First Half 2021 Financial Results

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#1Naples Bari High Speed, Italy Gerald Desmond Replacement Bridge, USA webuild webuild Ship Canal Water Quality Project-Storage Tunnel, USA Metro Milan line 4, Italy LINATE ATROPORTO 4 USCITA First Half 2021 Financial Results 30 July 2021#2Agenda Business Update Pietro Salini Chief Executive Officer Financial Update Massimo Ferrari General Manager Corporate and Finance Outlook Pietro Salini Chief Executive Officer Q&A 2 webuild#3Highlights Key Facts Acceleration on de-risking process: ◉ Record New Orders in Core Markets: Italy, Australia, United States, France and Switzerland ◉ 70% Construction Backlog and 80% Revenues in low-risk areas Net Debt more than halved: down from €1.1bn to €0.5bn in last 12 months Positive outlook for infrastructure market in Italy and Worldwide, facing post pandemic economics recovery Completed Astaldi integration process; effectiveness expected by August 1, 2021 Solid growth in revenues (+42%) and EBITDA (+78%), as a results of operational resumption of construction sites and Astaldi acquisition Sharp gross debt reduction despite COVID-19 restrictions: €590m of reduction in respect of 2020 year end Our commitment to Sustainability and Innovation 92% of construction backlog related to projects linked to the advancement of Sustainable Development Goals (1) goals Launched 2021-2023 ESG Sustainability Plan; targets linked to greenhouse gas emissions, safety, gender diversity, innovation First Half 2021 Financial Results (1) United Nations' Sustainable Development Goals to be achieved by 2030 3 webuild#4Solid first half of the year amid global infrastructure investment boost A⚫ January Tap 2025 Bond €200m B⚫April Launched 2021-2023 ESG Sustainability Plan EGM approved the plan for demerger of Astaldi S&P affirmed BB- rating, improving outlook to stable Webuild among Europe Climate Leaders in FT ranking C⚫ July Fitch affirmed BB rating, improving outlook to stable 2021 A Q1 Q2 B Q3 up to date A⚫ March Contract on Messina - Catania railway (Taormina -Giampilieri) Best bidder on Pedemontana Lombarda highway - lot B2 & C Contract on Gotthard Tunnel Corporate Milestones . B May Contract for Kansas Citys Levees Flood Protection Project ⚫ June Contract on Naples - Bari railway (Orsara-Bovino) Contract for Texas High Speed railway Contract on Messina - Catania railway (Fiumefreddo-Taormina) Contract on Fortezza - Ponte Gardena railway C⚫July Contract for Turin-Lyon high- speed/high capacity railway Contract on Naples - Bari railway (Orsara-Hirpinia) Contract for Safe Host Data Centre Best bidder on North East Link Melbourne First Half 2021 Financial Results 4 webuild#5Outstanding order intake: € 9.6bn, reaching € 23bn with Texas high-speed railway mega contract € 9.6bn(1) Acquired or in the process of being finalized and tenders for which Webuild identified as best bidder 血 Mot Opp € 13.1bn Texas High-Speed Rail Project € 5.0.pn in Italy >70% in high speed railways Focus on low-risk areas USACE - Kansas City Levees - Argentine, Armourdale & CID Texas High-Speed Rail, Dallas- Houston New orders Best bidder Total per geographic area First Half 2021 Financial Results North America €13.8bn FRANCE Europe €1.4bn SWITZERLAND Data Center SafeHost Pedemontana Gotthard Tunnel Lombarda B2, C ⚫Turin-Lyon HS/HC Railway Base tunnel - lot 2 Oceania €2.1bn ITALY • Naples-Bari Lot Orsara-Hirpinia High Capacity Railway Fortezza-Ponte Gardena High Capacity Railway Naples-Bari High-Speed Railway Orsara-Bovino Section AUSTRALIA North East Link Primary Package Messina-Catania High Capacity Railway Lot 2, Taormina- Giampilieri Messina-Catania High Capacity Railway Lot 1, Fiumefreddo- Taormina/Letojanni (1) Data at July, 20 2021, including best offer as of €3.8bn 5 webuild#6Solid Backlog boosting visibility: ~5x 2021 revenue target Key Facts €43.3bn I Construction Backlog by geography Europe; 9% (9%) North America; 10% (11%) Construction Backlog by activity Total backlog(1), of which €34.5bn Construction (1) Italy; 44% (37%) Australia; 9% (10%) €35bn €35bn Middle East; 3% (4%) >90% Of project in backlog contribute to SDG(2) advancement Africa; 12% (16%) Sustainable Mobility; 68% (63%) South America; 8% (8%) Asia; 5% (5%) (..%) % in FY 2020 >65% Of project in backlog contribute low carbon >70% related to projects in low- risk countries (3) I Pro-forma Construction Backlog including Texas High Speed Railway and best offer North America; 32% Clean Water; 4% (3%) Other; 8% (11%) Green Buildings; 2% (2%) Clean Hydro Energy; 18% (21%) Low carbon; 68% €52bn Europe; 8% +55% Italy; 32% vs FY 2020 Australia; 10% Middle East; 2% South America; 5% Asia; 3% Africa; 8% (1) Not including tenders for which Webuild has been identified as best bidder, contracts awarded after June 30 and Texas High Speed Railway contract First Half 2021 Financial Results (2) United Nations' Sustainable Development Goals to be achieved by 2030 (3) Including Italy, North America, Europe and Australia 6 webuild#7Core strategic countries(1) make up bulk of revenues: over 80% in 1H 2021 Continuing focus on projects that contribute to SDG (2) advancement (93%) and to the fight against climate change (low carbon: 61%) Revenues by activity(3) Clean Hydro Energy; 14% Green Buildings; Low carbon; 61% Revenues in FY 2018 Revenues in 1H 2020 Revenues in 1H 2021 19% 13% 12% Europe 31% 19% 30% 26% 10% 22% North America 3% 3% 5% LatAm Italy 12% 8% 5% Africa 40% Top 10 projects revenues share (vs 41% in 1H 2020) (1) Including Italy, North America, Europe and Australia 5% Other; 7% Clean Water; 6%. 29% 18% 7% Sustainable Mobility; 68% Middle East 10% 11% 9% Asia & Australia First Half 2021 Financial Results (2) United Nations' Sustainable Development Goals to be achieved by 2030 7 webuild (3) Revenues from contracts with customers#8Astaldi integration Transaction structure On July 29th, 2021 all the conditions related to the partial and proportional demerger of Astaldi in favour of Webuild were met. The demerger is expected to become effective on August 1st, 2021 Pre Spin-off Astaldi shareholders webuild 33.9% 66.1% Post Spin-off Webuild shareholders Astaldi shareholders "New foundation" 100% 203 Webuild ordinary shares for I every 1,000 Astaldi ordinary shares ASTALDI ASTALDI webuild "Patrimonio Destinato(1)" Going Concern Activities Going Concern Activities "Patrimonio Destinato(1)" Brennero Base Tunnel Italy Milan Underground M4 line Italy 1-405 Motorway USA Danube Braila Bridge Romania First Half 2021 Financial Results (1) Liquidation Perimeter, created on May 24, 2020 in the context of Astaldi composition with creditors procedure 8 webuild#9Commercial efforts focused on Italy, Europe, North America and Australia Key Facts €7.0bn awaiting outcome (1), of which €0.8bn related to maintenance works on Italian infrastructures ~€34bn Commercial pipeline for the remainder 2021 and beyond First Half 2021 Financial Results I I Commercial pipeline by geography Core addressable market 21-23 Commercial pipeline(1) 15% North America 3% Latam Total €125bn 37% Total €34bn 19% Europe Italy 7% 12% Middle East Australia 5% Africa Commercial pipeline Commercial pipeline (1) (€/bn) Commercial pipeline by type of works Awaiting outcome 7.0 Tenders to be presented 11.6 Prequalifications 8.7 Hydro; 6% Other; 18% Main Monitoring Initiatives 7.0 Road; 32% €34bn Plants; 5% Total Webuild Group 34.3 (1) Excluding tenders for which Webuild has been identified as best bidder Rail; 39% 9 webuild#10Encouraging outlook under Italian National Plan for Recovery and Resilience(1) Key Facts Main high speed railway included in the PNRR €10bn Of infrastructure projects included in PNRR where Webuild is already active I €24bn Total value of strategic infrastructure projects included in PNRR(1) Fortezza-Verona Lots 1-7 €1.6bn €0.9bn Liguria-Alps (Milan-Genoa/Milan-Turin) €4.0bn €4.0bn €20bn(3) projects still to be tendered Palermo-Catania- Messina €4.1bn €1.4bn €15bn PNRR direct financing (1) Naples-Bari €3.8bn €1.4bn High Speed track included in PNRR (1) (1) PNRR: Piano Nazionale di Ripresa e Resilienza - italian Recovery Plan €10bn Additional funds in Infrastructure Ministry plan thanks to budget review Brescia-Verona-Padua €6.1bn €3.7bn + Orte-Falconara €0.7bn €0.5bn Rome-Pescara €0.7bn €0.6bn €1bn in MIMS (2) plan Taranto-Metaponto-Potenza -Battipaglia €0.7bn €0.5bn Salerno-Reggio Calabria €2.5bn €1.8bn + 9.4bn in MIMS (2) plan First Half 2021 Financial Results (2) MIMS: Ministero delle Infrastrutture e della Mobilità Sostenibili - italian Infrastructure Ministry (3) Including additional funds in MIMS plan as per note (2) 10 webuild#11Agenda Financial Update Massimo Ferrari General Manager Corporate and Finance 11 webuild#121H 2021 Operating Results improve as activities steadily return to pre-COVID levels Top line growth by 42% as a result of operational resumption of construction sites and Astaldi acquisition, despite restrictive measures still in place across different markets Profitability improvement: EBITDA up +78%, EBIT up +182% driven by operations recovery 1H margins still affected by: . • Sub-optimal efficiency on some sites due to COVID-19 restrictions Frontloaded restructuring costs related to Astaldi integration to generate benefits over 2021-23 plan (Єm) Operating results I I 2,213 Revenues +42% 3,137 1H 2020 (1) (1) 1H 2021 EBITDA margin 5.0% 6.3% +78% 198 EBITDA 111 EBIT margin 1H 2020 (1) 1H 2021 (1) 1.6% • Marginal short-term EBIT squeeze due to raw material cost inflation I | 35 2.0% +182% 61 (1) (1) 1H 2020 1H 2021 First Half 2021 Financial Results (1) Adjusted data for details please refer to the appendix; 1H 2020 does not include Astaldi 3.2% 99 1H 2021 - adjusted for PPA ammortization 12 webuild#131H 2021 Group Net Income (Єm) EBIT 1H 2020 (1) 1H 2021 (1) Var Net Financial charges (Єm) 1H 2020(1) 1H 2020(1) Var 35 61 26 Bank charges and commissions (24) (24) (0) Financial income 43 29 (14) Financial expenses (77) (102) (26) Bond charges Leasing Other (19) (36) A (16) (3) (3) 0 (31 (39) B (8) Net exchange rate (losses) (14) 19 34 Financial charges (77) (102) (26) Net Financial income (costs) (49) (54) (5) Gain (losses) on investments (11) (18) (7) Net financing costs and net (59) (72) (13) A Including €5.6m of costs related to 2021 bond repaid in June 2021 Mainly related to de-valuation of financial assets and expenses for inflation adjustments gains on investments EBT (24) (10) 13 Income taxes (27) (54) (27) Tax burden - potentially recoverable in the coming years - mainly related to a positive major claim settlement Profit (loss) from (50) (64) (14) continuing operations 11 41 38 Profit (loss) from (0) (3) (3) discontinued operations 42 Non controlling interests 2 9 6 Net Income (loss) (48) (59) (11) a (59) First Half 2021 Financial Results (1) Adjusted data for details please refer to the appendix; 1H 2020 does not include Astaldi (2) Impacts are netted by figurative tax rate at 39% 13 webuild#14Net Debt more than halved in last 12 months, despite COVID-19 restrictions Key Facts 6540m Net Financial Position (vs €1,099m vs 1H 2020) >€590m Gross Debt reduction (vs FY 2020) €1.7bn of total cash and €300m of RCF undrawn (Єm) 1H 2020(1) 2021 1H Var I EBITDA for cash 83 178 95 I purposes I AWC (330) 115 1 445 Net Capex (47) (98) 2 (50) Other (52) (26) 26 Cash flow from 2 (347) 169 516 operations Net Interests (34) (39) (4) 3 Strong cash flow generation despite typical working capital first half cyclicality 1 Working capital sharply improves against 1H 2020 and usual seasonality in an environment still affected by pandemic, thanks to: ■ solid order intake and related advance payments improvement of cash collection Mainly related to ramp up of Snowy 2.0 Cash out on court ruling on Panama Canal for €91m Taxes (27) (60) (33) OFCF before dividends (408) & extraordinary items 70 70 478 Net Financial Position I Dividends/(Capital (Єm) 1H 2020 FY 2020 1H 2021 injection) on equity (20) (85) 3 (65) investments Dividends to (27) (48) (21) shareholders Total Cash & Other Financial Assets Bank Loan and other loans 1,994 3,116 2,423 (1,726) (1,845) (1,286) Other (11) I (35) (24) Bond (1,227) (1,536) (1,520) I Change on net Leasing (154) (178) (157) financial position (467) (98) 369 SPV Net Debt (0) (1) (5) Total Gross Debt (3,107) (3,560) (2,968) Net derivatives 1 5 SPV Net Cash 14 0 0 Net Financial Position (1,099) (442) (540) (1) 1H 2020 does not include Astaldi First Half 2021 Financial Results (2) Total Webuild Group (including Lane & Astaldi) 14 webuild#15Limited debt maturities until mid-year 2022 Key Facts €237m June 2021 bond repaid €200m New bond issued in Jan. 2021 3.5% Average Cost of Debt >3.5 years Debt duration First Half 2021 Financial Results I € m 450 M/L Corporate Debt - schedule as at June 2021 750 500 250 5 3 52 41 2021 2022 2023 2024 2025 2026 2027 % on 1% 22% 2% 27% 37% 0% 12% total Bank Bond 24% ■ Fixed 27% ■ Bond Rate composition Debt structure 76% ■ Variable 73% ■ Bank Average M/L Corporate Cost of Debt 3.5% Duration (years) 3.55 15 webuild#16Agenda Outlook Pietro Salini Chief Executive Officer 16 webuild#17Strategic Drivers 2021-23 Guidelines Consolidate presence in Italy • • Accelerating work on projects in the order book Taking advantage of the Group's greater scale to seize opportunities arising from Italy's latest measures for the infrastructure sector (PNRR(1), new advance payment regime and a simplified tender procedure) Expand in adjacent segments that can enable greater diversification of the order backlog and cash flow, such as infrastructure maintenance in Italy De-risk the order backlog by taking advantage of opportunities offered by a trend towards more infrastructure investment in markets with low risk profiles(2) Continue to implement an operational efficiency program worth €120m by 2023, enabled by the digitalization of core processes (e.g. knowledge management, bid-to-win, field process automation and control, workforce planning) Greater cash flow as a result of low risk contracts, operational efficiencies and assets monetization Focus on Environmental, Social and Governance (ESG), favoring infrastructure projects that help reduce harmful gas emissions, all the while guaranteeing high worker safety standards. (1) PNRR: Piano Nazionale di Ripresa e Resilienza 17 First Half 2021 Financial Results webuild (2) Including Italy, North America, central and northern Europe and Australia#182021-2023 Financial Trajectory of Core Business ΚΡΙ Average Book-to-bill (x) Range Revenues(2) (€bn) 2021 6.5 7.2 EBITDA Margin % -8% Net Debt (€m) >1.0(1) 100-130m 2023 7.4 H 8.3 >8.5% (500) (300) Annual reduction H (300) (40) H These targets may be susceptible to change as a result of the unpredictable nature of the COVID-19 pandemic (1) Excluding Texas HSR First Half 2021 Financial Results (2) Starting from 2023 include Texas HSR start-up, that is expected to go at full speed in 2024 (ca. 6 years expected timing for project completion) 18 webuild#19Our Sustainability Strategy and priorities... #Welnvest in Sustainability Green Builders 6 CLEAN WATER AND SANITATION 7 AFFORDABLE AND CLEAN ENERGY 9 INDUSTRY, INNOVATION AND INFRASTRUCTURE 11 SUSTAINABLE CITIES AND COMMUNITIES 12 RESPONSIBLE CONSUMPTION AND PRODUCTION QO Safe and Inclusive Builders 3 GOOD HEALTH AND WELL-BEING 5 GENDER EQUALITY 8 DECENT WORK AND ECONOMIC GROWTH 10 REDUCED INEQUALITIES 16 PEACE, JUSTICE AND STRONG INSTITUTIONS Innovative and Smart Builders 9 INDUSTRY, INNOVATION AND INFRASTRUCTURE 13 CLIMATE ACTION 13 CLIMATE ACTION With clear and ambitious targets -35% Carbon intensity(1) (2022 vs 2017) -40% Lost Time Injury Frequency (LTIFR)(2) (2022 vs 2017) 20% Female identified in key roles' succession planning (by 2023) +€30m Additional investments in high potential innovative projects (by 2023) First Half 2021 Financial Results (1) CO2 scope 1-2/€m revenue. Scopel: emissions from fuels. Scope2: emissions from electricity (2) Injuries occurred per 1 million worked-manhours 19 webuild#20... are highly appreciated by independent ratings webull Main ESG Ratings MSCI ESG CDP Climate ISS ESG Vigeo Eiris EcoVadis vet Rating A Rating B Rating Prime Rating Advanced Rating Gold First Half 2021 Financial Results MSCI ESG RATINGS CDP DISCLOSER 2020 GOLD Corporate ESG Performance Prime vigeQeiris 2020 ecovadis Sustainability CLIMATE RATED BY CCC B BB BBB AA AAA ISS ESG A C+ 60 22 72 B B BB C+ 53 62 62 2018 2021 2018 2020 2018 2020 2018 2020 2018 2020 Europe Climate Most recent sustainability awards Italian Sustainability ROSPA Leaders 2021 Leaders 2021 Gold Award 2021 FT FINANCIAL TIMES statista Il Sole ORE statista 2021 ROSPA Gold Award New San Giorgio Genoa bridge 20 20 webuild#21Appendix 21 webuild#22Our contribution to Sustainable Development Goals(1) webuild a sustainable world We improve people's lives Enhancing local economies Adopting the highest ESG standards 13 CAST 16 WRIN 3 12 #8 11 ABSO 87m People benefiting from ongoing Group's projects 10 M 6 7,000 857m Additional hospital m³ of treated water beds GOOD HEALTH AND WELL-DOING W daily 6 CLEAN WATER AND SANITATION 9 82% Local personnel hired Best-in-class Safety performance 91% 40% Local purchases Women in the BoD 8x Total jobs created for each direct employee (2) 7 years Consecutive GHG emissions reduction €3.5x GDP generated for each euro of added value (2) ע ESG criteria In the LTI Remuneration Plan Advancing Sustainable Development Goals (1) to be delivered with our backlog 14,000 MW New renewable hydro capacity AFFORDABLE AND CLEAN ENERGY 55% High speed's travel time average reduction 9 INDUSTRY, INNOVATION AND INFRASTRUCTURE 3.2m Avoidable car journeys per day thanks to metro projects 11 SUSTAINABLE CITIES AND COMMUNITIES 19m + CO2 avoidable per year (2) 13 CLIMATE ACTION (1) First Half 2021 Financial Results (2) United Nations' Sustainable Development Goals to be achieved by 2030 From ongoing hydro, rail and metro projects once operational 22 webuild#23Income Statement Webuild Group Reclassified statement of profit or loss adjusted Financial Statement June 30, 2021 1st half 2020 Adjusted 1st half 2021 Adjusted (€/000) Total revenue and other income Webuild Joint ventures not Condotte out-of-court Group controlled by Lane (*)| agreement (**) Webuild Total Adjusted Joint ventures not Group controlled by Lane (*) Total Adjusted 2,033,181 179,929 2,213,111 3,047,148 90,324 3,137,472 Gross operating profit (EBITDA) 87,127 8,798 15,000 EBITDA % 4.3% 4.9% 110,925 5.0% 183,354 14,234 197,588 6.0% 15.8% 6.3% Impairment losses (27,118) 20,284 Provisions, amortisation and depreciation (68,829) Operating profit (loss) (EBIT) (8,820) 8,798 35,284 R.O.S. % -0.4% 4.9% (6,834) (68,829) 35,262 1.6% (6,360) (129,905) 47,089 1.5% 14,234 (6,360) (129,905) 61,323 15.8% 2.0% Financing income (costs) and gains (losses) on equity investments Financial income 42,629 42,629 29,101 Financial expenses (76,773) (76,773) (102,360) 29,101 (102,360) Net exchange gains (losses) (14,487) (14,487) 19,461 19,461 Net financing income (costs) (48,631) (48,631) (53,798) (53,798) Net gains (losses) on equity investments (1,726) (8,798) (10,524) (3,730) (14,234) (17,964) Net financing income (costs) and net gains (losses) on (50,357) (8,798) (59,155) (57,528) (14,234) (71,762) equity investments Profit (loss) before taxes (EBT) (59,177) 35,284 (23,893) (10,439) (10,439) Income taxes (26,577) (26,577) (54,052) (54,052) Profit (loss) from continuing operations (85,754) 35,284 (50,470) (64,491) (64,491) Profit (loss) from discontinued operations (3,448) (3,448) Profit (loss) before non-controlling interests (85,754) 35,284 Non-controlling interests 2,211 (50,470) 2,211 (67,939) (67,939) 8,583 Profit (loss) for the period attributable to the owners of the parent (83,543) 35,284 (48,259) (59,356) 8,583 (59,356) (*) The Group monitors the key figures of Lane Group for management purposes adjusting the IFRS figures prepared for consolidation purposes to present the results of the non-subsidiary joint ventures consolidated on a proportionate basis. These figures show the status of contracts managed directly by Lane Group or through non-controlling investments in joint ventures (**) The figures shown are adjusted economic data of the effects of the Settlement Agreement with Società Italiana per Condotte d'Acqua S.p.A. in A.S. ("Condotte") which, during the first half of 2020, entailed the recognition of a total amount of € 81 million to Condotte, of which € 66 million through the waiver of the Consortium's receivables from Condotte itself and € 15 million through cash payments. Considering that, at December 31, 2019, a bad debt provision of € 46 million had been posted, the overall effect of the settlement agreement is a charge of € 35 million, of which € 20 million as a loss on receivables - resulting from the waiver to the credit of 66 million net of the use of the aforementioned fund - and € 15 million classified under various management charges, as a transaction charge First Half 2021 Financial Results 23 webuild#24Income Statement Webuild Group Reclassified statement of profit or loss Financial Statement June 30, 2021 1H 2020 1H 2021 (€/000) Total revenue and other income Gross operating profit (EBITDA) EBITDA % 2,033,181 87,127 4.3% 3,047,148 183,354 6.0% Impairment losses (27,118) Provisions, amortisation and depreciation (68,829) (6,360) (129,905) Operating profit (loss) (EBIT) (8,820) 47,089 R.O.S.% -0.4% 1.5% Financing income (costs) and gains (losses) on equity investments Financial income 42,629 29,101 Financial expenses (76,773) (102,360) Net exchange gains (losses) (14,487) 19,461 Net financing income (costs) (48,631) (53,798) Net gains (losses) on equity investments (1,726) (3,730) Net financing income (costs) and net gains (losses) on equity investments (50,357) (57,528) Profit (loss) before taxes (EBT) (59,177) (10,439) Income taxes (26,577) (54,052) Profit (loss) from continuing operations (85,754) (64,491) Profit (loss) from discontinued operations (3,448) Profit (loss) before non-controlling interests (85,754) (67,939) Non-controlling interests 2,211 8,583 Profit (loss) for the period attributable to the owners of the parent (83,543) (59,356) First Half 2021 Financial Results 24 webuild#25Statement of Financial Position Webuild Group Reclassified statement of financial position Financial Statement June 30, 2021 31 december (€/000) Non-current assets Goodwil 30 june 2020 2020 1,337,742 1,868,750 76,291 70,020 30 june 2021 1,975,269 72,151 Non-current assets (liabilities) held for sale (5,061) (4,561) Provisions for risks (129,815) (196,351) (197,009) Post-employment benefits and employee benefits (70,305) (63,349) (51,509) Net tax assets 377,896 371,651 382,007 Inventories 157,874 198,325 197,793 Contract assets 1,998,152 2,754,203 2,538,749 Contract liabilities (1,240,977) 1,934,971 (2,238,023) (2,703,236) (2,132,476) (2,177,916) 1,888,051 Receivables (**) Liabilities (**) Other current assets 609,100 1,006,796 Other current liabilities (313,437) (530,544) 2,323,709 (2,895,470) 961,027 (577,127) Working capital 907,659 481,118 370,766 Net invested capital 2,499,468 2,526,778 2,547,113 Equity attributable to the owners of the parent 1,269,044 1,428,990 1,355,287 Non-controlling interests 131,876 655,893 651,801 Equity 1,400,919 2,084,882 2,007,087 Net financial indebtedness 1,098,548 441,895 540,026 Total financial resources 2,499,468 2,526,778 2,547,113 (**) This item shows liabilities of € 9.4 million and assets of € 4.0 million classified in net financial indebtedness and related to the Group's net amounts due from/to consortia and consortium companies (SPEs) operating under a cost recharging system and not included in the consolidation scope. The balance reflects the Group's share of cash and cash equivalents or debt of the SPEs. The Group's exposure to the SPES was shown under "Liabilities" for € 3.3 million and "Assets" for € 1.8 million at 31 December 2020 First Half 2021 Financial Results 25 25 webuild#26Net Financial Position Webuild Group Net financial indebtedness Financial Statement June 30, 2021 31 december (€/000) 30 june 2020 2020 30 june 2021 Non-current financial assets 424,403 321,951 319,094 Current financial assets 237,901 339,003 388,762 Cash and cash equivalents 1,331,827 2,455,125 1,714,739 Total cash and cash equivalents and other financial assets 1,994,132 3,116,079 2,422,595 Bank and other loans and borrowings (731,129) (767,494) (778,487) Bonds (745,491) (1,288,620) (1,486,182) Lease liabilities (93,411) (98,881) (97,902) Total non-current indebtedness (1,570,031) (2,154,995) (2,362,571) Current portion of bank loans and borrowings and current acc (995,001) (1,077,309) (507,384) Current portion of bonds (481,520) (246,910) (33,502) Current portion of lease liabilities (60,924) (79,557) (58,644) Total current indebtedness (1,537,447) (1,403,776) (599,530) Derivative assets 1,269 2,259 4,895 Derivative liabilities (7) (0) (0) 13,536 (1,461) (5,414) Net financial position with unconsolidated SPES (**) Total other financial assets (liabilities) 14,797 797 (519) Net financial indebtedness continuing operations Net financial indebtedness - discontinued operations Net financial indebtedness including discontinued operations -> (1,098,548) (441,895) (540,026) 116 117 (1,098,548) (441,779) (539,909) Total gross indebtedness (3,107,477) (3,560,233) (2,967,516) (**) This item shows the group's net amounts due from/to unconsolidated consortia and consortium companies operating under a cost recharging system. The balance reflects the group's share of cash and cash equivalents or debt of the SPEs. The items making up these balances are shown under trade receivables and payables, respectively, in the consolidated financial statements. First Half 2021 Financial Results 26 26 webuild#27Safe Harbour This presentation may contain forward-looking objectives and statements about Webuild's financial situation, operating results, business activities and expansion strategy. These objectives and statements are based on assumptions that are dependent upon significant risk and uncertainty factors that may prove to be inexact. The information is valid only at the time of writing and Webuild (Salini Impregilo) does not assume any obligation to update or revise the objectives on the basis of new information or future or other events, subject to applicable regulations. Additional information on the factors that could have an impact on Webuild's (Salini Impregilo) financial results is contained in the documents filed by the Group with the Italian Securities Regulator and available on the Group's website at www.webuildgroup.com or on request from its head office. First Half 2021 Financial Results 22 27 webuild#28Thank you webuild

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