Acciona Sa · BME:ANA
Acciona Sa — Merger or Acquisition (March 2017)
12 slides from Acciona Sa's merger presentation, Mar 8, 2017
Slide 1: ACCIONA Geotech transaction presentation
jacciona Juan Muro-Lara Chief Corporate Development & IR Officer 8th March 2017
Slide 2: Executive summary
Executive summary {acciona ACCIONA has acquired Geotech Group, a successful privately-owned construction specialist in Australia. The transaction values Geotech at AU$262m! (EV) (€188m) As part of the transaction, Geotech and ACCIONA's construction pipeline in Australia? are merging to create ACCION
Slide 3: Australian Infrastructure market
3 | Australian Infrastructure market : jacciona Sizeable market Sound Infrastructure Business Drivers = Renewed government focus on infrastructure and AU$125bn? is Market Size ~ A$200bn! to be invested into new projects over the next decade ce . = Australian population to grow 26% by 2030 18% Non -
Slide 4: ACCIONA presence and projects in Australia
TOOWOOMBA SECOND RANGE CROSSING (PPP) Toowoomba LEGACY WAY BRISBANE OFFICE Brisbane BRIDGE OVER CLEARANCE RIVER Harwood WATER TREATMENT PLANT Mundaring PACIFIC HIGHWAY UPGRADE Warrell Creek to Nambucca Heads SYDNEY LIGHT RAIL (PPP) SYDNEY OFFICE Sydney PUHOI TO WARKWORTH (PPP) DESALINATION PLA
Slide 5: Transaction rationale
Transaction rationale . jacciona Australia: key strategic growth market for ACCIONA Infraestructure = Enhanced offering - access to mid-size project market (AUS60-200m) and high-margin recurring business "Scale — ability to scale up significantly in the Australian and New Zealand market, Stronger st
Slide 6: Geotech Group Overview
6 | Geotech Group Overview . {acciona Geotech Revenue! (AUSm) _ CAGR 25% — = Established in 1972, by Gerry Noonan, the Geotech Group is a leading provider of technically complex construction services in $315m $236m i $209m Australia $163m = Specific strengths in heavy & light rail infrastructure and
Slide 7: Transaction structure
Transaction structure . jacciona ACCIONA incorporates a new Australian acquisition vehicle - ACCIONA Geotech ACCIONA assigns to Acciona Geotech three projects under tender’ and undertakes that Acciona Geotech will be its sole vehicle for all future civil construction projects in Australia and New Ze
Slide 8: ACCIONA Geotech - simplified structure
ACCIONA Geotech - simplified structure jacciona Qacciona ‘ Excluded perimeter! Qacciona : ue * nee | Acciona Construction Australia® : ACCIONA = 100% ACCIONA ate Metro : : etro Melbourne : contracted backlo, << Infraestructuras t ! : (AUS1.4bn) 6 : Australia NPR Brisbane Airport : . 2 + future proje
Slide 9: Conclusions
Conclusions ; jacciona The acquisition of Geotech is a major step in accelerating ACCIONA’s ambition of becoming a Tier | player in the Australian construction market Geotech brings along a profitable and distinct construction specialist in Australia that will strengthen ACCIONA’s local footprint, p
Slide 10: Appendix
Appendix
Slide 11: Geotech Financial overview
Geotech Financial overview jacciona FY2015A FY2016A FY2017E AUS 000’ AUS 000’ AUS 000’ Revenues 209,283 236,450 314,916 EBITDA 20,792 28,285 35,435 EBITDA margin 9.9% 12.0% 11.3% EBIT 18,610 25,952 32,512 8.9% 11.0% 10.3% EBIT margin Note: Geotech financial year ends in June Source: Geotech
Slide 12: jacciona
jacciona Juan Muro-Lara Chief Corporate Development & IR Officer 8th March 2017