PRESENTATIONS
14Pages

{{requestButtons}}

Catalog excerpts

PRESENTATIONS - 1

2017 FIRST QUARTER RESULTS May 12, 2017

Open the catalog to page 1
PRESENTATIONS - 2

Safe Harbor Statement This Presentation contains certain forward-looking statements. Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words "believes," "expects," "predicts," "intends," "projects," "plans," "estimates," "aims," "foresees," "anticipates," "targets," and similar expressions. The forward-looking statements contained in this Presentation, including assumptions, opinions and views of the Company or cited from third party sources, are solely opinions and forecasts reflecting current...

Open the catalog to page 2
PRESENTATIONS - 3

(1) Sum of backlog and soft backlog FinCAnTIERI (2) Soft backlog which represents the value of existing contract options and letters of intent as well as contracts in advanced negotiation, none of which yet reflected in the order backlog ~ i, ^ - h

Open the catalog to page 3
PRESENTATIONS - 4

Q1 2017 main orders Vessel Norwegian Cruise Line 1 krill fishing vessel Aker BioMarine Cruise ship “Viking Sky” Viking Ocean Cruises Cruise ship “Majestic Princess” Princess Cruises (Carnival Corporation) OSCV “Skandi Buzios” Vard Søviknes Q1 2017 main deliveries Vessel

Open the catalog to page 4
PRESENTATIONS - 5

Order intake Shipbuilding Offshore Book-to-bill (Order intake / revenues) Equipment, Systems & Services Total backlog / revenues (1) Sum of backlog and soft backlog (2) Soft backlog represents the value of existing contract options and letters of intent as well as contracts in advanced negotiation, none of which yet reflected in the order backlog (3) For comparison purposes, Q1 2016 figures are restated following the redefinition of operating segments. Following the operational reorganization carried out in November 2016, the repair & conversion services, cabins & public areas business,...

Open the catalog to page 5
PRESENTATIONS - 6

Backlog deployment – by segment and end market Shipbuilding # ship # ship deliveries 103 ships in backlog at March 31, 2017 − Deliveries up to 2025, stretching to 2027 in case of confirmation of the option for 2 ships for Norwegian Cruise Line • Naval: 38 vessels − Deliveries up to 2026, with 10 units scheduled after 2021 • Additional 5 units scheduled after 2021 • Additional 10 units scheduled after 2021 − 20 module carrier vessels in backlog, scheduled for delivery in 2017-2018 − 6 expedition cruise vessels in backlog, without considering the LOI for an additional vessel signed by VARD...

Open the catalog to page 6
PRESENTATIONS - 7

Revenues and EBITDA(1) – by segment Breakdown by segment(2) EBITDA and EBITDA margin Offshore % Total Equipment, Systems & Services EBITDA is a Non-GAAP Financial Measure. The Company defines EBITDA as profit/(loss) for the period before (i) income taxes, (ii) share of profit/(loss) from equity investments, (iii) income/expense from investments, (iv) finance costs, (v) finance income, (vi) depreciation and amortization, (vii) wages guarantee fund – Cassa Integrazione Guadagni , (viii) expenses for corporate restructuring, (ix) accruals to provision and cost of legal services for asbestos...

Open the catalog to page 7
PRESENTATIONS - 8

Shipbuilding Revenues Other Shipbuilding • Revenues: € 857 mln, up 13% vs Q1 2016 − Growth of volumes in cruise reaching 51% of total Group revenues, with 13 units under construction vs 11 in Q1 2016 • EBITDA: € 55 mln, margin at 6.4% − Good performance of cruise projects, with 3 cruise ships delivered on time during the first months of 2017 • Deliveries: 2 ships − “Viking Sky” for Viking Ocean Cruises − 4 cruise ships for Norwegian Cruise Line − “Majestic Princess” for Princess Cruises % of Revenues For comparison purposes, Q1 2016 figures are restated following the redefinition of...

Open the catalog to page 8
PRESENTATIONS - 9

• Revenues: € 210 mln, down 11% vs Q1 2016 - Reduction of activities at European and Brazilian yards - Positive effect of NOK/EUR exchange rate (€ 12 mln) • EBITDA: € 9 mln, with margin at 4.4% - Margins still do not fully benefit from the gradual growth of volumes resulting from the diversification strategy • Capex: € 10 mln • Orders: € 210 mln vs € 68 mln in Q1 2016 - 1 krill fishing vessel for Aker BioMarine; - 2 Car- and Passenger Ferries for Torghattan Nord - 1 Pelagic Trawler for Research Fishing Company • Backlog: € 1,444 mln vs € 900 mln in Q1 2016 • Deliveries: 2 ships - "Skandi...

Open the catalog to page 9
PRESENTATIONS - 10

Equipment, Systems and Services Revenues • Revenues: € 97 mln, down 6.7% vs Q1 2016 − Decrease of ship conversion activities which had benefited in the Q1 2016 from work on the MSC Renaissance program • EBITDA: € 11 mln with margin at 11.0% − Decrease due to the change in products/services mix vs Q1 2016 For comparison purposes, Q1 2016 figures are restated following the redefinition of operating segments. Following the operational reorganization carried out in November 2016, the repair & conversion services, cabins & public areas business, as well as integrated systems business, all...

Open the catalog to page 10
PRESENTATIONS - 11

Breakdown by main components € mln Inventories and advances to suppliers Work in progress net of advances from customers Trade receivables Other current assets and liabilities Construction loans Trade payables Provisions for risks & charges Comments • Net working capital and net debt dynamics related to the increase of the production volumes in cruise and the cash-in of the final installments for the 2 cruise ships delivered during the quarter • Construction loans at € 744 mln of which € 594 mln related to VARD and € 150 mln related to Fincantieri • Most of the Group's debt is related...

Open the catalog to page 11
PRESENTATIONS - 12

Outlook • 2017 results expected to be in line with the Business Plan Shipbuilding • Further volume growth and margin improvement thanks to ‒ the start of construction works for cruise sister ships acquired after crisis at higher prices ‒ full swing production of the Italian Navy’s fleet renewal program and of design activities related to the Qatari order • Continuing effort to increase profitability thanks also to production synergies with VARD 2017 Guidance Offshore • Expected growth of volumes related to the diversification strategy implemented by Vard • Oil&Gas sector crisis persists,...

Open the catalog to page 12

All Fincantieri - Cantieri Navali Italiani catalogs and brochures

  1. SKY PRINCESS

    2 Pages

  2. KONINGSDAM

    2 Pages

  3. FINCANTIERI

    50 Pages

  4. M 10-16

    2 Pages