Q! 2014 RESULTS PRESENTATION – Finmeccanica

Finmeccanica · May 7, 2014 · 24 slides

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Q1 2014 Results Presentation Alessandro Pansa Chief Executive Officer Gian Piero Cutillo Chief Financial Officer 7 May 2014
OVERVIEW (Alessandro Pansa - CEO) Q1 2014 RESULTS (Gian Piero Cutillo - CFO) APPENDIX
OVERVIEW (1/2) Q1 is our least significant quarter Group results subject to the usual seasonality and in line with plan across all the Operating Companies Good order momentum, softer revenues consistent with expectations,…
OVERVIEW (2/2) Good order intake and solid backlog makes us feel positive looking forward We remain confident in Aerospace & Defence businesses Good businesses becoming stronger, as you can see in the results Completed the…
OVERVIEW (Alessandro Pansa - CEO) Q1 2014 RESULTS (Gian Piero Cutillo - CFO) APPENDIX 5
GROUP PERFORMANCE (1/2) TESTO FINTO Q1 Testo FY 2013 2013 Mln 2014 % Change Restated Restated Orders 2,896 2,613 10.8% 15,059 Backlog 36,732 36,255 36,831 Revenues 2,946 3,099 (4.9%) 13,690 EBITA 153 161 (5.0%) 878 ROS % 5.2%…
GROUP PERFORMANCE (2/2) TESTO FINTO Testo Total continuing A&D Transportation operations Q1 2013 % Q1 2013 Q1 2013 Mln Q1 2014 Q1 2014 % Change Q1 2014 % Change Restated Change Restated Restated Orders 2,668 2,471 8.0% 229 145…
Q1 2014 OPERATING HIGHLIGHTS ORDERS Good order intake driven by Helicopters in A&D (i.e. UK MoD contracts) Peruvian driverless metro contract leveraging core capabilities of Ansaldo STS and AnsaldoBreda; not included in Q1 results…
FY2014 OUTLOOK ASSUMPTIONS ORDERS: Solid order intake, confirming A&D book to bill above 1 REVENUES: broadly flat / slightly lower PROFITABILITY: Efficiency gains/restructuring support further improvement in A&D ROS, close to 9%…
2014 GROUP GUIDANCE UNCHANGED Testo TESTO FINTO FY2013A (restated according to IFRS11) FY2014E (according to IFRS11) GROUP A&D GROUP A&D Orders bn 15.1 13.0 13.0 13.5 11.5 12.0 Revenues bn 13.7 11.8 13.0 13.5 11.0 11.5 EBITA…
CONCLUSIONS Results in line with expectations in our least significant quarter Good order momentum Benefits of restructuring maintaining profitability 11
OVERVIEW (Alessandro Pansa - CEO) Q1 2014 RESULTS (Gian Piero Cutillo - CFO) APPENDIX 12
APPLICATION OF NEW IFRS 11 New International accounting standards (IFRS 10, 11 and 12) effective from 1 January 2014 IFRS 11 no longer allows for the accounting of Joint Ventures under the proportionate method Consequently,…
HELICOPTERS TESTO FINTO Q1 FY 2013 2013 2014 %ch. YoY Mln Restated Restated Orders 1,514 906 67.1% 4,384 Revenues 903 948 (4.7%) 4,049 EBITA 112 112 0.0% 547 ROS % 12.4% 11.8% 0.6 p.p 13.5% Orders demonstrating continued…
AERONAUTICS TESTO FINTO Q1 Testo FY 2013 2013 2014 %ch. YoY Mln Restated Restated Orders 432 768 (43.8%) 3,422 Revenues 651 565 15.2% 2,816 EBITA 28 25 12.0% 199 ROS % 4.3% 4.4% (0.1) p.p. 7.1% Orders in Q1 2014 compared…
EU DEFENCE ELECTRONICS AND SECURITY-Selex ES TESTO FINTO Testo Q1 FY 2013 2013 2014 %ch. YoY Mln Restated Restated Orders 443 476 (6.9%) 3,457 Revenues 626 720 (13.1%) 3,214 EBITA 6 6 0.0% 71 ROS % 1.0% 0.8% 2 p.p. 2.2%…
US DEFENCE ELECTRONICS AND SECURITY DRS TESTO FINTO Q1 Testo FY 2013 2013 2014 %ch. YoY Mln Restated Restated Orders 395 364 8.5% 1,991 Revenues 395 524 (24.6%) 2,213 EBITA 13 27 (51.9%) 194 ROS % 3.3% 5.2% (1.9)p.p. 8.8%…
SPACE TESTO FINTO Q1 FY 2013 %ch. 2013 2014 Mln Restated YoY Restated EBITA 7 4 75% 54 EBITA Margin n.a. n.a. n.a. n.a. Athena Fidus satellite launched in Q1 2014; underlying performance broadly in line with the figures…
DEFENCE SYSTEMS Testo Q1 FY 2013 2013 2014 %ch. YoY Mln Restated Restated Orders 33 85 (61.2%) 582 Revenues 103 124 (16.9%) 512 EBITA 3 21 (85.7%) 112 ROS % 2.9% 16.9% (14) p.p 21.8% Orders and Revenues in line with…
TRANSPORTATION TESTO FINTO Testo ANSALDO STS Q1 FY 2013 2013 2014 %ch. YoY Mln Restated Restated Orders 147 120 22.7% 1,484 Revenues 263 248 6.2% 1,230 EBIT 22 20 5.7% 117 EBIT/Revenues% 8.2% 8.2% 0 p.p. 9.5% ANSALDOBREDA Q1…
ROBUST FINANCIAL POSITION (as of end of March 2014) No refinancing needs before end 2017 Strong liquidity position Bonds have neither financial covenants nor rating pricing grids Revolving credit facility has no financial covenants…
LIQUIDITY POSITION (as of end of March 2014) In order to cope with possible volatilities in financial needs, Finmeccanica can leverage: Availability of 31 March cash balance of 0.6 bn Credit lines worth 3.0 bn (confirmed and…
SAFE HARBOR STATEMENT TESTO FINTO NOTE: Some of the statements included in this document are notTesto historical facts but rather statements of future expectations, also related to future economic and financial performance, to be…
Investor Relations & Sustainable Responsible Investors (SRI) Contacts Raffaella Luglini Head of Investor Relations & SRI irfinmeccanica.com +39 06 32473.066 www.finmeccanica.com/investors raffaella.luglinifinmeccanica.com…

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