Report 2013 Companies Ofcompanies High Technology Investments 2013 REPORT PASSING on EXPERIENCE MEANS ADDING NEW IDEAS

Companies of High Technology Investments Report 2013 Companies ofCompanies High Technology Investments 2013 REPORT PASSING ON EXPERIENCE MEANS ADDING NEW IDEAS.

Rope-hauled passenger trans- Rope-hauled passenger trans- Materials ropeway systems Rope-hauled urban portation systems for mountain portation systems for mountain transportation systems for and urban environments and urban environments suburbs and communities

4 Snow groomers and tracked Snow lances, fan guns Gearless wind turbines in the utility vehicles for all slopes and and complete snowmaking megawatt category terrain types systems

5 Turnover million Euro

612 700 795 721 709

SALES 2013 In 2013, consolidated sales stood at 709 million euros. A total of 80 ropeways, 28 wind turbines, 625 snow groomers & tracked utility vehicles and 1000 snow guns and lances were delivered and installed worldwide. 2009 2010 2011 2012 2013

Research & Development million Euro

15,5 19,5 24,8 25,9 21,5

POWER OF INNOVATION AS A COMPETITIVE FACTOR Technological leadership is increasingly becoming the crucial factor in purchasing decisions. With about 21.5 million Euros invested in 2013, the Group has continued their policy of continuous investment in R&D. For example, the further developments to the tried and tested DirectDrive, the LeitDrive frequency converter and the LEITWOLF snow groomer with its optimized power specs, were introduced to the market in 2013. 2009 2010 2011 2012 2013

6 Investments million Euro

28,1 20,0 24,3 19,2 10,5

INVESTMENT IN GROWTH FIELDS The Group is growing on a forward-looking and sustainable basis with the goal of continually increasing its market shares and further improving its competitive position. The main capital spending items in 2013 are extensions to the offices and stores, the installation of a high-grade quality assurance laboratory in Sterzing/Italy and acquisition of an ultramodern painting facility for SIGMA cabins. 2009 2010 2011 2012 2013

Headcount

2.407 2.781 3.269 3.320 3.195

EMPLOYEES AS LONG-TERM PARTNERS In 2013, the Group had 3,195 employees worldwide. A total of about 1.5 million Euros were invested in their initial and future training. Following certification in the “Family and Work” audit in 2012, measures were taken in 2013 to make it easier for employees to combine work with raising children. 2009 2010 2011 2012 2013

7 LEITNER ropeways connects highest technology & superior quality with sustainability, design and the individual client´s needs and ideas.

10 2013 IN RETROSPECT

2013 saw a continuation of the recent trend: The ropeway busi- HIGH TECH SOLUTIONS WITH ness is becoming more international, versatile and demanding. LOW ENVIRONMENTAL IMPACTS LEITNER ropeways built a total of 46 installations in 15 countries High demands are made of today’s ropeways in terms of the qual- in 2013. Above all else, it was the company’s core competences ity of the ride, their environmental footprint and energy efficiency. that won the contracts for LEITNER ropeways. While negative eco- How that can be achieved is shown by the success of LEITNER nomic developments created a mood of restraint on many of the ropeways’ DirectDrive, which is exclusive to the HTI Group. Rope- traditional ropeway markets, the new markets, including Eastern ways equipped with this modern drive technology are quieter, con- Europe, delivered a strong stimulus with some exciting and often sume less energy and – with fewer moving parts involved – are pioneering projects. In the field of urban transportation, LEITNER more reliable. ropeways implemented innovative solutions with advanced drive In 2013, seven ropeways were delivered with the DirectDrive. systems combining economic advantages with reliability, environ- The advantages of this drive system are still more impressive in mental compatibility and a high standard of passenger comfort. combination with the new LeitDrive frequency converter. The new “Wagstättbahn” gondola lift in Jochberg, which forms part of the OUTSTANDING QUALITY AND INNOVATIVE DESIGN FOR Kitzbühel Ski Area, is equipped with the most powerful version MAXIMUM INVESTMENT PROTECTION of the DirectDrive and LeitDrive. It is the seventh installation in Ropeway operators want to offer their customers enhanced com- the ski area to incorporate this modern drive system. The new fort and performance. At the same time, the installations must also “Hochwurzen” 10-passenger gondola lift in Schladming is powered satisfy stringent economic criteria. LEITNER ropeways meet these via a DirectDrive as well. It also offers flexible operation with an in- requirements with solutions incorporating the highest standards of novative detachable system that guarantees fast loading for skiers engineering and advanced design while anticipating the applica- and snowboarders in the winter. While in summer, the gondolas in tions of the future in the process. Top quality and cutting-edge the stations can be brought to a complete 20-second stop twice design are two of the key competences of LEITNER ropeways. for maximum loading and unloading convenience for pedestrians These qualifications are evident in the company’s two new gondola and passengers with strollers, etc. lifts, “Danter” and “Cepies” at Passo Gardena, which boast impressive transport capacity, comfortable interiors, all-round glazing CREATIVITY AND INDIVIDUALITY FOR A FASCINATING RIDE and convenient loading. They also offer superior quality and leisure AND GREATER CUSTOMER RETENTION potential not only for skiers and boarders in the winter, but also for A ride on a ropeway can be about much more than simply getting mountain bikers and walkers in the summer. Another successful from point A to B. Today’s interest in the quality of the ropeway project in 2013 was the “BMW Individual for LEITNER”, a luxurious experience makes such features as heated leather seats, colored VIP gondola in the design language of the BMW 7 Series. Four of bubbles and comfortable seats with attractive stitched, engraved them are already in operation in Azerbaijan. or printed designs are popular choices with today’s ski area op- For LEITNER ropeways, premium partnerships with leading brands erators. As a premium manufacturer, LEITNER ropeways likes to like BMW and Kitzbühel are of strategic importance. The partner- offer customized solutions. For example, in the Schlick 2000 Ski ship with the Kitzbühel Hahnenkamm Race, initiated in 2012, was Area in the Tyrolean Stubai Valley, the blue bubbles on the new accordingly continued in 2013. “Zirmach” chairlift gives visitors an attractive mountain experience even in bad weather. The chairs also feature heated blue and yellow leather seats. Jasna Ski Resort, the largest ski area in Slovakia, has a chairlift with the blue bubbles and heated seats, while the bubbles in the Polish ski resort of Szczyrk are yellow. The “Ross- waldbahn” 6-seater chairlift in Saalbach has blue bubbles, heated seats and automatic safety bars for children. The gondolas of the “Wagstättbahn” in the Kitzbühel Ski Area have seat covers embroi- dered with the resort’s famous chamois logo.

11 12 ITALY FRANCE The biggest contract handled on the Italian market in 2013 was The tricable gondola lift “Prodains Express”, a joint development for the two 10-passenger gondola lifts “Danter” and “Cepies” in project handled in cooperation with POMA, now connects the two Val Gardena. A mudslide that occurred before the work was fin- winter resorts of Avoriaz and Morzine and serves a double function ished called for a flexible response and great commitment in terms there. The tricable ropeway not only carries skiers and snowboard- of planning and construction. The new installations are designed ers, it is also used by the local inhabitants as an urban transport as a year-round amenity, transporting skiers and snowboarders in solution for travel between the two resorts. LEITNER ropeways winter and providing access to the famous Sella Ronda for moun- also built the new 6-seater chairlift Sommarel in the Superdévoluy tain bikers in summer. New 6-seater chairlifts were built at Ponte Ski Area in the South of the French Alps. Vauz on the Pordoi in the Dolomites and in South Tyrol’s Ski Area “Ratschings”, while more ropeways were erected in Lazio, the Aos- CZECH REPUBLIC, SLOVAKIA, POLAND ta Valley and Basilicata. In total, LEITNER ropeways built eight new In Jasna, in the Demanovska Valley in the Lower Tatra, the new Italian ropeways in 2013. 6-seater chairlift “Lucky Priecno” went into service as the main access installation for the ski area. The ropeway has a DirectDrive, AUSTRIA heated seats, CPS (cable position system) and fully automatic ga- The new GD10 “Wagstättbahn”, 10-passenger gondola lift at Joch- raging system. In Szczyrk, one of Poland’s leading ski areas, a new berg in Kitzbühel, is fitted with the DirectDrive and LeitDrive and is 4-seater chairlift was opened in 2013. the most modern installation of its kind. The GD10 “Gipfelbahn Another project of great strategic importance was handled in the Hochwurzen”, in Schladming, shows how good economics can be Czech Plešivec Ski Area, where LEITNER ropeways installed three combined with passenger convenience. In the terminals, the gon- new 4-seater chairlifts. The Group’s contribution to the project also dolas can be stopped twice for 20 seconds for relaxed loading and included a snowmaking system delivered by DEMACLENKO and unloading. In the Stubai Valley near Innsbruck, the DirectDrive was a PRINOTH snow groomer. On Mount Snezka, the highest peak in chosen for the 6-seater chairlift “Zirmach” in the Schlick Ski Area. the Czech Republic, two 4-passenger gondola lifts named “Snez- The new 6-seater chairlift “Rosswaldbahn” delivered to Saalbach/ ka I+II” were built in 2013. Hinterglemm also has this modern drive, plus heated seats and bubbles. In the Salzburg region, the “Rosnerköpfl” 8-passenger TURKEY, AZERBAIJAN gondola lift now links the center of Werfenweng with the ski slopes, 2013 was again a year of strong growth on the Turkish market, bringing a significant reduction in the number of cars on the road with four new ropeways installed in the Kayseri Ski Resort alone: in this picturesque Alpine valley. a 10-passenger gondola lift, a 6-seater chairlift and two 4-seater chairlifts. A spectacular gondola lift was completed in Bursa, the GERMANY country’s fourth biggest city. Other installations were completed in The new 4-seater chairlift “Krautkaser” is a big improvement for Sivas, Bingöl and Denizli-Tavas. the training center run by the German Ski Association (DSV) on In December 2013, Qebele Mountain Resort in Azerbaijan unveiled the Krautkaser near Königssee. Germany’s biggest ski area, name- four luxury cabins in the “BMW Individual for LEITNER” design. ly Wurmberg in Lower Saxony, is now offering a faster and more Since 2012, LEITNER ropeways has built two detachable gondola comfortable ride for skiers and boarders thanks to LEITNER rope- lifts and two Telemix installations in the ski area located between ways. the Caucasus and the Caspian Sea.

SCANDINAVIA IRAQ, ROMANIA In Åre, Sweden’s most famous ski resort, the international ski area In Dohuk, in Northern Iraq, LEITNER ropeways implemented yet operator Ski Star invested in three new installations from LEITNER another exciting project in 2013: An 8-passenger gondola lift now ropeways. The 6-seater chairlifts “Sadelexpressen” and “Fjällgårds connects a new luxury residential complex complete with a shop- expressen” and the 4-seater chairlift “Tegeliften” are now part of ping mall and restaurants with a hilltop excursion destination. the upgraded offering in this ex-World Ski Championships venue A completely new ski area is being developed in Slănic Moldova in Central Sweden. New installations were also delivered to the in Romania, and LEITNER ropeways delivered a 4-seater chairlift Swedish resorts of Sälen, Lofsdalen and to Misvaer in Norway. in 2013. LEITNER ropeways also delivered the 6-seater chairlift “Storhau- gen” to the Norwegian Myrkdalen Ski Area in 2013. COLOMBIA Following the success of the first gondola lift in the Colombian city of Manizales, which has greatly improved the traffic situation there, the line was extended in 2013. The 10-passenger gondola lift now leads from the bus station to the suburb of Villa Maria.

13 14 OUTLOOK

ROPEWAYS FOR PERFORMANCE AND VERSATILITY ALTERNATIVE TOURISM APPLICATIONS The ropeway scene continues to develop in the direction of further Ropeways are becoming increasingly important as an alternative internationalization and diversification. Ropeways are now linking to the motor car. Visitors to several cities and resorts in Turkey, for urban centers and suburbs. They are also solving traffic problems example, can now use ropeways to enjoy a comfortable ride that in South America, forming the backbone of new ski areas in East- beats the traffic jams and offers superb views as well. In Alanya, on ern Europe and Asia Minor, and assuming new and unusual roles the Turkish Riviera, an 8-passenger gondola lift will carry passen- in the European core markets. With exciting design ideas, they gers from the popular Cleopatra Beach to Castle Hill with its 2,000 have become a marketing tool in their own right and innovative year old castle. The castle has been converted into an open-air engineering has allowed a versatile mode of transport for skiers museum and is soon to become a UNESCO World Heritage site. and snowboarders, walkers, mountain bikers and families with The combination of a comfortable ride and spectacular views will strollers. At the same time, they are now an attractive investment also be available soon to passengers on an 8-passenger gondola as cost-effective and environment-friendly solutions. lift in the Turkish city of Denizli.

WINTER SPORTS URBAN PASSENGER TRANSPORT Winter sports resorts can expect to see growing demand for pas- The biggest urban ropeway project on the Eurasian continent is senger convenience and comfort in the ropeway ride experience. further proof that ropeways can be effective problem-solvers. In Many operators have recognized the opportunities presented by the Turkish capital Ankara, a new detachable 10-passenger gon- new attractions to improve access to the mountain and the whole dola lift will go into service in 2014, linking the Şentepe district with service offering, thus achieve higher levels of customer loyalty. Yenimahalle metro station. The gondola lift will have a 3,228 me- With a proven track record of competence in terms of engineering, ter long line and four stations with a modern eye-catching design. design and quality, LEITNER ropeways offer customers convinc- The impressive ride experience will be reinforced with the help of ing and successful long-term solutions, combining comfort and special LED systems for spectacular light effects. With its state-of- convenience for users with the individual touch for their locations. the-art drive system, the new gondola lift will be in operation 365 Chairlifts with heated seats and bubbles in a distinct design lan- days a year. LEITNER ropeways has built a number of modern guage are just as much a part of this offering as individual branding ropeways in major urban centers worldwide including Barcelona for gondola seats. In Obertauern, the blue bubbles on the new and Hong Kong. 6-seater chairlift guarantee fine views whatever the weather. More For the 2017 International Garden Exhibition in Berlin (IGA), LEIT- and more ski area operators are recognizing the advantages of the NER ropeways has won the contract to install a ropeway to trans- LEITNER DirectDrive. This energy-efficient and environment-friend- port visitors to and from the grounds. The system will transport up ly drive technology will be used to power the tricable gondola lift to 3,000 visitors per hour per direction and provide an impressive “Eisgratbahn” on the Stubai Glacier. The Kitzbühel ski area man- bird’s eye view of the exhibition grounds with their themed gardens, agement is also convinced of the advantages of the DirectDrive. water features and the various national gardens of the world. The LEITNER ropeways are building three new 10-passenger gondola ropeway will connect with the public transport network. lifts in Switzerland, two in Lenk and one in Laax. Future visitors to Le Dévoluy in France will be able to use the new reversible ropeway there to ride up to the observatory on Pic de Bure. Two new installations are being built in Turkey’s Bozdağ Ski Area, and a number of other projects are in the pipeline in Northern and Eastern Europe.

15 POMA, a pioneer in ropeway transportation since 1936, offers innovative and sustainable solutions for mobility.

18 THE MARKET IN 2013

Ropeways today are confronted with growing expectations in tagne Group has already placed an order for two eezii chairlifts. For terms of performance and convenience. As a specialist for inno- POMA, eezii is a groundbreaking concept for new cost-effective vative transportation systems, POMA offers customers optimum ropeways with a small environmental footprint, combining fast in- solutions in the form of new ropeways and refurbished systems. stallation with easy maintenance. In 2013, POMA set the benchmark for groundbreaking ropeways combining maximum service life with a small environmental foot- MULTIX 10 IN MORZINE: AN ENVIRONMENT-FRIENDLY AND print. COST-EFFECTIVE SOLUTION WITH THE DIRECTDRIVE Modern ropeways have to be economical, reliable and environ- CUTTING EDGE TECHNOLOGIES FOR ENVIRONMENTAL ment-friendly. That is where the DirectDrive comes in. It is the PROTECTION world’s only ropeway drive system developed within the HTI Group Environment-friendly operation, including low noise and CO2 emis- that works without a gearbox for smoother and quieter running, sions, is now a key criterion for the choice of a ropeway system. reduced wear and power consumption. The R&D teams at POMA work continuously to develop convincing high-tech solutions for ropeways combining an excellent carbon THE MULTIX 10, FROM MORZINE TO PLENEY, HAS A RATED balance with short construction periods and significantly reduced CAPACITY OF 3,000 PEOPLE PER HOUR. IT’S THE FIRST operating costs. FRENCH 10-PASSENGER GONDOLA ROPEWAY TO BE FITTED WITH THIS TYPE OF DRIVE SYSTEM THE NEW eezii CHAIRLIFT: COST-EFFECTIVE ALTERNATIVE With its environmental advantages, the DirectDrive is suitable for OFFERING FAST INSTALLATION AND ENHANCED use in both winter destinations and urban applications. The new PERFORMANCE Morzine-Pleney gondola lift is a replacement for two older lifts. The High capacity, low costs and a small environmental footprint are reduction in the number of towers and a new station design that the three decisive factors for the success of POMA’s eezii detach- blends in with the countryside greatly add to the attraction of the able chairlift. The new chairlift, the product of a joint development winter sport resort and has made users happier with the relaxed effort within the HTI Group, is based on existing components man- boarding style and alighting. ufactured and assembled in Europe, mainly in France and the Al- pine region. The system offers a convincing bundle of advantages TELEMIX®: COMFORTABLE, ENVIRONMENT-FRIENDLY AND such as lower construction and maintenance costs, shorter deliv- ECONOMICAL ery and installation periods, and significant ecological benefits. The The Telemix® system combines chairs and gondolas in a single environmental impacts in the construction period alone have been installation and offers passengers a convincing package with many reduced by 20 - 30 percent. The eezii system brings efficiency to a innovations. The reduced speed of the gondolas in the stations new level with the fastest installation you’ve ever seen. The 6-seat- makes for easy boarding and alighting, which is a bonus for ski er chairlifts have a transport capacity of 2,800 people per hour schools and groups. Those skiers who want to keep their skis on at a line speed of 5 meters per second. The French Labellemon- and get back on the slopes as quickly as possible will ride up in

19 20 one of the comfortable two-tone padded chairs with individual SEVEN NEW INSTALLATIONS IN NORTH AMERICA footrests. The Vigigard® system is installed on the chairs to en- A total of seven new installations were built by LEITNER-POMA sure that the restraining bars are closed and locked when they (LPOA) in North America in 2013, including the “Kensho Super are launched onto the line and cannot be opened until the arrival Chair”, a detachable 6-seater chairlift in Breckenridge (Colorado) point is reached. The Telemix® also comes with a loading carpet that carries skiers and snowboarders up to an altitude of 3,800 with automatic height adjustment to match passenger size, which meters above sea-level. makes loading easy for children too. In France, combined Telemix® In addition to three ropeways in the USA and three in Canada, installations have been delivered to Pra Loup and Alpe d’Huez. LPOA also delivered a gondola lift to the City of Orizaba (Mexico). With a line length of 1,314 meters, the “Les Jeux” installation at Alpe d’Huez has a transport capacity of 3,900 persons per hour. POMA GROWING IN ASIA It operates with a combination of sixty 8-seater chairs and twen- With no fewer than five 8-passenger gondola lifts built in Ürümqi, ty-four 10-passenger gondolas. To guarantee maximum system Enshi, Simatai, and Yichun Mingyueshan and one funicular rope- availability, the installation features a dual drive system with two way in Shenzhen, POMA was very successful in the Chinese mar- tandem motors. The ropeway was built in just four months as a ket in 2013. replacement for four old surface lifts. The new ropeway consists of 62 towers and ten kilometers of wire rope replaced by a single HIGH-TECH SOLUTIONS IN THE FRENCH ALPS modern, energy-saving installation. In 2013, POMA handled a large number of projects in France. The French ski areas that invested in innovative solutions from POMA OLYMPIC WINTER GAMES: UP WITH in 2013 included Courchevel, Morzine, Val Thorens, Chamrous- THE WINNERS IN SOCHI se, La Norma, Serre-Chevalier, Pra-Loup, l’Alpe d’Huez, Thol- POMA was very much present at the 2014 Winter Olympics in lon-les-Mémises, Les Houches, Notre Dame de Bellecombe, Or- Sochi, with a total of sixteen installations delivered to the Olympic cières, and Val Fréjus. sites at Rosa Khutor and Gornaya Karusel. Two detachable 6-seater chairlifts serving the downhill trail and the chairlift for the jump hill carried the athletes quickly and safely to the start. In addition to the lifts delivered to the actual sites for the Winter Olympics, several new POMA installations were also built in five other winter sport resorts in the northern Caucasus.

21 22 OUTLOOK

URBAN PASSENGER TRANSPORT TOURISM APPLICATIONS Urban ropeways are often the ideal solution for traffic problems in In 2014, the world’s biggest observation wheel goes into service in big cities and the urban environment in general. The Algerian city of Las Vegas, Nevada, with passenger capsules engineered by SIG- Tizi Ouzou, which is 100 km from the capital Algiers, is getting an MA. The wheel has 28 transparent spherical capsules measuring urban ropeway system comprising of two 10-passenger gondola six meters in diameter and weighing 25 tons each. lifts and a jigback tram to link an intermodal station at Kef Naadja in Asia is another particularly attractive region for spectacular tourism the south of the city with the city center of Tizi Ouzou and Redjaou- installations. A case in point is the gondola ropeway in Nui Cam in na in the Northwest. The system will serve as a feeder installation Vietnam. The gondola carries visitors to the Buddhist temples of for the people in the outlying areas and will bring much-needed the Mekong Delta in just a few minutes. relief to the highly congested highways. In Yeosu, a port in the Southwest of South Korea, local residents The successful urban ropeway project implemented in the Colom- and visitors will be able to use an 8-passenger gondola lift for a bian city of Medellin, comprising of two POMA gondola lifts by the comfortable ride to the memorial of national hero Yi Sun Sin on name of “Metrocable 1” and “Metrocable 2”, will be further exten- nearby Dolsando Island. They will also enjoy fantastic views at a ded to include a new tram line, called “Corredor Verde”, connecting height of a hundred meters above the ground over a distance of with two more gondola lifts, each with a middle station. The rope- 1,490 meters. ways will link up with the new tram at the Miraflores and Alejandro Echavarria stops. WINTER SPORTS Two and a half hours from Beijing, in the Chinese province of Hebei, lies the Chongli ski area, where POMA will build three new ropeways. An 8-passenger gondola lift with a middle station, a 6-seater chairlift and a quad chairlift will be built for the ski area. In France, POMA is building another Telemix® in the La Clusaz ski resort and a new gondola lift in Chamonix.

23 AGUDIO – the name for safe and efficient material handling: from proven ropeway solutions to innovative long-distance aerial conveyors.

26 PROJECTS IN 2013

NEW MATERIAL-HANDLING ROPEWAY FOR A BRAZILIAN FLYINGBELT FOR A QUARRY IN BRAZIL CEMENT COMPANY Last year, AGUDIO won a contract from the Swiss construction Whatever the specification, long spans, deep gorges, high capac- material company Holcim. AGUDIO will plan, design and install a ity or extreme climates, AGUDIO has the right material handling 7 km long material-handling conveyor belt that will increase the systems, cable cranes and flyingbelts for every application and productivity at a quarry in Barroso, in the Brazilian State of Minas location. Gerais. In collaboration with POMA and SEMER, AGUDIO won the contract The various components for the Flyingbelt were shipped in 2013 in 2013 to modernize and upgrade a material-handling ropeway in and installation work began at the beginning of this year. Apiai, the Brazilian State of Sao Paolo. The client is none other than InterCement, a division of the Brazilian conglomerate Camar- MEGA-PROJECT IN TURKEY go Correa and one of the world’s biggest cement manufacturers. When it is finished, the Yusufeli Dam will be the highest dam in Tur- The eleven kilometer long material-handling ropeway with one in- key and the third highest in the world. To ensure efficient material termediate station is used to carry limestone from a quarry straight handling for this mega-project, AGUDIO has been asked to deliver to the cement works. The refurbishment included the replacement a customized solution in the form of three parallel cable cranes. of all 290 carriers and a capacity increase from 325 to 450 tons per Each crane will be able to carry up to 28 tons of concrete at a line hour. The installation is now up and running again. speed of 3 m/s. Dam construction will involve the placement of over 3 million cubic meters of concrete. Work on the dam is due to start this year.

PROJECTS IN 2014

HEAVY-DUTY CABLE CRANE FOR DAM CONSTRUCTION IN PERU To ensure the optimum conditions for safe and efficient material handling for the construction of the Cerro del Águila Dam in Peru, a contract was awarded to AGUDIO to supply a radial cable crane with an incredible 28-ton capacity. The dam is located in an area with very steep valleys with limited access. Almost all the construction materials must be delivered to the site with the help of a cable crane. The dam is being built for Consorcio Rio Mantaro, a group that includes the Italian Astaldi company and the Peruvian Graña y Montero company. The components have already been shipped to Peru and the crane will be installed in April 2014. The dam itself is due to be commis- sioned after a two years construction period. The dam construction will utilize 500,000 cubic meters of concrete.

27 MiniMetro – the flexible, eco-friendly urban passenger transport system: Bringing people to their destinations worldwide with maximum efficiency.

30 PROJECTS AROUND THE WORLD

KEEPING TOMORROW’S CITIES MOVING: THE MINIMETRO THE “MIAMI AIRPORT APM” Detroit, Minneapolis, Zürich, Perugia, Frankfurt and Cairo are on Miami International Airport in Florida is one of the biggest airports the list of big cities and airports worldwide using safe, rope-hauled in the world, handling more than 35 million passengers per year. systems for green mobility that continues to grow. The impressive The decision has now been made to build an innovative MiniMetro performance of the Cairo Airport Shuttle in its first full year of pub- to provide highly efficient, fully automatic passenger transportation lic service clearly shows. With an average availability of 99.9% in between the Main Terminal and the Satellite E Terminal, which simi- 2013, the system exceeded the contractual target of 99.7%. That lar to the MiniMetro in Frankfurt. The new MiniMetro in Miami will be was a key criterion in awarding the contract to the MiniMetro team, a jig-back operation and will travel on pneumatic tires. It will feature which will soon be providing trouble-free passenger transportation 2 spacious trains, each with three cars and will transport approxi- in Pisa and Miami. mately 12,000 passengers per hour. The planning and engineering are being handled in a combined operation involving the MiniMetro THE “PISAMOVER” teams in the USA and Europe. One of the main challenges is to The Italian city of Pisa, with its famous Leaning Tower, will soon adapt the system into the existing airport buildings and incorporate have a modern and highly reliable people mover. The approximate- the haul rope into the existing self-propelled guideway. The project ly two-kilometer MiniMetro will link Galileo Galilei Airport and the will be built in two phases to allow for the existing system to con- railway station “Centrale”, with a mid-station at a 1,200 vehicle car tinue operation for uninterrupted passenger service. park facility. Even with the mid-station, transit time will be a mere On the basis of the company’s excellent track record with similar four minutes. In the first five years of operation, the two trains are mobility systems, LEITNER-POMA of America, Inc. has also been expected to carry two million passengers and will run at five-minute awarded a system operation and maintenance contract for a peri- intervals. od of 15 years. Phase 1 of the new MiniMetro is scheduled to go The contract covers the planning, construction and subsequent into service in the Spring of 2016 and the complete system will be operation of the Pisamover and this includes the car park. The proj- in operation in March of 2017. ect is being handled on the basis of a public-private partnership involving LEITNER/AGUDIO, Condotte d’Aqua and Inso Sistemi.

31 PRINOTH – innovative technology and pioneering design characterize the snow groomers, which are able to cope with world demands.

34 SNOW GROOMERS

MARKET IN 2013 SNOW HOW After shrinking by just under 10% in 2012, the global snow groom- As an innovation and technology leader, PRINOTH is known for er market experienced slight growth in 2013. All activities in the efficient snow grooming technology. Not only dos PRINOTH put Alps developed nicely, where many clients appreciated the avail- suitable technology at its customers‘ disposal for their require- ability of engines which meet previous emissions standards and ments, but also supports them in their dealings. PRINOTH is not covered them accordingly. Scandinavia continues to be a stable just a manufacturer, it is also a partner. PRINOTH helps custom- and attractive market. The activities in Eastern Europe and Russia ers to operate efficiently. The comprehensive consulting concept were particularly successful, especially in Sochi with a major order SNOW HOW by PRINOTH now offers ski resorts the opportunity for the Olympic Games. North America continued to distinguish to raise their productivity in all areas. Operating costs are reduced itself as the largest single market and even grew significantly in and performance is increased. SNOW HOW consists of two mod- importance over the previous year. The park segment, in which we ules: RESOURCE MANAGEMENT and MOUNTAIN CONSULTING. have established a clear competitive advantage with the BISON X, RESOURCE MANAGEMENT is a software-based evaluation tool stands out in particular. The used vehicle market suffered from the for perfect planning, that uses vehicle data and analyses. MOUN- poor snow situation and the high temperatures which affected the TAIN CONSULTING, on the other hand, addresses training for an northern Alps in particular at the beginning of the season. efficient use of snow groomers. The combination of the two, RE- SOURCE MANAGEMENT and MOUNTAIN CONSULTING, makes WORLD CLASS SLOPES AT THE WORLD CUP IN SCHLADMING the difference! SNOW HOW is already in use in Europe and North As exclusive supplier for the Planai & Hochwurzen Bahnen for the America. 2013 Alpine Ski World Championship, PRINOTH sent 17 powerful snow groomers in classic green and white, the colors of Styria, onto PARTNERSHIP WITH SNOW PARK TECHNOLOGIES the slopes to ensure the best-quality race courses. Highest quality PRINOTH and park construction specialists Snow Park Technolo- and excellent technology were crucial. With their mature tilling tech- gies (SPT) announced a long-term partnership at the international nology, the snow groomers guaranteed the perfect piste, whatever level in 2013. By working together with world-renowned compa- the snow conditions. For PRINOTH the highlight was the interna- nies such as SPT, PRINOTH has the opportunity, as a manufac- tional World Championship press conference with ski star Erik Guay turer, to collaborate in the development of snow groomers and in the Tirol Haus, at which the podium finisher and the technical to create the most innovative and efficient snow groomers for the director of Planai & Hochwurzen Bahnen, Karl Höflehner, the head construction of professional snowparks. What began as loyal part- trainer of the ÖSV Austrian ladies ski team, Herbert Mandl, and FIS nership is now being continued at a professional level. ”PRINOTH Race Director Hans Pieren, discussed the topic of racing slopes. snow groomers allow us to build the best parks and pipes for the largest action sports events around the world. With PRINOTH as DRIVEN BY INNOVATION. THE LEITWOLF the leader in innovation and technology, we have an opportunity to The LEITWOLF is distinguished by technical innovation, exceptional influence the future of the vehicles with which we work every day,“ performance and a number of highlights that are unique throughout explains Chris ”Gunny“ Gunnarson, CEO of SPT. the world. Beginning its path to success in 2013, the LEITWOLF allows no compromise when creating the perfect slope conditions. SOCHI 2014 The parallel offset of the tiller is a technological masterpiece; the With 62 snow groomers, the 2014 Winter Olympics in Sochi driver is able to determine the trailing characteristics of the tiller are an international prestige project for PRINOTH. As the official and choose between parallel offset and free trailing mode depend- partner of Rosa Khutor, the area hosting the alpine competitions ing on the situation. For a perfect slope surface across its entire during the Olympics, every slope was groomed by PRINOTH snow width and increased stability during transverse crossings. With the groomers. Innovative technologies, impressive tilling performance latest SCR technology and 2,200 Nm and 510 hp (375 kW), the and the drivers‘ know-how, accumulated during numerous major LEITWOLF is the world‘s first production vehicle to meet the new sporting events, mean that the snow groomers guaranteed perfect Euromot IIIB / TIER 4i exhaust emission standard: this means that racing slopes. In order to ensure not only that the technology was fine particle emissions have been reduced by 90% and nitrogen problem-free, but also that the snow groomers were used correctly emissions by 50%. With a width of 4.5 m, the new LEITWOLF and provided with the appropriate maintenance, PRINOTH made is 294 mm wider than comparable vehicles. The widening of the its knowledge of intelligent snow grooming available and sent pro- MASTER blade by 280 mm provides greater push performance fessional snow groomer drivers to Rosa Khutor to ensure perfect and ensures that slope edges are well-defined. The newly-devel- slope conditions before and during the Games. To ensure that the oped AUTOMATIC winch, with a pulling capacity of 4.5 t, is ideally event took place without any problems, PRINOTH service techni- suited to the vehicle. The low and central position of the winch‘s cians were also on-site with a capable Russian partner. pivotal point means that steering behavior is not influenced by the winch. Overall performance has been improved by perfectly distrib- uting power between the winch and the traction drive.

35 36 TRACKED UTILITY VEHICLES

MARKET IN 2013 COOPERATION WITH CATERPILLAR 2013 was an important year for the tracked utility vehicle range. PRINOTH is pleased to announce that it is working with Cater- The PANTHER quickly established itself as the first-choice vehicle pillar in the pipeline industry. The PANTHER T8 was convincing for various applications, leading to increased production of the T8 and selected by Caterpillar for the joint project. PipeLine Machinery and T6 models. The long-term partnership with Caterpillar Pipe- International announced the joint project in an official press release. line Machinery allowed the PANTHER to set new standards in the The PANTHER T8 is used in the off-road sector in even the most pipeline industry. Higher turnover was prevented by a weakened difficult weather conditions. Thanks to its exceptional performance energy supply market and a displacement of projects from power and versatility, it is in operation in the mining, construction, oil and transmission to power distribution. This should only be a temporary gas industries as well as in energy supply. From unusual construc- phenomenon, however, and 2014 promises more positive devel- tion work in the middle of nowhere to maintenance work on city opments. Overall, PRINOTH tracked utility vehicles continue their roads, the PANTHER T8 has the capacity and reliability to over- path to success, positioning themselves as the most efficient carri- come even the greatest challenges. er vehicle solution for the off-road sector. SALES SUCCESSES IN SCANDINAVIA BIG.BOLD.BLACK. THE PANTHER T6 Scandinavia continues to be a market with great potential in the At the February PDAC trade fair in Toronto, Canada, PRINOTH un- area of tracked utility vehicles. At June‘s Elmia Wood in Sweden, veiled the newest addition to the PANTHER family, the PANTHER the world‘s largest international forestry trade fair, the PANTHER T6 for the mining exploration sector. At the product unveiling, in- T8 for light forestry applications was unveiled. The PANTHER can vited clients were shown the new vehicle and introduced to all of work efficiently and reliably under the most extreme weather con- its benefits. Smaller, faster but just as versatile and maneuverable ditions and conquer the most difficult terrain without damaging the as the PANTHER T8, the T6 version carries up to 5,443 kg, which ground. The new forestry crane accessory is the first introduction means it has the highest payload of its class. The unique track of the benefits of low ground pressure to the forestry industry. The profile allows it to pass through rough terrain without stalling or system was developed together with a Norwegian partner. sinking in and without leaving a trace on the environment. And since it is a real PRINOTH, it goes without saying that performance, technology, reliability and cost efficiency are at the highest level. Equipped with a core drill, it demonstrated its versatility and reliability in the collection of core samples. The PANTHER T8, suitable for the mounting of larger drills, was displayed at a partner‘s stand. In October, the PANTHER T6 was presented at the ICUEE trade show with the entire range of energy supply applications.

37 38 VEGETATION MANAGEMENT

MARKET IN 2013 the M 00-2300, M 450-H1100 and FM 600-2300 mulchers and Due to the long winter and relatively wet spring, the actual 2013 the RFL 700 rotavator. Together with our partners, we were able business year began quite late in Europe. A recovery is only pre- to welcome many clients and establish new contacts. Especial- dicted for the second quarter. Russia has established itself as the ly-interested parties came from Scandinavia, Central and Eastern market leader for carrier systems, 2013 was the most successful Europe, North America, Alaska and Australia. At the same time, year for the sale of major systems such as the RAPTOR 500 and Moscow played host to the CTT, the leading specialist trade fair for 800. Our presence at international trade fairs and the jump to North the construction industry in Russia and Eastern Europe. On display America meant that the first RAPTOR 500 and 800 models were were the RAPTOR 800, M 500 mulcher and a GO-TRACT from the sold in the USA. Another important sales success was achieved in tracked utility vehicle range. Great Britain with the RAPTOR 800, equipped with a special under- carriage guaranteeing low ground pressure for unsupportive ground TAILORED COMPLETE SOLUTIONS FOR ENERGY SUPPLY types. AT THE ICUEE 2013 At the ICUEE, PRINOTH presented its products for every require- RAPTOR 800 CONQUERS NORTH AMERICA ment in the area of vegetation management in the USA for the first Specially developed for the most difficult tasks such as heavy clear- time: With the RAPTOR 800 tracked tractor, the RT 200 professional ing, vegetation management around pipelines and power lines, cre- mulching system and the mulcher attachment for GM 450H exca- ation of fire breaks and re-cultivation tasks in professional plantation vators, PRINOTH displayed innovative tracked carrier vehicles and and forestry, the RAPTOR 800 tracked tractor perfectly combines mulcher accessories for optimal working performance and maxi- performance and capability. Everything is designed for durability, mum reliability in every requirement of vegetation management. As ease of servicing and a high level of efficiency, down to the tiniest the leader in performance, safety and innovation, PRINOTH clears detail. The RAPTOR 800 has succeeded in combining innovation a path through difficult terrain! and performance. With the professional mulching system, heavy work can be carried out without compromising on working comfort. TWO STRONG PARTNERS, ONE COMMON GOAL. This is a combination that has never existed before. By presenting AHWI HAS BECOME PRINOTH the RAPTOR 800 at various American and Canadian trade fairs and 2013 provided the best circumstances to be able to offer a bal- live shows, AHWI-PRINOTH successfully ventured onto the North anced and ecologically-sustainable complete solution in the area of American continent to develop the largest international market in vegetation management and biomass processing. As a result of its the long term. partnership with AHWI, PRINOTH has added a third area of activity to its portfolio, which now includes vegetation management in ad- AHWI-PRINOTH IN SWEDEN AND RUSSIA dition to snow groomers and tracked utility vehicles. Following the At the world‘s largest international specialty forestry trade fair, El- strategic alliance between AHWI and PRINOTH, AHWI appeared at mia Wood, AHWI-PRINOTH presented its forestry technology to Agritechnica 2013 for the first time under the PRINOTH name and an expert audience in Jönköpping, Sweden, at the beginning of presented its products tailored to every requirement in the area of June. On display were the AHWI-PRINOTH RT 400 tracked tractor, vegetation management.

39 DEMACLENKO – the innovative, fully automatic, customized snowmaking systems of the future.

42 PROJECTS IN 2013

MOVING UP TO THE TOP OF THE INTERNATIONAL ORDER LEVELS MAINTAINED ON THE TRADITIONAL SNOWMAKING MARKET MARKETS In 2013, DEMACLENKO was able to consolidate and achieve fur- DEMACLENKO’s biggest markets are traditionally the Alpine re- ther growth. Through a combination of customer loyalty, sales to gion and Scandinavia. The following projects were successfully new markets and the launch of new products, like the Titan Silent completed there in 2013. with its low-noise fan and snowVisual control software, the com- DEMACLENKO delivered state-of-the-art snowmaking technol- pany has moved up to join the leaders of the global snowmaking ogy as part of an improvement program for the Austrian winter market. sports mecca Snow Space Flachau. With the two upgraded International customers really appreciate that DEMACLENKO of- pumping stations with cooling towers and cooling ponds, it is now fers a complete line of highly efficient snowmaking systems from possible to fill the reservoir and operate the snowmaking system a single vendor. Complete with an effective after-sales customer at the same time. care service program that has been upgraded in 2013. This cus- St. Moritz, the Swiss cradle of winter tourism, has always come to tomer service program can be implemented over the entire prod- DEMACLENKO for its snowmaking requirements. The work there uct lifecycle, from commissioning to retirement and can include in 2013 included a full refurbishment of the two pumping stations remote diagnosis. All DEMACLENKO facilities have dedicated and replacement of the pits and lines on the mountain at Mar- trouble-shooting teams on call 24 hours a day for a dense service guns-Glüna. network offering a fast and effective response. The existing snowmaking installation at the Sexten Ski Area in the High Puster Valley (South Tyrol/Italy) was also upgraded. A new FROM SYSTEM UPGRADES TO NEW TURNKEY water supply main and a more powerful pumping station (210 l/s, INSTALLATIONS 700 m, 3,000 kW) was built and will deliver enough water in the In addition to the traditional ski resorts, the recent arrivals on the future for perfect snow cover on the slopes. winter sports market also place their trust in DEMACLENKO. The Kolfuschg in Alta Badia (South Tyrol/Italy) is one of the pioneering company is equipped to deliver all the relevant products and ser- ski resorts where DEMACLENKO supplied seventeen snow guns, vices to design and engineer complete snowmaking installations including six Titan Silents with the snowVisual control software. on a turnkey basis. This means quiet and efficient snowmaking on the slopes closest Two of the showcase projects in 2013 were completely new instal- to the village. lations. At Plešivec ski resort in the Czech Republic, DEMACLEN- Thanks to the company’s Swedish facility in Östersund, KO installed a turnkey system with a large pump station complete DEMACLENKO was also able to land several contracts from with cooling towers that supply the entire ski area. A total of 125 Scandinavian winter sports destinations in 2013. These include concrete pits were built for 65 snow guns. This was the first Group Åre, Sälen, Tänndalen, and Trysil, where the system upgrade also project in the Czech Republic, with LEITNER ropeways building involved the installation of the new snowVisual control software three new ropeways and PRINOTH supplying a snow groomer. In for efficient control and monitoring for all of the snowmaking in- Wurmberg, in the German federal state of Lower Saxony, a com- stallations. plete snowmaking system with 101 snow guns was installed in just six months. TOP QUALITY SNOW FOR NORTH AMERICA AND ASIA The system upgrades included the delivery of pumping stations to In 2013, DEMACLENKO America and Gilmonton opened their the ski resorts of Sexten Dolomites (Italy), St. Moritz (Switzerland), doors to new facilities in Grand Junction, Colorado. They also Flachau (Austria) and many others. landed their first contracts, as in the case of Powder Ridge Resort, a popular ski area in Connecticut, where six Evo fan guns now guarantee perfect snow on the trails. A strong focus was placed on China as a market of the future, and several projects were successfully completed there in cooperation with POMA Beijing and Beijing Carving. This includes Changbaishan Ski Resort, which opened in 2012 as one of the latest premiere Chinese ski destinations and is now known as the Chamonix of the East. Five fully automatic Titan snow guns were installed in November 2013 and now gladden the hearts of Chi- nese skiers and snowboarders with snow “out of the blue”.

43 44 GROWTH AND INNOVATION

RESEARCH AND DEVELOPMENT AS A KEY TO SUCCESS SNOWMAKING AT A GLANCE: SNOWVISUAL More technology for customers! That is the thinking behind DEMACLENKO’s snowVisual control software was revamped DEMACLENKO’s policy of a major systematic investment in re- in 2013 and now has an improved user interface that is sim- search and development. The result: products that combine pler, clearer and has more ergonomic controls. The new version better performance with longer service life and more economical gives the operator an instant overview and full control over the operation – which is decisive criteria for all winter resort operators snowmaking system with its various components, processes, and customers. performance parameters and possible faults, etc. for enhanced resource management. LOW ON NOISE, BIG ON POWER: THE TITAN SILENT 2013 saw the arrival of a partner for the Titan: one of the most powerful snow guns on the market in the form of the Titan Silent. It packs the same power and performance as the Titan but is a quiet operator. This is achieved with the help of special sound insulation for the fan, which ensures that the newcomer meets the legal requirements for night-time work in residential areas.

45 LEITWIND – technologically mature, gearless wind turbines with a focus on individual market requirements worldwide.

48 PROJECTS IN 2013

LEITDRIVE: FREQUENCY CONVERTER PLATFORM OF THE PROTOTYPE IN LELYSTAD: LATEST ADDITION TO THE LATEST GENERATION PRODUCT PORTFOLIO In response to the demanding requirements of the international The prototype is environment-friendly electric power for 4,000 fa- market, LEITWIND has developed a reliable and energy-efficient milies from a single wind turbine thanks to the LTW101 3.0 MW - frequency converter by the name of LeitDrive. With their modular the latest addition to the LEITWIND range. The prototype went into design and in-house converter software, these frequency conver- service at the Lelystad test site in the Netherlands in August 2013. ters are flexible, customized solutions in a power range of 250 kW From the results to date, the Lelystad turbine is expected to pro- to 3 MW. In addition to frequency conversion, the converter also duce 12 million kWh of green energy per year. Expectations with improves network stability and protection. The water-cooled Leit- regard to generating capacity were met in full throughout the trial Drive is a reliable system with high power density. Each 250 kW period. The wind turbine also achieved outstanding results in terms module is only 400 mm wide. The converter is a maintenance- of availability. The prototype is now being used for further trials in friendly design with easy accessibility of all components. The in- the 2.0 MW and 2.5 MW power range. Certification of the LTW101 house expertise increases quality in the service area, in purchasing 3.0/2.5/2.0 MW pursuant to IEC 61400-22 is being performed by replacement parts and in customer support. Following successful TÜV Süd and is expected to continue until the summer of 2014. tests, the innovative frequency converter will be installed more and This powerful wind turbine will then be yet another convincing cal- more frequently in all LEITWIND wind turbines. ling card for LEITWIND.

SYNCHRONOUS GENERATOR WITH PERMANENT LEITWIND CUSTOMER CARE MAGNETS: BUILT FOR MAXIMUM EFFICIENCY At LEITWIND, customer relations are seen as a partnership in the Based on synergies created in cooperation with the Group’s rope- creation of a sustainable future. In that context, the success, safety way engineering division, LEITWIND has combined the DirectDrive and profitability of LEITWIND installations are very important. The with a multi-pole synchronous generator with permanent magnets. LEITWIND Customer Care Package according to the IEC 61400- The result is a superior performance profile. In keeping with Henry 26 standard offers a full maintenance contract. In order to provide Ford’s adage, “You cannot break what there is not,” the number customers with a complete service offering tailored to their needs, of rotating parts was minimized. This means less wear and thus LEITWIND Customer Care is divided into three main areas: Field greatly reduced operating and maintenance costs. In the last ten Service, Problem Solving and Spare Parts Management. years, the generators have been the subject of a continuous de- Field Service handles scheduled and non-scheduled maintenance velopment program, with air cooling and water cooling, a torque and repairs, as well as retrofitting for greater efficiency from existing of up to 2,300 kNm and power ratings of up to 3 MW. Today the plants. Problem Solving can be contacted around the clock. Spare LEITWIND team has the knowledge to offer support in the field of Parts Management is responsible for the procurement of spare and DirectDrives for ropeway installations; which has enabled the wheel wear parts. to come full circle.

49 50 OUTLOOK FOR 2014

MARKET STUDY AND STRATEGIES FOR THE FUTURE NEW PRODUCT FOR THE TURKISH WIND POWER MARKET The DirectDrive, customer care upgrades and a focus on small and Turkey today is the world’s fastest-growing energy market. Accor- medium-size projects are the main items on the LEITWIND agenda ding to current forecasts, the country is set to double its energy for the near future. In collaboration with a leading consulting com- consumption to 500 billion kWh by 2023. The Turkish government pany in the field of renewable energy, a market analysis is being has decided that 30% of its energy requirements must be met in prepared as the basis for a clear definition of our future strategies. the form of renewable energy by 2013. The Turkish legislation has The DirectDrive, the gearless synchronous generator with perma- also been interesting with regards to power generation and their nent magnets which is the DNA of LEITWIND wind turbine power related investment agendas. The legislation has set a new limit for plants, impresses with its simple modular design and outstanding power generation operations without a license at the end of March long-term availability. The excellent results achieved to date are the 2013 from 500 kW to 1 MW. LEITWIND has been closely following basis of success for the market place. developments on the Turkish energy market. In response to the A competitive advantage is to be had from a consistent focus on legal situation there, a new variant of the LTW80 has been develo- customer care and project management. Our full-service offering ped. With the optimized performance of the LTW80 1.0 MW plus and long-term service contracts minimize the risks for customers further strategic measures, LEITWIND is set to revolutionize the and reduce their operating costs thanks to the rapid response pro- Turkish energy market. vided by service engineers with an excellent standard of training. In addition to its activities on its established markets, namely Italy, India and Bulgaria, LEITWIND will also be focusing on other markets such as Canada, the USA, Switzerland and the UK.

51 PRODUCTION FACILITIES AND OFFICES WORLDWIDE

Sterzing (Italy)

Klausen (Italy)

Wolkenstein (Italy) Telfs (Austria) Montmélian (France)

Turin (Italy) Grenoble (France) Montmélian (France)

52 Grand Junction (USA)

Granby (Canada)

Beijing (China)

Passy (France) Herdwangen (Germany) Chennai (India)

Veyrins (France) Östersund (Sweden) Starà L’ubovña (Slovakia)

53 Companies of High Technology Investments Report 2013 Companies ofCompanies High Technology Investments 2013 REPORT