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Relazione Finanziaria Semestrale Al 30 Giugno 2016

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Relazione Finanziaria Semestrale Al 30 Giugno 2016 RELAZIONE FINANZIARIA SEMESTRALE AL 30 GIUGNO 2016 Relazione finanziaria semestrale al 30 giugno 2016 INDICE ORGANI SOCIALI E COMITATI ................................................................................................. 4 RELAZIONE SULL’ANDAMENTO DELLA GESTIONE AL 30 GIUGNO 2016 ................... 5 Risultati del Gruppo e situazione finanziaria .......................................................................................... 5 Outlook .................................................................................................................................................. 15 Operazioni industriali e finanziarie ....................................................................................................... 16 Operazioni con parti correlate ............................................................................................................... 18 Indicatori di performance “non-GAAP” ............................................................................................... 19 BILANCIO CONSOLIDATO SEMESTRALE ABBREVIATO AL 30 GIUGNO 2016.......... 22 Conto economico abbreviato separato consolidato ............................................................................... 23 Conto economico abbreviato complessivo consolidato......................................................................... 24 Situazione patrimoniale finanziaria abbreviata consolidata .................................................................. 25 Rendiconto finanziario abbreviato consolidato ..................................................................................... 26 Prospetto abbreviato delle variazioni del patrimonio netto consolidato ................................................ 27 Note esplicative ..................................................................................................................................... 28 1. INFORMAZIONI GENERALI ............................................................................................................. 28 2. FORMA, CONTENUTI E PRINCIPI CONTABILI APPLICATI ................................................................... 28 3. STAGIONALITÀ DEL BUSINESS DI RIFERIMENTO .............................................................................. 29 4. EFFETTI DI MODIFICHE NEI PRINCIPI CONTABILI ADOTTATI ........................................................... 29 5. EVENTI DI RILIEVO INTERVENUTI DOPO LA CHIUSURA DEL PERIODO ............................................... 29 6. INFORMATIVA DI SETTORE ............................................................................................................ 29 7. ATTIVITÀ IMMATERIALI ................................................................................................................. 31 8. ATTIVITÀ MATERIALI ..................................................................................................................... 31 9. ALTRE ATTIVITÀ NON CORRENTI .................................................................................................... 32 10. CREDITI COMMERCIALI (INCLUSI LAVORI IN CORSO) ...................................................................... 33 11. ALTRE ATTIVITÀ CORRENTI ........................................................................................................... 33 2 Relazione finanziaria semestrale al 30 giugno 2016 12. PATRIMONIO NETTO ..................................................................................................................... 33 13. DEBITI FINANZIARI ....................................................................................................................... 34 14. FONDI PER RISCHI E PASSIVITÀ POTENZIALI ................................................................................... 36 15. BENEFICI AI DIPENDENTI .............................................................................................................. 38 16. ALTRE PASSIVITÀ CORRENTI E NON CORRENTI ................................................................................ 38 17. DEBITI COMMERCIALI (INCLUSI ACCONTI DA COMMITTENTI) .......................................................... 38 18. RICAVI ......................................................................................................................................... 39 19. ALTRI RICAVI E COSTI OPERATIVI .................................................................................................. 39 20. COSTI PER ACQUISTI E PERSONALE ............................................................................................... 39 21. AMMORTAMENTI E SVALUTAZIONI ................................................................................................. 40 22. PROVENTI E ONERI FINANZIARI ..................................................................................................... 41 23. EFFETTO DELLA VALUTAZIONE DELLE PARTECIPAZIONI CON IL METODO DEL PATRIMONIO NETTO ... 41 24. ATTIVITÀ POSSEDUTE PER LA VENDITA E DISCONTINUED OPERATION .............................................. 41 25. UTILE PER AZIONE ....................................................................................................................... 42 26. FLUSSO DI CASSA DA ATTIVITÀ OPERATIVE ..................................................................................... 42 27. OPERAZIONI CON PARTI CORRELATE ............................................................................................. 43 Allegato: area di consolidamento .......................................................................................................... 48 Attestazione sul bilancio semestrale abbreviato consolidato al 30 giugno 2016 ai sensi dell’art. 154 bis, comma 5 del D.Lgs. n. 58/98 e successive modifiche e integrazioni ............................................. 52 Relazione della Società di revisione sulla revisione contabile limitata del bilancio consolidato semestrale abbreviato al 30 giugno 2016 .............................................................................................. 53 3 Relazione finanziaria semestrale al 30 giugno 2016 Organi sociali e comitati CONSIGLIO DI AMMINISTRAZIONE COLLEGIO SINDACALE (per il triennio 2014 - 2016) (per il triennio 2015 - 2017) GIOVANNI DE GENNARO Presidente Sindaci effettivi MAURO MORETTI RICCARDO RAUL BAUER Amministratore Delegato e Direttore Generale Presidente GUIDO ALPA NICCOLÒ ABRIANI Consigliere (a, c) MARINA ELVIRA CALDERONE LUIGI CORSI Consigliere (b, c) PAOLO CANTARELLA FRANCESCO PERRINI Consigliere (a) MARTA DASSU’ DANIELA SAVI Consigliere (c, d) ALESSANDRO DE NICOLA Sindaci supplenti Consigliere (b, d) STEFANO FIORINI DARIO FRIGERIO Consigliere (b, c) MARIA TERESA CUOMO FABRIZIO LANDI Consigliere (a, d) SILVIA MERLO Consigliere (a, d) MARINA RUBINI ________________________________________ Consigliere (b, c) SOCIETA’ DI REVISIONE LEGALE KPMG S.p.A. (per il periodo 2012 - 2020) *************************************** LUCIANO ACCIARI Segretario del Consiglio di Amministrazione ________________________________________ ________________________________________ a. Componente del Comitato Controllo e Rischi b. Componente del Comitato per la Remunerazione c. Componente del Comitato per le Nomine d. Componente del Comitato Analisi Scenari Internazionali 4 Relazione finanziaria semestrale al 30 giugno 2016 Relazione sull’andamento della gestione al 30 giugno 2016 Risultati del Gruppo e situazione finanziaria Key Performance Indicator (“KPI”) giugno 2016 giugno 2015 Variaz. 2015 Ordini 12.867 5.539 132,3 % 12.371 Portafoglio ordini 34.996 29.303 19,4% 28.793 Ricavi 5.413 5.973 (9,4%) 12.995 EBITDA 786 738 6,5% 1.866 EBITDA Margin 14,5% 12,4% 2,1 p.p. 14,4% EBITA 472 450 4,9% 1.208 ROS 8,7% 7,5% 1,2 p.p. 9,3% EBIT 399 351 13,7% 884 EBIT Margin 7,4% 5,9% 1,5 p.p. 6,8% Risultato Netto ordinario 200 91 119,8% 253 Risultato Netto 210 111 89,2% 527 Indebitamento Netto di Gruppo 4.233 4.990 (15,2%) 3.278 FFO 390 516 (24,4%) 1.446 FOCF (793) (743) (6,7%) 307 ROI 11,8% 11,0% 0,8 p.p. 15,7% ROE 9,4% 4,5% 4,9 p.p. 6,2% Spese di Ricerca e Sviluppo 621 644 (3,6%) 1.426 Organico 46.732 55.393 (15,6%) 47.156 Per la definizione degli indici si rimanda al paragrafo “Indicatori di performance non-GAAP”. Il primo semestre del 2016 conferma per Leonardo–Finmeccanica il successo delle azioni di efficientamento messe in atto negli esercizi precedenti, in particolare sui processi produttivi ed industriali in aree di business che nel passato avevano manifestato significative criticità. Tali azioni, unitamente agli effetti della razionalizzazione del perimetro delle attività e del portafoglio prodotti, hanno determinato un progressivo riposizionamento del Gruppo, tale da garantire, pur in presenza di un periodo di difficoltà in taluni mercati di riferimento (tra cui quello civile degli Elicotteri), il rispetto dell’obiettivo di crescita della redditività posto alla base del Piano Industriale. Nel dettaglio, nell’analisi dei primi 6 mesi dell’esercizio si segnalano i seguenti aspetti: un livello di ordini più che raddoppiato rispetto al primo semestre del 2015 (+132 %), per effetto dell’acquisizione del contratto per la fornitura di 28 velivoli Eurofighter Typhoon al Ministero della Difesa del Kuwait, per un valore complessivo pari a €mld. 7,95, con un book-to- bill (rapporto ordini / ricavi) pari a 2,4; la crescita del portafoglio ordini, che sale a €mld. 35 (+ 19% rispetto al 30 giugno 2015) per effetto di tali acquisizioni; 5 Relazione finanziaria semestrale al 30 giugno
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