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Shareholders

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2018 / 2017 / 2016 / 2015 / 2014 / 2013 / 2012 / 2011
2018-09-14

EXTRAORDINARY GENERAL MEETING 2018

Saba holds an Extraordinary General Shareholders Meeting following a change in the company’s shareholding structure

EXTRAORDINARY GENERAL MEETING 2018

Saba Infraestructuras (Saba) today held its Extraordinary General Shareholders Meeting following the changes in the company’s shareholding structure, announced on 30 July, which resulted in CriteriaCaixa obtaining a 98.8% stake in Saba. The President and Chief Executive Officer of Saba, Salvador Alemany and Josep Martínez Vila, respectively, spoke of CriteriaCaixa’s acquisition from Torreia, KKR and ProA of 48.7% of Saba, an operation that involved an outlay of €438 million, which represents a value per share of €1.217, putting the total value of Saba at 900 million euros.

The President of Saba, Salvador Alemany, recalled that in 2011 shareholders contributed €400 million by choosing the extraordinary dividend option distributed by Abertis for the creation of Saba. Salvador Alemany stressed that "there is no doubt that, seven years on, Saba has far exceeded the expectations at all levels that we set as shareholders". He also added that in this same period, Saba has distributed €80 million from the share premium account. In summary, "the investment of 0.54 euros per share in 2011 could lead now in 2018 to 1.325 euros per share in total for all those shareholders who accept the offer of CriteriaCaixa", added the President of Saba.

As regards Saba's main management figures between January and July 2018, ordinary operating income stood at €128 million (+4%), while ordinary EBITDA increased to €60 million (+6%).

The CEO of Saba, Josep Martínez Vila, also explained that, since last June, the company has completed several expansion operations in Chile and Portugal. It has been awarded the concession for 35 years of the General Mackenna car park, with 390 parking spaces, in Santiago de Chile, and has agreed a 7-year extension of the management contract of Clínica las Condes, with 2,700 spaces, also in Santiago de Chile.

In Portugal, the company has begun its 10-year concession of the Exponor car park, with 2,000 parking spaces, located in Matosinhos, near Porto, and has signed a new car park lease contract for 35 years for the Campus Nova School Parking of Business & Economics, with 520 parking spaces, located in the municipality of Cascais, 20 kilometres from Lisbon.

Josep Martínez Vila highlighted that the company, after the distribution of the share premium, now has cash and cash equivalents of €80 million, credit facilities of €50 million and a ratio of net debt/EBITDA of 4.5x which will allow it to continue with its development strategy and to successfully undertake new acquisitions. 

2018-06-12

2018 ANNUAL GENERAL MEETING

In 2017 Saba reached €100 million EBITDA (+ 6%) for the first time and maintains growth and geographic diversification as its main priorities

2018 ANNUAL GENERAL MEETING

Saba today held its Annual General Meeting, during which it evaluated FY 2017, marked by the company’s technological transformation, continuous improvement and an emphasis on adding value to its customer service quality. During this past year the company was driven by the firm commitment to sustain growth as a priority, in the same way as further optimizing the recurring management of the consolidated perimeter.

The car park business improvement was confirmed in 2017. Saba ended the year with an overall increase of 2% and 4% (in Europe), equivalent to a total of 80 million billable hours, representing stringing an upward trend for three consecutive years. Of note on this same subject is the number of subscribers compared to 2016, with a 3% increase to 44,000 subscribers.

During the January-April 2018 period, business is going well and figures continue demonstrating the sector’s recovery and consolidation: the turnover of the whole Group has increased by 2% to 26 million invoiced hours, with a total of 46,500 subscribers at the end of April.

As regards Saba’s main management figures in 2017, ordinary operating income stand at €213 million (+4%), while ordinary EBITDA reaches €100 million for the first time, with an operating profit of 47%, the highest in the sector among large international companies.



SHAREHOLDERS DOCUMENTATION
2018-09-14

Press release

Criteria offer acquisition 1.2% Saba



SHAREHOLDERS DOCUMENTATION
2018-06-12

Press release

2017 Annual Report

2017 Annual Report Website