Skip to main content FY 2014 Financial Results – Prysmian Group Investor Presentation | Shale Experts
Loading...
Pm

FY 2014 Financial Results – Prysmian Group

Prysmian Group · Feb 25, 2015 · 36 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. FY 2014 Financial Results – Prysmian Group – slide 1
    FY 2014 Financial Results Milan February 25th, 2015
  2. FY 2014 Financial Results – Prysmian Group – slide 2
    Agenda FY 2014 Highlights o Group overview o Results by business Financial results Appendix FY 2014 Financial Results 2
  3. FY 2014 Financial Results – Prysmian Group – slide 3
    FY 2014 Highlights Adj. EBITDA at 509m ( 603m excl. Western Link): guidance achieved Still weak market demand in cyclical businesses Strong growth in the Submarine business, solid recovery in Telecoms volumes and profitability…
  4. FY 2014 Financial Results – Prysmian Group – slide 4
    FY 2014 Key Financials Euro Millions, % on Sales Sales Adjusted EBITDA (1) Adjusted EBIT (2) +1.8%* -3.3%* 650 +2.7%* 613 603 494 7,574 465 459 6,995 6,901 509 6,840 365 8.6% 8.8% 8.7% 7.4% 6.5% 6.7% 6.7% 5.3% 2012…
  5. FY 2014 Financial Results – Prysmian Group – slide 5
    Adj.EBITDA and Organic Growth by business Profitability decline mainly due to WL issue. Sound recovery in Telecom, E&I at the bottom Adj. EBITDA ( million) and Organic Growth (% change vs. previous year) 613 603 509 248…
  6. FY 2014 Financial Results – Prysmian Group – slide 6
    Production capacity rationalization restarted 2 plants closed in 2014, 1 closure ongoing: improve saturation in Europe St.Petersburg (RUS) Wuppertal (GER) partial closure Amsterdam (NED) Derby (UK) Hickory (US) Eschweiler (GER)…
  7. FY 2014 Financial Results – Prysmian Group – slide 7
    Synergies Plan update Overheads (fixed costs) Procurement 175 Operations 140 85 120 70 60 155 65 140 45 30 100 45 45 45 30 45 13 6 25 10 15 7 5 Note: Cumulated synergies figures are not audited.…
  8. FY 2014 Financial Results – Prysmian Group – slide 8
    Agenda FY 2014 Highlights o Group overview o Results by business Financial results Appendix FY 2014 Financial Results 8
  9. FY 2014 Financial Results – Prysmian Group – slide 9
    Energy Projects Euro Millions, % on Sales Sales Highlights +1.7%* Submarine +6.5%* +6.1%* Double digit organic growth in FY14 excl. Western Link 1,416 1,360 1,355 1,250 Increase in profitability excl. Western Link; WL total…
  10. FY 2014 Financial Results – Prysmian Group – slide 10
    Leadership in submarine reconfirmed by projects awarded in 2014 Record visibility in Submarine Transmission Orders Backlog (m) 1bn submarine projects awarded in 2014 Submarine High Voltage 3,000 2,800 2,800 3 1 4 500 450…
  11. FY 2014 Financial Results – Prysmian Group – slide 11
    Energy & Infrastructure Euro Millions, % on Sales Sales Highlights -5.5%* Trade & Installers +2.7%* 3,139 2,747 2,677 Mid single digit organic growth in FY, softening from Q2, driven by volume recovery in Europe partly offset by…
  12. FY 2014 Financial Results – Prysmian Group – slide 12
    Industrial & Network Components Euro Millions, % on Sales Sales Highlights +2.1%* Specialties & OEMs -0.3%* Weak FY14 performance due to Europe and Americas; good trend in 1,849 1,788 1,708 APAC. Lower contribution from Mining,…
  13. FY 2014 Financial Results – Prysmian Group – slide 13
    Telecom Euro Millions, % on Sales Sales Highlights -15.4%* Optical, Connectivity & Fiber 1,202 +4.0%* Strong volume recovery in optical (FTTH/FTTA development and 986 994 backbone investments) with stabilization of prices in H2.…
  14. FY 2014 Financial Results – Prysmian Group – slide 14
    Telecom Positive expectations for 2015 in Europe and US Telecom optical volumes (2013=100) Consumption of fiber optic cable (fkm, CRU) CAGR +12% Market * Prysmian Europe 2013 2014 2015E CAGR +13% 122 125 116 100…
  15. FY 2014 Financial Results – Prysmian Group – slide 15
    Agenda FY 2014 Highlights o Group overview o Results by business Financial results Appendix FY 2014 Financial Results 15
  16. FY 2014 Financial Results – Prysmian Group – slide 16
    Profit and Loss Statement Euro Millions FY 2014 excl. WL Submarine WL submarine FY 2014 FY 2013 1) project effect project effect Sales 6,901 (61) 6,840 6,995 YoY total growth (1.3%) (2.2%) YoY organic growth 2.7% 1.8%…
  17. FY 2014 Financial Results – Prysmian Group – slide 17
    Extraordinary Effects Euro Millions 2) FY 2014 FY 2013 Antitrust investigation 31 6 Restructuring (48) (50) Price adjustments 22 - Other (18) (6) EBITDA adjustments (13) (50) Special items (40) (47) Gain/(loss) on metal…
  18. FY 2014 Financial Results – Prysmian Group – slide 18
    Financial Charges Euro Millions 2) FY 2014 FY 2013 Net interest expenses (87) (100) of which non cash Conv.Bond interest exp. (8) (6) Bank fees amortization (7) (8) Gain/(loss) on exchange rates (20) (27) Gain/(loss) on…
  19. FY 2014 Financial Results – Prysmian Group – slide 19
    Statement of financial position (Balance Sheet) Euro Millions 31 December 31 December 2014 2013 1) Net fixed assets 2,219 2,207 of which: intangible assets 561 588 of which: property, plants & equipment 1,414 1,390 Net working…
  20. FY 2014 Financial Results – Prysmian Group – slide 20
    Cash Flow Euro Millions 1) FY 2014 FY 2013 Adj.EBITDA 509 613 Non recurring items (13) (50) EBITDA 496 563 NFP 2010PF -2014 Net Change in provisions & others (53) (76) Share of income from investments in op.activities (43)…
  21. FY 2014 Financial Results – Prysmian Group – slide 21
    Dividend proposal Dividend proposed to the forthcoming Shareholders Meeting Total Shares (1) Dividend Per Share 0.42 Total payout: 90 millions 216,720,922 Ex-dividend date: 20 April 2015 Payment date: 22 April 2015 Shares…
  22. FY 2014 Financial Results – Prysmian Group – slide 22
    Agenda FY 2014 Highlights o Group overview o Results by business Financial results Appendix FY 2014 Financial Results 22
  23. FY 2014 Financial Results – Prysmian Group – slide 23
    New segment reporting SEGMENT ENERGY PRODUCTS ENERGY TELECOM PROJECTS REPORTED Industrial & Energy & Network Other Infrastructure Components Trade & OEMs & Optical, Connectivity Submarine Other Installers…
  24. FY 2014 Financial Results – Prysmian Group – slide 24
    New segment reporting Sales and Adj.EBITDA breakdowns Previous Segment Reporting New Segment Reporting Sales Sales Telecom Telecom Energy 14% 14% Projects Other Other 20% Utilities 2% 32% 2% Industrial 6,840m 6,840m…
  25. FY 2014 Financial Results – Prysmian Group – slide 25
    Prysmian group at a glance FY 2014 Financial Results Sales breakdown by business Sales breakdown by geography Telecom Energy APAC 14% Projects 13% Other 20% Latin America 2% 8% 6,840m 6,840m EMEA Industrial & 64% North America…
  26. FY 2014 Financial Results – Prysmian Group – slide 26
    Energy Projects Sales breakdown Sales by business Sales by geographical area SURF APAC 8% 7% Latin America 8% North America High Voltage 10% 37% Sales FY14 Sales FY14 1.4 bn 1.4 bn Submarine 55% EMEA 75% FY…
  27. FY 2014 Financial Results – Prysmian Group – slide 27
    Energy & Infrastructure Sales breakdown Sales by business Sales by geographical area APAC 11% Power Distribution Latin America 29% 7% Sales FY14 North America Sales FY14 2.7 bn 11% 2.7 bn EMEA Trade & Installers…
  28. FY 2014 Financial Results – Prysmian Group – slide 28
    Industrial & Network Components Sales breakdown Sales by business Sales by geographical area Other Network 4% Components APAC 8% Specialties & OEMs 1) 23% 43% EMEA 47% Automotive Sales FY14 Sales FY14 20% 1.7 bn Latin…
  29. FY 2014 Financial Results – Prysmian Group – slide 29
    Telecom Sales breakdown Sales by business Sales by geographical area OPGW & Other APAC Copper 5% 13% 13% Latin America 14% Sales FY14 Sales FY14 1.0 bn 1.0 bn Multimedia & Specials 21% EMEA North America Optical, 14%…
  30. FY 2014 Financial Results – Prysmian Group – slide 30
    Bridge Consolidated Sales Euro Millions Energy Projects Energy Products 83 ( 61 ) (5 ) (22 ) 65 ( 93 ) (130) Org.growth +1.7% Org.growth excl.WL 1,360 +6.1% 1,355 Org. growth 4,649 +1.4% 4,491 FY 2013 Org.Growth WL effect…
  31. FY 2014 Financial Results – Prysmian Group – slide 31
    Impact of currencies and WL project on Sales and Adj.EBITDA Profitability decrease fully attributable to WL project and negative currency translation effect Sales Adj. EBITDA Of which: Of which: Energy Projects 22 Energy Projects 2…
  32. FY 2014 Financial Results – Prysmian Group – slide 32
    Energy Projects Segment Profit and Loss Statement Euro Millions FY 2014 excl. WL Submarine WL submarine FY 2014 FY 2013 1) project effect project effect Sales to Third Parties 1,416 (61) 1,355 1,360 YoY total growth 4.2% (0.3%)…
  33. FY 2014 Financial Results – Prysmian Group – slide 33
    Energy Products Segment Profit and Loss Statement Euro Millions FY 2014 FY 2013 1) E&I 2,677 2,747 YoY total growth (2.6%) (12.5%) Sales to Third Parties YoY organic growth 2.7% (5.5%) Industrial & Netw. Comp. 1,708 1,788…
  34. FY 2014 Financial Results – Prysmian Group – slide 34
    Telecom Segment Profit and Loss Statement Euro Millions FY 2014 FY 2013 1) Sales to Third Parties 994 986 YoY total growth 0.8% (18.0%) YoY organic growth 4.0% (15.4%) Adj. EBITDA 116 106 % on sales 11.7% 10.8% Adj. EBIT 74…
  35. FY 2014 Financial Results – Prysmian Group – slide 35
    New segment reporting: 2013-14 by quarter Euro Millions SALES and ORGANIC GROWTH Q1'13 Q2'13 Q3'13 Q4'13 Q1'14 Q2'14 Q3'14 Q4'14 ENERGY PROJECTS 278 324 368 390 268 321 326 440 2.3% 1.4% -10.8% 13.4% E&I 676 746 711 614 638 678 699…
  36. FY 2014 Financial Results – Prysmian Group – slide 36
    Reference Scenario Commodities & Forex Brent Copper Aluminium Brent /bbl Copper /ton Aluminium /ton Brent /bbl Copper /ton Aluminium /ton 150 12,000 3,500 125 10,000 3,000 2,500 100 8,000 2,000 75 6,000 1,500 50 4,000…

From the store

Browse maps, data & reports in the Shale Experts store