Corporate Presentation

Duro Felguera is a service company which develops

large industrial projects for third parties as an

Engineering, Procurement and Construction (EPC)

contractor

May 2010

Who We Are

GEOGRAPHICAL LOCATION

Mining and steelworks Capital goods Turn-key contractor

1858 “Duro y Compañía” is set up

150 years of …

1905Company’s shares are listed on the Madrid Stock Exchange

1968Approach to erection activities

1970-1990

1997 International expansion and strengthening its activities in the capital goods area

Industrial business approach and strong growth

HISTORIC HIGHLIGHTS

Mining and steelworks Turn-key contractor

1900Founding of Sociedad Metalúrgica Duro Felguera

1966-1967UNINSA and HUNOSA absorb the iron and steel and coal mining activities of S.M. Duro Felguera, S.A.

1970-1990Organizational division by specialities

2001

The company’s name is changed to : Duro

Felguera, S.A.

ORGANIZATION CHART

Manufacturing

� Energy sector.� Energy sector.� Energy sector.

Large turnkey industrial projects

� Energy sector.

Services

OUR BUSINESS

� Assembly, operation and

maintenance of industrial

plants.

� Energy sector.

� Manufacturing of

capital goods.

A multidisciplinary engineering and specialized construction company, with the experience and expertise to provide

customized solutions

A multidisciplinary engineering and specialized construction company, with the experience and expertise to provide

customized solutions

� Energy sector.

� Industrial facilities, mining

and handling, steel making

and other.

� Energy sector.

� Industrial facilities, mining

and handling, steel making

and other.

� Fuel storage

� Energy sector.

� Industrial facilities, mining

and handling, steel making

and other.

� Fuel storage.

EPC Projects

DURO FELGUERA ENERGÍA

Duro Felguera’s Power Systems business unit specializes in the execution of single cycle orcombined cycle gas turbine power plants, conventional thermal power stations anddesulphurisation and denitrification plants for coal-fired power stations.

PRODUCTS & SERVICES

� Execution of turnkey projects for Gas Fired Power Generation Plants

turbines (open cycle or combined cycle)

� Turnkey projects of conventional power plants

� Desulphurization and desnitrification in coal fired thermal plants

desulphurisation and denitrification plants for coal-fired power stations.

REFERENCES OF POWER BUSINESS PLANTS

REFERENCES OF POWER GENERATION PLANTS

REFERENCES OF POWER BUSINESS PLANTS

REFERENCES OF POWER GENERATION PLANTS

COMBINED CYCLE POWER PLANTS WORLDWIDE

Industrial Plants

Engineering activities and execution of turnkey projects performed by Duro Felguera in themining, material handling, steelworks, petrochemical industry and automatic warehousing areas.

INDUSTRIAL PLANTS

Duro Felguera Plantas Industriales covers various areas of specialization:

Storage yards

Physical Distribution Systems

Mineral processing

Petrochemical industry

Port terminals

Handling for cement plants

INDUSTRIAL PLANTS – INTERNATIONAL PRESENCE

Port's bulk terminal. India

New port terminal at

El Ferrol. Spain

LNG maritime terminals. BrazilIron ore concentration plant.

Venezuela

Ship loader at Long

Beach. California

Felguera-IHI, a company jointly owned by Duro Felguera and the Japanese company IHICorporation, holds a leading position in the Spanish market in the production and supply

FUEL STORAGE

Corporation, holds a leading position in the Spanish market in the production and supplyof fuel storage facilities, in their multiple varieties, for both liquid and gaseous fuels.

PRODUCTS & SERVICES

� Operation of storage plants

� Turnkey supply of storage plants

� Design and construction of storage tanks

� Installation overhauls

� LNG plants

Specialised Services

Turnkey projects for fuel storage facilities, mechanical and electrical erection activities and the maintenance of facilities in various industrial sectors.

SERVICES

Duro Felguera’s Services business line comprises several companies specializing in different fields:

PRODUCTS & SERVICES

SERVICES

� Engineering, management and development of erection projects for:

Power generation plants

Metallurgy and steelworks industries

Cement, paper, sugar, etc.. Plants

Car industry, naval sector, etc

Chemical & petrochemical industries

Industrial heat insulation

Refractory linings

Revamping and

reconstruction of all types of

heat and acoustic insulations� Metal-mechanical and electrical erections for large

installations.

SERVICES

PRODUCTS & SERVICES

� Erection and overhaul of:

Gas and steam turbines

Generators

Auxiliary turbines

Engines

� Erection of open and combined cycle power island equipment

� Operation and maintenance:

Conventional power plants

Open and combined cycle power plants

Cogeneration plants

Water treatment plants

� Complete power plant services

PRODUCTS & SERVICES

SERVICES

� Basic and detail engineering, construction, erection and maintenance of switching and

protection devices for the industry,

elevating machinery and mining

equipment

� Comprehensive management of awarded projects from the basic

engineering stage to the start-up

� Supply and erection of transformer centersand distribution of electrical power

� Supply and electrical erection for combined cycle power plants and Flue Gas Desulphurization technologies for coal-fired

power plants

� Supply of equipment, mechanical and electrical erection to boost physical distribution

systems and automated warehouses

Manufacturing

Duro Felguera’s Manufacturing business unit groups together the traditional activities of the group in the mechanical and boilerwork shops, which manufacture parts and equipment for various industrial areas, such as the chemical, petrochemical and wind generation sectors, as

MANUFACTURING

various industrial areas, such as the chemical, petrochemical and wind generation sectors, as well as tunnel boring machines for the infrastructure sector.

Duro Felguera’s Manufacturing business unit comprises various companies specializing in different areas:

FELGUERA CALDERERÍA PESADA’s WORKSHOP

Workshop’s total surface is76,000 m2, 18,000 m2 ofwhich are covered andinclude a testing areacapable of bearing loads ofup to 25 kg/cm2

� Equipment for the chemical &

petrochemical industries

� Heavy equipment for industry in general

PRODUCTS & SERVICES

MANUFACTURING

petrochemical industriesLarge scale crude and vacuum columnsReactorsExchangersHigh-pressure separatorsDesalinatorsSpherical storage tanksMounded vesselsConverters

Steelworks, Power Systems,

cellulose and paper, cement,

transport of liquefied gases

� Off-shore equipment

� In general, all types of heavy duty equipment

FCP has recently supplied (Abril 2007) two ethylene rectifiers of 2,000 tons each. The largest equipment ever built worldwide in a sole piece.

FELGUERA CONSTRUCCIONES MECÁNICAS’ WORKSHOP

TOTAL SURFACE 60,000 m2

STORAGE YARD 30,000 m2

ROOFED SURFACE 30,000 m2

SAND BLASTING AND

PAINTING

1,500 m2

PLATE WORK 12,000 m2

MACHINING 18,000 m2

PRODUCTS & SERVICES� Equipment for the steelworks industry

Rolling mills, continous casting, ladles

MANUFACTURING

� Power Systems

Boilers (HRSG) for ladles

Boom shears, milling towers, coilers

� Cranes

Overhead, polar and dock cranes

Bulk and container shiploaders / unloaders

� Hydraulic

Turbines and generators

Gates and cofferdams

Penstocks

� Off-shore

Boilers (HRSG) for combined cycle power plants

Exchangers, condensers....

� Components for wind turbines

Shafts, hubs, frames, towers, etc.

� Equipment for large civil works infrastructures, tunnel boring machines, back-ups

� Components for Research Centres (CERN, FERMI, ESO..)

� Manufacture of iron and steel foundry parts � High-speed and underground

PRODUCTS & SERVICES

MANUFACTURING

� Manufacture of railway track material

Moulded manganese and steel crossings

Sidings

Complete pre-mounted trappings on wood or concrete

Disconnecting gears

Double crossovers (scissors)

Rail bearers (sleepers)

Expansion joints

rail crossings

� Mechanised and welded to rail

manganese steel monoblock

crossings

� High-speed turnouts (350

km/h)

� Mining Activities: � Underground works:

PRODUCTS & SERVICES

MANUFACTURING

Steel arches in TH, HEB, IPN sections

Hydraulic and friction props

Link bars

Lining sheets

Grating

� Electricity Pylons

� Mobile Phone Towers

� Steel structures

Steel arches in TH,

HEB, IPN sections

Lattice girders

Formworks

Bernold-type sheet

Resin anchor bolts

Financial Data

2009 Profits

MAIN FIGURES 2009

2009 TURNOVER BREAKDOWN BY BUSINESS SEGMENTS

Manufacturing

Specialised

services

Industrial Plants

Power Systems Major

Projects

Major Projects accounted for 67% of total sales

Backlog (Mill. €)

Order Intake (Mill. €)

MAIN FIGURES 2009

EVOLUTION OF AVERAGE STAFF

100

120

140

160

180

200

+93%

+29,8%

+13,63%

+23,35%

Duro Felguera

Ibex 35

+ Appreciation

EVOLUTION IN THE STOCK MARKET FOR THE YEAR 2009

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Ibex Small

IGBM

Duro Felguera was fifth on the Spanish market in terms of appreciation in 2009 and third on the Madrid Stock Exchange General Index

International Exposure

Ongoing projects

• Mexico• Peru• Venezuela• Brazil• Chile• Argentina

• UK• Ireland• Holland

• India

Asia

EuropeAmerica

INTERNATIONAL PRESENCE

Offices abroad

• Argentina• Peru• Venezuela• Mexico• India• Japan• Rumania• Brazil

• Colombia• Guinea

Ecuatorial• Angola• Qatar• Mauritania• Saudi Arabia

Commercial

Agents

Profesionales de DF en el mundo

DF PERSONNEL ABROAD

Personnel abroad: 312 people / 11 countries

Thanks!