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September 03, 2015 2:25 PM ET

Construction and Engineering

Company Overview of Carso Infraestructura y Construcción y Filiales, S.A. de C.V.

Company Overview

Carso Infraestructura y Construcción y Filiales, S.A. de C.V., together with its subsidiaries, provides construction and engineering services to various sectors in Mexico. The company engages in the design, manufacture, and installation of telecommunications networks, electricity, water pipes, and oil and gas projects; and construction of aqueduct, underground line, and water storage dam projects. It also designs and constructs public or private infrastructure projects, which include communication channels, water projects, and energy projects. In addition, the company engages in the design and manufacture of equipment and structures for the oil, chemical, petrochemical, infrastructure, and c...

Miguel De Cervantes Saavedra 255

Granada

Mexico City, DF 11520

Mexico

Phone:

52 55 5328 5800

Fax:

52 55 5255 1686

Key Executives for Carso Infraestructura y Construcción y Filiales, S.A. de C.V.

Treasurer of The Board of Directors
Secretary of The Board of Directors
General Manager and Director
Age: 54
Pro-Secretary of The Board of Directors
Compensation as of Fiscal Year 2015.

Carso Infraestructura y Construcción y Filiales, S.A. de C.V. Key Developments

CICSA Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

CICSA reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported sales of MXN 4,113.8 million compared to MXN 3,204.2 million a year ago. Operating income was MXN 445.2 million compared to MXN 289.8 million a year ago. Controlling net income was MXN 275.8 million compared to MXN 225.2 million a year ago. EBITDA was MXN 533.8 million compared to MXN 377.1 million a year ago. For six months, the company reported sales of MXN 8,167.4 million compared to MXN 6,491.5 million a year ago. Operating income was MXN 969.4 million compared to MXN 824.4 million a year ago. Controlling net income was MXN 629.9 million compared to MXN 640.3 million a year ago. EBITDA was MXN 1,151.0 million compared to MXN 1,003.6 million a year ago.

Carso Infraestructura y Construcción Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Carso Infraestructura y Construcción announced consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported sales of MXN 4,054 million against MXN 3,287 million a year ago. Operating income was MXN 524 million against MXN 535 million a year ago. EBITDA was MXN 617 million against MXN 627 million a year ago. Controlling net income was MXN 354 million against MXN 452 million a year ago. Sales increased mainly due to sound growth of 23.3% due to higher sales in the sectors of Civil Construction, Infrastructure and Pipeline Installations, which offset lower volume in the segment of Manufacturing and Services for the Oil & Chemical Industry. EBITDA decreased were driven by the mix of projects executed during the year and the reduction in sales in the Manufacturing and Services for the Oil & Chemical Industry sector.

Carso Infraestructura y Construcción S.A. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Carso Infraestructura y Construcción S.A. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported sales of MXN 4,742.2 million against MXN 4,845.6 million a year ago. Operating income was MXN 674.4 million against MXN 746.7 million a year ago. EBITDA was MXN 827.7 million against MXN 899.9 million a year ago. Controlling net income was MXN 189.1 million against MXN 618.8 million a year ago. Quarterly operating income and EBITDA decreased 9.7% and 8.0%, while margins were 14.2% and 17.5%, respectively. This was derived from the mix of projects executed during the year and the reduction in sales in the Manufacturing and Services for the Oil & Chemical Industry sector. For the year, the company reported sales of MXN 15,552.6 million against MXN 18,818.2 million a year ago. Operating income was MXN 2,162.0 million against MXN 2,816.4 million a year ago. EBITDA was MXN 2,715.8 million against MXN 3,357.0 million a year ago. Controlling net income was MXN 1,294.4 million against MXN 2,076.0 million a year ago. Sales in both periods were mainly explained by the drop in sales of the Manufacturing and Services for the Oil & Chemical Industry, due to lower volumes of land drilling contracts and construction of platforms. Cumulatively operating income decreased 23.2% while EBITDA decreased 19.1%. This was derived from the mix of projects executed during the year and the reduction in sales in the Manufacturing and Services for the Oil & Chemical Industry sector.

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