3Q/9M2021 Results Presentation
Rome, 5 November 2021
Agenda
> | Key messages | Alessandro Profumo, Chief Executive Officer |
> | 3Q/9M2021 Results | Alessandra Genco, Chief Financial Officer |
> | Update on Aerostructures | Lucio Valerio Cioffi, General Manager |
- Sector Results
- Appendix
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3Q/9M2021 Results Presentation
Key messages
- Solid nine-month results with strong and resilient military-governmental business, 87% of Group revenues
- Solid Top Line growth (Orders +9%, Revenues + 6%)
- Results above 2019 levels on military-governmental
- Some positive signs in challenging civil aeronautics
- On track to deliver targets: FY21 Guidance confirmed
- Strong commitment to ESG with important achievements: first ESG-linked RCF signed in October and Leonardo appointed as Global Compact Lead for the second year in a row
- Strong foundations and core fundamentals giving confidence in medium-long term
© 2020 Leonardo - Società per azioni | 3 |
3Q/9M2021 Results Presentation
Solid 9M results and on track, above 2019 in military-governmental
Progressing well with our Plan: 2021 Guidance confirmed
CONTINUED STRONG COMMERCIAL PERFORMANCE AND SOLID BACKLOG PROVIDING LONG TERM VISIBILITY
SOLID RESULTS CONFIRMING OUR GROWTH PATH. POSITIVE SIGNS IN CIVIL
- Strong and resilient military/governmental
- Book to Bill ca. 1
REVENUES € 9.6bn
+6.0% YOY
25% 27%
48%
HELICOPTERS AERONAUTICS DEFENCE ELECTRONICS & SECURITY
BACKLOG* € 35.2 bn
26% 13% 29%
20% 12%
NORTH AMERICA REST OF EUROPE
REST OF WORLD UK ITALY
*not including Soft Backlog
EBITA € 607 mln
+22.1% YOY
- Driven by volume increase and lower impact from COVID
- Improved performance across the Group
- Aerostructures in line with expectations
ORDERS € 9.3 bn
+8.9% YOY
20% 24%
56%
HELICOPTERS AERONAUTICS DEFENCE ELECTRONICS & SECURITY
ROS 6.3%
+0.8 p.p.
- ROS without pass-through at 7.3% (vs 6.2% in 9M20)
- ROIC at 8.5% (vs 7.0% in 9M20)
© 2020 Leonardo - Società per azioni
- Improving and more linear cash flow profile in 9M21, at -€1.4bn, and on track to achieve FY2021 Guidance
- Strong liquidity and financial flexibility
- Net Debt 2021 Guidance confirmed at €3.2bn
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3Q/9M2021 Results Presentation
Signed the first ESG-linked financial instrument
NEW REVOLVING CREDIT FACILITY SIGNED IN OCTOBER 2021, THE FIRST TO BE ESG-LINKED
LINKED TO SPECIFIC ESG INDICATORS
IN LINE WITH LEONARDO'S SUSTAINABILITY STRATEGY, AT THE BASIS OF THE INDUSTRIAL PLAN
- € 2.4 bn credit line, composed of two tranches
- Maturity until 2026
- Oversubscribed for € 4.4 bn
- Including
- Reduction of CO2 emissions
- Promotion of employment of women with degrees in STEM disciplines
- Further milestone in Leonardo's commitment to sustainability and in the Group's disciplined financial strategy
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Leonardo S.p.A. published this content on 04 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 November 2021 07:22:04 UTC.