Abertis Corporate Dossier
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  • 1. 2013 corporate dossier world leader in toll roads
  • 2. An efficient global company Presence in 11 countries in Europe and the Americas More than 7,300 kilometres of toll roads More than 17,000 people in its workforce More than 60% of revenue generated outside Spain
  • 3. abertis is the world’s leading toll road management group and one of the foremost international infrastructure operators. Our inspiration: The company’s strategy centers on selective growth and is focused on those businesses in which it is able to deliver greater service to society and increase shareholder’s value. < < < < < < < < < The company’s progress is marked by a firm commitment to geographical diversification, combining a presence in stable and mature markets with growth in other developing countries. Over the last four years, abertis has doubled the number of its concessions and the amount of managed kilometres of toll roads. CONCESSIONS KILOMETRES x2 x2 16 32 2009 2012 3,756 2009 7,327 2012 T  alent A  mbition E  fficiency S  implicity T  ransformation F  ocus I nternationalisation G  rowth R  esults
  • 4. abertis today ~€4,800 M ~€3,000 M ~€29,000 M Revenue 2013E EBITDA 2013E Assets managed 2013E
  • 5. Canada United States Puerto Rico Colombia Brazil Chile Argentina United Kingdom Ireland France Spain
  • 6. Administrative bodies SHAREHOLDING STRUCTURE (March 2013)  ~23% “LA CAIXA” ~18% OHL ~15% ~44% CVC FREE FLOAT
  • 7. BOARD OF DIRECTORS Chairman 1st Vice Chairman 2nd Vice Chairman 3rd Vice Chairman 4th Vice Chairman Chief Executive Member Member Member Member Member Member Member Member Member Member Member EXECUTIVE COMMITTEE Salvador Alemany Mas Isidre Fainé Casas Juan-Miguel Villar Mir Carmen Godia Bull Javier de Jaime Guijarro Francisco Reynés Massanet Marcelino Armenter Vidal Ricardo Fornesa Ribó Juan Villar-Mir de Fuentes Carlos Colomer Casellas Miguel Ángel Gutiérrez Méndez Mónica López-Monís Gallego María Teresa Costa Campi Manuel Torreblanca Ramírez Santiago Ramírez Larrauri José Antonio Torre de Silva López de Letona Tomás García Madrid Chairman Chief Executive Member Member Member Member Member Member Member Salvador Alemany Mas Francisco Reynés Massanet Isidre Fainé Casas Juan-Miguel Villar Mir Carmen Godia Bull Javier de Jaime Guijarro Marcelino Armenter Vidal José Antonio Torre de Silva López de Letona Tomás García Madrid S ecretary, non-board member Miquel Roca Junyent Vice-secretary, non-board member Josep Maria Coronas Guinart S ecretary, non-board member Miquel Roca Junyent Vice-secretary, non-board member Josep Maria Coronas Guinart AUDIT AND CONTROL COMMITTEE Chairman Member Member Member Member Miguel Ángel Gutiérrez Méndez Marcelino Armenter Vidal Carlos Colomer Casellas José Antonio Torre de Silva López de Letona Tomás García Madrid S ecretary, non-board member Marta Casas Caba APPOINTMENT AND REMUNERATION COMMITTEE Chairman Member Member Member Member S ecretary, non-board member Ricardo Fornesa Ribó Carmen Godia Bull Javier de Jaime Guijarro Juan Villar-Mir de Fuentes Mónica López-Monís Gallego Josep Maria Coronas Guinart
  • 8. Senior management
  • 9. Chairman Salvador Alemany Mas Chief Financial and Corporate Development Officer José Aljaro Navarro Managing Director of Autopistas España Josep Lluís Giménez Sevilla Company Secretary Josep Maria Coronas Guinart Managing Director of sanef François Gauthey Director of Communication Juan María Hernández Puértolas Chief Executive Francisco Reynés Massanet Managing Director of Internal Resources and Efficiency Lluís Deulofeu Fuguet Chief Executive of arteris David Díaz Almazán Managing Director of Autopistas Chile Luis Miguel de Pablo Director of Legal Services Marta Casas Caba Director of Risks and Internal Audits Jordi Lagares Puig Managing Director of ROW Carlos del Río Carcaño Director of Studies and the Chairman’s Office Antoni Brunet Mauri Managing Director of abertis telecom Tobías Martínez Gimeno Director of Institutional Relations and the abertis foundation Sergi Loughney Castells
  • 10. Evolution 2009 - 2013
  • 11. REVENUE (€M - 2009 vs. 2013E) EBITDA (€M - 2009 vs. 2013E) EBITDA 2009 vs. 2013E 10% Other ~3,000 8% Telecommunications 11% Telecommunications 2% 2,285 3% 6% 39% 3,724 ~4,800 79% Toll roads 92% Toll roads 52% Other countries 8% Chile 16% Brazil 32% France 42% Spain *Other includes Airports, Car Parks and Logistics A new, more complex environment in 2009 meant strategy had to be redefined. < SALES OF ASSETS: €3,800 M INVESTMENTS: €4,000 M Focus on strategic assets and extracting value from minority interests. < Reinvestment at a higher return with discipline to create value. < The result: a larger, more global and efficient Group. <
  • 12. Toll roads 32 concessions 10 countries >7,300 kilometres managed
  • 13. With more than 7,300 kilometres of toll roads under its direct management, abertis is the world’s leading firm in this sector. The transaction to consolidate nine toll road concession operators in Brazil, acquired in conjunction with Brookfield Infrastructure, and another three in Chile has made the Group the leading international manager of high capacity main roads. abertis is the world’s leading toll road operator < BraZil 3,250 kilOmetrEs Through arteris the Group manages 21% of the concession toll roads in Brazil in the states of São Paulo, Minas Gerais, Río de Janeiro, Santa Catarina and Paraná. FrancE 1,761 kilOmetrEs abertis is present in France through sanef, which controls five of the seven roads leading into the Île de France and also the traffic connecting Germany, Belgium and Luxembourg to France and the United Kingdom. SPAIN 1,512 kilOmetrEs abertis is the leading operator of high capacity main roads in Spain where it covers 59% of all toll roads. It manages the country’s main corridors, including the AP-7, the AP-6, the AP-68 and the AP-2. Chile 771 kilOmetrEs Following the recent acquisition of three toll road concession operators, abertis has become the main toll road operator in the country where it manages a total of six concession operators. Rest OF THE WORLD 425 kilOmetrEs abertis also operates high capacity roads in Puerto Rico, Argentina, Colombia and the United Kingdom and manages electronic toll systems in Canada and Ireland. Toll roads account for 88% of revenue and 92% of EBITDA <
  • 14. Peterborough Gloucester Europe Sawtry United Kingdom RMG Alconbury Cirencester Swindon London Reims Strasbourg Caen France sanef Paris Alençon Langon A’liénor Pau
  • 15. acesa invicat avasa Túnels de Vallvidrera Túnel del Cadí Bilbao La Jonquera Vitoria Girona Palafolls Logroño León Lleida Astorga Barcelona Zaragoza Tarragona Segovia Adanero Ávila Navalcarnero Guadalajara Madrid Castellón Arganda del Rey Valencia Alicante Seville Cadiz Direct or shared management Other holdings
  • 16. See expansion on next page Americas San Juan Colombia Coviandes Bogotá Bogotá Villavicencio Brasilia Buenos Aires See expansion on next page See expansion on next page Santiago Argentina l autopistas del oeste (gco) l Ausol Buenos Aires San Fernando San Isidro Buenos Aires Luján Buenos Aires Direct or shared management Other holdings
  • 17. Belo Horizonte Franca Ribeirão Preto São Carlos Chile gesa l elqui l rutas del pacífico l autopista los andes l autopista del sol l autopista los libertadores l Autopista Central Araras Rio de Janeiro São Paulo La Serena Coquimbo Curitiba Brazil autovias l centrovias l intervias l vianorte l autopista litoral sul l autopista planalto sul l autopista fluminense l autopista fernão dias l autopista régis bittencourt Ovalle l Florianopolis Arecibo La Ligua San Felipe Dorado San Juan Vega Baja Barceloneta Manatí Puerto Rico l apr l metropistas Los Vilos Cataño Valparaíso Vega Alta Bayamón Viña del Mar Quillota Los Andes Quilpué Colina Guaynabo Santiago San Antonio
  • 18. Telecommunications 3,300 5,200 broadcasting towers mobile phone towers 6 satellites
  • 19. abertis has positioned itself as a key operator in the telecommunications infrastructure and services industry in Spain and as a leading international operator in the satellite broadcasting sector. Broadcasting The company is committed to high-definition television, Premium DTT services and driving products such as hybrid DTT and Ultra High Definition television. Satellites abertis is the majority shareholder in and operator of the satellite company Hispasat, the leader in its segment in Latin America with six satellites in service. Towering abertis has positioned itself as a key player in the future development of the mobile telephony sector in Spain, where it already has over 5,000 towers. Smart Cities abertis is contributing to technological innovation with solutions aimed at setting up smart cities with pilot schemes in cities such as Barcelona, London, Genoa and Bologna.
  • 20. abertis on the stock exchange €1,800 M 170% Dividends paid 2009 - 2013E Cumulative return 10 years 25 years on the stock exchange
  • 21. abertis has been listed on the Spanish Stock Exchange as part of the Ibex 35 since the latter began in 1992, and it is also on the other major international indexes such as Standard & Poor’s Europe 350, the FTSEurofirst 300 and the FTSE IIS CG. abertis’s key objectives include ensuring sustainable compensation to its shareholders based on a combination of dividend payments and a yearly bonus issue. PAID DIVIDENDS (€M) The cumulative return on abertis stock in the last ten years has come to 168.8%, including the rise in price on the stock exchange, bonus issues and dividend payments. Over the last 4 years abertis’s stock exchange performance has been much better than that of the Ibex 35: 120 1,302.9 +194% 100 80 CAGR: 402.2 +12% 422.3 +5% 2007 2008 2009 60 +5% 443.4 +5% 40 +18% l Interim dividend l Additional dividend l Extraordinary dividend January 2009september 2013 8.5% 537.8 357.5 abertis vs Ibex35 2010 2011 2012 +40%
  • 22. Corporate Social Responsibility Caring for people Environmental stewardship Promoting and spreading cultural values
  • 23. Responsible actions in 2013 • Society – “Cooperante Viario” social and occupational inclusion project • Environment – Castellet Castle, candidate to be a UNESCO Mediterranean Biosphere Reserve Centre • Culture – Refurbishment of the El Mèdol Roman quarry • Sponsorship – Salvador Dalí Exhibition in Paris and Madrid • Employees – Corporate Volunteer Day Road Safety Programme abertis runs a Road Safety Programme which aims to raise awareness about the need to improve safety for drivers and pedestrians and reduce accidents. abertis foundation abertis has the abertis foundation, whose main purpose is to study the impact of infrastructures on the ground, especially on the environment, demographics and the economy. The abertis chairs abertis promotes training, research and knowledge transfer between universities and companies • abertis-UPC Chair in Transport Infrastructure Management • abertis–IESE Chair in Regulation, Competition and Public Policy • abertis -FEDEA Chair in Infrastructure Economics • abertis Chair-École des Ponts ParisTech-IFSTT AR • abertis Chair in Transport Infrastructure Management (University of Puerto Rico) • abertis Chair in Transport Infrastructure Management (University of Chile) • Future abertis Chair in Brazil In 2012 abertis invested 15 million euros in environmental stewardship measures < abertis allocates 0.5% of its consolidated net profit to donations, partnerships and sponsorships <
  • 24. Abertis Infraestructuras S.A Avinguda del Parc Logístic, 12-20 - 08040 Barcelona Tel. +34 93 230 50 00 - Fax +34 93 230 50 01 www.abertis.com abertis on social media http://twitter.com/abertispress http://www.youtube.com/AbertisGroup http://www.flickr.com/abertis http//www.slideshare.net/abertis Content editing, production and coordination: Corporate Communication Dept. Design: gosban consultora de comunicación Printed on ecological paper