FACTS AND FIGURES 2017

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1 HYDRO FACTS AND FIGURES ANDRITZ HYDRO GmbH

ENGINEERED SUCCESS ANDRITZ HYDRO 3 CONSOLIDATED BALANCE SHEET 4 CONSOLIDATED INCOME STATEMENT 5 CHANGES IN INTANGIBLE AND TANGIBLE ASSETS 6

2 ENGINEERED SUCCESS ANDRITZ HYDRO 3 CONSOLIDATED BALANCE SHEET 4 CONSOLIDATED INCOME STATEMENT 5 CHANGES IN INTANGIBLE AND TANGIBLE ASSETS 6 CONSOLIDATED CASH FLOW STATEMENT 7 LIST OF CONSOLIDATED SUBSIDIARIES 8 COMPANY BOARDS AND DIVISIONS 9 ANDRITZ HYDRO AROUND THE WORLD 10 2 HYDRO / Facts and figures

ANDRITZ Hydro ANDRITZ Hydro is one of the leading global suppliers of electro-mechanical equipment for hydropower plants.

complete range of products, such as turbines, generators, and additional equipment of all types and sizes: from water to wire - for small hydro applications to large hydropower plants with outputs of

In, investment decisions for many green field, modernization and refurbishment projects have been postponed.

The global demand for water supply, irrigation, and flood control is constantly growing. With highly specialized large engineered pumps ANDRITZ Hydro offers outstanding solutions for these markets.

3 ANDRITZ Hydro ANDRITZ Hydro is one of the leading global suppliers of electro-mechanical equipment for hydropower plants. With over 175 years of experience and more than 31,000 turbines installed, totaling about 430,000 megawatts output, the business area provides turnkey electro-mechanical solutions including the complete range of products, such as turbines, generators, and additional equipment of all types and sizes: from water to wire - for small hydro applications to large hydropower plants with outputs of more than 800 megawatts per turbine unit. Currently, the global hydropower market is stagnating, impacted by low electricity and energy prices. In, investment decisions for many green field, modernization and refurbishment projects have been postponed. Only a few larger projects were awarded, thereof ANDRITZ Hydro has successfully secured some as well numerous projects out of the small and mini hydropower market. The global demand for water supply, irrigation, and flood control is constantly growing. With highly specialized large engineered pumps ANDRITZ Hydro offers outstanding solutions for these markets. With a growing installed base of volatile wind and solar power plants, an economic solution for large-scale energy storage is becoming of more and more importance. Pumped storage power plants are currently the most economical way for efficiently storing large amounts of energy over a longer period. Additionally, pumped storage power plants play a significant role in stabilizing power grid frequency and voltage. ANDRITZ Hydro was and is one of the pioneers and leading global players in this technology. Despite the challenges of the market, the revival of pumped storage, modern technical and digital solutions for new and existing power plants, interesting opportunities for the small and mini-hydro sector, pump solutions, as well as hydropower refurbishment and modernization opportunities, ANDRITZ Hydro is confidently looking forward to the future of hydropower. IN MILLION EUROS (ACCORDING TO IFRS) Order intake 1,718.7 Sales , ,317.2 Order backlog as of December 31 st 1, , , , , ,921.8 The key figures shown on the left refer to the Hydro business area of the ANDRITZ GROUP, and the figures provided on the following pages refer to the consolidated financial statements (according to IFRS) of the ANDRITZ Hydro companies owned directly by ANDRITZ HYDRO GmbH. HYDRO / Facts and figures 3

4 Consolidated balance sheet as of December 31 st, ANDRITZ Hydro GROUP (in TEUR) Dec 31 st, Dec 31 st, 2016 Assets Intangible assets 1,290 4,106 Goodwill 95,541 95,541 Property, plant and equipment 105, ,210 Shares in affiliated companies 203, ,103 Other investments 115,718 20,731 Fixed and financial assets 521, ,691 Other longterm receivables 32,513 35,140 Deferred tax assets 67,004 77,563 Non-current assets 620, ,394 Inventories 72,804 72,012 Advance payments made 18,063 18,409 Trade accounts receivable 178, ,751 Cost and earnings of projects under construction in excess of billings 165, ,004 Receivables from affiliated companies 427, ,723 Receivables for current taxes 7,349 2,518 Other receivables 142, ,301 Marketable securities 0 0 Cash, cash equivalents and investments 489, ,898 Current assets 1,501,857 1,551,616 Total assets 2,122,635 2,106,010 Shareholders equity and liabilities Share capital 1,000 1,000 Capital reserves 78,465 78,465 Retained earnings 175, ,330 Equity attributable to shareholders of the parent 255, ,794 Minority interests 147, ,755 Total shareholders equity 402, ,550 Bank loans non-current 5,605 6,428 Provisions non-current 228, ,405 Other liabilities non-current 13,043 21,058 Liabilities for deferred taxes 14,604 13,193 Non-current liabilities 262, ,084 Bank loans current 32,716 16,404 Trade accounts payable 100,547 97,507 Billings in excess of cost and earnings of projects under construction 313, ,082 Advance payments received 38,152 36,331 Provisions current 163, ,877 Liabilities for current taxes 20,482 22,467 Liabilities to affiliated companies 557, ,937 Other current liabilities 232, ,772 Current liabilities 1,458,384 1,423,377 Total shareholders equity and liabilities 2,122,635 2,106,010 4 HYDRO / Facts and figures

Consolidated income statement from 01.01. to 31.12.

5 Consolidated income statement from to ANDRITZ Hydro GROUP (in TEUR) 1-12/ 1-12/2016 Sales 1,134,049 1,289,130 Cost of goods sold -926,702-1,073,592 Gross profit 207, ,538 Other operating income 37,089 20,861 Marketing and sales expenses -59,413-59,316 Administration expenses -40,164-40,065 Research and development expenses -18,922-19,479 Other operating expenses -33,895-22,650 Result from operating activities before goodwill amortization (EBITA) 92,308 94,889 Impairment of goodwill 0-2,291 Result from operating activities (EBIT) 92,308 92,598 Investment result 23,759 15,109 Interest result 40 8,930 Financial result 23,799 24,040 Earnings before taxes (EBT) 116, ,638 Income taxes -44,833-47,757 Net income 71,274 68,881 Thereof attributable to: Shareholders of the parent company 55,952 50,599 Non-controlling interest 15,322 18,282 HYDRO / Facts and figures 5

6 Changes in intangible and tangible assets ANDRITZ Hydro GROUP ACQUISITION OR PRODUCTION COSTS (in TEUR) Balance as at Jan 1 st, Currency translation differences Additions Disposals Change in scope of consolidation Transfers Balance as at Dec 31 st, Intangible assets 19, , ,602 Goodwill 103, ,873 Land and buildings 90,553-2, , ,077 Technical equipment and machinery 124,223-6,727 8,589 6, , ,819 Other equipment, factory and office equipment 52,285-2,575 4,993 2, ,410 Assets in course of construction and advance payments made 4, , ,634 2,268 Total property, plant and equipment 271,241-12,085 16,038 16, ,574 Total intangible and tangible assets 394,263-12,566 16,872 26, ,048 DEPRECIATION AND AMORTIZATION (in TEUR) Balance as at Jan 1 st, Currency translation differences Depreciation and amortization for the year Disposals Change in scope of consolidation Transfers Balance as at Dec 31 st, Intangible assets 15, ,540 9, ,312 Goodwill 8, ,332 Land and buildings 32,878-1,081 3, ,320 Technical equipment and machinery 77,020-4,110 11,068 4, ,897 Other equipment, factory and office equipment 39,134-1,929 4,473 2, ,080 Assets in course of construction and advance payments made Total property, plant and equipment 149,031-7,120 19,748 8, ,296 Total intangible and tangible assets 172,405-7,492 23,288 18, ,940 BOOK VALUES (in TEUR) Costs as at Dec 31 st, Accumulated depreciation Net book value as at Dec 31 st, Net book value as at Dec 31 st, 2016 Intangible assets 9,602 8,312 1,289 4,107 Goodwill 103,873 8,332 95,541 95,541 Land and buildings 83,077 34,320 48,757 57,675 Technical equipment and machinery 120,819 79,897 40,922 47,203 Other equipment, factory and office equipment 52,410 39,080 13,330 13,151 Assets in course of construction and advance payments made 2, ,268 4,180 Total property, plant and equipment 258, , , ,210 Total intangible and tangible assets 372, , , ,857 6 HYDRO / Facts and figures

Consolidated cash flow statement ANDRITZ Hydro GROUP (in TEUR) 2016 Earnings before taxes (EBT) 116,106 116,638 Depreciation, write-ups and amortization of fixed assets 23,288 27,962 Changes in

7 Consolidated cash flow statement ANDRITZ Hydro GROUP (in TEUR) 2016 Earnings before taxes (EBT) 116, ,638 Depreciation, write-ups and amortization of fixed assets 23,288 27,962 Changes in non-current provisions 24,725 5,027 Results from the sales of fixed and financial assets -37,329 15,244 Taxes paid -62,523-19,300 Gross cash flow 64, ,570 Changes in inventories ,329 Changes in advance payments made ,922 Changes in receivables, prepayments and deferred charges 78,668-78,375 Changes in current provisions -12,683 17,940 Changes in advance payments made 1,821-4,710 Changes in liabilities and deferred income -64,940-76,306 Cash flow from operating activities 66,688 33,370 Payments received for asset disposals 45,356 34,630 Payments made for investments in fixed tangible and intangible assets -16,872-14,353 Payments made/received for investments in financial assets -39,067 0 Payments made/received from investments in loans against borrowers notes -30,000 0 Payments made for short-term financial investments 39,666-43,010 Cash flow from investing activities ,733 Payments made to shareholders -95, ,943 Changes in interest-bearing receivables/borrowings 91,103 85,951 Cash flow from financing activities -4,717-27,992 Change in cash and cash equivalents 61,054-17,355 Change in cash and cash equivalents resulting from exchange rate fluctuations -3,136-4,570 Cash and cash equivalents at the beginning of the period IMAGE TITLE 192, ,813 less short term investments Cash and cash equivalents at the end of the period 0Atem rehendunt -235,084 vel 250,721quamento bera 192,804 HYDRO / Facts and figures 7

List of consolidated subsidiaries ANDRITZ Hydro GROUP Ownership interest Affiliated companies Registered office Country direct indirect ANDRITZ Deutschland Beteiligungs GmbH Krefeld Germany 31%

8 List of consolidated subsidiaries ANDRITZ Hydro GROUP Ownership interest Affiliated companies Registered office Country direct indirect ANDRITZ Deutschland Beteiligungs GmbH Krefeld Germany 31% ANDRITZ HYDRO GmbH Ravensburg Germany 31% ANDRITZ HYDRO India Private Limited Mandideep India 85% 5% PT. ANDRITZ HYDRO Jakarta Indonesia 51% ANDRITZ HYDRO AG Kriens Switzerland 100% ANDRITZ HYDRO AS Jevnaker Norway 100% ANDRITZ HYDRO Beteiligungsholding GmbH Graz Austria 100% ANDRITZ HYDRO Brasilien Beteiligungsges.mbH Graz Austria 100% ANDRITZ HYDRO S.A. Barueri Brazil 6% 100% ANDRITZ CONSTRUÇÕES E MONTAGENS Ltda. Santana do Parnaíba Brazil 100% ANDRITZ HYDRO Limitada Bogotá Colombia 100% ANDRITZ HYDRO Ltd. Sti. Izmir Turkey 100% ANDRITZ HYDRO S.A. de C.V. Morelia Mexico 100% ANDRITZ HYDRO S.A.S Fontaine Cedex France 100% ANDRITZ HYDRO S.r.l. Schio Italy 100% ANDRITZ HYDRO S.L. Madrid Spain 100% ANDRITZ HYDRO Hammerfest AS Hammerfest Norway 100% ANDRITZ HYDRO Hammerfest (UK) Ltd. Glasgow Scotland 100% ANDRITZ India Privat Ltd. New Delhi India 100% 8 HYDRO / Facts and figures

Friedrich Papst Vice-Chairman Dipl.-Ing.

9 Company boards and divisions MANAGING BOARD Dr. Harald Heber Dipl.-Ing. Wolfgang Semper SUPERVISORY BOARD Dr. Wolfgang Leitner Chairman Dipl.-Ing. Friedrich Papst Vice-Chairman Dipl.-Ing. Dr. Franz Strohmer Mag. Ernst Zsifkovits Ing. Günter Purkarthofer Ing. Ole-Christian Wolff ANDRITZ HYDRO DIVISIONS LARGE HYDRO COMPACT HYDRO SERVICE & REHAB PUMPS TURBO GENERATORS HYDRO / Facts and figures 9

10 ANDRITZ HYDRO Worldwide More than 175 years' experience in turbine design 15 test benches worldwide More than 120 years experience in electrical engineering More than 430,000 MW of installed and modernized power capacity from ANDRITZ Hydro 65 locations around the world More than 31,000 turbine units delivered Countries with ANDRITZ Hydro locations Countries with ANDRITZ Hydro presence 10 HYDRO / Facts and figures

11 More than 120 Compact Hydro units per year 3,789 TWh/year worldwide annual hydropower generation More than 7,200 employees worldwide 19 manufacturing locations Complete design range up to 800 MW 15,700 TWh/year global hydropower potential FIND YOUR LOCAL CONTACT HYDRO / Facts and figures 11

12 ANDRITZ HYDRO GmbH ANDRITZ.COM/HYDRO All data, information, statements, photographs and graphic illustrations in this brochure are without any obligation and raise no liabilities to or form part of any sales contracts of ANDRITZ GROUP or any affiliates for equipment and/or systems referred to herein. All rights reserved. No part of this copyrighted work may be reproduced, modified or distributed in any form or by any means, or stored in any database or retrieval system without the prior written permission of ANDRITZ HYDRO GmbH or its affiliates. Any such unauthorized use for any purpose is a violation of the relevant copyright laws ANDRITZ HYDRO GmbH, Eibesbrunnergasse 20, 1120 Vienna, Austria. AH.ZF.01.en.06.18

Facts & figures 2014 ANDRITZ HYDRO

Facts & figures 2014 ANDRITZ HYDRO ANDRITZ HYDRO Facts & figures 2014 01 CONTENTS ANDRITZ HYDRO 03 Consolidated balance sheet 04 Consolidated income statement 05 Changes in intangible and tangible assets