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Abertis Brochure 2014 - Corporate Dossier

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Abertis Brochure 2014 - Corporate Dossier

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Abertis Brochure 2014 - Corporate Dossier

  1. 1. Commitment & delivery corporate dossier 2014
  2. 2. An efficient global company l Presence in 12 countries in Europe and the Americas l More than 8,300 kilometres of toll roads l 16,000 employees l More than 60% of revenue generated outside Spain
  3. 3. Our objectives: < Integration < Efficiency < Improved balance sheet < Streamlined portfolio < Sustainable dividend < Disciplined growth < Value creation Abertis is the international market leader in the management of toll roads and terrestrial and satellite telecommunication infrastructures. The Group, with a presence in 12 countries and over 16,000 employees, is geared towards value creation through infrastructure investments that contribute to economic and social development in these areas. Since its inception in 2003, Abertis has invested over 15,000 million euro in the countries in which it operates. Nowadays around two thirds of the Group’s revenue (62%) is generated outside Spain. Especially important in this respect are France, Brazil and Chile. Over the last four years, Abertis has doubled the number of its concessions and kilometres of toll roads managed. CONCESSIONS x2 x2 16 28 3.756 8.300 2009 2013 KILOMETRES 2009 2013 3
  4. 4. ~€3,000 M EBITDA 2013 ~€4,700 M Revenue 2013 ~€28,000 M Assets managed 2013 Abertis today
  5. 5. Canada United States Puerto Rico Colombia Brazil Chile Argentina United Kingdom Ireland France Spain Italy 5
  6. 6. Administrative bodies ~23% CRITERIA CAIXAHOLDING ~15% CVC ~18% OHL ~44% FREE FLOAT SHAREHOLDER STRUCTURE (March 2014)
  7. 7. 7 BOARD OF DIRECTORS Chairman Salvador Alemany Mas Deputy Chairmen Isidre Fainé Casas Juan Miguel Villar Mir Carmen Godia Bull Javier de Jaime Guijarro Chief Executive Officer Francisco Reynés Massanet Members Marcelino Armenter Vidal 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 Susana Gallardo Torrededia Secretary Miquel Roca Junyent Deputy Secretary Josep Maria Coronas Guinart AUDIT AND CONTROL COMMITTEE Chairman Miguel Ángel Gutiérrez Méndez Member Marcelino Armenter Vidal Carlos Colomer Casellas José Antonio Torre de Silva López de Letona Tomás García Madrid Secretary Marta Casas Caba EXECUTIVE COMMITTEE Chairman Salvador Alemany Mas Chief Executive Officer Francisco Reynés Massanet Members 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 Secretary Miquel Roca Junyent Deputy Secretary Josep Maria Coronas Guinart APPOINTMENT AND REMUNERATION COMMITTEE Chairman Mónica López-Monís Gallego Member Carmen Godia Bull Javier de Jaime Guijarro Juan Villar-Mir de Fuentes Secretary Josep Maria Coronas Guinart
  8. 8. Senior Management
  9. 9. 9 Chief Executive Officer Francisco Reynés Massanet Managing Director of Finance and Corporate Development José Aljaro Navarro Managing Director of Internal Resources and Efficiency Lluís Deulofeu Fuguet Managing Director of Autopistas España Josep Lluís Giménez Sevilla Managing Director of Sanef François Gauthey Chief Executive Officer of Arteris David Díaz Almazán Managing Director of Autopistas Chile Luis Miguel de Pablo Managing Director of telecom business Tobías Martínez Gimeno Managing Director of RoW Concessions Carlos del Río Carcaño Company Secretary Josep Maria Coronas Guinart Director of Corporate Legal Services Marta Casas Caba Director of Corporate Communication Juan María Hernández Puértolas Director of Corporate Risk Management and Internal Audits Jordi Lagares Puig Director of Corporate European Affairs, Studies and the Chairman’s Office Antoni Brunet Mauri Director of Corporate Institutional Relations, Corporate Social Responsibility and the Abertis Foundation Sergi Loughney Castells
  10. 10. Evolution 2009 – 2013
  11. 11. EBITDA 2009 vs. 2013 10% 10% Other tions Telecommunica-tions Telecommunica- 90% Toll roads Toll roads 11% 79% *Other includes Airports, Car Parks and Logistics 4,000 4,100 Cash generation Cash use Other countries Chile Brazil France 3% 2,285 6% 1% 8% SALES OF ASSETS: €4,000 M Focus on strategic assets and extracting value in minority interests. < Investment in growth Organic investment Reduction in net debt Dividends Tax 1,200 INVESTMENTS: €4,000 M Reinvestment at a higher return with discipline to create value. < REVENUE (M€ - 2009 vs. 2013) +22% 3,724 4,654 EBITDA (M€ - 2009 vs. 2013) 2,923 14% 33% Spain 39% 52% 44% CUMULATIVE CASH USES (M€ 2011 – 2013) 1,400 2,400 700 Finance expenses Sale of assets Operations and efficiencies 8,100 2,400 11
  12. 12. Toll roads 28 concessions 11 countries >8,300 kilometres
  13. 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 operation in 2012 to consolidate nine toll road concession operators in Brazil, acquired in conjunction with Brookfield Infras-tructures, and another three in Chile has made the Group into a leading international manager of high capacity main roads. 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 operates in France through sanef, which controls five of the seven roads lea-ding 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 toll road 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 on high capacity roads in Puerto Rico, Argentina, Colombia and the United Kingdom and manages electronic toll systems in Canada, Ireland and the United States. 13 Abertis is the world’s leading toll road operator < Toll roads account for 90% of revenue and EBITDA <
  14. 14. Peterborough Gloucester Sawtry Alconbury Swindon Cirencester RMG Adanero Ávila Aumar Acesa Invicat Aucat Autema Túnels Strasbourg Reims Caen Alençon Langon Pau Paris Palafolls La Jonquera Girona Lleida Castellon Valencia Alicante Bilbao Logroño Zaragoza Barcelona Tarragona Vitoria Aulesa Astorga Leon Guadalajara Segovia Madrid Navalcarnero Arganda del Rey Seville Aumar Cadiz Aumar Ciralsa Avasa Sanef Iberpistas Castellana Trados 45 Acceso de Madrid Henarsa
  15. 15. Colombia Coviandes Bogotá Villavicencio Argentina Autopistas del Oeste (geo) Ausol Coquimbo San Felipe Viña del Mar San Fernando San Isidro Buenos Aires Valparaíso Luján Buenos Aires Arecibo Dorado San Juan Vega Baja Barceloneta Manatí Vega Alta Guaynabo Cataño Bayamón Puerto Rico Apr Metropistas Santiago San Antonio La Serena Ovalle La Ligua Los Andes Colina Quillota Quilpué Chile Gesa Elqui Rutas del Pacífico Autopista Los Andes Autopista del Sol Autopista Los Libertadores Autopista Central Belo Horizonte São Carlos Brazil Autovias Centrovias Intervias Vianorte Autopista Litoral Sul Autopista Planalto Sul utopista Fluminense Autopista Fernão Dias Autopista Régis Bittencourt Ribeirão Preto São Paulo Curitiba Franca Araras Rio de Janeiro Florianapolis
  16. 16. Telecommunications 3,300 3,000 7 broadcasting towers mobile phone towers satellites
  17. 17. Abertis has positioned itself as a key operator in the telecommunications infrastructure and services industry and as a leading operator in the sate-llite broadcasting sector. TERRESTRIAL Broadcasting Abertis manages a network of 3,300 sites in Spain. The company is com-mitted to high-definition television, Premium DTT services and driving pro-ducts such as hybrid DTT and Ultra High Definition television. Towers Abertis has positioned itself as a key player in the future development of the mobile telephony sector in which it already has over 3,000 towers in Spain and Italy. Smart Cities Abertis is contributing to technological innovation through solutions ai-med at setting up smart cities with pilot schemes in cities such as Barcelo-na, London, Genoa and Bologna. SATELLITES Abertis is the majority shareholder in and operator of the Hispasat satellite company, the leader in its segment in Latin America with seven satellites in service. 17
  18. 18. Abertis on the stock exchange €3,280 M 200% +25 Dividends paid 2009 – 2013 Cumulative return since 2005 years on the stock exchange
  19. 19. Abertis has been listed on the Spanish Stock Exchange as part of the Íbex 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. The cumulative return on investment for Abertis shareholders since 2005 comes to 200%. Over recent years Abertis’s stock has easily outperformed Spain’s Ibex 35 index. Its market capitalisation has risen by 44% since 2011. 19 MARKET CAPITALISATION (M€) 2011 2012 2013 15.000 10.000 5.000 0 DIVIDENDS PAID (M€) CHANGE IN ABERTIS SHARES 443.4 +5% 1,302.9 +194% 537.8 +5% 9,576 10,120 13,817 564.6 +5% 422.3 402.2 +5% 357.5 +12% 304.0 +18% +5% 2006 2007 2008 2009 2010 2011 2012 2013 l Interim dividend l Additional dividend l Extraordinary dividend CAGR: +9.3% +44% 2009 2010 2011 2012 2013 200 150 100 50 Abertis IBEX 35 +77% +8%
  20. 20. Corporate Social Responsibility Responsabilidad l Caring for people Social l Environmental Corporativa stewardship l Promoting and spreading cultural values
  21. 21. Culture and society Sponsoring Salvador Dalí exhibitions in Paris and Madrid and refurbishing the El Mèdol Roman quarry. Road safety campaigns Programmes such as “Te queda una vida”, “Autoroute Académie” and “Cooperante viario” designed to improve the safety of drivers and pedestrians. Environment The Abertis Foundation headquarters has been chosen as one of the UNESCO Centres for studying Mediterranean Biosphere Reserves. The Abertis chairs Knowledge transfer between universities and companies with an international network of chairs in Spain, France, Chile, Puerto Rico and Brazil. CSR and non-financial reporting 21 In 2013 Abertis invested 14 million euro in environmental stewardship measurese < Abertis allocates 0.5% of its consolidated net profit to donations, partnerships and sponsorships <
  22. 22. Abertis Infraestructuras, SA 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

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