Annual Report 2010 - AdP

Key Events
Brazil
There was continuity provided to the process of winding down AdB - Águas do Brasil, S.A. begun in the previous year.
Mozambique
Águas de Moçambique
At the end of 2010, AdP Internacional contractually agreed to the sale of its stake in Águas de Moçambique (AdeM), reducing the
AdP Group presence in this market to the stake held in Aquatec.
This operation takes on particular relevance within the company’s performance in 2010, reflected in the turning in of a positive
result, an achievement in contrast to previous years.
Thus, 2010 saw an improvement in the AdeM performance brought about by the consolidation of the strategy designed to reach
out to clients and the commitment to ensuring operational process quality.
Despite the organisational and conjunctural turbulence, in 2010 AdeM managed to consolidate its trajectory of steadily improving
operational, economic and financial results.
Reflecting this improvement, we would highlight the hike in operational results to MZN 82.6 million, the attraction of over 10,000 new
clients and a rise of around 20% in the rate of coverage that collectively contributed towards net operational results of MZN 33.8 million.
Aquatec
Following the strategic reorientation of group businesses in Mozambique, AdPI relaunched Aquatec activities in 2009, which has now
become an instrumental company for the waste sector in Mozambique.
Throughout 2010, the company remained practically inactive as a result of difficulties emerging with EGF in the waste business and
that restricted any approaches to new business.
Angola
In 2010, operational activities in the Angolan markets resulted from the signing of three new contracts with the National Directorate
of Water Supply and Sanitation, of the Ministry for Energy and Waters, with the Ministry of the Environment and with the Municipal
Authority of Kilamba Kiaxi.
The technical assistance contract with the public company EPAL, EP ended in August 2010, after having continued to turn in the
good results attained in previous years. At the end of the year, its future remained under negotiation with the prospects of continuation
in still to be defined formats.
With the consolidation of the Angola subsidiary that in 2011 is expected to be renamed AdP Angola, there is a good outlook for
new business in the water sector, especially deriving from the tenders launched under the auspices of PDISA – Programme for the
Institutional Development of the Water Sector, with World Bank financing.
Perspectives
According to the strategy defined by the AdPI Board of Directors, the perspectives for the consolidation and development of new
businesses in 2011 involve:
• Consolidating the group presence in the Angolan market. When the AdPI subsidiary is formally established, it should prove easier
to establish partnerships with leading local companies and provide support for the development of new business projects. Within
this rationale, the Angolan entity shall be renamed AdP Angola over the course of 2011;
• Remaining in the Angolan market, it may be expected that AdPI boosts its activities in 2011, especially through strengthening
support provided at the level of the Ministry of the Environment and the Ministry of Energy and Waters, through the National
Directorate of Water Supply and Sanitation as significant World Bank financial support is planned for this national agency taking
into account the implementation of the PDISA - Programme for the Institutional Development of the Water Sector;