RENEWABLES 100% green energy for Google N.65 MARCH 2017 2017 DAKAR RALLY Our electric racing car makes history MIDDLE EAST THE ART OF BUSINESS 01_PORTADAOK_ENG.indd 1 15/2/17 21:11 ACCIONA TRANSMEDITERRANEA ENG PAR.ai 2 16/02/17 11:48 C M Y CM MY CY CMY K EDITORIAL A COMPANY OF THE WORLD he expression “of the world” was once pretty widespread. Although it now sounds dated, the notion behind it is picking up speed in an ever more glo- balized economy. It refers to a person who is well-travelled, open-mind- ed, unprejudiced and willing to understand other mentalities as a means to self-improve. That definition can easily be extrapolated to a group like ACCIONA. We are companies of the world. Cultures are diverse by defi nition. they navigate tradition and change. A group with activities ranging We listen to expert scholars and for- from infrastructures to designing eign correspondents. We also review exhibitions, and from wineries three world summits: Davos, Abu to renewable energies, is diverse Dhabi and Marrakesh. by nature. Our international Th e newly-appointed General Man- approach is strengthened by our ager analyzes the know-how of experiences in diff erent industries ACCIONA Producciones y Diseño, and markets, and this allows us to leading company in the fi eld of cul- gain a competitive edge. tural engineering, after successfully Expansion enables multiculturalism. implementing innovative museum Our teams adapt their personal and designs from Russia to Oman and professional profi les to each country. China to Brussels. In Peru, we pro- Working hand in hand with native vided basic solar energy services for teams, they understand the idiosyn- remote locations. In Chile, we guar- crasy of each country and project. antee 100% clean energy to Google’s Rivalry with multinationals in each new Data Center for the region. tender completes us. And our expe- We are also here to rejoice: Bestinver riences abroad put us in touch with turns 30; Trasmediterranea turns our domestic clients. Sharing their 100. And we celebrate an impor- synergies makes us versatile. tant milestone for sustainability: Our experiences Th is magazine depicts the challenges ACCIONA EcoPowered becomes the abroad put us in touch and opportunities of globalization. fi rst zero-emissions car to complete As we enter the strategic market of the most extreme of rallies, the with our domestic the Middle East, we shine a light Dakar 2017. clients on the context: the development of those societies and their economy as www.acciona.com 3 03_ACCIONA_editorial_ENG.indd 3 17/2/17 17:31 SUMMARY EDITORIAL DAKAR 2017 A group of the WE’VE world with a MADE 03 multicultural spirit. 12 HISTORY Th e ACCIONA 100% EcoPowered is the fi rst zero emissions car to fi nish the world’s toughest rally. Proved: clean competition is both desirable and possible. IN NUMBERS BESTINVER 06 TURNS 30 Spain’s leading independent INTERVIEW investment fund and retirement plan manager celebrates sustained MUSEUMS growth and profi tability. AND EVENTS NEVER TO BE FORGOTTEN ACCIONA Producciones y Diseño’s new managing director unveils the keys to cultural engineering in exhibitions and events that are interactive, intense and exciting. A global vision from Spain to Russia, China to the Arabian Peninsula. 08HISTORY BUILDING BRIDGES IN OLD BILBAO Back to the 1930s, when Spain welcomed its fi rst bascule bridge allowing the fl ow of merchant ships. 18 Publisher: Th is magazine is printed General Director of Corporate Identity on chlorine-free paper Follow and Global Marketing. sourced from sustainable us on ACCIONA, S.A. forests. FSC certifi cation, Avda. de Europa, 18. provided by the Forest NEWS P. E. La Moraleja. Stewardship Council, ACCIONA 28108 Alcobendas. ensures that paper Madrid. Tel.: 91 66322 87 products come from 10 LATEST TWITTER FACEBOOK E-mail: well-managed forests Business [email protected] and that the chain results for 2016. Once again we are Production: of custody remains the greenest electric utility in the La Factoría, Prisa Revistas. unbroken throughout world. And working with National National Book Catalog Number: the transformation and Geographic in fi ve countries. M-35.445-1997. fi nishing process. INSTAGRAM YOUTUBE 4 04-05_ACCIONA_Sumario_ENG.indd 4 15/2/17 21:14 N. 65 March 2017 CLEAN ENERGY 38 THE GOOGLE AGREEMENT El Romero Solar is supplying 100% renewable energy to Google’s new 24 data center and its other facilities in Chile, which service the whole of Latin America. COOPE- GLOBALIZATION RATION 42 LIGHT AT THE REINVENTION HOME PROGRAM OF THE MIDDLE EAST Electricity supply to isolated Th e oil-rich region moves towards a diverse, demanding economy with a strong need for communities in Peru takes a huge infrastructure. Cultural adaptation is needed to succeed in a strategic market. leap forward thanks to micro enterprises selling and repairing solar power devices. SERVICES CLEANER 46 AND SAFER RAILWAYS As well as assuring hygiene for millions of passengers, ACCIONA’s maintenance and cleaning services for Spanish rail operator Renfe also 32 enhance safety. WORLD SUMMITS DAVOS, CENTENARY ABU DHABI, PAST AND MARRAKESH 48 FUTURE OF A SHIPPING AND CLIMATE COMPANY CHANGE Trasmediterranea turns 100. Th e long history of the company runs Are we making progress? Yes, parallel with Spain’s political, cultural but we need to pick up the and commercial development. pace. Th ree recent summits evidence the implementation of the Paris Agreement. However, the poorer countries need help, while the biggest polluters need GASTRONOMY to become more aware. Gastronomix, an 50 innovative culinary project that is also socially-oriented. 5 04-05_ACCIONA_Sumario_ENG.indd 5 15/2/17 21:14 IN NUMBERS BESTINVER TURNS 30 1993 CULTURAL SAW THE CREATION OF DIVERSITY: BESTINFOND, spanish employees work ITS FLAGSHIP FUND. alongside British and South African MISSION Yield since its inception: professionals ACCOMPLISHED 15,4% The team of AFTER THREE ANNUALIZED RETURN 12 DECADES MANAGERS AND ANALYSTS BESTINVER IS SPAIN’S LEADING* DRAWS ON INDEPENDENT In other words, an accumulated return of INVESTMENT 200 FUND AND 2,988.4%. RETIREMENT PLAN €10,000 invested YEARS QUICK BRIEF at the time MANAGER OF EXPERIENCE would have yielded almost €300,000 today. AND SPENDS Bestinver is also active in other IT HAS 4 European countries, mainly serving 30,000 HEADQUARTERS IN: Spanish clients, HOURS PER YEAR and over the last two years analyzing business opportunities Madrid, Barcelona, the Company’s international portfolio (which they call, “the shopping list”). Pamplona and León. HAS YIELDED A MANAGING Its portfolios off er over ASSETS 25.73% 40% GROWTH AMOUNTING RETURN POTENTIAL in more than TO 5,2 BILLION Th at SUSTAINED PROFITABILITY 60 COMPANIES in accounts for the Company’s stunning EUROS track record, including more than for more than 4 MAJOR SECTORS 40,000 INVESTORS: 100 international FINANCE INDUSTRY 83% in AWARDS 83% investment funds and the other 17% in retirement funds. COMMUNICATION CONSUMER 17% AND TECHNOLOGY VIDEO * Leading independent manager of managed assets according to data from Inverco at the end of December 2016. http://acciona.sa/Na3Q308iQRY 6 06_ACCIONA_CIFRAS3_ENG.indd 6 17/2/17 17:28 ACCIONA INMOVILIARIA ENG NUEVA IMPAR.ai 2 16/02/17 16:34 C M Y CM MY CY CMY K 08-09_ACCIONA_Historicas2_ENG.indd 8 15/2/17 21:21 HISTORY A BRIDGE TO GROW DEUSTO WAS SPAIN’S FIRST BASCULE BRIDGE. TODAY IS A SYMBOL OF THE GREATER BILBAO. by Patricia Alcorta 1930s. Bilbao is overrun with shipyards, factories, labourers and engineers. Th e city is becoming an industrial hub, but outgrowing the limits of its capacity. By connecting the districts of Abando and Deusto over water, Bilbao could gain some much-needed real estate. However, the project is faced with an unprecedented problem: the river is a busy shipping channel and a permanent bridge would block cargo vessels. So Deusto introduced Spain’s fi rst bascule bridge. Entrecanales and Távora built the foundations and four years later, in 1936, the bridge was completed. It had to be constructed twice, though. Blown up in 1937, it was back up and running two years later. 08-09_ACCIONA_Historicas2_ENG.indd 9 21/2/17 13:39 NEWS NET PROFIT GROWS BY 70% 2016 FINANCIAL RESULTS GROSS MILLION INVESTMENTS: EUROS 916 MILLION, In net profit quadrupling the 2015 352 fi gure Last year’s results include an extraordinary in Infrastructure: +91.8%. Th e Renewables income of 721 million euros from the division is still the main generator of EBITDA, ACCIONA Windpower (AWP) and Nordex at 62% of the group total. DEBT merger, plus extraordinary costs of 626 Business turnover stood at 5,977 million. REDUCTION: million arising from improvements to Th e Company’s growth is underpinned infrastructure and debt conditions. by the 21% increase in the Construction -0.5%. Earnings Before Interest, Taxes, Depreciation portfolio to 8,140 million euros and the and Amortization (EBITDA) rose slightly almost 700MW of renewable energy Now standing to 1,192 million euros, meeting planned orders following bid processes in Chile, at 5,131 targets, mainly due to the solid growth seen Mexico and Australia. million SAN ROMÁN, ACCIONA WATER AND BEACH PROJECTS ENERGY’S EIGHTH IN THE DOMINICAN REPUBLIC WIND FARM IN THE US Two new developments related to water. ACCIONA Energy has built On the one hand, the implementation of San Román in Cameron the Peravia Multiple Aqueduct Project County (Texas), a 93-MW in the south of country, which services around 138,000 people in a region that project with capacity to power has suff ered from a lack of drinking approximately 30,000 homes. water for more than 40 years. Alongside the Company’s other Th e €130m project has been developed seven US-based wind farms, by ACCIONA Agua in partnership with a San Román brings the wind local business.