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2019

ANNUAL REPORT

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www.group.sener

SENER

GROUP

PRESIDENT'S
LETTER

The 2019 financial year was one of the most difficult in SENER’s history. The reasons for these results are to be found in our engineering and construction activities in the field of Energy. In this sector, a deep change in the business model continues to gather momentum. We will continue to carry out engineering and EPC projects for the energy sector, although in the future we will avoid doing so in those scenarios in which the risk-benefit profile is unfairly asymmetric. We need to take the necessary decisions to enable our company to move forward in these unprecedented times, responding to the real market conditions.

Fortunately, SENER’s development and results in all other business areas have been unreservedly favorable. Also highly satisfactory in 2019 were the operations, production and performance of all our investee companies in the Renewable Investments Group. We will get through this difficult period and we will continue to develop SENER in order to offer our clients, and society as a whole a better service.

Jorge Sendagorta Gomendio

President of SENER Group

2019 in
brief

MAIN FIGURES

REVENUES

0 MILL
64CD5FEF-4C1D-46AF-A7A3-259F19DB7259Created with sketchtool.

Sales outside Spain

0 %

Sales in Spain

0 %

A COMPANY OF VALUE

CFAD35F5-71BF-4E2D-BFE4-B04A5D306CE1Created with sketchtool.

Issued and paid-up capital

0
64CE0FB8-E1D7-4256-976E-D6AC8E74D9B8Created with sketchtool.

Registered shares

0

LIST OF SHAREHOLDERS

0 %

of the shares were held by the founding family

A FOCUS ON PEOPLE AND COMMUNICATION

D2704D9D-5E7A-4490-86D1-BB288FE57735Created with sketchtool.

Personnel at year-end

0

Training hours

0

(69% of the workforce involved)

COMMUNICATION

0
0

followers on LinkedIn

media appearances

DRIVEN BY INNOVATION

R&D&I investment

0

MILL

SENER works with the aim of creating an intelligent future and focus its R&D&I strategies on digitization, transversality, Big Data and a client-based approach.

COMMITMENT AND SUSTAINABILITY

26D135E9-839C-4C91-BBB9-805274EDED97Created with sketchtool.

Corporate responsibility has been part of SENER’s culture since the outset.

Greenhouse gas emissions (CO2eq)

0

(reduction of 8% compared to 2018)

Total electrical consumption (kw/h)

0 t

(reduction of 5% compared to 2018)

SENER actively collaborates with universities and research centres through agreements, grants, sponsorships and awards.

Results 2019

SENER

ENGINEERING

managing
director's letter

2019 was a year of contrasts for SENER Engineering. We performed very well in Infrastructure and Marine, although it was a disappointing year for Energy, both in terms of margins and in the contracting of new projects. The energy world is evolving towards new models and SENER must be capable of repositioning itself in order to continue to compete in this setting, recovering stability and profitability. While it is clear that we face demanding challenges, SENER is more than ready to contend with them.

Our technological capabilities, our transversal nature, the commitment and the human quality of our people should provide us with the foundations upon which to continue to build solutions that make us a cut above the rest, and will enable us to compete, now and in the future.

Jorge Sendagorta Cudós

Managing Director of SENER Engineering

2019 in
brief

MAIN ACTIVITIES

In Infrastructure, the Salvador monorail in Brazil.

In Energy, the Saih Rawl Central Processing Plant in Oman.

In Marine, the CUNARD cruise ship for Fincantieri in Italy.

OUTSTANDING INNOVATION PROGRAMS

In Infrastructure, development of RESPIRA®, an intelligent ventilation control system in underground networks and other large installations.

In Energy, development of equipment for the production of green hydrogen by means of the autothermal reforming of bio-alcohols.

In Marine, FORAN ASSISTANT and FORAN ASSET MANAGEMENT as artificial intelligent technologies.

RESULTS 2019

SENER

AEROESPACIAL

MANAGING
DIRECTOR'S LETTER

One highly relevant event in 2019 was the incorporation of SENER Aeroespacial as a company. Although the Aerospace business had previously formed part of SENER Engineering, last year it broke away from the latter to become a new company in its own right. Moreover, 2019 witnessed the beginning of the integration and organization of all the capabilities and markets which, it should be said, are very complementary, and now comprise SENER Aeroespacial: Space (institutional and commercial), Defense, Science (including Healthcare), Broadcast and Air-traffic control. Despite the delays in contracting in 2019, SENER Aeroespacial’s performance was satisfactory.

SENER’s multidisciplinary and excellence-driven culture pushes it towards a constant evolution in which innovation, involvement in highly-complex and value-added programs and products, and leveraging the stellar talent of our human assets are essential if we are to grow, be reliable and compete profitably. The future will bring exciting challenges.

José Julián Echevarría Aguirre

Managing Director of SENER Aeroespacial

2019 IN
BRIEF

MAIN ACTIVITIES

In Space,  the NASA Gateway orbital platform.

In Defense, design, qualification and certification of a scalable, manufacturable and certifiable pod.

In Science, the M5 mirror of the European Large Telescope (ELT).

OUTSTANDING INNOVATION PROGRAMS

Development of Q/V frequency band RF (radio-frequency) filters for the next generation of commercial satellites.

Development of advanced Petri dish incubation and inspection equipment.

Intelligent coating for satellites developed in partnership with IK4-TEKNIKER.

RESULTS 2019

SENER IN THE
WORLD