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Our Company Sustainability Report 2014 Our Company Sustainability Report 2014 Our Company in the Community The Group at a glance Group key figures 2011 – 2014 IFRS in EUR million 2011 2012 2013 2014 Change (adjusted) (adjusted) 2013/2014 Total group revenues 1,371.8 1,435.8 1,504.2 1,560.2 3.7 % of which Germany 370.3 378.6 410.4 440.2 7.3 % International 1,001.5 1,057.2 1,093.8 1,120.0 2.4 % of which Construction 606.6 655.2 741.7 725.6 -2.2 % Equipment 636.5 589.1 628.6 639.2 1.7 % Resources 211.5 262.8 188.9 252.8 33.9 % Sales revenues 1,219.6 1,344.4 1,402.2 1,375.7 -1.9 % Cost of materials 672.8 686.8 755.9 749.2 -0.9 % Staff costs 298.8 325.0 342.8 355.3 3.6 % EBIT 82.3 72.0 30.1 76.4 n/a Net profit or loss 34.1 25.8 -19.4 15.7 n/a Employees (on average over the year) 9,646 10,253 10,264 10,405 1.4 % of which Germany 4,065 4,090 4,144 4,158 0.3 % International 5,581 6,163 6,120 6,247 2.1 % Consolidated balance sheet ASSETS in EUR '000 Dec. 31, 2013 Dec. 31,2014 EQUITY AND LIABILITIES in EUR '000 Dec. 31, 2013 Dec. 31, 2014 NON-CURRENT ASSETS SHAREHOLDERS' EQUITY Intangible assets 35,388 34,440 Equity of BAUER AG shareholders 397,006 399,308 Property, plant and equipment and Non-controlling interests 22,809 19,617 investment property 459,537 446,909 419,815 418,925 Investments accounted for using the equity method 13,249 42,906 NON-CURRENT LIABILITIES Participations 3,613 3,613 Defined benefit plans 81,637 116,358 Deferred tax assets 26,299 30,973 Financial liabilities 279,437 387,816 Receivables from concession arrangements 36,762 0 Other liabilities 6,483 5,959 Other non-current assets 7,564 7,492 Deferred tax liabilities 14,954 13,123 Other non-current financial assets 5,420 28,420 382,511 523,256 587,832 594,753 CURRENT ASSETS CURRENT LIABILITIES Inventories 419,352 439,184 Financial liabilities 449,876 299,698 Receivables and other assets 517,950 496,650 Other liabilities 307,203 305,861 Effective income tax refund claims 3,437 2,661 Effective income tax obligations 9,606 9,317 Cash and cash equivalents 57,217 41,835 Provisions 16,777 18,026 997,956 980,330 783,462 632,902 1,585,788 1,575,083 1,585,788 1,575,083 Sustainability Report 2014 2 Machinery Plants 36 Employees 37 Our Employees are our Strength 4 Milestones of Sustainability 40 Diversity in the BAUER Group 6 Foreword 42 Trainees and Students 43 Training and Development 8 Company 44 Work-Life Balance 9 The BAUER Group 46 Goals 11 Management and Responsibility 15 Quality 48 Environment 18 Goals 49 Environmental Management 50 Production Figures 20 Projects 53 Goals 2 1 Our Segments 26 Goals 56 About this Report 28 Stakeholders 58 GRI Index 29 Hand in Hand with our Stakeholders 35 Goals 2 Machinery Plants USA BAUER Manufacturing 81 75 Conroe Conroe Employees Plant Countries with registered subsidiaries and facilities Shown locations of the Equipment segment for which environmental data is collected MACHINERY PLANTS 3 SCHROBENHAUSEN LOCATION 1.398 295 334 Schrobenhausen Aresing Edelshausen FAR EAST BAUER Tianjin Technologies 215 Tianjin Shanghai BAUER Technologies 35 Shanghai BAUER Equipment Malaysia 129 Kuala Lumpur GERMANY 236 90 68 Drolshagen Peine Immenstadt 44 120 824 Drolshagen Olbersdorf Nordhausen 4 Milestones of Sustainability 1980 – 1995 1996 – 2006 1980 1996 - Establishment of the Safety and Environmental - First registration as an EMAS-certified company operating Protection department an environmental management system - Sign-up to the Bavarian Eco-Pact - Founding member of the Association of Ethical Management 1987 in the Construction Industry - Establishment of the Leisure, Sports and Cultural Committee 1997 - First certification in ethics management 1988 - Creation of an integrated management system covering quality, environmental protection, health and safety 2004 - Establishment of the BAUER Foundation 1990 - BAUER and MOURIK Umwelttechnik GmbH is the first 2005 company specializing in environmental technology - Establishment of BAUER Umwelt GmbH as a holding for the environmental companies in the group 1991 - Production of the first Social Report 2006 - Contribution to developing occupational profiles - First employee satisfaction survey 1995 - Production of the first corporate eco-statement - First audit by an eco-auditor 2014 - Execution of the Schwarzkopf tunnel bypass railway project in Lower Franconia; the largest project signed in Germany to date - MeBo 200 sea bed drilling rig presented to the public - 25 years of Thai BAUER Co. Ltd. MILESTONES OF SUSTAINABILITY 5 2007 – 2010 2011 – 2013 2007 2011 - Establishment of the Resources segment with a focus on - Development and production of the Bauer Seabed Drill water, environment and mineral resources (BSD 3000) - Creation of a corporate-wide master guideline for - First mono-pile foundation for a tidal turbine management approaches aimed at a sustainable - First-time offering of a dual study course in mechanical business culture engineering and information technology - First external management system certification in the area of occupational safety 2012 - Celebration of the 40th anniversary of the employee 2009 suggestion system - Production of the first Sustainability Report - Leisure, Sports and Culture committee celebrates its - Opening of new head office administration building in 25th anniversary Schrobenhausen and of Edelshausen plant; - Opening of the first soil treatment center in Austria inauguration of machinery manufacturing plant in Conroe, - During the year, the group's global workforce topped the Texas, USA 10.000 mark for the first time - When establishing new facilities, or extending existing facilities, we thoroughly investigate all possibilities for using renewable energy and saving energy 2013 - Foundation works on what will be the tallest buildings in the world and in Europe 2010 - Winning of the Bauma Innovation Award for an undersea - 20 years of environmental technology in the BAUER Group drilling process - Completion of the BAUER Group's first large-scale reed-bed - KLEMM Bohrtechnik GmbH celebrates its 50th anniversary treatment plant in the Sultanate of Oman - Opening of the BAUER Ausbildung Center - Opening of a training circuit and licensing of the BAUER Training Center GmbH to conduct drilling rig and pile-driver operator's permit testing 6 Foreword Ladies and gentlemen, Dear partners and friends of our company, What has “our company in society” achieved over the past year? Each year, we attempt to answer this question in our Sustainability Report. With the information and reports created, we take a look back and draw conclusions about what we were able to achieve for our group and its environment over the past year. Furthermore, of course, we want to give you, our readers, an insight into the wide range of activities that we have initiated, been following and putting into practice alongside our operational business. “Diversity” is the perfect keyword for this. When I am asked what I am most proud of in our company, with scarcely any ex- ception, this is precisely what I answer. This unbelievable diversity of people who input their own cultures, perspectives, expe- rience and characteristics into the BAUER Group and make it what it is today. Last year, we employed about 10,400 people from 76 different countries – for a company of our size, that is both an astonishing and impressive figure. Speaking personally, I am always thrilled to see how magnificently our employees work together, in spite of – or perhaps because of – their diversity. Whether it is on construction sites all over the world, at the various production facilities or in administration at our headquarters in Schrobenhausen: when walking along the corridors or eating in the canteen, it is part and parcel of our everyday work to encounter colleagues with different languages and skin colors. What unifies them is that they work together for our company – and that is one of the best and most important achievements of our company history spanning 225 years. I think that our company is an outstanding example of what diversity actually means: harnessing the strengths of different people, irrespective of their origin, religion, age, gender or sexual orientation and working together for our shared success. When you think about it, it immediately becomes clear how narrow-minded and reductive the public debate about diversity actually is, in that it focuses exclusively on the promotion of women through quota arrangements. It is a shame that such an important topic has thus been channeled into a completely incorrect direction. This Sustainability Report has been published each year for the past seven years, and once again this year's summarizes an extremely wide range of topics from the various areas. As well as some nice construction projects from last year, we also report for you on research activities, the various campaigns pursued by our employees and cooperation with our customers and partners. Over the past few years, we have made particularly intensive efforts to offer our equipment customers even better products and services. In addition to establishing a worldwide service network, we have worked hard on the quality, efficiency and consumption of our machines. An excellent example of this is the Energy Efficiency Package (EEP), which we are going to present to you in more detail in this report. Based on a research project, we have been able to improve the efficiency of our equipment through a host of small improvements. Using the EEP enables fuel consumption to be reduced by up to 30 percent now.
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