Annual Shareholders Meeting 23 April 2013
Group overview Vianini Lavori is one of the main Italian General Contractors and it operates in the large infrastructure, water and highways concessions industries. The Group has always operated around the world and in the last few years it has focused its business in Italy adding to the traditional civil engineering activity the water and highways concessions business in strategic sectors. Strategic investments Cementir Holding 25.5 % ACEA 7.93% Large construction projects Subway Line C - Rome Subway Line B - Rome Subway Naples Tourin Railway ringroad A12 Livorno-Civitavecchia Concessions SAT 24.9 % Acqua Campania 47.9 % Grandi Stazioni 13.08 % (1) Expo center Rho-Pero Milan 1. Indirectly owned through 32.7% of Eurostazioni SpA, which owns 40% of Grandi Stazioni SpA 2
Strategic drivers Growth in core business Focus on core construction business where the Group boasts a well-established experience and a solid track record especially in large infrastructure projects Profitability improvement Selective approach in new projects with the objective of maximizing whilst minimizing associated risk New organizational structure New organization in order to support strategic growth objectives both domestically and abroad Recruiting new young talent at different levels of the organization Geographic and portfolio diversification Seeking opportunities in new potential ti markets where other Group companies are presents (Turkey) and in other areas considered of strategic interest Operating cash flow reinvestment into concessions 3
Core business Order backlog The order backlog at December 31, 2013 is equal to 1.79 billion, of which main projects are: Livorno Civitavecchia Highway (35% of total) Subway Line C of Rome (24% of total) Subway Line B of Rome (11% of total) Order backlog at 31/12/2012 millions Livorno Civitavecchia Highway 644.7 Rome - Subway Line C 433.2 Rome Subway Line B Extension 199.3 «Variante a di valico» Project 81.8 8 Housebuilding 289.8 Other projects 147.2 Total order backlog 1,796 Order PortafoglioLavori Backlog as of 31.12.12 al 31.1212 Eur M 1,909 1,796 824 2010 2011 2012 4
Core Business Subways: Line C Rome General Contracting Project worth over 3 billion Construction of 27 km of subway lines and 30 stations around 30 meters below ground Fully automated control and driving system Financed by public funds (70% by the State, 18% by Rome Municipality and 12% by Lazio Region) 5
Core business Highway Concessions: SAT Vianini Lavori has a 24.89% stake in Società Autostrada Tirrenica (SAT), which owns the construction and concession of A12 Livorno Civitavecchia Highway Livorno - Rosignano trunk (of around 37 Km) is already in operation The remaining trunk Rosignano - Civitavecchia (around 242 Km) is under construction and Vianini Lavori s share is around 700m over 4 years 6
Profit & Loss highlights Euro (000) 2012 2011 % Operating Revenues 211,664 262,442-19.3% EBITDA 3,504 18,577-81.1% Ebitda margin 1.6% 7.1% Amortisation, depreciation & provisions 402 863 EBIT 3,906 19,440-79.9% Ebit margin 18% 1.8% 74% 7.4% Associates 6,429 5,511 +16.7% Financial result (2,947) (11,352) Profit before taxes 7,388 13,599-45.6% Taxes (1,064) (4,322) Group Net Profit 6,324 9,277-31.8% Net margin 2.9% 3.5% 7
Net financial position and Shareholders Equity Financial strength is one of Vianini Lavori s main features: Shareholders equity increased by 37% between 2003 and 2012 milion 485.4 523.8 576.1 559.7 571.3 614.5 549.1 554.8 404.7 424.4 235.9 197.1 178.4 128.9 129.2 57.4 64.2 57.5 70.2 20.9 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Shareholders Equity Net Financial Position Euro (000) 2009 2010 2011 2012 Current financial asset 36,684 35,606 32,013 4,525 Cash and cash equivalent 94,566 24,767 40,322 23,424 Current financial liabilities (2,032) (2,908) (2,092) (7,090) Net financial position 129,218 57,465 70,243 20,859 8
Disclaimer This document is not intended as an offer or solicitation of an offer to purchase or sell any financial instrument and is exclusively directed to professional investors and to the financial community. Any reproduction or distribution in any form is strictly prohibited. For any further information please contact our Investor Relations Office: Tel. +39 06-32493227 E-mail: invrel@caltagironegroup.it 9
Annual Shareholders Meeting 23 April 2013