PBG Gr oups financ ial pe r for manc e in Q4 2011 Wysogotowo, - PowerPoint PPT Presentation

PBG Gr oup’s financ ial pe r for manc e in Q4 2011 Wysogotowo, Mar c h 1st 2012 1

Ke y e ve nts at the PBG Gr oup in 2011 and 2012 YT D MONT H E VE NT Exe c ution of a c ontra c t fo r " Construc tion of roa d link be twe e n the Gdańsk Airport a nd the Port of Gdańsk – T  ra sa Mar c h 2011 Słowackiego – T a sk 2, ul. Po to ko wa –Ale ja Rze c zyp o spo lite j Se c tio n" (to ta l le ng th o f 3.32 kilo me tre s). T he a g re e d c o ntra c t pric e wa s PL N 129.3m (VAT e xc lusive ). Exe c ution of a c ontra c t fo r "Construc tion of a sports a nd e nte rta inme nt a re na with a c c o mpa nying infra struc ture in Toruń" .  Apr il 2011 T he a g re e d c o ntra c t pric e wa s PL e xc lusive ) . N 99m (VAT  E xe c utio n o f a L e tte r o f I nte nt b e twe e n PBG a nd Obra sc on Hua rte L ) pro viding fo r c lose c oope ra tion on fore ig n a in (OHL oil a nd g a s ma rke ts , inc luding in the a re a o f c o nstruc tio n o f o il a nd g a s p ro c e ssing units, pipe line s a nd o il a nd fue l ta nks, first in Me xic o , Bra zil a nd o the r So uth Ame ric a n c o untrie s.  Supe rvisory Boa rd's positive opinion on the Ma na g e me nt Boa rd's proposa l to a lloc a te PL N 20.013m to pa yme nt of divide nd of PL N 1.40 pe r sha re .  ne rg ia . Fo llo wing the Me rg e r of CP E ne rg ia a nd KRI by wa y of a non- c a sh c ontribution of 100% of KRI sha re s to CP E tra nsa c tio n, PBG c a me to ho ld 9,088,491 Se rie s J sha re s in CP E ne rg ia , re p e rse nting 12.98% o f the sha re c a pita l a nd vo te s a t the c o mpa ny's g e ne ra l me e ting . I n July 2011, fo llo wing a te nde r o ffe r, PBG he ld 9,788,627 sha re s in CP E ne rg ia , re pre se nting 13.98% o f the sha re c a pita l a nd vo te s a t the c o mpa ny's g e ne ra l me e ting .  May 2011 Suspe nsion of ne g otia tions with OHL c o nc e rning the sa le o f a 51% inte re st in Hydro b udo wa Po lska a nd a 50.1% inte re st in Ap rivia . T he de c isio n wa s ma de b y mutua l a g re e me nt o f the pa rtie s ma inly in vie w o f a sig nific a nt de c line o f the pric e o f Hydro b udo wa Po lska sha re s a nd the c o mp a ny's va lua tio n o n the Wa rsa w Sto c k E xc ha ng e re la tive to the o rig ina lly a g re e d se lling pric e . T he ne g o tia tio ns will re sume whe n the pric e o f Hydro b udo wa Po lska sha re s re c o ve rs to the le ve l se e n a t the b e g inning o f the ne g o tia tio ns.  Se ttle me nt a g re e me nt be twe e n Na rodowe Ce ntrum Sportu a nd AL PINE BAU DE UT SCHL AND AG, AL PINE BAU GmbH, AL PINE June 2011 SKA a nd PBG, a c o nso rtium c o nstruc ting the multi-purpo se Na tio na l Sta dium in Construc tion Polska , HYDROBUDOWA POL Wa rsa w. Unde r the a g re e me nt, HYDROBUDOWA POL SKA S.A. be c a me the c onsortium’s ne w le a de r. T he pro je c t e xe c utio n de a dline wa s e xte nde d until No ve mb e r 29th 2011. T he pro je c t wa s c o mple te d b y the a g re e d da te . Exe c ution of a c ontra c t fo r "Construc tion of the Piekło c ompre ssor sta tion, forc ing pipe line a nd wa te r supply  infra struc ture ", with a va lue o f PL N 52.1m (VAT e xc lusive ). August 2011  Exe c ution of a sub- c ontra c tor a g re e me nt b y Hydro b udo wa Po lska fo r "E ng ine e ring de sig n, c onstruc tion a nd NG re g a sific a tion te rmina l in Świnoujście" . T he a g re e d c o ntra c t pric e wa s PL c ommissioning of the L N 2.3bn (VAT e xc lusive ).  Exe c ution of a c ontra c t fo r "Construc tion work c onsisting in the a lte ra tion of ul. Roose ve lta be twe e n the inte rse c tion with ul. Dąbrowskiego a nd the Most T e a tra lny ove rpa ss, a nd the inte rse c tion with ul. Głogowska a nd the Most Dworc owy ove rpa ss, a long with the a lte ra tion of the Rondo Ka ponie ra inte rc ha ng e in Poznań" . T he a g re e d c o ntra c t pric e wa s PL N 170.2m (VAT - e xc lusive ).  xe c ution of a c ontra c t for c onstruc tion of a biog a s- fire d powe r pla nt in Sza rle j, with a va lue o f ne a rly PL E N 50m. 2

Ke y e ve nts at the PBG Gr oup in 2011 and 2012 YT D MONT H E VE NT  Sa le of e quity inte re st in Stra te g Ca pita l (re duc tio n o f the inte re st in sha re c a pita l a nd to ta l vo te fro m 80% to 48.80%). Oc tobe r 2011  ng ine e ring of Popra d, Slova kia (re d uc tio n o f the inte re st in sha re c a pita l a nd to ta l vo te Sa le of e quity inte re st in Ga sOil E fro m 62.45% to 49.90%). Hydrobudowa Polska e xe c ute d a c o ntra c t fo r "Construc tion of roa d link be twe e n the Gdańsk Airport a nd the Port of  Gdańsk – T ra sa Słowackiego , T a sk 4, Węzeł Ma ryna rki Po lskie j – Węzeł ku Ujściu ". T he a g re e d c o ntra c t pric e due to the c o nso rtium wa s PL N 720m (VAT e xc lusive ).  ong - te rm ra ting a ssig ne d to PBG by Sta nda rd & Poor's Ra ting Se rvic e s . Sta nda rd & Po o r's Ra ting s Se rvic e s a ssig ne d PBG L S.A. a lo ng -te rm ra ting o f BB-, with sta b le o utlo o k.  me ryta lny inc re a se d its inte re st in PBG. As a t the e nd o f F e b rua ry 2012, I NG Otwa rty F und usz Nove mbe r 2011 ING Otwa rty F undusz E E me ryta lny's sha re in to ta l vo te a t PBG's g e ne ra l me e ting wa s 10.24% .  oma sz Woroc h re sig ne d from the position of PBG Ma na g e me nt Boa rd me mbe r Mr Wo ro c h sub mitte d his re sig na tio n to T De c e mbe r 2011 the Cha irma n o f the Supe rviso ry Bo a rd c iting pe rso na l re a so ns.  Clie nts of Pione e r Pe ka o Inve stme nt Ma na g e me nt re duc e d the ir inte re st in PBG. As a t the e nd o f F e b rua ry 2012, Pio ne e r Pe ka o I nve stme nt Ma na g e me nt c lie nts' sha re in to ta l vo te a t PBG's g e ne ra l me e ting wa s 14.99% .  R a nd PDR ra ting s a ssig ne d to PBG by Moody’s. Mo o dy’ s I nve sto rs Se rvic e a ssig ne d PBG S.A. the CF R ( Co rpo rate F amily CF Rating ) a nd PDR ( Pro b ab ility o f De fault Rating ) o f B2, with sta b le o utlo o k. NG te rmina l proje c t in Świnoujście . T  he c o ntra c t pric e Polskie L NG e xc lude d c onstruc tion of a de nitriding pla nt from the L pa ya b le to the c o nso rtium wa s re d uc e d b y PL N 120,167,000 (VAT -e xc lusive ) up o n de live ry o f a no tic e o f e xc lusio n, a s re q uire d und e r the c o ntra c t. T he PBG Ma na g e me nt Bo a rd re po rte d o n Po lskie L NG's rig ht to ma ke suc h e xc lusio ns fro m the c o ntra c t sc o pe in Curre nt Re po rt No . 35/ 2010. I n Curre nt Re po rt No . 12/ 2011 o f F e b rua ry 10th 2011, the PBG Ma na g e me nt Bo a rd re p o rte d o f e xc lusio n b y Po lskie L NG o f the ORV syste m fro m the de live rie s unde r the c o ntra c t. F o llo wing the e xc lusio ns, the to ta l c o ntra c t pric e wa s re duc e d to PL N 2,088,976,000 (VAT e xc lusive ). Januar y 2012  Me rg e r of Hydrobudowa Polska with its subsidia ry, Hydrobudowa 9. Je r zy  Ja nua ry 2011: Wiśniewski Sa le of 500,000 sha re s by PBG's ma in sha re holde r, Mr Je rzy Wiśniewski re sulting in the re duc tio n o f his inte re st in tota l vote a t PBG’s g e ne ra l me e ting to 41.42% .  De c e mbe r 2011/ Ja nua ry 2012: Mr Je rzy Wiśniewski , PBG ’s CE o llo wing the tra nsa c tio ns, Mr. Wiśniewski inc re a se d its O, a c quire d 135,670 sha re s of PBG S.A. F inte re st in the sha re c a pita l to 27.15% , a nd in the tota l vote a t PBG’s g e ne ra l me e ting – to 42.33% . 3