Acciona Sa · BME:ANA
Acciona Sa — Investor Day (April 2016)
9 slides from Acciona Sa's investor day presentation, Apr 12, 2016
Slide 1: Juan Muro-Lara, Chief Corporate Development and IR Officer
Juan Muro-Lara Chief Corporate Development and IR Officer 12th April 2016, Madrid -1-
Slide 2: ACCIONA Group today
ACCIONA Group today After the flood … … ACCIONA has emerged as a stronger company with a strengthened balance sheet and improved competitive position in its core businesses Well positioned to benefit from market opportunities Leading player in sectors with strong long-term growth potential: Energy,
Slide 3: ACCIONA Group: Value drivers
ACCIONA Group Value drivers Attractive balance of growth & yield Strong emphasis on sustainable shareholder remuneration Room to further improve financial risk profile Leading to a lower cost of capital Additional value drivers Operational improvement (infra) and value crystallization Hidden value U
Slide 4: 2015 Key highlights
2015 Key highlights A year of stability and back to ordinary course of business, with focus on: − The operational improvement of our businesses − Setting the basis for future growth − Reinforcing the financial de-risking of the company Solid FY 2015 financial results − EBITDA up +8% and Ordinary EBT
Slide 5: 2015 Key highlights
2015 Key highlights Transition year with historically low capex levels whilst securing strong pipeline for 2016 Proposed dividend of €2.5/share, +25%, a new base from which to provide sustainable growth going forward A year of intense strategic activity − Combination of AWP and Nordex to create a gl
Slide 6: Outlook 2016
Outlook 2016 Outlook moderately optimistic Expected improvement in core and non-core businesses − With potential downside risks in energy generation Spain due to low pool prices, partially mitigated by regulatory banding and potentially by higher volumes Significant capex ramp-up Started constructio
Slide 7: Outlook 2016
Outlook 2016 EBITDA to remain relatively flat Like-for-like growth impacted by low pool prices in Spain Changes in 2016 perimeter: Deconsolidation of AWP and full consolidation of water concession ATLL broadly offsetting each other Net capex: ~€600m Investment timing to be managed in the context of
Slide 8: Conclusions
Conclusions ACCIONA is today a stronger and more focused company and is entering a new phase in its development Huge opportunities ahead Combination of greenfield and non- organic deal flow Solid financial profile is key to be able to pay and grow dividend and increase value in ACCIONA’s core activi
Slide 9: Juan Muro-Lara, Chief Corporate Development and IR Officer
Juan Muro-Lara Chief Corporate Development and IR Officer 12th April 2016, Madrid -9-