TOTO Costruzioni Company Profile 30052012 - TOTO SpA
TOTO Costruzioni Company Profile 30052012 - TOTO SpA
TOTO Costruzioni Company Profile 30052012 - TOTO SpA
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<strong>Company</strong> Overview<br />
Chieti, May 7 th 2012
AGENDA<br />
1 Toto Group Structure<br />
2<br />
Toto S.p.a. <strong>Costruzioni</strong> Generali: Overview<br />
3 Business Interests<br />
4<br />
5<br />
6<br />
7<br />
8<br />
Toto’s Strenght: Know How<br />
Toto’s Technological Assets<br />
The Construction Business<br />
Internationalization<br />
Toto S.p.a. <strong>Costruzioni</strong> Generali: Key Financials<br />
9 Disclaimer<br />
10 Appendix<br />
<strong>Company</strong> Overview<br />
2
Toto Group Structure<br />
The Group has a diversified portfolio of activities<br />
<strong>TOTO</strong> Holding<br />
Construction<br />
Concession<br />
Services<br />
Renewable Energy<br />
Aviation<br />
Transportation<br />
Strada dei Parchi<br />
Infraengineering<br />
Renexia<br />
AP Fleet<br />
Rail One<br />
ALITEC<br />
Intermodale<br />
Parchi Global<br />
Services<br />
Monteboli<br />
Alitalia<br />
(5,31%)<br />
Others<br />
Air One<br />
Executive<br />
<strong>Company</strong> Overview<br />
3
<strong>TOTO</strong> S.p.a. <strong>Costruzioni</strong> Generali<br />
Overview<br />
Toto S.p.a.<br />
<strong>Costruzioni</strong><br />
Generali<br />
• <strong>TOTO</strong> S.p.a. <strong>Costruzioni</strong> Generali is a general contractor company<br />
• Its main business is infrastructures’ construction with core competencies in tunnels and viaducts, both in<br />
Italy and abroad<br />
Mission<br />
• Focus on complex infrastructural construction projects technologically sophisticated<br />
Customers &<br />
Markets<br />
Key Financials<br />
2011<br />
(Expected)<br />
• ANAS – Italian national road network authority<br />
• Società Autostrade per l'Italia <strong>SpA</strong> – Italian Toll Motorways Concessionaire<br />
• Ferrovie dello Stato <strong>SpA</strong>, Italferr <strong>SpA</strong> – Italian Railways company<br />
• Strada dei Parchi S.p.a. – Italian Toll Motorways Concessionaire<br />
• Public Bodies<br />
• Shareholder’s equity Toto <strong>Costruzioni</strong>: 71 € Mio<br />
• PNF: 112 € Mio<br />
• Turnover: 247 € Mio<br />
• Net Invested capital: 218 € Mio<br />
Organization<br />
• Staff: 639<br />
• Subsidiaries: 10<br />
Business<br />
Development<br />
<strong>Company</strong> Overview<br />
• On going Projects: 16<br />
• Order Backlog: 790 € Mio<br />
4
Business Interests<br />
Three main strategic business areas<br />
20%<br />
50%<br />
EPC<br />
Renewables<br />
Roads, Railways,<br />
Viaducts,,<br />
etc,…<br />
Public Tender<br />
Roads, Railways, Viaducts,,<br />
etc,…<br />
30%<br />
EPC<br />
Concession<br />
Toll Roads, Logistics,<br />
Health Care<br />
Facilities, etc<br />
<strong>Company</strong> Overview<br />
5
Toto’s Strenght<br />
Know-How<br />
HIGHWAYS AND ROADS<br />
Tunnels<br />
Traditional method<br />
CORE SECTORS<br />
RAILWAYS AND MASS<br />
TRANSIT NETWORK<br />
TBM<br />
OTHERR<br />
Building Construction<br />
Agorà<br />
CORE COMPETENCIES<br />
Viaducts<br />
Steel deck Structure<br />
Pre-Casting<br />
Pre-Stressed deck<br />
Dywidag<br />
EPC Renewables<br />
Photovoltaic Plants<br />
Windfarms<br />
Crossbeam<br />
TBM Concrete Rings<br />
<strong>Company</strong> Overview<br />
6
<strong>TOTO</strong>’s Technological Assets<br />
TBM-Martignano<br />
Cutting Diameter 12,06m<br />
TBM-Martina<br />
Cutting Diameter 15,62m<br />
TBM 1-2 Cefalù<br />
Cutting Diameter 9,92m<br />
Total Lenght<br />
130m<br />
Total Lenght<br />
130m<br />
Total Lenght<br />
110m<br />
Cutting Area<br />
60mq<br />
Cutting Area<br />
192 mq<br />
Cutting Area<br />
77mq<br />
Total Weight<br />
370t<br />
Total Weight 4.500t<br />
Total Weight 1.225<br />
Total Installed capacity<br />
5MW<br />
Total Installed capacity<br />
18 MW<br />
Total Installed capacity<br />
5,6 MW<br />
Martina, the<br />
biggest<br />
TBM in the<br />
world<br />
Over 200 € mio investments in technology allows <strong>TOTO</strong> S.p.a<br />
<strong>Costruzioni</strong> Generali<br />
to keep its competitive advantage in tunnel<br />
construction.<br />
<strong>Company</strong> Overview<br />
7
The Construction Business<br />
Main Projects in Progress<br />
Colle Tenda<br />
Category: Motorway<br />
Client: Anas Spa<br />
Total Cost: 117 euro mio<br />
Ownership: 35%<br />
Status: 0% Completed<br />
Extraordinary Maintenance<br />
Barberino di Mugello<br />
Lotti 6/7<br />
Category: Motorway<br />
Client: ASPI S.p.a.<br />
Total Cost: 369 euro mio<br />
Ownership: 100%<br />
Status: 43% Completed<br />
Roma Est<br />
Category: Motorway<br />
Client: Anas Spa<br />
Total Cost: 198 euro mio<br />
Ownership: 100%<br />
Status: 31% Completed<br />
Barberino di Mugello<br />
Lotto 13<br />
Category: Motorway<br />
Client: ASPI S.p.a.<br />
Total Cost: 270 euro mio<br />
Ownership: 100%<br />
Status: 89% Completed<br />
Cefalù<br />
Category: Railway<br />
Client: Italferr S.p.a.<br />
Total Cost: 339 euro mio<br />
Ownership: 74%<br />
Status: 0% Completed<br />
Maintenance<br />
Category: Motorway<br />
Client: ASPI S.p.a.<br />
Total Cost: 146 euro mio<br />
Current: 46 euro mio<br />
On-going: 100 euro mio<br />
Ownership: 100%<br />
Status: 89% Completed<br />
<strong>Company</strong> Overview 8
Internationalization<br />
Countries and areas of interest<br />
Libya<br />
GDP: 96 USD mld<br />
GDP Growth : 3,3 %<br />
SACE Risk : H3<br />
Inflat.: 2,5 %<br />
Qatar<br />
GDP: 151 USD<br />
mld<br />
GDP Growth : 14%<br />
SACE Risk : L3<br />
Inflat.: -2,4 %<br />
Kuwait<br />
Iran<br />
GDP: 820 USD<br />
mld<br />
GDP Growth : 2%<br />
SACE Risk : H3<br />
Inflat.: 21,0 %<br />
GDP: 137 USD<br />
mld<br />
GDP Growth : 2,7%<br />
SACE Risk : M1<br />
Inflat.: 4,0 %<br />
UAE<br />
GDP: 181 USD<br />
mld<br />
GDP Growth : 2,6%<br />
SACE Risk : M1<br />
Inflat.: 1,7%<br />
Iraq<br />
GDP: 105 USD<br />
mio<br />
GDP Growth : 9,4 %<br />
SACE Risk : H3<br />
Inflat.: 2,4 %<br />
Turkey<br />
GDP: 960 USD<br />
mld<br />
GDP Growth : 8,9 %<br />
SACE Risk : M2<br />
Inflat.: 8,6 %<br />
East Europe<br />
GDP: 9,8 USD mld<br />
GDP Growth : 3,5 %<br />
SACE Risk : H3<br />
Inflat.: 3,4 %<br />
Sri Lanka<br />
GDP: 96 USD mio<br />
GDP Growth : 7,0 %<br />
SACE Risk : H2<br />
Inflat.: 6,2 %<br />
Oman<br />
GDP: 78 USD mld<br />
GDP Growth : 4,1 %<br />
SACE Risk : L3<br />
Inflat.: 3,4 %<br />
<strong>Company</strong> Overview 9
Toto S.p.a. <strong>Costruzioni</strong> Generali : Key Financials<br />
Turnover (€ Mio)<br />
247<br />
161 156 132<br />
105 111 52<br />
295<br />
124<br />
131<br />
Construction<br />
EPC Concession<br />
EPC Renewables<br />
224<br />
2012 Order Backlog (€ Mio)<br />
Construction<br />
EPC Concession<br />
56 435 34<br />
11<br />
54563<br />
40<br />
537<br />
2009<br />
2010<br />
2011<br />
2012E<br />
Net Debt (€ Mio)<br />
Net Invested Capital(€ Mio)<br />
80<br />
112<br />
100 74<br />
135<br />
108<br />
Net Debt<br />
Autoliquidanti<br />
503<br />
70<br />
8<br />
-53<br />
-45<br />
59<br />
36<br />
-31<br />
-26<br />
Intercompany Debt<br />
Asset Finance<br />
Corporate debt<br />
Cash&Equivalents<br />
218<br />
225<br />
200<br />
2010<br />
2011<br />
3/31/12<br />
2012E<br />
2010 2011 3/31/12 2012E<br />
<strong>Company</strong> Overview<br />
10
Disclaimer<br />
Toto S.p.a. <strong>Costruzioni</strong> Generali (“<strong>TOTO</strong>”) makes no representation or warranty, express or<br />
implied, as to the accuracy or completeness of the information contained in this document,<br />
and nothing contained herein is, or shall be relied upon, as a promise or a representation,<br />
whether as to the past, the present, or the future. Additionally, this document does not<br />
represent legal advice of any kind. Future results or values could be materially different from<br />
any forecast or estimate contained in these analyses.<br />
This report is solely for internal use. No part of it may be circulated, quoted, or reproduced for<br />
distribution outside the organization, without prior written approval from <strong>TOTO</strong>. It is not<br />
intended to, and may not be, relied upon by any person or entity and, therefore, any person or<br />
entity who receives this document or the information contained herein, with <strong>TOTO</strong>’s<br />
permission or otherwise, is hereby put on notice that (i) they are responsible for their own<br />
analyses and may not rely on any information contained herein, and (ii) <strong>TOTO</strong> makes no<br />
representations or warranties, including with respect to the accuracy or completeness of the<br />
information contained herein or any other written or oral communication transmitted or made<br />
available to the third party, and expressly disclaims any and all liabilities based on such<br />
information or on omissions therefore.<br />
<strong>Company</strong> Overview 11
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