We believe with you

REAL ESTATE

CONSTRUCTION

SERVICES

INDUSTRIAL

INFRASTRUCTURE CONCESSIONS

2014

Paseo de la Castellana 83-8528046 MadridTelephone: +34 91 545 50 00www.sacyr.cominfo@sacyr.com

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Israel

Sacyr is a long-term project that began 28 years ago. We are moving forward to tackle the future every day and grow upon our solid foundations. Our company boasts the best possible team of well-established professionals. Our customers are well aware of our prestige, and we have a diversi�ed, global portfolio of projects and services.

Sacyr, the spirit of enterprise that has de�ned our company and accompanied us since 1986.

Chile

BrazilAngola

Togo

Cape Verde

Portugal

Ireland

UnitedKingdom

Italy

India

Australia

Qatar

Algeria

Libia

United Arab Emirates

Peru

Bolivia

Colombia

Mexico

UnitedStates

Panama

Commitment tointegrity.

Focus on people, equal opportunities and non-discrimination, and a team spirit.

Search for excellence, striving to reach the highest possible levels of quality.

Innovation as a tool of competiti-veness and leadership against our peers.

Concern for the environment and respect for our surroundings.

Our values Sacyr maintains its speci�c hallmark values on which each project is based.

SpainFrance

Mozambique

Because we believe that innovation is the only way to be competitive.

Because we believe that the only market is the entire world. If you believe like we believe, we believe with you.

1

Commitment and the vocation of a leader

Sacyr is an international diversified group with five complementary areas of business: construction, infrastructure concessions, services, property management and high-quality urban housing.

It holds a significant stake in Repsol, an international integrated oil and gas company. Spain’s second largest company in terms of turnover, and one of the world’s 100 largest.

Sacyr conducts sustainable and cost-effective business management, constantly striving to lead the way in technology and to surpass levels of efficiency in operations across all five continents.

over

23,000 employees

more than

37billion euros

in projects and services portfolio

over

3billion euros in operating

income in 2013

2

Construction

Leading the world market in major projects

At Sacyr Construcción and Somague, we specialize in civil engineering and construction work. The group works on all infrastructure programs (high-speed rail networks, subway systems, harbor and airport construction work, toll roads and highways, dams etc.).

As part of their commitment to the customer, our companies have always maintained the principles of meeting construction deadlines, a focus on innovation and globalization of the construction business.

• Roadtransport• High-speedrail• Metroandtramlines• Airportprojects• Portconstructionprojects• HydraulicanddesalinationWorks• Buildingandrenovation

Turnover of more than

1.9 billion euros

1,891

1,359

Breakdown of the works portfolio by geographic areas (%) 2013

Breakdown of turnover by types of works (Million Euros) 2013

Spain19

Portugal5

Italy23

Angola4

Chile15

Brasil3

Other countries26

Panama4

132

400

Civil engineering

Non-residential construction

Services and others

Total turnover

A business portfolio worth over

4.5 billion euros

3

Recent major projects

Spain: ExtensionworkattheMadrid-BarajasInternational Airport. Terminal 4 // Madrid-Barcelona-Frenchborderhigh-speedrail line. Sants-La Sagrera Tunnel //High-speedraillineintheBasqueCountry // ExtensiontoLine9ontheMadridsubway //LasPedrizasHighway// Repsol campus // Sacyr Tower

Panama:ExpansionworkonthePanamaCanal. Third set of locks

Chile: Construction of the Vallenar-Caldera Highway//IquiqueAccessHighway

Italy:Tollroad:Pedemontana-Veneta // Salerno-ReggioCalabriaHighway

Portugal: NewhospitalinBraga// Reservoir

1

Construction of the third set of locks for the Panama Canal. Pacific Zone

2

Construction of Henares Hospital, Coslada. Madrid. Spain

2 3

4 5

1

3

Construction of seawalls at Valencia’s port. Spain

4

A8 highway. Cadagua link. Bilbao. Spain

5

Plaza de la Encarnación. Seville. Spain

4

We create future value

Concessions in the portfolio in 6 countries (Spain,Portugal,Italy,Chile,IrelandandPeru).

34

Km operated on concession

22 highways7 hospitals2 transport hubs1 subway line1 airport1 service station company

Diversified business

2,918

Operation of the Guadalmedina Highway Spain, MalagaOperation: 28.04 km

La Serena-Vallenar Highway Chile Investment: 435 US million dollars

The most recent milestones are as follows:

Américo Vespucio Oriente Highway ChileInvestment: 710 million euros

Section 11 of the Longitudinal de la Sierra highwayPerúInvestment: 400 million euros

Concepción-Cabrero HighwayChile Investment: 285 million euros

Start-up of Braga Hospital PortugalCapacity: 705 beds

Infrastructure concessions

Sacyr Concesiones hasbeenworkingonconcessionprojectsforthelast18years. Its offers also encompass operations and maintenance work.

5

1

2

3

4

1

Braga Hospital. Portugal

2

AP46 Málaga- Las Pedrizas Toll road. Spain

3

Vallenar-Caldera Highway. Chile

4

N-6. Stretch. Galway-Ballinasloe. Ireland

6

Dynamism and a focus on customers

Turnover by business activities(%) 2013

Business portfolio by areas of business(%) 2013

Water

28

27

20

25

Multi-services

Industrial and Energy

Industrial and Energy

Environment 25

53

8

14

Environment

Water

Multi-services

Services

Valoriza operates a wide range of businesses, focusing at all times on a comprehensive service for customers, addressing their needs with higher returns thanks to a selective choice of business activities.

Industrial and EnergySacyr Industrial

•Engineering•Powerplants•Oilandgas•Electricalfacilities•Construction

and operation of thermosolar plants

•Biomassandcogeneration facilities

•Wasteprocessing

WaterValoriza Agua

• Integratedwatercyclemanagement

•Productionofdrinkingwater

• Desalination• Purificationand

reutilization of water

Environment. Valoriza Servicios Medioambientales

•Municipalservices•Wasteprocessing•Landscaperestoration•Environmentalprojects

Multi-services

•End-to-endbuildingmaintenance

•Industrialmaintenance•Maintenanceand

upkeep of toll roads•Highwaysandother

road systems•Maintenanceofdams

and canals•Highwayandtollroad

service stations•Healthcareservicesand

end-to-end operation of hospitals

•Urbanmovility

7

1

2

4

3

1

Desalination plant in Ashdod. Israel

2

Los Hornillos integrated waste processing plant. Valencia. Spain

3

Infrastructure maintenance

4

Hounaine desalination plant. Algeria

Integrated solutions

Sacyr Industrial is the most dynamic business area, and also where it is expanding most rapidly. Ourindustrialandservicesexperienceencompassesprojectsacrossallfivecontinents-theSinesLNGPlant(Portugal),theLaPampillaRefineryDesulfurizationPlantinPeru,andsubstationsforSSE in Scotland.

Industrial procurements areas:

Sacyr Industrial

8

Power plants and industrial facilitiesSacyrIndustrialisaleadingspecialistin“turnkey”projects(EPC)forindustrialfacilitiesandpowerplants.

SacyrIndustrialhasundertakenpowergenerationprojectsusing the following technologies, among others:

•Cogeneration(simpleandcombinedcyclesandtrigeneration)•Electricitygenerationfrombiomass•Thermoelectricsolarpower•Photovoltaicsolarpower•Windpower•Geothermalpower•Districtheatingcooling

EnvironmentSacyr Industrial is one of the world’s leading companies in terms of design, financing, construction and operation of treatment and recovery plants, and also in mining operations and processing plants.

over 130 projectsbuildingindustrialfacilities and power plants

Energy for

1,250,000households

Consumers

5.6million

34waste management

facilities in operation

43waste

management facilities built

Oil and gasSacyr Industrial has sufficient experience and capacitytocarryoutEPCprojectsinthefollowingareas:

•Oilandgaspipelinesandcompressorstations• Gasprocessingandfractionationplants• Naturalgasliquefaction,regasificationandstorage• Refineriesandthepetrochemicalindustry• Ancillaryservicesandoffsites• Hydrocarbonstorageterminalsandplants• Biofuels

Electricity gridsSacyrIndustrialcarriesoutengineeringprojectsand builds high-voltage power lines and low-voltage, medium-voltage and high-voltage electricity substations

• Powerlines•OutdoorGISsubstations(SF6)

Benchmarkinbiomassenergy recovery

9

1

23

1

Gas collection system from the Campo de Margarita gas well. Bolivia.

2

3D Design Desulphurisation Unit at the La Pampilla refinery in Peru

3

El Maresme energy recovery plant

10

Driving force

Sacyr operates in some 25 countries across all five continents.

The company continues to boost international operations through its five divisions, which produced turnover of over 1.6 billion euros outside Spain in 2013.

Sacyr’s headcount abroad now accounts for 34.7% of the total workforce.

Turnover from international operations in 2013 accounted for 53% of the total, compared to 43% the previous year.

Internationalbusinesscomprises53%oftheprojectsand services portfolio. In the construction division thisisalmost81%.

International

53 47

International National43%

53%

Turnover Internationalbusiness(%)

2012

2013

Projects and services portfolioGeographic distribution (%) 2013

11

1

2

34

5

1

DG48 Salerno-Reggio Calabria highway. Italy

2

Doctor Agostinho Neto library in Luanda. Angola

3

Bemposta hydro plant. Portugal

4

Perth desalination plant. Australia

5

Palermo tram, Einstein Bridge. Italy

12

Stability and solvency

Testa is Sacyr’s property management company. ItoperateschieflyinMadridandBarcelonawith top-quality assets at prime locations.

Testa has a portfolio of blue-chip customers, such as:Endesa,Indra,Santander,L’Oreal,MeliáHoteles,Hotusa,RocheFarma,PriceWaterhouseCoopers,EspasaCalpe,SonyPicturesandUríayMenéndez,among others.

The portfolio features office space, logistics centers, four-and five-star hotels, residences, shopping malls, senior citizens’ homes and parking lots.

Real Estate

Rentals by product types(%) 2013

Offices

Hotels

Shopping malls

Residences

Logistic centres

Senior citizens’ homes

Parkinglots

Other

61.5

13.5

12

5.5

4

1

0.5

2

13

1

2

4

3

1

Head office of L´Oreal at C/ Josefa Valcárcel 48, Madrid. Spain

2

Hotel Grand Marina. Barcelona. Spain

3 Porto Pi shopping mall. Majorca. Spain

4 Indra head quarter in Av. Bruselas 35. Madrid. Spain

14

R&D+i

We apply innovation in a bid to improve day by day

Year after year, Sacyr is consolidating as a company with an active focus on research and development.

ExpansionofR+Discrucialtothecompany’sfuturemarket leadership.

146 projects carried out

since 2004

12new projects

in the past year

Sacyr’sR+D+imanagementsystemholdsUNE166002:2006 accreditation, and 12 group companies now hold this certification.

Weconductprojectsalongwith22Spanishuniversities, and 17 public research bodies and foundations.

Projects carried outsince 2004

Sacyr Construcción 71

Sacyr 19

Valoriza Servicios Medioambientales 16

Valoriza Conservación de Infraestructuras 11

Cavosa 8

Sacyr Concesiones 6

Sacyr Industrial 6

Sadyt 5

Cafestore 2

Valoriza Agua 1

Sacyr Chile 1

15

1

2

3

4

1

Line 9 of the Barcelona subway. Spain

2

Ronda Sur, Talavera. Cable-stayed bridge. Spain

3

High-speed rail network in the Basque Country. Aramaio-Mondragón routing. Spain

4

La Muela II closed-conduit tunnel, Cortes de Pallás. Valencia. Spain

16

REPSOL

Leadership of the energy market in Spain and Latin America

Sacyr holds a 9.05% stake in Repsol, one of the world’s 10 largest private oil companies.

Operating in more than 30 countries, its activities include oil and gas extraction, transportation, refining and distribution of by-products. In recent years its geographic diversification strategy has seen it buy up block stakes in countries such as Norway,theUnitedStatesandRussia,tobackupitsmarket dominance in Spain and Latin America.

In2013,RepsolpostedEBITDAof6.9billioneurosandnetprofitof1.8billioneuros.

Israel

Sacyr is a long-term project that began 28 years ago. We are moving forward to tackle the future every day and grow upon our solid foundations. Our company boasts the best possible team of well-established professionals. Our customers are well aware of our prestige, and we have a diversi�ed, global portfolio of projects and services.

Sacyr, the spirit of enterprise that has de�ned our company and accompanied us since 1986.

Chile

BrazilAngola

Togo

Cape Verde

Portugal

Ireland

UnitedKingdom

Italy

India

Australia

Qatar

Algeria

Libia

United Arab Emirates

Peru

Bolivia

Colombia

Mexico

UnitedStates

Panama

Commitment tointegrity.

Focus on people, equal opportunities and non-discrimination, and a team spirit.

Search for excellence, striving to reach the highest possible levels of quality.

Innovation as a tool of competiti-veness and leadership against our peers.

Concern for the environment and respect for our surroundings.

Our values Sacyr maintains its speci�c hallmark values on which each project is based.

SpainFrance

Mozambique

REAL ESTATE

CONSTRUCTION

We believe with you

SERVICES

Paseo de la Castellana 83-8528046 MadridTelephone: +34 91 545 50 00www.sacyr.cominfo@sacyr.com

Follow us on

USA/ 2014

INFRASTRUCTURE CONCESSIONS