BEFESA

Financial Data

	Financial Data (M€)	2009	2008	Variation (09-08)
Balance Sheet	Total Assets Equity Net Debt ex Project Finance*	1,571.9 375.8 46.75	1,498.1 434.6 -74.4	4.9% -13.5% -162.8%
Profit and Loss Account	Sales EBITDA Net Profit	721,8 118,7 40,9	873.4 157.8 58.7	-17.4% -24.8% -30.3%
Significant Variables	Margin (% EBITDA/ Sales) Return: %EAT on - Equity (ROE) - Total Assets (ROA)	16.4 10.9 2.6	18.1 13.5 3.9
	EBITDA / Employees (k€)	44.3	69.7	-36.5%
	Sales / Employees (k€)	269.2	385.9	-32.3%
EBITDA: Earnings before interest, tax, depreciation and amortization. EAT: EAT: Earnings after tax attributable to the parent company. (*) The negative sign makes clear that the cash and the financial temporary investments exceed to the bank debt.

Geographical area

Geographical area	2009 M€	%	2008 M€	%
Sales Spain	350.8	49	427.2	49
International Sales	371.0	51	446.2	51
Total	721.8	100	873.4	100

Sales per business unit

Sales per business unit	2009 M€	2008 M€
Steel Waste Recycling	195.8	253.6
Aluminum Waste Recycling	132.0	252.4
Industrial Waste Management	95.5	136.9
Water - Engineering & Construction (EPC)	288.6	226.8
Water - Concessions	9.9	3.8
Total	721.8	873.4