Slide 1: Results Presentation 1H-2024
Results Presentation 1H-2024 24 July 2024
Slide 2: Highlights
Highlights Operating & financial performance Performance by Annexes business area
Slide 3: Best platform to develop greenfield projects with exceptional growth capacity
Investor Day Highlights Best platform to develop greenfield projects with an exceptional growth capacity Diversified portfolio Unique business model of more than 70 concession assets VERTICAL DETECTION, DESIGN AND INTEGRATION AWARDING OF PROJECTS HIGHLY COMMITTED AND GENERATING TRUST QUALIFIED HUMAN
Slide 4: Objectives of Strategic Plan 2024-2027
Investor Day Objectives of Strategic Plan 2024-2027 Operating Cash Flow vs EBITDA 2023 2027 Operating Operating Cash Flow 848 €M +60% 1,350 €M Cash Flow EBITDA EBITDA 1,523 €M +6% 1,610 €M +60% +6% Net 153 €M 265 €M EBITDA Operating Profit +73% Cash Flow vs 2023 vs 2023 Cash Minimum 2021 2023 2027 r
Slide 5: Sacyr will receive €16.1Bn cash distributions
Investor Day Highlights Sacyr will receive €16.1Bn cash distributions (c.6x the company’s current market cap) The distributions from our current portfolio represent a major engine of growth for Sacyr in the future €800 Distributions 2024 – 2033 €3.5Bn €700 Total Distributions €16.1Bn €600 €500 €400
Slide 6: Highlights
Highlights Operating & financial performance Performance by Annexes business area
Slide 7: Main figures 1H-2024: Cash flow indicator of growth and value generation
Highlights Main figures 1H-2024 Cash flow indicator of growth and value generation Operating EBITDA Operating Cash Valuation of % EBITDA from Cash Flow Flow / EBITDA Concessional Assets Concessional Assets 574 €M 657 €M 87 % 3,551 €M >90 % +59% vs 1H23 +4,5% vs 1H23 vs 57% in 1H23 As of 31.12.2024 7
Slide 8: Milestones 1H-2024: Outstanding capacity to win, build and deliver greenfield projects
Highlights Milestones 1H-2024 Outstanding capacity to win, build and deliver greenfield projects New Commissioning contracts A-21 Highway 320km 1,127€M 12-year Ferrocarril Central Length Investment Term April 2024 915 €M Opening Equity Anillo Vial Periférico Lima 34.8km 3,131€M 30-year Length Invest
Slide 9: Milestones 1H-2024: New brownfield asset vehicle
Highlights Milestones 1H-2024 New brownfield asset vehicle Generating resources for Crystallizing the value Leveraging joint growth in concessions of our assets investment opportunities Entry to a minority shareholder with up to 49% Operation progress Sept. 2024 ✓ Meetings with Interested Investors
Slide 10: Milestones 1H-2024: Shareholder remuneration, governance and sustainability
Highlights Milestones 1H-2024 Shareholder Corporate Sustainability Remuneration Governance 1 Annual General Meeting 2024 FTSE4Good Index Scrip Dividend ▪ ESG Score of 4.5 / 5 January 2024 ▪ Percentile 100. Gender Diversity 1x50 0.062€ 92% ▪ New independent board member. BME Gender Equality Index sha
Slide 11: Main figures 1H-2024
Highlights Main figures 1H-2024 Million euros 1H-24 1H-23* Chg. REVENUE 2,119 2,164 -2.1% EBITDA 657 629 +4.5% EBITDA Margin 31.0% 29.1% +190bp NET PROFIT 52 51 +2.4% OPERATING CASH FLOW 574 360 +59% CASH FLOW / EBITDA 87% 57% *1H 2023 pro forma figures eliminating the contribution of the Services d
Slide 12: Operating and financial performance
Highlights Operating & financial performance Performance by Annexes business area
Slide 13: Milestones 1H-2024: Capital increase and forward contracts
Operating and financial performance Milestones 1H-2024 Capital Forward increase contracts May 2024 The company continues its strong commitment to the value of its shares: • Amount: 222 million euros • Demand: 5 times covered order book • Quality: large global infrastructure funds Forward Contract on
Slide 14: Net debt evolution 1H-2024 (€M)
Operating and financial performance Net debt evolution 1H-2024 (€M) -220 231 6,653 458 6,408 -657 350 -348 431 WORKING OTHER ADJ FINANCIAL NET CAPITAL FINANCING FLOW, DEC 23 EBITDA CAPITAL +TAX RESULTS INVESTMENT INCREASE FOREX & OTHER JUN 24 6,408 Funds from Operations (FFO) -574 350 458 -220 231 6
Slide 15: Q2-2024 Recourse Net Debt evolution (€M)
Operating and financial performance Q2-2024 Recourse Net Debt evolution (€M) Recourse Net Debt reduction of €126M Growth in concessions with an investment in the quarter of €70M 9 77 -75 74 17 -220 -32 322 24 196 DISTRIBUTIONS NET FINANCING WORKING FINANCIAL CAPITAL MAR 24 EBITDA CAPITAL TAXES FROM
Slide 16: Performance by business area
Highlights Operating & financial performance Performance by Annexes business area
Slide 17: Performance by Business Area: Concessions
Performance by Business Area Concessions Growth through larger and more Million euros 1H-24 1H-23 %Chg. profitable projects REVENUE 829 798 +4% Operating revenue 646 585 +10% → Concessions revenues (+10%) and EBITDA (+6%): The Construction revenue 183 212 -14% commissioning of Rutas del Este (Paragu
Slide 18: Concessions: Breakdown by Country
Performance by Business Area Concessions COUNTRY REVENUE EBITDA ASSETS Breakdown Italy* 184 144 4 Colombia 236 162 6 by Country Chile 263 98 14 Spain 86 61 17 Uruguay 73 55 2 Paraguay 47 21 2 Mexico 37 27 1 Peru 20 7 1 Brazil 21 2 1 USA 8 1 2 Other 38 1 7 Holding 0 -10 - TOTAL 1,014 570 57 TOTAL EX-
Slide 19: Engineering & Infrastructure
Performance by Business Area Engineering & Infrastructure Excellent asset 1H-24 1H-23 % Chg. Million euros commissioning capability REVENUE 1,224 1,327 -8% EBITDA 195 198 -1% → Reduced activity: focus on control and risk reduction in projects for third parties. Backlog (vs. Dec. 2023) 9,143 7,540 +2
Slide 20: Engineering & Infrastructure: Main Awards
Performance by Business Area Engineering & Infrastructure Main Awards Velindre Hospital 364 €M UK Wales USA I-10 Louisiana Highway* SPAIN ITALY 968 €M Hospital Universitario Boadilla Louisiana 56 €M Via del Mare Highway Madrid 160 €M Veneto region Real estate developments 169 €M Antequera-Granada Hi
Slide 21: Water: Privileged position for future growth
Performance by Business Area Water Privileged position for 1H-24 1H-23 % Chg. future growth Million euros REVENUE 116 113 +3% → Increased profitability with a +3% increase in revenue and EBITDA due to the good operating performance of the projects, with countries such as Australia standing out. EBIT
Slide 22: Annexes
Highlights Operating & financial performance Performance by Annexes business area
Slide 23: Concessional Assets: Breakdown of assets
Concessional Assets Breakdown of assets Aunor (51%) Palma – Manacor (40%) Viastur (70%) Road 35 Turia (56%) Barbanza (100%) New Velindre Cancer Centre (31%) Eresma (51%) Transport hub 2 Braga Hospital (1%) Arlanzón (55%) Hacor Hospital (1%) Guadalmedina (5%) Vilafranca Hospital (1%) Parla Hospital (
Slide 24: Performance in portfolio valuation
Concessional Assets Performance in portfolio valuation Increased value since ID21 which shows the robustness of our platform + €740M €3,551M (83) (40) 310 311 269 FX rate Interest rates and other Inflation (298) Incr. Future Growth 443 Increase 440 Discount rates (302) €2,811M Rolling Forward Value
Slide 25: Operating cash flow – Room for re-leverage
Concessional Assets Operating cash-flow Operating cash flow – Room for re-leverage The current portfolio has a sound capacity to repay its debt service, which decreases over time, and leaves room for additional leverage 2024-2033 2034-2043 2044-2053 DSC Ratio DSC Ratio DSC Ratio 1.4x 1.6x 2.6x DSC R
Slide 26: Income Statement 1H-2024
Annexes Income Statement 1H-2024 Consolidated Income Statement Chg. % 1H 2024 1H 2023 Thousand euros 24/23 REVENUE 2,118,746 2,164,463 -2.1% Other income 134,790 102,177 31.9% Total operating income 2,253,536 2,266,640 -0.6% External and Operating Expenses -1,596,350 -1,637,741 -2.5% EBITDA 657,186
Slide 27: Balance Sheet June 2024
Annexes Balance Sheet June 2024 Jun. Dec. Chg. Jun. Dec. Chg. Thousand euros 2024 2024 24/23 Thousand euros 2024 2024 24/23 NON CURRENT ASSETS 10,525,378 10,422,363 103,015 EQUITY 1,991,688 1,750,021 241,667 Intangible Assets 85,509 86,749 -1,240 Shareholder's Equity 1,001,780 795,759 206,021 Conces
Slide 28: Income Statement by Business Line 1H-2024
Annexes Income Statement by Business Line 1H-2024 Consolidated Income Statement 1H 2024 Sacyr Sacyr Sacyr Holding & Total Thousand euros Concesiones Ing & Infra. Water Adjustments REVENUE 829,475 1,224,300 116,340 -51,369 2,118,746 Other income 10,233 115,602 5,721 3,234 134,790 Total operating inco
Slide 29: Income Statement by Business Line 1H-2023
Annexes Income Statement by Business Line 1H-2023 29 Note: 1H 2023 pro-forma figures eliminating the contribution of the Services divestments made in 2023 (VSM and Facilities) to make the comparable perimeters.
Slide 30: Net Debt
Annexes Net Debt Million euros Jun. 24 Dec. 23 Chg. Project Finance 6,457 6,139 318 Ex-Project Finance (with recourse) 196 269 -73 Total Net Debt 6,653 6,408 245 Debt type Ex-Project Finance Fixed rate 196M€ 77% 3% Floating-rate mitigated By Debt by inflation interest type 13% Project Finance rate 6
Slide 31: Concessions Revenue Breakdown
Annexes Concessions Revenue Breakdown Chg. % Revenues breakdown 1H 2024 1H 2023 € thousand 24/23 CHILE 172,540 179,946 -4.1% COLOMBIA 215,833 163,755 31.8% SPAIN 84,533 82,832 2.1% URUGUAY 63,467 54,539 16.4% MEXICO 45,073 42,493 6.1% PARAGUAY 32,496 28,494 14.0% PERU 18,098 18,874 -4.1% BRAZIL 7,16
Slide 32: Concessions Traffic
Annexes Concessions Traffic Accumulated ADT 1H 2024 1H 2023 Chg. % 24/23 SHADOW TOLL HIGHWAY SPAIN AUTOV.TURIA CV-35 42,420 42,092 0.8% PALMA MANACOR MA-15 27,983 26,546 5.4% VIASTUR AS-II 25,788 26,273 -1.8% AUTOV. ARLANZÓN 21,511 20,886 3.0% AUTOV. NOROESTE C.A.R.M. 13,962 13,428 4.0% AUTOV. BARBA
Slide 33: Alternative Performance Measures
Annexes Alternative Performance Measures The Sacyr Group presents its earnings in accordance with International Financial Reporting Standards (IFRS). The Group also provide certain additional financial measurements, known as Alternative Performance Measures (APMs) used by management in decision-maki
Slide 34: Note
The financial information contained in this document is prepared according to the International Financial Reporting Standards. This information has not been audited and therefore may be modified in the future. This document does not constitute an offer, invitation or recommendation to buy, sell or e