Talgo Sa · BME:TLGO
Talgo Sa — Q1 2015 Earnings Presentation
6 slides from Talgo Sa's earnings presentation, May 12, 2015
Slide 1: First Quarter 2015 Results (January-March)
First Quarter 2015 Results (January-March) Madrid, May, 12th 2015
Slide 2: Q1 2015 Highlights
1. Q1 2015 Highlights Backlog of c. €3,786m as of March, 31st 2015 New Order Intake of €176m from Damman-Ryhad project award All projects at budgeted margins and on time Q1 2015 Net Turnover +9.2% vs. Q1 2014 Q1 2015 Adj. EBIT +25.8% vs. Q1 2014 Q1 2015 Adj. EBIT margin of 19.2% vs. Q1 2
Slide 3: Summary Profit and Loss Account
2. Summary Profit and Loss Account Consistent with historical quarterly reporting, Talgo´s recognition of turnover is not evenly € Thousand 1Q15 1Q14 Var % 2014 spread over the quarters in the year, and depends Total net turnover 86,532 79,250 9.2% 384,311 on the size, timing and phase of the manu
Slide 4: Outlook
3. Outlook FY 2015E in line with budget Guidance provided at IPO remains unchanged Expected cumulative backlog completion of c. 30-35% during 2015 and 2016 New contract pipeline continues to be very robust 4
Slide 5: Appendix. Detailed overview of Profit and Loss Account
Appendix. Detailed overview of Profit and Loss Account €thousand 1Q15 1Q14 Var % 2014 Total net turnover 86,532 79,250 9.2% 384,311 Other income 0,817 1,206 -32.3% 15,910 Procurement costs (34,265) (35,279) -2.9% (180,809) Employee welfare expenses (24,190) (23,291) 3.9% (104,556) Consistent with
Slide 6: Disclaimer
Disclaimer This presentation has been prepared and issued by Talgo, S.A. (the “Company”) for the sole purpose expressed therein. Therefore, neither this presentation nor any of the information contained herein constitutes an offer sale or exchange of securities, invitation to purchase or sale shares