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London, October 16 th 2008 Ansaldo STS Group Ansaldo STS Group 2009 First Semester Results 2009 First Semester Results July 28 July 28 th th 2009 2009
London, October 16th 2008
Ansaldo STS GroupAnsaldo STS Group
2009 First Semester Results2009 First Semester Results
July 28July 28thth 20092009
2
Ansaldo STS Group: 1H 2009 Results 1H 2009 Results –– Key FiguresKey Figures
€mil 1H 2009 1H 2008 Var.% YE 2008
Orders 832.3 491.6 69.3% 1,296.6 Backlog 3,404.8 2,942.3 15.7% 3,136.4 Production Revenues 547.3 502.6 8.9% 1,105.5 EBIT 56.8 50.8 11.8% 117.6 ROS 10.4% 10.1% 0.3 p.p. 10.6%Net Profit 37.5 31.1 20.6% 77.6
Net Financial Position (236.0) (163.4) 44.4% ( 195.9)
R&D 19.8 21.8 (9.2%) 44.5Total Headcount 4,318 4,264 1.3% 4,352 Tax Rate 32.0% 37.7% (5.7 p.p.) 36.4%
3
236210
258283
288
3,405
2,2102,446 2,488
2,942
0
50
100
150
200
250
300
350
1Q052Q053Q054Q051Q062Q063Q064Q061Q072Q073Q074Q071Q082Q083Q084Q081Q092Q09
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
Production Revenues Backlog
€mil
Ansaldo STS Group: Production Revenues & Backlog Quarterly evolutionProduction Revenues & Backlog Quarterly evolution
4121
121
84
158The above mentioned figures are gross of eliminations between business units.
ORDERS 390.1 430.2 456.0 62.0
BACKLOG 1,534.8 1,409.0 2,122.0 1,756.8
PRODUCTION REVENUES 380.5 388.7 175.8 115.0
EBIT 46.9 42.6 16.4 12.4
R.O.S. 12.32% 10.97% 9.30% 10.79%
WORKING CAPITAL (58.7) ( 53.9) (126.0) ( 120.2)
R & D 18.7 19.8 1.1 1.2
TOTAL STAFF 3,757 3,845 487 361
€mil.SIGNALLING
1st Semester2009
1st Semester2008
1st Semester2009
1st Semester2008
TRANSPORTATION SOLUTIONS
Ansaldo STS Group: Key figures by Business UnitsKey figures by Business Units
5
49%
20%
22%
8%
1%21%
12%
9%40%
18%
68%
32%45%
55%
Italy Rest of West Europe North America Asia / Pacific Others
Business Unit Transportation Solutions
Business Unit Signalling
OrdersOrders
€€mil 832.3mil 832.3
ProductionProduction Revenues Revenues
€€mil 547.3mil 547.3
The above mentioned figures are gross of eliminations between business units.
Ansaldo STS Group: 1H 2009 Orders and Production Revenues by geographic area1H 2009 Orders and Production Revenues by geographic area
6
Country Project Customer Value (€mil.)
Taiwan* Taipei Circular Line phase 1 SEMPO 214.2South Arabia* Ryadh Women's University Finance Saudi Arabia Min. 148.8Italy France USA Total Components / Service & Maintenance Miscellaneous 57.5Italy* Naples Metro L 1: Dante - Garibaldi Comune di Napoli 53.7Italy* HSL Italy - variation order IRICAV - SATURNO 32.9Spain Maintenance HSL Madrid - Lerida ADIF 31.3USA LIRR Harold Interlocking LIRR 19.4India Mumbai Monorail (Miscellaneous) SCOMI 19.1Italy ACS Palermo RFI 19.0USA NYCT Lexington and 5th Avenue NYCT 17.9Germany ATC On Board n.30 Velaro Train Siemens 16.8Australia From Maitland to Branxton BiDirectional ARTC 12.5Australia Richmond Line Alliance TIDC 11.6Australia Clearways 3 Kingsgrove to Revensby TIDC 11.4USA PAAC North Shore Connector PAAC 9.8Italy HSL To-Mi & Rm-Na (variation) CAV To - Mi IRICAV 9.8USA WMATA Silver Springs WMATA 8.9Italy SCMT On Board (3rd AIM frame) Trenitalia 8.8Italy CTC (Taranto - Brindisi / Pavia - Vercelli) RFI 8.8Brasil CPTM CAB CAF 8.1Australia ARTC (Miscellaneous) ARTC 7.9Australia Deepdale ICSS Gap Rio Tinto 7.6Uk Cambrian Line NR 7.0China Xian Line 2 Insigma 6.7Australia Signalling Site System Works FMG 5.4Australia* Digital Link & VHF Upgrade BHP Billiton 3.3France RBC East Europe HSL RFF 2.8Italy SCMT On Board for regional lines FIREMA 2.7Italy SCMT Wayside (variations) RFI 2.0
The list representsThe list representsthe 92% of total order the 92% of total order acquisitions 1H 2009acquisitions 1H 2009* Orders acquired by the Transportation Solutions business unit
Ansaldo STS Group: 1H 2009 Main Order Acquisitions1H 2009 Main Order Acquisitions
7
Italy Rest of West Europe North America Asia / Pacific Others
The above mentioned figures are gross of eliminations between business units.
1H 20091H 2009
€€mil 3,404.8mil 3,404.8
19%
4%
18%
5%
54%
38%
62%
1H 20081H 2008
€€mil 2,942.3mil 2,942.3
71%
14%
3%10% 1%
40%
60%
+16%+16%
Business Unit Transportation Solutions
Business Unit Signalling
Ansaldo STS Group: 1H 2009 1H 2009 vsvs 1H 2008 Backlog by geographic area & Business Unit 1H 2008 Backlog by geographic area & Business Unit
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Total Headcount 4,318Total Headcount 4,318
ITALY 1,470 FRANCE 549
Genoa Potenza Paris Clermont FerrandNaples Turin Les Ulis
USA 834 AUSTRALIA 682 INDIA 322
Pittsburgh New York Brisbane Sydney BangaloreBatesburg Princenton Perth KolkataKansas City Kingston Karratha DelhiNorristown Chicago MelbourneJacksonville New Castle
80 MALAYSIA 100 SWEDEN 43
Madrid Kuala Lumpur Stockolm
51 28 CHINA 98
London Manchester Dublin Kerry Honk Kong Shangai Bejing
SOUTH AFRICA 21 2 PORTUGAL 6 & BOTSWANA
Copenhagen Lisbon
NETHERLANDS 2 SOUTH KOREA 4 GERMANY 5
Amsterdam Daejon Munich
CANADA 12 6 GREECE 1
Montreal Ankara Thessaloniki
REP. CECA 1 1 Prague Bucharest
TURKEY
ROMANIA
SPAIN
UNITED KINGDOM IRLAND
DENMARK
Ansaldo STS Group: Total Headcount end of June 09Total Headcount end of June 09
9
Mass Transit72%
Railways18 %
Transportation Solutions 175.9 €mil
Signalling 380.5 €mil (1)
Including S&M for about 24 €mil
Components(Sold separately
from Signalling systems)13%
Services &Maintenance
5%
Railways Systems83%
Mass-Transit Syst.17%
(1) The above mentioned figures are gross of eliminations between business units.
Signalling, Control& Automation
systems for Railways and Mass-Transit Markets
SignalsPoint MachinesLevel CrossingsTrack CircuitsHot Box detectorsRelaysBeaconsAccess Control GatesEncoder and transponder for safe data transmission
End-to-end maintenanceTraining of personnelEngineering and diagnostic toolsSimulators
ConventionalHigh-SpeedConventional Metro Driverless Metro Tramway
Ansaldo STS Group: 1H 2009 Production revenues by SBU & Business line1H 2009 Production revenues by SBU & Business line
SignallingSystems
82%
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Taipei Circular Line phase 1 214.2
Princess Noura Abdulrahman Riyadh 148.8
Libia 541.0
Ansaldo STS Group:Main new order acquisitionsMain new order acquisitions
Outperform the market growth
Improve profitability to 11% ROS
Continue to generate Cash and value for our
shareholders
Become a market consolidator
Business Driven
Strategic Center
Efficient
Global
New Steps made on Middle East & North Africa
China & Asia Pacific
USA not only as High Speed Lines
Italian Market expected more active
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€mln FY 08 FY 07
Updated Guidance July 2009
Original Guidance March
2009
Orders Between 1,700 - 1,900 1,300 - 1,500 1,296.6 1,532.5
Production Revenues Between 1,110 - 1,180 1,110 - 1,180 1,105.5 973.1
Backlog Between 3,730 - 3,860 3,330 - 3,460 3,136.4 2,980.0
ROS Equal / Higher than 10.6% 10.6% 10.63% 10.31%
Free Operating Cash Flow (before Strategic Investments)
Between 110 - 130 60 - 70 43.2 28.7
Net Financial Position (after 2008 Dividend payment of 27 M€)
Between (260) - (280) (210) - (220) (195.9) (184.5)
Tax rate Equal / Lower than 38% 38% 36.40% 43.89%
(1) W/o any M&A Impact
Guidance 2009 (1)
Ansaldo STS Group:Year End 2009 Guidance Year End 2009 Guidance UPDATEUPDATE –– Key Figures Key Figures
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Mr. Jean Paul Giani, the Manager in charge of preparing the company’s financial reports, hereby declares, pursuant to article 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
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Headquarter:Via Paolo Mantovani, 5
16151 Genoa, Italy
Investor Relations Officer: Andrea Razeto
Tel: +39 010 655 2068Fax: +39 010 655 2055
Ansaldo STS Group:Key ContactKey Contact
