Integrated Annual Report 2020

Financial solutions

ECONOMIC ANSWERS READY FOR TOMORROW

Through Bestinver we focus on obtaining attractive and sustainable returns through robust portfolios. Bestinver is a company created by ACCIONA and a leader in management services for investment funds, pension funds and other collective investment institutions.

Bestinver

Experience +30 years

Turnover 114 millions of euros

Under management 6,397 millions of euros

EBITDA 63 millions of euros

CAPEX 2 millions of euros

Investors 49,966 millions of euros

The EBITDA generated by Bestinver has slightly increased (+ 0.8%) in 2020 despite the negative evolution of equity markets. As of December 31st, 2020, funds under management decreased by 6% compared to December 2019 and stood at € 6,371 million.

The EBITDA generated by Bestinver has slightly increased (+ 0.8%) in 2020 despite the negative evolution of equity markets

BESTINVER MANAGEMENT

By adhering to the Principles for Responsible Investment, Bestinver complies with ACCIONA's principles. The incorporation of ESG criteria and the commitment to PRIs is not only fully aligned with the mainstays of Bestinver's investment philosophy, but also strengthens them and enriches them: fundamental analysis, risk management and long-term

BESTINVER SECURITIES

In the capital markets area, Bestinver has an analysis department of Spanish listed companies and provides services in capital increase operations, public offerings for sale and placements of equities and fixed income, thus acting as a source of financing for listed and unlisted companies.

With the aim of continuously increasing the satisfaction of our client base, Bestinver has an extensive investor relations team in charge of informing them at all times of the status of their portfolios, as well as facilitating operations in the management of their investment funds and pensions.

During 2020, Bestinver has continued to strengthen its commitment to its investors by undertaking a complete renovation of its private area; now, in addition to operating in a 100% telematic way, investors have all the information about their investments at their disposal in an intuitive way.

During 2020, Bestinver has continued to strengthen its commitment to its investors by undertaking a complete renovation of its private area

In line with our investment philosophy, we believe that incorporating environmental, social and governance (ESG) criteria into our funds is the right thing to do in terms of fiduciary responsibility.

The inclusion of these principles strengthens Bestinver's ability to generate sustainable returns in the long term and contributes to the identification and management of other non-financial risks associated with investments.

We have decided to apply ESG criteria across all the firm's products to consolidate our commitment to sustainable investment and with the aim of leading the dissemination of these practices.