Financials Fincantieri S.p.A.

Equities

Market Closed - Borsa Italiana Other stock markets 16:44:59 10/12/2024 GMT			After market 20:59:59
6.682 ^EUR	-0.12%		6.671	-0.16%

05:57pm	Mib weak at end of session; focus on US inflation	AN
11:54am	European indexes in the red; selling on Leonardo	AN

Fiscal Period: Diciembre	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	5,849	5,879	6,911	7,482	7,651	8,119	8,989	9,474
Change	-	0.51%	17.55%	8.26%	2.26%	6.11%	10.72%	5.4%
EBITDA ¹	320	314	495	221	397	495.4	636.5	715
Change	-	-1.88%	57.64%	-55.35%	79.64%	24.78%	28.49%	12.32%
EBIT ¹	153	148	289	-10	162	241.3	367.1	435
Change	-	-3.27%	95.27%	-	-	48.93%	52.14%	18.51%
Interest Paid ¹	-134	-131	-105	-80	-169	-211.8	-215	-212.2
Earnings before Tax (EBT) ¹	-54	-199	100	-308	-49	-4.573	-	-
Change	-	268.52%	-	-	-84.09%	90.67%	100%	-
Net income ¹	-141	-240	22	-309	-53	-17.62	68.68	118
Change	-	70.21%	-	-	-82.85%	66.75%	-	71.8%
Announcement Date	01/04/20	25/02/21	23/03/22	07/03/23	07/03/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	1,417	1,595	1,307	1,062	1,165	2,345	1,648	1,603	1,285	2,126	1,681	1,839	1,795	2,167	1,764	1,905	2,268	1,767	1,914	1,902	2,586
Change	-	12.56%	-18.06%	-18.75%	9.7%	101.29%	-29.72%	-2.73%	-19.84%	65.45%	-20.93%	9.4%	-2.39%	20.72%	-18.6%	7.99%	19.06%	-22.09%	8.33%	-0.63%	35.96%
EBITDA ¹	72	33	72	47	81	114	101	118	111	165	118	-28	82	49	87	98	121	100.4	113.6	114	169
Change	-	-54.17%	118.18%	-34.72%	72.34%	40.74%	-11.4%	16.83%	-5.93%	48.65%	-28.48%	-	-	-40.24%	77.55%	12.64%	23.47%	-17.05%	13.21%	0.33%	48.25%
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100%	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6.193	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100%	-
Announcement Date	07/11/19	01/04/20	14/05/20	30/07/20	12/11/20	25/02/21	13/05/21	29/07/21	11/11/21	23/03/22	05/05/22	26/07/22	07/11/22	07/03/23	18/05/23	26/07/23	07/03/24	12/06/24	30/07/24	14/11/24	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 S1	2021 S1	2022 S1	2023 S1	2024 S1
Net sales ¹	2,369	3,251	3,520	3,669	3,681
Change	-	37.23%	8.27%	4.23%	0.33%
EBITDA ¹	119	219	90	185	214
Change	-	84.03%	-58.9%	105.56%	15.68%
EBIT ¹	54	123	-21	72	91
Change	-	127.78%	-	-	26.39%
Charge d'intérêts	-63	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-
Change	-	-	-	-	-
Net income ¹	-135	6	-230	-20	-24
Change	-	-	-	-91.3%	20%
Announcement Date	30/07/20	29/07/21	26/07/22	26/07/23	30/07/24

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	736	1,062	859	2,531	2,271	2,246	2,539	2,363
Change	-	44.29%	-19.11%	194.64%	-10.27%	-1.1%	13.05%	-6.93%
Announcement Date	01/04/20	25/02/21	23/03/22	07/03/23	07/03/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	279	309	358	295	258	250	233.8	219.4
Change	-	10.75%	15.86%	-17.6%	-12.54%	-3.1%	-6.48%	-6.16%
Free Cash Flow (FCF) ¹	-92	-852.7	236	-353	379	-337.3	-88.6	137.4
Change	-	826.87%	-127.68%	-249.58%	-207.37%	-189.01%	-73.74%	-255.03%
Announcement Date	01/04/20	25/02/21	23/03/22	07/03/23	07/03/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	5.47%	5.34%	7.16%	2.95%	5.19%	6.1%	7.08%	7.55%
EBIT Margin (%)	2.62%	2.52%	4.18%	-0.13%	2.12%	2.97%	4.08%	4.59%
EBT Margin (%)	-0.92%	-3.38%	1.45%	-4.12%	-0.64%	-0.06%	-	-
Net margin (%)	-2.41%	-4.08%	0.32%	-4.13%	-0.69%	-0.22%	0.76%	1.25%
FCF margin (%)	-1.57%	-14.5%	3.41%	-4.72%	4.95%	-4.16%	-0.99%	1.45%
FCF / Net Income (%)	65.25%	355.3%	1,072.73%	114.24%	-715.09%	1,913.99%	-129.01%	116.42%
Profitability
ROA	-	-	-	-	-	-	-	-
ROE	-12.9%	-26.8%	11.65%	-14.81%	-1.37%	4.44%	11.3%	15.05%
Financial Health
Leverage (Debt/EBITDA)	2.3x	3.38x	1.74x	11.45x	5.72x	4.53x	3.99x	3.3x
Debt / Free cash flow	-8x	-1.25x	3.64x	-7.17x	5.99x	-6.66x	-28.66x	17.2x
Capital Intensity
CAPEX / Current Assets (%)	4.77%	5.26%	5.18%	3.94%	3.37%	3.08%	2.6%	2.32%
CAPEX / EBITDA (%)	87.19%	98.41%	72.32%	133.48%	64.99%	50.47%	36.73%	30.69%
CAPEX / FCF (%)	-303.26%	-36.24%	151.69%	-83.57%	68.07%	-74.11%	-263.88%	159.73%
Items per share
Cash flow per share ¹	1.652	-3.182	5.023	-	3.754	0.7058	0.83	0.99
Change	-	-292.58%	-257.88%	-	-	-81.2%	17.59%	19.28%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	6.028	4.492	4.825	-	2.553	2.558	2.755	3.07
Change	-	-25.48%	7.4%	-	-	0.16%	7.71%	11.45%
EPS ¹	-0.8317	-1.417	0.1271	-	-0.3073	-0.075	0.1888	0.3386
Change	-	70.41%	-108.97%	-	-	-75.59%	-351.73%	79.34%
Nbr of stocks (in thousands)	169,494	169,243	169,511	-	168,852	322,180	322,180	322,180
Announcement Date	01/04/20	25/02/21	23/03/22	-	07/03/24	-	-	-