Acs, Actividades De Construccion Y Servicios Sa · BME:ACS
Acs, Actividades De Construccion Y Servicios Sa — Grupo ACS — H1 2020 Earnings Presentation
14 slides from Acs, Actividades De Construccion Y Servicios Sa's earnings presentation, Aug 14, 2020
Slide 1: 1H 2020 Results Presentation
1H 2020 Results Presentation August 14th, 2020
Slide 2: COVID-19 impact on Grupo ACS
COVID-19 impact on Grupo ACS • CONSTRUCTION and INDUSTRIAL ACTIVITIES considered essential in most countries worldwide, thus showing resilience with lower impacts. • ABERTIS: Significant reduction 1H20 Sales breakdown by region in contribution to the Group's Net Profit (-141 €mn YoY) due 6% to confi
Slide 3: 1H20 Key figures
1H20 Key figures Figures in € million and % variation 1H20 reported YoY Var. YoY Var. EX ABERTIS SALES 18,337 -2.6% -2.6% BACKLOG 75,812 -0.9% -0.9% EBITDA 1,345 -17.0% -6.8% EBIT 859 -21.8% -6.7% NET PROFIT 361 -30.9% -5.1% NET FINANCIAL DEBT 2,699 +1,974 n.a 1H20 – Results Presentation 3
Slide 4: Sales breakdown by activity
Sales breakdown by activity INFRASTRUCTURE INDUSTRIAL SERVICES SERVICES -1.3% 14,235 14,049 -6.9% 3,804 -3.4% 3,540 786 759 1H19 1H20 1H19 1H20 1H19 1H20 » International sales » Sales positive evolution in increase (+12%), » Sales affected by COVID North America despite COVID restrictions particular
Slide 5: EBITDA breakdown by activity
EBITDA breakdown by activity INFRASTRUCTURE INDUSTRIAL SERVICES SERVICES CONSTRUCTION CONCESSIONS -4.5% 1,049 1,002 -6.6% 413 385 -54.7% 144 47 21 7.4% 7.2% (32) 10.8% 10.9% 5.9% 2.8% 1H19 1H20 1H19 1H20 1H19 1H20 1H19 1H20 » Slight margin decrease in construction due to » Highly labour intensive bu
Slide 6: Net Profit by activities
Net Profit by activities Figures in Euro Million 1H19 1H20 Var. Construction (Dragados + HOT ex ABE) 184 177 -3.7% Concessions - Iridium 6 20 n.s. Industrial Services 221 206 -7.0% Services (Clece) 19 1 n.s. HQ Overheads (12) (6) Net Profit ex Abertis 419 398 -5.1% Abertis contribution 104 (37) n.a.
Slide 7: Abertis 1H20 results
Abertis 1H20 results 1H20 Highlights Abertis – Key figures Average traffic performance in 1H20 of -29% due to temporary Euro Million 1H19 1H20 Var. LFL* lockdown measures. Improving traffic trends since end-April Revenues 2,592 1,789 -31% -24% EBITDA 1,784 1,109 -38% -31% Net Profit 514 134 -74% n
Slide 8: Free Cash Flow generation 1H20
Free Cash Flow generation 1H20 YoY var. ex ABE = neutral 1,409 1,345 64 Regular seasonality + ↓factoring (-215 €mn) 1,600 (190) 258 176 (624) Dividends from CAPEX & EBITDA affiliates, Financial GROSS FFO NET FFO FCF WC variation operating 1H20 results, taxes & 1H20 1H20 1H20 leases other 1H20 – Resu
Slide 9: Free Cash Flow and dividends adjusted
Free Cash Flow factoring adjusted 1H19 1H20 (37) (93) (130) ABE dividends 432 €mn Dividends ↓ -216 €mn (409) Dividends 216 €mn 215 (562) (624) (625) FCF var. from activities -63 €mn FCF Factoring FCF fact. adj. FCF Factoring FCF fact. adj. 1H19 variation 1H19 1H20 variation 1H20 1H20 – Results Prese
Slide 10: Net Debt evolution 1H20
Net Debt evolution 1H20 1,409 (54) (1,600) (434) (453) (809) (759) (2,699) Net Debt Dec- Gross FFO WC var. (1) CAPEX + op. Dividends + BICC payments Net project Net Debt Jun- NET DEBT NET DEBT 19 Leases Treasury stock investments 20 DEC-19 JUN-20 (ACS) and other (2) (1) 215 €mn lower factoring vs 1H
Slide 11: Positive Backlog trend
Positive Backlog trend 1H20 Backlog evolution F/X impact » Robust backlog: highly diversified in LFL YoY var.= NEUTRAL terms of activities, geographies and risk +6.8% CAGR 2016-2020 76,502 75,812 profile 69,782 65,200 » Positive outlook based on stimulus plan 61,551 and green deal agreements as part
Slide 12: Selected awards 2Q20
Selected awards 2Q20 ASIA PACIFIC SERVICES ASIA PACIFIC Contracts to provide maintenance for MINING Five-year contract extension by Jellinbah Group to continue to provide mining 1,539 €MN UGL´s clients in the oil and gas sector in Western Australia and Victoria (Australia) 277 €MN services at its La
Slide 13: Conclusions
Conclusions 1 Resilience of operating activities despite Covid situation 2 Solid financial position supported by cash flow stability from core businesses 3 Positive outlook and strong backlog provides high visibility 1H20 – Results Presentation 13
Slide 14: 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