Acs, Actividades De Construccion Y Servicios Sa · BME:ACS
Acs, Actividades De Construccion Y Servicios Sa — FY 2024 Earnings Presentation
33 slides from Acs, Actividades De Construccion Y Servicios Sa's earnings presentation, Feb 28, 2025
Slide 1: FY 2024 Results Presentation
FY 2024 RESULTS PRESENTATION February 28th , 2025
Slide 2: 2024 Overview
FY 2024 | Results Presentation 2024 Overview Ordinary Net Profit(1) Strong Net Net Debt position of Order backlog of Ordinary Net Profit at €684mn, up 14.0% Operating Cash Flow €0. bn, after Thiess €88.2bn, up 20% yoy, growth target in 2025 yoy, exceeding the ("NOCF”) of €2.1bn, €1.0bn net debt equi
Slide 3: P&L and operating KPIs
FY 2024 | Results Presentation P&L and operating KPIs Ordinary NPAT grows at 14% in 2024, far exceeding the guidance range set for the year of 8 – 12% Euro Million FY 2023 FY 2024 yoy yoy FX-adj. ▪ Sales grow by 16.5%, driven by strong production in strategic high-growth markets, up 21% Sales 35,738
Slide 4: Attributable Ordinary NPAT breakdown
FY 2024 | Results Presentation Attributable Ordinary NPAT breakdown Solid growth at Ordinary NPAT level, driven by strong performance in all segments Euro Million FY 2023 FY 2024 yoy yoy FX-adj. Integrated Solutions 426 536 25.8% 25.8% ▪ Turner’s Attributable NPAT grew by 45.8% to become the largest
Slide 5: Cash flow performance
FY 2024 | Results Presentation Cash flow performance Strong cash flow generation during the year Euro Million FY 2023 FY 2024 yoy ▪ Strong NOC of €2.1bn in 2024, up €1,041mn yoy: Profit Before Tax (PBT) 1,127 993 -134 (1) Non-cash extraordinary items (237) 222 +459 – Strong operating performance and
Slide 6: Financial position
FY 2024 | Results Presentation Financial position Net debt position as of December 2024 of €702mn, reflecting accounting impact of Thiess’ c.€1bn net debt consolidation Figures in millions of euros ▪ The group closed 2024 with a net debt position of €0. bn, an increase of €1.7bn since September 2024
Slide 7: Order backlog and new orders
FY 2024 | Results Presentation Order backlog and new orders Continued growth in backlog visibility and diversification towards growth markets New orders (€bn) igital Other Infrastructure % 10% nergy Natural resources % 1.2 1.2 11% 1.1 Sustainable mobility 1 % 4 .1 1. .1 Transportation €88.2bn 18% (1
Slide 8: Selection of recent significant new orders
FY 2024 | Results Presentation Selection of recent significant new orders Energy transition Digital infrastructure BHE(1) and Social Infrastructure o Western Downs Battery, design and construct Stage 2 o Meta data center >$10bn, build company‘s largest data o UC Merced, new Health & Behavioral Scien
Slide 9: Performance by Segment
FY 2024 | Presentación de Resultados FY 2024 | Results Presentation Performance by Segment 9
Slide 10: Turner
FY 2024 | Results Presentation Turner Margin expansion and new orders growing at 31% yoy support continued strong growth Euro Million FY 2023 FY 2024 yoy yoy FX-adj. ▪ Very strong PBT growth of 37% to €570mn(1), with FY sales growth of 19% and Sales 16,185 19,264 19.0% 18.6% a margin expansion EBITD
Slide 11: CIMIC
FY 2024 | Results Presentation CIMIC Leveraging energy transition and natural resources opportunities supported by strategic M&A Euro Million FY 2023 PF (1) FY 2024 yoy (4) yoy FX-adj. Sales 10,573 10,213 (3.4%) (3.0%) ▪ Following the acquisition of an additional 10% stake in Thiess for AUD 320mn EB
Slide 12: Engineering & Construction
FY 2024 | Results Presentation Engineering & Construction Solid growth in the segment driven by activity in high-growth markets Euro Million FY 2023 FY 2024 yoy yoy FX-adj. ▪ Sales increased by 6.8% yoy, driven by growth in both Dragados and HOCHTIEF Sales 8,903 9,505 6.8% 6.7% E&C's high-growth seg
Slide 13: Engineering & Construction - Dragados
FY 2024 | Results Presentation Engineering & Construction - Dragados Robust EBITDA performance on the back of Spain and the US positive trends Euro Million FY 2023 FY 2024 yoy yoy FX-adj. ▪ Sales at € . bn (up 4. %), supported by strong production in defense projects Sales 5,601 5,877 4.9% 4.9% EBIT
Slide 14: Engineering & Construction - HOCHTIEF E&C
FY 2024 | Results Presentation Engineering & Construction - HOCHTIEF E&C Strong revenue growth and order backlog Euro Million FY 2023 FY 2024 yoy yoy FX-adj. Sales 3,302 3,629 9.9% 9.7% ▪ Sales increased by 10% yoy to €3.6bn EBITDA 182 179 (1.8%) (2.0%) ▪ PBT up by the same amount to €62mn, with mar
Slide 15: Infrastructure
FY 2024 | Results Presentation Infrastructure High-quality brownfield concessions and high-growth greenfield investment platform Euro Million FY 2023 PF (1) FY 2024 PF (1) yoy Sales 97 173 77.5% ▪ Abertis had a solid top-line operational performance with revenue and EBITDA Abertis - - up 9.8% and 10
Slide 16: Infrastructure - Capital investments in greenfield projects
FY 2024 | Results Presentation Infrastructure - Capital investments in greenfield projects Solid, well-diversified order backlog of infrastructure assets worth €1.2bn and investment in Data enters and Sustainable Mobility Valuation Valuation Valuation Capital invested Capital invested Capital invest
Slide 17: Infrastructure - Abertis
FY 2024 | Results Presentation Infrastructure - Abertis Stable contribution to the Group's EBITDA and net profit on the back of strong operating performance and cash flow generation Robust operating performance (3) Euro Million FY 2023 FY 2024 PF yoy ▪ Revenues +9.8% and EBITDA +10.3% (+6% LfL) unde
Slide 18: Infrastructure - Abertis Key figures by country
FY 2024 | Results Presentation Infrastructure - Abertis Key figures by country EUROPE OVERSEAS HOLDING TOTAL € Mn France 0 Spain 0 Italy 0 USA (2) Mexico Chile Brazil Arg. Int. (3) A.Infra.(4) Total Group Km 1,769 631 236 293 1,011 412 3,193 175 152 - 7,870 Concessions 2 7 1 4 5 4 7 2 2 - 34 (1) Tra
Slide 19: Strategic guidelines
FY 2024 | Presentación de Resultados FY 2024 | Results Presentation Strategic guidelines 19
Slide 20: Strategic guidelines
FY 2024 | Results Presentation Strategic guidelines Capitalize on our global leadership position in high-growth and high-margin segments: digital infrastructure, energy, defense, mobility, BHE(1), and critical metals Incorporate specialized skills in engineering and systems to develop complementary
Slide 21: Incorporate specialized engineering and systems capabilities
FY 2024 | Results Presentation Incorporate specialized engineering and systems capabilities Acquisition strategy focused on enhancing and expanding our engineering, digital and logistics services Expanding technical expertise Systems Engineering ▪ The expansion of the group's technical capabilities
Slide 22: Investing in new generation and traditional infrastructure
FY 2024 | Results Presentation Investing in new generation and traditional infrastructure Addressing long-term megatrends such as digitalization, energy demand and demographic changes Data centers Managed Lanes ▪ Data center greenfield equity investment pipeline of: ▪ ACS's success on the SR-400 con
Slide 23: Strategic integration, rationalization and simplification
FY 2024 | Results Presentation Strategic integration, rationalization and simplification Global initiative to seek operational efficiencies through greater integration and coordination between Group companies Initiatives throughout the ACS Group ▪ The Group continues to carry out different magnitude
Slide 24: Abertis – Perpetual growth model
FY 2024 | Results Presentation Abertis – Perpetual growth model ▪ Build up of portfolios in strategic markets, leveraging existing platforms and strong relationships with grantors ▪ Objective is to extend life of portfolio, enhance geographical diversification while maintaining a balanced currency e
Slide 25: Abertis – Perpetual growth model
FY 2024 | Results Presentation Abertis – Perpetual growth model ▪ Perpetual model and financial discipline have resulted in a larger and more diversified business with less leverage ▪ Shareholders support to fund growth when needed to maintain investment-grade EBITDA replacement Portfolio average li
Slide 26: Conclusions
FY 2024 | Presentación de Resultados FY 2024 | Results Presentation Conclusions 26
Slide 27: Conclusions
FY 2024 | Results Presentation Conclusions SALES EBITDA EPS Solid operating results +16.5% +28.7% +7.8% €41,633mn €2,456mn 3.23€ NOCF Net debt Strategic investments Outstanding cash conversion and financial position to invest in future growth €2.1bn € 02mn x2 vs. 2023 0.3x EBITDA €1.1 bn Backlog of
Slide 28: Appendix
FY 2024 | Presentación de Resultados FY 2024 | Results Presentation Appendix 28
Slide 29: Comparable financial metrics
FY 2024 | Results Presentation Comparable financial metrics Ordinary Comparable PBT Ordinary Net Profit (NPAT) Ordinary Comparable EBITDA (€mn) (€mn) (€mn) +9.6% yoy +23.6% yoy +14.0% yoy 2,641 1,21 2,410 84 600 684 202 P 2024 P 202 P 2024 P 202 2024 ▪ Comparable adjustments to allow for a compariso
Slide 30: SR-400 project award
FY 2024 | Results Presentation SR-400 project award First privately managed express lane project in Georgia and a significant milestone for ACS that confirms our strong position in the transportation sector to continue pursuing the pipeline of managed lanes projects in the US Winning proposal from S
Slide 31: Infrastructure - Abertis Acquisition of Santiago – Los Vilos
FY 2024 | Results Presentation Infrastructure - Abertis Acquisition of Santiago – Los Vilos Los Vilos • Ruta 5 Santiago - Los Vilos is a highly strategic highway, with limited alternative routes, connecting Santiago with Los Vilos, representing more than half of the country's GDP Santiago - Los Vilo
Slide 32: Legal Disclaimer
FY 2024 | Presentación de Resultados FY 2024| 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
Slide 33: ACTIVIDADES DE CONSTRUCCION Y srnaos CB
ACTIVIDADES DE CONSTRUCCION Y srnaos CB ACS,
ACS, Actividades de Construcción y Servicios — FY 2024 Earnings Presentation on 6ix