History 1947 José Vaz Guedes, creates Somague group. 1967 João Vaz Guedes, takes over company leadership. 1970 Vaz Guedes family, owns 100% of capital. 1987 Public placement for a 25% capital in the Lisbon Stock Exchange 1993 Restructuring and start up of Somague SGPS holding. 1997 Assiconstroi acquisition, 2000 Diogo Vaz Guedes chairman of SOMAGUE SGPS Board of Directors. Partnership with Sacyr. 2
Construction Mn Euros 729,7 521,0 495,4 581,3 397,1 10,4 8,9 57,6 53,9 38,0 74,6 95,9 86,0 99,7 75,8 196,3 138,1 289,3 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 Restructuring Consolidation acquisition / merger Somague-Soconstroi 3
Construction Geographical Breakdown Mn Euros 195,8 Lisbon Porto 158,0 J-V Madeira 262,1 65,0 Azores Neopul Somague TI International 24,5 45,2 Sales volume Total: 782.5 3,5 28,4 4
Services and Real Estate Somague SGPS Somague Services Real Estate Somague Concessions Somague Environment Energy Highways Sports facilites Railways Ports and airports Public buildings management Logistics Facilities Management Engineering and maintenance Water treatment and supply Solid waste Gardening Energy infrastructures Other services Windmills farms Co-generation Portugal Brazil Spain Portugal Brazil China Mozambique Portugal Portugal 5
Somague Concessions Portugal road concessions market share (km) In operations Awarded Total Brisa 1,004 175 1,179 SOMAGUE 231 7 238 Mota Engil 34 493 527 Teixeira Duarte 170 3 173 Ferrovial 130 112 242 Eiffage 0 157 157 1,569 947 2,516 6
Somague Concessions Road concessions in Portugal Dic. 2002 / In Mn Euros Lusoponte N.º km 5+17.2 172.1 37 Start/end of concession 1996/2030 1998/2028 2000/2025 Investment 927.7 539.2 362.7 Auto-Estradas do Atlântico Somague stake 17.21% 20.0% 12.0% Sales 51.4 48.1 39.3 Vialitoral 7
Somague Concessions Market share- Road concessions in operations Portugal (km) Brisa 64% Eiffage 0% Ferrovial 8% Teixeira Duarte 11% Mota Engil 2% Somague 15% 8
Somague Concessions Road concessions in Brazil (km) Dic 2002 / Mn Euros N.º km 442 235 Triângulo do Sol Start / end concession Investment 1998/2018 147.3 1998/2018 91.5 Somague stake 40.0% 12.4% Sales 25.3 21.6 Vianorte 9
Somague Environment Water treatment and supply concessions in Portugal Aguas de Sado, S.A. Full water cycle management and supply of Setúbal area stake: 40% TRATAVE Tratamiento de Aguas Residuales de Ave, S.A. Integral management of water depuration (Guimarães, Santo Tirso y Vila Nova de Famalicão municipalities) stake: 40% Aguas de Figueira, S.A. Full water cycle management and supply of Figueira da Foz area stake: 40% Adc Aguas de Cascais, S.A. Full water cycle management and supply of Cascais city stake: 30,5% 10
Somague Ambiente Water treatment and supply concessions in Portugal Aguas de Carrazeda, S.A. Full water cycle management and supply of Carrazeda de Ansiães area stake: 75% Aguas de Gondomar, S.A. Full water cycle management and supply of Gondomar city stake: 42,5% Aguas de Alenquer, S.A. Full water cycle management and supply of Alenquer city stake: 40% 11
Somague Ambiente Water treatment and supply concessions in Brazil Aguas de Mandaguahy, S.A. Full water cycle management and supply of several areas of Jaú city stake: 48,8% SANEAR Saneamiento de Araçatuba, S.A. Collection and manegement of sanitary waste of Bacias Machado de Melo y Baguaçu area stake: 54% 12
Somague Ambiente Water supply private market share Water supply market - Portugal AGS 30% Indáqua 9% CGE 19% Aquapor 23% Luságua 19% Water treatment market - Portugal AGS 42% Indáqua 2% CGE 19% Luságua 17% Aquapor 31% 13
Somague Ambiente Energy Installed capacity (Somague - 50%) MW 350 300 250 200 150 100 50 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 Anual 6 6 9 5 12 12 54 131 92 Acumulado 6 12 21 26 37 49 103 234 326 14
Somague Ambiente Energy Total investment (Somague - 50%) Thds Euros 700.000 600.000 500.000 400.000 300.000 200.000 100.000 0 2003 2004 2005 2006 Anual 29.057 131.877 174.888 289.652 Acumulado 29.057 160.934 335.821 625.474 15
Somague Ambiente Other activities Procesl Engenharia Hidráulica e Ambiental, Lda. Consultancy Engigás Tecnologia Multi-Serviços de Engenharia, S.A. Construction, operation and management of gas, electricity and telecommunication infrastructures. Hidurbe Gestão de Resíduos, S.A. Construction, operation and maintenance of integral waste treatment systems. Viveros do Falcão Empresa de Agricultura e Jardinería, S.A. Construction, operation and maintenance of green areas. CESL Asia, Inversiones & Servicios Ltd. Environmental infrastructures consultancy and operations. 16
Real Estate Antas Multiuse Complex (25%) Stake: Somague PMG (25%) Vallehermoso (25%) G. Amorim (50%) Features: Phase 1 Mall, hotels, office complex and houses Phase 2 Houses 40,000 m 2 Phase 3 Houses 120,000 m 2 Gross construction area above surface: 230,000 m 2 17
Real Estate Jardines Braço de Prata (10%) Urban recovery of old army faclities - INDEP Proyect: Arquitect: Renzo Piano Locationn: East Lisbon Features Housing complex, commercial and services in 13 Ha area. Gross construction area above surface: 134,158 m2 18
SOMAGUE Consolidated Sales (85/03) Mn Euros 771,1 850 561,4 619,9 535,6 523,1 449,2 173,7 241,9 10,4 8,9 57,6 53,9 38,0 74,6 95,9 86,0 99,7 93,0 * Estimates Consolidation Acquisition/merger Somague / Soconstroi SACYR new shareholder 19
SOMAGUE Consolidated Net profit and Cash Flow (85/03) Mn Euros 35 30 25 20 15 10 5 0-5 Resultados Net profit líquidos Cash Flow Consolidation acquisition / merger Somague / Soconstroi * Estimates 20
SintraCascais Escritórios Rua da Tapada da Quinta de Cima - Linhó 2714-555 Sintra Portugal Tel: + 351 21 910 40 00 Fax: + 351 21 910 40 01 E-Mail: somague@somague.pt Web Page: www.somague.pt