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Gruppo Ansaldo STSGruppo Ansaldo STSGruppo Ansaldo STSAssembleaAssembleaAssemblea OrdinariaOrdinariaOrdinaria e e e StraordinariaStraordinariaStraordinaria deglideglidegli AzionistiAzionistiAzionisti
GenovaGenovaGenova, 5 / 6 , 5 / 6 , 5 / 6 AprileAprileAprile 201020102010
Ansaldo STS SpAAnalysts presentation:
2011 First Quarter Results28th April 2011
1Q 2011 results - Key data
Orders 551.4 293.0 88.2% 1,985.0
Backlog 4,793.3 3,836.8 24.9% 4,551.1
Revenues 278.2 265.0 5.0% 1,283.7
EBIT 25.5 24.0 6.3% 137.1
ROS 9.2% 9.1% + 0.1 p.p. 10.7%
Net Profit 15.5 14.4 +7.5% 94.9
Working Capital (130.7) (168.1) -22.3% (154.3)
Net Financial Position (295.4) (283.9) 4.1% (318.2)
R&D 10.9 6.9 +58.0% 34.8
Total Headcount 4,192 4,345 -3.5% 4,217
Tax Rate 39.3% 38.4% + 0.9 p.p. 28.8%
M€ 1Q 1Q % YE2011 2010 change 2010
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SIGNALLING TRANSPORTATION SOLUTIONS
M€ 1Q 1Q 1Q 1Q2011 2010 2011 2010
(1) The above mentioned figures are gross of eliminations between business units.
Orders 363.0 65.0 189.2 228.4
Backlog 2,244.0 1,901.1 2,797.4 2,187.4
Revenues 177.0 170.2 104.8 103.1
EBIT 20.2 17.6 8.3 8.9
ROS 11.4% 10.4% 7.9% 8.6%
Working Capital 103.3 ( 15.8) ( 169.1) ( 96.0)
R & D 10.6 6.2 0.3 0.7
Total Headcount 3,290 3,494 459 368
Key data by Business Unit
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First Quarters - Track record
Revenues
M€
Data gross of inter-company eliminations4
57 55 54 49
84 103 105 110
156 151 170 176 170 177
163
209 204 219
260 265 278
‐
50
100
150
200
250
300
1Q 2005 1Q 2006 1Q 2007 1Q 2008 1Q 2009 1Q 2010 1Q 2011
TS, Transportation Solutions SG, Signalling Ansaldo STS Consolidato
1Q 2011 main Order Acquisitions by Business Unit
(*) Orders acquired by the Transportation Solutions business unitThe above list represents about the 94% of total order acquisitions 1Q 2011
Italy Direttrice TO-PD RFI 193.6Italy* Milan Line 5 ext. Garibaldi - San Siro Milan Municipality 105.2Sweden Stockholm Red line S L 85.0Australia* Rio Tinto RAFA phase 1 Rio Tinto 70.0Italy France USA Components, Service & Maintenance Various 21.7France RATP Metro Paris Maintenance RATP 17.8Australia ARTC various projects ARTC 12.6Saudi Arabia* Riyadh - PNU variation SBG 9.2
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Country Project Customer Value M€
Service & Maintenance
Tsl systems Tramways
11%
Transportation Solutions*:105 M€
SignallingSystems Components Service &
Maintenance
79% 14% 7%
Signalling* :177 M€
Transportation Solutions
Signalling
1Q 2011 Revenues by business unit and geography
Italy
RoE
North America
Asia Pacific
Others
* Data gross of inter-company eliminations
1%88%
Revenues: 278 M€ Revenues by geography
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1Q 2011 Orders by business unit and geography
Transportation Solutions
Signalling
Italy
RoE
North America
Asia Pacific
Others
Orders : 551 M€ Orders by geography
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1Q 2011 Backlog by business unit and geography
Transportation Solutions
Signalling
Italy
RoE
North America
Asia Pacific
Others
Backlog : 4,793 M€ Backlog by geography
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WMATA Silver SpringPAAC North Shore
ConnectorNew York MetroChambers Street
- NYCT
WMATA Silver SpringPAAC North Shore
ConnectorNew York MetroChambers Street
- NYCT
Los Angeles Metro (Green Line)
Los Angeles Metro (Green Line)
Manchester Node& Metrolink
Cambrian line
Manchester Node& Metrolink
Cambrian line
ACS Palermo Railways
Rome Station C.B.I.SCMT / ACS Installations
ACS Palermo Railways
Rome Station C.B.I.SCMT / ACS Installations
Conventional & Driverless Metros
Rome, Naples, Milan, Brescia, Genoa
Conventional & Driverless Metros
Rome, Naples, Milan, Brescia, Genoa
Madrid-LeridaHigh-Speed LineMadrid-Lerida
High-Speed Line
Channel TunnelChannel Tunnel
Copenhagen Driverless Sweden Ester ERTMS Lev. 2 O&M contracts Copenhagen City ring
Copenhagen Driverless Sweden Ester ERTMS Lev. 2 O&M contracts Copenhagen City ring
Ghaziabad KampurIndian Railways
Ghaziabad KampurIndian Railways
Taipei Circular Line Phase 1Kuala Lumpur LRT
North Ipoh ti Pedang Besar
Taipei Circular Line Phase 1Kuala Lumpur LRT
North Ipoh ti Pedang Besar
Clearways 3Hamersley Hope; Dows
Segnalam. & Comun. – Rio Tinto
Clearways 3Hamersley Hope; Dows
Segnalam. & Comun. – Rio Tinto
France TGVFrance TGV
JacksonvilleCTC
JacksonvilleCTC
China & Korea High-SpeedBinhai, Daegu Busan Shitai Line Shenyang Line 1 Shangai Metro
ERTMS Zhengxi LineHangzhou Metro line 1
China & Korea High-SpeedBinhai, Daegu Busan Shitai Line Shenyang Line 1 Shangai Metro
ERTMS Zhengxi LineHangzhou Metro line 1
Omaha OTPOmaha OTP
ATC InstallationSaarbrücken
Mannhein ERTM Lev. 2
ATC InstallationSaarbrücken
Mannhein ERTM Lev. 2
Thessaloniki MetroETCS Lev. 1 Terra -
ERGA OSE
Thessaloniki MetroETCS Lev. 1 Terra -
ERGA OSE
Turkey BegazkopruUlukisla Yenice and Mersin Toprakkale Metro Ankara
Electrification and Signalling
Banlieu sudTunis
Italian High-SpeedMi-Bo & RM-NA,
FI-BO, TO-MI
Italian High-SpeedMi-Bo & RM-NA,
FI-BO, TO-MI
Libya Ras Ajdir SirtiAl-Hisha Sadha &
Sirth-Benghazi lineCPTM CAB
Riyad MetroWomen’s University
Main Projects references
Korgas-Zhetygenline
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Country Main HeadcountLocations
ITALY Genoa 1,529NaplesTurinPotenza
FRANCE Les Ulis 536Riom
SPAIN Madrid 74UK London 28
ManchesterIRELAND Dublin 13SWEDEN Stockholm 39USA - CANADA Pittsburgh
Batesburg
AUSTRALIA Brisbane 549Perth,INDIA Bangalore 244MALAYSIA Kuala Lumpur 146BOTSWANA Gaborone 31CHINA Hong Kong 82
Other Locations 65
TOTAL 4,192
856
Montreal
Bejing
1Q 2011 Total headcount
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Ansaldo STS Investor Relations Dept.
Our commitment to the theme of sustainable development is expressed in the countries where we operate, across five continents, through the dissemination of our corporate vision, attention to environmental, social, and promote our work through a climate ofcooperation with local cultures.
In coherence with our vision this year we have joined the Global Compact, a voluntary initiative launched by the UN to spread the culture of respect for human rights, labour, environment and the fight against corruption.
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Five years of free capital increase - details
The free cap. increase is just an accounting operation with no effects on the financial structure of the company:
This factor of correction (in 2010 was 0.833) must be used to make comparable the prices above periods of time.For instance in order to compare the present value of the share with the one concerning one year ago, it is necessary to correct last price
multiplying it for 0.833. In fact the IPO offering price adjustment will be :
share capital
assets
liabilities
equities
reservesreserves
share capital
free capital increase
July 05, 2010: I tranche,
free capital increase
Mr. Alberto Milvio, the Manager in charge of preparing the company’s financial reports, hereby declares, pursuant to article , p 154-bis, paragraph 2 of the Consolidated Law on Finance, that the actual accounting information contained in this presentation corresponds to document results, books and accounting records.
NB:The management of Ansaldo STS also assesses the business and financial performance of the Group and its business segments based on a number of indicators not provided for by IFRS.As required by CESR recommendation CESR/05 - 178 b, the components of each of the non-GAAP alternative performance indicators used in this press release are defined below.
EBIT: i.e. earnings before interest and tax, with no adjustments. It excludes income and expenses from the operations of unconsolidated subsidiaries and securities, and gains/losses on any sales of consolidated subsidiaries, which are recorded under“financial income and expenses”, or in the case of profits/losses from shareholdings valued using the equity method, under the item “effects of the valuation of shareholdings at equity”.
EBIT margin: is calculated as the ratio of EBIT to revenues.
Free operating cash flow (FOCF): this is the sum of the cash flows generated by/used in operations, cash flow generated by/used in investments in or disposals of tangible and intangible assets and shareholdings, net of cash flows from the purchase/sale of shareholdings that, due to their nature or size, are considered “strategic investments”.
Ansaldo STS Investor Relations Dept.
Ansaldo STS SpA
Via Paolo Mantovani, 316151 Genoa, Italy
V.P. Investor Relations Andrea Razeto
Tel: +39 010 655 2068Fax: +39 010 655 2055
on skype at: ansaldo.sts.investor.relations
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