2020

CORPORATE OVERVIEW 3 CORPORATE OVERVIEWOVERVIEW / / 2020 2020 Content

4. INTRODUCTION SUSTAINABLE DEVELOPMENT, GROWTH AND PROFITABILITY 6. A BRIEF HISTORY ENERGOPROJEKT WAS FOUNDED IN , IN 1951 AS A STATE OWNED COMPANY AIMED TO PROVIDE DESIGNING AND CONSULTING SERVICES WITHIN POWER GENERATION, WATER MANAGEMENT AND IRRIGATION SECTOR 8. ORGANISATION STRUCTURE SUBSIDIARIES IN SERBIA, FOREIGN COMPANIES, REPRESENTATIVE AND BRANCH OFFICES 10. MAIN BUSINESS ACTIVITIES WIDE RANGE OF ACTIVITIES ORGANIZED TROUGH SPECIALIZED SUBSIDIARIES WITHIN ENERGOPROJEKT SYSTEM

12. MARKETS CURRENTLY ACTIVE IN MORE THAN 20 COUNTRIES ACROSS FOUR CONTINENTS … 14. KEY REFERENCES HYDRO POWER PLANTS, THERMAL POWER PLANTS, INDUSTRIAL PLANTS, ARCHITEC- TURE, INFRASTRUCTURE 41. KEY FINANCIAL DATA PERMANENT GROWTH …

69 years of excellence / ENERGOPROJEKT 3 Introduction

Since 1951 when founded as Through a period of over 69 a consulting company, Ener- years it has developed a large goprojekt has grown into a spectrum of activities, always complex business system, in- off ering the highest quality and tegrating Energoprojekt Hold- standards, in the following fi elds: ing (parent company) and 10 subsidiaries (8 of which are in- energy generation, transmission ternationally active) with its and distribution, urban planning, headquarters in Serbia and 20 architecture, building engineer- companies, representative and ing and construction, infrastruc- branch offi ces abroad. ture, water management and en- vironmental protection, industry, information technologies.

In the course of its successful de- The name of Energoprojekt Projects successfully completed by velopment into one of the leading can be found on the lists of Energoprojekt are the best reference world-wide companies in the fi elds of for acquiring new jobs. As a reliable, * Top International Design consulting and contracting activities, effi cient and highly committed part- Energoprojekt has been engaged in Firms and International Con- ner with wide international experi- implementation of various projects tractors published every ence easily adapted to various market and facilities in over 70 countries so year by the renowned Amer- requirements, Energoprojekt success- far, all over the world. fully cooperates with both domestic ican magazine “Engineering and foreign clients in realization of News Record”. important investment projects.

4 CORPORATE OVERVIEW / 2020 Introduction SUSTAINABLE DEVELOPMENT, GROWTH AND PROFITABILITY

Energoprojekt is committed to attaining success and benefi t for our customers, employees, shareholders and the communities we serve.

‘Implementation through expertise’ is the Energopro- This decidedly constructive business contribution will jekt’s mantra and through this policy the fi rm achieves enable the fulfi llment of our mission with a high de- the highest levels of confi dence and satisfaction of its gree of success - in accordance with Energoprojekt’s clients, together with recommendations from them, established tradition. The vision of Energoprojekt is both domestically and world-wide. to be one of the foremost international leaders in the fi elds of engineering, construction and project man- Aiming to contribute positively to the world’s business agement, enabling investors, partners and clients to environment, Energoprojekt will: recognize us as an integral part of their own success, Ensure sustainable development, growth and profi t- thus satisfying clients, employees and shareholders ability alike, and sharing in the responsibility towards soci- Strengthen the company’s reputation on all markets, ety as a whole. by anticipating and fulfi lling the requirements of its clients Since 2001, Energoprojekt stocks has been traded on Uphold its integrity in all business activities . As of July 19, 2007, Ener- Conduct its business relations in the spirit of coopera- goprojekt was listed on the Prime Listing of Belgrade tion and partnership Stock Exchange. Assure the realization of business endeavors in accor- dance with the planned performances, and Develop human resources and upgrade the work en- vironment.

OWNERSHIP STRUCTURE Source: www.crhov.rs, May, 2020

Energoprojekt Holding is a public limited company. Capital ownership is as follows:

14,16% OTHERS

52,26%

33,58% NAPRED RAZVOJZVOJ AD NOVI BEOGRABEOGRAD REPUBLICUB OF SERBIA MONTINVESTTINVEST PROPERTIES D DOO JOPAGJO AG BOJOVIĆVIĆ DOBROSLAVDOBR NAPREDPRED AD BEOGRADBE

69 years ofo excellence / ENERGOPROJEKT 5 A Brief History

Energoprojekt was founded in Over long and successful his- Belgrade, the capital of former tory, Energoprojekt extended its SFRY, as state owned company fi elds of activity to include indus- aimed to provide designing and trial plants, water management consulting services within hydro systems, public and residential and thermal power generation complexes, telecommunication and irrigation systems. systems and data processing sys- tems.

Its structured expansion has re- With 69 years of operation, ENER- sulted in the formation, under EN- GOPROJEKT SYSTEM has developed ERGOPROJEKT SYSTEM, of eight di- into an organization competent to versifi ed, internationally active and undertake large and complex proj- sophisticated companies covering ects, ranging from studies and in- the full range of contracting and vestigations, through design and consulting engineering activities. supervision to construction and full scale implementation. ENERGOPROJEKT SYSTEM is pres- ently operating in more then 20 Today the ENERGOPROJEKT SYSTEM countries around the world, with an is the largest Serbian contractor for average annual turnover of around complex projects including con- EUR 270 million and contracts ex- struction management, full engi- ceeding EUR 200 million. neering and turn-key projects.

6 CORPORATE OVERVIEW / 2020 A Brief History ENERGOPROJEKT BECAME A WORLDRENOWN COMPANY

The ENERGOPROJEKT SYSTEM is the largest Serbian contractor for com- plex projects including construc- tion management, full engineering and turn-key projects.

The following is a brief summary of relevant projects desig- Over 1,300 complex projects in diff erent industrial ned or developed by the ENERGOPROJEKT SYSTEM of com- fi elds (oil and processing, ferrous and non-ferrous panies during the last 69 years in more than 70 countries metallurgy, metalwork’s, chemical and pharmaceutical all over the world: industry, building materials, textile and leather, wood and paper, food etc.); 50 hydro power plants of various types and capacities; 100 public buildings; 34 thermal power plants (oil, gas or lignite fi red) of 10 conference centers; various types and capacities (with a unit capacity up to 1,000,000 m2 commercial premises, over 750,000 m2 600 MW); residential buildings, great number of hospitals, he- 15 industrial power plants; alth centres, schools, administrative buildings, tou- 20 heating plants and 34 district heating systems; rist and sport facilities; Over 200 power transformation stations (voltage le- Heating, cooling and air-conditioning installations for vels up to 400 kV); a/m projects; Several thousand kilometers of overhead transmis- Interior design and furnishing for a/m projects; sion and cable lines (voltage levels up to 400 kV); Information systems and technologies for a/m projects. Over 50 projects of rural electrifi cation; 50 water processing plants; The ENERGOPROJEKT SYSTEM workforce of over 1.500 40 complex land improvement systems; represents its basic creative force. The renowned pro- Over 30 water management and river fl ood control fessionalism of its 800 fully qualifi ed, skilled and expe- projects; rienced engineers and other highly specialized experts, About 50 municipal and industrial water supply and enable the ENERGOPROJEKT SYSTEM to retain its posi- sewage systems; tion as one of the most prominent and trusted groups around the world. Multiple infrastructure projects (underground fa- cilities, tunnels, highways, regional roads, runways, railroads and metro stations);

69 years of exexcellence / ENERGOPROJEKT 7 Organization structure ENERGOPROJEKT SYSTEM  ORGANIZATION STRUCTURE

ENERGOPROJEKT SYSTEM

ENERGOPROJEKT HOLDING

Subsidiaries in which Companies in which COMPANIES, REPRESENTATIVE & Energoprojekt Holding Companies from BRANCH OFFICES IN THE WORLD has majority ownership Energoprojekt System have signifi cant ownership • I.N.E.C. ENGINEERING COMPANY LIMITED Energoprojekt • ENERGOPROJEKT D.O.O. ENERGO-PET HERCEG NOVI Hidroinženjering Montenegro • ENERGOPROJEKT ENERGODATA MONTENEGRO D.O.O. PODGORICA Energoprojekt Montenegro Urbanizam i arhitektura ENERGOPLAST • D.O.O. ENERGOPROJEKT OPREMA CRNA GORA PODGORICA Montenegro Energoprojekt • ENERGO KAZ D.O.O. Entel ENJUB • ENERGOPROJEKT RUS D.O.O. Russia • ENHISA S.A. Energoprojekt Peru Industrija • ENLISA S.A. Peru • Energoprojekt ENTEL LLC Energoprojekt Visokogradnja • Energoprojekt Entel LTD (Offi ce) • Energo Consult LLC Energoprojekt Niskogradnja • ENERGOPROJEKT ENTEL Bahrein • ENERGO () LIMITED Energoprojekt Nigeria • ENGINEERING AND CONTRACTING Oprema COMPANY LIMITED Zambia • ENERGOPROJEKT ZAMBIJA LTD Energoprojekt Zambia Energodata • ENERGO () COMPANY LIMITED Uganda • ENERGOPROJEKT HOLDING GUINEE S.A. Energoprojekt Sunnyville • ENERGO (PRIVATE) LIMITED • ENERGOPROJEKT LIMITED Energoprojekt Ghana Park 11 • DOM 12 S.A.L. Lebanon

8 CORPORATE OVERVIEW / 2020 Organization structure ENERGOPROJEKT HOLDING  ORGANIZATION STRUCTURE

SHAREHOLDERS ASSEMBLY

SUPERVISORY BOARD AUDITING COMMISSION SECRETARY Energoprojekt Holding plc. INNER SUPERVISION

ADVISORS TO CEO CEO IMS COORDINATION BODY Executive Board of EP HOLDING

DIRECTORS’ EXECUTIVE BOARD OF EP GROUP COLEGIUM CEO, ED of EP Holding plc. CEO and Directors and Directors of Subsidiaries of Subsidiaries

CHIEF CHIEF CHIEF REGIONS FINANCIAL LEGAL OPERATING Subsidiaries OFFICER OFFICER OFFICER and Affi liates Abroad

Line of management Line of communication

SUPERVISORY BOARD

Dobroslav Bojović Miodrag Zečević, PhD Branislav Ivković, PhD Nada Bojović Vitomir Perić Dragan Ugrčić President Member Member Independent Member Member Member

EXECUTIVE BOARD

Stojan Čolakov Siniša Tekić Milan Mamula Bogdan Uzelac CEO CFO CLO COO

69 years of excellence / ENERGOPROJEKT 9 Main business activities

Energoprojekt developed it’s As a reliable, effi cient and cre- business activities simultaneous- ative partner, Energoprojekt ly with the development of basic combines an extensive un- activities which include: studies, derstanding of specifi c tech- analyses, research and develop- nologies and local conditions ment, consulting and engineer- with international operational ing, designing various projects, experience. This gives a solid executing all types of works, base for a comprehensive set equipping and erecting facilities, of consultancy and engineer- starting up facilities and com- ing services to be provided to plete systems, including com- our clients. plete “turn-key” services.

10 CORPORATE OVERVIEW / 2020 Main Business Activities ENERGOPROJEKT SYSTEM MAIN BUSINESS ACTIVITIES ARE AS FOLLOW:

Name Services Field of Activity

Subsidiaries: 4 design companies (Hidroinzenjering, Corporate legal, fi nance, develop- Energoprojekt Urbanizam i arhitektura, Entel and Industrija) 3 con- ment, marketing and internal auditing Holding struction companies (Visokogradnja, Niskogradnja and services. Oprema),Energodata, Sunnyville and Park 11

Energy: hydropower generation systems, facilities and plants. Field investigation works, design, Energoprojekt Water management and environmental protection: wa- consulting, engineering, development Hidroinženjering ter management and irrigation systems, water production and project management and processing plants, water supply systems and sewage systems

Energoprojekt Design, consulting, engineering, Buildings design: public, administrative and commercial Urbanizam i project development and project buildings, conference centers, hospitals and health centers, arhitektura management tourist and sport centers and facilities, residential buildings

Power: Thermal power generation, power generation from Design, consulting, strategic planning, renewable energy sources, power transmission and distri- Energoprojekt engineering, project development bution, telecommunication facilities and systems Entel and project management Water: Water production and processing, water transmis- sion and distribution

Industry: industrial plants and facilities (chemical, petro- Design, consulting and engineering, Energoprojekt chemical, pharmaceutical, tobacco, wood, food etc.), indus- project development and project Industrija trial power plants, industrial and thermal technologies, gas management transport and handling

Building engineering and construction: buildings (ad- Engineering, construction, procure- ministrative, commercial and residential buildings, busi- Energoprojekt ment, delivery, erection of equipment ness and conference centers, hospitals and health centers, Visokogradnja and installations, commissioning tourist and sports centers, industrial, thermal-energy and special purpose facilities)

Energy: hydropower structures and plants Infrastructure and water management: dams, aque- Civil engineering construction works, ducts, water tunnels, irrigation systems, water supply and Energoprojekt engineering, procurement and erec- sewage systems, highways and roads, railroads, bridges, Niskogradnja tion of equipment, commissioning tunnels, undergorund works, railroad and subway stations, communal infrastructure, industrial and hydro-mechanical equipment and plants Power: thermal power facilities and plants, transmission and distribution of electricity, hydropower plants Engineering, construction, equipment Water - environmental protection: potable and waste Energoprojekt and plant procurement and installa- water processing, water and sewage systems, Oprema tion, commissioning, project manage- Industry: industrial facilities and plants, ment MEP instalations and control systems for various types of facilities

Development, design, engineering, Information technologies: multidisciplinary information Energoprojekt implementation, commissioning and systems, software and hardware solutions Energodata maintenance Graphic engineering, video production

69 years of excellence / ENERGOPROJEKT 11 Markets

Currently, Energoprojekt is present and active in more than 20 countries across four continents. By generated revenues, apart from the local market, the most important markets are Uganda, , Ghana (), Qatar, UAE, Oman, (), Russia, Kazakhstan (Russia, and ), Peru (), and former Yugoslavian countries.

MARKETS: CURRENT AND PASSED RUSSIA UZBEKISTAN KAZAKHSTAN

BELARUS

ICELAND

ENGLAND IRELAND

GERMANY

MONTENEGRO

CYPRUS

ALGERIA

LIBYA BAHRAIN GUINEA OMAN GHANA NIGERIA ABU DHABI QATAR IRAN JORDAN ETHIOPIA PERU UGANDA RWANDA

ZAMBIA * ZIMBABWE BOTSWANA

LEGEND ARGENTINA - COMPANIES ABROAD - PROJECTS - REPRESENTATIVE OFFICES - BRANCH OFFICES

12 CORPORATE OVERVIEW / 2020 Markets OUR CLIENTS TRADITIONALLY INCLUDE MINISTRIES, LOCAL GOVERNMENT AGENCIES...

Currently, Energoprojekt is present and active in more than 20 countries across four continents.

Within Serbia, Energoprojekt Entel has continual expansion of The market of South America has become one of the key driv- the services in Qatar, United Arab (Peru), where Energoprojekt has ers of the Serbian economy and a Emirates and Oman, as the most been present for many years es- growth generator in all core busi- promising markets. tablishing a good reputation and ness areas, from architecture and solid references in the areas of civil civil engineering, construction Energoprojekt System has numer- engineering and hydro-engineer- and infrastructure to power gen- ous references on the Russian ing, is well defi ned despite the eration and transmission, water market, obtained through the domination of companies from management and environmental activity of Energoprojekt Visoko- Western Europe (Spain, Italy) and protection. gradnja, Energoprojekt Urbanizam i from Brazil. arhitektura, Energoprojekt Industri- Africa is a traditional market of ja in domains of building construc- In South East Europe, Ener- Energoprojekt System. In Ghana, tion and industry (public and offi ce goprojekt is providing services Energoprojekt Visokogradnja buildings, industrial complexes…). mainly in the civil engineering and is constructing various types of power generation sector for for- high-rise buildings (congress Kazakhstan, as a rapidly devel- mer Yugoslavian countries (Mon- centre, public and residential oping country thanks to its oil tenegro, Macedonia and Bosnia buildings…): On the dynamic reserves, represents an impor- and Herzegovina) Algerian market, Energoprojekt tant market for Energoprojekt. In Hidroinženjering is a consultant this country Energoprojekt fi nal- on the execution of numerous wa- ized numerous projects in vari- ter management projects. ous fi elds namely Energoprojekt Niskogradnja in the fi eld of infra- The Middle East became very structure (roads, metro stations interesting market for the major- etc.), Energoprojekt Visokogradnja ity of internationally renowned and Energoprojekt Urbanizam i companies, predominantly due to arhitektura in the fi eld of build- the signifi cant capital investments ing construction (public buildings, in energy and infrastructure proj- shopping centres…), as well as in ects. In spite of this fact, Energo- the fi eld of industry, together with projekt, namely Energoprojekt Energoprojekt Industrija.

69 years of exexcellence / ENERGOPROJEKT 13 Abstract From References

Since its foundation Energoprojekt has developed strong references in the fi elds of:

Energy generation, transmission and distribution Infrastructure Water management - environmental protection Building engineering and construction Industry Information technologies

As a reliable, effi cient and cre- international operational experi- ative partner, Energoprojekt ence. This gives a solid base for combines an extensive under- a comprehensive set of consul- standing of specifi c technolo- tancy and engineering services gies and local conditions with to be provided to our clients.

*

14 CORPORATE OVERVIEW / 2020 69 years of excellence / ENERGOPROJEKT 15 ENERGY LIST OF MAJOR PROJECTS  CURRENT

Project sta- Project name Technical details Country Client Services tus / Year of completion 1 HPP Karuma, 600 MW with a 17 m high HPP 600 MW, concrete gravity dam hight 17m Uganda Uganda Electricity Construction supervision On going concrete gravity dam Generation Co Ltd / Af Consult 2 Qatar power transmission and distribution Consultancy Services for Qatar Power Transmission System Qatar KAHRAMAA Consultancy; On going system extension - Phase XI (Stage 1 & Expansion – Phases XI, XII, XIII covering installation of new (Qatar General Electricity Addendum), XII, XIII substations, cables, telecommunication system, substation and Water Corporation) control system 3 Construction of the North-South Inter- Four 400/132kV Substations (Mahoot, Duqm, Suwayhat Oman OETC (Oman Electricity Consultancy services for design On going -connector Phase-1 and Barik) with associated 400kV OHL, approximatelly and Transmission and supervision (Duqum Power Evacuation) route length of 650km. Company) 4 Three 400/220KV Grid Stations at Sohar Three grid stations: 400/220KV Oman OETC (Oman Electricity Consultancy services On going IPP-3, Sohar FREE ZONE and She Almakarm 400 kV OHL/cables and Transmission Com- and associated 400OHL/cable pany) 5 New SS in North Enirates and 36 km OHL Substations: Shakhbout City 132/11kV, Ruwdat 132/11kV, United Arab TRANSCO (Abu Dhabi Consultancy; On going Works Al Faya 132/33kV and 132kV Cable/OHL Works Emirates Transmission & Despatch Company) 6 Dubai Shamal (DXBSHMAL) & Shams Two 400/132kV substations,400kV series reactor station United Arab Dubai Electricity and Consultancy; On going (SHAMS) Substations, Dubai and associated 400kV OHL Emirates Water Authority (DEWA) 7 Modernization and revitalization of the Concrete arch dam 220 m height; HPP Piva: installed Montenegro Electric Power of Monte- Consultancy; On going hydropower plant Piva capacity 3 x 120 MW negro PLC, Nikšić Preparation of the technical and ten- der documentation and consultancy Modernization and revitalization of the HPP Perućica: installed capacity 307 MW services; hydropower plant Perućica - Phase II 8 Construction of the waste to energy plant in Energy-from-Waste Plant, with waste treatment capacity Serbia CNIM, France Provision of design consultancy On going Vinča settlement, Belgrade of 340.000 t/a, power production capacity of 30 MWel and services; heat production capacity of 56,5 MWth 9 Combined heat and power energy from Energy-from-waste plant, with waste treatment capacity of Serbia Beo čista energija doo Expert supervision services On going waste plant (municipal waste CHP-EfW) 340.000 t/a, power production capacity of 30 MWel and heat and landfi ll gas utilization plant (landfi ll production capacity of 56,5 MWth gas CHP-LGF) 10 New CHP plant Pančevo within the Oil CHP Plant 200 MW Serbia Shanghai Electric Group Preparation of technical documenta- On going Rafi nery Pančevo Europa tion & permiting consulting services; 11 Revitalisation and modernisation of the 15 small hydropower plants (SHPP) Installed capacities Serbia Electric Power Industry Preparation of the technical and On going Mini Hydro Power Plants owned by EPS from 0.06 MW to 6.4 MW of Serbia (EPS ) investment documentation and consultancy services; 12 New Unit B3 of TPP Kostolac B (350 MW) in- TPP350MW Serbia PU Electric Power Indu- Consultancy services (under FIDIC) On going cluding TS Rudnik 5 110/6 kV and TL 110 kV TS 110/6kV & TL 110kV stry of Serbia (EPS) FIDIC Engineer Role; Expert supervision of construction works; 13 TPP Kolubara B, 350 MW 350 MW Serbia PU Electric Power Indu- Consultancy services for the reactiva- On going stry of Serbia (EPS) tion of TPP Kolubara B construction 14 FGD plant in TPP Nikola Tesla A, Units A3-A6 TPP Nikola Tesla A, Units A3-A6 (1325 MW) Serbia PU Electric Power Indu- Construction supervision and control On going stry of Serbia (EPS) of design for building permit; 15 Constructuion of 3 wind power plants: 92,4 MW + 105 MW + 92,4 MW Serbia VETROELEKTRANA BANAT Preparation of design and technical On going Banat, Banat-2 and Banat-3 DOO documentation; 16 Renewable energy project Kostolac - wind 66 MW Serbia PU Electric Power Indu- FIDIC Engineer in consortium with On going farm stry of Serbia (EPS) Fichtner; 17 Construction of windpark Alibunar 1 & 2 96 MW + 75 MW Srbija WindVision farm A&B Preparation of design and technical On going doo Alibunar documentation; 18 HPP "Komarnica" Concrete arch dam with the height of 171 m Montenegro Elektroprivreda Crne Gore Preparation of preliminary design 2020 HPP installed capacity: 2 x 81 MW + 10 MW AD Nikšić with feasibility study (Francis turbine) 19 MB Kolubara, Project C, Package 2: Energy Efi ciency by Ecological Coal Quality Management; Serbia PU Electric Power Indu- Equipment and material delivery, 2019 Infrastructure for coal quality management Infrastructural buildings and plants for the new coal depot stry of Serbia (EPS) execution of civil, mechanical and system in RB Kolubara, at surface mining Tamnava - Zapadno polje electrical works, takeover, start;

16 CORPORATE OVERVIEW / 2020 LIST OF MAJOR PROJECTS - CURRENT POWER PLANTS AND FACILITIES; ENERGY TRANSMISSION AND DISTRIBUTION SYSTEMS

Qatar Qatar Project Qatar power transmission and distribution system Projekat Qatar power transmission and distribution system extension - extension - Phase XIII Phase XI (Stage 1 & Addendum), XII Services Consultancy Services Consultancy Client KAHRAMAA (Qatar General Electricity and Water Corporation) Client KAHRAMAA (Qatar General Electricity and Water Corporation)

Uganda Montenegro Project HPP Karuma, 600 MW with a 17 m high concrete gravity dam Project Modernization and revitalization of the hydropower plant Piva Services Construction supervision Services Consultancy Client Uganda Electricity Generation Co Ltd / Af Consult Client Electric Power of Montenegro PLC, Nikšić

Montenegro Serbia Project Modernization and revitalization of the hydropower plant Project Revitalisation and modernisation of the Mini Hydro Power Plants Perućica - Phase II owned by EPS Services Preparation of the technical and tender documentation Services Preparation of the technical and investment documentation and consultancy services; and consultancy services; Client Electric Power of Montenegro PLC, Nikšić Client Electric Power Industry of Serbia (EPS )

69 years of excellence / ENERGOPROJEKT 17 LIST OF MAJOR PROJECTS - CURRENT POWER PLANTS AND FACILITIES; ENERGY TRANSMISSION AND DISTRIBUTION SYSTEMS

Serbia Serbia Project Construction of the waste to energy plant in Vinča settlement, Project MB Kolubara, Project C, Package 2: Infrastructure for coal quality Belgrade management system Services Provision of design consultancy services; Services Equipment and material delivery, execution of civil, mechanical Client CNIM, France and electrical works, takeover, start; Client PU Electric Power Industry of Serbia (EPS)

Serbia Serbia Project New Unit B3 of TPP Kostolac B (350 MW) including TS Rudnik Project TPP Kolubara B, 350 MW 5 110/6 kV and TL 110 kV Services Consultancy services for the reactivation of TPP Kolubara B Services Consultancy services (under FIDIC) FIDIC Engineer Role; construction Expert supervision of construction works; Client PU Electric Power Industry of Serbia (EPS) Client PU Electric Power Industry of Serbia (EPS)

Serbia Serbia Project New CHP plant Pančevo within the Oil Rafi nery Pančevo Project Constructuion of 3 wind power plants: Banat, Banat-2 and Banat-3 Services Preparation of technical documentation & permiting Services Preparation of design and technical documentation; consulting services; Client Vetroelektrana Banat doo Client Shanghai Electric Group Europa

18 CORPORATE OVERVIEW / 2020 SELECTED REFERENCES 1951-2019 HYDRO POWER PLANTS

Energoprojekt has participated in the design, consulting, engineering, construction, equipping and putting into operation all major hydro power projects in almost all countries of the former Yugoslavia and in all continents except for Australia.

Name HPP Tekeze, Ethiopia HPP Djerdap I, Serbia HPP Djerdap II, Serbia

16 units of 27 MW 4 x 75 MW 12 x 175 MW Description Concrete dam on the Danube river, Dam on the Tekeze river, 185 m high Dam on the Danube river, 55 m high 32-35 m high

Client Ethiopian Electric Power Corporation Electric Power Industry of Serbia Electric Power Industry of Serbia

Name HPP Bajina Bašta, Serbia HPP Perućica, Montenegro HPP Mratinje, Montenegro

348 MW 364 MW 360 MW Description Concrete hollow gravity dam on Drina Earth-fi ll dams on the Zeta river, Concrete arch dam on river, 90 m high h=11, 15, 16, 22 m Piva river, 220 m high Client Electric Power Industry of Serbia Electric Power Industry of Montenegro Electric Power Industry of Montenegro

Name HPP Kafue Gorge, Zambia HPP Bayano, Panama HPP Bekhme, Iraq

900 MW 300 MW 1,590 MW Description Earth-fi ll dam on the Concrete gravity dam, Earth-fi ll dam on the Kafue river, height 50 m height 44 m Greater Zab, height 230 m Institute for Water Resources and Client Ministry of Electricity of Zambia State Commission for Water Manage- Electricity ment Projects of Iraq

69 years of excellence / ENERGOPROJEKT 19 SELECTED REFERENCES 1951-2019 THERMAL POWER PLANTS AND FACILITIES; ENERGY TRANSMISSION AND DISTRIBUTION SYSTEMS

Since its establishment to date, Energoprojekt has participated in rendering consulting services, design, construction, equipping, putting in operation and personnel training of majority of thermal power plants and electric power facili- ties in Serbia, Montenegro and many other countries in Middle East and Africa. The total installed capacity of thermal power plants is over 20,000 MW, while the total length of long distance transmission lines is more than 10,000 km.

Name TPP Nikola Tesla A, , Serbia TPP Kostolac B2, Kostolac, Serbia TPP Nikola Tesla B, Obrenovac, Serbia

1,650.5 MW 2 x 348.5 MW Description Thermal Power Plant, 1,290 MW Thermal Power Plant Thermal Power Plant

Client Electric Power Industry of Serbia Electric Power Industry of Serbia Electric Power Industry of Serbia

Jebel Ali Power and Desalination Name Ras Abu Fontas (RAF) C, Qatar Musandam, Oman Plant, UAE Station M – 400 kV s/s and CC with desalination Plant Gasna elektrana associated 400 kV OHL (GT-4x125 MW, ST-2x210 MW, MFE Description 6x30 MW 400 kV GIS 505 MVA 400/132 kV 4x30,000 m3 per day) Transformers Ministry of Electricity and Water of RAECO – Kompanija za elektrifi kaciju Dubai Electricity and Water Authority Client Qatar ruralnih oblasti Omana (DEWA)

TPP Nikola Tesla A1 and A4, Name TPP “Kostolac B”, Kostolac, Serbia TPP Kolubara A, Lazarevac, Serbia Obrenovac, Serbia Rehabilitation of Unit B2 with the 220 MW and 308.5 MW Ash Removal System Description reconstruction of electrostatic pre- Electrostatic Precipitator at - 45 t/h of ash cipitators (348,5MW) Units 1 and 4 - 3 km distance Client Electric Power Industry of Serbia Electric Power Industry of Serbia Electric Power Industry of Serbia

20 CORPORATE OVERVIEW / 2020 SELECTED REFERENCES 1951-2019 THERMAL POWER PLANTS AND FACILITIES; ENERGY TRANSMISSION AND DISTRIBUTION SYSTEMS

Qatar System for Electrical Energy Two transformer substations Central TL (400 kV), Serbia Name Transmission and Distribution Phases IV, Area & Katampe, Abuja, Nigeria VI - VII, VIII & IX, Qatar Construction of TL between SS Turn-key project for the construction Consultancy services for the Leskovac II and FYR Macedonia border of 2 TS: transmission & distrtribution system 2x60MVA, 132/33kV; 2x150MVA, Description Over 120 SS of various voltage levels (33 400 kV; 100 km long 330/132kV & 2x60MVA, 132/33kV kV - 400 kV), and several hundreds kilome- ters of O/H and cable lines Electric Power Industry of Serbia & NEPA Instalaciones Inabensa S.A. (National Electric Power Authority) Client Kahramaa (Qatar General Electricity & Water Corporation)

Clinical Centre of Serbia, Niš District Heating Plant , Name TS Oke-Aro (Erukan), Lagos, Nigeria Clinical Centre of Serbia, Belgrade, Serbia Belgrade, Serbia Combined heat and power plant total capacity 32 MW, central monitoring TS Oke-Aro (Erukan), SG 2x300MVA; system CMS (Niš); Description 330/132 kV; 2x60MVA; 132/33kV, combined heat and power plant 1,8MWe Reconstruction Lagos & 1,8MWt, central monitoring system CMS (Belgrade). Ministry of health of Serbia and Client Niger Delta PHCN Public Utility Co “Beogradske elektrane” Clinical Center of Serbia

The total installed capacity of HYDRO POWER PLANTS is over 10,000 MW.

The total installed power of THERMAL POWER PLANTS is over 20,000 MW

69 years of excellence / ENERGOPROJEKT 21 INFRASTRUCTURE LIST OF MAJOR PROJECTS  CURRENT

Project status / Project name Technical details Country Client Services year of completion 1 Vinča waste dump with the energy The new landfi ll has been designed according to the Serbia Beo čista energija LPD EPC contract for design and On going from waste processing plant scheduling of waste disposal: execution of part of the Old landfi ll: 11.840.000 m3; New landfi ll: 6.202.000 3m construction works; (interim landfi ll: 722.000 3m ; unprocessed: 4.010.000 m3; landfi ll for residues after treatment: 1.470.000 m3) 2 Construction of the new technical and Construction of a new multi-functional railway station Serbia Srbija voz ad Construction; Procuremant; On going passanger railway station, Zemun with all required appurtenant equipment for receiving and distributing passengers and cargo, as well as ongoing maintenance of railroad compositions 3 By-pass of motorway aroung city of Construction of a part of buy-pass of motorway aroung Serbia Public Enterprise "Roads of Works execution; On going Zrenjanin city of Zrenjanin, 4km in lenght (from 4+915.11 to km Serbia" 8 +600.84) including two circle crossroads and bridge over Begej channel 4 Railway section "Straževica tunel (enter) Reconstruction of 58 km of railway (km 9+896 to km Serbia Infrastruktura železnice Srbije Execution of construction and On going - Jajinci - Mala Krsna", on (Belgrade) 67+800) and reconstruction of the railway station ad, Beograd electric works; Rakovica - Railway Hub K1 - Jajinci - "Mala Krsna" Mala Krsna - Velika Plana railway and railway station "Mala Krsna" 5 Regulation of river Peštan, Phase I, and Displacement of 3.2 km of the Pestan river from its Serbia Public Enterprise Electric Power Works execution; On going construction of the road Baroševac- natural riverbed, including displacement of the local Industry of Serbia (EPS), MB Medoševac-Vreoci road Brasevac-Medosevac-Vreoci (5.2 km) and its Kolubara, Lazarevac infrastructure. Construction of the new bridge over Pestan river on km 4+143 6 Reconstruction of Flood Protection Protection embankments, total lenght of 16 km Serbia Delegation of the European Union Construction supervision; On going System – Mačva to the Republic of Serbia 7 Reconstruction of the Belgrade streets Complete reconstruction of the streets Kraljice Marije Serbia City of Belgrade, Secretariat for Works execution; On going (kraljice Marije, 27. Marta, Džordža - 27. Marta - Džordža Vašingtona - Cara Dušana with Investment Vašingtona, Cara Dušana) corresponding infrastructure and demolition of existing tram line and construction of new one 8 Reconstruction of Karađorđeve street Execution of works on the reconstruction of Karađorđeve Serbia City of Belgrade, Secretariat of Works execution; On going and Savski kej (promenade) near street (600 m2) and Savski keja -promenade (10.000 Utilities and Housing Services Karađorđeva street m2) near Karađorđeva street including compleete reconstruction (demolition of existing instalations and construction of new one) of existing tram line 9 Reconstruction of Patrijarha Pavla street Reconstruction of the 1.8 km town road, reconstruction Serbia Belgrade Land Development Works execution; On going and appurtenant infrastructure – Phase of existing trafi c lane and construction of new one, Public Agency PE II, section II; Belgrade included total reconstruction of an existing tram-railway 10 Hydrotechnical project - landscaping of Constructin of approx. 4 km of concrete lined riverbed Peru Reginal Government of Ika Works execution; On going Ica riverbed including section between within the urban zone of Ica city, trapezoidal cross setion Province/Special Tambo the Cutervo bridge up to the Tacaraca B=28 m H=4.5 m water intake Caracocha Project 11 Rehabilitation and reconstruction of a Lenght: 58 km,upgrading, expansion and asphalt paving Peru Provias Nacional del Ministerio de Works execution; On going road section Puerto Bermudes of the road section and rehabilitation of the existing Transporte y Comunicaciones - Ciudad Constitucion and construction of three new bridges; existing and construction of 3 new bridges 12 Preventive cleaning of the river-bed of Cleaning of the river-bed, 17km in lenght, approx. Peru MINAGRI Ministerio de Works execution; On going Chira river 3 000 000 cubic meters of earthworks and 20 000 Agricultura y Riego cubics of protection of the river bank by stone formation of "Pilot" channels along riverbed 100 - 150 in width on 2 sections ( from km25 to km 40 and from km 52+900 to km 53+670); 13 Rehabilitation of concrete urban Reconstruction of approx 50.000 m2 of concrete lining of Peru Municipalidad Provincial de Works execution; On going superfi cial colectors concrete channels principal urban superfi cial colector of the city of Sullana Sullana, Peru Via Cieneguilla and Cola de Alacran with correspondent infrastructure and cinstruction of independent sewer drainage system. 14 Highway E-763, Section V: Lajkovac-Ljig Construction works on the road (from km 53+139.91 Serbia "Serbian Ministry of Construction works 2019 and Brančići tunnel to km 77+118.23), lenght: 24 km; Construction/China Shandong construction of 4 traffi c lanes and 3 stopping lanes, International Economic & 9 bridges, 6 overbridges, intersection "Ljig", tunnel Technical Cooperation" "Brančići" comprised of 2 tunnel tubes, each 940 m long, and river fl ow regulation 15 Highway E 763, Section IV, Ub - Lajkovac Road recontruction on 13 location (from km 40+645.28 Serbia China Shandong International Works execution; 2019 to km 53+139), total lenght 12,49 km Economic & Technical 16 Construction of the tram-railway over Construction of the 2,7 km new tram-railway and Serbia Belgrade City Government Works execution; 2019 the Ada bridge in Belgrade reconstruction of a 1 km existing tram-railway 17 Rehabilitation of civil structures of Two step navigation lock dimensions of 34 m x 310 m; Serbia PU Electric Power Industry of Preparation of feasibility 2019 navigation lock HPP Đerdap 1 and one step navigation lock dimensions of 34 m x 310 m Serbia (EPS) study and preliminary design reconstruction of navigation lock HPP Đerdap 2

22 CORPORATE OVERVIEW / 2020 LIST OF MAJOR PROJECTS - CURRENT INFRASTRUCTURE

Vinča waste dump

Serbia Serbia Project Vinča waste dump with the energy from waste processing plant Project Construction of the new technical and passanger Services EPC contract for design and execution of part of the railway station, Zemun construction works; Services Construction; Procuremant; Client Beo čista energija doo Client Srbija voz

Serbia Serbia Project Railway section “Straževica tunel (enter) - Jajinci - Mala Krsna”, Project By-pass of motorway aroung city of Zrenjanin on (Belgrade) Rakovica - Railway Hub K1 - Jajinci - Mala Krsna - Services Works execution; Velika Plana railway and railway station “Mala Krsna” Client Public Enterprise “Roads of Serbia” Services Execution of construction and electric works; Client Infrastrukture železnice Srbije, Beograd

Serbia Serbia Project Highway E-763, Section V: Lajkovac-Ljig and Brančići tunnel Project Highway E 763, Section IV, Ub - Lajkovac Services Construction works Services Works execution; Client Serbian Ministry of Construction / Client China Shandong International Economic & Technical Cooperation China Shandong International Economic & Technical Cooperation

69 years of excellence / ENERGOPROJEKT 23 LIST OF MAJOR PROJECTS - CURRENT INFRASTRUCTURE

Serbia Serbia Project Construction of the tram-railway over the Ada bridge in Belgrade Project Reconstruction of Karađorđeve street and Savski kej (promenade) Services Works execution; near Karađorđeva street Client Belgrade City Government Services Works execution; Client City of Belgrade, Secretariat of Utilities and Housing Services

Serbia Serbia Project Reconstruction of Flood Protection System – Mačva Project Reconstruction of the Belgrade streets (kraljice Marije, 27. Marta, Services Construction supervision; Džordža Vašingtona, Cara Dušana) Client Delegation of the European Union to the Republic of Serbia Services Works execution; Client City of Belgrade, Secretariat for Investment

Peru Peru Project Rehabilitation and reconstruction of a road section Puerto Project Preventive cleaning of the river-bed of Chira river Bermudes - Ciudad Constitucion Services Formation of “Pilot” channels along riverbed 100 - 150 in width on Services Upgrading, expansion and asphalt paving of the road section and 2 sections ( from km25 to km 40 and from km 52+900 to km 53+670); rehabilitation of the existing and construction of three new bridges; Client MINAGRI Ministerio de Agricultura y Riego Client Provias Nacional del Ministerio de Transporte y Comunicaciones

24 CORPORATE OVERVIEW / 2020 SELECTED REFERENCES 1951-2019 INFRASTRUCTURE

Construction of infrastructural projects with the implementation of the most modern technology and equipment ranks among the most signifi cant achievements of Energoprojekt’s engineers: Underground facilities Highways and regional roads Tunnels Airports Railway and metro stations Waste management and pollution control

Construction of Mirijevo Boulevard One track railway bridge Belgrade bypass, section 5, Belgrade, Name with Appurtenant Infrastructure Belgrade, Serbia Serbia Construction; commissioning; construc- tion of the city street, with appurtenant Construction of one track railway infrastructure: reinforced-concrete bridge (188m), reconstruction of the Construction of tunnel Straževica revetment and sewerage (cross-sections: Description length 745m and fl yovers 300x210 cm and 400x18cm), gas & water railway underbridge and Jurija Gaga- supply pipeline, sanitary sewerage, storm rina street, New Belgrade water drainage & 110 Belgrade Land Development Public Belgrade Land Development Public Public Enterprise “Roads of Serbia” and Client Agency, Serbia Agency, Serbia “Corridor 10”, Serbia

Pionirski Park Underground Garage, Road Mityana - Fort Portal, section Highhway Ayer Keroh-Pagoh; Name Belgrade, Serbia Mityana - Mubende, Uganda Malaysia Underground garage with 460 Road length 225 km Highway length 56 km, 12 overpasses Description parking places Mityana - Mubende section and the 334 m long bridge on the river Total area: 13,818 m² Total length 86 km Muar Ministry of Transport and Communica- LLM – Ministry for Roads, Kuala Lumpur, Client Belgrade City Hall, Serbia tions, Uganda Malaysia

MULTIPLE UNDERGROUND FACILITIES, TUNNELS, HIGHWAYS, REGIONAL ROADS, Two Underground Metro Stations, Al- Name “Vukov Spomenik” Belgrade, Serbia RUNWAYS, RAILWAY maly and Abay, Alma Ata, Kazakhstan One „Column“ type and Underground railway station AND METRO STATIONS one „Pylon“ type metro station Platform area: 2,500 m2 at the depth of Description Depth between 30 – 70 m; 40 m, oblique tunnels with 3 escalators, Construction of 3 tunnel tubes each diameter: 7.5 m and length of 65 m (diameter 90 - 100 m²) angle: 30 degree

Client AO Almatimetrokurilis, Kazahstan Belgrade Railway Traffi c Co., Serbia

69 years of excellence / ENERGOPROJEKT 25 WATER – ENVIRONMENTAL PROTECTION LIST OF MAJOR PROJECTS  CURRENT

Project status / Project name Technical details Country Client Services year of comple- tion 1 Irrigation system in San Works include the construction of approximately 14 kilometers Peru Ministerio de Agricultura y Riego Works execution; On going Antonio, Huarango, Haen of irrigation canal, 7.5 km of open, trapezoid or box cross- (MINAGRI), Peru section canal with concrete lining, 4.5 km of pipeline and 2 km section covering the aqueducts, siphon, etc., including a service road and appurtenant infrastructure (lateral water in- takes, crossings with the existing water courses and roads…) 2 Water security mega reservoirs Project 1st phase includes: construction of 24 concrete reser- Qatar KAHRAMAA Consultancy; On going project (1st phase) voirs with total capacity of approx. 10 million m3 of water, 280 (Qatar General Electricity and project management; km (DN 1200-1600) corridor mains and 200 km (DN 900-1600) Water Corporation) transmission pipeline 3 Construction of the water 250 km of water pipe lines (100 - 400 mm DIA) and three Oman PAEW (Public Authority for Consultancy services and On going distribution networks for Wilayat concrete water reservoirs capacity 7,000 m3, 11,000 m3 and Electricity & Water) construction supervision; Bidbid in Al Dhakliya Governorate 200 m3 4 Wadi El Fedan Dam Embankments dam with central clay core, 25 m height and Jordan Ministry of Water and Irrigation - Construction supervision; On going 302 m dam crest length Jordan Valley Authority 5 Kufranja Dam Concrete face rockfi ll dam (CFRD), 80 m height Jordan Ministry of Water and Irrigation - Detailled design and construc- On going Jordan Valley Authority tion supervision 6 Beni Slimane Dam Embankments dam with central clay core, 66 m height Algeria ANBT (National Agency for Dams Preparation of the detailed de- On going and Transfers) sign, technical assistance and supervision over construction; 7 Djedra Dam Concrete face rockfi ll dam (CFRD), 60 m height Algeria ANBT (National Agency for Dams Design; supervision; preparation On going and Transfers) of the detailed design, technical assistance and supervision over construction; 8 Seklafa Dam Seklafa concrete dam (h=47m) Algeria ANBT(National Agency for Dams Detalied design, technical On going and Transfers) assistance and construction supervision; 9 Sidi Naceur Dam Project Rockfi ll Dam, 33,5 m height Algeria ANBT (National Agency for Dams Preparation of fi nal design and On going and Transfers) tender documents; 10 Selova Dam Project Embankments dam with clay core 71 m height and 430 m Serbia Public Water Management Com- Preparation of technical On going dam crest lenght pany “Srbija vode” Belgrade documentation for completion of construction - Phase I 11 Irrigation system on the part of Irrigation area 870 ha Serbia Public Water Management Com- Preparation of preliminary On going the Negotin lowland pany “Srbija vode” Belgrade design with feasibility study 12 Rekhouche Dam Project Embankments dam with central clay core, 70 m height Algeria ANBT (National Agency for Dams Preparation of the feasibility 2019 and Transfers) study; 13 Study of furnishing/securing The project area covers surface of 300 000 km2 Algeria ANBT (National Agency for Dams Study; 2019 water resources for West, Center and Transfers) and East regions 14 Tabeggart Dam Embankments dam, 53 m height and 1275 m dam crest lenght Algeria ANBT (National Agency for Dams Preparation of fi nal design and 2020 and Transfers) tender documents; 15 Pambukovica dam and irriga- Embankments dam with clay core 30 m height and 245 m dam Serbia Public Water Management Com- Preparation of basic designa 2019 tion system crest lenght pany “Srbija vode” Belgrade and preliminary design with feasibility study; 16 Kamenica dam and irrigation Embankments dam with clay core 20 m height and 424 m dam Serbia Public Water Management Com- Preparation of basic design 2019 system crest lenght pany “Srbija vode” Belgrade and preliminary design with feasibility study; 17 Soubella Dam Embankments dam with central clay core, 67 m height Algeria ANBT (National Agency for Dams Preparation of the detailed 2018 and Transfers) design, technical assistance and supoervision over construction; 18 Tarzout Dam Earth-fi ll dam, 60 m height Algeria ANBT(National Agency for Dams Preliminary design and 2018 and Transfers) tender documentation for the construction ; 19 Sanation of the Gazivode Dam Embankments dam with clay core 107.5 m height and 520 m Serbia Public Enterprise for water supply, Detailed design and works 2018 dam crest lenght electical energy generation and execution on "Turn Key" basis; distribution "Ibar"

26 CORPORATE OVERVIEW / 2020 LIST OF MAJOR PROJECTS - CURRENT WATER  ENVIRONMENTAL PROTECTION

Algeria Project Beni Slimane Dam, 66 m height Services Preparation of the detailed design, technical assistance and supervision over construction; Client ANBT (National Agency for Dams and Transfers)

Algeria Algeria Project Seklafa Dam, 47 m height Project Djedra Dam, 60 m height Services Detalied design, technical assistance and construction supervision; Services Design; supervision; preparation of the detailed design, Client ANBT (Agence nationale des barages et transferts) technical assistance and supervision over construction; Client ANBT (National Agency for Dams and Transfers)

Algeria Project Soubella Dam, 67 m height Usluga Preparation of the detailed design, technical assistance and supoervision over construction; Client ANBT (National Agency for Dams and Transfers)

69 years of excellence / ENERGOPROJEKT 27 LIST OF MAJOR PROJECTS - CURRENT WATER  ENVIRONMENTAL PROTECTION

Algeria Project Study of furnishing/securing water resources for West, Center and East regions Services Study; Client ANBT (Agence nationale des barages et transferts)

Algeria Jordan Project Rekhouche Dam Project Project Kufranja Dam, 80 m height Services Preparation of the feasibility study; Services Detailled design and construction supervision Client ANBT (National Agency for Dams and Transfers) Client Ministry of Water and Irrigation - Jordan Valley Authority

Qatar Project Water security mega reservoirs project (1st phase) Services Consultancy; project management; Client KAHRAMAA (Qatar General Electricity and Water Corporation)

28 CORPORATE OVERVIEW / 2020 SELECTED REFERENCES 1951-2019 WATER  ENVIRONMENTAL PROTECTION

In 69 years of business operations, Energoprojekt designed, contstructed and commissioned numerous proj- ects including dams, irrigation and hydro melioration systems, water processing plants, water supply and sewage systems.

Chira - Piura Irrigation System, Jebel Ali Desalination and Power Mokroluški Main Drain, Name Phases I/II/III, Peru Plant, UAE Belgrade, Serbia Reinforced concrete main drain for Regulation of irrigation, Station M – 400 kV s/s and rainwater services clay-fi lled dam h= 48 m, associated 400 kV OHL Drainage: length - 800 m; 4 overfl ow Description crest length 9.5 km 400 kV GIS 505 MVA 400/132 kV structures; concrete diaphragm on Accumulation capacity 1,000x106 m3 Transformers both sides along the whole length of the 10.5 m deep canal Dubai Electricity and Water Authority Belgrade Land Development Agency, Client Ministry of Agriculture, Peru (DEWA), UAE Serbia

Pećina Potable Water Treatment Plant, Potable Water Treatment Plant, Name Dam Rovni, Serbia Valjevo, Serbia Limassol

Potable water treatment plant Water Treatment Plant Earth-fi ll dam, h=75 m, Description Q= 600 l/s Q= 3,500 m3/h Accumulation area: 2.4 km2

Water Supply System Kolubara, Rovni, Directorate for Water Supply and Client SCity Council of Limassol, Cyprus Serbia Sewage, Serbia

40 COMPLEX LAND IMPROVEMENT SYSTEMS 50 WATER TREATMENT PLANTS OVER 30 WATER MANAGEMENT AND RIVER FLOOD CONTROL PROJECTS 50 MUNICIPAL AND INDUSTRIAL WATER SUPPLY AND SEWAGE SYSTEMS

69 years of excellence / ENERGOPROJEKT 29 BUILDING ENGINEERING AND CONSTRUCTION LIST OF MAJOR PROJECTS  CURRENT

Project status / Project name Technical details Country Client Services year of completion 1 Construction of the Annex to Belgrade Anex of the building B+GF+3 Serbia Serbia and Montenegro Air General contractor: execution of structural, On going Airtraffi c Control Centre building together New tower B+GF+16, hight 75m Traffi c Services LLC (SMATSA) fi nishing and MEP works; internal roads, with modern, 75 metres high Belgrade Air Total area: 7.400 m2 parking, Traffi c Control Tower, Surčin, Belgrade design supervision of construction works 2 Nikola Tesla Airport, Belgrade - Terminal building: Serbia VINCI AIRPORTS SERBIA Design - the entire design documentation On going Refurbishment and extension of the terminal Refurbishment and extension by (all stages); building with ancillary facilities within the 2020:41.200m² modernization planned by 2025. Planned extension by 2025: 28.000m² Heating plant 44 MW with three-generation plant Waste waters treatment plant: 855m3/day Solid waste treatment plant 3 Construction of the administrativ buliding Area 23.000 m², Serbia NBGP Properties d.o.o. General contractor - execution of structural, Ongoing Delta Headquarters, Belgrade Floors 2B+GF+IF+8+setback MEP & fi nishing works 4 Chinese Cultural Center, Belgrade Area: 35.000 m², Serbia EMPIRET d.o.o. Beograd Urban Project; Design; Consultancy; Works On going Floors: 2B+GF+7+1" execution; 5 Administrative building "Navigator Business Area: 50.000 m2 Serbia GP SEVEN d.o.o. Beograd for Works execution; On going Center 2" Floors: 3 underground levels+GF+7+setback MPC Properties, Belgrade, 6 Residential and commercial building Park 11, Area: 29.282 m2 Serbia Energoprojekt Park 11 doo Urban Project; Design; Construction;; On going Block 11a, New Belgrade Floors: 2B+GF+8+setback Beograd no. of fl ats: 134 7 Refurbishment, adaptation, renovation and Internal Medicine, Urology, Gynecology, Serbia UNDP Design, all stages; Ongoing extension of 2 hospitals: Pulmonology, Neurology, Administrative Building, etc.: 17 facilities, P~30,000 m² General Hospital in Kruševac & Dr Vukan Čupić Institute for the Health Care of Infi rmary, Pediatrics, Gynecology, Laboratory, Mother and Child in Belgrade" Ophtalmology Department, Radiology, Parent's House, etc.: 17 facilities, P~27,000 m² 8 Belgrade Waterfront, plot 19.1 , "Belgrade Hotel and residential tower, hight 168m Area: Serbia Beograd na vodi d.o.o. Urban Project; Design & construction On going Tower", Belgrade 65.815 m², supervision consultancy services; Floors: 2B+GF+40 9 Football stadium with auxiliary ground and Capacity: 8.080 seats Serbia Public Investment Management Design for the construction permit; On going main building, Kraljevo Offi ce of the Goverment of RS 10 Offi ce-Residential Building, Blok 26, New Belgrade Building Area: 68.000 m2, Serbia Gradjevinsko preduzece Preparation of technical documentation: On going Height : 2B+GF+17 NAPRED Concept design, Schematic design, Design for building permit, Design for construction; Consultancy supervision 11 Residential Complex Blok 24, Bežanijska kosa, Building Area: 21.423 m2, Serbia Energoprojekt Industrija ad Preparation of technical documentation: On going Belgrade Height: 1B+GF+1+setback Beograd Design for building permit, Design for Energoprojekt Viskogradnja ad construction Beograd 12 Reconstruction of Republican stadium, Main and auxiliary stadium for playing ice Russia State Budgetary Institution General Contractor – execution of structural, On going Syktyvkar, Russian Federation hockey, landscaping, grandstands with (Russian of Komi Republic / Unifi ed fi nishing and MEP works; approx. 9,000 seats Fed.) Investor Service of Komi Republic 13 Internacional conference center and hotel Total area: 64.000m2 Russia OOO MKC- General contractor - structural, MEP & On going "Hyatt Regency Rostov” Phase II, Rostov Floors: B+GF+ 5 to16 (Russian RosEvroDevelopment fi nishing works; on Don Fed.) 14 Internacional conference center and hotel Total area: 64,000 m² Russia OOO MKC- Design; Modifi cation of project On going “Hyatt Regency Rostov” Phase II, Rostov Floors: B+GF+5 to 16 (Russian RosEvroDevelopment documentation; on Don Fed.) 15 University Complex Narxoz, Almati Reconstruction and upgrade of the Narxoz Kazakhstan AO Univerzitet Narxoz / Verni Design; On going University Complex Capital Buildings area: 34.000m2 External area: 19.000m2 16 ANI - Abuja National Institute for Legislative 7 buildings, Nigeria Julius Berger PLC MEP systems: design, project On going studies, Abuja Total Area 64,650.00 m² management, works execution, procurement, commissioning; 17 Aneks of the SMATSA building with the Anex of the building B+GF+3 Serbia SMATSA Serbia and Design; Preparation of design 2019 Control Tower New tower B+GF+16 Montenegro Air Traffi c documentation and fi sibility study; Area: 7.400 m2 Services LLC 18 Shopping Center "Ada Mall", Belgrade Area: 94.000 m², Serbia GTC Commercial Urban Project; Design & construction 2019 Floors: 3B+GF+4 Developments d.o.o. Beograd supervision consultancy services; Parts of the Design for Construction; Leasing documentation; Execution of MEP works; 19 Belgrade Waterfront, plot 14, admistrative and 20 fl oors Serbia Belgrade Waterfront Ltd General contractor 2018 residential building, two towers A & B, Belgrade

30 CORPORATE OVERVIEW / 2020 LIST OF MAJOR PROJECTS - CURRENT BUILDING ENGINEERING AND CONSTRUCTION

Serbia Serbia Project Aneks of the SMATSA building with the Control Tower Project Nikola Tesla Airport, Belgrade - Refurbishment and extension Services Design; Preparation of design documentation and fi sibility study; of the terminal building with ancillary facilities Client SMATSA Serbia and Montenegro Air Traffi c Services LLC Services Design - the entire design documentation (all stages); Client VINCI AIRPORTS SERBIA

Russian Federation Serbia Project Reconstruction of Republican stadium, Syktyvkar, Russian Federation Project Football stadium with auxiliary ground and main building, Kraljevo Services General Contractor – execution of structural, fi nishing and MEP works; Services Design for the construction permit; Client State Budgetary Institution of Komi Republic / Client Public Investment Management Offi ce of the Goverment of RS Unifi ed Investor Service of Komi Republic

Serbia Serbia Project Construction of the administrativ buliding Delta Headquarters, Belgrade Project Chinese Cultural Center, Belgrade Services General contractor - execution of structural, MEP & fi nishing works Services Urban Project; Design; Consultancy; Works execution; Client NBGP Properties d.o.o. Client EMPIRET d.o.o.

69 years of excellence / ENERGOPROJEKT 31 LIST OF MAJOR PROJECTS - CURRENT BUILDING ENGINEERING AND CONSTRUCTION

Serbia Serbia Project Administrative building “Navigator Business Center 2” Project Residential and commercial building Park 11, Block 11a, New Belgrade Services Works execution; Services Urban Project; Design; Construction; Client GP SEVEN d.o.o. Beograd for MPC Properties, Belgrade Client Energoprojekt Park 11 doo Beograd

Serbia Serbia Project Belgrade Waterfront, plot 19.1 , “Belgrade Tower”, Belgrade Project Belgrade Waterfront, plot 14, admistrative and residential Services Urban Project; Design & construction supervision consultancy services; building, two towers A & B, Belgrade Client Eagle Hills Properties d.o.o. / Beograd na vodi d.o.o. Services General contractor Client Belgrade Waterfront Ltd

Kazakhstan Russian Federation Project University Complex Narxoz, Almati Project Internacional conference center and hotel “Hyatt Regency Rostov Services Design; Don-Plaza” , Phase II, Rostov on Don Client AO Univerzitet Narxoz / Verni Capital Services General contractor - structural, MEP & fi nishing works; Client OOO MKC-RosEvroDevelopment

32 CORPORATE OVERVIEW / 2020 SELECTED REFERENCES 1951-2019 BUILDING ENGINEERING AND CONSTRUCTION Energoprojekt has designed many architectural projects in Serbia and world wide. Our projects have always dem- onstrated the concept that architecture is a refi ned blend of science and art, respecting both form and function of design solutions. Energoprojekt has designed, constructed and equipped many facilities, such as: Commercial / offi ce-space buildings, public buildings Hotels, tourist complexes, sports complexes Parliaments, residential buildings and villas Airports, railroad stations and bus terminals Hospitals and health centers Housing projects Banks

White House, Presidential Palace, Tash- Name Conference Centre, Accra, Ghana Ministry Complex, Kuwait kent, Uzbekistan

President palace Offi ce space Government offi ces Description Total area: 5,746 m2 Total area: 15,000 m2 Total area: 270,000 m2

Client Vlada Uzbekistana Vlada Republike Gane Government of Kuwait

Hotel Caspian Riviere Grand Palace, Hotel Hyatt Regency, Sheraton Hotel and Conference Name Aktau, Kazakhstan Belgrade, Serbia Centre, , Zimbabwe

Five star hotel Five star hotel Five star hotel Description Conference Centre: 30,145 m2 Total area: 25,000 m2 Total area: 37,500 m2 Hotel: 30,648 m2

Client TOO “Oil Real Estate” BMP Consortium Government of Zimbabwe

Shah Alam Sports Complex, Kuala Sports Complex Igalo, Name Belgrade Arena, Belgrade, Serbia Lumpur, Malaysia Montenegro

Universal sports hall Sports complex Sports complex Description Total area: 48,000 m2 Total area: 270,000 m2 Total area: 6,000 m2 Capacity: 20,000 spectators Capacity: 80,000 spectators Capacity: 3,000 spectators The municipality of Herceg Novi, Client City of Belgrade Government of Selangor State SC Igalo

69 years of excellence / ENERGOPROJEKT 33 SELECTED REFERENCES 1951-2019 BUILDING ENGINEERING AND CONSTRUCTION

Administration Building, Bank Association of Uzbekistan, Shopping Mall & Entertainment Name Belgrade, Serbia Tashkent, Uzbekistan Complex, Aktau, Kazakhstan A class Administration Building in Offi ce space Commercial Complex Description block 26, New Belgrade, Serbia Total area: 15,000 m2 Total area: 49,000 m2 Total area: 50,700 m2 Client Bluehouse Accession Property Holding Bank Association of Uzbekistan TOO “Oil Real Estate”

International Trade Fair, YU Business Centre - Building G, AL KHULAFA Offi ce and Apartment Name Lagos, Nigeria Belgrade, Serbia Complex, Baghdad, Iraq

Exibition Space Residential / Offi ce Space Residential and offi ce space Total area: 80,000 m2 Description Total area: 27,500 m2 Total area: 86,000 m2 Complex area: 300 ha

Client Government of Nigeria Energoprojekt Baghdad City Council

Today, Energoprojekt’s teams of architects, engineers and town planners are achieving considerable results in various fi elds of urban and regional planning, architecture, interior design and construction of projects such as complete engineering contracts on the turn-key basis.

34 CORPORATE OVERVIEW / 2020 INDUSTRY LIST OF MAJOR PROJECTS  CURRENT

Project status / Project name Technical details Country Client Services year of completion 1 Water treatment plant in the Heine- Open and closed concrete reservoirs, pumping Serbia Heineken Srbija d.o.o Execution of works including procurement, material Ongoing ken factory in Zaječar plant, technical rooms, server room and delivery and execution of construction and craft laboratories works, hydro-technical, electric power, telecommuni- cation, signal, mechanical and internal traffi c works. 2 Modernisation of the oil processing "The Delayed Coker Unit (S-5300, DCU); Serbia CB&I (Client NIS) Validation of all design; static calculations of Ongoing complex in NIS Oil Refi nery in Pančevo: Coke Transport System (S-5600, CHS) and concrete and steel structures, development of construction of a new deep oil proces- appurtenant plants/facilities are envisaged for all designs of auxiliary structures; consulting sing plant and delayed Coker Unit the DCU services; checking and certifi cation of designs of 2000 t / day of mixed feed pipelines under pressure; 600 t /day petrol coke" 3 Project for Technical Renovation of 200.000 m³ Blast Furnace Gas Holder Serbia HBIS GROUP Serbia Nostrifi cation of design documentation and On going Serbia Steel Mill of HBIS Group Serbia 250 t /h - Heating Furnace Iron&Steel /TSIC – China preparation of static calculation; supervision of Iron&Steel Ltd 1.782 million t/g - Sintering machine works execution; 4 Increase of alternative fuels Increase of consumption of the alternative fuels Serbia LAFARGE BFC Design, all stages; Ongoing consumption 5 t/h, chlorine extraction and storage and its dosing to the cement mills by introduction of the following systems: 1. Alternative fuels dosing system to the satellite burner 2. Chlorine bypass system with 5 Refurbishment and construction Facade render production line: 4,700 t/shift Serbia JUB DOO Šimanovci The preparation and validation of technical docu- Ongoing of the Paste-Like Skim Compound, Exposed aggregate concrete production line: mentation and consulting services during the permit Facade Render and Exposed 1,300 t/shift application process Aggregate Concrete Production Plant Skim compound production line: 4,600 t/shift - production capacity increase with the highest degree of automation 6 Factory for the production of farma- 1.000.000.000 tablets per year (solid forms); Ghana Ernest Chemist Ltd, Ghana Design; consulting services for acquiring GMP Ongoing ceutical products 1.000.000 l of syrups per year certifi cate; execution of GMP critical works; 5.000.000 l solutions for infusion per year General contractor - construction; total net area of 11.000 m2. 7 New fermenter facility within Heine- Fermenter capacity of 6 x 4000 hl Serbia Heineken Srbija d.o.o Development of design documentation and 2016 ken brewery complex in Zaječar. execution of works under “turnkey” contract; 8 Construction of the New Sulfhuric PS convectors, conveyors, fl ash furnace gas and Serbia "CMSC Bor, Project management; construction works, partial 2015 Acid Plant at CMSC Bor pierce smith converters handling, WESP, contact SNC Lavalin" delivery of equipment and materilas, complete section, convertor, absorbing towers, blower erection of the mechanical and electrical 4MW, preheater, heat exchangers, strong acid equipment and installations; building, blower and MCC building. 9 Flash smelter at CMSC Bor - con- Control Building, dryer, fl ash smelting furnace, Serbia CMSC Bor, Outotec Design; project management; commissioning; 2015 struction WHB and ESP, cold water reservoir, pipe bridge procurement of MEP equipment and systems and fi lter. and execution of civil, electrical and mechanical works; 10 Medical products and chemicals pro- Area 1600 m2 Serbia Zorka Pharma Hemija Detailed design and works execution at the 2015 duction plant , Zorka Pharma, Sabac revamping and extension of the plant; 11 Ferrochrome slag crushing and Capacity: 800.000t/year Kazakhstan AO TNK KAZHROM Detalied design, supervision of works execution 2015 sorting complex and process equipment installation, equipment proqurement, testing, commissioning and personnel training; 12 Four Compressor Stations on the 4 compressor stations: designed capacity Kazakhstan AGP/ Engineering and Design; detailed design and data sheets for 2015 route C of the Asian gas pipeline HPA–(3+1)x30 MW Procurement Services LLP, construction of 4 compressor stations ( № 1, 3, 5, (Kazakhstan – China) Compressor stations are on the route C of the 7) out of 8 in total, on the route C of the Asian gas Asian gas pipeline Kazakhstan – China - expec- pipeline (Kazakhstan – China) in the Republic of ted max.production: 18,7 + 6,3 billion m3 /year Kazakhstan; 13 Two water recycling blocks Water Recycling Block №1: 2x4500 m3 /h of Kazakhstan Oil Rafi nery Atiray/ Engineer- Design; detalied design; 2015 at the Atyrau Oil Refi nery recirculated water ing and Procurement Water Recycling Block №2: 1x 1000 m3 /h of Services LLP, Almaty recirculated water

69 years of excellence / ENERGOPROJEKT 35 LIST OF MAJOR PROJECTS - CURRENT INDUSTRY

Serbia Project Modernisation of the oil processing complex in NIS Oil Refi nery in Pančevo: construction of a new deep oil processing plant and delayed Coker Unit Services Validation of all design; static calculations of concrete and steel structures, development of all designs of auxiliary structures; consulting services; checking and certifi cation of designs of pipelines under pressure; Client CB&I (Client NIS)

Serbia Serbia Project Water treatment plant in the Heineken factory in Zaječar. Project Project for Technical Renovation of Serbia Steel Mill of HBIS Group Services Execution of works including procurement, material delivery and Serbia Iron&Steel Ltd execution of construction and craft works, hydro-technical, electric Services Nostrifi cation of design documentation and preparation of power, telecommunication, signal, mechanical and internal traffi c works. static calculation; supervision of works execution; Client Heineken Srbija d.o.o Client HBIS GROUP Serbia Iron&Steel /TSIC – China

Ghana Project Factory for the production of farmaceutical products Services Design; consulting services for acquiring GMP certifi cate; execution of GMP critical works; General contractor - construction; Client Ernest Chemist Ltd, Ghana

36 CORPORATE OVERVIEW / 2020 SELECTED REFERENCES 1951-2015 BUILDING ENGINEERING AND CONSTRUCTION

During 69 years, Energoprojekt has been successful in implementing a variety of large-scale, highlycomplicated and technologically complex industrial projects. We off er consulting services related to building construction, installation and start up, providing transfer of knowledge and state of the art technologies. Energoprojekt has designed and/or constructed over 1,300 complex projects in diff erent industrial fi elds such as:

Food processing industry Metal-processing industry Pharmaceutical industry Ore and metal processing industries and transportation systems Basic and processing chemical industries Non-metal and construction materials industries Transportation and storage of oil and gas Tobacco processing and cigarette production industries Wood processing, cellulose and paper production Industrial power plants, heating plants and boiler plants industries Gas distribution

Construction of the New Sulfhuric Acid Two water recycling blocks at the Four Compressor Stations on the route C of Name Plant and Flash smelter at CMSC Bor, Serbia Atyrau Oil Refi nery, Atyrau, Kazakhstan the Asian gas pipeline (Kazakhstan – China) Design; project management, procure- Design; detailed design and data sheets Description ment of equipment, work execution, Design; detalied design; for construction of 4 compressor stations commissioning

Client CMSC Bor, SNC Lavalin, Outotec Oil Rafi nery Atyrau/ Engineering and Oil Rafi nery Atyrau/ Engineering and Procurement Services LLP, Almaty Procurement Services LLP, Almaty

Schlumberger Oilfi eld Services Oilfi eld Services Base with Tanks, Name Paper factory, Siktivkar, Russia Facility, Aktau, Kazakhstan Pavlodar, Kazakhstan Construction Construction, tanks capacity Description Construction 10,000 m2 50,000 tons

Client Schlumberger Logelco Inc. TOO Helios Mondi SLPK

69 years of excellence / ENERGOPROJEKT 37 SELECTED REFERENCES 1951-2015 INDUSTRY

Wine producing plant and villas JUKO, Diary Laktaši, Banja Luka, Dairy industry, Belgrade Name Saryagash, Kazakhstan Republika Srpska “Imlek” Dairy, Serbia Capacity 50,000 lit / day, Dairy with capacity of Description Design and construction Design and construction 500,000 l/daily

Client TOO Caspian Food Salford Group Imlek

Pharmaceutical Factory Pharmaceutical Plant Name BAT Tobacco Factory, Ibadan, Nigeria Tyumen, Russia Hemofarm, Serbia Tobacco manufacturing and Pharmaceutical plant for sterile drugs in Description Pharmaceutical factory cigarette production factory ampoules and in lyophilized form Client British American Tobacco (BAT) Administration of Tyumen city Hemofarm, Vršac, Serbia

OVER 1,300 DESIGNED AND/OR CONSTRUCTED COMPLEX PROJECTS IN DIFFERENT INUDSTRIAL FIELDS

38 CORPORATE OVERVIEW / 2020 69 years of excellence / ENERGOPROJEKT 39 INFORMATION TECHNOLOGIES LIST OF MAJOR PROJECTS

Energodata is one of the pioneers in the fi eld of information technologies in the region. For more than fi ve decades Energodata has been involved in design, engineering and implementation of customized software and hardware solutions. A long-term partnership with world leading software (CA Technologies, Oracle, Microsoft, SAP Business Objects, Novell, Imperva etc) and hardware manufacturers (Dell, Lenovo…), enables Energoprojekt to design, develop and implement IT solutions such as:

Business Intelligence and Data Warehousing Backup and Recovery Management Project Management Software solutions for the large systems Security Management Software development for clients (IT outsourcing) Service Management Self-service banking solutions Infrastructure Management

Name Postal solutions Financial analysis Business Process Management

Business Process Management using Development, maintenance and modern- Software solution OCRisc for the analy- Description Document Management system and ization of postal information solutions sis of fi nancial documents Business Intelligence tools Post of Montenegro, Client Sberbank and Erste bank, Serbia Partner Microcredit Foundation, Post of the Republic of Srpska Tuzla, BiH

Name Business Intelligence Software solutions by customer’s needs ATM devices

Tabular and graphical representation Design, development and implementa- of business data through „revived” tion of system and business software Sales, installation, maintenance and Description reports through which the data is tailored to the specifi c needs of large and service of ATMs analyzed in depth medium-sized business systems Post of Montenegro, Partner Micro- , Credit Agricole, Client credit Foundation Tuzla BiH, Energo- Telenor, Telekom Srbija, EPS, DDOR projekt Holding NLB Bank and Direktna banka, Serbia

40 CORPORATE OVERVIEW / 2020 Financial highlights PERMANENT GROWTH …

69 years of excellence / ENERGOPROJEKT 41 Financial Highlights REVENUES, PROFIT, ANNUAL CONTRACTED VALUE

TOTAL AND OPERATING REVENUES, 20132019. CONSOLIDATED

317 311 288 292 300 294 286 272 262 250 234 224 213 214 198 196 200 OPERATING REVENUE n o i ll 150

R mi TOTAL REVENUE U n E

i 100

50

0 2013 2014 2015 2016 2017 2018 2019

PROFIT BEFORE TAXES FOR THE YEARS 2013  2019

12 10.909 10.468 9.974 8.580 9

on 6.816 5.296 6.018

R milli 6 PROFIT BEFORE TAXES U

in E Graphical presentation of EP Group 3 Profi t before Taxes for the years 2013 to 2019

0 2013 2014 2015 2016 2017 2018 2019

ANNUAL CONTRACTED VALUE, 20132019.

600

500

400 368 338 on

i SERBIA ll 300 276 266 170 R mi 152 U 224 FOREIGN n E 185 186 110 i 200 161 221 120 61 60

100 1886 1998 149 1556 1004 1224 1226 55 1122 0 2013 2014 2015 2016 2017 2018 2019 BACKLOG 31.03.2020.

42 CORPORATE OVERVIEW / 2020 Financial Highlights REVENUE BY INDUSTRIES AND REGIONS

REVENUE BY INDUSTRIES, 2019 00,3%,3% IT

332,8%2,8% ENERGY, ENNVIRONMENT AND WATER

666,9%6,9% CONSTRUCTION, INFRASTRUCTURE AND INDUSTRY

REVENUE BY REGIONS, 2019

33,45%,45% SOUTH AMERICA

117,42%7,42% MIDDLE EAST 666,95%6,95% EUROPE 8,85% AFRICA

33,33%,33% COMMONWEALTH OF INDEPENDENT STATES

69 years of excellence / ENERGOPROJEKT 43 Financial Report 2019 BALANCE SHEET ENERGOPROJEKT HOLDING P.L.C.

ENERGOPROJEKT HOLDING PLC, BELGRADE

CONSOLIDATED BALANCE SHEET 31.12.2019. 000 EUR 000 EUR 31.12.2019. 31.12.2018.

ASSETS

NON - CURRENT ASSETS Intangible assets 543 424 Property, plant and equipment 108,351 111,285 Long term financial investments and receivables 20,747 19,858 Total non - current assets 129,641 131,567

CURRENT ASSETS Inventories 48,227 42,136 Receivables from sales 68,793 76,434 Other short term receivables 5,108 6,140 Short term financial investments 11,767 12,164 Cash equivalenrs and cash 20,870 17,572 Other current assets 45,348 44,202 Total current assets 200,113 198,648

TOTAL ASSETS 329,754 330,215

Off - balance sheet assets 167,551 139,213

CAPITAL AND LIABILITIES

CAPITAL Equity capital 49,476 49,224 Treasury shares repurchased 424 422 Rezerves 3,858 3,838 Revaluation rezerves 50,802 50,929 Unrealised gains/(losses) from securities and 2,110 2,225 other components of other comprehensive result Retained earnings 59,953 60,495 Non-controlling interest 805 1,007 Total capital 166,580 167,296

LIABILITIES Long term provisions 7,601 6,643 Long term liabilities 13,284 2,086 Short term financial liabilities 36,149 62,169 Operating liabilities 80,657 58,286 Other short term liabilities 19,084 27,304 Total liabilities 156,775 156,488

Deferred tax liabilities 6,399 6,431

TOTAL CAPITAL AND LIABILITIES 329,754 330,215

Off - balance sheet liabilities 167,551 139,213

44 CORPORATE OVERVIEW / 2020 Financial Report 2019 INCOME STATEMENT ENERGOPROJEKT HOLDING P.L.C.

ENERGOPROJEKT HOLDING PLC, BELGRADE CONSOLIDATED INCOME STATEMENT from 01.01. until 31.12.2019. 000 EUR 000 EUR

2019. 2018.

OPERATING INCOME Income from sale 223,054 192,984 Other operating income 1,421 2,516 Total operating income 224,475 195,500

OPERATING EXPENSES Cost price of goods sold 1,736 1,346 (Income from use of own products and merchandise) (171) (257) (Increase)/decrease in inventories of intermediate and (1,589) (2,056) finished goods and services in progress Material costs 37,433 42,449 Employee expenses and benefits 62,467 63,459 Production service costs 100,670 68,133 Depreciation expenses 4,784 5,780 Provision expenses 1,978 468 Intangible expenses 11,395 15,820 Total operating expenses 218,703 195,142

Operating income/(losses) 5,772 358

Financial income 5,645 6,517 Financial expenses 4,736 6,431 Financial income/(losses) 909 86

Other income 3,685 11,648 Other expenses 3,550 3,684 Other income/(losses) 135 7,964

PROFIT BEFORE TAX 6,816 8,408

Income tax 1,440 2,208 Deferred tax (income)/expenses (62) 156

NET PROFIT 5,438 6,044

Net profit/(losses) payable to minority shareholders 471 2,276 Net profit/(losses) payable to majority shareholders 4,967 3,768

TOTAL INCOME 233,805 213,665 TOTAL EXPENSES 226,989 205,257

PROFIT BEFORE TAX 6,816 8,408

69 years of excellence / ENERGOPROJEKT 45 Energoprojekt Corporate Overview 2020

Published by Energoprojekt Holding plc

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