Tecnicas Reunidas S A : The Company sends presentation regarding 2020 Nine Month Results.
November 11, 2020 at 09:39 am EST
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NINE MONTHS 2020
RESULTS PRESENTATION
NOVEMBER 11TH 2020
JUAN LLADÓ CHAIRMAN AND CEO
CONTENT
Financial highlights under Covid-19
Proactive management in the current environment
Energy transition and outlook
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SOLID PERFORMANCE DESPITE COVID ENVIRONMENT IN 9M 2020
BACKLOG
SALES
€9.2Bn€2.8Bn
Strong backlog despite award
Sales shift due to execution
slowdown
slowdown and reprogramming
ADJUSTED EBIT margin*
NET CASH
3.1%€113M
Improving margins
Significant net cash position
*Adjusted EBIT excludes the impact of Covid (€44 million) and re-structuring costs (€10 million)
3
BACKLOG EXECUTION REPROGRAMMED DUE TO COVID-19
Backlog execution schedule
€11.8bn*
February
2020
2021
2022 & beyond
2020
€4.9bn
€4.1bn
€2.8bn
*December 2019 backlog + Hassi Messaoud (Algeria) project awarded in January 2020
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Tecnicas Reunidas SA published this content on 11 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2020 14:38:01 UTC
Tecnicas Reunidas SA is a Spain-based company engaged in the engineering and construction of industrial facilities. Its activities are structured in three business areas: Oil & Gas, Power and Infrastructure and industries. The Oil & Gas area provides engineering services for the construction of refinery units, as well as petrochemical and natural gas plants, and oil and gas pipelines. The Power segment includes the design and construction of fossil fuel power, nuclear, hydroelectric, biomass and solar installations. The Infrastructure and Industries area specializes in the construction and engineering of airports, water treatment plants, controlled landfills and waste incineration facilities, among others. Furthermore, the Company offers technical and management services in the fields of engineering and construction of industrial plants. The Enterprise is a parent of Tecnicas Reunidas Group, which operates worldwide by numerous subsidiaries and associates.