Acs, Actividades De Construccion Y Servicios Sa · BME:ACS
Acs, Actividades De Construccion Y Servicios Sa — FY2022 Earnings Presentation
24 slides from Acs, Actividades De Construccion Y Servicios Sa's earnings presentation, Feb 28, 2023
Slide 1: 2022 Results Presentation
2022 RESULTS PRESENTATION February 28th, 2023 1
Slide 2: Executive Summary 2022
Executive Summary 2022 Florentino Pérez │ Executive Chairman 2
Slide 3: Executive Summary 2022
Executive Summary 2022 1 EXCELENT 2022 OPERATING RESULTS with strong financial position supported by a STRONG CASH GENERATION of the businesses 2 POSITIVE GROWTH PROSPECTS in strategic sectors and markets combined with a ROBUST AND DIVERSIFIED PROJECTS BACKLOG PROGRESS ON THE 2022 STRATEGIC OBJECTIV
Slide 4: Key figures 2022
Executive Summary 2022 1. Key figures 2022 SALES EBITDA NET PROFIT +9.4% 668 +66% Excelent business performance 33,615 +20.8% 1,747 €mn €mn €mn NET CAH POSITION FFO (FUNDS FROM OPERATIONS) Strong financial position after completing strategic investments 224 €mn 1,333 €mn BACKLOG ORDER INTAKE Project
Slide 5: Sales geographic breakdown
Executive Resumen Summary ejecutivo 2022 2. Sales geographic breakdown Sales 2022 33,615 €mn +20.8% +11.6% ex FX % nominal annual growth Germany -7.2% ROW 7% 3% Canada 6% +19.8% +11.2% ex FX Spain 9% U.S. 56% +6.1% +9.7% +12.9% ex FX Australia 19% +3.8% +14.6% ex FX Figures in million euros 5
Slide 6: Net Profit Evolution
Executive Summary 2022 3. Net Profit Evolution € mn 2021 (1) 2022 Var. Construction 273 350 +28.3% Concessions 167 194 +16.1% Services (Clece) 29 27 -6.4% Profit from the Activities 470 572 +21.8% Corporation & others (2) (67) 96 n.a Net Profit 403 668 +66.0% (1) Excluding the contribution of the In
Slide 7: Results 2022
Results 2022 Juan Santamaría │ CEO 7
Slide 8: Key figures and evolution
Results Resumen 2022 ejecutivo 2022 1. Key figures and evolution Annual variation € mn 2021 2022 SALES 27,837 33,615 +20.8% EBITDA 1,598 1,747 +9.4% NET PROFIT 403 668 +66.0% BACKLOG 63,733 68,996 +8.3% FUNDS FROM OPERATIONS 233 1,333 +1,101 NET (DEBT) / CASH 2,009 224 (1,785) Figures in million eur
Slide 9: Net Profit
Results Resumen 2022 ejecutivo 2022 2. Net Profit Figures in million euros 2021 2022 Var (%) Construction 273 350 +28.3% Hochtief (ex ABE & post PPA) 167 239 +43.3% Dragados 106 111 +4.8% Concessions 167 194 +16.1% Iridium 50 51 +2.5% Abertis 117 143 +21.9% Services 29 27 -6.4% Profit from the Activ
Slide 10: Business breakdown by countries
Results Resumen 2022 ejecutivo 2022 3. Business breakdown by countries Sales by countries 33,615 €mn Backlog by countries 68,996 €mn % over total sales % over total backlog 49% 33,504 56% 18,837 25% 17,131 19% 6,535 9% 9% 6% 4% 4% 6% 4% 3% 4% 3% 5,972 3,170 3,920 1,919 2,683 2,803 2,984 859 1,185 1,
Slide 11: Funds From Operations
Results Resumen 2022 ejecutivo 2022 4. Flujo de Fondos Operativos 2022 640 EBITDA 1,747 Dividends collected 640 1,747 1,699 44 Interests, taxes & other operating cash flows (688) (688) 1,333 (410) Gross FFO before WC variation 1,699 Working Capital variation 44 Investments & Operating Leases (410) E
Slide 12: Net Debt evolution
Results Resumen 2022 ejecutivo 2022 5. Net Debt evolution Figures in million euros 1,333 (318) (95) Minorities (531) ACS 2,370 2,009 (28) (187) MACA & others(3) (604) +15.1% HOT (924) CIMIC’s Takeover bid (1,715) 224 (431) Net Cash Funds From Payments for Dividends Adjustments Net Cash Strategic Pur
Slide 13: Business areas: Construction
Results Resumen 2022 ejecutivo 2022 6. Business areas: CONSTRUCTION Annual North America € mn 2021 2022 Var. (+26.4%) SALES 25,879 31,433 +21.5% EBITDA 1,275 1,389 +8.9% Europe (+3.2%) 10% Margin 4.9% 4.4% NET PROFIT 273 350 +28.3% 66% ✓ Generalized sales growth, particularly strong in the 21% U.S.
Slide 14: Business areas: Concessions
Results Resumen 2022 ejecutivo 2022 7. Business areas: CONCESSIONS € mn 2022 Var. €mn ▪ Positive operating performance driven by the recovery in traffic (+8.2%), EBITDA 167 +22 offsetting the impact of the reduction in the scope of consolidation (Acesa, Invicat and Sol) 59 +3 ▪ Cost of debt affected
Slide 15: Concessions: Iridium
Results Resumen 2022 ejecutivo 2022 7. CONCESSIONS: IRIDIUM Reinforcement of concessions with the SH-288 new acquisition USD mn 2022 Var. % ▪ Harris County (Texas) Highway with four new managed lanes extending Sales 74.1 56.9% 10.3 miles (17 km) EBITDA 54.4 120.2% ▪ Acquisition of a 56.76% stake for
Slide 16: Business areas: Services
Results Resumen 2022 ejecutivo 2022 8. Business areas: SERVICES Rest of Europe € mn 2021 2022 Annual Var. (+39.0%) Sales 1,643 1,819 +10.7% 11% EBITDA 88 97 +10.3% Margin 5.3% 5.3% 89% Spain Net Profit 29 27 -6.4% (+8.1%) Services to the Home help environment ✓ Domestic (+8,1%) and international (+3
Slide 17: Future outlook
Future outlook Juan Santamaría │ CEO 17
Slide 18: Challenges and opportunities in the infrastructure sector
Future Resumenoutlook ejecutivo 2022 1. Challenges and opportunities in the infrastructure sector Urban population Inflation growth SINGLE MARKET POSITIONING Limited Obsolete New energy material Tensions in the TRACK RECORD AND assets sources resources supply chain EXPERIENCE FLEXIBLE & DYNAMIC BUSI
Slide 19: Global investment in infrastructure
Future Resumenoutlook ejecutivo 2022 2. Global investment in infrastructure Boosting private and sustainable investment Government stimulus and infrastructure development plans Private capital raised by funds 2010-2021 (USD bn) Figures in billions of U.S. dollars Inflation Reduction Act (IRA) CHIPS
Slide 20: The Group's strategic lines
Future Resumenoutlook ejecutivo 2022 3. The Group’s strategic lines 1 Consolidation of the business and reduction of the risk profile of general contracting through more balanced and flexible contract types 2 Organic growth in infrastructure related to energy transition INTEGRATION VALUE CHAIN and d
Slide 21: Emerging demand: Boosting ACS's organic growth
Future Resumenoutlook ejecutivo 2022 4. Emerging demand: Boosting ACS’s organic growth Transportation Energy New Biopharma & & sustainable transition technologies Healthcare mobility o Battery plant in Ohio o Data centers in o Sydney intermodal o Pharmaceutical plant in Virginia, Ohio, transport bac
Slide 22: Conclusions
Conclusions Juan Santamaría│ CEO 22
Slide 23: Conclusions
Conclusions 1 Leadership position in developed infrastructure markets 2 Growth opportunities and focus on leading edge sectors 3 capacity Strong cash flow from operations generation Free Cash Flow 2022 > 1,000 €mn 4 Attractive shareholder remuneration Current dividend yield >7% 5 Selective strategic
Slide 24: 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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