2010 UPDATE*

2009-2010

Sustainability Report

FCC Construccin consolidates its position as Spains top-ranked construction firm

Works completion surveys show an increase in overall client satisfaction

A protocol has been introduced for measuring greenhouse gases in accordance with ISO 14064

* The FCC Construccin Sustainability Report is a biennial report published on even-numbered years. This document summarises the most-significant information from the 2009-2010 Sustainability Report and contains an update of the main indicators for the last year.

MAIN FINANCIAL INDICATORS

FCC Construccin (million euro)

Main Financial Indicators Turnover Domestic International Gross operating profit (EBITDA) EBITDA margin Net operating profit (EBIT) EBIT margin Pre-tax profit % turnover Net profit % turnover Cash flow from activities Cash flow from operating activities Cash flow from investing activities Net financial indebtedness net equity contracting backlog employees

Production and Backlog (millon euro) 2009

7,201 3,387 3,814 406 5.6% 282 3.9% 305 4.2% 227 3.2% 390 147 243 414 577 6,996 10,856 29,547

FCC Construccins turnover

Country

2010
6,694 3,022 3,672 356 5.3% 242 3.6% 187 2.8% 156 2.3% (278) 3 (281) 520 879 6,134 9,984 26,960

Leading Events in 2010

3,387

2009
3,387 1,602 662 138 201 166 94 95 180 64 75 70 58 32 46 331

2010
3,022 1,521 695 189 184 126 104 101 81 66 52 25 91 54 11 372

3,100
millIion in
railroad construction
led by a contract to build the Panama Metro (worth more than 1,000 million euro), a contract for the railroad line from Relizane to Tiaret to Tissemsilt, in northern Algeria (worth 935 million euro), and the London Crossrail tunnels (worth 300 million euro)

Construction domestic

6,280 3,022 5,512

Spain Austria Germany

449

Poland Romania Bulgaria Switzerland

3,365

Construction international

1,204 471 1,149

Czech Republic Croatia Serbia Portugal

7,201

Alpine

3,372 3,201 3,323

Greece
10,856

Total

6,694 9,984

Mexico Panama USA

FCC Industrial as a trademark

anchoring the FCC Groups position in the industrial and energy sectors

Production 2009 Backlog 2009

Production 2010 Backlog 2010

Other countries

Total

7,201

6,694

FCC Group (million euro)

Main Financial Indicators
Turnover Gross operating profit (EBITDA) EBITDA margin Net operating profit (EBIT) EBIT margin Profit attributable to the controlling company

2009
12,700 1,485 11.7% 790 6.2% 296

2010
12,114 1,435 11.8% 774 6.4% 301

45% National
business

55%
48%
Alpine

international business

7% All other

79% Backlog of FCC

Construccin Group
develops in domestic markets (Spain, Austria, Germany and Portugal)

Contribution to the FCC Group by FCC Construccin Group

Turnover Gross Operating Profit
59% 55% 28% 28% 68%

Consolidated Profit

Net Indebtedness
7% 52% 5%

2009 Construccin Others 2010 Construccin Others

International Business

exceeds national business for the second time

CREATION OF VALUE
Investment in RDI (million euro)
6.74 5.73 4.08 1.45 2.08 2009 2010

CARING FOR PEOPLE

1.09 Subsidies received

Loans obtained under advantageous terms

Total investment

Leading Events in 2010

 enewal of RDI R management certification pursuant to UNE 166002: RDI Management System requirements Certification of the Information Security Management System by the Spanish Association for Standardisation and Certification (AENOR) as compliant with ISO 27001

Staff (No. employees at 31 December)

28,373 26,960

Hours of Training
Hours 2009 Environment Quality Occupational risk prevention 5,286 1,124 40,236 99,741 146,386 2010 2,856 566 42,358 121,559 167,339 2009 352 143 3,047 6,499 10,041 People 2010 182 71 1,152 12,204 13,609 2009 83,259 21,950 409,510 3,805,169 4,319,888 Cost 2010 33,656 21,294 301,229 3,220,502 3,576,680

CLIENTS
Decision Diagram
SHORT-TERM OPPORTUNITIES

2009

2010

Other Total

Job Stability
3.47
BUSINESS FACTORS THAT MAKE A DIFFERENCE

2009

2010

71% 70,7%

Occupational Safety
2009 26% 26.2% 3% 3.1% 2010

Attribute importance (percentage of times the attribute arises)

25%

1 1. Professional capability

Frequency Index 62.4 52.3 27.74 27.74 27.75

20%

Employees under open-ended contracts

Employees under temporary contracts

Employees on assignment

15%

11. Response capacity 10. Commitment 10 11 fulfilment 9 9. Clients instructions 7. Finishes 7 6. Construction 6 processes

Staff Costs (million euro)

Sector 1,314.2 1,347.3 Incidence Index 10,854 Seopan

15.96 18.52

21.02

19.10 23.91

FCC CO

Subcontracts

FCC CO + Subcontracts

10%

8.45

5%

MEDIUM-TERM OPPORTUNITIES

1.5

8. Subcontractors & partners 3. Quality plan 2. Organisation and cleanliness 8 3 4. Environment 24

2.5 3

5. Health and safety 5

3.5 FACTORS TO BE MAINTAINED

8,980 5,274 5,274 2009 2010 3,197 3,679 3,865

4,669

Attribute score (1 Poor - 4 Very Good)

3,625

4,296

The attributes have been arranged in the different quadrants as indicated by the results of the surveys for 2010. The separating axes are set at the attribute score of 3.47 and the attribute importance of 8.45%.

Presence of Women
35.7% Sector 33.04% Severity Index 15.5% 1.35 1.39 0.77 0.77 0.45 2009 % of total staff who are women 2010 Sector % of total engineers, technicians and clerical staff who are women Seopan FCC CO Subcontracts FCC CO + Subcontracts 0.77 0.34 0.52 0.38 Seopan FCC CO Subcontracts FCC CO+ Subcontracts

Leading Events in 2010

A standard quality plan for projects was developed for universal application, pursuant to UNE-ISO 10005:2005, Quality management systems -- Guidelines for quality plans Overall client satisfaction was found to have increased since the year before, scoring 3.7 out of 4 in 2010 An overwhelming 98.4% of scores given by clients were Good or Very Good
14.6%

0.62

CARING FOR THE ENVIRONMENT

Good Practices
GENERAL INFORMATION Average number of Good Practices applicable per site Average number of Good Practices applied per site Good Practices applied over Good Practices Building 23 20 87% Civil Engineering Works 27 24 89% Total (average)

CARING FOR THE COMMUNITY

Greenhouse Gas Emissions: Direct, Indirect and Avoided (tons of CO2)
120,328 25 22 88% 31,882 8,284 Direct emissions (Transport, earthwork) Indirect emissions (Electricity consumption) Emissions avoided

Leading Events in 2010

Ethics
One hundred percent of the employees of FCC Construccin have taken an on-line training course on the Code of Ethics

Leading Events in 2010

Percentage of sites that comply with the good practice application points required by the company: 96.6%

Equality Plan
Under way since November 2008, the first equality plan in the sector. Some of the most-important developments in 2010 involved changes in job applications and training activities, which took the shape of four training modules: the Code of Ethics, training in harassment prevention and equality, communication and the creation of tracking committees that set up yearly reviews to assess the scope of measures and plan the strategy for the following year

Amount of Waste Created by FCC Construccin* (Anticipated Amount/Actual Amount)

WASTE CREATED Urban waste (kg) Hazardous waste (kg) Empty packages (kg) Used oils (kg) Solid hazardous waste (kg) Liquid hazardous waste (kg) Non-hazardous waste (kg) Inert landfill waste (m3) Other non-hazardous waste (kg) Amount Anticipated in 2010 990,563 296,077 59,658 29,064 186,389 20,966 6,532,668,242 6,506,093 26,575,242 Actual Amount in 2010 3,786,592 2,489,870 53,472 82,775 2,234,956 118,667 7,805,409,785 7,705,088 100,321,785 Restoring disturbed spaces Protecting sensitive areas 32.3 35.6 25.0

Protective Measures Implemented at Worksites. Restoring disturbed spaces and protecting sensitive areas (hectares)
44.3 2009 2010

Dialogue and Information Transparency

makes corporate information available to all stakeholders on the web. It has a section where any user can contact the company. The web sites design and contents were recently renovated for easier browsing and access in accordance with the Double-A level of W3Cs web accessibility guidelines, version 1.0. During the course of 2010 111 news items were posted (an average of one every three days), and the site received 118,422 hits (an average of 325 hits per day), while a great many PDF-format texts and specialised technical reports were made available. The web sites of these subsidiaries and investee companies were renovated: BBR: www.bbrpte.es MATINSA: www.matinsa.es FCC Construccin Mxico: www.fccco.mx Ramahlo Rosa Cobetar: www.rrc.pt Prefabricados DELTA:www.prefabricadosdelta.es FCC Industrial: www.fccindustrial.es Servi Cant: www.serviacanto.es PROSER: www.proser.es

www.fccco.es

*Data not comparable to the data from 2009, because the accounting system has been modified and non-mobile centres have been included as well.

Integration
The Family Plan, run in cooperation with the Adecco Foundation, for the occupational integration of disabled relatives of employees A new agreement with the Ministry of Health, Social Policy and Equality for the integration of women victims of gender violence An agreement with the ONCE Foundation that calls for 150 disabled persons to enter the firms workforce over the next three years

Materials Recycled/Used by FCC Construccin*

RECYCLED MATERIALS Surplus soil or rock Shipped to landfills (m3) Used at the same site (allocation/excavation/fill) (m3) Used from other sites (m3) Used at other sites (m3) Obtained on purpose (borrow pits)(m3) Total excavation Total fill (m3) Clean rubble (concrete, mortar, bricks, precast concrete, other) Shipped to landfills (m3) Used at the same site (m3) Used from other sites (m3) Used at other sites (m3) 781,321 38,108 15,696 3,633 54,250 355,475 31,854 6,679 2,037 50,736 (m3) 7,469,044 9,962,846 433,392 746,923 4,925,582 22,934,914 16,574,985 7,374,035 6,755,577 357,014 2,271,333 3,692,463 17,915,651 82,630,597 Amount Anticipated in 2010 Actual Amount in 2010

Leading Events in 2010

The number of hours of environmental training taken by technicians, site managers and foremen at FCC Construccin in 2010 was 2,430 hours fewer than the year before. This was due largely to the decline in the number of employees hired in the last year, since courses of this sort related with sustainable building and the environment are given to the new members of staff FCC Construccin coordinated RDI projects addressing environmental issues, such as CLEAM and ARFRISOL During 2010 a protocol for measuring greenhouse gases was introduced, in line with the internationally consolidated guidelines given in ISO 14064, the GHG Protocol put together by the WRI and the WBCSD and the ENCORD protocol for measuring CO2 in construction In the last fiscal year, the CACUMEN and DISCON software applications were adapted to enable environmental data and site indicators to be reported on line, so as to be available on a centralised basis in real time

Shipped to energy recovery facility (m3)

*Data not comparable to the data from 2009, because the accounting system has been modified and non-mobile centres have been included as well.

Development of the Main Indicators

ECONOMIC AREA Turnover (million euro)** Turnover abroad (million euro)** CREATION OF VALUE Investment in machinery* (million euro)** Investment in RDI (million euro) CARING FOR PEOPLE Employees** Women Hours of training People trained Expenditure on training (miles euro) Hours of occupational risk prevention training Incidence index Frequency index Severity index Client satisfaction (score out of 4) CARING FOR THE ENVIRONMENT Activity certified under UNE-EN ISO 14001: 2004** % of sites that plan and apply good practices % of sites that comply with the good practice application points required by the company Water recycled, reused Restoration of areas disturbed by projects CARING FOR THE COMMUNITY Money earmarked for social investment (million euro) Website hits No. of forums, seminars in which the company participated Creation of local wealth (% local procurement)
* Not including investments in machinery made by joint ventures ** FCC Construccin Groups perimeter

2009
7,201 3,816

2010
6,694 3,672

Development

109 6.74

83 5.73

28,373 14.6% 146,386 10,041 4,320 40,236 3,197 15.96 0.45 3.59

26,960 15.5% 167,339 13,609 3,576 42,358 3,679 18.52 0.77 3.70

78.20% 100% (Spain) 100% 97.73% 20,810 m3 32.30 ha

78.20% 100% (Spain) 100% 96.60% 46,248 m3 35.60 ha

1.0 100,000 71 68.60%

0.3 118,000 72 68.12%

C/ Balmes, 36 Barcelona 08007 Tel.: +34 93 496 49 00 Fax: +34 93 487 97 92

www.fccco.es

Av. General Pern, 36 Madrid 28020 Tel.: +34 91 514 10 00 Fax: +34 91 514 10 12