Astana, September 6 th, TPER spa [ ] 2017 ENERGY FOR TRANSPORT: SYSTEMS FOR SUSTAINABLE MOBILITY. A TRANSPORT OPERATOR POINT OF VIEW
|
|
- Erica Marsh
- 6 years ago
- Views:
Transcription
1 Astana, September 6 th, 2017 TPER spa [ ] 2017 ENERGY FOR TRANSPORT: SYSTEMS FOR SUSTAINABLE MOBILITY. A TRANSPORT OPERATOR POINT OF VIEW
2 Table of Contents 1. Company Overview 2. Business 3. Financial Performance 4. Sustananbility 2
3 Table of Contents 1. Company Overview 3
4 Company Overview TPER is the operator of the urban and extra-urban transport in Bologna and Ferrara provinces. Moreover, it is in charge of the regional train service in Emilia Romagna in JV with Trenitalia. The Company is a shareholder of other companies operating the bus network in the province of Modena, Piacenza, Reggio Emilia, Forlì-Cesena, Ravenna and Rimini. In addition, the Company performs other activities related to the transport service such as rail freight, rail fleet maintenance, management of parking areas, car sharing and bike sharing highlights Piacenza Parma Reggio Emilia Modena Bologna Ferrara Ravenna Revenues: M EBITDA: 38.8 M Net Income: 7.6 M Forlì Cesena Rimini Bus passengers: 140M 1 Bus mileage: Km 44,2M 1 Train passengers: 10.5M CATCHMENT AREA One the wealthiest areas of the Country (33,6 k GDP pro capite) Railway services: Emilia Romagna population 4.5M Directly managed Bus services: Provinces of Bologna and Ferrara 1.3M Bologna as a relevant transportation node in North-Central Italy (high speed network, regional rail network, freight and logistic node) Train mileage: Km 5.8M Bus managed 2 : 1,147 Trains owned 2 : Data referred to the Consortium TPB and TPF awarded with Bologna and Ferrara bus services 2 Asset available on of which were financed with public funds; TPER also manages other passenger trains and railcars put at its disposal by Emilia Romagna Region 4
5 Business activities Transport Road Transport Train Parking Infrastructure Bike sharing Catchment area consists in 6,330 km 2 covering Bologna and Ferrara's areas 44M km of road transport offered (Consortium TPB and TPF) 1,147 bus (40% of regional fleet) 400,000 passengers every day (50% of regional users) Over 5.8M trainkm (27.5% of regional services) 10.5 M passengers per year 15,000 journeys 12,670 seats (60% in new rolling stock) 400 trains every day (44% of regional train service) 30,000 passengers every day Operating in freight rail service through subsidiary company Parking in Bologna managed till the merger in 2012, then passed to ATC. In 2014 Tper won the parking tender. The service is entrusted as a contract (fees paid by Comune di Bologna) and not as a concession (income from users) Car Sharing TPER carries out complex projects for mobility with the aim to reduce overall environmental impacts of transports, reinforce interchange and improve the transportation service offer. The project Emilio (ex Crealis NEO) aims to complete the development of a new generation of trolleybus (optical guide) The project People Mover consists of a single rail transportation system which connects the airport and the train station in 7 minutes every 4 minutes. The investments are made through project financing. The company vehicle Marconi Express is participated by Integra at 75% and Tper at 25%. Aeroporto Marconi takes part in the project, with also a support of SFP TPER manages the service C'entro in bici, which allows free use of bikes and the service of bike stamping in order to deter the theft. 22 points of distribution More than 170 bikes More than 6,600 people registered / keys distributed 216 stations 46 parking areas 60 cars 1332 clients 35,000 hours of service Over 270,000 km Rail maintenance Mafer, fully controlled subsidiary, manages the maintenance of TPER rolling stock but also for third parties (turnover 16 M ) 5
6 Group structure TPER The Group is made up of TPER and 7 fully consolidated entities. In addition, TPER has 6 affiliated companies OMNIBUS 10% AGI 5% TPB S.Cons.a r.l. 85% 100% MA.FER S.r.l. FE.M. 3% COSEPURI 17% SACA 17% CO.ER.BUS 15% FE.M. 49% TPF S.Cons.a r.l. Omnibus S.Cons.a r.l. SST Srl 97% 51% 51% 95,35% 94,95% DINAZZANO PO S.p.A. Holding Emilia Romagna Mobilità S.r.l. Autorità Portuale Ravenna 1,55% ACT 1,55% Porto Intermodale Ravenna 1.55% NUOVA MOBILITÀ 5.05% Consorzio Integra 75% Altri consorziati +99% CONTROLLED ENTITIES Marconi Express SpA C.E.E. Consorzio Esperienza Energia (previewed exit strategy) 25% <1% 6,65% 26% 30% NON CONSOLIDATED AFFILIATES 13,79% SETA 42,8% Consorzio Trasporti Integrati SFP Emilia-Romagna Scarl START Romagna ACT - City of Modena Municipality of Piacenza Province of Modena Other cities from the area of Modena for a total of 50.55% TRENITALIA 74% TRENITALIA 70% RAVENNA HOLDING S.p.A Rimini Holding SPA Livia Tellus Romagna Holding S.p.A. - City of di Cesena Province of Rimini and other small cities for a total of 86.21% 6
7 Company evolution The Group has been active in the local transport business since the start of the public service and has developed unrivalled skills throughout its history TPER is awarded with the management of parking area, car sharing and bike sharing service 2015 ACFT awarded with Ferrara bus services ATC awarded with Bologna bus services TPER, in consortium with Trenitalia, has been awarded with the passenger rail service of Emilia-Romagna Region Start-up of ATM as operator of urban transport in Bologna Start-up of local railway companies Ferrovie Emilia- Romagna consolidates previously local railway operators 2006 ATC (Province of Bologna and ACFT (Province of Ferrara) merger TPER is established through the merger between ATC (in charge of the public transport service in the Province of Bologna and Ferrara) and FER (regional train company) 7
8 Table of Contents 2. Business 8
9 How TPER group works Regional and Local Public Entities Contracting Agencies Awarded Company End User FER Service Consorzio Trasporti Integrati (2) TPER provides transport services, with its personnel and rolling stock (train and bus) Contract SRM Assignment (1) TPB S.Cons.a r.l. TPER receives service contracts AMI TPF S.Cons.a r.l. fees TPER receives tickets from end users Tickets for bus and trains TPER owns the rolling stock (3) and personnel needed to perform the transport public service and it receives service contracts fees and tickets from end users (1) Service Contract also puts at disposal of the awarded operator the industrial assets functional for rendering transport services (e.g. maintenance plants) (2) Until 2019 (3) Part of the railway fleet is put at disposal by the Region Emilia-Romagna 9
10 Local Public Transport Financing Revenues from sales and services Services contract fees: - ex Fondo Nazionale Trasporti - Emilia Romagna Region Other TPER value refers stand alone balance sheet The contribution of ticket revenues increased significantly from the start-up of TPER till 2016, reaching 40% of TPER total income 10
11 Local Public Transport Financing: Tickets revenues In a context of declining contributions, tariff revenue has been steadily increasing Even if there was a tariff adjustments in 2013 (based on inflation trend), the improvement was due mainly to the increase in the number of ticket sold, to the retention of clients (higher increase of monthly pass and annual pass) and to a specific program launched by the company to increase revenue from tickets by reducing non paying passengers Ticket revenues ( m) Number of tickets sold (m) Data from 2012 refers only to ten months (March-December) Ticket revenues increased in TPER by more than 10% from 2013 till 2016, a positive result in public transport in Italy, especially if compared to the demographic and passengers trend of the Region in the last years 11
12 Asset base Bus Train # 1,147 owned 38 blocked trains * 10 Locos + wagons More than 80 railcars * Average life 13.7 years (14 for bus; 9 for trolleybus) 1.5 years ** Typology 719 Diesel 267 Natural Gas 67 Hybrid 6 Electric 88 Trolleybus 26 EMU 12 DMU 10 electric Locos 32 wagons More than 80 railcars * TPER owns 14 EMU (7 of which financed with public funds), 2 DMU and 1 railcar; the other rolling stock is put at disposal by Emilia-Romagna Region ** Referring just to trains owned by TPER and not considering one electric train of 1956 TPER is focused on renewing and upgrading its fleet through the acquisition of new and eco-friendly vehicles 12
13 Network and its evolution (1) Bus Services In Emilia-Romagna Region there are currently 4 operators active in 9 Provinces. In 2016, Giunta Regionale of Emilia-Romagna planned mln buskm as minimum services (Deliberazione 693/16), with a Regional subsidy of M Bus minimum services in Emilia-Romagna Affiliates operators service contract duration TEP SETA TPER START ROMAGNA 8,2 12,7 9,0 12,4 34,7 8,9 6,9 SETA Initial service contract duration Dec 2014 Extended service contract duration Dec 2017 Data: Rapporto di Monitoraggio 2016 Regione ER 9,2 7,7 START ROMAGNA Dec 2013 Dec Rimini Dec Forlì-Cesena Till new tender - Ravenna Train Services The commitment of the regional rail passenger services is made in the form of a unique lot for all regional services. TPER is working in the CTI - Consorzio Trasporti Integrato (Trenitalia 74% and TPER 26%), awarded with the original tender, extended to permit the new tender procedure and following service starting. TPER, together with Trenitalia in the NewCo SFP (Trenitalia 70% and TPER 30%) was awarded also with this tender. TPER operates services both on RFI and on the Emilia-Romagna Region network Regione Emilia-Romagna rail services and network 1,650 km of railway network (1,300 km managed by RFI and 350 km owned by the Region and managed by FER) 265 active station (120 on the network owned by the Region) 150 trains 900 rides every day 19.1 millions of train-km including substitute bus (2015) 43 millions of passengers yearly Regional network RFI lines where TPER operates Regional lines where TPER operates 13
14 Table of Contents 3. Financial Performance 14
15 Summary KPIs (1) Bus-Km (in /000) Comments Bus production broadly stable from 2013 till 2016 (average -0.6%) Even if in a decreasing production framework, the number of paying passengers significantly increased from 2013 till 2016 (average +2.7%), due to the strong campaign of ticket controlling adopted by TPER and to an increase of passengers using public transport Number of Passengers - Bus Services (in /000) 15
16 Summary KPIs (2) Train-Km (in /000) Comments Train production increased from 2013 till 2016 (average +2.8%), mainly due to the utilization of the recently acquired trains for services on the national network The number of paying passengers significantly increased from 2013 till 2016 (average +5.7%), partly due to the campaign of ticket controlling partly to the fact that new services are rendered along O-D relations with higher attendance Number of Passengers - Train Services (in/000) 16
17 Historical revenue performance 235,7 Revenue (in M) (M ) Production Value 289,6 294,4 307,7 309,7 Revenue breakdown * (in M) 253,4 259,4 257,2 (3,1%) 0,3% Comments Consolidated Production Value grew during the period from 290M till 310 M, at a 2.3% CAGR TPER stand alone revenues in the same period increased at a CAGR 3% (from 236 M to 257 M ) The trend is mainly due to the increase of Revenues from sales and services (CAGR 8.5%), deriving partly from the awarding of the tender for parking in Bologna and partly from a specific program launched by the company to increase revenue from tickets by reducing non paying passengers Revenues from service contracts grew by 0.3% Other revenues had non ordinary elements in 2014 (penalties from suppliers) and 2015 (use of a fund allocated for contract labor renewal) 8,5% * The revenue breakdown is available only for the stand alone balance sheets (Italian GAAP) 17
18 Table of Contents 4. Sustainability 18
19 vision Trolley network restart in 1990 this network is in continuous improvement No diesel buses for city (2001) start of the CNG project No diesel for intercity service start of LNG project (tender for filling station and two for 111buses are undergoing) 19
20 In full application of the EU94/2014 The company sustainability strategy conserning Buses stop Not renewable diesel Electricity Trolley Hybrid BEV renewable Compressed Natural Gas Liquefied Natural Gas 20
21 Trolley network: existing and palnned lines 21 21
22 The last 49 trolley in exploitatio Tender for 62 bimodal trolley 18m trolley + battery Por fesr project is undergoing 22
23 23 23
24 Hybrid 18 m For new Agrocultural site in bologna Start 15 th november 2017 CNG buses 24
25 Strategy and Investment : the Future Investment are output of different but integrated strategies: Vehicles substitution strategy of substitution and development of the fleet for quality improvement of the transport service ; Sustainability strategy for low or zero emission; Economical strategy. 25
26 26 26
27 Maintenance strategy for supporting the sustainability And economical strategy of the transport operators Zero emission strong sustainability strategy Lower/zero Diesel buses Specifical economical Value of each manitenance activities insourcing Change Management zone outsourcing Diagnostic activities knowledge Standard Market supply of maintenance service Only constructor Large competitive market 27
28 Conclusion An effectivenes sustainability strategy ask for application : -vision -investment; - knowlege. Very simple to talk but very heavy to do. 28
The first web application to implement the Home-To-Work Mobility Plan
The first web application to implement the Home-To-Work Mobility Plan Powered by MOVESION S.r.l. Via Ruggero Bonghi, 11b 00184 Rome (RM) - ITALY T +39 06 622 736 06 E info@movesion.com W movesion.com CONTEXT
More informationSEA BOARD OF DIRECTORS: 2017 STATUTORY FINANCIAL STATEMENTS AND NON-FINANCIAL REPORT APPROVED
SEA BOARD OF DIRECTORS: 2017 STATUTORY FINANCIAL STATEMENTS AND NON-FINANCIAL REPORT APPROVED SEA Group results Passenger traffic: 31.6 million, up 8.9% (22 million at Milan Malpensa, growth of 14.1%)
More informationGATWICK AIRPORT JOINS VINCI AIRPORTS December 2018
GATWICK AIRPORT JOINS VINCI AIRPORTS December 2018 Asset presentation Gatwick is the 2 nd largest airport in the UK and the 8 th busiest in Europe with 46 mpax Key features 46 mpaxin FY18, in the wealthiest
More informationBologna, August 28th H Results
Bologna, August 28th 2015 H1 2015 Results TABLE OF CONTENTS 1 COMPANY DESCRIPTION p. 3 2 H1 FINANCIALS p. 12 2 1. COMPANY DESCRIPTION 3 GROUP HIGHLIGHTS WEALTHY CATCHMENT AREA # 7 airport in Italy by passengers
More informationOver 2017, FPC s domestic passenger traffic grew by 1.4%. MACROECONOMIC ENVIRONMENT. Indicators 2017
MARKET OVERVIEW 1 Over, FPC s domestic passenger traffic grew by 1.4%. MACROECONOMIC ENVIRONMENT Key economic growth indicators, ( % year-on-year) Indicators GDP 101.5 Consumer Price Index 103.7 Investment
More informationRecord results driven by traffic growth and its positive dynamic, which has supported all key economic margins.
PRESS RELEASE AEROPORTO GUGLIELMO MARCONI DI BOLOGNA: The Board of Directors approves draft and consolidated financial statements as at December, 31 2016. Record results driven by traffic growth and its
More informationGood morning, ladies and gentlemen. Joaquín Ayuso. Chief Executive Officer
Good morning, ladies and gentlemen. Joaquín Ayuso Chief Executive Officer Ferrovial Cash flow: 650 Construction 270 Infrastructure 136 Services 187 Real Estate 17 Corporation 41 Year-end cash position:
More informationHighlights from the Annual Results December 2007
Highlights from the Annual Results December 2007 Disclaimer The information in this document is taken from the BAA 2007 Annual Results ( the Results ) which were published on 11 March 2008 and other public
More informationItalo - Nuovo Trasporto Viaggiatori
Italo - Nuovo Trasporto Viaggiatori Introduction to Italo Company profile Introduction First, private high-speed operator in the European passenger rail industry operating in Italy under the Italo brand
More informationSummary of Results for the First Three Quarters FY2015/3
Summary of Results for the First Three Quarters FY2015/3 February 10, 2015 Tokyu Corporation (9005) http://www.tokyu.co.jp/ Contents Ⅰ.Executive Summary 2 Ⅱ.Conditions in Each Business 5 Ⅲ.Details of Financial
More informationFY 2018 RESULTS BOLOGNA, MARCH 15 TH 2019
RESULTS BOLOGNA, MARCH 15 TH GROUP 2 BOLOGNA S AIRPORT MAIN CHARACTERISTICS 8.5 MILLION PAX 76.8% INTERNATIONAL PAX THE HIGHEST CONNECTIVITY GROWTH IN EU 2004-2014 +984% ACI Europe 2014 Airport Industry
More informationFY 2016 RESULTS BOLOGNA, MARCH 20 TH 2017
RESULTS BOLOGNA, MARCH 20 TH GROUP 2 GROUP OVERVIEW STRONG GROWTH TRACK RECORD AND MOMENTUM STRATEGIC LOCATION AND WEALTHY CATCHMENT AREA Among top 50 airports in Europe # 7 airport in Italy by passengers
More informationFerrovial increases net profit by 12%, to 287 million euro
All-time record backlog: 23.695 billion euro Ferrovial increases net profit by 12%, to 287 million euro Revenues expanded by 2.8% to 3.758 billion euro, supported by solid performance in the international
More informationItalo - Nuovo Trasporto Viaggiatori
Italo - Nuovo Trasporto Viaggiatori Introduction to Italo Company profile Introduction First, private high-speed operator in the European passenger rail industry operating in Italy under the Italo brand
More informationBilfinger Berger: Preliminary Report on the 2004 Financial Year
Bilfinger Berger AG Carl-Reiss-Platz 1-5 68165 Mannheim Germany www.bilfingerberger.com Contact: Sascha Bamberger Phone: +49 6 21/4 59-24 55 Fax: +49 6 21/4 59-25 00 E-mail: sbam@bilfinger.de Date: February
More informationSummary of Results for the First Quarter of FY2015/3
Summary of for the First Quarter of FY2015/3 August 8, 2014 Tokyu Corporation (9005) http://www.tokyu.co.jp/ Contents Ⅰ.Executive Summary 2 Ⅱ.Conditions in Each Business 4 Ⅲ.Details of Financial for the
More information9M 2018 RESULTS BOLOGNA, NOVEMBER 15 TH 2018
9M RESULTS BOLOGNA, NOVEMBER 15 TH 9M GROUP 2 BOLOGNA S AIRPORT MAIN CHARACTERISTICS 9M 8.2 MILLION PAX 76.3% INTERNATIONAL PAX THE HIGHEST CONNECTIVITY GROWTH IN EU 2004-2014 +984% ACI Europe 2014 Airport
More informationPRESS RELEASE THE BOARD OF DIRECTORS APPROVES THE CONSOLIDATED HALF-YEARLY FINANCIAL REPORT OF 30 JUNE 2017
PRESS RELEASE THE BOARD OF DIRECTORS APPROVES THE CONSOLIDATED HALF-YEARLY FINANCIAL REPORT OF 30 JUNE 2017 DATA EXCEED FORECASTS: STRONG GROWTH FOR EBITDA (+31%), EBIT (+51%) AND NET INCOME OF THE GROUP
More informationNORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT SECOND QUARTER 2006 [This document is a translation from the original Norwegian version]
NORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT SECOND QUARTER 2006 SECOND QUARTER IN BRIEF had earnings before tax of MNOK 24.8 (20.6) in the second quarter. The operating revenue increased by 44 % this quarter,
More informationVR Group s result for 2018 was excellent rail traffic volumes increased
Press release 1 (5) VR Group s result for 2018 was excellent rail traffic volumes increased Financial details for 2018 presented in this press release are unaudited FAS figures. The figures in brackets
More informationAnalyst Presentation Schiphol Group 2006 Interim Financial Results
Analyst Presentation Schiphol Group 2006 Interim Financial Results 24 August 2006 Interim Results Disclaimer This release may contain certain forward-looking statements with respect to the financial condition,
More informationConsolidated Statement of Financial Position as at December 31, 2017
86 Key Figures Consolidated Statement of Financial Position as at December 31, 2017 Assets in million December 31, 2017 December 31, 2016 Non-current assets Goodwill 19.3 19.3 Investments in airport operating
More informationInvestor Presentation
Investor Presentation Communication financière Publication semestrielle Octobre 2016 Company at a glance : the leading port operator in Morocco 36,1 millions of tons Traffic (2017) Mad 2 554 mn USD 278
More informationFOURTH QUARTER RESULTS 2017
FOURTH QUARTER RESULTS 2017 KEY RESULTS In the 4Q17 Interjet total revenues added $5,824.8 million pesos that represented an increase of 10.8% over the revenue generated in the 4Q16. In the 4Q17, operating
More informationSHIP MANAGEMENT SURVEY. January June 2018
CENTRAL BANK OF CYPRUS EUROSYSTEM SHIP MANAGEMENT SURVEY January June 2018 INTRODUCTION The Ship Management Survey (SMS) is conducted by the Statistics Department of the Central Bank of Cyprus and concentrates
More informationIntegrated fares system in the competitive. Case study -Lombardy. General Manager ATB Bergamo
Integrated fares system in the competitive tendering and innovation process of PT Case study -Lombardy Gianni Scarfone General Manager ATB Bergamo UITP Marketing Commission 1 Integrated fares system in
More informationOutput volume and order backlog at record levels Renewed significant increases in net profit and operating profit Dividend bonus announced
Bilfinger Berger AG Carl-Reiss-Platz 1-5 68165 Mannheim Germany www.bilfingerberger.com Contact: Sascha Bamberger Phone: +49 6 21/4 59-24 55 Fax: +49 6 21/4 59-25 00 E-mail: sbam@bilfinger.de Date: February
More informationH RESULTS BOLOGNA, SEPTEMBER 3 RD 2018
H1 RESULTS BOLOGNA, SEPTEMBER 3 RD H1 GROUP 2 BOLOGNA S AIRPORT MAIN CHARACTERISTICS H1 8.2 MILLION PAX 76.3% INTERNATIONAL PAX THE HIGHEST CONNECTIVITY GROWTH IN EU 2004-2014 +984% ACI Europe 2014 Airport
More informationPRESS RELEASE VINCI QUARTERLY INFORMATION AT 31 MARCH 2015
Rueil Malmaison, 23 April 2015 PRESS RELEASE VINCI QUARTERLY INFORMATION AT 31 MARCH 2015 Revenue: 8.2 billion (down 5.3%) Buoyant traffic at VINCI Autoroutes (up 2.0%) and VINCI Airports (up 11.8%) Decline
More informationSales increased and income will be on a recovery track in the second half of the fiscal year.
Sales increased and income will be on a recovery track in the second half of the fiscal year. Contents I. Results for the First Half of Fiscal Year Ending March 2019 Profit decreased mainly due to temporary
More informationOPERATING AND FINANCIAL HIGHLIGHTS SUBSEQUENT EVENTS
Copa Holdings Reports Financial Results for the Third Quarter of 2016 Excluding special items, adjusted net income came in at $55.3 million, or adjusted EPS of $1.30 per share Panama City, Panama --- November
More informationPRESS RELEASE AEROPORTO GUGLIELMO MARCONI DI BOLOGNA S.p.A.: The Board of Directors approves the group results for the first nine months of 2017:
PRESS RELEASE AEROPORTO GUGLIELMO MARCONI DI BOLOGNA S.p.A.: The Board of Directors approves the group results for the first nine months of 2017: Traffic growth continues with 6.3 million passengers (+6.7%
More informationAnalysts and Investors conference call. Q results. 15 May 2013
Analysts and Investors conference call Q1 2013 results 15 May 2013 Management summary Key messages of Q1 2013 +6% +9% +3.3%p. Q1 2013 operational KPIs are in line with 109.7 116.2 6.5 7.1 82.3 85.6 expectations,
More informationH RESULTS BOLOGNA, SEPTEMBER 4 TH 2017
H1 RESULTS BOLOGNA, SEPTEMBER 4 TH H1 GROUP 2 GROUP OVERVIEW STRONG GROWTH TRACK RECORD AND MOMENTUM STRATEGIC LOCATION AND WEALTHY CATCHMENT AREA H1 Among top 50 airports in Europe # 7 airport in Italy
More informationFIRST QUARTER RESULTS 2017
FIRST QUARTER RESULTS 2017 KEY RESULTS In the 1Q17 Interjet total revenues added $4,421.5 million pesos that represented an increase of 14.8% over the income generated in the 1Q16. In the 1Q17, operating
More informationEPI announced its 2011 interim results
To: Financial Editor Press Release For Immediate Release EPI announced its 2011 interim results [Hong Kong, 28 August 2011] EPI (Holdings) Limited ( EPI or the Group, SEHK: 0689) announced its unaudited
More informationInvestor Presentation
Investor Presentation Communication financière Publication semestrielle Octobre 2016 Company at a glance : the leading port operator in Morocco 36,3 millions of tons Traffic (2016) Mad 2 567 mn USD 254
More informationThe Manager Company Announcements Australian Stock Exchange Limited Sydney NSW Dear Sir. Demerger of BHP Steel
The Manager Company Announcements Australian Stock Exchange Limited Sydney NSW 2000 Dear Sir Demerger of BHP Steel At the time of the announcement of the creation of the DLC between BHP Limited and Billiton
More informationPRESS RELEASE AEROPORTO GUGLIELMO MARCONI DI BOLOGNA S.p.A.: The Board of Directors approves the 2018 First Half Report.
PRESS RELEASE AEROPORTO GUGLIELMO MARCONI DI BOLOGNA S.p.A.: The Board of Directors approves the 2018 First Half Report. Passenger traffic reached 4 million passengers (+5.3% versus H1 2017), thanks to
More informationTABLE OF CONTENT LIST OF FIGURES
CIVINET ITALIA TABLE OF CONTENT 1 INTRODUCTION 3 2 GENERAL INFORMATION ABOUT THE NETWORK 3 2.1. Terms of reference 3 2.2. Support funding 3 2.3. Fee structure 3 2.4. Membership 4 2.5. Financial administration
More informationCase No COMP/M GENERAL ELECTRIC / THOMSON CSF / JV. REGULATION (EEC) No 4064/89 MERGER PROCEDURE
EN Case No COMP/M.1786 - GENERAL ELECTRIC / THOMSON CSF / JV Only the English text is available and authentic. REGULATION (EEC) No 4064/89 MERGER PROCEDURE Article 6(1)(b) NON-OPPOSITION Date: 02/02/2000
More informationFor personal use only
HELLOWORLD TRAVEL LIMITED RESULTS ANNOUNCEMENT Highlights for the year ended 30 June 2018 Total Transaction Value (TTV) growth of 3.5% to $6.1 billion, underpinned by strong air ticket sales volume growth.
More informationCROATIAN RAILWAYS. Operational Performance 129
CROATIAN RAILWAYS 29. Croatian Railways (Hrvatske Željeznice; HŽ) is the national railway company of Croatia formed in 1991 after the dissolution of Yugoslavia. The company has gone through several organizational
More informationLong distance transportation as a service
Long distance transportation as a service 1 We are one of the fastest growing Dynamic Shuttle Platform in Europe NEW ROUTE - SPAIN CÁDIZ - MÁLAGA Vienna Jerez de la Frontera Málaga Munich Cádiz Savona
More informationIKYU Corporation. Presentation Materials
IKYU Corporation Tokyo Stock Exchange First Section (Securities Code No. 2450) Non-Consolidated Financial Results for Fiscal 2011 (April 2011 to March 2012) Presentation Materials May 10, 2012 This is
More information5. Economic performance
AT 1 1 Economic performance STOCK MAINTAINING LEADERSHIP EFFICIENCY AND COMPETITIVENESS Income Costs INVESTMENT GENERATING CAPACITY AND VALUE AT 1 1 Profitability CHALLENGES AIMS 2018 PROGRESS IN SDG The
More informationPRESS RELEASE AEROPORTO GUGLIELMO MARCONI DI BOLOGNA S.p.A.: the Board of Directors approves the Group Q Results.
PRESS RELEASE AEROPORTO GUGLIELMO MARCONI DI BOLOGNA S.p.A.: the Board of Directors approves the Group Q1 2017 Results. Passenger traffic reached approx. 1.6 million passengers (+4.6% versus 2016), thanks
More informationManagement Discussions and Analysis for the three-month period ended 31 March 2014 and Executive Summary
Executive Summary Overview of the global economy during the first quarter of 2015 (Q1/2015) are as following; the US economy has been in recovery mode while rapidly dollar appreciation weighs on net exports
More informationPRESS RELEASE VINCI QUARTERLY INFORMATION AT 30 SEPTEMBER 2014
Rueil Malmaison, 23 October PRESS RELEASE VINCI QUARTERLY INFORMATION AT 30 SEPTEMBER Revenue at 30 September 1 : 28.4 billion (-1.5% like-for-like) Good performance in Concessions 1 : - VINCI Autoroutes
More informationWho we are. We are 17,000 men and women who form a cooperative banking group with 1,800 branches.
Who we are We are 17,000 men and women who form a cooperative banking group with 1,800 branches. Over the past 150 years, we have become part of the history of the households and businesses in our local
More information1H 2017 RESULTS PRESENTATION. Pearls across the Orient
1H 2017 RESULTS PRESENTATION Pearls across the Orient DISCLAIMER The presentation herein may contain forward looking statements by the management of SUTL Enterprise Limited ( SUTL ) that pertain to expectations
More informationMay 15, I. Absorption-type Company Split Pursuant to the Move to a Holding Company Structure
May 15, 2012 Corporate Name: ALL NIPPON AIRWAYS CO., LTD. President and C.E.O. Shinichiro Ito (Code Number: 9202, First Section of the Tokyo Stock Exchange and the Osaka Securities Exchange) Contact: Director,
More informationBusiness Review and Analysis
Business Review and Analysis 88 MTR Corporation Business Review Mainland of China and International Businesses Railway Businesses in the Mainland of China Property Businesses in the mainland of China European
More informationOverview of financial results for the six months ended September 30, 2017
Overview of financial results for the six months Seibu Holdings Inc. (9024) http://www.seibuholdings.co.jp/en/ Ⅰ. Executive summary P2 Ⅱ. Key initiatives of six months Ⅲ. Segment information and key performance
More informationEconomic repercussions of irrigation restrictions. The case of the lower Po River Basin
Economic repercussions of irrigation restrictions. The case of the lower Po River Basin C. D. Pérez-Blanco, E. Koks, E. Calliari CMCC & FEEM IAERE 2017 16-17 February 2017, Rome The context: droughts in
More informationShaping the Future of Railway Institute of Railway Technology
Shaping the Future of Railway Institute of Railway Technology 21 st September 2016 Adams Williams Manufacturing Lead Major Bids Team Rail Relationships creating success Opportunities in Rail Page 2 Trains,
More information2006 Interim Results. 16 August 2006
2006 Interim Results 16 August 2006 Sir David John Anthony Rabin Headline numbers First half 2005 First half 2006 Revenue 2,308m 2,773m +20% Pre-tax profit* 52m 60m +15% Adjusted eps* 9.3p 11.4p +23% Interim
More informationUK Experience with Bus Restructuring
UK Experience with Bus Restructuring Outline 1. Background 2. Bus Deregulation outside London 3. London strategy 4. Results to date 5. Edinburgh Case Study 1 Background Prior to mid-1980s, UK local bus
More informationTABLE OF CONTENT LIST OF FIGURES
CIVINET ITALIA TABLE OF CONTENT 1 INTRODUCTION 3 2 GENERAL INFORMATION ABOUT THE NETWORK 3 2.1. Terms of reference 3 2.2. Support funding 3 2.3. Fee structure 3 2.4. Membership 4 2.5. Financial administration
More informationCOMPANY PRESENTATION STAR CONFERENCE MILAN, MARCH 21 ST 2017
COMPANY PRESENTATION STAR CONFERENCE MILAN, MARCH 21 ST GROUP 2 GROUP OVERVIEW STRONG GROWTH TRACK RECORD AND MOMENTUM STRATEGIC LOCATION AND WEALTHY CATCHMENT AREA Among top 50 airports in Europe # 7
More informationICAO Forecasts for Effective Planning and Implementation. Sijia Chen Economic Development Air Transport Bureau, ICAO
ICAO Forecasts for Effective Planning and Implementation Sijia Chen Economic Development Air Transport Bureau, ICAO Appendix C : Forecasting, planning and economic analyses The Assembly: Requests the Council
More informationCapital Metro is the first stage of a light rail network that will have a transformative effect on Canberra. capitalmetro.act.gov.
Artist impression Nullabor Avenue Harrison Business Case overview Capital Metro is the first stage of a light rail network that will have a transformative effect on Canberra. capitalmetro.act.gov.au Why
More informationJessica Thylander Station Manager
Jessica Thylander Station Manager Networks Around the World Executive Management s Report Mainland and International Businesses and Growth The total number of passengers carried by our railway related
More informationPassengers traffic amounting to 8.2 million (+6.7% compared to 2016), thanks to the growth of all traffic s components
PRESS RELEASE AEROPORTO GUGLIELMO MARCONI DI BOLOGNA: The Board of Directors approves consolidated and the draft of separate financial statements as at December 31, 2017: Passengers traffic amounting to
More informationAn innovative media company delivering sustainable, profitable growth Half year results 21 st August 2013
An innovative media company delivering sustainable, profitable growth Half year results 21 st August 2013 Richard Findlay Chairman An innovative media company delivering sustainable, profitable growth
More informationInterim Report 6m 2014
August 11, 2014 Interim Report 6m 2014 Investors and Analysts Conference Call on August 11, 2014 Joachim Müller, CFO Latest ad-hoc release (August 4, 2014) Reduction of forecast, primarily due to a further
More informationYear ended December 31, 2012
Consolidated Earnings Report - Supplementary Information Consolidated Results ( ) 1. Consolidated Financial Highlights 2. Major Sales Sales Volume Data 3. Condensed Consolidated Statements of Income Condensed
More informationMain Points in the Results for FY2015
0 1 2 Main Points in the Results for FY2015 Operating profit increased to 75.4 billion yen, exceeding the goal of 75.0 billion yen for the final year of the medium-term management plan in the first year
More informationEarnings Report 1 st Quarter 2016 Grupo Viva Aerobus
Earnings Report 1 st Quarter 2016 Grupo Viva Aerobus Grupo Viva Aerobus announces results for the first quarter of 2016 Mexico City, Mexico, April 29, 2016- Grupo Viva Aerobus S.A. de C.V. ( Grupo Viva
More informationPPIAF Assistance in Swaziland
PPIAF Assistance in Swaziland July 2012 In 2002 PPIAF support was provided to the government of Swaziland to assess the regulatory, legal, and institutional framework necessary to concession Swaziland
More informationSHIP MANAGEMENT SURVEY. July December 2017
SHIP MANAGEMENT SURVEY July December 2017 INTRODUCTION The Ship Management Survey is conducted by the Statistics Department of the Central Bank of Cyprus and concentrates primarily on transactions between
More informationPRESS RELEASE VINCI QUARTERLY INFORMATION AT 31 MARCH 2014
Rueil Malmaison, 24 April 2014 PRESS RELEASE VINCI QUARTERLY INFORMATION AT 31 MARCH 2014 Revenue at 8.6 billion: +4.1% like-for-like VINCI Autoroutes traffic: +2.1% Encouraging growth at VINCI Airports:
More informationANA HOLDINGS Financial Results for the Three Months Ended June 30, 2018
ANA HOLDINGS NEWS ANA HOLDINGS Financial Results for the Three Months Ended June 30, 2018 TOKYO, July 31, 2018 ANA HOLDINGS INC. (hereinafter ANA HD ) today reports its financial results for the three
More informationInvestor update presentation. November 2016
Investor update presentation November 2016 Content Update on Q3 2016 financial performance 3-8 Recap on ATG Evolution 9-10 Update on hospitality strategic business unit 11-14 Update on online travel and
More information(STOCK CODE: 3633.HK)
To: Business Editor For Immediate Release (STOCK CODE: 3633.HK) Announces Its Annual Results for the Year Ended 31 December 2013 Turnover Increased by 13.7% to HK$3,130,885,000 Profit Attributable to Owners
More informationThank you for participating in the financial results for fiscal 2014.
Thank you for participating in the financial results for fiscal 2014. ANA HOLDINGS strongly believes that safety is the most important principle of our air transportation business. The expansion of slots
More informationGALAXY ENTERTAINMENT GROUP
GALAXY ENTERTAINMENT GROUP RECORD HALF YEAR GROUP ADJUSTED EBITDA OF $5.8 BILLION, UP 23% YEAR-ON-YEAR NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS GREW 35% TO $4.6 BILLION FURTHER STRENGTHENED LIQUID BALANCE
More informationAir China Limited Annual Results. March Under IFRS
Air China Limited 21 Annual Results Under IFRS March 211 Agenda Part 1 Highlights Part 2 Business Overview Part 3 Financial Overview Part 4 Outlook 2 Part 1 Highlights Steady Economic Growth; Asia Pacific
More informationTUI News Investor Relations
records very successful financial year 2013/2014 Merger with TUI Travel PLC about to be closed Significant outperformance against earnings targets in full financial year 2013/2014; earnings growth driven
More informationSound growth of passengers traffic, +4.7% compared to 2014, with a strong increase of international passengers representing 75,2% of total traffic;
PRESS RELEASE AEROPORTO GUGLIELMO MARCONI DI BOLOGNA: the Board of Directors approves draft and consolided financial stements as December, 31 2015: Sound growth of passengers traffic, +4.7% compared to
More informationINTESA SANPAOLO S.p.A. INTESA SANPAOLO BANK IRELAND p.l.c. 70,000,000,000 Global Medium Term Note Programme
PROSPECTUS SUPPLEMENT INTESA SANPAOLO S.p.A. (incorporated as a società per azioni in the Republic of Italy) as Issuer and, in respect of Notes issued by Intesa Sanpaolo Bank Ireland p.l.c., as Guarantor
More informationFinnair Q Result
17 August 2016 CEO Pekka Vauramo CFO Pekka Vähähyyppä Finnair Q2 2016 Result 1 Highlights of the second quarter The seventh consecutive quarter of profit improvement Fukuoka & Guangzhou route openings
More informationSummary o f Results for the First Half of FY2018
Summary o f Results for the First Half of FY2018 November 9, 2018 (9005) https://www.tokyu.co.jp/ Contents Ⅰ.Executive Summary 2 Ⅱ.Conditions in Each Business 6 Ⅲ.Details of Financial Results for the 13
More informationRamsay Health Care Limited Results Briefing Half Year ended 31 December 2018
Ramsay Health Care Limited Results Briefing Half Year ended 31 December 2018 Craig McNally, Group Managing Director & Bruce Soden, Group Finance Director 28 February 2019 ramsayhealth.com Agenda Group
More informationForward-Looking Statements Statements in this presentation that are not historical facts are "forward-looking" statements and "safe harbor
2017 Annual Meeting of Shareholders Presentation May 2017 Forward-Looking Statements Statements in this presentation that are not historical facts are "forward-looking" statements and "safe harbor statements"
More information2017 Amadeus IT Group and its affiliates and subsidiaries. Amadeus 2016 Results. February 24, 2017
Amadeus 2016 Results February 24, 2017 Disclaimer _ This presentation may contain certain statements which are not purely historical facts, including statements about anticipated or expected future revenue
More informationTHIRD QUARTER RESULTS 2018
THIRD QUARTER RESULTS 2018 KEY RESULTS In the 3Q18 Interjet total revenues added $ 6,244.8 million pesos that represented an increase of 7.0% over the revenue generated in the 3Q17. In the 3Q18, operating
More informationTHE GO-AHEAD GROUP PLC HALF YEAR RESULTS FOR THE SIX MONTHS ENDED 29 DECEMBER 2018
THE GO-AHEAD GROUP PLC HALF YEAR RESULTS FOR THE SIX MONTHS ENDED 29 DECEMBER 2018 BUSINESS OVERVIEW Continued good progress made in all three strategic pillars: protect and grow the core; win new bus
More informationPresentation on Results for the 2nd Quarter FY Idemitsu Kosan Co.,Ltd. November 14, 2018
Presentation on Results for the 2nd Quarter FY 2018 Idemitsu Kosan Co.,Ltd. November 14, 2018 Table of Contents 1. FY 2018 2nd Quarter Financials (1) Overview (2) Segment Information 2. Reference Materials
More informationREAL ESTATE PLAN ADOLFO SUÁREZ MADRID-BARAJAS AIRPORT
REAL ESTATE PLAN ADOLFO SUÁREZ MADRID-BARAJAS AIRPORT Adolfo Suárez Madrid-Barajas Airport A landmark airport 53.4 million Passengers +5.9% 387 thousand Operations +2.5% Gateway to Latin America 27 destinations
More informationFranchising and the future: what s next for the railways?
Franchising and the future: what s next for the railways? Richard Davies ATOC UK Rail Development and Investment 18 April 2012 Growth since privatisation 1,400 Passenger journeys per annum (millions) 1,200
More informationPERFORMANCE REPORT CAPACITY
PERFORMANCE REPORT 2015-2019 CAPACITY December 2018 Contents Description & Analysis 3 FABEC TRAFFIC DEVELOPMENT (en-route) 4 FABEC TRAFFIC DEVELOPMENT (arrival) 5 KPI #1: En-route ATFM delay per controlled
More informationAirline Costs and Financial Measurements. B. Ben Baldanza
Airline Costs and Financial Measurements B. Ben Baldanza Background Eleven years as CEO of Spirit Airlines Six Years as SVP of US Airways Three Years as President of TACA Three Years as SVP of Continental
More informationPRESS RELEASE INTESA SANPAOLO LAUNCHES ORDINARY SHARE BUY-BACK PROGRAMME FOR FREE ASSIGNMENT TO EMPLOYEES
PRESS RELEASE INTESA SANPAOLO LAUNCHES ORDINARY SHARE BUY-BACK PROGRAMME FOR FREE ASSIGNMENT TO EMPLOYEES Turin - Milan, 8 October 2015 Intesa Sanpaolo communicates that it will launch an ordinary share
More informationACI-NA/World Conference & Exhibition. PPPs: Will it work for your Airport?
ACI-NA/World Conference & Exhibition PPPs: Will it work for your Airport? Dr. Yiannis Paraschis CEO Athens International Airport & Chairman ACI World September 12 th 2012 Forms & level of privatisation
More informationPRESS RELEASE Financial Results. Rising passenger traffic at 12.5m Exceeding 1bn in consolidated revenue
PRESS RELEASE 2016 Financial Results Rising passenger traffic at 12.5m Exceeding 1bn in consolidated revenue Kifissia, 23 March 2017 AEGEAN reports full year 2016 results with consolidated revenue at 1,020m,
More informationPRESS RELEASE. Consolidated sales revenue +16.1%
PRESS RELEASE Damiani S.p.A.: The Board of Directors has approved the Interim Financial Report to 30 September 2013 relating to the first half of the financial year 2013/2014 Consolidated sales revenue
More informationFull go towards year end
Beni Stabili: 9-month 2017 rents Full go towards year end Milan: October 24 th, 2017 Growth in operating metrics 1.5% L-f-L rental growth excl. TI assets 95.5% financial occupancy 93.1% excluding TI portfolio
More information10TH ANNUAL WOLFE RESEARCH GLOBAL TRANSPORTATION CONFERENCE MAY 23, 2017
1 10TH ANNUAL WOLFE RESEARCH GLOBAL TRANSPORTATION CONFERENCE MAY 23, 2017 SAFE HARBOR This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform
More informationPRESS RELEASE VINCI - QUARTERLY INFORMATION AT 30 SEPTEMBER 2013
Rueil Malmaison, 24 October 2013 PRESS RELEASE VINCI - QUARTERLY INFORMATION AT 30 SEPTEMBER 2013 Year-to-date 2013 revenue: 29.5 billion (+4.7% actual; +3.6% comparable basis) Confirmation of VINCI Autoroutes
More information