Activity and
salient figures

The 2022 financial year still started off with a certain level of impact of COVID-19 on activity as a result of the bursting onto the scene of the omicron variant. However, the recovery began to be more than evident at the end of January, in parallel with the elimination of most of the mobility restrictions imposed by the authorities. The positive trend prevailed throughout 2022, with special momentum since the summer and with the achievement of 90% of the activity recorded in 2019 by the end of the year.

In short, after two years marked by the health crisis, Saba has managed to position itself, in terms of car park activity, at pre-Covid levels. Saba's short-stay activity increased by 28% in 2022 compared to 2021, while the number of subscribers grew by 10%, with both indicators being very close to those recorded in 2019.

Regarding the salient figures of FY2022, operating income stood at 275 million euros, 18% up on 2021, while EBITDA stood at 127 million euros, 23% more than in 2021. Saba invested 27 million euros in FY2022.

Similarly, Saba will continue with its measures for optimisation and management of expenditure. The adaptation of sales channels, with special emphasis in the digital area, and products to meet current needs, especially those aimed at meeting new needs in the post-pandemic period (e.g. remote and flexible working), confirms a line of work aimed at continual improvement that should translate to greater profitability. The traditional policies of selective growth, based on profitability criteria and economic and legal certainty, as well as actions aimed at efficiently managing operations and technological innovation, continue to be Saba's principal lines of action.

In the financial field, cash control continued throughout 2022 and remains stable, and debt was even reduced, despite the current macroeconomic context. In this context, in 2022 the Group proceeded to novate the Group's principal financing contracts, the financing contract with a syndicate of banks at the level of Saba Aparcamientos, in the perimeter of car parks in Europe, and the loan contract subscribed with the shareholder CriteriaCaixa at the level of Saba Infraestructuras, in both cases by extending its maturity to June 30, 2024.