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 • 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 2

Structure of the Trakcja Tiltra Group TRAKCJA - TILTRA S.A. - electrification - power engineering - production of substation equipment and components 100% 100% 82,35% 100% 96,84% 0,48% Przedsiębiorstwo Robót Kolejowych PRK 7 Nieruchomości TORPROJEKT Tiltra Group AB AB Kauno Tiltai i Inżynieryjnych S.A. Sp. z o.o. Sp. z o.o. - electrification construction of roads, bridges, - track structure and substructure - real-estate development - project documentation - holding entity tunnels, railways, airports, water ports, utilities infrastructure, - engineering structures production of construction materials 50% 77% 100% 22% Silentio Investments 1% Bahn Technik Wrocław Sp. z o.o. AB Kauno Tiltai Lenkijos skyrius Sp. z o.o. 85,85% - rail bonding and welding UAB Kelda 100% AB Kauno Tiltai TUB konsorciumas 100% 100% Tiltra Poldim S.A. UAB Verksioniu karjeras 100% - construction of roads, bridges - maintenance of the roads AB Kauno Tiltai TUB konsorciumas - production of construction Tiltra Lenkijos skyrius materials 75,1% UAB Pletros investicijos 75% 99,5% NRR Grupa P.E.U.I.M. Sp. z o.o. POLDIM Sp. z o.o. 100% UAB Kedainiu automobiliu - construction of roads 94,93% keliai Poldim Mielec Sp. z o.o. 100% 100% UAB Taurakelis Brux Sp. z o.o. 50,54% Poldim Dębica S.A. 100% 100% PT Kruszywa Dalba Sp. z o.o. 100% Sp. z o.o. Poldim Mosty Sp. z o.o. 94,62% PDM Białystok S.A. 25% PD LAMBDAR Sp. z o.o. 57,78% PDM w Brzesku Sp. z o.o. 3

Current Projects Key projects of Trakcja Tiltra Group in railway works: Compensation Item Project for the Consortium Scheduled completion date The Group's role (PLN m)* Modernisation of the E-65 LCS Ciechanów line; LOT A – Gąsocin and Ciechanów Stations; Lot B – Świercze – Gąsocin and Subcontractor 1 144 2011 Gąsocin – Ciechanów routes (TT S.A.) Consortium Leader 2 Reconstruction at the east side of Poznań Railway Station encompassing platforms 1, 2 and 3, platform roofs and stairways 37 2012 (PRKiI S.A.) Consortium Leader 3 Modernisation of railway line no. 223 Czerwonka – Ełk, on the Orzysz – Ełk section at km 85.300 ¸ 120.739 40 2012 (TT S.A.) Modernisation of railway line No. 358 on section Zbąszynek – Czerwieńsk with construction of railway siding Pomorsko – Consortium Leader 4 58 2012 Przylep bypassing Czerwieńsk station – Stage I (PRKiI S.A.) Consortium Leader 5 Modernisation of the E65/C-E65 railway line, Warsaw - Gdynia section - area of LCS Działdowo 741 2012 (TT S.A.) Construction of an integrated node in the area of the stadium for Euro 2012 - Euro 2012 Stadium node - the task 5.2 of the Consortium Leader 6 40 2012 project: Integrated System of Rail Transport in the Aglomeration and in Wrocław (PRKiI S.A.) Consortium Leader 7 Modernization of railway system and elements of railway infrastructure in the area of station Wroclaw Glowny 45 2012 (PRKiI S.A.) Design and execution of construction works on the railway line Kraków - Medyka-state border, section Podłęże - Bochnia from Consortium Leader 8 589 2014 km 16,000 to 39,000 (TT S.A.) Tramline construction „Chełm – Nowa Łódzka” within Gdańsk City Transportation Project – faze III A and construction of Nowa Subcontractor 9 35 2012 Łódzka Street in Gdansk (TT S.A.) Consortium Leader 10 Modernization of the E 30 railway line, section: Jaworzno Szczakowa - Trzebinia 300 2014 (PRKiI S.A.) Consortium Leader 11 Design and performance of construction Works on the railway line Sędziszów Małopolski – Rzeszów Zachodni 298 2014 (PRKiI S.A.) Consortium Leader 12 The design and performance of construction works on railway tracks: Dębica – Sędziszów Małopolski 409 2013 (PRKiI S.A.) Consortium Leader 13 Modernisation of line no. E59 Wrocław - Lower Silesian Voivodeship Border 206 2014 (PRKiI S.A.) Modernization of the railway line nr 9, section from km 236,920 to 287,700, during the Local Area Control Center, based in Consortium Leader 14 816 2013 Malbork (TT S.A.) Design and construction of Łódź Widzew station and part of a railway track Łódź Fabryczna – Łódź Widzew from km 2,250 to Consortium Leader 15 km 7,200 within railway traffic control and telecommunication facilities for all section Łódź Fabryczna – Łódź Widzew and 239 2014 (TT S.A.) modernization of detour line Łódź Widzew – Łódź Chojny – Łódź Kaliska Consortium Leader 16 Railway from Radviliskis to Pagegiai modernization 100 2012 (Kauno Tiltai LT) Consortium Leader 17 Vilniaus railroad bypass Kyviškės-Valčiūnai second road construction 274 2014 (Kauno Tiltai LT) Total compensation for the Consortium 4 371 * assum ed LTL/PLN exchange rate of 1,2792 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 . 4

Current Projects Key projects of Trakcja Tiltra Group in civil works: Compensation Item Project for the Consortium Scheduled completion date The Group's role (PLN m) Consortium Leader 1 Jakai crossing construction phase II on Vilnius-Kaunas highway 59 2012 (Kauno Tiltai LT) Consortium Leader 2 Highway A1 on the segment from "Strykow" node 219 2012 (Poldim group) Subcontractor 3 Bridge contract on A-4 highway Szarow-Brzesko 46 2012 (Poldim group) Consortium Leader 4 Vilnius Western bypass II stage 184 2014 (Kauno Tiltai LT) Consortium Leader 5 A. Juozapavičiaus street reconstruction 45 2013 (Kauno Tiltai LT) Consortium Leader 6 Zamość-Jacnia-Wola Obszańska road construction 21 2012 (Poldim group) Consortium Leader 7 Bituminous surface of A4, part: Wierzchosławice - Krzyż 26 2012 (Poldim group) Consortium Leader 8 GDDKiA Kraków, Highway A4 155 2013 (Poldim group) Total compensation for the Consortium 756 * assum ed LTL/PLN exchange rate of 1,2792 5

Quarterly update: 2011 vs 2010 (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% Sales revenue (mPLN) EBIT (mPLN) Net profit (mPLN) 129 140 80 2 400 2 144 63 2 100 120 60 1 800 100 1 500 193% 80 93% 336% 1 200 40 33 60 44 900 491 40 600 20 20 300 0 0 0 2010 2011 2010 2011 2010 2011 6

Quarterly update: Q4 2011 vs Q4 2010 (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% Net profit (mPLN) EBITDA (mPLN) Sales revenue (mPLN) 48 93 749 100 50 800 90 700 80 40 600 70 307% 500 244% 269% 60 30 50 400 40 20 300 218 13 23 30 200 20 10 100 10 0 0 0 Q4 2010 Q4 2011 Q4 2010 Q4 2011 Q4 2010 Q4 2011 7