Formento de Construcciones y Contratas (FCC) Corporate Presentation 2024 summary

Company overview and key figures

• Over 120 years of experience, with more than 65,000 employees operating in 30+ countries and 47% of revenue from international markets.

• 2023 revenue reached €9,026 million and EBITDA was €1,530 million, with a backlog of €41,485 million as of December 31, 2023.

• Business is diversified across Environment, Water, Construction, and Concessions, with Environment and Construction as the largest contributors.

• International revenue in 2023 totaled €4,289 million, representing 47% of total revenue.

• Leadership positions in core areas: #1 in Spain for Environment and Water, top 5 in the EU, and significant global rankings.

Business model and operations

• Environment: Services include waste collection, street cleansing, recycling, and industrial waste management, serving over 67 million citizens in 5,400+ municipalities.

• Water: End-to-end water cycle management, with 45 million people served in 18 countries, and 865 wastewater treatment plants managed.

• Construction: Focus on civil works, transport, and building infrastructure, with operations in over 24 countries and a 2023 revenue of €2,823 million.

• Concessions: Specializes in road, urban transport, and social infrastructure, present in 5 countries, with 14 concession companies and 3 operators.

• Integrated offer includes advanced technology, innovation, and comprehensive services across all business areas.

Financial performance and value creation

• Environment division generated €3,853 million in revenue and €647 million EBITDA in 2023, with a backlog of €13,328 million.

• Water division reported €1,487 million in revenue and €384 million EBITDA, with a backlog of €21,730 million.

• Construction division achieved €2,823 million in revenue and €169 million EBITDA, with a backlog of €6,426 million.

• Concessions division posted €62 million in revenue and €46 million EBITDA in 2023.

• Value creation driven by regulatory trends, environmental focus, infrastructure gaps, and selective international expansion.