Acciona Sa · BME:ANA
Acciona Sa — Investor Day (January 2015)
9 slides from Acciona Sa's investor day presentation, Jan 13, 2015
Slide 1: Juan Muro-Lara, Chief Corporate Development and IR Officer
Juan Muro-Lara Chief Corporate Development and IR Officer 13th January 2014, Madrid 1
Slide 2: Improved Outlook
Improved Outlook ACIONA starts a new cycle with strengthened businesses and capabilities Improved outlook based on key factors: ► Strong and well positioned company profound 2014 transformation ► Overcoming regulatory impact major negative impact but there is visibility at last and ACCIONA can now f
Slide 3: Overcoming the regulatory impact
Overcoming the regulatory impact New framework model for Spanish renewables Major negative impact but ACCIONA can now move on ► Key concern over the last 3 years Affecting 70% of installed capacity ► Summary of measures in three waves: 1. Generation tax and CSP regulatory changes c. €100m 2. Removal
Slide 4: Action Plan / Transformation
Action Plan / Transformation Regulatory reform a catalyst for change Acceleration of processes already underway ► De-gearing / reduction of financial risk - following a phase of very strong capital-intensive growth (Energy in particular) ► Consolidation / rationalization of our core businesses ► Tra
Slide 5: Reorganisation
Action Plan / Transformation Achievements ► Significant short term capex reduction 2013-14 target implied 50% Capex reduction vs previous business plan Strategic / Financial measures ► Significant cost reduction plan being implemented in Energy, Costs Infrastructure & Other Activ. More initiatives u
Slide 6: Main disposals
Action Plan / Transformation Rotations / Partnerships Ratio- nale Financial partners in core Rotation of non-strategic Deleveraging businesses less capital- assets intensive growth Status ► c.€0.9bn (Target €0.5-1.0bn of EV in 2013-14) Target achieved 2013 2014 Total EV: ~€365m Total EV: ~€570m Germ
Slide 7: Other business developments during 2014
Action Plan / Transformation Other business developments during 2014 Real Estate ► Real Estate team reinforced with Walter de Luna (former CEO of SAREB) ► Focus on Residential as core strategic advantage ► Significant operational improvement of the 3MW turbine ► LCE down 25% AWP ► Business turn-arou
Slide 8: 2015 – further progress and improvement to come
2015 – further progress and improvement to come 2015 – Likely to strike the right balance between our three strategic priorities: 1 2 3 Shareholder De-leverage Growth remuneration Some key 2015 initiatives include: ► Energy Re-activation of development activity / growth opportunities ► Infrastructur
Slide 9: Juan Muro-Lara, Chief Corporate Development and IR Officer
Juan Muro-Lara Chief Corporate Development and IR Officer 13th January 2015, Madrid 9