ACS, Actividades de Construccion y Servicios SA · BME:ACS
ACS, Actividades de Construccion y Servicios SA — Investor Day (April 2024)
12 slides from ACS, Actividades de Construccion y Servicios SA's investor day presentation, Apr 17, 2024
Slide 1: Capital Markets Day: Financial Review
Capital Markets Day Financial Review 17th April 2024 1
Slide 2: Disclaimer
Disclaimer This document and any related conference call or webcast (including any related Q&A session) has been prepared by ACS, Actividades de Construcción y Servicios, S.A. (hereinafter “ACS” or “the Company”, and in conjunction with its subsidiaries the “ACS Group”) exclusively for been used dur
Slide 3: Our value-focused transformation journey
Our value-focused transformation journey Enabling strong cash generation and shareholder remuneration 2023 key metrics: 2012-2022 2022-Present Revenues, 95% from strong 35.7 €bn currency markets Last decade growing in core Today, we are an operationally markets, de-leveraging and rotating integrated
Slide 4: Introducing a new reporting structure to reflect the transformation of our business
Introducing a new reporting structure to reflect the transformation of our business The new reporting classifies our Group into 3 business lines plus HQs and non-core activities Better visibility of each segment Integrated Turner Solutions CIMIC Alignment with our strategic and operational prioritie
Slide 5: ACS has a healthy mix of business lines, with integrated solutions being the leading source of revenues and profit
ACS has a healthy mix of business lines, with integrated solutions being the leading source of revenues and profit 2023 results Revenues (€bn) Backlog (€bn) PBT (€mn) 1 Net profit (€mn) 1 Restated guidance for 2024 35.7 70.6 944 600 24.6 416 295 16.2 Turner Integrated Net profit to CIMIC Solutions 2
Slide 6: Targets | Looking towards 2026
Targets | Looking towards 2026 1 Figures in €bn 2023 2026 CAGR Revenues €3.3-4 bn 35.7 43 - 48 ~9% Net Profit2 0.6 0.85 - 1.0 ~14% Net OCF Net Operating CF3 1.05 3.3 - 4.0 1 ~16% '24-'26 Cumul. '24-'26 Shareholder remuneration 0.6 > 2.0 Cumul. '24-'26 1. Considering Thiess 10% acquisition for the up
Slide 7: Our financial roadmap 2024-26
Our financial roadmap 2024-26 Key Levers Integrated Solutions KPIs Infrastructure E&C Growth in US and Providing revenue 9% CAGR '23-'26 expansion in Europe Expansion in next generation opportunities to rest of Cross-selling Revenue growth group (23x construction rev. opportunities from rest 6% LFL
Slide 8: Our business plan to 2026 secures an attractive shareholder remuneration and a stable net cash position
Our business plan to 2026 secures an attractive shareholder remuneration and a stable net cash position, with a flexible approach for new investments < Capital allocation structure Accumulated figures 2024-2026 in €bn (incl. Thiess) 3.3 – 4.0 • Strategic M&A 2.5 – 4.2 • Equity for core infra Non-cor
Slide 9: Generated firepower will finance strategic M&A and equity investments
Generated firepower will finance strategic M&A and equity investments that will support our longer-term vision < Value-accretive, Brownfield infra Equity investments in core infra and new-growth vectors strategic M&A acquisitions Turner's expansion Digital and high-tech Following strict guidelines:
Slide 10: Our financial policy will ensure an attractive shareholder remuneration while maintaining a healthy leverage profile
Our financial policy will ensure an attractive shareholder remuneration while growing the business and maintaining a healthy leverage profile 1 Attractive shareholder 2 Maintain investment grade 3 Well-managed debt and hedging, with remuneration comfortable maturities Increased dividends Group-level
Slide 11: Key takeaways
New reporting structure to reflect the transformation of our business, better aligned with our current strategic and operational priorities Key takeaways Integrated solutions is the main contributor to our profit and cash Robust cash generation and its continued growth drives our margins up generati
Slide 12: Actividades de Construccion y Servicios
ACTIVIDADES DE CONSTRUCCION Y SERVICIOS eo
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