Acs, Actividades De Construccion Y Servicios Sa · BME:ACS
Acs, Actividades De Construccion Y Servicios Sa — H1 2022 Earnings Presentation
16 slides from Acs, Actividades De Construccion Y Servicios Sa's earnings presentation, Jul 29, 2022
Slide 1: H1 2022 Results Presentation
ACTIVIDADES DE CONSTRUCCION Y SERVICIOS e H1 2022 RESULTS PRESENTATION July 29, 2022
Slide 2: Slide 2
Slide 3: H1 22 Key figures
H1 22 Key figures Figures in € million 6M22 reported YoY Var. YoY Var. ex FX □ Sales above pre-pandemic levels SALES 15,415 +15.6% +7.9% across activities and core regions + USD appreciation BACKLOG 69,397 +15.7% +6.5% □ Strong Backlog supported by outperformance in contracting activities (+20% LTM
Slide 4: Geographical diversification
Geographical diversification +18.1% YoY AMERICA +21.1% YoY ASIA PACIFIC ASIA PACIFIC +13.0% YoY +15.3% YoY * 22% 28% SALES BACKLOG 55% 15,415 62% 69,397 16% €mn €mn EUROPE +10.4% YoY 17% EUROPE +2.2% YoY * Restated for Ventia’s proportional backlog in H1 21 after its reclassification as financial in
Slide 5: Net Profit by activities
Net Profit by activities Figures in € Million 6M21 6M22 YoY Var. Construction 158 170 +8.0% Hochtief (ex ABE) 95 116 +21.8% Dragados 69 62 -9.9% Concessions 42 79 +91.0% Services (Clece) 14 16 +13.1% Net Profit from Operating activities 213 265 +24.5% +143.2% Corporate and others* (77) 65 Proforma N
Slide 6: By activities - Construction
By activities - Construction Operating figures Backlog breakdown SALES €million EBIT €million +14.5% DRAGADOS 16.1% 14,358 22% 12,363 10.8% 433 -5.4% HOCHTIEF Europe 6% 66.7 HOCHTIEF America +22.2% € bn 43% 391 3.0% -6 b.p vs H1 21 HOCHTIEF 3.0%(1) Margin sales over (2) Asia Pacific +15.2% 29% H1 21
Slide 7: By activities - Concessions
By activities - Concessions EBITDA evolution Abertis – Key figures €million 85 € Million 6M21 6M22 Var. Traffic evolution 1H 22 vs 1H 21 2,260 2,427 +7.4% Chile 35.5% +31 €mn Revenues Spain 31.1% 55 1,554 EBITDA 1,697 +9.2% France 25.0% Italy 24.3% Net Profit pre PPA 262 285 +8.5% Mexico 10.9% Brazi
Slide 8: By activities - Services
By activities - Services Operating figures Backlog breakdow SALES €million EBIT €million United Kingdom 10.7% +25.0% 905 9% 817 15.3% 2,731 Portugal 3% -6.5% 23 27 € mn Margin over Spain 2.8% sales 2.9% +2.3% 88% H1 21 H1 22 H1 21 H1 22 o Positive backlog evolution growing by 3.9% overall o Sales in
Slide 9: YTD Cash Flow
YTD Cash Flow -200 €mn vs H1 21 (640) 895 377 (408) (191) (12) +145 €mn vs H1 21 (985) 2,009 2,029 1,044 Net Cash Gross FFO WC Variation Capex & Operating Net project Shareholder F/X Adjustments Net Cash Jun-22 CIMIC's takeover Net Cash Dec-21 Leases divestments Remuneration & Others pre CIMIC's bid
Slide 10: LTM Net Debt evolution
LTM Net Debt evolution (1,075) 77 (985) 4,902 1,044 (2,976) 1,101 Net Debt Funds generated Industrial Services sale Shareholder F/X Adjustments CIMIC's takeover bid Net Cash Jun-21 from activities Remuneration & Others Jun-22 6M22 – Results Presentation 10
Slide 11: Recent awards H1 22
Recent awards H1 22 Contract to provide mining, Mining Contract for widening the Civil Works rehabilitation and port management Services riverbed of the Svrakta River to services in Central Kalimantan, prevent flooding in Brno, Czech 378 €MN Indonesia 850 €MN Republic Mining Provision of mining serv
Slide 12: Strong backlog provides visibility in the near term
Strong backlog provides visibility in the near term Group’s Backlog evolution (in EUR billion) US backlog (in USD billion) rebounding above pre-pandemic levels 35.3 69.4 34.0 63.7 2.7 32.7 32.5 59.6 60.0 31.7 31.7 31.3 57.1 2.9 2.7 2.6 14.2 2.7 12.5 13.1 12.4 11.8 Jun-19 Dec-19 Jun-20 Dec-20 Jun-21
Slide 13: Positive sector outlook for the mid-long term
Positive sector outlook for the mid-long term Population and urban 75 USD trillion * growth Investments needs 2022-2040 Energy and Goverments stimulus plans 3.2 USD trillion * material prices peaking, STRONG DEMAND 4.6% of G20 GDP some starting to FOR Price inflation decrease INFRASTRUCTURE Global f
Slide 14: Conclusions
Conclusions EBIT growth Operating FCF from Strong operating performance 1 with solid cash flow generation ex FX +7.6% CF pre WC +19.3% Operation +330 €mn 2 Robust financial position even post CIMIC takeover bid Net Cash 1,044 €mn +4,020 €mn LTM 3 Attractive Shareholder remuneration AGM approving sta
Slide 15: 3M22 – Results Presentation
3M22 – Results Presentation 15
Slide 16: Legal Disclaimer
Legal Disclaimer This document contains forward-looking statements on the intentions. expectations or forecasts of Grupo ACS or its management at the time the document was drawn up and in reference to various matters including. among others. its customer base. its performance. the foreseeable growth
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