Sacyr obtains EFR (Family-Responsible Company) certification in Peru26/09/2022
- Sacyr is the first company in Peru to obtain this certification.
- In addition to legally mandatory labor benefits, the company has 40 work-life balance and flexibility measures in place that favor the well-being and the balance between the work, family, and personal life of its collaborators.
- Sacyr obtained this certification in 2020 in Spain and in 2021 in Colombia.
The MásFamilia Foundation has awarded Sacyr the EFR Empresa Familiarmente Responsable (Family-responsible company) Certification for its work-life balance policy in Peru. This certification endorses the company's work in promoting policies and measures that favor the well-being and work, family, and personal life balance of its employees. Sacyr demonstrates its commitment to talent management, conciliation, diversity, and co-responsibility as foundations of its long-term business sustainability.
The company passed an external audit in the first half of 2022 by consulting company Proxima and auditing firm CDM Certification. This audit assessed the 40 measures implemented in the company for the well-being of its staff. These measures apply to the following areas: employment quality, flexible work hours and remote work, family support, personal and professional development, and equal opportunities.
The implementation of the EFR model for work-life balance management includes all the Sacyr Group companies in Peru: Sacyr Construcción Perú SAC, Sacyr Concesiones Perú SAC, Sacyr Operación y Servicio Perú SAC (SAOPSE), Concesionaria Vial Sierra Norte, and all its subsidiaries.
Patricia Martínez, Chief People Officer of Sacyr pointed out: "At Sacyr we have been working on flexibility and work-life balance measures for many years." This new EFR certification in Peru, reinforces our commitment and drives us to the execution of our 2021-2025 Strategic Plan regarding people management by implementing actions that facilitate work-life balance”.
On the other hand, Karina Ríos, People Manager in Peru, added: “More and more, employees value working conditions that go beyond salary, family care or assistance activities. We want to provide them with a real balance in their personal and work lives with flexibility, respect and mutual commitment, promoting practices of equality, prevention and attention to personal/family responsibilities.”
Rafael Fuertes, General director of the MásFamilia Foundation highlighted “Sacyr's trust in the EFR model with this third certification, after Spain and Colombia, as a unique management tool in the world that provides a simple and effective methodology to enable reconciliation processes in companies, accredits the commitment to flexibility and reconciliation of its people and society in general. There are already over 1,000 certified companies in more than 20 countries and Sacyr stands out among those that have made the most progress in this aspect in just a few years”.
MásFamilia Foundation was created in 2003 as a private, independent, non-profit and charitable organization, conceived and aimed to provide innovative and highly professional solutions -including the EFR certificate- to protect and support families.
Sacyr increased its ebitda by 32%, up to €530 million, and raised its profitability to 20.5%29/07/2022
Sacyr concluded the first half of 2022 with a €530 million EBITDA, 32% higher than in the same period of 2021. This sound growth came with an improvement of profitability rates (EBITDA margin), which situated at a record 20.5%.
The results of 1H of 2022 demonstrate the soundness of Sacyr’s business model, which is predictable, recurring, and stable, and focused on P3 assets. The group continues to show its strength despite the unfavorable macroeconomic scenario thanks to the fact that the income from P3 is tied to inflation.
In the first half of 2022, P3 assets were 85% of the EBITDA, 300 points more than in the same period last year.
Revenues grew by 20% in the first half of 2022 to €2,589 million, and the net business profit rose to €42 million (+4%).
Between January and June, the operating cash flow rose to €284 million, a similar figure to the one for the same period in 2021.
In the first quarter of 2022, Sacyr sold its participation in Repsol, which entailed a net profit of €58 million, and a reduction of its €563 million associated debt. This way, Sacyr achieved one of the goals in its 2021-2025 Strategic Plan.
Revenue backlog increases by 8%
Sacyr ended the first half of 2022 with a backlog of €49.6 billion, 8% more than in the same period in 2021, after obtaining significant contract awards. 80% of this value comes from Sacyr Concesiones, 13% from Sacyr Engineering and Infrastructures, and the remaining 7%, from Sacyr Services.
The relevant contracts in this period include the Ruta 78 P3 in Chile, the construction of a transportation hub in Belfast (Northern Ireland), and a section of the US62 road (United States), and a pediatric facility in Ontario (Canada). Sacyr Services has won several cleaning services, including one in Barcelona and another at the Metro de Santiago (Chile).
Net recourse debt went from €798 million to €767 million by the end of June. The company continues to work on reducing its debt, with the aim of having it significantly lowered by the end of the Strategic Plan in 2025.
Thus, after the end of the semester, Sacyr has reinforced its capital structure with a €355 million refinancing of corporate debt in two tranches: a five-year tenor €280 million loan, and a three + two year tenor €75 million revolving credit facility. This operation extends debt maturity, reinforces, and simplifies the company’s long-term capital structure in a complex moment, characterized by extreme volatility of the financial markets.
The shareholders’ remuneration policy is one of the pillars of the 2021-2025 Strategic Plan. In 2022, Sacyr has paid two scrip dividends with a € 0.115 gross price per share, which represents a 4.8% dividend yield; this helps fulfill the company’s goals and market commitments.
Making its activities sustainable is at the core of Sacyr’s decision making, and multiple international agencies acknowledge so. Recently, Sustainalytics recognized Sacyr as the fourth most sustainable infrastructure company internationally, and the first in Spain.
Additionally, Carbon Disclosure Project recognized Sactr as a Supplier Engagement Leader 2021.
In the first quarter of 2022, Sacyr issued a social bond for €262 million to finance the Rumichaca-Pasto road P3.
Evolution by business division
Concesiones.-Sacyr Concesiones obtained revenues of €869 million (+54%) and an EBITDA of €294 million (+39%) thanks to the contribution of the new Ruta 78 highway in Chile, the commissioning of several highway sections and the good operational evolution of the majority of its assets.
During the first semester, there was significant progress on the projects scheduled to be fully operational in the upcoming months. The Pedemontana-Veneta (Italy) is already at 99% progress, Rumichaca-Pasto (Colombia), is at 98%. Mar 1 (Colombia) and AVO I (Chile) are already operational..
The future revenue backlog, which stood at €39,825 million (+9%) includes the Ruta 78 P3 project in Chile, which started running in Q1 This project includes an extension of 133 km, and it will have a positive effect on the lives of close to 1.7 million people.
Engineering and Infrastructures.- Revenues for this division reached €1,455 million, which is 13% higher than in 1H 2021. The EBITDA grew by 23% to €193 million, and the EBITDA margin rose to 13.3%, compared to 12.3% last year.
This growth is based on the development of the great projects in Sacyr’s portfolio in Chile, Colombia, the U.S., Peru, Uruguay, or Spain, among others.
Eliminating the financial asset effect of Pedemontana and the A3 projects, the division maintains the EBITDA from Q1 2022, despite of the extraordinary situation the industry is experimenting, due to the increase in the cost of raw materials.
This division’s backlog reached €6,487 million, 3% more than at the end of 2021. Approximately 50% comes from the P3 division. The backlog represents 27 months of activity.
Services.- Revenues for this division increased 5% to €516 million. The EBITDA reached €46 million (+4%) and the EBITDA margin stood at 9%, similar to the same period in 2021.
The Services backlog totaled €3,288 million, 5% higher. In 2022, this division has won new street cleaning and waste collection services in Reus, Santurce, Torrejón de Ardoz, lot 2 of the street cleaning contract in Madrid, and lots 2 and 3 of the green spaces in Madrid as well.
Sacyr iChallenges consolidates its international presence with proposals from 34 different countries21/07/2022
We have closed the call for proposals for the fifth edition of Sacyr iChallenges, with a total 276 proposals for the four business challenges issued by the company. This represents a 13% increase compared to the 2021 edition.
International participation has increased by 20%, with proposals from up to 34 different countries like Spain, Chile, the United States, Colombia, Israel, Finland, the United Kingdom, Sweden, Italy, South Korea, or Ireland. The call has made its way to countries as varied as Gabon, Tunisia, or China, which shows the international nature of the initiative.
Sacyr iChallenges is one of the drivers in Sacyr’s innovation and transformation strategy. With this open innovation program, Sacyr looks for new partners with whom to promote sustainable solutions that help improve the quality of life of citizens through better infrastructures and services.
Four challenges on sustainability
The four challenges of this edition of Sacyr iChallenges are focused on making some of Sacyr’s key activities more sustainable. The challenges are: to promote the sustainable urban mobility, maximize renewable energy use; recovery of new materials; and reduce the carbon footprint in construction activities.
The next phase of the process will be the evaluation of all the proposals received by the people in charge of the different business areas of Sacyr.
The iChallenges program finalizes with the celebration of the Sacyr Innovation Summit, which will take place in November, at the company's headquarters in Madrid. At this event, the selected innovative agents will publicly present their initiatives to solve the four challenges.
In addition, the Sacyr Foundation will recognize, as part of the 12th Edition of the Sacyr Innovation Awards, some of the solutions presented by the innovation community in Sacyr iChallenges.
To date, Sacyr iChallenges has received a total of more than 1,250 proposals from all over the world to solve the challenges that have arisen in each of the editions, promoting different projects. This capacity for implementation is what has consolidated the program as a reference in innovation in the infrastructure and services sector, where it is challenging to innovate.
More information available at www.sacyrichallenges.com
Sacyr creates Sacyr Circular and Sacyr Green to promote sustainability-related business18/07/2022
Sacyr seeks to promote its growth in sustainability-related business. To do so, it has created two new companies under Sacyr Services specializing in this field: Sacyr Circular and Sacyr Green.
Sacyr Circular will manage Sacyr Services’ municipal solid waste and sludge treatment plants. The company has 21 facilities of this type in Spain and another one in Australia, which provide service to approximately 5.5 million people. In total, these facilities treat 3.1 million tons of waste every year.
In the future, this activity, which produces long-term contracts, will be transferred to Sacyr Concesiones, as it encompasses all of the Sacyr Group’s P3 assets.
Sacyr Green is a company of new creation specializing in the development of green businesses with high potential and related to sustainability.
Sacyr is already present in some of these activities, such as the recycling of end-of-life tires and their recovery as construction material for roads or playgrounds, recycling of construction waste, and energy efficiency, among others.
Sacyr Services plays a critical role in Sacyr’s P3 activity model as a generator of value and sustainability.
Sacyr Services had revenues of €1,017 million in 2021 and is now expanding its activities in the priority markets for the Group, like Spain, Chile, or Colombia.
This is how we care for the green lungs of Madrid30/06/2022
Meet the Valoriza team responsible for the green spaces and historical gardens of Spain’s capital
A great multidisciplinary team from Valoriza (Sacyr Services), integrated by more than 1,000 professionals, who are responsible every day of the management and conservation of:
- 1/3 of the green spaces in Madrid; more than 1,100 hectares.
- SERVER (Servicio de Evaluación y Revisión Verde, ‘Tree Assessment and Revision Services’) of Madrid, with 1.7 million trees, stays ahead of the potential incidents that the trees can cause.
- Historical gardening conservation services for ‘Patrimonio Nacional’ of the gardens of the Royal Site of La Granja (Segovia), the Campo del Moro, El Pardo, Aranjuez and El Escorial gardens. These total 650 hectares of forest surface, 460 hectares of formal historical gardens, and individual assessments of 90,000 trees.
Their principal objective is to protect biodiversity and the environment.
Chicharro, Diego Marchante, Francisco Sempere, Robert Jason, and Noelia Hernández tell us about their work in this new edition of #SacyrTeams.
We are Sacyr!
Sacyr Maintenance renews the winter highway administration of Madrid-Barajas Airport.07/06/2022
Sacyr Maintenance has renewed its contract for the service of the Winter Action Plan for the 2023-2025 winter seasons of Adolfo Suárez Madrid – Barajas airport.
This service includes the purchase of winter equipment for the airport and the service of preventative anti-frost treatment and the cleanup and removal of frost and snow using grit, both in the transit area and the access ways to Adolfo Suárez Madrid-Barajas airport.
The contract, awarded by AENA, is for a three-year term in a joint venture with Tralemsa Obras y Servicios.
Sacyr Social signs collaboration agreement with the Randstad Foundation to recruit 30 people with disabilities02/06/2022
Sacyr advances on providing Access to equal opportunities with an innovative and socially committed project.
The Randstad Foundation and Sacyr Social have signed a collaboration agreement to jointly develop a program to promote the inclusion of 30 people with disabilities.
The agreement was signed by María Viver, Director of the Randstad Foundation, and Enrique Díaz Renovales, Director of Sacyr Social.
The Randstad Foundation will recruit and train these people so they can obtain their official certificates in social healthcare for dependent people. The training will consist of 370 hours of theory and 80 hours of practical training.
Once the training is over, Sacyr Social will assume the labor insertion of these professionals at their different offices.
This agreement sets an innovative and socially committed project in motion, that will bring quality to both public administrations and the different stakeholders that will benefit from it.
Sacyr Social is a Sacyr Services company, specializing in providing social services that attend more than 20,000 dependent people all over Spain (senior citizens, functionally diverse people, minors at risk of social inclusion, or people with severe disabilities).
Sacyr Social works with a social attention model centered on people, it develops strategies to improve the quality of life of elderly people and dependent groups, promoting an active and health aging process, preventing isolation.
Its services include the management of senior homes, day care centers, home care, and sheltered housing.
Sacyr, among the European companies that have achieved the greatest reductions in their emissions23/05/2022
The Europe’s Climate Leaders 2022 list, by the Financial Times and Statista, situates Sacyr as a leading company in its commitment to sustainablity and the environment.
For the second consecutive year,Sacyr is featured in the ‘Europe’s Climate Leaders 2022’
list published by the prestigious newspaper Financial Times and Statista, which recognizes the companies that have achieved the greatest reductions in greenhouse gas emissions between 2015 and 2020.
In this period, we have reduced our emissions by 45%, a feat that endorses the work we have done in recent years, and the path to meet the goals set in our 2021-2025 Strategic Plan.
In addition, the Financial Times highlights our leadership position (’Leadership') in the CDP (Carbon Disclosure Project) and our ambitious goals approved by the Science Based Targets initiative (SBTi), which are in line with what climate experts and scientist consider necessary to cap the global temperature increase at 1.5°C.
Our commitment: carbon neutrality
We are determined to play an active role in the fight against climate change and reducing emissions is one of the foundations of our 2021-2025 Strategic Plan, in which we have made the commitment to transition to a carbon neutral economy before 2050.
In late 2021, our emission reduction objectives were validated by SBTi to become a Net Zero company by 2050. We are committed to reducing our absolute Scope 1 and 2 GHG emissions by 42%, and Scope 3 emissions by 25% in 2030 (base year 2020).
We have been calculating the greenhouse gas emissions caused by our activities for years. We prepare our emissions inventory following the GHG Protocol methodology and submit it to an independent verification study, according to the standard ISAE 3410 "Assurance Engagements on greenhouse gas statements".
In addition, last year we received for the first time the triple seal “Calculo, Reduzo y Compenso” granted by the Spanish Office of Climate Change (OECC), of the Ministry for the Ecological Transition and the Demographic Challenge.
Fundación Integra recognizes our commitment to volunteer work18/05/2022
Javier Arias de Luxan, Director of People operations of Sacyr Services, received the award at the 4th edition of the Awards for Commitment to Volunteer work and Training. At the event, representatives from Fundación Integra gave an honorable mention to the commitment and involvement of companies like Sacyr.
The Fundación Integra recognizes the commitment and work of corporate volunteers and their respective companies, that offer social and work-related training at the foundation’s training school, as well as coaches and mentors that implement career orientation processes to help people in severe social exclusion situations improve their employment chances and access to a job.
For this institution, “volunteers help people at risk of social exclusion to rediscover their talent and skills, give them tips, knowledge, and tools to ease their access to the job market”.
The Foundation’s School has been running since 2011 and since then, 2,500 volunteers from 90 different companies have offered training sessions. Every year, more than 600 volunteers offer their help to facilitate people at risk of social exclusion their access to employment. With their support, the Foundation has secured more than 18,500 jobs for people in vulnerable situations who have started new lives thanks to these opportunities.
Sacyr Social to provide the home care service in Fuengirola (Málaga)17/05/2022
The City Hall of Fuengirola (Málaga) has entrusted to Sacyr Social the management of the home care service for people in dependency situations for a period of two years extensible for another two.
With a Con una plantilla de casi 100 profesionales, atenderá las necesidades de los fuengiroleños que se centran en las actuaciones domésticas de su vivienda y la atención personal de los usuarios para promover su autonomía personal y favorecer el desarrollo de sus capacidades personales y de hábitos de vida adecuados.
With a workforce of nearly 100 professionals, Sacyr Social will tend to the needs of the citizens of Fuengirola in regard to homecare assistance and personal care of the users to promote their personal autonomy and the development of their personal skills and healthy lifestyle habits.
Sacyr Social is formed by a great team of professionals, including social workers, educators, and social integrators who work to improve the quality of life of those that need it with personal and social support.
Sacyr boosted its Ebitda by 25% to €243 million, in a quarter in wich profitability reached a record 20.3%04/05/2022
Sacyr ended the first quarter of 2022 with an EBITDA of €243 million, 25% higher than that in the same period in 2021. Between January to March, profitability (EBITDA margin) made records and situated at 20.3%, 200 basic points higher than that reached a year ago.
These figures are proof of the strength of Sacyr’s business model, which is predictable, recurring, and stable, in a challenging and uncertain macroeconomic scenario. 83% of the EBITDA came from P3 assets with low demand risk.
Revenues grew by 13% in the first quarter of the year, to €1,196 million, and the net business profit raised to €40 million (+57%). The Group’s net result decreased by 21%, to €20 million, due to the fact that the profit last year included the company’s participation in Repsol.
The company’s growth was achieved in a challenging international scenario, due to the Covid-19 and the raw materials shortage and logistics crises.
Net recourse debt went from €681 million to €798 million, largely due to the investments carried out in this period. The commitment for 2022 is to reduce net recourse debt by nearly €200 million, in relation to the figure at the end of 2021.
The company continues to work on cutting net recourse debt, with the aim of having reduced it drastically by the end of the Strategic Plan, in 2025.
Operating cash flow rose to €150 million, with a 28% growth compared to the first quarter of 2021.
Future revenue backlog increases by 5%
Sacyr ended the first quarter with a backlog of €48,343 million, 5% more than in the same period in 2021. 81% of this value comes from Sacyr Concesiones, 13% from Sacyr Engineering and Infrastructures, and the remaining 6%, from Sacyr Services.
The relevant contracts in this period include the Ruta 78 P3 in Chile, the construction of a transportation hub in Northern Ireland, and a section of the US62 road in the United States, as well as several street cleaning services, one of them in Barcelona.
Sacyr raises Ebitda by 28% to €923 million in a year with a record backlog25/02/2022
The operating cash flow increases to 15%, to € 629 million, which contributes to cutting net recourse debt by 19%, to € 681 million; this fulfills the company’s commitment to reducing it below € 700 million.
The company registers a net profit of - € 189 million largely due to the change in the accounting method of its participation in Repsol, and the recording of a provision for the Radiales project. This impact only has accounting effects and does not entail cashout flow for the group.
Sacyr’s focus on P3 projects is reflected on its EBITDA: these assets represented 83% of the EBITDA in 2021. Profitability soars to 19.7%, significantly higher (+24%) than that in 2020 (15.9%).
The revenue backlog increases by 17%, to nearly € 46 billion, after a year with a record order intake in which the group accrued an € 11 billion backlog worth of new contracts.
Valoriza Medioambiente is awarded multiple "Pajaritas Azules"21/02/2022
Once again, ASAPEL’s program, Pajaritas Azules, has awarded the work Valoriza Medioambiente does in six Spanish cities. This program recognizes best practices on recycling paper and cardboard.
With the highest award, three Pajaritas Azules, the cities of Cádiz, Lleida and Mollet del Vallès (Barcelona), are no strangers to these awards, as some of the most committed cities to recycling paper and cardboard.
Soria consolidates its status as an exemplar city. Soria had already been recognized for its commendable waste management and street cleaning and has received the maximum award (three Pajaritas Azules) for the fifth consecutive year.
The town of Reus, Tarragona, where Valoriza Medioambiente also operates, has received two Pajaritas Azules for its management of paper and cardboard recycling.
Elisabet Alier, president of ASAPEL, Ismael Aznar, from the Directorate General for Quality and Environmental assessment of the Ministry for the Ecological Transition and the Demographic Challenge, and Ana Jiménez, head of the Pajaritas Azules program, participated in the award ceremony. All of them have stressed the importance of improving the efficiency of the collecting systems for separated waste, by adapting it to the new habits of the consumers.
These awards recognize local administrations, groups of municipalities with more than 50,000 inhabitants, and province capitals that are committed to the quality of municipal waste sorting services and paper and cardboard recycling, but they also give more visibility to the excellent work that Valoriza Medioambiente does. This confirms our commitment to sustainability and the environment.
Aprobado el proyecto de investigación SOS AGUA XXI de la Convocatoria MISIONES CIENCIA E INNOVACIÓN CDTI 202126/01/2022
The research project "SUSTAINABILITY, WATER AND AGRICULTURE IN THE 21st CENTURY", SOS-AGUA-XXI, has been approved and will be subsidized by the CDTI and supported by the Ministry of Science and Innovation through the 2021 call of the Science and Innovation Missions program. The project aims the development of a series of actions capable of boosting the Spanish agriculture sector through the Mission "Agriculture of the 21st Century". The project has a budget of € 6 million and will be financed by CDTI with the Next Generation EU funds.
The aim of the project is to research sustainable and energy-efficient technological solutions to develop strategies for the efficient management and treatment of water resources for the agricultural sector. This will allow to guarantee the quality and quantity of water resources, as well as to adapt and prepare the Spanish agricultural sector to combat the progressive scarcity of conventional water resources and the effects of climate change.
VALREC project launched to promote the circular economy in Construction and Demolition waste (CDW)25/01/2022
- This initiative is led by Surge Ambiental and Valoriza (Sacyr Group), together with seven other companies in the Community of Madrid.
- It will prevent the dumping of up to 2 million tons of CDW per year and will reduce the carbon footprint of companies by 20%.
- VALREC is part of the “Open Innovation Business Hubs”, co-financed by the Community of Madrid and the European Regional Development Fund.
Surge Ambiental and Valoriza (Sacyr Group) lead the VALREC project together with seven other companies in the Community of Madrid. This project was created to develop innovative solutions to increase the circularity, traceability and purity of mineral resources present in Construction and Demolition Waste (CDW), and thus make an eco-efficient manufacture of new construction materials. The project will run for two years, and the budget amounts to more than €5 million.
This project also involves ALLGAIER MOGENSEN, ADCORE, SIKA, SODIRA, HORMICRUZ, KOLOKIUM and GBCe (Green Building Council España) and is supported by the research and technological development center TECNALIA, from Instituto Eduardo Torroja de Ciencias de la Construcción IETcc and Universidad Autónoma de Madrid (UAM).