Each of our EPC and Concessions segments is subdivided into several lines of business. As of September 30, 2014, we had 8,779 employees, with 5,194 in our EPC segment, 2,515 in our Concessions segment and 1,070 in our Other segment.
In the twelve months ended September 30, 2014, our Concessions segment generated revenue of EUR682.8 million and EBITDA of EUR385.8 million. Our Concessions segment comprises the following three business lines:
- Highway concessions: We develop and operate toll-roads and highway assets
under concession. Our group operates or has equity interests in four toll-road
concessions in India, two in Mexico, one in Brazil and one in Spain, and is in the
process of developing a highway concession in the United States. The highways that we
are currently operating or developing have a total length of 1,643 kilometres.
- Power transmission concessions: We are engaged in the development and
operation of high-voltage electricity transmission lines under concession agreements.
We currently operate or have equity interests in seven electric transmission line
concessions in Brazil, one in India and one in the United States. Overall, the
transmission lines in our portfolio that are currently operating or under construction
have a total length of 5,959 kilometers.
- Solar photovoltaic power plants: We are a major independent producer of
photovoltaic solar energy. Our subsidiary T-Solar is engaged in the operation,
construction and development of solar photovoltaic plants in Spain, Italy, India,
Mexico, Peru, the United States, Puerto Rico and Japan. The total energy production
capacity of our solar photovoltaic plants in operation or under construction amounts
to 326 MW.
Additionally, we are a meaningful operator of off-street car park concessions in Spain, where we operate 49 car parks with a total of 23,842 parking spaces (22,543 spaces were in operation and 1,299 were in design phase) as of September 30, 2014. We have recently acquired the Nuevo Centro car park in Valencia with approximately 2,700 parking spaces.
In 2012, we reached an agreement with the Canadian pension fund Public Sector Pension Investment Board (PSP), pursuant to which PSP invested US$627 million in Isolux Infrastructure, our subsidiary holding the aforementioned interests in highway concessions, power transmission concessions and solar photovoltaic energy. As a result of the transaction, PSP received an initial equity stake of 19.23% in Isolux Infrastructure (with the remaining 80.77% held by us) and holds a loan instrument that is convertible into an additional equity stake in Isolux Infrastructure in 2017 under the aforementioned agreement.
In the twelve months ended September 30, 2014, our EPC segment generated revenue of EUR2,452.4 million and EBITDA of EUR289.2 million, and had a backlog of EUR6,626 million as of such date. Our EPC segment comprises the following three business lines:
- Energy: We provide engineering, procurement and construction related to
the energy sector, which we believe is a growth area. We focus on activities in three
main areas: thermal power plants, renewable energy and oil and gas.
- T&D and installations: We provide the installation and maintenance of T&D
infrastructures (including high-voltage transmission lines and substations). We also
provide a wide range of services, including electrical, mechanical and special
installations, railway electrification and signalling, deployment and maintenance of
electrical and telecommunications networks, electromechanical installations for
airports and shipping, security and control systems, and industrial services and
- Infrastructure: We provide engineering, procurement and construction related
to civil and industrial construction works, including roads, railways, maritime
infrastructures, airports and hydraulic works.
As of September 30, 2014, 84% of our EPC Backlog related to activities outside of Spain. Some of the main contracts awarded in 2014 and included in our EPC Backlog as of September 30, 2014, relate to the I-69 Indiana Highway section 5 (US), Pellet Plant (US), Miguillas Hydroelectric Project (Bolivia) or the third combined cycle plant in Bibiyana (Bangladesh). Moreover, around EUR1 billion of new orders have been awarded after September 30, 2014, such as the development of Moyobamba Transmission Line in Peru.
We also have an Other segment, consisting of our non-core businesses of biodiesel, real estate activities, a wind farm in Argentina and our corporate overhead and consolidation adjustments. In the twelve months ended September 30, 2014, our Other segment accounted for negative EUR126.7 million of our consolidated revenue and negative EUR37.2 million of our consolidated EBITDA.
Alvaro Delso, CFO: +34-91-449-30-00
Alejandra Lwoff, Head of Investor Relations: +34-91-449-30-00
Guillermo Lancha, Investor Relations: +34-91-449-30-00
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