Ansaldo STS Group First Semester Results. July 28 th 2009

Transcription

1 Ansaldo STS Group 2009 First Semester Results July 28 th 2009 London, October 16 th 2008

2 1H 2009 Results Key Figures mil 1H H 2008 Var.% YE 2008 Orders % 1,296.6 Backlog 3, , % 3,136.4 Production Revenues % 1,105.5 EBIT % ROS 10.4% 10.1% 0.3 p.p. 10.6% Net Profit % 77.6 Net Financial Position (236.0) (163.4) 44.4% ( 195.9) R&D (9.2%) 44.5 Total Headcount 4,318 4, % 4,352 Tax Rate 32.0% 37.7% (5.7 p.p.) 36.4% 2

3 Production Revenues & Backlog Quarterly evolution mil , ,446 2, Q07 4Q06 3Q06 2Q06 1Q06 4Q05 3Q05 2Q05 1Q Q08 4Q07 3Q07 2Q07 2, Q09 1Q09 4Q08 3Q08 2Q08 3, ,000 3,500 3,000 2,500 2,000 1,500 1, Production Revenues Backlog 3

4 Key figures by Business Units SIGNALLING TRANSPORTATION SOLUTIONS mil. 1st Semester st Semester st Semester st Semester 2008 ORDERS BACKLOG 1, , , ,756.8 PRODUCTION REVENUES EBIT R.O.S % 10.97% 9.30% 10.79% WORKING CAPITAL (58.7) ( 53.9) (126.0) ( 120.2) R & D TOTAL STAFF 3,757 3, The above mentioned figures are gross of eliminations between business units

5 1H 2009 Orders and Production Revenues by geographic area Orders Production Revenues 55% 45% 32% Business Unit Signalling 68% mil Business Unit Transportation Solutions mil % 21% 22% 1% 12% 8% 49% 40% 9% 20% Italy Rest of West Europe North America Asia / Pacific Others 5 The above mentioned figures are gross of eliminations between business units.

6 1H 2009 Main Order Acquisitions Country Project Customer Value ( mil.) Taiwan* Taipei Circular Line phase 1 SEMPO South Arabia* Ryadh Women's University Finance Saudi Arabia Min Italy France USA Total Components / Service & Maintenance Miscellaneous 57.5 Italy* Naples Metro L 1: Dante - Garibaldi Comune di Napoli 53.7 Italy* HSL Italy - variation order IRICAV - SATURNO 32.9 Spain Maintenance HSL Madrid - Lerida ADIF 31.3 USA LIRR Harold Interlocking LIRR 19.4 India Mumbai Monorail (Miscellaneous) SCOMI 19.1 Italy ACS Palermo RFI 19.0 USA NYCT Lexington and 5th Avenue NYCT 17.9 Germany ATC On Board n.30 Velaro Train Siemens 16.8 Australia From Maitland to Branxton BiDirectional ARTC 12.5 Australia Richmond Line Alliance TIDC 11.6 Australia Clearways 3 Kingsgrove to Revensby TIDC 11.4 USA PAAC North Shore Connector PAAC 9.8 Italy HSL To-Mi & Rm-Na (variation) CAV To - Mi IRICAV 9.8 USA WMATA Silver Springs WMATA 8.9 Italy SCMT On Board (3rd AIM frame) Trenitalia 8.8 Italy CTC (Taranto - Brindisi / Pavia - Vercelli) RFI 8.8 Brasil CPTM CAB CAF 8.1 Australia ARTC (Miscellaneous) ARTC 7.9 Australia Deepdale ICSS Gap Rio Tinto 7.6 Uk Cambrian Line NR 7.0 China Xian Line 2 Insigma 6.7 Australia Signalling Site System Works FMG 5.4 Australia* Digital Link & VHF Upgrade BHP Billiton 3.3 France RBC East Europe HSL RFF 2.8 Italy SCMT On Board for regional lines FIREMA 2.7 Italy SCMT Wayside (variations) RFI * Orders acquired by the Transportation Solutions business unit The list represents the 92% of total order acquisitions 1H 2009

7 1H 2009 vs 1H 2008 Backlog by geographic area & Business Unit 1H H 2008 mil 3,404.8 mil 2, % 18% 5% 3% 10% 1% 14% 4% 54% 19% 71% 38% Business Unit Signalling 40% Business Unit Transportation Solutions 62% 60% Italy Rest of West Europe North America Asia / Pacific Others 7 The above mentioned figures are gross of eliminations between business units.

8 Total Headcount end of June 09 ITALY 1,470 FRANCE 549 Genoa Potenza Paris Clermont Ferrand Naples Turin Les Ulis USA 834 AUSTRALIA 682 INDIA 322 Pittsburgh New York Brisbane Sydney Bangalore Batesburg Princenton Perth Kolkata Kansas City Kingston Karratha Delhi Norristown Chicago Melbourne Jacksonville New Castle SPAIN 80 MALAYSIA 100 SWEDEN 43 Madrid Kuala Lumpur Stockolm UNITED KINGDOM 51 IRLAND 28 CHINA 98 London Manchester Dublin Kerry Honk Kong Shangai Bejing SOUTH AFRICA 21 DENMARK 2 PORTUGAL 6 & BOTSWANA Copenhagen Lisbon NETHERLANDS 2 SOUTH KOREA 4 GERMANY 5 Amsterdam Daejon Munich CANADA 12 TURKEY 6 GREECE 1 Montreal Ankara Thessaloniki REP. CECA 1 ROMANIA 1 Prague Bucharest 8 Total Headcount 4,318

9 1H 2009 Production revenues by SBU & Business line Transportation Solutions mil Mass Transit 72% Including S&M for about 24 mil Railways 18 % Conventional Metro Driverless Metro Tramway High-Speed Conventional Signalling mil (1) Railways Systems 83% 9 Signalling Systems 82% Signalling, Control & Automation systems for Railways and Mass-Transit Markets Mass-Transit Syst. 17% Components (Sold separately from Signalling systems) 13% (1) The above mentioned figures are gross of eliminations between business units. Signals Point Machines Level Crossings Track Circuits Hot Box detectors Relays Beacons Access Control Gates Encoder and transponder for safe data transmission Services & Maintenance 5% End-to-end maintenance Training of personnel Engineering and diagnostic tools Simulators

10 Main new order acquisitions Taipei Circular Line phase Princess Noura Abdulrahman Riyadh Libia Business Driven Strategic Center Efficient Global Outperform the market growth Improve profitability to 11% ROS Continue to generate Cash and value for our shareholders Become a market consolidator New Steps made on Middle East & North Africa USA not only as High Speed Lines Italian Market expected more active China & Asia Pacific 10

11 Year End 2009 Guidance UPDATE Key Figures mln Guidance 2009 (1) FY 08 FY 07 Updated Guidance July 2009 Original Guidance March 2009 Orders Between 1,700-1,900 1,300-1,500 1, ,532.5 Production Revenues Between 1,110-1,180 1,110-1,180 1, Backlog Between 3,730-3,860 3,330-3,460 3, ,980.0 ROS Equal / Higher than 10.6% 10.6% 10.63% 10.31% Free Operating Cash Flow (before Strategic Investments) Net Financial Position (after 2008 Dividend payment of 27 M ) Between Between (260) - (280) (210) - (220) (195.9) (184.5) Tax rate Equal / Lower than 38% 38% 36.40% 43.89% (1) W/o any M&A Impact 11

12 Mr. Jean Paul Giani, the Manager in charge of preparing the company s financial reports, hereby declares, pursuant to article 154-bis, paragraph 2 of the Consolidated Law on Finance, that the actual accounting information contained in this presentation corresponds to document results, books and accounting records 12

13 Key Contact Headquarter: Via Paolo Mantovani, Genoa, Italy Investor Relations Officer: Andrea Razeto investorelations@ansaldo-sts.com 13 Tel: Fax: