- RECORD NEW ORDERS: €5 BILLION YEAR TO DATE
- SIGNIFICANT IMPROVEMENT IN BACKLOG QUALITY PARTLY THANKS TO AUSTRALIA’S CONTRIBUTION WHICH PASSES FROM 1.5% OF GROUP TOTAL (IN 2018) TO ABOUT 12%
- COMMERCIAL PIPELINE EQUAL TO €45 BILLION, OF WHICH MORE THAN 50% IN NORTH AMERICA, EUROPE AND AUSTRALIA
- ECONOMIC AND FINANCIAL PERFORMANCE IN LINE WITH EXPECTATIONS
MILAN, May 15, 2019 – The Board of Directors of Salini Impregilo (MTA: SAL) examined today the following data and information relating to the business evolution since the start of 2019.
NEW ORDERS YEAR-TO-DATE
New orders acquired year to date amounted to approximately €5 billion, of which €0.5 billion refers to projects in the process of being finalized.
The geographical profile of the projects acquired reaffirms the commercial strategy of expanding the Group’s order book in markets with a low risk profile. In particular, with the acquisition of the Snowy 2.0 hydropower megacontract, Australia has become one of the Group’s growth markets, with its relative contribution to the Group’s total order backlog growing from 1.5% to ca. 12%.
The main projects acquired include:
- Lot 2 of the D3 Highway (Czech Republic): €225 million – Contract to build a section of a highway in the south of the Czech Republic. Salini Impregilo and its joint-venture partner Doprastav of Slovakia will build Lot 2 of a section of the D3 highway which represents part of the ring road of the town of Ceskie Hodejovice, near the Austrian border. The lot is 12.53 kilometres long.
- Naples-Bari High-Speed Railway (Italy): €608 million – Salini Impregilo, leader with a 60% stake of a consortium with Astaldi, will build the Apice-Hirpinia section of the line that runs for some 18.7 kilometres. The contract includes the construction of a station at Hirpinia, three tunnels and four viaducts. The new section, which will allow trains to travel at speeds of up to 200 kilometres per hour follows another project for the Trans-European Transport Network (TEN-T) that the Group is building on the Napoli-Bari line: a section of 15.5 kilometres between Napoli and Cancello.
- Snowy 2.0 Hydropower (Australia): AU$5.1 billion – Salini Impregilo, leader of the Future Generation joint-venture with a combined 65% stake, will carry out the civil and electromechanical engineering works of the Snowy 2.0 hydroelectric project.
Snowy 2.0 is the biggest hydroelectric project in Australia and will be an expansion of a network of hydro power stations in the Snowy Mountains Hydro-electric Scheme, helping underpin Australia’s renewable energy future.
- New “Orient Express” High-Speed Railway Project (Turkey): €530 million – Salini Impregilo has won a contract to build a 153-kilometre section of a new “Orient Express” high-speed railway in Turkey between Istanbul and the border with Bulgaria. The line will belong to the TEN-T that connects member countries of the European Union. It will be a part of the Orient/East-Med Corridor, which connects Central Europe with ports of the North, Baltic, Black and Mediterranean seas. The contract will be financed in euros by the European Union through funds from the European Investment Bank.
- Caloosahatchee Reservoir, Florida (USA): $524 million – Contract to build the Caloosahatchee (C43) West Basin Storage Reservoir in southern Florida. The contract is to reduce harmful discharges into the Caloosahatchee Estuary in Hendry County. It includes the construction of an earth-fill dam with a perimetre of about 16.3 miles (26.2 kilometres) and a separator dam of 2.8 miles (4.5 kilometres) in length.
The overall pipeline of the Group's commercial activities exceeds €45 billion.
The breakdown by category, by geographical area and by business segment is shown below. North America, Europe, Asia and Australia account for more than 52% of the planned commercial activity.