presentation president abertis shareholders' general meeting 20120

1

Junta General d’Accionistes 2012 Junta General de Accionistas 2012 General Shareholder’s Meeting 2012

1

Salvador Alemany, President

Contents 2 Financial year 2011

3 Stock market and shareholder reward

4 Opportunities for PPPs

1 Economic context

5 CSR and Corporate Government

2





1 Economic context


Progression of the crisis Economic context

LATAM SPAIN FRANCE GDP (accumulated) :

-5,0%

5,0%

15,0% 2007 2008 2009 2010 2011

13.3%

-2.3%

0.1%

15.6%

-22.4%

-8.2%

0.9%

TOTAL ABERTIS

SPAIN

LATAM

FRANCE Traffic (accumulated):

-30,0%

-20,0%

-10,0%

0,0%

10,0%

20,0% 2007 2008 2009 2010 2011

3


LATAM SPAIN FRANCE GDP (accumulated) :

-5,0%

5,0%

15,0% 2007 2008 2009 2010 2011

13.3%

-2.3%

0.1%

15.6%

-22.4%

-8.2%

0.9%

TOTAL ABERTIS

SPAIN

LATAM

FRANCE Traffic (accumulated):

-30,0%

-20,0%

-10,0%

0,0%

10,0%

20,0% 2007 2008 2009 2010 2011

Economic context Progression of the crisis

Prudent when making investments and demanding in legal security

Value of geographical diversification

2011 2012

Economic context Progression of the crisis

4


Factors: Spain Economic context

Improving competitiveness

Consolidating the financial sector

Austerity and spending adjustment

Applying incentive policies Generating new resources

Fostering recovery and growth

Factors: Europe

Economic context

Greater integration of tax policy

Proactive European Central Bank Reduced tensions on sovereign debt

Stabilising the financial system in Europe

5


Other factors Economic context

Consolidating positive factors and recovering trust

The American economy oriented towards recovery

Relative weakness of the Euro

Stronger European leadership and continuity of the reforms



4 Opportunities for PPP

1 Economic context


6


Splitting car parks and logistics parks activity

A year of transformation Financial year 2011

Sale of our stakeholding

Important milestones Financial year 2011

Recovery after extraordinary factors 2010

Absorbing the impact of the analogical switch-off

PR-22 and PR-5 concession (Puerto Rico)

7


Positive results Financial year 2011

EBITDA +1.9%

Income 3.915 B€

Net result + 8.8%

Profit per share 0.95€

Prudent management of the balance Financial year 2011

S&P: BBB+ Fitch: A-

Debt reduced by 769 M€

Keeping the Rating

The merits of the group outweigh the perception of "country risk"

8





1 Economic context


Stock market value Stock market and shareholder reward

+13%

Annual profitability from the birth of abertis

41%

Freefloat

2011 140

120

100

80

60

40

20

2012

ATLANTIA BRISA VINCI IBEX 35 ABERTIS

9


Shareholder reward Stock market and shareholder reward

0.66€ / share

Ordinary dividend

512 M€ (+15%)

1x20 Bonus capital increase

790 M€

1.07€ / share

Extraordinary dividend

(disbursed 2011)

plus issue premium

0.30 on account (disbursed October 2011)

0.36 Complementary (payment on 12/04/2012)




1 Economic context


10


A conditioning economic situation Opportunities for PPPs

Greater demands for profitability and security of projects

Budget difficulties of the administrations

Financial restrictions in public and private sector

An own growth model Opportunities for PPPs

Industrial sense

Service to the territory

General interest

Sustainable profitability

Value generation

11


Applying cost-benefit analysis

Combining austerity measures with incentive policies

Privatisation and concession of infrastructures

Harmonised charging

The moment Opportunities for PPPs

The examples

Moving towards a homogeneous pay-per-use model

Charging the road network:

Extending the concessionary model to other infrastructures

Contributing resources to maintain the network and reduce the deficit

Opportunities for PPPs

12


Commitment to:

Boosting economic growth and generating resources for the administrations

Infrastructures with a high degree of socio-economic profitability


Two factors to be combined

Geographical diversification

Significant presence in the priority countries

Benchmark partner for the administrations


13





1 Economic context


abertis Foundation CSR and Corporate Government

14


abertis Foundation CSR and Corporate Government

Fields in which the Foundation is active

Social action

Heritage recovery and cultural divulgation

Corporate volunteer work

Boosting knowledge

Sustainability

Road safety

CSR and Corporate Government

15


CSR and Corporate Government International recognition

Corporate Government model

Company strategy supervision and control

Business management executive functions

CEO and management

Administration Board and President

CSR and Corporate Government

16


The future depends on us

Building a project in which we have everything to gain

Future vision

Shareholders

Talent

Criterion

History

Resources

Capabilities

presentation president abertis shareholders' general meeting 20120

Education

junta general daccionistes

shareholder rewardstock

balance financial year

factors economic context

shareholder reward1402011

economic growth

positive resultsfinancial

growth factors