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SALVADOR ALEMANY Chairman
SALVADOR ALEMANY Chairman Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR and future challenges Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR and future challenges Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR & future challenges • Changes to Board of Directors in 2015 • Changes to Board of Directors in 2016 • Developments in Corporate Governance • Annual report of Corporate Governance Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR and future challenges Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR & future challenges The Spanish economy in 2015 Negative real interest rate Expansive ECB policy GDP +3.2% High unemployment Public and private debt Economic growth slowdown GDP forecast 2016 (Bank of Spain): +2,7% Weak euro Price of oil Public-Private Partneships Corporate governance Economic context Assesment of 2015 Stock market and shareholder return The European economy in 2015 GDP Eurozone +1.6% Foundation, CSR & future challenges Corporate governance Economic context Assesment of 2015 Stock market and shareholder return The European economy in 2015 GDP GDP Eurozone +1.6% Overall EU +1.9% Rebounf of private consumption Decline in exports Foundation, CSR & future challenges Corporate governance Economic context Assesment of 2015 Global economy in 2015 GDP Global +3.1% Recovery in some of the most advanced economies Lower growth by emerging economies Oil price stability Stock market and shareholder return Foundation, CSR & future challenges Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR & future challenges Public-Private Partnerships Plan de Relance Imbalances in public finances Public-Private Partnership Ongoing negotiations Next legislative period Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR and future challenges Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR & future challenges A good year for Abertis Recovery of traffic on our highways IPO of CELLNEX Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR & future challenges L’economia europea La economía europea A good year for Abertis +6.1% Spain Recovery of traffic on our highways Sortida a borsa de CELLNEX Salida a bolsa de CELLNEX Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR & future challenges A good year for Abertis Recovery of traffic on our highways +6.1% +8.5% +1.8% +0.8% +0.7% Spain Chile France Puerto Rico Argentina -2.3% Brazil Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Results Operating income €Bn 4.38 +5% comparable Foundation, CSR & future challenges Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR & future challenges Results Operating income 4.38€Bn High degree of internationalisation 70% revenues outside Spain 37% Out of total income 30% Out of total income Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Results EBITDA €Bn 2.69 +5% comparable Foundation, CSR & future challenges Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Results EBITDA Net profit Group 2.69€Bn €Bn 1.88 +5% comparable +7% comparable Foundation, CSR & future challenges Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR & future challenges Results EBITDA Net profit Group Net debt Group 2.69€Bn 1.88€Bn €Bn 12.55 (4.7x) +5% comparable % +7 comparable -9% Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR & future challenges Results EBITDA Beneficio Neto del Grupo Deuda Neta del Grupo 2.69€Bn 1.88€Bn 12.55€Bn +5% comparable % +7 comparable Provision agreement AP7 -9% (4.7x) Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR and future challenges Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR & future challenges Stock market performance IBEX-35 120 -7.2% 105 90 Abertis 75 -7.9% 60 2015 ABERTIS IBEX 35 2016 Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR & future challenges Stock market performance Cumulative yield* IBEX-35 -7,2% 120 105 2003-2016 282% 90 11.2% annual Abertis -7,9% 75 60 2015 ABERTIS IBEX 35 2016 * reinvesting dividends, bonus issues and revaluation of the portfolio Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Shareholder structure 2015 23% Free Float 49% 2015 Actual 19% Treasury shares 1% 8% Foundation, CSR & future challenges Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Shareholder structure 2015 23% Free Float 49% 2015 Actual 19% Treasury shares 1% Foundation, CSR & future challenges Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Shareholder structure 2015 Free Float 53% 23% 2016 Actual Treasury shares 8% 16% Foundation, CSR & future challenges Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR & future challenges Shareholder structure 2015 Free Float 53% 23% 2016 Actual 75.000 Shareholders Treasury Shares 8% 16% Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR & future challenges Shareholder return 0.33 Ordinary dividend on account (paid November 2015) 0.69 €/share 0.36 Supplementary (payment 19 April 2016) +10% dividend per share [ 5% nominal increase + 5% bonus issue 2015 ] 1x20 Bonus share issue 2016 Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR and future challenges Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR & future challenges Foundation & CSR A responsible way to act in our daily life CSR Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR & future challenges Foundation & CSR A responsible way to act in our daily life 2016-2019 CSR Master Plan : - 4 areas - 13 objectives 1.Good governance and transparency 2.Eco-efficiency 3.Environmental integration 4.Health and safety CSR Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR & future challenges Foundation & CSR A responsible way to act in our daily life 2016-2019 CSR Master Plan : - 4 areas 13 objetivos New social responsibility policy CSR Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR & future challenges Foundation & CSR A responsible way to act in our daily life 2016-2019 CSR Master Plan : - 4 areas 13 objetivos New social responsibility policy CSR Corporate governance Economic context Assesment of 2015 Stock market and shareholder return VIDEO Foundation, CSR & future challenges Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation & CSR CSR Foundation, CSR & future challenges Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation & CSR CSR Foundation, CSR & future challenges Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR & future challenges Future challenges Compliance with Strategic Plan Rationalisation of the Spanish model of infrastructure financing Group's international growth Renewal and expansion of our concession base Corporate governance Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR & future challenges