Elecnor S.a. · BME:ENO
Elecnor — FY2019 Earnings Presentation
42 slides from Elecnor's earnings presentation, 2020
Slide 1: Results
Results
Slide 2: Disclaimer
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Disclaimer The information contained in this presentation of results has been prepared by Elecnor, S.A. (hereinafter “the Company” or “Elecnor”) and incl
Slide 3: Main milestones in 2019
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Main milestones in 2019 Consolidated EBITDA Corporate Consolidated net profit net debt sales 126.4 387 2,454 136 EUR million EUR million EUR million EUR
Slide 4: Key magnitudes
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Key magnitudes Balance sheet Cash flow statement Assets Operating Investment 2,979 activities activities 231 -79 EUR million EUR million EUR million +15.
Slide 5: Business model
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Business model GENERATION OF SHAREHOLDER VALUE AND SUSTAINABILITY NERATES GE Infraestructure Concessions business business Execution of engineering, Deve
Slide 6: Summary
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Summary 07 24 Main corporate operations 30 Key projects won in the year Key figures 21 27 Main financial operations 39 This is Elecnor Shareholder remune
Slide 7: Key figures
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Key figures 7
Slide 8: Net profit up 54% to EUR 126.4 million
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Net profit up 54% to EUR 126.4 million Net profit Infrastructure In EUR million – The profit is EUR 67 million, up 2.2% +54% – The turnover is EUR 2,279 m
Slide 9: EBITDA was up by 52.3% to EUR 387 million
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results EBITDA was up by 52.3% to EUR 387 million EBITDA In EUR million +52.3% 387 254 248 265 +6.8% 2018* 2019 Net EBITDA of corporate operations * Restated as
Slide 10: Sales exceeded EUR 2,454 million
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Sales exceeded EUR 2,454 million Infrastructure Sales In EUR million • Leadership position in the national market mainly in electricity and telecommunica
Slide 11: The diversification of activities as a strategic focus
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results The diversification of activities as a strategic focus to offer a global service 9% 24% Facilities Power generation 2% Railways 7% Construction, Environm
Slide 12: Sales by geographic area
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Sales by geographic area Sales by geographic area 17% 6% North and Africa Central America 2% Asia and Oceania 53% 22% Europe South America 12
Slide 13: Infrastructure Business
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Infrastructure Business Sales Net profit In EUR million In EUR million 2,279 2,119 2,096 67 65 +8.8% 62 +2.2% 2017* 2018* 2019 2017* 2018* 2019 * Restated
Slide 14: The backlog amounts to EUR 2,223 million
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results The backlog amounts to EUR 2,223 million Backlog +4.5% 25% 75% Domestic International 14
Slide 15: Concessions Business. Assets managed
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Concessions Business. Concessions Business. Assets managed Assets managed By activities By geographic area 21% Solar 195 MW of photovoltaic solar power 1
Slide 16: Concessions Business. Source of funds
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Concessions Business. Source of funds Concessions Business. Source of Funds 13% Equity 72% APG 14% Copel 6% Cobra 46% 3% Enagás Banks 14% Partners 2% CEE
Slide 17: A team of nearly 15,000 people
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results A team of nearly 15,000 people Employees by geographic area People are Elecnor’s most prized asset, and the company’s strategy Employees by market Employ
Slide 18: Corporate net debt dropped by 33.5%
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Corporate net debt dropped by 33.5% This reduction is due to the positive evolution of the Group’s business Net Financial Debt in terms of cash generatio
Slide 19: Financing
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Financing Financing at 31/12/2019 Available corporate financing limit Project Finance EUR 1,008 million EUR 407 million 30% 20% 96% Syndicated Wind power
Slide 20: Cash flow statement
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Cash flow statement Cash flow statement In millions of euros In EUR million 231 -79 325 293 -120 Initial Operating Investment Financing Final cash activit
Slide 21: Shareholder remuneration
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Shareholder remuneration 21
Slide 22: Dividend paid
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Dividend paid Dividend paid In 5 years +26% In millions of euros Accumulated 29 dividend 24 25 27 127 EUR million 23 Average TACC 25 5.7% EUR million Pay
Slide 23: Stock market information
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Stock market information The dividend yield in the 2019 2018 2019 financial year stood at 2.4%, compared to 2.6% in the previous year. This downward vari
Slide 24: Main corporate operations
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Main corporate operations 24
Slide 25: Expansion of the strategic partnership with APG for the development of new projects
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Expansion of the strategic partnership with APG for the development of new projects » This partnership extends the agreement that Elecnor and APG had alr
Slide 26: UNE 19601 certification and entry into upstream sector with Wayra Energy
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Certification of the Compliance System Entry into the upstream sector with the according to the UNE 19601 standard acquisition of a 30% stake in Wayra En
Slide 27: Main financial operations
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Main financial operations 27
Slide 28: Issuance of project bonds in Brazil and Chile
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Issuance of project bonds in EUR 73 million in bonds for Issuance of bonds in Chile for Brazil for 565 million Brazilian Ventos Do Sul wind farms in tran
Slide 29: Novation of Syndicated Loan Agreement and promissory note programme
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Novation of Syndicated Multi-currency promissory Financial closure of Loan Agreement note programme in the MARF photovoltaic projects in São of up to EUR
Slide 30: Key projects won in the year
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Key projects won in the year 30
Slide 31: Infrastructure
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Infrastructure Framework service contracts Electricity Telecommunications Gas with major national operators 31
Slide 32: Infrastructure
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Infrastructure Improvements in energy efficiency of public Six wind farms in Zaragoza, worth EUR 47 million lighting in 58 Spanish municipalities, worth
Slide 33: Infrastructure
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Infrastructure Maintenance of 26,000 Sareb buildings » Scope: preventive, corrective and technical-legal maintenance, as well as regular visits to check
Slide 34: Infrastructure
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Infrastructure Expansion of six substations New electrical infrastructure 120 MW solar power plant in in Mexico in Chile the Dominican Republic » Scope:
Slide 35: Infrastructure
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Infrastructure Increasing renewable energy New wind farm in Mexico Becoming part of the UK’s in Chile with 185 MW from landmark project to establish wind
Slide 36: Infrastructure
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Infrastructure Contract worth EUR 350 million Biomass cogeneration plant in Large-scale water with the Lithuanian railway Belgium, worth EUR 86 million t
Slide 37: Infrastructure
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Infrastructure Cameroon’s largest hydroelectric power plant Two substations in Ghana, worth USD 45 million » Scope: electromechanical installation of sev
Slide 38: Concessions
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Concessions New transmission line in Brazil, Growing in Brazil with two new Contract worth EUR 53 million worth EUR 254 million wind farms to build a win
Slide 39: This is Elecnor
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results This is 39
Slide 40: Elecnor is a global company with sales in 55 countries and two core businesses
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results Elecnor is a global company with sales in 55 countries and two core businesses Infrastructure: execution of engineering, construction and services Operat
Slide 41: A sustainable value
Key figures Shareholder Main corporate Main financial Key projects This is remuneration operations operations won in the year Elecnor 2019 Results A sustainable value People-centered Committed to society Prevention of occupational risks at Partnering with ODS business center Elecnor Foundation Promo
Slide 42: ema Re
ema Re elecnor www.elecnor.com