Anabel Segura, 11
28108 Alcobendas / Madrid
Spain / T +34 91 710 25 40
© Informe Anual Hispasat 2020
The text in Spanish prevails over the English version.
2020-25 STRATEGIC PLAN
The 2020-25 Strategic Plan is aimed at transforming HISPASAT and anticipating the technological changes that are taking place by proposing innovative solutions to challenges that will allow all citizens to access digitisation. It is about shifting, in a measured and orderly manner, from HISPASAT’s traditional commercial business model towards business with greater growth potential and added value in the future. The plan includes the following points:
- Protecting traditional business, the provision of video distribution services, improving its efficiency to consolidate relationships with major customers and thereby prolong the maturity period of satellite television.
- Positioning the organisation as a leading supplier of Internet connectivity services via satellite, in residential and professional environments and for Public Administration services on the Iberian Peninsula. This requires a continuous verticalization of HISPASAT in the value chain, implementing operational and business models that are more comprehensive, but also more agile to offer innovative services that are set apart from competitors’ offerings.
- Investing in new satellite infrastructures that allow the company to participate in developing connectivity in mobility, whether by air, sea or land.
- Developing business niches by leveraging the rollout of the Internet of Things in rural settings or remote access areas where fibre optic cannot reach and the expansion of 5G connectivity. Essentially, actively participating from leadership in innovative solutions in the social project to guarantee all citizens in all regions access to digitisation without leaving anyone behind, thereby meeting the European Union’s 2025 target and the United Nations’ Sustainable Development Goals.
Highlights
HISPASAT and Covid-19
When the COVID-19 pandemic was declared on 11 March, two steps were taken. First, drawing up an internal protocol aimed at protecting the health and safety at work of HISPASAT staff. We made sure to fully assess the management of associated risks from a global perspective, which includes areas like occupational health and safety, cleaning, training and waste management. This was all with a view to creating an environment of trust in the workplace and to combining on-site and remote working.
At the same time an overarching plan was put in place to adapt to the new scenario caused by the health crisis, aimed at securing business continuity and ongoing operations, as well as limiting the financial effects of the new situation.
To do this, a contingency plan was established for control centres, teleports and all facilities linked to
satellite operations and to telecommunications signal traffic, in order to maintain operations and give ongoing support to customers to keep services running.
In order to limit the financial impact of the health crisis, three basic lines of action were determined:
- Strengthening all of the company’s administrative processes.
- Strict control of expenditure and non-critical investments.
- Increasing the company’s liquidity position, in line with the Grupo Red Eléctrica’s cash management policy, to anticipate any unexpected occurrences that could have an impact on the generation of recurring cash flow. All based on a healthy balance sheet and a solid financial position.
Corporate
New president
The HISPASAT Board of Directors approved the appointment of its new President, Mr Jordi Hereu, on 8 October, replacing Mrs. Rosario Martínez Manzanedo. His appointment was based on a proposal from the Sociedad Estatal de Participaciones Industriales (SEPI) following an extraordinary Shareholders’ Meeting. The new President takes on a new professional challenge and commitment to solve HISPASAT’s challenges, ensuring its growth and creating value for its shareholders and interest groups.
Change of headquarters
After HISPASAT became part of the Grupo Red Eléctrica, in September 2020 the company moved from its headquarters in Madrid to the Albatros Building in Alcobendas. In addition, a demonstration centre has been opened to showcase all the applications that HISPASAT can now offer through its alliances with different companies, focused on offering innovative solutions that will lead to the whole area where its services are available being digitalised. This laboratory of ideas is located in the HISPASAT Satellite Control Centre, which is in Arganda (Madrid).
