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CORPORATE PRESENTATION
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Page 1: CORPORATE PRESENTATION - Abertis · 2017-11-21 · 15 2017 Corporate Presentation Efficient balance sheet management (2016) Increasing shareholder remuneration 2,000 in issued bonds

CORPORATE PRESENTATION

Page 2: CORPORATE PRESENTATION - Abertis · 2017-11-21 · 15 2017 Corporate Presentation Efficient balance sheet management (2016) Increasing shareholder remuneration 2,000 in issued bonds

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Index

10 Road Tech

4

16 Focused on continuous growth

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04 Abertis at a glance

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14 Solid results that grow each year

6

20 Responsible corporate governance

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02 Introduction

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08 Road Safety

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12 The best partner for the infrastructure of the future

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18 Committed to society and the environment

8

206 Abertis in the world

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Together we move the world

Abertis manages thousands of kilometers of high capacity, high quality roads around the world. We have only one priority: the safety of all travelers using our roads.

We want to be a part of the solution to challenges associated with increasing global road travel. That’s why our commitment to society focuses on long-term investments in high-quality infrastructure.

We have been working for over 50 years to become a leader in the sustainable financing and management of the infrastructure of the future. Our track record makes us a trusted partner for governments.

This is how we aim to build the foundations of our success, for the benefit of our employees, clients and partners.

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Value creationWe combine commitment to our shareholders and

employees with our contribution to the growth of the countries in which we operate.

Financial strength and industrial experience

Abertis is a leader on one of today’s greatest global challenges: the sustainable �inancing

of the infrastructure of the future.

Safe and innovative roadsWe invest in technology and smart

engineering to make sure our customers have the best experience.

Partnering with governmentsOur long-term commitment and high quality

services make us a trusted partner to governments.

International leaderWe manage thousands of kilometers of high

capacity, high quality roads around the world.

Solid results:Revenue +13%Ebitda +20%

Investments (2010-2017)€12,000Mn

14 countries

More than 16,500 collaborators

8,650kilometers

Long-term visionWe want to be a part of the solution to problems

associated with the increase in global traf�ic.

Mobility innovation

Leaders in free-flow toll

systems

Global road safety campaigns

Committed to society and the

environment

Responsibility and

transparency

Dividends (2010-2017)€5,000Mn

Over €1,800Mn

in tax contributions

More than 50 years of experience

Best practices

Management excellence

2016 Figures

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4 1 Abertis at a glance

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Other stakes

India152 km

47 .

Argentina175 km

2,220

Puerto Rico90 km

70

TelecommunicationsMobility technology Concessions

91% 34%Payment systems

86km 74kmColombia United Kingdom

Italy236 km

990

France2,039 km

2,700

Spain1,777 km

1,900

Brazil3,250 km

5,700

Chile771 km

1,975

2016 Figures

2 Abertis in the world

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Since 2017 we have been partnering with UNICEF to help them with their initiatives to

fight the main cause of death of children in school age: road accidents.

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We are committed to continuous improvement in road safety worldwide.

Abertis’ Road Safety program capitalizes on more than 50 years of knowledge and experience in road construction and management with the highest standards of quality.

We invest in technology and smart engineering to make sure our customers have a smooth experience using our roads.

We apply advanced construction and management practices and collaborate with world-class institutions and organisations.

Each year we launch awareness-raising initiatives for groups such as children and young people, while promoting university research programs.

€ Mn47in 2016

12% 24%2013-16 2013-16

Continuous investment

Accident reduction

Reduction in the number of victims

TOGETHER FORSAFER ROADS

®

3 Road Safety,our priority

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Abertis is committed to finding solutions to the mobility challenges of the future.

4 Road TechToward a smarter, saferand more sustainable mobility

We manage roads in an efficient and modern way, innovating in technology and investing in smart engineering programs for a sustainable future.

Abertis’ Road Tech program drives projects that focus on the new challenges facing

mobility, such as electric, connected or self-driving vehicles.

The Group also leads on innovation in the digitalization of road payment methods and mobility solutions through the implementation of free flow toll projects in numerous countries.

Projects

Issuers of payment methods Free flow and toll charging technology

Electric vehicle Connected and self-driving vehicle Generating ideas

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5 A trusted partner for the infrastructure of the future

Abertis wants to be the trusted partner to both governments and companies, to contribute to one of today’s global challenges: the sustainable financing of the infrastructure of the future.

Our partners

Fostering public-private partnerships

Our track record of collaboration with governments brings alive the advantages of public-private partnership systems:

Investment agreements in exchange for extensions to concession terms

• Efficient management of public assets• Sustainable mobility solutions

• Boost to economic development• Public-private partnerships

Relance Plan I Relance Plan II

750France

Mn€

Arteris network improvement plan

2,000Brazil

Autopista Central and del Sol

800Chile

Extension of PR-22 and PR-5

125Puerto Rico

North Link

1,500Italy

GCO and Ausol network improvements

450Argentina

Mn€ Mn€ Mn€ Mn€ Mn€

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We offer our shareholders the best growth and yield combination

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Efficient balance sheet management (2016)

Increasing shareholder remuneration

2,000in issued bonds

90%Long-term debt

90%Fixed rate debt

3.1%Corporate debt

cost

x4.4Debt cost/

Ebitda

Cumulative share yield

Fitch BBB+S&P BBB

Rating

+10%Strategic objective

per year 2015-2017

70%2011-2016

Ordinary accrued dividends (€Mn) Dividend per share (€Mn)

651

0.69

723

0.73

+11%

5,000Dividends

2010-2017

Mn€

Mn€

6 Solid results that grow each year

Growth across all figures (2016)

Revenue

8%

9%

15%

34%

26%

3%

5% 5%

Ebitda

5%

11%

11%

34%

32%

2%

Spain BrazilFrance ChileItaly Rest Hispasat

4,936 Mn€

Revenue

+13% +20% +13% x2.5

Ebitda Net profit Investment

3,240 Mn€ 796 Mn€ 2,600 Mn€

2017 third quarter results

4,186 Mn€

Revenue

+16% +14% +2%

Ebitda Net profit Investment

2,754 Mn€ 735 Mn € 3,200 Mn€

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7 Focused on continuous growth

The Group analyzes all projects under a strict financial discipline, from the perspective of the industrial role that characterizes the company.

In 2016 Abertis has continued to strengthen its international presence with its entry into two new markets: Italy and India.

The Group also seeks growth among its existing asset base through transactions that strengthen control.

In 2017, Abertis has increased its stake both in French subsidiary Sanef – up to 100% – and Italian A4 Holding – up to almost 90%.

Abertis focuses on disciplined growth in markets with solid and trusted legal frameworks.

Acquisition of up to 100% of HIT (Sanef)

France

Control of 100% of Autopista Central

Chile

Acquisition of up to 86% of A4 Holding

Italy

Acquisition of two roads

India

Acquisition of Via Paulista

Brazil

10-year extension to the Metropistas concession

Puerto Rico

in investments in 2010-2017

12,000 € Mn

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8 Commitment to Society and the Environment

We want to contribute to the growth of the countries in which we operate, not only from a purely economic perspective, but also through the social impact of our activities: with our dividends and salaries, improved road infrastructure resulting from our continuous investment, territorial development in terms of our relationship with suppliers and clients or the financing of wellbeing through taxes, among others.

We are commited to a fair and inclusive work environment where the contribution from each employee is valued.

We promote diversity through our hiring, internal promotion and training and development programs.

Through the Abertis Foundation, we develop a broad program of partnerships with society focusing on projects linked to road safety, the environment, culture and social inclusion.

80%Executive positions filled

through internal promotionin 2016

Fiscal contribution

18%Workplace accidents

1,825 € Mn

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9 Responsible Corporate Governance

Good Corporate Governance is an essential factor for sustainability and long-term growth.

Abertis has adjusted the composition of its Board of Directors to its new shareholders structure, where free-float has exceeded 75% in the last two years.

As a commitment to transparency, Abertis complies with Good Governance regulations applicable to listed companies and with the majority of the recommendations of the Code of Good Governance.

615Directors

9Independent (60%) Women (40%)

Criteria Caixa22%

Treasury ‘shares’8.25%

Total Free Float78%

Shareholder structure

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