Slide 1: Results Presentation 9M-2024
Results Presentation 9M-2024 6 November 2024
Slide 2: Highlights, Financial performance, Performance by business area, Annexes
Highlights Financial performance Performance by Annexes business area
Slide 3: Main Figures 9M-2024: Strong growth in Operating Cash Flow
Highlights Main Figures 9M-2024 Strong growth in Operating Cash Flow (+65%) High cash generation capacity EBITDA to cash 85% conversion 965 948 874 +65% 805 43% EBITDA (€M) OPERATING CASH FLOW (€M) 487 377 9M 2022 9M 2023 9M 2024 3 Note: Proforma figures for 9M 2022 and 9M 2023 excluding the contrib
Slide 4: Milestones 9M-2024: 4 new concessions in 2024
Highlights Milestones 9M-2024 Increased success rate in contract awards 4 new concessions in 2024 Turin Northern Chile Beds Airports Hospital airport network Post closure: project including the design, construction, financing, management and Expansion, improvement and maintenance of Investment the A
Slide 5: Milestones 9M-2024: Commissioning of assets
Highlights Milestones 9M-2024 Commissioning of 2 assets Ferrocarril Central Pamplona - Cúcuta 273 km 63 km Length Length 915 €M 592 €M Investment Successful execution Investment 15-year 22-year Term and delivery of Term greenfield projects 5 Pamplona – Cúcuta, Colombia
Slide 6: Milestones 9M-2024: I-10 Highway Louisiana
Highlights Milestones 9M-2024 I-10 Highway: Louisiana Financial close The project has public and private funding sources. Committed Equity $520 M (100% Consortium) Bond issuance - Private Activity Bonds This issue has been divided into four different tranches, with maturities between 2054 and 2066.
Slide 7: Milestones 9M-2024: Vehicle of assets in operation
Highlights Milestones 9M-2024 Vehicle of assets in operation Generating resources for Crystallizing the value Leveraging joint growth in concessions of our assets investment opportunities Entry to a minority shareholder with up to 49% Completed In progress Next steps • Meetings with interested • Ven
Slide 8: Milestones 9M-2024: Shareholder remuneration and operations
Highlights Milestones 9M-2024 Shareholder Financial remuneration Operations 1 1 Scrip Dividend January 2024 1 Transactions on Sacyr shares 1x50 0.062€ 92% Forward contracts formalized shares per right chose shares 2 Scrip Dividend September 2024 ▪ January 24 10 mill shares 1x40 0.079€ 92% ▪ May 24 1
Slide 9: Milestones 9M-2024: Investor Day, sustainability
Highlights Milestones 9M-2024 Investor Day 2024 Sustainability 1 1 ESG ratings Committed to Valuation of concessional assets sustainability S&P - Corporate 74 3,551 €M Sustainability Assessment +21% 74 E S G 69 84 68 69 64 61 1 Growth in concessions 1€Bn equity committed > > Sacyr achieves its highe
Slide 10: Main Figures 9M-2024
Highlights Main Figures 9M-2024 Million Euros 9M-24 9M-23* Chg.% REVENUE 3,262 3,244 +1% EBITDA 948 965 -2% EBITDA Margin 29.1% 29.7% -0.6 pp EBIT 870 830 +5% NET PROFIT 74 73 +1% OPERATING CASH FLOW 805 487 +65% OPERATING CASH FLOW / EBITDA 85% 50% *Pro-forma 9M 2023 figures eliminating the contrib
Slide 11: Financial Performance
Highlights Financial Performance Performance by Annexes business area
Slide 12: Net Debt Evolution 9M-2024 (€M)
Financial Performance Net Debt Evolution 9M-2024 (€M) 577 -220 147 6,599 6,408 -948 492 -534 677 WORKING OTHER ADJ. FINANCIAL NET CAPITAL FINANCING FLOW, DEC 23 EBITDA CAPITAL +TAX RESULT INVESTMENT INCREASE FOREX & OTHER SEPT 24 6,408 Funds from operations (FFO) -805 492 577 -220 147 6,599 12
Slide 13: Recourse Net Debt Evolution Q3-2024 (€M)
Financial Performance Recourse Net Debt Evolution Q3-2024 (€M) 3 5 215 196 -28 27 -4 9 -8 15 FINANCING WORKING DISTRIBUTIONS FROM FINANCIAL NET SCRIP JUN 24 EBITDA CAPITAL TAXES CONCESSIONS EXPENSES INVESTMENT(*) DIVIVIDEND FLOW, FOREX SEPT 24 & OTHER 196 Funds from operations(FFO) -31 15 27 5 3 215
Slide 14: Performance by business area
Highlights Financial Performance Performance by Annexes business area
Slide 15: Concessions
Performance by Business Area Concessions Improvement in project award Million Euros 9M-24 9M-23 Chg.% success rate. REVENUE 1,240 1,183 +5% Operating Revenue 961 875 +10% → Operating revenue (+10%) and EBITDA (+3%): Contributing to this increase are the commissioning of toll roads such as Rutas del
Slide 16: Concessions: Breakdown by country
Performance by Business Area Concessions COUNTRY REVENUE EBITDA ASSETS Breakdown Italy* 276 204 5 by country Colombia 347 215 6 Chile 385 144 17 Spain 135 99 16 Uruguay 108 81 2 Paraguay 51 40 1 Mexico 67 30 2 Peru 27 12 2 Brazil 35 3 1 USA 33 2 2 Other 52 1 6 Holding 0 -13 - TOTAL 1,516 819 60 TOTA
Slide 17: Engineering & Infrastructure
Performance by Business Area Engineering & Infrastructure Boosting the backlog with focus on 9M-24 9M-23 Chg.% Million Euros our own concessions REVENUE 1,974 1,986 -1% → We continue to focus on controlling and reducing risks in projects for EBITDA 286 322 -11% third parties. The weight of the backl
Slide 18: Engineering & Infrastructure: Main awards
Performance by Business Area Engineering & Infrastructure Main awards UK IRELAND Velindre Hospital – Wales 364 €M Rail Network Maintenance Dublin 76 €M ITALY SPAIN USA A-23 highway Via del Mare highway I-10 Louisiana highway 85 €M 160 €M 968 €M Huesca Boadilla del Monte University Hospital 56 €M Mad
Slide 19: Water
Performance by Business Area Water Solid and profitable growth with 9M-24 9M-23 Chg.% high potential Million Euros REVENUE 180 172 +5% → Revenue and EBITDA grew by +5% due to the good operating performance of the projects, with improvements at the international level in countries such as Australia a
Slide 20: Conclusions
Conclusions We are growing Increased in concessions More than 67% Operating Cash with of the Flow by 65%. 4 new projects construction in 2024 We continue to backlog for EBITDA to cash make progress Sacyr conversion ratio (extensive short- in the process Concesiones 85% medium term pipeline) Pedemont
Slide 21: Results presentation 9M-2024
lm | sacyi Results presentation RM 9M-2024
Slide 22: Contents
Highlights Financial Performance Performance by Annexes business area
Slide 23: Concessional Assets: Breakdown of assets
Concessional Assets Breakdown of assets Aunor (51%) Palma – Manacor (40%) Road 35 Viastur (70%) Turia (56%) Velindre Cancer Centre (31%) Barbanza (100%) Transport Hub 2 Braga Hospital (1%) Eresma (51%) Hacor Hospital (1%) Arlanzón (55%) Vilafranca Hospital (1%) Parla Hospital (51%) Hospital 10 Brisa
Slide 24: Performance in portfolio valuation
Concessional Assets Performance in portfolio valuation Increased value since ID21 which shows the robustness of our platform + €740M €3,551M (83) (40) 310 311 269 FX rate Interest rates and other Inflation (298) Incr. Future Growth 443 Increase 440 Discount rates (302) €2,811M Rolling Forward Value
Slide 25: Distributions from current portfolio
Concessional Assets Distributions from current portfolio Sacyr will receive €16.1Bn cash distributions (c.6x the company’s current market cap) The distributions from our current portfolio represent a major engine of growth for Sacyr in the future €800 Distributions 2024 – 2033 €3.5Bn €700 Total Dist
Slide 26: Operating cash flow – Room for re-leverage
Concessional Assets Operating cash-flow Operating cash flow – Room for re-leverage The current portfolio has a sound capacity to repay its debt service, which decreases over time, and leaves room for additional leverage 2024-2033 2034-2043 2044-2053 DSC Ratio DSC Ratio DSC Ratio 1.4x 1.6x 2.6x DSC R
Slide 27: Income Statement 9M-2024
Annexes Income Statement 9M-2024 Consolidated Income Statement Chg. % 9M 2024 9M 2023 Thousand euros 24/23 REVENUE 3,261,854 3,244,100 0.5% Other income 181,433 152,604 18.9% Total operating income 3,443,287 3,396,704 1.4% External and Operating Expenses -2,495,487 -2,432,142 2.6% EBITDA 947,800 964
Slide 28: Balance Sheet September 2024
Annexes Balance Sheet September 2024 Sep. Dec. Chg. Sep. Dec. Chg. Thousand euros 2024 2024 24/23 Thousand euros 2024 2024 24/23 NON CURRENT ASSETS 10,496,466 10,422,363 74,103 EQUITY 1,925,541 1,750,021 175,520 Intangible Assets 83,244 86,749 -3,505 Shareholder's Equity 956,150 795,759 160,391 Conc
Slide 29: Income Statement by Business Line 9M-2024
Annexes Income Statement by Business Line 9M-2024 Consolidated Income Statement 9M 2024 Sacyr Sacyr Sacyr Holding & Total Thousand euros Concesiones Ing & Infra. Water Adjustments REVENUE 1,240,050 1,974,119 180,379 -132,694 3,261,854 Other income 17,338 151,893 8,546 3,656 181,433 Total operating i
Slide 30: Income Statement by Business Line 9M-2023
Annexes Income Statement by Business Line 9M-2023 Consolidated Income Statement 9M 2023* Sacyr Sacyr Sacyr Holding & Total Thousand euros Concesiones Ing & Infra. Water Adjustments REVENUE 1,183,486 1,986,137 172,194 -97,717 3,244,100 Other income 13,046 132,092 4,728 2,738 152,604 Total operating i
Slide 31: Net Debt
Annexes Net Debt Million Euros Sep. 24 Dec. 23 Chg. Project Finance 6,384 6,139 245 Ex-project Finance ( debt with recourse) 215 269 -54 Total Net Debt 6,599 6,408 191 Debt type Fixed-rate 79% Floating-rate mitigated By by inflation Debt interest type 13% rate Floating-rate 8% 31
Slide 32: Concessions: Revenue breakdown
Anexos Concesiones Revenue breakdown Revenues breakdown Chg. % 9M 2024 9M 2023 € thousand 24/23 CHILE 250,619 261,679 -4.2% COLOMBIA 303,094 254,782 19.0% SPAIN 132,147 127,835 3.4% URUGUAY 94,925 70,610 34.4% MEXICO 64,202 64,691 -0.8% PARAGUAY 46,102 45,210 2.0% PERU 26,956 27,800 -3.0% BRAZIL 11,
Slide 33: Concessions: Traffic
Anexos Concesiones Traffic Accumulated ADT SHADOW TOLL HIGHWAY SPAIN 9M 2024 9M 2023 Chg. % 24/23 AUTOV.TURIA CV-35 42,210 41,755 1.1% PALMA MANACOR MA-15 29,735 28,459 4.5% VIASTUR AS-II 25,368 26,340 -3.7% AUTOV. ARLANZÓN 24,179 23,335 3.6% AUTOV. NOROESTE C.A.R.M. 13,915 13,448 3.5% AUTOV. BARBAN
Slide 34: Alternative Performance Measures
Annexes Alternative Performance Measures The Sacyr Group presents its earnings in accordance with International Financial Reporting Standards (IFRS). The Group also provide certain additional financial measurements, known as Alternative Performance Measures (APMs) used by management in decision-maki
Slide 35: Note
Note The financial information contained in this document is prepared according to the International Financial Reporting Standards. This information has not been audited and therefore may be modified in the future. This document does not constitute an offer, invitation or recommendation to buy, sell