We are FCC - Nº9

Milestones in 2018 Revenues rose by 3.2% over 2017 to €5,989.8M Gross operating profit (EBITDA) grew by 5.6% compared to last year Water area recorded a 2.5% increase year-on-year to €247.5M, 2.5% and Construction posted €65M, 7.6% less than last year due to the evolution of the work in progress. Debt is another notable aspect of 2018. The Group reduced its net con- solidated financial debt during the year by 24.8% compared to Decem- ber 2017, primarily as a result of the September 2018 sale of a minority interest in the lead company in the Water area for €1,024M. The Group’s equity has been signifi- cantly strengthened, more than dou- bling compared with December last year to €1,958.8M. FCC Medio Ambiente makes progress with the start-up of several waste treatment and reduction plants Last December the subsidiary of FCC Medio Ambiente in the United Kingdom commenced the testing of the thermal plant in Edinburgh and Midlothian. Involving an investment exceeding £140M and a 25- year operating concession, the plant will treat more than 150,000 ton- nes per year of waste and will produce electricity to supply more than 32,000 households. It is expected to enter into full operation over the course of 2019. During the fourth quarter of 2018 a consortium led by FCC Medio Ambiente successfully bid for the second phase of the Environmental Complex in Guipúzcoa. This 20-year contract covers the construction, launch and operation of a facility costing more than €32M and an esti- mated revenue portfolio of €92M. The facility is expected start opera- tions in the second half of this year. FCC Construcción ends 2018 with a 5% year-on-year increase in its project portfolio The volume of the Group’s construction contracts throughout 2018 exceeded €2,000M, which allowed the portfolio to grow by 5% to €4,516.4M at December 2018. This is the first year in which an increase has been seen since 2014, and it was particularly supported by the con- tracts awarded for unique buildings and industrial construction projects. Among other projects not included in the portfolio, the consortium that includes FCC Construcción for the expansion of the new international airport in Lima (Peru) is noteworthy. The client, Lima Airport Partners, awarded the contract last September following an exhaustive pre-qua- lification process, which attracted expert international companies in airport construction. The infrastructure to be developed includes more than tripling the surface area of the current airport facilities. The portfolio held by FCC Environmental Services reached $550M in the United States In November FCC Environmental Services (environmental services subsidiary in the United States) secured three new contracts in the State of Texas (Garland and Lewisville) that bring it to a total of 10 in the State and its portfolio to more than $550M in the US at the end of the year. FCC Aqualia adds around €600M in new contracts during the year The lead company in the Water area obtained several integral conces- sion contracts, BOT, execution and operation of water infrastructure, no- tably including international facilities. Aqualia is awarded its first contract in Panama for the design, construction, operation and maintenance of the Wastewater Treatment Plant in East Arraiján. This contract is for a total of €75M and is the first in the Central American country for the Water area. In Mexico, the Guaymas desalination plant (Sonora) BOT is to be developed, which includes its operation and maintenance for a total of 20 years. The project represents a total portfolio of around €75M. In addition, in the first quarter the joint venture known as SAOC, 5