Trakcja Tiltra S.A. Diversified Infrastructure Construction Group - - PowerPoint PPT Presentation

Trakcja Tiltra S.A.

Diversified Infrastructure Construction Group March 2012

Diversified Infrastructure Construction Group

2

• Large market
• It is estimated that total expenditure on construction and

installation works in the Polish railway sectors in 2012–2013 will amount to approx. EUR 4 bn. The growth of the planned CAPEX exceeds the sector’s available capacity. Total expenditure on roadworks in 2012–2013 will amount to EUR 12 bn.

• Reliable payers
• The European Union and the Polish and Lithuanian

governments are the actual payers to the Group

• Strong strategic partner
• Comsa–Emte Group is the eight largest construction

company in Spain, and the second largest company in the Spanish railway sector. Strategic partnership with Comsa- Emte ensures financial stability

Structure of the Trakcja Tiltra Group

3

100% 100% 82,35% 100% 96,84% Przedsiębiorstwo Robót Kolejowych i Inżynieryjnych S.A. PRK 7 Nieruchomości

• Sp. z o.o.

TORPROJEKT

• Sp. z o.o.

0,48%

• electrification
• track structure and substructure
• real-estate development
• project documentation
• engineering structures

50% 77% 100% Bahn Technik Wrocław Sp. z o.o. 22% 1% 85,85%

• rail bonding and welding

100% 100% 100% 100% 75,1% 75% 99,5% 100% 94,93% 100% 100% 50,54% 100% 100% 100% 94,62% 25% 57,78% UAB Kelda UAB Verksioniu karjeras UAB Pletros investicijos UAB Kedainiu automobiliu keliai UAB Taurakelis PD LAMBDAR

• Sp. z o.o.
• construction of roads

AB Kauno Tiltai TUB konsorciumas Tiltra Lenkijos skyrius P.E.U.I.M. Sp. z o.o. Brux Sp. z o.o. PT Kruszywa

• Sp. z o.o.

Poldim Mosty

• Sp. z o.o.

Dalba Sp. z o.o. PDM Białystok S.A. Poldim Dębica S.A.

TRAKCJA - TILTRA S.A.

• production of substation equipment and components
• power engineering
• electrification
• holding entity

Silentio Investments

• Sp. z o.o.

PDM w Brzesku Sp. z o.o. AB Kauno Tiltai

production of construction materials water ports, utilities infrastructure, tunnels, railways, airports, construction of roads, bridges,

AB Kauno Tiltai TUB konsorciumas Tiltra AB Kauno Tiltai Lenkijos skyrius Poldim S.A. NRR Grupa POLDIM Sp. z o.o. Poldim Mielec

• Sp. z o.o.

Tiltra Group AB

• construction of roads, bridges
• maintenance of the roads
• production of construction

materials

Current Projects

Key projects of Trakcja Tiltra Group in railway works:

4 At present, Trakcja Tiltra Group is executing seventeen key projects in railway infrastructure for a total value in excess of PLN 4.3 bn, where Group companies are hired either as general contractors or subcontractors.

Item Project Compensation for the Consortium (PLN m)* Scheduled completion date The Group's role 1 Modernisation of the E-65 LCS Ciechanów line; LOT A – Gąsocin and Ciechanów Stations; Lot B – Świercze – Gąsocin and Gąsocin – Ciechanów routes 144 2011 Subcontractor (TT S.A.) 2 Reconstruction at the east side of Poznań Railway Station encompassing platforms 1, 2 and 3, platform roofs and stairways 37 2012 Consortium Leader (PRKiI S.A.) 3 Modernisation of railway line no. 223 Czerwonka – Ełk, on the Orzysz – Ełk section at km 85.300 ¸ 120.739 40 2012 Consortium Leader (TT S.A.) 4 Modernisation of railway line No. 358 on section Zbąszynek – Czerwieńsk with construction of railway siding Pomorsko – Przylep bypassing Czerwieńsk station – Stage I 58 2012 Consortium Leader (PRKiI S.A.) 5 Modernisation of the E65/C-E65 railway line, Warsaw - Gdynia section - area of LCS Działdowo 741 2012 Consortium Leader (TT S.A.) 6 Construction of an integrated node in the area of the stadium for Euro 2012 - Euro 2012 Stadium node - the task 5.2 of the project: Integrated System of Rail Transport in the Aglomeration and in Wrocław 40 2012 Consortium Leader (PRKiI S.A.) 7 Modernization of railway system and elements of railway infrastructure in the area of station Wroclaw Glowny 45 2012 Consortium Leader (PRKiI S.A.) 8 Design and execution of construction works on the railway line Kraków - Medyka-state border, section Podłęże - Bochnia from km 16,000 to 39,000 589 2014 Consortium Leader (TT S.A.) 9 Tramline construction „Chełm – Nowa Łódzka” within Gdańsk City Transportation Project – faze III A and construction of Nowa Łódzka Street in Gdansk 35 2012 Subcontractor (TT S.A.) 10 Modernization of the E 30 railway line, section: Jaworzno Szczakowa - Trzebinia 300 2014 Consortium Leader (PRKiI S.A.) 11 Design and performance of construction Works on the railway line Sędziszów Małopolski – Rzeszów Zachodni 298 2014 Consortium Leader (PRKiI S.A.) 12 The design and performance of construction works on railway tracks: Dębica – Sędziszów Małopolski 409 2013 Consortium Leader (PRKiI S.A.) 13 Modernisation of line no. E59 Wrocław - Lower Silesian Voivodeship Border 206 2014 Consortium Leader (PRKiI S.A.) 14 Modernization of the railway line nr 9, section from km 236,920 to 287,700, during the Local Area Control Center, based in Malbork 816 2013 Consortium Leader (TT S.A.) 15 Design and construction of Łódź Widzew station and part of a railway track Łódź Fabryczna – Łódź Widzew from km 2,250 to km 7,200 within railway traffic control and telecommunication facilities for all section Łódź Fabryczna – Łódź Widzew and modernization of detour line Łódź Widzew – Łódź Chojny – Łódź Kaliska 239 2014 Consortium Leader (TT S.A.) 16 Railway from Radviliskis to Pagegiai modernization 100 2012 Consortium Leader (Kauno Tiltai LT) 17 Vilniaus railroad bypass Kyviškės-Valčiūnai second road construction 274 2014 Consortium Leader (Kauno Tiltai LT) Total compensation for the Consortium 4 371

* assum ed LTL/PLN exchange rate of 1,2792

Current Projects

Key projects of Trakcja Tiltra Group in civil works:

5

Item Project Compensation for the Consortium (PLN m) Scheduled completion date The Group's role 1 Jakai crossing construction phase II on Vilnius-Kaunas highway 59 2012 Consortium Leader (Kauno Tiltai LT) 2 Highway A1 on the segment from "Strykow" node 219 2012 Consortium Leader (Poldim group) 3 Bridge contract on A-4 highway Szarow-Brzesko 46 2012 Subcontractor (Poldim group) 4 Vilnius Western bypass II stage 184 2014 Consortium Leader (Kauno Tiltai LT) 5

• A. Juozapavičiaus street reconstruction

45 2013 Consortium Leader (Kauno Tiltai LT) 6 Zamość-Jacnia-Wola Obszańska road construction 21 2012 Consortium Leader (Poldim group) 7 Bituminous surface of A4, part: Wierzchosławice - Krzyż 26 2012 Consortium Leader (Poldim group) 8 GDDKiA Kraków, Highway A4 155 2013 Consortium Leader (Poldim group) Total compensation for the Consortium 756

* assum ed LTL/PLN exchange rate of 1,2792

(PLN '000)

CONSOLIDATED INCOME STATEMENT 2011 2010 value variance % variance

Sales 2 143 586 491 163 1 652 423 336% Gross margin 94 842 69 494 25 348 36% as %of sales 4,4% 14,1%

• 9,8 pp

Cost of sales and overheads 80 973 27 021 53 952 200% Other operating activity 115 565 1 636 113 929 6964% EBIT 129 434 44 109 85 325 193% % of sales 6,0% 9,0%

• 2,9 pp

EBITDA 164 336 54 791 109 545 200% Financial activity

• 54 615

5 235

• 59 850
• Share of profit of assiociates

1 309

• 176

1 485

• Acquisition costs

1 342 8 364

• 7 022
• 84%

Gross profit 74 786 40 804 33 982 83% Tax 11 817 8 200 3 617 44% Net profit 62 969 32 604 30 365 93% Net profit attributable to shareholders of parent entity 109 417 32 586 76 831 236% EPS (attributable to shareholders of parent entity) 0,51 0,20 0,31 155% 491 2 144 300 600 900 1 200 1 500 1 800 2 100 2 400 2010 2011

Sales revenue (mPLN)

44 129 20 40 60 80 100 120 140 2010 2011

EBIT (mPLN)

33 63 20 40 60 80 2010 2011

Net profit (mPLN)

336% 193% 93%

Quarterly update: 2011 vs 2010

6

(PLN '000)

CONSOLIDATED INCOME STATEMENT Q4 2011 Q4 2010 value variance % variance

Sales 748 745 217 690 531 055 244% Gross margin 1 604 26 211

• 24 607
• 94%

as % of sales 0,2% 12,0%

• 11,8 pp

Cost of sales and overheads 27 767 7 771 19 996 257% Other operating activity 107 119 1 671 105 448 6310% EBIT 80 956 20 111 60 845 303% as % of sales 10,8% 9,2%

• 1,6 pp

EBITDA 93 180 22 889 70 291 307% Financial activity

• 28 459

2 777

• 31 236
• Share of profit of assiociates

2 319 1 226 1 093 89% Acquisition costs 72 8 364

• 8 292
• 99%

Gross profit 54 744 15 750 38 994 248% Tax 6 553 2 686 3 867 144% Net profit 48 191 13 064 35 127 269% Net profit attributable to shareholders of parent entity 95 390 13 046 82 344 631% EPS (attributable to shareholders of parent entity) 0,44 0,08 0,36 450% 218 749 100 200 300 400 500 600 700 800 Q4 2010 Q4 2011

Sales revenue (mPLN)

244% 23 93 10 20 30 40 50 60 70 80 90 100 Q4 2010 Q4 2011

EBITDA (mPLN)

307% 13 48 10 20 30 40 50 Q4 2010 Q4 2011

Net profit (mPLN)

269%

Quarterly update: Q4 2011 vs Q4 2010

7

(PLN '000)

CONSOLIDATED INCOME STATEMENT Q4 2011 Q3 2011 value variance % variance

Sales 748 745 726 545 22 200 3% Gross margin 1 604 46 760

• 45 156
• 97%

as % of sales 0,2% 6,4%

• 6,2 pp

Cost of sales and overheads 27 767 23 369 4 398 19% Other operating activity 107 119

• 1 218

108 337

• EBIT

80 956 22 173 58 783 265% as % of sales 6,0% 3,1%

• 3,0 pp

EBITDA 93 180 32 310 60 870 188% Financial activity

• 28 459
• 18 254
• 10 205
• Share of profit of assiociates

2 319

• 522

2 841

• Acquisition costs

72 72

• Gross profit

54 744 3 397 51 347 1511% Tax 6 553 2 472 4 081 165% Net profit 48 191 925 47 266 5110% Net profit attributable to shareholders of parent entity 95 390 972 94 418 9714% EPS (attributable to shareholders of parent entity) 0,44 0,44

• 727

749 100 200 300 400 500 600 700 800 Q3 2011 Q4 2011

Sales revenue (mPLN)

3% 32 93 20 40 60 80 100 Q3 2011 Q4 2011

EBITDA (mPLN)

1 48 10 20 30 40 50 Q3 2011 Q4 2011

Net profit (mPLN)

5110% 188%

Quarterly update: Q4 2011 vs Q3 2011

8

Order backlog (mPLN)

Order backlog + best offers (mPLN) 31.12.2011* PLN LTL EUR For 2012 For 2013+ 31.12.2011* Trakcja Tiltra S.A. & PRKiI Group

3 090 100,0% 0,0% 0,0% 1 260 1 830 3 128

Tiltra Group & Kauno Tiltai**

1 121 33,8% 65,9% 0,3% 643 478 1 156 Trakcja Tiltra Group 4 210 82,4% 17,5% 0,1% 1 903 2 308 4 283 Best offers and contracts awarded, not signed (Trakcja Tiltra S.A. & PRKiI Group) Region mPLN

TT 13 TT 25

Total 38

(*) contracts awarded

Best offers and contracts awarded, not signed (Tiltra Group & Kauno Tiltai) Region mPLN**

Poldim 16 PEUiM 19

Total 35

(*) contracts awarded (**) assum ed LTL/PLN exchange rate of 1,2792

Construction and trolleybus traction , the construction substations of "Kolejarz" and the reconstruction of street lighting in the streets: Unii Lubelskiej, Podzamcze, Unicka Construction road no 671 Janów - Korycin

(*) including contracts signed af ter December, 31 2011 (**) assumed LTL/PLN exchange rate of 1,2792

Construction of Trolley overhead contact system, pow er systems construction w ith Kolejarz traction substation, lightning system modernization in streets: Unii Lubelskiej, Podzamcze, Unicka and modernization of Unicka – Lubartow ska – Obyw atelska - Spółdzielczości Pracy streets in Lublin. Modernization of station Bytom-Karb, due to enable futher lifting of tracks and slips because of mining damage in km 20,0 to 21,8 for KW SA Section KWK „Bobrek-Centrum”

Order backlog

9

New contracts

10

Contracts signed in 2011:

Region mPLN*

1 Modernization of the railw ay line nr 9, section from km 236,920 to 287,700, during the Local Area Control Center, based in Malbork Trakcja Subgroup 814 2 Design and construction of Łódź Widzew station and part of a railw ay track Łódź Fabryczna – Łódź Widzew from km 2,250 to km 7,200 w ithin railw ay traffic control and telecommunication facilities for all section Łódź Fabryczna – Łódź Widzew and modernization of detour line Łódź Widzew – Łódź Chojny – Łódź Kaliska Trakcja Subgroup 239 3 Modernisation of line no. E59 Wrocław - Low er Silesian Voivodeship Border Trakcja Subgroup 206 4 Design and building a crossing in Rogów Trakcja Subgroup 13 5 Laying the foundations for the Integrated Communication Center in Poznań Trakcja Subgroup 13 6 Development of design documentation and implementation based on that construction project: „Modernization part of technical infrastructure of railw ay line nr 7 Warszaw a Wschodnia – Dorohusk w ithin Lublin Północny passenger stop and Św idnik station for better communication w ithin agglomeration Trakcja Subgroup 13 7 SKM Gdynia Trakcja Subgroup 9 8 Modernisation of the railw ay bridge in 139.100 km of the railw ay line no. 4 (CMK) Trakcja Subgroup 9 9 Roentgen installation in Hrubieszów Trakcja Subgroup 5 10 Other contracts of Trakcja Subgroup Trakcja Subgroup 22 11 Other contracts of Kauno Tiltai PL Subgroup Kauno Tiltai PL Subgroup 24 12 Vilniaus railroad bypass Kyviškės-Valčiūnai second road construction Kauno Tiltai LT Subgroup 273 13 Vilnius Western bypass II stage Kauno Tiltai LT Subgroup 178 14 A. Juozapavičiaus street reconstruction Kauno Tiltai LT Subgroup 45 15 Reconstruction of the follow ing roads of national importance: No. 144 Jonava)- Kėdainiai– Šeduva section from 50,20 to 52,40 km. (Kėdainių r.) No. 145 Kėdainiai – Šėta – Ukmergė section from 0,10 to 10,50 km (Kėdainių r.), No. 129 Antakalnis – Jieznas – Alytus – Merkinė section from 26,45 to 26,70 km (Prienų r.), No. 182 Marijampolė - Liudvinavas - Krosna section from 7.98 to 13.98 km and repair of the bridge over the Šešupė river kilometer 1.21 of that road (Marijampolės sav.) Kauno Tiltai LT Subgroup 38 16 Projects 2007-LT-91601-P "IA transport corridor development", agreement No. 1/2 Kauno Tiltai LT Subgroup 24 17 Closure of old dumps in Vilnius region, composting area Kauno Tiltai LT Subgroup 14 18 Vilniaus county regional w aste landfill. Construction of 2nd section Kauno Tiltai LT Subgroup 14 19 Logistics center in Dauparai - Kvietiniai, Klaipeda reg., construction of truck parking area and ground removal Kauno Tiltai LT Subgroup 9 20 Trans-European road netw ork E85. Construction of Southern road bypass of Vilnius. Contract No. 2 Kauno Tiltai LT Subgroup 7 21 Other contracts of Kauno Tiltai LT Subgroup Kauno Tiltai LT Subgroup 75 22 GDDKiA Kraków , Highw ay A4 Poldim Subgroup 155 23 Dragados, Bituminous surface of A4, part: Wierzchosław ice - Krzyż Poldim Subgroup 26 24 ZDW Lublin, provincial road no. 849 Zamość-Jacnia-Wola Obszańska Poldim Subgroup 21 25 Preparing and realisation of construction of provincial road nr 835 Lublin- border of province-Przew orsk-Kańczuga-Dynów -Grabow nic Poldim Subgroup 16 26 Building of A4, part Krzyż-Dębica, WA-122 i WD-115 Poldim Subgroup 15 27 Building of A2, MA - 280 Poldim Subgroup 14 28 Building of A2, WD - 277A Poldim Subgroup 11 29 Building of bypass of north-eastern Chrzanów Poldim Subgroup 11 30 ZDW Kraków , Rebuilding of provincial road no.964 part: Uście Solne - Rylow a Poldim Subgroup 8 31 UG Borzęcin, Design and performance of rebuilding of provincial road in Borzęcin Poldim Subgroup 5 32 Other contracts of Poldim Subgroup Poldim Subgroup 196

Total 2 522

* excluding conditional am

• unt

* assum ed LTL/PLN exchange rate of 1,2775

New contracts

11

Contracts signed in 2012:

Region mPLN*

1 Modernizacja sieci trakcyjnej obejmująca przebudow ę 22,500 tkm w torach 1 i 2 oraz korekta 3 łuków w torze nr 2 w km 8,236-9,338; 13,694-14,195; 22,426-23,761 w ramach modernizacji sieci trakcyjnej na odc. Kozłów - Starzyny dla zadania Modernizacja linii kolejow ej Nr 64 Psary-Kozłów Trakcja Subgroup 14 2 Other contracts of Trakcja Subgroup Trakcja Subgroup 2 3 Construction of a bridge betw een Juozapavicius str. and Tilto str. Kauno Tiltai LT Subgroup 109 4 110 kV orinės elektros perdavimo linijos pakeitimas kabeline nuo L. Asanavičiūtės g. iki Ozo g Kauno Tiltai LT Subgroup 43

Total 168

* excluding conditional am

• unt

* assum ed LTL/PLN exchange rate of 1,2792

Announced and started tenders Offer value mPLN* Currency Contract type Tendering date Notes 1 Construction of Trolley overhead contact system, pow er systems construction w ith Kolejarz traction substation, lightning system modernization in streets: Unii Lubelskiej, Podzamcze, Unicka and modernization

• f Unicka – Lubartow ska – Obyw atelska - Spółdzielczości Pracy streets in Lublin.

13 PLN delivery 06 February 2012 TT no 1 2 Design and execution of w orks of task: Modernization of railw ay line E75 Rail Baltica Warsaw – Białystok – border w ith Lituania, faze I, section Warsaw Rembertów – Zielonka – Tłuszcz (Sadow ne) 1 500 PLN build 17 February 2012 TT no 7 3 Infrastructure for Special Economic Area on Felin in the city of Lublin - faze II 32 PLN build 09 March 2012 TT no 7 4 Modernization of station Bytom-Karb, due to enable futher lifting of tracks and slips because of mining damage in km 20,0 to 21,8 for KW SA Section KWK „Bobrek-Centrum” 25 PLN build 16 March 2012 TT no 1 5 Modernization of civil engineering facilitieson 64 railw ay line – Kozłów – Starzyny 31 PLN build 16 March 2012 Poldim Group 6 Modernization and expansion of voivodeship road nr 835 and nr 858 in Biłgoraj 21 PLN build 16 March 2012 Poldim 7 Construction of new tw o-level crossings w ith other related infrastructure on the area of LCS Działdow o, including under track crossing on km 147,390; under track crossing on km 147,955; road viaduct on km PLN build 26th September 2011 PRKiI No 9 8 Redevelopment of the railw ay line no 179 for a distance of Tychy-Górki Ściernie PLN design and build 23th January 2012 PRKiI No 12 9 Bypass Olkusz - second stage 26 PLN build 03-02-2012 Poldim No. 8 10 Construction and trolleybus traction , the construction substations of "Kolejarz" and the reconstruction of street lighting in the streets: Unii Lubelskiej, Podzamcze, Unicka 16 PLN build 06-02-2012 Poldim No. 1 11 Construction of tw o new bridges over the river Naw ojow ska 10 PLN build 10-01-2012 Poldim group No. 9 12 Reconstruction of the construction and repair of county roads no. 1447K Muchow ka-Porabka Iw kow ska, 2075K Lipnica Murow ana-Zegocina, 2095K Trzciana-Lakta Gorna 5 PLN build 10-02-2012 Poldim No. 8 13 Expansion of the provincial road No 882 Lublin - Airport Sw idnik 64 PLN build 10-02-2012 Poldim No. 7 14 The creation of economic zones 7 PLN build 13-01-2012 MK-Bud&Poldim No. 5 15 Construction of the bypass Mielec in the provincial road No. 985 Nagnajow -Debica 32 PLN build 15-02-2012 Poldim group No. 11 16 Expansion of the provincial road No. 877 Naklik-Lezajsk-Lancut-Dylagow ka-Szklary 51 PLN build 17-02-2012 Poldim group No. 12 17 Construction of new bridge over the river in Rudaw a 6 PLN build 26-01-2012 Poldim group No. 7 18 Reconstruction of roads in the tow n Pelnatycze 5 PLN build 27-01-2012 Poldim group No. 7 19 Palanga bypass Build + PPP Kauno Tiltai 20 3rd stage of South bridge construction (from Bauskas str. To Ziepniekalna str.) Build Kauno Tiltai 21 Tilto per Jūrą valstybinės reikšmės krašto kelio Nr. 141 Kaunas–Jurbarkas–Šilutė–Klaipėda 127,46 km rekonstravimas Build Kauno Tiltai no 1 22 Replacement of 110 kV overhead line w ith cable line from L. Asanavičiūtės g. till Ozo g street Build Kauno Tiltai no 1 Total 1 844

Pending tenders

12

Announced tenders Currency Contract type Expected tendering date Region Railway projects 1 Construction of track to Św idnik Airport Lublin SA together w ith infrastructure (w ithout signaling) PLN build 23 March 2012 TT 2 Construction of road tunnel w ithin Wojska Polskiego - Orla Street under railw ay tracks in Ząbki PLN build 27 March 2012 TT 3 Construction of railw ay stop Wilno in Warsaw for DOM Development Company PLN build 02 April 2012 TT 4 Design and execution of w orks for task: "Modernization of 233 railw ay line Czerw onka - Ełk section Orzysz - Ełk in km 85,300 - 120,739 PLN design and build 05 April 2012 TT 5 Design and execution of w orks for task: Technical Depot w ithin Project "Construction of agglomeration rail in Łódź" PLN design and build 26 April 2012 TT 6 Design and execution of w orks for task: „Modernization of 237 railw ay line Lębork – Maszew o Lęborskie” PLN design and build 26 April 2012 TT 7 Modernization of railw ay infrastructure for Ostrołęka C Pow erhouse. PLN design and build 30 April 2012 TT 8 Construction of new tw o-level crossings on the area of LCS Ciechanów : road viaduct on km 128,152; road viaduct on km 130,476, Tender 2Ga - in the framew ork of project : "Modernisation railw ay line E- 65/CE-65, railw ay line section Warszaw a-Gdynia-area of LCE Ciechanów " PLN build 9 February 2012 PRKiI 9 Restructuring of railw ay systems along w ith the infrastructure accompanying on the railw ay line E 59 segment Czempiń - Poznań in the framew ork of project POIiŚ 7.1 - 5.1 "Modernization of the E59 railw ay line at the segment Wrocław Poznań , stage III, segment Czempiń - Poznań". PLN build 17 February2012 PRKiI 10 Construction of new tw o-level crossings w ith other related infrastructure on the area of LCS Działdow o, w ithin a task POIiŚ 7.1-41 "Modernisation railw ay line E-65/CE-65, railw ay line section Warszaw -Gdynia- area of LCE Działdow o" - Tender 2E PLN build 24 February 2012 PRKiI 11 „Design and execution of w ork w ithin the Project POIiŚ 7.1-45 „Improve the quality of transport services by improving the technical condition of the railw ay line No 18 Kutno - Piła the episode Toruń - Bydgoszcz”” PLN design and build 17 February2012 PRKiI 12 Redevelopment of the railw ay infrastructure on line 131-Kozuby trail Chociw , Łask County, in the framew ork of "An objectively-financial exploitation of the resources of the Fund by rail in 2012" PLN design and build 9 March 2012 PRKiI

Planned projects

13

Announced tenders Currency Contract type Expected tendering date Region Road projects 1 LTL 1H 2012 Kauno Tiltai 2 LTL 1H 2012 Kauno Tiltai 3 LTL 1H 2012 Kauno Tiltai 4 Construction of north bypass in Sędziszów Małopolski - faze I : Construction of connection Fabryczna Street – Gumat – in km 0+000 - 0+700 together w ith necessary technical devices PLN build 22 March 2012 Poldim 5 Construction of w est bypass of Now y Sącz - connection of Brzezno City w ith National road nr 28. (POLDIM) PLN build 26 March 2012 Poldim 6 Construction of new crossings LCC Ciechanów – Road viaduct PLN build 04 April 2012 Poldim Mosty 7 Construction of a pedestrian w alkw ay at the district road No 1223R and 1224R PLN build 02 March 2012 Poldim group 8 Repairs of bitumen roads PLN build 02 March 2012 Poldim 9 Reconstruction of the county road Dobczyce-Stadniki-Gdow No. K1956. PLN build 02 March 2012 Poldim 10 Expansion of the provincial road No. 776 from the border region to Busko-Zdroj along w ith the renovation

• f the bridge over the River Nida

PLN build 02 March 2012 Poldim 11 Repairs of roads in the Municipality Boguchw ała in 2012 PLN build 05 March 2012 Poldim group 12 Design w orks - tow n Lopuszka Mala, PLN build 06 March 2012 Poldim Group 13 Design w orks - tow n Pelnatycze PLN build 06 March 2012 Poldim Group 14 Repair of bituminous pavement on the roads of county in 2012 PLN build 07 March 2012 Poldim Group 15 Building a car park at. Sportow ej in Mielec PLN build 07 March 2012 Poldim Group 16 Reconstruction of the district road No 1110R PLN build 08 March 2012 Poldim Group 17 Design and execution of reconstruction of the Rynek in Pilzno and the intersections of adjacent streets PLN build 08 March 2012 Poldim Group 18 Renovation of the municipal road in Sarnow ie PLN build 08 March 2012 Poldim Group 19 Expansion of the provincial road No. 985 Nagnajow - Debica of provincial road No. 872 Loniow - Majdan Krolew ski PLN build 08 March 2012 Poldim Group 20 Expansion of the Pajeczej street in Krakow PLN build 08 March 2012 Poldim 21 Infrastructure for the economic zone on the Felin in Lublin - second stage PLN build 09 March 2012 Poldim 22 Reconstruction and expansion of provincial roads No 835 and No 858 in Bilgoraj PLN build 09 March 2012 Poldim 23 Repair of communication over the roads in Wolbrom K120566 PLN build 09 March 2012 Poldim 24 Expansion of county road nr1251K the Małopolska Regional Operational Programme 2007-2013 PLN build 09 March 2012 Poldim 25 Reconstruction of county roads No. 1307K Sw arzów - Mędrzechów - Delastow ice and No. 1314K Podborze - Smęgorzów PLN build 14 March 2012 Poldim 26 Repair of Debow ej street connecting the city center Niepolomice w ith the railw ay station in Staniatki PLN build 14 March 2012 Poldim 27 Construction of the bypass Now y Sacz PLN build 14 March 2012 Poldim Reconstruction of Radzinauskas bridge Gravel roads asphalt w orks Repair and reconstruction of streets and roads in different Lithuanian municipalities

Planned projects

14

Planned projects

15

Tenders planned to be announced in 2012 Currency Contract type Expected announcement date Region Railway projects 1 The design and execution of w ork for the task "redevelopment of the railw ay line no 131 Chorzów Batory- Tczew , Bydgoszcz-Tczew " episode Homepage PLN design and build 1 H 2012 PRKiI 2 The design and execution of w ork for the task "redevelopment of the railw ay line no 131 Chorzów Batory- Tczew , episode Inow rocław -Zduńska Wola-Chorzów Batory" PLN design and build 1 H 2012 PRKiI 3 Modernisation of the railw ay line no 8 for a distance of Radom-Skarżysko-Kamienna, stage II PLN build 1 H 2012 PRKiI 4 Reconstruction of stations Szeligi PLN build 1 H 2012 PRKiI 5 Modernization of engineering for a distance of Grodzisk Mazow iecki-Szeligi PLN build 1 H 2012 PRKiI 6 The lining of the track team of DPUS at distance of Grodzisk Mazow iecki-Szeligi and trail Olszamow ice- Włoszczow a Norte, Knapów ka-Psary, Góra Włodow ska-km 214,00 PLN build 1 H 2012 PRKiI 7 Winding journey kat B through the construction of a cross-tier trail Olszamow ice-Włoszczow a Norte km 127,190 PLN build 1 H 2012 PRKiI 8 Winding journey kat A through the construction of a cross-tier trail Olszamow ice-Włoszczow a Norte km 147,548 PLN build 1 H 2012 PRKiI 9 Winding journey kat Athrough the construction of a cross-tier trail Szeligi-Biała Raw ska km 32,935 PLN build 1 H 2012 PRKiI 10 Winding journey kat A through the construction of a cross-tier trail Olszamow ice-Włoszczow a Norte km 132,853 PLN build 1 H 2012 PRKiI 11 Winding journey kat A through the construction of a cross-tier trail Olszamow ice-Włoszczow a Norte km 129,357 PLN build 1 H 2012 PRKiI 12 Modernization of engineering on line 64 section Kozłów -Starzyny PLN build 1 H 2012 PRKiI 13 Reconstruction engineering on line 140 route Leszczyny-Rybnik PLN build 1 H 2012 PRKiI 14 Redevelopment of the railw ay infrastructure in Pyskow ice and trail Pyskow ice-Paczyna. Reconstruction of w iaduktu in km 67,918 station Strzelce Opolskie PLN build 1 H 2012 PRKiI 15 Reconstruction of steel bridge on the River Wisłok in track No. 2 PLN build 1 H 2012 PRKiI