Slides
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29 July 2026 R e s u l t s Presentation H1-2026 I-75, Florida, USA
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Highlights Operating & financial performance Performance by business area Annexes Table of contents Buenaventura-Buga, Colombia
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Highlights Ruta 78, Chile
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Financial data H1 2026 Operating cash-flow €631M Revenue €2,437M Net profit EBITDA €708M Recourse Net Debt Ratio <1x€78M EBITDA margin 29.1% Net profit drives a strong half-year of profitable growth Turia motorway, Spain +18% vs H1-25*+9% vs H1-25 +9% vs H1-25 +20bp vs H1-25 +157% vs H1-25 (*) Change in operating cash flow excluding the cash contribution from assets divested in Colombia in 2025. Highlights 4
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Highlights 5 Shareholder remuneration Scrip Dividend €0.078 Cash €0.045 Scrip Dividend €0.049 Cash €0.10 €0.123 €0.149 +21% +122% Strong growth in cash dividend +122% +21%Total dividend up January 2025 July 2025 January 2026 July 2026
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Canal del Dique, Colombia Highlights Leader in sustainability 6 CDP Supplier Engagement FTSE Russell Included in the SEA A-List Score of 4.5 out of 5 Financial Times Europe´s Climate Leaders 2026 Five consecutive years at the top of CDP's Supplier Engagement Assessment for the fight against climate change Top score in Corporate Governance Sacyr recognised by Financial Times and Statista as a European leader in emissions reduction
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Valuation of concessional assets +16% vs 2025 2027 E €5.1Bn 2033 E €9-10Bn Platform that continues to create value year after year Valuation targets excluding asset disposals A21, Italy 2026 €4.6Bn 7 Highlights 2026 Concessional Asset Valuation
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Highlights 8 €19.9Bn Total Distributions +17% vs. 2025 Asset Valuation Bio Bio Railway bridge, Chile 2026 Concessional Asset valuation Growing portfolio value supported by strong cash distributions
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Operating & Financial performance El Loa Airport, Chile
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Rolling Forward Inflation & Exchange Rate New Awarded Concessions Rolling Forward Inflation & Exchange Rate Operational Asset Management New Awarded Concessions Sale assets Colombia, Barbanza & car parks 311 -22 383 117 €4,601M 23 144 Investor Day 2024 2026 Valuation 10 Continuously growing platform 2025 Valuation -285 €4,316M 2026 Valuation (including disposals) 94 +€644M +16% vs 2025 €3,551M Operating & Financial performance +€406M +11% vs ID-2024 €3,957M
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11 Optimising management multiplies value +€94M thanks to optimisations, efficiency improvements & additional investments Valuation up +30% in two years Operating & Financial performance Time drives value creation +€694M due to rolling forward Resilient portfolio Inflation and exchange rate impacts offset each other Contribution from new contract awards +€261M in last two years Evidence of our Asset Value Divestments +11% above internal valuation €278M 2025 Colombia & Barbanza €7M 2026 Car parks in Spain Impact on valuation Impact on valuation
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12 2056-2081 € M € 100 M € 200 M € 300 M € 400 M € 500 M € 600 M € 700 M € 800 M € 900 M € 1.000 M Equity & Distributions Total cash distributions from assets€19.9Bn 2026-2033 Average distributions 2034-2044 Average distributions 2045-2056 Average distributions €430M €388M 2026 Valuation Investor Day-24 €478M €375M 2026 Valuation Investor Day-24 €525M €419M 2026 Valuation Investor Day-24 Average annual distributions€484M Portfolio strength evidenced by strong cash distributions Operating & Financial performance *Excluding distributions from the divested assets: 3 highways in Colombia, Barbzanza and 4 cark parks.
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13 Net Cash Available €1,920M Firepower for new projects Equity & Distributions € 0 M € 100 M € 200 M € 300 M € 400 M € 500 M € 600 M 2026 2027 2028 2029 2030 2031 2032 2033 Operating & Financial performance Distributions from concessions Committed equity 2026-2033 €3,440M Distributions €1,520M Committed equity €1,920M Net Cash Available *Excluding distributions from the divested assets: 3 highways in Colombia, Barbzanza and 4 cark parks.
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Main Figures REVENUE 2,437 2,237 +9% EBITDA 708 647 +9% % EBITDA from concessions 91.1% 91.3% EBITDA margin 29.1% 28.9% NET PROFIT 78 31 +157% H1-26 H1-25 Chg.Million Euros €631M Operating Cash Flow +18% vs H1-25* Pedemontana-Veneta, Italy <1x Recourse Net Debt Ratio** Meeting Financial Commitment (*) Change in operating cash flow excluding the cash contribution from assets divested in Colombia in 2025. (**) Recourse Net Debt Ratio: recourse net debt divided by the sum of recourse EBITDA and LTM concessional distributions. 14 Operating & Financial performance
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6,359 -708 -273 350 284 691 6,788 DEC-2025 EBITDA WORKING CAPITAL TAX + OTHER ADJUST. FINANCIAL RESULT NET INVESTMENT FINANCING FLOW, FOREX & OTHER JUN-2026 6,359 Funds from operations (FFO) -631 284 691 85 6,788 Million Euros 85 15 H1-26 Net debt Evolution Operating & Financial performance
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289 -35 13 11 -74 15 264 MAR-2026 EBITDA WORKING CAPITAL TAXES DISTRIBUTIONS FROM CONCESSIONS FINANCIAL EXPENSES NET INVESTMENT* SALE OF PARKINGS FINANCING FLOW, FOREX & OTHER JUN-2026 289 Funds from operations (FFO) -85 15 38 -9 16 264 (*) €12M corresponds to Concessions equity and €14M to Water equity. 38 -9 16 16 Q2-2026 Recourse Net Debt Evolution Million Euros Operating & Financial performance
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Performance by Business area Las Setas de Sevilla, Spain
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Performance by Business area H1-2026 Milestones 18 Start of construction works on the I-10 (U.S.) Antofagasta Reuse Plant Financing Managed Lanes Bid Presentation ▪ First transportation P3 project in the U.S. ▪ $2.3bn construction investment Signing of Contracts July 2026 (post-close): ▪ I-24 (Tennessee) ▪ I-285 East (Georgia) ▪ $460M, 35-year concession term. ▪ First-ever financing of a water reuse infrastructure project at this scale. ▪ February – Ontario Science Centre (Canada) ▪ April – Coquimbo Desalination Plant (Chile) ▪ May – New City of Health and Science of Novara (Italy) ▪ June – Pie de Monte Highway (Chile) A21, Italy
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19 Windsor Hospital Concession Canada I-285 East (Georgia) I-24 (Tennessee) I-285 West (Georgia) I-65 (Tennessee) I-77 (North Carolina) I-495 (Virginia) USA Caldera-Antofagasta Highway Route 57 Santiago-Andes Chile Adelaida desalination plant Wyaralong water treatment plant Parkville Hospital Western Tower Brisbane Olympic Stadium Australia Submitted Bids I-75, USA Key Strategic Opportunities Brazil Portuária do Sul Highway High-Speed Rail Ireland Dublín-Airport railway Italy A-22 Highway A-4 Brescia-Padua Highway A-4 Torino-Milan Highway Portugal Spain Integrated Water Cycles Performance by Business area
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H1-25 Chg.H1-26 Invested Equity H1-26 Infra Concessions Total Invested Equity* Infra Concessions Distributions H1-26 Infra Concessions €28M €1,735M €94M Ruta del Itata, Chile REVENUE 977 818 +20% Operating income 642 572 +12% Construction income 335 245 +37% EBITDA 402 351 +15% EBITDA margin 62.6% 61.3% Million euros Sacyr Concesiones Concessions with visible growth Operating income (+12%) and EBITDA (+15%) increased, driven by the growing contribution from assets such as Ruta 68, Ruta del Itata and Camino de la Fruta (Chile), Buga– Buenaventura and Puerta de Hierro (Colombia), as well as several motorways in Spain, more than offsetting the disposal of the Colombian toll roads. First P3 project project in Canada: Ontario Science Centre ▪ Awarded Feb-2026. ▪ Construction started in May 2026.Construction income increased by 37%, driven by the commencement of the Ontario Science Centre project (Canada), together with the strong execution pace of projects in Chile, Paraguay and Colombia. Managed Lanes bids submitted (U.S.) in July 2026 (post-closing): ▪ I-285 East (Georgia) ▪ I-24 (Tennessee) 20 *Total equity invested after deducting the divestment of four parking assets in Spain. Performance by Business area
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Other Sacyr’s concessions Buin Paine Hospital, Chile Sacyr Ing. & Infraestructuras REVENUE 1,584 1,446 +10% Italian concession assets 342 338 +1% Pure construction 1,242 1,108 +12% EBITDA 270 261 +4% Italian concession assets 208 208 - Pure construction 62 53 +16% Construction EBITDA Margin 5.0% 4.8% BACKLOG (vs Dec.25) 13,019 12,470 +4% H1-25 Chg.H1-26Million Euros In the second quarter of 2026, work began on: ▪ Ontario Science Centre (Canada). ▪ I-10 highway (USA). Completion of the 13th road project in the USA: Vanderbilt Road Extension, in Florida (USA). Revenue (+10%) and EBITDA (+4%) have grown due to the start of work on the Group’s own concession projects in the US, Canada, Paraguay and Chile, and the progress of projects in the UK, Ireland, Chile and Colombia. Sacyr Ingeniería e Infra. has been selected to build the new Frimley Park Hospital (United Kingdom), with an estimated investment of over £1.5Bn. It was also awarded the contract for the Peel Health Campus in Mandurah (Australia). Over 62 months of activity, underpinned by our own projects 76% 24% 21 Performance by Business area
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Aguas Valle del Guadiaro, Spain Sacyr Agua REVENUE 185 139 +33% Operating income 150 139 +7% Construction income 35 - n.a. EBITDA 35 32 +8% EBITDA Margin 23.3% 23.2% BACKLOG (vs Dec.25) 8,200 6,979 +18% H1-25 Chg.H1-26Million Euros Financing secured for the Antofagasta water reuse plant (Chile), totalling 460 million dollars. The concession term is 35 years, and it will be the largest plant of its kind in Latin America. Operating income (+7%) and EBITDA (+8%) increase, reflecting strong operational performance and the contribution of new projects such as the Aigües de Esparraguera operation (Spain). Construction income amounts to 35M€, driven by the Antofagasta water reuse plant (Chile). Invested Equity H1-26 Water concessions Total Invested Equity Water concessions €23M €151M New contracts: ▪ Signing of the contract for the Coquimbo desalination plant (Chile). ▪ Canal de Isabel II sewerage network, Lot 8, Torrelaguna (Madrid). ▪ Operation and maintenance of the La Gavia wastewater treatment plant (Madrid). ▪ Basaurbe and Markijana wastewater treatment plants (Álava).22 Performance by Business area A backlog of projects that drives growth
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Valles del Bio Bio, Chile Conclusions 23 Continued growth in concessional value +€644M in a year Significant increase in net profit +157% vs H1-2025 Strong total asset distributions +€19.9Bn Meaningful increase in cash dividend +122% vs 2025 Great opportunities in strategic markets Managed Lanes bids submitted in the U.S.( I-24 & I-285 East) Growth of the Water division Water revenue +33% vs H1-2025
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Ferrocarril Central, Uruguay Annexes
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Annexes 25 Aunor (51%) Palma – Manacor (40%) Viastur (70%) Turia (56%) Eresma (51%) Arlanzón (55%) Parla Hospital (51%) Noreste Hospital (51%) Plaza Elíptica Transport Hub (51%) Moncloa Transport Hub (51%) Plaza Encarnación (100%) Aguas Valle del Guadiaro (100%) Emmasa (95%) Guadalajara treatment plant (100%) Aguas Biar treatment plant (100%) S.Vicente Barquera treatment plant (100%) Aguas de Soria (15%) Formentera desalination plant (100%) Roads 34 Transport Hubs 2 Hospitals 8 Airports 5 Railways 1 Water 18 Other 4 Brownfield 45 Yellowfield 14 Greenfield 13 Total Assets 72 Pedemontana-Veneta (49%) A3 (49%) A21 (49%) Via del Mare (49%) Turín Hosp. (44%) Novara Hosp. (44%) Sohar desalination plant (51%) Honaine desalination plant (26%) Skikda desalination plant (17%) Rutas del Este (60%) Accesos Asunción (60%) Brisal (5%) Viaexpresso (11%) Velindre Cancer Centre (31%) Valles del Desierto (71%) Rutas del Desierto (26%) Valles del Bío-Bío (26%) Ruta del Algarrobo (26%) Ruta del Limarí (75%) Américo Vespucio Oriente (50%) Ruta 78 (100%) Ruta 68 (100%) Los Vilos – La Serena (100%) Camino de la Fruta (100%) Ruta del Itata (100%) Ruta Pie de Monte (100%) Antofagasta Hospital (26%) Buin Paine Hospital (90%) El Tepual Airport (32%) Chacalluta Airport (58%) El Loa Airport (80%) Antofagasta Airport (70%) Atacama Airport (70%) 5 integrated water-cycles (51%) Antofagasta reuse plant (100%) Coquimbo desalination plant (100%) Idaho Univ. (50%) I-10 Highway (30%) Pirámides (51%) Tláhuac Hosp. (51%) Puerta de Hierro (100%) Buenaventura – Buga (100%) Canal del Dique (100%) RSC-287 (100%) Corredor Vial 21 & 24 (51%) Ferrocarril Central (40%) Perth desalination plant (100%) Anillo Vial Periférico (33%) Vial Sierra Norte (67%) Concession Assets Map Ontario Science Centre(26%)
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Consolidated Income Statement H1-2026 26 Annexes Thousand euros REVENUE 2,437,105 2,236,822 9.0% Other income 193,556 172,584 12.2% Total operating income 2,630,661 2,409,406 9.2% External and Operating Expenses -1,922,659 -1,762,530 9.1% EBITDA 708,002 646,876 9.4% Depreciation and amortisation expense -107,221 -98,166 9.2% Change in Provisions -82,421 -84,817 -2.8% NET OPERATING PROFIT 518,360 463,893 11.7% Financial results -283,540 -288,942 -1.9% Forex results -41,787 -61,764 -32.3% Results from equity accounted subsidiaries 16,768 10,510 59.5% Provisions for financial investments -25,171 67,126 n.a. Results from financial instruments 25,370 13,143 93.0% Results from sales of non current assets 13,131 -507 n.a. PROFIT BEFORE TAX 223,131 203,459 9.7% Corporate Tax -88,692 -88,552 0.2% RESULT FROM CONTINUING OPERATIONS 134,439 114,907 17.0% CONSOLIDATED RESULT 134,439 114,907 17.0% Minorities -56,117 -84,390 -33.5% NET ATTRIBUTABLE PROFIT 78,322 30,517 156.7% H1 2026 H1 2025 Chg. %
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Consolidated Balance Sheet June 2026 27 Annexes Assets Equity & Liabilities Thousand euros Thousand euros NON CURRENT ASSETS 12,357,168 11,768,823 588,345 EQUITY 2,215,883 2,202,717 13,166 Intangible Assets 76,237 78,078 -1,841 Shareholder's Equity 1,028,680 1,040,326 -11,646 Real estate investments 190 192 -2 Minority Interests 1,187,203 1,162,391 24,812 Concessions Investments 2,254,285 2,180,029 74,256 NON CURRENT LIABILITIES 10,864,948 10,322,559 542,389 Fixed Assets 345,795 336,487 9,308 Financial Debt 7,671,156 7,214,980 456,176 Right of use over leased assets 98,271 109,624 -11,353 Financial Instruments at fair value 125,031 103,132 21,899 Financial Assets 1,402,788 1,348,932 53,856 Lease Obligations 72,840 77,437 -4,597 Receivables from concession assets 8,120,070 7,635,171 484,899 Provisions 195,860 160,289 35,571 Other non Current Assets 52,550 73,090 -20,540 Other non current Liabilities 2,800,061 2,766,721 33,340 Goodwill 6,982 7,220 -238 CURRENT ASSETS 6,403,924 5,802,287 601,637 CURRENT LIABILITIES 5,680,261 5,045,834 634,427 Non current assets held for sale 70,192 7,380 62,812 Liabilities associated with the non current assets held for sale 78,198 4,192 74,006 Inventories 188,382 159,091 29,291 Financial Debt 1,463,157 1,254,879 208,278 Receivables from concession assets 841,641 852,038 -10,397 Financial Instruments at fair value 29,616 21,626 7,990 Accounts Receivable 2,909,370 2,647,082 262,288 Lease Obligations 31,789 36,941 -5,152 Financial Instruments at fair value 48,268 25,966 22,302 Trade Accounts Payable 2,792,781 2,718,396 74,385 Financial Assets 261,572 79,357 182,215 Operating Provisions 171,704 249,038 -77,334 Cash 2,084,499 2,031,373 53,126 Other current liabilities 1,113,016 760,762 352,254 TOTAL ASSETS 18,761,092 17,571,110 1,189,982 TOTAL EQUITY & LIABILITIES 18,761,092 17,571,110 1,189,982 ChangeDec. 2025 Jun. 2026 ChangeDec. 2025 Jun. 2026
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Income Statement by business area H1-2026 28 Annexes Thousand euros REVENUE 977,277 1,584,854 185,008 -310,034 2,437,105 Other income 9,758 170,666 18,043 -4,911 193,556 Total operating income 987,035 1,755,520 203,051 -314,945 2,630,661 External and Operating Expenses -585,228 -1,485,130 -168,123 315,822 -1,922,659 EBITDA 401,807 270,390 34,928 877 708,002 Depreciation and amortisation expense -39,842 -47,060 -12,941 -7,378 -107,221 Change in Provisions -29,582 -34,806 -2,013 -16,020 -82,421 NET OPERATING PROFIT 332,383 188,524 19,974 -22,521 518,360 Financial results -146,624 -97,440 -9,355 -30,121 -283,540 Forex results -48,157 -7,847 -628 14,845 -41,787 Results from equity accounted subsidiaries 12,945 1,077 3,296 -550 16,768 Provisions for financial investments -1,320 0 -18 -23,833 -25,171 Results from financial instruments -7,578 0 123 32,825 25,370 Results from sales of non current assets 7,798 3,593 -138 1,878 13,131 PROFIT BEFORE TAX 149,447 87,907 13,254 -27,477 223,131 Corporate Tax -38,849 -34,695 -1,187 -13,961 -88,692 RESULT FROM CONTINUING OPERATIONS 110,598 53,212 12,067 -41,438 134,439 CONSOLIDATED RESULT 110,598 53,212 12,067 -41,438 134,439 Minorities -25,494 -29,736 -1,422 535 -56,117 NET ATTRIBUTABLE PROFIT 85,104 23,476 10,645 -40,903 78,322 Sacyr Concesiones Sacyr Ing & Infra. Sacyr Water Holding & Adjustments Total
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Income Statement by business area H1-2025 29 Annexes Thousand euros REVENUE 817,717 1,445,991 139,272 -166,158 2,236,822 Other income 11,755 165,087 6,615 -10,873 172,584 Total operating income 829,472 1,611,078 145,887 -177,031 2,409,406 External and Operating Expenses -478,850 -1,350,132 -113,590 180,042 -1,762,530 EBITDA 350,622 260,946 32,297 3,011 646,876 Depreciation and amortisation expense -30,850 -49,131 -12,465 -5,720 -98,166 Change in Provisions -73,382 -9,494 -2,112 171 -84,817 NET OPERATING PROFIT 246,390 202,321 17,720 -2,538 463,893 Financial results -185,265 -96,940 -7,644 907 -288,942 Forex results 3,128 4,489 -2,473 -66,908 -61,764 Results from equity accounted subsidiaries 14,532 -5,938 2,887 -971 10,510 Provisions for financial investments -171 -30 -14 67,341 67,126 Results from financial instruments 3,418 0 338 9,387 13,143 Results from sales of non current assets 37 -77 -16 -451 -507 PROFIT BEFORE TAX 82,069 103,825 10,798 6,767 203,459 Corporate Tax -37,771 -41,302 -1,935 -7,544 -88,552 RESULT FROM CONTINUING OPERATIONS 44,298 62,523 8,863 -777 114,907 CONSOLIDATED RESULT 44,298 62,523 8,863 -777 114,907 Minorities -42,663 -41,253 -1,550 1,076 -84,390 NET ATTRIBUTABLE PROFIT 1,635 21,270 7,313 299 30,517 Sacyr Concesiones Sacyr Ing & Infra. Sacyr Water Holding & Adjustments Total
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Traffic - Concessions 30 Annexes Accumulated ADT SHADOW TOLL ROADS - SPAIN AUTOV. ARLANZÓN 22,544 22,415 0.6% AUTOV. ERESMA 9,245 9,216 0.3% AUTOV. NOROESTE C.A.R.M. 14,451 14,157 2.1% AUTOV. PALMA MANACOR MA-15 28,918 28,280 2.3% AUTOV. TURIA CV-35 44,481 44,149 0.8% AUTOV. VIASTUR AS-II 25,432 25,479 -0.2% FOREIGN TOLL ROADS PEDEMONTANA - VENETA 21,496 20,535 4.7% A3 SALERNO - NAPOLES 97,722 95,562 2.3% A21 34,128 33,605 1.6% TANGENCIAL-A4-A5 34,750 33,924 2.4% RSC-287 8,729 8,323 4.9% AMÉRICO VESPUCIO AVO I 38,522 37,894 1.7% RUTA DEL ITATA 9,661 9,743 -0.8% LOS VILOS - LA SERENA 8,264 8,267 0.0% RUTA 43 - LIMARI 6,249 6,260 -0.2% RUTA 68 32,838 - n.a. RUTA 78 41,442 40,913 1.3% RUTAS DEL ALGARROBO 5,285 5,359 -1.4% CAMINO DE LA FRUTA 4,685 4,201 11.5% RUTAS DEL DESIERTO 8,516 8,689 -2.0% VALLES DEL BIO BIO 10,075 10,565 -4.6% VALLES DEL DESIERTO 5,970 5,819 2.6% PUERTA DE HIERRO 7,426 6,971 6.5% BUENAVENTURA-BUGA 5,595 5,509 1.6% RUTAS DEL ESTE 17,742 16,691 6.3% VIA EXPRESSO 8,130 7,882 3.1% ACCUMULATED ADT (km weighted) 17,520 16,422 6.7% H1-26 H1-25 Chg. % 26/25
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Million Euros Jun.2026 Dec.2025 Chg. Project Finance 6,524 6,300 224 Ex-project finance (recourse net debt) 264 59 205 Total Net Debt 6,788 6,359 429 Annexes Net Debt Ex-project finance €264M 4% Project finance €6,524M 96% Fix rate 67% Variable rate 12% Floating-rate mitigated by inflation 21% By interest rate Debt type 31
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Alternative Performance Measures 32 The Sacyr Group presents its earnings in accordance with International Financial Reporting Standards (IFRS). The Group also provide certain additional financial measurements, known as Alternative Performance Measures (APMs) used by management in decision-making and evaluation of the Group's financial performance, cash flows and financial position. In order to comply with the Guidelines on Alternative Performance Measures (2015/1415en) published by the European Securitiesand Markets Authority (ESMA), the disclosures required for each APM are set out below, including its definition, reconciliation, explanation of its use, comparatives and consistency. Sacyr Group considers that this additional information will improve the comparability, reliability and comprehensibility of its financial information as it is common terminology used in the financial sector and among investors. ALTERNATIVE PERFORMANCE MEASURES EBITDA: This indicator shows operating profit or loss prior to depreciation and amortisation and any change in provisions. EBITDA Margin: It is calculated by dividing EBITDA by Revenues. EV/EBITDA: It is a company’s enterprise value (total value of its assets) divided by its EBITDA. EBIT: Calculated as the difference between Operating income (Revenue, Own work capitalized, Other operating income, Government grants released to the income statement) and Operating expenses (Staff costs, Depreciation and amortization expense, Changes in provisions and Other). GROSS DEBT: Comprises Non-current financial debt and Current financial debt as shown on the liabilities side of the consolidated statementof financial position, which include bank borrowings and issues in capital markets (bonds). NET DEBT: Calculated as Gross debt less the consolidated balance sheet items of (i) Other current financial assets, and (ii) Cash andcash equivalents. PROJECT FINANCE DEBT (GROSS OR NET): The financial debt (gross or net) from project companies. In this type of debt, the guarantee received by the lender is limited to the project cash flow and its asset value, with limited recourse to shareholders. EX-PROJECT FINANCE DEBT (GROSS OR NET): Debt not considered as Project Finance Debt is considered Ex-Project Finance Debt. RECOURSE NET DEBT RATIO: This is the total net recourse debt (net debt excluding project financing) divided by the sum of recourse EBITDA and concessional distributions over the last twelve months. OPERATING CASH FLOW: Cash flow generated by the company's operating activities. FINANCIAL RESULT: The difference between Total finance income and Total finance costs. EBITDA TO CASH CONVERSION: The result of dividing operating cash flow by EBITDA. BACKLOG: Value of awarded and closed work contracts pending completion. These contracts are included in the backlog once they are formalized. The backlog is shown as the percentage attributable to the Group, as per the corresponding consolidation method. Once a contract has been included in the backlog, the value of production pending completion on the contract remains in the backlog, until it is completed or cancelled. Nevertheless, valuation adjustments are made to reflect any changes in prices and time periods agreed with the client. Due to a number of factors, all or part of the backlog linked to a contract may not actually become income. The Group's backlog is subject to adjustments and cancellation of projects and cannot be taken as an exact indicator of future earnings. Given that no comparable financial measure is foreseen under IFRS, a reconciliation with the financial statements is not possible. Management considers that the backlog is a useful indicator of the Group's future revenues and a customary indicator used by companies in the sector in which Sacyr operates. CONCESSION PORTFOLIO: Represents estimated future revenues on concessions, over the concession period, based on the financial plan for each concession, and includes projected fluctuations in the exchange rate between the euro and other currencies, as well as changes in inflation, prices, tolls and traffic volumes. MARKET CAP: Number of shares at the end of the accounting period, multiplied by the share price at the end of the accounting period . LIKE-FOR-LIKE BASIS: On occasions, certain figures are corrected to permit a comparison between accounting periods, for example, by eliminating non-recurring impairment, significant changes in the consolidation scope that could distort the year-on-year comparison of indicators such as sales, the effect of exchange rates, etc. In each case, details are provided in the notes to the corresponding item . ADT (Average Daily Traffic): Defined as the total number of users of a concession during a day. ADT is normally calculated as the total number of vehicles travelling on the motorway each day.
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Note The financial information contained in this document is prepared according to the International Financial Reporting Standards. This information has not been audited and therefore may be modified in the future. This document does not constitute an offer, invitation or recommendation to buy, sell or exchange shares or make any kind of investment. Sacyr does not assume any type of damage or loss arising from any use of this document or its content. In addition, the Group uses Alternative Performance Measures to provide with additional information which enhances the comparability and comprehension of its financial information and facilitate the decision-making and the evaluation of the group´s performance. To comply with the Directives (2015/1415es) of European Securities and Markets Authority (ESMA) on Alternative Performance Measures, the most relevant APMs used in the preparation of this document are included in an annex to this document.