CET 13.47 Rome, 20 January 2022. Today’s meeting of the Board of Directors of Atlantia SpA, chaired by Fabio Cerchiai, has examined the Atlantia Group’s preliminary results for 2021. As already reported in the interim results announcements for 2021, the preliminary results reported in this release do not include the Autostrade per l’Italia group’s contribution, which has been classified in “Discontinued operations” following the signature of an agreement to sell the group in June 2021. Traffic using the Group’s motorway networks recovered with respect to 2020, with growth of 26.7% in Spain, 18.8% in France, 38.6% in Chile, 8.6% in Brazil and 17.0% in Mexico.
Despite this, the Motorways segment as a whole is down 4% compared with 2019. Airport traffic is up 22.2% at Aeroporti di Roma and 42.8% at Aéroports de la Côte d’Azur compared with 2020, but remains well down (-68%) compared with 2019. The preliminary figure for consolidated operating revenue is approximately €6.3bn, compared with the €5.3bn recorded in 2020. Gross operating profit (EBITDA) of approximately €4.0bn for 2021 is up €0.9bn on 2020. Operating cash flow (FFO) of approximately €2.7bn is up €0.9bn compared with 2020, reflecting the improvement in EBITDA. Capital expenditure of approximately €1.1bn in 2021 is up €0.2bn compared with 2020.
Group operators’ investment commitments have been backed by a series of international capital market issues between the beginning of 2021 and now, raising a total of €4.4bn. The Group’s net debt as at 31 December 2021 amounts to approximately €27.5bn, a reduction of €3.2bn compared with 31 December 2020. This primarily reflects operating cash flow (FFO) for the year after capital expenditure (€1.6bn) and the proceeds from the sale of a 49% stake in Telepass (€1.1bn).