(1) 2013 data have been reestated as a result of the entry into force of the IFRS 10, 11 and 12 new standards, additionally there has been a reclassification of the results from John Holland and Leighton Services (with the same criteria as in 2014).

(2) 2014-2018 EBITDA and EBIT include Joint Ventures net results  (previously classified in the equity method)(3) In compliance with IFRS 5, in 2016 Urbaser has been reclassified as discontinued operations as a result of sale, also proceeding to re-express the income statement 2015.(4) In 2014, total net debt includes the proceeds pending to be collected obtained after the sale of John Holland and Leighton Services in december 2014, accounted in the

balance(5) Includes the backlog proportional to the stake in joint ventures that the group does not fully consolidate.(6) Gearing: net debt / (Shareholders´equity+non-controlling interests).

FINANCIAL AND OPERATING DATAMILLION EUROS 2013(1) 2014 2015 (3) 2016(3) 2017 2018

Revenues 35,178.0 34,880.9 33,291.3 31,975.2 34,898.2 36,658.5

Gross operating profit (EBITDA) (2) 2,832.5 2,552.7 2,140.7 2,023.4 2,278.9 2,437.0

Net operating profit (EBIT) 1,639.7 1,684.2 1,420.8 1,445.0 1,626.0 1,790.5

Attributable net profit 701.5 717.1 725.3 751.0 802.0 915.0

Funds from operations 1,085.8 824.1 1,794.8 1,376.4 1,863.5 2,050.9

Dividends paid 398.0 318.0 344.5 326.2 297.2 315.9

Net investments/(Divestments) 494.3 (313.0) 259.0 (522.9) 283.3 1,538.2

Total assets 39,965.4 39,320.7 35,279.8 33,400.0 31,880.7 34,295.4

Equity 5,488.9 4,897.9 5,197.3 4,967.6 5,164.0 6,055.7

Shareholders ́equity 3,267.9 3,033.5 3,421.0 3,574.3 3,742.9 4,388.3

Non- controlling interests 2,221.0 1,864.4 1,776.3 1,393.2 1,421.1 1,667.4

Total net debt (4) 3,811.1 3,722.3 2,624.1 1,214.4 153.0 (3.3)

Net debt/(cash) with recourse 2,553.9 2,739.6 2,083.2 1,012.3 (41.9) (120.0)

Non recourse financing 1,257.1 982.7 540.9 202.0 195.0 116.8

Backlog (5) 59,363 63,871 58,942 66,526 67,082 72,223

Number of employees 157,689 210,345 170,241 176,755 182,269 195,461

KEY RATIOS2013(1) 2014 2015 (3) 2016 (3) 2017 2018

Operating margin (EBIT) 4.7% 4.8% 4.3% 4.5% 4.7% 4.9%

Net margin 2.0% 2.1% 2.2% 2.3% 2.3% 2.5%

ROE 22.7% 22.0% 20.8% 21.4% 21.9% 22.5%

Gearing (6) 69.4% 76.0% 50.5% 24.4% 3.0% -0.1%

Dividend yield 4.6% 4.0% 4.3% 4.0% 4.2% 5.6%

STOCK MARKET DATA2013 2014 2015 2016 2017 2018

Listed shares 314,664,594 314,664,594 314,664,594 314,664,594 314,664,594 314,664,594

Market capitalization (€ Million) 7,872.8 9,115.7 8,500.5 9,446.2 10,264.4 10,645.1

Year-end closing price 25.02 € 28.97 € 27.02 € 30.02 € 32.62 € 33.83 €

Annual revaluation 31.41% 15.79% -6.75% 11.12% 8.66% 3.71%

MAIN FIGURES OF THE ACS GROUP

* 2018 final dividend pending of approval.

DATA PER SHARE EUROS 2013 2014 2015 2016 2017 2018

Earnings 2.26 2.31 2.35 2.44 2.57 2.94

Gross dividend* 1.153 1.153 1.152 1.196 1.385 1.890

Funds from operations 3.50 2.65 5.16 4.47 5.97 6.59

Shareholders ́equity 10.53 9.76 11.09 11.60 11.99 14.10

20131) 2014 20153) 2017 201820163)

40,000

30,000

20,000

10,000

0

MILLION EUROS

2013(1) 2014 2015(3) 2017 20182016(3)

2,000

1,500

1,000

500

0

MILLION EUROS

2013 20132014 20142015 20152017 2018* 2017 20182016 2016

1.5

1.0

0.5

0

12,000

10,000

8,000

6,000

4,000

2,000

0

EUROS MILLION EUROS

1,40

0

2013

2013

2014

2014

2015

2015

2017 2018

2017 2018

2016

2016

1,000

800

600

400

200

0

4.00

3.00

2.00

1.00

0

MILLION EUROS

EUROS

2013(1) 2014 2015(3) 2017 20182016(3)

50,000

40,000

30,000

20,000

10,000

0

MILLION EUROS

85% 84% 85% 87% 87% 86%

29,9

33

29,2

99

28,3

67

27,6

82 30,4

71

31,4

46

CONSTRUCTION 71% INDUSTRIAL SERVICES 26%

SERVICES 3%

100%

80%

60%

40%

20%

0%

(1) 2013 data have been restated as a result of the entry into force of the IFRS 10, 11 and 12 new standards. Additionally there has been a reclassification of the results from John Holland and Leighton Services (with the same criteria as in 2014).

(3) In compliance with IFRS 5, in 2016 Urbaser has been reclassified as discontinued operations as a result of sale, also proceeding to re-express the income statement 2015.

*2018 final dividend pending of approval.

MAIN FIGURES OF THE ACS GROUP

CONSTRUCTION 79% INDUSTRIAL SERVICES 17%

SERVICES 4%

35,1

78

34,8

81

33,2

91

31,9

75

34,8

98

36,6

59

1,64

0

1,68

4

1,42

1

1,44

5 1,62

6

1,79

1

702

717

725

751 80

2 915

2.26

2.31

2.35 2.44 2.57 2.

94

1.15

3

1.15

3

1.15

2

1.19

6

1.38

5

1.89

0

7,87

3 9,11

6

8,50

1

9,44

6

10,2

64

10,6

45

The percentages are calculated on the sum of the activities considered in each graph.

Construction includes the activity of Dragados, Hochtief and Iridium.

CANADA

MEXICO

GUATEMALA

ARGENTINA

COLOMBIA

BOLIVIA

URUGUAY

PANAMA

BRAZIL

CHILE

PERU

COSTA RICA

DOMINICAN REPUBLIC

UNITED STATES

ECUADOR

NICARAGUA EL SALVADOR

REVENUES

NET OPERATING PROFIT (EBIT)

DIVIDEND PER SHARE* MARKET CAPITALIZATION

ATTRIBUTABLE NET PROFIT

EARNINGS PER SHARE

INTERNATIONALIZATION

2018 REVENUE BY AREA OF ACTIVITY

2018 GROSS OPERATING PROFIT (EBITDA)

BY AREA OF ACTIVITY

CONSTRUCTION INDUSTRIAL SERVICES

SERVICES

CONSTRUCTION 2018(1) INDUSTRIAL SERVICES 2018 SERVICES 2018

MILLION EUROS 2018

Revenues 28,785

International 95.0%

Gross operating profit (EBITDA) (2) 1,773

Margin 6.2%

Net Profit 469

Margin 1.6%

Backlog (2) 59,350

Employees 68,540

MILLION EUROS 2018

Revenues 6,385

International 62.9%

Gross operating profit (EBITDA) 645

Margin 10.1%

Net Profit 325

Margin 5.1%

Backlog 9,845

Employees 51,672

MILLION EUROS 2018

Revenues 1,505

International 6.5%

Gross operating profit (EBITDA) 80

Margin 5.3%

Net Profit 37

Margin 2.5%

Backlog 3,028

Employees 75,197

(1)  Construction includes the activity of Dragados, Hochtief and Iridium.(2) EBITDA includes Joint Ventures net results (companies executing projects managed with partners) not fully consolidated. Includes the backlog proportional to the stake in joint ventures that.

MAIN FIGURES OF THE ACS GROUP

SPAIN

UNITED KINGDOM

FRANCE

ANDORRA

NETHERLANDS

DENMARK GERMANY

POLAND

ROMANIA

TURKEY

ITALY

IRELAND

CZECH R.

AUSTRIA

NORWAY

SWEDEN

PORTUGAL

MOROCCO ALGERIA

GEORGIA MONGOLIA

HONG KONG

VIETNAM

MALAYSIA

SINGAPORE

AUSTRALIA

PHILIPPINES

JAPAN

INDIA

NEW ZEALAND

CAPE VERDE

ANGOLA

SOUTH AFRICA

UNITED ARAB EMIRATES

SAUDI ARABIA

ISRAEL

INDONESIA

EGYPT

ARMENIA

SWITZERLAND

PAPUA NEW GUINEA

LUXEMBURG

MAURITANIA