Acs, Actividades De Construccion Y Servicios Sa · BME:ACS
Acs, Actividades De Construccion Y Servicios Sa — Q1 2026 Earnings Presentation
33 slides from Acs, Actividades De Construccion Y Servicios Sa's earnings presentation, May 12, 2026
Slide 1: Q1 2026 Results Presentation
Q1 2026 RESULTS PRESENTATION May 12th, 2026
Slide 2: Q1 2026 Overview
Q1 2026 | Results Presentation Q1 2026 Overview Strong Operational Net Outstanding LTM Net Net Debt shows strong Continued growth in Accelerating growth Profit(1) growth of 25% Operating Cash Flow improvement of new orders to trajectory; Op. Net (+33.4% FX-adj.) to ("NOCF”) of €2.3bn €1.4bn yoy €17.
Slide 3: P&L and operating KPIs
Q1 2026 | Results Presentation P&L and operating KPIs Sales growth of 12.5% yoy FX-adj. Euro Million Q1 2025 Q1 2026 yoy yoy FX-adj.(1) Sales 11,790 12,344 4.7% 12.5% EBITDA of 772mn, up 15.9% FX-adj., showing strong operating EBITDA 699 772 10.5% 15.9% margin expansion both across businesses and at
Slide 4: Attributable Operational Net Profit breakdown
Q1 2026 | Results Presentation Attributable Operational Net Profit breakdown Strong growth at Operational Net Profit level of 25%, in line Euro Million Q1 2025(1) Q1 2026 yoy yoy FX-adj. (2) with top end of guidance set for 2026 (33.4% FX-adj) Turner 100 143 43.7% 60.3% CIMIC 45 46 3.0% 2.4% urner’
Slide 5: Cash flow performance
Q1 2026 | Results Presentation Cash flow performance Outstanding and sustained level of cash conversion, with Operating Operating Cash Flow pre-factoring LTM (€mn) Cash Flow pre-fac or ng of c.€3bn, supported by a robust EBITDA LTM performance, up 16.7% +545mn yoy Strong working capital performance
Slide 6: Financial position
Q1 2026 | Results Presentation Financial position e deb po on a of arch 2026 of €1.5bn, a strong Figures in millions of euros improvement of €1.4bn yoy, due to outstanding LTM NOCF +€1,375 mn performance yoy ne f nanc al nve men of c.€0.3bn (c.€1.3bn investments – c.€1.0bn divestments) ▪ Continued i
Slide 7: New orders and order backlog
Q1 2026 | Results Presentation New orders and order backlog New orders (€bn) O her I, g al & 9% ech 1.3 21% 1.2 1.2 Cr cal neral & a ural FX-adj. e ource 10% u a nable ob l y 17.5 €99.8bn 13.2 15.6 9% eneral u ld ng 17% ran por 1 2024 1 2025 1 2026 efen e 15% nergy e order oo o b ll 4% Infra ruc ure
Slide 8: Recent significant new orders: AI, Digital & Tech
Q1 2026 | Results Presentation Recent significant new orders AI, Digital & Tech Alcalá Data Center, Madrid, Spain AI, Digital & Technology o 1 GW Meta Data Center, 4m sq ft state-of-the-art campus supporting core digital infra and AI workloads, >$10bn investment, built to achieve U.S. Green Building
Slide 9: Recent significant new orders: Energy Infrastructure
Q1 2026 | Results Presentation Recent significant new orders Energy Infrastructure Energy Infrastructure o Rolls-Royce SMR program, strategic leadership in construction management for the global delivery team deploying small modular nuclear reactors (SMR), in the UK and EU, together with Amentum o W
Slide 10: Recent significant new orders: Transport & Sustainable Infrastructure
Q1 2026 | Results Presentation Recent significant new orders Transport & Sustainable Infrastructure SR-400 Managed Lanes, Georgia, USA Transport & Sustainable Infrastructure o Prague Metro Line D, €1.23bn JV, construction of three new underground stations and several tunnel sections with a total len
Slide 11: Recent significant new orders: BHE & Social Infrastructure
Q1 2026 | Results Presentation Recent significant new orders BHE & Social Infrastructure BHE(1) & Social Infrastructure o University of Southampton, €200mnJV, PPP project, design, finance, construction and operations agreement (50 years) covering nearly 1,500 new student accommodation units, UK o Ba
Slide 12: Recent significant new orders: Critical Minerals & Natural Resources
Q1 2026 | Results Presentation Recent significant new orders Critical Minerals & Natural Resources Critical Minerals & Natural Resources o Zinc Tailing recycling facility, AUD 400m, contracts by Hindustan Zinc to support the delivery of India’s first zinc tailings recycling facility at Rampura Aguch
Slide 13: Recent significant new orders: Defense
Q1 2026 | Results Presentation Recent significant new orders Defense Defense o Modernization of Čá lav Military Airport, €220mn complete repair of the runway and modernization of the airport lighting system, along with related infrastructure, Czech Republic o German Armed Forces' university campus,
Slide 14: Performance by segment
Performance by segment Q1 2026 | Results Presentation
Slide 15: Turner
Q1 2026 | Results Presentation Turner Euro Million Q1 2025 Q1 2026 yoy yoy FX-adj. Strong sales increase of 25.1% yoy FX-adj., particularly driven by Sales 5,835 6,540 12.1% 25.1% data centers and supported by solid growth in pharma, EBITDA 184 254 37.6% 53.5% semiconductors, aviation and public bui
Slide 16: CIMIC
Q1 2026 | Results Presentation CIMIC ale of €2.4bn reflecting the portfolio rebalancing towards Euro Million Q1 2025 PF(2) Q1 2026 yoy yoy FX-adj. strategic growth markets, particularly data centers, offset by large Sales 2,528 2,445 (3.3%) (3.8%) transport infrastructure projects winding down EBITD
Slide 17: Engineering & Construction
Q1 2026 | Results Presentation Engineering & Construction Euro Million Q1 2025 Q1 2026 yoy yoy FX-adj. Sales increased by 9.5% yoy FX-adj., supported by new sustainable Sales 2,556 2,630 2.9% 9.5% mobility, digital infra and defense EBITDA 149 173 16.1% 23.7% EBITDA margin improved by 75 bps to 6.6%
Slide 18: Infrastructure
Q1 2026 | Results Presentation Infrastructure Euro Million Q1 2025 Q1 2026 yoy ber ’ I gro ng a 9.1% (10.1% FX-adj.), with positive PBT 38 43 12.9% performance in terms of traffic and tariffs, offset by higher PPA Abertis 33 30 (7.5%) depreciation Iridium 11 9 (18.4%) Dividend of approx. €600mn (AC
Slide 19: Infrastructure - Abertis
Q1 2026 | Results Presentation Infrastructure - Abertis Robust operating performance Euro Million Q1 2025 Q1 2026 yoy Sales (100%) 1,416 1,507 6.4% ▪ Revenues +6% and EBITDA +9% underpinned by traffic growth and EBITDA (100%) 983 1,072 9.1% inflation-linked tariffs increases and new assets contribut
Slide 20: Infrastructure - Abertis
Q1 2026 | Results Presentation Infrastructure - Abertis Extending the end of FARAC, RCO’s main concession, from 2048 to 2067 (19.5-year extension) ▪ Strategic 799km industrial corridor connecting Mexico City – Guadalajara. Key Mexico–U.S. trade route benefiting from nearshoring-driven growth and U.S
Slide 21: Infrastructure - Abertis
Q1 2026 | Results Presentation Infrastructure - Abertis EUROPE OVERSEAS HOLDING TOTAL € n France Spain Italy USA (3) Mexico Chile Brazil Arg. Int. (3) A.Infra.(4) Total Group Km 1,873 631 236 293 937 494 3,193 175 152 - 7,983 Concessions 3 7 1 4 4 4 7 2 2 - 34 (1) Traffic -0.6% +6.4% +1.8% 4.8% +2.7
Slide 22: Conclusions
Conclusions Q1 2026 | Results Presentation
Slide 23: Conclusions
Q1 2026 | Results Presentation Conclusions EBITDA Operational Net Profit LTM NOCF Solid operating performance €772mn €239mn €2.3bn +15.9% FX-adj yoy +25% yoy; in line with Up €640mn yoy Top end of guidance Backlog Data Centers backlog New orders Strong market momentum €99.8bn €19.4bn €17.5bn +16.1%
Slide 24: Appendix
Appendix Q1 2026 | Results Presentation
Slide 25: ACS Group – Main KPIs
Q1 2026 | Results Presentation ACS Group – Main KPIs Operating results New orders and backlog Euro Million Q1 2025 Q1 2026 yoy 2025 Euro Million Q1 2025 Q1 2026 yoy 2025 New orders 15,621 17,467 11.8% 62,528 Sales 11,790 12,344 4.7% 49,848 Turner 7,783 10,343 32.9% 33,603 Turner 5,835 6,540 12.1% 25
Slide 26: Income Statement
Q1 2026 | Results Presentation Income Statement Euro Million Q1 2025 Q1 2026 yoy yoy FX-adj. 2025 Sales 11,790 12,344 4.7% 14.0% 49,848 EBITDA 699 772 10.5% 18.8% 3,070 Margin (%) 5.9% 6.3% 33 bps 6.2% EBIT 470 549 16.8% 27.2 % 2,100 (1) Ordinary financial result (142) (130) (564) Other results (2)
Slide 27: Engineering & Construction - Dragados
Q1 2026 | Results Presentation Engineering & Construction - Dragados Euro Million Q1 2025 Q1 2026 yoy yoy FX-adj. Sales 2,193 2,261 3.1% 10.8% EBITDA 123 141 14.0% 23.1% % margin 5.6% 6.2% 59 bps Operational PBT 52 55 5.4% 5.0% % margin 2.4% 2.4% 5 bps Operational net profit 37 43 17.2% 20.4% New or
Slide 28: Sales and backlog by geography
Q1 2026 | Results Presentation Sales and backlog by geography Sales by geography and country Euro Million Q1 2025 Q1 2026 yoy yoy FX-adj. Sales by geography 11,790 12,344 4.7% 12.5% North America 7,239 7,824 8.1% Asia Pacific 2,664 2,429 (8.8%) Europe 1,778 1,983 11.5% RoW 108 109 0.6% Sales by coun
Slide 29: Balance Sheet
Q1 2026 | Results Presentation Balance Sheet Financial balance sheet - Net assets Financial balance sheet - Liabilities and equity Euro Million Dec-25 Mar-26 Euro Million Dec-25 Mar-26 Fixed assets 10,735 10,700 Net equity 5,176 5,293 Tangible and intangible assets 3,385 3,473 Equity 4,791 4,885 Non
Slide 30: Cash flow performance
Q1 2026 | Results Presentation Cash flow performance Euro Million Q1 2025 Q1 2026 Q1 2025 LTM Q1 2026 LTM EBITDA 699 772 2,694 3,143 Operating WC variation pre-factoring variation (1,533) (1,391) 34 563 Taxes, interests, associates and other (101) (276) (290) (723) Operating Cash Flow (OCF) pre-fact
Slide 31: FX rate impact
Q1 2026 | Results Presentation FX rate impact Average exchange rate (€ vs. currency) Mar-25 Dec-25 Mar-26 Var. LTM Var. YTD US Dollar 1.0518 1.1310 1.1738 11.6% 3.8% Australian Dollar 1.6897 1.7518 1.6794 (0.6%) (4.1%) Closing exchange rate (€ vs. currency) Mar-25 Dec-25 Mar-26 Var. LTM Var. YTD US
Slide 32: Legal Disclaimer
Q1 2026 | Results Presentation Q1 2026 | Results Presentation Legal Disclaimer This document contains forward-looking statements on the intentions, expectations or forecasts of Grupo ACS or its management at the time the document was drawn up and in reference to various matters including, among othe
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