Ordinary and Extraordinary Annual Shreholders Meeting

Size: px

Start display at page:

Download "Ordinary and Extraordinary Annual Shreholders Meeting"

Jack Anthony
10 years ago
Views:

1 Ordinary and Extraordinary Annual Shreholders Meeting April 24th 2014 Abridged Version

2 Group overview Vianini Lavori is one of the main Italian General Contractors and it operates in the large infrastructure, water and highways concessions industries. The Group has always operated around the world and in the last few years it has focused its business in Italy adding to the traditional civil engineering activity the water and highways concessions business in strategic sectors. Large construction projects Subway Line C - Rome Subway Line B - Rome Subway Naples Livorno-Civitavecchia Highway Concessions SAT 24.9 % Acqua Campania Grandi Stazioni 47.9 % % (1) Strategic investments Cementir Holding 25.5 % Generali 0.07% ACEA 7.9% Turin rail link 1. Indirectly owned through 32.7% of Eurostazioni SpA, which owns 40% of Grandi Stazioni SpA 2

concessions business in strategic sectors. Large construction projects Subway Line C - Rome Subway Line B - Rome Subway Naples Livorno-Civitavecchia Highway Concessions SAT 24.

3 Strategic drivers Growth in core business Focus on core construction business where the Group boasts a well-established experience and a solid track record especially in large infrastructure projects (Rome Subway Line C, Rome Subway Line B, highways and tunnels, SAT) Profitability improvement Selective approach in new projects tendering in order to maximize profitability whilst minimizing associated risk New organizational structure New organization to support strategic growth objectives both domestically and abroad Geographic and portfolio diversification Seeking opportunities in new potential ti markets where other Group companies are presents (Turkey) and in other areas considered of strategic interest 3

maximize profitability whilst minimizing associated risk New organizational structure New organization to support strategic growth objectives both domestically and abroad

4 Core business Order Backlog The order backlog at December 31, 2013 is equal to 1.7 billion, of which main projects are: Livorno Civitavecchia Highway (39% of total) Subway Line C of Rome (22% of total) Subway Line B of Rome (11% of total) Order Backlog as of 31/12/2013 million Livorno Civitavecchia Highway 690,1 Rome Metro C 365,6 Rome Metro B Extension 183,7 Eur M PortafoglioLavori Order Backlog at 31/12/2012 Eur M euro Milioni Highways A1 Variante di Valico 27,7 Metro Naples 28,9 824 Residential Construction 285,8 Other 76,4 Total

(11% of total) Order Backlog as of 31/12/2013 million Livorno Civitavecchia Highway 690,1 Rome Metro C 365,6 Rome Metro B Extension 183,7 Eur M

5 Core Business Metro C - Rome General Contracting Project worth over 3 billion Construction of 25,5 km of subway lines and 30 stations around 30 meters below ground 30 fully automated trains and passenger capacity 70% financed by State, 18% by Rome municipality and 12% by Lazio Region 5

30 meters below ground 30 fully automated trains and 1.

6 Core business Highway Concessions: SAT Vianini Lavori has a 24.89% stake in Società Autostrada Tirrenica (SAT), which owns the construction and concession of A12 Livorno Civitavecchia Highway Livorno - San Pietro in Palazzi, Highway (around 40 Km), first trunk of Livorno Civitavecchia, is already in operation The remaining trunk Rosignano - Civitavecchia (around 242 Km) is under construction and requires investments of around 700m over 5 years (Vianini Lavori share) This investment t is an important t first step in the strategic development of the highway concessions sector 6

Pietro in Palazzi, Highway (around 40 Km), first trunk of Livorno Civitavecchia, is already in operation The remaining trunk Rosignano -

7 Income statement highlights In 2013 all economic KPIs improved, as well as associates contribution Euro (000) Operating Revenues EBITDA EBITDA Margin 5.2% 1,6% D&A EBIT EBIT Margin 5,2% 1,8% Associates Net Financial Result (6.918) (2.947) Pretax Taxes (2.167) (1.064) Net Income Net Income/Operating Revenues 10,1% 2,9% 7

2% 1,6% D&A 5 402 EBIT 9.109 3.906 EBIT Margin 5,2% 1,8% Associates 13.486 6.

8 Net Financial Position and Book Value Financial strength is one of Vianini Lavori s main features Posizione Finanziaria Netta Net Financial Position - EUR M Patrimonio Book Value Netto - EUR M

Netto - EUR M 485.4 523.8 576.1 559.7 571.3 614.5 614.0 549.1 554.8 404.7 424.44 128.9 197.

9 Core Business Concessions Stake: 47.9 % Euro (000) Revenues Ebit Net Income Book Value Stake : % Euro (000) Revenues Ebit Net Income Book Value

491 Stake : 13.08 % Euro (000) 2009 2010 2011 2012 Revenues 206.336 191.577 198.933 196.378 Ebit 50.

10 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 of an offer to purchase or sell any financial instrument. This presentation is being distributed to professional investors only and should not be reproduced, redistributed or published in whole or in part. For any further information please contact our Investor Relations Office: Tel

11 Ordinary and Extraordinary Annual Shareholders Meeting April 24th 2014 Abridged version

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