ELEKTROBUDOWA SA POLISH LEADER IN POWER ENGINEERING. Warsaw 2010

ELEKTROBUDOWA SA POLISH LEADER IN POWER ENGINEERING Warsaw 2010 December 2010 1 1

Jacek Faltynowicz President and C.E.O. 1974 1990 1990 1995 Director of 1995-1997 President and C.E.O. 1998 1999 President and C.E.O ABB ZWAR SA 01.01. 2000 30.06.2000 Country Director Alstom T&D 18.07.2000 President and C.E.O. ELEKTROBUDOWA SA December 2010 2 2

ELEKTROBUDOWA SA a joint stock company listed at the Warsaw Stock Exchange, is a leading company in power engineering in Poland. The company was established in 1953. Nowadays is recognized as the most significant contractor for almost all power plants and co-generation plants in Poland, for lignite and hard coal mines, and for the whole industrial environment 3 December 2010 3

Shareholders as of September 2010 POLSAT OFE 3,23% NORDEA OFE 2,98% Float 30,84% AVIVA OFE, AVIVA BZ WBK 15,19% ING OFE 10,59 ING PARASOL FIO ING SUBFUNDUSZ 3,89% OFE AEGON 3,91% Amplico OFE 5,34% GENERALI OFE 5,77% OFE PZU "Złota Jesień" 9,78% AXA OFE 8,23% December 2010 4 4

The Organisational Chart PRESIDENT CEO A S S O C I A T E S KRUELTA VECTOR SAUDI ELEKTROBUDOWA Head Office Quality and Safety Management Human Resources Finance Management ENERGOTEST KONIP ELEKTROBUDOWA UKRAINA Sp. z o.o. S U B S I D I A R I E S POWER GENERATION DIVISION POWER DISTRIBUTION DIVISION INDUSTRY DIVISION EXPORT OFFICE December 2010 5 5

Business areas of ELEKTROBUDOWA SA: Contracting, Manufacturing, Systems Integration Power Generation Division Industry Division Power Distribution Division 6 December 2010 6

Personel Software AUTOCAD LOGOCAD PROENGINEER SEE 300 MS PROJECT 12 licenses 15 licenses 10 licenses 18 licenses 30 licenses Man power qualifications Builders certificates Certificates SEP E (for EXPLOITATION) Certificates SEP D (for SUPERVISION) 97 employees 527 employees 114 employees December 2010 7 7

Orders received (PLNm) 900,0 800,0 700,0 805,3 600,0 500,0 667,6 644,3 710,0 400,0 449,9 300,0 200,0 100,0 217,5 261,2 319,0 346,2 249,7 234,3 254,6 231,4 279,9 323,9 0,0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Prognoza 2010 December 2010 8 8

Order backlog (PLNm) 600,0 500,0 591,5 400,0 539,1 300,0 455,8 586,3 200,0 345,7 100,0 133,7 128,6 177,1 229,4 0,0 2002 2003 2004 2005 2006 2007 2008 2009 Budget 2010 December 2010 9 9

Net profit (PLNm) 60,0 50,0 58,4 56,3 40,0 51,0 30,0 20,0 10,0 0,0 33,9 21,3 18,0 16,4 14,4 8,7 14,3 5,9 5,3 3,1 1,6 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Prognoza 2010-7,6-10,0 December 2010 10 10

Export (PLNm) 130 120 110 100 90 121,0 80 70 60 86,0 101,7 50 40 30 20 10 0 10,5 7,9 21,9 23,5 35,8 2002 2003 2004 2005 2006 2007 2008 2009 BudŜet 2010 42,4 71,6 Prognoza 2010 December 2010 11 11

Net profit ELEKTROBUDOWY SA ENERGOTESTU sp. z o.o. (mln PLN) 60,0 50,0 58,4 40,0 56,3 30,0 1,3 5,9 0,9-7,6 33,9 20,0 10,0 0,0 1,6 2,7 3,1 1,2 5,3 1,8 8,7 0,7 14,4 2,6 1,8 6,7 3,3-10,0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Zysk ELEKTROBUDOWY SA Zysk ENERGOTESTU Sp. z o.o. December 2010 12 12

Productivity (invoiced external sales per employee) (in US$ thousands) 500,0 400,0 468,2 504,5 300,0 359,8 383,2 377,3 200,0 100,0 0,0 83,2 99,2 130,4 150,5 122,2 174,7 215,5 207,7 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 BudŜet 2010 257,5 281,1 December 2010 13 13

Employment at year-end (in persons) 3000,0 2500,0 2614,0 2633,0 2446,0 2300,0 2042,7 1341,4 1181,2 1114,3 1086,9 1152,3 1250,6 1426,0 1596,4 1681,4 1750,7 2000,0 1500,0 1000,0 500,0 0,0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 BudŜet 2010 14 December 2010 14

Benchmarking December 2010 15 15

2009 revenues: ELEKTROBUDOWA SA and selected companies - electrical services providers (in PLNm) ELEKTROBUDOWA SA Qumak-Sekom ElektromontaŜ Poznań ElektromontaŜ Rzeszów Atrem Agat Elektrotim TP-Elbud Energoaparatura ElektriMont Mazel ElektromontaŜ Kraków P&P Elektromont 1 ElektroProces Elektromont 58 56 46,8 27,6 27,4 26,9 26,4 20,7 16,2 149,2 141,9 136,8 112,9 109 293,4 661,8 0 100 200 300 400 500 600 700 December 2010 16 16

2009 net profit: ELEKTROBUDOWA SA and selected companies - electrical services providers (in PLNm) ELEKTROBUDOWA SA Qumak-Sekom Atrem Elektrotim Agat ElektromontaŜ Rzeszów ElektromontaŜ Poznań ElektriMont Elbud Warszaw a ElektroProces ElektromontŜ Kraków Energoaparatura TP-Elbud Mazel Elektromont 1 Elektromont P&P 10 9,1 8,7 6,7 5,3 3,9 3,9 2,5 2,5 2,4 2,1 1,5 0,7 0,5 0,04 14,4 58,4 0 10 20 30 40 50 60 December 2010 17 17

Number of employees in ELEKTROBUDOWA SA in 2009 as compared with selected competitors ELEKTROBUDOWA SA 1689 ElektromontaŜ Rzzeszów 583 ElektromontaŜ Poznań Elektrotim Elbud Warszaw a ElektriMont Agat ElektromontaŜ Kraków TP-Elbud Mazel 391 351 320 258 242 181 146 137 ElektroProces P&P Elektromont 1 Elektromont 80 79 76 64 0 200 400 600 800 1000 1200 1400 1600 1800 December 2010 18 18

Key Competences Power Generation Division Full range of electrical power distribution installation works within HV, MV and LV for new, modernized and revamped power plants, co-generation plants, mines, steel mills and the rest of industry technical consulting engineering delivery of electrical material and equipment tests and commissioning manufacturing of MV High Current Busducts (IPB and NSPB) 19 December 2010 19

OLKILUOTO 3 with 1600 MW EPR /European Pressurized Water Reactor/ (AREVA NP) 2010 2012 INSTALLATION OF SSENSING LINES 39,3 PLNm 2008 2011 ERECTION OF ELECTRICAL SYSTEMS, INCLUDING CABLES AND DISTRIBUTION EQUIPMENT; INSTRUMENTATION, CONTROL AND AUTOMATION SYSTEMS; PARTICIPATION IN COMMISSIONING OF THE REACTOR PART. About 250 employees in peak. December 2010 20 20

Award AREVA Olkulioto 3 Safety Award December 2010 21 21

ELEKTROBUDOWA SA has commenced the construction of new busducts manufacturing hall December 2010 22 22

Busducts Revenues 2005 2009 in thou PLN 23 December 2010 23

Power Distribution Division Key Competences Manufacturing of MV and LV switchboards, container type portable distribution stations and other custom ordered power distribution equipment Turnkey supply of LV / MV / HV substations, including modernizations, retrofits and overhauls Power distribution systems for public sector, utilities and industry 24 December 2010 24

Major products of ELEKTROBUDOWA SA market share Medium voltage switchgears air-insulated switchgear panels with single or double busduct system in this metal-clad draw-out Low voltage switchgears withdrawable, plug-in or fixed type cubicles switchgear (heavy) 25 December 2010 25

Major products of ELEKTROBUDOWA SA market share Mobile substations Isolated Phase busducts Mobile substations for industrial applications 26 December 2010 26

Industry Division Key Competences Full range of HV, MV and LV power distribution and low current networks within construction, modernization of: industrial plants, commercial buildings, business centres, shopping centres, railway, trams, subway, airports, military infrastructure. 27 December 2010 27

Technical offer Electrical installations: power substations MV and LV switchboards emergency power systems electrical equipment control system MV, LV and control cable systems standard and fire-resistant cable trays inside and outside lighting installation earthing and lightning installation workshop and as-built drawings test and commissioning works Instrumentation installations: measurement devices control and power cables air pressure installation calibration of equipment workshop and as-built drawings test and commissioning works maintenance and service maintenance and service of electrical installations December 2010 28 28

The Underground station Plac Wilsona - a prize-winner in 2008 This underground station was rewarded as the most beautiful underground station in the world by the architects participating in the MetroRail 2008 Conference, Copenhagen. ELEKTROBUDOWA SA was an electrical contractor of this project. December 2010 29 29

Management System Certificate PN-N-18001:2004 December 2010 OHSAS 18001:2007 30 30

-RESPECT INDEX December 2010 31 31

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