management report 07 © 2008 GRUPO EMPRESARIAL SANDO S.L. Design and layout: JWeb Rare Design Cover design: Sando Communications Department Printing: El Callejón del Arte Photographs: Sando archives index SANDO IN FIGURES ...................................................................7 REAL ESTATE DIVISION ............................................................47 Introduction ....................................................................49 LETTER FROM THE PRESIDENT ...................................................9 Vision ..............................................................................49 Organigram .....................................................................50 LETTER FROM THE VICE-PRESIDENT Activity by geographical area ...........................................50 AND THE MANAGING DIRECTOR ...............................................11 Business areas ..................................................................51 THE COMPANY .......................................................................15 Real Estate promotion ......................................................53 History .............................................................................17 Housing starts, constructed and sold ...........................53 Mission ............................................................................17 Evolution of sales ........................................................54 Vision ..............................................................................17 Promotions .................................................................54 Values ..............................................................................18 Real Estate Management ..................................................57 Description of business areas ............................................18 Patrimony ........................................................................61 Organigram .....................................................................18 Projects in development ...................................................63 Executive Committee ........................................................19 Organisational capacity. Human resources ........................66 Activity by geographical location ......................................19 Objectives ........................................................................68 Management figures ........................................................20 SUPPLIES AND MATERIALS DIVISION .......................................71 CONSTRUCTION DIVISION .......................................................27 Introduction ....................................................................73 Introduction ....................................................................29 Vision ..............................................................................73 Business vision .................................................................29 Organigram .....................................................................74 Organigram .....................................................................31 Organisational capacity. Human resources ........................74 Activity by geographical area ...........................................32 Activity by geographical area ...........................................75 Licenses ...........................................................................33 Business areas ..................................................................75 Principal clients ...............................................................34 Extraction, treatment and commercialisation of áridos ...75 Evolution of Production ....................................................35 Production and commercialisation of cement and mortar ..76 Evolution of the Portfolio .................................................35 Production of agglomerate and project execution ........78 Technical capacity. Resources ...........................................36 Transport activities .....................................................79 Organisational capacity. Human resources ........................38 Investments .....................................................................80 International presence .....................................................40 Quality ............................................................................81 Objectives 2008 ...............................................................41 New projects ....................................................................82 Notable Actions ...............................................................42 Objectives ........................................................................82 ENVIRONMENT DIVISION .........................................................85 General Secretariat .........................................................128 Introduction ....................................................................87 Legal services. Vision. Resources. Activities ................128 Vision ..............................................................................87 General Services. Vision. Activities .............................130 Organigram .....................................................................87 Insurance. Vision. Activities .......................................130 Investments .....................................................................88 Documentation and archives. Vision. Activities ..........130 Business areas ..................................................................88 Central Administration ...................................................131 Evolution of Production ....................................................89 Vision .......................................................................131 Evolution of the Portfolio .................................................91 Administration activities ...........................................131 Quality ............................................................................91 Finance ..........................................................................131 Organisational capacity ....................................................92 Vision .......................................................................131 New projects ....................................................................92 Financing .................................................................131 Objectives ........................................................................94 Management Control .....................................................132 Notable actions ................................................................95 Vision .......................................................................132 Activities ..................................................................134 CONCESSIONS DIVISION ........................................................101 Projects ....................................................................134 Introduction ..................................................................103 Communications and Image ................................................134 Vision ............................................................................103 Vision .......................................................................134 Licenses .........................................................................103 Internal and External Communication .......................135 Principal concessions ......................................................105 Advertising and Image ..............................................136 Investments ...................................................................112 Activities ..................................................................136 New projects ..................................................................112 Research, development and innovation ...............................137 Objectives ......................................................................112 Vision .......................................................................137 Activities ..................................................................137 CORPORATE DIVISION ............................................................115 Introduction ..................................................................117 ANNEX: ANNUAL ACCOUNTS .................................................141 Organigram ...................................................................117 Human resources ...........................................................118 ANNEX: CORPORATE SOCIAL RESPONSIBILITY ........................ 201 Vision .......................................................................118 Vision ............................................................................ 203 Organisational structure ...........................................118 Activities related to civil society ..................................... 204 Evolution of staff levels .............................................118 Activities related to the Environment .............................. 205 Selection and remuneration ......................................120 Activities related to the personnel .................................. 206 Training ....................................................................121 Projects ....................................................................121 SANDO FOUNDATION ...........................................................