BRISA
Operating the backbone of
Portugal’s road system
One of the world’s largest motorway operators and Portugal’s largest transport infrastructure company. Operating six major road concessions, covering c. 50% of the Portuguese motorway network.
Transport
Managed Account
Vehicle
2007
Investment year
Invested
Status
Portugal
Country
More about Brisa
0
%
Managed
0
Motorways
0
km
Network length
0
m+
Employees
3rd out of 7 European motorway networks
Market
- Portuguese economy continues to show strong expansionary trend, leading to robust traffic growth
- Portugal’s road quality is ranked ninth globally*, 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
*World Economic Forum GCI 2016 3 428 cars per 1,000 inhabitants vs EU average of 498, ACEA Statistics 2014
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 with 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 and in March 2017, Brisa sold 100% of NWP, a Colorado ring road concession
