COMSA Corporación A benchmark group in the infrastructures and engineering sector

Communication Department COMSA Corporación

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A benchmark group in infrastructures COMSA Corporación is the second-largest Spanish unlisted group in the infrastructures and engineering sector. Founded in 1891, the company delivers comprehensive infrastructure, engineering, environmental and technology services. COMSA Corporación has closed 2015 with a turnover of €1,265 million and more than 8,000 employees (on 31.12.15). One of the pillars of COMSA Corporación’s progress is its business operations abroad, where the company has a turnover of €570 million and a workforce in excess of more than 3,000 people. The group’s expansion over recent years has enabled it to put in place projects on five continents. COMSA Corporación is present in more than 20 countries: Algeria, Andorra, Argentina, Australia, Brazil, Chile, Colombia, Croatia, Ecuador, France, Latvia, Lithuania, Mexico, Morocco, Paraguay, Peru, Poland, Portugal, Romania, Spain, Switzerland, Turkey and Uruguay.

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More than 120 years of history The history of COMSA Corporacion dates back to 1891, the year in which the company “José Miarnau Navás Contratista de Obras” was created in Reus (tarragona). In its early years the company focused on track and station renovation works. In the 1930s the company moved its headquarters to Barcelona and became a public limited company under the name of Hijos de José Miarnau Navás and under the leadership of the second generation of the family. During the 1940s diversified its activities and starts constructing roads, bridges, buildings, etc. In the late 1950s the third generation of the family took over the reins and in 1964 the company was renamed Construcciones Miarnau. This phase was characterised by the increasing mechanisation of the works, especially those involving railways, a process that the company successfully managed, with the incorporation of specialised machinery. In the 1960s and 1970s the company consolidated the diversification of its business and began its geographical expansion throughout Spain, first in Madrid and Valencia and later in other areas. Coinciding with this growth, the company was renamed COMSA. In the following years, COMSA maintained its commitment to technological innovation and in 1982 incorporated the Rapid Track Renewal Train (TRR), which is still unique in Spain and which represented a qualitative leap for the railway projects. In the 1980s the company strengthened its presence throughout the country and at the end of the decade began executing major infrastructure projects. This led to participation in the construction of the first Spanish high-speed line (Madrid-Seville), inaugurated in 1992 for the Universal Exhibition. In parallel, the company carried out various works related to the Olympic Games in Barcelona, most notably the construction of the Palau Sant Jordi. The 1990s saw the progressive entry of the fourth generation into the company, while internationalisation began in countries such as Portugal, Argentina and Chile. With the arrival of the new century, COMSA increased its international presence, now operating in ten countries, and diversified its business into activities such as the environment, transport by rail, renewable energy and concessions. The incorporation of the engineering company EMTE in 2009 allowed the formation of one of the most important infrastructure and engineering groups in Spain. Currently, the COMSA Corporación is present in more than twenty countries and enjoys international recognition, a result of a century of experience in the development of infrastructure, particularly involving railways.

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International commitment Internationalization is one of the main strategic areas at COMSA Corporación. 2015 was marked by the consolidation of the Group's international activities, present in more than 20 countries. Foreign contracts in 2015 exceeded 570 million euros, 45% of the group total. In 2015 COMSA Corporación has strengthened its activity in Latin America, its growth in Mexico being outstanding, has obtained its first contract in Paraguay and has increased its portfolio in countries such as Brazil, Colombia, and Ecuador. Thanks to its rail expertise, the company has rehabilitated line 12 of Mexico City’s metro. In Brazil is doubling a section of the Regis Bittancourt motorway, while continues improving Argentina’s railway network. In Colombia is upgrading various urban roadways in Santa Marta, in Quito (Ecuador) constructs an intermodal transportation facility and in Paraguay has carried out critical equipment for Laboratorios Catedral. In Europe, it has commenced activities in Croatia by constructing a railway line between Grade and Sveti Ivan Zabno, develops the ‘Rail Baltica’ project in Lithuania and constructs the Lugoj – Deva motorway in Romania. In Switzerland has built Lugano’s Cultural Centre and maintains the electrical installations at CERNS facilities in Meyrin, while in France it has installed a fire protection system in a regasification plant in Dunkirk and has constructed several ornamental fountains in Nice and Nantes. In Africa the activities in Algeria stand out, with the construction of various wastewater treatment plants for several clients, while in Marruecos is installing traffic control and city surveillance system in Casablanca and has obtained new contracts to improve air navigation. Additionally, the company has implemented an inerting system in the Cemengal plant in Kairouan (Tunisia). Its specialization in railways, civil works, engineering, installations and services, combined with a range of services that are characterized by their innovation, technology and excellence, position COMSA Corporación as a benchmark player in these sectors while at the same time providing a differentiating value in markets that are becoming more and more demanding and increasingly mature.

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Main figures 2014 COMSA Corporación turnover €1,265 m

Infrastructures and Engineering €1,013 m

Services and Technology €215 m

Concessions and Renewable Energy €38 m

International turnover €570 m

Workforce 8,039 people

BUSINESS AREAS Infrastructures The origins of COMSA Corporación date back to 1891 when it started out in track work and station renovation. Today it is one of the leading constructors in Spain. The company offers comprehensive services in the rail sector which encompass the construction and maintenance of railway infrastructures and superstructures for high-speed and conventional rail, metros, tramways, etc. It is the leader in Spain in this business area and it also has operations in Argentina, Brazil, Lithuania, Mexico, Peru, Poland and Romania. It has also taken part in a large number of projects in other markets such as Australia, India, Italy, Malaysia, the Philippines, Taiwan, etc. It carries out a wide variety of projects in the construction sector including roads, hallmark buildings, airports, urban development, maritime, port and hydraulic projects, tunnels and underground projects, upkeep and maintenance of roads, water treatment, etc. Aggregate and Precast Concrete COMSA Corporación works through investee companies to produce and market quarry aggregate for the construction industry and to make precast concrete railway components.

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Engineering COMSA Corporación accumulates more than 50 years of experience in the development of high technological engineering projects, focusing on the design and execution of installations for the infrastructure, industrial and services sectors. The company offers comprehensive solutions, covering several activity areas, and at the same time, it has the necessary specialization to manage concrete projects. In the engineering field, COMSA Corporación focuses on installations and systems, energy generation and renewable energy, railway electrification and systems, fire protection, solutions for Bio&Pharma, airports and ports, telecommunications and electricity transmission and distribution. Maintenance and Services COMSA Corporación provides building and infrastructure maintenance, energy services, ornamental fountains and facility management. Transport, Logistics and Machinery Through parent company COMSA Rail Transport and investee enterprises, the group delivers rail freight services, services in terminals and rail traction for various needs. The company GMF provides maintenance and spare part services for rail vehicles (rental, repair and maintenance, manufacture and sale of spare parts and swap bodies). It also manages COMSA Corporación’s fleet of equipment. Environment In the Environmental business COMSA Corporación encompasses construction and environmental services activities related to industrial waste management (soil remediation, asbestos removal, landfill management) and urban services (integrated water management).

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Technology In the technological sector COMSA Corporación is specialized in hydrological and environmental systems (Adasa) and automation technology for the aeronautic and automotive industry (Aritex). In this sense, the company has an important international activity in the technological area, with projects in markets such as Algeria, Argentina, Australia, Colombia, France, Morocco, Mexico or Poland, Concessions COMSA Corporación has a presence in all spheres of partnership with government in the financing and management of infrastructures. Its concession operations are divided into roads (motorways and dual carriageways), rail transport (metros and tramways), real estate and equipment (hotels, hospitals, prisons, court buildings, offices) and car parking facilities. Renewable Energy Promotion, operation and maintenance of special system energy generation facilities. It currently has projects in wind energy, solar photovoltaic energy (on the ground and on rooftops), solar thermal energy and biomass energy recovery. It also develops and executes energy projects.

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Innovation Innovation is a fundamental pillar in COMSA Corporación’s corporate philosophy. The company holds the UNE 166.002 certificate by means of which AENOR certifies its R+D+i management system. Today COMSA Corporación has more than 50 ongoing innovation projects. During 2015 it carried out R&D activities and projects for the sum of 12 million euros. COMSA Corporación is currently a member of the Connect-EU de ACC1Ó network and an active member of the Clúster d'Eficiència Energètica de Catalunya (CEEC). ----------------------------------------------------------------------------------------------------------