September 30, 2014 Results Presentation
|
|
- Stewart Porter
- 7 years ago
- Views:
Transcription
1 Riservato & Confidenziale September 30, 2014 Results Presentation December 5 th, 2014 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 Introduction 4 Page Financial Highlights 6 Q&A 17 Appendix 18 3
4 Introduction We have implemented quarterly accounting and related reporting procedures beginning from January As a result, in compliance with Section 4.02., paragraph 2 of the Indenture, and with paragraph 2, page 181 of the Offering Memorandum, CMC di Ravenna does not provide quarterly consolidated financial information for FY It will begin to show comparable quarterly figures beginning Q Comparable FY 2013 consolidated financial statements have been included in the H report, and will be included in the FY 2014 report. Total turnover and construction revenue in line with expectations to 772m and 743m respectively Italy generated 46% of construction revenue due to an higher revenue generation stage achieved on three large Transport Infrastructure projects. Overseas revenue represented 54% of construction revenue, with higher contribution from Asia, USA and Chile and Angola joining our core Southern Africa EBITDA margin improving and reaching 11.6% in Q3 2014, bringing the 9M 2014 EBITDA margin to 11.0% vs 10.2% for FY2013 Adjusted Net Financial Position increased to 430.0m from 403m in June 2014 and 406.5m in December 2013 mainly due to the 300m Notes transaction fees, costs related to the early repayment of existing debt, capital expenditures and a seasonal increase of working capital Adjusted Net working capital increased by 28.2m compared to June 2014 due to higher work in progress, but still 16.2m lower than in December 2013 Capex of 71m for the first nine months 2014 mainly due to the purchase of TBMs and other heavy equipment for new projects in Italy, Mozambique, Chile, Nepal and USA, and the choice of lease and buy-back contracts vs rental Based on LTM managerial accounts, the results confirm a positive trend in both margins and leverage ratios and, as a result, our guidance targets for the FY2014 remain unchanged. Maintained backlog level at 3.2b compared to June 2014, with a 7% increase from December 2013 Secured new orders for million in the first nine months 2014, including 240.0m for the construction of a dam in Kenya and 179.9m of new orders in Italy in Q only 4
5 Introduction 4 Page Financial Highlights 6 Q&A 17 Appendix 18 5
6 Financial Highlights Income Statement Q YTD to Sep 2014 FY 2013 Comment Total turnover ,015.6 Construction revenue Italy International EBITDA EBITDA Margin 11.6% 11.0% 10.2% Net Income % in Italy, mainly driven by: Motorway Agrigento/Caltanissetta Milan external ring road Quadrilatero Umbria/Marche 54% overseas mainly driven by: Ingula hydroelectric plant Singapore metro downtown line 3 Increased profitability with EBITDA margin achieving 11% in the 9M 2014 Net income 9M 2014 just below 12M 2013 despite higher interest charges Balance Sheet Adj. Net fin. position Sep 2014 Jun 2014 Dec Comment Bond fees and higher leases Adj. Net working capital Slight increase due to seasonality Net financial position Net working capital Reimbursed 78m of recourse factoring from December Increased due to lower recourse factoring Cash Flow Q YTD to Sep 2014 FY 2013 Comment - CF from operations (53.7) CF from investing (13.3) (71.0) (50.8) -CF from financing Total cash flow (4.1) CF from operations affected by lower utilisation of recourse factoring Higher use of equipment lease & buy-back vs rental Recourse factoring replaced with on-balance sheet debt 6
7 Financial Highlights Backlog Sep 2014 Jun 2014 Dec 2013 Comment - Italy - International Total Backlog , , , , , , ,970.9 Maintained high and more diversified backlog 52% Italy, thanks to significant orders secured in transport infrastructure and buildings business areas Breakdown by area Intl. 47.8% Italy 52.2% Intl. 50.3% Italy 49.7% Intl. 44.7% Italy 55.3% 48% International, also due to large 240m new order secured in Kenya New Orders Q YTD to Sep 2014 FY 2013 Comment - Italy International Total new orders , m Catania underground 105m new share Ag/Ca motorway 63m exploratory tunnel Lyon-Turin 240m dam in Kenya 37m Massingir dam in Mozambique 7
8 Backlog q +7.2% compared to December 31, 2013, substantially unchanged compared to June 30, Dec-13 Jun-14 Sep-14 1,688 1,611 1,674 Dec-13 Jun-14 Sep Dec-13 Jun-14 Sep Jun-14 Sep-14 0 Dec-13 Backlog 3,184 3,173 2,971 Dec-13 Jun-14 Sep Dec-13 Jun-14 Sep-14 Italy 52% Europe 1% North America 2% South America 2% Eastern Africa 8% Northern Africa 8% Dec-13 Jun-14 Sep-14 Mining and Waste Treatment 4% Water Control and Marine 2% Building 9% Asia 7% Southern Africa 20% Water and Irrigation 19% Transport 66% Dec-13 Jun-14 Sep-14 q Increase in Italy from June thanks to 179m of new orders secured in Q q N e w m o r d e r s e c u r e d f o r t h e construction of a dam in Kenya q New order in Mozambique for the construction of a 37m dam q 69m of new orders in USA, of which 29m in Q
9 New Orders Confirmed capabilities to maintain orders in Italy and overseas. New backlog already approaching 1 billion. Key new orders Italy Acquisition of the share previously owned by the shareholder Iter of section 2 of the SS640 Agrigento-Caltanissetta (Sicily). Project extension value: 105 million (CMC s share 100%) Supply, transport and installation of natural disaster housing units in Northern and Central Italy for the Italian Department of Civil Protection. Project value: 54.8 million (CMC s share: 90%) 2 sections (Stesicoro-Aeroporto e Nesima-Misterbianco) of the local underground. Project value: Nesima section: 80.3 million (100% CMC); Stesicoro section: 58.6 million (CMC s share 70%) Exploratory tunnel for the Lyon-Turin high-speed railway. Project value: approximately 500 million (CMC s share 16%) Lingotto-Bengasi (Line 1) section of the Turin underground. Project value: approximately 63 million (CMC s share 60%) New Backlog 451.3m Kenya Itare dam and related water treatment facilities for the Rift Valley Water Services Board. Project value: approximately 240 million (100% CMC share) 240.0m Mozambique USA Rehabilitation of the Massingir dam for the Ministry of Public Infrastructure. Project backed by the African Development Bank. Porject value: 37 million (100% CMC s share) Improvement of rail crossings of the South Coast Rail, Boston area. Project value 12.2 million; CMC s share 100%); Rehabilitation Merrimack River bridge, Boston area. Project value: 15.5 million (100% CMC) Additional minor projects for a total of approximately 41.3 million; 37.0m 69.0m Other Additional works on Ingula project. Value: 48.3 million Additional works on Motorway Algeria. Value: 30 million Additional works on Quighai hydro-tunnel. Value: 17.9 million Others. Value: 64.8 million 161.0m 958.3m 9
10 Construction revenue More diversified with increased contribution from Asia, USA and Chile Q3-14 9M-14 FY-13 Q3-14 9M-14 FY Q3-14 9M-14 FY Q3-14 9M-14 FY Q3-14 9M-14 FY Q3-14 9M-14 FY-13 Construction revenue Q3-14 9M-14 FY-13 Europe 2% North America 7% South America 1% Northern Africa 1% Asia 13% Italy 46% Sothern Africa 30% Mining and Waste Treatment 1% Water Control and Marine 4% Building 14% Water and Irrigation 22% Transport 59% Main drivers: Ingula hydro-plant ( 111m) Motorway Agrigento/Caltanissetta ( 92m) Quadrilatero Umbria Marche ( 74m) Singapore metro line 3 ( 53m) External ring road Milan ( 46m) Resumed works in Angola thanks to guarantee provided by SACE 10
11 Margins Increasing profitability both in Italy and Ovreseas Profitability analysis EBITDA margin reaching 11.0% in the nine months to September 2014, with a 11.6% reported in third quarter. Contribution margin higher in the first nine months both in Italy and Overseas. In particular, contribution margin in Southern Africa back to normal after temporary suspension of a section of the Ingula project % 11.0% 10.2% % 7.7% 7.2% 6.3% 5.7% 5.1% 4.4 EBITDA Contribution Margin EBIT Net income Q M 2014 FY Increased contribution from highly profitable International projects in Asia and USA. EBIT margin in the nine months to September 2014 higher than in FY Net income already only slightly below level reported for FY 2013 (12M) despite higher interest charges Contribution margin by area* % 3.7% 2.5% 11.0% 11.7% 11.2% Italy Q M 2014 FY 2013 International * Calculated on construction revenue in Italy and overseas, respectively. 11
12 Working Capital Adjusted Net Working Capital below December 2013 level Working Capital Analysis 364 Receivables factored with recourse to be added back from next FY Report according to an update in the Italian Gaap Inventories Work in progress Receivables Advances Suppliers Other op. net assets NWC Adjusted NWC Dec 13 Jun 14 Sep 14 Adjusted Net Working Capital increased by 28.2 million from June, but is still 16.2 below December 2013 levels. Net Working Capital significantly affected by a drop in the utilisation of recourse factoring ( -78.2m vs December 2013 and -67.2m vs June). To provide a more meaningful representation of the trend in our operating capital requirement, we present an Adjusted Net Working Capital, where receivables factored with recourse have been added back to our balance sheet. The adjustment also implements a change in the Italian Gaap (Oic 15), introduced in August 2014, which requires recourse factoring to be added back to both liabilities and receivables, starting from the 2014 annual report, and recommends the restatement for previous years to provide a better comparison and improve the true and fair view of financial statements. 12
13 Capex Significant capital expenditures due to higher utilisation of equipment lease & buy-back vs equipment rental Capital Expeditures* Intangible Tangible Financial -1.2 Total Capex Q M 2014 FY 2013 * Net of capital disposals during the period Capital expenditures in intangibles: mainly related to start-up and mobilization of projects in Italy, Algeria, South Africa, Zambia and Singapore Capital expenditures in tangible assets: TBMs and other heavy equipment for projects in Italy (Sicily), Mozambique, Chile, Nepal, and USA. In particular, the increase in Q is mainly due to the decision to enter into a lease-back agreement (vis-à-vis a rental agreement) for the TBM machine required for the Motorway SS640 Agrigento/Caltanissetta section 2 project. Capital expenditures in financial assets: mainly related to an inter-company loan to an associated company for the Quadrilatero Umbria Marche project 13
14 Net Financial Position Net Financial Position Analysis RCF Other current fin. debt Senior Notes Other noncurrent fin. debt Liquid assets Net financial position Recourse factoring Shareholders' loan PREPs Adj. Net financial position Dec 13 Jun 14 Sep 14 Adjusted net financial position is 27.0 million higher in September than in June 2014, mainly due to the following factors: 300 million Notes transaction fees ( 7.9m) Loans prepayment charges ( 0.5 million) Accrued interest on reimbursed loans ( 1.6m) Capital expenditures ( 13.3m) Debt structure reflecting the issuance of the 300 million Notes. In particular, the reimbursement of a significant portion of recourse factoring and its replacement with on-balance sheet debt led to a 43.3m increase in our Net financial position, although it had no effect on our Adjusted Net financial position. Leverage ratios based on managerial LTM accounts confirm a positive trend and are in line with management expectations 14
15 Cash flow Cash Flow Analysis CF from Operations CF from Investing CF from Financing Total CF Q M 2014 FY 2013 Cash flow from operations still positive in September 2014 despite significant drop in utilisation of recourse factoring Cash flow from investing reflects increased utilisation of equipment lease and buyback contracts vs rental. Tangible capex programme for the year already almost completed. Cash flow from financing significantly higher due to the increase in utilization of credit lines, the replacement of a significant portion of recourse factoring with on-balance sheet debt and the increase of lease and buyback contracts for the purchase of TBMs 15
16 Introduction 4 Page Financial Highlights 6 Q&A 17 Appendix 18 16
17 Q&A 17
18 Introduction 4 Page Financial Highlights 6 Q&A 16 Appendix 18 18
19 Reclassified Consoldiated Income Statement Three months ended Sep 30, 2014 Nine months ended Sep 30, 2014 % on Total turnover % on Total turnover Revenue Other income and proceeds Total turnover Raw materials, comsumables and goods.. (47.2) (17.6) (142.6) (18.5) Services, lease and hire.. (129.9) (48.3) (365.6) (47.4) Personnel (44.9) (16.7) (127.5) (16.5) Provisions for risk and charges (6.9) (2.6) (30.9) (4.0) Other operating costs (8.7) (3.2) (20.7) (2.7) EBITDA Depreciation, amortisation and write-offs of receivables (14.3) (5.3) (40.5) (5.2) Operating profit Net financial income and charges (11.8) (4.4) (29.7) (3.8) Net extraordinary income and charges (0.5) (0.2) Income before tax Income taxes (0.3) (0.1) (5.0) (0.6) Income before minority interests Minority interests Consolidated net income
20 Reclassified Net Working Capital September 30, 2014 June 30, 2014 ( in million) December 31, 2013 Inventories Raw materials and consumables Work in progress and semi-finished products Finished products and goods Contract work in progress Receivables from clients Receivables from non-consolidated affiliates Other current assets Total current assets 1, Contractual advances payments from clients Advances Trade payables to suppliers Payables to non-consolidated affiliates Other current liabilities Reserves for risks and charges Total current liabilities Net Working Capital Recourse factoring Adjusted Net Working Capital
21 Reclassified Adjusted Net Financial Position December 31, 2013 June 30, 2014 Adjustments Pro-forma June 30, 2014 September 30, 2014 ( in million) Cash and cash equivalents (99.3) (135.3) 2.4 (132.9) (136.0) Short-term financial assets (3.8) (5.8) - (5.8) (1.4) Liquid assets. (103.1) (141.1) 2.4 (138.7) (137.4) Short-term bank loans and borrowings (127.6) Revolving Credit Facility Current portion of non-current borrowings (108.1) Other short-term debt Capitalized transaction costs - - (7.0) (7.0) - Current financial debt (242.7) Net current financial debt (240.3) (50.1) (14.5) Non-current bank loans and borrowings Senior Unsecured Notes Other non-current loans Non-current financial debt Total financial debt Net financial position Recourse factoring (59.7) Shareholder loans Preferred pooled shares (PREPs) Total adjustments (59.7) Adjusted net financial position LTM EBITDA Net financial position/ltm EBITDA 2.60x 2.64x 3.20x Adj. Net financial Position/LTM EBITDA 3.92x 3.79x 3.79x 21
22 Condensed Cash Flow Three months ended Sep 30, 2014 ( in million) Nine months ended Sep 30, 2014 Cash and cash equivalents at start of the period Cash flow generated by operating activities.. (53.7) 14.1 Cash flow generated by/(used in) investing activities.. (13.3) (71.0) Cash flow generated by/(used in) financing activities Cash and cash equivalents at the end of the period
23 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:
How To Improve Profits At Ccm
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 information2015 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 information2014 FIRST QUARTER RESULTS CONFERENCE CALL. May 15th, 2014
2014 FIRST QUARTER RESULTS CONFERENCE CALL May 15th, 2014 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 informationGamenet 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 informationCMC di Ravenna Guidance on FY2014 and Strategy Review
Riservato & Confidenziale CMC di Ravenna Guidance on FY2014 and Strategy Review March 9 th, 2015 Authorised and regulated by the Financial Conduit Authority Disclaimer THIS PRESENTATION IS NOT, NOR SHALL
More information2013 Third Quarter Review October 25, 2013 1
October 25, 213 1 Panalpina Group October 25, 213 213 Third Quarter Review October 25, 213 2 Highlights and key figures Operating and financial review Outlook Growth in profitability and margins in the
More information2013 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 information2015 FULL YEAR RESULTS CONFERENCE CALL. March 14th, 2016
2015 FULL YEAR RESULTS CONFERENCE CALL March 14th, 2016 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 informationThird quarter results as of December 31, 2014. Investor presentation
Third quarter results as of December 31, 2014 Investor presentation February, 26 th 2015 Disclaimer Certain statements included or incorporated by reference within this presentation may constitute forwardlooking
More informationHow To Make A Profit From Telecolumna.Com
FY 2015 Q1 Results Presentation Berlin, 12 May 2015 Disclaimer This document has been prepared by Tele Columbus AG(the"Company") solely for informational purposes. This presentation may contain forward-looking
More informationSAF-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 informationSumio Marukawa +81(3)6852-7102
Contact; TDK Corporation (Tokyo) TDK Corporation January 29, 2016 Corporate Communications Department Sumio Marukawa +81(3)6852-7102 Consolidated results (U.S. GAAP) for the 3rd quarter of FY March 2016
More informationDisclaimer. This document has been prepared by Tele Columbus AG (the "Company") solely for informational purposes.
Disclaimer This document has been prepared by Tele Columbus AG (the "Company") solely for informational purposes. This presentation may contain forward-looking statements. These statements are based on
More informationFocus 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 informationKuehne + Nagel International AG Analyst Conference Call Q1 results 2015. April 14, 2015 (CET 14.00) Schindellegi, Switzerland
Kuehne + Nagel International AG Analyst Conference Call Q1 results 2015 (CET 14.00) Schindellegi, Switzerland Forward-looking statements This presentation contains forward-looking statements. Such statements
More informationConsolidated and Non-Consolidated Financial Statements
May 13, 2016 Consolidated and Non-Consolidated Financial Statements (For the Period from April 1, 2015 to March 31, 2016) 1. Summary of Operating Results (Consolidated) (April 1,
More information2 N D Q U A R T E R 2 0 1 6. O s l o, 1 8 J u l y 2 0 1 6
2 N D Q U A R T E R 2 1 6 O s l o, 1 8 J u l y 2 1 6 Agenda Per A Sørlie, President & CEO Highlights Business areas Outlook Per Bjarne Lyngstad, CFO Financial performance 2 Highlights 2 nd quarter 216
More informationResults 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 informationEarnings Conference Call Q1 2016 Update Wednesday, May 25 th 2016
Earnings Conference Call Q1 2016 Update Wednesday, May 25 th 2016 These materials may not be used or relied upon for any purpose other than as specifically contemplated by a written agreement with Credit
More informationQ1/2015 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 informationNOBINA AB INVESTOR PRESENTATION, Q3, SEPTEMBER NOVEMBER 2015
NOBINA AB INVESTOR PRESENTATION,, SEPTEMBER NOVEMBER 2015 LARGEST PUBLIC TRANSPORT COMPANY IN THE NORDIC REGION Nobina s economies of scale, market expertrise and outstanding bus fleet, combined with long-term
More informationDeutsche 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 informationEUROPE S LEADING ONLINE FASHION DESTINATION Q1 2015 Earnings Call 12 May 2015
EUROPE S LEADING ONLINE FASHION DESTINATION Q1 2015 Earnings Call 12 May 2015 Results highlights and business update 1 REACCELERATED REVENUE GROWTH WHILE PROFITABILITY IMPROVEMENTS CONTINUE Strong Revenue
More information1H 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 informationKuehne + Nagel International AG Analyst Conference Call First quarter 2016 results. April 19, 2016 (CET 14.00) Schindellegi, Switzerland
Kuehne + Nagel International AG Analyst Conference Call First quarter 2016 results April 19, 2016 (CET 14.00) Schindellegi, Switzerland Forward-looking statements This presentation contains forward-looking
More informationDowner 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 information2013 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 informationFinancial 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 informationEUROPE S LEADING ONLINE FASHION DESTINATION Q3 Earnings Call 26 November 2014
EUROPE S LEADING ONLINE FASHION DESTINATION Q3 Earnings Call 26 November 2014 Results highlights and business update 1 CLEAR FOCUS ON EXECUTION Continued strong revenue growth above market (Revenue in
More informationHudson Highland Group
Hudson Highland Group Investor Presentation RW Baird Conference February 28, 2007 1 Forward Looking Statements Please be advised that except for historical information, the statements made during this
More informationConference 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 informationKuehne + Nagel International AG Analyst Conference Call Full-year 2015 results. March 2, 2016 (CET 14.00) Schindellegi, Switzerland
Kuehne + Nagel International AG Analyst Conference Call Full-year results March 2, 2016 (CET 14.00) Schindellegi, Switzerland Forward-looking statements This presentation contains forward-looking statements.
More informationConference 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 informationFull Year Results 2012. Conference Call Presentation, 21 st March 2013
Full Year Results 2012 Conference Call Presentation, 21 st March 2013 0 Disclaimer This presentation may contain forward-looking statements based on current assumptionsandforecastsmadebybrenntag AG and
More informationEUROPE S LEADING ONLINE FASHION DESTINATION Q3 2015 Earnings Call 12 November 2015
EUROPE S LEADING ONLINE FASHION DESTINATION Q3 2015 Earnings Call 12 November 2015 Results highlights and business update 1 ACCELERATING GROWTH THROUGH TARGETED INVESTMENTS Strong Growth revenue accelerates
More informationThird 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 information2015 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 informationTomTom Q4 2012 results. Harold Goddijn CEO Marina Wyatt CFO 12 February 2013
TomTom Q4 2012 results Harold Goddijn CEO Marina Wyatt CFO 12 February 2013 Summary of results Revenue of 1,057 million and adjusted EPS of 0.40 PND market performed as expected Automotive affected by
More informationFull 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 informationAPX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2015 RESULTS
APX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2015 RESULTS First Quarter 2015 Financial and Portfolio Highlights APX Group Reports Total Revenue of $149.9 Million, up 14.9% Year over Year Adjusted EBITDA
More informationConfirmation Code: 2977298
DATE: 26 February 2014 Attached is the Presentation regarding Pact s Interim Financial Results for the half-year ended 31 December 2013. The Presentation will occur at 10am (Melbourne time) today. Dial
More informationFull 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 informationPolimex-Mostostal Group results 1-3Q 2012
Polimex-Mostostal Group results 1-3Q 2012 In accordance with reviewed condensed consolidated financial statement for the 3rd quarter 2012 Stipulation The following presentation ("Presentation") has been
More informationHMS 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 informationHelmut Engelbrecht, Chief Executive of URENCO Group, commenting on the half-year results, said:
news release 3 September 2014 URENCO Group Half-Year 2014 Unaudited Financial Results London 3 September 2014 URENCO Group ( URENCO or the Group ), an international supplier of uranium enrichment and nuclear
More informationAPX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2014 FINANCIAL RESULTS
APX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2014 FINANCIAL RESULTS 1st Quarter Financial Highlights Total revenues of $130.2 million for the first quarter 2014, an increase of 21.8%, compared to $106.9
More informationFirst 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 informationOverview of Business Results for the 2nd Quarter of Fiscal Year Ending March 31, 2012 (2Q FY2011)
November 8, 2011 Overview of Business Results for the 2nd Quarter of Fiscal Year Ending March 31, 2012 () Name of the company: Iwatani Corporation Share traded: TSE, OSE, and NSE first sections Company
More informationEUROPE 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 informationConsolidated Statements of Profit or Loss Ricoh Company, Ltd. and Consolidated Subsidiaries For the Years Ended March 31, 2014 and 2015
Consolidated Statements of Profit or Loss Sales: Products 1,041,794 1,071,446 8,928,717 Post sales and rentals 1,064,555 1,068,678 8,905,650 Other revenue 89,347 91,818 765,150 Total sales 2,195,696 2,231,942
More informationSecond 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 informationAnnual 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 informationInterim Nine Months 2015 Results
1 February 2015 to 31 October 2015 Inditex continues to expand its global, fully integrated store and online sales platform. Strong operating performance: Store & Online sales in local currencies increased
More informationINVESTOR CALL RESULTS OF THE FISCAL YEAR 2014/15
INVESTOR CALL RESULTS OF THE FISCAL AR 2014/15 Mannheim, 13 May 2015 Oliver Windholz CEO Helmut Fischer CFO Disclaimer 2015 PHOENIX Pharmahandel GmbH & Co KG This document has been prepared by PHOENIX
More informationEarnings Release Q3 FY 2015 April 1 to June 30, 2015
Munich, Germany, July 30, 2015 Earnings Release FY 2015 April 1 to June 30, 2015 Solid performance, softening market environment»overall our businesses delivered solid underlying profitability despite
More informationJan-December 2014 Results. Madrid, May 2015
Jan-December 2014 Results Madrid, May 2015 January- December 2014 Highlights Reported Net profit exc. PPA reaches 8.3 million, from the -3.2 million losses accounted in 2013. 2014 has been a year of transformation
More informationIFGL 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 informationBDI BioEnergy Intern. 20.0 Neutral. Activity level in Q3 might not support FY estimates
8/11/1 8/1/11 8/3/11 8/5/11 8/7/11 8/9/11 8/11/11 8/1/12 8/3/12 8/5/12 8/7/12 8/9/12 MATELAN Research Preview Note Price as of 9/11/12: 8.69 12 November 212 Company / Sector Fair Value Recommendation BDI
More informationAlternative Networks plc Interim results for the six months to 31 March 2015
Alternative Networks plc Interim results for the six months to 31 March 2015 Edward Spurrier, Chief Executive Officer Mark Quartermaine, Chief Operating Officer (CEO Designate) Gavin Griggs, Chief Financial
More informationKuehne + Nagel International AG Analyst Conference Call Q1 Results 2014
Kuehne + Nagel International AG Analyst Conference Call Q1 Results 2014 April 14, 2014 Schindellegi, Switzerland Forward-Looking Statements This presentation contains forward-looking statements. Such statements
More informationSecond Quarter 2015 Earnings Conference Call
Second Quarter 2015 Earnings Conference Call NYSE: CVA JULY 22, 2015 Cautionary Statements All information included in this earnings presentation is based on continuing operations, unless otherwise noted.
More informationInterim 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 informationAsia Pacific Wire & Cable Company Reports Full Year 2013 Financial Results
Asia Pacific Wire & Cable Company Reports Full Year 2013 Financial Results Gross profit was $51.8 million, an increase of 2.6% from $50.5 million in FY2012 Cash flows from operations was $20.6 million,
More informationAdif - Alta Velocidad
Adif - Alta Velocidad Investor Presentation May 2014 Adif - Alta Velocidad Receipt of this presentation implies your agreement with the restrictions outlined below. NOTHING IN THIS PRESENTATION CONSTITUTES
More informationFLOW TRADERS REPORTS RECORD RESULTS IN THIRD QUARTER 2015
For immediate release FLOW TRADERS REPORTS RECORD RESULTS IN THIRD QUARTER 2015 AMSTERDAM, the Netherlands 13 November 2015. Flow Traders N.V. ( the Company or Flow Traders ) (Euronext: FLOW), a leading
More information2Q2014 IFRS Consolidated Financial Results. October 15, 2014
2Q214 IFRS Consolidated Financial Results October 15, 214 Alexander Ivannikov First Deputy Head of the Department for Finance and Economics 1 Disclaimers This presentation has been prepared by OJSC Gazprom
More informationFY 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 informationScotiabank Financials Summit September 4, 2014
Scotiabank Financials Summit September 4, 2014 Customers Capital Bank ~7,000 customers, high level of recurring revenue 2 Forward-Looking Statements This presentation contains certain statements that constitute
More informationConsolidated Statement of Profit or Loss
Consolidated Statement of Profit or Loss Sales: Products 864,699 1,041,794 $ 10,114,505 Post sales and rentals 941,610 1,064,555 10,335,485 Other revenue 79,686 89,347 867,447 Total sales 1,885,995 2,195,696
More informationB 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 information2014 HALF YEAR RESULTS 4 September 2014
862m H1 2014 Revenues 2014 HALF YEAR RESULTS 4 September 2014 57% of Revenues for International in H1 2014 21,657 Employees In H1 2014 Disclaimer This presentation contains forward-looking statements (as
More informationDETAILED Q1 2015 RESULTS FOR PROVEN WINNERS
DETAILED Q1 2015 RESULTS FOR PROVEN WINNERS FOOD & GROCERY GLOBAL ONLINE TAKEAW AY GROUP: DELIVERY HERO Key Financials (EURm) FY 2013 FY 2014 Net revenues 41.7 88.0 % margin 111.2% Gross profit 32.8 71.1
More informationCROSS RELEASE PXUPA ASX RELEASE
CROSS RELEASE PXUPA ASX RELEASE 19 August 2010 PaperlinX Limited ABN 70 005 146 350 307 Ferntree Gully Road Mt Waverley Victoria 3149 Australia Tel: +61 3 8540 2211 Fax: +61 3 8540 2255 PAPERLINX 2010
More informationFull-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 informationZayo Group Holdings, Inc. Reports Financial Results for the Third Fiscal Quarter Ended March 31, 2016
Zayo Group Holdings, Inc. Reports Financial Results for the Third Fiscal Quarter Ended March 31, 2016 Third Fiscal Quarter 2016 Financial Highlights $478.0 million of consolidated revenue, including $96.1
More informationFINANCIAL 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 informationHutchison Telecommunications Hong Kong Holdings Limited (Stock Code: 215) 2012 Annual Results Presentation. 19 March 2013
Hutchison Telecommunications Hong Kong Holdings Limited (Stock Code: 215) 212 Annual Results Presentation 19 March 213 Disclaimer These materials have been prepared by Hutchison Telecommunications Hong
More informationConference 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 informationKuehne + Nagel International AG Analyst Conference Call Nine-months 2015 results. October 13, 2015 (CET 14.00) Schindellegi, Switzerland
Kuehne + Nagel International AG Analyst Conference Call Nine-months results October 13, (CET 14.00) Schindellegi, Switzerland Forward-looking statements This presentation contains forward-looking statements.
More informationBrief Statement of the Third Quarter Financial Results for the Fiscal Year Ending March 2016 [Japanese GAAP (Consolidated)]
(Translation for reference only) In the event of any discrepancy between this translated document and the original Japanese document the original document shall prevail. Brief Statement of the Third Quarter
More informationSummary of Consolidated Business Results for the First Quarter of Fiscal 2015 For the fiscal year ending May 31, 2016
October 9, 2015 Summary of Consolidated Business Results for the First Quarter of Fiscal 2015 For the fiscal year ending May 31, 2016 Toyo Denki Seizo K.K. Stock Exchange: 1st Section of the Tokyo Stock
More informationHIGHLIGHTS FIRST QUARTER 2016
Q1-16 EUROPRIS ASA 2 CONTENTS / HIGHLIGHTS FIRST QUARTER 2016 HIGHLIGHTS FIRST QUARTER 2016 (Figures for the corresponding period of last year in brackets. The figures are unaudited.) Group revenues increased
More informationRESULTS 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 informationSappi Limited. Debt Update. September 2014. Sappi Debt Update June 2014
Sappi Limited Debt Update September 2014 1 Forward looking statements Certain statements in this release that are neither reported financial results nor other historical information, are forward-looking
More informationNordex 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 informationKlöckner & Co SE. Q3 2014 Results
Klöckner & Co SE A Leading Multi Metal Distributor Gisbert Rühl CEO Marcus A. Ketter CFO Results Analysts and Investors Conference November 6, Disclaimer This presentation contains forward-looking statements
More informationThird 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 information2015 annual results. 16 th March 2016
2015 annual results 16 th March 2016 Legal disclaimer Certain statements in this document are forward-looking statements. These forward-looking statements speak only as at the date of this document. These
More informationH1 2014 RESULTS AND BUSINESS UPDATE
H1 2014 RESULTS AND BUSINESS UPDATE Strong top line growth of 104% in GMV and margin improvement for Proven Winners Rocket Internet s performance on track and in line with expectations foodpanda grew into
More informationNordex 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 informationGjensidige Insurance Group Q4 2008 and preliminary 2008
Gjensidige Insurance Group Q4 2008 and preliminary 2008 Disclaimer The information contained herein has been prepared by and is the sole responsibility of Gjensidige Forsikring BA ( the Company ). Such
More informationConsolidated Financial Statements (For the fiscal year ended March 31, 2013)
Consolidated Financial Statements (For the fiscal year ended ) Consolidated Balance Sheets Current assets: Cash and deposits Other Assets Notes receivable, accounts receivable from completed construction
More informationGeoff 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 informationLudwigshafen, February 25, 2014
Ludwigshafen, February 25, 2014 Analyst Conference FY2013 Cautionary note regarding forward-looking statements This presentation may contain forward-looking statements that are subject to risks and uncertainties,
More informationNumericable 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 informationASML - Summary IFRS Consolidated Statement of Profit or Loss 1,2
ASML - Summary IFRS Consolidated Statement of Profit or Loss 1,2 Three months ended, Nine months ended, Sep 28, Sep 27, Sep 28, Sep 27, 2014 2015 2014 2015 Net system sales 884.5 975.3 3,157.5 3,356.3
More informationFull Year 2015 Results
Full Year 2015 Results 16 March 2016 Conference call on FY 2015 results Corporate Finance & Investor Relations AGENDA FY 2015 results presentation Highlights 2015 Financials 2015 Outlook 2016 Appendix
More informationFinancial 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 informationCONSOLIDATED PROFIT AND LOSS ACCOUNT For the six months ended June 30, 2002
CONSOLIDATED PROFIT AND LOSS ACCOUNT For the six months ended June 30, 2002 Unaudited Unaudited Note Turnover 2 5,576 5,803 Other net losses (1) (39) 5,575 5,764 Direct costs and operating expenses (1,910)
More informationNovember 4, 2015 Consolidated Financial Results for the Second Quarter of Fiscal Year 2015 (From April 1, 2015 to September 30, 2015) [Japan GAAP]
November 4, 2015 Consolidated Financial Results for the Second Quarter of Fiscal Year 2015 (From April 1, 2015 to September 30, 2015) [Japan GAAP] Company Name: Idemitsu Kosan Co., Ltd. (URL http://www.idemitsu.com)
More information