Acs, Actividades De Construccion Y Servicios Sa · BME:ACS
Acs, Actividades De Construccion Y Servicios Sa — FY2023 Earnings Presentation
24 slides from Acs, Actividades De Construccion Y Servicios Sa's earnings presentation, Mar 1, 2024
Slide 1: 2023 Results Presentation
2023 March 15, 2024
Slide 2: 2023 Results – Executive Summary
2023 | Results Presentation 2023 Results – Executive Summary +9.2% / +13.5% FX adj +16.6% / +18.8% FX adj 1.9 667 PROFIT FROM 1.7 1 Outstanding 2023 operating results across businesses ACTIVITIES 572 EBITDA OP. NET (€bn) ✓ Operational Net Profit from Activities of € 667 mn, (+16.6 %), exceeding 2023
Slide 3: 2023 Key figures
2023 | Results Presentation 2023 Key figures Consistently solid results, strengthening of backlog and strong financial position % Var. Figures in € mn 2022 2023 % Var. (FX adj.) SALES 33,615 35,738 +6.3% +10.3% EBITDA 1,747 1,909 +9.2% +13.5% NET PROFIT 668 780 +16.7% +18.5% BACKLOG 68,996 73,538 +6
Slide 4: Net Profit by Activity
2023 | Results Presentation Net Profit by Activity +20% EPS growth on the back of strong operating results Figures in € mn 2022 2023 Var (%) FX Adj (%) Construction 350 434 +23.8% +27.7% Concessions 194 206 +5.7% - Services 27 28 +1.3% +1.3% Operational Net Profit from Activities 572 667 +16.6% +18.
Slide 5: Change in financial position
2023 | Results Presentation Change in financial position Solid cash flow generation coupled with disciplined strategic capital allocation resulted in increased net cash position at 2023 year-end Figures in € mn ( 66) ( 06) (7 ) (44 ) 2,247 (462) (6 2) 216 400 224 Net Cash ross Interest Cash ta C CAP
Slide 6: Performance by Activity
2023 | Results Presentation 2023 | Results Presentation Performance by Activity 6
Slide 7: Construction
2023 | Results Presentation Construction REVENUES EBIT BACKLOG +6.1% +10.4% +13.7% +20.0% +6.9% +9.9% 33,357 FX Adj 960 FX Adj 70.6 FX Adj €mn vs 2022 €mn vs 2022 €bn vs 2022 ▪ Consolidated growth trend ▪ Operating margin improvement ▪ Order intake boosted by high across markets with double digit ba
Slide 8: Construction: Revenues and Backlog by region
2023 | Results Presentation Construction Revenues and Backlog by region Strong growth across all regions in Construction N. America Asia Pacific Europe +5.1% / +8.8% FX adj +11.0% / +20% FX adj 21,609 REVENUES €mn 20,555 ▪ Operating margin ▪ Revenues backed by +3.1% ▪ Supported by positive momentum
Slide 9: Construction: Backlog by type of project
2023 | Results Presentation Construction Backlog by type of project The group’s construction backlog continues to diversify towards high growth markets Data centers & 5G roll-out 6% DIGITAL & OTHER 5% TECHNOLOGY AI related infrastructure Semiconductor 4.3 €bn NATURAL RESOURCES 5% Batteries 6% ENERGY
Slide 10: Construction: Selected projects
2023 | Results Presentation Construction Selected projects 2023 contract New Orders in both high growth and traditional markets Energy transition Digital & Technology BHE* and Social Infrastructure o Manufacturing facility for electric vehicle batteries for Panasonic o Construction of ten large scal
Slide 11: Concessions
2023 | Results Presentation Concessions OPERATIONAL EBITDA NET PROFIT NET PROFIT +35.1% +5.7% +98.3% 304 vs 2022 206 vs 2022 386 vs 2022 €mn €mn €mn ▪ Abertis strong performance after a substantial average tariff increase (+7%) and good traffic evolution (+3.4%) ▪ Sale of 56.76% of the SH-288 from I
Slide 12: Concessions: Performance by company
2023 | Results Presentation Concessions Performance by company Good operating performance at Abertis and impact of SH-288 transaction Contribution 2023 Var. Revenues 5,532 +8.4% EBITDA € mn NET PROFIT € mn EBITDA € mn NET PROFIT € mn EBITDA 3,893 +10.1% X1.1 X1.3 206 199 Net Profit 766 +14.7% X1.8 1
Slide 13: Concessions: Abertis
2023 | Results Presentation Concessions Abertis ▪ In July 2023, ACS signed an agreement with Mundys: • to promote a Growth Investment Plan expanding the portfolio of assets under management; • while maintaining an optimal capital structure in line with the requirements of credit rating agencies • Ne
Slide 14: Greenfield equity infrastructure investments
2023 | Results Presentation Concessions Greenfield equity infrastructure investments Strong greenfield concessional portfolio and pipeline of new projects ASIA PACIFIC RoW │2 assets│ │12 assets│ 91 1.2€bn NORTH AMERICA EQUITY EUROPE ASSETS │17 assets│ INVESTED(1) │60 assets│ │29 assets│ │18 assets│
Slide 15: Services
2023 | Results Presentation Services NET REVENUES EBITDA PROFIT +6.0% +11.1% +1.3% 1,928 vs 2022 107 vs 2022 28 vs 2022 €mn €mn €mn ▪ Strong operating performance in ▪ Operating margin stability ▪ Net profit in line with last year’s result Spain and abroad 15
Slide 16: ACS Group strategic guidelines
2023 | Results Presentation 2023 | Results Presentation ACS Group strategic guidelines
Slide 17: ACS Group strategic guidelines
2023 | Results Presentation ACS Group strategic guidelines Promote the integration of the group companies’ operations and simplification of the group structure Leverage our global position to capture growth opportunities in infrastructure investment related to digitalization, decarbonization and res
Slide 18: Integrated approach to operations and simplification of the ACS Group
2023 | Results Presentation Integrated approach to operations and simplification of the ACS Group Operations integrated platform in i) Integrated Solutions, ii) Engineering and Construction and iii) Infrastructure Investment 18
Slide 19: Strategic initiatives to leverage our unique position to capture growth
2023 | Results Presentation Strategic initiatives to leverage our unique position to capture growth Initiatives focused on improving our risk profile while pursuing high-growth in strategic markets De-risked approach to Enhance the group’s Global supply chain Offer global service to contracting engi
Slide 20: Key accelerators of current growth
2023 | Results Presentation Digitalization, decarbonization and reshoring as key mega trends Next wave of infrastructure investment in Digital & Technology, Energy Transition, BHE & Social and Sustainable Mobility Digital & Energy BHE & Social Sustainable Civil & Building Technology Transition Infra
Slide 21: Disciplined strategic capital allocation policy
2023 | Results Presentation Disciplined strategic capital allocation policy Goal is to support diversification, simplification and growth while maintaining an attractive shareholder remuneration Strategic M&A to support growth in new generation infrastructure Support Abertis’ growth plans through sy
Slide 22: Conclusions
2023 | Results Presentation 2023 | Results Presentation Conclusions
Slide 23: Conclusions
2023 | Results Presentation Conclusions REVENUES EBITDA EPS Solid operating performance +10.3% +13.5% .00€ (FX adjusted) (FX adjusted) +19.7% YoY OPERATIONAL NET PROFIT FROM ACTIVITIES FY guidance 2023A FY 2024 FY TARGET +16.6% +5-10% vs. 5-10% guidance Strategic steps on value creation ✓ Focus on o
Slide 24: Legal Disclaimer
2023 | Results Presentation 2023 | Results Presentation 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. it
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