q1/2015 Results VTG AG Connecting worlds. Dr. Heiko Fischer, CEO Dr. Kai Kleeberg, CFO May 21, 2015 Q1/2015 Results VTG AG Connecting worlds Dr. Heiko Fischer, CEO Dr. Kai Kleeberg, CFO May 21, 2015 Table of content 1 Discussion of Q1/2015 2 Outlook FY 2015 3 Questions & Answers 4 Financial Calendar

More information

Orascom Construction Reports Net Income of USD 64 Million in 9M 2015 and Announces Dividend Distribution of USD 0.36 per Share

Orascom Construction Reports Net Income of USD 64 Million in 9M 2015 and Announces Dividend Distribution of USD 0.36 per Share Dubai, UAE / 23 November 2015 9:00 AM Orascom Construction Reports Net Income of USD 64 Million in 9M 2015 and Announces Dividend Distribution of USD 0.36 per Share Highlights Healthy backlog level maintained

More information

Ordinary and Extraordinary Annual Shreholders Meeting

Ordinary and Extraordinary Annual Shreholders Meeting Ordinary and Extraordinary Annual Shreholders Meeting April 24th 2014 Abridged Version Group overview Vianini Lavori is one of the main Italian General Contractors and it operates in the large infrastructure,

More information

B U I L D I N G N O R T H A M E R I C A N F I N T E C H L E A D E R S H I P. BMO 2013 Technology and Digital Media Conference

B U I L D I N G N O R T H A M E R I C A N F I N T E C H L E A D E R S H I P. BMO 2013 Technology and Digital Media Conference B U I L D I N G N O R T H A M E R I C A N F I N T E C H L E A D E R S H I P BMO 2013 Technology and Digital Media Conference Forward-Looking Statements This presentation contains certain statements that

More information

Cooperativa Muratori & Cementisti CMC di Ravenna Registered offices at Via Trieste 76, Ravenna Tax code and VAT no.: 00084280395 Ravenna Companies

Cooperativa Muratori & Cementisti CMC di Ravenna Registered offices at Via Trieste 76, Ravenna Tax code and VAT no.: 00084280395 Ravenna Companies 1 Cooperativa Muratori & Cementisti CMC di Ravenna Registered offices at Via Trieste 76, Ravenna Tax code and VAT no.: 00084280395 Ravenna Companies Register no. 014-567 Ravenna Chamber of Commerce no.

More information

Acquisition of SAIT Communications. 28 July 2015

Acquisition of SAIT Communications. 28 July 2015 Acquisition of SAIT Communications 28 July 2015 Conference call details SpeedCast acquires SAIT Communications The company has scheduled a conference call as follows: Time: 11.00am (Sydney time), 28 th

More information

Second Quarter 2015 Investor Conference Call

Second Quarter 2015 Investor Conference Call Second Quarter 2015 Investor Conference Call August 20, 2015 December 13, 2012 DRAFT 5 Safe Harbor Basis of Presentation Unless otherwise noted or unless the context otherwise requires, all references

More information

Saft Groupe SA Full year results 2014

Saft Groupe SA Full year results 2014 Saft Groupe SA Full year results 2014 Paris, February 18 th, 2015 Disclaimer This document contains certain forward-looking statements relating to the business, financial performance and results of the

More information

Results Presentation Jan-Sep 2014. November 25 th, 2014

Results Presentation Jan-Sep 2014. November 25 th, 2014 Results Presentation Jan-Sep 2014 November 25 th, 2014 Disclaimer This document has been prepared by Grupo Isolux Corsán, S.A.; therefore no part of it may be published, disclosed or distributed in any

More information

Nordex SE Conference Call 9M 2012. Hamburg, 13/11/2012

Nordex SE Conference Call 9M 2012. Hamburg, 13/11/2012 Nordex SE Conference Call 9M 2012 Hamburg, 13/11/2012 AGENDA 1. Highlights 9M 2012 Dr. J. Zeschky 2. Financials 9M 2012 B. Schäferbarthold 3. Guidance 2012 and market outlook B. Schäferbarthold 4. Strategy

More information

PACIFIC ENERGY LIMITED POWER GENERATION

PACIFIC ENERGY LIMITED POWER GENERATION PACIFIC ENERGY LIMITED POWER GENERATION 2015 RESULTS PRESENTATION August 2015 ASX: PEA Important Notice and Disclaimer This presentation has been prepared by (PEL) for information purposes only. This presentation

More information

Conference Call Q1-2015/2016

Conference Call Q1-2015/2016 Conference Call Q1-2015/2016 DIRK KALIEBE August 12, 2015 Highlights Q1-2015/2016 Strategic reorientation is taking effect Good order situation, improved backlog Strong revenue growth due to solid order

More information

First Quarter 2014 Results Presentation

First Quarter 2014 Results Presentation TECNICAS REUNIDAS Juan Lladó CEO First Quarter 2014 Results Presentation 19 th of May 2014 INDEX TECNICAS REUNIDAS AWARDS & BACKLOG 1Q 2014 FINANCIAL RESULTS OUTLOOK 1 1Q 2014 AWARDS Awards m 1Q 2014:

More information

First Half 2015 Results (January-June) Madrid, July 24 th 2015

First Half 2015 Results (January-June) Madrid, July 24 th 2015 First Half 2015 Results (January-June) Madrid, July 24 th 2015 Table of Contents 1. 1H 2015 Highlights 2. Backlog Execution 3. Update on Tulpar Transaction 4. Commercial Activity 5. Profit & Loss 6. Cash

More information

Conference Call Q3-2015/2016 GEROLD LINZBACH, CEO I DIRK KALIEBE, CFO. February 10, 2016 ON THE RIGHT TRACK

Conference Call Q3-2015/2016 GEROLD LINZBACH, CEO I DIRK KALIEBE, CFO. February 10, 2016 ON THE RIGHT TRACK Conference Call Q3-2015/2016 GEROLD LINZBACH, CEO I DIRK KALIEBE, CFO February 10, 2016 ON THE RIGHT TRACK On the right track Heidelberg is on track - the improvement in results due to the strategic realignment

More information

Focus on fleet customers SAF-HOLLAND Annual Financial Statements 2013

Focus on fleet customers SAF-HOLLAND Annual Financial Statements 2013 Focus on fleet customers SAF-HOLLAND Annual Financial Statements 213 Detlef Borghardt, CEO Wilfried Trepels, CFO March 13, 214 Agenda 1 Financials 3 2 Appendix 21 2 Executive Summary 1 2 3 Group sales

More information

2014 FULL YEAR RESULTS

2014 FULL YEAR RESULTS 2014 FULL YEAR RESULTS -3% -8% Financial and Operational Highlights Operational Revenue mntl (1) Ancillary Revenue/Pax Load Factor 29% 16% 13% 22% TRY mn 2.38 4,7 TRY mn 3.08 1,7 TRYm n 569,3 TRYm n 661,9

More information

March 4th, 2013 RETELIT RETI TELEMATICHE ITALIANE

March 4th, 2013 RETELIT RETI TELEMATICHE ITALIANE March 4th, 2013 RETELIT RETI TELEMATICHE ITALIANE RETELIT GROUP Retelit is one of the leading Italian providers of data services and infrastructure for the telecommunications market, listed on the Milan

More information

H1/2014 Results VTG AG Growing together. Dr. Heiko Fischer, CEO Dr. Kai Kleeberg, CFO August 21, 2014

H1/2014 Results VTG AG Growing together. Dr. Heiko Fischer, CEO Dr. Kai Kleeberg, CFO August 21, 2014 H1/2014 Results VTG AG Growing together Dr. Heiko Fischer, CEO Dr. Kai Kleeberg, CFO August 21, 2014 Table of content 1 Discussion of H1/2014 2 Outlook FY 2014 3 Questions & Answers 4 Financial Calendar

More information

7 March 2014. 2013 FY Results

7 March 2014. 2013 FY Results 7 March 2014 2013 FY Results 2013 Group Highlights Integration of ADR Well established motorway business in Italy International Presence Drivers Creation of a leading motorway and airport infrastructure

More information

2013 Half Year Results

2013 Half Year Results 2013 Half Year Results Erwin Stoller, Executive Chairman Joris Gröflin, Chief Financial Officer Agenda 1. Introduction and summary of first half year 2013 2. Financial results first half year 2013 3. Outlook

More information

Codelco Investor Presentation. April 2014

Codelco Investor Presentation. April 2014 Codelco Investor Presentation April 2014 Codelco s Highlights Industry Overview Operating & Financial Review Development Plan Update & Outlook 2 Codelco At a Glance December 2013 World Largest Copper Producer:

More information

Third quarter results FY2015. August 17, 2015

Third quarter results FY2015. August 17, 2015 Third quarter results FY2015 August 17, 2015 Disclaimer Stabilus S.A. (the Company, later Stabilus ) has prepared this presentation solely for your information. It should not be treated as giving investment

More information

Company Overview. Chieti, May 7 th 2012

Company Overview. Chieti, May 7 th 2012 Chieti, May 7 th 2012 AGENDA 1 Toto Group Structure 2 Toto S.p.a. Costruzioni Generali: Overview 3 Business Interests 4 5 6 7 8 Toto s Strenght: Know How Toto s Technological Assets The Construction Business

More information

SAF-HOLLAND Annual Financial Statements 2012. Detlef Borghardt, CEO Wilfried Trepels, CFO. March 14, 2013

SAF-HOLLAND Annual Financial Statements 2012. Detlef Borghardt, CEO Wilfried Trepels, CFO. March 14, 2013 SAF-HOLLAND Annual Financial Statements 212 Detlef Borghardt, CEO Wilfried Trepels, CFO March 14, 213 Executive Summary business volume successfully expanded in 212 1 Group sales increased yoy by 3.4%

More information

Annual Financial Results Presentation for year ended 30 June 2014 2 October 2014

Annual Financial Results Presentation for year ended 30 June 2014 2 October 2014 Annual Financial Results Presentation for year ended 30 June 2014 2 October 2014 Disclaimer The information contained in this presentation ( Presentation ) has been prepared by Firestone Diamonds plc (the

More information

Third quarter results 2012

Third quarter results 2012 Q3 Third quarter results 2012 Fornebu, Øyvind Eriksen and Leif Borge 2012 Aker Solutions Slide 1 Agenda Q3 2012 Introduction Øyvind Eriksen Executive chairman Financials Leif Borge President & CFO Q&A

More information

BNP Paribas Private Banking

BNP Paribas Private Banking BNP Paribas Private Banking Olivier Cœnon Head of Development & Partnerships BNP Paribas Private Banking May 2007 1 Disclaimer This presentation includes forward-looking statements based on current beliefs

More information

Nordex SE Conference Call Q1 2015

Nordex SE Conference Call Q1 2015 Nordex SE Conference Call Q1 2015 Hamburg 13 May 2015 AGENDA 1. Highlights Dr. Jürgen Zeschky 2. Operational progress and order intake Dr. Jürgen Zeschky 3. Financials Q1 2015 Bernard Schäferbarthold 4.

More information

9M2005 Consolidated Results Fulvio Conti Chief Executive Officer

9M2005 Consolidated Results Fulvio Conti Chief Executive Officer 9M2005 Consolidated Results Fulvio Conti Chief Executive Officer Rome, 9 November 2005 Agenda 1. 9M2005 Results 2. 2005 and 2006 outlook 3. Questions & Answers 1 9M2005 results - Highlights Results 9M05/9M04

More information

Company Presentation VTG AG Connecting worlds. Analyst Conference April 14, 2015

Company Presentation VTG AG Connecting worlds. Analyst Conference April 14, 2015 Company Presentation VTG AG Connecting worlds Analyst Conference April 14, 2015 Table of content 1 Highlights 2014 2 Performance & Financials 2014 3 Update on Strategy 4 Outlook 2015 5 Appendix 1 Executive

More information

1H 2015 results. Partner in a changing world

1H 2015 results. Partner in a changing world 1H 2015 results Partner in a changing world We focus on strategic markets for the growth and modernization of every country. Solutions partner for your world Tesmec designs, manufactures and sells products,

More information

Adif - Alta Velocidad

Adif - Alta Velocidad Adif - Alta Velocidad Investor Presentation January 2015 Adif - Alta Velocidad Receipt of this presentation implies your agreement with the restrictions outlined below. NOTHING IN THIS PRESENTATION CONSTITUTES

More information

Stabilus at a glance. April 2014

Stabilus at a glance. April 2014 Stabilus at a glance April 2014 Stabilus Overview Sales: 460mm Employees: ~4,000 Plants: 11 Sales by region 1 : Europe: 53% NAFTA: 34% Asia / RoW: 13% Automotive Industrial Gas springs Powerise Capital

More information

Company Profile. www.totospa.it

Company Profile. www.totospa.it www.totospa.it Table of contents 1 Toto Group Structure 2 Toto S.p.a. Costruzioni Generali: Overview 3 Business Interests 4 5 6 7 8 Toto s Strength: Know How Toto s Technological Assets The Construction

More information

RESULTS FIRST QUARTER 2015

RESULTS FIRST QUARTER 2015 0 April 27, 2015 RESULTS FIRST QUARTER 2015 An integrated energy player focused on exploration and production DISCLAIMER 1 RCA figures except otherwise noted. By attending or reading this presentation,

More information

Geoff Miller CEO. GLI Finance. February 2014

Geoff Miller CEO. GLI Finance. February 2014 Geoff Miller CEO GLI Finance February 2014 1 Disclaimer IMPORTANT NOTICE These presentation materials (the "Presentation Materials") are being solely issued to and directed at persons who are qualified

More information

Grontmij N.V. Analyst presentation. Financial results Q1 2014. 30 April 2014

Grontmij N.V. Analyst presentation. Financial results Q1 2014. 30 April 2014 Grontmij N.V. Analyst presentation Financial results Q1 2014 30 April 2014 Encouraging start of the year for Grontmij Highlights Q1 2014 2 Total revenue shows modest decline, net revenue is stable compared

More information

Full-year results 2014. December 02, 2014

Full-year results 2014. December 02, 2014 Full-year results 2014 December 02, 2014 Disclaimer Stabilus S.A. (the Company, later Stabilus ) has prepared this presentation solely for your information. It should not be treated as giving investment

More information

Aalberts Industries Net profit and earnings per share +15%

Aalberts Industries Net profit and earnings per share +15% PRESS RELEASE 1 ST HALF YEAR 2015 Aalberts Industries Net profit and earnings per share +15% Langbroek, 13 August 2015 Highlights o Revenue EUR 1,244 million, increase +18% (organic +2%). o Operating profit

More information

Cooperativa Muratori & Cementisti CMC di Ravenna Registered offices at Via Trieste 76, Ravenna Tax code and VAT no.: 00084280395 Ravenna Companies

Cooperativa Muratori & Cementisti CMC di Ravenna Registered offices at Via Trieste 76, Ravenna Tax code and VAT no.: 00084280395 Ravenna Companies 1 Cooperativa Muratori & Cementisti CMC di Ravenna Registered offices at Via Trieste 76, Ravenna Tax code and VAT no.: 00084280395 Ravenna Companies Register no. 014-567 Ravenna Chamber of Commerce no.

More information

3 rd Quarter 2014 Earnings Conference Call Transcript

3 rd Quarter 2014 Earnings Conference Call Transcript 3 rd Quarter 2014 Earnings Conference Call Transcript Overview*: BDC reported 3Q14 consolidated revenues of $613.1M, income from continuing operations of $50.4M and diluted EPS from continuing operations

More information

2015 Investor Day CFO Presentation. June 25, 2015

2015 Investor Day CFO Presentation. June 25, 2015 The Critical Materials Company 2015 Investor Day CFO Presentation June 25, 2015 Table of Contents Q1 2015 Financial Highlights 4 Currency Translation Effect 5 AMG Q1 2015 At a Glance 6 AMG Critical Materials

More information

Paris Orléans. Full year 2013/2014 results presentation

Paris Orléans. Full year 2013/2014 results presentation Paris Orléans Full year 2013/2014 results presentation 25 June 2014 Contents Sections 1 Highlights of 2013/2014 2 2 Business review 4 3 Financial review 9 Appendices 23 1 1. Highlights of 2013/2014 1.

More information

Conference Call Q2-2015/2016

Conference Call Q2-2015/2016 Conference Call Q2-2015/2016 DIRK KALIEBE, CFO November 13, 2015 Update strategy implementation: Services Consumables Sheetfed Digital Heidelberger Druckmaschinen AG 2 Update strategy implementation 1/4

More information

QSC AG. Company Presentation. Preliminary Results 2013 / Outlook for 2014 Cologne, February 26, 2014

QSC AG. Company Presentation. Preliminary Results 2013 / Outlook for 2014 Cologne, February 26, 2014 QSC AG Company Presentation Preliminary Results 2013 / Outlook for 2014 Cologne, February 26, 2014 AGENDA 1. Strategic Development 2013 2. Financial Development 2013 3. Outlook for 2014 4. Questions &

More information

EUROPE S LEADING ONLINE FASHION DESTINATION Q4 / Full-Year 2014 Earnings Call 5 March 2015

EUROPE S LEADING ONLINE FASHION DESTINATION Q4 / Full-Year 2014 Earnings Call 5 March 2015 EUROPE S LEADING ONLINE FASHION DESTINATION Q4 / Full-Year 2014 Earnings Call 5 March 2015 Results highlights and business update 1 CONTINUED CLEAR FOCUS ON EXECUTION Strong revenue growth outperforms

More information

African Barrick Gold. BMO Global Metals & Mining Conference February 2013

African Barrick Gold. BMO Global Metals & Mining Conference February 2013 African Barrick Gold BMO Global Metals & Mining Conference February 2013 Disclaimer Important Notice This presentation has been provided to you for information purposes only. It does not constitute an

More information

RHI AG. May 12, 2016

RHI AG. May 12, 2016 RHI AG Results 1Q/16 May 12, 2016 Highlights & Lowlights Highlights Positiv Steel Division operating EBIT margin of 7.8% in 1Q/16 driven by Europe and North America as a result of an improved product mix

More information

Corporate and Corporate Bond Rating MITEC Automotive AG Germany, Automotive suppliers

Corporate and Corporate Bond Rating MITEC Automotive AG Germany, Automotive suppliers MITEC Automotive AG Germany, Automotive suppliers www.scoperatings.com Corporate profile Founded in 1990, MITEC Automotive AG ( MITEC ) is a German auto supplier specialising in automobile propulsion technology,

More information

SBERBANK GROUP S IFRS RESULTS. March 2015

SBERBANK GROUP S IFRS RESULTS. March 2015 SBERBANK GROUP S IFRS RESULTS 2014 March 2015 SUMMARY OF PERFORMANCE FOR 2014 STATEMENT OF PROFIT OR LOSS Net profit reached RUB 290.3bn (or RUB 13.45 per ordinary share), compared to RUB 362.0bn (or RUB

More information

Share Capital Increase

Share Capital Increase Share Capital Increase Additional Information Pack Part 2 July 2014 Table of contents Margins and profitability - Interest earning assets decomposition 3 Asset quality - Recovery analysis 4 Capital - Q2

More information

Financial Information

Financial Information Financial Information Solid results with in all key financial metrics of 23.6 bn, up 0.4% like-for like Adjusted EBITA margin up 0.3 pt on organic basis Net profit up +4% to 1.9 bn Record Free Cash Flow

More information

November 14 th, 2014. 3Q/14 Results Presentation

November 14 th, 2014. 3Q/14 Results Presentation November 14 th, 2014 3Q/14 Results Presentation Results Highlights Good operating performance Sound contracting activity Stable net debt despite investment expansion HOCHTIEF restructuring process is starting

More information

Analyst Roundtable. Cologne, December 12, 2013

Analyst Roundtable. Cologne, December 12, 2013 QSC AG Analyst Roundtable Cologne, December 12, 2013 AGENDA 1. Operational Update Barbara Stolz CFO 2. Strategic Update Juergen Hermann CEO 3. Presentation of Selected Innovations - QSC-WiFi - QSC-tengo

More information

FIRST QUARTER 2012 RESULTS PRESENTATION

FIRST QUARTER 2012 RESULTS PRESENTATION FIRST QUARTER 202 RESULTS PRESENTATION 5 May 202 This presentation contains projections and forecasts. They express objectives based on the current assessments and estimates of the Group s senior management

More information

Smart Metering Systems plc. Interim Results For the half year ended 30 June 2015

Smart Metering Systems plc. Interim Results For the half year ended 30 June 2015 Smart Metering Systems plc Interim Results For the half year ended 2015 Introduction and agenda Business review Alan Foy, CEO SMS story Financial Operational Financial review Glen Murray, CFO Highlights

More information

First Quarter 2015 Earnings Conference Call. April 28, 2015

First Quarter 2015 Earnings Conference Call. April 28, 2015 First Quarter 2015 Earnings Conference Call April 28, 2015 Forward-looking Statements This presentation contains forward-looking statements. These forward-looking statements include statements related

More information

Q1 RESULTS 2015 30 APRIL 2015. Harald Wilhelm I Chief Financial Officer

Q1 RESULTS 2015 30 APRIL 2015. Harald Wilhelm I Chief Financial Officer 1 Q1 RESULTS 2015 30 APRIL 2015 Harald Wilhelm I Chief Financial Officer SAFE HARBOUR STATEMENT 2 Disclaimer This presentation includes forward-looking statements. Words such as anticipates, believes,

More information

EUROPE S LEADING ONLINE FASHION DESTINATION Capital Markets Day: Advertising Services 25 March 2015

EUROPE S LEADING ONLINE FASHION DESTINATION Capital Markets Day: Advertising Services 25 March 2015 EUROPE S LEADING ONLINE FASHION DESTINATION Capital Markets Day: Advertising Services 25 March 2015 ADVERTISING SERVICES CREATES A WIN-WIN-WIN SITUATION FOR CUSTOMERS, BRANDS/ADVERTISERS AND ZALANDO CUSTOMERS

More information

1H 2009/2010 Results Presentation

1H 2009/2010 Results Presentation 1H 2009/2010 Results Presentation 23 November 2009 1 1H 2009/10 Results Key Facts Consolidated Sales of 56,3m, -14.8% YoY Retail Sales of 14.7m, +118.3% YoY Wholesale Sales of 41.4m, -29.7% YoY EBITDA

More information

QSC AG. Company Presentation. Results Q2 2014 Cologne, August 11, 2014

QSC AG. Company Presentation. Results Q2 2014 Cologne, August 11, 2014 QSC AG Company Presentation Results Q2 2014 Cologne, August 11, 2014 AGENDA 1. Operating development Q2 2014 2. Financial development Q2 2014 3. Outlook for 2014 4. Questions & Answers 2 DISAPPOINTING

More information

Global Investments Limited. FY2014 Financial Results

Global Investments Limited. FY2014 Financial Results Global Investments Limited FY2014 Financial Results DISCLAIMER Information contained in this presentation is intended solely for your personal reference and is strictly confidential. Such information is

More information

Recall Holdings Limited 31 December 2013 Trading Update

Recall Holdings Limited 31 December 2013 Trading Update Document Management Solutions Secure Destruction Services Data Protection Services Recall Holdings Limited 31 December 2013 Trading Update February 19 th 2014 Presenters: CEO - Doug Pertz, CFO - Mark Wratten

More information

FORACO INTERNATIONAL REPORTS Q3 2014

FORACO INTERNATIONAL REPORTS Q3 2014 NEWS RELEASE FORACO INTERNATIONAL REPORTS Q3 2014 Toronto, Ontario / Marseille, France Tuesday, November 4, 2014 Foraco International SA (TSX:FAR) (the Company or Foraco ), a leading global provider of

More information

Gamenet Group 2014 Nine Months Results

Gamenet Group 2014 Nine Months Results Gamenet Group 2014 Nine Months Results Rome, November 28 th 2014 Disclaimer This presentation includes certain forward looking statements, projections, objectives and estimates reflecting the current views

More information

Salini Impregilo. We Build Value. 2013 Results 2014-2017 Industrial Plan. 20 th March 2014

Salini Impregilo. We Build Value. 2013 Results 2014-2017 Industrial Plan. 20 th March 2014 Salini Impregilo We Build Value 2013 Results 2014-2017 Industrial Plan 20 th Salini Impregilo Team Today 2 Pietro Salini Chief Executive Officer 56 years With the Company since 1987 Previous experience:

More information

SURVEY 2010 THE ITALIAN CONSTRUCTION COMPANIES IN THE WORLD

SURVEY 2010 THE ITALIAN CONSTRUCTION COMPANIES IN THE WORLD SURVEY 2010 THE ITALIAN CONSTRUCTION COMPANIES IN THE WORLD edited by the Directorate for Economic Affairs and Studies and Overseas Works and International Relations Office Italian construction companies

More information

Applus+ Group Results Presentation Third Quarter 2014 November 3rd 2014

Applus+ Group Results Presentation Third Quarter 2014 November 3rd 2014 Applus+ Group Results Presentation Third Quarter 2014 November 3rd 2014 DISCLAIMER This document may contain statements that constitute forward looking statements about Applus Services, SA ( Applus+ or

More information

QSC AG. Company Presentation. Results Q1 2013 Cologne, May 13, 2013

QSC AG. Company Presentation. Results Q1 2013 Cologne, May 13, 2013 QSC AG Company Presentation Results Q1 2013 Cologne, May 13, 2013 AGENDA 1. Highlights Q1 2013 2. Financial Results Q1 2013 3. Outlook 2013 4. Questions & Answers 2 GOOD START TO 2013 Favorable revenue

More information

Preferred partner. Investor Day 2015. London, March 17, 2015 Luis Araujo, CEO Svein Stoknes, CFO

Preferred partner. Investor Day 2015. London, March 17, 2015 Luis Araujo, CEO Svein Stoknes, CFO Investor Day 2015 London, March 17, 2015 Luis Araujo, CEO Svein Stoknes, CFO 2015 Aker Solutions Slide 1 March 17, 2015 Investor Day 2015 Forward-Looking Statements and Copyright This Presentation includes

More information

For personal use only

For personal use only Acquisition of THG Expanding into Queensland April 2015 Disclaimer This Document should not be considered as an offer or invitation to subscribe for or purchase any securities in OTOC Limited ( OTOC or

More information

Eutelsat Communications Full Year 2013-2014 Results. July 31, 2014

Eutelsat Communications Full Year 2013-2014 Results. July 31, 2014 Eutelsat Communications Full Year 2013-2014 Results July 31, 2014 1 Agenda FY 2013-2014 highlights Operational performance Financial overview Outlook -2- FY 2013-2014: Key Figures Revenue Revenues of 1,348

More information

Deutsche Bank Mining and Metals Conference

Deutsche Bank Mining and Metals Conference EVRAZ GROUP S.A. FY 26 Preliminary 1 Results EVRAZ GROUP S.A. Deutsche Bank Mining and Metals Conference 12-13 November 27 Disclaimer 2 This document does not constitute or form part of and should not

More information

ABENGOA. 2014: Financial Review. Barbara Zubiria. 8th Annual Analyst and Investor Day. EVP, Capital Markets & IR

ABENGOA. 2014: Financial Review. Barbara Zubiria. 8th Annual Analyst and Investor Day. EVP, Capital Markets & IR Innovative Technology Solutions for Sustainability ABENGOA 2014: Financial Review Barbara Zubiria EVP, Capital Markets & IR 8th Annual Analyst and Investor Day April 3 & 4, 2014 Forward-looking Statement

More information

Numericable Group Company presentation

Numericable Group Company presentation Numericable Group Company presentation July 2013 Numericable Group Q1 2014 Results Presentation 13 May 2014 Paris Disclaimer 2 This document was prepared by Numericable Group for the sole purpose of this

More information

QSC AG. Company Presentation. Results Q1 2014 Cologne, May 12, 2014

QSC AG. Company Presentation. Results Q1 2014 Cologne, May 12, 2014 QSC AG Company Presentation Results Q1 2014 Cologne, May 12, 2014 AGENDA 1. Highlights Q1 2014 2. Financial Results Q1 2014 3. Outlook 2014 4. Questions & Answers 2 2014 STARTED AS EXPECTED Two-track development

More information

2015 FIRST HALF RESULTS CONFERENCE CALL. August 31st, 2015

2015 FIRST HALF RESULTS CONFERENCE CALL. August 31st, 2015 2015 FIRST HALF RESULTS CONFERENCE CALL August 31st, 2015 DISCLAIMER This presentation has been prepared by Eurotech S.p.A.(or Eurotech ) and has to be read in conjunction with its oral presentation. The

More information

Conference Call. WASHTEC AG H1 2015 Report

Conference Call. WASHTEC AG H1 2015 Report Conference Call WASHTEC AG H1 2015 Report. Strongest H1 in WashTec s history Revenues (in m): + 13,2% incl. FX EBIT (in m): more than doubled Net Cash Flow (in m) 160.6 13.8 12.9 139.9 141.9 5.9 7.7 7.3

More information

Acquisition of AlliedBarton Security Services. June 30, 2015

Acquisition of AlliedBarton Security Services. June 30, 2015 Acquisition of AlliedBarton Security Services June 30, 2015 1 Introduction On June 29, Wendel agreed to acquire AlliedBarton Security Services, the second largest security officer services provider in

More information

2012 1ST QUARTER RESULTS

2012 1ST QUARTER RESULTS Al Hidd,Bahrain 2012 1ST QUARTER RESULTS Dunamenti, Hongrie, CCGT Laja, Chile 2011 RÉSULTATS ANNUELS April 23, 2012 9 février 2012 Solid Q1 performance on track to achieve 2012 guidance In bn Q1 2012 Q1

More information

Full Year Results 2014

Full Year Results 2014 Full Year Results 2014 18 March 2015 Conference call on FY Results 2014 Corporate Finance & Investor Relations AGENDA FY 2014 results presentation Highlights 2014 Financials 2014 Outlook 2015 Appendix

More information

Reliable Performance and Increasing Growth Hans-Peter Ring Chief Financial Officer EADS. North America Investor Forum New York 7 th October 2003

Reliable Performance and Increasing Growth Hans-Peter Ring Chief Financial Officer EADS. North America Investor Forum New York 7 th October 2003 Reliable Performance and Increasing Growth Hans-Peter Ring Chief Financial Officer EADS North America Investor Forum New York 7 th October 2003 1 1 Solid and Resilient Performance Financial Highlights

More information

H1 2015 Results. 12 August 2015

H1 2015 Results. 12 August 2015 H1 2015 Results Agenda Agenda H1 2015 at a glance Building industry outlook 2015 Outlook 2015 2 Stable operating margins Group net sales increase of 20.1% to CHF 1 308 million In local currencies, net

More information

HMS Group 3 months 2015 IFRS Results Conference call presentation. 16 June 2015

HMS Group 3 months 2015 IFRS Results Conference call presentation. 16 June 2015 HMS Group 3 months 2015 IFRS Results Conference call presentation 16 June 2015 Financial results Business & Outlook Appendix Financial Highlights Financial highlights, Rub mn 3m 2015 3m 2014 chg, yoy Revenue

More information

Rocket Internet Co-Investment Fund

Rocket Internet Co-Investment Fund Presentation1 Agenda Page [ P R E S E N T A T I O N T I T L E ] April 2015 Rocket Internet Co-Investment Fund [ C L I E N T N A M E ] 19 th January 2016 1 Disclaimer This document is being presented solely

More information

Downer Group 2014 Full Year Results. 5 August 2014

Downer Group 2014 Full Year Results. 5 August 2014 Downer Group 2014 Full Year Results 5 August 2014 Financial overview Earnings Net Profit After Tax (NPAT) $216.0 million, up 5.9%1 Earnings Before Interest and Tax (EBIT) $341.1 million, down 4.9% 1 Return

More information

Update following the publication of the Bank of England Stress Test. 16 December 2014

Update following the publication of the Bank of England Stress Test. 16 December 2014 Update following the publication of the Bank of England Stress Test 16 December 2014 Background Top 8 Banks Resilience Stress Tested by PRA following FPC recommendation in March 2013 Guidance for stress

More information