20.02.2014
4
Profile
DIMENSION & HISTORY
• 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
INTERNATIONAL PROFILE
• 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
MAIN ACTIVITY
• 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)
5
90 Years of History
6
Strategy
THREE MAIN PILLARS OF SOARES DA COSTA’S STRATEGY
CORE BUSINESS:
CONSTRUCTION
FINANCIAL
SUSTANTABILITY
INTERNATIONALIZATION
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
Support and,
simultaneously, booster of
the Group’s strategic
activities growth and
development
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
7
TURNOVER
SDC’s KPI
EBITDA
802 million
103 million
NET INCOME Recurrent
-11.5 million
-8%
+7.5%
-121%
International Turnover
565 million
EBITDA Margin Recurrent
12.8%
ORDER BOOK
1,048 million
+4%
+1.9 p.p.
80% international market
Notes:
(1) Figures in million Euros, for full-year 2012.
(2) Variations to the consolidated figures of full-year 2011.
8
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)
SDC in figures
Domestic
International
944
894
835
551
417
874
802
494
513
545
565
372
Energia P. and
Holding
0.2%
418
Real Estate
2.3%
380
329
2010
2011
179
2007
Concessions
19.5%
2008
2009
237
2012
+46%
Construction
78.0%
Figures in million euros
450
 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
9
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
EBITDA
EBITDA margin
86
10,3%
86
9,1%
88
9,9%
94
10,8%
Real estate
72
9,0%
Construction
6,6%
Concessions
Figures in million Euros
36
2007
2008
2009
2010
2011
2012
Net Earnings
Dividends (ordinary shares)
16
12
11
8 8
7
3
0
(*) Proportional consolidation of Beira Interior motorway concession from
2008 onwards
2
0
0
-12
2007
2008
2009
2010
2011
2012
10
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
5,791
Non
Qualified
15%
5,952
5,549
5,542
Directors
Senior
1%
Management
8%
Middle
Management
14%
4,510
Qualified
62%
Workers in
Portugal
37%
2008
2009
2010
2011
2012
Workers in
the
International
Markets
63%
11
We initiated our
international activity in
the 80’s, in Venezuela,
Angola and GuineaBissau, expanding to
other markets later on.
30 YEAR OF
TRACK RECORD
IN THE
INTERNATIONAL
MARKET
Turnover (2012)
Mozambique
8%
U.S.
16%
Angola
44%
International activity
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.
Order Book (December 2012)
Other 3%
Other
15%
Portugal
29%
Portugal
20%
Mozambique
11%
U.S.
14%
Angola
40%
12
494
372
565
545
513
International activity
International Turnover’s Evolution
417
 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
2007
2008
2009
2010
2011
2012
Figures in million euros
345 325 354
306 327
80
65
228
95
See Note
+52%
2007 2008 2009 2010 2011 2012
+55%
23
22
2007 2008 2009 2010 2011 2012
+292%
126
84
79
51
48
61
38
17
114
32
40
2007 2008 2009 2010 2011 2012
+32%
25
21
2007 2008 2009 2010 2011 2012
-34%
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
13
CONSTRUCTION
CONCESSIONS
The Group’s activities
REAL ESTATE
ENERGY
Portugal (mainland and
islands) , Angola,
Mozambique, U.S.,
Brazil, Romania, S. Tomé
& Príncipe
Portugal, Mozambique,
Portugal, Angola
2012: 78% of turnover
and 49% of consolidated
EBITDA
2012: 20% of turnover
and 46% of consolidated
EBITDA
2012 : 2% of turnover and
5.5% of consolidated
EBITDA
2011: <1% of
consolidated turnover
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
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
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
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
Portugal, Spain, UK and
Mozambique
14
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).
Board of Directors
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
CFO: Gonçalo Andrade Santos
Member of the board of directors since
October 2006 and member of the executive
committee since January 2008.
Shareholder Structure (% capital)
Free float
18%
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.
Parinama
11%
Investifino
71%
15
Contacts
SOARES DA COSTA GROUP
e-mail: geral@soaresdacosta.pt website: www.soaresdacosta.pt
Portugal | Porto: Rua de Santos Pousada, 220
4000-478 Porto | Portugal
Tel.: +351 228 342 200
Fax: +351 228 342 641
geral@soaresdacosta.pt
Portugal | Lisbon: Rua Julieta Ferrão, 12, 13º andar
1649-039 Lisboa | Portugal
Tel.: +351 217 913 200
Fax: +351 217 958 484
geral@soaresdacosta.pt
Angola: Rua Cónego Manuel das Neves, 19
Kinaxixi, Luanda | Angola
Tel.: + 244 222 447 360
Fax: + 244 222 447 236
comercial@soaresdacosta.co.ao
Mozambique: Av. Ho Chi Min 1178, 2º andar
Maputo | Moçambique
Tel.: + 258 21 431 059
Fax: +258 21231653
scosta.sec@teledata.mz
USA | Soares da Costa America Inc.: 6205 Blue Lagoon Drive, Ste 310
Miami, Florida 33126 USA
Tel.: +1 305 592 9399
aesteves@soaresdacostausa.com
USA| Prince Contracting LLC: 10210 Highland Manor Dr., Ste 110
Miami, Florida 33610 USA
Tel.: +1 813 699 59 00
acferreira@prince-sdc.com
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
scosta_stp@cstome.net
Romania: Strada Episcop Chesarie, nº15, Tronson A
040183 Bucuresti | Romania
Tel.: + 4 0372 747 777/8/9 - Fax: + 4 0372 870 595
office.bucharest@soaresdacosta.ro
2
Construction
WHAT WE DO ?
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
WHERE WE ARE?
. Portugal (mainland and islands)
. Angola
. Mozambique
. United States (Florida, Georgia)
. Brazil
. Others: Romania, S. Tomé & Príncipe, Oman, Venezuela
3
Construction
WHICH ARE OUR MAIN SUBSIDIARIES?
Sociedade de Construções Soares da Costa, SA
Prince Contracting, LLC
CLEAR Angola – Instalações Electromecânicas, Lda
CLEAR - Instalações Electromecânicas, SA
Somafel - Engenharia e Obras Ferrovárias, SA
OFM - Obras Públicas, Ferroviárias e Marítimas, SA
4
Construction – Quality, Environment & Security
CERTIFICATIONS
Soc.de Construções Soares da Costa, SA
CLEAR - Instalações Electromecânicas, SA
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
5
Construction – Quality, Environment & Security
QUALITY MANAGEMENT AT SOARES DA COSTA
• 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):
2009
78%
81%
73%
80%79%
84%
77%
81%
2010
77%
2011
75%
69%
76%
83%81%
85%
90%92%
57%
Soc. Construções Soc. Construções Contacto - Works Contacto - Works Clear - Works in
SDC - Works in
SDC - Works in
in progress
on guarantee
progress
progress
guarantee period
period
Clear - Technical
assistance and
maintenance
6
Construction – Quality, Environment & Security
ENVIRONMENTAL MANAGEMENT AT SOARES DA COSTA
• 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
Energy Consumption
(gigajoules)
Water Consumption
(m3)
55,981
58,934
Waste Production
(tonnes)
43,846
49,822
37,239
8,283
2011
2012
2011
2012
2011
2012
7
Construction – Quality, Environment & Security
HEALTH & SECURITY MANAGEMENT AT SOARES DA COSTA
• 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
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%
8
Construction – Some Works
EDUCATION, CULTURE AND SPORT INFRAESTRUTURES
Macau’s Cultural Center
(China)
1999 | €75 million
16.035m2 construction area
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
Algarve Stadium (Portugal)
2004 | €22 million
Football stadium with 30,000
covered seats
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
Olympic Village
(Mozambique)
2011 | €144 million
Urban infrastructures (roads,
sewage and electricity), 848
apartments, an elevated
reservoir, Olympic swimming
pool and ceremonial park.
9
Construction – Some Works
RESIDENTIAL, OFFICE AND COMMERCIAL BUILDINGS
Marina Blue (EUA)
2007 | €90 million
Residential building with
parking, 60 floors and 515
apartments
Sonangol Headquarters
(Angola)
2008 | €106 million
Office building with 24 floors
and 3-floor parking, including
a commercial area, refectory,
library, auditorium and
heliport
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.
IKEA Loures (Portugal)
2009 | €30 million
Demolition, earthworks,
retaining walls, foundations,
structure, facades, coverage
and access roads
10
Construction – Some Works
RESIDENTIAL, OFFICE AND COMMERCIAL BUILDINGS
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
Total TTA2 (Angola)
2013 | €157 million
Office building with 3 parts:
Tower Building, Parking
Building e Utility Building,
including an auditorium with
400 seats
Dipanda Towers (Angola)
2013 | €56 million
Two multifunctions
buildings, with 13 floors
above the ground and a total
construction area of
36,700m2
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
11
Construction – Some Works
HOTELS AND TOURISM INFRAESTRUTURES
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.
Sana Luanda Royal Hotel
(Angola)
2011| €39 million
28 floors hotel of which 3
floors underground
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
12
Construction – Some Works
INDUSTRIAL INFRAESTRUTURES
LNG Sines Terminal (Portugal)
2003 | €8 million
Civil construction works and
underground pipelines to the
liquified gas terminal
GRN Terminal Containers
(Portugal)
2009 | €13 million
Including an office building with
two floors, a support building
and an industrial warehouse
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
13
Construction – Some Works
REHABILITATION OF INFRASTRUCTURES
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
14
Construction – Some Works
HEALTHCARE INFRAESTRUTURES
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
15
Construction – Some Works
AIRPORTS
Macau International Airport
(China)
1997 | €195 million
Terminal with 45,000m² of
covered area, parking, apron,
access roads and bridges,
taxiways and control tower
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
16
Construction – Some Works
ROADS AND MOTORWAYS
Beira Interior MotorwayA23 (Portugal)
2003 | €582 million
Motorway in the Beira
Interior region, with a total
length of 130 km, divided in
five stretches
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
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
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
17
Construction – Some Works
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
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
I-595 - Section A&B (FL, U.S.A.)
I75 - BIBB County (GA, U.S.A.)
2014E | €64 million
2013E | €44 million
Reconstruction of SR84 road,
Widen by 3.65 miles (5.9km) of
widen of I-595 road,
the existing road; construction
construction of 4.3 miles (6.9km) of 7 bridges and installing video
of reversible lanes at I-595 road
detection systems at
intersections
Road N221 – II e III
(Mozambique)
2013E | €59 million
Rehabilitation (design & built)
of several stretches of the road,
totalling 187km
Tete New Bridge
(Mozambique)
2013E | €46 million
Bridge over the Zambeze
river with 715m, access
bridge with 865m and access
road with 13.5km
18
Construction – Some Works
RAILWAY & SUBWAY INFRASTRUCTURES
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
North Line, Quintães-Ovar
Stretch (Portugal)
2005 | € 88 million
Modernisation of the North Line,
stretch 3.2 between QuintãesOvar, in a total length of 31.3km.
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
19
Construction – Some Works
HYDRAULIC INFRAESTRUTURES
Alqueva Dam Capacity Increase
(Portugal)
2010 | €49 million
Capacity increase similar do
Alqueva phase I: two reversible
groups with 130MW each
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
Water Pipeline Pisão - Alqueva
(Portugal)
2010 | €15 million
Pipeline with 8.000m between
Ferreira reservoir and Penedrão dam
20
Construction – Some Works
ENVIRONMENTAL INFRAESTRUTURES
Sewage System (Barbados)
2003 | €41 million
Main collector with 21km;
connection to private
properties of 7km; 4
treatment stations
ETAR in Ave (Portugal)
2010 | €21 million
Residual Waters Treatment
Station with capacity for 42,935
m3/day, equivalent to 258
thousand inhabitants
Simarsul – ETAR in Barreiro/
Moita (Portugal)
2010 | €17 million
Residual Waters Treatment
Station, constituted by
treatment buildings in
concrete, and an exploration
building
Organic Waste Treatment
Station in Seixal (Portugal)
2012 | €14 million
New treatment station with
capacity for 40,000 tons of
residues / year
21
Construction – Some Works
URBAN INFRAESTRUTURES
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
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)
Luanda Seaside Area(Angola)
2012 | €94 million
Intervention in a 2.400m area,
including roads, water
containment and a bridge with
circa 140m
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
2
Concessions
WHAT WE DO ?
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
WHERE WE ARE?
. Concessions in operation or in construction phase:
Portugal
Mozambique
S. Tomé & Principe
. Business development and bid phase:
U.S. (Florida, Georgia)
South America (Brazil)
3
Concessions
WHICH ARE OUR MAIN SUBSIDIARIES?
SCUTVIAS – Auto-estrada da Beira Interior, SA
ELOS – Ligações de Alta Velocidade, S.A.
Estradas do Zambeze, SA
Auto-estradas XXI – Subc. Tranmontana, SA
C.P.E. – Companhia de Parques de Estacionamento, SA
4
Concessions – Motorways & Roads
Beira Interior – A23
(Portugal)
180km | Real toll
motorway; Concession
Period: 30 years; Total
Investment: €819 million; In
operation
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
Tete Bridge and Roads
(Mozambique)
700km | Real toll bridge;
Concession Period: 30
years; Total Investment:
€170 million; Under
construction
5
Indáqua (Portugal)
Water distribution and sewage;
Served Population: 565 thousand;
Concessions Period: between 25
and 50 years; Total Investment
€245 million; In operation
Concessions – Other Projects
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
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
6
Concessions – The Future
A long term activity...
Beginning of Concession Period
End of Concession Period
Indáqua Fafe
Indáqua Feira
HidroEquador
A23 Beira Interior
Indáqua Matosinhos
Indáqua Trofa/S. Tirso
AE Transmontana
Estradas e Ponte de Tete
Indáqua Vila Conde
1990
2000
2010
2020
2030
2040
2050
7
Concessions – Some Figures
SDC’s Concessions in Figures (2012)
Concession
Contracts
Roads and
Motorways (km)
35
Parking (# places)
9,757
Small hydro plants
(MW) *
1,036
60
Water and Sewage** Turnover
600,000
157 million Euros
* Total contracted power ; ** Served Equivalent Population
2
Real Estate
WHAT WE DO ?
. Management of Soares da Costa Group real estate portfolio
. Promotion (design, project, licensing) and implementation of residential and services real
estate projects
WHERE WE ARE?
. Portugal
. Angola
3
Real Estate
WHICH ARE OUR MAIN SUBSIDIARIES?
Ciagest - Imobiliária e Gestão, SA
Soarta - Soc. Imobiliária Soares da Costa, SA
Soares da Costa Imobiliária Angola, Lda
Cais da Fontinha - Investimentos real estates, SA
Habitop-Sociedade Imobiliaria. Lda
4
Real Estate – Portfolio
PORTUGAL
Soares da Costa
Headquarters (Porto,
Portugal)
2006 | Reconversion of
Oporto Center; 11.8
thousand m2
Soarta Santo Amaro (Lisboa,
Portugal)
2010 | Residential real
estate project with 2.2
thousand m2
Soarta República
(Matosinhos, Portugal)
2007 | Residential
real estate project with 9
thousand m2
Cais da Fontinha (Gaia,
Portugal)
2010 | Rehabilitation of
several degraded buildings,
22 residential units, 3.9
thousand m2
5
Real Estate– Portfolio
ANGOLA
Talatona Residences (Luanda,
Angola)
2011 | Residencial private
condominium with garden and
leisure facilities, 132 residencial
units, 17 thousand m2
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
2
Energy Services – Self Energy
FIRST PORTUGUESE ESCO
• 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
AN INTERNATIONAL COMPANY
• 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
3
Energy Services – Self Energy
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%).
NAVES
InovCapital
2%
14%
PROMOTERS / FUNDING SHAREHOLDERS continue
to be part of the company’s management
Promoters
27%
Soares da
Costa Group
57%
4
Energy Services – Self Energy : Skills
EPC
ENERGY
AUDITING
MICROGERATION
ENERGY
CERTIFICATION
ESCO
5
EPC
Energy Services – Self Energy
PHOTOVOLTAIC CENTRALS AND MICROGENERATION
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
ESCO
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)
SAVE
EE = Energy Efficiency
PRODUCE
ER = Local Production using a Renewable Source
SALE
PRE = Special Production Regime with Sale to the Grid
6
ENERGY AUDITING
Energy Services– Self Energy
• 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 CERTIFICATION
• 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
MICROGENERATION
• 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
CERTIFICAÇÃO
to obtain efficiency
ENERGÉTICA
• Portfolio includes solar energy, photovoltaic, wind projects
7
Energy Services – Self Energy : Portfolio
PORTUGAL
• 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
SPAIN
• 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
OTHER
EUROPEAN
COUNTRIES
• Solar/ photovoltaic Park (project) in the UK with 100kW of installed capacity
• Energy Auditing to the Kings College, City University
MOZAMBIQUE
• Decentralised production (photovoltaic) in 50 schools and 50 health centres
• Girassol Indy Hotel – thermal solar solution and efficient illumination
1
Corporate Social Responsability
Sustainability Policy at
Soares da Costa Group
Sustainability
Policy
Prevention,
Safety and
Health at Work
Policy
Equality and
Diversity of
Opportunities
Policy
Code of Business
Business Principles
Social
Responsibility
Policy
Environmental
Policy
• Investing in the promotion of the
satisfaction of our workers
• Contributing to the reduction of
work accidents
Conduct and
Quality Policy
• Promoting of the reduction of the
environmental impacts of our
activity
• 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
2
Corporate Social Responsability
Sustainability Development Data (2012)
Economic Value
Generated
884 million Euros
Training Hours per
Employee
9,349 hours
Economic Value
Distributed
770 million Euros
Donations and
Sponsorships
186 thousand Euros
3
Corporate Social Responsability
Main Activities
 “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