Ansaldo STS Group. Year End closing 2007 Year 2008 Guidance

Transcription

1 Ansaldo STS Group Year End closing 2007 Year 2008 Guidance

2 YE 2007 Results Key Figures mil YE 2007 YE 2006 Var.% Orders 1.532, ,2 20,6% Backlog 2.980, ,0 23,4% Production Revenues 973,1 922,8 5,5% EBIT 100,3 85,5 17,3% ROS 10,3% 9,3% 1,0% Net Profit 58,3 45,8 27,3% Net Financial Position ( 184,5) ( 158,2) 16,6% R&D 41,2 35,9 14,8% Total Headcount ,1% YE 2006 Pro-forma figures consider Ansaldo Signal NV and Ansaldo Trasporti Sistemi Ferroviari Spa part of the consolidation perimeter since January 1 st, and include the not recurrent extraordinary IPO costs for 6.9 mil. 2

3 Headcount at year end 2007 The geographical expansion Total headcount

4 SBU Orders Booking at the end of 2007 Breakdown by SBU & Business line Signalling New Orders % Total 729,7 mil* 3% 13% Total mil* 7% 11% 2% 71% *Euro mil. Net intercompany 78% RAILWAYS MASS TRANSIT COMPONENTS SERVICE & MAINTENANCE Total mil 3% Transportation Systems New Orders Total mil 24% 3% 4 97% 73%

5 2007 Main Orders Acquisitions & Backlog by Business Unit 5 Country Project Customer Value ( mil.) Italy* Metro Napoli 6 Metro Napoli 426,0 Italy* Rome Line C Metro Roma 150,2 US-France-Italy Components service & maintenance Miscellaneous 132,3 Italy* Rome Linea C Variation Order Metro Roma 116,9 Italy* Rome Line C Variation Order Metro Roma 55,2 Italy SCMT wayside RFI 45,6 Italy High Speed Line Milan - Bologna CEPAV 1 42,5 China Shitai Line Ministry of Railways 31,2 Germany RBC-ERTMS Lev. 2 Saarbücken Deutsche Bahn AG 20,5 Australia Hope Dows Signalling & Comm Rio Tinto 15,4 Italy SCMT Wayside/Comp. Florence RFI 14,0 Australia Rio Tinto project Rio Tinto 13,8 Australia ARTC Projects ARTC 13,0 Greece ETCS lev 1 wayside ERGA-OSE 12,5 USA Chambers Street NYCT 11,8 Italy ACS - Rebaudengo RFI 11,5 Australia DP & ATO phase 2 Rio Tinto 10,6 Italy* High Speed Line TAV 10,5 United Kingdom ERTMS Cambrian Line - 1st phase Network Rail 10,0 *Orders acquired by the Transportation Systems business unit Total Orders 1.532,5 mil 1.271,2 mil +20,6% % mil 75% of Total Orders Acquisition % Backlog Business Unit Signalling Business Unit Systems mil 52% %

6 Production Revenues by Geographic area 18% YE 2007 YE 2006 mil 973,1 mil 922,8 1% 12% 1% 11% 47% 11% 13% 63% 23% 2007 Signalling only 2006 Signalling only mil 750 mil 702 of which: Italy 318 of which: Italy % 0% 19% 0% 43% 46% 15% 17% 6 19% 18% Italy Rest of Europe North America Asia / Pacific Others

7 Production Revenues at the end of 2007 Breakdown by Business line Transportation Systems mil Mass-Transit 85 % Including S&M for about 10 mil Railways 15 % Conventional Metro Driverless Metro Tramway High-Speed Conventional Signalling mil (1) Signalling Systems 82% Railways Systems 86% Signalling, Control & Automation systems for Railways and Mass-Transit Markets Mass-Transit Syst. 14% Components (Sold separately from systems) 14% Signals Point Machines Level Crossings Track Circuits Hot Box detectors Relays Beacons Access Control Gates Encoder and transponder for safe data transmission Services & Maintenance 4% End-to-end maintenance Training of personnel Engineering and diagnostic tools Simulators 7 (1) The above mentioned figures are gross of eliminations between business units.

8 Strong Financial Track-Record EBIT Margin (%) Key figures by Business Units 3,6% 7,4% 6,1% 5,7% 9,5% 7,8% 11,5% 10,4% 10,7% 9,5% 9,8% 10,3% 9,1% 9,1% 7,3% mil. SIGNALLING TRANSPORTATION SYSTEMS YE2007 YE2006 YE2007 YE2006 (1) (1) ORDERS 822,3 833,1 802,7 534,3 BACKLOG 1.389, , , ,1 PRODUCTION REVENUES 750,1 702,1 241,4 236, Transport Systems Signalling Consolidated NFP - Backlog - Production Revenues ( m) EBIT 86,5 74,8 22,0 21,6 R.O.S. 11,5% 10,7% 9,1% 9,1% WORKING CAPITAL ( 68,7) (70,0) ( 143,3) ( 171,9) R & D 37,8 33,2 2,3 2,0 TOTAL STAFF ,9 (1) The above mentioned figures are gross of eliminations between business units. YE 2006 Pro-forma figures reporting the results of activities since January 1st Backlog Production Revenues Net Financial Position

9 2007 Work in Progress & Advanced from Customers mln Down Payment from Customers (19,7) (11,5) Progress billings (552,1) (854,6) Work in progress (gross) 723,6 944,4 Work in progress (net) 151,8 78,3 Down Payment from Customers 82,3 84,1 Progress billings 3.585, ,4 Work in progress (gross) (3.160,8) (2.745,3) Advanced from customers (net) 506,8 475,1 In summary at the end of December 2007 Work in Progress (gross) 3.884,4 Progress billing to Customers 4.137,3 Down Payment from Customers 102,0 Work in progress (net) (354,9) Based on IFRS accounting principles Work in progress is recognized under Assets when a contract-by-contract analysis evident a gross value of the work in progress higher than the Progress Billing plus Down Payment from Customers. It is recognized among Liabilities if the Progress Billing plus Down Payment from Customers exceed the Gross value of the related Work in Progress. 9

10 Year 2007 Dividend As promised during the IPO process: The Ansaldo STS Board of Directors has proposed the first dividend payment to our Shareholders equal to 34% of Consolidated Group Net Result of the Year ,20 Euro per share 10

11 ANSALDO STS Year End 2008 Guidance

12 Year End 2008 Guidance Key Figures mln YE 2008 FY 07 FY 06 Orders Between , ,2 Production Revenues Between ,1 922,8 Backlog Between , ,0 ROS Equal / Higher than 10,5% 10,3% 9,3% Net Financial Position Between (175) - (185) (184,5) (158,2) (After 2007 Dividend payment) Tax rate Equal / Lower than 44 % 43,9% 48,0% 12

13 3 years Full Compliancy with IPO Market Guidance Key Indicators - M Totals Comments ORDERS REVENUES EBIT EBIT ON REVENUES NET RESULT FOCF IPO Guidance Actuals + Avr.Guidance IPO Guidance Actuals + Avr.Guidance IPO Guidance Actuals + Avr.Guidance IPO Guidance 9,5% 10,0% 10,3% 10,6% 10,3% Actuals + Avr.Guidance 08 9,5% 10,0% 10,3% 10,6% 10,3% IPO Guidance Actuals + Avr.Guidance IPO Guidance Actuals + Avr.Guidance % above IPO Guidances In line with IPO Guidances In line with IPO Guidances In line with IPO Guidances In line with IPO Guidances In line with IPO Guidances Pro-forma data that includes Ansaldo Signal NV and Ansaldo Trasporti Sistemi Ferroviari SpA in the basis of consolidation from 1 January 2006 and restated for the adoption of the equity method under IAS 19, as well as one-off listing costs of EUR 6.9 million

14 Key Contact Headquarter: Via Paolo Mantovani, Genoa, Italy Investor Relations: Andrea Razeto investorelations@ansaldo-sts.com Tel: Fax: