Fomento De Construcciones Y Contratas, S.a. · BME:FCC

Fomento De Construcciones Y Contratas — FY2006 Earnings Presentation

22 slides from Fomento De Construcciones Y Contratas's earnings presentation, Feb 27, 2007

  1. Slide 1: 2006 Results

    2006 RESULTS CONSTRUCTION SERVICES CONSTRUCCION CONSTRUCTION 2006 Results SERVICIOS SERVICES CEMENT CEMENTO CEMENT INMOBILIARIA REAL ESTATE Madrid, February 27, 2007 REAL ESTATE

  2. Slide 2: Mr. Rafael Montes, CEO

    2006 RESULTS Mr. Rafael Montes CONSTRUCCION CONSTRUCTION CEO SERVICIOS SERVICES CEMENTO CEMENT INMOBILIARIA REAL ESTATE 2

  3. Slide 3: Presentation

    Presentation 2006 RESULTS • Historic Results • Strategic Plan Execution • FCC’s Commitments CONSTRUCCION CONSTRUCTION SERVICIOS SERVICES • 2007 Estimates CEMENTO CEMENT INMOBILIARIA REAL ESTATE 3

  4. Slide 4: Historic Results

    Historic Results 2006 RESULTS Growth 2006 Estimated Real Revenues 9,481 12% 33.7% EBITDA 1,387 12% 40.3% Net Profit 536 18% - 20% 27.1% CONSTRUCCION CONSTRUCTION Revenues Growth breakdown International contribution 1.718 SERVICIOS SERVICES +33.7% 18.1% Through acquisitions; CEMENTO CEMENT 17.1% 703

  5. Slide 5: Strategic Plan 2005 - 2008

    Strategic Plan 2005 - 2008 2006 RESULTS 2004 Objective 2008 Proforma* 2006E Services 37% Services 40% Revenues 6,349 10,000 – 12,000 Construction 11,700 Construction 44% 49% Cement Cement 14% 16% International Revenues 10% 30% - 35% 36% CONSTRUCCION CONSTRUCTION Others Others 2% 2% Construction Cons

  6. Slide 6: Strategic Plan execution

    Strategic Plan execution 2006 RESULTS Construction 12% Spain Services 57% INVESTMENT: INVESTMENT: 36% Cement 31% >5,000 >5,000mn mn International 64% CONSTRUCCION CONSTRUCTION UNITED KINGDOM > 2,000 mn SERVICIOS SERVICES EASTERN EUROPE >1,150 mn CEMENTO CEMENT Bosnia INMOBILIARIA REAL ESTATE 6

  7. Slide 7: FCC's Commitments

    FCC’s Commitments 2006 RESULTS TRANSPARENCY TRANSPARENCY VISIBILITY VISIBILITY CONSTRUCCION CONSTRUCTION SERVICIOS SERVICES CEMENTO CEMENT CORPORATE CORPORATE RESPONSIBILITY RESPONSIBILITY INMOBILIARIA REAL ESTATE 7

  8. Slide 8: Mr. José Trueba, CFO

    2006 RESULTS CONSTRUCCION CONSTRUCTION Mr. José Trueba CFO SERVICIOS SERVICES CEMENTO CEMENT INMOBILIARIA REAL ESTATE 8

  9. Slide 9: Key Figures

    Key Figures 2006 RESULTS 2006 2005 % ch. Revenues 9,481 7,090 34% Net Profit 536 421 27% EPS 4.1 3.2 27% Funds from Operations 1,396 978 43% CONSTRUCCION CONSTRUCTION Net Debt -5,204 -403 Gearing with recourse 49.1% 11.5% SERVICIOS SERVICES Investments 4,855 943 Backlog 30,510 20,497 49% CEMENTO CEM

  10. Slide 10: Income Statement

    Income Statement 2006 RESULTS 2006 2005 % ch. Net Sales 9,480.9 7,089.8 33.7% EBITDA 1,387.3 988.9 40.3% Margin 14.6% 13.9% Depreciation and amortisation -506.0 -332.8 52.0% EBIT 881.3 656.2 34.3% Margin 9.3% 9.3% CONSTRUCCION CONSTRUCTION Interest, etc. -85.7 -28.3 202.8% Other operating income 2.0

  11. Slide 11: Results by areas

    Results by areas 2006 RESULTS Net Revenues 2006 2005 % ch. 2006 Net Revenues Construction 4,395.3 3,346.7 31.3% Versia 9% Environmental Services 2,835.6 2,078.0 36.5% Environ. Versia 867.1 721.5 20.2% Services Construction 30% 46% Cement 1,466.6 978.4 49.9% Cement Torre Picasso 19.5 18.1 7.7% 15% Ot

  12. Slide 12: Cash flow and net debt

    Cash flow and net debt 2006 RESULTS 2006 2005 % ch. Operating Cash Flow 1,159 1,018.4 13.8% Investment Cash Flow -4,810.6 -943.0 410.1% Financing Cash Flow -354.2 -224.6 57.7% Other changes in Net Debt -794.9 -49.3 Net Debt Variation -4,800.6 -132.9 Net Debt 5,203.7 403.0 CONSTRUCCION CONSTRUCTION N

  13. Slide 13: Net debt by areas

    Net debt by areas 2006 RESULTS Total With recourse Without recourse Construction -169 51 -220 Services -3,656 -2,480 -1,176 Versia -517 -517 0 Cement -1,474 -900 -575 Other 612 612 0 CONSTRUCCION CONSTRUCTION Total -5,204 -3,233 -1,971 Area breakdown Type breakdown SERVICIOS SERVICES Construction 3%

  14. Slide 14: Cash flow by areas

    Cash flow by areas 2006 RESULTS Operating Cash Flow 2006 2005 % ch. 2006 Operating CF Construction 310.5 428.1 -27.5% Cement Other 2% Construction Services 456.1 274.7 66.0% 28% 27% Versia 41.6 56.2 -26.0% Environ. Cement 322.0 206.0 56.3% Versia Services 4% 39% Other 28.8 53.4 -46.1% Total 1,159.0

  15. Slide 15: Results by areas

    2006 RESULTS Results by areas CONSTRUCCION CONSTRUCTION SERVICIOS SERVICES CEMENTO CEMENT INMOBILIARIA REAL ESTATE 15

  16. Slide 16: Environmental Services

    Environmental Services 2006 RESULTS 2006 2005 % ch. 2006 Revenues Revenues 2,835.6 2,078.0 36.5% EBITDA 501.4 342.8 46.3% International 23.7% EBITDA Margin 17.7% 16.5% Domestic EBIT 250.9 201.4 24.6% 76.3% EBIT Margin 8.8% 9.7% Operating Cash Flow 456.1 274.7 66.1% Investment Cash Flow -2,549.6 -345

  17. Slide 17: Versia

    Versia 2006 RESULTS 2006 2005 % ch. 2006 Revenues Revenues 867.1 721.5 20.2% EBITDA 104.2 110.7 -5.9% International 23.3% EBITDA Margin 12.0% 15.3% EBIT 58.3 56.3 3.5% Domestic 76.7% EBIT Margin 6.7% 7.8% Operating Cash Flow 41.6 56.2 -26.0% Investment Cash Flow -165.2 -16.8 883.3% CONSTRUCCION CONS

  18. Slide 18: Construction

    Construction 2006 RESULTS 2006 2005 % ch. 2006 Revenues Revenues 4,395.3 3,346.7 31.3% International 11.2% EBITDA 268.6 191.4 40.3% EBITDA Margin 6.1% 5.7% EBIT 241.0 156.2 54.3% Domestic 88.8% EBIT Margin 5.5% 4.7% Operating Cash Flow 310.5 428.1 -27.5% CONSTRUCCION CONSTRUCTION Investment Cash Flo

  19. Slide 19: Cement

    Cement 2006 RESULTS 2006 2005 % ch. 2006 Revenues Revenues 1,466.6 978.4 49.9% International EBITDA 485.3 312.3 55.4% 24.1% EBITDA Margin 33.1% 31.9% Domestic EBIT 335.0 215.1 55.7% 75.9% EBIT Margin 22.8% 22.0% Operating Cash Flow 322.0 206.0 56.3% CONSTRUCCION CONSTRUCTION Investment Cash Flow -1,

  20. Slide 20: Real Estate

    Real Estate 2006 RESULTS Torre Picasso 2006 2005 % ch. Revenues 19.5 18.1 8.1% EBITDA 16.3 16.0 2.1% EBITDA Margin 83.4% 88.4% EBIT 14.7 13.4 9.6% EBIT Margin 75.3% 74.3% Realia 2006 2005 % ch. Realia Revenues (% and change) CONSTRUCCION CONSTRUCTION Revenues 741.3 632.8 17.1% 1.9% -1.4% 1.6% 12.3%

  21. Slide 21: 2006 Results

    2006 RESULTS CONSTRUCTION SERVICES CONSTRUCCION CONSTRUCTION 2006 Results SERVICIOS SERVICES CEMENT CEMENTO CEMENT INMOBILIARIA REAL ESTATE Madrid, February 27, 2007 REAL ESTATE 21

  22. Slide 22: Disclaimer

    Disclaimer 2006 RESULTS “ It is expressly stated that any information regarding Realia contained herein, does not constitute and cannot be interpreted as an offering or invitation to buy or acquire Realia shares in the United States, Canada, Japan, or in any other country where an offering or invita

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