Investor Relations Company Presentation
150
YEARS
Abertis 9M 2023 results
-
We are building the world of tomorrow.
HOCHTIEF
Essentials
• Average daily traffic (ADT) up +3% yoy: France (total ADT
+3%), Spain (+1%), Italy (+4%), Brazil (+4%), Chile (-3%),
Mexico (+3%) and USA (+4%)
• Operating revenues up 11% and EBITDA up 12% yoy, with
average tariff increase of 8.0%
•
•
•
•
Net profit pre-PPA amounts to EUR 618m, up 22% yoy
Abertis profit contribution to HOCHTIEF (20% stake) after
PPA amounts to EUR 68m (EUR +15m yoy)
Dividend of EUR 602m (HOCHTIEF share EUR 119m) paid in
Q2 2023
On 17 October, Abertis announced that it has won a large
highway privatization process in Puerto Rico with its USD
2.85bn bid. The 40-year concession adds 192km of toll roads
accounting for >60% of the island's traffic
• In addition, Abertis will acquire a 56.8% stake in the
SH-288 concession (expiry 2067) in Houston, USA, for USD
1.53bn from ACS Group
• Abertis' shareholders will contribute EUR 1.3bn to support
the financing of these transactions; S&P has confirmed its
investment grade rating post transaction announcement
Outlook Abertis Investment 2023
Guidance FY 2023: We expect our Abertis Investment to make a
similar contribution to operational net profit in 2023
compared to 2022
(EUR million)
Abertis - Key figures (100%)
9M
9M
9M
Q3
Q3
Q3
FY
2023 2022 change 2023 2022 change 2022
yoy
yoy
Operating revenues
comparable"
618
506
4,199 3,800 11% 1,482
11%
2,940 2,615 12% 1,026
11%
22%
1,373
8%
5,102
918
12% 3,536
221
221
0%
668
EBITDA
Comparable EBITDA"
Abertis net profit pre-PPA
1) Comparable variations consider constant portfolio, fx rates and other non-comparable effects
Abertis Investment - contribution to HOCHTIEF
(EUR million)
Nominal result¹)
Operational result²)
Abertis dividend received
9M
9M
H1
Q3
Q3
Q3
FY
2023 2022 change 2023 2022 change 2022
yoy
yoy
67.8
53.1
14.7
25.6
27.5
-1.9
66.7
67.8
53.1
14.7
25.6
27.5
-1.9
66.7
118.7
118.7
0.0
0.0
118.7
1) Nominal result included in EBITDA, PBT and Net Profit
2) Operational result included in operational PBT and Net Profit
14View entire presentation