Acciona Sa · BME:ANA
Acciona Sa — Shareholder Meeting (May 2005)
14 slides from Acciona Sa's shareholder meeting presentation, May 12, 2005
Slide 1: Annual General Meeting
Annual General Meeting 12 May 2005 José Manuel Entrecanales Chairman
Slide 2: 2004 Key Highlights
Annual General Meeting 2004 Key Highlights • Historic operating and financial results • Strategic business lines restructured • Development and sustainability key of our corporate strategy • Consolidation of diversification policy
Slide 3: Historic results: Key financials
Annual General Meeting Historic results Key financials 2004 ∆% Sales 4.046 +5% EBITDA 569 +38% EBIT 354 +34% Net Profit 226 +38%* (*) Excluding 2003 extraordinary profit
Slide 4: Diversified business profile
Annual General Meeting Diversified business profile Sales 97 - 04 2.254 € m 4.046 € m Energy Other 8% 2% Other 7% Services Construction 26% 93% Infrastructure 1997 2004 64% EBITDA 97 - 04 129 € m 569 € m Other 4% Other Energy 30% 22% Construction 70% Services 31% Infrastructure 1997 2004 43%
Slide 5: CAPEX 2003-2005E
Annual General Meeting CAPEX 2.825 1.117 958 750 2003 2004 2005E 2003-2005E* (*) Aggregated 2003-2005E (€ million)
Slide 6: Financial muscle
Annual General Meeting Financial muscle 2004 Sector Average Shareholders’ funds 2.777 1.800 Net debt 616 3.100 Leverage 22% 174% Net Debt / EBITDA 1,1x 4,0x
Slide 7: Dividend policy
Annual General Meeting Dividend policy Dividend per share (€) 26,1% 30 3 25 1,38 1,67 € 2 0,70 1,20 20 % 1 0,33 0,38 0,51 0,60 15 0 10 1997 1998 1999 2000 2001 2002 2003 2004* CAGR 04/97 * Board of Directors’ proposal to the AGM 2004 Interim 0,68€ TOTAL 1,67€
Slide 8: Share price performance
Annual General Meeting Share price performance 80 75 +42% 70 Share Price (€) 65 60 55 +18% 50 45 40 jan-04 mar-04 jun-04 sep-04 nov-04 feb-05 may-05 Acciona IBEX 35
Slide 9: Acciona Infrastructure - Real Estate Key Financials
Annual General Meeting Acciona Infrastructure Key Financials 2003 2004 ∆% Sales - Construction 2.698 2.481 -8,0% - Real Estate 248 320 29,0% EBITDA - Construction 166 178 7,0% - Real Estate 38 69 79,8% PBT - Construction 102 117 14,2% - Real Estate 28 44 55,6%
Slide 10: Acciona Energy Key Financials
Annual General Meeting Acciona Energy Key Financials 2003 2004 ∆% Sales 142 328 131,6% EBITDA 53 127 139,9% PBT 17 43 145,4% Installed capacity (MW) 1.275 1.533 20,2%
Slide 11: Acciona Energy: Group's Wind Production
Annual General Meeting Acciona Energy Group’s Wind Production ACCIONA’s Global Market Share (Consolidated yearly figures, GWh) Installed capacity per year (%) 2.127 6 + 36,2% 1.562 4,4 2003 2004 2003 2004 2004 Accumulated Wind Power Increase on Year 2003 Globally 20% ACCIONA 31%
Slide 12: Acciona Services Key Financials
Annual General Meeting Acciona Services Key Financials 2003 2004 ∆% Sales 817 1.034 26,6% EBITDA 140 175 24,9% PBT 77 87 13,8% Freight (linear metres) 3.000.000 3.340.000 11,3% Flights handled 141.760 153.575 8,3%
Slide 13: Other Key Financials
Annual General Meeting Other Key Financials 2003 2004 ∆% Sales 87 98 12% EBITDA 13 19 47% PBT* 31 46 48% * Includes other businesses and financial income
Slide 14: Annual General Meeting conclusions
Annual General Meeting Annual General Meeting • Outstanding 2004 results, in line with our historic performance • Bright future derived from our current strenghts • Value creation based on sustainability and new social demands