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Welcome. The more you know us, the more you will like our company

About Empark

Empark is the result of the merger between the Spanish parking leader (Cintra Aparcamientos) and the Portuguese parking leader (Emparque). Our company is actually the leading car park concessionaire in the Iberian Peninsula by revenues and by number of car park spaces.

Our company operates three business units: Off-street Concessions, On-street Concessions and Off-street Contract Management covering all areas of the parking business. The most relevant business, Off-street Concessions, accounts for 85% of the EBITDA and is primarily comprised by long term concessions with an EBITDA weighted average life of approximately 25 years. The long term duration of our concessions together with the infrastructure nature of the business results into a a highly stable business characterized by low volatility and long term cash flow visibility.

Our company is really well diversified in terms of business, clients and contracts. It benefits from economies of scale and scope and operates in safe regulatory environments. On top of this, Empark's assets are placed in unique locations (city centers, hospitals, main traffic junctions, etc) and in consequence, our company has been remarkably resilient to the economic downturn undergone by South European economies.

EMPARK financials:

 

2014

2015 2016

Adjusted revenues

179.2 189.2 201.1

Adjusted EBITDA

65.9 67.7 71.4

Margin

36.8% 35.8% 35.5%

 

 

ADJUSTED EBITDA

2014

2015

2016

Off-street

51.7 54.8 60.5

On-street

14.7 12.6 10.9

Management

-0.5 0.3 -0.1
  65.9 67.7 71.4