sacyr.com Challenge Success
Group overview 2
Group overview We are a global group that welcomes and embraces any challenge to transform society. We work in 30 countries worldwide to improve the infrastructure and services available to citizens. Talent is the hallmark of our global team, comprising 30,000 women and men who work each and every day towards a more prosperous and sustainable world. Our commitment to innovation and international expansion has made us a benchmark company. We are listed on the Spanish stock exchange. 3
Group overview Milestones Foundation year 1986 1996 First concession awarded in Chile 2000 2004 Acquisition Public Services Somague (27%) Business + SUFI *100% - 2004 2002 Acquisition of Real Estate Business 2009 2006 2013 Stake Repsol Awarded Panama Canal expansion contract Birth of Sacyr Concesiones Change corporate Name 2014 Exit from housing Business Enhance-ment capital structure 2015 2016 Testa divestment Sacyr Industrial Sacyr Fluor / Sacyr Nervión / Isotrón Panama Canal expansion inauguration 2017 Cancellation of Repsol debt 2018 New corporate identity 4
Group overview INVESTMENT Focused on construction activities including: Civil Works Buildings Hydro projects Turnkey/EPC Top technological capacity International activity reaching 90% of the total Diversified infrastructure portfolio: Diverse assets Diverse geographic markets Combination of mature assets and concessions with upside potential 36 assets 24 years average remaining life High growth potential and increasing value Focused on public services concessions: Water, Environmental and Multiservices Stable and cash generator activity for the long run Solid portfolio of public and private contracts Track record Improving earnings and margins Focused on EPC projects related to energy, waste treatment and water: Core-business with potential upside JV with Fluor Highest technological capabilities +100 power plants +300 water plants 7.88% interest in Repsol Large potential of upside & synergies 5
Group overview Backlog 41bn total backlog 73% international International revenue backlog 66% Concessions 14% Engineering and Infrastructures Canada 6% Industrial United States Mexico Panama Ecuador Peru Bolivia Chile Colombia Cape Verde Brazil Paraguay Uruguay Ireland Spain Portugal Algeria United Kingdom Togo Angola Netherlands Italy Saudi Arabia Kuwait Mozambique Qatar Oman United Arab Emirates Australia 14% Services 6
Group overview International leader We are the first private infrastructure investor in Colombia and the 4th in Chile. In Latin America, Sacyr is the 9th infrastructure contractor, according to the international contractors ranking of the Engineering News-Record (ENR) magazine. Sacyr Concessions is the 6th largest transport infrastructure concession company in the world, as it is established by the infrastructure concession managers ranking report carried out by Public Works Financing (PWF) magazine. And Sacyr Concessions is ranked the 4th among greenfield infrastructure developers projects. Sacyr Agua/Sadyt: 6th company in the world by contracted desalinated water capacity (2006-2016): production above 2.2 million m3/day, serving more than 14.6 million people a day, according to International Desalination Association (IDA) 2006-2017 ranking. 9th largest multinational infrastructure company in Latin America 1st largest Spanish company by capacity of desalinated water and 6th in the world 6th largest concessionaire company transport infrastructure of the world 4th largest developer of greenfield projects
Group overview Key Figures Sacyr has strong international presence with high technological capacity Key financials Revenues breakdown 2017 million 2017 2016 Revenues 3,092 2,860 International 58% 52% EBITDA 423 360 Ebitda margin 13.7% 12.6% EBIT 257 208 Net profit 131 120 Backlog 41,001 25,956 Workforce 30,308 26,384 37% Engineering and Infrastructures 29% Services 18% Concessions 16% Industrial Origin of revenues 2017 EBITDA 2017 27% 2008 International 58% 2017 International 52% Concessions 21% Engineering and Infrastructures 19% Services 8% Industrial
Business areas 9
Business areas Engineering and Infrastructures Established in 1986 Sacyr Engineering and Infrastructures, is a leading infrastructure company encompassing all kind of infrastructure projects civil works,(highways, metro and railway projects, buildings, airports, ports and hydro) and buildings. Our principles are based on meeting deadlines, promoting innovation and internationalization of the construction business, building with high standards of safety and quality and respecting the environment. million 2017 REVENUE 1,225 EBITDA 93 Ebitda margin 7.6% Backlog 5,868 10
Engineering and Business areas Backlog 2017 Infrastructures By countries 5.9 bn 39% Italy 19% Colombia 10% Spain 10% Chile 6% Angola 3% Paraguay 2% Qatar 1% U.K. 2% Brasil 2% Portugal 4% Mexico 2% Peru By activity 73% Highways 14% Non residential building 6% Railways 2% Hidraulic works 1% Others 1% Residential building 1% Airports 2% Urbanizations 11
Business areas Engineering and Backlog 2017 Infrastructures By continents 5.9 bn 52% Europe 40% America 6% Africa 2% Asia Business focused on civil engineering (85% of total activity) Targeting projects with high value added (90% international) Stable margins Proven expertise in highly technical and technology-heavy projects 12
Business areas Engineering and Infrastructures Latest milestones Spain Expansion of Madrid Barajas International Airport - Terminal 4 Madrid-Barcelona-French border high-speed rail. Sants-La Sagrera tunnel Basque Country high-speed rail Extension of line 9 of the Madrid Tube System Las Pedrizas motorway Las Setas in Seville Castellana 259 B Tower in Business Area Madrid Qatar Urbanization of QEZ-1 inras Bufontas United Kingdom Second phase University of Ulster Motorway A6 Dungiven and Durmahoe Dualling, Northern Ireland Colombia Pumarejo Bridge Corridor 5 motorway Mar 1 motorway Portugal Foz de Tua dam New hospital in Braga Panama Expansion of the Panama Canal. Third set of locks Chile Americo Vespucio Oriente urban motorway Access motorway to the city of Iquique Antofagasta Hospital Mexico First stretch Line 3 of Light rail in Guadalajara Querétaro Hospital Italy Toll motorway: Pedemontana-Veneta Roma-Latina Salerno-Reggio Calabria motorway 13
Business areas Concessions Boasting over 20 years of experience and total investment commitments of 28 billion euros, we are a world-leading company in the development of greenfield projects. Our experience encompasses the management of the entire lifecycle of a concession: design, construction, financing, operation and maintenance. Today, our portfolio includes 36 concessions located in 10 countries with a highway network of 3,750 km and hospitals equipped with more than 2,500 beds, transport hubs and an airport. million 2017 REVENUE 613 Construction 257 Concessions 356 EBITDA 232 EBITDA / REVENUE 65.2% million 2017 BACKLOG 27,163 Spain 18% International 82% KM 3,755 Hospital beds 2,513 14
Business areas Concessions Mix construction/operation: 36 assets in 10 different countries 22 assets in operation Young assets with an average remaining life of 24 years Stake in Itinere (6 roads in operation) 14 assets under construction Investment under management 14 bn Spain Portugal Ireland Italy Chile Colombia Peru Uruguay Paraguay Mexico Total Toll Roads 7* 1 1 2 6 17 Payment for availability 7 4 1 1 1 1 15 2 3 1 1 7 2 2 1 1 * Note: Includes 6 Itinere toll roads in Spain 15
Business areas Concessions Aunor (51%) Pedemontana (49%) Roma Latina (49%) Viastur (70%) Palma - Manacor (40%) Hospital Tláhuac (51%) Pirámides - Tulancingo - Pachuca (51%) Vial Montes de María (100%) Desarrollo Vial al Mar (37.5%) Vial Unión del Sur (60%) Pamplona - Cúcuta (100%) Valles del Desierto (60%) Rutas del Desierto (51%) Valles del Bío Bío (51%) Ruta del Algarrobo (51%) Ruta del Limarí (51%) Vespucio Oriente (50%) Hospital Antofagasta (70%) Aeropuerto El Tepual - Puerto Montt (62,5%) Text. Assets in operation Text. Assets under construction Turia (45%) N6 (45%) Barbanza (100%) Eresma (80%) H. Vilafranca (1%) Arlanzón (55%) H. Braga (1%) H. Parla (51%) H. Haçor (1%) H. Noroeste (51%) Brisal (5%) Int. Plaza Elíptica (51%) Int. Moncloa (51%) Guadalmedina (40%) Itínere (15 %): Vial Sierra Norte (67%) Audasa (100%) AP-1 Europistas (100%) Aucalsa (100%) Rutas 2 y 7 (60%) Audenasa (50%) Corredor Vial 21 y 24 (51%) Aut. de Galicia (100%) Acega (18%) Toll roads Shadow and availability payments roads Hospitals Transport hubs Airports 16
Business areas Concessions Latest Milestones Under construction: Four roads in Colombia, one in Mexico, one in Uruguay and one in Paraguay. Total investment: 2.7 billion euro Pedemontana Veneta, motorway, Italy. Investment : 2.5 billion euro El Tepual Airport in Puerto Montt, Chile. Investment : 29 million euro Hospital Tláhuac y carretera Pirámides-Tulancingo-Pachuca, México. Investment : 175 million euro Américo Vespucio Oriente, motorway in Chile. Investment : 861 million euro Section 11 of Longitudinal de la Sierra 2 road, Peru. Investment : 343 million euro Operating: Antofagasta Hospital, Chile. 671 beds. Braga Hospital, Portugal. 705 beds. Guadalmedina motorway, Malaga, Spain. 28km. Commissioning of three motorways, Chile: Vallenar- Caldera, Accesos a Iquique and Concepción - Cabrero. Total investment: 747 million euro 17
Business areas Industrial Expertise in the engineering and construction of industrial facilities. We offer a range of highly innovative, fully-comprehensive solutions. Our human team comprises upwards of 1,300 professionals, all focused on customer satisfaction and adding value across all stages of the project. We champion environmental protection, excellence, safety and social responsibility when undertaking any work or service. million 2017 Revenue 523 EBITDA 34 Ebitda Margin 6.6% Energy & Industry EPC projects involving conventional and renewable generation plants across all technologies EPC projects involving hydroelectric power plants BOOT projects and project financing Operation and maintenance of power plants and industrial installations. World-class specialized engineering: Sacyr Fluor + 100 References in the Field of cogeneration More tan 1 million hours in operation Proprietary Engineering, With upwards of 450 professionals Power Supplied to over 2 million households 18
Business Areas Industrial Environment & Mining Engineering and EPC projects for the treatment and recovery of MSW across all technologies Arranging public-private partnerships (PPPs) to manage and recover MSW Lining and desgasification of landfill sites. Manufacture of solid recovered fuel (SRF) and energy recovery from waste EPC projects involving cement and lime plants; agreement reached with Thyssenkrupp EPC projects involving crushing and grinding systems and mineral processing. Port terminals 150 MW In MSW energy recovery 9,000 Tm/day in clinker production 43 MSW plants designed and constructed International leader In MBT and MSW recovery Electrical Infrastructures EPC projects on power transmission lines and substations up to 400kV Operation and maintenance of MV and HV grids Development of private initiatives (PPPs) BOOT projects and project financing + 8,000 km Of power lines maintained 1,400 MVA of installed capacity Substations and power lines up to 400 kv Service provided to over 900,000 people in LATAM 19
Business areas Industrial Oil & Gas Engineering and EPC projects in the refining and petrochemical industries and hydrocarbon transportation and storage LNG storage, liquefaction and regasification projects Across-the-board maintenance of refineries and storage depots: Sacyr Nervión World-class engineering prowess: Sacyr Fluor BOOT projects and project financing for terminals and pipeline Engineering capacity of 800.000 hours/year + de 6.7 million man hours without accident 1.8 million hours spent on Refinery maintenance Health and safety management With OHSAS 18001 assurance Water Design, construction and operation of water treatment plants across all technologies World-class in-house engineering: Sadyt Water treatment, purification, desalination and industrial water plants Development of public-private partnerships (PPPs) BOOT projects and project financing Ranks among the World s top 6 in seawater desalination More than 3Hm3 of water treated per day Over 300 plants designed and constructed Upwards of 250 Highly qualified and experienced workers 20
Business areas Services Established in 2004, when Sacyr decides to create an independent area focused on environmental services, full water cycle and other related activities. Sacyr Services develops a wide range of businesses, permanently focused on providing a complete service for its clients and meeting all their needs. Environment Municipal services Water Full water cycle Multiservices Facility management Home assistance million 2017 REVENUE 952 Environment 390 Water 114 Waste treatment Environmental works Water treatment plants Catering Infrastructure conservation Mining Multiservices 444 EBITDA 83 EBITDA/REVENUE 8.8% 21
Business areas Services Multiservices: Sacyr Facilities: top 10 in facility services (facility management, cleaning, comprehensive facility maintenance, energy services and support services).1st operator of integrated FM services contracts in the hospital sector. Sacyr Social: top 3 social services. Home help to more than 35,000 people with more than 8,000 workers. Manages 32 residential and day centers with more than 1,500 users. Sacyr Maintenance: over 10,000 km of roads maintained. 5th operator in Spain by revenue in infrastructure maintenance. In Chile, the largest conservation company with 4.200 Km of highways. Also operates in Peru, Mexico and Uruguay. Cafestore: 3rd largest highway food services operator in Spain. It also manages catering and food services in hospitals, nursing homes and official bodies, covering more than 4 million customers a year. Valoriza Minería: mining projects in Spain, mostly in copper, gold, tin, lithium and tungsten deposits. 22
Business areas Services Sacyr Water: +100 Reverse Osmosis plants Big BOT projects in Algeria Construction of the biggest EDR plant in the world Construction of two of the most important UF plants in the world (Australia and Israel) Full-cycle management; 9.6 million inhabitants in 6 countries: Treatment, purification, recycling 6th company in the world by contracted desalinated water capacity (2006-2016)*: production above 2.2 million m3/day, serving more than 14.6 million people a day 23
Business areas Services Sacyr Environment: Street cleaning and waste collection in Spain and Colombia. +580 districts. 1,450 hectares of green areas Parking and mobility +100,000 places. Attended citizens 5 million. Waste treatment plants management +34. Own and pioneer technology in waste treatment with activity in Spain, Australia and the USA. 24
Investments 25
Investments Sacyr as referencial shareholder of Repsol Sacyr is the secondlargest shareholder in Repsol Synergies significant High profit potential with 7.88% interest (2 Board members) million 2017 EBITDA 6,723 Net profit 2,121 26
Environment and security 27
Security At Sacyr, we strive to improve the occupational health and well-being of our workers and collaborators. We have therefore developed and set up a Health and Safety Management System compliant with international standard OHSAS 18001 and certified by an internationally renowned external organization. This system effectively ensures the proper and timely management of occupational risks and the implementation of safety and risk prevention measures, along with proper training for our workers. Meanwhile, Sacyr continues to roll out initiatives to improve the health of all our employees. We carry out R&D+i projects certified by the Spanish Innovation CertificationAgency (Agencia de Certificación en Innovación Española) as we seek to improve working conditions and employee health and safety. 28
Quality and environment Global certification across five continents with systematic : Quality: UNE-EN ISO 9001 Environment: UNE-EN ISO 14001 Sacyr assures its greenhouse gas inventory in accordance with International Standard ISAE 3410 Assurance Engagements on Greenhouse Gas Statements. Sacyr has set in place a Good Environmental Practices System, which goes beyond minimum legal, contractual and other requirements to include further actions that will ultimately enhance its environmental performance. Responsible waste management by championing reduction, reuse and recycling. 29
Corporate responsibility 30
Corporate responsibility Looking for the most valuable standards We have developed a structure of responsibilities designed to definitively implant a model of responsible management and extend it across all levels of the organization, with the ultimate aim of making corporate responsibility a central element of all management decisions. For this reason, we have set up a corporate social responsibility committee, comprising representatives from all business areas and corporate departments so as to ensure that the company is run responsibly. We rely on our CSR policy, CSR Strategic Plan and 2020 Global Enterprise Plan to help realize and accomplish our commitment to society. Both Sacyr and our Foundation collaborate with non-profit organizations and associations that work to improve local communities, including the likes of: Ayuda en Acción, Ojos de Bolivia, Fundación Chile-España, Fundación Consejo España - Colombia, Fundación Aladina, Apadrina un Árbol, SOS Aldeas Infantiles, Fundación Princesa de Asturias, Fundación Deporte y Desafío, Fundación Inserta (Fundación ONCE), Fundación Juan XXIII Roncalli, Fundación Toda Ayuda and Consejo Superior de Investigaciones Científicas. 31
Corporate responsibility Our commitment to sport At Sacyr we are passionate about sport and we seek to internalize key sporting values such as hard word, improvement, high performance and team work. We achieve this through our Club Deportivo Sacyr and by sponsoring sporting role models and accompanying them throughout their career: Spanish Handball Federation (female and male), boxer Miriam Gutiérrez and triathletes Mario Mola (world champion), Dani Molina (world champion and Paralympic triathlete) and Carolina Routier. We are also collaborating on the XVIII Mediterranean Games Tarragona 2018.
Disclaimer Sacyr, S.A. and its company group ("the Sacyr Group") is the exclusive owner of this document. This document may not be copied, distributed, divulged or published without the prior express consent of the Sacyr Group. This document does not constitute an offer or invitation to purchase or subscribe for shares under current legislation on the securities market. This document contains forward-looking statements, which may include statements as to our present intention, belief or expectations about the Sacyr Group and its management, including statements regarding trends that are affected by general economic conditions, financial ratios, the results of operations, businesses, strategies, foreign markets, cost savings, investments or dividends. These statements do not constitute assurances regarding future performance, prices, margins, exchange rates or other events, and are subject to material risks, uncertainties, changes and other factors that are beyond the control of the Sacyr Group or that are difficult to predict. The Sacyr Group undertakes no obligation to update publicly or revise the forward-looking statements, even where changes in circumstances suggest changes to projections, conditions, or future events, including, inter alia, changes in the Company's business or in its business development strategy. The contents of this disclaimer must be borne in mind by any person or entity handling this document who may be in charge of decision-making and investment. Any such person is invited to consult the documents and public information reported or filed by the Sacyr Group with the major securities markets supervisory bodies, in particular, Spain's Comisión Nacional del Mercado de Valores. The information contained in this document has not been reviewed by the auditors of the Sacyr Group. Therefore, the information is not final, and may be modified in future. 33
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