Abantia is an international engineering group that provides solutions through diversification in facilities, energy, mechanical assembly, maintenance and construction. In 2012, Abantia saw consolidated sales of €282 million, with international sales making up 26% of total sales. Abantia operates in multiple countries and sectors such as healthcare, energy, infrastructure, and industry. While profitability decreased in 2012 due to increased competition and risks in new markets, Abantia focused on growing its international business and implementing cost savings measures.

1. Report 2012

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INDEX
Presentation
Highlights
International Presence
Activity Areas
Facilities and Systems
- Electrical and mechanical installations
- High voltage
- Climate and industrial refrigeration
- Safety and control systems
- Audiovisual and telecommunications systems
Industrial Assembly
- Industrial assembly
- Engineering and gas
Operation and Maintenance
- Multitechnical / multidisciplinary maintenance
- Facility management
- Renewables & Environment Operation and Maintenance
Promotion and Integrated Projects
- Photovoltaic projects
- EPC project
- Manufacturing lines automation projects
Governing bodies
Shareholding Structure
Board of Directors
Organizational Management
Resources
Financial
Audit Report
Balance
Income Statement
Offices and Delegations

3. Report 2012
03
Abantia has continued to grow in 2012, reaching a
consolidated turnover of 283 million euros, representing
a 6.8% growth compared to 2011 after deducting
the activities in Poland that have been discontinued.
Disregarding this effect, the growth was 1.3%.
As for the profit before taxes this has been of 5.9 million
euros, representing a decrease of 23% compared to 2011.
These results have been possible thanks to the growth in the
number of international business that has been of a 20% to
exceed 72 million euros, which represents 26% of the total.
In 2012 we ceased activity in Poland and Abu Dhabi, as
we have implemented in Peru, where we gained contracts
in the Oil & Gas sector and mining in Chile, where we are
positioning solar plants, as well as in Colombia. We have
also contracted a hospital in Haiti managed by UNOPS and
funded through Canadian funds.
We continue to operate in Central America where we
automate factories for the private sector and we are
building two hospitals financed by the IDB. In Mexico our
subsidiary DCSM, with over 25 years of history, continues
to grow and has hired more than 28 million euros in the
year. We also remain in France through our subsidiary
T-Cuento and in Qatar through Abantia Tempo.
As for human resources workforce there were 2,022 people
at the end of 2012, 12.5% less than in 2011. We have also
implemented later this year an overheads saving plan to
allow us to reduce this issue by 15% in 2013. All of this in
order to try to regain lost profitability.
Also, to highlight the implementation of the CSP plant,
hybridized with biomass “Termosolar Borges” in the
province of Lleida. This plant of 25 MW is highly innovative
as it is the first of its kind in the world. Unfortunately, the
legislation governing the income of such plants has been
changed retroactively, compromising the internal rate of
return on this investment in which Abantia has a 47.5%
stake.
In summary, 2012 was a year of ups and downs largely
influenced by the difficult environment in which we
operate. Ups in international growth and reducing costs,
and downs in profitability by decreasing conditioned
by increased competition in Spain, the learning process
in other countries involves greater risk and retroactive
government action against renewables.
PRESENTATION
Francisco Boada

4. Report 2012
04
Abantia is an international applied engineering group, which since 1944,
provides global solutions through diversification of their different business
areas: facilities, energy, mechanical assembly, maintenance and construction
of turnkey projects.
The group, which closed 2012 with a net turnover of 282 million euros, is
committed to international expansion, from which it derives 26% of its
total turnover.
17% of the 2,022 workers who make up the staff of Abantia are found
in different countries where the group is present: Mexico, Guatemala, El
Salvador, Peru, Chile, Haiti, Colombia, Qatar, United Kingdom, Italy and
France.
Data Processing Center MV-3 in Doha, Qatar.
HIGHLIGHTS
Abantia provides global solutions
with an international vocation

5. Report 2012
05
HIGHLIGHTS
Consolidated
Sales Ebitda EBT
20082009201020112012
294.375
253.423
246.290
264.861
282.867
14.051
12.047
10.380
14.446
13.719
7.662
6.449
4.306
8.697
5.920
Added Sales Distribution
Energy, Oil & Gas
Tertiary Industry
Healthcare
Infrastructure
3%36%
29%
18%
12%
International
26%
Specialties Geographic area
Spain
74%
Data in thousand euros

6. Report 2012
06
INTERNATIONAL PRESENCE
Continuing operations centersHEAD OFFICES Delegations
1.967 2.309
Colombia
Guatemala
El Salvador
Peru
Chile
Mexico DF
Veracruz
MEXICO
Contracts for Pemex
petroleum, for the Federal
Electricity Commission
of Mexico
and others
CHILE
Promoting solar
power plant of 58.5 MW
and other minor ones
HAITI
Construction
of a hospital funded
by UNOPS
PERU
Contracts for
building projects
in the oil & gas
industry and mining
GUATEMALA
Construction of
a hospital funded
by multilateral and
automation industries
EL SALVADOR
Construction of
a hospital funded
by multilateral
organizations
COLOMBIA
Contracts in
the food sector

7. Report 2012
07
MADRID
BARCELONA
Tarragona
Palma de
Mallorca
Castellón
Valencia
Alicante
Cartagena
Algeciras
Málaga
Huelva
Sevilla
Granada
Mérida
Valladolid
Vitoria
Bilbao
Santiago de
Compostela
Oviedo
Zaragoza
LleidaVigo
Puertollano
Santa Cruz
de Tenerife
Las Palmas
de Gran Canaria
UNITED KINGDOM
Contract with
ThyssenKrupp to solve
electrical work for
the new model
BMW Mini
ITALIA
Photovoltaic
solar plants
GUATEMALA
Design, development and supply of software and
Control System Tables plant production of
electrical energy, ESI property.
MEXICO
Control System Development and assistance to
the commissioning of the steam boilers in the
process of obtaining electricity from sugar and
Panuco Ingenio.
Development of detailed engineering, equipment
supply and construction of several separation
batteries for oil & gas production in different areas
of ATG Active in northern Veracruz state.
Design, supply and construction of various
elements to modernize the Angostura field oil
production and the optimization of the separation
plant Matapionche crude.
Engineering support in the Laguna Verde nuclear
power plant for a period of three years.
NICARAGUA
Control system development including tables and
software for the juice processing sugar extraction
process in the Monte Rosa Ingenio.
QATAR
Electromechanical facilities on a data processing
center for Qatar Foundation through the venture
junction Abantia-Harinsa.
Electromechanical Installations in two private
palaces for Khayyat Contracting and Trading.
Design and construction of electromechanical
installations in an office building and annex
buildings in the New Port of Doha, for Qatar
Specialized Engineering and Contracting.
OTHER INTERNATIONAL
PROJECTS IN PROGRESS
QATAR
Construction of
two data
processing centers
ALGERIA
Agreement
with local partner
OMAN
Audiovisual System
theater readings
in the engineering
building at the
University Campus
of Sohar
FRANCE
Projects like Brico Dépôt,
4 murs, KRYS, etc.,
Through T-Cuento
delegation in Paris
INTERNATIONAL PRESENCE

8. 08
ACTIVITY AREAS
FACILITIES AND SYSTEMS
Electrical and mechanical installations
In the chemical and pharmaceutical industry, Abantia
has been awarded the second and third phases of
the remodeling and expansion of the plant that the
pharmaceutical company Ferrer International has in
Sant Cugat (Barcelona).
Electrical and special installations in the new service
center in Pinto (Madrid) of the leader in the steel
industry Acerinox.
Renovation of Gràcia station of the Generalitat
de Catalunya railways for the public entity
Infrastructures de la Generalitat de Catalunya S.A.U.,
awarded to Estacio de Gràcia joint venture. The
project consists of the implementation of the civil
works and electrical and special installations.
In the hospital sector, Abantia has been awarded, in
consortium with Construcciones Cots y Claret, the
building of the Gonaïves La Providence Hospital
in Haiti. The project is funded by the Canadian
International Development Agency through
UNOPS (United Nations Office for Project Services)
and includes all construction work and external
management of the hospital complex, which will
have 200 beds and a total surface area of 10,380 m2
.
Building and equipment of the National Maternity
Hospital in San Salvador. The center, funded by the
Central American Bank for Economic Integration
(CABEI) is designed as a gyno-obstetrical complex
in which will be distributed 38 outpatient doctor’s
offices, 8 emergency rooms, 10 operating rooms,
391 inpatient beds and 15 cots for newborns, in a
total of 3.500 m2
.
In Guatemala, Abantia builds, in partnership with
local construction COCISA, a hospital in the town
of Villanueva, depending on the Ministry of Health
of this country with funding from IDB (Inter-
American Development Bank). The group is also
responsible for the facilities of this hospital with 120
beds, emergency services, surgical unit, radiology,
physiotherapy, maternity services, obstetrics, ICU
pediatrics and adult ICU, day hospital, laboratories,
outpatient, etc.
In Spain, Abantia has begun the second phase of
the installation work in the teaching building of the
Hospital del Mar in Barcelona. Made by the joint
venture Abantia-VOPI4 for Consorci Parc de Salut
Mar.
The Private Foundation Althaia, Xarxa Assistencial
Universitaria de Manresa, awarded the Nova Bages
Sanitària joint venture, in which Abantia takes part,
the execution of Phase II works of the Hospital Sant
Joan de Déu de Manresa expansion. The project is
designed for a total of 422 beds. This new hospital
will have 14 operating theaters, 3 maternity wards,
40 emergency boxes and a total of 18,000 m2
.
For the hotel industry, electrical, mechanical and
special tasks have been performed for Hotel Royal
located in Paseo de Gracia, Barcelona.
Also, we have carried out the electromechanical
installations in a single family residence of
approximately 5,000 m2
of floor area. The project
was contracted by Khayyat Contracting and Trading
in Doha, Qatar.

9. Report 2012
09
FACILITIES AND SYSTEMS
Abantia has a department specialized in high voltage
installations and electrical substations.
With regard to electrical substations, turnkey projects
are being done as Lersa new substation (Ripoll Power
Lines) of 132 kV with an installed capacity of 2x30
MVA and Distribution Center at 20 kV of it. The project
is nearing completion.
Building for Casa Tarradellas of a 110/25 Kv substation
to supply its factories in Gurb. This project includes
High voltage
a 110kv shielded park, fed from Osona substation by
two 110kv cables with two outputs to AT of 110/25kv
transformer, and of 25kV shielded park.
Processing facilities and distribution centers for the
mining company Iberpotash, such as the replacement
of high-voltage cells in Cabanases well.
Gràcia station of Generalitat de Catalunya railways in Barcelona.
Building of La Providence Gonaïves Hospital
in Haiti, funded by UNOPS.
Hotel Royal, Paseo de Gracia, Barcelona.

10. Report 2012
10
FACILITIES AND SYSTEMS
Climate and industrial refrigeration
24 hour maintenance for Miquel Alimentació.
Carrefour, for its center in Sants in Barcelona, has
relied on Abantia its first installation in Spain that
uses Co2 Gas for freezing. The results represent a
15% reduction in energy costs regarding conventional
systems, as well as the use of an organic gas with no
impact on global warming = O GWP (Global Warming
Impact).
The reform and improvement of air-conditioning in
the five star Spa Hotel Majestic is, in the hotel sector,
a project for which we also supplied a heat recovery
system water cooled (VRV).
In the industrial sector, for CABYCAL, specialized
in production processes of surfaces treatment and
painting, Abantia has installed contribution groups
and air treatment for the new Ferroplast paint line
in Vigo.
In the field of commercial distribution facilities,
implementing six Bon Preu stores, in addition to
the provision of 24 hour maintenance service for 40
percent of its existing fleet of stores.
For Condis brand, Abantia has done the first
installation in Spain of its new store concept, Condis
Life, specialized in fresh products sale.
Renovation of air conditioning facilities in Spa Hotel Majestic.
Installation of the first CO2 gas
freezing system for Carrefour in Spain.
Building and equipment
of Villanueva Hospital in Guatemala.

11. Report 2012
11
FACILITIES AND SYSTEMS
Implementation of detection systems and fire
extinguishing of Manresa Hospital, a project
developed by Nova Bages Sanitària joint venture, in
which Abantia participates.
Provision of an automatic extinguishing fire system in
SORPA FINANCE SL warehouse storage.
In the gas and energy sector, for Costa Sur power
(Guatemala), Abantia has implemented a system
of control and security. For Enagás Barcelona plant,
Safety and control systems
regasification fire systems, control and power have
been expanded.
Centralized control of Palau Sant Jordi facilities, the
Olympic facility most used in Barcelona that welcomes
all kinds of sporting events, concerts and shows with
an average capacity of about 18,000 spectators.
Running of control, electrical and mechanical facilities
of Carmel-La Clota rainwater tank for Barcelona City
Hall. A project in joint venture with ACSA.
Manresa Hospital.
Installing the Communications System in the outpatient
building at Sant Joan de Déu Hospital, in Esplugues de
Llobregat, Spain.
Supply and installation of an audiovisual system for
Lecture Theatre Hall located in engineering building of
Sohar University in Oman.
In the area of communications, in partnership with
Harinsa Contracting and for Qatar Foundation as final
client, the group has performed the electromechanical
installations of two Data Processing Centers, MV-2 and
MV-3. The work has included the installation of water
cooling system, water supply and drainage above and
below ground, ventilation systems, supply of ventilation
work and smoke evacuation for DRUPS system (Diesel
rotary uninterruptible power supply), PDUs (Power
Distribution Units) and Battery panels supply.
Audiovisual and telecommunications systems

12. 12
ACTIVITY AREAS
INDUSTRIAL ASSEMBLY
Industrial Assembly
Implementation in 2012 in countries like Peru,
Colombia and Chile, as well as in North Africa, through
both subsidiaries in Algeria and Morocco.
Creating two specialized divisions in General
Shutdowns and in Manufacture and Repair of Tanks.
The latter is an activity that is being developed in
historical way, it is faced with a specialization and
dotation of reinforced sources.
Completion of two projects in the oil sector for Pemex.
The first contract involves the development of detailed
engineering, equipment supply and construction of
several units of oil and gas in different areas of the
Gulf tertiary oil asset, north of the state of Veracruz in
Mexico. The second award is for a contract to design,
supply and construct various elements to modernize
the Angostura field oil production and the optimization
of the crude separation plant in Matapionche, both
works located within Activo Integral Veracruz.
Perform of a general shutdown of BP Oil’s refinery
in Castellon and participation in the project for the
construction of new loading dock.
Perform of the general shutdown of the Almeria
thermal power plant for Endesa Generación.
For Asfaltos Españoles it has been performed the
replacement of one of the oil transfer lines of the
pontoon.
Completion of the work corresponding to Jasmine
project for Dragados Offshore in the North Sea, UK,
where there has been mounting and prefabrication of
Heavy Wall Duplex pipes.
For Cepsa, the company has performed several
installations in their Algeciras and Palos sites, such
as the fuel change adaptation work of one of their
furnaces.
Installation of fire protection in the Vopak storage
park in Algeciras for Chemtrol.
Within the Energy sector the main work was carried
out within the thermosolar background, as the
installation of the solar field of Villena thermosolar
pant for Sener, assembly of the Solar Field of
Arenales solar thermal power plant for Siemens, and
BOP mechanical assembly of the power island for OHL
Industrial in the same plant.
Creating an intervention group specialized in repairing
operations at HFT facilities, such as the change of the
absorber tubes.
The construction work of Borges thermosolar plant
has been completed with the participation in the
Promotion and EPC, addressing the assembly work.
In the waste treatment plants field, repairing
performance both in scheduled stops and emergency
interventions in pressure parts and the rest of
installations. Sirusa, Tersa or UTE Tem are some
reference customers.
Making of a new refrigerant -heat exchanger- in
Almeria Thermal Power Plant for Endesa Generación.
Participation in the work of dismantling former Besós
Power Plant.

13. Report 2012
13
INDUSTRIAL ASSEMBLY
Support work to dismantle Aceca thermal power
plant, operated by Iberdrola. Abantia offers
dismantling and decommissioning services when the
plant life comes to an end.
In the field of metallurgical enterprises we are still
serving in Algeciras Acerinox facilities and Atlantic
Copper’s in Huelva, where Abantia has done the
supplying of various equipment and facilities. Work
support is being performed for Celsa at their plant
shutdowns.
For the chemical industry, installation of the new
Maleico tanks for Ashland Chemical in Benicarló,
continued work in BASF and works related to
Solvay shutdown at its plant in Martorell.
This year we have begun the construction of tanks
bases for the expanding of La Pampilla Refinery
(Peru) for Repsol. We also have participate in the
installation of a new painting train for Geico, at the
Renault plant in Tangier (Morocco) and we have
performed the Inerco installation assembly for
controlling the thermal combustion in Termozipa
Termal Power plant (Colombia).
Facilities for Jasmine project for Dragados Offshore.
Production and optimization of oil separation plant
for Pemex in Matapionche (Mexico).
Details of the fuel change
adaptation for Cepsa oven.

14. Report 2012
14
INDUSTRIAL ASSEMBLY
LNG plant in the African Solar Thermal Almodovar del Rio, Cordoba.
Gas has been completed, in its activities for the
improvement in the control of CO2
emissions.
For Endesa Energy we have done several projects
for the expansion of its customer network:
New storage facility of 600 m3 of Liquefied
Natural Gas (LNG) for Alcoa in San Ciprian, IRGN
and burners assembling for Ence cogeneration in
Huelva or the ERM. Distribution lines for Cosentino
plant expansion in Almeria and the GNL plant of
Ortiz Energia in La Africana thermo solar plant in
Cordoba.
For Construccciones y Obras Llorente, Abantia
has made the ERM’s and the positions of Alagon-
Sobradiel pipeline. For Gas y Electricidad
Generación, adaptation to gas of Ibiza thermal
power plant of engines 19 and 20.
Work has been continued on the development
of Skid Units, settings that help appraise costs
for projects and deadlines. An example of this
line is the provision of an exchanger for Futila
Combined Cycle (Angola) made for Isolux, or the
Engineering and Construction of Gas Heaters for
Salamanca cogeneration (Mexico), made for Iberdrola
Engineering and Construction.
In Mexico, Abantia has the support contract in
engineering services for the Laguna Verde Nuclear
Power Plant, property of CFE.
For Calidda there have been a number of projects in
Peru, like the ERM conducted for the ERP in Priale.
For Repsol the project to implement the overall
fuel switching in Puertollano refinery of Natural
Engineering and gas
Mounting detail of the plant Termosolar de Borges.
Detail of gas for Pemex in Mexico.

15. 15
ACTIVITY AREAS
OPERATION AND MAINTENANCE
Multitechnical / multidisciplinary maintenance
Packaging lines in the logistics platform of Barcelona Port for Damm.
means of the engine workshop, warehouse
managing and auxiliary tasks services in the aircraft
check at the airport of Barajas (Madrid).
In the paper industry, we have performed electrical
maintenance of SAICA power plants in Zaragoza, as
well as electrical and instrumentation maintenance of
ENCE factory in Huelva.
For Atlantic Copper we perform maintenance of
its acid plant in Huelva factory and for Financiera y
Minera and Minas de Aguas Teñidas, we have carried
out maintenance work on the plants of Malaga and
Huelva, respectively.
For automotive industry we are performing
maintenance for Volvo Trucks in its truck factory
in Madrid, for Renault gearboxes production plant
in Seville and General Motors factory in Mataró.
Finally, note the maintenance services provided for
Peugeot-Citroën at its plants in Madrid.
Comprehensive maintenance in the food industry
for Europastry factories in Azuqueca de Henares
(Guadalajara), Vallmoll (Tarragona) and Rubi (Barcelona).
In the petrochemical industry, where we have
extensive experience, Abantia is performing
maintenance of BP Oil Refinery in Castellon, Dynamic
equipment maintenance in Repsol Cartagena refinery,
comprehensive maintenance of Repsol Technological
Centre in Móstoles and maintenance of Cepsa fire
defense network in Gibraltar refinery. We have
also carried out comprehensive maintenance and
warehouse management for Ferro Spain, as well asin
the bagging plant at Dow Chemical in Tarragona.
In the aviation industry, the airline Iberia has
awarded Ticsa Abantia the conversion into
tankers of AIRBUS A330 MRTT aircrafts. The task
of preparing the new hydraulic, pneumatic and
fuel that is required for this type of aircraft will
be also done. For this company, Abantia performs
a comprehensive maintenance of the production

16. Report 2012
16
OPERATION AND MAINTENANCE
Facility management
LAN MONITOR® center of Abantia.
parameters, alarms, incidents and 24 hour warnings,
365 days a year. This is a service that is managed
from Abantia Call Center, which centralizes all the
monitoring, control and management of the various
services.
Abantia is a pioneer in SAP applications with SAP
MOBILITY creation for their mobile equipment
management and optimization. This system, using
PDA’s, is used to manage and organize work orders
related to maintenance services. This application is
nominated by SAP, for the CIO 100 Awards.
In the factory which Velcro Europe has in Argentona,
Abantia manages Hard and Soft services with a
Facility Manager and executes the maintenance
services and the production of the general facilities,
office and facilities cleaning, security, gardening and
the treatment plant operating.
Corporative building management for tertiary sector .
Office complexes as Damm headquarters, Nutrexpa,
Seguros Caser, Sharp, Cornella WTC, health centers,
education centers, leisure parks like Port Aventura
and sports centers like Palau Sant Jordi or the
Olympic Stadium in Barcelona.
In the financial sector, Abantia has more than a
decade of experience working with Banc de Sabadell
and performing the management and maintenance
of its new building in Sant Cugat.
Operation and maintenance services for companies
like Fives Cinetic, Vanderlande or Solystic, which
have facilities throughout Spain.
Managementandmaintenanceoflogisticswarehouses
(Alfil) and their new packaging lines in Barcelona ZAL
for Damm beer company.
Abantia, from its Monitoring Center Facilities (LAN
MONITOR®) in Sant Boi de Llobregat, controlls
Maintenance of Data Processing Centers, including
different multitechnical specialties as air conditioning,
electrical, networks and communications for
institutions such as Instituto Municipal de Informática
de Barcelona (IMI), CESCA and Aena in El Prat airport
in Barcelona.
Service operation and maintenance of automated
production systems through Abantia-Siemens joint
venture for the Sociedad Estatal de Correos in more
than19mailprocessingcenters,includingclassification,
storage, distribution and production lines.

17. Report 2012
17
OPERATION AND MAINTENANCE
Renewables & Environment Operation and Maintenance
Tradillo Purifying company in Constanti (Tarragona).
Enagás facilities in the port of Barcelona,
where Abantia improved fire systems.
Operation and maintenance in Sava slurry treatment
plant (Miralcamp, Lleida).
Internationally, Abantia manages the operation
and maintenance of photovoltaic plants in Italy
(Constantini, Oviglio).
In Spain, the operation and maintenance of many
projects in the renewable energy sector are
performed, such as Borges Thermo solar plant,
Guzman thermo solar plant in Palma del Río
(Córdoba), Siemens-Sacyr Soleval thermo solar
plant (Lebrija) and on solar farms like in Espejo
(Córdoba) or Campillos (Málaga). HTF systems
maintenance has also been performed in Olivenza
for Acciona Energía.
Comprehensive contracts in the combined cycles of
Nueva Generadora del Sur (Algeciras), Gas Natural
Fenosa (Barcelona port), Iberdrola in Aceca, Castejón
and Castellón. Maintenance works of Puertollano
Power Plant for EON and for Sirusa as well as the
maintenance of its incinerator in Martorell.
In slurry treatment plants with associated cogeneration
live in SAVA (Miralcamp, Lleida), industrial wastewater
treatment companies like Tradilo (Tarragona), Amgat
Citrus (Murcia), El Pozo (Cartagena), Aceites del
Mediterráneo (Cartagena) and Enagás, where we
perform monitoring, control, reuse and technical
assistance. In Butarque and Boremer sludge drying
plants operation and maintenance work is carried out.
For Enagás, we are conducting the surveillance of the
gas pipeline network, and civil emergencies.
For the public sector, Abantia participates in the
operation and maintenance of classification systems
and waste treatment in Ecoparc (Barcelona).

18. 18
ACTIVITY AREAS
PROMOTION AND
INTEGRATED PROJECTS
Photovoltaic projects
Abantia group is developing three contiguous
photovoltaic projects in Chile of 21 MW, 7.5 MW
and 30 MW in the province of Huasco, in the
Atacama region, with a total investment for
implementation of about 120 million dollars.
The group also analyzes in this country the viability
of other solar projects, both photovoltaic and
thermo solar.
In Central America we analyze the viability of solar
projects and improving energy efficiency in power
generation.
EPC project
In Spain Abantia group has completed the
construction and commissioning of Guzman thermo
solar plant, thermo solar power plant of 50 MW
located in Palma del Río (Córdoba), officially opened
in October.
At the end of the year we completed the testing
phase of synchronization of power generation
turbine and Borges thermo solar plant, located in Les
Borges Blanques, Lleida has been connected to the
mains. With 22.5 MW and with the uniqueness to be
the first thermo solar plant in the world hybridized
with biomass. The great interest shown in this
technological development has allowed this plant
to be presented in various forums internationally
recognized in Spain, India, USA and Kuwait.
Details of the 3,000 solar panels
of theTermosolar Borges plant in Lleida.

19. Report 2012
19
PROMOTION AND INTEGRATED PROJECTS
The group’s international expansion in EPC projects
follows the course started some years ago, being
the priority geographic areas, Mexico, Central
America, South America (Chile, Peru and Brazil) and
the Caribbean, where thanks to the knowledge and
experience of Abantia in different technologies, we
have developed projects in the energy sector. Still, we
must not forget the projects that are being developed
in other continents like Africa (South Africa), Asia
(India, Sri Lanka, Kuwait) or Australia.
In this sense, the experience gained over the projects
in which Abantia participated, as prime contractor or
consortium member with international technology
experts, can offer the technical and economical
solution best suited to each project and client.
Automation of industrial processes in sectors such
as food or automotive industry. A clear example of
this activity is the project that is being developed for
Thyssen Krupp System Engineering, consisting of
a solution to the electrical work of the new model
of BMW Mini, associated to TKSE responsibility as
integral constructor of Radhaus, Stirnwand and
Vorbau lines (pitch wheel, dashboard and front
flat). The design and construction work carried out
Manufacturing lines automation projects
in the industrial center of Abantia in Sant Boi de
Llobregat. Subsequently, field installation, technical
work adjustment, optimization, implementation and
support, are developed in Oxford plant, UK, with staff
moved to the destination.
Installing biomass of the Termosolar Borges.

20. Report 2012
20
Shareholding Structure
Board of Directors
MONITORING COMMITTEE
Chairman: Francisco Boada
Non-executive directors: Joan Gummà
Maragall,Claudio Boada and Antonio
González-Adalid
AUDIT COMMITTEE
Chairman: Joaquim Coello
Non-executive directors: Joan Sanfeliu and
Claudio Boada
APPOINTMENTS AND REMUNERATION
Chairman: Aurora Catá
Non-executive directors: Eulalia Boada and
Miguel Tey
Claudio Boada (Clabesa, S.L.) Chairman
Francisco Boada (Abantia Empresarial, S.L.) Non-executive director
Cristian Gaju Non-executive director
Antonio García Mateo Non-executive director
Emilio Novela (NR Lynch, S.L.) Non-executive director
José Luis Sáenz de Miera Non-executive director
Ignacio Albiñana Non-member Secretary
ABANTIA TICSA (Advisory council)
Joan Gummà Bargés Honorary Chairman
Francisco Boada Chairman Proprietary
Joan Gummà Maragall Vice President Proprietary
Claudio Boada (Clabesa, S.L.) Non-executive director Proprietary
Eulalia Boada Non-executive director Proprietary
Aurora Catá Non-executive director Independent
Joaquim Coello Non-executive director Independent
Antonio González-Adalid Non-executive director Independent
Joan Sanfeliu Non-executive director Proprietary
Miguel Tey (Sigma Partners, S.L.) Non-executive director Proprietary
Ignacio Albiñana Non-member Secretary
ABANTIA
Josep Peidro Chairman
Álvaro Angulo Non-executive director
Cristian Gaju Non-executive director
Alfred Nieto Non-member Secretary
ABANTIA T-CUENTO
Claudio Boada (Abantia Ticsa, S.A.U.) Chairman
Agustín Ferrer Non-executive director
Cristian Gaju Non-executive director
Jesús García Non-executive director
Enric Vallbona Non-executive director
Ricard Puig Non-member Secretary
ABANTIA DENION
47,86%
Sigma Partners, S.L.
47,86%
2,19% 2,09%
Napecla de Inversiones, S.L.
Cofema Investments, S.L. Francesc Navarro
GOVERNING BODIES

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21
Organizational Management
GOVERNING BODIES
CHEF EXECUTIVE (CEO)
Francisco Boada
VICE-PRESIDENT
Joan Gummà
MANAGING DIRECTOR
Cristian Gaju
LEGAL
Ricard Puig
MANAGEMENT
CONTROL
Tania Muñoz
RENEWABLE
PROMOTIONS
Luis Boada
TICSA
Jesús García
QATAR-PERSIAN GULF
Eduardo de
la Sotilla
HUMAN
RESOURCES
Luis Cornide
FACILITIES
Josep Peidro
MAINTENANCE
Josep Oliva
CSC
Francesc Augé
PURCHASES
Albert Pastor
EPC
Xavier Ochoa
FACILITIES
Jordi Montes
SYSTEMS &
TELECOM
Eduard Xuclà
SALES
Àngel Miquel
Valls
INTERNATIONAL
DEVELOPMENT
Pablo Ruiz
SECURITY
Carlos Sorribas
PERÚ
Cristóbal
Ruiz
Spain Corporate Headquarters International Headquarters
DENION
Enric Vallbona
T-CUENTO
Álvaro Angulo
CHILE
Carmen
Lauder
COLOMBIA
Francesc
Palazón
CENTRAL
AMERICA
Josep Golet
DF
Carlos Pérez
Veracruz
R. Delgado
MEXICO ARGELIA
Marc
Bertrán

22. Report 2012
22
RESOURCES
Abantia group’s headquarters in Barcelona.
Humans resources
Spain
291
Managers
and graduates
1.396
Technical,
specialists and
administrative
+ = 1.687
Other countries
168
Managers
and graduates
167
Technical,
specialists and
administrative
+ = 335
Total group
459
Managers
and graduates
1.563
Technical,
specialists and
administrative
+ = 2.022
(data to December 31, 2012)
Equipment
Offices
7.074,32 m2
Storages and workshops
26.785,31 m2

23. Report 2012
23
Audit report

24. Report 2012
24
BALANCE
ABANTIA EMPRESARIAL, S.L. AND SUBSIDIARIES
Consolidated balance sheet al December 31st (expressed in thousands of euros)
ASSETS 2012 2011
NON-CURRENT ASSETS 54.164 47.767
Intangible assets 825 1.393
Tangible assets 5.881 4.719
Land and buildings 389 1.074
Plant and other tangible fixed assets 3.623 3.537
Construction in progress and advances 1.869 108
Investment in group and associated long-term 34.976 30.571
Credit equity method 11.407 6.958
Loans to group and associated companies 23.569 23.613
Long-term financial investments 1.750 1.805
Deferred tax assets 1.709 1.179
Goodwill of consolidated companies 9.023 8.100
CURRENT ASSETS 129.576 186.672
Non-current assets held for sale 7.533 2.262
Stocks 1.611 6.340
Trade and other receivables 101.159 113.137
Clients for sales and services 87.736 102.332
Group clients and associated companies 7.648 6.676
Other debtors 1.791 2.129
Other government loans 3.984 2.000
Investment in group companies and associated short-term 5.445 34.358
Loans to group and associated companies 4.040 33.676
Other financial assets 1.405 682
Short-term financial investments 827 9.389
Short-term periodization 3.409 2.516
Cash and cash equivalents 9.592 18.670
TOTAL ASSETS 183.740 234.439
LIABILITIES 2012 2011
EQUITY 33.618 36.268
OWN FOUNDS 36.528 37.120
Capital 13.045 13.045
Reserves and profit from previous years 16.962 18.644
Reserves on consolidated companies 5.518 939
Reserves at equity method 444 724
Profit for the year attributable to the partnership company 559 3.768
VALUE CHANGE ADJUSTMENTS (2.986) (1.523)
GRANTS, DONATIONS AND BEQUESTS RECEIVED - 36
EXTERNAL PARTNERS 76 635
NON-CURRENT LIABILITIES 21.215 25.790
Long-term provisions 7.054 3.104
Long-term liabilities 14.052 23.135
Amounts owned to credit institutions 10.840 19.909
Finance lease creditors - 0
Derivatives 40 53
Other financial liabilities 3.172 3.173
Payable to group and associated companies - 0
Deferred tax liabilities 109 (449)
CURRENT LIABILITIES 128.907 172.381
Short-term provisions 571 7.412
Short-term debt 49.254 50.541
Amounts owned to credit institutions 45.181 50.480
Finance lease creditors - 0
Other financial liabilities 4.073 61
Trade and other payables 78.722 114.143
Suppliers 56.938 83.394
Group suppliers and partnership companies 442 313
Various trade creditors 5.356 4.008
Staff 2.905 4.842
Liabilities to public administrations 5.924 10.207
Customer advances 7.157 11.379
Short-term periodization 360 285
TOTAL LIABILITIES 183.740 234.439

25. Report 2012
25
CONTINUING OPERATIONS 2012 2011
Net turnover 282.867 264.861
Sales 282.867 264.861
Works performed by the company for its assets 3 (7)
Supplies (152.031) (137.873)
Goods consumption (72.624) (57.427)
Works performed by other companies (79.407) (80.446)
Other operating income 391 284
Staff costs (92.621) (90.429)
Wages and salaries (73.585) (72.986)
Social charges (19.036) (17.443)
Supplies - -
Other operating expenses (24.886) (22.996)
Outside services (20.927) (19.006)
Taxes (577) (258)
Loss, deterioration and variation allowances for trade (3.382) (3.718)
Other operating expenses - (14)
Immobilized charge-off (1.458) (1.481)
Allocation of grants and other non-financial assets - -
Impairment losses and disposal of fixed assets (2.174) (307)
Overprovision 95 654
Other results (165) (48)
OPERATING INCOME 10.021 12.658
Financial income 3.432 1.043
Group companies and associated companies - 5
Securities and other financial instruments 3.432 1.038
Group companies and associated companies 2.831 521
Third 601 527
Financial expenses (7.576) (4.808)
Debts from group companies and associates 232 485
Debts to third (7.808) (5.293)
On updating provisions - -
Exchange differences (266) 232
Deterioration and result by disposal of financial instruments (7) (146)
Damages and losses (6) (71)
Results by disposal and other (1) (75)
Share of profit (loss) of the equity method investments 316 (282)
FINANCIAL RESULT (4.101) (3.961)
PROFIT BEFORE TAXES 5.920 8.697
Income tax (1.213) (2.416)
NET INCOME FROM CONTINUING OPERATIONS 4.707 6.281
NET INCOME FROM DISCONTINUED OPERATIONS (4.351) (2.377)
PROFIT 356 3.904
Profit attributable to the main company 559 3.768
Profit attributed to external partners (203) 136
INCOME STATEMENT
ABANTIA EMPRESARIAL, S.L. AND SUBSIDIARIES
Consolidated profit and loss account for the year ended December 31st (Expressed in thousands of euros)

26. Report 2012
26
BARCELONA - SANT BOI DE LLOBREGAT
CENTRAL GROUP – ABANTIA EMPRESARIAL
INDUSTRIAL CENTER
Astúries, 8-10, 08830 Sant Boi de Llobregat, Barcelona • tel. +34 935 521 400
Facilities • Security • Maintenance • Sun energy • Ticsa • Shared Services Centers (CSC)
MADRID
ABANTIA TICSA
ABANTIA SUN ENERGY
Castelló 23, 28001 Madrid • tel. +34 917 819 170
Facilities • Security • Systems & Telecom • Maintenance • Sun Energy
DELEGATIONS
Algeciras • Castellón • Cartagena • Huelva • Puertollano • Sevilla • Tarragona • Vigo
CONTINUING OPERATIONS CENTERS
Alicante • Bilbao • Granada • Mérida • Málaga • Las Palmas de Gran Canaria • Lleida • Oviedo • Palma de Mallorca • Santiago de Compostela • Tenerife •
Valencia • Valladolid • Vitoria • Zaragoza
DENION
Astúries, 8-10, 08830 Sant Boi de Llobregat, Barcelona • tel. + 34 934 741 144
ABANTIA T-CUENTO
Astúries, 8-10, 08830 Sant Boi de Llobregat, Barcelona • tel. +34 935 521 400
MEXICO
D.C.S.
Eucaliptos lote 5, Ciudad Bruno Pagliai. Polígono Framboyanes 91697 Veracruz • tel. +52 229 20 10 700
ABANTIA TICSA
Homero 136, Int. 102, Col. Chapultepec Morales • Del. Miguel Hidalgo • tel. +52(55) 5250 1375
MIDDLE AMERICA
Diagonal 6 12-42 zona 10 oficina 301 Torre II 3er nivel, Edificio Design Center • Guatemala
COLOMBIA
Calle 95 # 13-55 Oficina 310, Edificio Pavillon • Bogotá • tel. + 571 467 42 43
PERÚ
Av. Ricardo Elías Aparicio, 141, piso 4, oficina 2. La Molina • Lima • tel. +51 1 479 05 79
CHILE
Edificio Torre del Parque Arauco II Cerro Colorado 5240, piso 10 • Las Condes-Santiago • tel. +56 (2) 2 655 5135
QATAR
ABANTIA TEMPO
P.O. Box: 9165 Doha • tel. + 974 4451 55 59
OFFICES AND DELEGATIONS

27. © All rights reserved. No part of this publication may be reproduced, transmitted in any form or by any means, electronic or mechanical,
including photocopying, recording or any retrieval system of information storage, without written permission from the copyright holder.
© ABANTIA EMPRESARIAL, S.L.
Astúries, 8-10, 08830 Sant Boi de Llobregat, Barcelona
Leaders in commitment

28. Report 2012
www.abantia.com