Talgo (TLGO) investor relations material

Company overview and market positioning

• Founded 84 years ago, the company has evolved from a family business to a global player, maintaining flexibility and client focus.

• Operates in high-speed, intercity, locomotive, and commuter/regional rolling stock segments, targeting markets in Europe and MENA with a €7.9bn pipeline for 2026-2027.

• Employs over 3,500 people and has industrial presence in eight countries, including Spain, Germany, USA, and Saudi Arabia.

Technology and product offering

• Features include independently rotating wheels, passive tilting, variable gauge, and 100% low-floor access for enhanced safety, comfort, and accessibility.

• Product range covers high-speed, intercity, locomotive, and commuter/regional trains, emphasizing energy efficiency and adaptability.

• Ongoing projects include 60 trains for Deutsche Bahn, 30 for FlixTrain, and 20 for Saudi Arabia Railways, with homologation across multiple countries.

Business model and services

• Operates an asset-light manufacturing model, focusing on design, testing, and high-value components, while outsourcing other parts.

• Provides comprehensive maintenance services, including consulting, modernization, component repair, and digital solutions.

• Integrated smart maintenance services optimize intervals by 20% for the latest high-speed models, enhancing reliability and cost efficiency.