Complete Annual Report - Uralita

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Annual Report 2005 Uralita Group Pipes BUSINESS DESCRIPTION The Pipes Business manufactures and sells pipes and accessories made of plastic (mainly PVC and polyester reinforced with glass fibre) for infrastructure and building works in Spain, Portugal and France. For infrastructure works it provides integral solutions for networks that supply irrigation and drinking water, sanitary networks and land drainage. For buildings, the Business offers a wide range of drainage products. Sales by product type Sales by geographical region OTHER 12.8% REST OF THE WORLD 1.9% PORTUGAL 3.1% FRANCE 13.9% PIECES 17.9% POLYESTER PIPES 8.8% PVC PIPES 60.5% SPAIN 81.1% Competitive positioning and market structure Uralita is present in the infrastructure and building markets The Pipes Business operates in a market worth an estimated total of €1.52 billion, of which 60% corresponds to infrastructure works and 40% to building. Uralita controls approximately 9% of the general market and 20% of the PVC pipe market. Infrastructure sales, a segment in which Uralita is present in Spain and Portugal, are distributed among two market segments: water infrastructure and sanitary infrastructure, with seven types of products, of which three (corrugated pipes, PVC pressure pipes and polyester pipes) account for close to 80% of sales. The Building Business is active in the drainage segments in Spain, Portugal and France, and to a lesser extent in sanitary networks in France. It has six product types, of which two (co-extruded drainage pipes and accessories) account for 84% of total sales. 49
The breakdown of sales by customer is very different in each business. Whilst the most important customers in infrastructure works are construction companies (both national and local) and hydraulic works installers, in construction sales are concentrated in distribution. Commercially, Uralita’s Pipes Business enjoys a high level of confidence and has a solid presence in infrastructure requirements. It also maintains a buoyant competitive position in the building market and is well positioned in the channel, both in Spain and in France. Map of plant facilities ALOVERA (GUADALAJARA) GETAFE (MADRID) ALCÁZAR (CIUDAD REAL) SAN VICENTE DEL RASPEIG (ALICANTE) CERDANYOLA (BARCELONA) PVC PIPES POLYESTER PIPES PIECES (MAINLY PVC) ANTEQUERA (MÁLAGA) 50
Page 1 and 2: Annual Report 2005 CORPORATE SPIRIT
Page 3 and 4: Uralita Group Mejía Lequerica, 10
Page 5 and 6: Letter from the Chairman Dear Share
Page 8 and 9: Uralita Group Overview of the Urali
Page 10 and 11: From left to right: Mr. Javier Eche
Page 12 and 13: Overview of the Uralita Group Urali
Page 14 and 15: In the late 1980s and the 1990s, Ur
Page 16: Main markets The Group embarked on
Page 19 and 20: The Uralita Group in 2005 ECONOMIC
Page 21 and 22: Macroeconomic indicators and constr
Page 23 and 24: Now that all the divestments are co
Page 25 and 26: As a consequence, the organisationa
Page 27 and 28: Respect for and continuous developm
Page 29 and 30: STRATEGIC PRIORITIES FOR 2006 Incre
Page 32 and 33: Uralita Group Management Report by
Page 34 and 35: Annual Report 2005 Uralita Group In
Page 36 and 37: BUSINESS PERFORMANCE IN 2005 Market
Page 38 and 39: Financial highlights Million euros
Page 40 and 41: Annual Report 2005 Uralita Group Gy
Page 42 and 43: Unlike the plasterboard market, the
Page 44 and 45: 2005 Results In 2005 the Gypsum Bus
Page 46 and 47: Annual Report 2005 Uralita Group Ro
Page 50 and 51: Financial highlights Million euros
Page 56: MILESTONES FOR 2006 The main object
Page 59 and 60: The Uralita Group on the Stock Mark
Page 61 and 62: Annual highs, lows and closing pric
Page 64 and 65: Uralita Group Corporate Governance
Page 66 and 67: A. SHARE CAPITAL STRUCTURE A.1. Sha
Page 68 and 69: A.8. Own shares. During the year 20
Page 70 and 71: Resignations from the Board of Dire
Page 72 and 73: B.1.6. Directors who are also execu
Page 74 and 75: B.1.9. Remuneration of Senior Manag
Page 76 and 77: Both the aforementioned Committee a
Page 78 and 79: Number of meetings of the different
Page 80 and 81: B.1.31. Stakes held by members of t
Page 82 and 83: Nomination and Remuneration Committ
Page 84 and 85: C. RELATED PARTY TRANSACTIONS C.1.
Page 86 and 87: • To obtain the Risk Portfolio so
Page 88 and 89: In particular, the following measur
Page 90 and 91: E.12. Address and access to the cor
Page 92 and 93: The delegation of exclusive powers
Page 94 and 95: Recommendation 14. AGE OF DIRECTORS
Page 96 and 97: Uralita’s Board of Directors seek
Page 98: In application of the policies of t
Page 101 and 102: Corporate Social Responsibility 1.
Page 103 and 104:
3. Responsibility for the Environme
Page 105 and 106:
Uralita’s commitment to its share
Page 107 and 108:
5.3. Training 5.3.1. Human Resource
Page 109 and 110:
5.3.4. URSA invests in Human Resour
Page 111 and 112:
) 477 employees from the Group Corp
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6.2. Third-party training The Urali
Page 116:
Uralita Group Annual Financial Stat
Page 120 and 121:
Translation of consolidated financi
Page 122 and 123:
Translation of consolidated financi
Page 124 and 125:
and Social Measures. Note 4 sets ou
Page 126 and 127:
Equity at 31 December 2004 Attribut
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d. Changes in consolidation scope I
Page 130 and 131:
4. Main accounting principles The m
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Where the carrying amount exceeds t
Page 134 and 135:
• Trade and other payables Trade
Page 136 and 137:
Provisions for guarantees Provision
Page 138 and 139:
4.19. Consolidated cash flow statem
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• The business plans prepared are
Page 142 and 143:
The movement in this heading in the
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The sale of cash-generating units r
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At 31 December 2005, the parent com
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Thousands of euros 2005 2004 Uralit
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The private bond placement was held
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16. Guarantees As of 31 December 20
Page 154 and 155:
Other operating expenses The detail
Page 156 and 157:
• Pipes • Chemicals The busines
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Revenues Profit (loss) before taxes
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In 2004, as profit estimates by the
Page 162 and 163:
2004 Board of Nomination Audit TOTA
Page 164 and 165:
APPENDIX 1 - Subsidiaries - 2005 By
Page 166 and 167:
Results at the Gypsum Business show
Page 168:
Mejía Lequerica, 10 28004 Madrid (
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Complete Annual Report - Uralita

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