Presentación Corporativa 2018 Corporate Presentation 20 18
Index 1 2 3 Who are Business Our we? Areas Presence • • • • • • • • • • • Page 3 Page 12 Page 18 2
1 Who are we? 3
Who are we? Abengoa (MCE: ABG.B) is an international company that applies innovative technology solutions for sustainable development in the energy and water sectors. Constructing energy infrastructures Generating conventional and renewable energy. Transporting and distributing energy. Providing solutions for the integrated water cycle Developing desalination and water treatment processes. Constructing hydraulic infrastructures . Being a referent in the transmission and distribution sector Developing transmission lines, electric distribution and railway electrification projects. Constructing installations and infrastructures for all types of plants and buildings. Obtaining results in the services area Providing operation and maintenance services for plants optimization. Managing private assets efficiently. Furthering new horizons for development and innovation Our 395 accumulated awarded patents since 2008 position us as technological leaders in sectors such as solar thermal technology. Renewable energy storage and our bet for energy efficiency and for water consumption (nexus water energy). 4
A Viable Company with Solid Fundamentals Solid business of engineering, Global footprint makes Abengoa’s business procurement, construction and more resilient and the size of its backlog and operation and maintenance in high pipeline provides revenue visibility growth markets Credibility regained with Leaner organizational structure and stakeholders high operational efficiency The development of commercially A more focused business model and a healthier, viable cutting-edge technology has sound capital structure, together with a become Abengoa’s key competitive multidisciplinary set of capabilities leaves Abengoa in advantage a solid position for future value creation Formed by a team of committed and skilled people that have a specialized and competitive know-how 5 5 5
Main Magnitudes 9,3 GW 3 GW Global presence with a recognized 9.3 GW of installed power in 2.1 GW* solar power constructed, 760 MW position of leadership in main world under construction, and 212.3 MW of wind conventional generation plants, of rankings (ENR, GWI). which 1.6 are under construction. power. *34 % of solar thermal installed capacity worldwide. Numbers of patents 500 450 400 For 350 10 million 2.2 300 250 200 Mm 3 /d 150 100 50 0 2013 2014 2015 2016 2017 +27,000 km of transmission and + 1.5 million of m 3 /day of 395 accumulated awarded patents distribution lines and more than desalinated installed capacity and since 2008. 330 substations worldwide over 690,000 m 3 /day under construction. the last 15 years. 6 6
2017 Results Main indicators Revenues by geography Abengoa figures 2017 South America 10% 1% Middle East 25% Sales 1,480 M€ 10% Africa North America 89% EBITDA 127 M€ 13% Europe (ex Spain) Spain 12,468 Employees 24% Others 17% 11% Revenues by segment Concessions E&C Main projects in exectuion Shuaibah (Saudi Arabia) Waad Al Shamal (Saudi Arabia) O&M solar plants (Spain) A3T (Mexico) Punta Rieles (Uruguay) Mar de Plata (Argentina) Salalah (Oman) CP5 Network Rail (UK) 7
New restructuring proposal 2018 1 2 Three challenges Liquidity Bonding lines Capital Structure to solve Proposed A3T refinancing Additional bonding lines Deleveraging proposal 2 3 1 solutions Currently working on obtaining the necessary authorizations and implementation of the proposal that is expected to be completed by the end of 2018. 8 8
Assets Disposal Plan Sale of concessional assets and non-core businesses will contribute to improve Abengoa’s leverage and liquidity profile Atlantica Yield Sale Bioenergy USA 1G & 2G bioetanol The company completed in March 2018 the operation for Bioenergy 1G bioetanol the sale of 25 % stake in Atlantica Yield (AY) to Europe Algonquin Power & Utilities Corp. (APUC): AB San Roque Biodiesel Bioenergy Brazil 1G bioetanol - Operation worth 607 MUSD. - Constitution of AAGES (Abengoa-Algonquin Khi 50 MW CSP – South Africa Energy Solutions), a joint venture between Xina 100 MW – South Afirca Abengoa and Algonquin. SPP1 150 MW hybrid CC+CSP in Algeria On November 27 th 2018, Abengoa completed the sale of the 16.7 % remaining stake in AY to APUC, for a total Accra 60,000 m 3 /day en Ghana purchase price of 345 MUSD. The resulting net proceeds, 285 MUSD, have been fully allocated to debt Ténès 200,000 m 3 /day in Algeria reapayment, as per the financing contracts. Chennai 100,000 m 3 /day in India Progress in the sale of A3T Brazil T&D 3,532 Km lines in operation in Brazil Brazil T&D 6,218 km in construction 220 MW cogeneration plant in Mexico. CoD expexted for Q4 2018. Norte III 924 MW Combined Cycle in México The funds were released to complete the construction: 91M in April, the rest at the close of the sale of 16.5% of AY. Hospital Manaus 300-bed-hospital in Brazi PPAs signed for more than 78% of the capacity. Real Estate Various assets 9
Abengoa was awarded projects with a value of 1,400 M€ in 2017, with a current backlog of E&C Contracts 2,000 M€, on March 31 st , 2018. Dewa Dubai Technology and solar field of 3 x 200 MW parabolic trough. 275,000 m 3 /day desalination plant for the supply of drinking water and13,500 ha Agadir Morocco of irrigation Saudi Main projects recently awarded Shuaibah III Desalination plant with a capacity of 250,000 m 3 /day. Arabia Water sanitation Uruguay Several sewarage projects in Acegua, Ciudad de la Costa and Montevideo. Salalah Oman Desalination plant with a capacity of 114,000 m 3 /day. 50,000 m 3 /day desalination plant, prepared for a future expansion to double its Soussa Tunisia capacity. CP5 Network Rail UK 5-year contract for the electrification and maintenance of 250 km of railway lines. Los Changos - Kimal Chile Construction of 140 Km high voltage transmission line and two sub-stations. Construction of a 345 kV transmission line and a new substation in the province of InterAndes Argentina Jujuy. Plant that will produce 10 million gallons of biofuels per year from municipal solid Fulcrum USA waste. Luneng China Procurement of engineering and technology for solar thermal project. Lieja Hospital Belgium Mechanical installations for the new University Hospital of Liege. 10
2 Business Areas 11
Abengoa organizes its activity in several business areas: Power, Water, Transmission and Areas of activity Infrastructures and Services, all of them based on the pillar of R&D and Innovation. Power Transmission & Infrastructures Water Services 12
Power Hassi R’Mel Waad Al Shamal ACT – A3T Cerro Dominador Fulcrum Mexico USA Algeria Saudi Arabia Chile 220 MW efficient 1,390 MW + 50MW solar 110 MW solar thermal plant 150 MW solar-gas hybrid Plant to produce biofuels combined cycle cogeneration plant +100 MW photovoltaic plant plant for the aviation sector from + 17.5 hours of storage municipal solid waste 13 13
Transmission & Infrastructures Transmission and distribution Railway Installations & Infrastructures Production centers Electrical panels & Electronics Installations in industries Meca-Medina highspeed line Transmission lines Spain Saudi Arabia Spain France Railway electrification Substations Electromechanical installations CP metallic structures UK Oman Spain Spain 14
Water Desalination Water Treament Hydraulic Infrastructure Canal de Navarra Agadir Cunene supply and Tierra Amarilla Shuaibah Sewage treatment Irrigation desalination plant sanitation system Aqueduct desalination plant plant Ranilla Spain Morocco Angola Chile Saudi Arabia Spain 15
O&M Services • • • Ain Beni Mathar Solana Honaine Cerro Dominador Abent 3T Morocco USA Algeria Chile Mexico Desalination plant producing 472 MWe Combined cycle 280 MW parabolic trough 100 MW PV solar plant 220 MW high efficiency 200,000 m 3 /day of drinking (solar+gas) plant with six hours of cogeneration plant water storage 16
I+D and Innovation 1 H Solar termal Energy Storage Aerospace Hydrogen and Fuel Cells Development of more efficient solar Development of power generation thermal plants to improve the Development of storage systems with The main activities focus on the plants, based on fuel cells, as well as competitiveness and dispatchability of the objectives of improving the quality development of electrical and electronic of the electricity network and favoring hydrogen production plants and products for the aerospace and defense solar technology in the energy mix. hydrogen service stations for vehicles. Abengoa has its own technology and a the integration and dispatchability of sectors, as well as the promotion of worldwide solar thermal installed renewable energies. synergies between space technologies capacity of 34%. and energy. 17
3 Our Presence 18 18
Our Presence * * 19
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