Corporate Presentation 1.FCC Group
2.FCC Environment FCC Group
1. FCC Group
2. History
3. Key Figures
4. Diversified business model
5. Corporate Governance Structure FCC Group 1.1. FCC Group
Over Over Working in High degree of 100 years 58,000 over 30 countries, revenue of experience employees 45% of revenue comes from visibility international markets
Leader in Environment, Water and € 5,989 M revenue and Comprehensive range of services Infrastructure Development € 861 M EBITDA in 2018
4 FCC Group 1.2. History
1900 1911 1913 1924 1940 1979 1989 1991
Fomento de Obras First contract for First services Construction of Solid waste First large project First refuse • First integrated water y Construcciones cleaning and contract in Término/France collection overseas: Burying collection and management contract (FOCSA) is created maintenance Madrid station in contracts Madrid 640 km of the street cleansing for the city of Vigo services for the Barcelona and Zaragoza Tripoli telephone contract • First sustainable, sewerage system in the United network waste- collection in Barcelona Kingdom (Brighton vehicles with LPG & Hove) engines
1992 2005 2006 2013 2014 2015 2016 2018
Construcciones y Acquisition of Strengthening in the Riyadh Metro, the • Slim Group enters • First waste • Second capital • FCC sells 49% Contratas, S.A. is A.S.A (Currently United Kingdom with largest contract and FCC undergoes collection increase Mandatory Aqualia to IFM merged with FCC Environment the acquisition of awarded in the capital increase contract in Orange takeover bid by means Australian Fund Fomento de Obras y CEE) Waste Recycling history of Spanish County, Florida of which the Slim Group • Lima and Doha Construcciones, S.A. Group (WRG) construction. (US) now has a 61% stake in • Second waste Metro contract management (Focsa), giving rise (Currently part of the FCC Group awards. • Construction and to Fomento de FCC Environment UK) plant awarded in operation contract • Contract for the Construcciones y • First waste Houston TX USA for a recycling design, construction Contratas, S.A. transportation plant in Dallas and operation of the (FCC) contract in Houston (US) El Salitre WWTP, (Texas), USA. Bogotá. Construction of HSR • Contract for L2 of Madrid-Sevilla the Panama Metro 5 FCC Group 1.3. Key figures / 2018
Revenue EBITDA
861 834 58,200 5,952 5,990 815 employees 5,802
2016 2017 2018 2016 2017 2018 Backlog * (Dec. 31.2018) € 28,972 M Figures in million euros * Environment, Water and Construction 6 FCC Group 1.4. Diversified business model
Revenue per business área / 2018 EBITDA per business área / 2018
Total: € 5,989 M Total: € 861 M
Environment Environment € 2,822 M / 47.1 % € 441 M / 51.3 % Corporate Corporate Services Services € 24 M / 0.4 % € 36 M / 4.3 %
Water Construction Construction € 1,115 M / 18.6 % & Cement Water & Cement € 2,028 M / 33.8 % € 247 M / 28.7 % € 136 M / 15.7 %
7 FCC Group 1.4. Diversified business model
Business Areas
Environment Water Construction Cement
Refuse collection Integrated management Civil Works Cement Urban waste treatment of public services Building Trading and recycling Operation, maintenance Industrial Other businesses Street cleaning and technical assistance Concessions (Concrete, Aggregate, Mortar Ground maintenance services Infrastructure Waste reduction in USA) Maintenance of sewerage Design, construction and maintenance Systems financing of water Prefabrication Facility cleaning and maintenance infrastructures Industrial waste treatment and recycling Remediation of polluted soils 8 FCC Group 1.5. Corporate Governance Structure
Shareholding structure * Composition of the Board
E.Koplowitz Grupo Slim 15 members: 20.01 % 61.1 % • 8 representing Slim Group • 4 representing E. Koplowitz • 3 independent directors
Audit and Remuneration Board Commissions: Free Float 18.9 % • Chaired by independent members • Majority of independent members
Other relevant shareholders: • William H.Gates: 5.7 %*
* As of latest communications to the CNMV (Spanish stock market regulator) 9 FCC Environment
1. Activities 2. Main features 3. Value Creation 4. Key figures 5. Business structure 6. International presence 7. Global leader 8. Commited to innovation 9. Commited to inclusion 10.Caring about the Environment 11.Awards and relevant projects FCC Environment 2.1. Activities
MSW collection Street cleansing MSW Treatment & Recycling
Sewerage system Industrial waste management Ground Maintenance maintenance & Soil remediation
11 FCC Environment 2.2. Main features
Providing services Top 7 in Serves nearly Most technologically Over 300 waste ISO 50001 certificate to cities the world 60 million advanced vehicle Treatment and recycling since 1911 Comprehensive Energy citizens fleet in the world centres Management with over 16,000 units
Management of Operating in nearly 2,126 sustainable Over 39,000 Inclusion of 24.5 million tons 5,000 vehicles employees underprivileged waste per year municipalities (CNG, electric, groups in the workplace hybrid and bi-power) 12 FCC Environment 2.3. Value Creation
Our leadership position strengthens our capacity to take advantage of the demand of our activities
• The EU Circular Economy Package requires member states to recycle at least 50% of municipal waste by 2020, 55% by 2025 and 65% in 2035, and a 10% máximum landfilled Waste by 2035. • Transposing the various EU directives on waste and FCC Environment recycling, and the development of new Regional Waste Management plans on Recycling, Waste-to-Energy and Composting open a wide range of growth opportunities in Spain. • Commited to fight against climate change and achieving the UN’s 2030 Agenda SDG. • Good potential for International organic growth (America, Central Europe) 13 FCC Environment 2.4. Key figures/ 2018
Revenue EBITDA
39,387 2,736 2,822 441 2,728 439 employees 426
2016 2017 2018 2016 2017 2018 Backlog (Dec. 31.2018) € 9,804 M Figures in million euros
14 FCC Environment 2.5. Business structure
• 2019F: €1,715.8 M Turnover (58.16%); €279.9 M EBITDA • Spanish market leader Environment Spain / Portugal • Over 100 years experience in the waste management industry • Technological development and innovation Industrial and • Spanish market leader dangerous waste - Ámbito • Strong presence in Portugal
• 2019F: €1,234.1 M Turnover (41,84%); €226.0 M EBITDA
Environment • Key presence in: International • United Kingdom • Central / Eastern Europe • Other countries: Egypt (until Dec 31 2018) • Well stablished in the USA (FCC Environmental Services)
15 FCC Environment 2.6. International presence
International Revenue 2018 Slovakia
Czechia Total: € 1,213.3 M United Kingdom Serbia Poland Hungary
Romania United Kingdom 25.4 % / € 718.1 Austria M Spain Bulgaria USA 43.0 % Central Europe Portugal 15.6 % / € 441.7 M
Egypt USA and others 2.0 % / €53.5 M FCC Environment: •#1 in Spain (1) •Among the top 5 in Waste Management in UK (1) •#1 in comprehensive Waste Management services in Central-Eastern Europe(1) International backlog* (1) Based on Annual Turnover (Dec 31.2018) € 4.198 M (1.5 years)
*42.8 % of the Total 16 FCC Environment FCC Medio Ambiente 2.7. Global leader
Among the top 7 companies in the world, we have Experience been providing services for more than 100 years
We offer a complete range of environmental services, from Comprehensive domestic Waste Collection to the most advanced waste treatment and recycling systems
With internal R & D resources that allow us to offer Innovation the most innovative solutions to our customers. 14 registered projects at our R+D+I certified system - standard ISO UNE 166002
Sustainability Commitment to cities in offering socially, economically and environmentally sustainable solutions
Smart Services We help cities to be more effective and resource-efficient, more sustainable and more socially responsible
17 FCC EnvironmentLíder mundial en Incineración con producción de Energía Renovable 2.7. Global leader
Incineration with production of Renewable Energy
• Eleven Waste-to-Energy projects • Over 360 MWe of electrical power • 3.2 million tonnes of annual capacity
Allington (United Kingdom) Zistersdorf (Austria) 550,000 t/y 154,000 t/y 18 FCC Environment Tratamiento Mecánico-Biológico a Gran Escala 2.7. Global leader
Massive-scale Mechanical-Biological Treatment
Ecoparque of Barcelona Biomethanization Plant of Las Dehesas One of the largest facilities in the world ( Technological park Valdemingomez / Madrid ) The world's largest Anaerobic Digestion Facility • Operating since 2003 • Facility: Recycling, anaerobic digestion and composting • Started operations in 2009. facilities • Facility: Anaerobic digestion (5 digestors x 3.600 m3) • Treatment capacity : 264,000 t./y • Treatment capacity: 218,000 t./y • Population served : 542,000 inhabitants (Organic fraction as the input) • Population served: 3 millions inhabitants 19 Recolección de Residuos y Limpieza Viaria en las FCC Environment principales ciudades 2.7. Global leader
Municipal services since 1911
Madrid, 1940 Barcelona, 1911 Bilbao, 1972 3 million inhabs. 1.6 million inhabs. 350,000 inhabs.
Valencia, 1957 Zaragoza, 1940 790,000 inhabs. 700,000 inhabs. 20 FCC Environment Energía renovable en vertederos sanitarios 2.7. Global leader
Renewable energy from sanitary landfills
• FCC recovers biogas from many landfills for use as renewable fuel • Program for the development of more than 100 MW of wind and photovoltaic energy in United Kingdom landfills
Biogas capture Wind turbines Photovoltaic panels 21 FCC Environment 2.8. Committed to innovation
40 years developing electric mobility
FCC Environment has been developing electric mobility technology for over 45 years and implementing it in its Municipal Services vehicles, both light and heavy-duty sizes. Today it has a fleet in constant growth of 2,126 sustainable vehicles, among which 724 are electric, 93 self-rechargeable electric, 144 bi-power (petrol and 100% self-rechargeable electric RCV CNG), and 1,161 CNG. Madrid
Smart recharging stations Electric compact RCV Toledo 1985 Barcelona 22 FCC Environment 2.8. Committed to innovation
e-mobility: Future of Urban Services is Today FCC Environment developed the first industrial e-mobility Chassis- platform for Urban Services, an actual breakthrough to achieve smarter and more sustainable cities: ü Versatile: adjustable to every functionality in urban services and every Power requirement ü Efficient: Range and performance equal to any combustión vehicle, with a 50% lower energy comsumption. ü Zero Emission Vehicle ü Circular: 100% Recycling Components and extended lifespan
New e-mobility Platform for Urban Service Vehicles
23 FCC Environment 2.8. Committed to innovation
ARSI project: Aerial Robot for Sewer Inspection
Within the framework of the European project Echord++ (European Coordination Hub for Open Robotics Development), FCC Environment, together with other companies, is developing an innovative automatic air micro vehicle (DRONE) dedicated to the inspection of the sewer network in Barcelona, which will improve work safety, increase productivity and reduce costs. Awarded as “Relevant Project” by the Technological Centre of Barcelona, Eurecat in June 2017.
ARSI in motion, accessible gallery, Barcelona 2017
ARSI in accessible gallery, Barcelona 2017 24 FCC Environment 2.8. Committed to innovation
METHAmorphosis Project
The METHAmorphosis project, registered in the European LIFE program, and located in the Ecoparc 2 (Montcada i Reixac, Barcelona), has the main goal of enhancing the biogas production from waste and its use as fuel in Municipal Service vehicles.
Vehicles for Bio-methane tests Ecoparc 2
Biogas recovery facility Ecoparc 2
25 FCC Environment 2.9. Committed to inclusion
FCC Equal
§ FCC Equal is a Special Training and Employment Centre commited to working for labour and social insertion § In 2018 the first Employment Fair for Vulnerable People with difficulties for Social Inclusion was celebrated at the Smart City Expo World Congress, Barcelona. § Organized by FCC Equal in collaboration with fundación Incorpora de la Caixa, Inserta from Fundación Once and the Smart City Expo Word Congress Team. § Along last year: § 146 job offers § 579 analized candidates § 280 inserted people § Nowadays, all this work is driven through the fundación Incorpora
People from FCC Equal pictured at the Wall of SCEWC 2018 - Barcelona 26 FCC EnvironmentComprometidos con la protección del Medio Ambiente en todo el mundo 2.10. Caring about the Environment
BP Oil spillage Decontamination of Flix USA Reservoir - Spain
Soil remedation Prestige – Oil spillage Spain Italy 27 FCC Environment 2.11. Awards and relevant projects
Mechanical-biological treatment plant, Ecocentral / Granada (Spain) Renewal of the integrated waste management contract in the province of Granada Treatment of 382,000 tons of waste per year 28 FCC Environment 2.11. Awards and relevant projects
Environmental Compound Guipúzcoa 2ª Stage – CMG-2 ( Spain) Investment: €32,2 million– 20 years– Biomethanisation 50,000 tpa - IBA recycling 52,000 tpa – 700,000 inhabitants served – 15,000 MWh annually Renewable Energy 29 FCC Environment 2.11. Awards and relevant projects
Environmental Compound Madrid East Region - Loeches ( Spain) Investment: €58 million – 5 sorting lines – 254,000 tpa – 730,000 inhabitants served – 31 Municipalities 30 FCC Environment 2.11. Awards and relevant projects
MSW collection WEST area / Madrid ( Spain) Since1940 – over 1 million inhabitants served - Innovation, technology and efficiency – 410,000 collected tpa – 31 OBV €250 million FCC Environment 2.11. Awards and relevant projects
MSW Collection and Street Cleansing Barcelona / Spain Bid submitted, awaiting resolution, since 1915 - 440 vehicles, over 65% electrical, 1,600 people, 593 km covered 32 streets / 268,000 collected tpa – OBV €846 million 8 years CENTRAL area FCC Environment 2.11. Awards and relevant projects
Maintenance and preservation of the sewerage network in Barcelona / Spain Renewal of maintenance and preservation contract, operated by FCC since 1911. 57 100% electric ZEV vehicles. 630 km of piping and galleries / Collection of 5,000 tons of refuse per year. 33 FCC Environment 2.11. Awards and relevant projects
Bilbao: Collection, Street Cleaning, Mercabilbao & Building Cl. / Spain Since 1972, 350,000 inhabitants. 300 vehicles, 62 ZEV, 1,000 employees. OBV: €216 m. Period: 4+2 years 34 FCC Environment 2.11. Awards and relevant projects
Lostock: WTE facility / United KIngdom Investment: ₤480 M (€560 M). 40% FCC – 60% Copenhagen Infrastructure Partners (CIP) DFBO. FCC Environment carries out100% O&M and Waste supply. 600,000 tpa, 60 MWe, energy for 110,000 homes 35 FCC Environment 2.11. Awards and relevant projects
Greatmoor’s WTE facility / Buckinghamshire (UK) 30 years contract (OBV €1,100 m) / 300,000 tons of waste per year to generate 22 MW
36 FCC Environment 2.11. Awards and relevant projects
Zero Waste: Edinburgh and Midlothian / United Kingdom OBV: ₤ 450 m ( € 511 m ) Design, financing, construction and operation of a recycling plant and an energy-from- waste facility in Millerhill (Midlothian), south of Edinburgh. 25-year contract. Management and treatment of 160,000 tpa to power 32,000 homes. Fully operational since April 2019 37 FCC Environment 2.11. Awards and relevant projects
Solid waste and recyclable collection in Polk County / Florida (USA) West sector. Service: 375,000 inhabitants. OBV: $102 m. Operation term: 10 years. 46 waste collection vehicles 38 FCC Environment 2.11. Awards and relevant projects
University Park Garland
Dallas Mesquite
Single-Stream Material Recovery Facility / Dallas (Texas, USA) Design, Financing, Construction and Operation. 25-year operation period. Fully operational since January 2017. OBV: € 270 m. 140,000 tons of recyclables per year. Best Recycling Facility of the Year for the NWRA USA. Recycables management at Dallas, University Park, Garland and Mesquite (Dallas Metroplex Area) 39 FCC Environment 2.11. Awards and relevant projects
Single-Stream Material Recovery Facility / Houston (Texas, USA) Design, Financing, Construction and Operation. 15+5-year operation period. OBV: $250 m. Up to 145,000 tons of recyclables per year. Recyclable management at the City of Houston, 2.3 million inhabitants. Fully operational since April 2019 40 FCC Environment 2.9. Awards and relevant projects
Waste-to-Energy plant ‘EnviRecover’ / Hereford and Worcester (UK) Full operational since March 2017, 700,000 inhabitants. 200,000 t. of waste to produce 160,000 MWh per year. 41 FCC Environment 2.11. Awards and relevant projects
Las Palmas: Maintenance/preservation of Green areas & Playgrounds/ Gran Canaria, Spain Since 2004 – 377,000 inhabitants – 326 employees, 88 vehicles, 52 ZEV and CNG, 253 Ha, 17,824 palm trees, 23,234 trees, 152 playgrounds. OBV: €45 m. Term: 4+2 years. 42 FCC Environment 2.11. Awards and relevant projects
Recyclable collection with ARA / Altstoff Recycling Austria 93 districts, 685,000 inhabitants, since 1993, 13,000 t. of recyclables per year . OBV: €17,5 m, Term: 5 years. 43 FCC Environment 2.11. Awards and relevant projects
HWRC Operation / Wiltshire County (UK) 9 facilities – 470,000 inhabitants – 46,000 tpa. OBV: €39 m. Term: 8 + 8 years. 44 FCC Environment 2.11. Awards and relevant projects
Malesice Plant / Praga – Czech Republic Transfer Station & Waste Recovery facility in operation since October 2017. Throughput: over 70,000 tpa. 45 Disclaimer
• This document may contain forward-looking statements about intentions, expectations or predictions of the FCC Group on the date of issue, relating to various aspects such as the growth of the different lines of business, results of the FCC Group or other aspects of the business and its status.
• These forward-looking statements or predictions do not constitute —by their very nature— guarantees of future compliance, as they are dependent on risks, uncertainties, and other significant factors that could cause the actual developments and results to differ materially from those expressed in the said intentions, expectations or predictions.
• This document does not constitute an offering or an invitation to acquire or subscribe shares in accordance with Act 24/1988, of 28 July, on the Securities Market, Royal Decree-Act 5/2005, of 11 March, and/or Royal Decree 1310/2005, of 4 November, and their implementing regulations.
• This statement should be taken into account by all persons or institutions who may have to take decisions or prepare or disseminate opinions relating to securities issued by the FCC Group. Such persons are invited to consult the documentation and public information communicated or registered by the FCC Group with the Spanish National Securities Market Commission.
• This document contains financial information that has been audited and prepared in accordance with International Financial Reporting Standards (IFRS).
46