Impregilo Presentation of the Business Plan Pietro Salini Chief Chief Executive Officer

Size: px
Start display at page:

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

Transcription

1 Impregilo Presentation of the Business Plan Pietro Salini Chief Chief Executive Officer Milan, 11 December 2012

2 Disclaimer 2 This document has been prepared by Impregilo S.p.A. (the Company ) solely for use in the presentation of its Business Plan and does not constitute or form part of any offer or invitation to sell, or any solicitation to purchase any shares in the Company. The information contained and the opinions expressed in this document have not been independently verified. In particular, this document contains forward-looking statements that are based on current estimates and assumptions made by the management of the Company to the best of its knowledge. Such forward-looking statements are subject to risks and uncertainties, the non-occurrence or occurrence of which could cause the actual results including the financial condition and profitability of the Group to differ materially from those expressed or implied by such forward-looking statements. This also applies to the forward-looking estimates and forecasts derived from third-party studies. The data and information contained in this document are subject to variations and integrations. Although the Company reserves the right to make such variations and integrations when it deems necessary or appropriate, the Company assumes no affirmative disclosure obligation to make such variations and integrations.

3 Impregilo: Mission 3 Mission: to become the recognized Constructor of excellence for very large infrastructural projects To achieve this mission Impregilo has set Industrial goals: Focus on core business of construction, disposal of non-core assets Diversify geographical presence, grow business in high potential countries and strengthen of references and technical qualifications. Achieve a critical mass to compete better and be more efficient One financial goal: Enforce financial discipline to maximize total shareholder return, ensure sustainable growth and long-term value creation for all stakeholders

4 Impregilo: 3 phase strategic review process 4 Diagnosis and preparation of hypothesis August-September Analysis of: recent performance; macro trends, competitive environment, backlog along with projects and main critical aspects (e.g. Panama, Venezuela, etc.) processes and organization (focus: business development, bidding, risk management) September Design and assessment of synergies from Commercial Agreement with Salini October Target new order intake estimated Discussion November Internal discussions and review of 2015 objectives and accounting-technical aspects between top management End November Detailed illustration of Business Plan hypothesis to BoD members Discussion of Business Plan and input taken from Board members Finalization and approval 25 September Approval by BoD of Strategic Guidelines of Impregilo 6 December Presentation of Business Plan to BoD Approval by BoD 11 December Presentation of Business Plan to public/financial community Intensive, in-depth analysis carried out over 4 months Active contribution of entire Board and operating management

5 Business Plan objectives 5 Industrial Targets for 2015 Revenue growth 10% p.a. Revenues > 3.3 Bn EBIT margin >8% YE backlog > 12.5 Bn Book to bill (1) >1 Financial Target for 2015 ROE (2) > 14% 1.Calculated as: Total new orders (new orders + variations) / Total construction revenues for the year 2.Calculated as: Net income / Year-end Equity

6 Business Plan : fundamental assumptions 6 Revenues & new orders Revenues from backlog based on revised detailed forecasts for each single project Average new order intake ( 3.5 bn p.a.) above average of last 6 years ( 2.7 bn) thanks to: market growth, opening of new areas & synergies with Salini Project Ebit Central costs Marginality of new projects prudently projected to be slightly below actual backlog average Some central cost benefits from economies of scale (Corporate & Regional Offices) Capex Construction: > 500 mn Concession: 300 mn Net working capital Will improve as a result of increasing internationalization of the backlog (up-front payments), increased selectivity of new projects and cash-in from completed projects

7 Main KPIs: Revenues Mix 7 Revenues Impregilo ( bn) 4,0 3,5 3.3 Cum. revenues 13-15E ( bn) ~9 ~22% 3,0 2,5 2, (23%) Concessions & Plant ( 40%) ( 5%) New International Projects New Italian Projects ~2% ~49% 1,5 1,0 1.2 (57%) (>30%) Int l Backlog (1) 76% 0,5 0.4 (19%) >20% Italian Backlog (1) 0,0 2011A ~27% acquisition included in the backlog, as of last forecast 2012 Impregilo Messina bridge (2006) and Pedemontana Veneta (2007) excluded from the calculation Calculated as total construction order intake (New projects + variations) / Total construction revenues 76% of cumulated revenues 13-15E coming from backlog

8 Enhance Top Line Growth: drive new order intake 8 Cumulated order intake e ( bn) Construction backlog evolution E ( bn) ,0 >12.5 (1) > ,0 10, (1) 8.0 8,0 5.7 (54%) ~9 (~70% Abroad (+90%) 6.0 6, , ,0 4.8 (46%) ~4 (~30% Italy (-20%) 0.0 Latin America Africa Middle East Europe, Central Asia Italy North America Australia Total 0,0 1. Excludes Messina bridge 3Q E Order Intake of > 10.5bn, average intake p.a. of 3.5bn Focus on international markets and core segments

9 Ebit margin for new order intake: prudent assumptions 9 Projects average Ebit margin Rationale Ebit margin (%) 15% Ebit before central costs Focus on large projects, which ensure better margins thanks to reduced competition and higher complexity 10% ~11% ~10% Improved risk management processes, which enable better cost control and reduce risk of margin reduction 5% 0% Residual life Ebit margin for projects in backlog Full life Ebit Margin of projects acquired in E Improved ability to cherry-pick higher margins projects thanks to increased access to markets resulting from strategic partnership with Salini From an industrial point of view Impregilo is confident in its ability to improve future margins. However, given the macroeconomic uncertainties, the plan s financial forecasts reflect a prudential assumption of 10% Ebit margin for new projects won in the period

10 Central costs as % of revenues will decline 10 Central costs as % of construction revenues 2011A P Rationale % of revenues 8% Deconsolidation of central costs related to Concessions and Plants 6% 6.0% (1) 5.3% (2) ~4.5% (2) Strengthening of the commercial organization and of the central control and risk management 4% 3.7% Exploitation of scale effects driven by revenue increase in the Plan horizon 2% 0% 2011A Total central costs 2011A Constr. central costs 2012F Constr. central costs 2015P Central costs 1. % of total revenues 2. % of construction revenues

11 Operating FCF and NWC improvement will finance growth & dividends 11 Operating cash flows generation, 2013P P cumulated Main assumptions 10% CAGR on rev. New projects Ebit margin slightly more prudent Scale effect on central costs Effect from higher international project presence Cash-in from completed projects Constr. > 500 mn; Concess. 300 mn Average payout ratio >40% Operating Free Cash Flows Δ Net Working Capital Capex Ordinary Dividends

12 Cash-in: 1.5 bn expected from disposals, extra-ordinary items MN 350 MN 150 MN Description 29.24% Participation in EcoRodovias 1 Disposals of: Fisia Fisia Babcock Sh. Pucheng FIBE sale of CDR One-off pre-tax costs prudently included P&L effect of sale of CDR by FIBE Net claim relating to Messina Bridge Contract Note: /R$: For further information: information document October 31, 2012 Disposals of non-core assets and claims recovery will free up capital and management time to focus on construction business

13 Business Plan: Main KPIs Total Non-core business (1) Construction Construction Revenues ( bn) >3.3 A Group concentrated on construction which demonstrates strong growth capabilities Ebitda ( mn, %) Ebit ( mn, %) 310 (14.7%) 226 (10.7%) 127 (26.0%) 102 (20.8%) 182 (11.3%) 124 (7.7%) >12% >8% Improved Ebitda and Ebit margins 1. Includes Plants, Concessions and FIBE, and related Corporate Costs Impregilo to achieve 3.3bn construction revenues and a better return on capital

14 Business Plan: foreseen evolution from 2012 to Yesterday s situation Today s formation Diversification into non-core businesses (plants, brown field concessions) Focus on the core business: Construction Significant capital invested in businesses that generated lower returns for company and shareholders No growth in Impregilo s construction activities Increasing Italian weight in construction activities Optimization and reallocation of invested capital to higher return activities (construction vs. mature concessions) Selective growth in construction to reach a size comparable to European peers Higher weight of international activities, focusing on markets with high potential and significant growth opportunities De-centralized control and risk management Strong central management and risk control Business focus & management attention on areas of strength to generate sustainable growth, higher marginality and greater value

15 Organizational implications of the Plan 15 Principal elements of the Plan Drive commercial activities higher: New order intake to rise from 2.7 bn 1 to 3.5 bn per year thanks also to full realization of the commercial synergies identified with Salini Achieve the top end of the range of new orders forecast (i.e. 6.4 bn in the period) Reinforce the operational and risk management capabilities Example: resolve technical and contractual problems in Panama, avoiding further impact on margins Solve the critical problem associated with the high level of net working capital Organizational implications Reinforce the commercial marketing capabilities: Reinforce local commercial structure in target countries and improve coordination with Head Office Improve the quality of the tender process (selection, proposals, pricing) Implement the new joint commercial procedures to achieve full effectiveness Improve the quality of risk management and client management Reinforce cash management and control of the cash conversion cycle , excluding Messina Bridge.

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

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

1H15 Results Presentation July 31 st, 2015

1H15 Results Presentation July 31 st, 2015 1H15 Results Presentation July 31 st, 2015 Results Highlights Increasing visibility on revenues Strong order intake 1H15 Good operating results Operating margins increase Positive operating cash flow Working

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

1Q15 Results Presentation May 13 th, 2015

1Q15 Results Presentation May 13 th, 2015 1Q15 Results Presentation May 13 th, 2015 Results Highlights Revenues growth & solid backlog Relevant projects awarded Operating margins increase Reorganization is paying off Solid operating cash flow

More information

Worldwide GDP rising with a broad positive momentum; Europe back to growth, India speeding up

Worldwide GDP rising with a broad positive momentum; Europe back to growth, India speeding up Disclaimer This presentation contains forward-looking statements regarding future events and future results of Piaggio & C S.p.A (the Company ). that are based on the current expectations, estimates, forecasts

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

NOME COGNOME DEL RELATORE. Safe Harbour

NOME COGNOME DEL RELATORE. Safe Harbour MARCO PATUANO Safe Harbour These presentations contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements

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

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

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

9m RESULTS OCTOBER Harald Wilhelm I Chief Financial Officer

9m RESULTS OCTOBER Harald Wilhelm I Chief Financial Officer 1 9m RESULTS 2015 30 OCTOBER 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

9 Months 2015 Financial Results & Strategy Evolution. Riyadh Underground, Line 3 SAUDI ARABIA

9 Months 2015 Financial Results & Strategy Evolution. Riyadh Underground, Line 3 SAUDI ARABIA 9 Months 2015 Financial Results & Strategy Evolution Riyadh Underground, Line 3 SAUDI ARABIA Strategy Update Acquisition I-85 over the Yadkin River - NORTH CAROLINA 2 Lane Acquisition Rationale Strategic

More information

FINANCIAL OVERVIEW. Juan Carlos Baena

FINANCIAL OVERVIEW. Juan Carlos Baena 07 FINANCIAL OVERVIEW Juan Carlos Baena Disclaimer This presentation has been produced by Indra for the sole purpose expressed therein. Therefore, neither this presentation nor any of the information contained

More information

1H/14 Results Presentation

1H/14 Results Presentation 1H/14 Results Presentation September 1st, 2014 YTD Highlights Good operating performance impacted by f/x effects Like for like* growth in Sales, EBIT & Net Profit Stable net debt LTM despite significant

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

Speech of the Board of Management. General Shareholders Meeting, 9 June 2015

Speech of the Board of Management. General Shareholders Meeting, 9 June 2015 Speech of the Board of Management General Shareholders Meeting, 9 June 2015 AGENDA Overview of the financial year Steven Holland, CEO Financial figures 2014 Georg Müller, CFO ConnectingChemistry Steven

More information

Summary. 1. Key Figures. 2. Business Focus. 3. FY2011 Result. 4. Strategy and Outlook

Summary. 1. Key Figures. 2. Business Focus. 3. FY2011 Result. 4. Strategy and Outlook Corporate Profile Summary 1. Key Figures 2. Business Focus 3. FY2011 Result 4. Strategy and Outlook 2 Exprivia SpA is an Italian IT company focused on the design and development of innovative software

More information

YTD Highlights. 1 st Half 2013 Results Presentation

YTD Highlights. 1 st Half 2013 Results Presentation 1H/13 Results Presentation August 30 th, 2013 YTD Highlights Sales resilience, backlog impacted by forex Sustainable net results Working capital control remains top priority Disposals program under way

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

PIERRE JEAN SIVIGNON FINANCIAL. Deputy Chief Executive Officer, Chief Financial Officer RESULTS

PIERRE JEAN SIVIGNON FINANCIAL. Deputy Chief Executive Officer, Chief Financial Officer RESULTS FULL YEAR RESULTS FINANCIAL RESULTS PIERRE JEAN SIVIGNON Deputy Chief Executive Officer, Chief Financial Officer FURTHER PROFIT GROWTH IN 2015 Variation at (in m) 2014 2015 (1) constant exch. rates Variation

More information

ABB Next Level Accelerating sustainable value creation

ABB Next Level Accelerating sustainable value creation Eric Elzvik, CFO, Capital Markets Day, London, ABB Next Level Accelerating sustainable value creation Slide 1 Important notices Presentations made during Capital Markets Day 2014 include forward-looking

More information

STAR CONFERENCE 2015 Milan

STAR CONFERENCE 2015 Milan STAR CONFERENCE 2015 Milan Elica Corporation Today N#1 Player Worldwide in Hoods 2014 Turnover 391.9 M > 3500 Employees 2 19 Mln Hoods + Motors Cooking Net Sales: Own Brand 41% Client Brand 59 % 2 & 3

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

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

Annual Press Conference 2015. 18 March 2015

Annual Press Conference 2015. 18 March 2015 Annual Press Conference 2015 18 March 2015 AGENDA Annual Press Conference 2015 Topic Speaker Time 1. Welcome Hubertus Spethmann 10.00 am 2. 2014 at a glance 2.1. Highlights Steven Holland 2.2. Financial

More information

ROSNEFT INVESTOR DAY FINANCIALS. Svyatoslav I. Slavinskiy April 23, 2013

ROSNEFT INVESTOR DAY FINANCIALS. Svyatoslav I. Slavinskiy April 23, 2013 ROSNEFT INVESTOR DAY FINANCIALS Svyatoslav I. Slavinskiy April 23, 2013 TNK-BP Acquisition: Financing Sources Uses Existing cash resources Cash equivalents and short-term financial assets on the balance

More information

Financial Results. siemens.com

Financial Results. siemens.com s Financial Results Fourth Quarter and Fiscal 2015 siemens.com Key figures (in millions of, except where otherwise stated) Volume Q4 % Change Fiscal Year % Change FY 2015 FY 2014 Actual Comp. 1 2015 2014

More information

ACEA GROUP London, September 2006 EUROPEAN POWER AND UTILITY INVESTOR SUMMIT ACEA GROUP PRESENTATION

ACEA GROUP London, September 2006 EUROPEAN POWER AND UTILITY INVESTOR SUMMIT ACEA GROUP PRESENTATION ACEA GROUP London, September 2006 EUROPEAN POWER AND UTILITY INVESTOR SUMMIT ACEA GROUP PRESENTATION 1 Company overview Acea Group: 2006-2008 strategy and target - Water - Electricity Networks - Electricity

More information

A Leading Global Health Care Group

A Leading Global Health Care Group A Leading Global Health Care Group Credit Suisse Global Health Care Conference, March 4, 2015 For detailed financial information please see our annual/quarterly reports and/or conference call materials

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

Zurich to acquire Cover-More Group

Zurich to acquire Cover-More Group Zurich to acquire Cover-More Group Investor presentation December 12, 2016 Zurich Insurance Group Compelling strategic and financial rationale Leading market position Aligned with strategy Significant

More information

Areva & Gamesa Joint Venture: Creation of an Offshore Wind Leader

Areva & Gamesa Joint Venture: Creation of an Offshore Wind Leader Areva & Gamesa Joint Venture: Creation of an Offshore Wind Leader 7 July 2014 1 Resumen Ejecutivo 1. Transaction Overview 2 Summary Areva and Gamesa have entered into an agreement to form a 50%/50% Joint

More information

Financial Results. First Half February 17, 2012

Financial Results. First Half February 17, 2012 Financial Results First Half 2011-2012 February 17, 2012 1 Disclaimer This presentation does not constitute or form part of and should not be construed as any offer for sale of or solicitation of any offer

More information

Company announcement from. Vestas Wind Systems A/S. Aarhus, 3 February 2014 Company announcement No. 4/2014 Page 1 of 8

Company announcement from. Vestas Wind Systems A/S. Aarhus, 3 February 2014 Company announcement No. 4/2014 Page 1 of 8 Company announcement from Aarhus, 3 February 2014 Company announcement No. 4/2014 Page 1 of 8 Annual report 2013 Revenue, EBIT and free cash flow above expectations Summary: 2013 marked the final year

More information

4Q Fornebu, February 12, 2016 Luis Araujo and Svein Stoknes

4Q Fornebu, February 12, 2016 Luis Araujo and Svein Stoknes 4Q 2015 Fornebu, February 12, 2016 Luis Araujo and Svein Stoknes Agenda 4Q 2015 Introduction Luis Araujo Chief Executive Officer Financials Svein Stoknes Chief Financial Officer Q&A Session Fourth-Quarter

More information

Interim results Leading the way in Asia, Africa and the Middle East

Interim results Leading the way in Asia, Africa and the Middle East 1 Interim results 2009 Leading the way in Asia, Africa and the Middle East 2 Forward looking statements This presentation contains or incorporates by reference forward-looking statements regarding the

More information

K+S Group FY/Q4 2014 Analyst conference. 12 March 2015, Frankfurt am Main. Norbert Steiner, CEO Dr. Burkhard Lohr, CFO

K+S Group FY/Q4 2014 Analyst conference. 12 March 2015, Frankfurt am Main. Norbert Steiner, CEO Dr. Burkhard Lohr, CFO Experience growth. FY/Q4 2014 Analyst conference 12 March 2015, Frankfurt am Main Norbert Steiner, CEO Dr. Burkhard Lohr, CFO Agenda A. FY 2014 Financials B. Projects and initiatives C. Q4 Financials D.

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

Enel Russia Investor Day Strategic Plan 2015-19. Moscow, 8 April 2015

Enel Russia Investor Day Strategic Plan 2015-19. Moscow, 8 April 2015 Enel Russia Investor Day Strategic Plan 2015-19 Moscow, 8 April 2015 2 Enel Russia Investor Day Agenda 2014 main developments and strategic plan for 2015-19 2015-19 key financial figures Closing remarks

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

A Leading Global Health Care Group

A Leading Global Health Care Group A Leading Global Health Care Group HSBC Healthcare Day, November 12, 2014 For detailed financial information please see our annual/quarterly reports and/or conference call materials on www.fresenius.com/ir.

More information

Trevi Finanziaria. Good backlog but also huge capex. 02 December 2008 Capital Goods Update. Price: 7.94 Target price: 11.

Trevi Finanziaria. Good backlog but also huge capex. 02 December 2008 Capital Goods Update. Price: 7.94 Target price: 11. 02 December 2008 Capital Goods Update Price: 7.94 Target price: 11.40 Outperform 18 16 14 12 2/12/08 2006 2007 2008E 2009E 2010E EPS Adj. ( ) 0.42 0.83 1.18 1.44 1.68 DPS ( ) 0.05 0.10 0.13 0.16 0.19 BVPS

More information

Health Care Worldwide

Health Care Worldwide Health Care Worldwide Goldman Sachs - Leveraged Finance Healthcare Conference March 4, 2014 New York Goldman Sachs Leveraged Finance Conference, Fresenius SE & Co. KGaA Copyright, March 4, 2014 Page 1

More information

Nordex SE Conference Call Q3 2014. Hamburg 13 November 2014

Nordex SE Conference Call Q3 2014. Hamburg 13 November 2014 Nordex SE Conference Call Q3 2014 Hamburg 13 November 2014 AGENDA 1. Highlights 9m 2014 Dr. Jürgen Zeschky 2. Market snapshots Dr. Jürgen Zeschky 3. Operational progress Dr. Jürgen Zeschky 4. Financials

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

THE WAY TO MAKE IT. Results 2013 and Outlook 2014. Agenda. 26 March 2014. Results 2013. Focus and outlook 2014 Discussion

THE WAY TO MAKE IT. Results 2013 and Outlook 2014. Agenda. 26 March 2014. Results 2013. Focus and outlook 2014 Discussion Results 2013 and Outlook 2014 26 March 2014 26 March 2014 / Results 2013 and Outlook 2014 / 1 Agenda Results 2013 Operational performance Financial performance Focus and outlook 2014 Discussion 26 March

More information

Agenda. Forward-looking Statements Denis Jasmin, Vice-President, Investor Relations

Agenda. Forward-looking Statements Denis Jasmin, Vice-President, Investor Relations SECOND QUARTER 2014 Conference Call Notes August 8, 2014 Agenda 2 Forward-looking Statements Denis Jasmin, Vice-President, Investor Relations President and CEO Remarks Robert G. Card, President and Chief

More information

1H04 FINANCIAL RESULTS. 24th September 2004

1H04 FINANCIAL RESULTS. 24th September 2004 1H04 FINANCIAL RESULTS 24th September 2004 Key results 1H2004 results: Revenue growth: revenues at 538.0 ml +25% YoY mainly driven by ADSL (40% of total access revenues). ADSL growth: 600,000 new ADSL

More information

BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability

BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability NEWS RELEASE FOR IMMEDIATE RELEASE June 19, BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability Waterloo, ON BlackBerry Limited (NASDAQ: BBRY; TSX: BB), a global leader in mobile communications,

More information

RESULTS 9M15. November 5 th, 2015

RESULTS 9M15. November 5 th, 2015 November 5 th, 2015 CONFERENCE CALL DETAILS The Company will host a conference call for investors and analysts today at 18:30 (CET). Please find below conference call telephone numbers: Spain: +34 917900872

More information

Investing for growth. 1 Tel: f u l l y e a r r e s u l t s

Investing for growth. 1   Tel: f u l l y e a r r e s u l t s Investing for growth 2013 1 E-mail: ir@ferrovial.es Tel: +34 91 586 27 30 f u l l y e a r r e s u l t s Disclaimer This document may contain statements that constitute forward looking statements about

More information

Management Presentation Q2/2012 Results. 8 August 2012

Management Presentation Q2/2012 Results. 8 August 2012 Management Presentation Q2/2012 Results 8 August 2012 Cautionary statement This presentation contains forward-looking statements which involve risks and uncertainties. The actual performance, results and

More information

BANCA MONTE DEI PASCHI DI SIENA: BUSINESS PLAN APPROVED

BANCA MONTE DEI PASCHI DI SIENA: BUSINESS PLAN APPROVED PRESS RELEASE BANCA MONTE DEI PASCHI DI SIENA: 2013-2017 BUSINESS PLAN APPROVED The document implements the strategic and operational priorities of the Restructuring Plan submitted on 7 October 2013 and

More information

Carlsberg A/S. Full-year 2015 results

Carlsberg A/S. Full-year 2015 results Carlsberg A/S Full-year 2015 results Agenda Preparing for the future Financial results Region performance Appendix Preparing for the future Funding the Journey Two year programme aiming at delivering DKK

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

Billions of euro 2013 2015 2017 EBITDA ~16.0 ~ 16.0 17-18 Net Ordinary Income ~ 3.0 ~ 3.3 4-5

Billions of euro 2013 2015 2017 EBITDA ~16.0 ~ 16.0 17-18 Net Ordinary Income ~ 3.0 ~ 3.3 4-5 Disclosures supplementing the Annual Report for the year ended December 31, 2012 requested by CONSOB pursuant to the provisions of Article 114, paragraph 5, of Legislative Decree 58 of February 24, 1998

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

1. H1 2014 key highlights

1. H1 2014 key highlights 30 th July 2014 Disclaimer This document has been prepared by ACCIONA, S.A. ( ACCIONA or the Company ) exclusively for use during the presentation of financial results for the firsthalf of 2014 (H1 2014).

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

Concentration on core business leads to one-off effects in first quarter results of SCHMOLZ + BICKENBACH

Concentration on core business leads to one-off effects in first quarter results of SCHMOLZ + BICKENBACH Media release Concentration on core business leads to one-off effects in first quarter results of SCHMOLZ + BICKENBACH Revenue increased by 2.3% despite lower sales volume Impairment losses and provisions

More information

FURTHER PROFIT GROWTH IN FIRST-HALF 2015

FURTHER PROFIT GROWTH IN FIRST-HALF 2015 FURTHER PROFIT GROWTH IN FIRST-HALF 2015 Net sales of 37.7bn, up +5.2% (+2.9% on an organic basis) Growth in Recurring Operating Income: 726m, +2.6% at constant rates Strong growth in adjusted net income,

More information

Nordex SE Conference Call FY 2014

Nordex SE Conference Call FY 2014 Nordex SE Conference Call FY 2014 Frankfurt 23 March 2015 AGENDA 1. Highlights Dr. Jürgen Zeschky 2. Operational progress Dr. Jürgen Zeschky 3. Financials 2014 Bernard Schäferbarthold 4. Market development

More information

Credit Suisse Global Health Care Conference. March 5, 2013

Credit Suisse Global Health Care Conference. March 5, 2013 Credit Suisse Global Health Care Conference March 5, 2013 Safe Harbor Statement This presentation contains forward-looking statements that are subject to various risks and uncertainties. Future results

More information

Press release March 5, 2015

Press release March 5, 2015 2014 FULL YEAR RESULTS: GROWTH MOMENTUM CONFIRMED Acceleration of organic sales growth Further growth in Recurring Operating Income, up by +10.6% Net income from continuing operations up by +24.6% Increase

More information

Speech of the Board of Management. General Shareholders Meeting, 17 June 2014

Speech of the Board of Management. General Shareholders Meeting, 17 June 2014 Speech of the Board of Management General Shareholders Meeting, 17 June 2014 AGENDA Overview of the financial year 2013 Steven Holland, CEO Financial figures 2013 Georg Müller, CFO 24/7 on time worldwide

More information

A Leading Global Health Care Group

A Leading Global Health Care Group A Leading Global Health Care Group Commerzbank Sector Conference September 8, 2014 For detailed financial information please see our annual/quarterly reports and/or conference call materials on www.fresenius.com/ir.

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

Integration Plan Unipol Fondiaria SAI. Presentation of the joint Business Plan to the financial community

Integration Plan Unipol Fondiaria SAI. Presentation of the joint Business Plan to the financial community Integration Plan Unipol Fondiaria SAI Presentation of the joint Business Plan to the financial community Bologna, December 20th, 2012 Context Today, the Board of Directors of Unipol Assicurazioni, Premafin,

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

Presentation of Grupo ACS. September 2009

Presentation of Grupo ACS. September 2009 Presentation of Grupo ACS September 2009 Strategic vision A global leader in infrastructure development In the fields of civil and industrial engineering activities With sustainable and profitable growing

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

Why Credit Suisse? Private Banking & Wealth Management 3Q2014

Why Credit Suisse? Private Banking & Wealth Management 3Q2014 Why Credit Suisse? Private Banking & Wealth Management 3Q2014 October 2014 Disclaimer Cautionary statement regarding forward-looking statements This presentation contains forward-looking statements that

More information

Management Presentation Q3/2012 Results. 7 November 2012

Management Presentation Q3/2012 Results. 7 November 2012 Management Presentation Q3/2012 Results 7 November 2012 Cautionary statement This presentation contains forward-looking statements which involve risks and uncertainties. The actual performance, results

More information

Driving Profitable Growth

Driving Profitable Growth DSM STRATEGY 2018 Driving Profitable Growth GERALDINE MATCHETT - CFO ROYAL DSM CAPITAL MARKETS DAY 4 NOVEMBER 2015 AMSTERDAM Safe harbor statement This presentation may contain forward-looking statements

More information

SCOR completes a very good second quarter 2011, with a net income of EUR 120 million

SCOR completes a very good second quarter 2011, with a net income of EUR 120 million N 25 2011 (p.1/6) For further information, please contact: Co Jean-Charles Simon / Géraldine Fontaine +33 (0) 1 46 98 73 17 Communications and Public Affairs Antonio Moretti +44 (0) 203 207 85 62 Investor

More information

1Q 2014 Results. May 8, 2014

1Q 2014 Results. May 8, 2014 1Q 2014 Results May 8, 2014 Opening remarks Italian and Iberian operations EBITDA up by 7%, despite weak demand and negative regulatory framework in Spain Strong increase in demand in Latam, up by ca.

More information

PART IV. FINANCE CMD 16

PART IV. FINANCE CMD 16 PART IV. FINANCE 1 FINANCE IN SUPPORT OF STRATEGY Bernard DELPIT Group CFO 2 FINANCE IN SUPPORT OF STRATEGY Conservative accounting supporting transparency Hedging policy protecting performance Disciplined

More information

2015 FIRST QUARTER RESULTS. 13 May 2015

2015 FIRST QUARTER RESULTS. 13 May 2015 2015 FIRST QUARTER RESULTS 13 May 2015 Safe Harbor Statement This Presentation contains certain forward-looking statements. Forward-looking statements concern future circumstances and results and other

More information

A Leading Global Health Care Group

A Leading Global Health Care Group A Leading Global Health Care Group JP Morgan Milan Investor Forum October 1, 2015 For detailed financial information please see our annual/quarterly reports and/or conference call materials on www.fresenius.com/ir.

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

Q1 2010 Results Analyst Presentation Henk van Dalen, CFO 3 May 2010

Q1 2010 Results Analyst Presentation Henk van Dalen, CFO 3 May 2010 Q1 2010 Results Analyst Presentation Henk van Dalen, CFO 3 May 2010 Overall trading conditions continue to improve GROUP Operating income 251 million ( 163 million in Q1 20); quarter benefited from four

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

Klöckner & Co SE. FY 2013 Results

Klöckner & Co SE. FY 2013 Results Klöckner & Co SE A Leading Multi Metal Distributor Gisbert Rühl CEO FY 2013 Results Press Conference March 6, 2014 Disclaimer This presentation contains forward-looking statements which reflect the current

More information

Health Care Worldwide. Citi - European Credit Conference September 24, 2015 - London

Health Care Worldwide. Citi - European Credit Conference September 24, 2015 - London Health Care Worldwide Citi - European Credit Conference September 24, 2015 - London Safe Harbor Statement This presentation contains forward-looking statements that are subject to various risks and uncertainties.

More information

2013 Second Quarter Review July 26, 2013 1

2013 Second Quarter Review July 26, 2013 1 213 Second Quarter Review July 26, 213 1 Panalpina Group Basel, July 26, 213 213 Second Quarter Review 213 Second Quarter Review July 26, 213 2 Highlights and key figures Operating and financial review

More information

Interim financial report third quarter 2014 Investor presentation. Koen Van Gerven, CEO Pierre Winand, CFO

Interim financial report third quarter 2014 Investor presentation. Koen Van Gerven, CEO Pierre Winand, CFO Interim financial report third quarter 204 Investor presentation Koen Van Gerven, CEO Pierre Winand, CFO Brussels November, 4th 204 Investor presentation - Interim financial report 3Q4 2 Financial Calendar

More information

News Release. Zurich reports continued strong operating performance for the first six months of 2008

News Release. Zurich reports continued strong operating performance for the first six months of 2008 News Release Zurich reports continued strong operating performance for the first six months of 2008 Zurich Financial Services Mythenquai 2 8022 Zurich Switzerland www.zurich.com SWX Swiss Exchange/ SWX

More information

A LEADING GLOBAL HEALTHCARE COMPANY

A LEADING GLOBAL HEALTHCARE COMPANY A LEADING GLOBAL HEALTHCARE COMPANY Roadshow Boston March 2, 2016 Frankfurt stock exchange (DAX30): FRE US ADR program (OTC): FSNUY www.fresenius.com/investors SAFE HARBOR STATEMENT This presentation contains

More information

Conference Call Preliminary Full-Year Results 2014

Conference Call Preliminary Full-Year Results 2014 Conference Call Preliminary Full-Year Results 2014 Joachim Kreuzburg, CEO January 27, 2015 Disclaimer This presentation contains statements concerning the future performance of the Sartorius Group and

More information

Drägerwerk AG & Co. KGaA Analyst Conference 2015. Frankfurt, March 11, 2015

Drägerwerk AG & Co. KGaA Analyst Conference 2015. Frankfurt, March 11, 2015 Drägerwerk AG & Co. KGaA Analyst Conference 2015 Frankfurt, March 11, 2015 Disclaimer This presentation does not constitute an offer of securities for sale or a solicitation of an offer to purchase any

More information

H1 2012 I Düsseldorf, 10 August 2012. International Technology Group for Defence and Automotive

H1 2012 I Düsseldorf, 10 August 2012. International Technology Group for Defence and Automotive I Düsseldorf, 10 August 2012 International Technology Group for Defence and Automotive Rheinmetall Group Rheinmetall Group Key messages Sales increased by 9% Solid earnings: EBIT on previous year s level,

More information

1Q 2016 Results Update Analyst Presentation

1Q 2016 Results Update Analyst Presentation 1Q 2016 Results Update Analyst Presentation May 12, 2016-6.00 PM CET Disclaimer This presentation contains forward-looking statements regarding future events and results of the Company that are based on

More information

Financial Results Q1 2014. Jacques Purnode, Chief Finance Officer

Financial Results Q1 2014. Jacques Purnode, Chief Finance Officer Financial Results 2014 Jacques Purnode, Chief Finance Officer Forward Looking Statements This Presentation may include forward-looking statements. Forward-looking statements are statements regarding or

More information

Credit Suisse - Global Health Care Conference. March 1, 2012

Credit Suisse - Global Health Care Conference. March 1, 2012 Credit Suisse - Global Health Care Conference March 1, 2012 Safe Harbor Statement This presentation contains forward-looking statements that are subject to various risks and uncertainties. Future results

More information

BlackBerry Reports Strong Software Revenue and Positive Cash Flow for the Fiscal 2016 First Quarter

BlackBerry Reports Strong Software Revenue and Positive Cash Flow for the Fiscal 2016 First Quarter FOR IMMEDIATE RELEASE June 23, BlackBerry Reports Strong Software Revenue and Positive Cash Flow for the Fiscal 2016 First Quarter Waterloo, ON BlackBerry Limited (NASDAQ: BBRY; TSX: BB), a global leader

More information

A N N U A L RESULTS 27 FEBRUARY 2015 WELCOME TO THE ANNUAL PRESS CONFERENCE!

A N N U A L RESULTS 27 FEBRUARY 2015 WELCOME TO THE ANNUAL PRESS CONFERENCE! A N N U A L RESULTS 27 FEBRUARY 2015 WELCOME TO THE ANNUAL PRESS CONFERENCE! A N N U A L RESULTS 27 FEBRUARY 2015 TOM ENDERS I Chief Executive Officer HARALD WILHELM I Chief Financial Officer MARWAN LAHOUD

More information

Health Care Worldwide

Health Care Worldwide Health Care Worldwide Credit Suisse Global Credit Products Conference September 18, 2014 Miami Credit Suisse Global Credit Products Conference, September 18, 2014 Copyright Page 1 Safe Harbor Statement

More information

Company announcement from Vestas Wind Systems A/S

Company announcement from Vestas Wind Systems A/S Company announcement from Aarhus, 9 February 2016 Company announcement No. 3/2016 Page 1 of 9 Annual report 2015 - Yet another year with strong financial and operational results Summary: For full-year

More information

Zebra Technologies Announces Record Sales for Second Quarter of 2006

Zebra Technologies Announces Record Sales for Second Quarter of 2006 FOR IMMEDIATE RELEASE Zebra Technologies Announces Record Sales for Second Quarter of 2006 Vernon Hills, IL, July 26, 2006 Zebra Technologies Corporation (NASDAQ: ZBRA) today announced that net income

More information