OHL Group Annual Report - Grupo Villar Mir

OHL Concessions in the OHL Group
69%
Sales EBITDA
Rest of the Group
Concessions
31%
26%
Rest of the Group
Concessions
2010 OHL Group Annual Report
backlog of OHL Concessions, worth 76,211 million euros at the end of the financial
year, accounting for 90.4% of the total for the Group.
All of the foregoing is a consequence of the business strategy implemented by OHL
over the last few years, concentrating its investment effort on the transportation
infrastructure concession business, where the international activity of this division
has become consolidated as the Group’s core business line.
As a consequence of the application of IFRIC 12, the sales figures for 2009 and
2010 include the construction activities carried out by the concession companies
themselves, excluding “intergroup” transactions. The OHL Group has equaled these
sales to the costs of such construction activity, therefore not affecting the EBITDA
for those years. Due to this adjustment to IFRIC 12, the information on 2009 differs
from the figures presented in the annual report for that year.
Trend in the long-term backlog.
Millions of euros
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
0
3,208
2001
4,566 8,517 10,035
2002
2003
2004
23,856
16,744
2005
2006
46,362 51,490
2007
2008
2009
74%
60,373
76,211
2010
19