20.02.2014
Profile
• More than 90 year of history, reinventing and adapting constantly to the technical, social and financial changes of the several market were we operate
• One of the largest groups of the construction and public works sector in Portugal
• 108th largest international contractor according to ENR, 2013
• 205th largest global contractor according to ENR, 2013
• 800 million Euros turnover in 2012
• Circa 4,500 workers in the Group’s several subsidiaries
• 3 decades of track record in the international market: internationalisation process goes back to 1979
• More than 70% of turnover is non domestic
• We operates in a regular base in Angola, United Estates (Florida and Georgia) and Mozambique
• Our strategy is focused in our core business area: Civil Construction and Infrastructures
• Supplementary business areas/ activities: Concessions, Real Estate e Energy Services (Self Energy)
DIMENSION & HISTORY
INTERNATIONAL PROFILE
MAIN ACTIVITY
4
90 Years of History 5
Strategy
CORE BUSINESS: CONSTRUCTION
This is the Group’s core business area, concentrating our attention and efforts, also supported by the development of other business areas/ activities: Concessions, Real Estate and Energy Services
FINANCIAL SUSTANTABILITY
Support and, simultaneously, booster of the Group’s strategic activities growth and development
INTERNATIONALIZATION
AFRICA: Continued dynamic growth in Angola and Mozambique
U.S.A.: Organic growth, expansion into other States, focus on profitability
BRAZIL: Organic growth and seek for an acquisition opportunity in the medium term
THREE MAIN PILLARS OF SOARES DA COSTA’S STRATEGY
6
SDC’s KPI
TURNOVER 802 million
EBITDA 103 million
EBITDA Margin Recurrent
12.8%
-8% +7.5%
+1.9 p.p.
NET INCOME Recurrent
-11.5 million
International Turnover 565 million
ORDER BOOK 1,048 million
-121%
+4% 80% international market
Notes: (1) Figures in million Euros, for full-year 2012. (2) Variations to the consolidated figures of full-year 2011.
7
SDC in figures
The Group’s consolidated turnover increased 46% between 2007 e 2012, with the international activity being a constant and strong contribution (representing, on average, 60% of the total turnover in this period)
The Group’s core business area, CONSTRUCTION, weighted 78% of consolidated turnover in 2012.
The Concessions business area contributed with 20% of the consolidated turnover in 2011
Figures in million euros
+46%
8
Construction 78.0%
Concessions 19.5%
Real Estate 2.3%
Energia P. and Holding
0.2% 179
418 450 380 329 237
372
417 494
513 545 565
2007 2008 2009 2010 2011 2012
Domestic International
551
835
944 894 874
802
SDC in figures
Profitability had a remarkable evolution: EBITDA grew 99% between 2007 e 2012
The Construction contribution weighted 49% of 2012’s consolidated figure
9
(*) Proportional consolidation of Beira Interior motorway concession from 2008 onwards
Figures in
millio
n Eu
ros
36
86 86 88 94
72
6,6%
10,3% 9,1%
9,9% 10,8%
9,0%
2007 2008 2009 2010 2011 2012
EBITDA EBITDA margin
12 8
11
16
2
-12
0
8 7 3
0 0
2007 2008 2009 2010 2011 2012
Net Earnings Dividends (ordinary shares)
Construction Concessions
Real estate
Directors 1%
Senior Management
8% Middle
Management 14%
Qualified 62%
Non Qualified
15%
SDC in figures
The evolution of the number of workers reflect the Group’s activity growth but also the readjustment to the new market conditions of the domestic market in 2011/12
The workers’ high qualification standards has allowed SDC’s differentiation based on quality
10
5,542 5,791
5,952
5,549
4,510
2008 2009 2010 2011 2012
Workers in the
International Markets
63%
Workers in Portugal
37%
International activity
We initiated our international activity in the 80’s, in Venezuela, Angola and Guinea-Bissau, expanding to other markets later on.
Our international operations are focused in high potential markets: Angola, Mozambique, United States and Brazil. We also selectively operate in other markets: S. Tomé e Príncipe, Romania.
Turnover (2012)
30 YEAR OF TRACK RECORD
IN THE INTERNATIONAL
MARKET
11
Order Book (December 2012)
Portugal 29%
Angola 44%
U.S. 16%
Mozambique 8%
Other 3%
Portugal 20%
Angola 40%
U.S. 14%
Mozambique 11%
Other 15%
95
40
61 79
114 126
2007 2008 2009 2010 2011 2012
See
No
te
International activity
International Turnover’s Evolution
Figures in
millio
n eu
ros
Strong growth of our international activity in Angola, Mozambique and in other markets in the last years
Entrance in the Brazilian market in mid 2011
Note: Complete change of our subsidiary Prince’s activity after 2008, after its acquisition by Soares da Costa Group in August; activity only comparable from 2008 to 2011
12
+52%
372 417
494 513 545 565
2007 2008 2009 2010 2011 2012
+55% +292% -34% +32%
228
306 327 345 325 354
2007 2008 2009 2010 2011 2012
17 23 22
38
80
65
2007 2008 2009 2010 2011 2012
32
48
84
51
25 21
2007 2008 2009 2010 2011 2012
The Group’s activities
CONCESSIONS
2012: 20% of turnover and 46% of consolidated EBITDA
Main subsidiaries: • Auto-estradas XXI – Subc. Transmontana, SA • Scutvias -Autoestradas da Beira Interior • Estradas do Zambeze • C.P.E. – Comp. de Parques de Estacionamento • Indáqua - Indústria e Gestão de Águas, SA
Portugal, Mozambique,
REAL ESTATE
Portugal, Angola
2012 : 2% of turnover and 5.5% of consolidated EBITDA
Recent projects: • Soarta: República in Matosinhos, Santos Pousada in Porto, Santo Amaro in Lisboa, Alcântara in Lisboa, Luis de Camões in Lisboa • Casas de Gaia – Cais da Fontinha in Porto • Imokandando Building in Angola • Talatona Residences in Angola
ENERGY
2011: <1% of consolidated turnover
Portugal, Spain, UK and Mozambique
Acquired in Dec 2010 a majority stake in Energia Própria SGPS, SA, a ESCO (Energy Services Company), also constructing and maintaining facilities and micro generation through renewable energies
CONSTRUCTION
Portugal (mainland and islands) , Angola, Mozambique, U.S., Brazil, Romania, S. Tomé & Príncipe
2012: 78% of turnover and 49% of consolidated EBITDA
Main subsidiaries : • Soc. Construções Soares da Costa, SA • Prince Contracting, LLC • Clear Angola, SA • Clear - Instalações Electromecânicas, SA • Somafel - Engenharia e Obras Ferrovárias, S.A • OFM - Obras Ferroviárias e Marítimas, SA
13
Corporate Bodies and Shareholder Structure
Executive Committee
CEO: António Castro Henriques Non executive member of the board of directors since April 2008, being an executive member since April 2010 and CEO since August 2011. Before it was member of the board of directors of Banco Comercial Português (June 1995/ January 2008).
CFO: Gonçalo Andrade Santos Member of the board of directors since October 2006 and member of the executive committee since January 2008.
COO: Jorge Grade Mendes Executive member of the board of directors since August 2011. Before held management positions in several construction companies: Construções Técnicas, Engil Assiconstrói, Sopol, and has also been CEO at Opway.
Chairman: António Gomes Mota
António Castro Henriques
Gonçalo de Andrade Santos
António da Silva Neves
Jorge Grade Mendes
José Manuel Fino (Investifino)
Jorge Armindo (Parinama)
Manuel Alves Monteiro
Board of Directors
Shareholder Structure (% capital)
14
Investifino 71%
Parinama 11%
Free float 18%
Contacts
SOARES DA COSTA GROUP e-mail: [email protected] website: www.soaresdacosta.pt
15
Portugal | Porto: Rua de Santos Pousada, 220 4000-478 Porto | Portugal Tel.: +351 228 342 200 Fax: +351 228 342 641 [email protected]
Portugal | Lisbon: Rua Julieta Ferrão, 12, 13º andar 1649-039 Lisboa | Portugal Tel.: +351 217 913 200 Fax: +351 217 958 484 [email protected] Angola: Rua Cónego Manuel das Neves, 19 Kinaxixi, Luanda | Angola Tel.: + 244 222 447 360 Fax: + 244 222 447 236 [email protected] Mozambique: Av. Ho Chi Min 1178, 2º andar Maputo | Moçambique Tel.: + 258 21 431 059 Fax: +258 21231653 [email protected]
USA | Soares da Costa America Inc.: 6205 Blue Lagoon Drive, Ste 310 Miami, Florida 33126 USA Tel.: +1 305 592 9399 [email protected] USA| Prince Contracting LLC: 10210 Highland Manor Dr., Ste 110 Miami, Florida 33610 USA Tel.: +1 813 699 59 00 [email protected] Brazil: Rua Bandeira Paulista, nº 600 – 1º andar Conjunto 13 – Itaim BIBI CEP 04532-001 São Paulo | Brasil Tel./Fax: +55 11 33 68 43 40 São Tomé and Príncipe: Av. Kwame N’Kruma, Caixa Postal 802, São Tomé República Democrática de São Tomé e Príncipe Tel./Fax: +239 222 18 49 [email protected] Romania: Strada Episcop Chesarie, nº15, Tronson A 040183 Bucuresti | Romania Tel.: + 4 0372 747 777/8/9 - Fax: + 4 0372 870 595 [email protected]
Construction
. Portugal (mainland and islands)
. Angola
. Mozambique
. United States (Florida, Georgia)
. Brazil
. Others: Romania, S. Tomé & Príncipe, Oman, Venezuela
Civil Construction: residential buildings, offices, hotels and tourism, restoration and refurbishment of buildings
Infrastructures: education, sports & culture, industrial, health care & assistance, airports, roads, motorways, bridges, railways, hydro, environment and other urban infrastructures
Technical installations and solutions: electricity, telecommunications, technical management, heating, ventilation, air conditioning, sewage, water treatment, design, manufacture and assembly of steel structures
WHAT WE DO ?
WHERE WE ARE?
2
Construction
WHICH ARE OUR MAIN SUBSIDIARIES?
Sociedade de Construções Soares da Costa, SA
CLEAR Angola – Instalações Electromecânicas, Lda
CLEAR - Instalações Electromecânicas, SA
Prince Contracting, LLC
3
Somafel - Engenharia e Obras Ferrovárias, SA
OFM - Obras Públicas, Ferroviárias e Marítimas, SA
Construction – Quality, Environment & Security
Soc.de Construções Soares da Costa, SA CLEAR - Instalações Electromecânicas, SA
CERTIFICATIONS
Quality Management System NP EN ISO 9001:2008
Environment Management System NP EN ISO 14001:2004
Health and Security Management System OHSAS 18001:2007 / NP 4397:2008
4
• Customer satisfaction is a concern and guidance on which we conduct our activities
• The assessment of satisfaction of external customers of the Group’s companies is managed by the Quality, Environment and Security Department of each company
• The results obtained (showed below) are taken from satisfaction questionnaires completed by customers at each stage (execution of works, warranty, technical assistance & maintenance):
QUALITY MANAGEMENT AT SOARES DA COSTA
5 Construction – Quality, Environment & Security
78% 80%
69% 77% 76%
85%
73% 79% 77%
57%
83% 90%
81% 84% 81% 75%
81%
92%
Soc. ConstruçõesSDC - Works in
progress
Soc. ConstruçõesSDC - Works in
guarantee period
Contacto - Worksin progress
Contacto - Workson guarantee
period
Clear - Works inprogress
Clear - Technicalassistance andmaintenance
2009 2010 2011
• Focused on the preservation and protection of the environment
• Integrated strategy for sustainable development
• Ensuring minimization of negative environmental impacts and enhancing positive impacts resulting from the activity
• Materialized in an Environmental Management Plan set for each work: establishes the rules applicable to environmental management activities at work by Soares da Costa or by subcontractors
ENVIRONMENTAL DATA
ENVIRONMENTAL MANAGEMENT AT SOARES DA COSTA
6 Construction – Quality, Environment & Security
58,934
49,822
2011 2012
Energy Consumption (gigajoules)
55,981
37,239
2011 2012
Water Consumption (m3)
43,846
8,283
2011 2012
Waste Production (tonnes)
• Promotion of the development of the activity in safe, hygienic and healthy, minimising the occurrence of accidents at work, promoting preventive behaviour and the protection of workers and others, and enhancing a healthy lifestyle
• Based on the risks assessment, we implement methodologies and operating procedures essential to the success of the construction works
• Development of the health & security plans for the works, without which they can not initiate field works, approved by the Owners of Work , and in which are defined the health and safety rules applicable to all entities involved
HEALTH & SECURITY MANAGEMENT AT SOARES DA COSTA
7
Soares da Costa’s Health & Security Data 2008 2009 2010 2011 2012
Frequency Index of Work Accidents
Accidents / Million Hours Worked
36.05 37.47 29.02 25.02 25.62
Frequency Index of Occupational Diseases
Occupational Diseases / Million Hours Worked
0.54 0.71 2.69 4.17 6.60
Accidents’ Gravity Index
Lost Days (by accident or occupational disease) / Million Hours Worked
463.12 521.39 512.0 349.2 2,203.9
Absenteeism Rate Number of Hours Lost /
Number of Workable hours 5.37% 5.55% 4.26% 6.00% 5.11%
Construction – Quality, Environment & Security
Construction – Some Works 8
Olympic Village (Mozambique)
2011 | €144 million Urban infrastructures (roads, sewage and electricity), 848
apartments, an elevated reservoir, Olympic swimming
pool and ceremonial park.
Coimbra Stadium (Portugal) 2003 | €40 million
Reshuffle and expansion of the stadium, with an increase in the number of seats from 15,000 to
30,000, coverage and parking lots
EDUCATION, CULTURE AND SPORT INFRAESTRUTURES
Algarve Stadium (Portugal) 2004 | €22 million Football stadium with 30,000 covered seats
Macau’s Cultural Center (China) 1999 | €75 million 16.035m2 construction area
Braga Stadium (Portugal) 2004 | €75 million
Football stadium with 30,000 covered seats
Porto University – Engineering College (Portugal) 2004 | €39 million College building with a total construction area of 85.000m²
Construction – Some Works
Marina Blue (EUA) 2007 | €90 million Residential building with parking, 60 floors and 515 apartments
IKEA Loures (Portugal) 2009 | €30 million
Demolition, earthworks, retaining walls, foundations, structure, facades, coverage
and access roads
Atlântico Towers (Angola) 2008 | €148 million
An office building with 19 floors and a residential building with 11 floors,
parking, totalling 63,000m² of construction area.
9
RESIDENTIAL, OFFICE AND COMMERCIAL BUILDINGS
Sonangol Headquarters (Angola) 2008 | €106 million Office building with 24 floors and 3-floor parking, including a commercial area, refectory, library, auditorium and heliport
Construction – Some Works 10
1º Congresso Tower – BESA Headquarters (Angola)
2013 | €82.5 million Multifunctional building with
33 floors (5 underground) and a total construction area of
48,000m2
Dipanda Towers (Angola) 2013 | €56 million Two multifunctions buildings, with 13 floors above the ground and a total construction area of 36,700m2
RESIDENTIAL, OFFICE AND COMMERCIAL BUILDINGS
Total TTA2 (Angola) 2013 | €157 million
Office building with 3 parts: Tower Building, Parking
Building e Utility Building, including an auditorium with
400 seats
Parque Building (Portugal) 2010 | €25 million Residential building with 10 floors, of which 3 underground
Ruben A Buildings (Portugal) 2010 | €24 million
Several buildings with a total construction area of 92,801
m³implemented in 4.985m², with 210 apartments
Ambiente Tower (Angola) 2011| €68 million Building with 35 floors, of which 5 underground, including a heliport, in a total construction area of 50.000m²
Sana Luanda Royal Hotel (Angola) 2011| €39 million 28 floors hotel of which 3 floors underground
Pestana Porto Santo (Portugal) 2008 | €25 million 5 star hotel with 250 rooms, located in 14 buildings with 2-3 floors
Promenade Hotel (Portugal) 2009 | €22 million
4 star hotel, with 110 rooms and 124 apartments in a
total construction area of 26,500m².
Hotel VIP Executive Tete (Mozambique)
2013E | €10 million 4 start hotel in Tete, with a
total construction area of 10,136m2 with 96 rooms and
16 apartments
HOTELS AND TOURISM INFRAESTRUTURES
Construction – Some Works 11
Construction – Some Works
LNG Sines Terminal (Portugal) 2003 | €8 million Civil construction works and underground pipelines to the liquified gas terminal
Votorantim’s Cement Plant in Rio Branco do Sul, Paraná (Brazil) 2012| €16 million Construction of an industrial unit to produce cement , with 5,000 ton/ day of production capacity
Sonangol Laboratory (Angola) 2008 | €12 million
2 floor laboratory, 26 analysis spaces and 36 offices, in 3,940m² of covered area
Votorantim Cimentos – Cement’s Grinding Plant
(MA -S. Luís, Brazil) 2011 | €4 million
Construction of an industrial unit of grinding and
production of cement
GRN Terminal Containers (Portugal) 2009 | €13 million Including an office building with two floors, a support building and an industrial warehouse
12
INDUSTRIAL INFRAESTRUTURES
Circo Braga Theatre (Portugal) 2006 | €14 million Rehabilitation in three phases of the building of the theatre
Viseu Inn (Portugal) 2009 | €9 million
Rehabilitation and adaptation of the previous S.
Teotónio hospital building, including the construction of
a new floor, totalling 84 rooms
Freixo Inn in Porto (Portugal) 2009 | €8 million Rehabilitation and adaptation of the Freixo Palace and the Harmonia Milling Plant, with 88 rooms in 8 floors
Serra da Estrela Inn (Portugal)
2013E | €14 million Rehabilitation of the previous Penhas da Saúde sanatorium,
with 7 floors and 93 rooms
REHABILITATION OF INFRASTRUCTURES
Construction – Some Works 13
Construction – Some Works 14
Vale do Sousa Hospital (Portugal) 2001 | €30 million Building with 10 floors, 400 beds and a total construction area of 51,000 m²
Tomar Hospital (Portugal) 2001 | €25 million Building with 7 floors, 228 beds and a total construction area of 36,512 m²
João de Almada Hospital (Portugal) 2006 | €8 million Rehabilitation of the building with capacity to provide healthcare services to 161 persons
HEALTHCARE INFRAESTRUTURES
Construction – Some Works
F. Sá Carneiro Airport (Portugal) 2006 | €188 million Reshuffle and expansion of the building, with a total construction area of 70,000 m².
Sonair Hangar(Angola) 2008 |€9 million Rehabilitation, expansion and modernization of the hangar to a terminal of domestic flights
Macau International Airport (China) 1997 | €195 million Terminal with 45,000m² of covered area, parking, apron, access roads and bridges, taxiways and control tower
15
AIRPORTS
Construction – Some Works
Beira Interior Motorway- A23 (Portugal) 2003 | €582 million Motorway in the Beira Interior region, with a total length of 130 km, divided in five stretches
Zambeze River Bridge (Mozambique)
2009 | €66 million Zambeze river bridge with a
total length of 710m, and an access road with a total
length of 1,666m
Madalena do Mar Tunnel (Portugal) 2010 | €54 million Two tunnels, one with a total length of 1,911m and three emergency galleries and the other with 1,536m and two emergency galleries
Catumbela River Bridge (Angola)
2009 | €26 million Catumbela River bridge with
a total length of 438 m.
Cachéu River Bridge (Guinea-Bissau) 2009 | €26 million Cachéu river bridge with a total length of 730m
16
ROADS AND MOTORWAYS
Castanheira do Ribatejo Logistic Platform Accesses
(Portugal) 2011 | €13 million
Construction of the accesses roads to A1 and road EN1, including an elevated road
and a bridge
Construction – Some Works 17
Tete New Bridge (Mozambique)
2013E | €46 million Bridge over the Zambeze
river with 715m, access bridge with 865m and access
road with 13.5km
Road N221 – II e III (Mozambique) 2013E | €59 million Rehabilitation (design & built) of several stretches of the road, totalling 187km
I-75 Tampa (FL, U.S.A.) 2015E | €70 million
Widen and reconstruction of 11.4 miles (18.3km), including the replacement of 3 bridges
and widen of 16 bridges
I75 - BIBB County (GA, U.S.A.) 2013E | €44 million
Widen by 3.65 miles (5.9km) of the existing road; construction
of 7 bridges and installing video detection systems at
intersections
I-595 - Section A&B (FL, U.S.A.) 2014E | €64 million Reconstruction of SR84 road, widen of I-595 road, construction of 4.3 miles (6.9km) of reversible lanes at I-595 road
ROADS AND MOTORWAYS
Transmontana Motorway (Portugal) 2013E | €240 million Motorway with a total length of 138km, divided in several stretches; construction of 56km of a main linked road
Construction – Some Works
Porto light Railway (Portugal) 2006 | €1.075 million Light railway network with a total length of 74.3km, of which 6.3km tunnel; 76 stations
18
North Line, Quintães-Ovar Stretch (Portugal) 2005 | € 88 million Modernisation of the North Line, stretch 3.2 between Quintães-Ovar, in a total length of 31.3km.
Lisboa Subway, Workshop and Machinery Park III (Portugal) 1999 | €130 million Workshop and machinery park, phase III, with capacity to park 22 trains and 6 coaches
RAILWAY & SUBWAY INFRASTRUCTURES
Construction – Some Works 19
Water Pipeline Pisão - Alqueva (Portugal) 2010 | €15 million Pipeline with 8.000m between Ferreira reservoir and Penedrão dam
Alqueva Dam Capacity Increase (Portugal) 2010 | €49 million Capacity increase similar do Alqueva phase I: two reversible groups with 130MW each
HYDRAULIC INFRAESTRUTURES
Pisão Bayou Irrigation Network (Portugal) 2010 | €19 million Irrigation network with a total length of 40,026m; supply and installation of 234 hydrants and 452 irrigation sources
Sewage System (Barbados) 2003 | €41 million Main collector with 21km; connection to private properties of 7km; 4 treatment stations
Simarsul – ETAR in Barreiro/ Moita (Portugal)
2010 | €17 million Residual Waters Treatment
Station, constituted by treatment buildings in
concrete, and an exploration building
ETAR in Ave (Portugal) 2010 | €21 million Residual Waters Treatment Station with capacity for 42,935 m3/day, equivalent to 258 thousand inhabitants
Organic Waste Treatment Station in Seixal (Portugal)
2012 | €14 million New treatment station with capacity for 40,000 tons of
residues / year
ENVIRONMENTAL INFRAESTRUTURES
Construction – Some Works 20
Construction – Some Works
Luanda Seaside Area(Angola) 2012 | €94 million
Intervention in a 2.400m area, including roads, water
containment and a bridge with circa 140m
Chão do Loureiro Parking (Portugal)
2011 | €3 million Parking with 202 places and 8,300m2 of parking area and 1,100m2 of commercial area
Water and Sewage Network (Galati, Romania) 2011 | €17 million Rehabilitation of the 109km potable water network, and of the 36km sewage network; expansion of the sewage network (23.3km)
Boa Vista and Sambizanga Municipalities (Angola) 2013E| €63 million Rehabilitation of a 1,000ha area, inc. public infrastructure of rainwater drainage, construction of roads, infrastructure for electricity supply and public lighting
Parque das Nações Parking (Portugal) 2003 | €5 million 4 floor underground parking with a total are of 3,085m²; total construction area of 12,342m²
21
URBAN INFRAESTRUTURES
Concessions
. Concessions in operation or in construction phase:
Portugal
Mozambique
S. Tomé & Principe
. Business development and bid phase:
U.S. (Florida, Georgia)
South America (Brazil)
Promotion, development and management of infrastructure concessions in Portugal and in non domestic markets
Track record on the management of PPP/PFI contracts in several segments: motorways, bridges, airports, subways and light railways, high speed railway networks, hospitals, water treatment, mini hydraulic dams and car parking
2
WHAT WE DO ?
WHERE WE ARE?
Concessions
SCUTVIAS – Auto-estrada da Beira Interior, SA
ELOS – Ligações de Alta Velocidade, S.A.
C.P.E. – Companhia de Parques de Estacionamento, SA
Estradas do Zambeze, SA
Auto-estradas XXI – Subc. Tranmontana, SA
3
WHICH ARE OUR MAIN SUBSIDIARIES?
Concessions – Motorways & Roads
Transmontana (Portugal) 191km | Shadow and real
toll motorway; Concession Period: 30 years; Total
Investment €713 million; Under construction
S. José / Caldera (Costa Rica) 77km | Real toll motorway; Concession Period: 25 years; Total Investment: $260 million; In operation; Sold in 2012
Beira Interior – A23 (Portugal) 180km | Real toll motorway; Concession Period: 30 years; Total Investment: €819 million; In operation
Tete Bridge and Roads (Mozambique)
700km | Real toll bridge; Concession Period: 30
years; Total Investment: €170 million; Under
construction
4
Concessions – Other Projects 5
Car Parking(Portugal) Management of car parks: 6.134 places “off-street” e 2.403 places “on-street”; Concessions period between 10 and 50 years; Total investment: €58 million; In operation
Hidro Power (Portugal) and Hidro Equador (S. Tomé)
Mini hydraulic dams; Total capacity: 60MW; Concession
Period: 20 years (Hidro Equador) and 45 years (Hidro Energy);
Total Investment: €80 million; Under construction
Indáqua (Portugal) Water distribution and sewage;
Served Population: 565 thousand; Concessions Period: between 25
and 50 years; Total Investment €245 million; In operation
Concessions – The Future 6
A long term activity...
Beginning of Concession Period End of Concession Period
1990 2000 2010 2020 2030 2040 2050
Indáqua Vila Conde
Estradas e Ponte de Tete
AE Transmontana
Indáqua Trofa/S. Tirso
Indáqua Matosinhos
A23 Beira Interior
HidroEquador
Indáqua Feira
Indáqua Fafe
Concessions – Some Figures
SDC’s Concessions in Figures (2012)
Concession Contracts
35
Roads and Motorways (km)
1,036
Small hydro plants (MW) *
60 Parking (# places)
9,757
Water and Sewage**
600,000
Turnover
157 million Euros
* Total contracted power ; ** Served Equivalent Population
7
Real Estate
. Portugal
. Angola
. Management of Soares da Costa Group real estate portfolio
. Promotion (design, project, licensing) and implementation of residential and services real estate projects
2
WHAT WE DO ?
WHERE WE ARE?
Real Estate
Ciagest - Imobiliária e Gestão, SA
Cais da Fontinha - Investimentos real estates, SA
Habitop-Sociedade Imobiliaria. Lda
Soares da Costa Imobiliária Angola, Lda
Soarta - Soc. Imobiliária Soares da Costa, SA
3
WHICH ARE OUR MAIN SUBSIDIARIES?
Real Estate – Portfolio
Soarta Santo Amaro (Lisboa, Portugal) 2010 | Residential real estate project with 2.2 thousand m2
Cais da Fontinha (Gaia, Portugal)
2010 | Rehabilitation of several degraded buildings,
22 residential units, 3.9 thousand m2
Soares da Costa Headquarters (Porto, Portugal) 2006 | Reconversion of Oporto Center; 11.8 thousand m2
Soarta República (Matosinhos, Portugal)
2007 | Residential real estate project with 9
thousand m2
4
PORTUGAL
Real Estate– Portfolio
Imokandandu Building (Luanda, Angola) 2011 | Office building with 16 thousand m2 of construction area above the ground; in design phase
Restinga Top Residence (Lobito, Angola) 2013E | Residential private condomiun with 53 residential units; in design phase
Talatona Residences (Luanda, Angola) 2011 | Residencial private condominium with garden and leisure facilities, 132 residencial units, 17 thousand m2
5
ANGOLA
Energy Services – Self Energy
• Self Energy was the first Portuguese ESCO (Energy Services Company), with the motto that the energy that we need can be produced by ourselves, with lower costs
• Based in a model that establishes energy supply contracts, with a reduction of costs for the clients, through the use of innovative technology applied to the renewable energy sources
• Besides the Portuguese market, Self Energy’s activity has a strong international feature, with operations in Brazil, United States, Spain, France, UK, Eastern Europe, Jordan and Mozambique
• International Partnerships:
- With E. On Energy to integrate the UK Clinton Climate Initiative;
- Contract with FUNAE, Mozambican State Energy Fund to install photovoltaic centrals in 50 schools, 50 health centres and 2 hospitals
- Cooperation protocol with the Jordanian company Nakhil Jordanian Investment & Trading Company
FIRST PORTUGUESE ESCO
AN INTERNATIONAL COMPANY
2
Energy Services – Self Energy
PROMOTERS / FUNDING SHAREHOLDERS continue to be part of the company’s management
Soares da
Costa Group 57% Promoters
27%
InovCapital 14%
NAVES 2%
PROJECT’S PROMOTERS IN THE CORE OF THE ACTIVITY AND SHAREHOLDER STRUCTURE
• 2006 A Group of private promoters creates Self Energy
• 2007 The fund Fomentinvest enters Self Energy’s shareholder structure, followed by NAVES (AESE/IESE)
initiating the development of business micro-generation
• 2008 InovCapital (Ministry of Economy and Innovation ) e CCCAM (Crédito Agrícola) enter the shareholder
structure, with a strong investment in internationalisation and in new business areas, as mini solar power plants
• By the end of 2010 Soares da Costa Group acquires a majority shareholder (57.3%).
3
EPC
ENERGY AUDITING
ESCO ENERGY
CERTIFICATION
MICROGERATION
Energy Services – Self Energy : Skills 4
Energy Services – Self Energy
PHOTOVOLTAIC CENTRALS AND MICROGENERATION EPC
5
ENGINEERING Analysis and design of the project
PROCUREMENT Identification and due diligence of all the phases for the supply of materials and competitive pricing
CONSTRUCTION Implementation of the project
SAVE
PRODUCE
SALE
ESCO
EE = Energy Efficiency
ER = Local Production using a Renewable Source
PRE = Special Production Regime with Sale to the Grid
ENERGY EFFICIENCY LOCAL PRODUCTION
Waste analysis, presentation of measures to reduce energy through renewable technologies energy and changing lighting, insulation, flooring, etc..
Design of the project’s engineering and implementation of solutions / technologies that provide energy for consumption and for sale to the grid (establishment of concession contract)
Energy Services– Self Energy 6
ENERGY AUDITING • Energy auditing services that evaluate the efficiency level of the energy use
• Energy efficiency consulting services including a Energy Saving Plan (PPE) and implementation monitoring of that plan by specialised technicians
• Energy certificate is mandatory in Portugal since January 2009 to all the buildings (or fractions) allotted to housing or services, new or existing, traded or rented
CERTIFICAÇÃO ENERGÉTICA
ENERGY CERTIFICATION
• Self Energy Solutions markets technological solutions to private and corporate customers, using own brands and a national network of authorised agents
• The technological solutions combine renewable energy solutions to obtain efficiency
• Portfolio includes solar energy, photovoltaic, wind projects
MICROGENERATION
Energy Services – Self Energy : Portfolio
SPAIN
MOZAMBIQUE
PORTUGAL
OTHER EUROPEAN COUNTRIES
• Belas Country Club: energy efficiency and renewable energy sources • S. Maria Feira Municipal Pool, Social Housing in Mira Sintra, Inatel Foz do Arelho, Águas de Portugal, Sta Marta Hospital: microgeration • MARL: photovoltaic panels • ANA, Dolce Vita Shopping Centres: certification
• Solar/ photovoltaic Park (EPC) in MiralCampo, with 3MW of installed capacity • Solar/ photovoltaic Park (EPC) in Múrcia, with 3MW of installed capacity • Solar/ photovoltaic Park (project) in Redur, com 2MW of capacity
• Solar/ photovoltaic Park (project) in the UK with 100kW of installed capacity • Energy Auditing to the Kings College, City University
• Decentralised production (photovoltaic) in 50 schools and 50 health centres • Girassol Indy Hotel – thermal solar solution and efficient illumination
7
Corporate Social Responsability
Code of Business
Conduct and
Business Principles
Sustainability Policy
Equality and Diversity of
Opportunities Policy
Social Responsibility
Policy
Environmental Policy
Quality Policy
Prevention, Safety and
Health at Work Policy
Sustainability Policy at Soares da Costa Group
1
• Promoting of the reduction of the environmental impacts of our activity
• Investing in the promotion of the satisfaction of our workers
• Contributing to the reduction of work accidents
• Contributing in a responsible way to a more fare and balanced society
• Fostering research and innovation
• Encouraging all stakeholders to engage in meeting these goals
Economic Value Generated
Economic Value Distributed
Donations and Sponsorships
Training Hours per Employee
Corporate Social Responsability 2
Sustainability Development Data (2012)
884 million Euros 770 million Euros
186 thousand Euros 9,349 hours
Corporate Social Responsability
Main Activities
3
“Sou Capaz”: volunteer and corporate social responsibility program; Partners: Associação CAIS, Aldeias SOS, Legião da Boa Vontade, Fundação Floresta Unida
Ecoponto Solidário (Solidarity Recycling Centre), a program to collect goods for donation to institutions
Scholarships annual program to award scholarships to children of employees
Technical Workshops: initiative of knowledge sharing among employees
Index of Sustainability Management at Work: a tool developed and implemented to manage adverse social, environmental and economic impacts from the activities/ operations of a construction work
Protocols: aiming to provide improved conditions for our employees and their families
Christmas: attribution of Christmas hampers to some employees and offering of Christmas gifts to children of employees of the Group, up to 10 years
Holiday Camps: three holiday camps with special conditions to our employees (spring, summer and Christmas)
Organization of a party for children of the village of Tombo in Angola, involving about 250 children, offering baskets of soft drinks and biscuits;
Realization of the 2nd edition of the game of solidarity for the Associação Clube dos Amigos do Sambizanga (Association of Friends of the Club Sambizanga) in Angola, with donation of food products
Activities to promote health in Mozambique (carried out as part of the construction of the new bridge over the Tete river), including an agreement with the Tete’s Health Department
Donation of an incinerator for hospital waste in Mozambique: given to the Health Centre of M’Padué district (where the new Tete river bridge yard is located)
Material and logistic support (given by Soares da Costa Moçambique, SARL) to three social gatherings, involving a total of around 110 young people
Conversion of two sea containers into libraries to be installed in the civic centres of Mapai and Chicualacuala, donated by Soares da Costa Moçambique, SARL
World
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