Fomento De Construcciones Y Contratas, S.a. · BME:FCC
Fomento De Construcciones Y Contratas — FY2005 Earnings Presentation
20 slides from Fomento De Construcciones Y Contratas's earnings presentation, Feb 23, 2006
Slide 1: 2005 Results
2005 Results February 23, 2006
Slide 2: Mr. Rafael Montes, CEO
Mr. Rafael Montes CEO H Sursy
Slide 3: Commitments have been fulfilled
Commitments have been fulfilled Strategic Plan Execution Transparency 2005 Results. & Communication Improving Estimates CREDIBILITY 3
Slide 4: Strategic Plan Execution
Strategic Plan Execution Investment Plan (invested capital) Invested 34% A Plan full on track Pending 66% Invested Capital (EV) GLS; 128 Portland ; €1,012 million euro Lemona; 333 157 invested in 6 acquisitions Marepa; 50 ASA; 279 Entemanser; 65 Invested Capital (EV) Focused on Services and Cement S
Slide 5: Acquisitions
Acquisitions Enterprise Date Company Country Area Activity Value April 2005 Grupo Logístico Santos Spain 128 Versia Logistics Cementos Portland Sept. 2005 Spain 157 Cement Cement (part. 8.06% ) Oct. 2005 Marepa Spain 50 Environmental Services Waste Oct. 2005 Entemanser Spain 65 Environmental Service
Slide 6: Improving Transparency and Communication
Improving Transparency and Communication Communication Transparency Visibility With Markets Operating Data Estimates Strategy With Media Financial Data Presentations 6
Slide 7: 2005 Results: Improving estimates
2005 Results: Improving estimates NET REVENUES EBITDA Estimated Published Estimated Published Group 4% - 6% 11.7% 8% - 10% 17.4% Construction 2% - 3% 7.2% 2% - 3% 7.6% Services 5% - 6% 13.7% 13% - 14% 20.3% Versia 25% - 30% 38.9% 13% - 15% 21.5% Cement 2% - 3% 10.3% 6% - 8% 16.5% Results have clearl
Slide 8: Mr. José Trueba, CFO
2005 Results Mr. José Trueba CFO
Slide 9: Key figures
Key figures 2005 2004 % ch. Revenues 7,090 6,349 12% Net Profit 421 363 16% EPS 3.2 2.8 16% Cash Flow 981 794 24% Net Debt -403 -270 49% Leverage Ratio 13.7% 9.9% Investments 943 625 51% Backlog 20,497 16,405 25% Excellent operating and financial figures 9
Slide 10: Consolidated Income Statement
Consolidated Income Statement 2005 2004 % ch. Net Sales 7,089.8 6,348.8 11.7% EBITDA 988.9 842.1 17.4% Margin 13.9% 13.3% Depreciation and amort -332.8 -276.9 20.2% EBIT 656.2 565.1 16.1% Margin 9.3% 8.9% Interest, etc. -28.3 -29 -2.4% Other operating income -9.7 -17.3 -43.9% Equity-accounted affili
Slide 11: Results by areas
Results by areas Net Revenues 2005 2004 % ch. 2005 Net Revenues Versia 10% Construction 3,346.7 3,123.0 7.2% Environmental Services 2,078.0 1,827.5 13.7% Versia 721.5 519.4 38.9% Environ. Construction Services 47% 29% Cement 978.4 886.8 10.3% Torre Picasso 18.0 17.1 5.3% Other -52.8 -25.0 111.2% Cem
Slide 12: Cash flow and net debt
Cash flow and net debt 2005 2004 % ch. Operating Cash Flow 981.1 793.9 23.6% Investment Cash Flow -840.1 -445.5 88.6% Financing Cash Flow -224.6 -150.2 49.5% Other Cash Flow -49.3 -4.2 1,073.8% Net Debt Variation -132.9 194.0 -168.5% Net Debt 403.0 270.1 49.2% Net Debt and leverage ratio Operating a
Slide 13: Cash flow by areas
Cash flow by areas Operating Cash Flow 2005 2004 % ch. 2005 Operating Cash Flow Other 2% Cement Construction 426.7 187.9 127.1% 21% Services 274 242.8 12.9% Construction 43% Versia 59.7 90.9 -34.3% Versia 6% Cement 203.0 206.8 -1.8% Other 17.7 65.5 -73.0% Environ. Services 28% Total 981.1 793.9 23.6
Slide 14: Results by areas
Results by areas 14
Slide 15: Environmental Services
Environmental Services 2005 2004 % ch. 2005 Revenues International Revenues 2,078.0 1,827.5 13.7% 9,6% EBITDA 342.8 285.0 20.3% EBITDA Margin 16.5% 15.6% EBIT 201.4 161.9 24.4% EBIT Margin 9.7% 8.9% National 90,4% Operating Cash Flow 274.0 242.8 12.9% Revenues (% and variation) Investment Cash Flow
Slide 16: Versia
Versia 2005 2004 % ch. 2005 Revenues Revenues 721.5 519.4 38.9% International 23,2% EBITDA 110.7 91.1 21.5% EBITDA Margin 15.3% 17.5% EBIT 56.3 51.5 9.3% EBIT Margin 7.8% 9.9% National 76,8% Operating Cash Flow 59.7 90.9 -34.3% Investment Cash Flow -172.2 -84.8 103.1% Revenues (% and variation) 6,4%
Slide 17: Construction
Construction 2005 2004 % ch. 2005 Revenues International 3,8% Revenues 3,346.7 3,123.0 7.2% EBITDA 191.4 177.8 7.6% EBITDA Margin 5.7% 5.7% EBIT 156.2 143.7 8.7% EBIT Margin 4.7% 4.6% National Operating Cash Flow 426.7 187.9 127.1% 96,2% Revenues and construction type backlog Investment Cash Flow -1
Slide 18: Cement
Cement 2005 2004 % ch. 2005 Revenues International Revenues 978.4 886.8 10.3% 21,3% EBITDA 312.3 268.0 16.5% EBITDA Margin 31.9% 30.2% EBIT 215.1 189.5 13.5% National EBIT Margin 22.0% 21.4% 78,7% Operating Cash Flow 203.0 206.8 -1.8% Quarter variation of Revenues Investment Cash Flow -95.2 -138.7 -
Slide 19: Real Estate
Real Estate Torre Picasso 2005 2004 % ch. Revenues 18.0 17.1 5.3% EBITDA 15.9 14.9 6.7% EBITDA Margin 88.3% 87.1% EBIT 13.4 11.8 13.6% EBIT Margin 74.4% 69.0% Realia 2005 2004 % ch. Realia Revenues (% and variation) Revenues 597.2 565.1 5.7% 1,8% 1,9% 12,9% +13,8% 12,3% EBITDA 230.5 210.5 9.5% Servi
Slide 20: 2005 Results
2005 Results February 23, 2006
Fomento de Construcciones y Contratas — FY2005 Earnings Presentation on 6ix