ACS, Actividades de Construccion y Servicios SA · BME:ACS
ACS, Actividades de Construccion y Servicios SA — Q3 2022 Earnings Presentation
13 slides from ACS, Actividades de Construccion y Servicios SA's earnings presentation, Nov 11, 2022
Slide 1: 3Q 2022 Results Presentation
3Q 2022 RESULTS PRESENTATION November 11th, 2022 1
Slide 2: 3Q 22 Key figures
3Q 22 Key figures Figures in € million 9M22 reported YoY Var. YoY adjusted var. (1) □ 3Q sales + 29.5% YoY backed by SALES 24,526 +20.4% +10.6 % outperformance of core regions + USD appreciation. BACKLOG 70,417 +13.6% +2.2 % □ Solid Backlog supported by strong LTM order intake (+6.9% YoY) and positi
Slide 3: Geographical diversification
Geographical diversification +24.9% YoY AMERICA +19.3% YoY ASIA PACIFIC ASIA PACIFIC +18.1% YoY +11.3% YoY * 22% 28% SALES 55% BACKLOG 24,526 63% 70,417 15% €mn €mn EUROPE +7.9% YoY 17% EUROPE +1.3% YoY * Restated for Ventia’s proportional backlog in Q3 21 after its reclassification as financial inv
Slide 4: Construction: operating performance
Construction: operating performance Operating figures: Sales (in €bn) and EBIT margin (%) HOT Europe & HQ +26.8% 4% Dragados 12.8 CIMIC 17% 23% +9.6% 10.1 22.9 €bn +21% YoY 5.3 +14.5% 4.5 SALES 3.8 HOT America 3.3 56% 6.1%(1) 6.1% 2.5% 2.2% -30bps 3.6% 3.6% HOT Europe & HQ 1% Dragados 9M21 9M22 9M21
Slide 5: Construction: backlog
Construction: backlog Backlog breakdown Backlog evolution by key markets (1) 67.8 +19.7% DRAGADOS 58.9 59.4 54.3 22% -4.3% HOCHTIEF Europe 67.8 HOCHTIEF America +15.7% 6% € bn 43% HOCHTIEF sep-19 sep-20 sep-21 sep-22 (1) Asia Pacific +12.7% USA Australia Europe RoW 29% o Backlog at record highs supp
Slide 6: 9M 22 largest awards
9M 22 largest awards Contract for widening the Civil Works riverbed of the Svrakta River to Contract to provide mining, Mining prevent flooding in Brno, Czech 378 €MN rehabilitation and port management Services Republic services in Central Kalimantan, Expansion of line 11 of Metro de Indonesia 850 €
Slide 7: By activities - Concessions
By activities - Concessions EBITDA evolution Abertis – Key figures €million +25 €mn 165 € Million 9M21 9M22 Var. Traffic evolution 3Q 22 vs 3Q 21 140 Revenues 3,651 3,800 +4.1% Chile 19,4% France 15,8% EBITDA 2,530 2,615 +3.3% Spain 15,4% Italy 13,8% Net Profit pre PPA 516 506 -2.0% Mexico 9,6% Braz
Slide 8: Reinforcement of concessions with SH288 new acquisition
Reinforcement of concessions with SH288 new acquistion SH-288 Toll lanes within Harris County involving 4 new toll managed lanes that extend 10.3 miles, one of the longest concession tenors in North America The Project was awarded in 2015 by TxDOT to the ACS led consortium under a public-private par
Slide 9: By activities - Services
By activities - Services Operating figures Backlog breakdow SALES €million EBIT €million 11.4% 1,358 United Kingdom +8.7% 1,219 9% 16.1% 2,642 Portugal 2% -4.8% 39 € mn 33 Spain Margin over +0.5% 89% 2.7% sales 2.9% Q3 21 Q3 22 Q3 21 Q3 22 o Positive backlog evolution growing by 1.1% overall o Sales
Slide 10: Net Profit by activities
Net Profit by activities Figures in € Million 9M21 9M22 YoY Var. Construction 209 255 +22.1% Hochtief (ex ABE) 131 177 +35.1% Dragados 87 90 +3.6% Concessions 107 145 +36.1% Iridium 20 33 +65.7% Abertis 87 113 +29.5% Services (Clece) 20 22 +5.5% Net Profit from operating activities 336 421 +25.5% Co
Slide 11: YTD Net debt evolution
YTD Net debt evolution 1,172 (317) 2,009 100 (919) 1,214 (831) (924) (578) (288) Net Cash FFO Capex & Operating Shareholders F/X Adj. Operating Net Cash CIMIC's Acquisition 14.46% Net Debt Dec-21 pre WC Leases Remuneration & Others (1) WC Variation Sep-22 takeover bid (2) HOT Sep-22 Pre Strategic Ac
Slide 12: Strategic Plan 2022
Strategic Plan 2022 Conclusions: Delivering commitments 1 Strong operating performance with resilient cash flow generation 839 €mn 9M EBIT 1 €bn LTM FCF generation 2 Solid financial position after strategic transactions despite seasonal effect of WC 288 €mn Net Debt 0.2x EBITDA 3 Revenues visibility
Slide 13: Legal Disclaimer
Legal Disclaimer This document contains forward-looking statements on the intentions. expectations or forecasts of Grupo ACS or its management at the time the document was drawn up and in reference to various matters including. among others. its customer base. its performance. the foreseeable growth
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