Q4 & Full Year 2017 Results
|
|
- Theresa Kelly
- 5 years ago
- Views:
Transcription
1 Page 1 Q4 & Full Year 2017 Results Cnference Call March 1, 2018
2 Cnference Call Participants Page 2 Randy MacEwen President & CEO Tny Guglielmin CFO
3 Frward Lking Statements Page 3 This presentatin cntains frward lking statements, including: estimated revenue; cash perating csts; grss margins; prduct cst reductins; adjusted EBITDA; liquidity; market size and grwth prjectins; custmer value prpsitins; and expected sales and prduct shipments. These frward lking statements reflect Ballard s current expectatins as cntemplated under sectin 27A f the Securities Act f 1933, as amended, and Sectin 21E f the Securities Exchange Act f 1934, as amended. Any such frward lking statements are based n Ballard s assumptins relating t ur financial frecasts and expectatins regarding ur prduct develpment effrts, manufacturing capacity, and market demand. These frward lking statements invlve risks and uncertainties that may cause ur actual results t be materially different, including, general ecnmic and regulatry changes, detrimental reliance n third parties, successfully achieving ur business plans and achieving and sustaining prfitability. Fr a detailed discussin f these and ther risk factrs that culd affect Ballard s future perfrmance, please refer t ur mst recent Annual Infrmatin Frm. Readers shuld nt place undue reliance n Ballard s frward lking statements and Ballard assumes n bligatin t update r release any revisins t these frward lking statements, ther than as required under applicable legislatin. All amunts are cnslidated t include Ballard Pwer Systems Eurpe A/S and Prtnex Technlgy Crpratin results and are in U.S. dllars, unless therwise nted.
4 Financial Overview Page 4 Significant prgress against 2017 financial perfrmance bjectives Recrd $121.3M FY revenue, +42% 34% FY Grss Margin, +6 pints $3.3M FY Adjusted EBITDA Cash reserves f $60.3M at end 2017 $91.4M f rders in hand fr expected delivery in 2018 tgether with rbust sales pipeline prvides slid set up fr the year
5 2017 Strategic Prgress Page 5 Cntinued t advance next generatin technlgy and prducts Prgress n lcalizatin f Ballard designed fuel cell stacks and mdules in China Strengthened engagement with key custmers and cntinued t expand range f FCEV applicatins
6 Lcalizatin in China Page 6 Fuel cell stack Jint Venture facility peratinal Cmmissined in September 2017 Current annual capacity f ~6,000 stacks, with maximum capacity f ~20,000 stacks Fuel cell engine assembly facilities Brad Ocean subsidiary Shanghai e drive cmmissined facility in December 2017
7 Page 7 Lcalizatin in China (Cnt d) 500 cmmercial trucks licensed and planned fr deplyment in 2018 Equipped with Re Fire engines, pwered by Ballard stacks Dngfeng Special Vehicles Deplyments planned in Shanghai
8 China FCEV Enablers Page 8 Gvernment subsidies recnfirmed State recnfirmed 500,000 RMB subsidy fr heavy duty & medium duty buses and trucks sftened sme requirements Prvinces reviewing and cnfirming FCEV subsidies Expansin f hydrgen fueling statins cntinues
9 Prgress in Eurpe Page 9 Shred up platfrm thru 100% cntrl f Ballard Eurpe LOI received in February 2018 fr 40 engines t pwer Van Hl buses under JIVE Prgram Shipments expected t begin in 2018, t supprt initial bus deliveries in 2019 in Germany 8 engines expected t ship in 2018 fr Van Hl tram buses Deplyment in Pau, France in 2019 Landmark $9M 3 year develpment prgram with Siemens AG 200kW engine t pwer Mire cmmuter train; deplyments t begin 2021 Initial cllabratin with ABB and Ryal Caribbean
10 Page 10 Prgress in the U.S. Funding fr 20 buses in Califrnia New Flyer buses (10 fr AC Transit, 10 fr OCTA); engines t begin shipping in engines rdered & shipped in 2017 t SunLine Transit Agency Class 8 drayage truck trial with Kenwrth underway at Prts f Ls Angeles and Lng Beach Material Handling sales t Plug dwn in 2017; als expected t be dwn in 2018 Hwever, prgress in psitining Ballard thru Technlgy Slutins prgrams
11 Page 11 Prgress in the U.S. (Cnt d) Prtnex Pwer Manager Milestne C apprval received in 2017 Initial $1.6M rder received in January 2018 Cst reductins and divestiture f nn cre assets implemented at Prtnex $2.6M annualized cst savings expected Prtnex UAV systems Successful field trials cntinuing with Being Insitu and Lckheed Martin Next generatin prpulsin system, with Ballard MEA, nw underging extended durability testing in ScanEagle drne
12 Technlgy Slutins Prgress Page 12 Fuel cell rail prgrams Siemens AG in Germany; CRRC in China Wrking with Nisshinb n Nn Precius Metal Catalyst technlgy fr Material Handling February 2018 annuncement f $4.2M prgram with unnamed custmer t develp ultra high durability aircled stack Targeting 20,000 hur life; fr use in Class 3 material handling equipment 2017 annuncement f fllw n cntract with leading glbal aut OEM, fcused n advancing MEA develpment
13 2018 Outlk Page 13 CHINA EUROPE U.S. Technlgy Slutins Engine shipments & technlgy transfer revenue nt expected t repeat in 2018 Shift in revenue mix t MEA sales + ryalties n lcally assembled engines 2018 revenue expected t be lwer than 2017 Increased market activity in 2018 expected t drive rders fr mdules Expect increase in rders in 2018 fr mdules and Pwer Manager units One time technlgy transfer prjects nt expected t repeat in 2018 Expect increases in engineering services activity in multiple sectrs 2018 revenue expected t be relatively flat Overall, revenue expected t be relatively flat year veryear in 2018, cincident with strengthening f the underlying business mix fr lng term grwth prspects
14 Beynd A Bradening Array f FCEV Applicatins Page 14 Weight (tns) 10,000 1, BEV FCEV Fuel Cell Electric Vehicles Light Cmmercial Vehicles Bi & (H2 based) synthetic fuels City Buses Trains & Trams Heavy Trucks Passenger Ships Planes Bubble size representing the relative annual energy cnsumptin f this vehicle type in Small cars / urban mbility Medium t Large Cars, Fleets & Taxis ,000+ Average mileage per day/trip (km) Surce: Hydrgen Scaling Up, Hydrgen Cuncil, Nvember 2017, p. 31
15 Page 15 Applicatin Develpment Timing Material Handling Start f cmmercializatin Mass market acceptability City Buses Medium t Large Cars Trains & Trams Light Cmmercial Vehicles Passenger Ships Heavy Trucks Tday Surce: Hydrgen Scaling Up, Hydrgen Cuncil, Nvember 2017, pp
16 Q4 & FY 2017 Revenue & Grss Margin Page 16 REVENUE $121.3M GROSS MARGIN $85.3M 30% 31% 34% 28% $40.3M $30.7M Q4 Full Year Recrd 2017 Revenue +42%, t $121.3M +39% Pwer Prducts, t $77.6M +140% Heavy Duty Mtive, t $63.7M 61% Prtable Pwer, t $4.5M 42% Material Handling, t $7.5M 60% Backup Pwer, t $1.9M +47% Technlgy Slutins, t $43.7M Q4 Full Year 2017 Grss Margin +6 pints, t 34% Onging fcus n grwing revenue frm high margin businesses, specifically Heavy Duty Mtive and Technlgy Slutins
17 Q4 & FY 2017 Cash Operating Cst Base and Operating Leverage Page 17 CASH OPERATING COST BASE * $34.3M $39.1M CASH OPERATING COSTS AS % OF REVENUE $8.1M $11.2M % 28% 40% 32% Q4 Full Year Q4 Full Year 2017 Cash Operating Csts +14%, t $39.2M Increased investment in technlgy and prduct develpment as well as increased investment in cmmercial effrts in China 2017 Cash Operating Csts 32% f Revenue: 8 pint imprvement frm 2016 Cntinuing psitive trend in perating leverage * Measures perating expenses excluding stck based cmpensatin expense, depreciatin and amrtizatin, impairment lsses r recveries n trade receivables, restructuring charges, unrealized gains and lsses n freign exchange cntracts, acquisitin csts and financing charges
18 Q4 & FY 2017 Adjusted EBITDA Page 18 ADJUSTED EBITDA # $1.8M Q4 $2.1M Full Year $3.3M ($9.9)M 2017 Adjusted EBITDA +134%, t $3.2M Net Lss imprved 62% t ($8.0)M EPS imprved 66% t ($0.05) # Measures EBITDA adjusted fr stck based cmpensatin expense, transactinal gains and lsses, asset impairment charges, unrealized gains and lsses n freign exchange cntracts, finance and ther incme and acquisitin csts
19 Liquidity Page Cash Used By Operating Activities increased t ($9.8)M Cnsists f cash perating incme f $2.5M ffset by wrking capital changes f ($12.3)M $72.6M $60.3M End 2017 cash reserves f $60.3M End 2017 End 2016 CASH RESERVES
20 Order Backlg Page 20 End 2017: Order Backlg 1 f $221.4M and 12 Mnth Order Bk 2 f $73.4M ORDER BACKLOG Order Backlg At End Q Orders Received in Q Orders Delivered in Q Order Backlg At End 2017 Ttal Fuel Cell Prducts & Services $236.8M $24.9M $40.3M $221.4M As f February 28 th, 2018 cmmitted rders expected fr delivery in 2018 f $91.4M 1 Order Backlg = aggregate value f rders received 2 12 Mnth Order Bk = aggregate value f that prtin f Order Backlg expected t be delivered in the subsequent 12 mnth perid
21 Q4 & Full Year 2017 Cnference Call Page 21 Q & A
22 Page 22 Q4 & Full Year 2017 Results Cnference Call March 1, 2018
Manitex International, Inc. (NASDAQ:MNTX)
Manitex Internatinal, Inc. (NASDAQ:MNTX) Cnference Call Secnd Quarter 2016 August 4th, 2016 Frward Lking Statements & Nn GAAP Measures Safe Harbr Statement under the U.S. Private Securities Litigatin Refrm
More informationVELAN INC. REPORTS ITS THIRD QUARTER 2018/19 FINANCIAL RESULTS
Velan Inc. 7007 Côte de Liesse, Mntreal, QC H4T 1G2 Canada Tel: (514) 748-7743 Fax: (514) 748-8635 www.velan.cm PRESS RELEASE FOR IMMEDIATE RELEASE Fr further infrmatin please cntact: Yves Leduc, President
More informationColliers International Group Inc.
Clliers Internatinal Grup Inc. First Quarter 2017 Financial Results May 2, 2017 Frward-Lking Statements This presentatin includes r may include frward-lking statements. Frward-lking statements include
More informationFiscal 2017 Results. August 1, 2017
Fiscal 2017 Results August 1, 2017 1 Safe Harbr fr Frward-Lking Statements This presentatin cntains "frward-lking statements" within the meaning f the Private Securities Litigatin Refrm Act f 1995. All
More informationNet Income $ $ $ (65.4) Adjusted Net Income (1) $ $ $ (61.0)
$ in millins - except per share data CFO Review f Fiscal 2016 Furth Quarter Results Fiscal 2016 Results Fiscal Years Ended July 2, 2016 June 27, 2015 Net Chg Sales $ 26,219.3 $ 27,924.7 $ (1,705.4) Grss
More informationMasco Corporation Reports Fourth Quarter and 2017 Year-End Results February 08, 2018
Masc Crpratin Reprts Furth Quarter and 2017 Year-End Results February 08, 2018 2017 Furth Quarter Key Highlights Sales fr the furth quarter increased 7 percent t $1.9 billin; in lcal currency, sales increased
More informationUnited Bank for Africa Plc Audited Results for the Year Ended December 31, 2017
United Bank fr Africa Plc Audited Results fr the Year Ended December 31, 2017 Africa's Glbal Bank UBA SUSTAINS STRONG PERFORMANCE GROWING COTRIBUTION AND MARKET SHARE FROM PAN AFRICAN NETWORK This Earnings
More informationColliers International Group Inc.
Clliers Internatinal Grup Inc. Secnd Quarter 2016 Financial Results July 26, 2016 Frward-Lking Statements Certain statements included herein cnstitute frward lking statements within the meaning f the U.S.
More informationColliers International Group Inc.
Clliers Internatinal Grup Inc. Third Quarter 2016 Financial Results Octber 28, 2016 Frward-Lking Statements Certain statements included herein cnstitute frward lking statements within the meaning f the
More informationAirwork Holdings Limited 2017 Annual Results Presentation. August 2017
Airwrk Hldings Limited 2017 Annual Results Presentatin August 2017 IMPORTANT NOTICE This presentatin cntains nt nly a review f peratins, but als sme frward lking statements abut Airwrk Hldings Limited
More informationQ1' FY16 Q1' FY17 Y/Y Chg Sales $ 4,600.8 $ 4,173.4 $ (427.4) Gross Profit $ $ $ (37.8) Gross Profit Margin 12.2 % 12.
$ in millins - except per share data Octber 1, 2016 CFO Review f Fiscal 2017 First Quarter Results Discntinued Operatins On September 19, 2016, Avnet, Inc. annunced that it had entered int an agreement
More informationANCESTRY.COM LLC REPORTS Q FINANCIAL RESULTS
REPORTS Q2 FINANCIAL RESULTS Ancestry.cm Subscriber Grwth f 5% Year-Over-Year Q2 Nn-GAAP Revenues $138 millin, Up 16% Year-Over-Year Adjusted EBITDA Grwth f 26% Year-Over-Year PROVO, Utah, July 30, Ancestry.cm
More informationDANAHER CORPORATION RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES. Three-Month. Three-Month Period
Adjusted Diluted Net Earnings Per Share frm Cntinuing Operatins Diluted Net Earnings Per Share frm Cntinuing Operatins (GAAP) 29, 30, 29, 30, $ 0.81 $ 0.57 $ 2.29 $ 2.01 Pretax amrtizatin f acquisitin-related
More informationCORELOGIC, INC. (Exact Name of the Registrant as Specified in Charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washingtn, DC 20549 FORM 8-K CURRENT REPORT Pursuant t Sectin 13 r 15(d) f the Securities Exchange Act f 1934 Date f reprt (Date f earliest event reprted):
More informationGE 2018 fourth quarter performance
GE 2018 furth quarter perfrmance Financial results & Cmpany highlights January 31, 2019 CAUTION CONCERNING FORWARD-LOOKING STATEMENTS: This dcument cntains "frward-lking statements" that is, statements
More informationCalifornia Water Service Group First-Quarter 2018 Earnings Call Presentation
Califrnia Water Service Grup First-Quarter 2018 Earnings Call Presentatin April 26, 2018 Frward-Lking Statements This presentatin cntains frward-lking statements within the meaning established by the Private
More informationRumo ALL. South Operation
Rum 3Q16 Results Rum Disclaimer 2 This presentatin includes estimates and frward-lking statements regarding ur strategy and future grwth pprtunities. This infrmatin is based mainly n ur current expectatins
More informationColliers International Group Inc.
Clliers Internatinal Grup Inc. First Quarter 2016 Financial Results April 26, 2016 Frward-Lking Statements Certain statements included herein cnstitute frward lking statements within the meaning f the
More informationForward Looking Statements This presentation contains statements that contain forward looking statements including, but without limitation,
Frward Lking Statements This presentatin cntains statements that cntain frward lking statements including, but withut limitatin, statements relating t the implementatin f strategic initiatives, and ther
More informationUnited Bank for Africa Plc Unaudited Results for the First Quarter Ended March 31, 2018
United Bank fr Africa Plc Unaudited Results fr the First Quarter Ended March 31, 2018 Africa's Glbal Bank UBA STARTS STRONG, GROWING FIRST QUARTER EARNINGS BY 18% This Earnings Press Release shuld be read
More informationVisa Inc. Reports Fiscal Third Quarter 2014 Net Income of $1.4 billion or $2.17 per Diluted Share
Visa Inc. Reprts Fiscal Third Quarter 2014 Net Incme f $1.4 billin r $2.17 per Diluted Share Fster City, CA, July 24, 2014 Visa Inc. (NYSE: V) tday annunced financial results fr the Cmpany s fiscal third
More informationThomson Reuters Reports Fourth-Quarter and Full-Year 2017 Results
Thmsn Reuters Reprts Furth-Quarter and Full-Year 2017 Results TORONTO, February 8, 2018 Thmsn Reuters (TSX/NYSE: TRI) tday reprted results fr the furth quarter and full year ended December 31, 2017. As
More informationFourth Quarter 2013 Conference Call
Furth Quarter 2013 Cnference Call February 20, 2014 1 Frward-Lking Statements This presentatin cntains frward-lking statements that invlve risks, uncertainties and assumptins that culd cause ur results
More informationAEGON Asset Management
Unlcking the glbal ptential AEGON Asset Management A glbal business with lcal strengths Erik van Huwelingen Chairman Executive Cmmittee AEGON Asset Management Analyst and Investr Cnference, Lndn, 2-3 June
More informationForth Quarter Results 2016 February 24, 2017
Frth Quarter Results 2016 February 24, 2017 4Q16 Results February 24, 2017 Fd segment revenue reaches R$45 billin in 2016, up 11.7%, accelerating t 12.5% in 4Q16 4Q16: Net sales: R$11.7 billin EBITDA (1)
More informationThomson Reuters Reports Second-Quarter 2017 Results
TORONTO, August 1, 2017 Thmsn Reuters (TSX/NYSE: TRI) tday reprted results fr the secnd quarter ended 2017. Based n its first-half results, the cmpany raised its full-year 2017 utlk fr several metrics,
More informationFiscal 2018 Holiday Sales Results. Wednesday, January 10, 2018
Fiscal 2018 Hliday Sales Results Wednesday, January 10, 2018 Frward Lking Statements & Other Disclsure Matters Frward-Lking Statements This presentatin cntains statements which are frward-lking statements
More informationAirwork Holdings Limited Half Year 2015 Results Presentation
Airwrk Hldings Limited Half Year 2015 Results Presentatin February 2015 Chris Hart Brian Fuhy Chief Executive Officer Chief Financial Officer IMPORTANT NOTICE This presentatin cntains nt nly a review f
More informationMAXWELL TECHNOLOGIES, INC.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washingtn, DC 20549 FORM 8-K CURRENT REPORT Pursuant t Sectin 13 r 15(d) f the Securities Exchange Act f 1934 Date f Reprt (Date f earliest event Reprted):
More informationNewsRelease. Third Quarter 2015 Highlights (All financial figures are unaudited) o
NewsRelease TC PipeLines, LP Annunces 2015 Third Quarter Financial Results Agrees t purchase a 49.9% interest in Prtland Natural Gas Transmissin frm TransCanada Hustn, Texas Nvember 6, 2015 TC PipeLines,
More informationH Results Presentation 9 May 2018
H1 2018 Results Presentatin 9 May 2018 Disclaimer This dcument has been prepared by Cmpañía de Distribución Integral Lgista Hldings, S. A. ( Lgista Hldings r the Cmpany ) fr infrmatin purpses, and des
More informationFor personal use only
MEDIA/ASX RELEASE 6 August 2013 Titan Energy Services annunces $9.1m NPAT fr FY13 and FY14 $21m - $23m EBIT target www.titanenergyservices.cm.au ASX ticker: TTN 2012/13 (FY13) Highlights Recrd full year
More informationCANFOR PULP PRODUCTS INC.
CANFOR PULP PRODUCTS INC. First Quarter Reprt Fr the three mnths ended March 31, 2012 Canfr Pulp Prducts Inc. First Quarter 2012 Management s Discussin and Analysis This Interim Management s Discussin
More informationSteve Martens VP Investor Relations 2013 May / June
Steve Martens VP Investr Relatins steve.martens@mlex.cm 2013 May / June The Cnnectr Market Tp 3 Player in Fragmented Industry Psitined in large market $50B 2012 glbal cnnectr market A grwing market 5-7%
More informationORVANA REPORTS FIRST QUARTER FINANCIAL RESULTS; OPERATIONS POSITIONED TO DELIVER INCREASED GOLD PRODUCTION
Fr Immediate Release TSX:ORV Date: February 7, 2017 #02-2017 ORVANA REPORTS FIRST QUARTER FINANCIAL RESULTS; OPERATIONS POSITIONED TO DELIVER INCREASED GOLD PRODUCTION First Quarter 2017 achievements:
More informationKCA Deutag Alpha Limited ( KCA Deutag or the Group ) Results for the three months ended 31 March 2018
Fr immediate release KCA Deutag Alpha Limited ( KCA Deutag r the Grup ) Results fr the three mnths ended 31 March 2018 KCA Deutag, ne f the wrld s leading drilling and engineering cntractrs, is pleased
More informationRumo ALL. South Operation
Rum 2015 Results Rum Disclaimer This presentatin includes estimates and frward-lking statements regarding ur strategy and future grwth pprtunities. This infrmatin is based mainly n ur current expectatins
More informationCAPITAL GROUP INC. Imperial Capital Global Opportunities Conference
Imperial Capital Glbal Opprtunities Cnference September 18, 2014 Frward Lking Statements This presentatin cntains r may cntain certain frward-lking statements within the meaning f the Private Securities
More informationCAPITAL GROUP INC. Investor Presentation. December 2014
Investr Presentatin December 2014 Frward Lking Statements This presentatin cntains r may cntain certain frward-lking statements within the meaning f the Private Securities Litigatin Refrm Act f 1995, including
More informationAirwork Holdings Limited Half Year 2016 Results Presentation. February 2016
Airwrk Hldings Limited Half Year 2016 Results Presentatin February 2016 IMPORTANT NOTICE This presentatin cntains nt nly a review f peratins, but als sme frward lking statements abut Airwrk Hldings Limited
More informationH Financial Results. Milan July 27th 2017
H1 2017 Financial Results Milan July 27th 2017 Agenda H1 2017 Highlights Grup verview Results by business Outlk Financial results Appendix H1 2017 Financial Results 2 H1 2017 Financial Highlights Organic
More informationCLEARVIEW REPORTS FIRST QUARTER RESULTS AND OPERATIONS UPDATE
CLEARVIEW REPORTS FIRST QUARTER RESULTS AND OPERATIONS UPDATE Clearview drills and fracks its first perated, hrizntal well. Bashaw acquisitin increases area f fcus, imprves financial psitin and adds cre
More informationEagle Energy Trust Announces 2016 Capital Budget, 2016 Guidance and a Reduction in Monthly Distributions
NEWS RELEASE FOR IMMEDIATE RELEASE: Eagle Energy Trust Annunces 2016 Capital Budget, and a Reductin in Mnthly Distributins Calgary, Alberta: December 11, 2015 (TSX: EGL.UN): Eagle Energy Trust ( Eagle
More informationKCA Deutag Alpha Limited ( KCA Deutag or the Group ) Results for the three months ended 30 June 2018
Fr immediate release KCA Deutag Alpha Limited ( KCA Deutag r the Grup ) Results fr the three mnths ended 30 June 2018 KCA Deutag, ne f the wrld s leading drilling and engineering cntractrs, is pleased
More informationOBSERVATION. TD Economics THE PRODIGAL SURPLUS IS RETURNED SOME HIGHLIGHTS FROM THE NOVEMBER 2014 FEDERAL FISCAL UPDATE
OBSERVATION TD Ecnmics THE PRODIGAL SURPLUS IS RETURNED SOME HIGHLIGHTS FROM THE NOVEMBER 2014 FEDERAL FISCAL UPDATE Highlights With an electin year lming, the release f the federal fiscal update has prvided
More informationUTICA SHALE DIVESTITURE AND POWDER RIVER BASIN UPDATE July 26, 2018
UTICA SHALE DIVESTITURE AND POWDER RIVER BASIN UPDATE July 26, 2018 FORWARD-LOOKING STATEMENTS This presentatin includes frward-lking statements within the meaning f Sectin 27A f the Securities Act f 1933
More informationBernstein Strategic Decisions Conference New York
Bernstein Strategic Decisins Cnference New Yrk Dennis Muilenburg Chairman, President and Chief Executive Officer June 1, 2017 Cpyright 2017 Being. All rights reserved. June 2017 Bernstein Strategic Decisins
More informationThomson Reuters Reports First-Quarter 2018 Results
TORONTO, May 11, 2018 Thmsn Reuters (TSX/NYSE: TRI) tday reprted results fr the first quarter ended 2018. The cmpany als issued a full-year 2018 Outlk fr its cntinuing peratins and annunced a new $500
More informationQ3FY18 Revenue at Rs crore; up by 4.1% QoQ basis
Majesc Limited Regd. Off.: MNDC, MBP-P-136, Mahape, Navi Mumbai - 400 710 +91-22-22 6150 1800 +91-22-2778-1332 www.majesc.cm Fr Immediate Release Clarificatin Nte With respect t the financial results fr
More informationTC PipeLines, LP Announces 2017 Third Quarter Financial Results
NewsRelease TC PipeLines, LP Annunces 2017 Third Quarter Financial Results HOUSTON, Texas Nvember 6, 2017 News Release- TC PipeLines, LP (NYSE: TCP) (the Partnership) tday reprted third quarter 2017 net
More informationT-Mobile USA, Inc. Investor Quarterly
T-Mbile USA, Inc. Investr Quarterly Pursuant t the terms f the Business Cmbinatin Agreement dated as f Octber 3,, as amended n April 30, the business cmbinatin f MetrPCS and T-Mbile was cmpleted, resulting
More informationPRESS RELEASE. Results at a Glance
PRESS RELEASE AXIS BANK ANNOUNCES FINANCIAL RESULTS FOR THE QUARTER ENDED 30 th JUNE 2013 Results at a Glance Net Prfit fr Q1FY14 grws 22% YOY and is `1,409 crres The Bank s Retail franchise cntinues t
More informationFortress Transportation and Infrastructure Investors LLC
Frtress Transprtatin and Infrastructure Investrs LLC JP Mrgan Aviatin, Transprtatin, and Industrials Cnference March 5, 2019 Disclaimers IN GENERAL. This disclaimer applies t this dcument and the verbal
More informationOJSC DETSKY MIR INCREASED NET INCOME BY 7.2% TO RUB 657 MLN FOR 9 MONTHS 2015
OJSC DETSKY MIR INCREASED NET INCOME BY 7.2% TO RUB 657 MLN FOR 9 MONTHS 2015 18 Nvember 2015. Russia, Mscw. OJSC Detsky Mir (hereinafter referred t as "Detsky Mir" r "the Cmpany"), Russia's largest children's
More informationKCA Deutag Alpha Limited ( KCA Deutag or the Group ) Results for the three months ended 30 September 2015
Fr immediate release [19] Nvember 2015 KCA Deutag Alpha Limited ( KCA Deutag r the Grup ) Results fr the three mnths ended 30 September 2015 KCA Deutag, ne f the wrld s leading drilling and engineering
More informationVirtusa Corporation to acquire controlling interest in Polaris Consulting & Services Limited
Virtusa Crpratin t acquire cntrlling interest in Plaris Cnsulting & Services Limited Greatly strengthens ur psitin in Banking and Financial Services Nvember 5, 2015 1 Frward Lking Statements This presentatin
More informationRGS Energy Reports Second Quarter 2015 Results
RGS Energy Reprts Secnd Quarter 2015 Results Cmpany Reprts Psitive Stckhlders Equity and Psitive Wrking Capital, and Reprts Q2 Net Incme f $1.4 Millin vs. Net Lss f $21.4 Millin in Prir Year LOUISVILLE,
More informationSP PLUS CORPORATION Conference Presentation
SP PLUS CORPORATION Cnference Presentatin January 2019 Cautinary Nte Regarding Frward-Lking Statements This dcument cntains frward-lking statements, as defined in the Private Securities Litigatin Refrm
More informationFortress Transportation and Infrastructure Investors LLC Jefferies 8 th Annual Energy Conference. November 27, 2018
Frtress Transprtatin and Infrastructure Investrs LLC Jefferies 8 th Annual Energy Cnference Nvember 27, 2018 Disclaimers IN GENERAL. This disclaimer applies t this dcument and the verbal r written cmments
More informationMinera IRL Limited Reports Second Quarter 2017 Results
Minera IRL Limited Reprts Secnd Quarter 2017 Results LIMA, PERU - (Marketwired August 15, 2017): Minera IRL Limited ( Minera IRL r the Cmpany ), (CSE:IRL) (BVL:MIRL), the Latin America gld mining cmpany,
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washingtn, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant t Sectin 13 r 15(d) f the Securities Exchange Act f 1934 Date f Reprt (Date f earliest event reprted)
More informationDr. Reddy s Q2 & H1 FY14 Financial Results
Dr. Reddy s Q2 & H1 FY14 Financial Results Q2 FY14 Revenues at `33.6 billin (YY grwth f 17%) Q2 FY14 EBITDA at `9.5 billin (YY grwth f 27%) H1 FY14 Revenues at `62.0 billin (YY grwth f 14%) H1 FY14 EBITDA
More informationCuyahoga County, Ohio 2012 First Quarter Budget Update
Cuyahga Cunty, Ohi 2012 First Quarter Budget Update As f March 31 st 2012 Cuyahga Cunty Executive Office f the Fiscal Officer Summary f Quarterly Review Prcess OBM is required t cnduct a quarterly assessment
More informationEarnings Presentation Quarterly Results Q3 FY17
2017 Cairn India Limited Earnings Presentatin Quarterly Results Q3 FY17 9 th February, 2017 2 Disclaimer This material cntains frward-lking statements regarding Cairn India and its affiliates, its crprate
More informationQ Financial Results. Milan May 7th, 2015
Q1 2015 Financial Results Milan May 7th, 2015 Agenda Q1 2015 Highlights Grup verview Results by business Outlk Financial results Appendix Q1 2015 Financial Results 2 Q1 2015 Key Financials Eur Millins,
More informationLocal currencies and constant currency exchange rates
The infrmatin included in the fllwing sheets f this Excel file frms an integral part f the AEGON press release n the Full year results 2009 as published n February 25, 2010. Cautinary nte regarding nn-gaap
More informationGoldman Sachs Basic Materials Conference
Gldman Sachs Basic Materials Cnference May 16, 2018 1 SAFE HARBOR Please nte that in this presentatin, we may discuss events r results that have nt yet ccurred r been realized, cmmnly referred t as frward-lking
More informationIn Force Fixed Annuity Block Reinsurance
In Frce Fixed Annuity Blck Reinsurance A Strategy t Imprve Return n Capital Many insurers are experiencing lw r negative returns n in-frce fixed annuity blcks f business. In mst cases this is driven by
More informationOur path to long term value
Over the past three years, we have transfrmed Eni int a leaner and mre resilient cmpany. We have built a high margin prtfli cnsisting f a large number f mature prjects, which will secure ur prductin grwth
More informationHalf Year Results 2010/2011 Pavillon Gabriel November 30, 2010
Fr all the trains in the wrld Half Year Results 2010/2011 Pavilln Gabriel Nvember 30, 2010 Highlights > Faiveley Transprt: 4,900 emplyees n 46 lcatins in 24 cuntries > Order bk reflects the mmentum and
More informationSP PLUS CORPORATION Investor Presentation
SP PLUS CORPORATION Investr Presentatin Update: Q3 2018 Cautinary Nte Regarding Frward-Lking Statements This dcument cntains frward-lking statements, as defined in the Private Securities Litigatin Refrm
More informationInvestor Teleconference Presentation First Quarter Fastenal Company April 12, 2017
Investr Telecnference Presentatin First Quarter 2017 Fastenal Cmpany April 12, 2017 1 Safe Harbr Statement All statements made herein that are nt histrical facts (e.g., gals regarding Onsite and vending
More informationAustal Limited FY2015 H1 Andrew Bellamy, Chief Executive Officer Greg Jason, Chief Financial Officer
Austal Limited FY2015 Andrew Bellamy, Chief Executive Officer Greg Jasn, Chief Financial Officer 26 February 2015 Highlights Financial Revenue: $680.2 millin EBIT: $45.0 millin ($33.7 millin underlying)
More informationTo go to the depth of the consumer's heart and be his friend forever. Q1 FY2016 Earnings Presentation August 10, 2015
T g t the depth f the cnsumer's heart and be his friend frever Q1 FY2016 Earnings Presentatin August 10, 2015 Imprtant Ntice This presentatin cntains statements that cntain frward lking statements including,
More informationPRESS RELEASE. Results at a Glance
PRESS RELEASE AXIS BANK ANNOUNCES FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31 st MARCH 2018 Results at a Glance The Bank significantly accelerated NPA recgnitin in Q4. Slippages fr Q4FY18 std at
More informationWESTERN ENERGY SERVICES CORP. RELEASES THIRD QUARTER 2018 FINANCIAL AND OPERATING RESULTS FOR IMMEDIATE RELEASE: October 24, 2018
WESTERN ENERGY SERVICES CORP. RELEASES THIRD QUARTER 2018 FINANCIAL AND OPERATING RESULTS FOR IMMEDIATE RELEASE: Octber 24, 2018 CALGARY, ALBERTA Western Energy Services Crp. ( Western r the Cmpany ) (TSX:
More informationRGS Energy Reports Third Quarter 2015 Results
RGS Energy Reprts Third Quarter 2015 Results LOUISVILLE, CO, Nvember 9, 2015 RGS Energy (NASDAQ: RGSE), a residential and small cmmercial slar cmpany since 1978, has reprted results fr its third quarter
More informationWESTERN ENERGY SERVICES CORP. RELEASES FOURTH QUARTER AND YEAR END 2017 FINANCIAL AND OPERATING RESULTS FOR IMMEDIATE RELEASE: February 21, 2018
WESTERN ENERGY SERVICES CORP. RELEASES FOURTH QUARTER AND YEAR END 2017 FINANCIAL AND OPERATING RESULTS FOR IMMEDIATE RELEASE: February 21, 2018 CALGARY, ALBERTA Western Energy Services Crp. ( Western
More informationSAFE HARBOR STATEMENT
PAGE 2 SAFE HARBOR STATEMENT In this presentatin, we make certain statements and reference ther infrmatin that are frward-lking statements as defined in the Private Securities Litigatin Refrm Act f 1995
More informationTC PipeLines, LP Announces 2017 First Quarter Financial Results and Agreement to Acquire Interests in Iroquois and PNGTS
NewsRelease TC PipeLines, LP Annunces 2017 First Quarter Financial Results and Agreement t Acquire Interests in Irquis and PNGTS Hustn, Texas May 4, 2017 TC PipeLines, LP (NYSE: TCP) (the Partnership)
More informationRGS Energy Reports Fourth Quarter and Full Year 2015 Results
RGS Energy Reprts Furth Quarter and Full Year 2015 Results LOUISVILLE, CO, April 1, 2016 RGS Energy (NASDAQ: RGSE), a residential and small cmmercial slar cmpany since 1978, has reprted results fr its
More informationFull Year 2016 Highlights and Fourth Quarter Highlights (All financial figures are unaudited) Full Year Highlights o o o o o
NewsRelease TC PipeLines, LP Annunces 2016 Furth Quarter and Year End Financial Results Receives Offer frm TransCanada t Purchase Interests in the Irquis and PNGTS Systems HOUSTON, Texas February 27, 2017
More informationQ RESULTS. Milano April 24th, 2018
Q1 2018 RESULTS Milan April 24th, 2018 Laurent HEBENSTREIT - Chief Executive Officer Yann ALBRAND - Chief Financial Officer Stefan Canu - Investr Relatins Q1 2018 Highlights Revenues at cnstant exchange
More informationQ Financials Conference Call
Q1 2016 Financials Cnference Call Apr 27th, 2016 Dha, Qatar 1 Interim Cnslidated Incme Statement Q1 2016 (All amunts in QR Millins) Revenue Dwn (1.9)% Operating Prfit dwn (7.2)% Net Prfit Dwn (3.5)% 2
More informationPRESS RELEASE. Results at a Glance
PRESS RELEASE AXIS BANK ANNOUNCES FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 th SEPTEMBER 2018 Results at a Glance Imprved financial perfrmance driven by higher NII YOY: PAT fr Q2FY19 grew
More informationEconomic Activity Chapter 2
Ecnmic Activity Chapter 2 Sectin 2.1 Measuring Ecnmic Activity Ecnmic Grwth: steady increase f gds and services Grss Dmestic Prduct (GDP): Ttal value f all final gds and services prduced in the cuntry
More informationJune Record interim result Strong cash flows continue Raw material pricing actively managed High level of acceptance of new technology
2009/10 investr update June 2010 Recrd interim result Strng cash flws cntinue Raw material pricing actively managed High level f acceptance f new technlgy Emery Severin Managing Directr Ian Davis Chief
More informationHindustan Media Ventures Ltd (NSE: HMVL; BSE: ) Q1 FY2016 Earnings Presentation July 14, 2015
Hindustan Media Ventures Ltd (NSE: HMVL; BSE: 533217) Q1 FY2016 Earnings Presentatin July 14, 2015 1 Table f Cntents Particulars Slide n Financial Highlights 3 Operatinal Highlights 5 Financial Overview
More informationInvestor Teleconference Presentation Third Quarter Fastenal Company October 11, 2017
Investr Telecnference Presentatin Third Quarter 2017 Fastenal Cmpany Octber 11, 2017 1 Safe Harbr Statement All statements made herein that are nt histrical facts (e.g., gals regarding Onsite and vending
More informationSuriname today and its small and medium enterprises. February 2013
Suriname tday and its small and medium enterprises February 2013 Grwth and inflatin Slid grwth despite glbal financial turmil and limited glbal demand. Grwth supprted by buyant mining sectr. Inflatin pressures
More informationUnion National Bank announces profit of AED 1,441 million for the nine month period ended 30 September 2013
Unin Natinal Bank annunces prfit f AED 1,441 millin fr the nine mnth perid ended 30 September 2013 Operating prfit fr nine mnth perid ended 30 September 2013 increased by 1.5% ver prir perid t reach AED
More informationMAXCOM TELECOMUNICACIONES, S.A.B. DE C.V.
MAXCOM TELECOMUNICACIONES, S.A.B. DE C.V. We have undertaken varius initiatives t strengthen the financial psitin f the Cmpany in rder t cntinue fcusing n the executin f ur grwth strategy 1 MAXCOM REPORTS
More informationINTRALOT: COMPARABLE EBIDTA GROWTH 13.6%
2015 FULL YEAR RESULTS INTRALOT: COMPARABLE EBIDTA GROWTH 13.6% March 31 st, 2016 INTRALOT SA (RIC: INLr.AT, Blmberg: INLOT GA), an internatinal gaming slutins and peratins leader, annunces its financial
More informationSpecifications. RE: Architecture Firm with Professional Team. Business Overview. Established for over 30 years with a 25% profit margin!
Business Overview RE: Architecture Firm with Prfessinal Team Established fr ver 30 years with a 25% prfit margin! Specificatins Price $1,450,000 Prfit Margin 25% Service Area Hustn & Dallas Revenue $1,668,433
More informationFinancial Statement Analysis, (FIN-621)
Lessn-5 ACCOUNTING CYCLE/PROCESS (Cntinued) Preparing Balance Sheet frm Trial Balance: We have assumed that the first mnth i.e. July was taken up in setting up f the business and n business activity as
More informationKCA Deutag Alpha Limited ( KCA Deutag or the Group ) Results for the three months ended 31 December 2017
Fr immediate release KCA Deutag Alpha Limited ( KCA Deutag r the Grup ) Results fr the three mnths ended 31 December 2017 KCA Deutag, ne f the wrld s leading drilling and engineering cntractrs, is pleased
More informationForward-Looking Statements
Cwen Glbal Transprtatin Cnference September 5, 2018 Frward-Lking Statements Statements in this Presentatin nt based n histrical facts are frward-lking statements within the meaning f the Private Securities
More informationDEPRECIATION AND AMORTIZATION
Page 1 f 8 1 5 6 7 8 9 10 11 1 1 1 15 16 17 18 19 0 1 5 6 7 8 9 0 1 DEPRECIATION AND AMORTIZATION 1.0 PURPOSE This evidence describes OPG s depreciatin and amrtizatin plicy and presents the depreciatin
More informationOFFICE OF PUBLIC TRANSIT 2016 ANNUAL REPORT
OFFICE OF PUBLIC TRANSIT 2016 ANNUAL REPORT SUBMITTED JANUARY 2017 SCDOT OFFICE OF PUBLIC TRANSIT 2016 ANNUAL REPORT EXECUTIVE SUMMARY Key transprtatin strategies identified in the Suth Carlina Department
More information9M 2016 Financial Results. Milan November 8th, 2016
9M 2016 Financial Results Milan Nvember 8th, 2016 Agenda 9M 2016 Highlights Grup verview Results by business Outlk Financial results Appendix 9M 2016 Financial Results 2 9M 2016 Highlights Adj. EBITDA
More information