The latest Star America Capital Advisors summary of International Construction Companies. This presentation includes 1H 2017 financial highlights and news from the following contractors: Acciona, ACS, Ferrovial, OHL, Sacyr, Skanska, and Vinci.
This document contains financial projections for a startup company from 2016 to 2022, including projections for key metrics like site traffic, orders, revenue, expenses, profit/loss, cash flow, balance sheet items, and more. It shows the company expecting to grow significantly over this period, with revenue increasing from $3.8 million in 2016 to over $38 million in 2022 as site traffic, orders and the customer base all increase substantially year over year. However, early losses are projected as expenses outpace revenue, with the company reaching profitability in 2018 and profits increasing further in later years as operations scale up.
Senario Analysis for Risk management in Corporate FinanceIman Najafi
The document contains financial projections for two scenarios for a company over the period of 2011-2020. Scenario 1 projects higher revenue growth at 10% annually with higher costs of goods sold and expenses compared to Scenario 2 which projects lower revenue growth of 5-3% with lower costs. Both scenarios project capital expenditures of $15 million annually and repayment of $20 million in debt in 2013. The document also includes income statements, balance sheets, cash flow statements and other schedules to support the projections.
This document provides an analysis of The Hershey Company, including a business description, financial analysis, valuation, and conclusion. Key points include: Hershey has shown strong sales growth over the past 3 years. A DCF valuation estimates the company's fair value in the range of $100-106 per share, leading to a recommendation to hold the stock. Sensitivity analysis found Hershey's returns are correlated with market volatility but not raw material prices.
This document provides financial statements and ratios for Hansson Private Label from 2003-2007. It also includes projections for Hansson with a proposed expansion from 2009-2018. Key information includes:
- Hansson's revenue, earnings, and margins have grown from 2003-2007. Net income margin has remained steady at around 5.7%.
- Projections estimate revenue will grow from $84.96M in 2009 to $144.16M in 2018 with the expansion. Net income is estimated to grow from $2.83M to $9.56M over this period.
- The proposed expansion will require a $57.82M investment and is estimated to have a positive NPV of $36
Public Construction Company Overviews Q1 2017Jonathan Hunt
The latest in Star America Capital Advisors' summaries of U.S. based publicly traded construction companies. This presentation includes Q1 2017 financial highlights and news from the following contractors: Tutor Perini, Granite, Sterling, AECOM, Emcor, and MYR Group.
'CFO Dashboard'. Dynamic and flexible dashboard for CFO to monitor the progress of profitability, cash flow, and balance sheet indicators. Ready dashboard, just plug your data. More:https://www.bizinfograph.com/dashboard-templates/51
'CEO Dashboard'. Present monthly business performance to your CEO in a world-class, dynamic, and flexible dashboard. Ready dashboard, just plug your data. More: https://www.bizinfograph.com/dashboard-templates/50
Dynamic and flexible 'KPI Dashboard Template'. Ready dashboard template, just plug your actual data. Flexible for the organization or any department's KPI. More: https://www.bizinfograph.com/dashboard-templates/55
This document contains financial projections for a startup company from 2016 to 2022, including projections for key metrics like site traffic, orders, revenue, expenses, profit/loss, cash flow, balance sheet items, and more. It shows the company expecting to grow significantly over this period, with revenue increasing from $3.8 million in 2016 to over $38 million in 2022 as site traffic, orders and the customer base all increase substantially year over year. However, early losses are projected as expenses outpace revenue, with the company reaching profitability in 2018 and profits increasing further in later years as operations scale up.
Senario Analysis for Risk management in Corporate FinanceIman Najafi
The document contains financial projections for two scenarios for a company over the period of 2011-2020. Scenario 1 projects higher revenue growth at 10% annually with higher costs of goods sold and expenses compared to Scenario 2 which projects lower revenue growth of 5-3% with lower costs. Both scenarios project capital expenditures of $15 million annually and repayment of $20 million in debt in 2013. The document also includes income statements, balance sheets, cash flow statements and other schedules to support the projections.
This document provides an analysis of The Hershey Company, including a business description, financial analysis, valuation, and conclusion. Key points include: Hershey has shown strong sales growth over the past 3 years. A DCF valuation estimates the company's fair value in the range of $100-106 per share, leading to a recommendation to hold the stock. Sensitivity analysis found Hershey's returns are correlated with market volatility but not raw material prices.
This document provides financial statements and ratios for Hansson Private Label from 2003-2007. It also includes projections for Hansson with a proposed expansion from 2009-2018. Key information includes:
- Hansson's revenue, earnings, and margins have grown from 2003-2007. Net income margin has remained steady at around 5.7%.
- Projections estimate revenue will grow from $84.96M in 2009 to $144.16M in 2018 with the expansion. Net income is estimated to grow from $2.83M to $9.56M over this period.
- The proposed expansion will require a $57.82M investment and is estimated to have a positive NPV of $36
Public Construction Company Overviews Q1 2017Jonathan Hunt
The latest in Star America Capital Advisors' summaries of U.S. based publicly traded construction companies. This presentation includes Q1 2017 financial highlights and news from the following contractors: Tutor Perini, Granite, Sterling, AECOM, Emcor, and MYR Group.
'CFO Dashboard'. Dynamic and flexible dashboard for CFO to monitor the progress of profitability, cash flow, and balance sheet indicators. Ready dashboard, just plug your data. More:https://www.bizinfograph.com/dashboard-templates/51
'CEO Dashboard'. Present monthly business performance to your CEO in a world-class, dynamic, and flexible dashboard. Ready dashboard, just plug your data. More: https://www.bizinfograph.com/dashboard-templates/50
Dynamic and flexible 'KPI Dashboard Template'. Ready dashboard template, just plug your actual data. Flexible for the organization or any department's KPI. More: https://www.bizinfograph.com/dashboard-templates/55
'Financial Dashboard'. Dynamic and flexible dashboard for the finance team to monitor the progress of financial indicators. Ready dashboard, just plug your data. More:https://www.bizinfograph.com/dashboard-templates/52
This document presents financial ratio analyses for a company from March 2004 to March 2008. It includes various profitability, liquidity, leverage and efficiency ratios calculated on a monthly/yearly basis. Overall the company has shown growth over the years as evidenced by rising profits, higher current and quick ratios and a declining debt to equity ratio. Return on equity has also increased from around 22% in 2004 to over 24% in 2008.
This document provides financial information for Williams-Sonoma Inc. including income statements, balance sheets, and statements of cash flows for fiscal years 2011-2021. Key figures include total revenues of $5.2 billion in 2016, net income of $310 million in 2016, total current assets of $1.9 billion in 2017, total current liabilities of $1.2 billion in 2017, and property and equipment, net of $885 million in 2016. The company had $367 million in cash and cash equivalents as of the 2016 balance sheet date.
The document summarizes capital budgeting analyses for two potential new product lines for New Heritage Doll Company:
1) Match My Doll clothing line extension, which has a positive NPV of $7,150 and IRR above the company's hurdle rate, indicating it should be accepted.
2) Design Your Own Doll, which has a negative NPV without considering terminal value but a positive NPV of $7,298 and IRR of 18.33% when factoring in terminal value, suggesting it may also be worthwhile but is more marginal.
- Samsung is a large, worldwide company founded in 1938 that operates businesses in electronics, construction, and other industries.
- From 2008 to 2014, Samsung's total revenue increased from $96 billion to $196 billion, while net income increased from $4.7 billion to $22.2 billion.
- Key financial ratios such as current ratio, quick ratio, and cash ratio improved from 2008 to 2014, indicating stronger liquidity. Profitability ratios like return on assets and return on equity also increased during this period.
Horniman Horticulture, FIL 349 ( Advanced Financial Theory and Problems)CameronMcintosh8
Overview: This is a presentation on Horniman Horticulture, we have devised a Naïve and Revised forecast to extrapolate out the income statement and balance sheet from 2016 to 2018. Our presentation outlines the difference between Profits and Cash. Horniman Horticulture had high profitability but their cash balance was decreasing year-over-year. Our Revised Forecast applies our assumptions to create manageable growth without addition financing through debt or equity.
Problem: Horniman Horticulture started with a cash balance $120,000 at the end of 2012, then decreased to $9,400 at the end 2015. Cash was eroding year-over-year with no signs of stopping as the naive forecast shows they will have a negative cash balance in 2016 through 2018.
Solution/Assumption: We discovered that Horniman Horticulture was growing to fast for the business to fund its operations without debt or equity. Their cash cycle was above industry average with high receivable days, low payable days, and high inventory days. We kept payable days constant as the firm gets a 2% discount from suppliers when paid under 10 days. We increased receivable days and inventory days as they go to a more mature plant which increase gross margin. The change in cash cycle decreases revenue growth from 30% to and controllable growth of 8.3%.
This document provides snapshots of several construction companies, including Tutor Perini Corporation, Granite Construction, Inc., Sterling Construction Co., Inc., AECOM, Emcor Group, Inc., and MYR Group, Inc. It includes details on their balance sheets, income statements, recent news, conference calls, and valuation multiples. For each company, financial data from 2012-2016 is presented along with notes from recent earnings calls discussing business trends, bidding activity, and progress on key projects.
Perform due diligence using Investment Audit PowerPoint Presentation Slides. Review financial records, transactions and more with the help of due diligence report PPT slides. Fund managers, dealers, equity research analysts can avail these professionally designed investment audit PowerPoint show to make acquisitions with the buyers. Assess the total value of the company, understand company’s gross revenue, profit margins, total assets, and more by incorporating due diligence asset purchase PPT templates. Get to know about the buyer’s intellectual property, customer sales, customer focus areas, business compatibility, etc, before investing into a company. These investment audit presentation slides will help you create a contract and insurance checklist before you make a deal. Download this professionally designed investment audit PPT slides to evaluate whether the company you are investing in is viable or not. Every detail gets duly emphasized with our Investment Audit PowerPoint Presentation Slides. They enable you to give a good break down.
1. The document provides an overview and financial analysis of Reliance Communications Ltd, an Indian telecommunications company.
2. Key financial details from the profit and loss account and balance sheet for 2012-2009 are presented, including revenues, expenses, assets, liabilities, and profit/loss.
3. Financial ratios like current ratio and quick ratio are calculated for each year to analyze the company's liquidity and ability to meet short-term obligations.
The document provides projected financial statements for Ideko Corp. from 2005-2010, showing steady sales growth and increasing profitability over that period. It also includes sensitivity analyses showing the impact on EBITDA and net income from variations in market growth rates, raw material costs, and labor costs. The analysis section notes that without access to new markets or paying dividends, Ideko Corp. would need to raise $134.061 million to fund its expansion plan through 2010 based on the projections.
Micron Technology is a leading manufacturer of semiconductor memory and storage products. A leveraged buyout of Micron is proposed at an offer price of $15.31 per share for an equity purchase price of $15.88 billion. The transaction values Micron at an enterprise value of $16.41 billion. The proposed buyout is based on Micron's strong financials, potential for expense reductions and growth in emerging markets. An exit is planned for 2016 at a targeted IRR of 28.4% and 3.5x cash return.
The document is the balance sheet of Wipro Infrastructure Engineering AB as of March 31, 2010. It shows that the company had total assets of Rs. 3,837,499,823, with fixed assets accounting for Rs. 736,891,925 of this amount. Total liabilities were Rs. 1,992,491,932 in shareholder funds and Rs. 1,845,007,891 in loan funds. Net current assets were Rs. 1,826,988,211.
Cfa research presentation university at buffalo Ke Guo
The document provides an analysis of Columbus McKinnon Corporation (CMCO), a manufacturer of material handling products. Some key points:
- CMCO is the #1 manufacturer of hoists, tire shredders, cranes, and other material handling products in the US.
- Hoists make up 58.9% of revenue. CMCO has invested in R&D and acquisitions to grow.
- A DCF valuation estimates CMCO's fair value at $25.73 per share, while relative valuation estimates $23.77-$27.16 per share.
- The analysis identifies CMCO's strong market position but notes risks from competition and economic cycles.
Hindustan Construction Company (HCC) saw significant growth in key financial metrics from FY2006-07 to FY2007-08. Sales turnover increased 44% and net profit increased 37%. However, interest costs also increased substantially, lowering the net profit margin. While current assets grew 31%, current liabilities also increased 21%, reducing liquidity. HCC has higher leverage than industry averages. The management will need to focus on improving liquidity and reducing interest costs as the business model requires substantial debt for long-term infrastructure projects.
- WonderApp Ltd. is a company that provides various app-related services and products through four main offerings. It has created a 5-year financial forecast model to project its income statement, cash flows, balance sheet, funding sources and uses of funds.
- In the first 12 months, WonderApp expects to generate $638k in revenue and require $582k in total funding from a mix of equity and debt sources. It plans to use the funds for operating expenses, capital expenditures, payroll and financing costs.
- Over the 5-year forecast period, WonderApp projects its revenue to grow from $623k to $6.1m while its net profit is expected to increase from a $32k loss
Larsen & Toubro Limited (L&T) is an Indian engineering conglomerate engaged in engineering, construction, and manufacturing. The document provides an overview of L&T and the engineering industry in India. It summarizes L&T's financial performance and position, highlighting strong revenue and order inflow growth. Calculations include projected financial statements, weighted average cost of capital, discounted cash flow valuation, and target price of Rs. 2,413.60 per share for L&T.
Hindustan Construction Company (HCC) is an engineering and construction company founded in 1926. It constructs large infrastructure projects across sectors. The document analyzes HCC's financial ratios and Z-score from 2007-2009. While revenue and profits increased, debt levels also rose. The Z-score, which predicts bankruptcy risk, was above 3 in 2007 but fell to around 2.6 in 2009, indicating increased risk. Based on this analysis, the author does not recommend investing in HCC's bond issue.
The Coca-Cola Company - Financial Analysis and ProjectionsRaeann Bailey
The Coca-Cola Company is the world's largest beverage company operating in over 200 countries. In 2011, it generated $46.5 billion in net operating revenues and $8.6 billion in net income. The company owns or licenses over 500 beverage brands, including its biggest brands, Coca-Cola, Diet Coke, Fanta and Sprite. It has a large global distribution system and employs over 146,000 people worldwide. In 2010, it acquired Coca-Cola Enterprise's North American business for $12.3 billion to gain additional market share in North America.
International Contractor Overviews Q3 2017Jonathan Hunt
The latest Star America Capital Advisors summary of international construction companies. This presentation includes Q3 2017 financial highlights and news from the following contractors: Acciona, ACS, Ferrovial, OHL, Sacyr, and Skanska.
International Contractor Overviews Vol. 1Jonathan Hunt
Star America Capital Advisors have developed a database of financial highlights for major construction contractors. The following presentation is Volume 1 of our International Contractor Overview presentations. The document provides a concise financial summary of the following companies: Vinci, Skanska, Ferrovial, OHL, and Astaldi.
'Financial Dashboard'. Dynamic and flexible dashboard for the finance team to monitor the progress of financial indicators. Ready dashboard, just plug your data. More:https://www.bizinfograph.com/dashboard-templates/52
This document presents financial ratio analyses for a company from March 2004 to March 2008. It includes various profitability, liquidity, leverage and efficiency ratios calculated on a monthly/yearly basis. Overall the company has shown growth over the years as evidenced by rising profits, higher current and quick ratios and a declining debt to equity ratio. Return on equity has also increased from around 22% in 2004 to over 24% in 2008.
This document provides financial information for Williams-Sonoma Inc. including income statements, balance sheets, and statements of cash flows for fiscal years 2011-2021. Key figures include total revenues of $5.2 billion in 2016, net income of $310 million in 2016, total current assets of $1.9 billion in 2017, total current liabilities of $1.2 billion in 2017, and property and equipment, net of $885 million in 2016. The company had $367 million in cash and cash equivalents as of the 2016 balance sheet date.
The document summarizes capital budgeting analyses for two potential new product lines for New Heritage Doll Company:
1) Match My Doll clothing line extension, which has a positive NPV of $7,150 and IRR above the company's hurdle rate, indicating it should be accepted.
2) Design Your Own Doll, which has a negative NPV without considering terminal value but a positive NPV of $7,298 and IRR of 18.33% when factoring in terminal value, suggesting it may also be worthwhile but is more marginal.
- Samsung is a large, worldwide company founded in 1938 that operates businesses in electronics, construction, and other industries.
- From 2008 to 2014, Samsung's total revenue increased from $96 billion to $196 billion, while net income increased from $4.7 billion to $22.2 billion.
- Key financial ratios such as current ratio, quick ratio, and cash ratio improved from 2008 to 2014, indicating stronger liquidity. Profitability ratios like return on assets and return on equity also increased during this period.
Horniman Horticulture, FIL 349 ( Advanced Financial Theory and Problems)CameronMcintosh8
Overview: This is a presentation on Horniman Horticulture, we have devised a Naïve and Revised forecast to extrapolate out the income statement and balance sheet from 2016 to 2018. Our presentation outlines the difference between Profits and Cash. Horniman Horticulture had high profitability but their cash balance was decreasing year-over-year. Our Revised Forecast applies our assumptions to create manageable growth without addition financing through debt or equity.
Problem: Horniman Horticulture started with a cash balance $120,000 at the end of 2012, then decreased to $9,400 at the end 2015. Cash was eroding year-over-year with no signs of stopping as the naive forecast shows they will have a negative cash balance in 2016 through 2018.
Solution/Assumption: We discovered that Horniman Horticulture was growing to fast for the business to fund its operations without debt or equity. Their cash cycle was above industry average with high receivable days, low payable days, and high inventory days. We kept payable days constant as the firm gets a 2% discount from suppliers when paid under 10 days. We increased receivable days and inventory days as they go to a more mature plant which increase gross margin. The change in cash cycle decreases revenue growth from 30% to and controllable growth of 8.3%.
This document provides snapshots of several construction companies, including Tutor Perini Corporation, Granite Construction, Inc., Sterling Construction Co., Inc., AECOM, Emcor Group, Inc., and MYR Group, Inc. It includes details on their balance sheets, income statements, recent news, conference calls, and valuation multiples. For each company, financial data from 2012-2016 is presented along with notes from recent earnings calls discussing business trends, bidding activity, and progress on key projects.
Perform due diligence using Investment Audit PowerPoint Presentation Slides. Review financial records, transactions and more with the help of due diligence report PPT slides. Fund managers, dealers, equity research analysts can avail these professionally designed investment audit PowerPoint show to make acquisitions with the buyers. Assess the total value of the company, understand company’s gross revenue, profit margins, total assets, and more by incorporating due diligence asset purchase PPT templates. Get to know about the buyer’s intellectual property, customer sales, customer focus areas, business compatibility, etc, before investing into a company. These investment audit presentation slides will help you create a contract and insurance checklist before you make a deal. Download this professionally designed investment audit PPT slides to evaluate whether the company you are investing in is viable or not. Every detail gets duly emphasized with our Investment Audit PowerPoint Presentation Slides. They enable you to give a good break down.
1. The document provides an overview and financial analysis of Reliance Communications Ltd, an Indian telecommunications company.
2. Key financial details from the profit and loss account and balance sheet for 2012-2009 are presented, including revenues, expenses, assets, liabilities, and profit/loss.
3. Financial ratios like current ratio and quick ratio are calculated for each year to analyze the company's liquidity and ability to meet short-term obligations.
The document provides projected financial statements for Ideko Corp. from 2005-2010, showing steady sales growth and increasing profitability over that period. It also includes sensitivity analyses showing the impact on EBITDA and net income from variations in market growth rates, raw material costs, and labor costs. The analysis section notes that without access to new markets or paying dividends, Ideko Corp. would need to raise $134.061 million to fund its expansion plan through 2010 based on the projections.
Micron Technology is a leading manufacturer of semiconductor memory and storage products. A leveraged buyout of Micron is proposed at an offer price of $15.31 per share for an equity purchase price of $15.88 billion. The transaction values Micron at an enterprise value of $16.41 billion. The proposed buyout is based on Micron's strong financials, potential for expense reductions and growth in emerging markets. An exit is planned for 2016 at a targeted IRR of 28.4% and 3.5x cash return.
The document is the balance sheet of Wipro Infrastructure Engineering AB as of March 31, 2010. It shows that the company had total assets of Rs. 3,837,499,823, with fixed assets accounting for Rs. 736,891,925 of this amount. Total liabilities were Rs. 1,992,491,932 in shareholder funds and Rs. 1,845,007,891 in loan funds. Net current assets were Rs. 1,826,988,211.
Cfa research presentation university at buffalo Ke Guo
The document provides an analysis of Columbus McKinnon Corporation (CMCO), a manufacturer of material handling products. Some key points:
- CMCO is the #1 manufacturer of hoists, tire shredders, cranes, and other material handling products in the US.
- Hoists make up 58.9% of revenue. CMCO has invested in R&D and acquisitions to grow.
- A DCF valuation estimates CMCO's fair value at $25.73 per share, while relative valuation estimates $23.77-$27.16 per share.
- The analysis identifies CMCO's strong market position but notes risks from competition and economic cycles.
Hindustan Construction Company (HCC) saw significant growth in key financial metrics from FY2006-07 to FY2007-08. Sales turnover increased 44% and net profit increased 37%. However, interest costs also increased substantially, lowering the net profit margin. While current assets grew 31%, current liabilities also increased 21%, reducing liquidity. HCC has higher leverage than industry averages. The management will need to focus on improving liquidity and reducing interest costs as the business model requires substantial debt for long-term infrastructure projects.
- WonderApp Ltd. is a company that provides various app-related services and products through four main offerings. It has created a 5-year financial forecast model to project its income statement, cash flows, balance sheet, funding sources and uses of funds.
- In the first 12 months, WonderApp expects to generate $638k in revenue and require $582k in total funding from a mix of equity and debt sources. It plans to use the funds for operating expenses, capital expenditures, payroll and financing costs.
- Over the 5-year forecast period, WonderApp projects its revenue to grow from $623k to $6.1m while its net profit is expected to increase from a $32k loss
Larsen & Toubro Limited (L&T) is an Indian engineering conglomerate engaged in engineering, construction, and manufacturing. The document provides an overview of L&T and the engineering industry in India. It summarizes L&T's financial performance and position, highlighting strong revenue and order inflow growth. Calculations include projected financial statements, weighted average cost of capital, discounted cash flow valuation, and target price of Rs. 2,413.60 per share for L&T.
Hindustan Construction Company (HCC) is an engineering and construction company founded in 1926. It constructs large infrastructure projects across sectors. The document analyzes HCC's financial ratios and Z-score from 2007-2009. While revenue and profits increased, debt levels also rose. The Z-score, which predicts bankruptcy risk, was above 3 in 2007 but fell to around 2.6 in 2009, indicating increased risk. Based on this analysis, the author does not recommend investing in HCC's bond issue.
The Coca-Cola Company - Financial Analysis and ProjectionsRaeann Bailey
The Coca-Cola Company is the world's largest beverage company operating in over 200 countries. In 2011, it generated $46.5 billion in net operating revenues and $8.6 billion in net income. The company owns or licenses over 500 beverage brands, including its biggest brands, Coca-Cola, Diet Coke, Fanta and Sprite. It has a large global distribution system and employs over 146,000 people worldwide. In 2010, it acquired Coca-Cola Enterprise's North American business for $12.3 billion to gain additional market share in North America.
International Contractor Overviews Q3 2017Jonathan Hunt
The latest Star America Capital Advisors summary of international construction companies. This presentation includes Q3 2017 financial highlights and news from the following contractors: Acciona, ACS, Ferrovial, OHL, Sacyr, and Skanska.
International Contractor Overviews Vol. 1Jonathan Hunt
Star America Capital Advisors have developed a database of financial highlights for major construction contractors. The following presentation is Volume 1 of our International Contractor Overview presentations. The document provides a concise financial summary of the following companies: Vinci, Skanska, Ferrovial, OHL, and Astaldi.
Public Construction Company Overviews 1H 2017Jonathan Hunt
The latest Star America Capital Advisors summary of U.S. based publicly traded construction companies. This presentation includes Q1 2017 financial highlights and news from the following contractors: Tutor Perini, Granite, Sterling, AECOM, Emcor, MYR Group, and Orion Group Holdings.
Star America Capital Advisors have developed a succinct summary of publicly traded construction companies based in the United States. The following presentation summarizes financial highlights of the following U.S. based contractors: Tutor Perini, Granite, Sterling, AECOM, Emcor, and MYR Group.
Investment In Business Assets PowerPoint Presentation SlidesSlideTeam
The document discusses investment in business assets and capital budgeting. It includes tables analyzing the composition of assets and liabilities, fixed capital, current cost analysis of fixed assets, ratio analysis, cash flow, four stages of return on investment models, ROI calculations, payback period analysis, and NPV analysis. The document provides financial information and performance metrics for evaluating different investment projects and assets.
Fixed Capital Analysis PowerPoint Presentation SlidesSlideTeam
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Fixed Capital Evaluation PowerPoint Presentation SlidesSlideTeam
Presenting this set of slides with name - Fixed Capital Evaluation Powerpoint Presentation Slides. This complete deck is oriented to make sure you do not lag in your presentations. Our creatively crafted slides come with apt research and planning. This exclusive deck with fourty slides is here to help you to strategize, plan, analyse, or segment the topic with clear understanding and apprehension. Utilize ready to use presentation slides on Fixed Capital Evaluation Powerpoint Presentation Slides with all sorts of editable templates, charts and graphs, overviews, analysis templates. It is usable for marking important decisions and covering critical issues. Display and present all possible kinds of underlying nuances, progress factors for an all inclusive presentation for the teams. This presentation deck can be used by all professionals, managers, individuals, internal external teams involved in any company organization.
Presenting this set of slides with name - Fixed Investment Evaluation Powerpoint Presentation Slides. Our topic specific Fixed Investment Evaluation Powerpoint Presentation Slides presentation deck contains thirtynine slides to formulate the topic with a sound understanding. This PPT deck is what you can bank upon. With diverse and professional slides at your side, worry the least for a powerpack presentation. A range of editable and ready to use slides with all sorts of relevant charts and graphs, overviews, topics subtopics templates, and analysis templates makes it all the more worth. This deck displays creative and professional looking slides of all sorts. Whether you are a member of an assigned team or a designated official on the look out for impacting slides, it caters to every professional field.
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Public Construction Company Overviews Q3 2017Jonathan Hunt
The latest Star America Capital Advisors summary of U.S. based publicly traded construction companies. This presentation includes Q3 2017 financial highlights and news from the following contractors: Tutor Perini, Granite, Sterling, AECOM, Emcor, MYR Group, and Orion Group Holdings.
This document provides quarterly and annual financial data for Adobe for fiscal years 2017 through the first two quarters of fiscal year 2019. It includes information on revenue, operating expenses, operating income, net income, and other financial metrics. Revenue grew each year, with total revenue reaching $9.03 billion in FY2018. Digital Media was the largest segment each year, accounting for 69-70% of total revenue.
'Cash Flow Dashboard'. Keep focusing on the indicators that matter to your cash flow management. Dynamic and flexible dashboard, just plug your data. More:https://www.bizinfograph.com/dashboard-templates/53
The document provides a market report from NAI Wisinski of West Michigan summarizing commercial real estate trends in the West Michigan area for the fourth quarter of 2016. It includes statistics on industrial, office, and retail properties such as construction levels, vacancy rates, asking rental rates, and net absorption. Real estate transactions completed in the fourth quarter of 2016 are also listed.
Presenting this set of slides with name - Fixed Assets Turnover Powerpoint Presentation Slides. This PPT deck displays thirtynine slides with in depth research. Our topic oriented Fixed Assets Turnover Powerpoint Presentation Slides presentation deck is a helpful tool to plan, prepare, document and analyse the topic with a clear approach. We provide a ready to use deck with all sorts of relevant topics subtopics templates, charts and graphs, overviews, analysis templates. Outline all the important aspects without any hassle. It showcases of all kind of editable templates infographs for an inclusive and comprehensive Fixed Assets Turnover Powerpoint Presentation Slides presentation. Professionals, managers, individual and team involved in any company organization from any field can use them as per requirement.
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This document provides financial information for Devon Energy Corp for the years ending 31 December 2014, 2013 and 2012. It includes balance sheets, income statements and statements of cash flows. The balance sheet shows the company had total assets of $50.6 billion in 2014 compared to $42.9 billion in 2013. Net income increased to $1.6 billion in 2014 from a net loss of $20 million in 2013. Cash flow from operations was negative $8.2 billion in 2014 compared to negative $4 billion in 2013.
- Extra Space Storage is the second largest self-storage operator and largest self-storage management company in the US.
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International Contractor Overviews Q2 2017
1. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 1
International Company Overviews
1H 2017
Company Comparison……………………………………………………….…………………………………..…Page 2
Acciona, S.A.….…………………………………………….………………………………….…………………….Page 3-6
Grupo ACS (ACS)……..……................................................................................................................…Page 7-10
Ferrovial……..…….....................................................................................................................................Page 11-14
OHL…..……..............................................................................................................................................…Page 15-18
Sacyr Vallehermoso, S.A. (Sacyr)………………..…………….................................................……Page 19-22
Skanska………………………………...…………………………..…………………………………………...…Page 23-26
Vinci……………………………………...…………………………..…………………………………………...…Page 27-30
Services Overview – Star America………………………………………………………..…………….…..Page 31
WWW.STARAMERICAP.COM
Strict Focus on Infrastructure
• Management has years of
experience advising clients in the
Infrastructure Industry
• Unique experience as a partner
and advisor to many of the largest
U.S. Based and International
clients
Corporate Advisory Services
• Buy Side M&A Services
• Sell Side M&A Services
• Strategic Consulting
• Financial Analysis &
Restructuring
• Executive Placement
Project Advisory Services
• DBF Advisory Services
• Project Finance Advisory
• Project team development
services
• Outsourced Business
Development
• Subcontractor vetting & analysis
services
About Star America
2. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 2
€ Millions € Millions € Millions € Millions € Millions SEK Millions € Millions
Operating Metrics*
LTM Revenue 6,520 33,670 12,128 4,512 3,072 148,744 39,583
Operating Income Margin 6.0% 4.0% 9.7% 3.6% 7.4% 4.0% 10.8%
EBITDA Margin 19.1% 6.4% 13.6% 7.9% 12.5% 5.3% 16.0%
Construction Backlog 17,677 65,199 31,611 70,823 30,164 202,200 30,700
Construction Backlog Months 32.5x 23.2x 31.3x 188.4x 117.8x 16.3x 9.3x
Construction Book-To-Bill 1.2x 1.1x 0.6x (0.8x) 2.2x 1.2x 1.0x
Enterprise Value 10,280 14,985 19,141 6,119 4,560 82,961 62,342
Market Cap. 4,245 10,302 13,757 1,050 1,160 75,627 45,613
Trading Metrics**
Enterprise Value-To-Revenue 1.6x 0.4x 1.6x 1.4x 1.5x 0.6x 1.6x
Enterprise Value-To-EBITDA 8.2x 6.8x 11.7x 17.2x 11.8x 10.3x 9.9x
Price-To-Book 1.1x 2.0x 2.0x 0.2x 0.6x 2.6x 2.7x
Company Comparison
* Operating Metrics based on 6/30/17
** Trading Metrics based on 30 day average as of 8/23/17
WWW.STARAMERICAP.COM
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
Acciona ACS Ferrovial OHL Sacyr Skanska Vinci
Operating Income Margin EBITDA Margin
3. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 3
Company Snapshot - Acciona
Price/ Volume
Valuation Multiples
30-Day Avg. Share Price (as of 9/8/17) 72.40
52-Week High 82.84
52-Week Low 60.61
Market Cap 4,145,324
Total Debt 6,991,000
Minority Interest 248,000
Total Cash 1,204,000
Enterprise Value 10,180,324
Book Value 3,922,000
Goodwill & Intangibles 536,105
Tangible Book Value 3,385,895
(In € Millions) 2012 2013 2014 2015 2016
Total Revenue 7,015 6,607 6,498 6,543 5,977
Income Overview
2014 2015 2016 2Q2017
Backlog (€ Millions) 15,051 10,258 18,609 17,677
Backlog Months 27.8x 18.8x 37.4x 32.5x
Book-To-Bill 0.9x 0.3x 2.4x 1.2x
Enterprise Value / Revenue 1.5x 1.5x 1.6x 1.6x
Enterprise Value / EBITDA 9.0x 8.3x 8.2x 8.2x
Enterprise Value / EBIT 17.2x 15.6x 9.9x 26.1x
Price / Earnings 19.1x 16.7x 11.2x N/A
Price / Book Value 1.1x 1.0x 1.0x 1.1x
Price / Tangible Book Value 1.2x 1.3x 1.2x 1.2x
Valuation ( € '000s, except per share data )
FX Rate as of 9/8/17: USD to Euro 0.83491
-40.0%
-20.0%
0.0%
20.0%
40.0%
-2,000,000
-1,000,000
0
1,000,000
2,000,000
2012 2013 2014 2015 2016
Operating Income EBITDA Operating Margin (RHS)` EBITDA Margin (RHS)
63.03
71.62
0
100
200
300
400
500
600
700
0 €
10 €
20 €
30 €
40 €
50 €
60 €
70 €
80 €
90 €
100 €
12-Sep-16
26-Sep-16
10-Oct-16
24-Oct-16
7-Nov-16
21-Nov-16
5-Dec-16
19-Dec-16
2-Jan-17
16-Jan-17
30-Jan-17
13-Feb-17
27-Feb-17
13-Mar-17
27-Mar-17
10-Apr-17
24-Apr-17
8-May-17
22-May-17
5-Jun-17
19-Jun-17
3-Jul-17
17-Jul-17
31-Jul-17
14-Aug-17
28-Aug-17
Daily Volume, '000s (RHS) Share Price Vol., 30-Day Avg., '000s (RHS)
4. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 4
Balance Sheet
Balance Sheet
(In € ‘000s) 2014 2015 2016 2Q 2017
Assets:
Cash 1,326,812 1,460,173 1,428,319 1,204,000
Other Trade Receivables 1,940,034 1,612,418 1,723,658 1,869,000
Assets Held for Sale 412,137 431,061 327,161 649,000
Other Current Assets 1,692,776 1,389,019 1,244,222 1,402,000
Total Current Assets 5,371,759 4,892,671 4,723,360 5,124,000
Property, Plant & Equipment 8,012,540 7,664,187 7,965,873 9,469,000
Goodwill & Intangibles 212,965 692,917 536,105 536,105
Other Assets 2,155,766 2,118,728 3,021,605 2,278,895
Total Assets 16,143,180 15,777,617 17,407,764 17,408,000
Liabilities:
Total Current Borrowings 1,071,817 1,137,141 1,168,506 1,575,000
Accounts Payable 2,558,228 2,024,533 2,297,429 2,206,000
Liabilities Held for Sale 321,419 420,066 186,150 280,000
Other Current Liabilities 659,623 538,531 818,992 410,000
Total Current Liabilities 4,611,087 4,120,271 4,471,077 4,471,000
Total Long-Term Borrowings 5,917,932 5,895,023 5,602,261 5,416,000
Other Liabilities 2,000,674 2,008,178 3,237,080 3,599,000
Total Liabilities 12,529,693 12,023,472 13,310,418 13,486,000
Total Shareholders' Equity: 3,613,487 3,754,145 4,097,346 3,922,000
Total Liabilities & Shareholders' Equity 16,143,180 15,777,617 17,407,764 17,408,000
Total Debt 6,989,749 7,032,164 6,770,767 6,991,000
Net Debt 5,662,937 5,571,991 5,342,448 5,787,000
Backlog 15,051,000 10,258,000 18,609,000 17,677,000
Construction Backlog 5,693,000 6,722,000 8,140,000 7,285,000
Water Backlog 9,358,000 3,536,000 10,469,000 10,392,000
6. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 6
Recent News
May 18, 2017: Acciona’s Chairman, José Manuel Entrecanales said that the next
phase of the company’s growth will be based on selective bidding for projects that
guarantee margins and returns, coupled with a move into new markets that offer
opportunities in its two business areas, renewable energy and infrastructure.
May 9, 2017: Acciona Agua, in an equal partnership with Brazilian company GEL, has
won a €28.6MM design-build-assist contract for operating a waste water treatment
system in Santa Cruz do Capibaribe, Brazil. Acciona will build a waste water
treatment plant capable of processing 400 liters per second, potentially catering for a
population of up to 197,000.
May 3, 2017: Acciona has been awarded two DBFOM contracts worth €300MM for
two potable water plants in Colón, Panama. The two plants will produce over 250,000
m3 and contribute to enhancing the supply of drinking water to the country’s urban
dwellers, which is one of the main goals of the “Water for All” National Water Security
Plan.
April 27, 2017: Acciona Energy, inaugurated the 93-MW San Roman Wind Farm in
Texas. Sam Roman will produce enough energy to power more than 30,000 homes
in Southeast Texas.
7. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 7
Company Snapshot - ACS
Price/ Volume
Valuation Multiples
30-Day Avg. Share Price (as of 9/8/17) 31.99
52-Week High 36.49
52-Week Low 24.34
Market Cap 10,065,452
Total Debt 8,624,000
Minority Interests 1,352,000
Total Cash 5,293,000
Enterprise Value 14,748,452
Book Value 5,018,000
Goodwill & Intangibles 3,691,448
Tangible Book Value 1,326,552
(In € Millions) 2012 2013 2014 2015 2016
Total Revenue 38,396 38,372 34,880 33,291 31,975
Income Overview
2014 2015 2016 2Q2017
Backlog (€ Millions) 63,871 58,942 66,526 65,199
Backlog Months 22.0x 21.2x 25.0x 23.2x
Book-To-Bill 1.0x 0.9x 1.2x 1.1x
Enterprise Value / Revenue 0.6x 0.4x 0.4x 0.4x
Enterprise Value / EBITDA 10.8x 6.5x 6.9x 6.8x
Enterprise Value / EBIT 20.1x 12.8x 11.3x 11.0x
Price / Earnings 8.3x 6.9x 9.2x 9.3x
Price / Book Value 2.1x 1.4x 1.9x 2.0x
Price / Tangible Book Value 15.0x 6.2x 6.7x 7.6x
0.0%
5.0%
10.0%
0
1,000,000
2,000,000
3,000,000
4,000,000
2012 2013 2014 2015 2016
Operating Income EBITDA Operating Income Margin (RHS)` EBITDA Margin (RHS)
Valuation ( € '000s, except per share data )
24.96
31.82
0
5,000
10,000
15,000
20,000
25,000
0 €
5 €
10 €
15 €
20 €
25 €
30 €
35 €
40 €
9-Sep-16
23-Sep-16
7-Oct-16
21-Oct-16
4-Nov-16
18-Nov-16
2-Dec-16
16-Dec-16
30-Dec-16
13-Jan-17
27-Jan-17
10-Feb-17
24-Feb-17
10-Mar-17
24-Mar-17
7-Apr-17
21-Apr-17
5-May-17
19-May-17
2-Jun-17
16-Jun-17
30-Jun-17
14-Jul-17
28-Jul-17
11-Aug-17
25-Aug-17
8-Sep-17
Daily Volume, '000s (RHS) Share Price Vol., 30-Day Rolling Avg., '000s (RHS)
FX Rate as of 9/8/17: USD to Euro 0.83491
8. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 8
Balance Sheet
Balance Sheet
(In € ‘000s) 2014 2015 2016 2Q 2017
Assets:
Cash & Equivalents 5,167,139 5,803,708 5,654,778 5,293,000
Accounts Receivables 12,719,329 10,915,856 10,987,876 10,985,000
Other Current Assets 7,433,391 4,780,996 4,091,129 3,683,000
Total Current Assets 25,319,859 21,500,560 20,733,783 19,961,000
Property, Plant & Equipment 2,499,928 2,320,355 1,760,014 1,718,000
Goodwill & Intangibles 4,208,767 4,034,482 3,577,316 3,691,448
Concessions 1,164,499 1,116,147 674,552 674,552
Investments in Associates 1,231,256 1,906,898 1,532,300 1,460,000
Other Assets 4,896,426 4,401,386 5,095,301 4,554,000
Total Assets 39,320,735 35,279,828 33,373,266 32,059,000
Liabilities:
Concession Borrowings 6,203,509 3,362,744 3,885,591 3,527,000
Other Payables 13,962,196 13,922,567 14,823,117 14,291,000
Concession Provisions 1,011,664 1,011,664 1,019,045 950,000
Other Current Liabilities 3,710,525 1,096,160 729,241 357,000
Total Current Liabilities 24,887,894 19,393,135 20,456,994 19,125,000
Total Long-Term Borrowings 6,090,901 7,382,116 4,906,844 5,097,000
Other Liabilities 3,444,052 3,307,308 3,027,491 2,819,000
Total Liabilities 34,422,847 30,082,559 28,391,329 27,041,000
Total Shareholders' Equity: 4,897,888 5,197,269 4,981,937 5,018,000
Total Liabilities & Shareholders' Equity 39,320,735 35,279,828 33,373,266 32,059,000
Working Capital Ratio 1.02 1.11 1.01 1.04
Total Debt 12,294,410 10,744,860 8,792,435 8,624,000
Net Debt 7,127,271 4,941,152 3,137,657 3,331,000
Backlog 63,871,044 58,942,000 66,526,000 65,199,000
10. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 10
Recent News
Aug. 11, 2017: ACS’s subsidiary, CPB Contractors, has been selected by ōtākaro
limited to design and construct the Christchurch Convention and Exhibit Centre in
New Zealand. The contract will generate revenues of approximately NZ$240MM.
Once completed, the Centre is expected to host up to 2,000 delegates and
construction works include delivery of a 1,400 delegate auditorium, 3,600 Sq. Meter
exhibition hall and 1,600 Sq. Meters in meetings rooms, as well as associated food
and beverage and retail amenities. Construction is scheduled to commence in
October 2017 and completed by earl y 2020.
Aug. 10, 2017: Hochtief, an ACS subsidiary, has refinanced a long-term syndicated
credit facility in the amount of €1.7B. With an international banking syndicate, the
Group agreed to a facility with a tenor of five years and extension options of up to two
more years. Of the total amount, €1.2B are guaranteed facilities and €0.5B cash
facilities at significantly improved terms. The early refinancing of the loan, which
expired in 2019, was well received on the international banking market and the
interest rate was helped along by both the continuously good market environment and
the investment grade rating Hochtief received in May 2017 (BBB by S&P).
May 16, 2017: ACS’s subsidiary, CPB Contractors, will deliver the second and final
phase of the NZ Transport Agency project, State Highway 2 Baypark upgrade in
Tauranga, New Zealand. The design and construct contract will generate ~€50MM
and work will include the building of two flyovers and is scheduled to commence
immediately and conclude in 2020.
11. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 11
Company Snapshot - Ferrovial
Price/ Volume
Valuation Multiples
30-Day Avg. Share Price (as of 9/8/17) 18.67
52-Week High 20.75
52-Week Low 16.04
Market Cap 13,880,414
Total Debt 8,371,000
Minority Interest 733,000
Cash 3,720,000
Enterprise Value 19,264,414
Book Value 7,084,000
Goodwill & Intangibles 2,605,000
Tangible Book Value 4,479,000
(In € Millions) 2012 2013 2014 2015 2016
Total Revenue 7,647 8,176 8,810 9,709 10,765
Income Overview
2014 2015 2016 2Q2017
Backlog (€ Millions) 30,460 31,531 33,519 33,611
Backlog Months 41.5x 39.0x 37.4x 31.3x
Book-To-Bill 1.5x 1.1x 1.2x 0.6x
Enterprise Value / Revenue 2.0x 2.0x 1.6x 1.6x
Enterprise Value / EBITDA 18.0x 15.4x 10.6x 11.7x
Enterprise Value / EBIT 24.0x 22.1x 18.3x 16.4x
Price / Earnings 31.8x 23.9x 32.3x 45.0x
Price / Book Value 1.6x 2.0x 1.7x 2.0x
Price / Tangible Book Value 2.3x 2.7x 2.6x 3.1x
0.0%
5.0%
10.0%
15.0%
0
500
1,000
1,500
2,000
2012 2013 2014 2015 2016
Gross Profit EBITDA Gross Profit Margin (RHS)` EBITDA Margin (RHS)
Valuation ( € '000s, except per share data )
17.72
19.25
0
2,000
4,000
6,000
8,000
10,000
12,000
0 €
5 €
10 €
15 €
20 €
25 €
12-Sep-16
26-Sep-16
10-Oct-16
24-Oct-16
7-Nov-16
21-Nov-16
5-Dec-16
19-Dec-16
2-Jan-17
16-Jan-17
30-Jan-17
13-Feb-17
27-Feb-17
13-Mar-17
27-Mar-17
10-Apr-17
24-Apr-17
8-May-17
22-May-17
5-Jun-17
19-Jun-17
3-Jul-17
17-Jul-17
31-Jul-17
14-Aug-17
28-Aug-17
Daily Volume, '000s (RHS) Share Price Vol., 30-Day Rolling Avg., '000s (RHS)
FX Rate as of 9/8/17: USD to Euro 0.83491
12. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 12
Balance Sheet
Balance Sheet
(In € Millions) 2014 2015 2016 2Q 2017
Assets:
Unrestricted Cash 3,043 2,973 3,516 3,720
Restricted & Other Infrastructure Cash 396 306 62 53
Trade and Other Receivables 2,170 2,320 2,822 2,888
Other Current Assets 437 546 721 827
Assets Held for Sale 2 2,418 624 258
Total Current Assets 6,048 8,563 7,745 7,746
Investments in Infrastructure Projects 10,757 8,544 7,145 6,970
Infrastructure Investments Under Equity Method (Note 3) 3,251 3,121 2,874 2,784
Goodwill & Intangibles 2,205 2,119 2,699 2,605
Restricted Cash Related to Infrastructure 405 261 249 258
Other Assets 2,807 2,776 2,711 2,543
Total Assets 25,473 25,384 23,423 22,906
Liabilities:
Total Current Borrowings 1,368 1,385 302 319
Related to Infrastructure Projects 1,276 1,297 200 200
Non-Infrastructure Related 92 88 102 119
Other Trade Payables 2,665 2,665 2,299 2,346
Operating Provisions 503 622 715 767
Other Current Liabilities 899 1,080 1,814 1,752
Liabilities Classified as held for sale - 2,690 440 188
Total Current Liabilities 5,435 8,442 5,570 5,372
Total Long-Term Borrowings 8,706 6,696 7,874 8,052
Related to Infrastructure Projects 7,331 5,320 5,310 5,193
Non-Infrastructure Project 1,375 1,376 2,564 2,859
Infrastructure Related Provisions 1,378 838 757 747
Other Liabilities 2,946 1,779 1,790 1,651
Total Liabilities 18,465 17,755 15,991 15,822
Total Shareholders' Equity: 7,008 7,629 7,432 7,084
Total Liabilities & Shareholders' Equity 25,473 25,384 23,423 22,906
Working Capital Ratio 1.11 1.01 1.39 1.44
Total Debt 10,074 8,081 8,176 8,371
Net Debt 6,230 4,541 4,349 4,340
Backlog 30,460 31,531 34,682 31,611
Services 22,369 22,800 25,195 22,211
Construction 8,091 8,731 9,487 9,400
13. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 13
Income Statement
Ferrovial Group Operations
Ferrovial Group Historical Income Statement
LTM Half-Year Results
(In € '000s) 2014 2015 2016 1H 2017 1H 2016 1H 2017
Revenues 8,810 9,709 10,765 12,128 4,699 6,062
Operating Income (Loss) 743 901 926 1,178 305 557
Margin (%) 8.4% 9.3% 8.6% 9.7% 6.5% 9.2%
EBITDA (Adjusted) 992 1,288 1,598 1,646 421 469
Margin (%) 11.3% 13.3% 7.9% 7.9% 9.0% 7.7%
Net Income (Loss) 402 720 376 427 189 240
Margin (%) 4.6% 7.4% 3.5% 3.5% 4.0% 4.0%
Ferrovial Construction Operations
Webber Construction Historical Income Statement
LTM Half Year Results
(In € '000s) 2014 2015 2016 1H 2017 1H 2016 1H 2017
Total Revenue 673 643 708 751 334 377
Operating Income (Loss) 59 89 44 33 28 17
Margin (%) 8.8% 13.8% 6.2% 4.4% 8.4% 4.5%
EBIT 52 81 36 24 24 12
Margin (%) 7.7% 12.6% 5.1% 3.2% 7.2% 3.2%
14. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 14
Recent Global News
Aug. 25, 2017: Ferrovial Airports has signed the contract for remodelling and
commercial operations of the Jeppesen Terminal at Denver International Airport. The
34-Year concession represents an investment of $650MM. The other members of the
group are Saunders Construction and JLC. Ferrovial Agroman will participate in the
construction work. Scope of work includes upgrading 70,000 Sq. meters of floor
space, including creating new shopping and foodservice areas, relocating and
expanding TSA screening areas, improving building access and passenger flow and
other related works.
Jun. 6, 2017: Ferrovial, through subsidiary FBSerwis, has closed the acquisition of
100% of waste management company Trans-Formers Group from Hossanova for
~€37MM. This move strengthens FBSerwis’ presence in urban services.
March 30, 2017: Ferrovial has partnered with the Greater London Authority, in
addition to University College London and Future Cities Catapult, to launch
“Londoner’s Lab”, a citizen engagement program aimed at transforming the way
public services are delivered in the capital.
March 29, 2017: A consortium led by Ferrovial Agroman with Webber and Granite
Construction, has been chosen by the Texas Department of Transportation to design
and build segments H&I of the State Highway 99 ring road for $855MM. The project
comprises the construction of a 52.5 mile stretch of highway.
15. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 15
Company Snapshot - OHL
Price/ Volume
Valuation Multiples
30-Day Avg. Share Price (as of 9/8/17) 3.5
52-Week High 4.82
52-Week Low 2.44
Market Cap 1,044,461
Total Debt 4,028,700
Total Cash 1,832,200
Non-Controlling Interests 792,300
Enterprise Value 6,113,061
Book Value 4,480,300
Goodwill & Intangibles 263,100
Tangible Book Value 4,217,200
(In € Millions) 2012 2013 2014 2015 2016
Total Revenue 4,029,588 3,684,170 4,536,063 5,218,343 4,638,803
Income Overview
2014 2015 2016 2Q2017
Backlog (€ Millions) 66,766 64,970 82,349 70,823
Backlog Months 176.6x 149.4x 213.0x 188.4x
Book-To-Bill 3.0x 0.7x 4.7x (0.8x)
Enterprise Value / Revenue 2.1x 1.5x 1.4x 1.4x
Enterprise Value / EBITDA 9.0x 8.1x 23.5x 17.2x
Enterprise Value / EBIT 15.2x 11.4x 295.1x 37.5x
Price / Earnings 10.9x 6.6x N/A N/A
Price / Book Value 0.6x 0.4x 0.3x 0.2x
Price / Tangible Book Value 0.6x 0.4x 0.3x 0.2x
0.0%
20.0%
40.0%
60.0%
0
500,000
1,000,000
1,500,000
2,000,000
2012 2013 2014 2015 2016
Gross Profit EBITDA Gross Profit Margin (RHS)` EBITDA Margin (RHS)
Valuation ( € '000s, except per share data )
3.34 €
3.56 €
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
0 €
1 €
2 €
3 €
4 €
5 €
6 €
12-Sep-16
26-Sep-16
10-Oct-16
24-Oct-16
7-Nov-16
21-Nov-16
5-Dec-16
19-Dec-16
2-Jan-17
16-Jan-17
30-Jan-17
13-Feb-17
27-Feb-17
13-Mar-17
27-Mar-17
10-Apr-17
24-Apr-17
8-May-17
22-May-17
5-Jun-17
19-Jun-17
3-Jul-17
17-Jul-17
31-Jul-17
14-Aug-17
28-Aug-17
Daily Volume, '000s (RHS) Share Price Vol., 30-Day Rolling Avg., '000s (RHS)
FX Rate as of 9/8/17: USD to Euro 0.83491
16. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 16
Balance Sheet
Balance Sheet
(In € 000s) 2014 2015 2016 2Q 2017
Cash & Cash Equivalents 787,909 1,097,870 817,872 792,300
Trade and Other Receivables 2,299,896 2,437,800 2,080,218 2,185,600
Assets Held for Sale - 833,272 491,963 -
Other Current Assets 632,635 686,302 941,226 626,600
Total Current Assets 3,720,440 5,055,244 4,331,279 3,604,500
Property, Plant & Equipment, Net 593,548 636,029 257,011 237,200
Concession Infrastructure 7,154,037 6,515,565 6,439,634 6,774,900
Goodwill & Intangibles 320,687 316,366 287,029 263,100
Investment in Affiliates & Joint Ventures 1,556,981 1,668,246 513,611 607,800
Other Noncurrent Assets 884,449 1,097,476 1,091,782 1,283,100
Total Assets 14,230,142 15,288,926 12,920,346 12,770,600
Total Current Borrowings 1,457,623 716,312 615,201 627,700
Trade Payables 1,699,168 1,813,110 1,886,063 1,801,400
Liabilities Classified as held for sale - 567,245 220,008 -
Other Current Liabilities 532,189 797,131 702,275 634,600
Total Current Liabilities 3,688,980 3,893,798 3,423,547 3,063,700
Total Long-Term Borrowings 5,256,369 4,723,169 3,777,065 3,401,000
Infrastructure Related Provisions 120,586 130,893 121,495 172,400
Other Liabilities 1,671,826 1,729,392 1,676,841 1,825,600
Total Liabilities 10,737,761 10,477,252 8,877,453 8,290,300
Total Shareholders' Equity: 3,492,381 4,811,674 4,042,893 4,480,300
Total Liabilities & Shareholders' Equity 14,230,142 15,288,926 12,920,346 12,770,600
Working Capital Ratio 1.01 1.30 1.27 1.18
Total Debt 6,713,992 5,439,481 4,392,266 4,028,700
Net Debt 5,926,083 4,341,611 3,574,394 3,236,400
Backlog 66,766,001 64,970,206 82,349,646 70,823,400
Concessions 58,445,851 57,509,813 75,449,354 63,510,900
Construction 7,615,351 6,895,311 6,106,305 6,516,300
Other 704,799 565,082 793,987 796,200
17. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 17
OHL Group Income Statement
OHL Group Operations
OHL Group Historical Income Statement
LTM Half-Year Results
(In € '000s) 2014 2015 2016 1H 2017 1H 2016 1H 2017
Revenues 4,536,063 5,218,343 4,638,803 4,511,903 2,393,700 2,266,800
Operating Income (Loss) 614,092 684,756 21,939 162,839 270,300 411,200
Margin (%) 13.5% 13.1% 0.5% 3.6% 11.3% 18.1%
EBITDA (Adjusted) 1,040,182 967,034 275,835 356,435 385,400 466,000
Margin (%) 22.9% 18.5% 5.9% 7.9% 16.1% 20.6%
Net Income (Loss) 185,361 258,553 (235,316) (208,116) 83,500 110,700
Margin (%) 4.1% 5.0% (5.1%) (4.6%) 3.5% 4.9%
OHL Construction Operations
OHL Construction Historical Income Statement
LTM Half Year Results
(In € '000s) 2014 2015 2016 1H 2017 1H 2016 1H 2017
Total Revenue 2,787,981 3,248,200 2,773,600 2,524,900 1,555,400 1,306,700
Operating Income (Loss) (159,929) (55,400) (618,100) (573,600) (42,500) 2,000
Margin (%) (5.7%) (1.7%) (22.3%) (22.7%) (2.7%) 0.2%
EBITDA 206,259 150,000 (519,900) (530,300) 44,900 34,500
Margin (%) 7.4% 4.6% (18.7%) (21.0%) 2.9% 2.6%
18. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 18
Recent News
July 31, 2017: OHL Group, through subsidiary Judlau Contracting, is set to
rehabilitate and improve the capacity of the Canarsie Tunnel in New York, at a cost of
€447MM. The project has been awarded by New York’s Metropolitan Transportation
Authority to the Joint Venture led by Judlau (70%) and TC Electric (30%). This
project includes the rehabilitation of the tunnel following the devastation of hurricane
Sandy together with the upgrade of the capacity of the First Avenue and Bedford
Avenue subway stations and the construction of a new Avenue B substation.
May 18, 2017: OHL Group, through subsidiary Judlau Contracting, has been awarded
two contracts by the New York Metropolitan Transportation Authority in New York for
$125MM. The larger project, worth $64MM, is to provide design-build services for
flood mitigation at the Hugh L. Carey Tunnel and Queens Midtown Tunnel. The
second contract, for over $61MM, is for the second phase of a design-build project to
improve critical infrastructure along Metro-North’s Hudson Line.
May 18, 2017: OHL Group, through subsidiary OHL USA, has been awarded two
contracts by the Texas Department of Transportation for more than $70MM. The IH-
35 East Oltorf Street project includes operational improvements, construction of new
shoulders and auxiliary lanes. The IH-35 East Denton County project includes
paving, grading, structures, bridges and frontage roads.
19. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 19
Company Snapshot - Sacyr
Price/ Volume
Valuation Multiples
30-Day Avg. Share Price (as of 9/8/17) 2.25
52-Week High 2.75
52-Week Low 1.68
Market Cap 1,154,785
Total Debt 3,719,269
Minority Interests 316,478
Total Cash 635,480
Enterprise Value 4,555,052
Book Value 1,934,368
Goodwill & Intangibles 199,046
Tangible Book Value 1,735,322
(In SEK Millions) 2012 2013 2014 2015 2016
Total Revenue 3,827 2,782 2,809 3,063 2,963
Income Overview
2014 2015 2016 2Q2017
Backlog (SEK Millions) 24,832 26,845 25,956 30,164
Backlog Months 106.1x 105.2x 105.1x 117.8x
Book-To-Bill 1.1x 1.7x 0.7x 2.2x
Enterprise Value / Revenue 3.1x 1.8x 2.1x 1.5x
Enterprise Value / EBITDA 31.6x 17.1x 17.1x 11.8x
Enterprise Value / EBIT 44.5x 36.8x 29.6x 20.0x
Price / Earnings 60.6x 2.3x 15.2x 8.5x
Price / Book Value 1.5x 0.5x 1.0x 0.6x
Price / Tangible Book Value 1.7x 0.5x 1.1x 0.7x
Valuation ( € '000s,) except per share data)
FX Rate as of 9/8/17: USD to Euro 0.83491
0.0%
5.0%
10.0%
15.0%
0
50,000
100,000
150,000
200,000
250,000
2012 2013 2014 2015 2016
Operating Income EBITDA Operating Margin EBITDA Margin (RHS)
1.76
2.29
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
0 €
1 €
2 €
3 €
4 €
12-Sep-16
26-Sep-16
10-Oct-16
24-Oct-16
7-Nov-16
21-Nov-16
5-Dec-16
19-Dec-16
2-Jan-17
16-Jan-17
30-Jan-17
13-Feb-17
27-Feb-17
13-Mar-17
27-Mar-17
10-Apr-17
24-Apr-17
8-May-17
22-May-17
5-Jun-17
19-Jun-17
3-Jul-17
17-Jul-17
31-Jul-17
14-Aug-17
28-Aug-17
Daily Volume, '000s (RHS) Share Price Vol., 30-Day Rolling Avg., '000s (RHS)
20. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 20
Balance Sheet
Balance Sheet
(In € 000s) 2014 2015 2016 2Q 2017
Assets:
Cash 358,475 602,822 621,308 635,480
Receivables 1,888,173 1,996,615 2,065,683 2,172,098
Assets Held for Sale 302,623 527,535 475,406 466,558
Other Current Assets 599,547 552,417 502,784 500,708
Total Current Assets 3,148,818 3,679,389 3,665,181 3,774,844
Goodwill & Intangible Assets 125,224 201,394 198,544 199,046
Concessions Investments 1,213,675 1,643,853 1,402,267 1,381,610
Other Assets 7,116,576 4,932,838 5,422,953 5,303,666
Total Assets 11,604,293 10,457,474 10,688,945 10,659,166
Liabilities:
Financial Debt 3,445,304 850,612 829,062 867,951
Trade & Other Payables 1,914,690 1,946,695 1,550,211 1,487,348
Operating Provisions 315,908 246,248 220,778 219,862
Liabilities Held for Sale 219,771 224,186 203,042 194,188
Other Current Liabilities 237,698 225,823 533,825 628,408
Total Current Liabilities 6,133,371 3,493,564 3,336,918 3,397,757
Financial Debt 3,411,860 4,072,303 3,605,678 2,851,318
Provisions 279,248 361,804 370,428 375,486
Other Liabilities 453,740 618,213 1,295,582 2,100,237
Total Liabilities 10,278,219 8,545,884 8,608,606 8,724,798
Total Shareholders' Equity: 1,326,074 1,911,590 2,080,339 1,934,368
Total Liabilities & Shareholders' Equity 11,604,293 10,457,474 10,688,945 10,659,166
Working Capital Ratio 0.51 1.05 1.10 1.11
Total Debt 6,857,164 4,922,915 4,434,740 3,719,269
Net Debt 6,498,689 4,320,093 3,813,432 3,083,789
Backlog 25,067,121 26,845,418 25,956,000 30,164,000
Construction 4,988,000 5,062,000 4,131,000 4,501,000
Concessions 11,402,000 13,339,000 12,926,000 17,126,000
Services 6,034,000 6,031,000 6,447,000 6,038,000
Industrial 2,408,000 2,413,000 2,452,000 2,499,000
22. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 22
Recent Global News
July 7, 2017: The General Directorate of Road Maintenance in Mexico has awarded
SACYR Concessiones its first Public Private Partnership project in the country:
renovation, maintenance and conservation of a 91.5-km road worth ~€190MM. The
10-year term project consists of renovation, maintenance and conservation of two
road sections in the states of Mexico and Hidalgo. The scope of the project includes
asphalting reinforcement of slopes, drainage and horizontal and vertical signage.
Feb. 16, 2017: (Chile) The Ministry of Public Works has awarded the construction of
the future Biprovinchal Hospital Quillota-Petorca to the consortium formed by Sacyr
Chile and Somague, both Sacyr subsidiaries, for USD $114MM. The built-up surface
area of the project will be 73,204 square meters. Sacyr has been in Chile for 20
years, having become the country’s most important private investor in infrastructure
with USD $6.5B invested in concession and infrastructure construction projects.
Oct. 25, 2016: (Spain) The General Water Directorate has awarded a Sacyr
Construction and Sadyt the contract to draft and execute the works pertaining to the
Wastewater Treatment Plant of Ibiza for €24.6MM. The project is expected to take 33
months.
23. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 23
Company Snapshot - Skanska
Price/ Volume
Valuation Multiples
30-Day Avg. Share Price (as of 9/8/17) 181.90
52-Week High 226.60
52-Week Low 178.00
Market Cap (SEK MM) 74,538
Total Debt 11,432
Total Cash 4,253
Non-Controlling Interests 155
Enterprise Value 81,872
Book Value 29,021
Goodwill & Intangibles 6,185
Tangible Book Value 33,810
(In SEK Millions) 2012 2013 2014 2015 2016
Total Revenue 129,350 136,589 143,325 153,049 145,365
Income Overview
2014 2015 2016 2Q2017
Backlog (SEK Millions) 170,498 158,248 196,254 202,200
Backlog Months 14.3x 12.4x 16.2x 16.3x
Book-To-Bill 1.3x 0.9x 1.3x 1.2x
Enterprise Value / Revenue 0.6x 0.5x 0.6x 0.6x
Enterprise Value / EBITDA 11.6x 8.8x 10.2x 10.3x
Enterprise Value / EBIT 15.6x 11.2x 13.0x 13.8x
Price / Earnings 21.4x 15.0x 15.5x 10.8x
Price / Book Value 3.8x 3.0x 3.2x 2.6x
Price / Tangible Book Value 3.0x 2.4x 2.6x 2.2x
Valuation (SEK Millions, except per share data)
FX Rate as of 9/8/17: USD to SEK 7.95014
0.0%
5.0%
10.0%
15.0%
0
5,000
10,000
15,000
2012 2013 2014 2015 2016
Gross Profit EBITDA Gross Profit Margin (RHS)` EBITDA Margin (RHS)
183.60
182.00
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
SEK 0
SEK 50
SEK 100
SEK 150
SEK 200
SEK 250
23-Aug-16
6-Sep-16
20-Sep-16
4-Oct-16
18-Oct-16
1-Nov-16
15-Nov-16
29-Nov-16
13-Dec-16
27-Dec-16
10-Jan-17
24-Jan-17
7-Feb-17
21-Feb-17
7-Mar-17
21-Mar-17
4-Apr-17
18-Apr-17
2-May-17
16-May-17
30-May-17
13-Jun-17
27-Jun-17
11-Jul-17
25-Jul-17
8-Aug-17
22-Aug-17
5-Sep-17
Daily Volume, '000s (RHS) Share Price Vol., 30-Day Rolling Avg., '000s (RHS)
24. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 24
Balance Sheet
Balance Sheet
(In SEK Millions) 2014 2015 2016 2Q 2017
Corporate Level Cash 9,107 11,840 5,430 4,253
Total Accounts Receivable 26,288 25,877 29,759 27,626
Other Current Assets 39,372 41,843 51,350 54,661
Total Current Assets 74,767 79,560 86,539 86,540
Property, Plant & Equipment 7,122 6,504 6,837 6,963
Goodwill & Intangibles 5,740 6,010 6,304 6,185
Investments in JVs and Affiliates 2,618 2,852 4,160 3,773
Other Non-Current Assets 2,527 2,741 2,665 2,657
Total Assets 92,774 97,667 106,505 106,118
Total Current Debt 4,086 6,555 6,681 8,015
Accounts Payable 31,540 31,771 34,963 36,221
Other Current Liabilities 23,010 26,006 27,306 26,427
Total Current Liabilities 58,636 64,332 68,950 70,663
Total Long Term Debt 7,112 3,874 3,656 3,417
Other Long Term Liabilities 5,621 5,255 6,393 7,590
Total Liabilities 71,369 73,461 78,999 81,670
Total Shareholders' Equity: 21,405 24,206 27,506 24,448
Total Liabilities & Shareholders' Equity 92,774 97,667 106,505 106,118
Working Capital Ratio 1.3x 1.2x 1.3x 1.2x
Total Debt 11,198 10,429 10,337 11,432
Net Debt 2,091 (1,411) 4,907 7,179
Backlog 170,498 158,248 196,254 202,200
26. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 26
Recent Global News
Aug. 29, 2017: Skanska has signed a contract with the Meridian Group and the
Rockefeller Group to build a new office building and movie theater in Tysons Corner
in Virginia. The contract is worth $167MM. Skanska will build the new 20-story,
42,500 Sq. Meter Class A office building and a more than 10,000 Sq. Meter movie
theater. Construction is ongoing, and the project is expected to be completed in
October 2018.
July 7, 2017: Skanska has signed a contract with the University of South Florida to
build the Morsani College of Medicine and Heart Institute tower in Tampa, FL, USA.
The contract is worth $41MM. The new education and research tower will be
located in an urban setting of the downtown area of the city. With about 409,000 Sq.
Feet, the building will consist of an anticipated 14 levels. Construction began in Aug.
2017 and the project is expected to be complete in December 2019.
June 22, 2017: Skanska has signed a contract with New York City Transit for the
improvements at four subway stations along the Astoria Line in the Borough of
Queens in New York City. The contract is for $150MM. The project, which includes
design and construction, consists of the rehabilitation of four elevated transit stations
and the work includes new stairs, guard rails, automated fare collection areas and
electrical upgrades as well as rehabilitating and strengthening structural concrete
and steel. Construction began in April 2017 with an estimated completion in the first
quarter of 2019.
27. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 27
Company Snapshot - Vinci
Price/ Volume
Valuation Multiples
30-Day Avg. Share Price 76.91
52-Week High 79.91
52-Week Low 58.80
Market Cap 45,613,379
Total Debt 20,982,000
Minority Interest 531,000
Total Cash 4,784,000
Enterprise Value 62,342,379
Book Value 17,006,000
Goodwill & Intangibles 8,606,000
Tangible Book Value 8,400,000
(In € Millions) 2012 2013 2014 2015 2016
Total Revenue 15,327 16,775 15,419 14,491 13,681
Income Overview
2014 2015 2016 2Q2017
Backlog (€ Millions) 27,900 28,700 29,200 30,700
Backlog Months 8.6x 8.8x 9.1x 9.3x
Book-To-Bill 1.0x 1.0x 1.0x 1.0x
Enterprise Value / Revenue 1.2x 1.3x 1.5x 1.6x
Enterprise Value / EBITDA 7.0x 8.8x 9.2x 9.9x
Enterprise Value / EBIT 10.8x 13.6x 13.6x 14.6x
Price / Earnings 16.3x 17.7x 16.0x 17.1x
Price / Book Value 2.1x 2.4x 2.4x 2.7x
Price / Tangible Book Value 4.2x 4.9x 4.8x 5.4x
Valuation ( € '000s, except per share data )
FX Rate as of 9/8/17: USD to Euro 0.83491
0.0%
5.0%
10.0%
15.0%
0
500
1,000
1,500
2,000
2012 2013 2014 2015 2016
Gross Profit EBITDA Gross Profit Margin (RHS)` EBITDA Margin (RHS)
66.98
79.04
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
€ 0
€ 10
€ 20
€ 30
€ 40
€ 50
€ 60
€ 70
€ 80
€ 90
9-Sep-16
23-Sep-16
7-Oct-16
21-Oct-16
4-Nov-16
18-Nov-16
2-Dec-16
16-Dec-16
30-Dec-16
13-Jan-17
27-Jan-17
10-Feb-17
24-Feb-17
10-Mar-17
24-Mar-17
7-Apr-17
21-Apr-17
5-May-17
19-May-17
2-Jun-17
16-Jun-17
30-Jun-17
14-Jul-17
28-Jul-17
11-Aug-17
25-Aug-17
8-Sep-17
Daily Volume, '000s (RHS) Share Price Vol., 30-Day Rolling Avg., '000s (RHS)
28. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 28
Balance Sheet
Balance Sheet
(In € Millions) 2014 2015 2016 2Q 2017
Assets:
Cash and Cash Equivalents 6,411 5,632 6,678 4,784
Inventories and Work in Progress 932 964 935 946
Trade and Other Receivables 10,960 10,696 11,422 11,638
Other Current Operating Assets 4,568 4,635 5,099 4,823
Other Current Assets 905 953 781 763
Total Current Assets 23,776 22,880 24,915 22,954
Concession Intangible Assets 24,141 23,915 26,691 26,463
Goodwill & Intangibles 7,407 7,683 8,522 8,606
Other Assets 7,706 7,669 7,803 7,947
Total Assets 63,030 62,147 67,931 65,925
Liabilities:
Current Borrowings 4,061 3,986 5,229 4,897
Current Provisions 3,844 4,053 4,172 4,065
Trade Payables 7,620 7,590 7,740 7,345
Other Current Operating Liabilities 10,769 10,884 11,838 11,014
Other Current Liabilities 454 904 836 785
Total Current Liabilities 26,748 27,417 29,815 28,106
Total Long-Term Borrowings 17,134 15,001 16,265 16,085
Other Liabilities 4,280 4,473 4,845 4,728
Total Liabilities 48,162 46,891 50,925 48,919
Total Shareholders' Equity: 14,868 15,256 17,006 17,006
Total Liabilities & Shareholders' Equity 63,030 62,147 67,931 65,925
Working Capital Ratio 0.89 0.83 0.84 0.82
Total Debt 21,195 18,987 21,494 20,982
Net Debt 14,784 13,355 14,816 16,198
Backlog 27,900 28,700 29,200 30,700
Cash Flow From Operations 3,633 4,521 4,346 4,390
30. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 30
Recent News
Dec. 19, 2016 – Inauguration of Vinci’s first PPP Motorway in United States. 35-Year
Concession for East End Crossing project connecting Indiana & Kentucky, which was
valued at ~$1B. Vinci built 12 km of new infrastructure connecting Indiana and
Kentucky; a cable-stayed bridge, a dual-tube tunnel and 19 engineering structures.
Dec. 15, 2016 – Eurovia (Vinci’s Sub) wins contract to renovate and widen the I-85
Motorway in Spartanburg and Cherokee Counties, South Carolina. Design-Build
Contract to renovate and widen a 32 km section of I-85 Motorway between Charlotte
and Greenville. Joint Venture lead by Blythe (60%) and Eurovia’s U.S. Sub, Zachry
Construction (40%). Work will begin Spring of 2018 and is expected to take four
years to complete. Project worth $435MM
Sept. 14, 2016 –Vinci acquires Phoenix, Arizona based TollPlus, a leading company
focused on development, implementation and maintenance of dematerialized
solutions for Electronic Toll Collection operations and customer management. With
this stake, Vinci is strengthening its position in the ETC market, set to grow sharply in
the USA, Latin America, Europe and Asia.
Jun. 17, 2016 – Reinforced Earth Company (Subsidiary of Vinci Construction) is hired
to supply some 290,000 sq. meters of Reinforced Earth Wall, the Company’s largest
contract ever, to Interstate 4 in Florida.
Feb. 3, 2016 – Eurovia has finalized the acquisition of Canadian rail works contractor,
Rail Cantech, for an undisclosed amount. Cantech generated about €21M revenue in
2015 and the acquisition adds to Eurovia’s range of services in North America and
increases its industrial capacity in a region where rail activity is growing rapidly.
31. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 31
Services Overview
Why We Are Different Connecting Global Players to the Local Market
Focused Strictly on Infrastructure
• Management has years of experience in the Infrastructure Industry
• Solely focused on advising public and private clients in the
Infrastructure/Construction sector
Broad Range of Advisory Services
• M&A, Project Financing, Strategic Consulting, Restructuring, Executive
Placement, and Financial Analysis
• All Industry Sub-Sectors
Experience in All Major Infrastructure Markets
• Star America has worked in all infrastructure markets, including Civil
Construction, Vertical Building, Public-Private Partnerships, Industrial
Service Offerings
Business Development
Mergers & Acquisitions PPP Financial Advisory Management Consulting
Capital RaisingStrategic & Financial Analysis
Star is well qualified to assist clients in developing their
business plans in the U.S. Given the depth of
experience of its partners and operating professionals,
the company offers access to thought leadership of C-
Level executives.
We have a strong track record in both domestic and
cross-border M&A advisory roles. We operate both
negotiated processes and auctions, assist in deal
structuring, and provide impartial advice about the merits
of transactions in our industry of focus.
Star provides financial advisory services to companies
and consortia seeking to participate in alternative
procurement processes. We advise on debt capital
raising in the bank and bond markets, and help structure
competitive bids for our clients.
We work with clients to formulate and pursue strategic
and tactical goals. Star provides true business solutions,
including identifying potential management hires,
developing and implementing marketing plans, and
increasing operational efficiencies.
We maintain contacts at banks, hedge funds, equipment
finance companies, and other financial firms. These are
sources of capital for clients desiring funds for
expansionary capital expenditures or general operating
cash flow needs.
Industry analytics form the core of a successful financing
or business development strategy. With our significant
industry knowledge, we assess companies’ current and
projected financial and competitive positions to provide
actionable recommendations. We have the capacity to
provide comprehensive financial analysis allowing
contractors to properly vet lower tiers and improve overall
capital strength.
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32. • 390 N Broadway, Jericho, NY, 11753 • (516) 882-4100 32
Disclaimer
This presentation regarding Star America Capital Advisors LLC (the “Company”) has been prepared for the exclusive use of the recipient (the “Recipient”). The information contained
herein contains forward-looking statements and includes information provided by the Company and its affiliates (“Star”) and other publicly available information. Star has not
independently verified the publicly available information contained herein, nor does Star make any representation or warranty, either express or implied, as to the accuracy,
completeness or reliability of the publicly available or other information contained in this presentation. The forward-looking statements speak only as of the date of this presentation.
Any estimates or projections as to events that may occur in the future contained in such forward-looking statements are based upon the information available to Star as of the date of
this presentation. There is no guarantee that any of these estimates or projections will be achieved. Actual results may vary from these estimates and projections and such variations
may be material. Star undertakes no obligation to update the forward-looking statements. Star makes no representations or warranties with respect to the information contained in this
overview and Star expressly disclaims any and all liability relating or resulting from the Recipient’s use of this presentation.
This presentation has been prepared solely for discussion purposes. This presentation shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall
there be any offer, solicitation or sale of securities in any jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities
laws of any such jurisdiction. The Recipient should not construe the contents of this presentation as legal, tax, accounting or investment advice or a recommendation. The Recipient
should consult its own counsel, tax and financial advisors as to legal and related matters concerning any transaction described herein. This presentation does not purport to be all
inclusive or to contain all of the information which the Recipient may require. No investment, divestment or other financial decisions or actions should be based on the information in
this presentation. If in the future Star offers securities, Star intends to provide the Recipient with a confidential offering memorandum; the Recipient should not rely on the information
contained in this presentation; and the Recipient should read the confidential offering memorandum and all exhibits thereto prior to making any investment decision with respect to the
securities offered thereby.
This presentation has been prepared on a confidential basis solely for the benefit of the Recipient and constitutes confidential information of Star. The Recipient may not copy or
reproduce, distribute, forward to others or otherwise disclose, or use this overview or the information contained herein without the prior written consent of Star.
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