TPF Group Activity Report 2014 s u m m a r y SuMMARy

4 FOREWORD Grand Duchy of Luxembourg 56 TPF Luxembourg 4 2014 : A year of solid growth and significant evolution Morocco 58 Pyramide Ingénierie and Save Project 9 The Executive Committee Algeria 10 TPF around the world 62 TPF Algérie 12 Main TPF’s subsidiaries and branch offices Senegal 64 Setico Ingénieurs Conseils

14 KE Y EVENTS Ivory Coast 66 Setico International Spain 16 Getinsa-Payma ANGOLA 20 Euroestudios 68 TPF Angola 24 TRN Ingeniería MOZAMBIQUE FRANCE 70 TPF Moçambique 26 TPF Ingénierie 34 TPF-Utilities INDia 72 S.N. Bhobe & Associates Pvt. Ltd. BELGIum 74 Cetest Pvt. Ltd. 30 TPF Engineering 34 TPF-Utilities ANCILLARY ACTIVITIES 36 TPF-Basse Sambre 76 Real Estate Activity 77 Renewable Energies Activity POrtugal 78 Concessions Activity 38 TPF Planege 79 Turnkey Activity 80 Maintenance, Operation and Delegated BRazIL Management of Technical Installations Activity 42 Projetec 81 Construction and Material Quality 45 Synergia Control Activity 48 Engesoft

POLand 50 TPF Sp. z.o.o. 82 CONSOLIDATED ACCOUNTS 2014

UKRAINE 84 Consolidated Balance Sheet 52 Ukrdesigngroup 86 Consolidated Profit and Loss Account Romania 54 TPF CProject f o r e w o r d 2014 : A year of solid growth and significant evolution

The year 2014 was marked by the control of our fundamentals, the continuation of our strategy and the deepening of our values.

4 Full control of our fundamentals

FINANCIAL DATA below the ratios (covenants) imposed by our banks. The quality standards of our financial data can be achieved thanks to the result This enables us to present a sound balance of everyone’s work, marked by a strong sheet, characterized by solid fundamentals desire to improve them. which will allow us to confront an eco- nomic environment which is changing, - The consolidated amount of sales discontinuous and difficult, and will enable and services rose from 150 meur to us to continue our growth. 244 meur. Among other factors, this is due to the entry into the Group of Getinsa, Paymacotas and Euroestudios, 2014 which we had the opportunity to present s a l e s a n d s e r v i c e s to you in our 2013 annual report.

- Our operating margin (ebitda) followed the same trend, rising from 16.9 meur to 23.4 meur at the end of 2014, which 244 represents 9.75 % of the turnover despite m i l l i o n € difficult market conditions. It should be stressed that the European average for the sector in 2014 was 5.2 %.

- Following acquisitions in Spain but also the start of the shopping centre 4250 project Docks Bruxsel, in which we collaborators are a co-investor, our debt ratio rose

TPF Group Activity 2014 Report to 2.39, which remains significantly * Source : efca geographical b r e a k d ow n o f sa le s a n d s e rv i ce s fo r 2014

a f r i c a 2 % c e n t r a l a n d e a s t e r n e u r o p e 2 % i n d i a 3 %

b r a z i l 13 %

s pa i n 34 %

p o r t u g a l 12 %

b e l g i u m & g r a n d d u c h y o f l u x e m b o u r g 17 % f r a n c e 17 % 5

e vo lu t i o n o f t h e e b i t da / sa le s a n d s e rv i ce s

9,6 %

11,2 %

8,7 % 9,7%

13,3 %

10,2 %

10,2 %

20 08 20 09 2010 2011 2012 2013 2014 f o r e w o r d

SPAIN PORTUGAL (including subsidiaries in Algeria, Angola and Mozambique) Sales and services carried out by our three companies in Spain (Getinsa, Paymacotas The amount of sales increased from 25.722 and Euroestudios) reached 78.5 meur and meur to 28.7 meur. ebitda experienced an ebitda of 6 meur, or 7.6 %. a solid growth to 5.005 meur (2.354 meur in 2013), which is a ratio of 17.4 %.

BELGIUM (including subsidiaries in Luxembourg and Tunisia and CENTRAL AND EASTERN EUROPE TPF-Utilities France) (Poland, Ukraine and Romania)

Consolidated sales remained stable at Sales in this area have dropped to 3.915 meur, 41.3 meur (41.5 in 2013), and this despite mainly due to difficulties in Ukraine. 6 the absence of turnkey projects which had ebitda, meanwhile, amounted to 242,000 eur, marked the year 2013. a ratio of 6.2 %. This is also caused mainly, Our ebitda/sales ratio has continued to but not only, by the difficulties in Ukraine. recover, rising to 7.7 % in 2014 (3 % in 2013 and 1.3 % in 2012). This improvement should continue in 2015. SENEGAL - IVORY COAST - MOROCCO

FRANCE Consolidated sales increased from 2.1 meur to 3 meur in the Senegal - Ivory Coast area. The consolidated amount of sales and ser- ebitda, meanwhile, rose to 740,000 eur, vices of TPF in France rose to 42.3 meur i.e. a ratio on sales of 24.6 % (27.86 % in 2013) in 2014, due to our acquisition policy. Sales continued to drop in Morocco, to settle However, due to economic conditions, finan- at 2.840 meur (3.6 meur in 2013) with an cial results have continued to deteriorate, ebitda of 210,000 eur (449,000 eur in 2013). with the ebitda/sales ratio decreasing to 2.7 % (5.8 % in 2013 and 6.7 % in 2012). Numerous actions were taken to restore INDIA profitability, and should already have an impact in 2015. Sales generated by our two companies (sn Bhobe and Cetest) went from 5.938 meur to 7.116 meur BRAZIL (including the Panama and As for ebitda, it reached 0.965 meur, or Venezuela subsidiaries) 13.6 %. Its ratio was identical in 2013.

Our consolidated sales rose from 26.630 meur to 28 meur. We were strongly penalized by the evolution of the Brazilian real since at a constant PHYSIOGNOMY OF THE GROUP exchange rate, our sales would have reached an amount of 30.5 meur. ebitda reached a At the moment, we have subsidiaries and total of 6.220 meur, a ratio of 22.1 % on sales, branches in 42 countries and operate in a

TPF Group Activity 2014 Report which is stable compared to 23.8 % in 2013. total of 59 countries. This important international development implement this process, based on our should enable us this year to reach a turn- results in 2014. over of 20 meur in Asia (0.5 meur in 2006) with 900 employees, 55 meur in Africa We are particularly pleased to have re- (4 meur in 2009) with 500 employees and ceived the agreement of our minority 100 meur in America (8 meur in 2009) shareholders in TPF’s subsidiaries all with 1,400 employees. around the world.

Secondly, to better harness the strengths The selection of these organisations re- of the group and to be more reactive, four sulted in the establishment of committees centres of expertise have been created, one in various countries involving our staff. devoted to the transport infrastructure in We wish that employees who are interested Spain, one dedicated to buildings in France, in the subject become associated with the one for the water sector in Portugal and selection of organisations working in their finally one for energy in Belgium. countries. These organisations will receive 7 funds based on the results achieved by the This organisation allows us to confirm companies employing our staff. and maintain a strong decentralisation and autonomy - delegation towards to our subsidiaries.

Next to our core business, consultancy and PERSPECTIVES FOR 2015 engineering, we have developed, as you will read in this report, 6 income-generating This new configuration for the Group allows related activities : (i) the development of us to be optimistic for 2015. Not only in turnkey projects (ii) the operation of tech- terms of growth of our turnover, but also nical installations, both in the energy sector in terms of results. and in the water sector, (iii) the development and investment in projects in the renewable energy sector, associated with the manage- perspectives ment of funds dedicated to them, (iv) an f o r 2015 activity aimed at the quality control of materials and construction (v) equity par- s a l e s a n d s e r v i c e s ticipation in motorway concessions and (vi) the development of real estate projects. 290 m i l l i o n € TPF FOUNDATION

We have decided to redistribute 5 % of TPF’s earnings after tax to organizations ensuring children welfare (food, educa- tion, security, ...). 10% e b i t d a

2015 will be the first year in which we will f o r e w o r d

Since the beginning of the year, we conducted three acquisitions :

Engesoft in Brazil Proximity Engineering of SNC- Lavalin in France This company, located in Fortaleza in the State of Ceará, allows us to strengthen our With 175 employees working in the sector expertise in the water sector where it excels. of building, infrastructure and water, the It has approximately 100 employees. takeover of this branch of activity allows This acquisition makes us the first office us to strengthen our coverage of French of the Nordeste, a region of Brazil which territory but also our skills in these dif- has experienced a very strong growth for ferent sectors. 8 the last 10 years. In 2015, our subsidiary in Brazil will be looking to reach a turnover This year, our sales and services should of 50 meur, with 650 employees. therefore amount to 290 meur with an ebitda around 10 %, and this with a total of 4,250 collaborators. TRN Ingeniería in Spain We would therefore like to express our This company has a staff of 40 employees gratitude and thanks to all of our employ- and is active in the infrastructure sector, ees. Through their daily commitment, which allows us to strengthen our skills they actively contribute to the success of dedicated to this activity in Spain. We are the Group and its expansion in the world. now able to carry out missions of prefea- sibility as well as consultancy relating to the operation of rail, road and metro projects.

c h r i s t o p h e g i l a i n t h o m a s s p i ta e l s

TPF Group Activity 2014 Report Managing Director Chief Executive Officer THE EXECUTIVE COMMITTEE

at u l b h o b e j o r g e n a n d i n d e c a r va l h o p e d r o da n i e l g o m e z g o n z a l e z Member of the Member of the Executive Committee Member of the Executive Committee Executive Committee

t h o m a s s p i ta e l s c h r i s t o p h e g i l a i n a n d r é l u i z Chief Executive Officer Managing Director, da s i lva l e i tão Member of the Member of the Executive Committee Executive Committee

a m a d o u d e f r é d é r i c l a s s a l e Member of the Member of the Executive Committee Executive Committee

9 f o r e w o r d TPF around the world(1)

10

Countries with subsidiaries and branch offices

Countries in which the Group operates

TPF Group Activity 2014 Report (1) Situation at 30 June 2015 11 f o r e w o r d main TPF’S SUBSIDIARIES AND BRANCH OFFICES (1)

Algeria Colombia – TPF Infrastructures – TPF Ingénierie – Euroestudios, s.l. – Euroestudios, s.l. – TPF-Utilities Sarl – Spa Getinsa Algerie – Euroestudios s.a.s – TPF Algérie – Euroestudios Ingenieros de Consulta sas Georgia – Getinsa Ingeniería, s.l., Angola Sucursal Colombia – Euroestudios, s.l. – TRN Ingeniería – Getinsa Georgia, s.l. – TPF Angola Sucursal Colombia

Grand Duchy of Luxembourg Argentina Costa Rica – TPF International – Euroestudios, s.l. – Consorcio Euroestudios-cacisa, s.a. – TTR Luxembourg – Consorcio Getinsa-Gabinete, s.a. – TPF Luxembourg 12 – Euroestudios, s.l. Belgium – Getinsa Ingeniería Costa Rica, s.l. Greece – Socageth – TPF-Basse Sambre Dominican Republic – Euroestudios, s.l. – TTR energy – TPF Engineering – Getinsa, S.R.L. – TPF-Utilities Guatemala

Ecuador – Euroestudios, s.l. Bolivia – Getinsa Ingeniería, – Euroestudios, s.l. s.l. Sociedad Extranjera – Euroestudios, s.l. – Getinsa-Payma, s.l. – Gatebol, s.r.l. (Gabinete Técnico – Projetec Boliviano, s.r.l.) Honduras – Getinsa Ingeniería, s.r.l., Sucursal Bolivia El Salvador – Euroestudios, s.l.

– Euroestudios, s.l. Brazil – Getinsa Ingeniería, s.l., India Sucursal El Salvador – Engesoft Engenharia e – Cetest Pvt. Ltd. Consultoria Ltda – Euroestudios India Pvt. Ltd – Euroestudios Brasil Engenharia e Equatorial Guinea – Euroestudios, s.l. Arquitectura Ltda – S.N. Bhobe & Associates – Projetec – Euroestudios Guinea, s.l. Pvt. Ltd. – Synergia

France Ivory Coast Chile – ICR (Island of Réunion) – Setico International – Paymacotas S.A. – MIPI

TPF Group Activity 2014 Report Agencia en Chile – Secmo Mexico Portugal Turkey

– A-C ING, S.A. DE C.V. – Paymacotas Portugal – Euroestudios, s.l. Türkiye – TPF Planege Ankara Subesi – Getinsa Ingeniería, s.l. Morocco Ankara Turkey Branch Office Principality of Monaco – Euroestudios Maroc, sarl – Pyramide Ingénierie – Betek Ingénierie Ukraine – Save Project – TPF Ukraine Romania – Ukrdesigngroup (udg) Mozambique – TPF CProject – TPF Moçambique – TPF Romania United Arab Emirates

– Euroestudios, s.l. Panama Saudi Arabia

– Consorcio Euroestudios- – Euroestudios for Engineering United States Topoequipos, s.a. Consultations Co. – Euroestudios, s.l. – Getinsa & Partner s.a. – ENGLOSER, Inc. – Euroestudios Panamá s.a. for Engineering Consultancy – Projetec Venezuela Senegal Paraguay – Projetec – Setico Ingénieurs Conseils – Euroestudios, s.l. Vietnam Spain Peru – Getinsa Ingeniería Vietnam Ltd. – Aqua-Consult Ingenieros, s.l. – Representative Office of Getinsa – Euroestudios, s.l. – Euroestudios, s.l. Ingeniería s.l. in Hanoi – Getinsa-Payma, s.l. Sucursal Perú – Euroestudios Infraestructures, s.l. – TRN Ingeniería Sucursal Perú – Getinsa-Payma, s.l. – Insertec. s.a. – Mesogen Philippines – Nueva Econoler – Sabondel – Getinsa Ingeniería, Ltd – TRN Ingeniería, s.a. – Transfer Enginyeria

Poland Tunisia – Getinsa Polska Sp. z o.o. – Getinsa Inzamac Polska Spólka. z.o.o. – TPF Tunisie – TPF Sp. z.o.o. (1) Situation at 30 June 2015 2 0 1 4

e v e n t s

k e y

14 TPF Group Activity 2014 Report 15 s p a i n

e u r o p e GETINSA-PAYMA

The outcome of this first year in the Group proved to be very positive. Through comple- mentarity and synergy between its various subsidiaries, Getinsa-Payma was already able to conclude several large-scale contracts.

16

01 TPF Group Activity 2014 Report Luzon Expressway (slex). Technical advice includes design reviewing, risk identification and control, budget and work plan analysis, ensuring compliance with local regulations and examining the maintenance and operation program.

In Peru and more specifically in the Amazon region, Getinsa-Payma was able to sign a contract with the ISOLUX group, concessionary company of the new 220 Kv elec- trified line connecting the towns of Moyobamba and Iquitos on a In Vietnam, Getinsa-Payma is now distance of 585 km. considered as an indispensable ally in the sustainable development of This contract has been awarded following the city of Danang, located at the the success of the feasibility study and heart of the Republic. preliminary design of the Yurimaguas- Iquitos railway line, with a total length of This vast project, funded by the World Bank, 550 km crossing the Amazon rainforest. consists of several components including The new electrified line will run parallel the development of the public bus network to the projected railway corridor. As for and the improvement of the strategic lines the mission assigned to our experts, it in- of communication in the town centre. cludes the optimisation of the alignment, In this context, Getinsa-Payma has been the detailed design and technical assistance asked to carry out the design and supervision during the construction phase. of the first bus rapid transit brt( ) system 17 in the town, as well as of three high perfor- mance bus lines connecting with the brt o n t h e o t h e r h a n d t h e , in the city centre. In recent months, our 02 confidence of it s long ter m team has also overseen the construction clients and the development of 7.98 km of roads south of the city and 3.2 km north of the city. These new infra- o f i t s a c t i v i t i e s i n n e w structures will facilitate the urban sprawl countries in afric a, americ a, of Danang. Finally, the program includes europe and asia allowed it to the construction of 5 resettlement areas consolidate i t s p r e s e n c e i n for those affected by the works. spa in a n d to a sser t it s pr e s- ence o n t h e international In the Philippines, Getinsa-Payma 03 market. the following projects has considerably strengthened c a n at t e s t o f t h at s u cc e s s. its strategic commitment on the concession market. In 2014, our team has continued to supervise the construction of the Daang Hari-South Luzon Expressway in preparation for its commissioning.

At the same time, Getinsa-Payma has pro- vided the concessionary company Team Orion (which includes the Ayala group) with technical assistance during the ten- dering stage of the 47-km Laguna-Cavite expressway. Eventually, the surrounding | 01 | Project for the sustainable development of the city of Danang, Vietnam communities will benefit from the positive | 02 | construction of the Daang Hari - South effects of this new road link that will connect Luzon Expressway, Philippines two very important highways in the country: | 03 | construction of the new electrified line Cavite Expressway (cavitex) and South Moyobamba - Iquitos, Peru s p a i n

e u r o p e | 04 | chiche bridge - 2 x 3 lanes road « Ruta Vita » in Quito, Ecuador | 05 | electrification design of 1,042 km of railway lines, Algeria | 06 | construction project for the light railway in Izmir, Turkey | 07 | development of a section of the S8 motorway in Masovian Voivodeship, Poland | 08 | railway station of Murcia, Spain | 09 | Management of water use in public domains, Spain

04 In Ecuador, in Quito, the second section of the “Ruta Viva” road was opened to traffic in December 2014. This new 2 x 3 lanes road now con- nects the Símon Bolívar Avenue, by Santa Rosa de Cumbayá district, to the Interoceanic Highway, in the vicinity of Puembo.

18 For this project, Getinsa-Payma supervised and controlled not only the construction 04 works of the San Pedro bridge and the Chiche bridge, with respective lengths of 214 m and 314.5 m, but also the bridge approach roads and Puembo Junction. The Chiche bridge crosses a canyon with a depth of more than 150 m. The works have lasted 18 months.

In Algeria, Getinsa-Payma is emerg- ing as a major player in railway electrification.I t has therefore been 05 06 awarded electrification studies for nearly 3,000 kilometres of railway lines. In addition, our subsidiary is progressing on studies for the upgrade of the Kherrata tunnel.

In January 2015, Getinsa-Payma was awarded 5 new contracts. The first four focus on feasibility studies and electrification design of 1,042 km of railway lines, and the fifth one relates to the feasibility studies and design of the telecommunication and signalling systems for 92 km of railway lines. As for the Kherrata Tunnels project, the aim is to improve their safety systems and to assess their structural condition, facilities and drainage systems. This work consisting of three tunnels is the longest road tunnel

TPF Group Activity 2014 Report in Africa with a length of 6 km. In Izmir, Turkey, the construction of In addition to its expertise in the the light rail tunnel with a length of area of transport infrastructure, 1,165 meters was initiated in Decem- Getinsa-Payma also plays a funda- ber. Eventually, it will link the Evka mental role in the management and Bornova light rail stations. of water use in public domains. As such, the Guadalquivir Water Getinsa-Payma used its railway, mechanical Authority entrusted them with a and electrical engineering expertise to win mission of technical assistance for this new contract for the technical assis- the management of water use in tance and supervision of the construction public domains in four cities in works. Several months were necessary to the South of Spain namely Seville, review the detailed design in order to give Córdoba, Granada and Jaén. way to the contractors’ tendering process and the construction supervision. The objective is twofold: on the one hand, review the existing flood studies in order to design the necessary riverbed and During the year, Getinsa-Payma drainage works, and on the other hand, has consolidated its presence on analyse the land-use plans and conces- the Polish market by winning new sions for the occupation and use of water contracts. Today, it is taking part in public domains. in seven projects, including the completion of a section of the S8 motorway with a total length of 15.37 km.

Our team provides consulting and assis- tance services for the construction and design supervision of a section of 2 x 3 07 09 lanes linking Marki and South Radzymin 19 Junctions in Masovian Voivodeship. The contract is divided in two lots. The first lot, 8.13 km long, covers from Marki to Kobyłka Junction and passes through urban areas. The second lot involves 7.24 km of road from Kobylka to South Radzymin Junction. The contract was concluded for a duration of 36 months and carries a 18 month warranty.

08 Furthermore, in 2014, our Spanish subsidiary has embarked on the development of one of the largest projects in the adaptation of ex- isting rail infrastructure for the circulation of high-speed trains. It concerns the integration of the railway station of Murcia into the Levante high speed rail corridor.

The work covers the architectural reha- bilitation of the station while preserving its historic character, the construction of new buildings and new facilities to meet the new demand, the adaptation of the marshalling yard to have room for the commuter, regional/long distance, freight and high speed trains, the upgrading of the electrical and signalling installations, and the adaptation of the existing struc- tures and affected services in the accesses to the station. s p a i n

e u r o p e EUROESTUDIOS

Euroestudios had an eventful year. 01 Our subsidiary managed to rein- force an already solid position on the Peruvian, Colombian, Algerian, 20 Turkish, and Indian markets, and opened up new prospects in the sector of health and water in Chile, and in the rail sector in Australia. In the United States, it provided consulting services for bidding on 03 two new large design-build projects: a high speed railway line in Cali- fornia and a highway in Texas.

| 01 | new high-speed railway line Ankara-Istanbul, Turkey | 02 | hospital El Salvador and geriatric Institute of Santiago de Chile, Chile

TPF Group Activity 2014 Report | 03 | road tunnel Chenani-Nashri of NH-1A, India In India, the breakthrough of the escape tunnel parallel to the Chenani-Nashri tunnel of the NH-1A road was completed in 2014. Built under the Himalaya in the province of Jammu and Kashmir, the tunnel is 9 km long and is one of the longest tunnels in Asia. a s f o r t r a n s p o r t infrastructure , a n e w co n t r ac t wa s Just like last year, Euroestudios provided awa r d e d f o r a m e t r o p r o j ec t i n a lg i e r s, a s w e l l a s a consulting services to the National Highway Administration of India (nhai) as Inde- co n t r ac t a i m e d at i m p r ov i n g t h e functioning o f s e v e r a l pendent Engineer for the works relating a i r p o r t s i n co lo m b i a . i n t e r m s o f h e a lt h c a r e , t h r e e n e w to this important toll highway in the north h o s p i ta l s w i l l b e constructed i n c h i l e a n d t u r k e y a n d of India. fi n a l ly, i n t h e fi e l d o f wat e r , n e w s t u d i e s w i l l b e c a r r i e d o u t r e l at i n g to t h e construction o f t w o da m s a n d t h e In Turkey, Euroestudios is coordi- installation o f wat e r p i p e l i n e s. nating the construction of the new Ankara-Istanbul high-speed railway line, an electrified double-track 02 line with a length of 490 km whose construction costs are estimated to USD 3,200 million.

The project is funded by the bei in accord- ance with the technical specifications set out for interoperability of the trans-European high-speed rail system. In total, 15 stations, 21 40.75 km of tunnels and 14.83 km of viaducts will be featured on the route. The line will be equipped with the European rail traffic management system (ertms). It will allow trains to travel at a speed of 250 km/h, gaining three and a half hours compared with the current route. Our mission is to assist the Turkish Directorate of State Railways (tcdd) in the coordination, super- vision and integration of contracts related to the project. These include the design, construction and construction management relating to roads, structures, signalling and communication systems, electrical systems and maintenance equipment. Euroestudios is responsible for providing technical support to the client throughout the whole process. The commissioning of the line is planned for August 2016.

In Latin America and more specifi- cally in Chile, Euroestudios partici- pates in the national program for hospital infrastructure concessions based on a PPP scheme.

The concession contract for the construction of the El Salvador hospital and the geriatric Institute of Santiago de Chile includes the design, construction, maintenance of the infrastructure and the provision of non- s p a i n

clinical services for a period of 15 years. nance. The project also involves the design

e u r o p e The hospital will have one of the best care of 26.5 km of tunnels (epb) and 27 under- units in ophthalmology and transplant. ground stations. It will also be the only hospital in Chile to be equipped with a geriatric Institute. Euroestudios has been awarded the design In Greece, Euroestudios won a new of this new hospital infrastructure of technical assistance contract for the 170,000 m², with a capacity of 641 beds. construction of two toll motorways. Given its location in one of the areas with the highest seismic activity worldwide, The concerned sections are the E65, (175 km) our experts will also have to design the between Lamia and via Egnatia Odos seismic isolation system. as well as the Ionian motorway, between Antirrio and Ioannina (196 km). They are designed for a speed of 120 km/h In Colombia, the work on line 1 of and consisting of two separate carriageways the Bogotá metro, which began in with 2 lanes in each direction. The project May 2013 is progressing nicely. This also involves the construction of 9 twin- project funded by the World Bank tube tunnels representing a total length of represents a cost of USD 6.8 billion. 13,000 m. natm (New Austrian Tunnelling Method) was the preferred method for Considered as the largest project in Latin their construction. America, line 1 of the Bogotá metro will | 04 | yesa dam, Spain transport 80,000 passengers per hour in | 05 | line 1 of the Bogotá metro, Colombia each direction. The assignment includes In Spain, our subsidiary has been | 06 | evinos bridge, Ionia-Odos motorway, Greece civil engineering design, structural and managing the construction of the | 07 | Gran Canaria Arena / Las Palmas de architectural design of the stations, design tunnel Espiño for over two years. Gran Canaria of electromechanical and communication | 08 | espiño tunnel, Spain systems, railway systems and specifications This tunnel is composed of two single track 22 for rolling stock, operation and mainte- tunnels and is built using the new Austrian

04 05 TPF Group Activity 2014 Report tunneling method (natm). It is part of the new high speed line linking Madrid to the northwest of the Iberian Peninsula. The right tunnel is 7.92 km long and the left tunnel is 7.91 km long. Both have a cross-section of 52 m².

At Las Palmas de Gran Canaria in Spain, Euroestudios has been in- volved in the project of the Arena Gran Canaria since the beginning of the work in August 2011 and until its inauguration in March 2014. After its approval by the FIBA, the new sports Arena was able to host the basketball World Cup in Sep- tember 2014.

Our team has provided technical support during the construction management 06 process. With an area of 11,485 m², this new sports arena includes a main court with a capacity of 10,000 retractable and removable seats, two training courts and parking with a capacity of 270 spaces. Its state-of-the art facilities (dressing rooms, media rooms, vip rooms, fitness area, led display table with 152 m² of video screens) 23 allow for the organisation of international sporting events.

Finally, in Spain, in the water sector, Euroestudios continued its mission as a leader of the joint venture re- sponsible for supervising the works for heightening the Yesa dam.

The objective is to heighten the existing gravity dam from 80 m to 120 m in order 07 08 to double the reservoir capacity up to 1,000 million cubic meters. This required the construction of a new concrete-faced gravel dam. It should be noted that this type of dam is very particular, and few similar projects have been implemented. Our team also participated in the design phase. The contract was extended this year. The work began in 2011 and should be completed in 2020. s p a i n

e u r o p e TRN INGENIERÍA

The activities of the group and its geographic positioning in the field of engineering for urban and rail transport and logistics have been strengthened with the recent acquisition of the Spanish company TRN Ingeniería. This operation has also given TPF the possibility of acquiring new expertise in mobility.

01

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| 01 | line 1 extension of the Murcia tramway, Spain | 02 | rehabilitation of the Huancayo- huancavelica railway line, Peru

TPF Group Activity 2014 Report | 03 | new railway complex in Valladolid, Spain 02 03

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i n 2014, t r n i n g e n i e r í a h a s In Spain, TRN Ingeniería has have a new rail freight terminal which can strengthened i t s p r e s e n c e completed the feasibility study on accommodate 750 m long trains, a rail yard the line 1 extension of the Murcia for containers and general goods, a new i n co lo m b i a a n d p e r u w h e r e tramway. treatment and rail welding centre capable 25 it won t wo major contr acts: of managing 400 m long rails, as well as a one concerning the improve- Our design office has considered various centre for high track technology and an ment of the peruvian r ailway alternatives to develop the existing tram- Infrastructure maintenance base. Work way line. The analysis led to an extension will continue in 2015. line huancayo - huancavelica of 4,250 m with 11 stops. The selected route a n d t h e ot h e r f o c u s i n g o n will serve the historic centre and station of t h e n e w lo g i s t i c s a r e a a n d El Carmen in the most densely populated In Peru, the rehabilitation project of o u t e r h a r b o u r o f t h e p o r t area of Murcia. the Huancayo-Huancavelica railway Trams will run without overhead line or line caught our attention. o f c a l l ao i n l i m a . aps system in order to preserve the aes- thetics of the urban centre and to allow With a total length of 129 km, the railway our te a m h a s a l so e x ten ded the passage of processions, parades and line in question consists of 25 stations. i t s r a n g e o f ac t i v i t i e s. i n other events. The poor state of its infrastructure affects the operation of the trains and the provision m e x i co, i t to o k pa r t i n t w o of railway services. b a s i c d e s i g n s f o r t h e m e t r o In Spain, the year 2014 was marked Operations by trn Ingeniería include the l i n e e x t e n s i o n s i n m e x i co by the beginning of the construc- feasibility study (definition of the different c i t y. i n p o l a n d, i t h a s b e e n tion of the new railway complex possible solutions to the problems and in Valladolid. TRN Ingeniería is possible variants, demand study, proposals awarded two feasibility stud- overseeing the work. for future operation, analysis of socio- ies f o r t h e modernisation economic profitability) and the basic design o f r a i lway infrastructures. The origin of the project came from the based on the successful proposal. At the need to free up the land in the city centre, same time, our team has been responsible currently used by railway installations for promoting the project to private investors different than passenger stations. likely to finance the railway infrastruc- This ambitious program aims for the con- ture concession. This 30-year concession struction of a new railway bypass east of includes financing, construction, operation the city, and a new workshop in charge of and maintenance. Our team must also the manufacture and maintenance of the support the Central administration equipment, machines and tools. It will be throughout the whole process until the equipped with uic and Iberian gauge award of the concession. tracks. These infrastructures will also f r a n c e

e u r o p e TPF INGé NIERIE

2014 was a particularly active year for the devel- opment and positioning of TPF Ingénierie in France. A new identity, TPF-i, and a new signature standing for co-creative engineering. A little i for a big step forward! 26

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© Groupe 6

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© Cirmad Grand Sud © D A Architectes Dacbert

| 01 | commercial Centre Cap 3000 in Saint Laurent du Var, France | 02 | commercial Centre of the Prado, Marseille, France | 03 | national veterinary school of Alfort - ENVA,

TPF Group Activity 2014 Report Maison Alfort, France The Cap 3000 commercial centre Important constraints have to be taken in Saint Laurent du Var is a fantastic into account in the development of this example of co-creativity imple- project designed according to a 3d digital mented by our subsidiary TPF mock-up (bim design). The teams of TPF-i Infrastructures. and secmo are respectively involved in the project management and final design It concerns the renovation and extension studies of infrastructure and superstruc- of the Cap 3000 commercial centre, which ture works, and their geotechnical impact was built in the early 1970s and bought on surrounding structures. The control of five years ago by the Aldeta group. The geotechnical soil structure interactions in objective is to make it one of the largest seismic zone (zone 2) is essential for this commercial centres in the region of project which requires a modal analysis. the first semester was marked Provence-Alpes-Côte d’Azur (South East of France). The overall sales area, which by t h r e e e x t e r n a l g r o w t h currently covers a 38,000 m² area, will rise Among the accomplishments of o p e r at i o n s w i t h t h e acq u i - to 64,000 m² for a total of 103,000 m² of TPF Ingénierie, we can also mention s i t i o n o f t h e s e r ec g r o u p, commercial usable area comprising approx- the project management assignment a m a j o r i t y s t a k e i n t h e imately 300 shops. To adapt the parking for the national veterinary school capacity to future attendance, the number of Alfort (ENVA), one of the four co m pa n y i c r i n l a r éu n i o n, of parking spaces will be increased by French national veterinarians schools a n d t h e c r e at i o n o f b e t e k 2,000 spaces to reach 4,800 spaces spread located on the outskirts of Paris. ingénierie in monaco, the first across 3 car parks. t w o e n a b l i n g t h e i n t eg r a - This is a very complex project due to admin- Under the supervision of the Ministry of istrative management (development plan to Agriculture, Agri-foodstuff and Forest, t i o n o f n e w e x p e r t i s e i n i n - be changed, taking into account the Natura the enva ensures, as an institution of frastructure , environment, 2000 area) and due to construction and the higher education, the teaching of veteri- acous tic s a n d l a n d sec tor s. constraints of the site (Mediterranean Sea nary disciplines and research in this area. to the south and the Var river to the east). The operation consisted of the construc- The client (Aldeta) entrusted TPF Infra- tion of a prb building (biological hazard 27 The second semester strengthened the structures with a project management building), which will allow to develop one new positioning of TPF-i, first with the mission for the construction of the infra- of the most important pet clinics in Europe. fusion of the three ex-subsidiaries structures and networks, as well as the The grouping of all activities presenting a BETEREM Ingénierie, OUEST Coordination realisation and assistance to the main biological risk in the same area will create contractor for regulatory procedures linked a new dynamic in the clinical field and and TPF France, accompanied by a change to the environment and town planning. will strengthen the international reputation of legal identity and the relocation of the of the venerable School of Alfort, which headquarters of TPF-i in the new business is the oldest in the world. district “Euroméditerranée” in Marseille. Marseille will shortly welcome a state-of-the-art commercial centre Continuing its external growth strategy, located in the 8th district. The ex- Another project worth mentioning on April 1st 2015, TPF-i acquired the pertise of TPF Ingénierie and its is the ITER project (International “Proximity Engineering” branch of SNC subsidiary SECMO will be used Thermonuclear Experimental Lavalin France, allowing it to reinforce in the construction of the Prado Reactor): an experimental device commercial centre, a highly tech- designed to demonstrate the fea- and diversify its skills, and to extend its nical urban project which is part sibility of a nuclear reactor using geographic reach thanks to 7 new sites. of the real estate program accom- the principle of nuclear fusion. In a difficult economic environment, panying the Stade Vélodrome. particularly in the building and infra- The iter project, currently under con- The building consists of 7 levels of public struction, combines the efforts of thirty-five structure sectors, TPF-i achieved a 10 % underground parking and a commercial countries including the European Union, increase in its consolidated turnover centre of more than 10,000 m² spread over India, Japan, China, Russia, South Korea, through new acquisitions. 5 levels of shops, positioned around a mail United States and Switzerland. with an opening on the outside and covered In this context, the iter Organization with a glass canopy, which rests on a metal entrusted TPF-i, the Rudy Ricciotti archi- frame and protects customers from the tect firm and Vinci (Travaux du Midi and weather. The building has been designed Dumez Méditerranée) with the design according to an environmental approach and construction of a logistics platform including the breeam® “Excellent” certi- designed to host the necessary parts for fication, and an approach including the the construction of the reactor. permanent reuse of resources named This project involves the construction of “Cradle-to-cradle”. an exterior storage area of 14,250 m² and f r a n c e

a 9,790 m² warehouse including storage In the context of the development TPF-i was chosen for a double areas with controlled temperature and of the ZAC EuroRennes in Rennes, operation: the reconstruction of e u r o p e relative humidity atmosphere. Territoires & Développement has the Lycée François Andréossy and This project fits within the regulatory launched the rehabilitation and partial restructuring of the Lycée framework of installations classified for extension works for the southern Jean Durand in Castelnaudary. environmental protection. Finally, this parking station. project has the particularity to have hy- Located in the city centre, the old Lycée draulic structures designed to withstand With the ambition of making the Rennes François Andréossy is the place to study 100-year rain conditions + 20 % for 2 hours. area a real European metropolis, the urban Habitat and Public Works. Its reconstruction project EuroRennes involves the recon- is taking place 1.5 km from the city centre, figuration of 58 hectares near the city where the Lycée Jean-Durand and the agri- TPF Ingénierie is once again using centre. One of the main challenges is to cultural Lycée Pierre-Paul Riquet are al- its expertise for the purpose of foster links between the north and the ready based. These two high schools cover culture for the Campus Luma south of the city in order to erase the his- a 53 ha area and the new buildings will be project in Arles. torical rupture linked to the railway line located at the heart of the site, representing crossing the city. But the heart of the project a comprehensive development of 70,000 m². The Campus Luma project will be a site is the transformation of the station in a The new facility will consist of several new for exhibition galleries, reflection work- Multimodal Exchange Cluster by 2020, in buildings (more than 18,000 m²) of which shops, knowledge transfer for artists and order to respond to two major events: the some will allow the pooling of functions thinkers, and is dominated by the inspiration arrival of the Britanny high speed line, for the 3 schools (restaurants, documen- of architect Franck Gehry, instigator of the linking Paris to Rennes in 1h27 and the tation, science and sports teaching). key building, a destructured 56 metres commissioning of the 2nd subway line. Boarding students will be able to join a high tower fully covered in stainless steel. In this future business district, the mission third boarding school with 250 spaces At the request of the sci Parc des Ateliers of TPF Ingénierie includes project manage- (1 per school). In order to reduce energy d’Arles, TPF Ingénierie is taking part to a ment for the rehabilitation and extension consumption costs, a boiler room with a project management assignment concerning of the existing parking in the strategic wood burner will also be built, as the old the rehabilitation of the old buildings and management zone “Gare de Rennes”, offer- existing gas boiler becomes a backup boiler. workshops of the sncf (Société Nationale ing 1,200 additional parking spaces. The The outdoor areas will also be redeveloped, 28 des Chemins de Fer - National French complexity of the studies lies in the fact with the construction of sports facilities Rail), works on riveted metal frames, that the parking will be topped by three and green spaces to facilitate travel be- areas converted into exhibition rooms, 8-floor buildings for which we also have tween institutions. workshops, training, and residences for coordinated assignments including global The association of these three high schools students and artists. seismic calculations. will form a high school student campus.

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© j.cabanel © Gehry Partners, LLP TPF Group Activity 2014 Report 06 07

© Cusy Maraval architectes

The French national railway com- of 38 stations. The city of Perpignan suc- pany, SNCF Réseau, has initiated cessfully commissioned 12 buses with a | 04 | iTER logistics platform - Cadarache, France the implementation of a new high high service level (bhns) named “Bus-Tram” | 05 | campus LUMA - Arles, France speed line connecting the three main which will serve the first line linking the | 06 | Bus Rapid Transit Line, Perpignan, France cities of the region Provence Côte north to the south of the city. | 07 | lycée François Andréossy in d’Azur (Marseille, Toulon and Nice). Travelling at a speed of 16 km/h, the “Bus- castelnaudary, France Tram” benefits from services comparable to | 08 | extension of the South Station Parking - The objective of this new line is not only those of a tramway, including priority cross- ZAC EuroRennes, Rennes 29 to constitute an efficient rail system for ing, station accessibility, ticket machines the region (200 km) by doubling the traffic in stations and real-time travel information of regional trains, but also to open the in the vehicle and in the station. Mediterranean axis Barcelona-Marseille- Genoa to the high speed network.

TPF Infrastructures will bring support to 08 the sncf for the works located in the east sector of the project (70 km) during a land and project management assignment. The project will be implemented in 3 phases which will allow accommodating 8 million additional passengers annually by 2030, by sorting priority within the main railway junctions of the most important cities. The awarded contract aims to support the client in the definition and the formalisation of its land strategy.

The Perpignan Méditerranée district invested in a Bus-Tram system and acquired its first Bus Rapid Transit line. © Atelier Le Prado

The initial operations concern 24 km of roads spread into 10 km dedicated to the “Bus-Tram” line and 14 km of additional roads with specific developments. Our Perpignan team was entrusted with a partial project management mission and complete supervision. The roads dedicated to the public transport system will serve a total b e l g i u m

e u r o p e TPF ENGINEERING

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© Atelier DSH / 2G Projects

| 01 | Project FLY-IN, Bierset, Belgium | 02 | restructuring of the site of the Triage-Lavoir

TPF Group Activity 2014 Report of Binche, Belgium In 2014, TPF Engineering initiated a merger process with the Liège subsidiary of the group, Louis Engineering, which will take effect on January 1, 2015. This new multidisciplinary structure has now over 120 employees specialised in the field of building, infrastructure and civil engineering works. After a particularly difficult year in 2013, the housing and infrastructure activities have shown good results during the last months of the year 2014.

p o s i t i v e n e w s i n c lu d e t h e 02 beginning of the construction 31 o f t h e c a n c e r c e n t r e j u l e s b o r d e t a n d t h e b a s t i o n s commercial centre in tournai o n b e h a l f o f w e r e l d h av e , provisioning o f t h e v e r i d i s office building for the com - pany b a n i m m o i n au d e r g h e m, a s well a s the renewed trust of our customers, including c a m p i n a a n d co lo n a w h i c h © Juan-Luis Rodriguez Samper h av e respectively e n t r u s t e d u s w i t h t h e construction TPF Engineering participates in Meanwhile, the restructuring of o f t h e i r s to r ag e a n d s au c e the construction of the largest the Triage-Lavoir site in Binche is p r o d u c t i o n u n i t s . worldwide indoor skydiving Sim- underway. ulator. Its opening is planned for summer 2015. After restoring the facades, roofs and ex- a s for work in progress, the ternal frames of the protected building, c u lt u r a l a n d s p o r t s c e n t r e Located close to the airport of Bierset, the the work intensified and led to the con- o f harmoncourt a n d s t u d - Fly-In will be hosted in a 650 m² building, struction of a new semi-underground i e s f o r t h e n e w s t e r r e b e e k on a plot of 36 ares. It will house a circular building and the development of its sur- fan of 5.2 metres in diameter and 15 metres roundings. The architecture assignment a m e r i c a n s c h o o l a r e p r o - high which will accommodate 8 people is carried out by idea in collaboration g r e s s i n g q u i c k ly. simultaneously. The architectural firm with Arcoteam (TPF Group) while TPF dsh has designed the building. The public Engineering is in charge of Project Manage- limited company 2g Projects has entrusted ment, assistance to the awarding authority, our teams in Brussels and Liège with the of the consulting engineering assignment structural engineering and technical build- for structural engineering and technical ing services studies, as well as peb specific building services as well as the Health and project management assignments. and Safety Coordination. b e l g i u m

This new building, with a surface area of area of 8,000 m², an event hall (with a 9,000 m², is intended for storing geological maximum capacity of 1,500 people) and

e u r o p e excavations and archives of the Kingdom. 7,000 m² dedicated to production activi- It will house 4 federal scientific institutions: ties (workshops, offices, and others,...). the Museum of Natural Sciences, the Royal There are eight buildings in total, with Museums of Art and History, the Royal two of them housing a cinema on the 3rd Museums of Fine arts and the Royal Library level, with eight cinema rooms of 100 to of Belgium. It should be commissioned 200 seats. The other six will be protected for the Régie des Bâtiments by May 2016. by a huge canopy of 11,000 m² and will form the “Mall”. The existing building, referred to as the “Cathedral”, is one of the oldest In Brussels, the commercial centre industrial buildings in Brussels (1830). It project “Docks Bruxsel” is under will be restored to house a museum area, construction. The construction shops and offices. This new shopping and started in summer 2013, and is leisure centre should open its doors on now reaching full speed. October 20, 2016. The contribution of TPF Engineering This new eco-friendly neighbourhood is deals with structural engineering, the located on the banks of the Canal, two steps surroundings (vrd) and technical build- from the Royal Park and the Van Praet ing services (Heating, Ventilation and Air bridge, and extends over 4 hectares of land. Conditioning - Electricity (light and strong It will feature a retail area of 41,000 m² current) - Sanitation - Fire Protection - (130 shops spread over 2 levels), a leisure Lifting Equipment).

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| 03 | docks Bruxsel, Belgium 32 | 04 | rehabilitation of the former Cité Administrative, Brussels, Belgium | 05 | ”Black Pearl” building, Brussels, Belgium | 06 | swimming pool of Ans, Belgium

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© Jaspers-Eyers Architects TPF Group Activity 2014 Report 05 06

© Art & Build Architectes

Another impressive project is bicycles. Immobel contacted TPF Engi- without a doubt the rehabilitation neering for the structural assignment. of the former Cité Administrative (administrative centre) built in This passive building with high insulation the 1980s. This 70,000 m² con- capacity integrates multiple original tech- struction, initiated in 2009, was nical solutions: geothermal heat exchangers completed in early 2014. for the heating and cooling needs, condens- ing boilers for additional requirements, The Cité Administrative consists of several integrated heat extraction systems in the buildings located rue de Ligne, place de hvac system, rainwater recovery for san- Louvain, and boulevard Pachéco. itary purposes through the use of green Two of them, the D and F buildings, are roofs, individual heat control. The building rented by the Régie des Bâtiments and are also features an intelligent system coupled 33 occupied by the federal police: about with natural light in order to control artifi- 60,000 m² total. cial lighting. These assets have earned the Building C, meanwhile, was converted building an “Excellent” breeam certification, into a mixed-use building: 10,000 m² of and it has also received the “Exemplary offices, 75 housing and commercial spaces. building” distinction of the Brussels- The “offices” section is awaiting tenants Capital Region in 2012. The building has while the “housing” section will be com- been commissioned at the end of 2014. pleted end of 2015. The original classified green area of the Cité Administrative, the “jardin Pechère”, Another event that marked the year was rebuilt identically. Two car parks have was the inauguration of the new been renovated: the first one is spread swimming pool of the city of Ans. over 5 levels comprising of 755 spaces TPF Engineering (ex Louis Engineer- under the esplanade and the second over ing) was in charge of structural 3 levels comprising of 975 spaces under engineering and completed their the D building. assignment successfully. TPF Engineering was in charge of the technical building services part and more The building is entirely made of glass and specifically the hvac. metal and has been designed in the shape of a wave by architect Jean Michel Ruols. This unique infrastructure - 100 m long Still in Brussels, the “Black Pearl” and 2,250 m² of surface area - is full of new stands out elegantly from other technologies (basins in stainless steel). office buildings due to its bold architecture, black granite facades and large glazing.

This 11,000 m² office building is located rue Montoyer 15, at the heart of the European district. It is built on a total of eight levels including two underground levels reserved for archives and parking spaces for cars and f r a n c e / b e l g i u m

TPF-UTILITIES e u r o p e

Over the years, the various entities of TPF-Utilities have put their expertise and technical know-how at the disposal of enterprises and organisations in the public and private sectors. From Facility Management to Delegated Manage- 34 ment (conduct, operation, maintenance) and studies related to the collection, processing, utilisation and distribution of water or for the production, management and the rational use of traditional and green energy, our teams are active in various projects.

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| 01 | Bomal waste water treatment plant, Belgium | 04 | installation of hydroelectric plants | 06 | installation of hydroelectric plants in | 02 | villers-la-Ville waste water treatment plant, in the perimeter of the national park the perimeter of the national park Belgium of Virunga - Water intake works, of Virunga - Pressure pipe-line, Democratic Republic of Congo Democratic Republic of Congo | 03 | Gayant EXPO exhibition park - Douai, France | 05 | lnstallation of hydroelectric plants in the | 07 | wind farm on the heights of the perimeter of the national park of Virunga - Ngong Hills, Kenya

TPF Group Activity 2014 Report Plant, Democratic Republic of Congo The consultancy office also expe- (± 11.2 mw for a drop of 225 meters and a rienced an increase of its activities flow rate of 6 m³/s), Lukwaliha (± 8.5 mw in the wastewater sector. For for a drop of 180 meters and a flow rate of example, this year, TPF-Utilities 6 m³/s) and Mutwanga (± 1.4 mw for a drop completed studies for the waste of 240 meters and a flow rate of 0.8 m³/s). water treatment plant projects in This brings the total power studied to over Bomal and Villers-la-Ville. 100 mw. Let us also mention that TPF-Utilities was The completion of these works marks awarded a contract for the study of the the end of the waste water treatment electrical network at average and low voltage, programme of the Intercommunale du for the distribution of the electrical energy Brabant Wallon. produced, while studying the first two Also, obtaining the final acceptance for the hydroelectric sites (Rutshuru and Libero). waste water treatment plant of the com- mune of Rosières (equivalent to 200,000 inhabitants) allowed to complement an In Kenya, near Nairobi, a second already extensive list of references with wind farm has received provisional over fifty wwtp’s. acceptance this year, at the top of i n t h i s h i g h ly competitive the Ngong Hills . m a r k e t, 2014 p r ov e d to b e a In the field of energy, our consul- The number of wind turbines installed by r at h e r g o o d y e a r i n t e r m s tancy office also put itself forward the teams of TPF-Utilities is now 18. Each o f t u r n ov e r a n d b ac k lo g by signing a new contract in Dem- of them has a power capacity of 850 Kw. o f o r d e r s. ocratic Republic of Congo. The aim i n b e l g i u m , t p f - u t i l i t i e s is to carry out six additional studies for the implementation of hydro- Operation staff represents 85 % achie ved satisf ying progress electric plants in the perimeter of the of TPF-Utilities, and carried out i n fl a n d e r s a n d b r u s s e l s. Virunga national park (800,000 ha) over 130 contracts for the mainte- t h e maintenance ac t i v i t y i s in the Northern province. nance and delegated management 35 the one which incre a sed the of technical facilities. At the same Specifically, this comprehensive programme time, the Saint-Jean clinic in Brussels m o s t t h i s y e a r . focuses on the construction of the hydro- and the Gayant EXPO exhibition i n fr a n c e , i n o r d e r to co p e electric power plants of Kighali (± 11.5 mw park located in the French town of with the growth of the del- for a drop of 240 meters and a flow rate of Douai have entrusted us with two egated management activit y, 6 m³/s), Ruwanguba (± 18 mw for a drop new contracts. of 200 meters and a flow rate of 12 m³/s), the fr ench subsi dia ry e s ta b - Butembo – River Talya North (± 28 mw TPF-Utilities is now in charge of technical lished itself in new premises at for a drop of 560 meters and a flow rate management, operation and maintenance in fretin, close to lille airport. of 6 m³/s) Hutwe – Talya South River total guarantee for all the hvac installations

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of the Clinique Saint-Jean. This new assign- management of the heating, ventilation, ment will run for a period of three years and hot water, waste water, lighting and smoke a half and includes the equipment for the treatment installations of the Gayant production of heat and cold in 5 buildings. expo exhibition park: a total of 10,000 m² of exhibitions rooms and venues. Hence For the next five years, our specialists will the enthusiasm of our team! also be responsible for the exploitation and b e l g i u m

e u r o p e TPF-BASSE SAMBRE

Since 2013, TPF-Basse Sambre has ex- tended its field of action in Africa, focusing on particular regions of Eastern Africa (from Tanzania to Mozambique) for its Oil & Gas activities, and the Gulf of Guinea (from Senegal to Ivory Coast) for its mining activities.

36 01 TPF Group Activity 2014 Report a lt h o u g h t p f - b a s s e s a m b r e At the beginning of September The full engineering and execution design wa s u n a b l e to ac h i e v e n e w 2014, the teams of TPF-Basse must be finalised within a period of 6 months. Sambre were on the site of the s u cc e s s e s t h i s y e a r i n t h e Mnazi Bay nature reserve, south co u n t r i e s o f t h e g u l f o f of Tanzania. This year has also been marked by guinea, in particul ar because the beginning of the second part of o f t h e devastating i m pac t The French company Maurel & Prom, a the consultancy services contract key player in the exploitation of natural gas, concluded in 2013 with the Qatar o f t h e e b o l a v i r u s, o u r s u b - has signed a first engineering contract National Cement Company (Q.N.C.C). s i d i a r y wa s awa r d e d a fi r s t with TPF-Basse Sambre for the process e p c co n t r ac t (engineering, design of the interconnection of several After being selected as the provisional procurement a n d cons truc- on shore and off shore natural gas wells. contractor, Fives fcb has signed on April In November, Maurel & Prom confirmed 13, 2014 an epc contract with the Qatar tion) i n ta nz a n i a f o r t h e an epc order (Engineering, Procurement National Cement Company for the reali- interconnection o f s e v e r a l and Construction) for the full realisation sation of its new cement production line g a s w e l l s to t h e m a i n p i p e - of the project. no. 5, with a capacity of 5,000 t/d. TPF-Basse l i n e l i n k i n g m t wa r a to da r The first objective is to connect (by February Sambre s.a. has been appointed by q.n.c.c. 2015) three wells to the main 600 km long as Consulting Engineer on the project. e s s a l a a m, w i t h a l e n g t h o f pipeline linking the site to Dar Es Salaam, 37 60 0 k m. t h i s p r o j ec t i s a n while other wells will have to be connected 02 anchor for the development by October 2015. The gas will be trans- o f o u r ac t i v i t i e s i n e a s t e r n ported under a pressure of 140 bars and temperatures of up to 85°C. a fr i c a , a r eg i o n t h at h a s The gas produced on the Mnazi Bay site is d i s p l ay e d s o l i d g r o w t h i n intended not only for the production plant t h e o i l & g a s s ec to r ov e r of Mtwara, operated by the Tanzanian t h e l a s t fe w y e a r s. Petroleum Development Corporation, but also for domestic consumption and in par- ticular for the population of Dar Es Salam. On the Algerian territory, TPF-Basse Sambre also confirmed its expertise in the cement sector by signing two con- In the cement sector, TPF-Basse tracts relating to consultancy services Sambre signed in November 2014 a contract for the engineering and and project management. design of the full fluid networks Thanks to the strategic decisions taken (air, water, fire networks, utilities) of in 2014 and despite economic condi- the CHLEFF cement plant in Algeria. tions still being difficult, TPF-Basse Property of the Algerian group gica, this Sambre is positioned today as a leading brownfield plant is under construction by industrial player in its sectors: Oil & Gas, the French company fcb and will have a ores and cement. capacity of 6,000 t/d.

| 01 | Production line no. 5 of the QNCC cement plant in Umm Bab, Qatar | 02 | Mnazi Bay gas field, Tanzania p o r t u g a l TPF PLANEGE e u r o p e

TPF Planege is performing oustandingly, and we are proud of the results it has achieved. Its con- solidated turnover reached its highest historical level for the second consecutive year. Its greatest 38 strength lies in its ability to export and willingness to develop synergies within the group.

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01 03 TPF Group Activity 2014 Report | 01 | new railway line Boughezoui-Djelfa, Algeria | 02 | special territorial organisational plan for the Zambezi Valley (PEOT) | 03 | lisbon Airport, Portugal | 04 | new health care technical training school in Dundo, Angola

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i n d e e d, 92% o f i t s t u r n ov e r In Mozambique, the development In Algeria, TPF Planege participated, co m e s fr o m e x p o r t, m a i n ly in line with the Special territorial for the second consecutive year, organisational plan for the Zambezi in the final design project for the i n a fr i c a (a lg e r i a , a n g o l a Valley (PEOT) is without a doubt new railway line Boughezoui-Djelfa, and moz ambique) and europe one of the most emblematic pro- a single track extension of 140 km. (p ol a n d a n d ro m a nia ) in the jects of the year: an ambitious plan sec tors of sanitation, water, for the sustainable development During the last few months, technical work of a region of 15 million hectares. on the ground was completed (Geotech- environment, urban planning, nical and topographical surveys) as well 39 l a n d development, b u i l d i n g Launched by the Ministry of planning as part of the final design projects on road or tr ansport infrastructure. and the development of the Republic of reinstatements, retaining walls, special Mozambique, through the Agency of hydraulic passages, protection structures development of the Zambezi Valley (advz), for existing underground infrastructure TPF Planege has not slowed down on its this plan integrates the Tete province and and wildlife crossings. activities in Portugal. Our design office surrounding districts of the provinces of This contract, entrusted by the Algerian has won a new contract for the revamping Manica, Sofala and Zambezia. The inter- company cosider-Travaux Publics (in charge of Terminal 1 and the construction of vention area covers 147,900 km² and is of the design and construction), confirms located in the last part of the basin of the our expertise and strengthens our position the Lisbon Airport police station. river Zambezi, spanning more than 900 km, in the market of railway infrastructure. starting from the border with Zambia and Zimbabwe towards the river mouth. The objective is to carry out strategic In Angola, our Portuguese subsid- environmental assessment as well as the iary focuses closely on the construc- study of the multisectoral plan and the tion of the new health care technical numerical model for decision-making with training school in Dundo. Eventually, the contribution of stakeholders in the the establishment is planned to various sectors concerned, namely: the accommodate 700 students. The mining, agriculture and forestry sectors, objective of the project is twofold: transport and communications, environ- providing quality education and im- ment, tourism, energy, water, fisheries, proving the efficiency of health care. health and education. This 12 month contract was awarded to Located on an area of 46,000 m², this new the consortium formed by our Brazilian University complex benefits from a privi- subsidiaries Synergia and Projetec and leged location near the new centrality of directed by TPF Planege. It is carried out Dundo and its new airport. The new school with the support of the Institute for Envi- of technical training in health care will ronmental Studies at the Free University bring together a diversity of functions ar- of Amsterdam and the higher Institute of ranged according to radial logic: teaching, Statistics and Information Management ancillary facilities (auditorium, library, of the New University of Lisbon (in Por- restaurant), housing, administrative ser- tuguese, Universidade Nova de Lisboa). vices, sports grounds and leisure areas. p o r t u g a l

e u r o p e

05 The tasks to be performed for the Govern- In Portugal, TPF Planege already ment of the Province of Lunda North has to its credit a number of large- include the realisation of the master plan scale projects in the field of trans- and the projects of architecture and engi- port infrastructure. In the railway neering, since the preliminary study until sector, let us highlight the rein- 05 the final design project. forcement of the security of the Douro railway line.

40 This year also saw the completion of TPF Planege was awarded the supervision preliminary studies and final design and assistance to project management for project for the implementation of the slope stabilisation work between km the integrated infrastructure in 103+900 and 117+930 (Régua/Ferrão - Lot 3) Cacuaco, Angola. This project will of the railway line of Douro. allow hundreds of people to live This 15-month mission, entrusted by refer in suitable conditions of hygiene Engineering, is part of the program of slope and habitability. renewal and stabilisation for the Douro line between Régua and Pocinho. The objective The urban redevelopment of Cacuaco aims is to reinforce the safety conditions of train 06 to regenerate a large informal settlement movement on the network. area of 263 hectares, to rehabilitate and expand networks of water, energy, sanita- tion and social facilities, to improve the In the airport sector, a new contract road network and to develop green spaces. was signed with the company The studies were quite complex as we needed ANA-Aeroportos de Portugal. to define a new urban mesh and deal with the definition and integrated design of It includes the redesign of the commercial urban infrastructure to install. The mission areas of Terminal 1 and the construction does not stop there for TPF Planege and of the police station inside the interna- its partner TPF Angola since they were tional airport of Lisbon. also asked to provide technical assistance This contract runs on a period of 18 during construction work. months and includes the supervision of the work as well as the coordination of health safety on the site during the work.

At the same time, our team has continued to work on the Portu- guese road and motorway net- work: it has provided technical assistance to the sector’s leading

TPF Group Activity 2014 Report players including Ascendi, Brisa, Estradas de Portugal, Rodovias do TPF Planege has been a part of those Algarve Litoral, ACE, and Rodovias projects for several years. In 2014, do Baixo Alentejo, ACE. our subsidiary signed a new con- tract with the Millennium Challenge Within the context of conservation, ex- Account - Cape Verde II for the ploitation and maintenance of road infra- “Studies and Projects I of the Water structure, TPF Planege has engaged in and Sanitation Fund (FASA)”. multiple missions covering road projects, road safety audits, structural evaluations In total, four projects are underway: the and road condition surveys, monitoring first relates to the characterisation and and evaluation of the stability of slopes design of the wastewater tertiary treatment and retaining walls, drafting of technical on the river of Vinha on S.Vicente Island advice or technical solutions to imple- and the other three concern Wastewater ment for the recovery and conservation of Treatment Plants and sanitation works of existing infrastructure. the cities of Cidade Velha, João Teves In addition to the final design projects and Pedra Badejo located on the island of related to the EN13 and EN205 national Santiago. Studies have focused on the one roads in the district of Braga, special hand, on the technical component and on the mention goes to the slope stability studies other hand, on economic, financial, social, of the Beira Litoral e Alta and Grande Lisboa institutional and environmental aspects. concessions, as well as condition surveys The Water and Sanitation Fund represents of the roadways and motorways A1, A2, 21 million dollars and is funding the Water, A3, A4, A6, A12 and A13, representing a Sanitation and Hygiene project (wash) total of approximately 1,400 km. whose objective is the improvement of water

and sanitation infrastructures in Cape | 05 | urban redevelopment in Cacuaco, Angola Verde, focusing on studies and projects, | 06 | douro railway line, Portugal In Cape-Verde, different projects construction and technical assistance to | 07 | Portuguese road and motorway network have been implemented to improve the operating companies. | 08 | studies and Projects I of the Water and access to water and sanitation. Sanitation Fund (FASA), Cape Verde 41

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a m e r i c a PROJETEC

In Brazil, Projetec has managed to im- prove its competitiveness and economic performance permanently. Our subsidiary confirmed its reputation and expertise with its existing customers while extending its activity into new markets. This year, it won its first contract in Rio de Janeiro, Southeast of the Brazil.

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| 01 | Project Entremontes - State of Pernambuco, Brazil | 02 | Project Via Mangue - Recife, Brazil

TPF Group Activity 2014 Report | 03 | Agreste Water Main, Brazil In the field of irrigation, let us highlight its involvement in the project of Entremontes seeking the implementation of 18,494 ha of irrigated agriculture. This vast project covers the areas Chapada do Arapua, Parnamirim and Urimama located in the semi-arid region of the State of Pernambuco. i n a d d i t i o n , s a f e t y a n d Projetec was responsible for the study of environmental management technical, economic and environmental efforts resulted in the award sustainability, the environmental impact o f i s o 140 01 a n d o s h a s 180 01 study as well as the preliminary engineering certifications. design. The water supply will run through Section VI of the São Francisco basin transposition system. This 18-month project is divided into two phases. The first concerns Projetec participates in the design the preliminary studies, the adaptation 43 and management of the Agreste of existing studies, the development of water supply system. The invest- alternative solutions as well as the socio- ment is estimated to 1 billion dollars. economic and environmental assessment. The second will ensure that the chosen Brazil has 12 % of the water resources of solutions are viable. the planet. Yet only 80 % of the population have access to drinking water. The situation is particularly critical in the area of the Projetec has contributed to the Nordeste which has only 3 % of the country Via Mangue project implemented surface waters, which essentially lie in the by the municipality of Recife in basin of the São Francisco. The Agreste partnership with the federal Water Main, included in the complementary Government. The 4.5 km corridor works of the São Francisco transposition stretches from the north to the project, is one of the largest water supply south of the city. system in the country. Eventually, the 1,300 km of pipeline will bring water supply Designed to decongest traffic in the to 2 million people in 80 municipalities southern part of the city, the Via Mangue within Pernambuco. is a junction corridor between the district Initially sought to design the water supply of Boa Viagem and the city’s central area. system, Projetec was finally appointed to In addition to the road works, installation ensure the management and supervision of sidewalks and bike paths, the widening of all the work, provide technical assistance of an existing bridge nearby or even the and develop environmental programs. construction of two flyovers and eight b r a z i l

a m e r i c a

bridges (five of them for the conservation the projects for the sewage system of of the mangrove habitat), the project also the city of Camaragibe, a city of around | 04 | camaragibe Project, Brazil includes a housing development and 380,000 inhabitants located about 15 km | 05 | Advanced Management System (SIGA) sanitation programs for deprived popu- from the Capital of the Pernambuco state. lations. Projetec, for its part, has been awarded the supervision, coordination, technical control and environmental Searching for an effective solution management for the implementation of the for the control of the services of second and third phases of the project. urban maintenance in the city of Recife, Projetec developed the concept of an advanced manage- In the sector of waste water, our ment system (SIGA). Brazilian subsidiary participated in the Camaragibe project. Teams on motorbikes check the progress of the paving works in a given area, at any This project follows the public-private given time. A map available in the screen partnership signed at the beginning of of the control centre allows users to check 2013 between the Pernambuco state exactly where the agent is at that moment, 44 government and the company Foz do as well as the location of all the spots being Atlantico sa. The investment of 35 billion controlled in the road. Data transmission reals aims to improve the sanitation services is instantaneous thanks to a 4G platform. coverage in the 14 municipalities of the A support team, at office, produces the metropolitan region of Recife from 30 % compiled data and issues the respective to 90 %. Projetec was appointed to elaborate managerial reports.

04 05 TPF Group Activity 2014 Report SYNERGIA

For Synergia, these last few months have been extremely interesting and fruitful in many ways. In addition to the increase in its turnover and the arrival of new clients like the company Votorantim or the mining companies Manabí and Samarco, our Brazilian subsidiary has remained true to itself and true to its desire to build a fairer, more prosperous, stronger and more inclusive society.

t h e y e a r 2014 h a s b e e n u s e d 01 45 to de v elop ne w me tho dolo - gie s in socio -environmental a p p r oac h, a n d to i m p l e m e n t a s o c i o - environmental intelligence s y s t e m. finally - in december - synergia h a s successfully pa s s e d t h e au d i t f o r r e n e w i n g i t s i s o 90 01:20 08 certificate .

| 01 | Project for the new railway line Colatina ES - Linhares ES, Brazil b r a z i l

a m e r i c a

02 The mining and logistics company Manabi S.A. contacted us within the context of the new rail line project linking the Brazilian cities of Colatina ES and Linhares ES in the State of Espírito Santo. On the one hand, it deals with the establish- ment of a physical, land and socio- economic registry for the area of the project, and on the other hand, with the topographic surveys and assessment of the installations.

The objective is to carry out a study of land and social viability for the imple- mentation of the new railway track, which is 80 km long. 93 properties have been identified in the 46 area in question. Each of them has been visited in order to present the project and 03 request permission to conduct a socio- economic survey with the owners. The in- formation collected relates to the property conditions, land situation, physical char- acteristics of the buildings, topography and assessment of buildings.

In the State of Sergipe, Synergia is interested in the Base Plan for the Quilombola Environment (PBAQ) implemented in favour of the Quilombola communities affected by the Carnalita potash project of the company Vale Fertilizantes.

This plan, approved by the Palmares Cultural Foundation, is composed of 14 components for action. Our team was responsible for the implementation of the 7 components dedicated to sex education, institutional reinforcement, socio-envi- ronmental education, health and the promotion of knowledge and traditional Quilombolas practices in health and healing, to the safeguarding of the cultural and ethno-cultural heritage, to the promotion of education as well as infrastructure carried out in the area of the Carnalita project. Synergia led actions to meet the needs

TPF Group Activity 2014 Report of 855 families in three communities. The obtained results include a particular The strategic mission of census and survey strengthening of the community organi- helped identify available resources, in con- zations, the establishment of a mapping junction with a screening of the evolution of | 02 | Base project for the Quilombola environment, Safeguarding the Batalhão cultural dance and signalling system for the cultural and the activity of the company on the territory. community of Terra Dura and Coqueiral, Brazil environmental heritage, a series of projects Synergia conducted the census operation | 03 | Base project for the Quilombola environment, for social facilities defined jointly with after having geographically delimited Workshop for the ethno-cultural safeguarding the community, and the promotion and the territory. It then conducted a series of of the community of Patioba, Brazil safeguarding of the Quilombola culture. interviews with 500 families around the | 04 | Forestry unit of Votorantim Siderurgia in the State of Minas Gerais, Brazil forestry unit and 200 other people work- ing in the area of operation (forestry farms, In the State of Minas Gerais, charcoal production units, collection our Brazilian subsidiary has also activity, Votorantim Siderurgia adminis- been contacted by the company trative services). Votorantim Siderurgia to carry out At the same time, our team carried out the census of the population living studies of socio-economic characterisa- in the area surrounding the forest tion of the cities of Vazante, Paracatu, and operations unit and eucalyptus João Pinheiro on the basis of 40 indicators plantation ensuring vegetable in order to understand the territory of charcoal supply. 500 families are influence of the steel company. 47 to be surveyed in total.

04 04 b r a z i l

a m e r i c a ENGESOFT

Through the recent acquisition of the consulting engineering firm Engesoft, TPF has strengthened its presence in the Nordeste of Brazil. Engesoft is a key player on the market offering a wide range of services. They operate primarily in the sector of drinking water, wastewater collection, urban sanitation, irrigation, dams and environ- 48 ment, but also in the sector of land registration and transport infrastructure.

01 01 02 TPF Group Activity 2014 Report the iso 9001:2008, iso 14001:2004 environmental education program for the In addition to that, all the project instal- a n d o h s a s 18 0 0 1: 2 0 0 7 c e r - population, paleontological and archaeo- lations are being modelled on the bim logical studies during the construction (Building Information Model) platform. tifications c o n f i r m t h e works and supervision of environmental e x c e l l e n c e o f i t s q u a l i t y protection of the areas directly affected m a n a g e m e n t s y s t e m a n d by the works. In the State of Piaui, Engesoft took h e a l t h a n d s a f e t y i n t h e part in the second phase of the Tabuleiros Litoraneos, an ambitious w o r k p l ac e . The sanitation company of the Piauí irrigation project aimed at increas- state, AGESPISA - Aguas e Esgotos ing the surface area of irrigated land do Piauí S/A has entrusted us with dedicated to organic agriculture The construction works for the the studies and projects of water (mainly fruits) to 5,600 hectares. first 150 km of the water belt of distribution and sewage collection the State of Ceará (CAC) started system of the capital Teresina. Engesoft was appointed to supervise the this year. Engesoft has been This city is located in the Nordeste works on behalf of the federal agency tasked with the supervision of 75 region of Brazil and has 835,000 dnocs (federal department of drought kilometres. inhabitants. control structures). Those works include: a main pump station for 6 m³/s, 2 km of The Secretariat of hydraulic resources of The project’s target area covers an area of two 1.5 diameter pipes taking the water the State of Ceará has invested about 300 km² in which Engesoft was asked to pumped to a big reservoir, a canal that 2 billion reais in this remarkable project, collect a set of topographic and aero photo- crosses all the future irrigated area and which also includes the installation of grammetry data. Therefore, the diagnosis 4 sectorial pump stations, to pressurize the canals, pipes, tunnels and siphons. Its objec- of the current system was carried out by agricultural area and to irrigate sectors 1 tive: to supply water to the urban and rural visits and analysis of the constructed in- to 4. The main pump station will receive population of the Cariri region (500,000 stallations, as well on existing registered 5 pumps of 1,000 hp, with a capacity of inhabitants in total) and increase irrigation and project components. Thenceforward, 1.2 m³/second each. The main canal has a activities in the area. The canal will receive it was proposed a variety of conception length of 15 km. water transposed from São Francisco alternatives to the assessment on technical, Activities developed are geotechnical and River (maximum flow rate of 30 m³/s). financial and environmental aspects. The topographical control, test of mechanical 49 The Engesoft team is also involved in most viable alternatives served as basis to and electrical parts in factory and guarantee activities related to the environment: the development of construction projects. of quality of the works.

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| 01 | water belt of the State of Ceará (CAC), Brazil | 02 | Tabuleiros Litorâneos irrigation project, Brazil | 03 | water supply and sewage collection of Teresina, Brazil p o l a n d

e u r o p e TPF S P. Z. O. O.

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During the year, TPF SP. z.o.o. has continued its development in Poland, dealing with major road and rail infrastructure projects. In addition to the projects completed successfully such as the southern bypass of Warsaw (sections of the expressway S-1 and S-79) and ongoing projects such as the construction of the 40 km section of the A1 motorway between Strykow and Tuszyndu, and the modernisation of the railway line No. 18 Kutno-Pila, our Polish subsidiary has won several contracts, including two project management and consulting contracts in the road sector, and a scientific contract funded by the European Commission under the seventh framework programme for research and development. TPF Group Activity 2014 Report i t s co r e b u s i n e s s r e m a i n s and control of costs as well as the coor- motorway in both directions without the dination of security. The completion is need to pass through the town of Kutno. architecture , a n d h a s b e e n expected by 2017. f a r f r o m n e g l e c t e d . t h e g d a n s k i b u s i n e s s c e n t e r TPF Sp. z.o.o. is actively involved in (p h a s e 1) d e s i g n e d b y o u r TPF SP. z.o.o. has consolidated its the collaborative research project position in the market of transport Design4energy. Initiated in 2013, a r c h i t ec t s w o n t h e p r i m e infrastructure in Poland by picking this project will extend over four p r o p e r t y p r ize 2014 i n t h e up a new assignment related to the years and is funded by the European architecture c at eg o r y. construction of a new section of Commission under the 7th frame- the A1 motorway. Eventually, this work programme for research and essential road axis of the trans- development. European transport network will provide a link for modern transit The aim is to develop an innovative Inte- between Poland and Austria via grated Evolutionary Design Methodology Czech Republic and Slovakia. that allows the stakeholders to predict the current and future energy efficiency The tasks covers the completion of the of buildings and makes better informed construction of A1 motorway in the section: decision in optimizing the energy perfor- the border of Kujawy-Pomerania Province mance at building life cycle level, including and Łódź Province to Stryków junction operation and maintenance. The project from km 230+817 to km 295+850 - task II, will take into consideration design energy section 2 from Sójki junction - to Piątek efficient building not only for the present junction (including the junction) from km but also for the future ensuring an Energy 245+800 to km 273+400, section 1 – from Efficient Life Cycle of the building. It will km 245+800 to km 261+000. The 16 km- develop tools and methodologies that can section in question is located in the territory help designing energy efficient buildings of Łódź Province in the Kutno district, on that can consider both short term perfor- TPF SP. z.o.o. is contributing to the territory of the following communes: mance as well as future scenarios, consid- 51 the construction of the west (right) Strzelce, Oporów, Kutno, Krzyżanów. Com- ering important factors such as deteriora- roadway of the western ring road pletion of the construction of A1 motorway tion curves, technology evolution, climate of Miedzyrzecz with a length of in this section will improve not only the change effect, users, energy neighborhood 6.37 km, adjusting its parameters comfort of travelling between Łódź and configuration, continuous commissioning to the requirements of the ex- Gdańsk but also the living conditions of alternatives while evaluating their impact pressway and the connection of inhabitants of Kutno. Kutno East junction in the Building Life Energy Performance. the designed section with the will make it possible for drivers travelling The mission of our subsidiary is to design S3 expressway from the north along national road No. 92 to enter A1 the demonstration project. (“Miedzyrzeckz North” junction) and south (junction Sulechów, 03 04 “Miedzyrzecz South”).

The whole programme involves the con- struction of a junction at the point of inter- section of Expressway S3 with provincial road No. 137 - junction “Miedzyrzecz West”. In addition to a better flow of traffic, the objective of the project is to improve the transit traffic and the movement of resi- dents in the area covered by the project, both in terms of security and quality. Our assignment includes the coordination and supervision of the construction, planning

| 01 | A1 Motorway: Section Sojki - Kotliska, Poland | 02 | Gdanski Business Center - Warsaw, Poland | 03 | Gdanski Business Center - Warsaw, Poland | 04 | ring road of Miedzyrzecz, Poland u k r a i n e

e u r o p e UKRDESIGNGROUP

Despite the difficult economic and political context in Ukraine and the organisational restructuring of our sub- sidiary, Ukrdesigngroup (udg) remains one of the leaders in office building design in Western Ukraine, and a significant player involved in projects related to 52 housing, health, culture or business.

01 01 TPF Group Activity 2014 Report ground space underwent renovation works, and routine repairs as well as external redevelopment works were carried out. udg was entrusted with the preparation of project documents.

In Lviv, the construction of the Avalon Garden residential complex is expected to be completed for early 2015.

Located close to schools and shops, in a district considered as one of the most sought-after areas for green spaces, the This year saw the opening of the Avalon Garden comes in five 11-storey new Novo medical centre within buildings with shops on the ground floor. the municipal children’s hospital Altogether, they offer 344 modern and of Lviv. comfortable apartments built to interna- tional standards with high-end finishes This new diagnostic centre is equipped and quality materials. The project also with state of the art equipment, and was provides play areas for children and tree created by the centre for medical innova- planting. Our team of experts was asked tion, a non-profit organisation founded to select the field, provide engineering by the Children’s Hospital of the Future. and consultancy services and carry out Patients can now benefit from the latest architectural supervision. technology in imaging (ct, mri, 3 ultra- sound scanners including a portable one,...) and do not have to travel to Kiev or Krakow UDG participated this year in the 53 anymore. Future developments will depend final phase of Victoria Garden, a on fundraising. However, priority will be 102,000 m² shopping and leisure given to the purchase of mammography centre with 59,000 m² of gross and densitometer equipment. leasable area. It will open its doors As for the municipal hospital, the under- during the 3rd quarter of 2015.

Our experts provided engineering and consultancy services as well as architectural

02 supervision. Tasks performed include the 03 study and analysis of the project docu- ments, as well as the compliance audit of the construction works, architectural solutions, electrical systems, hvac, water supply, sanitation, the master plan and road improvement. With its 160 shops, 3,000 parking spaces and cinema, Victoria Garden is the largest shopping and leisure centre of Lviv and western Ukraine. Ideally located at the heart of a residential area inhabited by over 19 % of the population and close to a business district, it distinguishes itself by its modern architecture and European atmosphere.

| 01 | Avalon Garden - Lviv, Ukraine | 02 | new Novo medical centre - Lviv, Ukraine | 03 | victoria Garden shopping and leisure centre - Lviv, Ukraine r o m a n i a

e u r o p e TPF CPROJECT

Known for many years as Cinnamon 01 Project, our Romanian subsidiary recently changed its name. It is now called TPF CProject as a result of the 54 integration process for the activities

of our subsidiary TPF Romania. 02 As a key player in the sector of water, wastewater, port works and consulting engineering, TPF CProject is involved in several pro- jects funded by the eu Sectorial Operational Programme for the Environment and nato.

| 01 | extension of the lighter berth, Port of Constanta, Romania | 02 | Pitesti waste water treatment plant, Romania

TPF Group Activity 2014 Report | 03 | new military building - Midia unit, Romania at the same time, tpf cproject TPF CProject helps improving the buildings. The services to be provided by used it s sk ill s a n d e x per tise sanitation and drinking water net- the end of 2015 consist in supervision of works of the Arges county, where all works, as well as project management. in building construction and it is responsible for the design of This project, funded by nato, is part of transport infrastructure for 200 km of pipes (water ducts and the security investment programme. This s e v e r a l assignments. sewers) and 46 water and waste program encompasses projects to meet the water pumps. Alliance military requirements, in terms of improved infrastructure of military units Our Romanian subsidiary completed and airports and effective surveillance and successfully the first stage of design and intelligence capabilities, flexible command tender evaluation for the project “Extension and control systems. The modernisation and rehabilitation of water and waste water of military installations aims to improve infrastructure in Arges county” in Romania water supply, sewage systems, heating and 03 and moved on to assisting the contractors electricity equipment, communication on site to construct the works according systems and buildings. to specifications. The project was initiated by the Regional Water Operator, Apa Canal 2000 Arges, under the EU-funded Environ- In the port of Constanta, the ex- ment Sectorial Operational Programme tension of the lighter berth was (sop). It targets both urban and rural completed this year. Our mission development, in terms of access to clean was to supervise the work and 55 drinking water and sanitation services. provide technical assistance. The project also sets the basis for future measures under Environment sop 2014- This other project funded by the eu Sectorial 2020 to comply with eu Acquis. The services Operational Program for Transport (pos-t) provided by tpf cproject under the con- aimed to enlarge the berth. The lighter sortium led by Aecom Ingenieria secure berth in Constanta Port was built in 1976 to the financial, technical and functional unload quarry stone used to the extension management of the works contracts and of the Northern breakwater. It accommo- strategizes the sludge and industrial man- dated a concrete plat for precast elements agement of the water operator. required in the construction of the break- water structure and crown. Not used for 20 years, the Port Administration decided In July 2014, our team signed a to give the berth a commercial purpose contract with the Ministry of with a new quaywall, adding 36,000 sqm Defence to improve two military land to be used as cereal terminal, safe to facilities, strategically located in cereal ships up to 65,000 tdw and 240 m the ports of Midia and Mangalia, length. The extension project involves the North and South of Constanta port. addition of a quaywall with a length of 170 m: 85 m quay extension south of the The two military facilities need immediate existing berth and 85 m perpendicular to attention in what services are concerned the quaywall. Works started in April 2013 (water supply, sewage, power, heating), as and were succesfully completed by the well as in communication system and end of 2014. l u x e m b o u r g o f TPF LUXEMBOURG d u c h y g r a n d

e u r o p e This year enabled TPF Luxembourg to strengthen its local presence and the privileged relations it has with the Luxembourg distribution group Cactus and many municipal jurisdictions. At the same time, our Grand-Duchy team continued to accompany several renowned Belgian developers investing in large-scale real estate projects in the Grand Duchy.

56 01 02 TPF Group Activity 2014 Report t h e b r e w e r i e s o f n eu d o r f The end of the year saw the culmi- nation of our assignment of project | 01 | Resuma - Warehouse 2, site of the Windhof, a n d f o r t wa l l i s p r o j ec t s, and construction management, Grand Duchy of Luxembourg respectively c a r r i e d by t h e | 02 | real estate project, rue de Bitbourg in architecture and logistics for the Luxembourg, Grand Duchy of Luxembourg at e n o r g r o u p a n d t h e p y lo s renovation of warehouse No. 2 of g r o u p, a r e a m o n g t h e k e y Resuma on the site of the Windhof. p r o j ec t s f o r 2014. t h e fi r s t This contract was signed with Immo- o n e co n c e r n s t h e r e n ova - Horizon s.a. (on behalf of Resuma s.a. of t i o n o f a g r o u p o f i n d u s - the Cactus group) and follows the success tr ia l buil dings into housing of the first extension of the Resuma cross- u n i t s a n d t h e s eco n d o n e docking logistics platform. The new project aims to renovate the roofs the development of a 4,155 m ² and facades of the No. 2 warehouse in order o ffi c e b u i l d i n g. to improve energy performance. The result is a perfect alliance between the technical and aesthetic aspects, 2,000 m² of offices, 1,500 m² of façades and 12 fully reno- 57 vated quays. A true success story, both from a technical and aesthetic point of view, carried out without disrupting the rotation logistics accommodating 200 trailers per day. This pilot operation is not without signifi- cance since it could lead to the renovation of all facades and roofs of the buildings on the Windhof site, which represents a combined surface area of 4,000 m² of facades and 14,000 m² of roofs.

In 2014, TPF Luxembourg also won a contract for technical building services studies, for a real estate project located rue de Bitbourg in Luxembourg. The objective is to equip a carcass office building whose commissioning is scheduled for 2015. This constitutes a rela- tively important challenge given the limited time available.

The building consists of 3 underground levels with a surface area of 6,500 m² and 4 above-ground levels with a surface area of 5,400 m². This project is funded by a local fair invest- ment fund and will hopefully earn aaa certification in energy performance as well as the breeam Very Good rating. m o r o c c o

a f r i c a PYRAMIDE INGÉNIERIE AND SAVE PROJECT

Despite a difficult economic environment, Pyramide Ingénierie and Save Project managed to confirm their leadership as a consulting firm on the Moroccan market, and continue their momentum in large- scale works.

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©+Silvio+d’Ascia+Architecture TPF Group Activity 2014 Report For example, the ONCF launched an international call for tenders to construct and improve several Moroccan stations to accommodate high-speed trains. It is in this con- text that our subsidiary Pyramide Ingénierie has been asked to par- ticipate, as an all-trades consulting firm, in the project of the future TGV station of Kenitra, 40 km north of Rabat: a total of 10,000 m² of surface area including 2,200 m² of commercial space.

Architects silvio d’ascia and Omar kobitte imagined a volume which is regular in its shape and structure, com- prising a sole structural steelwork grid 59 o u r t w o subsidiaries w e r e reminiscent of the traditional forms of 01 a b l e to m ov e f o r wa r d f o r Moroccan vernacular architecture. The several reasons. firstly, while ground floor is organised around a central it presented many challenges, ticket office and shopping areas used mainly by travellers. Escalators offer direct access s e t t i n g u p a n e w d i r ec t i o n to the large gateway, then to the platforms. d i d n ot a lt e r t h e pac e o f The gateway is a living space with a variety ©+Silvio+d’Ascia+Architecture i t s ac t i v i t i e s. of commodities: waiting areas, kiosks, secondly, 15 years of success- shops, etc. This level includes the railway track in the shape of a ‘U’, delimiting the ful experience helped win and perimeter of the station and creating an r e ta i n c u s to m e r s s u c h a s organic connection to the upper mezza- t h e s o m e d g r o u p, fr m f, t h e nines of the main building. s h e i k h k h a l i fa f o u n dat i o n Delivery is scheduled for 2017. ©+Silvio+d’Ascia+Architecture o r e v e n t h e o ffi c e n at i o n a l d e s c h e m i n s d e fe r (o n c f - In the sector of housing, the year n at i o n a l r a i lway). was marked by the launch of the fi n a l ly, t h e t h i r d e l e m e n t second phase of the Orangeraie de Souissi project, on the Zaer road lie s in the e x tr eme di v er sit y in Rabat. It offers a total of 194 o f o n g o i n g p r o j ec t s. apartments spread out in 18 blocks. ©+Silvio+d’Ascia+Architecture With their contemporary architecture and their very low construction density, those buildings transform the Orangeraie de Souissi in a real garden-residence bringing light in the heart of everyone. Large bay windows offer more brightness, as do through lounges and large terraces. Everything was designed to give future residents a feeling of space and well-being. | 01 | hsT Kenitra Station, Morocco m o r o c c o

The somed Group asked Pyramide Ingé- nierie, as an all-trades consulting firm, to

a f r i c a carry out technical studies. The objective is to highlight high-tech and low-energy solutions: air conditioning, home auto- mation,... The work will begin in 2015 and end in 2017.

Also in Rabat, Pyramide Ingénierie focuses closely on the project for

02 02 the extension, development and upgrading of the national football centre of Maamora carried by the Royal Moroccan football federation.

This comprehensive programme includes the construction of a 5* hotel with 50 rooms, a congress centre with 3 conference and training rooms, a sports medecine centre, 03 a technical area (laundry, shed for vehicles, sports equipment shop), the redevelop- ment of the housing centre as well as the redevelopment of the administrative build- ing and office building. At the end of 2017, local and international professional teams will benefit from these new efficient sports facilities which meet international stand- 60 ards. Pyramide’s mission is to conduct all-trade studies and to supervise the construction works.

The education sector was also given special attention. The Sheikh Khalifa Foundation entrusted us 03 with the project for the annex to the Mohammed VI University of Health Sciences in Rabat, which is scheduled for completion in 2015.

The Sheikh Khalifa Foundation’s projects aim to contribute to the development of higher education and scientific research in the field of health sciences and the ex- pansion of their prerogatives, by creating institutions dedicated to higher education and scientific research in the medical, paramedical and biomedical fields. Pyramide Ingénierie is involved in the project management of the construction works, including the construction of two TPF Group Activity 2014 Report amphitheatres, a conference room, an and coordinating the works since August. indoor sports area and 24 teaching rooms: The awarding authority for this project is | 02 | les Orangeraies de Souissi - Rabat, Morocco a total developed gross floor area of the “Fondation Hassan II pour les Œuvres | 03 | upgrading of the national football centre 12,000 m². Sociales des Agents d’Autorité” and their of Maamora - Rabat, Morocco representative is cgi Management. The | 04 | Mohammed VI University of the Health project extends on a plot of about 9 ha. It Sciences - Rabat, Morocco At the same time, on the outskirts consists in the construction of 108 luxury | 05 | residential project El Menzeh - Rabat, of the capital, Save Project is villas and a social sports complex including Morocco working hard on the residential a club house, tennis courts, a swimming project El Menzeh. pool, sports fields... The work will be initiated at the end of Our Moroccan subsidiary has been pro- June with site-preparation works. Delivery viding services for scheduling, piloting is scheduled for the second half of 2017.

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05 05 a l g e r i a

a f r i c a TPF ALGéRIE

Forward-looking and prepared to meet the challenges of tomorrow’s rail world, TPF Algeria is involved in several notable rail projects. At the same time, the dynamism and expertise of our Algerian subsidiary in the building sector reinforced its notoriety. 2014 was marked by the start of the final design project for the railway line Boughezoui / Djelfa (140 km) initiated by the Cosider Group, and by the completion of the redevelopment project for the Amaroua hotel in Tizi-Ouzou, carried by the

62 Algerian company Entreprise de Gestion Touristique du Centre.

01 02 03 TPF Group Activity 2014 Report t h e s e p r o j e c t s c o m e i n The realisation of the new single a d d i t i o n to ot h e r o n g o i n g track railway line in the Hauts- Plateaux is another priority of the p r o j ec t s l i k e t h e r e d e v e l- ANESRIF, which is committed to o p m e n t o f t h e l i n e a n n a b a , connecting regions in the South. r a m da n e d ja m e l (i n c lu d i n g It fits into the Algerian Railway the construction of tunnels), Development Plan (budget of 936 M€). Designed for trains trav- t h e redevelopment o f t h e elling at 160 km/h, this new line tr ack superstructure for the should connect by 2017 the cities e a s t m i n i n g l i n e s i n t h e of Realizane, Tiaret and Tissemsilt w i l aya s o f a n n a b a , e ta r e f, on a distance of 185 km. g u e l m a , s o u k a h r a s a n d In association with TPF Planege, TPF Algeria tébe ssa (a 30 0 k m line dating provides supervision and support for the from the l a st century which fiscal aspects of the works. | 01 | new double track electrified railway line w i l l b e m a d e co m p l i a n t f o r The project deals with a traditional ballasted Oued Tlelat - Tlemcen, Algeria track using international gauge UIC60 rails, oper ations) or proj ec t s for | 02 | new single track railway line of the Hauts- designed for the transport of passengers and Plateaux Realizane - Tiaret - Tissemsilt, Algeria t h e r a i lway l i n e s r e l iz a n e / goods. The particularly rugged topography 63 | 03 | hotel Amraoua in Tizi-Ouzou, Algeria t i a r e t a n d t i s s e m s i lt/o u e d required many structures to be designed, t l e l at/ t l e m c e n. including 4 tunnels (3.2 km in total), 78 railway bridges, 46 overpasses and several underpasses for pedestrians: altogether 12 km of structures already adapted to the double track. Another major project was initi- This year, works entered a particularly critical ated five years ago. It deals with phase since they are primarily focusing the construction of a new double on the achievement of current structures. track electrified railway line with a length of 130 km linking Oued- Tlelat to Tlemcen. In the building sector, the end of 2014 was marked by the completion This ambitious project was initiated by of the project for the redevelopment the Ministry of Transportation through of the Amraoua hotel in Tizi-Ouzou. the anesrif (Agence Nationale d’Études et de Suivi de la Réalisation d’Investissements This project was launched by the Entre- Ferroviaires) and will allow trains to travel prise de Gestion Touristique du Centre at a speed of 220 km/h. It features 51 viaducts (Central Tourist Management) in the on a total span of 17.5 km, one tunnel as well context of the Plan de Récupération du as 3 stations. The new line will be equipped Réseau National des Hôtels (National with a modern and sophisticated signalling Hotel Network Recovery Plan). and telecommunications system, ensuring Interventions focused on modifying the maximum safety for passengers and goods. architectural appearance of the facades, the Given the importance of the project, the renovation of 150 rooms, 4 suites and other work will be supervised by a team of sixty spaces in order to improve the comfort and technicians specialised in topography, well-being of the occupants, the renewal earthworks, structures, tunnels, railways, of all technical infrastructures as well as electrification, signalling and telecom- the rehabilitation of the structure of the munications. . building. Our teams have been entrusted with an engineering assignment in collaboration with the architectural firm Promontorio. s e n e g a l

a f r i c a SETICO INGéNIEURS CONSEILS

Despite fierce competition, Setico 01 Ingénieurs Conseils managed to maintain its market shares in all of its hydraulic activities.

In Senegal, our subsidiary is working closely on 64 the development of several large scale projects. In addition to the projects mentioned below, it is worth mentioning its participation in the Projet d’Amélioration de la Sécurité Alimentaire et d’Appui à la Mise en Marché dans la Région de Matam (asamm) (Project for the improvement of food safety and market assistance in the Matam region). This project is funded by the French Development Agency (afd) and is designed to increase hydro-agricultural development. In addition, our Senegalese subsidiary managed to increase its international turnover. In Mau- ritania, it follows a project to supply drinking water to cities and villages East of the basin of the Dhar, and in Ivory Coast, a project to supply drinking water in Abobo Anyama. TPF Group Activity 2014 Report Services cover several project phases: 02 preliminary studies (aps), final draft studies (apd) and the tender documents (dce). The programme deals with the develop- ment of 1,500 ha of irrigated areas (creation, rehabilitation or extension) spread as follows: Poste Baladji (50 ha), Diolol Diawbé (400 ha), Oréfondé (130 ha), Nabadji civol (520 ha) and Ourossogui (400 ha). Other operations include the development of 89 km of tracks (Lombal Baladji-Oré- fondé - 20 km, Diorbivol-Poste Baladji - 8 km, Lombal Baladji-Ngouloum – 15 km, Nabadji Civol-Koundel - 15 km, Bokissa- boudou-Site - 8 km, Bow-Soringo-Kanel - 15 km and Boynadji-casier Ourossogui - 8 km) and the realisation of a series of

In Senegal, the SGI/Setico group civil engineering works (crossing bridge, 03 successfully deployed efforts to flood basin and storm water retention supervise and control the works works (flood control reservoirs in Dieri). for reinforcing drinking water The duration of the mission is 7 months. supply in the towns of Fatick, Kaolack, Koungheul and Ziguinchor. The assignment was completed in As for another sector, our Senega- November 2014 after 18 months lese subsidiary also participates of work. actively in the project for the restructuring of the districts of 03 This project is part of the implementa- Pikine Irrégulier Sud (PIS) crossed tion of the Programme d’eau potable et by the new toll motorway of 65 d’assainissement du millénaire (pepam 2015) Dakar - Diamniadio. (Millennium Programme for drinking water and sanitation). The work has been The Senegal government has mobilized divided into 13 lots comprising 8 drillings, funds from its own internal resources and several water towers (1 x 400 m³, 1 x 500 m³, sought additional funds from the Interna- 2 x 2,200 m³ and 1 x 3,200 m³), the laying of tional Development Association, the French cast iron and pvc pipe-lines with diameters Development Agency (afd) to finance the 04 of dn 63 mm to dn 500 mm over 75 km, cost of restructuring Pikine Irrégulier Sud. as well as the construction and electrome- Thepis zone covers a surface area of 700 ha chanical equipment of drilling booths. for a population estimated to 220,000 in- habitants. It is limited by the railway to the north, by the national road (rn 1) to During the year, Setico Ingénieurs the south, by the Fass Mbao ramp to the Conseils was also contacted in the east, and by the neighbourhoods of Ginaw

context of the Projet d’Appui à Rails to the west. 04 la Promotion des Exploitations In addition to the development of basic Familiales dans la région de Matam social infrastructure (schools, shops, sports (APEFAM) (Project to support the and leisure) and the development of the promotion of family farms in the street network (upgrade of primary roads region of Matam). The goal is to and secondary roads network serving the improve food security and eco- neighbourhoods), this ambitious project nomic development of the rural also deals with a flood control structure territories in the region. for the project area. That zone is particu- larly prone to recurrent floods, causing

significant damage to populations. | 01 | Ziguinchor water tower - 3,200 m³, Senegal In December 2014, Setico Ingénieurs | 02 | urban redevelopment works in Darou, Conseils took charge of the supervision Saint-Louis, Senegal and follow-up of the flood control works, | 03 | disconnection of Thiaroye drillings, Senegal: as well as the road network within the (1) Pumping cabin, (2) 3,200 m³ surface reservoir framework of the restructuring works in | 04 | waste water treatment works in Diourbel, Pikine Irrégulier Sud. This task should be Senegal: (1) Sludge drying beds, completed by the end of 2017. (2) Separation wall in maturation basin c o a s t i v o r y SETICO INTERNATIONAL a f r i c a

Access to drinking water and the development of road infrastructure are at the heart of the concerns of Setico International. Our Ivorian subsidiary successfully closed its first year of activity in the group. Their multidisciplinary know-how, their expertise in studies, control and supervision of the works allowed them to work on several projects.

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| 01 | Project for drinking water supply in the municipality of Yopougon, 10,000 m³ surface reservoir, Ivory Coast | 02 | drinking water supply project in Anyama, 500 m³ Water Tower with a height of 15 m, Ivory Coast | 03 | heavy grading works and treatment of critical points on the dirt roads of the national road

TPF Group Activity 2014 Report network in Ivory Coast In Ivory Coast, the group Setico 130 billion francs cfa, part of which will International - Setico Ingénieurs be dedicated to the execution and control Conseils participates in the pro- of the heavy grading works and treatment gramme for improving the drinking of critical points on the dirt road network water supply (AEP) in the city of in Ivory Coast. Abidjan, whose objective is to The assignment entrusted to our team is provide access to drinking water twofold: ensuring the project manage- in order to reduce health problems. ment of heavy grading works on a total of This year, the drinking water supply 232,90 km and the treatment of critical project of the commune of Yopougon points on the dirt roads, and conducting was completed successfully. surveys of routes diagrams on 1,000 km of dirt roads in the departments of This major project required 12 large- Abengourou, Agnibilékrou and Bettie. diameter drillings, the construction of a The work will consist in performing heavy 10,000 m³ surface reservoir and a treatment grading works and treatment of critical plant with a capacity of 2,000 m³/h, 21 km points by constructing all of the discharge of discharge and distribution pipe-lines, passages and culverts, reconstructing the the construction of 7 km of tracks to access upper layer and cleaning up the causeway. the drillings and water catchment area, as The works will be carried out by a private well as an mt power line of 7 km and the company specialising in public works. electrical and hydraulic equipment for the 12 drillings and their connection to the network. The group Setico International / Setico

Ingénieurs Conseils acted as a project 02 supervisor delegate for this project co- financed by the Islamic Development Bank (idb), the opec Fund for International Development (ofid), France through the c2d and the Ivorian Government. 67 t h e m o s t n ota b l e w o r k s i n - clude: improving the drinking water supply (aep) in the cit y The drinking water supply project of o f a b i d ja n fr o m t h e co m - Anyama is another project aiming to improve drinking water supply m u n e s o f y o p o u g o n a n d to the population of the District a n ya m a , the development of of Abidjan. Its construction is t h e 2 x 2 l a n e s r oa d a b o b o - still ongoing. anyama and the construction Our Ivorian subsidiary is in charge of o f t h e acc e s s r oa d to t h e project management for the works, which gener al hospital of anyama, include: the construction of a 15 m high, improving the drinking water 500 m³ water tower and two compact treat- 03 distribution and produc tion ment plants, and the installation of 55 km of discharge and distribution pipe-lines fac i l i t i e s f o r t h e to w n s o f as well as equipment for 4 drillings. k atiol a, minignan and touba, o r t h e construction o f t h e c e n t r e d ’a n i m at i o n e t In 2014, the group Setico Interna- tional-Setico Ingénieurs Conseils d e f o r m at i o n pédagogique signed a new contract with the (c a f o p ) ( t e ac h i n g t r a i n i n g Agence de Gestion des Routes a n d a n i m at i o n c e n t r e ). (AGEROUTE) (Road Management Agency) concerning heavy grading works and the treatment of critical points on the dirt roads of the na- tional road network in Ivory Coast.

In the context of implementing the road maintenance programme for 2014-2015, the Fonds d’Entretien Routier (fer) (Road Maintenance Fund) has mobilised around a n g o l a

a f r i c a TPF angola

This year, the real estate and road 01 activity was particularly intense for TPF Angola, which is involved in the construction of 3504 housing units in Capari in the province 68 of Bengo, and in the rehabilitation of the national road Xaua-Catata in the Lunda Norte province. During the various missions carried out in synergy with its main shareholder TPF Planege, TPF Angola was able to demon- strate expertise in coordination and supervision of the work, in studies and projects of architec- ture and engineering.

| 01 | headquarters of the bank Banco de Poupança e Crédito (BPC) - Luanda, Angola | 02 | national Road 225 Xaua - Catata, Angola

TPF Group Activity 2014 Report | 03 | lucala Industrial Pole, Angola 02 03

t h e d ec l i n e i n t h e p r i c e o f TPF Angola participates in the re- stretch of road features several processes: oil ha s led to a fall of state habilitation of the headquarters embankments, cuttings, excavations, con- of the bank Banco de Poupança e struction and rehabilitation of 5 concrete investments i n i n fr a s t r u c- Crédito (BPC) located on the Mar- bridges, one-off corrections of the route, t u r e , a n d a n g o l a f e lt t h e ginal in Luanda. drainage, vertical and horizontal signal- need to diversify its economy ling,... The project was carried out under w h i c h i s t o o f o c u s e d o n Built in the 1960s, this 21-storey above- the responsibility of Angola’s National ground tower is an icon of modern archi- Institute of Roads (inea), and aims to o i l . t h i s diversification wa s tecture in Luanda. The degradation of its improve trade between the provinces of awa i t e d i n t h e s ec to r s o f structure requires rehabilitation work eastern Angola and to promote socio- agriculture a n d i n d u s t r y, that will enable the building to comply economic development of the region. 69 and will open up interesting with safety standards. This project will run for two years and relates to the mod- opportunities f o r o u r t w o ernisation of the building (new coating Our Angolan and Portuguese teams subsidiaries. and high-end finishes), the redefinition are also working in the Kwanza Norte of the architectural distribution of spaces province, where they participate in adapted to the new programme needs, the construction project for the modernisation of the signage of the build- Industrial Pole of Lucala. Its establish- ing, structural reinforcement and the ment will contribute to the process replacement of all networks and technical of industrialisation in the region. equipment. The tasks assigned to TPF Angola and TPF Planege include the development Ideally located near the main road and of the new final design documents and rail infrastructures, about 200 km from supervision of the work. Luanda, the new Pole will extend over 250 hectares in total and will host 210 industrial units. The Ministry of Industry In the sector of transport infra- entrusted us with the studies, including the structure, the rehabilitation of development of the master plan and final national road 225 was completed design projects for road infrastructure, at the end of the year. The segment drinking water supply and sanitation net- in question connects the towns of works, distribution of electricity and Xaua and Catata over a distance telecommunications networks, as well as of about 100 km. It is part of the infrastructure and buildings related to strategic road between Dundo, the operation of the Pole. These include the capital of the Lunda Norte province reception infrastructure, administrative and the municipalities of Cuilo, building, treatment plants for water and Caungula, Cuango and Xa-Muteba. wastewater, maintenance services, a stadium and a multi-sports complex, a fire station Our subsidiary successfully accomplished and security posts. The territory in question its mission relating to the supervision of is structured in a reticulate manner and the the works. flexible lot size allows for surface adapt- In addition to the expansion of the plat- ability depending on the type of activity form to 11 m, the rehabilitation of this to implement. m o z a m b i q u e TPF MOÇAMBIQUE a f r i c a

In Mozambique, 2014 was a year of consolidation, marked by the im- plementation of the first phase of the rehabilitation project for the drainage system of the city of Beira, the start of the implementation of the Sectorial and Development Plans for the Tete Province and part of the Valley of the Zambezi, as well as by the continuation of ongoing projects or the launch of recently 70 awarded contracts.

01 01 TPF Group Activity 2014 Report 02 and secondly the fiscal aspects and work supervision. The objective is also to evaluate the environmental impacts and to develop mitigation measures in accordance with the guidelines of the World Bank in terms of environmental and social management.

For the second consecutive year, TPF Moçambique has focused on the rehabilitation of the drainage system of the city of Beira, covering an area of 70 km². This ambitious project aims to integrate dimen- sions of sustainable development from the technical, environmental and social point of view.

The contract is part of a programme funded by the World Bank on cities and climate change. It includes engineering studies, environmental impact analysis 71 and the resettlement action plan. In addition to the technical assistance provided to the aias, our experts finalized the feasibility study and the final design project this year, and followed the tender procedure for the selection of the con- struction company. In 2015, our actions t p f m o ç a m b i q u e co n t i n u e d Our Mozambican subsidiary has will focus on fiscal aspects and supervision t h e supervision o f t h e w o r k signed a new 30-month contract of construction work. on the rehabilitation of the drain- for the rehabilitation of the age system in the city of Maputo. roa d chimoio - espungabera , Being awarded such a large-scale In the building sector, it is worth w h i l e i n i t i at i n g t h e s t u dy project is a sign of confidence in mentioning the Integrated Pro- f o r t h e p r o j ec t o f r e h a - our subsidiary on behalf of the gramme for the Reform of Profes- Administration of Water Supply and sional Education (PIREP) launched b i l i tat i o n o f t h e d r a i n ag e Sanitation Infrastructure (AIAS). by the Government of Mozambique, system in the cit y of maputo, and in particular the construction a n d t h e supervision o f t h e Funded by the World Bank, it is part of projects for the new building of construction site of the new a broader national programme for the re- the ANEP and the hotel school of habilitation and extension of coastal and the Maputo Commercial Institute. building of the national ad - port cities stormwater drainage systems. ministration for professional The tasks of our team include firstly the Through the Executive Committee for the t r a i n i n g (a n e p ) i n m a p u to. feasibility study and final design project Reform of Professional Education (corep), the Government of Mozambique has ap- pointed TPF Moçambique, in association with TPF Planege, for the coordination and supervision of the work. These contracts have a respective duration of 29 and 24 months, and concern the revision of the | 01 | rehabilitation of the drainage system of the city of Beira, Mozambique final design project and assistance to the | 02 | rehabilitation of the drainage system of awarding authority during provisional the city of Maputo, Mozambique acceptance. i n d i a a s i a S.N. BHOBE & Associates Pvt. Ltd.

For several years, S.N. Bhobe has taken an active part in development projects in the country, particularly those concerning transport networks.

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| 01 | Gaundalim bridge, Goa, India | 02 | Mahape flyover, Navi Mumbai, India

TPF Group Activity 2014 Report | 03 | sion - Panvel Expressway, India t h e ac t i o n s t h at w e r e o r toward North India. The flyover is 800 m w i l l b e u n d e r ta k e n by o u r long and will cross over four junctions. S.N. Bhobe has been appointed by the i n d i a n s u b s i d i a r y co n fi r m e d Mumbai Metropolitan Region Develop- its e xperience and its abilit y ment Authority (nmrda) to carry out the to c a r r y o u t m a j o r p r o - feasibility study (including projections of j ec t s i n t h e s ec to r o f r oa d traffic), and to conduct the design review and project management. From a technical infrastructure . i n a d d i t i o n point of view, we can mention that the sub- to b e t t e r acc e s s to u n d e r - structure is constructed with reinforced ser v ed a r e a s, the ch a llenge concrete piers with psc caps. Precast pre- is also to reduce transit times tensioned girders were used for construction of the superstructure. a n d i m p r ov e t h e l i v i n g co n - d i t i o n s o f t h e inhabitants. During this year, S.N. Bhobe won an engineering contract with the company Sion-Panvel Tollways Pvt. S.N. Bhobe contributed to the re- Ltd. for the development of the alisation of the Gaundalim bridge. expressway from Sion to Panvel, The work is all the more remarkable two towns separated by 23 km. in that it was built according to one of the rarest bridge building This new section is part of the Mumbai- procedures in the world. It now Pune Expressway where traffic is extremely connects Goa, on the side of the dense (the equivalent of 120,000 private old town, and the island of Cum- vehicles). This project aims to improve the barujua on a distance of 400 m. connectivity of the cities. It is as consultants that our engineers have taken full charge It is a 90 m span steel arch bridge. It took of engineering services, from surveying 73 about 20 days to lift the 250 tons of pre- to designs and drawings to o&m manuals. fabricated arch, which was transported on a barge and placed it on the piers of the 02 bridge. It is the first time that such an accomplishment was achieved in India. The bridge has two lanes, with a 7.5 m carriageway and there are footpaths of 1.5 m on either side. The Goa State In- frastructure Development Corporation Limited (gsidcl) chose s.n. Bhobe for the revision of the project and the supervision of the construction.

03 In Navi Mumbai, the Mahape flyover has become an inevitable part of the landscape.

The road connecting Shilphata to Mahape (SH40) is a priority for the city of Thane. Its objective is to act as a bypass to Thane city for all traffic generated in Navi Mumbai industrial area which will be travelling i n d i a a s i a CETEST Pvt. Ltd.

For Cetest, our Indian subsidiary expert in project management and engineering studies, 2014 proved to be an amazing year. This year again, it will be important to focus on its performance in the areas of topography and transport infrastructure.

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| 01 | diversification of the railway lines, Dhandad, India | 02 | construction of the coal thermal power plant 3 x 660 MW in North Karanpura, India | 03 | widening of eight departmental roads -

TPF Group Activity 2014 Report State of Rajasthan, India 03 03

The safety of the road network in prestigious project under bhel. The total Rajasthan is part of the priorities scope includes boring / drilling more than of the Public Works Department. 170 boreholes having total length of 5000 The rehabilitation and widening meters. The project required specialized of the departmental road network tests like Electrical Resistivity, Cyclic Plate is considered an absolute necessity. Load Test, Cross Hole, Dipole-Dipole Sounding with Resistivity Imaging, Multi- i n t h e pa s t f e w m o n t h s , Cetest was appointed as a Consultant Channel Analysis of Surface Waves (masw), 75 c e t e s t m a n ag e d to at t r ac t to do the study for roads covering 400 Pressure Meter Tests of 25 N/sqmm which kilometres. Once the work is completed, demands specialized instruments and n e w c l i e n t s s u c h a s t h e the eight roads in question will have the skilled experts. The work is expected to be p u b l i c w o r k s d e pa r t m e n t i n gauge of a 2-lane national road. The main completed in 2017. r a ja s t h a n, a n d a d d e d m a n y objective was to carry out the feasibility i co n i c p r o j ec t s to t h e l i s t study for implementation through ppp on dbfot (Design, Build, Finance, Operate In Dhanbad in the State of Jharkhand, o f accomplishments o f o u r and Transfer) basis. Our team has prepared our subsidiary was involved in a subsidiaries i n i n d i a . the feasibility study report covering data rail project. collection and design. Major emphasis was given on assessment of financial viability The Preliminary Engineering survey work with traffic demand, estimation and doing was for the diversification of the railway a sensitivity analysis of RoI (Return on lines and a Detailed Project Report was Investment) to determine suitable concession prepared on that. This Survey Engineering period & scheme to attract private investment. work had been awarded by rites Ltd. The major survey work aimed at diversification of railway lines, Transmission lines, water National Thermal Power Corpo- pipelines from fire and subsidence affected ration Limited has relied on our coal field areas and to develop transport technical expertise by entrusting network to facilitate the rehabilitation of us with the geotechnical studies the satellite township of Dhanbad. Recon- for the construction of the coal naissance Survey was carried out to propose thermal power plant 3 x 660 MW a preliminary alignment. Control points in North Karanpura. were established to create a network for the proposed alignment through accurate It is located in Tandwa, in the Chatra district, dgps observations. Detailed topographical in the State of Jharkhand in central India. survey was carried out for both natural and Thisepc contract is being executed by state- manmade features along the corridor and owned power equipment maker Bharat on either side of the proposed alignment. Heavy Electricals Limited (bhel). cetest Finally a 3D AutoCAD drawing was as a Geotechnical Consultant has done prepared and submitted to rites Ltd for major field & laboratory tests for this checking and Finalization. a c t i v i t i e s R E A L E STAT E

a n c i l l a r y ACT I V I T Y

Our real estate activity Both a place to live and a lively 1,200 m from the Opera Theatre and in neighbourhood, Docks Bruxsel the immediate vicinity of public transport increased both in Belgium should be completed in 2016. and several schools. Located in beautiful green surroundings and abroad. As mentioned in the section dedicated to on 2.9 hectares, the project comprises the TPF Engineering, this new commercial pole construction of nine buildings including Three ambitious projects are will occupy a total surface area of 56,000 m². five compounds of 40 apartments each and It will feature shops and restaurant/bar four of 32 apartments each (apartments and currently underway: in Belgium, spaces (41,000 m²) as well as recreation, duplexes of modern design at an affordable Docks Bruxsel, in Ukraine, the culture, animations and productive activi- price, with high-end finishes, from 45 to ties (15,000 m²). The recreation pole will 80 m² and ranging from 1 to 3 bedrooms). Belgian Village and in Brazil, feature an indoor leisure park, a new event In early 2015, over 185 apartments were the Bruxelas Residential project. pole of 2,800 m² with a capacity of 1,500 already sold. people and a vip cinema (7 rooms) with The first two are funded in 1,000 seats which will be installed by capital by shareholders Equilis Belga Films. The Bruxelas Residential project At the end of 2014, 46 leases were signed, is taking shape in Petrolina City, and TPF and the third one by notably with Media Markt, h&m, Mango, located in the margins of San 76 Rio Forte and Matriz, a sub- Superdry and Match. Francisco River, important agri- business development centre in sidiary of our Brazilian sub- the Northeast Brazil. sidiary Projetec. In total, 328 housing units will be completed in Lviv by 2017. It concerns a condominium complex which consists of a total of 43 houses, The Belgian Village is entirely designed each of 67 m². Each house features a living by our subsidiary TPF Ukraine and ben- room, two bedrooms, a kitchen, a bath- efits from an exceptional location. It is room and a garage. The culmination of located in the centre of Lviv, 300 m from this vast project is planned for the month the new shopping centre Forum Lviv, of July 2015.

01 02 03

| 01 | docks Bruxsel Project, Belgium | 02 | Belgian Village Project, Ukraine

TPF Group Activity 2014 Report | 03 | Bruxelas Residential Project, Brazil RENEWABLE ENERGIES ACTIVITY

TTR energy is the Portfolio Manager of two funds raised in partnership with banque degroof dedicated to renewable energy. The first of these funds, raised in 2008 and fully invested, amounted to € 46 million; the second, rising also to € 46 million and raised in 2011, was invested in late 2014 for € 19.5 million, with commitments in acquisitions and investments of € 20.7 million. This fund therefore has more restricted opportunities for investment.

In 2014, the first fund has continued its rights to the latter project also owns drafts acquired four new project companies. 77 policy of disinvestment and completed the of wind power projects in development The second fund currently holds five wind sale of all operational parks of the company that will be pursued further. projects within the framework of this eiden (altogether 36 mw) during the month partnership. of January. It has however retained the The suspensive conditions precedent to the In addition, ttr energy pursues its own development pipeline of the company eiden, transfer of shares for two of these projects developments, mainly in Belgian offshore after having transferred it to a dedicated were lifted in early 2015. The suspensive wind power. company eiden wind. Thus, a new con- conditions precedent to the last two projects struction permit for six machines was should be lifted by May 2015. Finally, since the end of 2014, ttr is pre- obtained on the Lidrezing site in May 2014. As part of its partnership with a turbine paring to raise a third investment fund in An amended building permit should be manufacturer, the second fund, in 2014, partnership with Banque Degroof. introduced shortly to allow for the instal- lation of more powerful machines.

In 2014, the first fund also initiated the 01 sales process for the company Bioenergética, active in the biomass sector in Spain. ttr expects an early conclusion of the sale of its 45 %. After long negotiations and a very thorough due diligence, the second fund concluded three agreements to purchase shares for three wind projects to be built with a French developer owned by a Japanese investment fund. All three of these projects are in Picardy.

Concurrently, the second fund has nego- tiated with a large Spanish utilities firm the acquisition of a wind power construction project which is adjacent to one of the first three projects purchased and which will be consolidated with it for its construction and operation. The company holding the | 01 | wind farm of Mont de Saint Loup, France a c t i v i t i e s concessions

a n c i l l a r y ACTIVITY

The activity of the PPP - Concessions division was sustained in 2014. The TPF Group continued its development in the Philippines and Spain via its subsidiary GETINSA-PAYMA. In Costa Rica, the latter has embarked on a new road concession project.

01 In the Philippines, Getinsa-Payma Our assignment focuses on the San has continued supervision of high- José-Caldera road operated by way construction that connects the concessionary company Auto- Daang Hari to the South Luzon pista del Sur: in total 76.7 km. Expressway (SLEX) for its entry into service. A study of financial and economic condi- 78 tions, legal monitoring and analysis and It holds a 20 % stake in the company respon- further land management are among the sible for the operation and maintenance. tasks to complete.

02 Still in the Philippines, our team also In Spain, Getinsa-Payma is still provided expertise and technical active in the concession of the assistance to the concessionary highway A31 (Roda-Bonete). The company Team Orion (a joint venture 19-year contract covers 94.2 km of with the Ayala Group) during the shadow toll road with work amount- tendering stage of the 47 km-Cavite- ing to €320.18M. Lugana Expressway. The vehicle-km/year ratio exceeds 690 This road will connect the Cavite Ex- million. Our Spanish subsidiary is in- 03 pressway (cavitex) and South Luzon volved in the detailed design of the up- Expressway (slex). grading works and in the supervision of the construction. Today, it is in charge of the operation and maintenance through This year, a new opportunity pre- a company in which it holds a 13 % stake. sented itself within the Costa Rica This agreement, signed in December 2007, concessions market and we seized it. will expire in December 2026.

| 01 | highway A31 (Roda-Bonete), Spain | 02 | Motorway Daang Hari - South Luzon Expressway (SLEX), Philippines

TPF Group Activity 2014 Report | 03 | san José-Caldera road, Costa Rica TURNKEY ACTIVITY

For over 50 years, TPF-BASSE SAMBRE has been implementing projects worldwide as a turnkey contractor, through studies, management, training, technical assistance, supply, construction, assembly and installation on site.

over 90% of tpf-basse sambre’s above mentioned equipment, TPF-Basse This project will enable South Africa to ac t i v i t y ta k e s p l ac e o n t h e Sambre will supply all equipment on a respond to the deficiencies observed in cfr basis and will be responsible for the the lpg supply chain. international s tag e , i n a b u disassembly of existing pieces, erection of The aim of the joint venture is to develop dhabi, algeria, angol a, bang- new ones and supervision of the start-up. an lpg terminal for member countries l a d e s h , b e n i n , b u l g a r i a , of the Southern African Development c e n t r a l a f r i c a n r e p u b l i c , Community (sadc), including Botswana, 79 In the port of Luderitz, Namibia, Namibia, Zimbabwe and South Africa i n f r a n c e , g h a n a , g u i n e a , a joint venture bringing together and to reduce gas shortages plaguing the i n d i a , j o r da n, m au r i ta n i a , the Emirates National Oil Company region during seasonal peaks. nigeria, oman, q atar, rwanda, companies (ENOC), Namibian With this in mind, enoc called interna- s a u d i a r a b i a , t u n i s i a , t h e Corridor Gas and Oil Terminal tional bidders for prequalification process. Company plans to build a new In all, there are no less than 30 companies united arab emirates, vietnam Mounded Liquefied Petroleum who have expressed their interest in partici- a n d y e m e n. Gas bulk storage terminal with a pating in this project. Only 6 of them were capacity of 3,000 mt and with pre-qualified to submit a quotation, in- i n a d d i t i o n to t h e p r o j ec t s LPG handling facilities. cluding TPF-Basse Sambre. m e n t i o n e d a b ov e , t p f - b a s s e s a m b r e wa s a s k e d to ta k e part in sever al international 01 02 competitions, a n d n ot t h e l e a s t, a s yo u w i l l s e e b e lo w.

In Algeria, our team has a keen interest in the revamping of the sinter plant no.2 of the El Hajdar Arcelor Mittal steel plant in Annaba.

It was selected among three companies to submit a full offer for the replacement of the depressurization network (gas main holder, fine feeder hoppers, airlock), refur- | 01 | revamping of the sinter plant no.2 of bishing of the sinter line, supply and erection the El Hajdar ArcelorMittal steel plant in Annaba, Algeria of a new hood. | 02 | construction of a new Mounded Liquefied In charge of the full engineering package Petroleum Gas bulk storage terminal in related to the modifications of the here the port of Luderitz, Namibia a c t i v i t i e s MAINTENANCE, OPERATION AND DELEGATED MANAGEMENT OF TECHNICAL INSTALLATIONS a n c i l l a r y ACTIVITY

Maintenance, operating and delegated management activities are carried out by the Belgian and French entities of TPF-Utilities. Our technicians, available 24 hours a day, 365 days a year, currently manage various technical facilities ranging from water treatment plants, drinking water production equipment, circuits and cooling towers, heat production equipment, cooling units, co-generation units, solar panels, large-capacity boilers which will be emptied through the steel production process into high quality water preparation equipment or swimming pools destined for the general public. Clients are both industrial and public bodies.

i n 2014, t h e d e l eg at e d m a n - Specifically in Bruges, TPF-Utilities 01 ag e m e n t ac t i v i t y wa s pa r - has been in charge of full guar- 80 antee maintenance of water treat- t i c u l a r ly s t r o n g i n fr a n c e . ment, HVAC installations and the m a n y c i t i e s h av e t u r n e d to Interbad and Jan Guilini swimming tpf-utilities to monitor their pool circuits. b u i l d i n g s to c k a n d f o r t h e These two pools welcome 220,000 and p u r c h a s e o f g a s a n d e l ec- 89,000 visitors respectively per year. The t r i c i t y s u c h h a s b e e n t h e . duration of the contract is 5 years. 02 c a s e w i t h t h e t o w n s o f p o n t-à -v e n d i n, p e t i t e f o r ê t, It is also our team that the brewery d u n k i r k , b i l l y b e r c l a u , group Heineken chose to ensure linselle s or roos t wa r en din. firstly, the operation and monitoring of the anaerobic water treatment In Belgium, the number of swimming pools plant and secondly, full guarantee maintenance and monitoring of the that we manage rose sharply. Several 03 production of biogas. new mandates entrusted to us, while others were renewed, a sign of confidence It is the Heineken group’s largest brewery in us by our clients who include the mu- in France with an annual production of 300,000 hl of beer. The contract which has nicipalities of Ans, Lebbeke, Moortsel been entrusted to us is for a duration of 5 and Huizingen (outdoor swimming pool) years, renewable for 5 years. and the cities of Bruges (2 pools), Binche, Ghent and Namur (3 pools).

| 01 | site of the Heineken Brewery Group, Mons-en-Baroeul, France | 02 | Jan Guilini Pool, Bruges, Belgium

TPF Group Activity 2014 Report | 03 | interbad Pool, Bruges, Belgium CONSTRUCTION AND MATERIAL QUALITY CONTROL ACTIVITY

In addition to its expertise in quality control of materials and architectural and civil engineering works, our Spanish subsidiary Getinsa-Payma also specialises in monitoring of existing infrastructure and facilities throughout their life cycle.

to ac h i e v e t h e s e b e n e fi t s, This year in Spain and Portugal 01 t h e co m pa n y o w n s t h e m o s t more than 2,500 km of highways and motorways were inspected. 81 modern equipment and l abo - For major work, our subsidiary r atories for s truc tur al and TPF Planege brought us its valu- pavement disease analysis and able collaboration. monitoring, material qualit y The contracts included pavement struc- control, geotechnical test- ture testing, longitudinal and transversal ing a n d instrumentation . profile, skid resistance and signaling retro 02 i n r ec e n t m o n t h s, m u c h o f reflection status. the di v ision h a s focused on r oa d s a n d h i g h way s m o n i - In Catalonia Getinsa-Payma as- to r i n g, m at e r i a l s t e s t i n g i n sured the quality control of the laboratories a n d d u r i n g construction of more than 100 construction a n d g eot ec h - buildings of astonishing diversity, 03 including schools, health centres, n i c a l m o n i to r i n g. police stations and hospitals. Evidence if it was ever needed of the excellence of our subsidiary.

The mission of our research department is twofold. It is both to conduct building inspections, and particularly ceilings, subjecting them to traction tests to detect any anomalies or defects likely to impair safety, and to present a report with recom- mendations for repair and maintenance.

| 01 | volvo Truck SCRIM | 02 | Falling weight deflectometer | 03 | ceilings subjected to traction tests 2 0 1 4

a c c o u n t s

consolidated

82 TPF Group Activity 2014 Report 83 ASSETS 2014 2013

2 0 1 4 € €

TOTAL FIXED ASSETS 38,981,968.44 16,477,204.30 a c c o u n t s

i . f o r m at i o n e x p e n s e s 49,709.48 9,779.45 i i . i n ta n g i b l e a s s e t s 833,840.07 684,586.62 i i i . g o o d w i l l 8,375,664.55 6,336,261.63 i v. ta n g i b l e a s s e t s 8,743,687.27 4,501,233.36 A. land and buildings 1,597,067.73 1,771,370.01 B. Plant, machinery and equipment 2,824,851.62 461,171.41 consolidated C. Furniture and vehicles 3,561,303.91 1,933,399.10 D. leasing and other similar rights 4,606.59 11,195.43 E. other tangible assets 755,857.42 315,837.63 F. Fixed assets in progress 8,259.78 v. f i n a n c i a l a s s e t s 20,979,067.07 4,945,343.24 A. companies consolidated by the equity method 1. Participating interests 2. Amounts receivable B. othe companies 1. Shares 17,082,271.82 2,887,140.90 Amounts receivable 3,896,795.25 2,058,202.34

TOTAL CURRENT ASSETS 212,588,144.96 130,801,275.97

v i . a m o u n t s r e c e i va b l e a f t e r o n e y e a r 4,182,084.48 3,777,375.53 A. Trade debtors 759,026.25 2,509,605.49 B. other amounts receivable 3,423,058.23 1,267,770.04 C. deferred taxes v i i . s t o c k s a n d c o n t r a c t s i n p r o g r e s s 26,116,620.82 20,201,466.53 84 A. Stocks 1,570,349.19 1,468,198.28 1. Raw materials and consumables 510,882.50 517,330.95 2 Goods in process 3. Finished goods 751,314.39 860,357.70 4. Goods purchased for resale 3,159.06 5. Real property acquired or constructed for resale 6. Advance payments 304,993.24 90,509.63 B. Contracts in progress 24,546,271.63 18,733,268.25 v i i i . a m o u n t s r e c e i va b l e w i t h i n o n e y e a r 142,347,794.04 80,684,537.99 A. Trade debtors 119,430,217.45 68,813,944.49 B. other amounts receivable 22,917,576.60 11,870,593.50 i x . investments 7,615,640.72 5,668,658.98 A. owned shares B. other investments 7,615,640.72 5,668,658.98 x . c a s h at b a n k a n d i n h a n d 27,757,195.05 17,065,483.39 x i . d e f e r r e d c h a r g e s a n d a c c r u e d i n c o m e 4,568,809.85 3,403,753.56

TOTAL ASSETS 251,570,113.40 147,278,480.27 TPF Group Activity 2014 Report LIABILITIES 2014 2013 € €

EQUITIES i . c a p i ta l 18,327,188.00 13,299,386.00 i i . s h a r e p r e m i u m a c c o u n t i i i . revaluation r e s e r v e s 4,461.76 3,953.46 i v. r e s e r v e s 22,316,243.22 16,746,049.68 v. b a d w i l l 2,143,594.30 2,006,372.92 v i . c u m u l at i v e translation adjustments -991,004.42 -1,524,147.13 v i i . g r a n t s 27,813.33

EQUITIES 41,828,296.19 30,531,614.92 v i i i . t h i r d pa r t i e s i n t e r e s t s 13,816,728.69 5,364,293.47

TOTAL GROUP AND THIRD PARTIES EQUITIES 55,645,024.89 35,895,908.39 i x . p r o v i s i o n s a n d d e f e r r e d ta x e s 5,488,719.70 4,857,554.65 A. Provisions for liabilities and charges 631,977.42 203,527.06 B. Tax provision 99,030.38 C. important repairs and important maintenance 2,697,026.04 2,282,091.01 D. other risks and charges 1,979,564.97 2,371,936.58 E. deferred taxes 81,120.89

TOTAL DEBTS 190,436,368.78 106,525,017.20 x . a m o u n t s paya b l e a f t e r o n e y e a r 49,055,195.77 16,425,458.76 85 A. Financial debts 44,636,429.74 13,603,925.31 1. Subordinated loans 25,602.08 74,677.12 2. Unsubordinated debentures 3. Leasing and other similar obligations 55,388.36 21,432.43 4. Credit institutions 29,227,910.97 7,052, 280.37 5. Other loans 15,327,528.33 6,455,535.39 B. Trade debts 5,166.83 209,324.56 1. Suppliers 5,166.83 209,324.56 2. Other trade debts C. Amounts received for orders 1,280,738.64 2,426,254.35 D. other amounts payable 3,132,860.56 185,954.54 x i . a m o u n t s paya b l e w i t h i n o n e y e a r 126,983,398.90 77,318,032.44 A. current portion of amounts payable after one year 18,610,996.22 8,099,917.85 B. Financial debts 37,645,813.47 21,083,814.85 1. Credit institutions 35,976,348.05 20,424,342.76 2. Other loans 1,669,465.42 659,472.09 C. Trade debts 28,110,867.12 15,318,882.44 1. Suppliers 28,110,867.12 15,313,148.42 2. Other trade debts 5,734.02 D. Advances received on contracts in progress 4,352,060.68 8,507, 274.05 E. Taxes, remuneration and social security 28,556,676.14 20,375,531.08 1. Taxes 16,316,140.81 10,046,971.85 2. Remuneration and social security 12,240,535.34 10,328,559.23 F. other amounts payable 9,706,985.27 3,932,612.18 x i i . a c c r u e d c h a r g e s a n d d e f e r r e d i n c o m e 14,397,774.11 12,781,526.00

TOTAL LIABILITIES 251,570,113.37 147,278,480.23 CONSOLIDATED PROFIT AND LOSS ACCOUNT 2014 2013

2 0 1 4 € €

i . o p e r at i n g i n c o m e 243,686,017.41 150,237,574.25 A. Turnover 236,456,867.37 146,213,997.85 a c c o u n t s

B. increase ; Decrease in stocks of finished goods, work and contracts in progress (+, -) 5,271,552.84 2,070,582.73 C. capitalized production D. other operating income 1,957,597.20 1,952,993.68

i i . o p e r at i n g e x p e n s e s 223,763,239.32 136,503,947.41 consolidated A. raw materials, consumables and goods for resale 60,355,833.37 37,933,491.85 1. Purchases 60,352,521.86 38,020,198.90 2. Increase ; Decrease in stocks (+, -) 3,311.51 - 86,707.05 B. services and other goods 48,036,079.69 31,273,694.89 C. remuneration, social security costs and pensions 100,105,700.24 63,255,201.30 d. depreciation of and other amounts written off establishment costs, intangible and tangible fixed assets 2,779,181.45 2,316,543.48 e. increase ; Decrease in amounts written off stocks, contracts in progress and trade debtors (+,-) 286,978.22 485,344.78 F. increase ; Decrease in provisions for liabilities and charges (+,-) 406,228.10 320,214.42 G. other operating expenses 11,793,238.26 919,456.70 H. capitalized charges corresponding to formation expenses I. depreciation of goodwill

i i i . o p e r at i n g r e s u lt 19,922,778.09 13,733,626.85

i v. f i n a n c i a l i n c o m e 3,464,284.47 1,596,912.25 A. income from financial fixed assets 281,344.70 68,502.78 B. income from current assets 366,472.65 355,488.40 C. other financial income 2,816,467.12 1,172,921.07 86 v. f i n a n c i a l e x p e n s e s 8,700,431.73 6,416,905.17 A. interests, etc 4,312,565.79 3,451,378.43 B. increase ; Decrease in amounts written off current assets other than those mentioned under II.E. (+,-) 244,425.67 4,725.38 C. other financial expenses 2,223,913.78 1,508,886.51 D. depreciation of goodwill 1,919,526.49 1,451,914.85

v i . c u r r e n t r e s u lt o f t h e consolidated c o m pa n i e s b e f o r e i n c o m e ta x e s 14,686,630.82 8,913,633.92

v i i . extraordinary i n c o m e 1,082,854.12 856,528.85 A. release of depreciation and amounts written off intangible and tangible fixed assets B. release of provisions for financial investments 11,605.10 C. release of provisions for extraordinary liabilities and charges 1,470.78 507,01 D. Gain on disposal of fixed assets 294,358.74 8,136.92 E. other extraordinary income 787,024.60 836,279.82

TPF Group Activity 2014 Report 2014 2013 € €

v i i i . extraordinary e x p e n s e s 2,425,117.46 224,287.12 A. extraordinary depreciation of and extraordinary amounts written off establishment costs, intangible and tangible assets 193,046.47 B. Amounts written off for financial investments 903,60 24,899.46 C. Amounts written off financial fixed assets 5,000.00 D. Provisions for extraordinary liabilities and charges 149,903.39 12,199.71 E. loss on disposal of fixed assets 1,891,364.34 187,187.95 F. other extraordinary expenses G. extraordinary depreciation on goodwill 184,899.66 i x . r e s u lt f o r t h e p e r i o d o f t h e consolidated c o m pa n i e s b e f o r e ta x e s 13,344,367.48 9.545,875.65 x . t r a n s f e r s t o a n d f r o m d e f e r r e d ta x e s -1,211,448.03 A. Transfers to deferred taxes B. Transfers from deferred taxes 1,211,448.03 x i . n c o m e ta x e s 6,759,559.08 4,886,605.57 A. Taxes 6,786,040.46 4,961,609.80 B. Adjustment of taxes and release of provision for taxes -26,481.39 -75,004.23 x i i . p r o f i t f o r t h e f i n a n c i a l y e a r 7,796,256.44 4,659,270.09 x i i i . r e s u lt o f c o m pa n i e s consolidated b y t h e e q u i t y m e t h o d A. Profit B. Loss x i v. consolidated p r o f i t 7,796,256.44 4,659,270.09 x v. r e s u lt o f t h i r d pa r t i e s 2,226,063.99 1,183,232.61 87 x v i . r e s u lt o f t h e G r o u p 5,570,192.45 3,476,037.47 printed in june 2015 - chief publisher: Bernadette Petit - Design: www.designbysign.com tpf sa

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