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Presentation Chairman Abertis Shareholders' General Meeting 2015 (català)

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Presentation Chairman Abertis Shareholders' General Meeting 2015 (català)

  1. 1. Salvador Alemany President
  2. 2. Changes to the Board of Directors in 2014
  3. 3. Changes to the Board of Directors in 2014 Changes to the Board of Directors in 2015
  4. 4. Pedralbes Ave No 17 Changes to the Board of Directors in 2014 Changes to the Board of Directors in 2015 New Corporate Headquarters in Barcelona
  5. 5. Changes to the Board of Directors in 2014 Changes to the Board of Directors in 2015 Code of Good Governance New Corporate Headquarters in Barcelona
  6. 6. 1. Economic context 2. Rating 2014 3. Stock market and shareholder return 4. Foundation, CSR and future challenges
  7. 7. 1. Economic context 2. Rating 2014 3. Stock market and shareholder return 4. Foundation, CSR and future challenges
  8. 8. Macroeconomic situation Spain 2014 Economic context Rating 2014 Stock market and shareholder return Foundation, CSR and future challenges +12,2%+2,1%+2,0% +1,6%
  9. 9. Unemployment Debt Exports Macroeconomic situation Spain 2014 Rating 2014 Stock market and shareholder return Economic context Foundation, CSR and future challenges Productivity
  10. 10. Macroeconomic situation European reference framework ECB Rating 2014 Stock market and shareholder return Economic context Foundation, CSR and future challenges
  11. 11. Global GDP 2013 2014 2015 GDP developed countries 2013 2014 2015 GDP Latin America 2013 2014 2015 SOURCE: IMF World Economic Outlook, January 2015 Macroeconomic situation World economy Rating 2014 Stock market and shareholder return Economic context 1.3% 1.8% 2.3% 3.3% 3.3% 3.5% 2.8% 1.2% 1.3% Foundation, CSR and future challenges
  12. 12. Macroeconomic situation Economic policy Public spending and investment Deficit in infrastructures Rating 2014 Stock market and shareholder return Economic context Foundation, CSR and future challenges
  13. 13. Macroeconomic situation Economic policy Public spending and investment Deficit in infrastructures Need for investment + social demand Rating 2014 Stock market and shareholder return Economic context Foundation, CSR and future challenges Private investment
  14. 14. Macroeconomic situation Infrastructures Investment commitment “Plan de Relance” 600M€ Extensions in concession contracts 30M€ Negotiation with the Administration 500M€ Rating 2014 Stock market and shareholder return Economic context Foundation, CSR and future challenges
  15. 15.     V.  Regulación  y  detalle Situación  en  Europa   • Implantado   peaje   veh.>   12   tn   desde   2005.   Ingresos   acumulados   de   39.000   M€   (4.500   M€/año).   A   partir   de   1/10/2015   afectará   a   veh.  De  12  a  7,5  tn.  En  discusión  aplicación   de  la  viñeta  a  veh.  Ligeros   • Peaje  en  79%  red  alta  capacidad  (9.048  km).   • Euroviñeta  desde  2016  para  veh.>  3,5  tn  con   previsión  de  ingresos  de  1.100  M€/año   Su  fundamento  en  España   • Asegurar  mantenimiento  de  la  red   • Internalizar  costes  externos  del  transporte   • Racionalizar  el  uso  de  la  red  existente   • Liberar  recursos  a  otras  prioridades  sociales   • Gestionar  la  demanda  de  tráfico Análisis  de  SEOPAN  y  resultados   • Red  de  16.455  km  (la  más  extensa  de  la  UE)   • Tarificación  por  distancia  en  todos  veh.     • Tarifas  entre  0,03  €/km  ≈  0,14  €/km   • Tecnología  DSRC   Su  aplicación  en  España   • Inversión  inicial  de  627  M€,  y  OPEX  de  247  m€/año   • Sector  transporte:  implementación  de  ayudas     • Ingresos  máximos  de  hasta  6.828  M€/año   Situación)de)pago)por)uso)de)Vías)de)Gran)Capacidad)5)VGC)5)en)Europa)(en)km) Euroviñeta Viñeta Viñeta Veh.)Pesados Veh.)Pesados Veh.)Ligeros FINLANDIA 810 Proyecto(810 0 0 0 Proy)100% ALEMANIA 12.917 12.917 0 0 0 100% AUSTRIA 1.719 1.719 0 1.719 NA 100% BELGICA 1.763 Proyecto(1.763 1.763 0 0 100% CHEQUIA 751 751 0 751 0 100% CROACIA 1.295 0 0 0 1.295 100% DINAMARCA 1.128 0 1.128 0 34 100% ESLOVAQUIA 419 0 419 419 0 100% ESLOVENIA 770 0 0 770 606 100% GRECIA NA 0 0 0 1.658 100% HOLANDA 2.631 0 2.631 2.631 20 100% HUNGRÍA 1.515 1.515 1.515 0 100% LITUANIA 309 0 309 0 0 100% LUXEMBURGO 152 0 152 0 0 100% NORUEGA 392 0 0 0 392 100% POLONIA 1.482 1.482 0 0 468 100% PORTUGAL 2.988 0 0 0 2.988 100% RUMANÍA 644 0 644 644 0 100% SERBIA NA 0 0 0 603 100% SUECIA 1.891 0 1.891 0 0 100% SUIZA 1.419 1.419 0 1.419 0 100% UK 3.685 3.685 0 0 42 100% ITALIA 6.726 0 0 0 5.714 85% FRANCIA 11.465 0 0 0 9.048 79% IRLANDA 897 0 0 0 337 38% ESPAÑA 16.583 0 0 0 3.026 18% (1)(Fuente(Eurostat (2)(Fuente(ASECAP Pais km)VGC 1 Peaje) tradicional) ( 2 ) %)VGC)con) algún)tipo)de) tarificación Macroeconomic situation SEOPAN report 18% Toll roads 16,583KM Rating 2014 Stock market and shareholder return Economic context 6,828M€ 4.  La  tarificación  por  uso  en  vías  de  alta  capacidad   Foundation, CSR and future challenges
  16. 16. 1. Economic context 2. Rating 2014 3. Stock market and shareholder return 4. Foundation, CSR and future challenges
  17. 17. Financial year 2014 Consolidated results Income +7% EBITDA +10,5% Net Profit +6% Global traffic 20072008200920102011201220132014 +2.3% Economic context Rating 2014 Stock market and shareholder return Foundation, CSR and future challenges
  18. 18. Income +7% EBITDA +10.5% Net Profit +6% 1.45 Bn€ Group Expansion Investment Financial year 2014 Consolidated results Economic context Rating 2014 Stock market and shareholder return Foundation, CSR and future challenges
  19. 19. Financial year 2014 Looking to the future 1.45 Bn€ Group Expansion Investment Motorway network Fleet of satellites Mobile telephony infrastructures Economic context Rating 2014 Stock market and shareholder return Foundation, CSR and future challenges
  20. 20. Financial year 2014 Financial strength 10 years Average maturity Investment Grade” Rating ” 1.5 Bn€ Refinancing 2014 Economic context Rating 2014 Stock market and shareholder return Foundation, CSR and future challenges
  21. 21. Financial year 2014 Looking to the future Study on stock market flotation Geographical diversification Growth in markets Focus on core activities Economic context Rating 2014 Stock market and shareholder return Foundation, CSR and future challenges
  22. 22. 1. Economic context 2. Rating 2014 3. Stock market and shareholder return 4. Foundation, CSR and future challenges
  23. 23. Stock market development Generate value Revaluation Abertis +5.68% Stock market progression 2014 90 95 100 105 110 115 90 95 100 105 110 115 Abertis Ibex 35 Revaluation IBEX 35 +3.81% Economic context Rating 2014 Stock market and shareholder return Foundation, CSR and future challenges
  24. 24. Shareholder return Ordinary dividend 0.33 on account (paid in November 2014) 1x20 Bonus share issue 0.33 supplementary (to be paid on April the 13th, 2015) 593 M€ (+5%) Ordinary dividend 0.66 €/share Economic context Rating 2014 Stock market and shareholder return Foundation, CSR and future challenges
  25. 25. Shareholder return Dividend policy Economic context Rating 2014 Stock market and shareholder return Ordinary dividend Strategic Plan 2011-2014 (M€) 2011* 2012 2013 2014 593 565 538 512 3 Bn€ 7.4% annual 15.5% annual with revaluation** **Adjusted for the bonus share issues in this period * Additionally distributed extraordinary dividends of € 800M Foundation, CSR and future challenges
  26. 26. Shareholder return Dividend policy Economic context Rating 2014 Stock market and shareholder return +5% Ampliació alliberada Plans to increase the ordinary dividend (M€) 2011 2012 2013 2014 593 565 538 512 2015E 2016E 2017E 795 721 654 +5%+5% +5% +5% Bonus share issue The Group expects to distribute +2 BnM € in dividends Foundation, CSR and future challenges
  27. 27. Shareholders Capital structure Economic context Rating 2014 Stock market and shareholder return Free Float 49% Treasury stock 1% 8,1% 19% 23% Actual Foundation, CSR and future challenges
  28. 28. 1. Economic context 2. Rating 2014 3. Stock market and shareholder return 4. Foundation, CSR and future challenges
  29. 29. Our CSR practicesEconomic context Rating 2014 Stock market and shareholder return Foundation, CSR and future challenges
  30. 30. Our CSR practicesEconomic context Rating 2014 Stock market and shareholder return Foundation, CSR and future challenges
  31. 31. Our CSR practices Road safety Environment Social and cultural action Economic context Rating 2014 Stock market and shareholder return Foundation, CSR and future challenges
  32. 32. Our CSR practicesEconomic context Rating 2014 Stock market and shareholder return Foundation, CSR and future challenges
  33. 33. Our CSR practices Road safety Economic context Rating 2014 Stock market and shareholder return Foundation, CSR and future challenges
  34. 34. Our CSR practicesEconomic context Rating 2014 Stock market and shareholder return Foundation, CSR and future challenges
  35. 35. Our CSR practicesEconomic context Rating 2014 Stock market and shareholder return Foundation, CSR and future challenges
  36. 36. Our CSR practicesEconomic context Rating 2014 Stock market and shareholder return Foundation, CSR and future challenges
  37. 37. Our CSR practicesEconomic context Rating 2014 Stock market and shareholder return Foundation, CSR and future challenges “La exposición del siglo” P A R Í S · M A D R I D · R Í O D E J A N E I R O · S Ã O P A U L O
  38. 38. Our CSR practicesEconomic context Rating 2014 Stock market and shareholder return Foundation, CSR and future challenges
  39. 39. abertis

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