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ANNUAL REPORT 2024
COMPANY
INFORMATION


Growth and contract management

In this area, Saba closed a total of 101 deals in 2024 across most of the countries where it operates. This includes new projects, contract renewals, and extensions, with a total reach of nearly 125,000 parking spaces. At the end of 2024, the Group is present in nine European and Latin America countries (Spain, the United Kingdom, Italy, Portugal, Germany, the Czech Republic, Slovakia, Andorra and Chile), and manages 1,004 car parks, with a total of 339,740 parking spaces in 189 cities.

Twenty new projects were completed last year. In Spain the most important was the management contract for the Ciudad Jardín car park (164 spaces); in Portugal, the most important were the University of Lisbon Residences car parks concession (482 spaces) and the lease of Parque Arroios in Lisbon (150 spaces). In Italy, we were awarded the management of a car park under construction in Lecce (466 spaces) and the concession for the Porto car park (170 spaces) in Livorno.

In the United Kingdom, the most significant were the management contracts for the University Hospitals Dorset NHS Foundation Trust car parks (2,000 spaces), the new management contracts for High Speed (HS1) - 8,542 spaces, and Cannock Chase & Lichfield Council (8,998 spaces).

In 2024, Saba closed a total of 101 transactions, including new projects, contract renewals and extensions, in most of the countries in which we are present.

The list of new operations also includes management contracts for Stade (1,501 spaces) in Germany and Paseo Viña Centro and Meds Los Trapenses, both with 1,200 spaces each, in Chile.

As for contract renewals and extensions, the most significant milestone is the renewal of Adif's contract for the operation of the parking network at the AVE and long-distance train stations, after Saba was awarded the tender launched by the public entity. This means renewing Spain's largest off-street parking contract, along with that of Bamsa, the public-private company that Saba shares with Barcelona City Council and which includes 26 car parks and nearly 12,000 parking spaces.

We should also highlight the renewal in Spain of contracts for l'Illa Diagonal (2,344 spaces), Sant Joan de Déu Hospital (519 spaces) and Bupa Clinic (1,136 spaces), in Chile. In Portugal, the ANA Airports contract (14,050 spaces) was renegotiated, and in Germany, the Berlin Vivantes contract (1,200 spaces) was renewed. In the United Kingdom, the renewal of West Midland Trains (8,066 seats) stands out.

Adif: strategic renewal for the future

Adif's new contract is for 15 years (10+5 years extension), covers the current 55 stations and 23,000 spaces in 49 cities, and will be extended to 64 stations and 30,700 spaces in 55 cities when work is completed on stations such as La Sagrera in Barcelona and Chamartín in Madrid.

The operation is part of the Group's strategic objectives, taking into account the contribution it makes to the car park perimeter, both in size and presence, as well as the impact on results. Saba will undertake an investment of over 50 million euros.

This project will allow us to incorporate the latest developments in digitalization, marketing, and service quality, with the customer at the centre: an improved e-commerce web and app platform with a broader product portfolio, and the modernization of car park payment terminals, streamlining the user experience. These are digital kiosks where you can purchase products online or locate your vehicle in the car park via the number plate, among other services. In addition, Saba will continue to promote and strengthen strategic business initiatives within the Adif network, such as the Ticketless service, with entry and exit via number plate, linked to a payment method, for both subscribers and short stays.

Another major focus of the offer is investment in photovoltaic panels and electric charging stations. Saba Group currently has close to 600 charging points in Spain and over 1,600 in all the countries in which it operates. This deployment has been one of the company's strategic initiatives since 2018, taking into account Saba's conception of car parks: a sustainable service hub for people, companies and goods

In the last-mile segment, Adif's car parks will also respond to the new needs arising from e-commerce and micro-distribution, facilitating the creation of local micro-hubs within car parks, as well as the installation of smart lockers located in car parks with 24/7 access for the collection of online purchases.

Saba thus demonstrates its ability to renew contracts with highly strategic industries, such as Spain's railway sector, and to face highly competitive processes. The transaction has significant industrial potential and will allow the Group to achieve operational synergies and maintain the territorial footprint of Saba's car park network, maintaining its leading position as an operator in Spain.

Saba demonstrates its ability to renew strategic and highly competitive contracts.

10 years of experience

Saba had managed this car park network since 2014, when it was awarded the tender in the bidding called by Adif at the time. Over the past ten years, Saba has driven the transformation of these car parks, both operationally and commercially, with innovation and sustainability as strategic pillars. Likewise, substantial improvements have been achieved for customers who travel on the Spanish rail network. With customers at the centre of all our efforts, Saba Group now takes on the challenge of managing sustainable urban mobility in railway stations..

10+5

years of duration

Renewal of the main contract for car parks.

64

stations in

55

cities

Leading intermodal operator in the United Kingdom

Saba has been awarded the contract to manage nine car parks at four stations on the London-Kent High Speed Rail (HS1) network, with a total of 8,542 spaces. HS1 holds the concession until 2040 to operate and maintain the 109 km high-speed line, the four stations along the route, and all its tunnels and bridges. This is the first high-speed line in the United Kingdom, connecting London St. Pancras International and the Channel Tunnel.

In 2022, Saba was also awarded a five-year contract in the United Kingdom to manage, starting in 2023, car parks for Transport for London, the public body responsible for most of London's transport network, including the Underground, buses, taxis, trams, and some train lines. The contract includes the management of 79 car parks throughout the network, with 10,720 parking spaces, all of them with a barrierless system, which facilitates vehicle entrance and exit. This access, exit and payment method is possible thanks to new technologies implemented by Saba in its car parks, with similar experiences in this country and in Germany.

The Saba group directs all its actions to becoming consolidated as a benchmark operator and consolidating the image of car parks as sustainable urban mobility hubs, for people and goods, committing to intermodality as a key element of traffic management in cities. Transport for London and High Speed are certainly good examples of combined means of transport, in which car parks become the journey's point of origin and/or destination. In this way, the company demonstrated its capacity to manage all types of parking available in the market, including so-called Park and Ride, as in this case.

Saba has been awarded the contract to manage nine car parks at four stations on the London-Kent High Speed Rail (HS1) network.

Business model
Activity and salient figures