Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile,...

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Transcript of Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile,...

Page 1: Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile, India and Poland 2 ... Mumbai Pune Litoral Central Los Lagos E TC Corporation Stalexport

Atlantia S.p.A.Via A. Nibby, 20I - 00161 RomeTel. +39 06 4417 2652www.atlantia.it

Group profile

Page 2: Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile, India and Poland 2 ... Mumbai Pune Litoral Central Los Lagos E TC Corporation Stalexport

5,000 km of toll motorways in Italy,Brazil, Chile, India and Poland

2 airports in Italy

A technological leader, world number one in electronic tolling systems, airport automation solutions and traffic information services

Our global leadership in figures

Page 3: Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile, India and Poland 2 ... Mumbai Pune Litoral Central Los Lagos E TC Corporation Stalexport

(figures as of 2015)

Over 5 million customers a day use the Group’s motorways

46 million passengersa year handled by Rome’s airports

Total revenue of

E 5.3 billionEBITDA of

E 3.2 billion Capital expenditure of

E 1.5 billion

Atlantia is a pure-play infrastructure investor, owning and operating

high-quality transportation assets around the world

Page 4: Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile, India and Poland 2 ... Mumbai Pune Litoral Central Los Lagos E TC Corporation Stalexport

Where we operate

WORLD•

•3,020 km of network2 airportsITALY

Cracovia

Katowice

Rio Bueno

Puerto Montt

Cartagena

Casablanca

Algarrobo

Mumbai

Pune

Litoral Central Los Lagos

ETC Corporation Stalexport Autostrady Pune-Solapur

BRAZILAEROPORTI DI ROMA1,538 km of network

CHILE313 km of network

INDIA110 km of network

POLAND61 km of networkFree-flow electronic

tolling solutions

USA

Rio Bueno

Puerto Montt

Cartagena

Casablanca

Algarrobo

São Paulo

Santiago

Cracovia

Katowice

Rio Bueno

Puerto Montt

Gulbarga

LaturAhmadnagar

Sangli

Kolhapur

Sholapur

Pune

Mumbai

Dombivili

Cracovia

Katowice

Rio Bueno

Puerto MonttCartagena

Casablanca

Algarrobo

Gulbarga

LaturAhmadnagar

Sangli

Kolhapur

Sholapur

Pune

Mumbai

Dombivili

Costanera Norte

Vespucio Sur

Nororiente

Acceso VialAeropuerto AMB

Colinas

Rodovia MG050

Tieté

Triangulo do Sol

Solapur

Krakow

Katowice

Casablanca

Algarrobo

Cartagena

Santiago

Rome

CiampinoFiumicino

Autostrade per l’ItaliaAutostrade MeridionaliRaccordo Autostradale Valle d’AostaSocietà Autostrada TirrenicaTangenziale di NapoliMont-Blanc tunnelAeroporti di Roma

We are Italy’s leading motorway operator, managing 51% of the country’s toll network

We are one of the leading motorway operators in economies with high growth potential in Latin America, eastern Europe and Asia

We operate the Rome airport system, a major tourist destination worldwide, providing connections to 240 locations around the world and handling 46 million passengers a year

Page 5: Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile, India and Poland 2 ... Mumbai Pune Litoral Central Los Lagos E TC Corporation Stalexport

WORLD•

•3,020 km of network2 airportsITALY

Cracovia

Katowice

Rio Bueno

Puerto Montt

Cartagena

Casablanca

Algarrobo

Mumbai

Pune

Litoral Central Los Lagos

ETC Corporation Stalexport Autostrady Pune-Solapur

BRAZILAEROPORTI DI ROMA1,538 km of network

CHILE313 km of network

INDIA110 km of network

POLAND61 km of networkFree-flow electronic

tolling solutions

USA

Rio Bueno

Puerto Montt

Cartagena

Casablanca

Algarrobo

São Paulo

Santiago

Cracovia

Katowice

Rio Bueno

Puerto Montt

Gulbarga

LaturAhmadnagar

Sangli

Kolhapur

Sholapur

Pune

Mumbai

Dombivili

Cracovia

Katowice

Rio Bueno

Puerto MonttCartagena

Casablanca

Algarrobo

Gulbarga

LaturAhmadnagar

Sangli

Kolhapur

Sholapur

Pune

Mumbai

Dombivili

Costanera Norte

Vespucio Sur

Nororiente

Acceso VialAeropuerto AMB

Colinas

Rodovia MG050

Tieté

Triangulo do Sol

Solapur

Krakow

Katowice

Casablanca

Algarrobo

Cartagena

Santiago

Rome

CiampinoFiumicino

Autostrade per l’ItaliaAutostrade MeridionaliRaccordo Autostradale Valle d’AostaSocietà Autostrada TirrenicaTangenziale di NapoliMont-Blanc tunnelAeroporti di Roma

Page 6: Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile, India and Poland 2 ... Mumbai Pune Litoral Central Los Lagos E TC Corporation Stalexport

Every year, we break down barriersto bring people even closer

60 years of records

1958/64 1963 1990 1995 2003

Telepass USAEurobond Autostrada del Sole

UK

The world’s first electronic tolling system

The first ever privately-owned toll motorway in the USA, the Dulles Greenway in Virginia

First Eurobond issue in thehistory of the capital markets

Construction and opening of the 800-km long Autostrade del Sole mo-torway (A1 Milan-Naples)

Opening of the M6 Toll, the UK’s first ever toll motorway

Page 7: Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile, India and Poland 2 ... Mumbai Pune Litoral Central Los Lagos E TC Corporation Stalexport

2004 2005 2007 2012 2013 2015

TutorAustria Aeroportidi Roma

Atlantia expands its presence in Brazil, with responsibility for over 1,500 km of network

Atlantia streng-thens its foothold in Chile, operating more than 300 km of network

Brazil and Chile

Opening of the Variante di Valico, an example of Italian engineering excellence, comparable to Europe’s biggest tunnels in terms of excavated volume

The world’s first system for monitoring average speeds

The world’s first system of excavation without interrupting traffic flow

Patented method of tunnel widening

The world’s first free-flow tolling systemon over 2,000 km of motorway network

Integration of Aeroporti di Roma. Investment of e 11 billion in expansion of Fiumicino

Variantedi Valico

Page 8: Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile, India and Poland 2 ... Mumbai Pune Litoral Central Los Lagos E TC Corporation Stalexport

100%

PavimentalSpea Engineering

InfobluAutostrade Tech

ETC

Free float (2)

51.22%

30.25%

(1)

Italian motorways

Motorways

Overseas motorways

(1) Sintonia is wholly owned by Edizione (a company owned by the Benetton family).(2) Excludes treasury shares held by Atlantia.(3) The chart shows shareholders with interests of over 3%, in accordance with the disclosure threshold established

by the Consob for substantial shareholdings (figures at 15 April 2016)

Ownership structure

Other activities

Page 9: Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile, India and Poland 2 ... Mumbai Pune Litoral Central Los Lagos E TC Corporation Stalexport

95.92%Airports

Other major investors (3)

InvestCo Italian Holdings (8.14%)(Government of Singapore Investment Corporation)

Fondazione CRT (5.06%)Blackrock (5.04%)

Page 10: Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile, India and Poland 2 ... Mumbai Pune Litoral Central Los Lagos E TC Corporation Stalexport

FINANCING

TECHNOLOGY

INVESTM

ENTS

SERV

ICES

safety comfort and assistance maintenance infrastructure upgrades

design project management costruction surfacing

free-flow tolling control systems

for motorway traffic traffic information airport automation

solutions

A unique Group, based on a winning combination of expertise

Page 11: Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile, India and Poland 2 ... Mumbai Pune Litoral Central Los Lagos E TC Corporation Stalexport

An oustanding combinationof technology, innovation and investment capabilities, creating increasingly efficient and sustainable transport solutions

Page 12: Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile, India and Poland 2 ... Mumbai Pune Litoral Central Los Lagos E TC Corporation Stalexport

Services

3,800 video cameras, 1,800 variable message panels and 1,700 sensors to constantly monitor the safety of our infrastructure

7,000 people, 2,500 snow-clearing vehicles and equipment and technology designed to provide assistance around the motorway network

We pursue excellence in the quality we offer, combining management expertise, technology and innovation

Page 13: Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile, India and Poland 2 ... Mumbai Pune Litoral Central Los Lagos E TC Corporation Stalexport

Ongoing effort to improve the quality of service offered by ADR at all stages of the airport experience: accessibility, security screening, baggage handling, the cleanliness of terminal buildings and the introduction of Terminal Managers

Page 14: Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile, India and Poland 2 ... Mumbai Pune Litoral Central Los Lagos E TC Corporation Stalexport

442 km of new third and fourth lanes already opened to traffic

Investment

Investment of e 22 billion, of which over e 10 billion already completed, to upgrade 900 km of Italian motorway network

Motorway upgrades by the Group in Italy

We coordinate every phase of the construction process,from design through maintenance

RETE ASPI

Autostrade per l’Italia Group network

Works completedWorks in progressWorks to be authorized (*)

ANAS and other operators

Interventi Conv 1997 + AA 2004 + controllate- Ultimati- In corso- Da autorizzare

(*) Excluding additional works indicated in the Plan of 2007, which only commits the Group to developing preliminary designs.

Page 15: Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile, India and Poland 2 ... Mumbai Pune Litoral Central Los Lagos E TC Corporation Stalexport

Approximately e 11 billion is being spent on Fiumicino airport to increase capacity to 100 million passengers a year

Non-EU/Non-Schengen Terminal Domestic + EU/Schengen Terminal

New terminals

New pier(Opening 2019/20)

New pier(opening end 2016)

Commercial area(opening end 2016)

Commercial area(opening 2020/21)

New commercial areas T3 T1

AB

D

EG

H

C

F FIUMICINO SOUTH

Expansion• Investment of e 5.0 billion• Increase in capacity from 40 to ~55 million

passengers a year• 160,000 m2 of new terminal space• Increase from 35 to 63 loading bridges

New Terminal• Investment of e 5.7 billion• Increase in capacity to 100 million

passengers a year• A system of 5 runways (Fiumicino

North and South) on completion• Up to 400,000 m2 of new terminal

space

FIUMICINO NORTH

Page 16: Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile, India and Poland 2 ... Mumbai Pune Litoral Central Los Lagos E TC Corporation Stalexport

The Variante di Valico

Opened at the end of 2015, the Variante di Valico represents a key stage in improving road conditions and cutting the time it takes to travel from the north to the south of the country

Italian engineering excellence at the service of mobility

Page 17: Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile, India and Poland 2 ... Mumbai Pune Litoral Central Los Lagos E TC Corporation Stalexport

La Quercia

Badia Nuova

Firenzuola

Aglio

Bologna

Florence

New motorway

SANK

T GO

TTHA

RDTU

NNEL

VARI

ANTE

DI

VAL

ICO

Distance

Excavated volume

57 + 57 km

57 km

72 m2 + 72 m27.9 million m3

Distance

Excavated volume

69 km

79 km

9.6 million m3140 m2

Tunnels

Existing motorway

A1

Distance

180 m2 + 180 m2

Length of tunnels

Excavated volume

59 km(32 km of new motorway)

7.9 million m3

29.8 + 27.5 km

Length of tunnels

Distance

Excavated volume

50.5 + 50.5 km

50.5 km

8 million m3

Length of tunnels

Length of tunnels

54 m2 + 24 m2 + 54 m2

BOLO

GNA-

FLOR

ENCE

HIG

H-S

PEED

RAI

LWAY

CHAN

NEL

TUNN

EL

Sasso Marconi

Barberino

• 14.5 million m3 of earth moved• 41 new tunnels, account for 57.3 km of carriageway• 41 new viaducts, for a total of 16.4 km of carriageway

• Hill climbs reduced by 226 metres• Average travel times cut by 30% • 100 million litres of fuel saved per year

Page 18: Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile, India and Poland 2 ... Mumbai Pune Litoral Central Los Lagos E TC Corporation Stalexport

Technology

Tutor, the world’s first system for monitoring the average speeds of motorway traffic on 2,500 km of Italian motorways

With 9 million customers, Telepass is the Europe’s most widely used payment system for electronic toll collection and transport-related services

We offer advanced services and cutting-edge solutions, creating the future of mobility

Page 19: Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile, India and Poland 2 ... Mumbai Pune Litoral Central Los Lagos E TC Corporation Stalexport

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

Page 20: Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile, India and Poland 2 ... Mumbai Pune Litoral Central Los Lagos E TC Corporation Stalexport

v

2016

Corporate social responsibility

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

We combine infrastructure development and sustainabilitywith projects designed to benefit all the community

Page 21: Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile, India and Poland 2 ... Mumbai Pune Litoral Central Los Lagos E TC Corporation Stalexport

vFiumicino and Ciampino airports have been awarded international Airport Carbon Accreditation

Page 22: Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile, India and Poland 2 ... Mumbai Pune Litoral Central Los Lagos E TC Corporation Stalexport

The Group around the worldMotorways under concession

Group’s interest (%)

Km Concession expiry

Revenue in 2015 (em)

Italy Autostrade per l’Italia 100.0 2,855 2038 3,405Tangenziale di Napoli 100.0 20 2037 75Società Autostrada Tirrenica (1) 99.93 55 2046 7Autostrade Meridionali (2) 58.98 52 2012 85Società Italiana per il Traforo del Monte Bianco

51.0 6 2050 58

Raccordo Autostradale Valle d’Aosta (3) 58.0 32 2032 193,020

Brazil Atlantia Bertin Concessões (4) 50.0 Colinas 100.0 307 2028 125 Rodovia MG050 100.0 372 2032 27 Triangulo do Sol 100.0 442 2021 114 Tieté (5) 50.0 417 2039 -

1,538

Chile (6) Grupo Costanera 50.01 Costanera Norte 100.0 43 2033 133 Acceso Vial Aeropuerto AMB 100.0 10 2020 1 Litoral Central 100.0 81 2031 14 Nororiente 100.0 22 2044 18 Vespucio Sur 100.0 24 2032 85Los Lagos 100.0 135 2023 48

313

India Pune-Solapur Expressway (5) 50.0 110 2030 -

Poland Stalexport Autostrady Malopolska 61.2 61 2027 64

Airports No. of airports

Aeroporti di Roma 95.92 2 2044 801

Electronic tolling systemsKm of network where

service is in operationTelepass (Italy) 100.0 5,907 151Electronic Transaction Consultants (USA) 64.46 994 71

Design and constructionPavimental 99.7 507Spea Engineering 100.0 108

(1) This company has been consolidated by the Group from 30 September 2015. The 15-km Civitavecchia-Tarquinia section was opened to traffic in March 2016.

(2) The process of awarding the new concession is underway.(3) This interest is held by Società Italiana per il Traforo del Monte Bianco. The percentage shown refers only to ordinary voting

shares.(4) The Atlantia Group owns 50% plus one share of the company.(5) An unconsolidated company.(6) Revenue includes toll revenue accounted for as a financial asset in accordance with IFRS, including IFRIC 12.

Page 23: Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile, India and Poland 2 ... Mumbai Pune Litoral Central Los Lagos E TC Corporation Stalexport

0

Cassa Depositie Prestiti

2,000 4,000 6,000 8,000 10,000 12,000

EIB

Bank deposits

Committed linesof credit

Gross debt

Available financial resources

Bonds Bank borrowings

Financial highlights

Italian motorwaysOverseas motorwaysAirportsOther activities

2015 FIGURES(em)

Revenue 5,304EBITDA 3,215Profit for the year 853FFO 2,105Capital expenditures 1,488Net debt 10,387

Net debt/EBITDA 3.2x

GROUP CREDIT RATING

Rating OutlookS&P BBB+ StableMoody’s Baa1 StableFitch A– Stable

177 (3%)

546 (10%)

804 (15%)3,777 (72%)

TOTAL REVENUE(em - %)

GROSS DEBT AND AVAILABLE FINANCIAL RESOURCES(em - at 31.12.2015)

Page 24: Group profile - Atlantia · Group profile. 5,000 km of toll motorways in Italy, Brazil, Chile, India and Poland 2 ... Mumbai Pune Litoral Central Los Lagos E TC Corporation Stalexport

Atlantia S.p.A.Via A. Nibby, 20I - 00161 RomeTel. +39 06 4417 2652www.atlantia.it

Group profile

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