Corporate Profile. Forum Economique Maroc/Portugal, 20 avril 2015 Lisbonne

Transcription

1 Corporate Profile Forum Economique Maroc/Portugal, 20 avril 2015 Lisbonne

2 Brisa Overview Strategic Vision

3 Brisa Overview Strategic Vision

4 Credentials Leading European Motorway Company Pioneer in electronic toll collection (ETC) 6 concessions in Portugal Average life of 25 years 1,557 km 24 motorways Market share of 43% (in km) International footprint NWP Concession in Colorado, USA Tolling and Mobility Services, Holland OMT Services, India End to end (full-fledged) offer World class best practices State of the Art Technology + 40 years of experience with proven results delivered 4

5 Shareholders Treasury Shares 8% Free Float (OTC) 2% José de Mello is one of Portugal's biggest corporate groups, playing a diversified role in the economy. Its competitive position rests on business platforms held by José de Mello, SGPS in: Brisa CUF José de Mello Saúde Efacec José de Mello Imobiliária 37% 53% 45% Arcus Infrastructure Partners is an independent fund specialized in European infrastructures, currently managing investments with an aggregate enterprise value of 12 billion. Arcus aims to deliver attractive returns and yield over the long term through active management of infrastructure assets throughout Europe. 100% private company 5

6 Footprint Mix of developed and emerging markets 6

7 Portfolio Brisa Parent Co Motorway Concessions O&M Services Other Infrastructures / services 100% 100% 60% 40% 40% 50% 100% 40% 16% 70% 100% 60% 45% 81% 36% 1 30% 100% 15% 1. Includes investments in road concessions and car parks in Portugal, Spain, France and Poland Complementary business units 7

8 Efficiency as a key driver for value creation Via Verde Provides Electronic Toll Collection (ETC) services to all Portuguese tolled concessions (Brisa & non Brisa) Focus on lowering cost per transaction to concessionaires 3.5 million customers +600 k transactions per day Increase number of transactions benefiting from economies of scale Augmented product and service to customers (example: car parks, gas stations, drive-thru) Strong brand equity 8

9 Streamlined Operations 9

10 Innovation & Technology R&D Network: Brisa has developed partnerships with more than 40 institutions and 60 researchers Assure the state-of-the art on technological knowledge of ITS and maximize efficiency for Brisa Concessions, growing in selected external markets Focus on value creation enhancement 10

11 Financials (Main Concession) EBITDA - Capex Debt structure (nominal) Million euros Operating income 439,6 465,5 5.9% Toll revenues % Service areas % Other operating revenues % Operating expenses % Supplies and services % Personnel costs % Million euros YE 12 YE 13 YE 14 Bonds EIB Bank facilities Total Cash Net debt Default level: 8,0 Other operating expenses % EBITDA % EBITDA Margin 72.1% 73.5% 1.4pp Capex % EBITDA - Capex % Trigger/Lock-up level: 6,5 up to 2H2013 6,25 in 1H2014 Solid financials with resilient cash-flow generation 11

12 Brisa Overview Strategic Vision

13 Strategic vision Portfolio objectives 1st level objective Value creation as the key measure to evaluate portfolio evolution Optimize current business value creation New businesses to increase portfolio s current profitability 2 nd level objective Growth as the key driver of return to shareholders Continuous business model innovation Invest in value growth options Agenda for growth with a balanced risk approach 13

14 Looking further into the future Brisa Vision 2025 Delivering efficient mobility for the people This vision is aligned with the new Mobility Era through being an: EFFICIENCY-FOCUSED SERVICE PROVIDER Be an active partner towards a sustainable transport system, pursuing a highly efficient business and in harmony with stakeholders expectations CUSTOMER CENTRIC ORGANIZATION Provide customer oriented, innovative and efficient mobility and accessibility solutions through safe, comfortable and eco-efficient transport infrastructures 14

15 Ambition with a track record of value delivered. To be continued.