Acciona (ANA) Company presentation summary

Strategic positioning and business model

• Global leader in sustainable infrastructure, water, services, and renewable energy, with a focus on decarbonization and energy transition.

• Operates across four main segments: energy (renewables), infrastructure, wind turbine manufacturing (Nordex), and other activities including property development and financial services.

• Over 66,000 employees in more than 40 countries, with 77% of revenues from international markets.

• Listed on the Spanish Stock Exchange, part of IBEX-35, with a market cap of ~€6.8bn and EV of ~€14.3bn.

• Strong ESG focus, with 99.6% of capex aligned to the EU taxonomy and 81% of debt classified as green or sustainability-linked.

Financial performance and outlook

• FY 2024 revenues reached €19,190m (+13% YoY), EBITDA €2,455m (+24%), and net profit €422m (-22%).

• Net debt/EBITDA improved to 2.90x, with €2.4bn net investment cashflow and record 2GW of new energy capacity added.

• Aggregate infrastructure backlog grew 58% to €53.8bn by year-end 2024.

• 2025 outlook targets EBITDA of €2.7–3.0bn, investment cashflow of ~€3bn, and net leverage below 3.5x.

• Dividend for 2025 set at €5.25 per share (+8.3% YoY).

Segment highlights

• Energy: 15.4 GW installed renewable capacity, 26.7 TWh produced, 73% output contracted, and €1,123m EBITDA in 2024.

• Infrastructure: €8.1bn revenues (+5.5%), €762m EBITDA (+38.4%), and €54bn aggregate backlog, with major projects in Australia, North America, and LATAM.

• Nordex: Revenues up 12.5% to €7.3bn, EBITDA margin improved to 4.1%, and order intake rose 13.3% to 8.3GW.

• Other activities: Property development delivered 1,119 units, €435m revenues, and €43m EBITDA; Bestinver AUM grew 14.7% to €6.8bn.