CAF Rail Half-Year Report 2023

Highlights

• Positive order intake aligned with objectives. Btb=1.
  • Order intake €1,964m -26%
  • Backlog €13,337m +1%
• New all-time high backlog
  • €1,877m +23%
• Record-high revenue in both segments and double-digit revenue growth
  • EBITDA Mg €85m +27% .
  • EBIT Mg 4.5% +0.1p.p.
• Earnings growth and profitability improvement
  • Cash flow €-31m
• Stability in financial position and DFN/EBITDA ratio
  • NFD €309M
  • NFD/EBITDA 1.2x
• Positive assessment by leading ESG rating agencies
  • SUSTAINABILITY
    • Improved ESG ratings:
      • MSCI: upgraded from BBB to A
      • S&P: from 56 to 64