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infrastructure
& construction

During 2015, annual sales of Carso Infraestructura y Construcción increased 11.4% totaling $16,493 million pesos. This was due to higher revenues from pipeline installations in Mexico as well as different Latin American countries.

Sales
(million pesos)

Operating income
(million pesos)

Operating margin

EBITDA
(million pesos)

EBITDA margin

Carso Infraestructura y Construcción

The sales of Carso Infraestructura y Construcción increased by 11.4%, totaling Ps. 16,493 million during 2015. This effect was mainly due to higher sales in the installation of pipelines in Mexico and some countries in Latin America. In addition, progress was made in projects such as Eastern Discharge Tunnel, Acapulco tunnel, the beltways Mitla-Tehuantepec and South of Guadalajara, El Caminero second-floor viaduct and the Atotonilco’s Wastewater Treatment Plant.

Performance in previous projects managed to offset lower sales in the sector of manufacturing and services for oil and chemical industry, where the volumes of land drilling and contracts for the construction of platforms with Pemex dropped. Similarly, revenues from civil construction decreased in comparison with the previous year, which was the result of the completion of several projects, such as the Prison of the State of Morelos and the Tlalnepantla shopping mall.

In terms of operating income and EBITDA, these concepts recorded increases of 3.0% and 3.4% during the year, while margins were 11.8% and 13.9%, respectively. This was derived from the mix of projects that were executed, with lower revenues from Pemex in the sector of manufacturing and services for oil and chemical industry mentioned above.

Net controlling interest went from Ps. 1,136 million during 2014 to Ps. 1,193 million in 2015, representing an increase of 5.0%.

The backlog of Carso Infraestructura y Construcción was Ps. 17,501 million as of December 31, 2015, compared with the Ps. 18,319 million indicator in 2014. The figure does not include Ps. 1,044 million for joint projects carried out with other entities, in which the backlog would be Ps. 18,546 million.

Investments in fixed assets held by Carso Infraestructura y Construcción during 2015 were Ps. 344 million.

Capital Expenditures carried out by Carso Infraestructura y Construcción during 2015 totaled $344 million pesos.

$17,501

million pesos in Backlog for Carso Infraestuctura y Construcción at December 2015.

Carso Comercios Sanborns