Acs, Actividades De Construccion Y Servicios Sa · BME:ACS
Acs, Actividades De Construccion Y Servicios Sa — FY 2025 Earnings Presentation
24 slides from Acs, Actividades De Construccion Y Servicios Sa's earnings presentation, Feb 26, 2026
Slide 1: FY 2025 Results Presentation
FY 2025 RESULTS PRESENTATION February 26th, 2026
Slide 2: FY 2025 Overview
FY 2025 | Results Presentation FY 2025 Overview Outstanding Ordinary Strong Net Net Cash position of Accelerating growth Ordinary Net Profit NPAT(1) growth of Operating Cash Flow € 7mn due in new orders to growth target in 2026 25.3% (+32.4% FX- ("NOCF”) of € bn outstanding cash flow € n, up % of 20
Slide 3: P&L and operating KPIs
FY 2025 | Results Presentation P&L and operating KPIs Ordinary NPAT grew by 25.3% (32.4% FX-adj.), exceeding the top end of the revised guidance of up to c.25% Euro Million FY 2024 FY 2025 yoy yoy FX-adj. (1) ▪ Continued strong sales growth of 25.3% FX-adj., driven by the strong performance of Sales
Slide 4: Attributable Ordinary NPAT breakdown
FY 2025 | Results Presentation Attributable Ordinary NPAT breakdown Very robust Ordinary NPAT growth, driven by very strong performance of Turner and E&C Euro Million FY 2024 FY 2025 yoy yoy FX-adj.(1) ▪ u ne ’ attributable NPAT grew by 66.6%, driven by the strong momentum Integrated Solutions 539 7
Slide 5: Cash flow performance
FY 2025 | Results Presentation Cash flow performance Strong and steady cash flow generation with €2.2bn NOCF in the year Euro Million FY 2024 FY 2025 yoy ▪ Ou and ng eve f ca gene a n, w OC f € n, supported EBITDA 2,456 3,070 +614 by robust EBITDA uplift of 25% (up to €3,070mn) and cash conversion O
Slide 6: Financial position
FY 2025 | Results Presentation Financial position Solid cash flow generation coupled with strategic capital allocation resulted in net cash position of €17mn as of Dec. 2025 ▪ The Group ended 2025 with a ne ca p n f € 7mn, up €719mn yoy, driven Figures in millions of euros +€719 mn by the ng OC f €
Slide 7: Order backlog and new orders
FY 2025 | Results Presentation Order backlog and new orders Continued growth in backlog visibility and diversification towards growth markets New orders (€bn) O e Dg a % Inf a uc u e % C ca m ne a & na u a e u ce ne gy % Inf a uc u e % Su a na e €92.9bn m % y an p a n % & S c a (1) nf a uc u e % ene
Slide 8: Selection of recent significant new orders
FY 2025 | Results Presentation Selection of recent significant new orders Digital & Advanced Technology Energy Infrastructure Transport & Sustainable Infrastructure o 1 GW Meta Data Center, 4m sq ft state-of-the-art campus o Rolls-Royce SMR program, strategic leadership in o Perth Airport, AUD 5bn J
Slide 9: Performance by Segment
FY 2025 | Results Presentation FY 2025 | Results Presentation Performance by Segment 9
Slide 10: Turner
FY 2025 | Results Presentation Turner Outstanding performance and increasing profitability driven by strategic sectors Euro Million FY 2024 (2) FY 2025 (3) yoy yoy FX-adj. ▪ Very strong sales increase of 40.3% yoy FX-adj., primarily driven by organic Sales 19,264 25,786 33.9% 40.3% growth (up 33.8%
Slide 11: CIMIC
FY 2025 | Results Presentation CIMIC Leveraging digital, energy and critical minerals opportunities , supported by strategic M&A Euro Million FY 2024 (1) FY 2025 (2) yoy yoy FX-adj. ▪ Sales up 11.2% FX-adj., supported by the full consolidation of Thiess since Q2 Sales 10,213 10,637 4.2% 11.2% 2024;
Slide 12: Engineering & Construction
FY 2025 | Results Presentation Engineering & Construction Dragados and HOCHTIEF E&C contributed to solid growth and improved profitability in the segment Euro Million FY 2024 FY 2025 (2) yoy yoy FX-adj. ▪ Sales increased by 15.1% yoy FX-adj., driven by strong performance in both Sales 9,505 10,604 1
Slide 13: Infrastructure
FY 2025 | Results Presentation Infrastructure High-quality brownfield concessions and high-growth greenfield investment platform Euro Million FY 2024 PF (4) FY 2025 yoy Sales 173 250 45.0% ▪ I d um’ a e nc ea ed y 45%, driven by the contribution of the A13, the Abertis - - financial close of the SR-
Slide 14: Infrastructure - Capital investments in greenfield projects
FY 2025 | Results Presentation Infrastructure - Capital investments in greenfield projects Solid, well-diversified portfolio of infrastructure assets worth €3.6bn (4) (4) Valuation Valuation Valuation Invested Capital Invested Capital Invested Capital (as of Dec. 31, 2025) (as of Dec. 31, 2025) (as
Slide 15: Infrastructure - Abertis
FY 2025 | Results Presentation Infrastructure - Abertis Resilient operating performance and strong cash flow generation Robust operating performance Euro Million FY 2024 PF FY 2025 yoy ▪ Revenues +4.5% and EBITDA +6.2% on a comparable basis like-for-like Sales (100%) 6,072 6,149 1.3% underpinned by
Slide 16: Infrastructure - Abertis: Key figures by country
FY 2025 | Results Presentation Infrastructure - Abertis Key figures by country EUROPE OVERSEAS HOLDING TOTAL € n France (1) Spain Italy USA (3) Mexico Chile Brazil Arg. Int. (4) A.Infra.(5) Total Group Km 1,873 631 236 293 937 494 3,193 175 152 - 7,983 Concessions 3 7 1 4 4 4 7 2 2 - 34 (2) Traffic
Slide 17: Strategic update
FY 2025 | Results Presentation FY 2025 | Results Presentation Strategic update 17
Slide 18: Delivery of key milestones across all strategic growth verticals
FY 2025 | Results Presentation Delivery of key milestones across all strategic growth verticals Leading in Data Center space while making strong progress across the next infrastructure waves Value Digital & Tech – DCs Defense (EPCM) Nuclear (EPCM) creation Core Infra levers As DC EPCM ac g f ~€ n, +
Slide 19: Positioned to Capture AI-Driven Data Center Growth
FY 2025 | Results Presentation Positioned to Capture AI-Driven Data Center Growth ACS is benefitting from rising DC infrastructure investment, underpinned by sustained AI-driven demand AI-driven growth and ACS Benefiting from ACS strongly positioned AI as core enabler and investment acceleration ris
Slide 20: We have exceeded growth and cash flow generation targets
FY 2025 | Results Presentation ’ C Dg a f ac eved ne yea ea y We have exceeded growth and cash flow generation targets Revenue Ordinary NPAT Net Operating CF Divestment program € -48bn € – 1.0 bn € – 4.0 bn € – 3.0 bn 2024’s CMD mid-term goals 2026 2026 Cumulative ‘24-’26 Cumulative ‘24-’26 € n € n
Slide 21: Conclusions
FY 2025 | Results Presentation FY 2025 | Results Presentation Conclusions 21
Slide 22: Conclusions
FY 2025 | Results Presentation Conclusions SALES EBITDA ORDINARY NET PROFIT Strong operating performance +19.7% € n € 7mn €49,848mn +25.0% yoy with margin +25.3% yoy expansion across businesses + 32.4% yoy FX-adjusted Outstanding cash generation and NOCF Net cash Financial investments financial posi
Slide 23: Legal Disclaimer
FY 2025 | Results Presentation FY 2025 | 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
Slide 24: ACS
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