1. 2017.07 CAF Investor Presentation V5

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1. 2017.07 CAF Investor Presentation V5 On Track to deliver shareholder returns July 2017 Company Milestones 1 2 3 Company A Strong Outlook Overview Foundation for Growth On Track to Deliver Shareholder Returns - 2 INDEX 1 2 3 Company A Strong Outlook Overview Foundation for Growth 01 Company Overview 02 A Strong Foundation For Growth 03 Outlook On Track to Deliver Shareholder Returns - 3 CAF at a glance Worldwide projects operating in more than 40 countries across 5 continents Integrated offering providing a one-stop solution for railway systems Employing 7,587 staff of which c.30% is highly qualified (1) Strong R&D and Engineering capabilities more than 950 people Revenue EBITDA/Margin Order Backlog International as % of Revenue €1.3bn €111351353535m/1m/1m/10000....3333%%%% €6.26.26.2bn6.2 bnbnbn 797979%79 %%% Note: Data as of 31 December 2016 (1) i.e. engineers and other university degree holders 01 Company Overview 02 A Strong Foundation For Growth 03 Outlook On Track to Deliver Shareholder Returns - 4 Company Milestones Global leader at the vanguard of technological development with a deep-rooted tradition 1892 2002 2004 2007 2009 2013 2013 2016 Beasain: Former Inauguration of the First variable-gauge First concession for CAF: Launch of URBOS First reference to Fully automated World’s longest ironworks, recon- Integrated Railway dual-voltage high- the Suburban Railway catenary-free tram CIVITY, the com- metros for Helsinki and largest verted into industrial Technology Centre. speed train for Renfe. System of Mexico. (Seville tramway). muter and regional and Santiago capacity tram workshops for wagon rail platform. de Chile. for Budapest repair and assembly. 2006 1917 Early 90s First train fitted with CAF 2010 2011 2014 Incorporation Shareholder consolidation. Cartera traction equipment. Foundation of Launch of OARIS, Shift 2Rail EU of CAF S.A. Social and local savings banks CAF Signalling. the 350 km/h High Joint 2008 provide support to CAF’s project. 2010 Speed Train. Undertaking First 100% low floor tram Start of internationalisation process. Leasing contracts in launched. CAF is (Seville) - light metro. Brazil and Mexico. one of the eight founding members. 2016 Railway Company License and Entity in Charge of Maintenance Certificate for the Spanish railway network 01 Company Overview 02 A Strong Foundation For Growth 03 Outlook On Track to Deliver Shareholder Returns - 5 Corporate Social Responsibility CAF considers all stakeholders in its strategic approach Environmental protection is a key focus area, offering sustainable products and Implementation of eco-design in the engineering processes to minimising the environmental impact of industrial activity – having achieved offer the most sustainable solutions from conception of product Commitment to the greenhouse gas emissions below levels set under the Kyoto protocol • CAF’s compromise with the communities in the surroundings Environment & Society • ISO 14001:2004 implemented in all CAF S.A. manufacturing plants since 2001 where its activity is developed comes into being through the promotion of initiatives focused on the improvement of their • CAF publishes environmental product declarations in compliance with ISO 14025 quality of life Maintaining an open dialogue Ensuring shareholder Progressing in the compliance Devoted to its with the financial community participation in decisions within of Good Governance Code through reinforcing the Investor their competences and focusing recommendations Shareholders Relations Unit on delivering returns Committed to offer the best- in- Broad base of suppliers to class services and quality to achieve competitiveness and high Engaged with Customers customers from design to quality standards delivery focusing on product • Use of web-based platforms and Suppliers adequacy and customer to ease communication with satisfaction suppliers Focus on balancing employees’ expectations and business objectives • Employees are the cornerstone of CAF’s success and • Skills development Focused on strategy, as such, the company is committed to programme aimed fostering its employees’ development through training at re-training and Employees courses (e.g. 125,000 hours of employee training expanding the skills of carried out during 2015-2016 at CAF S.A. alone.) our personnel 01 Company Overview 02 A Strong Foundation For Growth 03 Outlook On Track to Deliver Shareholder Returns - 6 Devoted to Delivering Shareholder Returns Engaging the market Market Performance CAF has reinforced the Investor Relations unit EUR Ibex indexed to CAF share price to have an open dialogue with the market: 40 35 Investor Relations team: Urtzi Montalvo 30 Head of Investor Relations 25 [email protected] 20 2015 2016 2017 CAF Spain IBEX35 Ainara Areizaga Alberto Altuna Investor Relations Investor Relations Shareholding Structure (1)(1)(1) [email protected] [email protected] Cartera Social 26% CAF is a well-known name in the financial community, Free Float (((2)(2)2)2) 52% Kutxabank (Savings Bank) being covered by a number of analysts: 14% (((3)(3)3)3) Institutional Investors 8% Dividends per Share (3) 1,2 1,05 1,05 1,05 1,05 80,0% 56,9% 43,9% 39,9% 0,525 27,8% 32,6% 24,6% 0,525 0,58 30,2% 0 0,0% 2010 2011 2012 2013 2014 2015 2016 (1) As of 30/06/2017. Source: Register of Shareholders (2) Kutxabank includes the shares of “Fundación Bancaria Kutxa”. Dividends per share (EUR) Payout ratio (%) (3) Institutional investors includes Indumenta Pueri (5%) and Bestinver (3%). Free float accounted as any investor with holdings below 3% (4) Dividend per share considered the effect of the split carried out in 2016. 01 Company Overview 02 A Strong Foundation For Growth 03 Outlook On Track to Deliver Shareholder Returns - 7 INDEX 1 2 3 Company A Strong Outlook Overview Foundation for Growth 01 Company Overview 02 A Strong Foundation For Growth 03 Outlook On Track to Deliver Shareholder Returns - 8 A Railway Solution Provider Strong, sustainable growth focused on delivering returns Turnkey Solutions Portfolio offering along the entire value chain including: rolling stock, services, signalling, subcomponents, superstructure, integration, etc. Rolling stock covering all segments: high speed, regional, commuter, metros, trams, etc. A High Product Adaptability Deep Roots in the Railway Industry Continuous focus towards delivering operational excellence and seamless execution through Experienced management team with proven track record modularisation E B High degree of product adaptability – bespoke solutions Longstanding shareholders supporting company’s long-term strategy Cost competitive modular platform solutions to meet customer needs High proportion of skilled and experienced employees Well positioned to capture future growth D C In-House Technological Excellence Global footprint with international production capabilities Focused on developing pragmatic solutions to tackle real needs for development of the business Increasing exposure to high-growth markets (turnkey management, rail control, services) Achieving technological independence from external and high-volume geographies (Western Europe – mainline) parties for critical railway technologies Strong presence in high-growth geographies (Latam, NAFTA) and vehicle types (urban, regional) 01 Company Overview 02 A Strong Foundation For Growth 03 Outlook On Track to Deliver Shareholder Returns - 9 A TurnKey Solutions Development of a Transport System CAF provides integral management and engineering in every phase of the project 1/ Situation Analysis and Feasibility Study Mobility studies and research for financial and legal structures Rolling Stock Other Electromechanical Systems 2/ System Design and Engineering Information & Design of the best railway solution Signalling Communication Systems 3/ Financial Solutions Project Financing Power Supply Leasing/Renting Tailored Solutions 4/ System Manufacture & Construction Railway system (track, stations and signals, etc) Rolling Stock Civil Works 5/ Commissioning Systems Delivery Maintenance / Operation 6/ Operation and Maintenance Infrastructure and Rolling Stock maintenance Spare parts supply Commercial service operation Systems Integration CAF guarantees the integration and compatibility of all the subsystems 01 Company Overview 02 A Strong Foundation For Growth 03 -Outlook On Track to Deliver Shareholder Returns - 10 A TurnKey Solutions Some references: Comprehensive Solutions CAF has an extensive experience in the execution of complex integral railway transportation projects worldwide Mexico City Toluca Kaohsiung Saragossa Rolling Stock Signalling Infrastructure and on-board signalling systems: High Speed Trains Regional Trains Commuter Trains Metros LRVs & Tram-Trains Trams & Light Metros Locomotives Coaches -ERTMS 1 and 2 -Mass transit signalling solution (metro and tramway) -Computer based interlocking (CBI) -Centralised railway traffic centres Maintenance / Refurbishment / Operation Critical Equipment Supplies Wheelsets and their parts Traction & Communication -Infrastructure and rolling -Complete wheelset Equipment stock maintenance -Wheels -Electric Traction Systems -Spare parts supply -Axles -Electric DC Traction Converter -Commercial service -Gearboxes -Electric AC Traction Converter operation -Couplers -Locomotive Traction Converter -After Sales Civil Works EPC Power Supply Other Electromechanical Systems -Platform construction Electrification of the lines: Systems for stations and tunnels: -Construction and refurbishment of -Engineering, Design, Technical -Video-surveillance systems (CCTV) classic and elastic rails
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