Arcus Infrastructure Partners LLP

Overview

  • Sector transport
  • Vehicle Managed Account
  • Investment Year 2007
  • Status Invested
  • Country Portugal

Key Metrics

  • GRESB 2023 3rdout of 7 Europe Motorway Networks
  • Employees c.2,867
  • % managed 83.27%
  • Motorways 21
  • Total Network Length c.1,557km

Market

  • Portuguese economy continues to show strong expansionary trend, leading to robust traffic growth
  • Portugal’s road quality is ranked #9 globally2, as a relatively under-developed public transport system favours car usage
  • Relatively low car ownership for EU standards provides for further growth potential in the long term3

Asset

  • Core infrastructure asset providing the backbone of Portugal’s road network connecting the main urban centres, the transport links to Spain as well as the tourist destinations in the south
  • High EBITDA margins with strong free cash flow generation
  • Stable and favourable regulatory framework with toll tariffs increasing annually by inflation (upward only)
  • Leader in electronic tolling and payments platform rollout
  • Select investments in strategic growth areas such as mobility services, car sharing platforms and toll road technology services
  • Market leader in vehicle inspections
  • In July 2015, Brisa sold 30% of BCR, Brisa’s main concession
  • In March 2017, Brisa sold 100% of NWP, a Colorado ring road concession

2 World Economic Forum GCI 2016
3 428 cars per 1,000 inhabitants vs EU average of 498, ACEA Statistics 2014