ACS GROUP ACTIVITIES - 3.1. INFRASTRUCTURE 3.2. INDUSTRIAL SERVICES 3.3. SERVICES - Informe Anual
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3. ACS GROUP
ACTIVITIES
3.1. INFRASTRUCTURE
3.2. INDUSTRIAL SERVICES
3.3. SERVICES
58 Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
INTEGRATED REPORT
Free translation from the original in Spanish.ACS GROUP
In the event 2020
of discrepancy, the Spanish-language version prevails.
Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
CONSOLIDATED
Free translation from the original in Spanish. DIRECTORS’
In the event of discrepancy, the Spanish-language REPORT
version prevails. 59
3.1. INFRASTRUCTURE
THIS AREA COMPRISES CONSTRUCTION ACTIVITY THROUGH
DRAGADOS AND HOCHTIEF, AND CONCESSIONS ACTIVITY,
PRIMARILY THROUGH IRIDIUM AND THE STAKE IN ABERTIS.
©HOCHTIEF
60 Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
INTEGRATED REPORT
Free translation from the original in Spanish.ACS GROUP
In the event 2020
of discrepancy, the Spanish-language version prevails.
Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
CONSOLIDATED
Free translation from the original in Spanish. DIRECTORS’
In the event of discrepancy, the Spanish-language REPORT
version prevails. 61
LEADERS IN
INFRASTRUCTURE
This area comprises Construction activity through customers, or through a public-private partnership
Dragados and HOCHTIEF, and Concessions model where the ACS Group is involved in the entire
activity, primarily through Iridium and the stake in value chain of the concession business, from the
Abertis. The Infrastructure area focuses on carrying design of the project to its financing, construction,
out all types of Civil Works projects (activities start-up, and operation. The geographical regions
related to developing infrastructures, such as with the highest exposure in the Infrastructure
highways, railways, maritime projects and airports), area are North America, Asia-Pacific and Europe,
Building construction (residential buildings, social primarily operating in markets that are developed
infrastructure and facilities), infrastructure services and safe from a geopolitical, macroeconomic and
(railway, transportation, communications and legal perspective.
technology, energy, resources, water and defense
sectors), as well as activities related to the mining This activity seeks to maximize the operational
sector (carried out by CIMIC, primarily in the Asia- efficiency and profitability of each project. The
Pacific) and the development and operation of decentralized structure of the Infrastructure activity,
transportation concessions. together with the specialization and complementary
nature of each company, enables the ACS Group to
These projects are carried out either through take on larger and more complex projects in a more
direct construction models for public and private flexible and customer-focused way.
SALES EBITDA*
27,559 1,781 EMPLOYEES
57,597
MILLION EURO MILLION EURO
BACKLOG NET PROFIT
57,609 MILLION EURO
99
MILLION EURO
SALES EBITDA* BACKLOG
MN € MN € MN €
40,000 2,500 2,239 2,421 80,000
30,955 64,969
28,785 27,559 2,000 1,781
30,000 60,000 59,350 57,609
1,500
20,000 40,000
1,000
10,000 500 20,000
0 0 0
2018 2019 2020 2018 2019 2020 2018 2019 2020
*From 2018–2020, EBITDA includes the “Operational activities equity method”: the result corresponding to the partners (including Abertis’ contribution to the
Group) and joint ventures that make up ordinary activity.
88.70% 10,776,649 4,684,354
EMPLOYEES COVERED BY -10.5% COMPARED TO 2019 -19.6% COMPARED TO 2019
OHSAS 18001 OR ISO 45001 ENERGY CONSUMPTION (MWH) TOTAL EMISSIONS (TONS OF CO2)
93.6% 81.8% 5.4 MN€
LOCAL EMPLOYEES LOCAL SUPPLIERS INVT. IN SOCIAL ACTION
62 Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
INTEGRATED REPORT ACS GROUP 2020
CONSTRUCTION
Dragados is a leading construction company Dragados is developing major infrastructure
founded in the early 20th century, whose activity projects in other European countries, such as the
is oriented toward the development of Civil Works United Kingdom, Ireland and Poland, where it is
infrastructure (highways, railways, maritime, established through its subsidiary, Polaqua. Over
hydraulic and airport works) and both residential and the past few years, Dragados has fomented its
non-residential Building construction. Dragados activity in the United States and Canada thanks
is a global leader in the Construction sector, to its position and the solid growth of its activity
having participated in the creation of more than through its North American subsidiaries, Schiavone,
7,000 km of highways, 3,500 km of roads, 1,500 Pulice, John P. Picone, Prince Contracting and J.F.
bridges, 1,380 km of tunnels, 545 maritime works, White Contracting, and its head companies on
250 dams and hydroelectric plants, 2,700 km of the North American continent, Dragados USA and
railways, rail transportation and numerous railway Dragados Canada. Dragados also has extensive
facilities and 70 million sq. km of different buildings experience in the execution of projects in Latin
types, such as airports, hospitals, museums, high- America, with a presence spanning over thirty-five
rise buildings and residential buildings. years, especially in Chile and Argentina, where
Dycasa operates.
Dragados is the leading construction company
in Spain, with a number of national subsidiaries Dragados’ position in selected countries allows
specializing in different areas. Dragados is also a it to face the immediate future, marked by the
global leader in construction, in addition to being COVID-19 pandemic, with a solid base that serves
one of the world’s largest contractors in public– as the foundation for future growth in markets that
private partnerships (PPP), having designed and we expect to have immediate growth once the
built more than 100 concession projects worldwide. current situation is overcome.
SALES BACKLOG NET PROFIT
4,518
MILLION EURO
11,769
MILLION EURO
107
MILLION EURO
Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails. 63
HOCHTIEF is a leading global infrastructure the operation and maintenance phase (Brownfield).
group, through its construction and services and Today, HOCHTIEF is a leader in infrastructures in
concession/public-private partnership (PPP) developed markets, and is involved in the entire
activities, focusing primarily on the Australian, North value chain of the infrastructure sector. This
American and European markets. diversification both in terms of activities and markets
gives HOCHTIEF a balanced business profile with
For almost 150 years, HOCHTIEF has carried out regard to cash flow visibility, capital intensity and
highly complex projects for its customers in its margins.
primary area of activity, the construction industry.
The Group has also undertaken geographic HOCHTIEF’s strategy is to further strengthen its
diversification of its activities and has increased position in its core geographic areas, focusing on
its experience through engineering, mining and the growth opportunities offered by the market, as
maintenance service projects, as well as through well as investing in assets that offer strategic growth
public-private partnership and concession projects opportunities for the company, thereby creating
in both the development phase (Greenfield) and sustainable value for all stakeholders.
NET PROFIT ACS GROUP CONTRIBUTION TO
SALES BACKLOG REPORTED NET PROFIT REPORTED
22,954MILLION EURO
45,840 MILLION EURO
427
MILLION EURO
220
MILLION EURO
©ASD_HongKongSpecialAdmin
64 Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
HOCHTIEF AMERICAS HOCHTIEF ASIA PACIFIC HOCHTIEF EUROPE
HOCHTIEF Americas comprises The activities of the HOCHTIEF Asia Pacific divi- HOCHTIEF Solutions AG is
companies that are primarily fo- sion are carried out by the CIMIC Group (in which the managing company of the
cused on the areas of building HOCHTIEF has a 78.58% stake as of December HOCHTIEF Europe division.
and transportation infrastructure 2020). The CIMIC Group is a leader in construction HOCHTIEF Europe is focused
development. Its main compa- engineering, mining, services, and public-private on construction activities and,
nies are Turner, Clark Builders, partnership contracts, with the expertise to deliver in a complementary manner,
Flatiron and E.E. Cruz. value throughout the entire life cycle of infrastruc- on concessions, primarily in
ture and mining assets. Germany, Poland, the Czech
Turner, a New York-based com- Republic, Austria, the United
pany, is a market leader with 117 In December 2020, CIMIC completed the sale of Kingdom, the Netherlands and
years of experience in the deve- a 50% stake in Thiess’s share capital. Thiess is in Scandinavian countries. In
lopment of building projects. a CIMIC subsidiary that provides mining servi- Europe, HOCHTIEF focuses
ces by developing and managing open-pit and on the transportation infras-
In 2020, Turner was once again underground mining projects in Australia, Asia, tructure, energy, and social/
named by Engineering News-Re- Africa and the Americas. It currently provides ser- urban infrastructure markets.
cord (ENR) as the leading con- vices to 25 projects.
tractor in the United States and The companies operating in
in Green Building, in addition The main companies through which CIMIC opera- the HOCHTIEF Europe division
to leading the ranking in other tes are: CPB Contractors, Sedgman, UGL, Pacific offer a wide range of services
building segments, thanks to its Partnerships and EIC Activities. through HOCHTIEF Infrastruc-
focus on developing efficient, hi- ture, which is responsible for
gh-quality projects based on in- CPB Contractors, which also includes Leighton the construction business,
novation and implementing new Asia and Broad Construction, is a leading inter- while HOCHTIEF PPP Solu-
technologies, such as Building national construction contractor that carries out tions is involved in project de-
Information Modeling (BIM). projects covering all key industry sectors, such velopment through public-pri-
as roads, railways, tunnels, defense, construction vate partnership (PPP) models
Clark Builders is focused on buil- and infrastructure. in collaboration with other
ding projects, primarily in wes- HOCHTIEF subsidiaries.
tern and northern Canada, often Sedgman is a market leader in the design, cons-
in collaboration with Turner, in- truction and operation of state-of-the-art mineral It also has HOCHTIEF Engi-
cluding institutional, commercial processing plants and in all infrastructure related neering, which is not only an
and healthcare projects, as well to mining activity. engineering services provi-
as sports facilities. der, but through HOCHTIEF
UGL offers services for critical assets in energy, ViCon is also one of the lea-
Colorado-based Flatiron spe- water, resources, transportation, defense and se- ding providers of services in
cializes in transportation and in- curity, and social infrastructure, providing value the field of virtual construction
frastructure projects, including in the operation of these assets. and Building Information Mo-
bridges, roads, railways/transit, deling (BIM). Finally, Synexs
airports, and water storage and Pacific Partnerships develops, invests in, and is actively involved in the ma-
treatment facilities. Flatiron is manages infrastructure concession assets for the nagement of facilities in the
also regularly featured in ENR CIMIC Group, providing customers with end-to- German market.
rankings, where it achieves lea- end infrastructure development solutions through
ding positions in the roads, bri- public-private partnership models, as well as in- Construction activity in
dges and transportation catego- frastructure management. HOCHTIEF-relevant European
ries. countries declined by 2.7% in
EIC Activities is the CIMIC Group’s technical and 2020. At the country level, the
E.E. Cruz is HOCHTIEF’s subsi- engineering services business. main driver of this trend was
diary in New York and New Jersey. the severity of restrictions to
CIMIC also has a 47% stake in Ventia, a service contain the coronavirus pan-
The overall market outlook is company. demic. The outlook for subse-
largely stable in North America, quent years is positive, with
with the construction sector as a In compliance with sustainability criteria for cons- growth rates of 2.2% in 2021
whole registering 0.4% growth in truction projects, CIMIC is undertaking environmen- and 2.5% in 2022. The hi-
2020 despite the impact of CO- tal building and infrastructure projects in Australia. ghest growth rates during this
VID-19. Assuming a broadly sta- period are expected in the in-
ble year in 2021, IHS Markit ex- After strict coronavirus containment measures led frastructure sector, with 2.5%
pects a slight growth of 0.8% in to a decline in activity in HOCHTIEF-relevant coun- in 2021 and 3.1% in 2022.
2022. This represents a positive tries in the Asia-Pacific region, future prospects for The non-residential building
trend in infrastructure projects in the market environment are positive. IHS Markit ex- construction sector is expec-
2022, along with a stabilization in pects a return to strong growth rates exceeding 4% ted to be strong, with growth
building construction volume and from 2021, with the greatest potential for growth in rates between 1.0% and 2.6%
residential construction growth. infrastructure construction. between 2021–2022.
SALES NET PROFIT SALES NET PROFIT SALES NET PROFIT
14,676
MILLION EURO
237
MILLION EURO
6,886
MILLION EURO
230
MILLION EURO
1,271
MILLION EURO
40
MILLION EURO
Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
CONSOLIDATED DIRECTORS’ REPORT 65
CONCESSIONS
portfolio, with the completion of construction, while
at the same time many projects faced processes
involving the start of operations, refinancing, the need
IRIDIUM Concesiones de Infraestructuras is the ACS to rotate certain assets, and general management in
Group company that focuses its international activity the context of the health crisis caused by COVID-19.
on the infrastructure sector, primarily transportation. This objective was largely achieved to the extent that:
As such, stakes in around 50 concession projects,
representing an aggregate investment of more than The following projects were successfully
-
€ 30,000 million, are managed through IRIDIUM, commissioned: Toll Lanes on State Highway 288
primarily involving roads and highways (47% of the in Texas (USA) and the N25 in Ireland (Europe).
investment and more than 1,100 km), and subways
and railways (47% of this investment and about 300 - Two projects were refinanced in Spain: Line 9
km of track under management). Geographically, Section 4 of the Barcelona Metro and EMESA
around 64% of this investment is located in the (Empresa Mantenimiento y Explotación M-30,
United States and Canada across 16 projects S.A.) in Madrid.
(10 highways and 6 railway/subway projects),
while Europe accounts for more than 20% of this - There was partial divestment from projects in Spain:
investment across 14 road and highway projects, Autovía de la Mancha, Inversora de la Mancha,
4 railway and subway projects, and 12 projects Santiago Brión, Autovía de los Pinares and Autovía
involving public services and facilities, hospitals, del Pirineo, justifying the asset rotation strategy
parking lots, transportation hubs, etc. set out by the company. This operation led to a
significant reduction in demand-side risk exposure,
The challenge of fiscal year 2020, continuing on which is of particular importance in a context of
from the previous year, was the management of this declining mobility due to the COVID-19 crisis.
SALES NET PROFIT Iridium’s Concessions
87
MILLION EURO
33
MILLION EURO
Backlog (more information
in Annex 7.4.2.)
safe, comfortable, fast and easy journey when they
choose the Group’s highways Committed to research
and innovation, Abertis combines advances in high-
Abertis is one of the leading international operators capacity infrastructure with new technologies to drive
in toll road management, with over 8,600 km of innovative solutions that meet the challenges of the
high-capacity, high-quality roads in 16 countries mobility of the future.
across Europe, America and Asia. Abertis is the
leading national highway operator in countries such Abertis has been significantly affected by the lockdown
as Spain, Chile and Brazil, and also has a major and mobility restriction measures implemented in
presence in France, Italy, Puerto Rico and Argentina. most countries where it operates since the second
The company has stakes in the management of half of March, causing a 21% decline in average daily
more than 200 km of roadway in France, the United traffic and significantly impacting its earnings.
Kingdom and Colombia.
Turnover fell by € 1,300 million and EBITDA by 23%
Thanks to the internationalization strategy developed in comparable terms; therefore it has had a negative
by the Group in recent years, more than 70% of contribution to ACS’s net profit of € (35) million, i.e.
Abertis’ revenue now comes from outside Spain, with € 280 million less than the previous year. Abertis
a particularly strong contribution from France, Brazil has continued its strategic plan for international
and Chile. expansion by investing in new concessions, trusting
that the pandemic situation is short-term, by investing
For Abertis, safety is a priority. The company in the purchase of Red de Carreteras de Occidente
continually invests in technology and intelligent in Mexico and acquiring Elizabeth River Crossings in
engineering to ensure that its customers have a Hampton Roads in the United States.
ACS GROUP
CONTRIBUTION TO
SALES NET PROFIT NET PROFIT
4,054
MILLION EURO
-392
MILLION EURO
-35
MILLION EURO
66 Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
INTEGRATED REPORT ACS GROUP 2020
INFRASTRUCTURE
CONSTRUCTION CONCESSIONS
100%
100%
100% HOCHTIEF HOCHTIEF
Americas Europe
INFRASTRUCTURE DEVELOPMENT
100%
100%
INFRASTRUCTURE CANADA INC.
100% 51% SOLUTIONS AG
100%
100% 40%
60% 30% 20%
100% 100% INFRASTRUCTURE ENGINEERING
100% 100%
100%
PPP SOLUTIONS
66%
HOCHTIEF 100% 100%
Equity Method
Asia Pacific
100%
78,58%
100%
MINING PUBLIC PRIVATE
CONSTRUCTION MINING PROCESSING SERVICES PARTNERSHIPS ENGINEERING
100%
100%
100%
50% 100% 100% 100% 100%
100%
100%
100%
100%
OTHER
INVESTMENTS 100% 47% 59%
©HOCHTIEF
Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
CONSOLIDATED
Free translation from the original in Spanish. DIRECTORS’
In the event of discrepancy, the Spanish-language REPORT
version prevails. 67INFRASTRUCTURE
ACTIVITY IN 2020
REVENUES BREAKDOWN
BY GEOGRAPHICAL AREAS
5%
6% 12
15 5
9 4
25%
17 1
20
SPAIN 1,366 MN € 19
7
REST OF EUROPE 1,707 MN €
1% NORTH AMERICA 17,313 MN €
SOUTH AMERICA 324 MN €
ASIA PACIFIC 6,763 MN €
63% AFRICA 86 MN €
BACKLOG BREAKDOWN
BY GEOGRAPHICAL AREAS
4%
10%
33%
51%
SPAIN 2,238 MN €
REST OF EUROPE 5,975 MN €
NORTH AMERICA 29,619 MN €
2% SOUTH AMERICA 856 MN €
ASIA PACIFIC 18,921 MN €
AFRICA 0 MN €
2020 REVENUES BREAKDOWN BY COUNTRY (EURO MILLION)
UNITED STATES 15,684
AUSTRALIA 5,054
CANADA 1,627
SPAIN 1,366
GERMANY 857
INDONESIA 561
HONG KONG 549
POLAND 395
NEW ZEALAND 293
CHILE 206 CIVIL WORKS
CONSTRUCTION
U.K. 188
MINING
OTHERS 778
SERVICES
68 Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
INTEGRATED REPORT ACS GROUP 2020MAIN COUNTRIES WHERE THE ACS GROUP IS DEVELOPING
CONSTRUCTION ACTIVITY
13 19
6
14
10 11
7 3
18
2
16
8
MAIN WORKS AWARDED IN 2020
VALUE UNITED STATES VALUE
142
ASIA-PACIFIC 15
277
VALUE
1 UNITED STATES 8
2,004 Maintenance service contracts for UGL Design and construction to adapt Stony
Construction of a new 1.2 million-squa- Brook University into an alternative care
re-foot 30-gate terminal at San Diego customers in the oil and gas sector in facility for COVID patients in New York,
International Airport, California Western Australia and Victoria, Australia United States
MILLION EURO MILLION EURO MILLION EURO
VALUE
ASIA-PACIFIC
1,539
2 Five-year extension of the contract with UNITED STATES VALUE
9 ASIA-PACIFIC
220
VALUE
16
139
the Jellinbah Group for mining services at
the Lake Vermont coal mine in Queens- Construction of an 8-mile access pipeline Contract for the development of the Joy
land, Australia to the waste water treatment plant in Ce- Baluch AM Bridge expansion in Port Au-
MILLION EURO dar Creek, United States gusta; the Port Wakefield overpass and
highway expansion and the road plan-
ASIA-PACIFIC VALUE
MILLION EURO
ning project between Port Augusta and
3
MILLION EURO
493
Development of the ASMTI facilities Port Wakefield, Australia
project for the Australian Government’s
126
Department of Defense in North Queens-
land, Australia 10 EUROPE VALUE 17 UNITED STATES
195
MILLION EURO
Design and construction of the new sec- Building renovation at Austin State Hos-
tion of the Highway A15 project and addi- pital (ASH) in Texas, United States
UNITED STATES VALUE
tional lanes along stretches of Highway MILLION EURO
4 A12/A15 in Arnhem, Netherlands
400
Construction of a new tower and clinical MILLION EURO VALUE
123
services center attached to the current
EUROPE
Wexner Medical Center Hospital. The
contact also includes demolition of cu- 18 Construction of 7.8 miles (12.49 km)
VALUE
185
rrent premises and parking lots and the
construction of two new parking garages MILLION EURO 11 EUROPE of Highway A2 between Warsaw and
Kukuryki, on the stretch between Grę-
in Columbus, Ohio, United States Construction of the new A40 bridge over zów and Swoboda, Poland MILLION EURO
VALUE the Rhine River in Duisburg-Neuenkamp,
376
Germany
UNITED STATES MILLION EURO VALUE
123
5 UNITED STATES
Construction of new premises to house
all current entities of the Department VALUE 19 Contract for rehabilitation and improve-
12
182
of Transportation and Volpe Center in MILLION EURO
UNITED STATES ment of a stretch of Route 210 in Los
a single 13-story, 400,000-square-foot Contract for refurbishment of terminals Angeles, California, United States MILLION EURO
building in Cambridge, Massachusetts, A, B and C at Denver Airport, Colorado,
United States United States
MILLION EURO
113
VALUE
EUROPE VALUE
UNITED STATES
EUROPE 20
376
6 13
176
VALUE
Contract for the construction of the 1.4- Reconstruction of Taxiway C at Dallas
mile (2.2-km) Altona noise-reduction tun- Design and construction of 12.1 miles Love Field Airport in Dallas, Texas, Uni-
nel on Hamburg’s Highway A7, including (19.46 km) of Highway S-61 between ted States
the access and exit roads. in Germany Prodborze and Sniadowo, Poland MILLION EURO
MILLION EURO MILLION EURO
VALUE
157
VALUE
UNITED STATES
351
7 14 EUROPE
Contract to extend and rehabilitate 53.6 Design and construction of 10.6 miles
miles of roadway on Highway 50 be- (17 km) of Highway S-3 Swinoujs-
tween Watt Avenue and Interstate 5 in cie-Tronszyn between Swinoujscie and
Sacramento, California, United States MILLION EURO Dargobadz, Poland MILLION EURO
Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
CONSOLIDATED DIRECTORS’ REPORT 69ACTIVITY
IN 2020
In construction and infrastructure development ac- In the Asia-Pacific region, the Group operates
tivity, development of the business model has conti- primarily through CIMIC, a HOCHTIEF subsidiary
nued through an increasingly integrated model with that is listed in Australia. During 2020, sales in
a more controlled risk profile based on the following the region amounted to € 6,763 million, while the
key points: backlog stood at € 18,921 million at year-end,
being primarily affected by the stoppage of activity
and the widespread delay in the pace of awarding
new projects due to COVID-19.
1. Position in strategic markets
In Europe, the Group operates through Dragados
The ACS Group’s Infrastructure area performs its and the HOCHTIEF Europe division, which carry
different activities primarily in developed markets out civil engineering and construction activities,
with the potential for growth and that offer a stable as well as building activities. Sales amounted to
framework in operational, financial and legal terms € 3,072 million and the backlog stood at € 8,213
and where the Group already has a consolidated million, remaining practically stable due to a 20.6%
leadership position. growth in German production and the stability of
activity in Spain (+0.5%) year-on-year.
Accordingly, infrastructure sales in 2020 stood at
€ 27,559 million with North America (United States
and Canada) and Australia together accounting for 2. Value chain integration
more than 83% of this, while Europe accounted for
11.2% of sales primarily due to activity in Spain The Group has maintained a leadership position
(5%) and Germany (3%). within the infrastructure development sector for more
than 10 years, with solid positioning throughout the
In the United States and Canada, the ACS Group entire value chain in the development and operation
carries out its construction activities through of infrastructure, especially transportation.
Dragados, focused on developing civil works projects,
and HOCHTIEF Americas’ subsidiaries: Turner, the The Group has three companies dedicated to
market leader in Construction Management; and developing both transportation and social infrastructure
Flatiron, which is dedicated to civil works. Sales in concession projects: Iridium, HOCHTIEF PPP and the
this region fell by 5.3% year-on-year to € 17,313 CIMIC subsidiary Pacific Partnership. This positioning
million. At the end of 2020, the backlog in this area in the area of concessions was strengthened in
stood at € 29,619 million, decreasing by 7.7% year- 2018 by the acquisition of a significant stake in
on-year, primarily impacted by the depreciation of Abertis, which enabled the ACS Group to increase its
the US dollar. presence in the sector.
70 Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
INTEGRATED REPORT
Free translation from the original in Spanish.ACS GROUP
In the event 2020
of discrepancy, the Spanish-language version prevails.Throughout 2020, the “Greenfield” infrastructure June. In December 2020, Abertis and Manulife
development companies, i.e. Iridium, HOCHITEF Investment Management completed the acquisition
PPP and Pacific Partners, continued to seek of 100% of Elizabeth River Crossings (ERC) in
development opportunities in more specialized Hampton Roads, Virginia, for approximately €
markets, primarily North America, Northern Europe 1,000 million, leaving Abertis with a 55.2% stake
and Australia, where there is higher growth and in the purchasing consortium. The integration of
greater stability. For example, in North America, this asset will strengthen Abertis’s growth platform
Iridium has an aggregate investment of more than € in the United States and facilitate the analysis of
18,000 million and is prequalified for 10 projects in future opportunities.
2021 (7 in Canada and 3 in the US), which include
the Quebec City Tramway Project in Canada and As of 2020, the Group’s backlog has 90 concession
the expansion of the State Route 400 freeway in assets, of which approximately 70% are in operation.
Georgia and the expansion of the North Corridor
Metrorail in Miami, Florida in the United States. These assets represent a total managed investment
of over € 53,000 million and the investment
Abertis, supported by its strategic partners Atlantia, committed by the ACS Group in these projects
HOCHTIEF and ACS, completed the acquisition amounts to € 1,000 million, approximately two
of Mexico’s RCO (Western Highway Network) in thirds of which has already been disbursed.
GLOBAL LEADER IN THE VALUE CREATION
INFRAESTRUCTURE SECTOR ALONG THE CHAIN
Promotion, development, Construction Operation and Maintenance
and financing
1-3 Years 3-5 Years 20-40 Years
Ramp-up
GREENFIELD BROWNFIELD
Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
CONSOLIDATED DIRECTORS’ REPORT 71ACS GROUP INFRASTRUCTURE
CONCESSION BACKLOG
CONCESSIONS TOTAL INVESTMENT MANAGED COMMITTED EQUITY
90
70% EXPLOITATION /
53,400 €MN 1,000 €MN
30% CONSTRUCTION
COMMITTED EQUITY BY COMMITTED EQUITY BY
TYPOLOGY GEOGRAPHY
(NUMBER OF CONCESSIONS) (NUMBER OF CONCESSIONS)
21% 2%
15%
PPP SOLUTIONS
25% 58%
22% 58%
ROADS EUROPE
RAILWAYS NORTH AMERICA
SOCIAL/OTHERS AUSTRALIA
LATAM
The ACS Group has also identified a pipeline of strategic regions where it has a greater presence,
more than 150 PPP projects with a total value of € and have a very positive growth outlook for the
225,000 million to be developed over the next four infrastructure sector.
years. These projects are located in the Group’s
2020 PPP PROJECTS
PIPELINE BREAKDOWN
21%
20%
23% +150
IDENTIFIED PPP
INFRASTRUCTURE
PROJECTS
36%
AUSTRALIA USA CANADA EUROPE 225,000 €MN
72 Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
INTEGRATED REPORT ACS GROUP 2020FEATURED
PROJECTS
N25 NEW ROSS BYPASS
CLIENT The APP N25 New Ross Bypass family was originally from the area
Transport Infraestructure Ireland project consists of a 14-km highway where this unique structure is
(TII) / N25 New Ross Bypass with two lanes in each direction located. It is a 3-tower, extradosed
PPP Co serving as a beltway around the city bridge spanning approximately
of New Ross in southeast Ireland. 900 m from Pink Point in Kilkenny
PROJECT EXECUTION It was built by the construction County to Stokestown in Wexford
DATES company “New Ross Bypass County, and continues on to link
January 2016–January 2020 J.V.” (50% DRAGADOS), with to the N30 at Corcoran’s Cross.
an investment of € 146 million. It is not only the longest bridge
LOCATION IRIDIUM, with a 50% stake in the in the Republic of Ireland, with its
New Ross, County Wexford. concession holder, is responsible two 230-m central spans, it set the
Ireland for the financing, construction and world record for the bridge with
CONTRACT TYPE operation of the N25 New Ross the longest span.
Dragados: Highway Bypass project. IRIDIUM has the
same percentage stake in the The project began operation
Iridium: Concession with availa- operating company. in January 2020, when the
bility payments concession holder began receiving
AMOUNT The beltway begins at a junction monthly availability payments from
146 million euros with the current N25 in Glenmore, Transportation Infrastructure Ireland
Co. Kilkenny before crossing (TII). IRIDIUM, together with its
COMPANIES INVOLVED IN the Barrow River. The project’s partner BAM Civil, has a 50% stake
THE PROJECT unique feature is the Barrow River in an operating consortium that
DRAGADOS IRELAND LTD Bridge, whose official name is the is responsible for operation and
50% - BAM CIVIL 50% - Rose Fitzgerald Kennedy Bridge, maintenance activities during the
IRIDIUM in memory of the mother of infrastructure project’s 25 years of
President John F. Kennedy, whose operation (until 2045).
Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
CONSOLIDATED DIRECTORS’ REPORT 73HAMPTON ROADS BRIDGE-TUNNEL (HRBT)
EXPANSION PROJECT
CLIENT The Hampton Roads Tunnel- The I-64 corridor between the
Commonwealth of Virginia Bridge (HRBT) Expansion Project cities of Hampton and Norfolk (the
/ Virginia Department of is the largest construction project latter being home to the largest
Transportation (VDOT) in Virginia’s history. Including the U.S. Navy base) is one of the most
construction contract, owner costs, congested in Hampton Roads, with
PROJECT EXECUTION and contingencies, the total project traffic exceeding 100,000 vehicles
DATES budget is $ 3,800 million, making a day during peak summer hours.
April 2019–November 2025 it one of the largest transportation The HRBT expansion project was
infrastructure projects in the United commissioned by the Virginia
LOCATION States. Department of Transportation
Cities of Hampton and Norfolk, (VDOT) to increase capacity,
Virginia, USA This mega-project is made possible alleviate major traffic jams, improve
AMOUNT by unprecedented cooperation travel time reliability and safety,
2,796.69 million euros. between the seven independent update transportation management
cities that make up the Hampton systems, and support emergency
COMPANIES INVOLVED Roads region of East Virginia. In evacuation.
IN THE PROJECT April 2019, the Commonwealth of
Hampton Roads Connector Virginia signed a Financing and The current Hampton Roads I-64
Partners CJV (Dragados - 42%, Management Project Agreement with Tunnel-Bridge is a 3.5-mile structure
Vinci Construction - 28%, Flati- the Hampton Roads Transportation with two 7,500-foot-long, two-lane
ron Constructors - 25%, Dodin Accountability Commission and submerged tube tunnels connecting
Campenon Bernard - 5%) and signed a Comprehensive Agreement artificial islands in the James River
I-64 Design JV (HDR and Mott with Hampton Roads Connector with trestle bridges on the banks
MacDonald) Partners, the joint venture construction of Hampton and Norfolk. The first
company that will design and build the two-lane HRBT tunnel was opened
10-mile expansion works. in November 1957 and the second
opened in November 1976.
Hampton Roads Connector Partners
(HRCP), the joint venture project The HRBT expansion project will
construction company formed by extend 8 km of the current I-64 four-
Dragados, Vinci Construction, Flatiron lane stretches in both Hampton and
Constructors and Dodin Campenon Norfolk to six lanes plus two part-time
Bernard, is currently in the design and shoulder lanes. It will also build two
pre-construction phase of the project. drilled two-lane tunnels west of the
Construction began in the second current tunnel running eastward and
quarter of 2020, and is expected to be build/replace or expand 27 bridge
completed in November 2025. structures along the project corridor.
74 Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
INTEGRATED REPORT ACS GROUP 2020SOFI
STADIUM
HOME OF NFL TEAMS The SoFi Stadium in Inglewood, A characteristic feature of the
Los Ángeles Rams and Los California was completed in 2020. stadium is the open, semi-
Ángeles Chargers The state-of-the-art stadium transparent roof, covering an area
completely reimagines the fans’ of approximately 93,000 sq. m.
PROJECT EXECUTION experience.
DATES
November 2016–August 2020 In the future, SoFi Stadium will
also host other major events
LOCATION with audiences of up to 100,000
Inglewood, CA, USA people, such as Super Bowl LVI
in 2022, and the opening and
AMOUNT closing ceremonies of the 2028
1,062 million euros Summer Olympics.
COMPANIES INVOLVED IN The stadium features the world’s
THE PROJECT/CONTRACT largest immersive video screen,
Turner/AECOM Hunt JV with 80 million pixels providing
(Turner share 50%) a clear view of the action. The
display is 110 m long and weighs
almost 1,000 tons.
Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
CONSOLIDATED DIRECTORS’ REPORT 753.2. INDUSTRIAL
SERVICES
ONE OF THE MAIN GLOBAL COMPETITORS IN APPLIED
INDUSTRIAL ENGINEERING SECTOR
76 Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
INTEGRATED REPORT
Free translation from the original in Spanish.ACS GROUP
In the event 2020
of discrepancy, the Spanish-language version prevails.Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
CONSOLIDATED
Free translation from the original in Spanish. DIRECTORS’
In the event of discrepancy, the Spanish-language REPORT
version prevails. 77AN INDUSTRY
LEADER
The Industrial Services area is focused on applied industrial engineering, through the development,
construction, maintenance and operation of energy, industrial and mobility infrastructures, as well as
water-related and environmental infrastructure. These projects are carried out for both public and private
customers, and, in many cases, the Group’s companies provide financing solutions, including shareholder
participation in ownership of the constructed infrastructure.
Thus, thanks to the large group of companies through which it operates, the Industrial Services area is
one of the world’s leading competitors in the field of Applied Industrial Engineering, with projects in over
60 countries.
The vast majority of activities in the area of Industrial Services are directly or indirectly related to achieving
the United Nations Sustainable Development Goals.
SALES EBITDA
5,850 661 EMPLOYEES
45,426
MILLION EURO MILLION EURO
BACKLOG NET PROFIT
8,916MILLION EURO
312
MILLION EURO
SALES EBITDA* BACKLOG
MN € MN € MN €
10,000 1,000 10,000 9,845 9,924 8,916
8,000 800 675 693 661 8,000
6,385 6,530 5,850
6,000 600 6,000
4,000 400 4,000
2,000 200 2,000
0 0 0
2018 2019 2020 2018 2019 2020 2018 2019 2020
*From 2018–2020, EBITDA includes “Consolidation of operational activities”.
5.84 32.9 MN€ 90.9% 2,068,461
1.8% COMPARED TO 2019 -21.2% COMPARED TO 2019 OF EMPLOYEES TRAINED -9.2% COMPARED TO 2019
FREQUENCY INDEX** INVESTMENT IN HEALTH AND IN HEALTH AND SAFETY NUMBER OF HOURS OF TRAINING
SAFETY DURING THE YEAR IN HEALTH AND SAFETY
14.5 MN€ 82
INVESTMENT IN R&D NUMBER OF R&D PROJECTS
**Frequency index: Number of accidents during the workday for every million hours worked.
78 Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
INTEGRATED REPORT ACS GROUP 2020Companies in the Industrial Services area cover several types of infrastructure with a strong industrial
engineering component:
Energy Environment
Generation, transmission, storage, demand The Industrial Services area has seen
management, sale and distribution of electricity, in many increased activity in the Environment sector,
cases as contractors for owners of projects or assets. especially in all aspects related to the water
cycle, developing desalination plants, drinking
In terms of electricity generation, the Industrial Services water production plants, wastewater treatment
area is heavily focused on renewable energies, and water regeneration for reuse.
especially solar photovoltaic, solar thermal, onshore
and offshore wind, hydroelectric, biomass, etc. The Group frequently participates in the financial
structuring of projects and in the takeover of
Also, in the area of Industrial Services, it is among the concession holders’ shareholdings, when this is
leading companies in the transmission sector, developing required for executing a project.
line projects across all voltages, including both AC and
DC 800 kV; in addition, AC/DC converter substations are In addition, capture, pumping and irrigation
being built in association with level-one OEMs. systems are carried out.
The Group’s companies work for power distributors Group companies undertake the dismantling
in many countries, addressing the expansion, of nuclear or radioactive plants or facilities, as
digitization and maintenance needs of their networks. well as the recovery of contaminated land.
Other Group companies carry out high energy Group companies are working on major
efficiency electromechanical installations in all types innovations for the future of the water cycle and
of buildings, industries and public spaces, as well as for its interrelationship with energy and food
maintenance and, where appropriate, rehabilitation production (NEXUS).
and improvements associated with these installations.
Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
CONSOLIDATED DIRECTORS’ REPORT 79Mobility and Multi-sectoral Project
Urban Services Development
The Industrial Group is one of the world’s major The Group has activities in Health and Education,
mobility leaders, with heavy activity in traffic through the construction of medium-sized hospitals
control centers and facilities, fleet control and educational centers in emerging and developing
for public transportation, electric vehicle countries.The companies in the area work for
recharging, road signage, highway control, Communications Operators in several countries, as
parking control, etc. well as in Security and Control Systems.
Urban services provides a wide range of In addition, the group has a presence in all kinds
services for municipalities, such as public of manufacturing industries facilities and their
lighting, outdoor parking control, accessibility maintenance, such as the automobile, petrochemical,
systems and underground parking management. pharmaceutical industries, as well as extractive
The Group’s companies actively collaborate in sectors, such as mining and O&G.
the progressive development of Smart Cities
with the application of digital technologies to We work as shipbuilding subcontractors and we make
optimize multiple services. maritime devices for all kinds of offshore plants, as
well as modular plants to be installed in inhospitable
and remote locations.
These activities are distributed among the different companies that comprise the parent companies of
the industrial services activity: the Cobra Group and Dragados Industrial, two leading business groups
in their sector with proven experience of over 50 years. For example, 2019 marked one hundred years
since the creation of SEMI, and 75 years since the creation of Cobra and 2021 will mark one hundred
years since the creation of SICE.
INDUSTRIAL
SERVICES
100% 100%
GRUPO DRAGADOS
COBRA INDUSTRIAL
100% 100%
100% DRAGADOS INDUSTRIAL
(ENGINEERING AND PLANTS)
100%
100%
100%
100%
100%
100%
100%
100% intecsa
industrial
100% 100% 100%
For more information:
4.6. Evolution of the Industrial
Services business area
80 Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
INTEGRATED REPORT ACS GROUP 2020Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
CONSOLIDATED
Free translation from the original in Spanish. DIRECTORS’
In the event of discrepancy, the Spanish-language REPORT
version prevails. 81THE ACS GROUP’S INDUSTRIAL SERVICES
ACTIVITY IN 2020
REVENUES BREAKDOWN
BY GEOGRAPHICAL AREAS
6%
8%
37%
29% SPAIN 2,167 MN €
REST OF EUROPE 488 MN €
NORTH AMERICA 703 MN €
SOUTH AMERICA 1,716 MN €
ASIA-PACIFIC 437 MN €
AFRICA 339 MN €
8%
12%
15
BACKLOG BREAKDOWN
2
BY GEOGRAPHICAL AREAS
5%
6%
37%
30% SPAIN 3,267 MN € 5
REST OF EUROPE 917 MN €
NORTH AMERICA 1,015 MN € 10
SOUTH AMERICA 2,697 MN €
ASIA-PACIFIC 564 MN €
AFRICA 457 MN €
10%
12%
2020 REVENUES BREAKDOWN BY COUNTRY (MN EUROS)
SPAIN 2,167
BRAZIL 816
MEXICO 618
PERU 416
UNITED KINGDOM 180
CHILE 150
ISRAEL 136
PORTUGAL 133
MOROCCO 108
JAPAN 107
IVORY COAST 101
GERMANY 98
ARGENTINA 82
SOUTH AFRICA 80
UNITED STATES 62
EPC PROJECTS
COLOMBIA 52 SPECIALIZED FACILITIES
SAUDI ARABIA 48 CONTROL SYSTEMS
OTHERS 496 NETWORKS
82 Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
INTEGRATED REPORT ACS GROUP 2020MAIN COUNTRIES WHERE THE ACS GROUP IS DEVELOPING
INDUSTRIAL SERVICES ACTIVITIES
1
8
13
11 4 12
6
7
8
9
3
14
MAIN WORKS AWARDED IN 2020
1 EUROPE 6 SPAIN 11 SPAIN
30 20
VALUE VALUE VALUE
364
Development of the Borwin 5 project Construction of a logistics center for the Contract with Vodafone to rollout its 5G
consisting of an offshore platform that P3 Logistic Park in Onda, Castellón, cellular network in Spain
converts wind power to electric power Valencia (Spain)
(HVDC) in the North Sea (Germany) MILLION EURO MILLION EURO MILLION EURO
27 18
VALUE VALUE
2 LATIN AMERICA VALUE
7 EUROPE 12 SPAIN
125
Installation of the 110-MW Villonaco Contract with Telxius Towers for Contract for mechanical installations, air
Wind Farm in Loja, (Ecuador) the planning and construction of conditioning and other projects in two
telecommunications base transceiver MILLION EURO
Amazon warehouses in Huesca and
MILLION EURO
stations (BTS) (Germany) Zaragoza, (Spain) MILLION EURO
VALUE
102 26
VALUE VALUE
AFRICA 8
17
3 SPAIN 13 SPAIN
Design, construction, setup and Maintenance contract and auxiliary Contract for gas meter reading service
maintenance of two new Provincial works for the electrification facilities on in Spain
Hospitals in Cuanza, (Angola) MILLION EURO Spain’s ADIF conventional rail network MILLION EURO MILLION EURO
(Spain)
ASIA-PACIFIC VALUE
17
VALUE
23
VALUE ASIA AND THE MIDDLE EAST
42
4 SPAIN 9 14 Contract for the design, supply, testing
A complete service contract with Naturgy System for the operation and and commissioning of Intelligent
for the construction and maintenance maintenance of electric buses at King Transport Systems (ITS) for the Rozelle
of distribution networks, the reading of Saud Bin Abdulaziz University in Riyadh, Interchange project, encompassing MILLION EURO
meters and service orders (Spain) MILLION EURO (Saudi Arabia) MILLION EURO
approximately 4.3 miles (7 km) of
tunnels included in the WestConnex
project in Sydney, Australia
15
VALUE VALUE
5 LATIN AMERICA 10 LATIN AMERICA 15 LATIN AMERICA
22
VALUE
32
Contract to carry out installation work Contract to expand the capacity Loop contract for line and internet
for the 156-MW De Puelche Wind Farm of transmission lines between installation with Telefónica (Colombia)
(Chile) Monterrico-Cocharcas and Charrúa-
MILLION EURO Chillán, (Chile) MILLION EURO MILLION EURO
Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
CONSOLIDATED DIRECTORS’ REPORT 83ACTIVITY
IN 2020
The strategy of the Industrial Services area is based on three fundamental points that have continued to contribute
to the advancement and consolidation of the leadership of these companies in their sectors in 2020, despite the
inevitable impact of the COVID-19 pandemic. These key points are:
1 TERRITORIAL 2 PERMANENT ADAPTATION TO 3 CONCESSIONAL
DIVERSIFICATION THE ACCELERATED EVOLUTION OF ACTIVITIES
TECHNOLOGY AND MARKETS
Territorial diversification is one Finally, an important factor
of the greatest assets of the One of the main business drivers in in the area of Industrial
Industrial Services area. the world of industrial engineering Services is the coexistence
is energy and environmental of strong investment demand
Consolidation in today’s sustainability, among which are in energy and environmental
geographic markets and the accelerated development of infrastructures.
penetration into new markets are renewable energies, energy efficiency
essential for medium- and long- services and flexibility services for ACS’s reliability, experience
term growth and stability. the balancing of electrical systems and reputation as a guarantor
and the reliability of electricity supply. of technical success in terms
Accordingly, in addition to having In this regard, the Industrial Services of time, price and performance
a strong presence on the Iberian area occupies a privileged strategic compliance, makes the
Peninsula, the group is also position as a leading company in the Group’s companies leading
expanding in other European implementation of integrated onshore partners for many major
countries, both in developing and offshore wind energy projects, international investors and
unique projects and in recurrent and has a growing presence in major allows them to consolidate as
activities, especially in the thermosolar and photovoltaic projects developers and integrators of
United Kingdom, Italy, Germany, around the world. It is also one of concessional projects in both
Romania and other Eastern the leading regional hydroelectric energy (renewable generation,
European countries. companies in Latin America. electricity transport, sustainable
transport) and environmental
In the Americas, it sustains a In addition, in the coming years, activities (desalination plants,
high level of activity in Mexico, the sector will benefit from the drinking water production
the Andean Zone, Brazil, the evolution and implementation of new plants, purification plants).
Southern Cone and in Central technologies. The Industrial Services
America, while continuing its area is in a good starting position Following the sale of a large
consolidation in the Caribbean. thanks to several of its business part of our renewable portfolio
units, whose activity is closer to to GALP, the Industrial
In the Asia-Pacific, major projects ICTs, Big Data, Artificial Intelligence, Group continues to develop
are being worked on, especially advanced communications, etc. The a significant pipeline of
in water and renewables. It monitoring and implementation of renewable energy generation
continues to have a significant these technological advances, both projects, some of them already
presence in the Middle East. In to improve internal processes and to committed for sale upon
Central Asia, some significant deliver greater value to customers, completion. In addition to
specific projects are being are the main challenges the Group renewable energy generation
developed. Similarly, it has a is working on. Our companies are projects, transmission line
continuing presence in Australia creating Innovation and Technology concessions, desalination,
and New Zealand, especially in groups, and even specialized irrigation and water purification
urban mobility activities. subsidiaries, and are participating projects, and other energy
in dozens of Innovation Projects, in and environmental assets are
In recent years, significant many cases with financial support being developed.
penetration has been taking from the European Commission or
place in Africa, especially from national or regional programs The group’s policy is very
through the permanent office in in the territories where we operate. flexible in terms of earmarking
South Africa, but there is also Increased budget allocations to these assets, always aimed at
work in many African countries, support innovation should serve to maximizing shareholder value.
both in the Maghreb and Sub- assist our companies in accelerating
Saharan Africa. their progress in this field.
84 Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
INTEGRATED REPORT ACS GROUP 2020COMPETITIVE POSITION
IN THE ENERGY SECTOR
TOTAL INVESTMENT 5,513 €MN ACS CONTRIBUTION 1,380 €MN
U.K.
USA SPAIN
ALGERIA
MEXICO
DUBAI
BRAzIL
PERU
URUGUAY SOUTH AFRICA
CHILE
RENEWABLE ENERGY 3,657 mw*
47 PV PLANTS 2,995mw 12 TRANSMISSION LINES 5,842 km
8 WIND FARMS 412 mw 7 DESALINATION/ PURIFIERS 1,666 km3/dAY
3 THERMOSOLAR PLANTS 260 mw 1 COMBINED CYCLE 230 mw
1 HYDROELECTRIC PLANT 20 mw 1 IRRIGATION PROJECT 52,5 k Ha
* Includes assets sold to Galp in January 2020.
GROWING SECTORS: PIPELINE IN THE
RENEWABLES MARKET*
25 GW OF PROJECTS UNDER DEVELOPMENT
BREAKDOWN BY BREAKDOWN BY
TYPOLOGY GEOGRAPHY
OTHERS
PHOTOVOLTAIC SPAIN 10%
4% 11,730 MW 2,536 MW
48% REST OF EUROPE 34%
8,380 MW
NORTH AMERICA 12%
2,906 MW
LATAM 36%
8,871 MW
ROW 8%
1,976 MW
WIND POWER
11,964 MW
48%
* After renewable’s sale operation.
Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
CONSOLIDATED DIRECTORS’ REPORT 85FEATURED
PROJECTS
BORWIN5 OFFSHORE HVDC CONVERTER
STATION AND JACKET
CLIENT COMPANIES INVOLVED IN onshore substation via a 110-km
Tennet THE PROJECT long underwater line.
Dragados Offshore, S.A.
PROJECT EXECUTION Dragados Offshore is responsible
DATES PROJECT DESCRIPTION for the offshore platform (detail
August 2020–May 2025 EPCIC project in partnership with and design engineering, supply,
Siemens for a HVDC substation manufacturing and construction,
LOCATION platform for Tennet’s BorWin5 transportation and installation
North Sea, Germany project. of the platform and the jacket),
while Siemens is responsible
CONTRACT TYPE The 900-megawatts offshore for the design and supply of
EPCIC substation converts the electrical the onshore HVDC substation.
power from the wind turbines The combined projects weight
AMOUNT supplied via 66-kV alternating- approximately 12,000 tons, while
363.84 million euros current high-voltage lines into the jacket supplied by Dragados
320-kV high-voltage direct Offshore weighs approximately
current, which is sent to the 7,000 tons.
86 Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
INTEGRATED REPORT ACS GROUP 2020For further information:
Website (www.grupoacs.com)
Industrial Service Projects
Industrial Service Awards
VEREDAS TRANSMISSORA DE
ELETRICIDADE S.A
CLIENT expropriations, basic and executi- ning lines between towers. They
Veredas Transmissora de Ele- ve projects, supply of all materials, were also used to protect natural
civil/electromechanical construc- obstacles, such as rivers, swamps,
tricidade S.A. (consorcio CYMI
tion, testing and commissioning of: etc. In addition, drones were used
Construções e Participações in order to cross lines and pass
con Quantum-Brookfield) - A three-phase, 500-kV transmis- them over existing electrified lines.
sion line between Rio das Éguas
PROJECT EXECUTION and Arinos II C1 spanning 219 km In line with our commitment to the
DATES in a single circuit with six conduc- environment, the most cutting-
February 2017–February 2021 tors per phase. edge procedures were used for
pruning and selective cutting of
LOCATION - A three-phase, 500-kV transmis- vegetation.
Brazil: Minas Gerais, Goiás y sion line between Arinos II and Pi-
Bahia rapora II C1 spanning 216 km in In order to do this, special machi-
a single circuit with six conductors nery was used (forestry defrag-
CONTRACT TYPE per phase. mentation) for the selective felling
EPC (Engineering, Procurement of trees, thus removing as little
and Construction) - A new 500-kV Arinos II substation. vegetation as possible, increa-
sing the yield of the deforestation
AMOUNT - Expansion of the Rio das Éguas operation while minimally impac-
164.67 million euros Substation (500-kV sector). ting the remaining vegetation and
promoting conditions for the sub-
COMPANIES INVOLVED IN - Expansion of the Pirapora II sequent regrowth of vegetation.
THE PROJECT Substation (500-kV sector). The machine shreds removed
CYMI Construções e Participações, vegetation and spreads it on the
CYMI do Brasil, SETEC y CYMI- New drone-based technologies are ground, thus producing a layer of
TECH. being deployed in order to carry out plant material on which the work
the project in its different phases vehicles and machinery can ope-
PROJECT DESCRIPTION and to ensure minimal impact on rate, helping to mix it in with the
Turnkey contract for the expan- the area’s ecosystem. These are existing surface soil. Subsequent-
sion of the power grid. The project being used to prevent deforestation ly, rain will cause the vegetation to
services consists of preliminary of both protected areas and areas sprout, resulting in environmental
studies, environmental licenses, of high ecological value when run- recovery of the area.
Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails.
CONSOLIDATED DIRECTORS’ REPORT 87You can also read
