J a n u a r y - J u n e 2 0 1 6

R e s u l t s

Gamesa

Working to create value for the short,

medium and long term

Contents

  1. Period highlights

  2. January-June 2016 results and KPIs

  3. Outlook

  4. Conclusions

01 Period highlights

Maintaining commercial strength and profitable growth while advancing with the strategy 2017+ Competitive position focused on growth, with record order intake in Q2 16: 1.2 GW1 (+16% y/y)
  • Coverage of the low end of sales guidance (feb.16) for 2016 (>3,800 MWe) >100%

    Management focused on value creation, ROCE: 22%

    Through profitable growth,

    +33% y/y in revenues in H1 16: €2,192bn

    +70%2 y/y in EBIT: €230mn; EBIT margin: 10.5% in H1 2016

    +76%2 y/y in net profit2: €151mn in H1 2016 focused investment (working capital and capex),

  • -€146mn y/y in working capital @ 30th June

    +€30mn y/y in capex H1 16 and a sound balance sheet

  • €287mn in net cash @ June 2016

    Performance H1 16 > projections: guidance for 2016 upgraded

    • Volume: ≥4,000 MWe
    • Underlying EBIT: ≥€430mn; Margin ≥9.5%

Announcement of agreement to merge with Siemens Wind Power to create a

global leader in the wind power industry

1. Firm orders and confirmation of framework agreements for delivery in the current and subsequent years, including 916 MW signed in Q2 16 and announced in Q3 16

4 2. Growth using underlying figures pre-Adwen, excl. € 29mn at EBIT level in H1 15 (no impact in H1 16) and € 11.2mn at net profit level in H1 15 and -€ 13.5mn in H1 16

January-June 2016 Results

Gamesa Corporación Tecnológica SA published this content on 27 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 July 2016 15:51:03 UTC.

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