Ellaktor Sa · ATHEX:ELLAKTOR
Ellaktor Sa — FY2019 Earnings Presentation
14 slides from Ellaktor Sa's earnings presentation, 2020
Slide 1: FY 2019 Restricted Group Results
FY 2019 Restricted Group Results
Slide 2: FY 2019 Restricted Group Highlights (in €m)
FY 2019 Restricted Group Highlights (in €m) Revenues EBITDA • Restricted Group Revenues increased marginally by 0.8% to €358.9m, mostly as a result of increased revenues in Renewables (€64.0m vs €60.2m in 2018) • Restricted Group EBITDA amounted to €196.1m (vs €200.5m in 2018). The decrease is mostl
Slide 3: Business update by segment of Restricted Group
Business update by segment of Restricted Group +/- % vs FY18 • 401 MW installed capacity as of 31/12/2019, +35% vs 31/12/2018 (296 MW) Revenues EBITDA €m €m • As of today another 90 MW are in trial operation • 88 MW currently under construction. Although completion was initially targeted for 31/12/2
Slide 4: Consolidated P&L (in €m)
Restricted Group Consolidated P&L (in €m) 31/12/2019 31/12/2018 Δ (%) • Restricted Group Revenues increased marginally Revenues 358.9 356.0 0.8% by 0.8% to €358.9m, mostly as a result of EBITDA 196.1 200.5 -2.2% increased revenues in Renewables (€64.0m vs €60.2m in 2018) Margin (%) 54.7% 56.3% EBIT
Slide 5: Consolidated balance sheet (in €m)
Restricted Group Consolidated balance sheet (in €m) 31/12/2019 31/12/2018 Δ (%) Intangible assets 285.3 322.6 -11.6% • Intangible assets include the Concession Right from Property, plant and equipment 542.2 431.1 25.8% Attiki Odos and the decrease is due to the amortization of the Right Financial as
Slide 6: Consolidated cash flows (in €m)
Restricted Group Consolidated cash flows (in €m) • Operating cash inflows reached €81.2m vs €138.3m in 2018 and 31/12/2019 31/12/2018 decreased mainly due to Cash equivalents at start of period 288.1 275.0 o increase in receivables (includes € 22m advance for heavy maintenance works) Cash Flows from
Slide 7: Net debt by segment as at 31/12/18-31/12/19
Restricted Group Net debt by segment as at 31/12/18-31/12/19 Other Total Total Total Concessions (ELLAKTOR 31/12/2019 in € m Environment Renewables Attiki Odos Restricted Unrestricted ELLAKTOR Recourse &ELLAKTOR Group Group Group VALUE) Short-term Debt 0.6 9.9 27.9 1.3 13.2 53.0 61.8 114.7 Long-term
Slide 8: Segmental analysis of FY2019 vs FY2018 results (€m)
Restricted Group Segmental analysis of FY2019 vs FY2018 results (€m) Restricted Concessions Environment Renewables Other Group Revenues 359 / 356 207 / 209 87 / 86 64 / 60 0.5 / 0.6 FY2019 / +0.8% (0.9%) +1% +6% (23%) FY2018 EBITDA 196 / 201 148 / 140 7 / 26 50 / 42 (9) / (7) FY2019 / (2%) +6% (75%)
Slide 9: Renewables highlights
Renewables highlights Increase in Revenue, EBITDA and EBITDA% RES KPIs5 2016 2017 2018 20195 80 60 64 100% 45 50 42 50 Capacity2 60 31 33 80% (MW) 211 246 282 296 40 60% Operating 20 40% Capacity 0 20% factor 26.7% 25.3% 26.9% 27.1% 2016 2017 2018 2019 Availability 98.1% 98.2% 98.2% 97.2% Revenues E
Slide 10: Concessions highlights
Concessions highlights Attiki Odos strong performance continued in 2019 …as well as in other mature concessions Average daily traffic volumes Traffic volumes outpacing GDP growth Concession Life2 Stake (m) 4.7% • 17.0% 136 142 Average daily traffic volumes (000’s) Greek GDP growth (2014-2019)1 93 11
Slide 11: COVID–19 Implications & Risks for 2020 performance
COVID–19 Implications & Risks for 2020 performance • 1st semester 2020 is being impacted by the spread of the COVID-19 pandemic and the restrictive measures (lock-down) implemented by the governments • primary concern is to protect employees’ health and to prevent the spread of the virus as well as
Slide 12: Moving Forward
Moving Forward • Utilization of all available options for the protection of the Group and its people from the pandemic with a focus on the minimization of the economic impact to Group activities • Concessions, Renewables and Environment – the “Restricted Group” - continue to be the growth engines of
Slide 13: Disclaimer
Disclaimer This presentation has been prepared by ELLAKTOR S.A. (the“Company”). The information contained in this presentation has not been independently verified and no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, comple
Slide 14: Contact details
Contact details Emmanouil Christeas Group CFO e-mail: [email protected] Investor Relations Department e-mail: [email protected] ELLAKTOR S.A. 25, Ermou St., GR 145 64 Nea Kifissia, Greece Athens TEL.: +30 210 8185000 FAX : +30 210 8185001 e-mail: [email protected] website: www.ellaktor.com 13