• People

Committed to preventive culture

In its Safety Culture Awards, Sacyr recognizes the best Health and Safety practices carried out by its professionals, as the safety of people is a strategic priority. For this reason, the company works daily to promote a preventive culture that enables it to achieve its Vision Zero goal: zero accidents, zero victims, and zero injuries.

The jury selected two finalists per business unit and the winners from among the 36 candidate projects participating in the awards.

All finalists achieved the highest scores in accident rates, visible leadership, and compliance with preventive culture campaigns. Thus, the safety initiative developed by each project determined the winner's selection.

  • In the Concessions category, the winner was Viastur (Spain), which designed and manufactured traffic signs that are lighter and more visible than conventional ones, optimizing road maintenance work. The other finalist was Gesvias (Peru), with its road safety campaign titled "Just like you, my family is waiting for me at home."
  • In Engineering and Infrastructure, the winner was the Provincia Cordillera Hospital (Chile), recognized for its awareness campaign through videos and educational tutorials, as well as its alcohol and drug control campaign and promotion of healthy eating. The Belfast Transport Hub was selected as a finalist for group sessions raising awareness about workplace safety.
  • In Water, the winner was the Southern Seawater Desalination Plant (Australia), which used drones to mitigate falls from height risks and conducted an AI-driven study to prevent repetitive motion injuries. Sacyr Agua Norte (Chile) was recognized as a finalist for its toxic gas ingestion prevention project.

 

Sacyr Health Awards

Sacyr Health is the program that encompasses initiatives to care for over 5,000 professionals in the various countries where the company operates. Since its inception in 2019, it has evolved into a more global platform. Initially focused on nutritional, physical, and mental well-being, it now includes social, economic, and environmental well-being to nurture the talent and people that form Sacyr.

In 2024, Sacyr won the Gold Category of the European & International Sport and Healthy Company Awards, the highest recognition in this award funded by the European Union.

The company achieved this distinction in the Gold Category for the Sacyr Health initiative, which was first recognized in 2021. This event acknowledges companies with robust health policies to promote physical activity and health among employees. The evolution and continuous improvement of Sacyr Saludable since 2021 have been crucial in securing the award.

Additionally, in 2024, Sacyr won third place in the Financial Well-Being category at the Corporate Wellbeing Awards, thanks to its compensation and benefits program offered through Sacyr Saludable.


 

The Human Resources consultancy Intrama presents the Diversity & Wellbeing Awards, recognizing companies with the best practices in corporate well-being and diversity.

The Corporate Wellbeing Awards aim to identify, evaluate, and reward the most significant initiatives that contribute to organizational transformation and positively impact businesses through health and well-being policies from a cross-disciplinary perspective.

  • Occupational health and safety
Featured projects

Connected mobility: the perfect symbiosis between technology, vehicles and infrastructure

Tech implementation in vehicles is inconceivable without infrastructure supporting these innovations. Connected mobility brings together several actors working towards safer driving.

Road infrastructure needs to adapt to the changes made by vehicle manufacturers, both for private and professional use.

According to Marta Gil, Sacyr's Chief Strategy, Innovation and Sustainability Officer, in the future, innovations in connected vehicles and roads will go hand in hand, and "that future consists of providing cars with more technology and on-the-road connectivity, with the incorporation of technology to make these infrastructures smarter and safer, not only for drivers and road users, but also to improve the occupational safety of employees."

Currently, the most booming mobility market trends are autonomous mobility, connected vehicles, and generative artificial intelligence.
A driverless car or bus requires systems that increase road safety, hence Sacyr's interest in learning what the needs of both public customers and the manufacturers of these vehicles are in order to adapt our works and maintenance work, as well as the roads we operate towards more connected mobility.

The second edition of InnoVision, held on November 27 at Sacyr, addressed the challenges and opportunities of connected mobility, paying special attention to regulation in the sector and to learn about real cases of how the most cutting-edge technologies on the market are being implemented.

Right now, we are working on the Sustainable Mobility Law, which aims to guarantee governance and coordination at all levels and thus guarantee mobility as a right. Mobility has to be accessible, inclusive and universal.

In addition, the Ministry of Transport and Sustainable Mobility is working on a technological platform to learn driving speeds, their origin and destination on the national road network, the road surface, etc., also with the aim of digitizing processes and avoiding the problem of road safety.

As for Spain’s Directorate General of Traffic, work is being done on a new regulatory framework on vehicles through the modification of the general vehicle regulations.

This entity launched the DGT 3.0 project, in which Sacyr participates, which seeks to find greater safety in employees who work on the roads, with digitized connected cones to show where the works are, also with IoT vests to detect workers on the construction sites, with the aim of giving the citizen as much information as possible.

Likewise, the Madrid City Council is also working on tools that allow drivers to group data to learn driving patterns and thus be able to plan a more controlled mobility. Through big data, it has estimated that 14 million trips occur every day, taking all forms of mobility into account. According to data from the City Council, sustainable mobility has increased, especially in public transport. In addition, 4 million people walk every day. AI allows to see how people move.

 


 

 

Technologies that make a difference


On the same day, specific examples were presented of how progress is being made in the deployment of technological solutions that will allow connected roads to develop their full potential.

This is precisely the objective of the MOVINN innovation ecosystem promoted by Sacyr together with such relevant players in the sector as Renault Group, CTAG, CIDAUT, ITENE, Sernauto, ITS Spain and Pons Mobility, to strengthen collaboration between the entire value chain and promote the development and adoption of these innovations. Among them, some such as: 


-Frontier Project (Factual): It has developed the Smart Roat Index, with a collection of 56 technical attributes classified into three blocks to define technical indicators that allow characterizing an infrastructure rating for autonomous cars: physical, digital and connectivity infrastructure. Its purpose is to preserve the safety of mobility with the aim of studying how autonomous cars are mixed with normal vehicles in infrastructures in a safe way.

-Tecnalia: Connects cameras with drones to capture information on possible risks for workers. It also works with the teleoperation of machinery or vehicles in tedious and repetitive operations within the sector. 

-Valerann: He works to increase road safety through data with the help of artificial intelligence, so that it is understandable and actionable by the operator. How to add value to a road so that autonomous cars go in a safe way so that the car user goes without executing any driving-related actions. 

-Renault, its main objective is safety. They have the Human First program, a system for the driver to identify how they have driven through a score they receive, with the safety code, to improve driving at the moment, or what the braking system is like, measured with the Safety Guard. In its transformation from a company that manufactures cars to a service and technology company, the Renault group is clearly committed to collaboration and open innovation, underlining the importance of coordinating the information currently collected by vehicles with that which companies such as Sacyr recover from the infrastructures they operate.

Plug & Play: The world's largest investor in startups has supported the development of the German technology company Klimator, which makes forecasts on current and future road weather for the entire road network. The company's forecasts allow drivers to connect to roadside weather sensors for real-time information and the winter service industry to make decisions about snow removal and snowmelt. The ability to integrate this technology into the car to increase road safety is being studied.

Sustainalytics

As of June 2023, Sacyr is the most sustainable company in the infrastructure and construction sector in Spain, according to the Sustainalytics ESG Risk Rating.

 

This rating issued by Sustainalytics, subsidiary of Morningstar, evaluates the sustainability performance of more than 15,600 companies worldwide. The "low risk" rating awarded demonstrates the company's good practices in mitigating Environmental, Social and Corporate Governance risks. 

In addition, a brief summary of the report is available to download below.

 

MSCI


 


The MSCI ESG rating is designed to measure a company's resilience to long-term environmental, social and governance (ESG) risks within the sector. In December 2024, Sacyr was awarded a "A" sustainability rating by MSCI. On this occasion, we managed to maintain our A rating by increasing our IAS (Industry-Adjusted score) by 1 point, thanks mainly to an improved composition of the Board of Directors and other corporate governance practices. Sacyr was rated based on a standard version of the Construction & Engineering Industry ESG Rating Model. 

 

InRoad Evo, artificial intelligence at the service of road safety

Our award-winning technology industrialises the analysis of roadway conservation to anticipate potential deterioration and increase the safety and comfort of motorists.  

Understanding road-surface conditions is essential to performing proper maintenance that improves highway safety.  

Sacyr InRoad is an innovative initiative from Sacyr Conservation based on artificial intelligence. This award-winning technology continuously assesses the main markers and indices that gauge roadway conservation.  

With this project Sacyr Conservation won the AXA Award for Innovation and Development in Road Safety at the 14th annual “Ponle Freno” Awards, organised by Atresmedia.

Continuing the success of the prototype, Sacyr now unveils InRoad Evo. With help from the Plan to Support Sustainable and Digital Transport (Plan de Apoyo al Transporte Sostenible y Digital) to promote industrialisation processes, the project has been scaled up through the manufacture of 11 devices that include improvements to new inclination and temperature sensors to help optimise the algorithm and yield more precise results.  

 


 

“The project features two technologies: one that analyses the road surface and another that assists in interpreting the results”, explains  Alejandro Otero, Innovation Project Manager for Sacyr’s Innovation Division.
Sacyr InRoad measures the force exerted by vehicles, ground temperature, etc. 

With regard to concession assets, it is essential to know the condition of the road surface in order to maintain a level of service and anticipate future deterioration, invariably with a focus on user safety.

To that end, Sacyr Conservation and Sacyr Concessions, together with the company’s Innovation areas, are currently collaborating to implement one of these devices on the Eresma highway (A-601 between Cuéllar and Segovia).
 


 

In addition, Sacyr Concessions will be able to feed the Prediction Tools, which will use the data collected by InRoad to predict how road surfaces behave in the long term, based on real data. The data obtained also helps the decision-making process when building new roads.  


Cost savings and increased road safety


Regularly attending to minor road damage not only improves safety, but is up to 3x cheaper than waiting to carry out major repairs. 

Sacyr InRoad was developed in conjunction with the Instituto Tecnológico de Castilla y León to boost service quality and fulfil Sacyr’s commitment to the environment and safety for both users and workers.  

Through artificial intelligence and other innovative technologies, the use of InRoad helps prevent accidents and reduce CO₂ emissions. 

According to a report by the Spanish Roadway Association (Asociación Española de la Carretera), a well-maintained system of roads could cut CO₂ emissions from lightweight and heavy vehicles by 9% and 6%, respectively. Moreover, flat surfaces with sufficient rolling capacity reduce fuel consumption by 3%-6%. 

According to data from the Highway Safety Department of the Public Prosecutor’s Office (Fiscalía de Seguridad Vial del Ministerio Fiscal), 30% of traffic accidents occur as a result of poor road conditions.  

This project is the successful consequence of the synergies derived from the various divisions that make up Sacyr, with the ultimate goal of circulating these devices worldwide to improve road conditions on an ongoing basis.  

Charged to 2023 profits
Payment date Quotation date Gross amount Net amount* Concept
26/09/2024 (1) 04/10/2024 0.079 0.064 Scrip Dividend 1X40
30/01/2025 (2) pending 0.078 0.063 Scrip Dividend 1X40

*Applying 19% withholding

(1) Amount paid in cash to shareholders who did not opt to subscribe for new shares free of charge in the ratio of 1 share for every 40 rights.

(2) Amount paid in cash to shareholders who did not opt to subscribe for new shares free of charge in the ratio of 1 share for every 40 rights.

Our aspiration is to become leaders in transportation, social and water infrastructure development

We will triple our asset valuation in 2033.

Invested equity 4.5 -
5 €Bn

Asset valuation 9 -
10 €Bn

2033

Our vision

The three main pillars for the 2024-2027 cycle

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Growth in P3 activities

We aim to fast-track our growth. So, we have created a new company, Voreantis, that will pool brownfield assets and where we will welcome a minority stake partner.

Read more
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Investment grade rating

We strive to achieve investment grade rating, guided by our strict financial discipline.

Read more
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New shareholder remuneration policy

Our shareholder remuneration policy will include the payment of at least €225 M in cash for the 2024-2027 period.

Read more
Rocket
Four construction workers wearing safety gear are working on a large grid of rebar at a construction site

Ambitious goals

Results steering our path to growth

€850M Operating Cash Flow by 2023

  • EBITDA IN 2023   1,500 M€
  • NET PROFIT IN 2023   153 M€

€1,350M Operating Cash Flow by 2027

Operating cash flow is the indicator that best reflects value generation at Sacyr.

  • EBITDA IN 2027   1,600 M€
  • NET PROFIT IN 2027*   265 M€
  • *Excluding extraordinary results.

A new single company structure with three integrated business activities creating synergies for our value creation strategy.

Sacyr Concesiones

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Main priorities

  • Icon Roads
  • Icon Hospitals
  • Icon Airports
  • Icon Universities
  • Icon Rail
  • Low-demand risk assets and inflation linked revenues facilitating stable, predictable, and recurring cash generation.
  • We will seek larger project tender opportunities linked to traffic and with a special focus on assets with a solid traffic track-record. This type of projects offers higher profitability rates.
  • Greater portfolio focus on larger-scale projects.

Financial goals P3 ASSET DISTRIBUTIONS

  • 2023 220 M€

    Graphical view of the above data
  • 2024-2027 1,000 M€

    Graphical view of the above data

PORTFOLIO AND TARGET MARKETS

57 assets in 12 countries

Canada, United States, Colombia, Chile, United Kingdom, Spain e Italy
  • 2027 goal:
  • 50% English-speaking markets
  • 12% Europe
  • 38% LATAM

Pipeline

  • Analyzed €75 Bn
  • Expected contract awards €10 Bn

Sacyr Agua

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Main priorities

  • Icon Integrated Water Cycles
  • Icon Plants
  • Icon O&M Contracts
  • Operation and maintenance P3 contracts.
  • Sustainable and innovative solutions.
  • Focus on profitability.

Financial goals

2027 GOALS

86 M€ EBITDA

€350 M€ REVENUES

Portfolio

+100 facilities built

Pipeline

Colombia, Brasil, Chile, España, Egipto, Arabia Saudí y Australia
  • Investment 62 €Bn
  • Assets +73

Sacyr Engineering and Infrastructure

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Main priorities

  • Icon Roads
  • Icon Airports
  • Icon Rail
  • Icon Hospitals
  • Icon Water
  • EPC projects with price adjustment mechanisms.
  • Selected clients with mitigated risk mechanisms.
  • Emphasis on profitability over volume.
  • Focus on joint projects with Sacyr Concesiones.

Financial goals PROFITABILITY

Graphical view of the above data 4,6% in 2023 and 5% in 2027

Portfolio in 2027

  • Sacyr Concesiones 70%
  • Other clients 30%

Priority countries

Canada, United States, Colombia, Chile, United Kingdom, Spain e Italy
  • 2027 GOAL:
  • 25% portfolio in English-speaking markets
Close-up of a person's eyes

Our pillars

Core principles guiding us in the 2024-2027 cycle

Icon

Growth in P3 activities

We will fast-track our growth in the P3 market focused on expanding activities in English-speaking markets.

We will create a company, called Voreantis, where we will incorporate a minority stake partner.

Company is expected to triple size by 2033 due to greater equity investment in new P3 projects.

Voreantis
  • 1 Brownfield projects
  • Grant entry to a strategic minority stake partner in a brownfield assets unit.
  • Increase in the number of projects. Low-risk platform.
    • - Generating resources for further growth
    • - Highlights asset value

Alliance  with a partner

  • 2 Co-investment
  • Jointly co-invest in brownfield, yellowfield, and occasionally greenfield assets
  • Engine for growth which will enhance the investment range
    • - Growth multiplier lever
    • - Larger and more profitable assets
Growth
Icon

Investment grade rating

We remain committed to achieving will an investment grade rating, thanks to our strict financial discipline.

A steadfast commitment to financial discipline allows us to make progress in our debt reduction process towards a positive net cash position.

Our focus is on maintaining an investment-grade credit rating. We will keep the recourse net debt by EBITDA plus P3 distributions ratio under 1x.

2024-2027 goal

Recourse net debt

Graph

Positive net cash position

Strength
Icon

New remuneration policy

Over the 2024-2027 period, the company will pay out at least €225 million in cash to shareholders

In recent years, the company has kept continual dividend growth.

A new shareholders’ remuneration policy aligned with the expected operating cash flow increase.

Consistent dividend yield growth from 4.0% to 4.9%

2020-2023
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  • Scrip dividends
  • Forward contracts on Sacyr shares
2024
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Cash dividend

growing anually.

2025-2027
Attractive
 

ESG

Sustainability at the core of our activity

Our 2021-2025 set our roadmap on our sustainability ambition, which was fulfilled well ahead of schedule thanks to company-wide collective efforts. Our aim is to continue to be a benchmark in sustainability, maximizing the positive impact on our stakeholders.

This is our Sacyr 24-27 Sustainable Route

  • Planet

    Continuity of the climate change strategy and validation of our 2050 net zero emissions target (SBTi).

    Continue to improve positive impact on natural resources.

    +
  • People

    We are a benchmark in health and safety at work, and a leading employer for our commitment to diversity.

    +
  • Prosperity

    Maximize our impact on the communities within our influence areas and promoting safer and more sustainable practices.

    +
  • Governance

    Implementation of corporate governance commitments and international best practices.

    +
Blurred motion of various people walking on a dimly lit indoor floor Silhouette of a large solar panel array at sunset Close-up view of a classical building with tall columns

Our aspiration: to become the world’s leading greenfield projects developer in 2033

Our strategic vision for the next ten years, will push Sacyr to develop its full potential to become the world’s leading greenfield project developer in 2033 by tripling the value of the current portfolio to the 9-10 €Bn range and invested equity to 4.5-5 €Bn

View report 2033

 

  • Transport infrastructures

Calcasieu River Bridge, a huge P3 project in the U.S.

We are members of Calcasieu Bridge Partners (CBP), the consortium entrusted with building the new Calcasieu Bridge on the I-10 in the State of Louisiana, which will replace the current bridge, dating back to the 1950s. This is our first infrastructure P3 project in the U.S.

Calcasieu River Bridge_I10

We improve local and interstate connectivity in Louisiana with a new bridge over Calcasieu River at the Interstate 10, which will replace the current bridge, built in the 1950s.

This Louisiana Department of Transportation and Development (LA DOTD) project comprises the design, construction, finance, operation, and maintenance of this 5.5-mile (9 km) infrastructure for a 50-year term.

Contract calls for a $2.1 billion expected investment (€ 1.9 billion).

We’ll develop this project as Calcasieu Bridge Partners (CBP), comprising Sacyr, Acciona and Plenary Americas.

This is a highly anticipated project for road users that will meet the highest standards.

This project is the largest to date in the history of the State of Louisiana, and one of the was one of the largest infrastructure contracts commissioned in North America in 2023.

This is our first transportation infrastructure P3 contract in the US, and a huge boost to the company’s growth strategy in the U.S.

€1. 9 bn

INVESTMENT

9

Kilometers

90,000

VEHICLES / DAY

The project

Calcasieu River bridge is our second P3 in this country, and one of our major projects by investment volume and business portfolio.

The Interstate 10 (I-10) P3 in Louisiana is a major road project that will substantially improve the connectivity between the cities of Lake Charles and West Lake, located in the southwest of the State, in the vicinity of the Texan border. This route is also a central connection between the coasts of Florida and California.

A 50% Sacyr-Acciona joint venture will be in charge of constructing the bridge.

Construction works are expected to begin in 2026 and the operation in 2031.

The widening of the I-10 comprises the construction of a six-lane corridor and the implementation of a free flow toll, as well as various structures, ramps and approaches to the bridge.


 

This solution will incentivize the local economy and become a growth driver for future generations, as it will reduce travel times and enhance road safety for more than 90,000 vehicles per day.

 

  • USA

Investor Agenda 2025

Quarterly Results AGM Scrip Dividend
January Scrip Dividend 1X40 / 0.078€
February Results FY 2024
March
April Results Q1 2025
May
June
July Results 1H 2025
August
September
October
November Results 9M 2025
December
0 Folders
2 Documents

Attendance to the Sustainability and Corporate Governance Commission meetings

Meetings held in 2024 4
Mrs. María Jesús de Jaén Beltrá (Chair) 100%
Mrs. Elena Jiménez de Andrade Astorqui 100%
Mr. Tomás Fuertes Fernández 100%
Mr. Luís Javier Cortés Domínguez 100%
Mrs. Adriana Hoyos Vega 100%

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