Earnings Release • Apr 4, 2016
Earnings Release
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4 April 2015
PAGE 16 PAGE 26
Europe
Africa
Latin America
| 2 0 1 5 |
2 0 1 4 |
Yo Y |
4 Q 1 5 |
Yo Y |
l i i i % E B I T D A 1 5 t t m a r g n r e s e n a |
|
|---|---|---|---|---|---|---|
| Tu rn ov er |
2, 4 3 4 |
2, 3 6 8 |
% 3 |
6 4 0 |
% 1 1 |
|
| E B I T D A |
3 6 7 |
4 0 9 |
( % ) 1 0 |
1 1 5 |
% 2 0 |
|
| in Ma rg |
% 1 5 |
% 1 7 |
( ) 2 p .p. |
% 1 8 |
0 p .p. |
|
| I E B T |
1 6 8 |
2 7 3 |
( ) 3 8 % |
5 6 |
( ) 2 % 7 |
|
| in Ma rg |
% 7 |
1 2 % |
( ) 5 p .p. |
9 % |
( ) 5 p .p. |
|
| f l Ne ina ia inc t nc om e |
( ) 1 3 5 |
( ) 1 3 1 |
( % ) 3 |
( ) 5 6 |
( % ) 2 0 |
|
| As iat so c es |
6 7 |
( ) 1 9 |
n m n.m |
3 2 |
n m n.m |
|
| E B T |
1 0 0 |
1 2 3 |
( ) % 1 8 |
3 2 |
% 3 5 |
d h d f i M t n a n e r e c o r n g o p r o v |
| inc Ne t om e |
5 4 |
8 3 |
( ) % 3 5 |
1 7 |
% 6 2 |
|
| i bu b le Att ta to r : |
f € 3 2 M t a s s e s o c. n |
|||||
| l l ing int No tro sts n‐c on ere |
3 5 |
3 3 |
% 7 |
1 4 |
% 4 4 |
|
| Gr ou p |
1 9 |
5 1 |
( ) 6 2 % |
3 | 2 7 2 % |
| 2 0 1 5 |
2 0 1 4 |
Y Y o |
4 Q 1 5 |
Y Y o |
|
|---|---|---|---|---|---|
| Tu rn ov er |
2 2, 4 4 3 3 4 4 |
2 2, 3 3 6 6 8 8 |
3 % |
||
| Eu rop e |
9 9 4 |
9 3 1 |
7 % |
2 3 8 |
( ) 1 6 % |
| fr ica A |
8 3 5 |
1 0 6 2 |
( ) % 2 1 |
2 4 2 |
% 9 |
| La in Am ica t er |
7 0 0 |
5 3 7 |
3 0 % |
1 9 3 |
1 9 % |
| he d O int t a r n erc |
( ) 9 5 |
( ) 1 6 2 |
4 1 % |
( ) 3 2 |
6 3 % |
| E B I T D A |
3 6 7 |
4 0 9 |
( ) 1 0 % |
1 1 5 |
2 0 % |
| in Ma rg |
1 % 5 |
1 % 7 |
( ) 2 p .p. |
1 8 % |
0 p .p. |
| Eu rop e |
1 2 1 |
9 7 |
% 2 5 |
3 8 |
% 3 8 |
| Ma in rg |
1 2 % |
1 0 % |
2 p .p. |
1 6 % |
5 p .p. |
| fr ica A |
6 1 7 |
2 7 5 |
( ) 3 6 % |
5 7 |
( ) % 1 |
| Ma in rg |
% 2 1 |
% 2 6 |
( ) 5 p .p. |
% 2 3 |
( ) 2 p .p. |
| La in Am ica t er |
7 6 |
3 7 |
1 0 7 % |
2 8 |
n.m |
| in Ma rg |
1 1 % |
% 7 |
4 p .p. |
1 4 % |
1 3 p .p. |
| he d O int t a r n erc |
( ) 6 |
1 | n.m | ( ) 8 |
1 9 8 % |
| 1 j P t r o e c |
( ) R € M a n g e n |
C t o u n r y |
S t e g m e n |
|---|---|---|---|
| l h h i G C r a n a n a g w a y |
2 5 0 > |
i M e x c o |
d R o a s |
| b l h l d l l U i i G j T t r a n g r a a a a a r a n n e u u – |
2 5 0 > |
M i e c o x |
l R i a a w y |
| l l C i i i C H M t t w a n g e o o e r y n n g o n r a c |
[ ] 2 0 0 2 0 5 ; |
b b i Z m a w e |
i i M n n g |
| d l h h C P R i i a r e o z a c a g w a y ‐ |
[ ] ] 2 0 0 2 5 0 ; |
M i e x c o |
d R o a s |
| l C D a u e q u e a m |
[ ] 2 0 0 2 0 5 ; |
l A n g o a |
P o w e r |
| h h i i T T u x p a n‐ a m p c o g w a y |
[ [ 1 5 0 2 0 0 ; |
i M e x c o |
d R o a s |
| h h d l B R‐ 3 8 1 i i i t g a a s a o n w y u |
[ [ 1 5 0 2 0 0 ; |
l B i r a z |
d R o a s |
| b l h l d l d i i j i U G V 1 t t r a n g r a u a a a a r a a u c o – |
[ [ 1 5 0 2 0 0 ; |
i M e x c o |
l i R a w a y |
| l h b l S I I i i i i t t e n a n e r e a a o n |
[ [ 1 5 0 2 0 0 ; |
b M i o a m q e z u |
l R i a a w y |
| d h b l i i i G E t t t t r e a a s r o a r e a a o n |
[ [ 1 0 0 1 5 0 ; |
b i Z a m a |
d R o a s |
| l d b R L B e a e s a m a s a m a s v , |
[ [ 1 0 0 1 5 0 ; |
P e r u |
P o e r w |
Net
capex (€ Mn) Capex in 2015 by region (€ Mn)
| 2 0 1 5 |
2 0 1 4 |
|
|---|---|---|
| d b i i N P t t t t t e e s a r o s o n |
1, 1 5 9 |
9 7 2 |
| E B I T D A |
3 6 7 |
4 0 9 |
| h k l C i i i t a n g e n o r n g c a p a w |
( ) 2 8 |
( ) 1 7 2 |
| f i h‐ l O t p e r a n g c a s o w |
3 3 9 |
2 3 7 |
| i M t a n e n a n c e c a p e x |
( ) 9 2 |
( ) 1 0 7 |
| l i i N F t e n a n c a s |
( ) 3 1 5 |
( ) 3 1 1 |
| C t t o r p o r a e a x |
( ) 6 4 |
( ) 0 4 |
| h‐ f l b f h F t r e e c a s o w g r o w c a p e x |
6 5 |
( ) 4 1 |
| h G t r o w c a p e x |
( ) 5 4 |
( ) 1 1 3 |
| d d d d D D i i i i v e n s |
( ) 3 8 |
( ) 4 8 |
| / h l & C i i t t a n g e s n m e r m p e r m e e r |
( ) 2 9 8 |
1 5 |
| l F i i t n a n c a a s s e s |
2 9 |
‐ |
| h i d b i i C t t a n g e n e p o s o n |
2 9 6 |
1 8 7 |
| d b d i i N t t t e e e n p o s o n |
1, 4 5 5 |
1, 1 5 9 |
| 1 / d b N E B I T D A t t e e |
3 3. 6 6 x x |
2 2. 8 8 x x |
| 2 / d b N I A E B T D t t e e |
3. 2 x |
‐ |
debt/EBITDA 2 3.2x ‐
| D 1 5 e c. |
S 1 5 e p. |
D 1 4 e c. |
D D e c.‐ e c. |
S D e c.‐ e p. |
| ||
|---|---|---|---|---|---|---|---|
| d F ixe ets a ss |
1 1, 4 4 9 9 0 0 |
1 1, 2 2 9 9 2 2 |
1 1, 0 0 3 3 6 6 |
4 5 4 |
1 9 8 |
‐ | |
| ina ia l inv F tm ts nc es en |
1 7 9 |
3 4 1 |
2 8 2 |
( ) 1 0 3 |
( ) 1 6 2 |
||
| iva b les Lo te ng rm rec e |
9 9 1 |
2 6 0 |
2 2 8 |
( ) 2 9 |
( ) 6 0 |
h l d f l ( f l b l i i i i t t e o r s a e n e o a e s |
|
| he l d fo le ( ) No As t ts t n‐c urr en se r s a ne |
4 6 8 |
2 1 6 |
3 0 |
4 3 8 |
2 5 2 |
||
| k l W ing ita or ca p |
4 7 5 |
6 5 9 |
4 4 8 |
2 8 |
( ) 1 8 3 |
||
| 2 2, 8 8 1 1 2 2 |
2 2, 7 7 6 6 8 8 |
2 2, 0 0 2 2 4 4 |
7 8 8 |
4 4 |
| ||
| Eq ity u |
6 9 2 |
6 8 0 |
5 7 8 |
1 1 4 |
1 3 |
||
| Pro is ion v s |
1 2 2 |
1 2 8 |
1 2 5 |
( ) 3 |
( ) 6 |
f l d b l i i t r e e c s e c r e a s e n r e c e v a |
|
| b les Lo te ng rm p ay a |
3 5 4 |
0 4 5 |
6 2 1 |
3 8 1 |
3 8 1 |
||
| 1 de bt Ne t |
1, 4 5 5 |
1, 5 5 5 |
1, 1 5 9 |
2 9 6 |
( ) 1 0 1 |
||
| 2, 8 1 2 |
2, 6 8 7 |
2, 0 2 4 |
8 8 7 |
4 4 |
| ||
| d l Inv Ca ita te es p |
2, 1 4 7 |
2, 2 3 5 |
1, 7 3 6 |
4 1 0 |
( ) 8 8 |
Tertir (at 3Q15), Indaqua and Ascendi (at 4Q15) reclassified as Non Current Assets held for sale (net of liabilities)
Working capital decrease in 4Q15 mainly reflects decrease in receivables
Long‐term payables mainly related to EGF, namely investment subsidies and regulatory liabilities
Gross
debt maturity, December 2015 (€ Mn) Net debt, December 2015 (€ Mn)
Liquidity position, December 2015 (€ Mn) Total liquidity position of €706 Mn
EGF
PAGE 3
PAGE 16 PAGE 26
Europe
Africa
Latin America
| 2 0 1 5 |
2 0 1 4 |
Y Y o |
Q 4 1 5 |
Y Y o |
|
|---|---|---|---|---|---|
| Tu rn ov er |
9 9 4 |
9 3 1 |
% 7 |
2 3 8 |
( ) % 1 6 |
| & E C |
6 0 2 |
5 9 9 |
1 % |
1 2 2 |
( ) 3 5 % |
| E & S |
3 9 6 |
3 3 8 |
1 7 % |
1 1 8 |
2 3 % |
| W te as |
1 7 3 |
8 2 |
1 1 1 % |
6 4 |
1 7 4 % |
| is ics Lo t g |
2 0 5 |
2 0 7 |
( ) % 1 |
8 4 |
( ) 6 % 1 |
| & En Ma in te erg y na nc e |
1 9 |
4 8 |
( ) 6 1 % |
5 | ( ) 6 5 % |
| he he l l d O O im im in in t t te te r r, e e an rc rc. |
( ) 5 |
( ) 5 |
3 % |
( ) 1 |
1 1 % |
| E B I T D A |
2 1 1 |
9 7 |
2 % 5 |
3 8 |
3 8 % |
| in M ar g |
1 2 % |
1 0 % |
2 p .p. |
1 6 % |
5 p .p. |
| & E C |
4 0 |
3 8 |
5 % |
1 0 |
n.m |
| M in ar g |
7 % |
6 % |
0 p .p. |
8 % |
3 p .p. |
| E & S |
8 1 |
5 9 |
3 8 % |
2 9 |
4 2 % |
| in M ar g |
2 0 % |
% 1 7 |
3 p .p. |
2 % 4 |
3 p .p. |
| W te as |
5 5 |
2 1 |
% 1 6 1 |
2 2 |
% 1 7 3 |
| M in ar g |
3 2 % |
2 6 % |
6 p .p. |
3 5 % |
( ) 0 p .p. |
| Lo is ics t g g |
2 5 |
3 3 |
( ( ) ) 2 4 % |
6 | ( ( ) ) 4 2 % |
| M in ar g |
1 2 % |
1 6 % |
( ) 4 p .p. |
1 3 % |
( ) 6 p .p. |
| & in En Ma te erg y na nc e |
1 | 4 | ( ) 6 2 % |
0 | ( ) 6 8 % |
| in M ar g |
% 8 |
% 8 |
( ) 0 p .p. |
% 7 |
( ) 2 p .p. |
| he l d O im in t te r, e . a n rc. |
0 | 0 | n.m | 0 | n.m |
E&C turnover negatively impacted by the reduction of activity in Portugal, mainly in 4Q15
Backlog by sub‐region
Guadalajara light rail works, Mexico Necaxa hydro plant, Mexico
Operations ongoing with hydro plants already operating in the wholesale market
will be a year of significant project execution CCGT Purchasing Power Agreement still under discussion with the Government
PAGE 3
PAGE 16 PAGE 26
Europe
Africa
Latin America
This presentation used sources deemed credible and reliable but is not guaranteed as to accuracy or completeness. It also contains forward looking information that expresses management's best assessments but might prove inaccurate. The information contained in this presentation is subject to many factors and uncertainties and therefore subject to change without notice. The company declines any responsibility to update, revise or correct any of the information hereby contained. This presentation does not constitute an offer or invitation topurchase securities of Mota‐Engil nor any of its subsidiaries subsidiaries.
The financial information presented in this document is non‐audited.
João VermelhoDirector, Head of Investor Relations
Maria Anunciação Borrega Investor RelationsOfficer
Email:maria.borrega@mota‐engil.pt
Rua de Mário Dionísio, 2 2796-957 Linda 957 Linda-A-Velha Portugal Velha Tel. +351-21-415-8671
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