Presentation of Grupo ACS. September 2009
|
|
- Nancy Casey
- 7 years ago
- Views:
Transcription
1 Presentation of Grupo ACS September 2009
2 Strategic vision A global leader in infrastructure development In the fields of civil and industrial engineering activities With sustainable and profitable growing businesses Focused on shareholder s value creation Construction Concessions Environment & Logistics Industrial Services & Energy 2
3 Market Cap ( bn) Grupo ACS: A global leader in infrastructure development 2008 Net Profit ( mn) 2,000 1,800 1,600 1,805 1,591 1,501 1,400 1,200 1, Vinci Bouygues ACS Fluor Acciona Skanska Eiffage Hochtief Ferrovial FCC SyV ACS Vinci Bouygues Fluor Corp. Grupo Acciona FCC Eiffage Skanska AB Hochtief AG Grupo Ferrovial As of 01/09/09
4 In the fields of civil and industrial engineering activities Construction Concessions Environment & Logistics Industrial Services & Energy La Breña Dam North Access - Zaragoza Marseille Treatment Plant Andasol I Thermosolar Plant 4
5 With sustainable and profitable growing businesses Sales EBITDA 18,000 15,000 12,000 million 12,114 10,818 14, ,560 CAGR 96-08> 26% 1,200 CAGR 96-08> 29% million 1, , ,380 1,270 9,000 8, ,000 3, ,420 2,166 2,4602,7003,4103, * 2008* * 2008* Net Profit EPS 2,000 1,500 1,000 million CAGR 96-08> 43% 1, CAGR 96-08> 25% 1, , *: In order to present like for like data, in 2007 and 2008 Unión Fenosa is accounted by equity method
6 Focused on shareholder s value creation Market Cap Annual Total Return to Shareholders 32% 11.2 bn 0.1 bn Including Dividends 1996 Today 6
7 Grupo ACS evolution Successful history of integration processes to become a world leader in the development and operation of infrastructures and energy Environment & Logistics Concessions 1992 Construction Industrial Services Energy Maximize shareholder s returns Levered on our corporate strategy Global Leadership Profitability of resources managed Promoting sustainable growth 7
8 Corporate strategy Global Leadership Profitability of resources managed Promoting sustainable growth Main players in all activities Influence on the industry and markets Resources & talent attraction Wider range of investment opportunities Operational and financial efficiency Strict investment criteria Solid financial structure Sustainable shareholder s value creation Respecting the economic, social and environmental frameworks in all activities Improving society 8
9 Increasing international presence International 21% Sales 79% Domestic International 31% Backlog 69% Domestic Direct Presence Through, and. Accounted by equity method 9
10 Grupo ACS key figures Euro Million Year 2008 Var. 1H09 Var. Turnover 16, % EBITDA 1, % EBIT 1, % Ordinary Net Profit 1, % Net Profit 1, % EPS % Total Net Debt 9,355 Total net debt with recourse 2,933 Total debt without recourse 6,422 8, % % % % 1, % % 8,752 (59) 8,811 10
11 1H09 Operating results Breakdown by activity Euro Million Construction Environment & Logistics Industrial Services & Energy Turnover 3, % 1, % 3, % International Turnover % % 1, % % over total 15% 13% 31% EBITDA % % % Margin 7.5% +0bp 13.1% +0bp 9.2% +30bp EBIT % % % Margin 6.2% -10bp 8.0% -20bp 7.6% +0bp Net Profit % % % Margin 4.3% +0bp 6.0% -50bp 4.9% +10bp Backlog 11, % 10, % 6, % Sales (Domestic 78% - International 22%) EBIT Ordinary Net Profit 16% 18% 11% 40% 35% 18% 32% 44% 47% 39% Construction Industrial Services & Energy Environment & Logistics Concessions* * Including Abertis contribution 11
12 Balance sheet as of 30th June 09 Solid financial structure Assets Working Capital (2,031) mn Fixed Assets 5,306 mn Liabilities Net Worth 4,000 mn Long Term Financial Investments 8,807 Net Debt 8,752 mn Other Non Current Assets 2,284 mn Other Non Financial Liabilities 1,614 mn 12
13 Net debt situation as of 30th June 09 (59) mn Cash Operating activities free of debt Total Net Debt 8,752 mn Total Non Recourse Debt 8,811 mn 3,310 mn 5,501 mn Project finance non recourse debt SPVs Renewable assets Infrastructure concessions Treatment plants Iberdrola (12.0%) 4,839 mn Maturity >10y Cash Rich Assets Hochtief (29.99%) 662 mn Total Net Debt / Annualized EBITDA + Dividends from affiliates (09e) = 4.8x 13
14 Construction Construction International activity Only through Civil Works Growth opportunities in US, Western Europe and Chile Large projects under construction as shows the backlog increase in 2008 Civil Works in Spain Civil Works in Spain Investment commitment from the Central Administration Cost Efficiency to maintain high margins Working capital management Building activity Flexibility to face activity reduction International Activity Building Client risk management Public housing development Strategic targets Efficient management of Civil Works in Spain: maintaining market share and margins close to 6% (EBIT) Select attractive markets: International growth through concessions and selective Civil Works projects 14
15 Concessions Concessions Opportunities Pre qualified for projects in 2009 with more than 1,800 million of investment Mature concessions portfolio turnover International activity in North America and Western Europe Attractive portfolio of projects 15 years world leader Areas of activity Specialized in the development of greenfield projects Transportation infrastructures worldwide and PPPs mainly in Spain More than 1,000 mn invested Large projects in new concession contracts with an investment under management of more than 3.9 bn Strategic targets Take advantage of the operating and strategic synergies with Abertis (25.8% stake): focusing Grupo ACS activity on developing greenfield projects on transportation infrastructures and PPPs Continue developing and selling concessions as the main activity on this area 15
16 Environment & Logistics Environment & Logistics Backlog 1H09: 10,824 mn 81,100 employees Facility Management 38% International 13% 62% Environmental Services Domestic 87% Environmental Services Leader in Spanish market in waste recycling and treatment International business >20% (backlog > 35%), own R&D, especially in SUW treatment plants Facility Management Leader in the Spanish market of integrated building maintenance services, gardening, reforestation and landscape restoration, social health systems, airports services No international expansion Strategic targets Two approaches to promote and maintain recurrence, visibility and growth: public services utility + investment in concesional projects Increase the capital intensive project finance investments to keep using non recourse debt for Grupo ACS 16
17 Industrial Services & Energy Industrial Services & Energy Backlog 1H09 6,579 mn 41,200 employees 40% Energy Projects 13% Networks Specialized Products 33% International 31% Domestic 69% Control Systems 14% Networks Specialized Products Control Systems Main supplier of utilities & large industrial corporations Maintenance of LT electric networks Maintenance of gas & water networks Industrial maintenance and support services Global player in support services Installment and maintenance of HT electric networks and telecommunications systems Design, development & maintenance of railway systems Electrical, mechanical and cooling systems installations Spanish leading company in control systems Traffic & transport control systems Lightening systems Integral maintenance of public infrastructures and concessions Energy Projects: EPC Turn Key Projects Electricity projects: Power plants (Coal, Hydro, Nuclear, CCGTs) & HV lines Oil & gas facility projects (off-shore platforms, refineries, LNG, etc) Competitive international presence: Europe, Middle East, North Africa & Latam Energy Projects: Wind and thermosolar renewable plants 1,250 MW in renewable energy assets. Attractive portfolio of new assets (target 1,800 MW for 2010) Concesional Projects: Transmission lines & Desalinization Transmission lines: 10,300 km ( 390 mn invested); Desalinization plants: 3 plants ( 165 mn invested) 17
18 Industrial Services & Energy Industrial Services & Energy Investments Investments and operation of wind parks: 1,100 MW under operation and 2,000 MW under development Thermosolar plants with thermal storage capacity: 150 MW under operation and 250 MW under development Energy Support Services Visibility and Recurrence Maintenance business generated as a consequence of the EPC investments Increase of the value added offering for those clients cutting costs EPC Projects International Growth Strong presence in investing countries: Mexico and Brazil Investments for the long term in Gas and electricity Strategic targets Leadership of the industry on Grupo ACS reference markets: Spain, Latin America and Northern Africa Renewable energy projects development: margin improvements and contribution to traditional business 18
19 Industrial Services & Energy: Renewable Energy Projects Attractive portfolio of renewable energy assets Asset Wind, global consolidation Wind, equity method Total Wind, installed Thermosolar, installed Wind, under construction Thermosolar, under construction Installed Capacity MW 134 MW 1,076 MW 150 MW 213 MW 110 MW Attributable to ACS 80% 33% 74% 83% 83% 100% Pipeline Wind Thermosolar 1,799 MW 150 MW 80% 100% More than 1.5 bn already invested in wind projects 1 billion invested in 6 thermo-solar plants; 3 already completed 1: As of 30/06/2009 These figures exclude other renewable energies as Biomass and SUW where ACS has more than 180 MW installed 19
20 Electricity Consolidated as a financial investment Industrial Services & Energy: A long term commitment with the industry Grupo ACS is the industrial reference shareholder of Iberdrola, owning 12.0% of the company Value Creation Track Record First contractor for electric utilities in Spain with a 80 years experience in building, operating and maintaining electrical assets Deep footprint in Spain and relevant countries where utilities are present Long term understanding of the regulator Grupo ACS Expertise Iberdrola s Excellence Industry Attractiveness A World Leader First in class electric utility company by generation mix (with high entry barriers) Worldwide renewable energy generation leader Good Momentum Sustainable & predictable growth Strong entry barriers + few players Regulated sector Industry consolidation Strategic targets Focus Iberdrola s strategy in long term value creation for shareholders Reinforce Iberdrola s leadership in most profitable markets divesting non performing assets Provide credibility to markets and regulators for future consolidation opportunities in the industry 20
21 Listed companies: Strategic management of affiliates Global Vision, Size and Leadership Grupo ACS holds 30% of Hochtief and plays a key role as the industrial reference shareholder in the company Grupo ACS is influencing Hochtief s strategy as the industrial reference shareholder, but keeps the local management approach There are extensive opportunities of collaboration in the development of international contracts in joint venture Grupo ACS maintains a strong industrial commitment for the long term with Abertis, owning a 25.8% stake of the company European concessions leader by market cap and number of projects Straight-forward strategic vision on the development and operation of infrastructures Outstanding investment capacity Results Contribution Equity Method Results Contribution Equity Method Financed through an SPV: non recourse debt No debt assigned directly to Grupo ACS 21
22 Conclusions Clear Strategy & Implementation track record Global Leadership Operational and financial efficiency Successful value creation history Reliable Businesses & Good Clients Contracting business based on civil & industrial engineering know-how Growing, reliable & recurrent activities Client relationship based on mutual trust Focused, talented & committed people Entrepreneurship Sound technical skills Global experience in large project development We look for fundamental value creation in the long term 22
23
24 September 2009
Presentation to Investors
CONSOLIDATING THE LEADERSHIP Presentation to Investors September 2005 1 Index 1. Brief Review of Grupo ACS 2. Key figures 1H05 3. Business Opportunities 4. Conclusions 2 Grupo ACS A reference in the construction
More informationResults Presentation 2014. 27 th February, 2015
Results Presentation 2014 27 th February, 2015 Executive Summary Strong international footprint Net profit increase Solid cash flow generation Significant gearing reduction 2 Geographical Diversification
More informationYTD Highlights. 1 st Half 2013 Results Presentation
1H/13 Results Presentation August 30 th, 2013 YTD Highlights Sales resilience, backlog impacted by forex Sustainable net results Working capital control remains top priority Disposals program under way
More informationResults Report 2012. Non audited figures 1
Results Report 28th February, 2013 Non audited figures 1 INDEX 1 Executive Summary 3 1.1 Main figures 3 1.2 Relevant facts occurred in the period 5 1.2.1 General 5 1.2.2 Related to debt refinancing 6 2
More informationNovember 14 th, 2014. 3Q/14 Results Presentation
November 14 th, 2014 3Q/14 Results Presentation Results Highlights Good operating performance Sound contracting activity Stable net debt despite investment expansion HOCHTIEF restructuring process is starting
More informationACS Industrial Services: Growing with Energy
ACS Industrial Services: Growing with Energy D. Ignacio Pérez Chairman of ACS Industrial Services 1 Index Introduction Organizational structure Strategic positioning Main financial figures Growth opportunities
More informationPublic Offer on Eiffage
Public Offer on Eiffage Creation of a leading Group in the Construction sector Important notice This presentation has been prepared by Sacyr Vallehermoso solely for the purpose of presenting the proposed
More informationInnovative Technology Solutions for Sustainability ABENGOA. The Value Within Abengoa. Analyst & Investor Day. Manuel Sánchez
Innovative Technology Solutions for Sustainability ABENGOA The Value Within Abengoa Manuel Sánchez Analyst & Investor Day May 2012 Forward-looking statements This presentation contains forward-looking
More information1Q 2014 Results. May 8, 2014
1Q 2014 Results May 8, 2014 Opening remarks Italian and Iberian operations EBITDA up by 7%, despite weak demand and negative regulatory framework in Spain Strong increase in demand in Latam, up by ca.
More informationDisclaimer. purposes only. Not for distribution in the United States, Japan, Australia, Italy or Canada.
8 April 2011 Disclaimer THIS PRESENTATION MAY NOT BE DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, JAPAN, ITALY, AUSTRALIA, CANADA OR ANY OTHER COUNTRY IN WHICH THE DISTRIBUTION OR DIFFUSION
More informationEarnings Release 9M2015
Earnings Release 9M2015 19 November 2015 Results overview Regional segments Final remarks PAGE 3 PAGE 12 PAGE 22 Europe Africa Latin America 2 Key highlights Consolidation of EGF in the 3Q15, according
More information1Q15 Results Presentation May 13 th, 2015
1Q15 Results Presentation May 13 th, 2015 Results Highlights Revenues growth & solid backlog Relevant projects awarded Operating margins increase Reorganization is paying off Solid operating cash flow
More information1H15 Results Presentation July 31 st, 2015
1H15 Results Presentation July 31 st, 2015 Results Highlights Increasing visibility on revenues Strong order intake 1H15 Good operating results Operating margins increase Positive operating cash flow Working
More informationInnovative Technology Solutions for Sustainability ABENGOA. Understanding the Value in Concessions. Analyst & Investor Day.
Innovative Technology Solutions for Sustainability ABENGOA Understanding the Value in Concessions Eduard Soler Analyst & Investor Day May 2012 1 Our Portfolio of Concessions today 2 Our Business Model
More informationAnnual Report. ACS Group
Annual Report ACS Group www.grupoacs.com Photo: Arrecife Court Economic and Financial Report of ACS Group 2 Economic and Financial Report 2.1 Directors Report on the Consolidated Group 04 2.2 Consolidated
More information1. H1 2014 key highlights
30 th July 2014 Disclaimer This document has been prepared by ACCIONA, S.A. ( ACCIONA or the Company ) exclusively for use during the presentation of financial results for the firsthalf of 2014 (H1 2014).
More informationCorporate Presentation. Southern Cone / Andean CEO Conference May, 2012
Corporate Presentation Southern Cone / Andean CEO Conference May, 2012 Our Company 2 Company overview Largest Latin American IT Services provider and an undisputed leader in systems integration, support
More informationResults Report 2013. Non Audited Figures 1
Results Report 27th February, 2014 Non Audited Figures 1 INDEX 1 Executive Summary 3 1.1 Main figures 3 1.2 Relevant facts 4 2 Consolidated Financial Statements 7 2.1 Income Statement 7 2.1.1 Sales and
More informationResults Presentation Jan-Sep 2014. November 25 th, 2014
Results Presentation Jan-Sep 2014 November 25 th, 2014 Disclaimer This document has been prepared by Grupo Isolux Corsán, S.A.; therefore no part of it may be published, disclosed or distributed in any
More information2007 Earnings Presentation February, 26th 2008
2007 Earnings Presentation February, 26th 2008 With the sun we produce thermoelectric and photovoltaic electric energy With biomass we produce ecologic biofuels and animal feed With wastes produce new
More informationOrdinary General Shareholders Meeting
Ordinary General Shareholders Meeting 15 April 2010 Chairman s Speech Florentino Pérez INTRODUCTION It is pleasure to be with all of you at this Ordinary General Shareholders Meeting of the Grupo ACS,
More information1H/14 Results Presentation
1H/14 Results Presentation September 1st, 2014 YTD Highlights Good operating performance impacted by f/x effects Like for like* growth in Sales, EBIT & Net Profit Stable net debt LTM despite significant
More information2014 2017 Strategic Plan Madrid Stock Exchange
More value for the shareholder: our commitment Documento en progreso y revisión Sujeto a aprobación 2014 2017 Strategic Plan Madrid Stock Exchange 2 April 2014 Company Overview Founded in 1959 Mexico Panama
More informationNovember, 16th & 17th, 2011
November, 16th & 17th, 2011 Company Overview Largest Latin American IT Services provider and an undisputed leader in systems integration, support and IT Outsourcing Independent service provider with world-class
More informationABENGOA. 2014: Financial Review. Barbara Zubiria. 8th Annual Analyst and Investor Day. EVP, Capital Markets & IR
Innovative Technology Solutions for Sustainability ABENGOA 2014: Financial Review Barbara Zubiria EVP, Capital Markets & IR 8th Annual Analyst and Investor Day April 3 & 4, 2014 Forward-looking Statement
More informationFUCHS PETROLUB SE The leading independent lubricants manufacturer of the world
FUCHS PETROLUB SE The leading independent lubricants manufacturer of the world Dr. Alexander Selent, Vice Chairman & CFO Dagmar Steinert, Head of Investor Relations January 2014 The leading independent
More informationConsolidated Financials of PPP Projects & Credit Risk of Construction
Consolidated Financials of PPP Projects & Credit Risk of Construction Companies Construction companies are in a high risk low margin business. Increasingly, contractors are taking on additional risk by
More informationFY 2014 Results March 19, 2015
FY 2014 Results March 19, 2015 1 This document has been prepared by Maire Tecnimont S.p.A. (the Company ) solely for use in the presentation of its results. This document does not constitute or form part
More informationCreating a Global Wind Industry Leader
Creating a Global Wind Industry Leader 17 June 2016 Today s Participants Ignacio Martín Executive Chairman, Gamesa Lisa Davis Managing Board Member, Siemens AG David Mesonero Head of Corporate Development,
More informationFinancial Results. siemens.com
s Financial Results Fourth Quarter and Fiscal 2015 siemens.com Key figures (in millions of, except where otherwise stated) Volume Q4 % Change Fiscal Year % Change FY 2015 FY 2014 Actual Comp. 1 2015 2014
More informationFinancial Mechanisms and Policies Oriented towards the development of Renewable Energy Markets. Mexico City, 28 November 2007
Financial Mechanisms and Policies Oriented towards the development of Renewable Energy Markets Mexico City, 28 November 2007 Index I. Santander I Financing Drivers I Market Drivers IV. Example: Refit V.
More informationInnovative Technology Solutions for Sustainability ABENGOA. First Half 2012 Earnings Presentation
Innovative Technology Solutions for Sustainability ABENGOA First Half 2012 Earnings Presentation July 31 st, 2012 Forward-looking Statement This presentation contains forward-looking statements and information
More informationMerger of Siemens Wind Power with Gamesa
Merger of Siemens Wind Power with Gamesa Analyst & Press Call Joe Kaeser, President and CEO Ralf P. Thomas, CFO Lisa Davis, Member of the Managing Board siemens.com Notes and forward-looking statements
More information9M10 Results Presentation
9M10 Results Presentation November 5th, 2010 9M10: Highlights of the period EBITDA: 2,651m, +9% YoY EBITDA from Brazil: +28% YoY: 19% of EDP Group EBITDA in 9M10 Electricity distributed +15% YoY EBITDA
More informationPress Release. FY 2012/13 Alstom achieves a solid commercial and operational performance and free cash flow turns positive
Press Release 7 May 2013 FY 2012/13 Alstom achieves a solid commercial and operational performance and free cash flow turns positive Between 1 April 2012 and 31 March 2013, Alstom booked 23.8 billion of
More informationACE: Leader in the European Automotive Components Market
ACE: Leader in the European Automotive Components Market ACE 2012-2015 Strategy 21/12/2011 Following on from our Current Report in December 2010, ACE s management herein presents its 2011 update on the
More informationEvolution of Business First Quarter 2011 (January-March)
Evolution of Business First Quarter 2011 (January-March) Table of Contents 1. Main Figures 4 Financial Data 4 Operating Data 4 2. Consolidated Profit & Loss Account 6 Consolidated Profit & Loss Account
More informationEurope: Growth of +7.8% in Recurring Operating Income France: New half of improved profitability
2014 FIRST HALF RESULTS: CONTINUED GROWTH Organic sales growth of 4.3% Increase in Recurring Operating Income of +13.8% Strong increase in adjusted net income, Group share of +16.7% Strong profit growth
More informationFinancing PPPs: Project Finance June 2006
Financing PPPs: Project Finance June 2006 Index Section I. Section II. Section III. Project Finance Spanish Market Advantages Risk Matrix P. 2 Section I Project Finance Project Finance Definition Definition:
More informationEarnings Release Q3 FY 2015 April 1 to June 30, 2015
Munich, Germany, July 30, 2015 Earnings Release FY 2015 April 1 to June 30, 2015 Solid performance, softening market environment»overall our businesses delivered solid underlying profitability despite
More informationSiemens and Gamesa to merge wind businesses to create a leading wind power player
Press June 17, 2016 Siemens and Gamesa to merge wind businesses to create a leading wind power player Siemens and Gamesa have signed binding agreements to merge Siemens wind business with Gamesa Businesses
More informationCorporate presentation
Corporate presentation Table of Contents 1. Liquefied Natural Gas What is Liquefied Natural Gas (LNG)? Natural gas within the global energy context. The value chain of natural gas. Demand and transport
More informationPIERRE JEAN SIVIGNON FINANCIAL. Deputy Chief Executive Officer, Chief Financial Officer RESULTS
FULL YEAR RESULTS FINANCIAL RESULTS PIERRE JEAN SIVIGNON Deputy Chief Executive Officer, Chief Financial Officer FURTHER PROFIT GROWTH IN 2015 Variation at (in m) 2014 2015 (1) constant exch. rates Variation
More informationInnovative Technology Solutions for Sustainability ABENGOA. First Nine Months of 2014 Earnings Presentation
Innovative Technology Solutions for Sustainability ABENGOA First Nine Months of 2014 Earnings Presentation November 12, 2014 Forward-looking Statement This presentation contains forward-looking statements
More informationVattenfall Q2 2013 results
Vattenfall Q2 2013 results Øystein Løseth, CEO and Ingrid Bonde, CFO Conference call for analysts and investors, 23 July 2013 Q2 Highlights Impairment charges on thermal assets and goodwill amounting to
More informationBe ONE: Our strategy in the current environment. Guidance 2010
Results February January-December 25th, 2009 2010 1 Disclaimer This document contains additional non-compulsory forward-looking statements on intentions or expectations of the Company as of the date of
More informationPascal Quiry July 2010
Please send any questions on this case study to the author via the mail box on the web site www.vernimmen.net Pascal Quiry July 2010 This document may not be used, reproduced or sold without the authorisation
More informationENR TOP INTERNATIONAL CONTRACTORS
ENR TOP INTERNATIONAL CONTRACTORS 1 The Top 250 Global Contractors How to use the tables: Companies are ranked according to total construction revenue in 2013 in U.S. $ millions. Figures include prime
More informationBanco Santander s profit rose 90% to EUR 4.370 billion in 2013
Press Release Banco Santander s profit rose 90% to EUR 4.370 billion in 2013 BUSINESS. Deposits were stable at EUR 607,836 million, while mutual funds grew by 14% to EUR 93,304 million. Loans decreased
More informationBusiness Policy of CEZ Group and ČEZ, a. s.
Business Policy of CEZ Group and ČEZ, a. s. Contents: Introduction 1. CEZ Group mission and vision 2. Scope of business of CEZ Group 3. Business concept Guiding principles Trade Generation Electricity
More informationEnel Green Power 1H 2015 consolidated results. Rome July 29, 2015
Enel Green Power Rome July 29, 2015 Agenda Strategic update Analysis of results Closing remarks 1 Enel Green Power strategic levers 1 Plants performance optimization 2 Growth 3 Portfolio management Crucial
More informationAreva & Gamesa Joint Venture: Creation of an Offshore Wind Leader
Areva & Gamesa Joint Venture: Creation of an Offshore Wind Leader 7 July 2014 1 Resumen Ejecutivo 1. Transaction Overview 2 Summary Areva and Gamesa have entered into an agreement to form a 50%/50% Joint
More information2011 Results 2012-2016 Plan
2011 Results 20122016 Plan Rome March 8, 2012 2011 Results & 20122016 Plan Agenda 2011 macro scenario Worldwide Energy industry 2011 results 2012 outlook 20122016 strategic update Macro assumptions Key
More informationHow To Profit From Power Production
CHILE TRIP-SANTANDER GBM September 2009 >> Agenda 1. Environment 2. Our Business 3. Current Scenario and Future Challenges 2 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Jun/09 Long Term Investment
More informationFirst Quarter 2014 Results Presentation
TECNICAS REUNIDAS Juan Lladó CEO First Quarter 2014 Results Presentation 19 th of May 2014 INDEX TECNICAS REUNIDAS AWARDS & BACKLOG 1Q 2014 FINANCIAL RESULTS OUTLOOK 1 1Q 2014 AWARDS Awards m 1Q 2014:
More information2015 Investor day 2015-19 Strategic Plan New foundations for growth
2015 Investor day 2015-19 Strategic Plan New foundations for growth March 19, 2015 2015 Investor day Agenda 2014 main developments Francesco Starace CEO FY 2014 results Alberto De Paoli CFO 2015-2019 strategic
More informationProsegur 9M 2013 Results
Prosegur 9M 2013 Results November 12th, 2013 Compañía de Seguridad S.A. all rights reserved 1 Highlights in the period The transfer to clients of the increase in the labour costs in Brazil (ARV) is being
More informationESBI Company Profile. ESB International. Bringing Energy Innovation to the World...
ESBI Company Profile ESB International Bringing Energy Innovation to the World... ESB International ESBI is one of Europe s most progressive and commercially focused electricity consultancy firms with
More informationEntering in Mexico s electricity generation business with 2,000 MW. October 23, 2015
Entering in Mexico s electricity generation business with 2,000 MW October 23, 2015 Strategic compliance Sector overview Project description Final remarks Page 2 Page 4 Page 14 Page 18 1 Compliance with
More informationAnnual Results 2011 Analyst presentation 29 February 2012
Annual Results Analyst presentation 29 February 2012 Forward-looking statement This document contains statements of a forward-looking nature, based on currently available plans and forecasts. Given the
More informationSpain leads the world market for infrastructure development
ARI ARI 52/2014 5 November 2014 Spain leads the world market for infrastructure development William Chislett Associate Analyst at the Elcano Royal Institute and author of Spain: What Everyone Needs to
More informationMEDIA RELEASE SIKA WITH STRONG GROWTH IN EMERGING MARKETS
DATUM 1 / 6 Zugerstrasse 50 6341 Baar, Switzerland www.sika.com CONTACT TELEPHONE E MAIL Dominik Slappnig Corporate Communications & Investor Relations +41 58 436 68 21 slappnig.dominik@ch.sika.com SIKA
More informationMAHINDRA CIE AUTOMOTIVE
MAHINDRA CIE AUTOMOTIVE June 2013 Industrial Group specialized in Managing High Value Added Processes 1 Table of Contents 1 Introduction to the Mahindra CIE Alliance 2 Rationale for the Alliance 3 Introduction
More informationTurkish power market entry. Cleaner & better energy. 4th December 2012
Turkish power market entry Cleaner & better energy 4th December 2012 Summary Trilateral agreement between E.ON, Sabanci and Verbund is win-win for all parties Transaction Asset swap: Acquisition of 50%
More informationABENGOA. Engineering & Construction: A World of Opportunities. Analyst & Investor Day. Manuel Valverde
Innovative Technology Solutions for Sustainability ABENGOA Engineering & Construction: A World of Opportunities Manuel Valverde Analyst & Investor Day May 2012 1 Forward-looking statements This presentation
More informationSUCCESSFUL WITH A UNIQUE INTERNATIONAL NETWORK COMPREHENSIVE ANALYSIS OF HOCHTIEF
SUCCESSFUL WITH A UNIQUE INTERNATIONAL NETWORK COMPREHENSIVE ANALYSIS OF HOCHTIEF April 2002 HOCHTIEF contractor based in Germany - but not a German contractor Most international contractor worldwide Expanding
More informationMAPFRE in 2014. Antonio Huertas. Presentation of Annual Results February 11, 2015. MAPFRE Chairman & CEO
MAPFRE in 2014 Presentation of Annual Results February 11, 2015 Antonio Huertas MAPFRE Chairman & CEO 2014 Results MAPFRE's results are excellent: 845 million euros in profits 2013 2014 % Consolidated
More informationXantrex Acquisition. July 2008
Xantrex Acquisition July 2008 Disclaimer All forward-looking statements are Schneider Electric management s present expectations of future events and are subject to a number of factors and uncertainties
More informationFINANCIAL OVERVIEW. Juan Carlos Baena
07 FINANCIAL OVERVIEW Juan Carlos Baena Disclaimer This presentation has been produced by Indra for the sole purpose expressed therein. Therefore, neither this presentation nor any of the information contained
More informationAnnual Results Fiscal Year 2013/14. 7 May 2014
Annual Results Fiscal Year 2013/14 7 May 2014 Key takeaways 4% organic growth in sales Resilience in profitability with IFO at 7% Positive FCF in H2 after significant outflow in H1 Cost saving performance
More informationESBI Carbon Solutions. Partnering with Countries to Achieve their Full Carbon Credit Potential
ESBI Carbon Solutions Partnering with Countries to Achieve their Full Carbon Credit Potential ESB International ESB International (ESBI) is a growing international energy company and one of Europe s leading
More informationinvestor.relations@iberdrola.es T: + 34 91 784 28 04 F: + 34 91 784 20 64 UPCOMING EVENTS 2007 FIRST HALF RESULTS: JULY 25th, 2007.
UPCOMING EVENTS 2007 FIRST HALF RESULTS: JULY 25th, 2007. IBERDROLA s Net Electricity Production (provisional) (1) April Year 2007 TOTAL GROUP GWh % Weight Vs 2006 GWh % Weight Vs 2006 Hydro 3,735 12.5%
More informationAn attractive business model with a high return on capital
KONE CMD 2015 An attractive business model with a high return on capital Eriikka Söderström, CFO Agenda Global position in a life cycle business Strong order book combined with recurring revenues Flexible
More informationA Leading Global Health Care Group
A Leading Global Health Care Group Commerzbank German Investment Seminar January 11/12, 2016 For detailed financial information please see our annual/quarterly reports and/or conference call materials
More informationSale of Fortum s electricity distribution business in Sweden
Sale of Fortum s electricity distribution business in Sweden Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or dispose of any Fortum shares.
More informationFortunes of a Terna in 2006
9M2005 Consolidated Results Fulvio Conti Chief Executive Officer Rome, 9 November 2005 Agenda 1. 9M2005 Results 2. 2005 and 2006 outlook 3. Questions & Answers 1 9M2005 results - Highlights Results 9M05/9M04
More informationHalf year results 2011
Half year results 2011 29 July 2011 Bert De Graeve, Chief Executive Officer Bruno Humblet, Chief Financial Officer Address by Bert De Graeve, Chief Executive Officer Introductory remark The consolidated
More informationBUREAU VERITAS 2015 STRATEGIC PLAN. Tuesday, September 20, 2011
BUREAU VERITAS 2015 STRATEGIC PLAN Tuesday, September 20, 2011 1 SELECTED BUSINESS HIGHLIGHTS 2 FOCUS ON INDUSTRY LEADING THE WAY Laurent Clavel Executive Vice President, Industry 3 Industry : Our mission
More informationANNUAL RESULTS PRESENTATION Madrid, March 2015
ANNUAL RESULTS PRESENTATION Madrid, March 2015 1 Disclaimer In addition to figures prepared in accordance with IFRS, PRISA presents non-gaap financial performance measures, e.g., EBITDA, EBITDA margin,
More informationVattenfall three-month Interim Report 2002 January - March
1 Vattenfall three-month Interim Report 2002 January - March Presentations by Lars G Josefsson, CEO and Matts Ekman, CFO May 15, 2002 2 Highlights Net sales more than doubled to SEK 28.4 billion Return
More informationStrategic Partnership with China Three Gorges December23 rd, 2011
Strategic Partnership with China Three Gorges December23 rd, 2011 0 Key Highlights of the Strategic Partnership with China Three Gorges CTG as new shareholder China Three Gorges ( CTG ) to acquire a 21.35%
More informationJoão Manso Neto. EDP Renováveis
João Manso Neto EDP Renováveis EDPR is a market leader with 8.6 GW of installed capacity worldwide #4 worldwide wind player EDP Group company focused on wind and solar investments 77.5% EDP SHAREHOLDING
More informationFor personal use only
Integrated Research Limited (IRI) FY2015 Annual Financial Results August, 2015 ABN: 76 003 588 449 9 of the top 10 US banks 4 of the world s 10 largest companies 6 of the 10 biggest stock exchanges 7 of
More informationJohn Menzies plc Final Results Presentation. 11 March 2008
John Menzies plc Final Results Presentation 11 March 2008 Agenda Group Highlights and Financial Review Business Review Menzies Aviation Business Review Menzies Distribution Summary Questions 2 John Menzies
More information2012 1ST QUARTER RESULTS
Al Hidd,Bahrain 2012 1ST QUARTER RESULTS Dunamenti, Hongrie, CCGT Laja, Chile 2011 RÉSULTATS ANNUELS April 23, 2012 9 février 2012 Solid Q1 performance on track to achieve 2012 guidance In bn Q1 2012 Q1
More informationFinancing of Wind Projects: IFC s Perspective. Walid Labadi 2nd IEL-ANADE May, 2012
Financing of Wind Projects: IFC s Perspective Walid Labadi 2nd IEL-ANADE May, 2012 IFC was established in 1956 to promote private sector development and is a member of the World Bank Group IFC Power Sector
More informationABENGOA. Abengoa 3.0. Manuel Sanchez. Barbara Zubiria. September 3 & 4, 2014 London & New York. Innovative Technology Solutions for Sustainability
Innovative Technology Solutions for Sustainability ABENGOA Manuel Sanchez Chief Executive Officer Barbara Zubiria EVP Capital Markets & IR Abengoa 3.0 September 3 & 4, 2014 London & New York Agenda 1 Strategy
More informationNordex SE Conference Call Q1 2013. Frankfurt/Main May 15, 2013
Nordex SE Conference Call Q1 2013 Frankfurt/Main May 15, 2013 AGENDA 1. Highlights Dr. J. Zeschky 2. Market Update and business performance Dr. J. Zeschky 3. Financials B. Schäferbarthold 4. Summary and
More informationEUTELSAT COMMUNICATIONS FIRST HALF 2009-2010 RESULTS
EUTELSAT COMMUNICATIONS FIRST HALF 2009-2010 RESULTS 1 Agenda 1. Further improvement of Group performance 2. Strong revenue growth across all business applications 3. Confirmation of financial strength
More informationLegal Notice / 2 DISCLAIMER
Legal Notice DISCLAIMER This document has been prepared by Iberdrola, S.A. exclusively for use during the presentation of financial results of the first semester of the 2016 fiscal year. As a consequence
More informationHealth Care Worldwide
Health Care Worldwide Goldman Sachs - Leveraged Finance Healthcare Conference March 4, 2014 New York Goldman Sachs Leveraged Finance Conference, Fresenius SE & Co. KGaA Copyright, March 4, 2014 Page 1
More informationDCC Overview DCC is an international sales, marketing, distribution and business support services group operating across four divisions
Company Overview DCC Overview DCC is an international sales, marketing, distribution and business support services group operating across four divisions Profit by division * Profit by geography * 14% 4%
More informationStrong growth in results, industrial and commercial developments in every business line, confirmation of medium-term objectives
PRESS RELEASE September 1 st, 2008 2008 1 st HALF RESULTS Strong growth in results, industrial and commercial developments in every business line, confirmation of medium-term objectives Revenues: EUR 43.1
More informationSummary of Empresas ICA, S.A.B. de C.V. ( ICA ) s Business Plan
Basis of Preparation The business plan was developed to be consistent with the expected ongoing businesses of the Construction and Concessions segments, while most of the other parts of the business are
More informationInvestment Opportunity Software AG Roadshow London / Edinburgh June 2004
Investment Opportunity Software AG Roadshow London / Edinburgh This Presentation contains forward-looking statements based on beliefs of Software AG management. Such statements reflect current views of
More informationYear-end Report 2015. 400 Fairview, Seattle, U.S.
Year-end Report 400 Fairview, Seattle, U.S. Year-end Report Strong result on a group level Improved profitability Strong performance in Project Development Strong cash flow and financial position Operating
More informationSuccessful Strategy Business Portfolio Ensures Results. Mr. Fernando Henrique Schüffner Neto Chief Officer for Business Development
Successful Strategy Business Portfolio Ensures Results Mr. Fernando Henrique Schüffner Neto Chief Officer for Business Development 1 Disclaimer Some statements and estimates in this material may represent
More information2005 fourth quarter and full-year results
Fred Kindle President and Chief Executive Officer Michel Demaré Chief Financial Officer 2005 fourth quarter and full-year results Zurich, 16 February 2006 Agenda Summary of 2005 fullyear and Q4 results
More informationWe add value as one company
Dr. Kurt Bock Chairman of the Board of Executive Directors Nomura Global Chemical Industry Leaders Conference Rome March 23, 2012 We add value as one company Forward-looking statements This presentation
More informationUBS Staff Agencies and Support Services Conference. 14 September 2011
UBS Staff Agencies and Support Services Conference 14 September 2011 Disclaimer This presentation may contain forward-looking statements based on current assumptions and forecasts made by Brenntag AG and
More information