Abengoa Sa · OTC:AGOAF
Abengoa Sa — XII Iberian Small and Mid Cap Conference 2006
29 slides from Abengoa Sa's conference presentation, February 2006
Slide 1: Your Partner in Resources and Technical Solutions
ABENGOA ABENGOA Your Partner in Resources and Technical Solutions XII Iberian Small and Mid Cap Conference February 2006 1
Slide 2: Disclaimer
ABENGOA Disclaimer "The present document has been drafted by Abengoa for its exclusive use as a presentation of the results of the period considered. It does not suppose a bid, commitment nor recommendation to subscribe or to acquire values, it has not been verified by third parties and consequently
Slide 3: Overview
ABENGOA Overview Abengoa is a technological company that applies innovative solutions for sustainable development in the infrastructures, environment and energy sectors. It is present in over 70 countries where it operates through its five Business Units: Solar, Bioenergy, Environmental Services, In
Slide 4: Key Abengoa Consolidated Financial Figures: 1996 – 2004
ABENGOA Key Abengoa Consolidated Financial Figures: 1996 – 2004 Sales EBITDA (€ in millions) (€ in millions) .5% CAGR: 17 1.687 : 18.8% 1.380 1.522 CAGR 202 166 175 1.205 126 579 51 1996 2000 2001 2002 2004 1996 2000 2001 2002 2004 Net Income Cash Flow (€ in millions) (€ in millions) 23.4% CAGR: 15
Slide 5: Abengoa's Diverse Client Base
ABENGOA Abengoa’s Diverse Client Base Bioenergy Information Technology Environmental Services Engineering and Industrial Construction A Diverse and Stable “Blue Chip” Client Base. 5
Slide 6: Leader in every business
ABENGOA Leader in every business Engineering Engineering and and Environmental Environmental Information Information Bioenergy Bioenergy Industrial Industrial Services Services Technology Technology Construction Construction ## 11 Ethanol Ethanol Leader Leader in in Spain Spain International Interna
Slide 7: Total results Q3 2005 vs Q3 2004
ABENGOA Total IFRS IFRS Q3 05/04 05/04 Q3 Q3 2005 2005 Q3 2004 2004 % % Sales Sales (€M) (€M) 1,388.1 1,388.1 1,135.8 1,135.8 22.2 22.2 EBITDA EBITDA (€M) (€M) 152.7 152.7 122.9 122.9 24.3 24.3 EBITDA EBITDA // Sales Sales (%) (%) 11.0 11.0 10.8 10.8 Net Net Profit Profit (€M) (€M) 45.0 45.0 39.3 39
Slide 8: Engineering & IC
ABENGOA Engineering & IC Leader in Spain and Latam of several Engineering and Industrial Construction markets: - Electric generation and distribution - Industrial - Transport. 8
Slide 9: Engineering & IC: Growth Drivers
ABENGOA Engineering & IC Growth Drivers - Geographic expansion: Med Rim and Middle East - PFI – Concessions: ¾ Areas of core expertise ¾ No demand Risk ¾ Availability of long Term Project Finance - Thermoelectric solar plan: 302 Mw 9
Slide 10: Overview of all Latam T & D Concessions
ABENGOA Engineering & IC Overview of all Latam T & D Concessions Reference Status Regional Distance Abengoa Concession Project Investment (Operations start Operator location Kms stake Contract type (mUSD) date) Operating BR Expansion Minas Gerais 582 112 25% BOOT Transener (Dec-02) Operating CHESF B
Slide 11: Regulatory considerations - Brazil
ABENGOA Engineering & IC Regulatory considerations - Brazil • Transmission is key for Brazil’s electric sector due to: • distance between generation (north) and demand (south) • efficient way to use hydraulic potential that accounts for 85% of production • Favorable regulatory scenario: • adequate a
Slide 12: Befesa: Environmental Services
ABENGOA Befesa: Environmental Services Befesa leads three environmental services markets in Spain: industrial waste management, environmental engineering and services and aluminum residues recycling. 12
Slide 13: Befesa: Environmental Services - Desalination
ABENGOA Befesa: Environmental Services ¾ Desalination : Befesa is one of the leaders in Spain… • More than 500.000 m3/day built in Spain …and international 500.000 m3/d • 3 BOO contracts in Algeria (400.000 m3/d) • 1 BOOT contract in India (100.000 m3/d) ¾ Befesa is one of the companies with largest
Slide 14: Telvent's vision
ABENGOA Telvent: IT Telvent’s vision Telvent is a leading provider of complete RealTime IT solutions in selected industrial sectors (Energy, Traffic, Transport and Environment) in the Americas, Spain and China, enabling our customers to more efficiently manage their operations and business processes
Slide 15: Mission Critical Solutions
ABENGOA Mission Critical Solutions Telvent’s solutions help to safely manage and control in real-time... Approximately 60% of oil and gas volume movement through pipelines in North and Latin America Transportation and distribution of more than 140,000 GWh, providing electricity to more than 80 m
Slide 16: Abengoa Bioenergy: Driving Europe into Bioethanol
ABENGOA Abengoa Bioenergy: Driving Europe into Bioethanol Residual Starch Pilot Plant (York, NE) 16
Slide 17: Logic of Ethanol
ABENGOA Logic of Ethanol “The transport sector is a principal source of global emissions of GHG. The only long-term solution to this connected set of problems is to 25-31 Oct 2003 reduce the world’s reliance on oil” “Hydrogen fuel cells are at last becoming a viable alternative. Another alternative
Slide 18: Basic Concepts
ABENGOA Basic Concepts Bioethanol is an ethyl alcohol produced from the fermentation of Definition sugars contained in vegetable products, such as cereals, sugar cane, beets or other biomass Bioethanol is then blended with conventional fuels • Production of ETBE (45% EtOH + 55% isobutilene, C4) • Di
Slide 19: Business Overview
ABENGOA Business Overview Production and supply of bio-ethanol, “green” fuel derived from biomass mixed directly or indirectly into fossil based fuels Business Clients oil companies through mid to long term contracts Committed support by US and EU Administrations Production and supplies of b
Slide 20: Production Capacity
ABENGOA Production Capacity EU (Ml) 2005 2006 2007 USA (Ml) 2005 2006 2007 Production 326 526 756 Production 365 420 745 Construction 200 230 126 Construction 325 325 325 Promotion 356 126 Expansion 55 Promotion 325 Cartagena La Coruña York, NE Ravenna, NE Salamanca Huelva Colwich, KS Portales, NM 2
Slide 21: Our Vision
ABENGOA Our Vision Abengoa envisions to create a leader in the Bioenergy Industry … cilities R& D u c tion Fa A team of p Prod arkets r manage in- ofessional researchers s s ets in key m ho Ne tw ork o f a a ny, Benelux, and co-ord use research facilities rm in (USA, S p a in , G e to deliver effort
Slide 22: Our Markets
ABENGOA Our Markets Current Situation • ~ 1 Bn/y market • 12,850 Ml/y market Our Position • #1 • #5 326 Ml/y installed capacity 365 Ml/y installed capacity Legislative support 2 directives: • MTBE ban in 20 states. • 2003/30/CE Promotion and • Energy Bill including the use of biofuels Renewable Fuel
Slide 23: Renewable Fuels Standard – Energy Bill
ABENGOA Renewable Fuels Standard – Energy Bill The U.S. Congress has approved in august 05 a final version of the Energy Bill that contains Renewable Fuels Standards, which is essentially a federal mandate on ethanol. 9 The final version contains a mandatory 7.5 BNGPY ethanol usage quota by 2012 9 M
Slide 24: Status of legislation for ethanol in EU
ABENGOA Status of legislation for ethanol in EU France: ETBE production at Total refineries in Dunkerke, Gonfreville and Feyzin, for a total consumption of 100 Ml Further ETBE development through conversion of Lyondell's facility in Fos, with a capacity of 600 kTm/y of ETBE 340 Ml in 2005 New
Slide 25: Status of legislation for ethanol in EU
ABENGOA Status of legislation for ethanol in EU Sweden: E5 direct blending since mid 90's of 250 Ml/y of ethanol Exploring further development of bioethanol introduction by means of a higher blending in petrol (E10) Germany: ETBE production started in 2004 at 2 refineries: Miro and Schwedt. 60
Slide 26: Ethanol requirements for EU targets
ABENGOA Ethanol requirements for EU targets Focusing on bioethanol to be directly blended into petrol as E5 or used in the manufacturing of ETBE, the potential demand from European countries to reach the indications from the Directive of Promotion of Biofuels (2% in 2005 and 5.75% in 2010) will be a
Slide 27: The EU Market
ABENGOA The EU Market Expected Ethanol Demand in the EU (based on estimated implementation of ETBE and E5/E10) 16.000 13.435 14.000 E5/E10 ETBE Total 11.280 12.000 Million litres (Ml) 10.000 8.000 5.325 6.000 4.000 3.170 2.535 2.155 2.155 2.155 2.000 650 500 380 150 0 2003 2006 2010 2015 Hypothesis:
Slide 28: Conclusion
ABENGOA Engineering & IC Conclusion: -Leader in its Business -Attractive Growth Markets -Strong corporate culture and managment systems 28
Slide 29: Your Partner in Resources and Technical Solutions
ABENGOA ABENGOA Your Partner in Resources and Technical Solutions 29
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