group profile - atlantia · group profile. 5,000 km of toll motorways in italy, brazil, chile,...
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Atlantia S.p.A.Via A. Nibby, 20I - 00161 RomeTel. +39 06 4417 2652www.atlantia.it
Group profile
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
(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
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
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
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
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
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
95.92%Airports
Other major investors (3)
InvestCo Italian Holdings (8.14%)(Government of Singapore Investment Corporation)
Fondazione CRT (5.06%)Blackrock (5.04%)
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
An oustanding combinationof technology, innovation and investment capabilities, creating increasingly efficient and sustainable transport solutions
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
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
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.
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
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
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
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
Technological innovation: new info-points, free Wi-Fi, LED lighting, e-gates at passport control, device charging points
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
vFiumicino and Ciampino airports have been awarded international Airport Carbon Accreditation
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.
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)
Atlantia S.p.A.Via A. Nibby, 20I - 00161 RomeTel. +39 06 4417 2652www.atlantia.it
Group profile
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