Presentation President Abertis Shareholders' General Meeting 20120
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Presentation President Abertis Shareholders' General Meeting 20120

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Presentation President Abertis Shareholders' General Meeting 20120 Presentation President Abertis Shareholders' General Meeting 20120 Document Transcript

  • Junta General d’Accionistes 2012Junta General de Accionistas 2012General Shareholder’s Meeting 2012 Salvador Alemany, President 1 Contents 1 Economic context 2 Financial year 2011 3 Stock market and shareholder reward 4 Opportunities for PPPs 5 CSR and Corporate Government 1
  • Junta General d’Accionistes 2012Junta General de Accionistas 2012General Shareholder’s Meeting 2012 Contents 1 Economic context 2 Financial year 2011 3 Stock market and shareholder reward 4 Opportunities for PPPs 5 CSR and Corporate Government Progression of the crisis Economic context GDP (accumulated) : SPAIN FRANCE LATAM 2007 2008 2009 2010 2011 15,0% 13.3% 5,0% 0.1% -2.3% -5,0% SPAIN FRANCE Traffic (accumulated): LATAM TOTAL ABERTIS 2007 2008 2009 2010 2011 20,0% 10,0% 15.6% 0,0% 0.9% -10,0% -8.2% -20,0% -22.4% -30,0% 2
  • Junta General d’Accionistes 2012Junta General de Accionistas 2012General Shareholder’s Meeting 2012 Progression of the crisis Economic context GDP (accumulated) : SPAIN FRANCE LATAM 2007 2008 2009 2010 2011 15,0% 13.3% Prudent when making 5,0% 0.1% investments and demanding -5,0% legal security in -2.3% Value (accumulated): SPAIN Traffic of geographicalTOTAL ABERTIS LATAM FRANCE diversification 2007 2008 2009 2010 2011 20,0% 10,0% 15.6% 0,0% 0.9% -10,0% -8.2% -20,0% -22.4% -30,0% Progression of the crisis Economic context 2011 2012 3
  • Junta General d’Accionistes 2012Junta General de Accionistas 2012General Shareholder’s Meeting 2012 Factors: Spain Economic context Improving competitiveness Consolidating the financial sector Austerity and spending adjustment Applying incentive policies Generating new resources Fostering recovery and growth Factors: Europe Economic context Greater integration of tax policy Proactive European Central Bank Reduced tensions on sovereign debt Stabilising the financial system in Europe 4
  • Junta General d’Accionistes 2012Junta General de Accionistas 2012General Shareholder’s Meeting 2012 Other factors Economic context The American economy oriented towards recovery Relative weakness of the Euro Stronger European leadership and continuity of the reforms Consolidating positive factors and recovering trust Contents 1 Economic context 2 Financial year 2011 3 Stock market and shareholder reward 4 Opportunities for PPP 5 CSR and Corporate Government 5
  • Junta General d’Accionistes 2012Junta General de Accionistas 2012General Shareholder’s Meeting 2012 A year of transformation Financial year 2011 Splitting Sale of our car parks stakeholding and logistics parks activity Important milestones Financial year 2011 PR-22 and PR-5 concession (Puerto Rico) Absorbing the impact of the analogical switch-off Recovery after extraordinary factors 2010 6
  • Junta General d’Accionistes 2012Junta General de Accionistas 2012General Shareholder’s Meeting 2012 Positive results Financial year 2011 Income 3.915 B€ EBITDA +1.9% Net result + 8.8% Profit per share 0.95€ Prudent management of the balance Financial year 2011 Debt reduced by 769 M€ Keeping the Rating S&P: BBB+ Fitch: A- The merits of the group outweigh the perception of "country risk" 7
  • Junta General d’Accionistes 2012Junta General de Accionistas 2012General Shareholder’s Meeting 2012 Contents 1 Economic context 2 Financial year 2011 3 Stock market and shareholder reward 4 Opportunities for PPPs 5 CSR and Corporate Government Stock market value Stock market and shareholder reward 140 2011 2012 120 100 80 60 40 20 ABERTIS IBEX 35 VINCI ATLANTIA BRISA Annual profitability Freefloat from the birth of abertis +13% 41% 8
  • Junta General d’Accionistes 2012Junta General de Accionistas 2012General Shareholder’s Meeting 2012 Shareholder reward Stock market and shareholder reward Ordinary dividend Extraordinary dividend plus issue premium 0.66€ / share 1.07€ / share (disbursed 2011) 0.30 on account (disbursed October 2011) 790 M€ 0.36 Complementary (payment on 12/04/2012) 1x20 512 M€ (+15%) Bonus capital increase Contents 1 Economic context 2 Financial year 2011 3 Stock market and shareholder reward 4 Opportunities for PPPs 5 CSR and Corporate Government 9
  • Junta General d’Accionistes 2012Junta General de Accionistas 2012General Shareholder’s Meeting 2012 A conditioning economic situation Opportunities for PPPs Budget difficulties of the administrations Greater demands for profitability and security Financial restrictions of projects in public and private sector An own growth model Opportunities for PPPs Value generation General Sustainable interest profitability Service to the territory Industrial sense 10
  • Junta General d’Accionistes 2012Junta General de Accionistas 2012General Shareholder’s Meeting 2012 The moment Opportunities for PPPs Combining austerity measures with incentive policies Applying cost-benefit analysis Harmonised charging Privatisation and concession of infrastructures The examples Opportunities for PPPs Charging the road network: Contributing resources to maintain the network and reduce the deficit Moving towards a homogeneous pay-per-use model Extending the concessionary model to other infrastructures 11
  • Junta General d’Accionistes 2012Junta General de Accionistas 2012General Shareholder’s Meeting 2012 Commitment to: Opportunities for PPPs Infrastructures with a high degree of socio-economic profitability Boosting economic growth and generating resources for the administrations Two factors to be combined Opportunities for PPPs Geographical diversification Significant presence in the priority countries Benchmark partner for the administrations 12
  • Junta General d’Accionistes 2012Junta General de Accionistas 2012General Shareholder’s Meeting 2012 Contents 1 Economic context 2 Financial year 2011 3 Stock market and shareholder reward 4 Opportunities for PPPs 5 CSR and Corporate Government abertis Foundation CSR and Corporate Government 13
  • Junta General d’Accionistes 2012Junta General de Accionistas 2012General Shareholder’s Meeting 2012 abertis Foundation CSR and Corporate Government Fields in which the Foundation CSR and Corporate Government is active Social action Corporate volunteer work Boosting knowledge Heritage recovery and cultural divulgation Road safety Sustainability 14
  • Junta General d’Accionistes 2012Junta General de Accionistas 2012General Shareholder’s Meeting 2012 International recognition CSR and Corporate Government Corporate Government model CSR and Corporate Government Company Administration strategy Board and supervision and President control Business CEO and management management executive functions 15
  • Junta General d’Accionistes 2012Junta General de Accionistas 2012General Shareholder’s Meeting 2012 The future depends on us History Shareholders Future vision Talent Criterion Resources Capabilities Building a project in which we have everything to gain 16