Our global leadership in figures

Transcription

1 GROUP PROFILE

2 Our global leadership in figures 5,000 km of toll motorways in Italy, Brazil, Chile, India and Poland 5 airports in Europe 2 serving Rome and 3 serving the Côte d Azur A technological leader, world number one in electronic tolling systems and traffic information services

3 Atlantia is a pure-play infrastructure investor, operating high-quality assets around the world Over 5 million customers a day use the Group s motorways Approximately 60 million passengers a year handled in our airports 10.7 million payment instruments managed by Telepass Total revenue of 5.5 billion EBITDA of 3.4 billion Capital expenditure of 1.4 billion (2016 figures)

4 Where we operate We are Italy s number one motorway operator, managing 50% of the country s toll network We are present in economies with high growth potential in Latin America, eastern Europe and Asia We operate the airport systems serving Rome and the Côte d Azur ITALY 3,020 km of network 2 airports 47 million passengers 230 destinations Rome Autostrade per l Italia Autostrade Meridionali Raccordo Autostradale Valle d Aosta Società Autostrada Tirrenica Tangenziale di Napoli Mont Blanc Tunnel Aeroporti di Roma Fiumicino Ciampino

5 Cracovia POLAND BRAZIL THE WORLD 61 km of network 1,538 km of network FRANCE Colinas Rio Bueno 3 airports 12,4 million passengers 110 destinations Katowice Rodovia MG050 Tieté São Paulo Cracovia Katowice Katowice Triangulo do Sol Puerto Montt Katowice Stalexport Autostrady Cracovia Cracovia CHILE 313 km of network Cracovia Acceso Vial Aeropuerto AMB Casablanca Casablanca RioRioBueno Bueno Algarrobo Algarrobo Costanera Norte SantiagoCasablanca Rio Bueno Nororiente Algarrobo Vespucio Sur Nice Puerto Montt Puerto Montt Puerto Montt Cartagena Cartagena Litoral Central Los Lagos Cartagena Cannes INDIA USA Dombivili Dombivili 110 km of network St. Tropez Pune-Solapur Ahmadnagar Ahmadnagar Free-flow electronic tolling solutions PunePune Latur Latur Sholapur Sholapur Mumbai Pune Mumbai Mumbai Sangli Sangli Solapur Kolhapur Kolhapur ETC Corporation Gulbarga Gulbarga

6 60 years of setting records Every year, we break down barriers to bring people closer together 1958/ Autostrada del Sole Eurobonds Telepass USA UK Construction and opening of the 800-km long Autostrade del Sole motorway (A1 Milan-Naples) First Eurobond issue in the history of the capital markets The world s first electronic tolling system The first ever privatelyowned toll motorway in the USA, the Dulles Greenway in Virginia The M6 Toll, the UK s first ever toll motorway

7 Austria Tutor Patented method of tunnel widening Brazil and Chile Aeroporti di Roma Variante di Valico The world s first free-flow tolling system on over 2,000 km of motorway network The world s first system for monitoring average speeds The world s first system of excavation without interrupting traffic flow Atlantia expands its presence in Brazil, with responsibility for over 1,500 km of network Atlantia strengthens its foothold in Chile, operating more than 300 km of network Integration of Aeroporti di Roma. Investment of 10 billion in expansion of Fiumicino airport Opening of the Variante di Valico, an example of Italian engineering excellence and, in terms of excavated volume, comparable to Europe s biggest tunnels

8 Ownership and structure of the Group InvesCo Italian Holdings S.r.l. (GIC Private Limited) 8.14% (2) Fondazione Cassa di Risparmio di Torino 5.06% (2) Treasury shares 0.66% Sintonia (Edizione) (2) (3) 30.25% Free float 55.89% (1) (1) Source: Nasdaq, data as at 31 December 2016 (2) Source: CONSOB data as at 31 December 2016 (3) Sintonia is wholly owned by Edizione (a company owned by the Benetton family).

9 Attività Italian autostradali motorways italiane Attività Overseas autostradali motorways estere Attività Italian aeroportuali airports italiane Attività Overseas aeroportuali airports estere Business Related businesses correlati 6 concessions Brazil: 4 concessions Chile: 6 concessions Poland: 1 concession Aeroporti di Roma: 2 airports Aéroports de la Côte d Azur: 3 airports Telepass Spea Pavimental

10 A unique Group, thanks to our integrated expertise SERVICES INVESTMENT FINANCING TECHNOLOGY safety comfort and assistance maintenance infrastructure upgrades free-flow tolling control systems for motorway traffic traffic information airport automation solutions design project management construction surfacing

11 A unique combination of technology, innovation and investment capabilities, creating increasingly efficient and sustainable transport solutions

12 Services We pursue excellence in the quality we offer, combining management expertise with technology and innovation 7,000 people, 2,200 snow-clearing vehicles and equipment and technology designed to provide assistance around the motorway network 4,500 video cameras, 1,900 variable message panels and 2,100 sensors to constantly monitor safety and traffic flow

13 Work on improving the quality of service offered by ADR at all stages of the airport experience is ongoing: accessibility, security screening, baggage handling, the cleanliness of terminal buildings and the introduction of Terminal Managers

14 Investment We coordinate every phase of the construction process, from design through to maintenance Motorway upgrades in Italy * 484 km of widened motorway opened to traffic Final design for Genoa Bypass submitted for approval 36 km of works in progress Network operated by Autostrade per l Italia (*) Excluding additional works indicated in the Plan of 2007, which only commits the Group to developing preliminary designs. Investment of 25 billion, of which over 11 billion already completed, in order to upgrade 1,066 km of Italian motorway network

15 FIUMICINO NORTH New Terminal Investment of 5.4 billion Increase in capacity to 100 million passengers a year FIUMICINO SOUTH Expansion Investment of 4.1 billion Increase in capacity to 58 million passengers a year 25 additional loading bridges Non-EU/Non-Schengen Terminal Domestic + EU/Schengen Terminal Area E New pier (opened in 2016) D C B A New pier (to open in 2019) T3 T1 New retail plaza (opened in December 2016) Extension of Terminal T1 and new retail plaza (to open in 2021) Approximately 10 billion is being spent on the expansion of Fiumicino airport

16 The Variante di Valico Italian engineering excellence at the service of mobility Original motorway Variante Tunnels Sasso Marconi Bologna VARIANTE DI VALICO Distance Length of tunnels Excavated volume km 7.9 million m 3 59 km (32 km of new motorway) 180 m m 2 La Quercia A1 SAN GOTTHARD TUNNEL Distance Length of tunnels Excavated volume 7.9 million m 3 57 km km 72 m m 2 Badia Nuova Firenzuola BOLOGNA-FLORENCE HIGH-SPEED RAILWAY Distance Length of tunnels Excavated volume 69 km 79 km 9.6 million m m 2 Aglio Florence Barberino CHANNEL TUNNEL Distance Length of tunnels Excavated volume 50.5 km 8 million m km 54 m m m 2 Opened at the end of 2015, the Variante di Valico represents a key stage in improving road conditions, cutting average journey times by 30% 100 million litres of fuel saved per year 41 new tunnels, accounting for 57.3 km of carriageway

17 Fiumicino s new international terminal One of the largest and most advanced airport terminals in Europe, providing best in class facilities and services The airport s new international departure area and retail plaza was opened on 21 December new gates, including 14 loading bridges additional 90,000 m 2 6 million additional passengers a year new Made in Italy plaza with 40 shops

18 Technology We offer advanced services and cutting-edge solutions, creating the future of mobility Tutor, the world s first system for monitoring the average speeds of motorway traffic, is installed on 2,500 km of Italian motorways With 10.7 million payment instruments managed, Telepass is the most widely used automated payment system in Europe for paying tolls and transport-related services

19 Technological innovation: new info-points, free Wi-Fi, LED lighting, e-gates at passport control, device charging points

20 Corporate social responsibility We combine infrastructure development and sustainability with projects designed to benefit all the community 1,000 km of noise-absorbent barriers to be installed along the Group s Italian network Innovative solutions designed to minimise the environmental impact of new works

21 Fiumicino, Ciampino and Nice airports have been awarded international Airport Carbon Accreditation

22 The Group around the world Group s Km Concession Revenue Motorway networks under concession interest (%) expiry 2016 ( m) Italy Autostrade per l Italia 100 2, ,527 Tangenziale di Napoli Società Autostrada Tirrenica Autostrade Meridionali (1) Società Italiana per il Traforo del Monte Bianco Raccordo Autostradale Valle d Aosta (2) ,020 Brazil Atlantia Bertin Concessões (3) 50 Rodovia das Colinas Rodovia MG Triangulo do Sol Rodovia do Tieté (4) 1,538 Chile (5) Grupo Costanera Costanera Norte Acceso Vial Aeropuerto AMB Litoral Central Nororiente Vespucio Sur Los Lagos India Pune-Solapur Expressway (4) Poland Stalexport Autostrady group No. of Airports airports Aeroporti di Roma Aéroports de la Côte d Azur (6) Km of network where service Electronic tolling systems is in operation Telepass 100 (7) 23, Electronic Transaction Consultants (USA) , Design and construction Pavimental Spea Engineering (1) The process of awarding the new concession is underway. (2) Interest held by Società Italiana per il Traforo del Monte Bianco. The percentage shown refers only to ordinary voting shares. (3) The Atlantia Group owns 50% plus one share of the company. (4) This company is accounted for using the equity method. (5) Revenue includes toll revenue accounted for as a financial asset in accordance with IFRS, including IFRIC 12. (6) Amounts taken from the financial statements of Aéroports de la Côte d Azur, prepared under French GAAP. (7) Present in 7 European countries: Italy, Austria, Belgium, France, Poland, Portugal and Spain.

23 Financial highlights 2016 FIGURES ( m) Revenue 5,484 EBITDA 3,378 Profit for the year 1,122 Operating cash flow 2,400 Capital expenditure 1,422 Net debt 11,677 Net debt/ebitda (1) 3.1x CREDIT RATINGS Atlantia Autostrade per l Italia Aeroporti di Roma ( 3.0 bn EMTN) ( 7.0 bn EMTN) (2) ( 1.5 bn EMTN) S&P BBB BBB+ BBB+ Moody s Baa2 Baa1 Baa1 Fitch A (3) A BBB+ GROSS DEBT AND CASH RESERVES ( m - pro forma as at 31 December 2016) (4) EBITDA BY OPERATING SEGMENT ( m %) 11% 5% 74% 532 (16%) 40 (1%) 2,384 (71%) 10% 422 (12%) Bond issues EIB Bank borrowings Cassa Depositi e Prestiti Italian motorways Overseas motorways Airports Other activities 5.1 billion in cash reserves 25% of EBITDA is linked to global GDP growth (1) Pro forma amounts (net debt excludes the amount attributable to the acquisition of Aéroports de la Côte d Azur). (2) The bonds issued under Atlantia s 10bn EMTN Programme and included in an issuer substitution have been assigned the same rating as Autostrade per l Italia s 7bn programme. (3) Negative watch. (4) Includes 750m in bonds issued by Atlantia in January 2017.

24 Atlantia SpA Via A. Nibby, Rome Tel Fax ENG - 09/2017