Acs, Actividades De Construccion Y Servicios Sa · BME:ACS

Acs, Actividades De Construccion Y Servicios Sa — Grupo ACS — Q3 2005 Earnings Presentation

24 slides from Acs, Actividades De Construccion Y Servicios Sa's earnings presentation, Nov 4, 2005

  1. Slide 1: 3Q / 2005 Results Data Conference

    3Q / 2005 Results Data Conference November 4th, 2005 1

  2. Slide 2: Index

    Índex Executive Summary 3Q/2005 Results Balance sheet at September 30th, 2005 Business lines Conclussions 2

  3. Slide 3: Executive Summary

    Executive Summary Good operating and financial performance Turnover Strong sales growth € 8.891,3 mn +12,0 % EBIT Operating margins improvement € 596,4 mn +15,3 % Profit from Associates Contribution from Affiliates € 93,4 mn +43,1 % Excellent results Net Profit € 440,3 mn +30,0 % Keeping the gearing

  4. Slide 4: Unión Fenosa Stake Acquisition

    Unión Fenosa Stake Acquisition Grupo ACS has acquired 22% of Unión Fenosa, for a total amount of € 2,219 million, equivalent to € 33 per share ‰ This strategic investment allows us to become the reference shareholder of the third utility in Spain. ‰ Consolidating industry with growing perspectives ‰

  5. Slide 5: Executive Summary: 3Q/05 Key figures

    Executive Summary 3Q/05 Key figures Euro Millions 3Q/04 3Q/05 Var Turnover 7.941,4 8.891,3 +12,0 % EBITDA 704,2 785,7 +11,6 % EBIT 517,4 596,4 +15,3 % Net Profit 338,7 440,3 +30,0 % EPS 0,97 € 1,26 € +30,2 % Total Net Debt 2.009,8 1.960,0 -2,5 % Corporate Net Debt 1.666,5 1.380,5 -17,2 % Project Fin

  6. Slide 6: Consolidated Results: Income statement

    Consolidated Results Income statement Euro Millions 3Q/04 3Q/05 Var Turnover 7.941,4 8.891,3 +12,0 % Other revenues 486,3 289,2 Total Income 8.427,7 9.180,5 +8,9 % Operating Expenses (7.723,5) (8.394,9) Operating Cash Flow (EBITDA) 704,2 785,7 +11,6 % Fixed Assets depreciation (169,2) (171,1) Curren

  7. Slide 7: Consolidated Results: Operating ratios performance

    Consolidated Results Operating ratios performance 10% 8,9% 8,8% 8% 6,5% 6,7% 6% 5,0% 4,3% 4% 2% 0% 3Q/04 3Q/05 EBITDA/Sales EBIT/Sales Net Profit/Sales 7

  8. Slide 8: Consolidated Results: Breakdown by activity

    Consolidated Results Breakdown by activity 3Q/05 Turnover EBIT Net Profit 5% 12% 20% 24% 38% 42% 46% 17% 34% 34% 28% 3Q/04 Turnover EBIT Net Profit 11% 3% 20% 23% 17% 45% 42% 48% 32% 32% 27% Construction Industrial Services Services Concessions Urbis NOTE: Percentages are calculated over the sum of

  9. Slide 9: Consolidated Results: Consolidated balance sheet

    Consolidated Results Consolidated balance sheet Million Euro sep-04 dec-04 sep-05 Var. 05/04 Tangible fixed assets 1.791,4 1.981,0 2.255,6 +25,9 % Goodwill 1.000,4 1.012,1 1.039,1 +3,9 % Intangible assets & others 629,0 590,8 825,1 +31,2 % LT financial assets 1.812,5 1.868,1 2.542,5 +162,7 % 22% Sta

  10. Slide 10: Consolidated balance sheet evolution

    Consolidated Results Consolidated balance sheet evolution IFRS Fixed Assets 10 1, 6 % 92,6% 89,9% 97,0% 10 7 , 0 % 15 1, 0 % Goodwill Net Worth 6,9% 29,6% 20,0% 24,4% 2 1, 9 % 25,2% 27,5% 25,0% Other non current liabilities 12 , 7 % 12 , 5 % - 8,5% - 17 , 7 % - 17 , 4 % - 28,3% - 26,6% - 3 1, 4 % -

  11. Slide 11: Net debt evolution

    Consolidated Results Net debt evolution 2.600 100% 2.400 86% 2.200 2.000 72% 1.800 55% % over Net Worth 1.600 48% 46% Euro Millions 1.400 39% 35% 44% 1.200 27% 1.000 22% 27% 24% 23% 800 14% 20% 16% 600 7% 400 200 0 -12% dec-00 dec-01 dec-02 dec-03 sep-04 dec-04 sep-05 Corporate Net Debt Project Fina

  12. Slide 12: Cash flow statement

    Consolidated Results Cash flow statement Million Euro 3Q/04 3Q/05 Var. 05/04 Cash Flow from Operations 478,6 561,3 +17,3 % Working Capital (Requirements) / Excess (192,2) 212,9 n.a. Cash Flow from Operating Activities 286,4 774,2 +170,3 % Fixed assets investments (257,7) (311,0) Concessional project

  13. Slide 13: Construction: Results

    Business Lines Construction: Results Million Euro 3Q/04 3Q/05 Var. 05/04 Turnover 3.868,2 4.174,7 +7,9 % EBITDA 291,4 307,3 +5,4 % EBIT 241,1 261,7 +8,5 % Cont. Operations PBT 243,6 276,0 +13,3 % Net Profit 168,7 177,8 +5,4 % EBITDA margin 7,5% 7,4% EBIT Margin 6,2% 6,3% Net Profit Margin 4,4% 4,3%

  14. Slide 14: Construction: Sales breakdown

    Business Lines Construction: Sales breakdown Million Euro 3Q/04 3Q/05 Var. 05/04 Civil Works 2.312,4 2.460,5 +6,4 % Non residential Building 868,1 970,1 +11,7 % Residential Building 687,7 744,1 +8,2 % TOTAL 3.868,2 4.174,7 +7,9 % International 302,3 415,5 +37,4 % % 8% 10% Sales 3Q/04 Sales 3Q/05 18%

  15. Slide 15: Construction: Backlog breakdown

    Business Lines Construction: Backlog breakdown Million Euro 3Q/04 3Q/05 Var. 05/04 Civil Works 5.832,1 6.022,9 +3,3 % Non residential Building 1.571,1 1.783,9 +13,5 % Residential Building 1.116,1 1.221,2 +9,4 % TOTAL 8.519,3 9.028,0 +6,0 % International 658,0 658,1 +0,0 % % 8% 7% Backlog 3Q/04 Backl

  16. Slide 16: Industrial Services: Results

    Business Lines Industrial Services: Results Million Euro 3Q/04 3Q/05 Var. 05/04 Turnover 2.524,1 3.010,5 +19,3 % EBITDA 207,1 247,8 +19,7 % EBIT 174,4 209,4 +20,0 % Cont. Operations PBT 159,9 194,6 +21,7 % Net Profit 110,8 132,3 +19,4 % EBITDA margin 8,2% 8,2% EBIT Margin 6,9% 7,0% Net Profit Margin

  17. Slide 17: Industrial Services: Sales breakdown

    Business Lines Industrial Services: Sales breakdown Million Euro 3Q/04 3Q/05 Var. 05/04 Networks 526,3 577,4 +9,7 % Specialized Products 872,8 963,5 +10,4 % Energy Projects 659,5 932,9 +41,4 % Control Systems 465,5 536,7 +15,3 % TOTAL 2.524,1 3.010,5 +19,3 % International 746,1 961,7 +28,9 % % 30% 3

  18. Slide 18: Industrial Services: Backlog breakdown

    Business Lines Industrial Services: Backlog breakdown Million Euro 3Q/04 3Q/05 Var. 05/04 Networks 487,8 848,0 +73,8 % Specialized Products 947,5 1.279,3 +35,0 % Energy Projects 1.194,1 1.157,2 -3,1 % Control Systems 673,0 780,1 +15,9 % TOTAL 3.302,4 4.064,6 +23,1 % International 1.075,2 1.222,6 +13

  19. Slide 19: Services: Results

    Business Lines Services: Results Million Euro 3Q/04 3Q/05 Var. 05/04 Turnover 1.632,4 1.777,7 +8,9 % EBITDA 222,6 252,1 +13,3 % EBIT 120,8 148,3 +22,7 % Cont. Operations PBT 93,7 121,9 +30,0 % Net Profit 67,0 82,6 +23,2 % EBITDA margin 13,6% 14,2% EBIT Margin 7,4% 8,3% Net Profit Margin 4,1% 4,6% Ef

  20. Slide 20: Services: Sales breakdown

    Business Lines Services: Sales breakdown Million Euro 3Q/04 3Q/05 Var. 05/04 Environmental 755,3 801,1 +6,1 % Ports & Logistics 342,8 398,4 +16,2 % Passenger Transportation 128,7 137,3 +6,7 % Facility Management 405,6 440,9 +8,7 % TOTAL 1.632,4 1.777,7 +8,9 % International 162,7 163,7 +0,6 % % 10% 9

  21. Slide 21: Services: Backlog breakdown

    Business Lines Services: Backlog breakdown Million Euro 3Q/04 3Q/05 Var. 05/04 Environmental 6.494,6 7.399,6 +13,9 % Ports & Logistics 2.596,7 3.216,5 +23,9 % Passenger Transportation 1.465,7 1.337,7 -8,7 % Facility Management 637,2 502,9 -21,1 % TOTAL 11.194,2 12.456,7 +11,3 % International 1.147,5

  22. Slide 22: Concessions: Results

    Business Lines Concessions: Results Million Euro 3Q/04 3Q/05 Var. 05/04 Turnover 13,3 9,1 n.a. EBITDA 2,6 1,0 n.a. EBIT 2,5 1,2 n.a. Equity method 44,5 60,2 +35,3 % Attributable Net Profit 44,6 56,7 +27,1 % 22

  23. Slide 23: Conclusions

    Conclusions Committed to value creation Good operating performance International expansion through organic growth Shareholder value as the main target Strategic investment in Unión Fenosa Financial soundness 23

  24. Slide 24: 3Q / 2005 Results Data Conference

    3Q / 2005 Results Data Conference November 4th, 2005 24

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