ACS Group Annual Report - Grupo ACS

Main Figures
of the
ACS Group
Financial and operating data 2005 2006 2007 (1) 2008 (2) 2009 (3) 2010
Million of euros
Turnover 12,113.9 14,067.2 15,344.9 15,275.6 15,387.4 15,379.7
Gross operating profi t (EBITDA) 1,095.5 1,270.3 1,379.8 1,382.5 1,429.3 1,505.2
Net operating profi t (EBIT) 817.4 971.6 1,056.7 1,042.7 1,073.9 1,099.3
Attributable net profi t 608.7 1,250.1 1,551.1 1,805.0 1,946.2 1,312.6
Cash-fl ow (*) 886.8 1,548.8 1,874.1 2,144.8 2,301.5 1,718.5
Dividends paid 137.6 211.7 441.1 600.2 653.2 618.2
Net investments/(Divestments) 4,216.4 5,407.1 2,475.0 170.5 (1,327.2) 2,324.4
Total assets 17,712.5 25,182.7 49,593.4 51,398.4 31,361.2 34,184.5
Equity 2,635.5 3,256.4 10,441.0 9,913.0 4,507.9 4,442.4
Shareholders´ equity 2,480.9 3,115.7 4,653.8 3,402.4 4,219.6 4,178.5
Total net debt 4,264.6 8,746.3 7,938.7 9,355.8 9,089.3 8,003.1
Net debt with recourse 1,909.4 1,753.4 1,871.4 2,933.7 8,870.0 7,046.5
Non recourse fi nancing 2,355.2 6,992.9 6,067.3 6,422.1 219.4 956.6
Order book 26,868.1 29,918.3 32,322.8 27,679.0 28,581.0 28,777.0
Number of employees 113,273 123,652 132,048 138,117 137,015 138,542
(*) Net profi t + Depreciation + Change in povisions.
Data per share 2005 2006 2007 (1) 2008 (2) 2009 (3) 2010
Euros
Earnings 1.74 3.58 4.51 5.43 6.26 4.38
Gross dividend 0.60 1.25 1.75 2.05 2.05 2.05
Cash-fl ow 2.51 4.39 5.44 6.45 7.40 5.74
Shareholders´ equity 7.03 8.83 13.52 10.23 16.80 18.44
Stock market data 2005 2006 2007 2008 2009 2010
Listed shares (4) 352,873,134 352,873,134 352,873,134 335,390,427 314,664,594 314,664,594
Market capitalization (€ Million) 9,601.7 15,071.2 14,344.3 10,950.5 10,953.3 11,036.7
Year-end closing price 27.21 € 42.71 € 40.65 € 32.65 € 34.81 € 35.08 €
Annual revaluation 61.96% 56.96% -4.82% -19.68% 6.62% 0.76%
Key ratios 2005 2006 2007 (1) 2008 (2) 2009 (3) 2010
Operating margin 6.7% 6.9% 6.9% 6.8% 7.0% 7.1%
Net margin 5.0% 8.9% 10.1% 11.8% 12.6% 8.5%
ROE 27.5% 45.5% 36.9% 41.2% 50.0% 32.5%
Gearing (5) 161.8% 268.6% 76.0% 94.4% 201.6% 180.2%
Dividend yield 2.2% 2.9% 4.3% 6.3% 5.9% 5.8%
(1) 2007 data proforma, Union Fenosa has been reclassifi ed as” Assets held for sale”, using the same criteria that it has been used in 2008.
(2) 2008 data proforma, SPL has been reclassifi ed as” Assets held for sale”, using the same criteria that it has been used in 2009.
(3) 2009 data are presented applying IAS 31 and IFRIC 12 in comparable terms using the same criteria that in 2010 data.
(4) On July 2008, there was a reduction in the share capital by a nominal amount of € 8,741,385 through the redemption of 17,482,707 shares of treasury stock. Additionally, on January 2009, there
was a reduction in the sharecapital by a nominal amount of € 8,373,255, through the redemption of 16,746,453 shares of the treasury stock, according to the resolUtion that was approved
in the Extraordinary General Shareholder´s meeting, held in December 2008.On May 25 th , 2009, there was a reduction in the stock capital by a nominal amount of € 1,989,690 through the
redemption of 3,979,380 shares of treasury stock.
(5) Gearing: Net Debt / (Shareholders´Equity+Minority interests).