Corporate Presentation 1.FCC Group
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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