Interim / Quarterly Report • Aug 30, 2015
Interim / Quarterly Report
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Management
Report
and Consolidated
Financial Statements as
of 1st Half of 2015
A World of Inspiration
The turnover reached 1,074 million Euros
The GROUP'S international activity outside Europe amounts to about 62% of the total
Europe and Latin America with growth rates of 17% and 24%, respectively
The EBITDA margin in the second quarter remained at 13.5%, in line with the first quarter
Order book worth about 4.5 billion Euros, of which 78% outside Europe
New works awarded after the closure of the quarter, in the amount of 560 million Euros
Strengthening of the Waste area, with the integration of EGF in the second half
| 1H15 | % T | ∆ | 1H14 | % T | 2Q15 | % T | ∆ | 2Q14 | % T | |
|---|---|---|---|---|---|---|---|---|---|---|
| (non audited) | (non audited) | (non audited) | (non audited) | |||||||
| Turnover | 1,074,418 | (4.3%) | 1,122,419 | 590,955 | (6.9%) | 634,724 | ||||
| Europe | 453,503 | 17.1% | 387,330 | 256,922 | 22.0% | 210,520 | ||||
| Africa | 378,865 | (32.0%) | 556,836 | 191,692 | (41.1%) | 325,578 | ||||
| Latin America | 289,211 | 24.1% | 233,067 | 166,455 | 26.1% | 131,989 | ||||
| Other & Interc. | (47,161) | (54,814) | (24,114) | (33,362) | ||||||
| EBITDA | 145,093 | 13.5% | (25.5%) | 194,726 | 17.3% | 79,634 | 13.5% | (33.1%) | 119,010 | 18.7% |
| EBIT | 76,609 | 7.1% | (36.2%) | 120,116 | 10.7% | 43,153 | 7.3% | (40.4%) | 72,413 | 11.4% |
| Net financial income | (42,796) | (4.0%) | 16.3% | (51,111) | (4.6%) | (24,651) | (4.2%) | 5.0% | (25,945) | (4.1%) |
| Net income/losses from equity method | 8,500 | 0.8% | - | (5,691) | (0.5%) | 4,610 | 0.8% | 260.2% | (2,878) | (0.5%) |
| Income before taxes | 42,314 | 3.9% | (33.2%) | 63,314 | 5.6% | 23,112 | 3.9% | (47.0%) | 43,590 | 6.9% |
| Net income | 28,510 | 2.7% | (36.4%) | 44,857 | 4.0% | 20,249 | 3.4% | (36.8%) | 32,048 | 5.0% |
| Attributable to: | ||||||||||
| Non-controlling interests | 15,935 | 1.5% | 15.7% | 13,773 | 1.2% | 11,074 | 1.9% | 33.4% | 8,304 | 1.3% |
| Group | 12,575 | 1.2% | (59.5%) | 31,083 | 2.8% | 9,175 | 1.6% | (61.4%) | 23,745 | 3.7% |
EBITDA = Operating profit + depreciation + provisions and impairment losses The accounts included in this Midterm Report have not been audited.
| Highlights | 2 |
|---|---|
| Midterm Consolidated Management Report | 5 |
| Economical and Financial Performance Analysis | 6 |
| Analysis by Business Area | 12 |
| Behaviour of Stock price performance and dividends | 17 |
| Midterm Consolidated Financial Information | 19 |
| Consolidated Income Statement | 21 |
| Consolidated Income and Other Comprehensive Income Statement | 22 |
| Statement of Consolidated Financial Position | 23 |
| Statement of Consolidated Changes in Equity | 24 |
| Statement of Consolidated Cash-Flows | 26 |
| Notes to the Consolidated Financial Statements | 27 |
| Required Information | 47 |
| Declaration under the terms of article 246 of CVM | 48 |
| Information on transactions of own shares | 50 |
| Qualified holdings | 50 |
| Information on transactions by managing directors | 51 |
Management Report and Consolidated Financial Statements as of 1st Half of 20.
Peru Mexico Brazil Colombia EUROPE Portugal Poland Spain Ireland Czech Republic Slovakia Hungary
Angola Malawi Mozambique South Africa Cape Verde Sao Tome and Principe Zambia Zimbabwe Ghana Uganda Rwanda
F.
Around 250 companies are working every day in 22 countries and on 3 continents on behalf of the well-being and quality of life of the inhabitants. We build and operate infrastructures that boost new paths to development.
AFRICA ANGOLA LUANDA BAY
After an apparent recovery in 2014, the world economy has entered a new period of slowdown, with risks of an increased unfavourable scenario. In this context, the case of Europe should be highlighted, which was negatively influenced in the second quarter by the impact of the Greek crisis, and the case of emerging countries and commoditydependent markets, with special emphasis to the sharp drop in the oil price. This worsening of the global economic context, globally damaged the economic activity, particularly in geographies where the GROUP has significant operations.
The turnover in the first half of 2015 reached 1,074 million Euros, representing a slight decrease (4%) over the same period in 2014. We highlight the 17% and 24% growth in the activities in Europe and Latin America, respectively, which offset the weak performance in Africa. It should also be noted the start of several projects in the first half of 2015, particularly in Africa, whose contribution is expected to accelerate throughout the year. In fact, in the second quarter of 2015 the turnover increased by 36%, 31% and 2% in Latin America, Europe and Africa, respectively, compared to the first quarter of 2015. Similarly, several major projects started in the third quarter, particularly in Latin America.
In the first half of 2015 the weight of activities outside Europe accounted for 62% of the total, and turnover in this period had a more balanced profile between regions, when compared to 2014, when activities outside Europe reached 70%. The remarkable growth in Europe and Latin America contributed to this evolution, which is in line with the strategy of balancing the activities between regions, but always based on long term growth sustainability and value maximisation goals.
Following the approval by the Competition Authority for the acquisition of EGF by the MOTA-ENGIL GROUP, that company will start to be fully consolidated from the third quarter of 2015 onwards. It is worth highlighting that the respective integration process within the GROUP has already begun, namely the organizational changes, in order to promote its optimisation, and the analysis of the back-office structure, in order to maintain existing best practices. At the same time, the integration process intends to leverage other areas with high level of optimisation and experience in MOTA-ENGIL, such as Shared Services and Information Systems.
In the first half of 2015 the EBITDA reached 145 million Euros (a 50 million Euro decrease, compared to the same period of 2014). This development was a result of the decrease in Africa's contribution to EBITDA, from 72% in the first half of 2014, to 49% in the first half of 2015, which was not offset by an increase in EBITDA in Europe and Latin America, regions with traditionally lower margins than those recorded in Africa. On the other hand, it is also important to note that the increased volume of activity in Europe was primarily due to the growth of the segment Engineering & Construction, whereas the Environment & Services business segment activity (in which the GROUP is able to obtain higher margins) remained stable, a factor that also contributed to the lower consolidated operating margin compared to the first half of 2014.
Thus, the EBITDA margin in the first half of 2015 was 13.5%, compared to 17.3% in the same period last year. This evolution is also explained by the change in regional mix, with a lower contribution from higher margins regions (Africa), and increased contribution from Europe and Latin America regions.
It is also worth highlighting that the greater balance in the contribution of each region still enables the achievement of significant operating results: EBIT in the first half of 2015 was 77 million Euros, of which 42% from Africa, with the EBIT margin reaching 7.1%.
Following the heavy investments made during the last quarters of 2014, the investment has been decreasing during 2015, with net investment reaching about 53 million Euros. Once again, the regions of Africa and Latin America justified this investment, since they continue strengthening and/or renewing their equipment in order to address the several projects that are in the start-up phase.
In Europe, where outsourcing levels are traditionally high, there was even a negative amount, with the divestment slightly exceeding investment.
Such efforts for starting-up new projects and the normal seasonality of the GROUP'S activity had a major impact on net working capital evolution in the first months of the year. As a result, the net debt without leasing and factoring, increased from 1.2 billion December 2014 to 1.3 billion in June 2015. On a quarterly basis, the growth was residual.
The ratio that compares the total net debt to the EBITDA increased to 3.6x, up from the 2.8x recorded in December 2014, but still confirming the downward trend, which started about four years ago. Please note that the GROUP keeps its
medium and long-term goal of bringing that ratio to less than 3.0x.
The average cost of debt decreased to 6.1% in the first half of 2015, despite the higher weight of debt contracted outside Europe, in line with the financing strategy that aims to allocate debt to the regions, in accordance with the respective cash flow uses and sources.
It should be highlighted that already after the end of the second quarter, in July 2015, the GROUP successfully completed a bond issue and exchange operation, maturing in February 2020, amounting to 95 million Euros, with a coupon of 3.9%.
In June 2015 the average debt life was 2.04 years. Since that bond issue was completed in early July, its impact is not reflected either in this indicator, or in the above charts, namely in the evolution of debt maturity. If we include this operation, the average debt life would rise to 2.2 years.
In 2015 the GROUP will continue to pursue its financial strategy, and as such, it is expected that additional measures will take place to increase debt maturities, including reduction of short-term debt, increase cash, such as liquidity lines and reduce the debt interest costs.
In late June 2015, the GROUP had contracted undrawn credit lines amounting to 282.7 million Euros, resulting in a total amount of effective liquidity of 625.2 million Euros.
In the first six months of 2015, net interest bearing expenses amounted to 41.7 million Euros, in line with the previous year (1Q14: EUR 41.5 million), notwithstanding the increase in net debt. This evolution resulted from increased efforts towards the improvement of pricing conditions in new funding. Thus, net financial results dropped to 42.8 million Euros (1Q14: EUR 51.1 million), mainly due to reduced costs with guarantees and banking services, and to the increased gains related to the mark-to-market of derivative financial instruments.
The gains and losses in associated companies (Equity Method in the chart) had a positive contribution of 8.5 million Euros, compared to a negative amount of 5.7 million Euros in the same period last year, following the reduction of the negative impact from the stake in Martifer. Ascendi, the sub-holding for road concessions, contributed in the first six months of 2015 with about 9.5 million Euros, up from about 6 million Euros in the first half of 2014.
In the first half of 2015, taxes decreased to 13.8 million Euros (1Q14: EUR 18.5 million), although the effective tax rate increased, as a result of the greater weight of taxable income in markets with higher marginal tax rates.
As a result of such operational and financial performance, the net income was 29 million Euros, and the net margin reached 2.7% in the first six months of the year. The net profit attributable to the GROUP decreased to 12.6 million Euros (1Q14: EUR 31.1 million), and was negatively impacted by an increase in minority interests to 16 million Euros, following the listing of MOTA-ENGIL AFRICA in November 2014.
The order book, by the end of June 2015, amounted to about 4.5 billion Euros, of which about 3.5 billion Euros in markets outside Europe, representing 78% of the total. Thus, there was a slight increase compared to the figure at the end of 2014, with Latin America and Africa recording figures higher than in December.
In Europe the order book amounted to 965 million Euros, remaining relatively stable compared to the first quarter of 2015, as well as to December 2014. Among the major projects currently being executed are the road works S11 Ostrow-Wielkopolski, in Poland, and I/11-Oldrichovice-Bystrice, in the Czech Republic.
In Africa the order book amounted to 1,504 million Euros, showing a more diversified composition and thus more sustainable, but also more demanding. In fact, the Eastern and Western regions already contributed with 11% to the total backlog in the region, while the SADC region contributed with 48%. The continuous search for new projects and integrated solutions allows the Group to maintain the growth expectations for order book values, while it is also expected a recovery of the global activity levels in the region. It is worth highlighting that, among others, the Calueque Dam and the rehabilitation works of the streets of Luanda, in Angola, are underway, as well as the rehabilitation of the Sena Line II and a mining contract in Mozambique.
In Latin America, where the order book amounted to 2 billion, Mexico remains the country with the largest amount among the three regions, reaching 1.2 billion Euros by the end of June 2015. In that region, it is worth highlighting the Guadalajara metro project, in Mexico, and the BR381 highway project, in Brazil. It should be pointed out that taking into account the opportunities that the region presents, it is expected that the future backlog shall remain robust.
As usual, the backlog outside construction only includes contracts in the waste and maintenance activities. The GROUP does not consider as part of the order book foreseeable revenues from water and sanitation concession contracts, and from the operation of port terminals.
Additionally, it should be noted that, after the closure of the second quarter, the GROUP was awarded a number of works, totalling more than 560 million Euros, of which the following stand out, but not limited to:
The Europe business area includes businesses and companies working in Engineering & Construction, and in Environment & Services owned by the GROUP, in Portugal and in Central Europe, or that are managed by this region's management structure. In the Environment & Services field, there are various activities developed in the areas of Logistics (by TERTIR), Waste (through SUMA), Water (sector for which INDAQUA, provides a contribution accounted for by the equity method) and Energy & Maintenance.
The turnover in Europe in the first half of 2015 amounted to 454 million Euros, reflecting an increase of 17% over the same period of 2014 (1Q14: EUR 387 million). This performance was due to a 30% growth in the Engineering & Construction segment over the same period in 2014, mainly due to the significant increase in activities in Central Europe.
Also, in terms of operating profitability, EBITDA grew by 21% compared to the same period last year, due not only to activity growth but also to the margin increase in the Engineering & Construction segment, from 5% to 8%, which offset the margin decrease from 15% to 14% in the Environment & Services segment.
In the first half of 2015, the turnover of the Waste segment in Europe remained at 39 million Euros, compared to the same period last year (1S14: EUR 38 million) showing once again the resilience of this business segment, with an EBITDA margin of 21%, relatively in line with the first half of 2014.
The turnover in the Logistics segment grew by 8%, to 104 million Euros in the first half over the same period of the previous year (1S14: EUR 96 million), keeping up with the recovery trend recorded in recent quarters. However, in 2015 the operating profitability has been affected by the mix of activities, which saw an increase in the weight of the business developed by TRANSITEX (freight forwarding). Thus, the Logistics segment showed an EBITDA of 12.4 million, which corresponds to an EBITDA margin of 12%, in the first half of 2015.
The Energy & Maintenance companies now have an almost exclusive contribution of MANVIA, and so there was a reduction in their turnover. However, the improvement in the operating margin should be highlighted, which reached 7.6% in the semester.
A final reference in this area goes to the Water segment. Consolidated by the equity method, this segment has no impact on the GROUP'S operating results, but stands out for its operating performance, with an EBITDA margin of about 40%, and its turnover recording an increase of about 6%, having thus contributed towards the GROUP'S results by 0.6 million Euros.
In the first half of 2015, the Africa business area accounted for about 35% of the total activity of the MOTA-ENGIL GROUP, (1S14: 50%), which was due to the lower business volume in the region, and to the increase in Europe and Latin America.
So, until June 2015, the turnover in Africa amounted to 379 million Euros, a decrease when compared to the figure of the previous year (EUR 557 million), mainly due to lower activities in Malawi and Angola, which were not offset by increased activities either in the SADC region, particularly in Mozambique, or in the Western and Eastern regions. These two regions accounted for 3.9% of the total, compared with 1.6% in the same period of 2014.
The EBITDA margin in the region was 18.8%, showing a positive development in the second quarter over the first quarter, still below the figures of the same period in the former year, but in line with the acceleration prospects for the second half. This evolution is due to the positive impact in 2014, of the Nacala Corridor project, but also, to a lesser extent, to the start-up efforts of various projects in the SADC and Western regions, which temporarily puts pressure on margins, causing 2015 to be a transition year, both in terms of development of activities, as well as in terms of operating performance.
In Latin America revenues increased by 24% to 289 million Euros (1S14: EUR 233 million), representing 27% of the GROUP total (1S14: 21%), contributing towards balancing the contribution of the three regions towards the consolidated turnover.
Such an increase was the result of a better performance in all countries, except for Peru, where the turnover remained below the levels of the previous year, although from the point of view of operating results this country also recorded a recovery in performance.
So when it comes to operating profitability, there has been a 23% rise in the EBITDA to approximately 25.7 million Euros (1S14: EUR 20.9 million), with the margin reaching 8.9%.
As far as Brazil is concerned, it should be noted that despite the less favourable economic situation, the market still represents excellent opportunities, especially in the private customers sector, to which the Group has been devoting greater attention, though with the appropriate conservatism.
A final highlight, to the start up - already in the third quarter -, of several works associated with the recently announced concessions (Mexico and Colombia) that will accelerate the pace of growth of activities in the region.
3. Stock price performance and dividends
In the first half of 2015 the Portuguese equity market, PSI 20, showed a positive performance of 16%, but was however negatively affected, in the second quarter, by the impact of the crisis that characterized Europe, and more specifically Greece, within the context of the negotiations of this country with the European Union, concerning the need for a new financial bailout plan. The uncertainty around the negotiations has led to increased risk aversion among investors, and to increased volatility in the equity market, especially in Europe. Thus, that index showed a negative performance of 7% in the second quarter. Also, the European Index for the Construction sector, the SXOP, followed the same trend, closing the semester with a 14% increase, despite the 4% devaluation in the second quarter.
The MOTA-ENGIL shares showed a 14% decline in the first half of 2015, thus reversing the first quarter upwards trend, when the Group's shares appreciated by 29%. The reversal of the trend recorded in the second quarter, common to the equity market during that period, was also influenced by news about the financial performance of some construction companies, as well as by the difficult environment in peripheral countries of the Eurozone. Furthermore, despite the recovery of the Oil price in the second quarter, most commodities remained in negative territory, with little chances of recovery in the medium and long term, influencing the perception of risk of companies with activities in countries exposed to commodity prices, notably in Africa.
Thus, MOTA-ENGIL shares closed the semester at 2.282 Euros, reaching a maximum and a minimum of 3.643 Euros and 1.936 Euros, respectively. In that period, 117 million MOTA-ENGIL shares were traded at Euronext Lisbon, corresponding to an average daily volume of 934,000 shares.
The General Shareholders' Meeting, held on May 28, 2015, approved the distribution of a dividend of twelve cents (0.12 Euros) per share for the year of 2014, in line with the dividend distribution policy in place at Mota-Engil that defines a payout ratio between 50% and 75% of recurrent net income.
Porto, August 30th, 2015
Gonçalo Moura Martins Chief Executive Officer
José Pedro Freitas Chief Financial Officer
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Ports and Logistics Water Waste Multiservices Energy
Prospecting Extracting Exploration
Residential buildings, hospitals, bridges, dams, roads, motorways, railways, ports and logistics, sanitation, water and waste treatment at the service of development. Our operations continue to grow in a wide range of business areas with projects that improve life and the economy of each country.
$\overline{102}$ INTERIM IDATEI Z. JANCIAL A1 l ľЮ ₹
EUROPE PORTUGAL VENDA NOVA III DAM
| 1st Half | 2nd Quarter | |||||
|---|---|---|---|---|---|---|
| Notes | 2015 € '000 |
2014 € '000 |
2015 € '000 |
2014 € '000 |
||
| (non audited) | (non audited) | (non audited) | (non audited) | |||
| Sales and services rendered | 2 | 1,074,418 | 1,122,419 | 590,955 | 634,724 | |
| Other revenues | 8,785 | 44,337 | (6) | 19,697 | ||
| Cost of goods sold, materials consumption and subcontractors | (498,509) | (485,457) | (298,450) | (286,505) | ||
| Gross profit | 584,694 | 681,298 | 292,499 | 367,916 | ||
| Third-party supplies and services | (223,711) | (259,938) | (109,627) | (134,922) | ||
| Wages and salaries | (231,911) | (220,754) | (118,847) | (116,316) | ||
| Other operating expenses, net | 16,021 | (5,880) | 15,609 | 2,331 | ||
| 2 | 145,093 | 194,726 | 79,634 | 119,010 | ||
| Depreciation and amortization | (66,601) | (67,180) | (34,883) | (40,911) | ||
| Provisions and impairment losses | (1,883) | (7,431) | (1,599) | (5,686) | ||
| Operating profit | 76,609 | 120,116 | 43,153 | 72,413 | ||
| Financial income | 3 | 18,810 | 13,570 | 4,567 | 6,089 | |
| Financial costs | 3 | (61,606) | (64,681) | (29,218) | (32,034) | |
| Gains / (losses) in associates and jointly controlled companies | 8,500 | (5,691) | 4,610 | (2,878) | ||
| Consolidated net profit before income tax | 42,314 | 63,314 | 23,112 | 43,590 | ||
| Income Tax | (13,803) | (18,457) | (2,863) | (11,542) | ||
| Consolidated net profit for the period | 28,510 | 44,857 | 20,249 | 32,048 | ||
| Attributable: | ||||||
| to non-controlling interests | 15,935 | 13,773 | 11,074 | 8,304 | ||
| to the Group | 12,575 | 31,083 | 9,175 | 23,745 | ||
| Earnings per share: | ||||||
| basic | 4 | 0.061 € | 0.152 € | 0.045 € | 0.116 € | |
| diluted | 4 | 0.061 € | 0.152 € | 0.045 € | 0.116 € |
| 1st Half | 2 | nd Quarter | ||
|---|---|---|---|---|
| 2015 € '000 |
2014 € '000 |
2015 € '000 |
2014 € '000 |
|
| (não auditado) | (não auditado) | (não auditado) | (não auditado) | |
| Consolidated net profit for the period | 28,510 | 44,857 | 20,249 | 32,048 |
| Items of other comprehensive income that may be reclassified to the income statement | - | - | ||
| Exchange differences stemming from transposition of financial statements expressed in foreign currencies | 19,634 | 6,265 | (30,020) | 5,327 |
| Variation, net of tax, of the fair value of financial derivatives | 52 | 71 | 18 | - |
| Other comprehensive income/(expense) in investments in associates using the equity method | 24,550 | (28,248) | 19,701 | (23,449) |
| Other comprehensive income | (5,897) | (2,574) | (5,900) | (735) |
| Total of comprehensive income for the period | 66,849 | 20,370 | 4,048 | 13,192 |
| Attributable: | ||||
| to non-controlling interests | 18,068 | 13,890 | (2,134) | 7,708 |
| to the Group | 48,781 | 6,479 | 6,182 | 5,483 |
| Notes | 2015 € '000 |
2014 € '000 |
|
|---|---|---|---|
| (non audited) | (audited) | ||
| Assets | |||
| Non-current | |||
| Goodwill | 5 | 136,454 | 136,677 |
| Intangible fixed assets | 124,222 | 127,668 | |
| Tangible fixed assets | 771,464 | 771,662 | |
| Financial investments under the equity method | 6 | 196,782 | 161,697 |
| Available for sale financial assets | 7 | 66,668 | 51,026 |
| Investment properties | 70,205 | 69,106 | |
| Trade and other receivables | 225,659 | 215,093 | |
| Other non-current assets | 8,877 | 13,017 | |
| Derivative financial instruments | 7,915 | 4,214 | |
| Deferred tax assets | 60,510 | 56,052 | |
| Cash and cash equivalents - term deposits | 8 | - | 68,067 |
| 1,668,756 | 1,674,279 | ||
| Current | |||
| Inventories | 291,421 | 301,421 | |
| Trade receivables | 899,402 | 975,740 | |
| Other receivables | 274,791 | 253,942 | |
| State and other public entities | 36,497 | 40,372 | |
| Other current assets | 540,713 | 363,488 | |
| Cash and cash equivalents - term deposits | 8 | 66,007 | 5,190 |
| Cash and cash equivalents – demand deposits | 8 | 276,469 | 317,349 |
| 2,385,299 | 2,257,503 | ||
| Non-current Assets Held for Sale | 29,964 | 29,980 | |
| Total Assets | 2 | 4,084,020 | 3,961,761 |
| Liabilities | |||
| Non-current | |||
| Loans | 9 | 722,460 | 996,857 |
| Sundry Creditors | 152,390 | 157,832 | |
| Provisions | 123,373 | 125,120 | |
| Other non-current liabilities | 4,036 | 4,181 | |
| Deferred tax liabilities | 36,185 | 40,456 | |
| 1,038,444 | 1,324,445 | ||
| Current | |||
| Loans | 9 | 917,837 | 552,260 |
| Trade payables | 413,653 | 431,792 | |
| Derivative financial instruments | 157 | 313 | |
| Sundry Creditors | 486,329 | 526,575 | |
| State and other public entities | 58,133 | 56,748 | |
| Other current liabilities | 553,691 | 491,639 | |
| 2,429,800 | 2,059,328 | ||
| Total Liabilities | 2 | 3,468,244 | 3,383,773 |
| Shareholders' equity | |||
| Equity capital | 204,636 | 204,636 | |
| Reserves | 120,866 | 58,665 | |
| Consolidated net profit for the period | 12,575 | 50,550 | |
| Own funds attributable to the Group | 338,076 | 313,851 | |
| Non-controlling interests | 277,700 | 264,137 | |
| Total shareholders' equity | 615,776 | 577,988 | |
| Total shareholders' equity & liabilities | 4,084,020 | 3,961,761 |
| Fair value reserves | ||||||
|---|---|---|---|---|---|---|
| Share capital | Treasury shares | Issue premiums | Available-for-sale investments |
Lands assigned to quarrying operations |
Derivatives | |
| Balance as at January 1, 2014 (audited) | 204,636 | (22,749) | 87,256 | 27,702 | 10,306 | (499) |
| Total comprehensive income for the period | - | - | - | - | - | 71 |
| Dividend distribution | - | - | - | - | - | - |
| Sale of treasury shares | - | 22,749 | - | - | - | - |
| Transfers for other reserves | - | - | - | - | - | - |
| Balance as at June 30, 2014 (non audited) | 204,636 | - | 87,256 | 27,702 | 10,306 | (428) |
| Balance as at January 1, 2015 (audited) | 204,636 | - | 44,435 | 27,702 | 2,968 | (238) |
| Total comprehensive income for the period | - | - | - | - | - | 52 |
| Dividend distribution | - | - | - | - | - | - |
| Transfers for other reserves | - | - | - | - | - | - |
| Balance as at June 30, 2015 (non audited) | 204,636 | - | 44,435 | 27,702 | 2,968 | (187) |
| Currency translation reserve |
Other reserves | Net Profit | Own funds attributable to shareholders |
Own funds attributable to non controlling interests |
Shareholders' equity |
|---|---|---|---|---|---|
| (53,001) | 53,341 | 50,505 | 357,495 | 201,731 | 559,226 |
| 4,691 | (29,366) | 31,083 | 6,479 | 13,890 | 20,370 |
| - | (25,273) | - | (25,273) | (19,138) | (44,410) |
| - | 25,178 | - | 47,927 | - | 47,927 |
| - | 50,505 | (50,505) | - | - | - |
| (48,310) | 74,385 | 31,083 | 386,629 | 196,483 | 583,112 |
| (32,131) | 15,929 | 50,550 | 313,851 | 264,137 | 577,988 |
| 14,112 | 22,042 | 12,575 | 48,781 | 18,068 | 66,849 |
| - | (24,556) | - | (24,556) | (4,505) | (29,061) |
| - | 50,550 | (50,550) | - | - | - |
| (18,019) | 63,966 | 12,575 | 338,076 | 277,700 | 615,776 |
| Notes | 2015 € '000 |
2014 € '000 |
|
|---|---|---|---|
| OPERATING ACTIVITY | (non audited) | (non audited) | |
| Cash received from customers | 946,206 | 943,228 | |
| Cash paid to suppliers | (768,365) | (820,342) | |
| Cash paid to employees | (152,276) | (173,967) | |
| Cash generated from operating activities | 25,565 | (51,081) | |
| Income tax paid | (6,547) | (26,453) | |
| Other receipts generated by operating activities | 4,074 | 4,255 | |
| Net cash from operating activities (1) | 23,092 | (73,279) | |
| INVESTING ACTIVITY | |||
| Cash receipts from: | |||
| Financial investment | 625 | - | |
| Intangible fixed assets | 309 | 8 | |
| Property, plant and equipment | 17,386 | 5,434 | |
| Investment grants | 93 | - | |
| Interest and similar income | 3,386 | 2,247 | |
| Dividends | 1,362 | 1,043 | |
| 23,162 | 8,731 | ||
| Cash paid in respect of: | |||
| Financial investment | (6,669) | - | |
| Intangible fixed assets | (2,228) | (6,615) | |
| Property, plant and equipment | (68,772) | (72,795) | |
| (77,669) | (79,410) | ||
| Net cash from investing activities (2) | (54,508) | (70,679) | |
| FINANCING ACTIVITY | |||
| Cash receipts from: | |||
| Loans obtained | 123,444 | 203,979 | |
| Sale of treasury shares | - | 49,251 | |
| 123,444 | 253,230 | ||
| Cash paid in respect of: | |||
| Loans obtained | (32,264) | (69,040) | |
| Amortization of finance lease contracts | (25,465) | (24,205) | |
| Interest and similar expense | (59,662) | (44,943) | |
| Dividends | (30,602) | (57,134) | |
| Other | - | (3,197) | |
| (147,993) | (198,519) | ||
| Net cash from financing activities (3) | (24,549) | 54,711 | |
| Variation of cash & cash equivalents (4)=(1)+(2)+(3) Variations caused by changes to the perimeter |
(55,964) 60 |
(89,247) 37 |
|
| Exchange rate effect | 7,774 | 1,550 | |
| Cash & cash equivalents at the beginning of the period | 8 | 390,606 | 359,733 |
| Cash & cash equivalents at the end of the period | 8 | 342,475 | 272,072 |
The core business of Mota-Engil, SGPS, SA, with head office at Rua do Rego Lameiro, nº 38, Porto, (MOTA-ENGIL SGPS or COMPANY), and subsidiaries (Group) is public and private construction work and related activities.
The detailed description of the Group's activities is provided in Note 2. Business Segments.
All amounts in these notes are in thousand Euros, except if expressly stated otherwise.
The attached financial accounts cover the consolidated financial reports for the Mota-Engil Group were prepared following the assumption of operations continuity based on the books and accounting records of the companies comprising the Group so that the consolidated financial statements are in accordance with the International Financial Reporting Standards (IAS/IFRS) issued by the International Accounting Standards Board (IASB) and the interpretations issued by the International Financial Reporting Interpretations Committee (IFRIC) or by the previous Standing Interpretations Committee (SIC) which have been adopted within the European Union.
The consolidated financial statements of Mota-Engil Group regarding the period ended in June 30, 205 were issued pursuant to the accounting policies and calculation methods adopted by the Group and presented in the 2014 Consolidated Report and Accounts, taking into account the provisions of IAS 34 - Interim Financial Reporting.
During the period ended in June 30, 2015, following standards, interpretations, amendments and revisions endorsed by the European Union became applicable:
| EU Regulation | Standard | Issued in | Mandatory for financial years beginning on or after |
|---|---|---|---|
| Regulation no. 2015/29 | Amendment to IAS 19 - Emplyee benefits | november 2013 | july 1, 2014 |
| Regulation no. 2015/28 | Improvements to International Financial Reporting Standards (2010-2012 cycle) | december 2013 | july 1, 2014 |
The application of these standards did not produce significant effects in these consolidated financial statements.
The consolidated financial statements are presented in Euro (thousands). The financial statements of the subsidiaries in foreign currency were converted into Euro in accordance with the accounting policies described in subparagraph xiii) of the main valuation criteria presented in the 2014 Consolidated Report and Accounts. All estimates and assumptions made by the Board of Directors were based on their knowledge of the events and transaction in course, as at the date of approval of the financial statements.
In preparing the consolidated financial statements, in conformity with IAS/IFRS, the Group's Board of Directors adopted certain assumptions and estimates which affect the reported assets and liabilities, as well as the income and costs incurred relative to the reported periods, which are described in subparagraph xxi) of the main valuation criteria presented in the 2014 Consolidated Report and Accounts.
The Group uses its internal organization for management purposes and as base for its reporting of information by operation segments. The Group is organized into the following geographical areas: Europe, Africa and Latin America.
Values concerning MOTA-ENGIL SGPS, MESP and Group companies in the Tourism area are included in "Others, eliminations and intra-group", which also included the amounts related to flows and balances between operational segments.
The first six months of 2015 had no materially relevant alterations regarding the consolidation perimeter and therefore the effects over the main headings of the financial and results statements are not presented. The companies included in the consolidation and relevant consolidation methods, head offices, real participation percentages, activity, incorporation date and date of acquisition of shares are those presented in Annex A.
The main alterations occurred in the consolidation perimeter for the period ended June 30, 2015 are referred in Note 10. Perimeter Alterations.
The financial information by operational segments can be analysed as follows:
| Sales and services rendered | EBITDA | |||
|---|---|---|---|---|
| 2015 | 2014 | 2015 | 2014 | |
| Europe | 453,503 | 387,330 | 44,247 | 36,588 |
| Africa | 378,865 | 556,836 | 71,222 | 140,989 |
| Latin America | 289,211 | 233,067 | 25,712 | 20,934 |
| Others, eliminations & intra-group | (47,161) | (54,814) | 3,913 | (3,785) |
| Mota-Engil Group | 1,074,418 | 1,122,419 | 145,093 | 194,726 |
As at June 30, 2015, the sales and service provisions for the business segments are included in "Others, Eliminations and Intra-group".
For the periods ended June 30, 2015 and 2014, intra-group sales were made at similar prices to those for external clients.
| Net Assets | Liabilities | |||
|---|---|---|---|---|
| 2015 | 2014 | 2015 | 2014 | |
| Europe | 1,811,216 | 1,885,709 | 1,261,619 | 1,340,577 |
| Africa | 1,767,669 | 1,694,751 | 1,322,153 | 1,287,013 |
| Latin America | 693,083 | 536,591 | 616,630 | 464,973 |
| Other, Eliminations and Intercompany | (187,948) | (155,289) | 267,842 | 291,211 |
| Mota-Engil Group | 4,084,020 | 3,961,761 | 3,468,244 | 3,383,773 |
Financial results for the periods ended June 30, 2015 and 2014 are as follows:
| 2015 | 2014 | |
|---|---|---|
| Financial income & gains | ||
| Loans and accounts receivable: | ||
| Interest income | 10,477 | 7,391 |
| Payments discounts received | 409 | 177 |
| Net exchange gains | - | 2,837 |
| Other financial assets & liabilities: | ||
| Income from real estate properties | 515 | 457 |
| Fair value gains - derivative financial instruments | 5,201 | 908 |
| Other financial income & gains | 2,209 | 1,801 |
| 18,810 | 13,570 | |
| Financial costs and losses | ||
| Loans and Accounts Payable: | ||
| Interest expenses | 52,191 | 48,916 |
| Payments discount given | 167 | 58 |
| Exchange expenses | 466 | - |
| Other financial costs & losses | 8,781 | 15,708 |
| 61,606 | 64,681 | |
| (42,796) | (51,111) |
Heading "Income from real estate properties" includes mainly income from buildings located in Portugal.
Heading "Other costs and financial losses" includes mainly costs with bank guarantees, preparation of loans and several commissions and others costs charged by financial institutions.
The company issued only common shares and therefore there is no special dividend or voting rights.
There is no situation in the Group which might lead to a reduction of earnings per share as a result of options, warrants, convertible bonds or other rights associated to ordinary shares.
Therefore, there is no dissimilarity between the calculation of basic earnings per share and the calculation of diluted earnings per share.
During the periods ended in June 30, 2015 and 2014 no common shares were issued.
For the periods ended in June 30, 2015 and 2014, the earnings per share were as follows:
| 2015 | 2014 | |
|---|---|---|
| Resultado líquido consolidado do período atribuível ao Grupo (I) |
12,575 | 31,083 |
| - | ||
| Número total de ações ordinárias (II) |
204,635,695 | 204,635,695 |
| Número de ações próprias no final dos 6 Meses (III) |
- | - |
| Número médio ponderado de ações próprias (IV) |
- | - |
| Número de ações em circulação (II - IV) |
204,635,695 | 204,635,695 |
| Resultado por ação: | - | |
| básico (I) / (II - IV) |
0.061 € | 0.152 € |
| diluído (I) / (II - IV) |
0.061 € | 0.152 € |
The information on goodwill, for the period ended June 30, 2015 and the year ended December 31, 2014, is as follows:
| 2015 | 2014 | ||||
|---|---|---|---|---|---|
| Goodwill | Impairments of the period |
Alterations to the consolidation perimeter |
Net Goodwill |
Net Goodwill |
|
| Europe Engeneering & Construction | |||||
| Mota-Engil Central Europe Poland | 8,739 | - | - | 8,739 | 8,571 |
| Mota-Engil Central Europe Czech Rep. | 1,144 | - | - | 1,144 | 1,139 |
| Other | 1,787 | - | - | 1,787 | 1,787 |
| 11,671 | - | - | 11,671 | 11,497 | |
| Europe Environment & Services | |||||
| Suma Group | 9,555 | - | - | 9,555 | 9,555 |
| Tertir Group | 100,856 | - | - | 100,856 | 100,856 |
| Other | 1,134 | - | - | 1,134 | 1,134 |
| 111,544 | - | - | 111,544 | 111,544 | |
| Africa | |||||
| Cecot | 1,440 | - | - | 1,440 | 1,440 |
| Mota-Engil S.Tomé | 143 | - | - | 143 | 143 |
| Vista Water | 1,841 | - | - | 1,841 | 1,841 |
| ME Construction South Africa | 3,437 | - | - | 3,437 | 3,341 |
| 6,861 | - | - | 6,861 | 6,765 | |
| Latin America | |||||
| Empresa Construtora Brasil | 5,765 | - | - | 5,765 | 6,211 |
| Consita | 612 | - | - | 612 | 660 |
| 6,377 | - | - | 6,377 | 6,871 | |
| 136,454 | - | - | 136,454 | 136,677 |
The movements which occurred in goodwill during the period until June 30, 2015 and the year ended December 31, 2014 are as follows:
| % of acquisition | 2015 | 2014 | |
|---|---|---|---|
| Goodwill at the beginning of the period | 136,677 | 133,611 | |
| Increase of goodwill | |||
| ME Construction South Africa | 100% | - | 3,341 |
| Consita | 70% | - | 660 |
| - | 4,000 | ||
| Impairment losses | |||
| Ekosrodowisko | - | (196) | |
| Suma Group | - | (524) | |
| - | (720) | ||
| Changes in goodwill for variation of perimeter | |||
| Sol-S Internacional | - | (30) | |
| - | (30) | ||
| Changes in goodwill for currency update | |||
| Empresa Construtora Brasil | (446) | 70 | |
| Mota-Engil Central Europe Polónia | - | (245) | |
| Mota-Engil Central Europe República Checa | - | (4) | |
| Other | 223 | (6) | |
| (224) | (184) | ||
| Goodwill at the end of the period | 136,454 | 136,677 |
In June 30, 2015 and December 31, 2014, the values relative to financial investments stated through the equity method are broken down as follows:
| 2015 | 2014 | |
|---|---|---|
| Associate companies | ||
| Obol Invest Group | 22,692 | 22,651 |
| HEPP | 1,555 | 1,556 |
| Suma Group associates | 2,616 | 2,691 |
| SLPP Group | 2,053 | 1,804 |
| Ibercargo (Spa) | 56 | 34 |
| Manvia II Condutas | 923 | 832 |
| Tersado | 822 | 1,116 |
| Autopista Urbana Siervo de la Nacion | 2,241 | 2,071 |
| Concessionária Autopista Cardel | 4,180 | 2,180 |
| Concessionária Autopista Tuxpan-Tampico | 9,609 | 8,880 |
| Martifer Group | - | 2,079 |
| Other | 5,751 | 5,851 |
| Jointly controlled companies | ||
| Ascendi Group | 84,960 | 55,039 |
| Indaqua Group | 23,519 | 21,941 |
| TPE Paita | 35,804 | 32,972 |
| 196,782 | 161,697 |
As at June 30, 2015 and December 31, 2014, the detail of financial investments available for sale is as follows:
| 2015 | 2014 | |
|---|---|---|
| Investments in equity instruments (recorded at cost) | ||
| Auto-Sueco Angola | 2,724 | 2,724 |
| BAI-Banco Angolano de Investimentos | 39,904 | 39,904 |
| Carbine Tungstene | 1,704 | 1,704 |
| Ecodetra | 1,153 | 1,153 |
| Ersuc | 554 | 554 |
| Tirtife | 901 | 901 |
| Other | 2,030 | 2,269 |
| 48,970 | 49,208 |
| 2015 | 2014 | |
|---|---|---|
| Securities | ||
| Angolan Government Securities | 12,867 | - |
| Other | 5 | 11 |
| 12,872 | 11 |
| 2015 | 2014 | |
|---|---|---|
| Advances & other investments | ||
| Estradas do Zambeze | 4,800 | 1,800 |
| Other | 26 | 7 |
| 4,826 | 1,807 | |
| Financial investments available for sale | 66,668 | 51,026 |
The amounts for the heading Cash and Equivalents, regarding the period ended in June 30, 2015 and December 31, 2014 are as follows:
| Demand deposits | Term deposits (1) | Total | ||||
|---|---|---|---|---|---|---|
| 2015 | 2014 | 2015 | 2014 | 2015 | 2014 | |
| Other applications | 4,398 | 5,040 | - | - | 4,398 | 5,040 |
| Bank deposits and cash in hand | ||||||
| Bank deposits | 265,856 | 306,563 | 66,007 | 73,257 | 331,863 | 379,821 |
| Cash on hand | 6,215 | 5,745 | - | - | 6,215 | 5,745 |
| 276,469 | 317,349 | 66,007 | 73,257 | 342,475 | 390,606 |
(1) Includes the amount of 68,067 thousand euros booked as non-current in 2014.
The amounts regarding debt for the period ended in June 30, 2015 and December 31, 2014 are as follows:
| Current (1 year) |
2 years | 3 to 5 years | over 5 years | Non-current | Total | |
|---|---|---|---|---|---|---|
| 2015 | ||||||
| Non-convertible bond loans | 223,850 | 7,500 | 235,457 | - | 242,957 | 466,807 |
| Amounts owed to credit institutions | ||||||
| Bank loans | 274,628 | 105,065 | 114,773 | 18,420 | 238,258 | 512,886 |
| Overdraft facilities | 114,388 | - | - | - | - | 114,388 |
| Current account facilities | 211,577 | - | - | - | - | 211,577 |
| Other loans obtained | ||||||
| Commercial paper issues | 91,187 | 39,650 | 193,077 | - | 232,727 | 323,914 |
| Other loans | 2,208 | 3,408 | 4,743 | 366 | 8,518 | 10,725 |
| 917,837 | 155,623 | 548,050 | 18,786 | 722,460 | 1,640,297 | |
| 2014 | ||||||
| Non-convertible bond loans | 10,000 | 226,183 | 230,743 | - | 456,926 | 466,926 |
| Amounts owed to credit institutions | ||||||
| Bank loans | 197,540 | 115,092 | 147,947 | 21,016 | 284,055 | 481,595 |
| Overdraft facilities | 59,340 | - | - | - | - | 59,340 |
| Current account facilities | 201,715 | - | - | - | - | 201,715 |
| Other loans obtained | ||||||
| Commercial paper issues | 81,400 | 35,340 | 211,436 | - | 246,776 | 328,176 |
| Other loans | 2,265 | 2,534 | 6,199 | 366 | 9,099 | 11,364 |
| 552,260 | 379,148 | 596,326 | 21,383 | 996,857 | 1,549,117 |
Although the commercial paper issues fall due at one year, they are covered by medium and long term programmes which ensure their automatic renewal over time. In view of these circumstances, and since the Group's Board of Directors intends to continue to use the said issues for periods greater than 12 months, said debts were recorded in long and medium term.
For the period ended June 30, 2015, there were no materially relevant alterations to the perimeter, hence the effects are not presented under the main headings of the statement of the financial position and income statement.
For the first six months of 2015, the alterations occurred in the consolidation perimeter were as follows:
Business Area - Europe - Engineering and Construction Bukowinska Project Development
Business Area - Europe - Environment and Services Transitex Serviços de Logistica Transitex China
Business Area - Latin America
Mota-Engil Turismo (Mex)
| Száz - Invest in Mota-Engil Real Estate Hungria Bicske Plaza in Mota-Engil Real Estate Hungria |
Business Area - Europe - Engineering and Construction | |
|---|---|---|
| Zold-Project 2 in Mota-Engil Real Estate Hungria |
| Business Area - Europe - Engineering and Construction | |
|---|---|
| M-Invest Bohdalec liquidated in April 2015 | |
| ME Project 1 liquidated in April 2015 | |
| Jeremiasova sold in April 2015 |
Investments in subsidiaries included in consolidated financial statements
Investments in subsidiaries included in consolidated financial statements using the full consolidation method, their registered offices, the percentage of share capital held, their business, their constitution date, are as follows:
| Designation | Headquarters | Effective holding percentage |
Activity | Set up date | Acquisition date |
|---|---|---|---|---|---|
| Parent Company of the Group and Related Activities | |||||
| Mota-Engil, SGPS, S.A., Sociedade Aberta ("Mota-Engil SGPS") | Portugal (Porto) |
- | Management of financial holdings | ago-90 | - |
| Largo do Paço – Investimentos Turísticos e Imobiliários, Lda. ("Largo do Paço") |
Portugal (Amarante) |
100,00 | Real Estate Development | - | out-01 |
| Through Mota-Engil SGPS ME 3I, SGPS, S.A. ("ME 3I SGPS") |
Portugal | 100,00 61,20 |
Management of financial holdings | out-11 | - |
| Through Mota-Engil Indústria e Inovação MESP - Mota Engil , Serviços Partilhados, Administrativos e de Gestão, S.A. ("Mota-Engil Serviços Partilhados") |
(Linda-a-Velha) Portugal (Porto) |
61,20 100,00 |
Administrative Services | dez-02 | - |
| Through Mota-Engil Engenharia Mota-Engil, Brands Development Limited ("Mota-Engil Brands |
Ireland | 100,00 100,00 |
Marketing and development of | dez-09 | - |
| Development") Through Mota-Engil, SGPS |
(Dublin) | 100,00 | trademarks and other intellectual property |
||
| Mota-Engil Indústria e Inovação, SGPS, S.A. ("Mota-Engil Indústria e Inovação") |
Portugal (Linda-a-Velha) |
100,00 | Management of financial holdings | nov-10 | - |
| Through Mota-Engil SGPS MK Contractors, LLC ("MKC") |
USA | 100,00 100,00 |
Real Estate Development | mar-02 | - |
| Through Mota-Engil Engenharia | (Miami) | 100,00 | |||
| Mota-Engil Finance, B.V. ("ME Finance BV") Through Mota-Engil SGPS |
Netherlands (Amsterdam) |
100,00 100,00 |
Consulting Services | dez-12 | - |
| Mota-Engil Mining Management (Proprietary) Limited ("ME Mining Management") Through Mota-Engil Minerals Mining Investment B.V. |
South Africa (Johannesburg) |
100,00 100,00 |
Human Resources Management in Mining | abr-11 | - |
| Mota-Engil Minerals & Mining (Malawi) Limited ("ME Minerals & Mining Malawi") |
Malawi (Lilongwe) |
99,99 | Prospecting, exploitation and processing of minerals |
mar-11 | - |
| Through Mota-Engil Minerals Mining Investment B.V. Mota-Engil Minerals & Mining (Zimbabwe) (Private) Limited ("ME Minerals & Mining Zimbabwe") |
Zimbabwe (Harare) |
99,99 100,00 |
Prospecting, exploitation and processing of minerals |
mai-11 | - |
| Through Mota-Engil Minerals Mining Investment B.V. Mota-Engil Minerals Mining Investment B.V. ("ME Minerals Mining Investment BV") |
Netherlands (Amsterdam) |
100,00 100,00 |
Management of other companies | out-10 | - |
| Through Mota-Engil SGPS RTA - Rio Tâmega, Turismo e Recreio, S.A. ("RTA") |
Portugal | 100,00 100,00 |
Real Estate and Tourism | - | mai-00 |
| Through Mota-Engil SGPS SGA – Sociedade de Golfe de Amarante, S.A. ("SGA") |
(Amarante) Portugal |
100,00 97,17 |
Golf Practice and Marketing and related | dez-00 | - |
| Through RTA Through Mota-Engil Engenharia |
(Amarante) | 96,89 0,28 |
activities | ||
| Europe | |||||
| Engineering and Construction | |||||
| Mota-Engil Engenharia e Construção, S.A. ("Mota-Engil Engenharia") | Portugal | 100,00 | Construction works, and purchase and | - | dez-00 |
| Through Mota-Engil Europa Aurimove – Sociedade Imobiliária, S.A. ("Aurimove") |
(Amarante) Portugal |
100,00 100,00 |
sale of real estate Real Estate Development |
dez-93 | - |
| Through Mota-Engil Real Estate Portugal | (Porto) | 100,00 | |||
| Calçadas do Douro - Sociedade Imobiliária, Lda. ("Calçadas do Douro") | Portugal | 100,00 | Real Estate Development | - | set-00 |
| Through Mota-Engil Real Estate Portugal Carlos Augusto Pinto dos Santos & Filhos S.A. ("Capsfil") |
(Porto) Portugal |
100,00 100,00 |
Extraction of gravel, sand and crushed | mar-77 | out-09 |
| Through Mota-Engil Engenharia | (Vila Flor) | 100,00 | stone | ||
| Corgimobil - Empresa Imobiliária das Corgas, Lda. ("Corgimobil") Through Mota-Engil Engenharia Through Mota-Engil Real Estate Portugal |
Portugal (Cascais) |
97,25 71,79 25,46 |
Construction works, studies and real estate |
- | nov-00 |
| Edifício Mota Viso – Soc. Imobiliária, Lda. ("Mota Viso") | Portugal | 100,00 | Real Estate Development | jun-94 | - |
| Through Mota-Engil Real Estate Portugal Edipainel – Sociedade Imobiliária, Lda. ("Edipainel") |
(Porto) Portugal |
100,00 100,00 |
Real Estate Development | mar-02 | - |
| Through Mota-Engil Real Estate Portugal Through Mota-Engil Engenharia |
(Porto) | 70,00 30,00 |
|||
| Glan Agua, Ltd ("Glanagua") Through MEIS |
Ireland (Ballinasloe) |
70,00 70,00 |
Treatement of waste, exploitation and management of water sytems |
jan-08 | - |
| Grossiman, S.L. ("Grossiman") Through Mota-Engil Engenharia |
Spain (Alcobendas) |
100,00 100,00 |
Special foundations | fev-96 | dez-95 |
| Mercado Urbano - Gestão Imobiliária, S.A. ("Mercado Urbano") | Portugal | 100,00 | Real Estate Development | jul-09 | mar-11 |
| Through Mota-Engil Engenharia Motadómus - Sociedade Imobiliária, Lda. ("Motadómus") |
(Porto) Portugal |
100,00 100,00 |
Construction works | jan-97 | jan-01 |
| Through Aurimove | (Porto) | 95,00 | |||
| Through Mota-Engil Real Estate Portugal Mota-Engil Ireland Construction Limited ("Mota-Engil Irlanda") |
Ireland | 5,00 60,00 |
Construction works | out-07 | - |
| Through Mota-Engil Engenharia | (Dublin) | 60,00 |
| Designation | Headquarters | Effective holding percentage |
Activity | Set up date | Acquisition date |
|---|---|---|---|---|---|
| Mota-Engil Ireland Services Ltd. ("MEIS") Through Mota-Engil Engenharia |
Ireland (Dublin) |
70,00 70,00 |
Treatement of waste, exploitation and management of water sytems |
jan-08 | - |
| Vibeiras – Sociedade Comercial de Plantas, S.A. ("Vibeiras") Through Mota-Engil Engenharia |
Portugal (Torres Novas) |
66,67 66,67 |
Landscape gardening | jul-88 | out-98 |
| VBT - Projectos e Obras de Arquitectura Paisagística, Lda ("VBT") Through Vibeiras |
Angola (Luanda) |
43,34 33,34 |
Landscape gardening | set-08 | - |
| Through Mota-Engil Ambiente e Serviços Áreagolfe - Gestão, Construção e Manutenção de Campos de Golfe, S.A. |
Portugal | 10,00 66,67 |
Management, construction and | - | jul-07 |
| ("Áreagolfe") Through Vibeiras |
(Torres Novas) | 66,67 | maintenance of golf courses | ||
| ME Real Estate - Mota-Engil Real Estate Portugal, S.A. ("Mota-Engil Real Estate Portugal") |
Portugal (Porto) |
100,00 | Real Estate Development | set-01 | - |
| Through Mota-Engil Engenharia | 100,00 | ||||
| Nortedomus, Sociedade Imobiliária SA. ("Nortedomus") | Portugal | 100,00 | Real Estate Development | - | out-01 |
| Through Mota-Engil Engenharia | (Lisbon) | 100,00 | |||
| Sedengil – Sociedade Imobiliária, S.A. ("Sedengil") | Portugal | 100,00 | Real Estate Development | out-82 | mai-95 / mai-97 |
| Through Mota-Engil Engenharia | (Matosinhos) | 100,00 | |||
| Mota-Engil Central Europe, SGPS, S.A. ("Mota-Engil Central Europe SGPS") Through Mota-Engil Europa |
Portugal (Porto) |
100,00 100,00 |
Management of financial holdings | dez-02 | - |
| Bergamon, A.S. ("Bergamon") | Slovakia | 100,00 | Real Estate Development | mai-04 | - |
| Through Mota-Engil Central Europe, SGPS | (Bratislava) | 100,00 | |||
| Bohdalecká Project Development s.r.o. ("Bohdalecká") | Czech Republic | 100,00 | Real Estate Development | - | set-07 |
| Through Mota-Engil Central Europe, SGPS | (Prague) | 100,00 | |||
| Grota-Roweckiego Project Development Sp. z o.o. ("Grota-Roweckiego Project Development ") |
Poland | 100,00 | Real Estate Development | out-12 | - |
| Through Mota-Engil Central Europe, SGPS | (Cracow) | 100,00 | |||
| Devonská Project Development A.S. ("Devonská") | Czech Republic | 100,00 | Real Estate Development | dez-06 | - |
| Through Mota-Engil Central Europe SGPS | (Prague) | 100,00 | |||
| Dmowskiego Project Development, Sp. z.o.o. ("Dmowskiego") | Poland | 100,00 | Real Estate Development | ago-07 | - |
| Through Mota-Engil Central Europe Polónia | (Cracow) | 100,00 | |||
| Ekosrodowisko z.o.o. In Liquidation ("Ekosrodowisko") Through MES |
Poland (Bytom) |
61,50 61,50 |
Urban solid waste | fev-05 | dez-05 |
| Hungária Hotel Ingatlanforgamazó, Kereskedelmi, és Szolgáltató Kft., | Hungary | 100,00 | Real Estate Development | jun-08 | - |
| Hungária Hotel Kft. ("Hotel Achat Hungria") Through Mota-Engil Central Europe, SGPS |
(Budapest) | 100,00 | |||
| Immo Park Gdańsk, Sp. z.o.o. ("Immo Park Gdańsk") | Poland | 100,00 | Design, construction, management and | mar-13 | - |
| Through Mota-Engil Central Europe Polónia | (Cracow) | 100,00 | exploitation of parking lots | ||
| Immo Park Warszawa, Sp. z.o.o. ("Immo Park Warszawa") Through Mota-Engil Central Europe Polónia |
Poland (Cracow) |
100,00 100,00 |
Design, construction, management and exploitation of parking lots |
out-12 | - |
| Immo Park, Sp. z.o.o. ("Immo Park") Through Mota-Engil Central Europe Polónia Through Mota-Engil Central Europe, SGPS |
Poland (Cracow) |
88,00 47,00 40,00 |
Design, construction, management and exploitation of parking lots |
jan-08 | mar-11 |
| Through Mota-Engil Engenharia | 1,00 | ||||
| Kilinskiego Project Development Sp. z.o.o. ("Kilinskiego") Through Mota-Engil Central Europe SGPS |
Poland (Cracow) |
100,00 100,00 |
Real Estate Development | ago-07 | - |
| Kilinskiego Property Investment Sp. z.o.o. ("Kilinskiego PI") Through Kilinskiego |
Poland (Cracow) |
100,00 99,99 |
Real Estate Development | set-11 | - |
| Through Mota-Engil Central Europe SGPS Kordylewskiego Project Development W Likwidacji Sp. z o.o. |
Poland | 0,01 100,00 |
Real Estate Development | fev-05 | - |
| ("Kordylewskiego") Through Mota-Engil Central Europe, SGPS |
(Cracow) | 100,00 | |||
| Lanval Sp. z o.o. ("Lanval") | Poland | 100,00 | Construction works and purchase and | - | dez-13 |
| Through Mota-Engil SGPS | (Cracow) | 100,00 | sale of real estate | ||
| MES, Mota-Engil Srodowisko, Sp. z.o.o. ("MES") | Poland | 61,50 | Urban solid waste | dez-05 | - |
| Through Suma | (Cracow) | 61,50 | |||
| Mota-Engil Central Europe Business Support Center Sp. z o. o. ("MESP Central Europe") |
Poland | 100,00 | Administrative Services | dez-09 | - |
| Through Mota-Engil Central Europe Polónia | (Cracow) | 100,00 | |||
| Metroepszolg, Zrt ("Metroepszolg") | Hungary | 100,00 | Public works | dez-00 | - |
| Through Mota-Engil Magyarország | (Budapest) | 100,00 |
| Designation | Headquarters | Effective holding percentage |
Activity | Set up date | Acquisition date |
|---|---|---|---|---|---|
| Mota-Engil Central Europe, S.A. ("Mota-Engil Central Europe Polónia") Through Mota-Engil Engenharia |
Poland (Cracow) |
100,00 100,00 |
Construction works | fev-53 | mar-99 |
| Mota-Engil Central Europe Ceska Republika, AS ("Mota-Engil Central Europe República Checa") Through Mota-Engil Central Europe Polónia |
Czech Republic (Prague) |
100,00 100,00 |
Construction and public works | jan-97 | - |
| Mota-Engil Central Europe Hungary Beruházási és Építoipari Kft. ("ME Central Europe Hungria") Through Mota-Engil Central Europe Polónia |
Hungary (Budapest) |
100,00 100,00 |
Construction and public works | fev-08 | - |
| SC Mota-Engil Central Europe Romania S.R.L. ("Mota-Engil Central Europe Roménia") Through Mota-Engil Central Europe Polónia |
Romania (Bucharest) |
100,00 100,00 |
Road construction works | jul-09 | - |
| Mota-Engil Central Europe Slovenská Republika, AS ("Mota-Engil Central Europe Eslováquia") Through Mota-Engil Central Europe SGPS |
Slovakia (Bratislava) |
100,00 100,00 |
Construction works | ago-04 | - |
| Mota-Engil Brand Management B.V. ("Mota-Engil Brand Management") Through Mota-Engil Central Europe, SGPS |
Netherlands (Amsterdam) |
100,00 100,00 |
Management of trademarks and other intellectual property |
dez-09 | - |
| SC ME Investitii AV s.r.l. ("Mota-Engil Investitii") Through Mota-Engil Central Europe, SGPS |
Romania (Bucharest) |
100,00 100,00 |
Real Estate Development | - | set-07 |
| Mota-Engil Magyarország Beruházási És Épitoipari Zrt. ("Mota-Engil Magyarország") |
Hungary | 100,00 | Public works | jan-96 | - |
| Through Mota-Engil Engenharia Mota-Engil Parking 2 Sp. z.o.o ("ME Parking 2") Through Mota-Engil Central Europe Polónia |
(Budapest) Poland (Cracow) |
100,00 100,00 100,00 |
Design, construction, management and exploitation of parking lots |
mar-12 | - |
| Mota-Engil Central Europe PPP Sp. z.o.o ("ME Central Europe PPP") Through Mota-Engil Central Europe Polónia |
Poland (Cracow) |
100,00 100,00 |
Design and construction of social housing |
mar-12 | - |
| Mota-Engil Central Europe PPP 2 Sp. z.o.o ("ME Central Europe PPP 2") Through Mota-Engil Central Europe Polónia |
Poland (Cracow) |
100,00 100,00 |
Design and construction of social housing |
dez/13 | - |
| Mota-Engil Central Europe PPP Road Sp. z.o.o ("ME Central Europe PPP Road") Through Mota-Engil Central Europe Polónia |
Poland (Cracow) |
100,00 100,00 |
Design and construction of social housing |
- | nov-13 |
| Mota-Engil Central Europe PPP 3 Sp. Z.o.o (ME Central Europe PPP 3) Through Mota-Engil Central Europe Polónia |
Poland (Cracow) |
100,00 100,00 |
Design and construction of social housing |
abr-14 | - |
| Grodkowska Project Development Sp. z.o.o ("Grodkowska Project Development ") Through Mota-Engil Central Europe SGPS |
Poland (Cracow) |
100,00 100,00 |
Design and construction of social housing |
mar-14 | - |
| Mota-Engil Real Estate Hungary Ingatlanforgalmazó, Kereskedelmi és Szolgáltató Kft.("Mota-Engil Real Estate Hungria") |
Hungary | 100,00 | Real Estate Development | jul-05 | - |
| Through Mota-Engil Central Europe, SGPS Mota-Engil Real Estate Management, sp. z.o.o. ("Mota-Engil Real Estate Management") Through Mota-Engil Central Europe, SGPS |
(Budapest) Poland (Cracow) |
100,00 100,00 100,00 |
Real Estate Development | jun-05 | - |
| Balice Project Development Sp. z o.o. ("Balice") Through Mota-Engil Central Europe, SGPS |
Poland (Cracow) |
100,00 100,00 |
Real Estate Development | out-12 | - |
| Sikorki Project Development Sp. z o.o. ("Sikorki") Through Mota-Engil Central Europe, SGPS |
Poland (Cracow) |
100,00 100,00 |
Real Estate Development | out-12 | - |
| Soltysowska Project Development Sp. z o.o. ("Soltysowska") Through Mota-Engil Central Europe, SGPS |
Poland (Cracow) |
100,00 100,00 |
Real Estate Development | nov-05 | - |
| Tetenyi Project Development Ingatlanforgalmazó, Kereskedelmi és Szolgáltató Kft "under liquidation" ("Tetenyi") |
Hungary | 100,00 | Real Estate Development | jan-05 | - |
| Through Mota-Engil Central Europe, SGPS Wilanow Project Development SP. z.o.o. ("Wilanow") Through Mota-Engil Central Europe, SGPS |
(Budapest) Poland (Cracow) |
100,00 100,00 100,00 |
Real Estate Development | jun-07 | - |
| Wilenska Project Development Sp. z.o.o. w likwidacji ("Wilenska") Through Mota-Engil Central Europe, SGPS |
Poland (Cracow) |
100,00 100,00 |
Real Estate Development | jan-05 | - |
| Bukowinska Project Development ("Bukowinska Project Development ") Through Mota-Engil Central Europe Polónia |
Poland (Cracow) |
100,00 100,00 |
Design and construction of social housing |
mar-15 | - |
| Designation | Headquarters | Effective holding percentage |
Activity | Set up date | Acquisition date |
|---|---|---|---|---|---|
| Environment and Services | |||||
| Mota-Engil, Ambiente e Serviços, SGPS, S.A. ("Mota-Engil Ambiente e Serviços") Through Mota-Engil Europa |
Portugal (Porto) |
100,00 100,00 |
Management of financial holdings | jun-97 | - |
| AGIR - Ambiente e Gestão Integrada de Resíduos, Lda. ("Agir") Through Mota-Engil Ambiente e Serviços Through Suma |
Cape Verde (Praia) |
80,75 50,00 30,75 |
Collection of urban solid waste | dez-07 | - |
| CH&P – Combined Heat & Power Anadia, Sociedade Unipessoal, Lda ("CH&P Anadia") Through Manvia |
Portugal (Linda-a-Velha) |
90,00 90,00 |
Exploitation of a co-generation plant for the production of electric and thermal energy |
mai-11 | - |
| CH&P – Combined Heat & Power Coja, Unipessoal, Lda ("CH&P Coja") Through Manvia |
Portugal (Linda-a-Velha) |
90,00 90,00 |
Exploitation of a co-generation plant for the production of electric and thermal energy |
mai-11 | - |
| Citrave - Centro Integrado de Tratamento de Resíduos de Aveiro, S.A. ("Citrave") Through Suma Through Novaflex |
Portugal (Lisbon) |
61,50 61,41 0,05 |
Treatment and disposal of non-hazardous waste |
dez-87 | out-06 |
| Through Suma Esposende Correia & Correia, Lda. ("Correia & Correia") |
Portugal | 0,05 48,19 |
Trade and collection of used oils | set-88 | fev-00 |
| Through Enviroil Enviroil SGPS, Lda. ("Enviroil") |
(Sertã) Portugal |
48,19 48,19 |
Management of financial holdings | nov-97 | - |
| Through Suma Enviroil II – Reciclagem de Óleos Usados, Lda. ("Enviroil II") |
(Torres Novas) Portugal (Torres Novas) |
48,19 43,37 43,37 |
Oil recycling, electricity production and bulk trade of fuels and related products |
abr-11 | - |
| Through Enviroil Ferrol Container Terminals S.A. ("Ferrol") Through TCL |
Spain (Ferrol) |
34,80 34,80 |
Cargo handling | mar-11 | - |
| InvestAmbiente - Recolha de Resíduos e Gestão de Sistemas de Saneamento Básico, S.A. ("Investambiente") Through Novaflex |
Portugal (Lisbon) |
31,98 31,98 |
Collection of non-hazardous waste | fev-00 | dez-07 |
| Liscont - Operadores de Contentores, S.A. ("Liscont") Through TTP |
Portugal (Lisbon) |
52,36 52,36 |
Port operations | nov-83 | out-06 |
| Lokemark - Soluções de Marketing, S.A. ("Lokemark") Through Mota-Engil Ambiente e Serviços |
Portugal (Setúbal) |
70,00 70,00 |
Services, marketing solutions, construction and sale of data bases, management and exploitation of the postal service's infrastructures |
jun-03 | set-07 |
| Manvia - Manutenção e Exploração de Instalações e Construção, S.A. ("Manvia") Through Mota-Engil Ambiente e Serviços |
Portugal (Linda-a-Velha) |
90,00 90,00 |
Maintenance and exploitation of installations |
jul-94 | jun-98 |
| Mota-Engil Europa, S.A. ("Mota-Engil Europa") Through Mota-Engil SGPS |
Portugal (Linda-a-Velha) |
100,00 100,00 |
Construction works, and purchase and sale of real estate |
jun-10 | - |
| Mota-Engil II, Gestão, Ambiente, Energia e Concessões de Serviços, S.A. ("MEAS II") |
Portugal (Porto) |
100,00 | Projects' management | dez-03 | - |
| Through Mota-Engil Ambiente e Serviços Multiterminal - Soc. de Estiva e Tráfego, S.A. ("Multiterminal") |
Portugal | 100,00 100,00 |
Exploitation of port terminals | mai-79 | out-06 |
| Through Tertir Nova Beira - Gestão de Resíduos, S.A. ("Nova Beira") Through Novaflex Through Investambiente |
(Lisbon) Portugal (Lisbon) |
100,00 30,85 20,30 10,55 |
Treatment and disposal of non-hazardous waste |
- | dez-07 |
| Novaflex - Técnicas do Ambiente, S.A. ("Novaflex") Through Suma |
Portugal (Lisbon) |
61,50 61,50 |
Collection of other non-hazardous waste | - | dez-07 |
| Proempar - Promoção e Gestão de Parques Empresariais e Tecnológicos, S.A. ("Proempar") Through Mota-Engil Ambiente e Serviços Through Mota-Engil Engenharia |
Portugal (Porto) |
100,00 74,00 26,00 |
Marketing, management and exploitation of technological and industrial business parks |
out-06 | - |
| PTT - Parque Tecnológico do Tâmega, S.A. ("PTT") Through Proempar Through Mota-Engil Ambiente e Serviços Through Mota-Engil Engenharia |
Portugal (Felgueiras) |
90,00 70,00 10,00 10,00 |
Marketing and management of technological business hosting |
dez-06 | - |
| Real Verde - Técnicas de Ambiente, S.A. ("Real Verde") Through Novaflex |
Portugal (Vila Real) |
61,50 61,50 |
Treatment and disposal of other non hazardous waste |
dez-07 | - |
| Resiges - Gestão de Resíduos Hospitalares, Lda. ("Resiges") Through Novaflex |
Portugal (Setúbal) |
61,50 61,50 |
Collection of hazardous waste | mai-98 | dez-07 |
| Resilei – Tratamento de Resíduos Industriais, S.A. ("Resilei") Through Suma |
Portugal (Leiria) |
30,75 30,75 |
Treatment and disposal of other non hazardous waste |
- | jun-03 |
| Rima – Resíduos Industriais e Meio Ambiente, S.A. ("Rima") Through Suma |
Portugal (Lourosa) |
59,12 59,12 |
Treatment of industrial waste | ago-01 | - |
| Sealine - Navegação e Afretamentos, Lda ("Sealine") Through Socarpor SGPS Through Socarpor Aveiro |
Portugal (Aveiro) |
38,39 32,26 6,13 |
Navigation agents | - | out-06 |
| SIGA - Serviço Integrado de Gestão Ambiental, S.A. ("Siga") Through Suma |
Portugal (Ponta Delgada) |
43,05 43,05 |
Treatment and disposal of non-hazardous waste |
out-08 | - |
| Designation | Headquarters | Effective holding percentage |
Activity | Set up date | Acquisition date |
|---|---|---|---|---|---|
| Socarpor - Soc. Cargas Port. (Aveiro), S.A. ("Socarpor Aveiro") | Portugal | 40,85 | Port services | - | out-06 |
| Through Socarpor SGPS Through TTP |
(Aveiro) | 28,47 6,31 |
|||
| Through Socarpor Aveiro (own shares) | 6,07 | ||||
| Socarpor - Soc. Gestora de Participações Sociais (Douro/ Leixões), S.A. | Portugal | 37,96 | Management of financial holdings | - | out-06 |
| ("Socarpor SGPS") | (Matosinhos) | ||||
| Through TTP and own shares | 37,96 | ||||
| Sotagus - Terminal de Contentores de Santa Apolónia, S.A. ("Sotagus") | Portugal | 63,13 | Port operations | - | out-06 |
| Through TTP | (Lisbon) | 63,13 | |||
| SRI - Gestão de Resíduos, Lda ("SRI") | Portugal | 48,19 | Collection of hazardous waste | jul-08 | - |
| Through Correia & Correia SIGAMB - Sistemas de Gestão Ambiental, Lda. (Angola) ("SIGAMB") |
(Sertã) Angola |
48,19 61,44 |
Technical studies, consulting and | fev-14 | |
| Through Novaflex | (Luanda) | 61,44 | environmental trainning | ||
| STM - Sociedade de Terminais de Moçambique, Lda ("STM") | Mozambique | 50,00 | Port operations | fev-94 | fev-94 |
| Through Tertir | (Maputo) | 50,00 | |||
| Suma (Douro) - Serviços Urbanos e Meio Ambiente, Lda. ("Suma Douro") | Portugal | 61,50 | Collection of urban solid waste | jul-00 | - |
| Through Suma | (Murça) | 61,50 | |||
| Suma (Esposende) - Serviços Urbanos e Meio Ambiente, Lda. ("Suma | Portugal | 61,50 | Collection of urban solid waste | dez-99 | - |
| Esposende") | (Esposende) | ||||
| Through Suma | 61,50 | ||||
| Suma (Macau), Lda. ("Suma Macau") Through Suma |
China (Macau) |
60,89 60,89 |
Collection of urban solid waste | - | dez-13 |
| Suma (Matosinhos) - Serviços Urbanos e Meio Ambiente, S.A. ("Suma | Portugal | 61,50 | Collection of urban solid waste | dez-00 | - |
| Matosinhos") | (Matosinhos) | ||||
| Through Suma | 61,50 | ||||
| Suma (Porto) - Serviços Urbanos e Meio Ambiente, S.A. ("Suma Porto") | Portugal | 61,50 | Collection of urban solid waste | nov-08 | - |
| Through Suma | (Porto) | 61,50 | |||
| Suma (Tratamento), S.A. ("Suma Tratamento") | Portugal | 59,20 | Collection of urban solid waste | out-14 | - |
| Through Suma | (Lisboa) | 49,19 | |||
| Through Suma Esposende | 0,01 | ||||
| Through Novaflex | 0,01 | ||||
| Through Mota-Engil Ambiente e Serviços Suma – Serviços Urbanos e Meio Ambiente, S.A. ("Suma") |
10,00 61,50 |
||||
| Through Mota-Engil Ambiente e Serviços | Portugal (Lisbon) |
61,50 | Collection of urban solid waste | jun-94 | - |
| Takargo-Trasporte de Mercadorias, S.A. ("Takargo") | Portugal | 100,00 | Rail transport of goods | set-06 | - |
| Through ME Logística | (Linda-a-Velha) | 70,00 | |||
| Through Mota-Engil Engenharia | 30,00 | ||||
| TCL - Terminal de Contentores de Leixões, S.A. ("TCL") | Portugal | 34,80 | Cargo handling | jan-96 | - |
| Through TTP | (Matosinhos) | 18,69 | |||
| Through TCL (own shares) | 1,78 | ||||
| Through Socarpor SGPS | 14,33 | ||||
| TCR – Tratamento Complementar de Resíduos, S.A. ("TCR") Through Suma |
Portugal (Porto) |
37,29 36,29 |
Construction and exploitation of a landfill |
nov-12 | - |
| Through Mota-Engil Engenharia | 1,00 | ||||
| Mota-Engil Logística, SGPS, S.A. ("ME Logística") | Portugal | 100,00 | Management of financial holdings | abr-13 | - |
| Through Mota-Engil Ambiente e Serviços | (Porto) | 100,00 | |||
| Tertir - Concessões Portuárias, SGPS, S.A. ("Tertir SGPS") | Portugal | 100,00 | Management of financial holdings | out-07 | - |
| Through Tertir | (Linda-a-Velha) | 68,89 | |||
| Through Multiterminal | 31,11 | ||||
| Tertir - Terminais de Portugal, S.A. ("Tertir") | Portugal | 100,00 | Exploitation of port terminals | - | out-06 |
| Through Mota-Engil Ambiente e Serviços Through ME Logística |
(Matosinhos) | 64,67 35,33 |
|||
| Tertir - Terminais Portuários, SGPS, S.A. ("TTP") | Portugal | 63,13 | Management of financial holdings | jun-13 | - |
| Through ME Logística | (Linda-a-Velha) | 63,13 | |||
| Porlis - Empresa de Trabalho Portuário, Lda ("Porlis") | Portugal | 52,74 | Temporary assignment of employees to | set-13 | - |
| Through Liscont | (Lisbon) | 28,80 | carry out port cargo handling tasks. | ||
| Through Sotagus | 18,94 | ||||
| Through Multiterminal | 5,00 |
| Designation | Effective holding Headquarters percentage |
Activity | Set up date | Acquisition date | |
|---|---|---|---|---|---|
| Transitex do Brasil Serviços de Logística, Ltda. ("Transitex Brasil") Through Transitex Spain Through Transitex Portugal |
Brazil (São Paulo) |
85,00 84,41 0,60 |
Organisation of transport by land, sea or air |
mai-10 | - |
| Transitex Colombia, S.A.S.("Transitex Colombia") | Colombia | 85,00 | Organisation of transport by land, sea or air |
dez-11 | jan-12 |
| Through Transitex Spain Transitex Moçambique, Lda ("Transitex Moçambique") Through Transitex Portugal Through Transitex Spain |
(Bogotá) Mozambique (Maputo) |
85,00 85,00 80,75 4,25 |
Organisation of transport by land, sea or air |
nov-08 | - |
| Transitex México, S.A. de C.V. ("Transitex México") Through Transitex Spain Through Transitex Portugal |
Mexico (Mexico City) |
85,00 85,00 0,002 |
Organisation of transport by land, sea or air |
fev-09 | - |
| Transitex - Trânsitos de Extremadura, S.A. ("Transitex Portugal") Through Transitex Spain |
Portugal (Lisbon) |
85,00 85,00 |
Organisation of transport by land, sea or air |
mai-08 | - |
| Transitex - Trânsitos de Extremadura, S.L. ("Transitex Espanha") Through Tertir SGPS |
Spain (Badajoz) |
85,00 85,00 |
Organisation of transport by land, sea or air |
nov-02 | - |
| Transitex Itália S.R.L ("Transitex Itália") Through Transitex Espanha |
Italia (Milan) |
85,00 85,00 |
Organisation of transport by land, sea or air |
mar-14 | - |
| Transitex - Global Logistics Operations (PTY) ltd. ("Transitex África do Sul") | South Africa | 85,00 | Organisation of transport by land, sea or air |
jan-12 | - |
| Through Transitex Portugal Transitex Transitos Extremadura Chile SPA ("Transitex Chile") |
(Isando) Chile |
85,00 85,00 |
Organisation of transport by land, sea or | abr-14 | - |
| Through Transitex Brasil Transitex China International Freight Forwarders, Co. Ltd ("Transitex |
(Santiago) China |
85,00 85,00 |
air Organisation of transport by land, sea or |
mar-15 | - |
| China") Through Transitex Portugal |
(Shangai) | 85,00 | air | ||
| Transitex Serviços de Logística ("Transitex Serviços de Logística ") Through Transitex Portugal Through Transitex Spain |
Brasil (São Paulo) |
85,00 0,60 84,41 |
Organisation of transport by land, sea or air |
||
| Tratofoz - Sociedade de Tratamento de Resíduos, S.A. ("Tratofoz") Through Mota-Engil Ambiente e Serviços Through Suma |
Portugal (Porto) |
99,62 99,00 0,62 |
Collection of urban solid waste | out-02 | - |
| Triu - Técnicas de Resíduos Industriais e Urbanos, S.A. ("Triu") Through Enviroil |
Portugal (Loures) |
48,19 48,19 |
Collection of non-hazardous waste | abr-91 | set-08 |
| Africa | |||||
| Mota-Engil Engenharia e Construção África, S.A. ("MEEC África") Through Mota-Engil África N.V. |
Portugal (Porto) |
81,92 81,92 |
Construction works | ago-12 | - |
| Mota-Engil África, N.V. ("ME África NV") Through Mota-Engil SGPS |
Netherlands (Amsterdam) |
81,92 81,92 |
Management of societies' management | out-12 | - |
| Mota-Engil África, SGPS, S.A. ("Mota-Engil África") Through MEEC Africa |
Portugal (Porto) |
81,92 81,92 |
Management of financial holdings | mai-10 | - |
| Mota-Engil África Finance B.V. ("ME África Finance BV") Through Mota-Engil África N.V. |
Netherlands (Amsterdam) |
81,92 81,92 |
Management of societies' management | mai-14 | - |
| Mota-Engil África Global Technical Services B.V. ("ME África GTS BV") Through Mota-Engil África N.V. |
Netherlands (Amsterdam) |
81,92 81,92 |
Management of societies' management | mai-14 | - |
| Mota Internacional – Comércio e Consultadoria Económica, Lda. ("Mota Internacional") Through Mota-Engil Africa |
Portugal (Funchal) |
81,92 81,92 |
Trade and management of international holdings |
set-97 | dez-98 |
| Akwangola, S.A. ("Akwangola") Through Vista Water |
Angola (Luanda) |
45,47 45,47 |
Exploitation of water market | dez-10 | dez 13 |
| Centro de Estudos e Consultas Técnicas, Lda. ("Cecot") Through MEEC Africa |
Mozambique (Maputo) |
81,92 81,92 |
Construction works' projects and inspection |
set-98 | abr-11 |
| Cosamo (Proprietary) Limited ("Cosamo") Through Mota Internacional |
South Africa (Johannesburg) |
81,92 81,92 |
Commercial | dez-76 | - |
| Fibreglass Sundlete (Moç), Lda. ("Fibreglass") Through ME Mauritius |
Mozambique (Maputo) |
81,92 81,92 |
Commercial | ago-62 | mar-99 |
| Ecolife, S.A. ("Ecolife") Através da Mota-Internacional |
Moçambique (Maputo) |
51,22 32,77 |
Collection of urban solid waste | dez-13 | - |
| Através da Suma Mota-Engil África Moçambique, Lda., ("Emocil") Through MEEC Africa |
Mozambique (Maputo) |
18,45 81,92 40,96 |
Real Estate Development | jul-94 | - |
| Through Indimo Fatra - Fábrica de Trefilaria de Angola, S.A. ("Fatra") Through Mota-Engil Angola |
Angola (Luanda) |
40,96 29,25 29,25 |
Manufacturing of iron-derived products | - | nov-10 |
| Mota-Engil Angola, S.A. ("Mota-Engil Angola") | Angola | 41,78 | Construction works and public and private works |
mai-10 | - |
| Through Mota Internacional Indimo, Lda. ("Indimo") Through Cecot |
(Luanda) Mozambique (Maputo) |
41,78 81,92 40,96 |
Real Estate Development | - | out-04 |
| Through MEEC Africa Malawi Ports Company Limited ("Malawi Ports Company") Through MEEC Africa |
Malawi (Lilongwe) |
40,96 81,92 72,09 |
Sea transport | nov-10 | - |
| Through ME Malawi Malawi Shipping Company Limited ("Malawi Shipping Company") Through MEEC Africa |
Malawi (Lilongwe) |
9,83 81,92 72,09 |
Sea transport | nov-10 | - |
| Through ME Malawi | 9,83 |
| Designation | Headquarters | Effective holding percentage |
Activity | Set up date | Acquisition date |
|---|---|---|---|---|---|
| Martinox, SA ("Martinox") | Angola | 39,69 | Stainless steel works | fev-08 | dez-11 |
| Through Mota-Engil Angola Mota & Companhia Maurícias, Lda. ("ME Maurícias") |
(Benguela) Mauritius |
39,69 81,92 |
Construction works | mai-10 | - |
| Through MEEC Africa Mota-Engil Construction South Africa, Pty Ltd ("ME Construction South Africa") |
(Ebene) South Africa (Johannesburg) |
81,92 81,92 |
Construction works | mar-14 | - |
| Through Mota-Engil Investments South Africa | 81,92 | ||||
| Mota-Engil (Malawi) Limited ("ME Malawi") Through MEEC Africa |
Malawi (Lilongwe) |
81,91 81,91 |
Public works and /or construction works contractor |
jul-11 | - |
| Mota-Engil Investments (Malawi) Limited ("ME Investments Malawi") | Malawi | 81,10 | Public works and /or construction works | mar-11 | - |
| Through Mota-Engil Africa Mota-Engil Investments South Africa, Pty Ltd ("Mota-Engil Investments |
(Lilongwe) South Africa |
81,10 81,92 |
contractor | - | mar-14 |
| South Africa") Through Mota Internacional |
(Johannesburg) | 81,92 | Public works and /or construction works contractor |
||
| Mota-Engil S.Tomé e Principe, Lda. ("Mota-Engil S.Tomé") | S. Tomé e Príncipe | 81,92 | Public works and /or construction works | dez-04 | - |
| Through Mota Internacional Through MEEC Africa |
(S. Tomé) | 77,82 4,10 |
contractor | ||
| Novicer-Cerâmicas de Angola,(SU) Limitada. ("Novicer") | Angola | 41,78 | Manufacturing and trade in clay goods | set-07 | - |
| Through Mota-Engil Angola Prefal – Préfabricados de Luanda, Lda. ("Prefal") |
(Luanda) Angola |
41,78 37,60 |
Manufacturing of prestressed goods | dez-93 | - |
| Through Mota-Engil Angola | (Luanda) | 37,60 | |||
| Penta - Engenharia e Construção, Lda. ("Penta") Through MEEC Africa Through Mota Internacional |
Cape Verde | 81,92 78,64 3,28 |
Construction works and public and private works |
abr-07 | - |
| Rentaco Angola - Equipamentos e Transportes, (SU) Limitada. ("Rentaco | Angola | 41,78 | Rental of construction equipment | jan-08 | - |
| Through Mota-Engil Angola | (Luanda) | 41,78 | |||
| Sonauta - Sociedade de Navegação, Lda. ("Sonauta") Through Mota Internacional |
Angola (Luanda) |
81,92 81,92 |
Sea transport, excluding coastal transport |
nov-94 | - |
| Tracevia Angola - Sinalização, Segurança e Gestão de Tráfego, Lda. ("Tracevia Angola") |
Angola (Luanda) |
33,42 | Road signs | - | set-07 |
| Through Mota-Engil Angola | 33,42 | ||||
| Vista Energy Environment & Services, S.A. ("Vista SA") Through Mota-Engil Angola |
Angola (Luanda) |
41,78 41,78 |
Management of financial holdings | jul-08 | dez-13 |
| Vista Waste Management, Lda ("Vista Waste") | Angola | 51,44 | Collection of waste | dez-09 | dez-13 |
| Through Mota-Engil Angola Through Vista SA |
(Luanda) | 4,18 17,13 |
|||
| Through Suma | 30,14 | ||||
| Vista Multi Services, Lda ("Vista Multi Services") | Angola | 41,78 | Urban services | mai-09 | dez-13 |
| Through Vista SA Through Mota-Engil Angola |
(Luanda) | 33,42 8,36 |
|||
| Vista Water, Lda. ("Vista Water") | Angola | 45,51 | Exploitation of the water market | mai-09 | dez-13 |
| Through Mota-Engil Angola Through Vista SA |
(Luanda) | 5,22 17,76 |
|||
| Through Indaqua | 22,53 | ||||
| Latin America | |||||
| Mota-Engil Latin America BV ("ME Latin America") | Netherlands | 100,00 | Management of financial holdings | nov-98 | - |
| Through Mota-Engil SGPS | (Amsterdam) | 100,00 | |||
| Consita Tratamento de Resíduos, S.A. ("Consita") Through ECB Suma Participações |
Brazil (Belo Horizonte) |
38,45 38,45 |
Construction and public works | - | dez-14 |
| Construcciones dos Puertos SA de CV ("Construcciones dos Puertos") | Mexico | 70,00 | Construction and public works | jul-12 | - |
| Through Mota-Engil Mexico Constructora Concessionária Autopista Cardel-Poza Rica, S.A. de CV |
(Xalapa) Mexico |
70,00 40,00 |
Construction and public works | nov-14 | - |
| ("Constructora Cardel-Poza Rica") | (Mexico City) | ||||
| Through Mota-Engil Mexico Constructora Gran Canal SAPI de CV ("Constructora Gran Canal") |
Mexico | 40,00 33,40 |
Construction and public works | jul-14 | - |
| Through Mota-Engil México | (Mexico City) | 33,40 | |||
| Empresa Construtora Brasil, SA ("Empresa Construtora Brasil") | Brazil | 50,00 | Construction and public works | nov-12 | - |
| Through Mota-Engil Brasil Participações, Ltda ECB Suma Participações, S.A. ("ECB Suma Participações") |
(Belo Horizonte) Brazil |
50,00 54,93 |
Management of financial holdings | dez-14 | - |
| Through Empresa Construtora Brasil Through Suma |
(Belo Horizonte) | 28,58 26,35 |
|||
| Rentaco Peru, S.A. ("Rentaco Peru") | Peru | 100,00 | Generation and distribution of electric | fev-13 | - |
| Through Mota-Engil Peru Through Mota-Engil Energia Peru |
(Lima) | 99,90 0,10 |
energy | ||
| MEBR Construção, Consultoria e Participações, S.A. ("MEBR") | Brazil | 100,00 | Construction and public works | mar-11 | - |
| Through Mota-Engil Latin America BV Through Mota-Engil Peru |
(São Paulo) | 57,69 42,31 |
|||
| Mota-Engil America Latina S.A.P.I de C.V. ("Mota-Engil America Latina") | Mexico | 100,00 | Management of financial holdings | nov-13 | mai-14 |
| Through Mota-Engil SGPS Through Mota-Engil Latin America BV |
(Mexcio City) | 0,02 99,98 |
|||
| Mota-Engil Colômbia, S.A.S ("Mota-Engil Colômbia") | Colombia | 100,00 | Construction and public works | fev-11 | - |
| Through Mota-Engil Peru | (Bogota) | 100,00 | |||
| Mota-Engil Col, S.A.S ("Mota-Engil Col") Through Mota-Engil Engenharia |
Colombia (Bogota) |
100,00 99,00 |
Construction and public works | - | - |
| Through Mota-Engil Peru | 1,00 |
| Designation | Headquarters | Effective holding percentage |
Activity | Set up date | Acquisition date |
|---|---|---|---|---|---|
| Mota-Engil Energia Peru S.A. ("Mota-Engil Energia Peru") Through Mota-Engil Peru Through Mota-Engil Engenharia |
Peru (Lima) |
100,00 99,98 0,02 |
Other business activities | mai-11 | |
| Mota-Engil México, S.A. de C.V. ("Mota-Engil México") Through Mota-Engil Latin America BV Through Mota Internacional |
Mexico (Mexico City) |
100,00 99,98 0,02 |
Construction and public works | jan-10 | - |
| Mota-Engil-Opway Mexicana, S.A. De C.V. ("Mota-Engil-Opway Mexicana") | Mexico (Mexico City) |
100,00 | Management of financial holdings | jan-10 | - |
| Through Mota-Engil México Through Opway Mexico |
50,00 50,00 |
||||
| Mota-Engil Turismo S.A. De CV ("Mota-Engil Turismo (Mex)") Through Mota-Engil México |
Mexico (Mexico City) |
100,00 100,00 |
Real Estate and Tourism | fev-15 | - |
| Through Mota-Engil América Latina SAPI de CV Mota-Engil Peru, S.A. ("Mota-Engil Peru") Through Mota-Engil Latin America BV |
Peru (Lima) |
0,00 100,00 99,90 |
Construction and public works | set-86 | jun-98 |
| Through Mota-Engil Engenharia | 0,10 | ||||
| Mota-Engil Peru Ambiente e Serviços, S.A. ("MEAS Peru") Through Mota-Engil Peru |
Peru (Lima) |
100,00 100,00 |
Other business activities | out-11 | |
| Mota-Engil Prodi S.A.P.I. de C.V. ("Mota-Engil Prodi") Through Mota-Engil México |
Mexico (Mexico City) |
50,10 50,10 |
Construction and public works | fev-14 | - |
| Opway México ("Opway Mexico") Through Mota-Engil México |
Mexico (Mexico City) |
100,00 100,00 |
Construction and public works | ||
| Mota-Engil Chile S.A. ("Mota-Engil Chile") Through Mota-Engil Peru Through Mota- Engil Energia Peru |
Chile (Santiago) |
100,00 99,00 1,00 |
Construction and public works | fev-13 | |
| Tarucani Generating Company S.A. ("Tarucani") Through Mota- Engil Energia Peru |
Peru (Lima) |
100,00 99,98 |
Generation and distribution of electric energy |
abr-00 | |
| Through Mota- Engil Peru Tertir Peru, S.A. ("Tertir Peru") Through Tertir |
Peru (Lima) |
0,02 100,00 80,00 |
Exploitation of terminals | - | - |
| Through Mota-Engil Peru Tracevia do Brasil -Sistemas de Telemática Rodoviaria Ltda. ("Tracevia Brasil") |
Brazil | 20,00 100,00 |
Design, installation, development and | mar-11 | - |
| Through MEBR Engenharia, Consultoria e Participações, Ltda. Through ME Brasil Participações |
(São Paulo) | 99,00 1,00 |
maintenance of ITS | ||
| Promotora Inmobiliaria Santa Clara S.A. ("Santa Clara") Through Mota-Engil Peru |
Peru (Lima) |
100,00 100,00 |
Property promotion services | mai-12 | - |
| Consórcio Los Faisanes ("Consórcio Los Faisanes") Through Mota-Engil Peru |
Peru (Lima) |
100,00 100,00 |
Construction of departments | dez-11 | - |
| Consórcio Los Castãnos ("Consórcio Los Castãnos") Through Mota-Engil Peru |
Peru (Lima) |
100,00 100,00 |
Construction of departments | dez-11 | - |
| Consórcio Mota-Engil Ojeda & Iju Paracas ("Consorcio ME Ojeda & Iju") Through Mota-Engil Peru |
Peru (Lima) |
100,00 100,00 |
Construction of departments | dez-11 | - |
| Consórcio Fanning ("Consorcio Fanning") | Peru | 100,00 | Construction of departments | dez-11 | - |
| Through Mota-Engil Peru Consórcio Porta ("Consorcio Porta") |
(Lima) Peru |
100,00 100,00 |
Construction of departments | dez-11 | - |
| Through Mota-Engil Peru Consórcio La Ponciana ("Consorcio La Ponciana") |
(Lima) Peru |
100,00 100,00 |
Construction of departments | dez-11 | - |
| Through Mota-Engil Peru Consórcio GDL Viaduto, S.A.P.I de CV ("Consórcio GDL Viaduto") |
(Lima) Mexico |
100,00 42,90 |
Construction and public works | jun-14 | - |
| Through Mota-Engil México Consórcio Túnel Guadalajara, SAPI de CV ("Consórcio GDL Túnel") Through Mota-Engil México |
(Mexico City) Mexico (Mexico City) |
42,90 35,00 35,00 |
Construction and public works | jul-14 | - |
Group and associate companies included in the consolidation using the equity method, their registered offices and proportion of share capital held as at June 30, 2015, are as follows:
| Designation | Headquarters | Effective holding percentage |
|---|---|---|
| Associate companies | ||
| Parent Company of the Group and related activities | ||
| Nortenha Angola, SGPS, S.A. ("Nortenha") | Portugal | 29,99 |
| Riscos e Diâmetros Angola, SGPS, S.A. ("Riscos e Diâmetros Angola") | Portugal | 30,10 |
| SMGT Angola, SGPS, SA ("SMGT") | Portugal | 29,99 |
| Sangobiar Perú, S.A. ("Sangobiar") | Peru | 29,99 |
| Vitropor Moçambique, SGPS, S.A. ("Vitropor Moçambique") | Portugal | 30,10 |
| Europe - Engineering and Construction | ||
| Turalgo-Sociedade de Promoção Imobiliária e Turística do Algarve, S.A. ("Turalgo") | Portugal | 51,00 |
| Bay 6.3 Kft. ("Bay 6.3") - Grupo Obol Invest | Hungary | 32,18 |
| Bay Office Kft. ("Bay Office") - Grupo Obol Invest | Hungary | 32,18 |
| Bay Park Kft. ("Bay Park") - Grupo Obol Invest | Hungary | 32,18 |
| Bay Tower Kft. ("Bay Tower") - Grupo Obol Invest | Hungary | 32,18 |
| Bay Wellness Kft. ("Bay Wellness") - Grupo Obol Invest | Hungary | 32,18 |
| Engber Ingatlanforgalmazó És Szolgáltató Kft. ("Engber") - Grupo Obol Invest | Hungary | 32,18 |
| M-Invest Slovakia Mierova , s.r.o. ("Mierova") | Slovakia | 50,00 |
| Nádor Öböl Ingatlanforgalmazó És Beruházó Kft. ("Nádor Obol") - Grupo Obol Invest | Hungary | 32,18 |
| Öböl Invest Befektetési És Üzletviteli Tanácsadó Kft. ("Obol Invest") - Grupo Obol Invest | Hungary | 32,50 |
| Öböl XI Ingatlanforgalmazó És Beruházo És Szolgáltató Kft. ("Obol XI") - Grupo Obol Invest | Hungary | 32,18 |
| Sampaio Üzletviteli Tanácsadó Kft. ("Sampaio") - Grupo Obol Invest | Hungary | 32,18 |
| Europe - Environment and Services | ||
| Ambilital – Investimentos Ambientais no Alentejo, EIM. ("Ambilital") | Portugal | 30,14 |
| Chinalog - Serviços Logísticos e Consultadoria, Lda. ("Chinalog") | Portugal | 42,50 |
| Citrup – Centro Integrado de Resíduos, Lda. ("Citrup") | Portugal | 18,45 |
| Ecolezíria - Empresa Intermunicipal para Tratamento de Resíduos Sólidos, E. I. M. ("Ecolezíria") | Portugal | 15,07 |
| Haçor, Conc. Edifício do Hospital da Ilha Terceira, SA ("Haçor") | Portugal | 40,00 |
| HL - Sociedade Gestora do Edifício, S.A. ("HL - Sociedade Gestora do Edifício") | Portugal | 50,00 |
| HEPP - Hidroenergia de Penacova e Poiares, Lda. ("HEPP") | Portugal | 50,00 |
| Ibercargo Rail, S.A. ("Ibercargo") | Spain | 50,00 |
| Logz - Atlantic Hub, S.A. ("Logz") | Portugal | 30,00 |
| Manvia II Condutas, Lda. ("Manvia II Condutas") | Portugal | 45,00 |
| Manvia Condutas Moçambique, Lda. ("Manvia Condutas Moçambique") | Portugal | 47,25 |
| Operestiva - Empresa de Trabalho Portuário de Setúbal, Lda. ("Operestiva") - Grupo SLPP | Portugal | 18,94 |
| Sadoport - Terminal Marítimo do Sado, S.A. ("Sadoport") - Grupo SLPP | Portugal | 31,56 |
| SLPP - Serviços Logísticos de Portos Portugueses, S.A. ("SLPP") - Grupo SLPP | Portugal | 31,56 |
| Tersado - Terminais Portuários do Sado, S.A. ("Tersado") | Portugal | 15,78 |
| Africa | ||
| Automatriz, SA ("Automatriz") | Angola | 36,86 |
| Icer – Indústria de Cerâmica, Lda. ("Icer") | Angola | 20,89 |
| Latin America | ||
| M&R de Occidente SAPI de CV ("Concessionária M&R") | Mexico | 20,00 |
| Concessionária Autopista Cardel-Poza Rica SA de CV ("Concessionária Autopista Cardel") | Mexico | 40,00 |
| Concessionária Autopista Tuxpan-Tampico SA de CV ("Concessionária Autopista Tuxpan-Tampico") | Mexico | 33,40 |
| Constructora Auto-Pista Perote Xalapa, SA de CV ("Constructora Perote Xalapa") | México | 50,00 |
| Constructora M&R ("Constructora M&R") | México | 20,00 |
| Eco Innovacion Ambiental SAPI de CV ("Eco Innovacion") | Mexico | 35,00 |
| Gestion e Innovacion en Servicios Ambientales SA de CV ("GISA") | Mexico | 50,00 |
| Autopista Urbana Siervo de la Nacion, SAPI de CV ("Autopista Siervo de la Nacion") | Mexico | 33,34 |
| Martifer Group | Portugal | 37,50 |
| Designation | Headquarters | Effective holding percentage |
|---|---|---|
| Jointly controlled companies | ||
| Europe - Environment and Services | ||
| Aqualevel, Soc. Unipessoal, Lda. ("Aqualevel") - Grupo Indaqua | Portugal | 50,06 |
| Águas de S. João, E.M., S.A. ("Águas de S. João") - Grupo Indaqua | Portugal | 24,53 |
| Indaqua – Indústria e Gestão de Águas, S.A. ("Indaqua") - Grupo Indaqua | Portugal | 50,06 |
| Indaqua Fafe – Gestão de Águas de Fafe, S.A. ("Indaqua Fafe") - Grupo Indaqua | Portugal | 50,06 |
| Indaqua Feira - Indústria de Águas de Santa Maria da Feira, S.A. - ("Indaqua Feira") - Grupo Indaqua | Portugal | 50,06 |
| Indaqua Matosinhos - Gestão de Águas de Matosinhos, S.A. ("Indaqua Matosinhos") - Grupo Indaqua | Portugal | 49,81 |
| Indaqua Oliveira de Azeméis - Gestão de Águas de Oliveira de Azeméis, S.A. ("Indaqua Oliveira de Azeméis") - Grupo Indaqua | Portugal | 50,06 |
| Indaqua Santo Tirso/ Trofa – Gestão de Águas de Santo Tirso e Trofa, S.A. ("Indaqua Sto. Tirso/ Trofa") - Grupo Indaqua | Portugal | 50,06 |
| Indaqua Vila do Conde - Gestão de Águas de Vila do Conde, S.A. ("Indaqua V. Conde") - Grupo Indaqua | Portugal | 49,92 |
| Latin America | ||
| Terminais Portuários Euroandinos Paita, S.A. ("TPE Paita") | Peru | 50,00 |
| Ascendi Group | Portugal | 60,00 |
| Ascendi Group, SGPS | Portugal | 60,00 |
| Ascendi SA | Portugal | 60,00 |
| Scutvias–AE Beira Interior | Portugal | 13,34 |
| Ascendi Pinhal Interior | Portugal | 41,93 |
| Operadora Pinhal Interior | Portugal | 41,94 |
| MRN - Manutenção de rodovias nacionais | Portugal | 13,34 |
| Via Verde | Portugal | 12,00 |
| Concessionária Perote Xalapa | México | 30,00 |
| Ascendi Mexico, S.A. C.V | México | 60,00 |
| Concessão rodovias do Tiete - CRT (Brasil) | Brasil | 30,00 |
| Estradas do Zambeze | Moçambique | 24,00 |
| Operadora Estradas Zambeze | Moçambique | 24,00 |
| Ascendi Norte | Portugal | 44,92 |
| Ascendi Douro | Portugal | 48,45 |
| Ascendi B. Litoral e Alta | Portugal | 48,12 |
| Ascendi Costa de Prata | Portugal | 48,12 |
| Ascendi Grande Porto | Portugal | 48,12 |
| Ascendi Grande Lisboa | Portugal | 39,58 |
| Ascendi Operadora BLA | Portugal | 48,12 |
| Ascendi Operadora CP | Portugal | 48,12 |
| Ascendi Operadora GP | Portugal | 48,12 |
| Ascendi Operadora GL | Portugal | 39,58 |
| Lusoponte | Portugal | 22,81 |
| Ascendi Operadora DI | Portugal | 48,45 |
| Ascendi Operadora NT | Portugal | 44,92 |
| Ascendi O&M | Portugal | 60,00 |
| Ascendi International Holding, B.V. | Holanda | 60,00 |
| Ascendi Financing, B.V. | Holanda | 60,00 |
| Portvias | Portugal | 13,34 |
| Ascendi IGI | Portugal | 60,00 |
| Ascendi Brasil | Brasil | 59,40 |
| Operadora Perote Xalapa | México | 30,00 |
| Suc Moçambique Ascendi | Moçambique | 60,00 |
| ESConcessions Latam Holding B.V. | Holanda | 60,00 |
CONSTRUCTION 2014 AWARDS BUILDER OF THE YEAR
I IDF AWARDS 2014 INTERNATIONAL MARKETS
GLOBAL AWARDS FOR EXCELLENCE - NYC BOM SUCESSO MARKET AWARD FOR EXCELLENCE
INVESTOR RELATIONS AWARDS & GOVERNANCE AWARDS 2014 BEST PERFORMANCE AND BEST IR
WORLD FINANCE MOTA-ENGIL MEXICO BEST TRANSPORT PROJECT OF THE YEAR
PANSTWOWA INSPEKCIA PRAZYMOTA-ENGIL CENTRAL EUROPE SAFEST BUILDER 2013
SAP QUALITY AWARDS 2014 IBERIA INNOVATION AND MOBILITY: AWARD FOR EXCELLENCE
KPMG - MOZAMBIOUE BEST BUILDER AWARD IN MOZAMBIQUE
In 2014, Mota-Engil was again honoured with national and international awards from the industry, which prove and consolidate the construction of a history of leadership, success and unquestionable reputation over the course of 69 years.
Mota-Engil. We share a vision for the future.
LATIN AMERICA MEXICO CIMARRON BRIDGE
Under the terms of article 246, no. 1, line c) of the Securities Code, the members of the Board of Directors declare that, to the best of their knowledge, the information contained in this report and accounts has been drawn up according to the International Financial reporting Standards (IFRS) as adopted by the European Union, providing a true and appropriate image of assets and liabilities, the financial situation and the results of Mota-Engil, SGPS, SA and companies included in the consolidation perimeter, and that this management report faithfully expresses the progression of the business, the performance and the position of Mota-Engil, SGPS, SA and the companies included in the consolidation perimeter, and contains a description of the main risks and uncertainties with which they are confronted.
Porto, 31st of August 2015
António Manuel Queirós Vasconcelos da Mota Chairman of the Board of Directors
Gonçalo Nuno Gomes de Andrade Moura Martins Deputy-chairman of the Board of Directors and Chief Executive Officer
Arnaldo José Nunes da Costa Figueiredo Deputy-chairman of the Board of Directors
Maria Manuela Queirós Vasconcelos Mota dos Santos Member of the Board of Directors
Maria Teresa Queirós Vasconcelos Mota Neves da Costa Member of the Board of Directors
Maria Paula Queirós Vasconcelos Mota de Meireles Member of the Board of Directors
Ismael Antunes Hernandez Gaspar Member of the Board of Directors and Member of the Executive Committee
Carlos António Vasconcelos Mota dos Santos Member of the Board of Directors and Member of the Executive Committee
José Pedro Matos Marques Sampaio de Freitas Member of the Board of Directors and Member of the Executive Committee (Chief Financial Officer)
António Martinho Ferreira Oliveira Member of the Board of Directors and Member of the Executive Committee
Gilberto Silveira Rodrigues Member of the Board of Directors and Member of the Executive Committee
João Pedro dos Santos Dinis Parreira Member of the Board of Directors and Member of the Executive Committee
Luís Filipe Cardoso da Silva Member of the Board of Directors
Luís Valente de Oliveira Non-executive and independent member of the Board of Directors
António Bernardo Aranha da Gama Lobo Xavier Non-executive and independent member of the Board of Directors
António Manuel da Silva Vila Cova Non-executive and independent member of the Board of Directors
Pursuant to subparagraph d) of paragraph 5 of Article 66 of the Companies Act, it is stated that on June 30, 2014, Mota-Engil, SGPS, SA did not hold any treasury shares. On February 26, 2014, following a process of Private Offering, Mota-Engil, SGPS, SA sold all treasury shares held (11,101,379 shares).
In compliance with the provision of Article 9(1) (c) of CMVM Regulation no. 5/2008, hereunder is the list of the holders of qualified holdings, giving the number of shares held and the corresponding percentage of rights to vote, computed as at June 30, 2014, under the terms of Article 20 of the Securities Code:
| Acionistas | Nº de ações | % Capital e direitos de voto |
|
|---|---|---|---|
| Mota Gestão e Participações, SGPS, SA | 99.090.478 | 48,42% | |
| António Manuel Queirós Vasconcelos da Mota | 5.372.359 | 2,63% | |
| Maria Manuela Queirós Vasconcelos Mota dos Santos | 3.675.066 | 1,80% | |
| Maria Teresa Queirós Vasconcelos Mota Neves da Costa | 3.676.836 | 1,80% | |
| Maria Paula Queirós Vasconcelos Mota de Meireles | 4.484.211 | 2,19% | |
| Carlos António Vasconcelos Mota dos Santos | 42.000 | 0,02% | |
| Atribuível à FM – Sociedade de Controlo, SGPS, SA | 116.340.950 | 56,85% | |
| Amber Capital UK LLP | 4.275.000 | 2,09% | |
| Atribuível à Amber Capital Management LP | 4.275.000 | 2,09% | |
| Invesco Perpetual European Sm Cos | 1.715.052 | 0,8381% | |
| Invesco Perpetual European Opportunities Fund | 1.414.606 | 0,6913% | |
| Invesco Pan European Small Cap Equity Fund | 933.180 | 0,4560% | |
| Invesco Global Europe Mid Mother Fund | 19.604 | 0,0096% | |
| Invesco Europe Equity Fund | 17.599 | 0,0086% | |
| Powershares FTSE Rafi Dev Markets | 9.004 | 0,0044% | |
| Powershares FTSE Rafi Eur Small-Mid Fund | 4.376 | 0,0021% | |
| Atribuível à Invesco Limited | 4.113.421 | 2,0101% |
Disclosure of shares and other securities held by members of the Board of Directors and by key office-holders, as well as people closely related to them, under the terms of article 248-B of the Securities Code, and of transactions thereon made over the course of the financial year.
Annex referred to in article 14, no. 7, of the CMVM Regulation no. 5/2008 (position as at June 30, 2015):
| Detendo ações de | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dirigentes | Data | MOTA-ENGIL, SGPS, SA | MGP, SGPS, SA | FM, SGPS, SA | |||||||
| Qt. | Preço | Compra / Venda |
Bolsa / Fora Bolsa |
% | Qt. | % | Qt. | % | |||
| António Manuel Queirós Vasconcelos | |||||||||||
| da Mota | Saldo inicial | 5.352.359 | 2,62% | 0 | 0,0% | 28.701 | 34,5% | ||||
| 5-jan-15 | 5.674 | 2,565 | Compra | Bolsa | |||||||
| 5-jan-15 | 4.326 | 2,566 | Compra | Bolsa | |||||||
| 7-jan-15 | 10.000 | 2,384 | Compra | Bolsa | |||||||
| Saldo Final | 5.372.359 | 2,63% | 0 | 0,0% | 28.701 | 34,48% | |||||
| Maria Manuela Queirós Vasconcelos | |||||||||||
| Mota dos Santos | Saldo Final | 3.675.066 | 1,80% | 0 | 0,0% | 17.902 | 21,51% | ||||
| Maria Teresa Queirós Vasconcelos | |||||||||||
| Mota Neves da Costa | Saldo Final | 3.676.836 | 1,80% | 0 | 0,0% | 17.902 | 21,51% | ||||
| Maria Paula Queirós Vasconcelos | |||||||||||
| Mota de Meireles | Saldo Final | 4.484.211 | 2,19% | 0 | 0,0% | 17.902 | 21,51% | ||||
| Carlos António Vasconcelos Mota dos | |||||||||||
| Santos | Saldo Final | 42.000 | 0,02% | ||||||||
| Luís Filipe Cardoso da Silva | |||||||||||
| Saldo Final | 12.500 | 0,01% | |||||||||
| Gonçalo Nuno Gomes de Andrade | |||||||||||
| Moura Martins | Saldo Final | 12.435 | 0,01% | ||||||||
| Ismael Antunes Hernandez Gaspar | |||||||||||
| Saldo Final | 1.000 | 0,00% | |||||||||
| José Pedro Matos Marques Sampaio | |||||||||||
| de Freitas | Saldo inicial | 15.577 | 0,01% | ||||||||
| 9-jan-15 | 2.100 | 2,449 | |||||||||
| Saldo Final | 17.677 | 0,01% | |||||||||
| Alberto João Coraceiro de Castro | |||||||||||
| Saldo Final | 2.200 | 0,00% | |||||||||
| F.M. - Sociedade de Controlo, SGPS, SA | |||||||||||
| Saldo Final | - | - | 6.337.640 | 100,0% | |||||||
| Mota Gestão e Participações, SGPS, SA | |||||||||||
| Saldo Inicial | 98.886.325 | 48,32% | |||||||||
| 5-jan-15 | 1.118 | 2,648 | |||||||||
| 5-jan-15 | 5.567 | 2,649 | |||||||||
| 5-jan-15 | 1.457 | 2,658 | |||||||||
| 5-jan-15 | 30.000 | 2,660 | |||||||||
| 5-jan-15 | 5.000 | 2,650 | |||||||||
| 5-jan-15 | 25.000 | 2,640 | |||||||||
| 5-jan-15 | 1.011 | 2,563 | |||||||||
| 5-jan-15 | 10.000 | 2,560 | |||||||||
| 5-jan-15 | 100.000 | 2,570 | |||||||||
| 7-jan-15 | 25.000 | 2,384 | |||||||||
| Saldo Final | 99.090.478 | 48,42% | - | - |
(1) Oferta Particular de Ações
Management
Report and Consolidated Financial Statements as of 1st Half of 2015
www.mota-engil.com
PORTUGAL Rua do Rego Lameiro, nº 38 4300-454 Oporto Portugal
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Edifício $4 - B$ , nº 21
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