2005 - 2006 - Pinsent Masons Water Yearbook 2012

SPAIN PART 3 (ii): COMPANY ANALYSIS: LOCAL/REGIONAL PLAYERS
Grupo ACS, Actividades es Construccion Y Servicos SA
In October 2003, Grupo Dragados SA (GD) merged with ACS, Actividades de Construccion y
Servidos SA (ACS) and its activities were subsumed within the enlarged group. Urbaser, the water
and waste management services arm of Dragados is now the principal component of the
Environmental Services section of the Services and Concessions Division.
Grupo ACS, pro-forma profit and loss account
Y/E 31/12 (€ million) 2002 2003 2004
Turnover 4,420.2 8,825.1 10,960.7
Operating profit 305.3 573.5 711.0
Net profit 181.4 229.5 460.4
Net profit (€) 0.94 0.76 1.30
Urbaser has a number of major concessions, including the Huesnar water and sewage treatment
works concession for Seville (1993), serving 220,000 people in 15 towns. The concession will
generate Ptas60 billion over its 25 year life. In 1999, Urbaser gained a 30 year (extendable to 50
years) concession worth Ptas25 billion serving 150,000 people in the Spanish district of El Ferrol. The
Environment division had revenues of €903 million in 2002, rising to €1,001 million in 2004.
Grupo ACS, number of people served in Spain and internationally
Water Sewerage Total
Spain 2,200,000 500,000 2,200,000
Argentina 2,100,000 2,100,000 2,100,000
Total 4,300,000 2,600,000 4,300,000
Argentina
1999 Missiones Province 30 year concession 300,000 water & sewerage
The Servicio de Aguas de Missiones (SAMSA) concession was awarded in August 1999, and serves
the cities of Posada and Garupa involving the upgrading of water provision networks and in the longer
term developing sewerage and sewage treatment facilities. Water will be supplied to the cities from
the Parana River. A total investment of Ptas31.9 million is to be made over two phases, with partial
funding from the World Bank for the initial phase. Revenues of Ptas120 billion will be generated over
the life of the concession.
1999 Aguas del Gran BA 30 year concession 1.8 million water & sewage
GD paid US$44 million for its 27% share of Aguas del Gran Buenos Aries, in the metropolitan area of
the city. Its Spanish partners are Impregilo (31%) and Aguas de Bilbao (20%), and the concession
was awarded in December 1999. Revenues over the concession life will be Ptas 600 billion, with
capital spending of Ptas166 billion.
Contact Details
Name: ACS, Actividades de Construccion y Servidos SA
Address: Avda. Pio XII, 102,
28036 Madrid, Spain
Tel: +34 91 343 92 00
Fax: +34 91 343 94 56
Web: www.grupoacs.com
Florentio Perez Rodriguez (Chairman and CEO)
Antonio Garcia Ferrer (Vice Chairman)
Angel Garcia Altozano (Corporate General Manager)
Demetrio Ullastres Llorente (Manager, Services and Concessions)
324 Pinsent Masons Water Yearbook 2005 – 2006