Grupo Empresarial San Jose, S.a. · BME:GSJ
Grupo Empresarial San Jose — Grupo SANJOSE — Shareholder Meeting (June 2018)
34 slides from Grupo Empresarial San Jose's shareholder meeting presentation, June 2018
Slide 1: AGM 18 Annual General Meeting
AGM 18 Annual General Meeting
Slide 2: Agenda
01 Economic Environment 02 Global Group 03 Year 2017 in GSJ 04 Business Lines 05 Economic & Financial Information 06 Corporate Social Responsibility Carlos Cisternas Hospital, Calama (Chile) 2 AGM 18
Slide 3: Economic Environment
01 ECONOMIC ENVIRONMENT 02 Global Group 03 Year 2017 in GSJ 04 Business Lines 05 Economic & Financial Information 06 Corporate Social Responsibility Alisios Shopping Centre in Tamaraceite, Las Palmas de Gran Canaria 3 AGM 18
Slide 4: Macroeconomic Data
ECONOMIC ENVIRONMENT Macroeconomic Data World economy grew 3.8% in 2017, the greastest growth rate since 2011. Year 2017 has been characterised by: Economic protectionism, mainly led by the USA. Progressive recovery of prices of raw materials. Expansive fiscal policies. Greater volatility in financi
Slide 5: Macroeconomic Data: GDP growth by country
ECONOMIC ENVIRONMENT Macroeconomic Data According to the latest WEO economic report published by the IMF, the GDP growth (%) of 2017, together with the estimate for 2018 and 2019, in those countries where Grupo SANJOSE currently maintains a continuous activity, is as follows: Countries 2017 2018E 20
Slide 6: Macroeconomic Data - Spain
ECONOMIC ENVIRONMENT Macroeconomic Data - Spain Macroeconomic forecasts for spanish economy (%) annual 2017 2018 E 2019 E According to estimations carried Real GDP 3.1 2.9 2.4 out by AFI, GDP will grow 2.9% in Final Consumption 2.2 2.3 2.0 2018 and 2.4% in 2019, slightly more Household 2.4 2.5 2.0 P
Slide 7: Global Group
01 Economic Environment 02 GLOBAL GROUP 03 Year 2017 in GSJ 04 Business Lines 05 Economic & Financial Information 06 Corporate Social Responsibility Headquarters of Norvento, Lugo 7 AGM 18
Slide 8: Countries with ongoing projects: Europe & Africa
GLOBAL GROUP Countries with ongoing projects SPAIN EUROPE & AFRICA PORTUGAL CAPE MALTA VERDE 8 AGM 18
Slide 9: Countries with ongoing projects: Asia
GLOBAL GROUP Countries with ongoing projects ASIA INDIA UNITED ARAB EMIRATES 9 AGM 18
Slide 10: Countries with ongoing projects: America
GLOBAL GROUP Countries with ongoing projects PARAGUAY AMERICA PERU MEXICO CHILE ARGENTINA 10 AGM 18
Slide 11: Business Lines
GLOBAL GROUP Business Lines Hospitals Architecture Building Buildings & Civil Engineering / Energy Installations Infrastructure Civil Works Efficiency Real Estate Energy Plants Engineering & Renewable Management Industrial Energy Conservation of R&D&I Technology Construction parks & gardens Sustaina
Slide 12: Attractions & Strengths
GLOBAL GROUP Atractions & Strengths Business model Listed Group, with based on the solid and stable creation of long- shareholders term value Adequate cost structure and Diversified reasonable activity profit margins Strict risk Stability and management financial and control soundness procedures Top
Slide 13: Business Development
GLOBAL GROUP Business Development REVENUE (M€)* BACKLOG 400 385.4 361.3 56% 350 313.1 44% 297.5 300 263.1 252.1 Domestic Domestic 250 223.0 International International 202.0 200 0 2017 11% 2014 2015 2016 2017 TOTAL 465.1 536.1 613.4 682.9 The internationalisation strategy carried out in recent years
Slide 14: Year 2017 in GSJ
01 Economic Environment 02 Global Group 03 YEAR 2017 IN GSJ 04 Business Lines 05 Economic & Financial Information 06 Corporate Social Responsibility Mamsha Al Saadiyat Residential Complex, Abu Dhabi (United Arab Emirates) 14 AGM 18
Slide 15: Year 2017 in GSJ: Main consolidated figures
YEAR 2017 IN GSJ Main consolidated figures: SALES NFP EBITDA (Earnings Before Interest, (Net Financial Position) Taxes, Depreciation & Amortization) 682.9 M€ 66.7 M€ 46.3 M€ ( =11.3%) ( =31.3%) ( =0,7%) PBT (Profit Before Taxes) DOMESTIC BACKLOG 22.4 M€ BACKLOG 1,630 M€ ( =13.6%) 909 M€ 15 AGM 18
Slide 16: Business Lines
01 Economic Environment 02 Global Group 03 Year 2017 in GSJ 04 BUSINESS LINES 05 Economic & Financial Information 06 Corporate Social Responsibility La Florida Dra. Eloísa Díaz Insunza Metropolitan Clinical Hospital, Santiago de Chile 16 AGM 18
Slide 17: Contribution by business line of activity
BUSINESS LINES Contribution by business line of activity REVENUE* 2016 2017 Revenue contribution by business line 87% 88% of activity remains relatively stable with respect to last year. 6% 7% 2% 2% 2% 2% 3% 1% Construction: it remains the main activi- ty of the Group, and contributes 88% of Other E
Slide 18: Energy
BUSINESS LINES Energy Revenue Parc de l’Alba Science and Tecnology Park of Cerdanyola del Vallés, Barcelona EBITDA 11.2 10.2 3.6 2.9 2016 2017 Amounts in M€ Recurrent and stable line of activity, maintaining both revenue and EBITDA levels with respect to the previous year. The EBITDA margin stands a
Slide 19: Real Estate
BUSINESS LINES Real Estate Revenue EBITDA Condominium Nuevavista, Lima (Peru) 15.7 6.8 6.5 1.8 2016 2017 Amounts in M€ Decrease in income due to lower delivery of housing units in 2017 in Peru, a country that generates almost all revenue for this line of activity. Progressive recovery of revenue and
Slide 20: Concessions and Services
BUSINESS LINES Concessions and Services Revenue Santiago Bernabeu Stadium Maintenance of the Property of Real Madrid EBITDA 47.7 39.5 1.3 1.6 2016 2017 Amounts in M€ Stable and recurrent business line, both in sales and EBITDA. The EBITDA margin stands at 3.4% . Profit before tax in 2017 for this li
Slide 21: Construction
BUSINESS LINES Construction Revenue 5* Great Luxury Hotel Ritz, Madrid EBITDA 601.0 537.4 33.3 32.7 2016 2017 Amounts in M€ 7% 2% Civil Industrial Works There has been an increase in revenue, both at in- REVENUE ternational and domestic markets (7.6% and 18.5% BY TYPE OF respectively). WORK Non-resi
Slide 22: Economic & Financial Information
01 Economic Environment 02 Global Group 03 Year 2017 in GSJ 04 Business Lines 05 ECONOMIC & FINANCIAL INFORMATION 06 Corporate Social Responsibility Stretch Raebarely - National Highway NH-232, State of Uttar Pradesh (India) 22 AGM 18
Slide 23: Consolidated Income Statement
ECONOMIC & FINANCIAL INFORMATION Consolidated Income Statement 12.3 M€ Consolidated profit 22.4 M € ( = 52.0%) Profit Before Tax ( = 13.6%) 6.8% EBITDA margin on sales EBITDA 46.3 M€ ( = 0.7%) 23 AGM 18
Slide 24: Consolidated Management Income Statement
ECONOMIC & FINANCIAL INFORMATION Consolidated Management Income Statement 2016 2017 M€ % M€ % VARIATION Net Revenue 613.4 100.0% 682.9 100.0% 11.3% Other operating income 9.8 1.6% 9.4 1.4% -3.5% Gross operating expense -577.2 -94.1% -646.0 -94.6% 11.9% EBITDA 45.9 7.5% 46.3 6.8% 0.8% Amortisation ch
Slide 25: Balanced balance structure
ECONOMIC & FINANCIAL INFORMATION Balanced balance structure Balance 2017 Net Equity 8% Non-Current Assets Non-Current 30% Liabilities Working capital 38% Current Assets Current 70% Liabilities 54% Assets Liabilities Positive working capital amounting to € 155.3M 25 AGM 18
Slide 26: Consolidated Balance Sheet
ECONOMIC & FINANCIAL INFORMATION Consolidated Balance Sheet 2016 2017 ASSETS M€ % M€ % VARIATION Intangible assets 20.6 2.0% 19.6 2.0% -4.7% Property, plant and equipment 45.9 4.5% 45.3 4.7% -1.2% Real estate investments 4.7 0.5% 3.3 0.3% -30.0% Others non-current assets 246.9 24.1% 219.0 22.7% -11.
Slide 27: Net Financial Position
ECONOMIC & FINANCIAL INFORMATION Net Financial Position TOTAL NFP 2016 2017 M€ % M€ % VARIATION Cash and cash equivalents 353.7 100.0% 311.3 100.0% -12.0% 167.2 Total Asset Positions 353.7 100.0% 311.3 100.0% -12.0% 97.1 Non-current financial debt 383.6 85.1% 311.6 82.4% -18.8% Long-term financial d
Slide 28: Consolidated management cash flow statements
ECONOMIC & FINANCIAL INFORMATION Consolidated management cash flow statements Data in thousands of Euros 2016 2017 Cash flow from operating activities 47,678 49,874 Working capital 39,041 -18,156 Others -10,896 -8,206 Net operating cash flow 75,823 23,512 Divestments / (Investments) -10,219 -1,867 C
Slide 29: Backlog of the Group
ECONOMIC & FINANCIAL INFORMATION Backlog of the Group 2017 BACKLOG BY SEGMENT M€ % Construction 916 56% Civil Work 176 11% Non-Residential Building 537 33% 60% Residential Building 195 12% 56% 56% Industrial 8 0% Concessions and Services 218 13% 30% 31% 27% Maintenance 18 1% 14% 13% 13% Concessions
Slide 30: GSJ's Share
ECONOMIC & FINANCIAL INFORMATION GSJ ´s Share 2018 2016 2017 at 15/06 Capitalisation (thousands of Euros) 210,034 230,843 263,356 Number of shares (x 1,000) 65,026 65,026 65,026 Price at the end of the period (Euros) 3.23 3.55 4.05 Maximun price of the period (Euros) 4.95 4.70 4.37 Minimun price of
Slide 31: Corporate Social Responsibility
01 Economic Environment 02 Global Group 03 Year 2017 in GSJ 04 Business Lines 05 Economic & Financial Information 06 CORPORATE SOCIAL RESPONSIBILITY Al Ain Hospital, Abu Dhabi (United Arab Emirates) 31 AGM 18
Slide 32: Corporate Social Responsibility
CORPORATE SOCIAL RESPONSIBILITY TRANSPARENCY All this would not be possible QUALITY & CUSTOMER without our human team, the INNOVATION SERVICE men and women integrating Grupo SANJOSE, our best asset. MAXIMUM ATTENTION TO SUSTAINABILITY PEOPLE TEAM SANJOSE 2,878 EQUALITY PREVENTION OF OF OCCUPATIONAL
Slide 33: AGM Annual General Meeting
AGM 18 Annual General Meeting
Slide 34: Legal Disclaimer
LEGAL DISCLAIMER Legal disclaimerThis document contains forward-looking statements regarding the intentions, forecasts or ex- pectations of Grupo SANJOSE or its management at the date of its execution, relating to the activity and si- tuation of the Group. These forward-looking statements or forecas