2014 – 2016: Salini Impregilo

From Campione Nazionale to Global Player

Geographical revenue evolution

4.2€ bln+11%Revenues
5.9€ blnNew Construction orders
4.7€ bln+12%Revenues
5.4€ blnNew Construction orders
6.1€ bln+1%Revenues
7.3€ blnNew Construction orders
main facts
january 1, 2014
Merger by incorporation of Salini S.p.A. into Impregilo S.p.A.
march 19, 2014
Impregilo International Infrastructures N.V. sells its entire capital of Fisia Babcock Environment GmbH for roughly 140 million euros
march 28, 2014
Salini Impregilo in consortium with other companies is awarded the Concession for the construction and management of the expanion of the Lima metro network
april 8, 2014
Salini Impregilo and Strabag win the contract for the main section of the Brenner tunnel in Innsbruck, Austria. Contract value is €380 million in total
april 17, 2014
Salini Impregilo wins the bid to build an important motorway section in Slovakia
june 25, 2014
Closing of the equity offering to institutional investors
july 7, 2014
Salini Impregilo and Strabag also win the contract to build an underpass beneath the Isacco river, the southern segment of the Brenner base tunnel
october 13, 2014
Salini Impregilo Group has been awarded the contract for construction of the S7. One month after securing the S8 contract
november 10, 2017
The Salini Impregilo Group wins a new project in USA worth USD 153 million. Salini Impregilo will build the Dugway Storage Tunnel in Cleveland (Ohio)
july 8, 2015
Salini Impregilo to build a stadium for "Qatar 2022"
july 9, 2015
Salini Impregilo wins the contract for the realization of the residential area of Shamal in Qatar, for a value of € 300 million
july 22, 2015
Salini Impregilo wins a contract for the construction of the A1 Motorway in Poland, worth € 170 million
august 31, 2015
Salini Impregilo signs a contract for the realization of the Nenskra hydroelectric project in Georgia, worth approximately $575 million
january 4, 2016
Lane shareholders approve Salini Impregilo acquisition offer
march 3, 2016
Lane Construction, of the Salini Impregilo group, is part of the consortium selected to build Purple Line Project in Maryland (USA) valued at $2 billion
april 4, 2016
Sale of Todini Costruzioni Generali
april 28, 2016
Salini Impregilo signs AU$ 1.176 billion rail contract in Perth, Australia
may 23, 2016
2016-2019 Industrial Plan focused on generating free cash flow
may 24, 2016
A new mega hydroelectric project in Ethiopia for Salini Impregilo €2.5 billion contract signed for the Koysha dam
june 17, 2016
Salini Impregilo’s led consortium awarded $955 million contract in Kuwait
july 1, 2016
Salini Impregilo: framework agreement for $3.9 billion in Tajikistan
july 11, 2016
Salini Impregilo successfully closed the placement of additional senior unsecured notes reserved to institutional investors, bringing the total bond size to €600 million
december 6, 2016
Lane set for $370m worth of U.S., UAE contracts
march 1, 2017
Lane (Salini Impregilo) wins $336 million contract in Virginia
march 2, 2017
Salini Impregilo-Astaldi consortium wins €397 million lot in Naples-Bari high-speed railway project
march 16, 2017
Salini Impregilo wins $435m Dubai urban development contract

Targets

Consistent delivery story overtime

+11%
€ 4.2 bln
Revenues
Guidance: ~10%
10.4%
EBITDA margin
Guidance: >10%
6.2%
EBIT margin
Guidance: >5%
€ 5.9 bln
Construction Orders
Guidance: In line with 2013
€ (89) mln
Net Financial Position
Guidance: Cash neutral
+12%
4.7 bln
Revenues
Guidance: >15%
10.3%
EBITDA margin
Guidance: ~ 10.5%
5.8%
EBIT margin
Guidance: ~ 5.5%
€ 5.4 bln
Construction Orders
Guidance: In line with 2014
€ (27) mln
Net Financial Position
Guidance: In line with 2014
€ 6.125 bln
Revenues
Guidance: > € 6.1 bln
9.2%
EBITDA margin
Guidance: >9%
Book to bill 1.2x
Construction Orders
Guidance: Book to bill >1.1x
€ (351) mln
Net Financial Position
Guidance: (400)/(500) € mln
> 1.1x book to bill
New orders expected
> 10% of 2016
Expected revenues
> 5%
EBIT Margin
~ €100 mln
Gross debt reduction
€9 bln
Revenues
> 10%
EBITDA margin
> €900 mln
of FCF generation
Investment grade rating
Ready
40%
Increasing pay-out ratio

Sustainability Model

Integrating sustainability into the business

Over the years, Salini Impregilo has developed and refined a business model capable of combining the creation of economic value for its shareholders, investors and clients with the generation of value, while limiting the adverse social and environmental impact of our activities.

Sustainability Strategy

Our priorities

Concrete actions

FINANCIAL
  • Growing and generating cash
  • Geographic diversification to low-risk countries
  • Bid selection based on the "Salini Impregilo risk/return approach”
  • Selective and dynamic portfolio management
PEOPLE
  • Continue to invest in training to ensure the professional development of our employees, by increasingly leveraging internal expertise and know-how and the most innovative methodologies
  • Promote the ongoing scouting and attraction of talent profiles
HEALTH AND SAFETY
  • Continue the implementation of the leadership plan on health and safety designed to create safety leaders, strengthening the internal culture with the aim of encouraging proactive behaviour and improve injury rates by a further 3% in 2017
ENVIRONMENT
  • Continue to improve environmental performance
  • Optimize energy consumption and waste management, developing a plan to improve environmental performance aimed at continuing the reduction of waste by 5% in three years
LOCAL ECONOMIES AND SUPPLY CHAIN
  • Continue to support our local value chain, strengthening support, communication, training and transparency activities
COMMUNITIES
  • Continue activities to involve local stakeholders
  • Continue to increase the dialogue with our global stakeholders
  • Continue to support our communities through direct interventions and social programmes