Grupo Empresarial San Jose, S.a. · BME:GSJ
Grupo Empresarial San Jose — Shareholder Meeting (March 2021)
35 slides from Grupo Empresarial San Jose's shareholder meeting presentation, March 2021
Slide 1: Annual General Meeting 2021
2021 ANNUAL GENERAL MEETING Resort Hilton Abu Dhabi Yas Island 5* hotel and entertainment areas (UAE)
Slide 2: Agenda
1. ECONOMIC ENVIRONMENT 2. GLOBAL GROUP 3. BUSINESS LINES OF ACTIVITY 4. FINANCIAL INFORMATION 5. CORPORATE SOCIAL RESPONSIBILITY Hospital of Ovalle (Chile) 2021 ANNUAL GENERAL MEETING 2
Slide 3: 1. Economic Environment
1. ECONOMIC ENVIRONMENT 2. GLOBAL GROUP 3. BUSINESS LINES OF ACTIVITY 4. FINANCIAL INFORMATION 5. CORPORATE SOCIAL RESPONSIBILITY Headquarters of the Central Bank of Cape Verde in Praia, Island of Santiago (Cape Verde) 2021 ANNUAL GENERAL MEETING 3
Slide 4: Economic environment: evolution of the markets where the Group operates
largo plazo de la UE que incluyen 1,8 billones de euros destinados a reconstruir la Europa posterior al COVID-19. La fuerte contracción de la producción y la consiguiente caída de los ingresos, junto con un considerable apoyo discrecional, han provocado un aumento de la deuda y los déficits públicos
Slide 5: Evolution of the markets where the Group operates
ECONOMIC ENVIRONMENT Evolution of the markets where the Group operates • The expectations of previous growth have had to be revised downwards. In this way, the International Monetary Fund has predicted a decline in the world economy of 3.5% in 2020, which will be recovered in 2021. • In Spain, the c
Slide 6: Measures adopted by governments
Estimación de junio 2020 Estimación de enero 2021 2020 2021 2020 2021 2022 España -12,8 6,3 -11,1 5,9 4,7 América Latina y el Caribe -9,4 3,7 -7,4 4,1 2,9 ECONOMIC ENVIRONMENT Oriente Medio y Asia Central -4,7 3,3 -3,2 1,5 2,5 Mundial -4,9 5,4 -3,5 5,5 4,2 Fuente: Fondo Monetario Internacional. El i
Slide 7: Construction Market
ECONOMIC ENVIRONMENT Construction Market Fuente: Instituto Nacional de Estadística (Encuesta de Población Activa) y Banc
Slide 8: 2. Global Group
1. ECONOMIC ENVIRONMENT 2. GLOBAL GROUP 3. BUSINESS LINES OF ACTIVITY 4. FINANCIAL INFORMATION 5. CORPORATE SOCIAL RESPONSIBILITY Judicial Centre of La Serena (Chile) 2021 ANNUAL GENERAL MEETING 8
Slide 9: Business Lines - What do we do?
GLOBAL GROUP Business Lines - What do we do? Health Care Culture, Sports and Education Hotels and Offices BUILDING Unique buildings CIVIL WORKS Residential Developments Refurbishment ENGINEERING & INDUSTRIAL Infrastructure Mobility and Urban Integration Water Cycle Insdustrial Projects Developer and
Slide 10: Countries with ongoing projects
GLOBAL GROUP Countries with ongoing projects STRETCH ÉVORA NORTE - FREIXO OF THE GREAT LUXURY 5* MANDARIN ORIENTAL RITZ SOURTHERN INTERNATIONAL CORRIDOR MADRID HOTEL. (SPAIN) (PORTUGAL). WHITE SHELL 4 * HOTEL IN PORCHES - LAGOA, STRETCH VILABOA - A ERMIDA OF THE FUTURE ALGARVE (PORTUGAL) HIGHWAY A-5
Slide 11: Countries with ongoing projects
GLOBAL GROUP Countries with ongoing projects RESORT HILTON ABU DHABI YAS ISLAND 5* HOTEL AND INTERTAINMENT AREAS (UAE) STRETCH 4 EARTHWORKS AND SOIL STABI- LISATION NEW AIRPORT NAVI MUMBAI. AL AIN HOSPITAL, ABU DHABI (UAE) 2021 ANNUAL GENERAL MEETING 11
Slide 12: Countries with ongoing projects
GLOBAL GROUP Countries with ongoing projects CARLOS CASADO REFURBISHMENT OF THE GENERAL HOSPITAL ZONE # 5 IN ZAPATEC, STATE OF MORELOS (MEXICO) NUEVAVISTA CONDOMINIUM AT THE GENERAL BELGRANO WATER TREATMENT DISTRICT OF BELLAVISTA IN CALLAO - 1,104 PLANT, BUENOS AIRES (ARGENTINA) HOUSING UNITS, LIMA
Slide 13: Countries with ongoing projects
GLOBAL GROUP Countries with ongoing projects HEADQUARTERS OF THE CENTRAL BANK OF CAPE VERDE 5* HOTEL RIU PALACE SANTA MARÍA IN SALT ISLAND (CAPE VERDE) 2021 ANNUAL GENERAL MEETING 13
Slide 14: Turnover by country
GLOBAL GROUP Turnover by country Net Revenue Data in thousands of Euros 2019 2020 Variación Spain 521,532 603,105 15.6% Portugal 98,936 131,120 32.5% Abu Dhabi 150,917 103,537 (31.4%) Spin 62.7% Portugal 13.6% Chile 59,718 82,868 38.8% Asia 10.9% África 1.7% Cape Verde 56,357 16,352 (71.0%) América
Slide 15: 3. Business Lines of Activity
1. ECONOMIC ENVIRONMENT 2. GLOBAL GROUP 3. BUSINESS LINES OF ACTIVITY 4. FINANCIAL INFORMATION 5. CORPORATE SOCIAL RESPONSIBILITY Stretch Highway Reguerón Ring Road MU-30 of Murcia (Spain) 2021 ANNUAL GENERAL MEETING 15
Slide 16: Contribution by business line of activity
BUSINESS LINES OF ACTIVITY Contribution by business line of activity 94,401 22,325 52,458 TURNOVER EBITDA 867,580 Construction Construction Other business Other business • Despite the Health Crisis, the Group’s activity has remained stable, growing slightly in 2020 (0.4% compared to 2019). • Constru
Slide 17: Real Estate
BUSINESS LINES OF ACTIVITY Real Estate 12,778 14.0% 8,568 Net Revenue 5.5% % EBITDA over net revenue 2019 2020 • Activity corresponding to the “Nuevavista Condominium” located in Lima (Peru) for a total of 1,104 housing units, arranged into 10 phases. • During 2020, works related to phases V and VI
Slide 18: Energy
BUSINESS LINES OF ACTIVITY Energy 10,804 33.7% 9,494 Net Revenue 32.8% % EBITDA over net revenue 2019 2020 • Both income the profitability of this business line have grown during 2020. • In this way, revenue in 2020 reached € 10.8 million (13.8% increase) and EBITDA / income profitability has increa
Slide 19: Concessions and Services
BUSINESS LINES OF ACTIVITY Concessions and Services 72,532 50,671 13.9% Net Revenue 4.9% % EBITDA over net revenue 2019 2020 • This business line has experienced significant growth during 2020, both in revenue and profitability. • In this way, revenue has grown by 43% to € 72.5 million and EBITDA /
Slide 20: Construction - Annual evolution
BUSINESS LINES OF ACTIVITY Construction - Annual evolution 876,479 6.0% 4.5% 867,580 Net Revenue % EBITDA over net revenue 2019 2020 • Despite the economic impact of the Health Crisis, construction revenues have remained stable. • On the other hand, the EBITDA / income profitability has grown 1.5 pe
Slide 21: Construction - Income by type of work
BUSINESS LINES OF ACTIVITY Construction - Income by type of work 7% 12% 3% 285 2% 50% Industrial 21,981 Residential 69,418 221,569 Building Non Re- 249,940 2019 2020 sidential 242,777 Building 10,572 Civil Works 34% 51,038 36% 56% Non residential Internacional Residential Building Domestic Civil Wor
Slide 22: Construction - Portfolio break down
BUSINESS LINES OF ACTIVITY Construction - Portfolio break down 56; 4% 347; 28% 182; 15% Civil Works Non-residential building Residential building Industrial 649; 53% • The construction back log stood at € 1,234 million at 31- 12- 20. • Of the total, projects associated with non-residential building
Slide 23: 4. Financial Information
1. ECONOMIC ENVIRONMENT 2. GLOBAL GROUP 3. BUSINESS LINES OF ACTIVITY 4. FINANCIAL INFORMATION 5. CORPORATE SOCIAL RESPONSIBILITY “Marthinal Residences “and “Martinhal Expo Offices”, Lisbon (Portugal) 2021 ANNUAL GENERAL MEETING 23
Slide 24: Consolidated Management Income Statements
FINANCIAL INFORMATION Consolidated Management Income Statements 2019 2020 Data in millions of Euros M€ % M€ % Changes Net Revenue 958.2 100.0% 962.0 100.0% 0.4% Other Operating Income 15.4 1.6% 20.9 2.2% 35.7% Operating Gross Expense (921.4) (96.2%) (908.1) (94.4%) (1.4%) EBITDA 52.2 5.4% 74.8 7.8%
Slide 25: Consolidated Balance Sheet
FINANCIAL INFORMATION Consolidated Balance Sheet 2019 2020 Data in millions of Euros M€ % M€ % Changes ASSETS Intangible Assets 17.6 1.8% 16.1 1.6% (8.5%) Property, Plant and Equipment 76.9 7.7% 71.4 7.2% (7.2%) Investment Property 9.5 0.9% 11.9 1.2% 25.3% Other Non-Current Assets (Associates, Defer
Slide 26: Structure of the balance sheet
FINANCIAL INFORMATION Structure of the balance sheet 2019 2020 M€ M€ Resources Generated by Operations 49.3 75.4 Changes in Working Capital (0.5) 14.3 Other (31.4) (15.2) Non-Current Net equity 17% Net Cash Flow from Operations 17.4 74.5 17.4 74.5 Assets 19% Divestments / (Investments) 159.5 (25.3)
Slide 27: Cash position
FINANCIAL INFORMATION Cash position 2019 2020 194.2 Data in million of Euros M€ % M€ % Changes 125.7 Other Current Financial Assets 81.6 25.9% 75.1 20.8% (8.0%) Cash and Cash Equivalents 233.1 74.1% 285.3 79.2% 22.4% 23.4 TOTAL ASSET POSITIONS 314.7 100.0% 360.4 100.0% 14.5% Non Current Bank Borrowi
Slide 28: Backlog of the Group
FINANCIAL INFORMATION Backlog of the Group 2020 BACKLOG BY TYPE OF PROJECT M€ % 583; 32% CONSTRUCTION 1,313; 72% 508; 28% Civil Works 182 10.0% Non-Residential Building 649 35.6% Residential Building 347 19.1% GEOGRAPHICAL Industrial 56 3.1% CLIENT ENVIRONMEN Total Construction 1,234 67.8% CONCESSIO
Slide 29: Summary
FINANCIAL INFORMATION Summary Revenue (M€) Revenue distribution (M€) EBITDA (M€) 958.2 962.0 867.6 758.4 74.8 682.8 358.9 8.6 613.4 436.7 10.8 52.2 536.1 51.7 385.5 46.3 43.8 45.9 385.4 94.4 361.3 313.1 603.1 72.5 521.5 372.9 297.4 223.0 252.1 2.5 2015 2016 2017 2018 2019 2020 Construction Real esta
Slide 30: GSJ's Share
FINANCIAL INFORMATION GSJ’s Share 2021 until 2015 2016 2017 2018 2019 2020 17/03/21 Capitalisation (Thousands of Euros) 59,824 210,034 230,843 299,120 390,156 291,642 429,822 No of shares (x 1,000) 65,026 65,026 65,026 65,026 65,026 65,026 65,026 Price end of the period (Euros) 0.92 3.23 3.55 4.60 6
Slide 31: 5. Corporate Social Responsibility
1. ECONOMIC ENVIRONMENT 2. GLOBAL GROUP 3. BUSINESS LINES OF ACTIVITY 4. FINANCIAL INFORMATION 5. CORPORATE SOCIAL RESPONSIBILITY Floating solar pumping on raft and two underground pumps for self-consumption in the Irrigation Community of Lliria, Valencia (Spain) 2021 ANNUAL GENERAL MEETING 31
Slide 32: Strengths and attractions
CORPORATE SOCIAL RESPONSIBILITY Strengths and attractions Diversified group, focused Bet on digital transformation on traditional business and innovation (R&D+i) lines, where it has extensive experience Flexible, efficient and Reduction of debt levels coordinated organisa- and strengthening of tiona
Slide 33: Corporate Social Responsibility: Team SANJOSE
CORPORATE SOCIAL RESPONSIBILITY COMMITMENT TO QUALITY AND INFORMATION INNOVATION TRANSPARENCY (R&D+I) PREVENTION OF OCCUPATIONAL SUSTAINABLE DE- RISKS AND VELOPMENT AND COMPREHENSIVE ENVIRONMENT RISK MANAGEMENT MAXIMUM RESPECT FOR SUPPORT AND DIVERSITY AND RESPECT FOR EQUAL OPPOR- PEOPLE AND TUNITIE
Slide 34: Annual General Meeting
2021 ANNUAL GENERAL MEETING Resort Hilton Abu Dhabi Yas Island 5* hotel and entertainment areas (UAE)
Slide 35: Legal Disclaimer
LEGAL DISCLAIMER This document contains forward-looking statements regarding the intentions, forecasts or expectations of Grupo SANJOSE or its management at the date of its execution, relating to the activity and situation of the Group. These forward-looking statements or forecasts do not constitute
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