Acciona S A : Company Overview 2024 (inglés)

ACCIONA

March 2024

Company Overview

DISCLAIMER

This document has been prepared by ACCIONA. S.A. ("Company" )exclusively for use as support material for the introduction of ACCIONA Group's activity. Therefore it cannot be disclosed or made public by any person or entity for any other purposes without the prior written consent of the Company. The Company does not assume any liability for the content of this document if used for any purposes different from the one outlined above.

The information and any opinions or statements made in this document do not purport to be comprehensive and have not been verified by independent third parties nor audited, and in some cases are based on management information and estimates and are subject to change; therefore no express or implied warranty is made as to the impartiality, accuracy, completeness or correctness of the information or the opinions or statements expressed herein. Certain financial and statistical information contained in this Presentation may be subject to rounding adjustments.

Neither the Company, its subsidiaries or any entity within the ACCIONA, any of its advisors or representatives assume liability of any kind, whether for negligence or any other reason, for any damage or loss arising from any use of this document or its contents.

The information contained in this document on the price at which securities issued by ACCIONA have been bought or sold, or on the performance of those securities, may not and should not be used to predict the future performance of securities issued by ACCIONA.

Neither this document nor any part thereof constitutes, and may not be relied on in any manner as, legal, tax, investment, accounting, regulatory or any other type of advice on, about or in relation to the Company nor may it be used or relied upon in connection with, form the basis of, or for incorporation into or construction of, any contract or agreement or investment decision.

IMPORTANT INFORMATION

This document does not constitute an offer or invitation to purchase or subscribe securities in accordance with the provisions of Regulation (EU) 2017/1129 of the European Parliament and of the Council of June 14, 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC.

In addition, this document does not constitute an offer of purchase, sale or exchange, nor a request for an offer of purchase, sale or exchange of securities, nor a solicitation for any vote or approval in any other jurisdiction.

Particularly, this document does not constitute an offer to purchase, sell or exchange or the solicitation of an offer to purchase, sell or exchange any securities.

Neither this presentation nor any part or copy of it may be taken or transmitted into the United States or published, released, disclosed or distributed, directly or indirectly, in the United States, as that term is defined in the United States Securities Act of 1933, as amended (the "Securities Act"). Neither this presentation nor any part or copy of it may be published, released, distributed or disclosed in Australia, Canada, South Africa or Japan. Any failure to comply with this restriction may constitute a violation of U.S., Australian, Canadian, South African or Japanese securities laws.

This presentation and the information contained herein are not a solicitation of an offer to buy securities or an offer for the sale of securities in the United States (within the meaning of Regulation S under the Securities Act). The securities potentially to be issued by ACCIONA Group as described in this document have not been, and will not be, registered under the Securities Act and may not be offered or sold in the United States absent registration under the Securities Act except pursuant to an exemption from, or in the case of a transaction not subject to, the registration requirements of the Securities Act and in compliance with the relevant state securities laws. There will be no public offering of those securities in the United States.

This presentation and its contents may not be viewed by persons within the United States or "U.S. Persons" (as defined in Regulation S underthe Securities Act) unless they are qualified institutional buyers as defined in Rule 144A under the Securities Act ("Rule 144A"). The Securities may not be offered or sold in the United States except to QIBs in reliance on Rule 144A or another exemption from, or transaction not subject to, the registration requirements of the Securities Act. By accessing the Information, you represent that you are (i): outside the United States or (ii) a QIB.

FORWARD-LOOKING STATEMENTS

This document contains forward-looking information and statements about ACCIONA Group, including financial projections and estimates and their underlying assumptions, statements regarding plan, objectives and expectations with respect to future operations, capital expenditures, synergies, products and services, and statements regarding future performance. Forward-looking statements are statements that are not historical facts and are generally identified by the words "expects", "anticipates", "believes", "intends", "estimates", "pipeline" and similar expressions.

Although ACCIONA believes that the expectations reflected in such forward-looking statements are reasonable, investors and holders of ACCIONA Group securities are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of ACCIONA, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements.

Forward-looking statements are not guarantees of future performance. They have not been reviewed by the auditors of ACCIONA. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date they were made. All subsequent oral or written forward-looking statements attributable to ACCIONA or any of its members, directors, officers, employees or any persons acting on its behalf are expressly qualified in their entirety by the cautionary statement above. All forward-looking statements included herein are based on information available to ACCIONA, on the date hereof. Except as required by applicable law, ACCIONA does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This report contains certain non-IFRS financial measures of the Company derived from (or based on) its accounting records, and which it regards as alternative performance measures (APMs) for the purposes of Commission Delegated Regulation (EU) 2019/979 of March 14, 2019 and as defined in the European Securities and Market Authority Guidelines on Alternative Performance Measures dated October 5, 2015. These measures should not be considered as an alternative to measures derived in accordance with IFRS, have limited use as analytical tools, should not be considered in isolation and, may not be indicative of the Company's results of operations. Recipients should not place undue reliance on this information. The financial information included herein has not been reviewed for accuracy or completeness and, as such, should not be relied upon.

The definition and classification of the pipeline of ACCIONA, which comprises both secured and under construction projects, highly visible projects and advanced development projects, as well as other additional opportunities, may not necessarily be the same as that used by other companies engaged in similar businesses. As a result, the expected capacity of ACCIONA's pipeline may not be comparable to the expected capacity of the pipeline reported by such other companies. In addition, given the dynamic nature of the pipeline, ACCIONA's pipeline is subject to change without notice and certain projects classified under a certain pipeline category as identified above could be reclassified under another pipeline category or could cease to be pursued in the event that unexpected events, which may be beyond the ACCIONA's control, occur.

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COMPANY OVERVIEW

ACCIONA AT A GLANCE

Providing the state-of-the-art sustainable solutions of today while exploring the solutions for tomorrow

•  Leading greenfield developer and operator of sustainable Infrastructure solutions

  Sustainability as our main strategic guideline

Focus on the energy transition and the global megatrends for a zero-emissions world, with four group of activities:

•  Energy: ACCIONA Energía, one of the world's largest owners and operators of renewable generation assets

•  Infrastructure: Design, construction and operation of high-value-added projects in the water, transport and social infra sectors

•  Wind Turbine Manufacturing: Nordex, one of the world's largest on-shore wind turbine manufacturers

•  Other activities: Property development, financial services, electric urban mobility & others

Global presence  72% of revenues from international markets

Close to 58,000 employees in 40 countries

Robust balance sheet  3.31x Net debt/EBITDA ratio

Capability to invest heavily in the enormous opportunities derived from the need to decarbonize the economy

A UNIQUE BUSINESS MODEL

• (1) Includes equity accounted projects

• (2) includes Mesena Campus

CITIES

>25 YEARS OF SUSTAINABLE SOLUTIONS

STRONG DEMAND FOR SMART INFRASTRUCTURES

Scarcity of players with the necessary technical and financial capabilities to deliver such a broad portfolio of sustainable solutions

SECTORS

FUNDING SOURCES

RETURNS

VALUABLE ASSET BASE

Broad infrastructure capabilities, global footprint and local expertise -> unique generation opportunities

ENERGY

INFRASTRUCTURE

13.5 GW

€34 bn backlog

+1.7 GW in 2023 (3x previous)

2023 a record year (sales, backlog & operating margins)

Global platform

High growth in OECD countries

Remarkable leap in Australia & US

New markets

Emblematic construction projects completed

Landmark concessions awarded

Innovative growth

Intensified concessions activity

Battery storage, green H2, state-of-the-art biomass, floating offshore wind, EV charging

Providing essential services to communities

NETDEBT/ EBITDA 3.3x

2023 HIGHLIGHTS

Financial Results

EBITDA

NET PROFIT

Revenues by region

€17,021m +52% yoy

Net Debt/EBITDA

Net Investment Cashflow (€m)

FY 2022

2.54x

+0.77x

3.31x 3.31x

FY 2023

€3,327m

EnergySpain

Businesses

Installed Capacity (MW)

Infrastructure Backlog (€m)

ESG

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GROUP EBITDA BREAKDOWN

EBITDA 2023: €1,981m

ND/EBITDA 3.31x

EBITDA: €1,285m (70.2% Generation margin)

INFRASTRUCTURE

EBITDA: €551m (7.1% margin)

NORDEX (1)

EBITDA: €117m (2.2% margin)

OTHER ACTIVITIES

EBITDA: €54m (4.4% margin)

•  13.5 GW total installed capacity

› 69% wind/31% Other technologies (Solar PV, Hydro, CSP, Biomass & Storage)

›

43% Spain/57% International

•  24.9 TWh of production

•  Acciona holds an 83.6% stake

•  c.€7bn market cap (100%)

•  Four businesses: Construction, Water, Concessions and Urban & Environmental Services

•  €24,508 million total infrastructure backlog

•  - €395 million invested in concessions

(o.w. €149m water / €246m others)

Notes

• (1) Nordex fully consolidated in ACCIONA Group since April 2023; these figures (EBITDA and EBITDA margin) relate, therefore, to the April - December 2023 period

• (2) GAV includes Mesena Campus asset

•  #3 wind turbine OEM ex-China

•  € 10.5bn backlog

•  €6.2bn order intake

•  Acciona holds a 47.1% stake

•  c.€2.7bn market cap (100%)

•  Bestinver -> €5,919m AUM

•  Property Development -> €1,805m GAV(2)

•  Electric mobility -> 9,178 vehicles sold

•  Facility Services -> €709m backlog

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Disclaimer

Acciona SA published this content on 22 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 March 2024 09:38:09 UTC.