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Webuild Earnings Release 2021
4062_rns_2022-01-14_6e25ea97-13d4-4fce-823a-b4dbe2ef3fe5.pdf
Earnings Release
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PRESS RELEASE
PRELIMINARY MANAGEMENT ACCOUNTS RELATED TO GROUP'S FINANCIAL STRUCTURE IN 2021:
- WEBUILD CLOSES 2021 WITH POSITIVE FINANCIAL POSITION (NET CASH) OF € 100-200 MILLION, THE BEST RESULT SINCE 2014
- GROSS DEBT AT DECEMBER 31, 2021 OF € 2.6-2.7 BILLION, DOWN BY € 860-960 MILLION COMPARED WITH DECEMBER 31, 2020
RECORD NEW ORDERS: €10.8 BILLION, FOCUSED ON KEY LOW-RISK MARKETS ITALY, CENTRAL AND NORTHERN EUROPE, UNITED STATES, AUSTRALIA
MILAN, January 14, 2022 – The Board of Directors of Webuild (MTA: WBD) examined yesterday the preliminary 2021 management accounts relating to the Group's financial structure.
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During the course of 2021, Webuild registered a record amount of new contracts, benefitting from major sustainable infrastructure investment plans launched by various countries where the Group operates. Total new orders acquired and in the process of being finalised for the year amounted to approximately € 10.8 billion1 , of which more than 95% in core markets such as Italy, the United States, Australia, France, Austria and the Nordics.
As a result of the significant volume of new orders, the recovery of operations at various construction sites despite the persistent uncertainties about the global economy due to the pandemic, and improvements in working capital management, the financial structure at December 31, 2021 stands to be as follows:
- Net Financial Position: net cash of € 100-200 million, an improvement of approximately € 540-640 million compared with December 31, 2020, and of € 500-600 million compared with the mid-point of the 2021 guidance. It is the strongest net cash position registered by the Group since the founding of the Salini Impregilo Group in 2014, the first of a series of mergers that has resulted in the creation of the Webuild Group.
- Gross Debt: € 2.6-2.7 billion, down by € 860-960 million compared with December 31, 2020
These preliminary results have yet to be audited by independent auditors. Furthermore, as the 2021 financial statements are still in the process of being finalised, the preliminary results are subject to change and should not be considered definitive.
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Webuild, the new group born in 2020 from Salini Impregilo, is a leading global player in the construction of large, complex projects for sustainable mobility, clean hydro energy, clean water, green buildings, supporting clients in achieving sustainable development goals (SDGs). The Group is the expression of 115 years of engineering experience applied in 50 countries on five continents with 70,000 direct and indirect employees from more than 100 nationalities. Recognized for five years by Engineering News-Record (ENR) as the world leader in water infrastructure (such as dams, hydraulic tunnels, water and wastewater management, and water treatment and desalination plants), it ranks since 2018 among the top 10 in the environment sector and it is also leader in sustainable mobility
1 Includes tenders in which Webuild has been identified as best bidder for €390 million
(especially metro and rail lines, in addition to roads and bridges). A signatory of the United Nations Global Compact, the Group's expertise is displayed in projects such as the M4 metro line in Milan, Grand Paris Express, Cityringen in Copenhagen, Sydney Metro Northwest, Red Line North Underground in Doha, Line 3 of the Riyadh Metro and the high-speed railways in Italy. Other projects include the new Genoa Bridge and the new Gerald Desmond Bridge in Long Beach, California, the expansion of the Panama Canal, the Snowy 2.0 hydroelectric power station in Australia, the Rogun hydroelectric dam in Tajikistan, the Anacostia River and Northeast Boundary tunnels in Washington, D.C. and the Al Bayt 2022 World Cup stadium in Qatar. In June 2021, new orders totalled €43.3 billion. Some 92% of the backlog for construction orders involves projects tied to the sustainable development goals of the United Nations (SDGs). Webuild, subject to direction and coordination by Salini Costruttori S.p.A., is headquartered in Italy and is listed on the Milan Stock Exchange (Borsa Italiana: WBD; Reuters: WBD.MI; Bloomberg: WBD:IM)
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More information at www.webuildgroup.com
Contacts: Media Relations Investor Relations Gilles Castonguay Amarilda Karaj Tel. +39 342 682 6321 Tel +39 02 444 22476 email: [email protected] email: [email protected]
email: [email protected]
Media Relations (Italy) Carmen Cecchini Tel. +39 346 3019009