Acs, Actividades De Construccion Y Servicios Sa · BME:ACS
Acs, Actividades De Construccion Y Servicios Sa — H1 2026 Earnings Presentation
30 slides from Acs, Actividades De Construccion Y Servicios Sa's earnings presentation, Jul 29, 2026
Slide 1: H1 2026 Results Presentation
H1 2026 RESULTS PRESENTATION July 29th, 2026
Slide 2: H1 2026 Overview
H1 2026 | Results Presentation H1 2026 Overview Strong Operational Outstanding LTM Net Net Debt shows strong Continued growth in Accelerating growth; 2026 Net Profit(1) of Operating Cash Flow improvement of new orders to Op. Net Profit guidance €510mn, up 30.1% ("NOCF”) of €2.3bn €3.2bn yoy €36.6bn,
Slide 3: P&L and operating KPIs
H1 2026 | Results Presentation P&L and operating KPIs Sales growth of 12.0% yoy FX-adj. Euro Million H1 2025 H1 2026 yoy yoy FX-adj.(1) Sales 24,108 26,168 8.5% 12.0% EBITDA of €1,618mn, up 14.2% FX-adj., with strong operating EBITDA 1,434 1,618 12.8% 14.2% margin expansion across businesses and at
Slide 4: Operational Attributable Net Profit breakdown
H1 2026 | Results Presentation Operational Attributable Net Profit breakdown Strong Operational Net Profit growth of 30.1% (34.2% FX- Euro Million H1 2025(1) H1 2026 yoy yoy FX-adj. (2) adj) Turner 227 321 41.8% 50.4% CIMIC 91 93 2.6% (1.8%) Turner’s attributable Operational Net Profit grew by 50.4%
Slide 5: Cash flow performance
H1 2026 | Results Presentation Cash flow performance Outstanding sustained cash generation, with improving Net Operating Operating Cash Flow (€mn) Cash Flow, supported by a robust EBITDA performance +162mn Strong working capital performance despite usual H1 seasonality 0 yoy Tax timing effects in CI
Slide 6: Financial position
H1 2026 | Results Presentation Financial position Net cash position of €1bn, a strong improvement of €3.2bn yoy, driven by outstanding LTM NOCF performance and the successful Figures in millions of euros €1.7bn ABB offering +€3,208 mn Continued investments in Data Centers supported by strong NOCF yo
Slide 7: S&P credit rating update to BBB
H1 2026 | Results Presentation S&P credit rating update to BBB Credit rating upgrades for ACS, HOCHTIEF and CIMIC on strong business fundamentals Current rating Factors underpinning the upgrade Date of assessment: 28 July 2026 ▪ Stronger business profile and credit metrics ▪ Robustness of our financ
Slide 8: New orders and order backlog
H1 2026 | Results Presentation New orders and order backlog New orders (€bn) t er AI, Di ita & 9% Tec Critica inera s 1.3 & atura 22% 1.2 1.2 esources FX-adj. 10% ustainab e 31. 36.6 €105.9bn obi it 2 .5 8% enera Bui din 1 % Transport 15% Defense 1 202 1 2025 1 2026 % B E Ener e orders Boo to bi T 1
Slide 9: Recent significant new orders: AI, Digital & Tech
H1 2026 | Results Presentation Recent significant new orders AI, Digital & Tech Alcalá Data Center, Madrid, Spain AI, Digital & Technology o Richland Parish Meta Data Center, Expansion from 2 GW to 5 GW of IT capacity, Meta's largest campus, Louisiana, USA(1) o NTT Data Center, construction of a 36
Slide 10: Recent significant new orders: Energy Infrastructure
H1 2026 | Results Presentation Recent significant new orders Energy Infrastructure Energy Infrastructure o Narrogin Wind Farm, project to construct Neoen’s 179 MW Wind Farm to support the state’s energy transition and growing demand for reliable, lower-emissions power in Western Australia(1) o Rolls
Slide 11: Recent significant new orders: Transport & Sustainable Infrastructure
H1 2026 | Results Presentation Recent significant new orders Transport & Sustainable Infrastructure SR-400 Managed Lanes, Georgia, USA Transport & Sustainable Infrastructure o Roberts Bank Terminal 2 Project, multi-billion-dollar expansion that will increase West Coast container capacity, Vancouver,
Slide 12: Recent significant new orders: BHE & Social Infrastructure
H1 2026 | Results Presentation Recent significant new orders BHE & Social Infrastructure BHE(1) & Social Infrastructure o University of Kentucky, design and building of the university’s central utility plant, USA o Quantum Institute, hub for quantum research and education including specialized lab s
Slide 13: Recent significant new orders: Critical Minerals & Natural Resources
H1 2026 | Results Presentation Recent significant new orders Critical Minerals & Natural Resources Critical Minerals & Natural Resources o Yilgarn Iron, agreement to support the revival of iron ore production in the Koolyanobbing district, 400 kilometers east of Perth, Western Australia o Zinc Taili
Slide 14: Recent significant new orders: Defense
H1 2026 | Results Presentation Recent significant new orders Defense Defense o Modernization of Čás a Military Airport, €220mn complete repair of the runway and modernization of the airport lighting system, along with related infrastructure, Czech Republic o German Armed Forces' university campus, i
Slide 15: Performance by segment
Performance by segment H1 2026 | Results Presentation
Slide 16: Turner
H1 2026 | Results Presentation Turner Strong sales increase of 22.7% yoy FX-adj., driven mainly by data Euro Million H1 2025 H1 2026 yoy yoy FX-adj. centers, with solid trends in sports, pharma and airports Sales 12,216 14,130 15.7% 22.7% EBITDA 408 561 37.7% 46.1% EBITDA margin increased 64 bps to
Slide 17: CIMIC
H1 2026 | Results Presentation CIMIC Euro Million H1 2025 PF (3) H1 2026 yoy yoy FX-adj. Sales of €5.2bn, with increasing contributions from strategic growth Sales 4,954 5,150 4.0% (0.6%) markets, particularly data centers, with large transport infra projects winding down EBITDA 606 626 3.2% (1.3%)
Slide 18: Engineering & Construction
H1 2026 | Results Presentation Engineering & Construction Euro Million H1 2025 H1 2026 yoy yoy FX-adj. Sales increased by 8.1% yoy FX-adj., supported by new sustainable Sales 5,219 5,447 4.4% 8.1% mobility, digital infra and defense EBITDA 295 354 19.9% 24.4% EBITDA margin improved 84 bps to 6.5%, s
Slide 19: Infrastructure
H1 2026 | Results Presentation Infrastructure Euro Million H1 2025 H1 2026 yoy Abertis’ EBITDA increased 6.3%, supported by traffic and PBT 97 100 3.3% inflation-linked tariff increases. The year-on-year comparison of Abertis 90 86 (3.8%) the contribution to ACS was affected by a nonrecurring positi
Slide 20: Infrastructure - Abertis
H1 2026 | Results Presentation Infrastructure - Abertis Robust operating performance Euro Million H1 2025 H1 2026 yoy Sales (100%) 2,983 3,124 4.7% ▪ Revenues +5% and EBITDA +6% (LfL +4/+5%), underpinned by traffic EBITDA (100%) 2,117 2,251 6.3% growth and inflation-linked tariff increases % margin
Slide 21: Infrastructure - Abertis
H1 2026 | Results Presentation Infrastructure - Abertis EUROPE OVERSEAS HOLDING TOTAL € n France Spain Italy USA Mexico Chile Brazil Arg. Int. (3) A.Infra.(4) Total Group Km 1,873 631 236 293 844 494 2,622 175 152 - 7,320 Concessions 3 7 1 4 3 4 6 2 2 - 32 (2) Traffic -2.2% +2.9% +0.1% +2.3% +2.3% -
Slide 22: Development of fully-owned 1.2 GW giga-campus in Waterford, Ohio
H1 2026 | Results Presentation Development of fully-owned 1.2 GW giga-campus in Waterford, Ohio ACS D&E has launched its first 1 GW+ data center development in the US ✓ Invested c. $400mn to date (€300mn as of June 2026) ✓ Acquisition follows months of development work: ▪ In August 2025 we secured a
Slide 23: Dallas Fort Worth commercialization milestone
H1 2026 | Results Presentation Dallas Fort Worth commercialization milestone First lease signed with an investment-grade hyperscaler at the Dallas Fort Worth campus in Texas ✓ First hyperscale lease signed at Dallas Fort Worth: ▪ c.140 MW IT across three purpose-built buildings ▪ Coravel, the global
Slide 24: Conclusions
Conclusions H1 2026 | Results Presentation
Slide 25: Conclusions
H1 2026 | Results Presentation Conclusions EBITDA Operational Net Profit LTM NOCF Solid operating performance €1,618mn €510mn €2.3bn +14.2% FX-adj. yoy +30.1% yoy Up €683mn yoy Backlog Data Centers backlog New orders Strong market momentum €105.9bn €21.9bn €36.6bn +21% yoy(1) +c.88% yoy +19.1% FX-ad
Slide 26: Appendix
Appendix H1 2026 | Results Presentation
Slide 27: Infrastructure – Equity invested in greenfield projects as of June 30
H1 2026 | Results Presentation Infrastructure – Equity invested in greenfield projects as of June 30 (4) (4) Invested Capital Invested Capital Invested Capital Data Centers €888mn(1) € 1mn Highways €222mn €136mn Railroads €118mn €93mn Social infrastructure €11 mn € 2mn Energy €22mn €68mn (3) Sustain
Slide 28: Infrastructure - Abertis
H1 2026 | Results Presentation Infrastructure - Abertis Extending the end of FARAC, RCO’s main concession, from 2048 to 2067 (19.5-year extension) ▪ Strategic 799km industrial corridor connecting Mexico City – Guadalajara. Key Mexico–U.S. trade route benefiting from nearshoring-driven growth and U.S
Slide 29: Legal Disclaimer
H1 2026 | Results Presentation H1 2026 | 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 othe
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