KEY PLAYER IN THE AEROSPACE INDUSTRY
The Spanish sector registered a turnover of €833 million in 2016 and provided 3,450 jobs. Of total sales, 78% were exports. Moreover 12% of the turnover was invested in R&D.
These figures make Spain the fifth ranking nation in terms of European space power and one of the very few capable of designing, manufacturing and operating complete satellites.
After over 25 years of operating satellites and providing quality services, HISPASAT has become a key player in the aerospace industry, and indeed a driving force nationwide thanks to its Industrial Return Programme.
SATELLITE FLEET
THE HISPASAT SATELLITE FLEET COVERS EUROPE, AMERICA AND NORTH AFRICA
HISPASAT 36W-1 (H36W-1)
Covering South America and Europe, including the Canary Islands, it carries 20 Ku band transponders and has additional Ka band capacity.
This satellite will offer video contribution and cellular backhaul services, as well as business and broadband solutions, among others.
AMAZONAS 5
HISPAMAR is in charge of operating this satellite that covers both North and South America. Its impressive technological capacity makes it possible to provide a range of communications services in both Ku and Ka bands.
DECEMBER
H74W-1 COMES TO 74º WEST
Amazonas 4 moved to its new position at 74º West from its original one at 61º West. This is the first of the HISPASAT fleet to provide telecommunications services from this position. In accordance with the nomenclature system in place at the company, the Amazonas 4 will from here on in be called Hispasat 74W-1 (H74W-1).
NEW SATELLITES
The new Amazonas 5 and Hispasat 36W-1 satellites are orbiting in positions 61º West and 36º West, respectively.
2017 IN FIGURES
(in millions of euros)
| 2017 | 2016 | VARIATION | |
|---|---|---|---|
| Operating revenue | 235,1 | 228,9 | 2.7% |
| EBITDA | 192,1 | 175,6 | 9.4% |
| Pre-tax profit | 97,1 | 50,8 | 91.1% |
HISPASAT revenue for 2017 amounted to €235.1 million, returning an EBITDA of €192.1 million and a net result of €80.5 million. Of this revenue, 62.7% comes from the American market, where the company operates in Mexico, Venezuela, Colombia, Argentina and Brazil, where its HISPAMAR subsidiary is based. The remaining revenue is from Europe and North Africa.
HISPASAT aspires to maintaining its position as one of the main satellite operators worldwide. At present, it is the fourth biggest satellite operator in Latin America in revenue terms, and eighth in the world.
Indeed, the foregoing figures reflect the soundness and standing of the company and attest to its fundamental role in the Spanish aerospace industry, not merely because of its important industrial return, but because of its role as a driving force in development, promoting as it does innovation and boosting its internationalisation.
Industrial Return Programme
HISPASAT involves Spanish sector companies in its satellite projects. Its satellites carry new equipment made by Spanish companies to validate its functioning, and commits manufacturing companies to making important industrial returns for national companies through its Industrial Return Programme.
This programme establishes that satellite manufacturers that contract HISPASAT must reinvest in components made in Spain over a period of 10 years following its construction for the same amount that the operator has paid for the satellite.
Under this programme, Spanish industry has benefitted to the order of approximately €1,000 million to date.
Accordingly, this initiative has converted HISPASAT into the anchor company in the Spanish aerospace industry. A role that is reaffirmed by the substantial investment made by the company to place itself at the forefront of the market, enabling its activity to become increasingly more effective in the communications via satellite value chain.
From 2015 to 2017, HISPASAT invested €537.6 million in new satellite programmes, a figure that rises near 1,200 millions euros if the 2012-2017 period is taken into account. Of these €537.6 million, 37.5% of the same were acquisitions from local suppliers in 2017, stage in which the operator has doubled its fleet.
| TOTAL | LOCAL PROCUREMENT | |
| HISPASAT | 47.896.680,77 € | 40,7% |
| HISPAMAR | 6.500.849,91 € | 13,5% |
Moreover, HISPASAT has wanted to establish social requirements in its contracting terms and conditions. Requirements such as these aim to establish Corporate Social Responsibility in the company’s managing of the supply chain as well as to disseminate these values among its suppliers.
The company’s General Terms and Conditions for the Procurement of Goods and Services, updated in 2014, provide for the inclusion of a series of clauses to demand certain requirements of suppliers in procurement contracts. These clauses deal with labour relations, environmental protection and respect and safeguarding of the rights contained in the International Bill of Human Rights and the basic rights established in the International Labour Organisation Declaration on Fundamental Principles and Rights at Work.
