Global Dominion Access Sa · BME:DOM
Global Dominion Access Sa — FY2023 Earnings Presentation
25 slides from Global Dominion Access Sa's earnings presentation, Feb 28, 2024
Slide 1: 2023 Year-End Report
2023 Year-End Report February 28th 2024 1
Slide 2: Disclaimer
DISCLAIMER • This document has been prepared by Global Dominion Access. S.A. ("Dominion"). and is for information purposes only. No reliance may or should be placed for any purposes whatsoever on the information contained in this document or on its completeness. accuracy or fairness. This document a
Slide 3: Index
Index_ 1. 2023 Highlights 2. 2023 In numbers 3. Shareholder remuneration 4. 2024 Perspective 3
Slide 4: First year of fulfilment of the strategic plan
2023 HIGHLIGHTS First year of fulfilment of the strategic plan_ • Sales increased by +5% organically compared to 2022, in line with the strategic target. • EBITDA increased by +18%, thanks to the focus on more profitable activities and operational SALES EBITDA(3) improvements. 1,193M€ Growth • Net p
Slide 5: With a positive evolution in all the business segments
2023 HIGHLIGHTS With a positive evolution in all the business segments_ Sustainable Services • Services reinforce its defensive nature, with a very strong fourth Sustainable quarter in terms of sales. 360º Projects Services • Contribution margin increases due to a greater focus on more profitable ac
Slide 6: Index
Index_ 1. 2023 Highlights 2. 2023 In numbers 3. Shareholder remuneration 4. 2024 Perspective 6
Slide 7: Highlights of 2023 results
2023 IN NUMBERS Highlights of 2023 results_ Sales Margins Income Organic growth of sales +5% in We maintain high growth: Net attributable income grows constant currency vs FY 2022. +18% EBITDA, over FY2022. substantially (+43%). The inorganic growth substracts Improvement of EBITDA on sales Despite
Slide 8: FY23 numbers and comparative evolution
2023 IN NUMBERS FY23 numbers and comparative evolution_ (Millions of €) FY 2022 % FY 2023 Consolidated Turnover (1) 1,227.5 1,192.6 • Organic growth in sales of +5%, in line with Comparable Turnover (1) 1,168.4 2% 1,192.6 the target of the strategic plan. Contribution Margin (2) 148.3 171.5 EBITDA (
Slide 9: Adjusted Turnover Evolution
2023 IN NUMBERS Adjusted Turnover(1) Evolution_ Growth of sales in line with the strategic plan 2023-2026 BREAKDOWN OF REVENUES BY GEOGRAPHIC REGION, MILLIONS OF€ TU RNOVER EVOLUTION BREAKDOWN, MILLIONS OF € * Between parenthesis 2022 data +2% +5% -2% -1% AMERICA EUROPE & ASIA & AFRICA OCEANIA 36% 5
Slide 10: Margin evolution
2023 IN NUMBERS Margin evolution_ Strong growth in EBITDA and Net Profit, despite restructurings and the increase of the balance expenses of the year. 201 8-2023 EVOLUTION (MILLONS OF €) CONTRIBUTION MARGIN(2) EBITDA (3) A TTRIBUTABLE INCOME (4) +16% +18% +43% 190 172 160 145 180 150 170 148 140 123
Slide 11: Breakdown by business segments
2023 IN NUMBERS Breakdown by business segments_ The different segments contribute in a positive and balanced way to the global result. (Millions of €) FY 2022 % FY 2023 Comparable Turnover (1) 1,168.4 1,192.6 Sustainable Services 817.8 +1% 824.1 360º Projects 350.6 +0.2% 351.2 Stakes in Infrastructu
Slide 12: Sustainable Services detail
2023 IN NUMBERS Sustainable Services detail_ Sustainable Services 11.4% FY 2022 FY 2023 CM/sales • We maintain an organic growth in sales of 5.5%. Turnover_ 817.8€ +1% 824.1M€ • The inorganic effect of the year is concentrated in this business segment; with investments in ZH Engineers and Gesthidro
Slide 13: 360º Projects detail
2023 IN NUMBERS 360º Projects detail_ 19.4% 360º Projects CM/Sales FY 2022 FY 2023 +0.2% • The execution of Projects has performed well throughout the year, Turnover_ 350.6€ 351.2M€ according to the expected rhythms. • Margins continue at very high l evels, above targets, thanks to the 360º vision t
Slide 14: Stakes in Infrastructures detail
2023 IN NUMBERS Stakes in Infrastructures detail_ Status Project Location Technology MWp Ownership (Millions of €) FY 2023 Santa Rosa Argentina Biomass 18 100% (Global C.) Santa Rosa Ecuador Photovoltaic 4 100% (Global C.) Turnover (1) 17.3 In generation Valdorros Spain Photovoltaic 4 100% (Global C
Slide 15: Balance Sheet
2023 IN NUMBERS Balance Sheet_ (Millions of €) 2022 Variation 2023 Fixed Assets 501.2 14.9 516.1 Infraestructure Assets 251.0 (112.6) 138.4 IFRS16 33.7 4.6 38.3 Net Working Capital (218.1) 13.1 (205.0) Total Net Assets 567.8 (80.0) 487.8 Net Equity 308.3 7.7 316.0 Net Financial Debt Ex-Infras (47.2)
Slide 16: Cash Flow Conversion and Capital Allocation
2023 IN NUMBERS Cash Flow Conversion (6) and Capital Allocation _ (Millions of €) 2023 EBITDA (3) 144.9 NET CASH EVOLUTION BREAKDOWN Payments for operating leases (IFRS16) (23.3) MILLIONS OF € Maintainance organic CAPEX (21.4) WC organic variation 15.1 Net Financial Result (28.6) Taxes (10.3) Otros
Slide 17: Net Debt and Gross Debt structure
2023 IN NUMBERS Net Debt and Gross Debt structure_ Net Debt Composition 120 75 NET FINANTIAL DEBT 75 M EUR -45 NFD ex-infras NFD Infras NFD TOTAL Gross debt composition Fixed and variable rates Gross debt, cash and Net debt 34% 33% 124 291 66% 67% 366 75 242 Ex-Infras Infrastructures Fixed Variable
Slide 18: Financial Discipline Fulfilment
2023 IN NUMBERS Financial Discipline Fulfilment _ GENERATION OF OPERATING FCF(6) RETURN ON NET ASSETS (RONA) (7) 70.9 M€ 21% > 70 M€ target > 20% target 71 25% 24% 60 21% 21% 21% 52 47 16% 41 37 2018 2019 2020 2021 2022 2023 2018 2019 2020 2021 2022 2023 We continue with a strong conversion into ope
Slide 19: Quarterly P&L
2023 IN NUMBERS Quarterly P&L _ (Millions of €) 4Q 2022 % 4Q 2023 Consolidated Turnover (1) 360.7 341.7 Organic growth +2% Comparable Turnover (1) 380.3 -10% 341.7 Inorganic growth -11% Forex Effect -1% Contribution Margin (2) 40.8 50.5 EBITDA (3) 34.8 11.9% 44.5 • Margins contain extraordinary posi
Slide 20: Index
Index_ 1. 2023 Highlights 2. 2023 In numbers 3. Shareholder remuneration 4. 2024 Perspective 20
Slide 21: Shareholder remuneration
SHAREHOLDER REMUNERATION Shareholder remuneration_ ⁓21 M€ invested in 2023 in shareholder remuneration We have completed the “4º Share buyback program” and cancelled the acquired shares. We have distributed as dividend 1/3 of the Ordinary Profit for the year 2022. Total shares: 1.5 million (1%) Aver
Slide 22: Index
Index_ 1. 2023 Highlights 2. 2023 In numbers 3. Shareholder remuneration 4. 2024 Perspective 22
Slide 23: 2024 Perspective: Fulfilment of the 23-26 Strategic Plan
2024 PERSPECTIVE 2024 Perspective: Fulfilment of the 23-26 Strategic _ 2024-26 GUIDANCE (*3 periods on 2023 numbers) Operating Sales EBITDA cash generation >+5% >+7% >+9% CAGR* CAGR* CAGR* organically RONA | Towards zero net debt at the end of the plan, including renewable generation infrastructures
Slide 24: Appendix
Appendix_ (1) Consolidated Turnover: Annual accounts Turnover. / Comparable Turnover: 2022 Turnover has been adjusted to make it comparable with the current year. It reflects the agreement with Repsol of shared customer management, that eliminates energy sales. (2) Contribution Margin: EBITDA before
Slide 25: We are DOMINION.
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Global Dominion Access — FY2023 Earnings Presentation on 6ix