Investor Presentaiton
Capex developments
■ Control of recurring capex
■ Slow ramp up of transformation capex
Capex* (in € million)
50
43
South Africa: beginning of site construction
H1 2015/16
* excluding capitalised development costs
H1 2016/17
New sites to meet customers' growing demand for a local presence
c. €300m transformation capex expected over next 3 years
ALSTOM - February 2016 - P 19
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