Mota Engil SGPS S A : Engil informs about its Management Report and Consolidated Financial Statements for the first half of 2020

2020

Management

Report

A World of Inspiration

Interim Consolidated

Financial Information

Building

Today,

Imagining

Tomorrow.

Building Today,

Imagining

Tomorrow.

For a multinational company like Mota-Engil growth starts today, molded by future ambitions.

A long term mission that reflects on the operation, expanding to new territories and new business areas.

Energy	Others, eliminations
Turnover	and intra-group
56M€	Turnover
	11M€

Environment

Turnover

242M€

Backlog

760M€

1H20

Construction

Turnover

848M€

Backlog

4,731M€

Highlights

€5.5 bn	€1.2 bn	€144 mn
Record backlog	Turnover of €1.2 bn,	EBITDA of €144 mn, with a
of €5.5 bn	with a 14% decrease YoY	margin of 12%

€-5 mn

€1,248 mn €94 mn

Consolidated Net loss	Net debt of €1,248 mn, with a
of €5 mn	net debt / EBITDA ratio of 3.4x

Capex of €94 mn, a decrease of €13 mn YoY

TURNOVER

EBITDA

1. Includes the Europe region and others, eliminations and intra-group (**) Includes the Africa and Latin America regions

THOUSANDINCOME STATEMENTEUROS

	1H20	% T	∆	1H19	% T
Sales and services rendered (Turnover - T)	1,156,677		(14.0%)	1,344,329
EBITDA(*)	144,075	12.5%	(25.7%)	194,016	14.4%
Amortizations and depreciations, provisions and impairment losses	-111,373	(9.6%)	(7.8%)	-103,279	(7.7%)
EBIT(**)	32,702	2.8%	(64.0%)	90,737	6.7%
Net financial results (***)	-42,262	(3.7%)	18.5%	-51,860	(3.9%)
Gains / (losses) in associates and jointly controlled companies	3,181	0.3%	145.2%	1,297	0.1%
Gains / (losses) on the disposal of subsidiaries, jointly controlled and	3,655	0.3%	-	-	-
associated companies
Net monetary position	7,359	0.6%	-	-	-
Income before taxes	4,635	0.4%	(88.5%)	40,175	3.0%
Consolidated net profit of the year	10,051	0.9%	(60.6%)	25,521	1.9%
Attributable to:
Non-controlling interests	15,092	1.3%	(13.2%)	17,395	1.3%
Group	-5,041	(0.4%)	-	8,126	0.6%

1. EBITDA corresponds to the algebraic sum of the following captions of the consolidated income statement: "Sales and services rendered"; "Cost of goods sold, mat. cons., changes in production and Subcontractors"; "Third-party suppliers and services"; "Wages and salaries"; "Other operating income / (expenses)"
   (**) EBIT corresponds to the algebraic sum of EBITDA with the following captions of the consolidated income statement: "Amortizations and depreciations", "Provisions and impairment losses"
   (***) Net financial results corresponds to the algebraic sum of the following captions of the consolidated income statement: "Financial income and gains" and "Financial cost and losses"

The accounts included in this Interim Report have not been audited.

01

Interim

Consolidated

Management

Report

1.1

Economical and financial environment

10

1.2

Analysis of economic and financial performance

11

1.3

Analyses by business areas

16

1.4

Impacts and measures adopted by the GROUP in response to the pandemic

1.5

Sustainability and social responsibility

20

1.6

Future prospects 21

1.7

Subsequent events

21

1.8

Mota-Engil in Stock Market

22

19

02

Consolidated

Financial

Information

2.1	2.5
Consolidated Income	Consolidated Statements
Statements	of Cash-Flows
27	32

2.2	2.6
Consolidated Statements	Notes to the Consolidated
of Other Comprehensive Income	Financial Statements
28	33

2.3	2.7
Consolidated Statements	Appendix A
of Financial Position	47

29

2.4

Consolidated Statements of

Changes in Equity

30

03

Mandatory

Information

57

01

Interim

Consolidated

Management

Report

Construction

Brazil. Offshore platforms of Petrobrás

Interim Consolidated Report 2020 10

1.1 Economical and financial environment

The first half of 2020 will be remembered without any doubt by the appearance and spread of a virus, until that date unknown, denominated "SARS-CoV-2", which rapidly originated a worldwide pandemic (Covid - 19) that nowadays is responsible for approximately 24 million people infected and approximately 820,000 deaths.

As a result of the several measures adopted by the different States to contain the pandemic, from the mandatory confinement of populations, the closure of borders, the imposition of several barriers to the movement of goods and equipment's and the implementation of restrictive public health measures, with the consequent negative impact on the economy, it is foreseen that almost all developed countries will experience a significant contraction in their Gross Domestic Product (GDP) in 2020, being part of that already been confirmed with the data released for the first half of the year. Thus, in most of the countries where the GROUP operates, according to the latest forecasts made by the IMF, the European Commission and the OECD, on average, it is estimated that Portugal and the Eurozone may see their GDP in 2020 decrease circa of 10 %, Mexico 9%, Brazil 9%, Colombia 5%, Mozambique 2% and Angola 1%. However, according to the same source of information, it is estimated that in 2021 those countries will evidence a growth in their GDP although lower than the decrease expected for 2020.

In addition, as a result of the expansionist monetary policies jointly implemented by the main world central banks, beside other macroeconomic factors, interest rates have remained at stable levels, namely in Europe and in the United States of America. However, in terms of commodities, namely oil, and the exchange rates of the currencies of the main countries in Africa and in Latin America where the GROUP operates, a high volatility and a fall in the respective prices occur.

Taking in consideration the environment described above, the GROUP's activity in the first half of 2020 was not unaffected by the impacts caused by the pandemic, being essentially the Engineering and Construction (E&C) business who was the most affected due to the production interruptions / stoppages, sometimes caused by the restrictive public health measures implemented in the different countries where the GROUP operates, sometimes caused by the logistical constraints faced to move people, equipment's and goods. Regarding the Environment and Services (E&S) business, which comprises the collection, treatment and recovery of waste, as well as, the production and sale of energy, the impact caused by the pandemic was lower since those activities correspond to essential and strategic services for the normal functioning of the communities and so they continue to be provided with some normality.

Interim Consolidated Report 2020 11

1.2 Analysis of economic and financial performance

(*) Includes others, eliminations and intra-group

As a result, essentially, of the constraints caused by the pandemic, the turnover (**) in the first half of 2020 amounted to 1,157 million euros, a decrease of circa of 14% when compared with the first half of 2019. However, it should be highlighted the asymmetric behaviour of that indicator between regions, with Europe contributing with an increase of circa of 12% and Africa and Latin America contributing with decreases of 15% and 33%, respectively.

Following the above referred, Europe was the region that most contributed to the GROUP's turnover in the first half of 2020 with a 40% contribution (30% in the first half of 2019), much at the expense of Latin America which on that period contributed only with 26% (34% in the first half of 2019). Furthermore, in the first half of 2020, in the Europe region, the E&C business contributed with 29% to the GROUP 's turnover (23% in the first half of 2019) and the E&S business with 12% (9% in the first half of 2019).

1. Turnover corresponds to the consolidated income statement caption of "Sales and services rendered"

1. Includes the EBITDA generated in the Europe region and others, eliminations and intra-group (****) Includes the EBITDA generated in the Africa and Latin America regions

Interim Consolidated Report 2020 12

In the first half of 2020, as a result of a lower productivity and dilution of fixed costs arising from the negative impacts caused by the pandemic, the GROUP's EBITDA decrease 26% to 144 million euros, having this one been positively influenced by the Europe's performance (increase of 16%), which however was not enough to offset the less positive performance of Africa (24% decrease) and Latin America (55% decrease). As a result of the aforementioned, the EBITDA margin (EBITDA / Turnover) in the first half of 2020 reached 12.5%, a decrease of 1.9pp when compared with the first half of 2019.

Regarding EBIT, this one amounted in the first half of 2020 to 33 million euros, an amount lower than the one recorded in the first half of 2019 (91 million euros), having it been negatively influenced by the reduction occurred in EBITDA, positively influenced by a small reduction in terms of amortisations, due to the fact that some equipment's have reached the end of its useful life, and negatively influenced by the recording of provisions and impairment losses (16 million euros) to deal with the potential negative effects caused by the Covid - 19 pandemic in the future collection of some accounts receivable and in the realization of some non-current assets.

In the first half of 2020, the GROUP invested circa of 94 million euros, of which it is worth to highlight 26 million euros assigned to a new medium and long term mining contract in Guinea-Conakry, circa of 26 million euros assign to the execution of the investment plan established for the EGF concessionary companies and circa of 5 million euros assign to the execution of a relevant project in the segment of E&S in Côte d'Ivoire.

1. Capex corresponds to the algebraic sum of the increases and disposals of tangible assets, intangible assets and rights of use assets occurred in the period.

(* *) Long-term contracts correspond to the mining contracts in Africa and to the energy business in Latin America.

Interim Consolidated Report 2020 13

As at June 30, 2020, net debt (**) amounted to 1,248 million euros, an increase of circa of 34 million euros when compared with December 31, 2019, justified, essentially, by the investment performed in the period.

As at June 30, 2020, net debt plus factoring (***) and leasing (****) operations amounted to 1,651 million euros, a decrease of 45 million euros when compared with December 31, 2019.

As a result of the debt evolution and the operating performance at the semester, significantly influenced by the pandemic, the ratio that compares the total net debt with the EBITDA in the last 12 months reached 3.4x (2.5x at June 30, 2019).

Gross debt (*****) at June 30, 2020 amounted to 1,869 million euros, being 43% contracted at a variable rate with an average cost of 5.1% (5.2% at December 31, 2019). On the other hand, at June 30, 2020, 84% of the total gross debt was denominated in euros and this one had an average maturity of 2.6 years (2.5 years at December 31, 2019).

Additionally, at June 30, 2020, the GROUP maintained available unused credit lines of circa of 196 million euros resulting in a total amount of effective liquidity (******) of 817 million euros, corresponding to approximately 44% of the total gross debt.

In this chapter, it is also worth to highlight, in the first half of 2020, the GROUP's adherence to the moratorium mechanisms established by the Portuguese State / financial system within the scope of the support measures established to combat the pandemic, which allowed the postponement of approximately 340 million euros of reimbursements of principal and interest.

1. 1-yearnet debt includes all Angolan public debt securities (from Angola and Côte d'Ivoire at December 31, 2019) recorded under the captions "Other financial investments recorded at amortized cost" of the consolidated statement of financial position.
   (**) Net debt corresponds to the algebraic sum of the following captions of the consolidated statement of financial position: "Cash and cash equivalents without recourse
   - Demand deposits", "Cash and cash equivalents with recourse - Demand deposits", "Cash and cash equivalents with recourse - Term deposits", "Other financial investments recorded at amortized cost"; "Loans without recourse" and "Loans with recourse". It should be noted that the leasing and factoring operations established by the Group are not accounted under the aforementioned captions.
   (***) Factoring operations are recorded in the consolidated statement of financial position under the captions "Other financial liabilities". (****) Leasing operations are recorded in the consolidated statement of financial position under the captions "Lease liabilities".
   (*****) Gross debt corresponds to the algebraic sum of net debt with the balances of the following captions of the consolidated statement of financial position "Cash and cash equivalents without recourse - Demand deposits", "Cash and cash equivalents with recourse - Demand deposits", "Cash and cash equivalents with recourse - Term deposits"; "Other financial investments recorded at amortized cost".
   (******) Effective liquidity corresponds to the algebraic sum of the following captions of the consolidated statement of financial position "Cash and cash equivalents without recourse - Demand deposits", "Cash and cash equivalents with recourse - Demand deposits", "Cash and cash equivalents with recourse - Term deposits"; "Other financial investments recorded at amortized cost" with the amount of available unused credit lines by the Group.

Interim Consolidated Report 2020 14

In the first half of 2020, the financial results amounted to -42 million euros, an improvement of 10 million euros when compared with the first half of 2019, largely justified by the increase of the positive exchange differences generated in the period, due, essentially, to the appreciation of the euro against the kwanza.

Regarding the net financial charges (interest expenses - interest income), these amounted to 47 million euros in the first half of 2020, a slightly higher amount than the one verified in the first half of 2019 (44 million euros).

(*) Includes circa of 7 million euros associated with part of the effect arising from the consideration of Zimbabwe as a hyperinflationary economy (IAS 29)

In the first half of 2020, the caption "Gains / (losses) in associates and jointly controlled companies" (EM) contributed positively with 3.1 million euros to the net profit, a slightly higher amount than the one reached in the first half of 2019 (1.3 million euros), justified in part by the performance of SEM.

Regarding income tax (Tax), in the first half of 2020 it amounted to 5 million euros (-15 million euros in the first half of 2019), due essentially to a much lower income before taxes and a positive effect not recorded in 2019 arising from some tax investment benefits granted to the GROUP.

Finally, regarding non-controlling interests (NCI), those amounted in the first half of 2020 to 15 million euros, having them been generated, essentially, by the GROUP's subsidiaries in Mexico and Angola.

Thus, as a result of the operational and financial performance described above, significantly influenced by the impacts of the pandemic, the net profit (NP) attributable to the GROUP at June 30, 2020 amounted to -5.0 million euros (8.1 million euros in the first half of 2019).

Interim Consolidated Report 2020 15

Backlog (*) at June 30, 2020 reached 5.5 billion euros, a new record, with the regions of Africa and Latin America contributing with approximately 79% of the total amount, corresponding to a "backlog - to - sales and services rendered in the E&C business" ratio of 2.3x.

On the other hand, at June 30, 2020, the E&S business contributed with 760 million euros to the GROUP's backlog, even excluding the foreseeable revenues arising from the waste treatment and recovery contracts from EGF concessionary companies.

Lastly, it is worth to highlight, in a turbulent period, the backlog increase of approximately 126 million euros, when compared with December 31, 2019, to which, among others, the Mexican market contributed with the award, in partnership with China Communications Construction Company, of a contract for the construction of the first stretch of the new Mexican railway infrastructure called "Trem Maya" worthing more than 500 million euros.

(*) Turnover to be executed in contracts awarded at the exchange rate of June 30, 2020.

Interim Consolidated Report 2020 16

1.3 Analysis by business area

EUROPE

The Europe region manages the E&C and the E&S activities and companies that the GROUP has in Portugal, Poland, Ireland and in the United Kingdom, or which are managed by the management structure of this region. In the E&S area, waste collection activities (whose vehicle is SUMA) and waste treatment and recovery activities (whose vehicle is EGF) are developed.

In Europe, specifically in the E&C area, as a result of the pandemic, there were some interruptions in the projects arising from the measures enacted by the local authorities, as well as, the decisions taken by some of our customers, namely in some projects in progress in Portugal and in Ireland. Additionally, in Portugal, there were also some difficulties in the performance of some subcontractors which together with the implemented security measures allow to continue operating even at levels below normal. Finally, in this region, there were no significant constraints in the supply chain having been reduced the number of projects whose production was suspended for that reason.

However, despite the negative effects caused by the pandemic, the turnover in Europe in the first half of 2020 amounted to 455 million euros, an increase of 12% when compared with the first half of 2019 (407 million euros), helped both by the E&C area and by the E&S area.

In this chapter, it is worth noting the 14% increase in the E&C area turnover, influenced, essentially, by the strong activity in Poland (62% growth when compared with the first half of 2019), as well as, by the increase in the E&S area turnover, justified, essentially, by the waste collection business.

Additionally, in the first half of 2020, Portugal contributed with almost 50% to the E&C area turnover (circa of 60% in the first half of 2019).

In terms of operating profitability, the EBITDA in Europe in the first half of 2020 amounted to 48 million euros, an increase of 16% when compared with the first half of 2019 (41 million euros), being that increase justified, essentially, by the positive performance of the E&C area (+2.4 million euros), namely in Portugal and in Poland, but essentially by the performance of the E&S area (+5.6 million euros), namely in the waste collection business.

Interim Consolidated Report 2020 17

AFRICA

In Africa, as a result of the pandemic, there were also negative impacts arising from the measures enacted by the local authorities, as well as, by the decisions taken by some customers which led to interruptions in the majority of projects the in progress in Angola and in Uganda, having also justified some interruptions in the works performed in the Mozambique. On the other hand, in the remaining markets of the region, there was a production decrease justified, essentially, by the logistical constraints that turn more difficult the movement of people, goods and equipment's.

Thus, in the first half of 2020, a 15% decrease in the turnover of Africa occurred, when compared with the first half of 2019, having that indicator amounted to 385 million euros. In this chapter, it should be noted that the main markets of the region were hit in a similar way (Angola - 19% decrease and Mozambique - 14% decrease).

In terms of operating profitability, the EBITDA in Africa in the first half of 2020 amounted to 69 million euros, a decrease of 24% when compared with the first half of 2019, with the EBITDA margin decreasing to 18% (20% in the first half of 2019) with a balanced contribution from the several markets in the region.

Interim Consolidated Report 2020 18

LATIN AMERICA

In Latin America, the GROUP'S region more affected by the pandemic, there were also negative impacts arising from the measures enacted by the local authorities, as well as, by the decisions taken by some of our customers, with a special impact in Peru and Mexico, which led to the interruption / suspension of some projects. In this region, the market that felt earlier the effects of this situation was precisely Peru, with the decree of the State of Emergency and the Partial Compulsory Recollection. On the other hand, given the increasing number of infected people in the main countries where the GROUP operates in this region, the came back to normal activity levels is still difficult to predict.

Thus, taking in consideration the above referred, the turnover of Latin America in the first half of 2020 amounted to 305 million euros, a decrease of 33%, when compared with the first half of 2019, being the markets of Mexico and Peru the ones that contributed more to that performance.

Additionally, in the first half of 2020, Mexico contributed with 43% to the region's turnover (46% in the first half of 2019).

In terms of operating profitability, the EBITDA in Latin America in the first half of 2020 decreased 55%, when compared with the first half of 2019, amounting to 27 million euros, having been impacted, essentially, by the less good performance of the Mexican market.

Interim Consolidated Report 2020 19

1.4 Impacts and measures adopted by the Group in response to the pandemic

Since the beginning of the pandemic, and more specifically from the second week of March 2020, the GROUP is monitoring the evolution of this theme, in a first phase on a daily basis and currently with a lower frequency, fulfilling and disseminating the recommendations of the World Health Organization and the local authorities and acting in order to minimize the effects of that virus on its employees, on the communities where it operates and in its equity.

Specifically, in order to provide a coordinated and organized response to this crisis, the GROUP created a permanent monitoring committee ("Covid Committee") based on a support network with several capacities, which include the market managers and a dedicated central team. That network is centrally coordinated by the Executive Committee, which in a first phase met at least two times per week, and which have been briefed during that period about the impact of that crisis: (1) on people, (2) on current activity (on the economic and financial sides), (3) in the business plan for 2020 and (4) in the medium- term strategy.

As far the impact on people, the first decisions taken even anticipated the restrictions enacted by the several local authorities and were materialized in the definition of contingency plans to be applied in all places where the GROUP operates, whether in the different central offices or whether in shipyards, work fronts, industrial units, etc. In general, the GROUP implemented the teleworking for all functions where it proved to be feasible and in the operations it implemented reinforced safety and health policies, reinforcing individual protection means and monitoring the compliance of those policies by all people, whether they were employees of GROUP companies, subcontractors, suppliers, customers, inspectors, etc.. Additionally, in relation to the expatriates, the GROUP ensured a reinforcement of its security by hiring a "global rescue" company with support capacity both in terms of access to local healthcare's, as well as, providing return trips to its respective countries.

As far the impact in the current activity, there was a decrease in the turnover in 2020, when compared with the same period of 2019, and it is likely that new impacts may arise, namely due to the replanning of production in some markets while the outbreak and spread of the virus is not neutralized. Specifically in the E&C activity, there were some negative impacts arising from the restrictive measures of public health enacted by the local authorities, from the decisions taken by some of our customers to suspend / interrupt the ongoing projects, from having found some difficulties in the performance of some subcontractors, and from having found some logistical constraints that turn more difficult the movement of goods, equipment's and people. In the remaining activities, whether in the collection, recovery and treatment of waste, whether in the production and sale of energy, the activity has maintained a relatively normal level. In addition, despite the production levels verified and the stability in the collection and treatment of domestic waste, it was noticed a reduction in the industrial waste as a result of the strong slowdown verified in the economic activity.

Following the above mentioned, it is worth to highlight that in most of the projects, even in those in which there was an interruption by indication of the local authorities or from our customers, has been a constant dialogue with the latter ones in order to safeguard the financial balance of the contracts.

On the other hand, in order to ensure the liquidity management of the business, the GROUP, namely in Portugal, adhere to the moratorium regime established by the Portuguese State / financial system, which allowed it to postpone circa of 340 million euros of reimbursements of capital and interest. At the same time, the GROUP negotiated and has been negotiating additional liquidity lines with the Portuguese banks (COVID lines - in the amount of circa of 23 million euros) and with local banks in the main countries where it operates in Africa and in Latin America. Likewise, and taking in consideration the goal above referred, the GROUP accelerated a set of efficiency measures that were already underway and postponed some investments planned for 2020.

Thus, at June 30, 2020, the repayment of the gross debt with a maturity lower than 1 year, in the amount of 636 million euros, is fully assured through the available cash, through the available but unused credit lines, and / or through the operations refinanced or in progress of being refinanced after June 30, 2020 (314 million euros).

Regarding the accomplishment of the business plan for 2020, the GROUP has been periodically monitoring its evolution, as well as, taking some mitigating actions in order to minimize the deviations observed in the meantime. However, due to the fact that the uncertainties underlying the pandemic continue to persist, namely the duration of the public health restriction measures implemented, the duration of the restrictions in the movement of people, equipment's and goods, the possibility of a second wave and the possibility of discovering a new vaccine, any estimate performed has a limited degree of reliability.

Interim Consolidated Report 2020 20

Finally, regarding the medium-term strategy, the GROUP proceeded to a reflection over the "new normal" through a methodology based on 5 steps: (1) assessment and understanding of the situation in all its aspects and in all businesses / companies; (2) strengthening the resilience, ensuring the protection of its assets; (3) case by case planning of the necessary recovery; (4) simulation of new scenarios for the future; and (5) adapting the organization to the new regulatory and competitive environment (the "new normal"). Following that reflection, new action plans have already been developed with an expected positive impact on the GROUP's future performance. In this regard, in the first half of 2020, it is also important to highlight the commercial resilience shown by the GROUP which, in a troubled period, even so, managed to strengthen its backlog, which allows it to face the future with a moderate optimism.

1.5 Sustainability and social responsibility

Sustainability and social responsibility are fundamental vectors of the MOTA-ENGIL GROUP's conduct and its commitment to all countries where it operates.

Therefore, and reinforced in this pandemic period, the MOTA-ENGIL GROUP supports its decisions in a matrix that includes the environmental and social perspective alongside the economical one. The visibility of the maxim "A more sustainable GROUP, in a more sustainable world" is evident in the selection of recent actions that the GROUP has developed, and which are listed below:

1. Donation of high-tech medical equipment to hospital establishments and support centres for COVID-19;
2. Creation of the AJUDA @ ME platform by the Fundação Manuel António da Mota ("FMAM");
3. Launch of the 11th edition of the Manuel António da Mota Prize under the theme "Portugal Vence a Covid-19";
4. Campaigns to promote the health and safety of MOTA-ENGIL employees;
5. Attribution by FMAM of support under the "Mobilidade Integrada" program - donation of equipment's and interventions in the housing sphere for people with reduced mobility;
6. Maintenance by FMAM of support programs for MOTA-ENGIL employees (Scholarships, "Primeira infância" Program, Financial Office, Social Support Fund, Fund 1 + 2);
7. Proceed with the "Cantinho do Estudo" project with the Municipality of Vila Nova de Gaia (POCH, Partnership for Impact, Portugal Social Innovation);
8. Support provided by FMAM in the reconstruction / rehabilitation of degraded houses of families in situations of social and economic vulnerability;
9. Development of environmental awareness campaigns and actions with local communities and schools;
10. Realization of the 8th edition of the "Jovens Empreendedores" project;
11. Donation of books, schoolbooks and sports equipment to a school in Malawi and creation of a permanent relationship with this educational institution;
12. Within the scope of the construction of the Cabinda General Hospital, and with the support and guidance of FMAM, MOTA-ENGIL ANGOLA has been carrying out several activities of social nature with the surrounding communities, of which it is worth to highlight, the delivery of school kits and toys to schools and orphanages, the rehabilitation of classrooms at the Simindele primary school and the creation of a library, the rehabilitation of the Chibodo police station, the cleaning / rehabilitation of the local community's playground and the valorisation of the construction waste generated; and
13. As part of the construction of the Pediatric Hematological Institute, and with the support and guidance of FMAM, MOTA-ENGIL ANGOLA has also been carrying out several activities of social nature with the surrounding communities, of which it is worth to highlight, the rehabilitation of the buildings of the leper community stands of Funda - Luanda, the rehabilitation of the neonatology area and the waterproofing of the roof of the Pediatric Hospital David Bernardino, as well as, the supply and installation of air conditioning units for the Ministry of Health headquarters building.

Furthermore, it should be highlighted the historical milestone reached by the GROUP of 1,000 days and 4,500,000 hours worked without accidents in the mining project located in Moatize, Mozambique, which reinforces that safety work is a reality, the MOTA-ENGIL reality.

Interim Consolidated Report 2020 21

1.6 Future prospects

The prospects of MOTA-ENGIL GROUP for the year 2020, strongly conditioned by the uncertainty regarding the evolution of the pandemic, are as follows:

• Total turnover is expected to decrease due to Africa and Latin America, notwithstanding an expected increase in activity in Europe;
• EBITDA margin to remain below 2019;
• Backlog to stand above 5,000 million euros;
• Capex below 200 million euros (partially financed by down payments), down from an initial estimate of 200 - 250 million euros; and
• Focus on organic cash-flow generation in order to help strengthening the capital structure.

1.7 Subsequent events

Strategic partnership and investment agreement

MOTA-ENGIL S.G.P.S., S.A. informs that it is in the last stages of negotiation of a partnership and investment agreement (the "Agreement") with one of the largest infrastructures groups in the world (top five), with significant activity worldwide, aiming at such group (the "New Partner") becoming a relevant shareholder and a long-term partner of the GROUP MOTA-ENGIL.

In the context of the envisaged Agreement, MOTA GESTÃO E PARTICIPAÇÕES, SGPS, SA (MGP), the controlling shareholder of MOTA- ENGIL, has accepted to sell a relevant stake in the share capital of MOTA-ENGIL at a price that reflects a valuation which is high above the current market price.

Also pursuant to the Agreement, if concluded successfully - which is expected to occur shortly -, and assuming that the regulatory clearances and several other conditions precedent will be met, the New Partner:

• will enter into a partnership and investment understanding with GROUP MOTA-ENGIL to jointly develop commercial opportunities and
• will be committed to subscribe a relevant stake in a share capital increase of up to 100 million new shares that will be submitted for deliberation in a General Meeting, to be called shortly.

Following such share capital increase:

• a stake of around 40% of the share capital will be attributable to MGP, showing a fully commitment and alignment with its historical position in MOTA-ENGIL,
• the New Partner will reach a stake slightly above 30%.

This new configuration and the framework of this partnership, which is based on a Group´s valuation of circa 750 million euros, will enhance the financial, technical and commercial capabilities of GROUP MOTA-ENGIL in order to upscale its activities in all markets and will open new opportunities for further developments.

MOTA-ENGIL, as the leading Portuguese infrastructure multinational group, will strengthen its commitment, based on its 75- year culture and corporate values, towards its clients, employees, communities, environment and all other stakeholders.

Interim Consolidated Report 2020 22

1.8 Mota-Engil in Stock Market

The evolution of the performance of the MOTA-ENGIL share price in the first half of 2020 is shown in the following charts:

As at June 30, 2020 MOTA-ENGIL's share capital was comprised by of 237,505,141 shares, with a nominal value of one euro each, with all shares being listed on Euronext Lisbon. On that same date, MOTA-ENGIL held 6,091,581 own shares, corresponding to 2.565% of its share capital.

MOTA-ENGIL's share closed the first half of 2020 at a price of 1.142 euros corresponding to a market capitalization of circa of 271 million euros. The first half of the year was characterized by an increase of volatility in the financial markets, as well as, by an increase in the uncertainty and risk aversion by the investors following the Covid-19 pandemic that had its major impact between the months of March and May. This context led to a significant sell-off in the stock market, to which the performance of MOTA-ENGIL's share was not immune, having depreciated 39% during the first half of 2020. Also, the Portuguese stock index, PSI20, presented a negative performance in the first half, having depreciated 16%. Regarding the European sectorial index, SXOP, it closed the semester with a 14% devaluation.

During the first half of 2020, MOTA-ENGIL's share reached a maximum of 1.900 euros, recorded in early January, and a minimum of 1.012 euros, which was recorded in mid-May. In that period, a total of 156 million MOTA-ENGIL shares were traded in Euronext Lisbon corresponding to an average daily volume of 1,237 thousand shares.

The MOTA-ENGIL Annual Shareholders' Meeting of 2020 took place on June 18, having been approved all the points considered therein.

Porto, 25 August 2020

Gonçalo Moura Martins

Chief Executive Officer

José Pedro Freitas

Chief Financial Officer

Interim Consolidated Report 2020 23

From civil construction to energy, concessions and environment, Mota-Engil Group invested in new business sectors. Conquering new markets with the strength of a united Group, where team spirit is the main motor for building a future of continuous growth.

Interim Consolidated Financial Statements 2020

18

02

Consolidated

Financial

Information

Interim Consolidated Financial Statements 2020

27

CONSOLIDATED INCOME STATEMENTS

FOR THE SIX-MONTH PERIODS ENDED AT JUNE 30, 2020 AND 2019

1st Half

	Notes		2020	2019
		€ '000	€ '000
			(non audited)	(non audited)
Sales and services rendered	2	1 156 677	1 344 329
Cost of goods sold, mat. cons., Changes in production and Subcontractors		(502 249)	(613 338)
Third-party supplies and services		(244 269)	(267 777)
Wages and salaries		(268 139)	(286 689)
Other operating income / (expenses)	3	2 055	17 491
Amortisations and depreciations	2	(95 798)	(102 043)
Provisions and impairment losses	2	(15 575)	(1 236)
Financial income and gains	4	126 941	43 933
Financial costs and losses	4	(169 203)	(95 793)
Gains / (losses) in associates and jointly controlled companies		3 181	1 297
Gains / (losses) in the disposal of subsidiaries, jointly controlled and associated companies		3 655	-
Net monetary position		7 359	-
Income before taxes		4 635	40 175
Income tax		5 416	(14 653)
Consolidated net profit of the period		10 051	25 521
Attributable:
to non-controlling interests		15 092	17 395
to the Group	5	(5 041)	8 126
Earnings per share:		-0.022 €	0.035 €
basic	5
diluted	5	-0.022 €	0.035 €
To be read with the Notes to the consolidated financial statements

Interim Consolidated Financial Statements 2020

28

CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME

FOR THE SIX-MONTH PERIODS ENDED AT JUNE 30, 2020 AND 2019

	1st Half
	2020		2019
	€ '000		€ '000
	(non audited)		(non audited)
Consolidated net profit of the period	10 051		25 521
Items of other comprehensive income that may be reclassified to the income statement
Companies consolidated by the full consolidation method
Exchange differences arising from the conversion of financial statements expressed in foreign currencies:	(5 765)		(2 687)
Associated with the impact of hyperinflation in previous years
Others	(68 012)		(21 271)
Variation, net of tax, of the fair value of derivative financial instruments	109		(500)
Impact of hyperinflation in Zimbabwe	(18 244)		-
Companies consolidated by the equity method	(2 852)		8
Exchange differences arising from the conversion of financial statements expressed in foreign currencies
Variation, net of tax, of the fair value of derivative financial instruments	(497)		(1 099)
Other comprehensive income in companies consolidated by the equity method	-		317
Items of other comprehensive income that will not be reclassified to the income statement
Companies consolidated by the full consolidation method	7 980		(62)
Variation, net of tax, of the fair value of tangible assets
Variation, net of tax, of the fair value of other financial investments recorded at fair value through other comprehensive income	12 245		-
Actuarial deviations, net of tax	(2 325)		-
Total of other comprehensive income of the period	(77 362)		(25 294)
Total consolidated comprehensive income for the period	(67 311)		227
Attributable:
	(25 176)		6 934
to non-controlling interests
to the Group	(42 135)		(6 707)
To be read with the Notes to the consolidated financial statements

Interim Consolidated Financial Statements 2020

29

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

AS AT JUNE 30, 2020 AND DECEMBER, 31 2019

	Notes
Assets
Non-current
Goodwill	6
Intangible assets
Tangible assets
Rights of use assets
Financial investments in associates	2 and 7
Financial investments in jointly controlled companies	2
Other financial investments recorded at amortised cost	8
Other financial investments recorded at fair value through other comprehensive income	8
Investment properties	9
Customers and other debtors
Other non-current assets
Derivative financial instruments
Deferred tax assets
Total non-current assets
Current
Inventories
Customers and other debtors
Contract assets
Other current assets
Corporate income tax
Other financial investments recorded at amortised cost	8
Cash and cash equivalents with recourse - Term deposits	10
Cash and cash equivalents without recourse - Demand deposits	10
Cash and cash equivalents with recourse - Demand deposits	10
Non-current assets held for sale	11
Total current assets
Total Assets	2
Liabilities
Non-current
Loans without recourse	12
Loans with recourse	12
Lease liabilities	13
Derivative financial instruments
Suppliers and sundry creditors
Liabilities associated with customers contracts
Other non-current liabilities
Provisions
Deferred tax liabilities
Total non-current liabilities
Current
Loans without recourse	12
Loans with recourse	12
Other financial liabilities	13
Lease liabilities	13
Derivative financial instruments
Suppliers and sundry creditors
Liabilities associated with customers contracts
Other current liabilities
Corporate income tax
Non-current liabilities held for sale	11
Total current liabilities
Total Liabilities	2

Shareholders' equity

Share capital

Own shares

Reserves, retained earnings and share premiums

Consolidated net profit of the period/year

Own funds attributable to the Group

Non-controlling interests

Total shareholders' equity

Total shareholders' equity and liabilities

To be read with the Notes to the consolidated financial statements

30/06/2020	31/12/2019
€ '000	€ '000
(non audited)	(audited)
23 430	22 233
613 894	629 811
454 333	460 028
264 420	246 411
85 479	103 908
23 972	19 902
184 728	212 078
69 384	54 088
167 905	161 753
155 275	184 433
5 592	5 427
100	4
189 629	186 296
2 238 142	2 286 371
290 482	332 599
979 167	1 059 462
619 024	568 360
99 119	54 799
39 901	35 146
1 743	10 568
78 346	98 303
43 799	34 593
312 637	299 957
126 507	274 407
2 590 724	2 768 193
4 828 866	5 054 564
126 827	110 425
1 106 003	866 760
213 518	203 883
684	688
97 640	93 943
47 183	44 247
153 170	157 746
110 179	106 587
159 025	161 984
2 014 229	1 746 263
47 035	50 148
589 028	841 592
111 237	208 156
78 349	69 999
-	9
776 197	885 832
333 386	233 639
595 007	530 905
23 722	30 395
25 540	129 600
2 579 502	2 980 272
4 593 731	4 726 535
237 505	237 505
(10 232)	(10 232)
(196 702)	(177 674)
(5 041)	26 728
25 530	76 327
209 605	251 703
235 135	328 030
4 828 866	5 054 564

Interim Consolidated Financial Statements 2020

30

CONSOLIDATED STATEMENTS OF

FOR THE SIX-MONTH PERIODS ENDED

(AMOUNTS IN

								Fair value reserves
	Share capital		Own shares		Share premiums	Financial		Properties	Derivatives
			investments
Balance as at December 31, 2018 (audited)	237 505		(10 232)		92 584	27 702		690	65
Consolidated net profit of the period	-		-		-	-		-	-
Total of other comprehensive income of the period	-		-		-	-		-	(1 599)
Dividend distribution	-		-		-	-		-	-
Transfers to other reserves	-		-		-	-		-	-
Other movements	-		-		-	-		-	-
Balance as at June 30, 2019 (non audited)	237 505		(10 232)		92 584	27 702		690	(1 533)
Balance as at December 31, 2019 (audited)	237 505		(10 232)		92 584	27 702		17 261	(649)
Consolidated net profit of the period	-		-		-	-		-	-
Total of other comprehensive income of the period	-		-		-	12 245		5 202	(389)
Dividend distribution	-		-		-	-		-	-
Transfers to other reserves	-		-		-	-		-	-
Other movements	-		-		-	-		-	-
Balance as at June 30, 2020 (non audited)	237 505		(10 232)		92 584	39 947		22 462	(1 038)

To be read with the Notes to the consolidated financial statements

Interim Consolidated Financial Statements 2020

31

CHANGES IN EQUITY

AT JUNE 30, 2020 AND 2019

THOUSANDS OF EUROS)

Currency		Other reserves		Own funds	Own funds
	Net profit of the	attributable to non-	Shareholders'
translation	Legal reserves	and retained	attributable to the
reserves		earnings	period	Group	controlling	equity
		interests
(212 093)	55 166	(37 491)	23 612	177 509	269 037	446 546
-	-	-	8 126	8 126	17 395	25 521
(13 488)	-	254	-	(14 833)	(10 462)	(25 294)
-	-	(17 125)	-	(17 125)	(9 328)	(26 452)
-	-	23 612	(23 612)	-	-	-
-	-	(5 448)	-	(5 448)	3 033	(2 415)
(225 581)	55 166	(36 197)	8 126	148 231	269 676	417 906
(292 752)	57 733	(79 555)	26 728	76 327	251 703	328 030
-	-	-	(5 041)	(5 041)	15 092	10 051
(51 827)	-	(2 325)	-	(37 094)	(40 268)	(77 362)
-	-	-	-	-	(1 850)	(1 850)
-	-	26 728	(26 728)	-	-	-
-	-	(8 662)	-	(8 662)	(15 072)	(23 734)
(344 579)	57 733	(63 813)	(5 041)	25 530	209 605	235 135

Interim Consolidated Financial Statements 2020

32

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE SIX-MONTH PERIODS ENDED AT JUNE 30, 2020 AND 2019

Notes

Operating activities

Cash receipts from customers

Cash paid to suppliers

Cash paid to employees

Cash generated from operating activities

Income tax (paid)/received

Other receipts/(payments) generated by operating activities

Net cash from operating activities (1)

Investing activities

Cash receipts from:

Financial investments

Tangible, intangible and rights of use assets

Investment grants

Interest and similar income

Other treasury applications

Dividends

Cash paid in respect of:

Financial investments

Loans granted

Tangible, intangible and rights of use assets

Net cash from investing activities (2)

Financing activities

Cash receipts from:

Loans obtained

Lease contracts

Cash paid in respect of:

Loans obtained

Lease contracts

Interest and similar expenses

Dividends

Net cash from financing activities (3)

Changes in cash and cash equivalents (4)=(1)+(2)+(3)

Impact of cash and cash equivalents of the held for sale companies

Effect of currency exchange differences

Impact of hyperinflation in cash and cash equivalents at the beginning of the period

Cash and cash equivalents at the beginning of the period

Cash and cash equivalents at the end of the period

10

To be read with the Notes to the consolidated financial statements

2020

€ '000

(non audited)

1 040 403

(663 615)

(263 537)

113 251

(13 293)

428

100 386

53 347

14 435

4 359

27 494

19 957

2 183

121 775

(3 597)

-

(108 605)

(112 202)

9 573

1. 164

1. 969

178 133

(72 460)

(52 678)

(102 320)

(1 850)

(229 307)

(51 174)

58 784

(210)

(37 275)

586

1. 550

1. 436

2019

€ '000

(non audited)

1 122 921

(835 228)

(194 609)

93 084

(12 809)

514

80 789

14 641

9 302

-

16 203

30 543

652

71 341

(11 916)

(11 962)

(115 801)

(139 678)

(68 337)

1. 605

1. 822

234 427

(86 226)

(22 969)

(75 975)

(21 441)

(206 611)

27 817

40 268

-

1 148

-

1. 852

1. 269

Interim Consolidated Financial Statements 2020

33

0. Introduction

The core businesses of MOTA-ENGIL, SGPS, SA, with head office at Edifício Mota, Rua do Rego Lameiro, nº 38 4300-454 Porto (MOTA-ENGIL SGPS or COMPANY), and its subsidiaries (GROUP or MOTA-ENGIL GROUP), are public and private construction works and related activities, as well as, waste collection and treatment. The GROUP's activity is essentially developed in three regions: Europe, Africa and Latin America. Lastly, the shares of MOTA-ENGIL, SGPS are listed at Euronext Lisbon.

The detailed description of the GROUP's activity is provided in Note.2 Business segments of these Notes.

All amounts disclosed in these Notes are presented in thousand euros, rounded off to the unit, unless explicitly stated otherwise.

1. Basis of presentation, of consolidation and main accounting policies

1.1. BASIS OF PRESENTATION

The consolidated financial statements of MOTA-ENGIL GROUP were prepared on a going concern basis from the books and accounting records of the companies comprising it adjusted in the consolidation process.

The Board of Directors assessed the ability of the GROUP in terms of going concern, based on all relevant information, facts and circunstances of financial, commercial or other nature, including events occurred after the reference date of the financial statements, available on the future. As a result of the assessement made, the Board of Directors concluded that the GROUP has appropriate resources to keep its business and has no intention to cease it in the short term. Therefore, it found appropriate the use of the going concern assumption in the preparation of the attached consolidated financial statements.

These consolidated financial statements were prepared in accordance with the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) and in accordance with the interpretations issued by the International Financial Reporting Interpretations Committee (IFRIC) or by the former Standards Interpretation Committee (SIC), as adopted by the European Union as at January 1, 2020. Regarding GROUP companies which use different accounting standards, the respective financial statements were subject to conversion adjustments to IFRS.

These consolidated financial statements are presented in Euros since it is the main currency of the GROUP'S operations. The financial statements of the affiliate companies expressed in foreign currencies were converted to Euro in accordance with the described in the Notes 1.3 h) and i) of the basis of consolidation disclosed in the 2019 Consolidated Report and Accounts.

All estimates and assumptions made by the Board of Directors were based on their knowledge of the events and transactions in progress as at the date of approval of these financial statements.

In preparing the consolidated financial statements, in accordance with the IFRS, the GROUP'S Board of Directors adopted certain assumptions and estimates which affected the reported amounts of assets and liabilities, as well as, the income and costs incurred in the the periods disclosed, which are described in subparagraph xxii) of the chapter main accounting policies disclosed in the 2019 Consolidated Report and Accounts.

At last, the consolidated financial statements of MOTA-ENGIL GROUP as at June 30, 2020 were prepared in accordance with the accounting policies and the calculations methods disclosed in the 2019 Consolidated Report and Accounts, taking in consideration the provisions of IAS 34 - Interim financial reporting.

Interim Consolidated Financial Statements 2020

34

1.2. STANDARDS, INTERPRETATIONS, AMENDMENTS AND REVISIONS WHICH BECAME EFFECTIVE IN THE SEMESTER

The following standards, interpretations, amendments and revisions endorsed by the European Union were adopted for the first time in the six-month period ended at June 30, 2020:

Standard / Interpretation	Applicable in the European	Contents
Union in the financial years
	started in or after
IFRS 3 (amendment) - Definition of a business	1/jan/20	The amendment revises the definition of a business in order to account
		for business combinations. The new definition requires that an
		acquisition include an input, as well as a substantial process that
		jointly generate outputs. Outputs are now defined as goods and
		services rendered to customers, that generate investment income and
		other income, and exclude returns as lower costs and other economic
		benefits for shareholders. Optional 'concentration tests' for the
		assessment if one transaction is the acquisition of an asset or a
		business combination, are allowed.
IFRS 9, IAS 39 and IFRS 7 (amendment) - Interest rate benchmark	1/jan/20	This amendment is part of the first phase of IASB 'IBOR reform' project
reform		and provide certain reliefs in connection with interest rate benchmark
		reform. The relief relate to hedge accounting, in terms of: i) risk
		components; ii) 'highly probable' requirement; iii) prospective
		assessment; iv) retrospective effectiveness test (for IAS 39 adopters);
		and v) recycling of the cash flow hedging reserve, with the objective that
		interest rate benchmark reform does not cause hedge accounting to be
		discontinued. However, any hedge ineffectiveness should continue to be
		recorded in the income statement.
IAS 1 and IAS 8 (amendment) - Definition of material	1/jan/20	This amendment revises the concept of "material". Includes
		clarifications as to obscured information, its effect being similar to the
		omission or distortion of information; and also, clarifications as to the
		term 'primary users of general purpose financial statements', defined
		as 'existing or potential investors, lenders and other creditors' that rely
		on general purpose financial statements to obtain a significant part of
		the information that they need.
Conceptual framework - Amendments to references in other IFRS	1/jan/20	As a result of the publication of the new conceptual framework, the IASB
		introduced changes to the text of several standards and interpretations,
		in order to clarify the application of the new definitions of asset /
		liability and expense / income, in addition to some of the
		characteristics of financial information. These amendments are
		retrospective, except if impractical.

At June 30, 2020 no material impacts arise in the attached consolidated financial statements from the adoption of the standards, interpretations, amendments and revisions above referred.

Interim Consolidated Financial Statements 2020

35

1.3. STANDARDS, INTERPRETATIONS, AMENDMENTS AND REVISIONS NOT YET ENDORSED BY THE EUROPEAN UNION

The following standards, interpretations, amendments and revisions, with mandatory application in future years, as at June 30, 2020, were not yet endorsed by the European Union:

	Applicable in the European	Contents
Standard / Interpretation	Union in the financial years
	started in or after
IFRS 16 (amendment) - Leases - COVID-19 related rent concessions	1/jun/20	This amendment introduces a practical expedient for lessees (but not for
		lessors), which exempts them from assessing whether the rent
		concessions granted by lessors under COVID-19 are a modification to the
		lease contract, when three criteria are cumulatively met: i) the change in
		lease payments results in a revised fee for the lease that is substantially
		equal to, or less than, the fee immediately prior to the change; ii) any
		reduction in lease payments only affects payments due on or before
		June 30, 2021; and iii) there are no substantive changes to other lease
		terms and conditions. Lessees that choose to apply this practical
		expedient, recognise the change in rent payments, as variable rents in
		the period(s) in which the event or condition leading to the payment
		reduction occurs. This amendment is applied retrospectively with the
		impacts reflected as an adjustment to retained earnings (or another
		equity component, as appropriate) at the beginning of the annual
		reporting period in which the lessee applies this amendment for the first
		time.
IFRS 1 - Subsidiary as an IFRS adoper for the first time	1/jan/22	This improvement clarifies that when the subsidiary chooses to measure
		its assets and liabilities at the amounts included in the parent company's
		consolidated financial statements, the measurement of the cumulative
		translation differences of all foreign operations can be made at the
		amounts that would be recorded in the financial statements.
		consolidated, based on the transition date of the parent company to
		IFRS.
IFRS 9 - Derecognition of liabilities - costs incurred to be included in	1/jan/22	This improvement clarifies that in the scope of derecognition tests
the 10% variation test		carried out on renegotiated liabilities, the borrower must determine the
		net amount between fees paid and fees received considering only the
		fees paid or received between the borrower and the financier, including
		fees paid or received, by any one of the entities on behalf of the other.
IFRS 16 - Leasing incentives	1/jan/22	This improvement refers to the amendment to Illustrative example 13
		that accompanies IFRS 16, to eliminate inconsistencies in the accounting
		treatment of lease incentives, attributed by the lessor.
IAS 41 - Taxation and measure of fair value	1/jan/22	This improvement eliminates the requirement to exclude tax cash flows
		when measuring the fair value of biological assets, ensuring consistency
		with the principles of IFRS 13 - 'Fair value'.
IFRS 1 (amendment) - Presentation of financial statements -	1/jun/22	This amendment intends to clarify that liabilities are classified as either
classification of liabilities		current or non-current balances depending on the rights that an entity
		has to defer its payment, at the end of each reporting period. The
		classification of liabilities is not affected by the entity's expectations (the
		assessment should determine whether a right exists, but should not
		consider whether or not the entity will exercise that right), or by events
		occurring after the reporting date, such as the non-compliance of a given
		"covenant". This amendment also introduces a new definition of
		"settlement" of a liability. This amendment is applied retrospectively.

Interim Consolidated Financial Statements 2020

36

Standard / Interpretation	Applicable in the European	Contents
Union in the financial years
	started in or after
IFRS 3 (amendment) - Reference to the Conceptual framework	1/jun/22	This amendment updates the references to the conceptual framework in
		the text of IFRS 3, without changing the accounting requirements for
		business combinations. This amendment also clarifies the accounting
		treatment to be given to contingent liabilities and liabilities under IAS 37
		and IFRIC 21, incurred separately versus within a business combination.
		This amendment is applied prospectively.
IAS 16 (amendment) - Proceeds before intended use	1/jun/22	This amendment changes the accounting treatment of the proceeds
		obtained from the sale of products that resulted from the production
		test phase of property, plant and equipment, prohibiting their deduction
		to the acquisition cost of assets. This amendment is applied
		retrospectively without restating comparatives.
IFSR 37 (amendment) - Onerous contracts	1/jun/22	This amendment specifies that when assessing whether a contract is
		onerous or not, only expenses directly related to the performance of the
		contract, such as incremental costs related to direct labor and materials
		and the allocation of other expenses directly related to the allocation of
		depreciation expenses of tangible assets used to carry out the contract,
		can be considered. This amendment must be applied to contracts that,
		at the beginning of the first annual reporting period to which the
		amendment is applied, still include contractual obligations to be
		satisfied, without restating comparatives.
IFRS 17 - Insurance contracts	1/jan/23	This new standard replaces IFRS 4 and applies to all entities issuing
		insurance contracts, reinsurance contracts and investment contracts
		with discretionary participation characteristics. IFRS 17 is based on the
		current measurement of technical liabilities at each reporting date. The
		current measurement can be based on a complete "building block
		approach" or a "premium allocation approach". The recognition of the
		technical margin is different if it is positive or negative. IFRS 17 is applied
		retrospectively.
IFSR 17 (amendment) - Insurance contracts	1/jan/23	This amendment includes specific changes in eight areas of IFRS 17, such
		as: i) scope; ii) level of aggregation of insurance contracts; iii)
		recognition; iv) measurement; v) modification and derecognition; vi)
		presentation of the statement of financial position; vii) recognition and
		measurement of the Income statement; and viii) disclosures. This
		amendment also includes clarifications, which aim to simplify some of
		the requirements of this standard and ease transition. IFRS 17 is applied
		retrospectively.

At the present date, no material impacts are expected from the adoption of the standards, interpretations, amendments and revisions above referred.

2. Business segments

The GROUP uses its internal organization for management purposes as a basis for its reporting of information by business segments.

The GROUP is organized into the following geographical areas: Europe (subdivided in Engineering and Construction and Environment and Services), Africa and Latin America.

The amounts regarding MOTA-ENGIL, SGPS, MOTA-ENGIL CAPITAL and its affiliated companies and other instrumental companies are included in the heading "Others, eliminations and intra-group", which also include the amounts related to balances and transactions maintained between the business segments.

These segments were identified taking in consideration the fact that they correspond to units of the GROUP that develop activities where it is possible to identify separately income and expenses, for which separate financial information is produced, for which the operating results are reviewed by management and over which decisions are taken.

The companies / entities included in the consolidation perimeter and the respective consolidation methods, head offices, effective holding percentage, activity, incorporation date and acquisition date are those disclosed in Appendix A.

Interim Consolidated Financial Statements 2020

37

In the six-month periods ended at June 30, 2020 and 2019, the financial information by business segment can be analysed as follows:

Europe Engineering and Construction

Europe Environment and Services

Africa

Latin America

Others, eliminations and intra-group

Mota-Engil Group

Sales and services rendered	EBITDA
2020	2019	2020	2019
330 652	283 511	12 872	10 480
137 296	126 840	34 982	29 433
385 273	452 580	69 441	91 339
305 275	457 494	26 506	59 078
(1 819)	23 904	274	3 685
1 156 677	1 344 329	144 075	194 016

EBITDA corresponds to the algebraic sum of the following headings of the consolidated income statement: "Sales and services rendered" + "Costs of goods sold, mat.cons., Changes in production and Subcontractors" + "Third-party suppliers and services" + "Wages and salaries" + "Other operating income / (expenses)".

In the six-month periods ended at June 30, 2020 and 2019, the information regarding amortisations and depreciations, as well as, regarding provisions and impairment losses can be analysed as follows:

Europe - Engineering and Construction

Europe - Environment and Services

Africa

Latin America

Others, eliminations and intra-group

Mota-Engil Group

Amortisations and depreciations	Provisions and impairments losses
2020	2019	2020	2019

10 817	9 876	99	(219)
31 169	30 365	(795)	263
43 291	48 678	9 210	(4 183)

8 964	11 077	5 095	1 113
1 557	2 046	1 966	4 262
95 798	102 043	15 575	1 236

In the six-month period ended at June 30, 2020, the provisions and impairments losses recorded were assign, essentially, to the potencial negative effects caused by the Covid-19 pandemic in the future colection of some accounts receivable and in the realization of some non-current assets.

As at June 30, 2020 and December 31, 2019, the net assets and liabilities of the GROUP by business segment can be analysed as follows:

Europe Engineering and Construction

Europe Environment and Services

Africa

Latin America

Others, eliminations and intra-group

Mota-Engil Group

Assets		Liabilities
30/06/2020	31/12/2019	30/06/2020	31/12/2019
996 891	986 933	744 907	761 127
966 361	953 345	772 058	771 425
2 042 333	1 989 463	1 678 509	1 620 215
1 083 933	1 320 677	1 220 161	1 146 067
(260 651)	(195 854)	178 096	427 701
4 828 866	5 054 564	4 593 731	4 726 535

As at June 30, 2020 and December 31, 2019, the capex and the financial investments in associates and in jointly controlled companies by business segment can be analysed as follows:

	Capex (a)	Financial investments in associates
	and in jointly controlled companies
	30/06/2020	31/12/2019	30/06/2020	31/12/2019
Europe - Engineering and Construction	15 355	19 456	-	-
Europe - Environment and Services	25 987	100 670	2 891	2 834
Africa	40 711	70 864	2 941	8 739
Latin America	11 284	69 354	98 680	104 153
Others, eliminations and intra-group	832	2 022	4 938	8 084
Mota-Engil Group	94 170	262 366	109 451	123 810

(a) Net increase (increases-disposals) occurred in the captions intangible assets, tangible assets and rights of use assets.

In the six-month period ended at June 30, 2020, there were no changes in the GROUP business segments nor in the methodology of calculation and accounting the amounts included in them.

3. Other operating income / (expenses)

In the six-month periods ended at June 30, 2020 and 2019, this heading included circa of 7,000 thousand Euros and 12,700 thousand Euros, respectively, of positive fair value changes in some investment properties held by the GROUP in Mexico.

Interim Consolidated Financial Statements 2020

38

4. Financial results

The financial results (financial income and gains - financial costs and losses) for the six-month periods ended at June 30, 2020 and 2019 can be analysed as follows:

		2020	2019
	Financial income and gains
	Assets measured at amortised cost	20 872	14 709
	Interest income
	Prompt payment discounts received	209	162
	Favourable exchange differences	97 888	25 108
	Other financial assets	1 799	-
	Dividends received - Other financial investments recorded at fair value through the comprehensive income
	Other financial income and gains	6 173	3 954
			126 941	43 933
	Financial costs and losses
	Liabilities measured at amortised cost	67 599	58 403
	Interest expenses
	Prompt payment discounts granted	188	313
	Unfavourable exchange differences	52 070	12 503
	Other financial liabilities:	49 346	24 573
	Other financial costs and losses
		169 203		95 793
	Financial results		(42 262)		(51 860)

5. Earnings per share

The COMPANY issued only ordinary shares and therefore there are no special dividends or voting rights.

There are no situations in the GROUP that might lead to a reduction of earnings per share as a result of options, warrants, convertible bonds or other rights associated to ordinary shares. Therefore, there is no dissimilarity between the calculation of basic earnings per share and the calculation of diluted earnings per share.

In the six-month periods ended at June 30, 2020 and 2019 no ordinary shares were issued.

In the six-month periods ended at June 30, 2020 and 2019, the calculation of the earnings per share can be detailed as follows:

Consolidated net profit of the period attributable to the Group:	(I)
Average number of ordinary shares	(II)
Average number of own shares during the period	(III)
Average number of shares outstanding	(II - III)
Earnings per share:
basic	(I) / (II - III)
diluted	(I) / (II - III)

2020	2019
(5 041)	8 126

	237 505 141		237 505 141
	6 091 581		6 091 581
	231 413 560		231 413 560
-€	0,022	€	0,035
-€	0,022	€	0,035

Interim Consolidated Financial Statements 2020

39

6. Goodwill

The information regarding Goodwill as at June 30, 2020 and December 31, 2019, can be analysed as follows:

Europe Engineering and Construction

Mota-Engil Central Europe Poland

30/06/2020 31/12/2019

Net	Net
Goodwill	Goodwill

5 648

5 764

				5 648	5 764
Europe Environment and Services
Suma Group	9 380	9 380
Others		1 023		1 023
				10 403	10 403
Africa
Estradas do Zambeze	2 711	-
Others	1 047	1 166
				3 758		1 166
Latin America
Empresa Construtora Brasil	3 273	4 430
Consita	348	470
				3 621	4 900
				23 430		22 233

The movements occurred in Goodwill during the six-month periods ended at June 30, 2020 and 2019 were as follows:

	2020	2019
Goodwill at the beginning of the semester	22 233	36 852
Changes in goodwill due to changes in the perimeter
Sistemas Electricos Metropolitanos	-	2 739
Estradas do Zambeze	2 711	-
	2 711	2 739
Changes in goodwill due to exchange differences
Mota-Engil Central Europe Poland	(116)	37
Empresa Construtora Brasil	(1 157)	96
ME Construction South Africa	-	230
Others	(241)	11
	(1 514)	374
Goodwill at the end of the semester	23 430	37 226

In the six-month period ended at June 30, 2020, the GROUP increased its shareholding in 55% in ESTRADAS DO ZAMBEZE, obtaining the control over this entity and helding now 95% of its share capital.

7. Financial investments in associates

As at June 30, 2020 and December 31, 2019, the detail of the financial investments in associates was as follows:

		30/06/2020	31/12/2019
	Concessionária Autopista Cardel (Latin America segment)		27 514		29 908
	Autopista Urbana Siervo de la Nación (Latin America segment)		24 637		27 638
	Concessionária Autopista Tuxpan-Tampico (Latin America segment)		21 191		25 046
	Associated companies of Suma Group (Europe - Environment and Services segment)		2 891		2 834
	SPRI (Africa segment)		2 026		2 480
	Estradas do Zambeze and its affiliate (Africa segment)		-		5 556
	Others		7 220		10 446
			85 479		103 908

In the six-month period ended at June 30, 2020, the reduction occurred in this heading arise, essentially, from the negative exchange impact verified in the financial investments held in the Mexican highway concessionaire companies, as well as, the change of the consolidation method of ESTRADAS DO ZAMBEZE, as a result of the obtainance of control during the period.

Interim Consolidated Financial Statements 2020

40

8. Other financial investments

As at June 30, 2020 and December 31, 2019, the detail of the other financial investments was as follows:

Other financial investments recorded at amortised cost (non-current)

Angola sovereign bonds

Ivory Coast sovereign bonds

Other financial investments recorded at amortised cost (current)

Angola sovereign bonds

Ivory Coast sovereign bonds

Other financial investments recorded at fair value through other comprehensive income

BAI-Banco Angolano de Investimentos

STI

Auto - Sueco Angola

Concessionária Alternativas Viales

Others

30/06/2020	31/12/2019
184 728	201 118
-	10 960
184 728	212 078
1 743	8 741
-	1 827
1 743	10 568
186 472	222 646
56 573	40 776
4 577	5 144
2 724	2 724
1 299	1 480
4 211	3 964
69 384	54 088

9. Investment properties

In the six-month period ended at June 30, 2020, the movement occurred in this heading was justified, essentially, by the consolidation of LOGZ (following the acquisition of 70% of its share capital), by the positive fair value change occurred in some investment properties held in Mexico and by the negative exchange effect verified in the investment properties held by the GROUP in Latin America.

10. Cash and cash equivalents

The amounts included in the headings "Cash and cash equivalents with recourse" as at June 30, 2020 and December 31, 2019 are as follows:

	Demand deposits	Term deposits	Total
	30/06/2020	31/12/2019	30/06/2020	31/12/2019	30/06/2020	31/12/2019
Other treasury applications	-	525	-	-	-	525
Bank deposits and cash in hand
Bank deposits	309 554	296 895	78 346	98 303	387 899	395 198
Cash in hand	3 083	2 537	-	-	3 083	2 537
	312 637	299 957	78 346	98 303	390 982	398 260

The amounts included in the heading "Cash and cash equivalents without recourse" as at June 30, 2020 and December 31, 2019 are as follows:

	Demand deposits
	30/06/2020	31/12/2019
Bank deposits and cash in hand
Bank deposits	43 773	34 572
Cash in hand	26	21
	43 799	34 593

11. Non-current assets / liabilities held for sale

The information regarding the non-current assets and liabilities held for sale as at June 30, 2020 and December 31, 2019, can be analysed as follows:

	30/06/2020	31/12/2019
Financial investment in Lineas Group (Others, eliminations and intra-group segment)	89 396	89 396
Takargo assets (Others, eliminations and intra-group segment)	30 754	31 092
APP Coatzacoalcos Villahermosa assets (Latin America segment)	-	131 347
Mercado Urbano assets (Others, eliminations and intra-group segment)	-	14 577
Others (Others, eliminations and intra-group segment)	6 356	7 995
Non-current assets held for sale	126 507	274 407
	30/06/2020	31/12/2019
Takargo liabilities (Others, eliminations and intra-group segment)		25 540		23 804
APP Coatzacoalcos Villahermosa liabilities (Latin America segment)		-		97 964
Mercado Urbano liabilities (Others, eliminations and intra-group segment)		-		7 832
Non-current liabilities held for sale		25 540		129 600

Interim Consolidated Financial Statements 2020

41

In the six-month period ended at June 30, 2020, the movement occurred in the headings non-current assets / liabilities held for sale was justified, essentially, by the sale of 100% of MERCADO URBANO - GESTÃO IMOBILIÁRIA, SA. and by the partial sale with loss of control of APP COATZACOALCOS VILLAHERMOSA, SAPI DE CV. Together, those transactions generated a capital gain of circa of 2 million Euros.

12. Loans

The amounts related to loans with recourse as at June 30, 2020 and December 31, 2019 are as follows:

	Current	2 years	2 to 5 years	over 5 years	Non-current	Total
	(1 year)
30/06/2020	67 048	12 533	328 557	-	341 090	408 138
Non-convertible bond loans
Amounts owed to credit institutions	315 837	243 579	389 562	70 612	703 753	1 019 590
Bank loans
Overdraft facilities	43 342	-	-	-	-	43 342
Revolving facilities	55 217	-	-	-	-	55 217
Other loans obtained	93 307	47 517	7 472	-	54 990	148 297
Commercial paper issues
Other loans	14 278	5 207	964	-	6 171	20 448
	589 028	308 836	726 555	70 612
	1 106 003	1 695 032
31/12/2019	61 059	21 737	331 575	-	353 312	414 371
Non-convertible bond loans
Amounts owed to credit institutions	560 606	176 790	273 234	10 924	460 948	1 021 554
Bank loans
Overdraft facilities	55 075	-	-	-	-	55 075
Revolving facilities	64 616	-	-	-	-	64 616
Other loans obtained	99 990	24 500	28 000	-	52 500	152 490
Commercial paper issues
Other loans	246	-	-	-	-	246
	841 592	223 027	632 809	10 924
	866 760	1 708 352

Although the commercial paper issues fall due in one year or less, generally they are covered by medium and long term programmes which ensure their automatic renewal over time. Under these circumstances and since the GROUP'S Board of Directors intends to pursue the use of the aforesaid programmes while they are in force, it recorded those commercial paper issues as liabilities due in the medium and long term.

The amounts related to loans without recourse as at June 30, 2020 and December 31, 2019 are as follows:

			Current	2 years		2 to 5 years		over 5 years		Non-current		Total
			(1 year)
	30/06/2020
	Amounts owed to credit institutions		24 447	11 430	86 191	19 268	116 889		141 336
	Bank loans
	Revolving facilities		20 088	-	-	-	-		20 088
	Other loans obtained		2 500	2 500	7 439	-	9 939		12 439
	Commercial paper issues
			47 035	13 930	93 629	19 268	126 827		173 863
31/12/2019
	Amounts owed to credit institutions		27 596	13 228	71 079	14 929	99 236		126 833
	Bank loans
	Overdraft facilities		2 039	-	-	-	-		2 039
	Revolving facilities		18 013	-	-	-	-		18 013
	Other loans obtained		2 500	2 500	7 500	1 189	11 189		13 689
	Commercial paper issues
			50 148	15 728		78 579		16 118		110 425		160 573

13. Other financial liabilities and lease liabilities

The amounts related to other financial liabilities and lease liabilities as at June 30, 2020 and December 31, 2019 are as follows:

Lease liabilities

Other financial liabilities:

Factoring

Credit sales

Non-current	Current
30/06/2020	31/12/2019	30/06/2020	31/12/2019
213 518	203 883	78 349	69 999

-	-	111 237	112 481
-	-	-	95 674
		-		111 237	208 156
-

Interim Consolidated Financial Statements 2020

42

14. Changes in the consolidation perimeter

In the six-month period ended at June 30, 2020, the changes occurred in the consolidation perimeter were as follows:

Increase of participation percentage

Business segment - Europe - Environment and services

Logz - Atlantic Hub, S.A. (company in which control was acquired)

Business segment - Africa

Estradas do Zambeze (company in which control was acquired)

Operadora Estradas do Zambeze (company in which control was acquired)

In the six-month period ended at June 30, 2020, the GROUP acquired an additional stake of 70% of LOGZ share capital. The impact of this transaction on the attached consolidated financial statements can be summarized as follows:

Book value of net assets acquired

Accounts receivable acquired (loans and supplementary capital)

Fair value of the investment properties

Amount payed

Acquisition difference

2020

(12 149)

26 329

(13 024) (1 157)

-

In the six-month period ended at June 30, 2020, the GROUP acquired an additional stake of 55% of ESTRADAS DO ZAMBEZE and OPERADORA ESTRADAS DO ZAMBEZE share capital. The impact of this transaction on the attached consolidated financial statements can be summarized as follows:

Acquision of 55% of the share capital of the subsidiaries Estradas do Zambeze and Operadora Estradas do Zambeze

Book value of the net assets acquired

Amount payed

Result generated in the operation recognized in the consolidated income statement - I

Effect of the revaluation (through gain of control) of the subsidiaries Estradas do Zambeze and Operadora Estradas do Zambeze

Fair value of the financial investment held

Book value of the net assets held

Result generated in the operation recognized in the consolidated income statement - II

Gain recognized (recorded in Gains / (losses) in the disposal of subsidiaries, jointly controlled and associated companies") - (I) + (II)

2020

4 333

89

4 422

5 561

(9 951)

(4 391)

32

In the six-month period ended at June 30, 2020, ESTRADAS DO ZAMBEZE, OPERADORA ESTRADAS DO ZAMBEZE and LOGZ contribution to the consolidated income statement was as follows:

Sales and services rendered

Cost of goods sold, mat. cons., Changes in production and Subcontractors

Third-party supplies and services

Wages and salaries

Other operating income / (expenses)

Amortisations and depreciations

Financial results

Income before taxes

Income tax

Net profit of the period

Estradas do Zambeze	Operadora Estradas do
Zambeze
3 934	2 164
(2 090)	(25)
(256)	(1 106)
(294)	(295)
508	(78)
(43)	(27)
(547)	(2)
1 211	631
(193)	(75)
1 018	556

LogZ

-

-

(12)

(29)

(5)

-

1 590

1 544

(43)

1 502

Decrease of participation percentage

Business segment - Latin America

APP Coatzacoalcos Villahermosa (company in which control was lost)

Interim Consolidated Financial Statements 2020

43

In the six-month period ended at June 30, 2020, the GROUP sold 35% of APP COATZACOALCOS VILLAHERMOSA SAPI DE CV share capital having also lost the control over that company, which became consolidated by the equity method, and proceeded to the revaluation of the financial investment retained in accordance with the sale price established in the above referred operation. The global impact of this transaction on the attached consolidated financial statements can be summarized as follows:

Disposal of 35% of the share capital of the subsidiary APP Coatzacoalcos Villahermosa

Book value of net assets sold

Amount received

Result generated in the operation recognized in the consolidated income statement - I

Effect of the revalution (following the loss of control) of the subsidiary APP Coatzacoalcos Villahermosa

Fair value of the financial investment retained

Book value of net assets held

Result generated in the operation recognized in the consolidated income statement - II

Gain recognized (recorded in Gains / (losses) in the disposal of subsidiaries, jointly controlled and associated companies") - (I) + (II)

2020

(9 106)

1. 041
   936
2. 477
   (10 407)

1. 070

2 005

In the six-month period ended at June 30, 2020, APP COATZACOALCOS VILLAHERMOSA contribution to the consolidated income statement was as follows:

Sales and services rendered

Cost of goods sold, mat. cons., Changes in production and Subcontractors

Third-party supplies and services

Other operating income / (expenses)

Amortisations and depreciations

Financial results

Income before taxes

Income tax

Net profit of the period

APP

9 528

(1 426)

(511)

(6 085)

(1)

(967)

537

(161)

376

Companies incorporated

Business segment - Europe Engineering and Construction

Project Development 3 Sp. Z.o.o.

Project Development 4 Sp. Z.o.o.

Project Development 5 Sp. Z.o.o.

Project Development 6 Sp. Z.o.o.

Business segment - Africa

Mota-Engil Guinée Mandiana

Twine, Lda

Business segment- Latin America

Consórcio Lamat Tramo 1 SAPI de CV

Companies consolidated for the first time

Business segment - Africa

Mota-Engil Engenharia e Construção África PTY

Exit of companies

Business segment - Europe - Engineering and Construction

Mercado Urbano - Gestão Imobiliária, SA. (sold)

In the six-month period ended at June 30, 2020, the GROUP sold 100% of MERCADO URBANO - GESTÃO IMOBILIÁRIA, SA share capital. The impact of that transaction on the attached consolidated financial statements can be summarized as follows:

Book value of the net assets sold

Amount received

Gain recognized (recorded in Gains / (losses) in the disposal of subsidiaries,jointly controlled and associated companies")

2020

(6 676)

6 686

10

Interim Consolidated Financial Statements 2020

44

In the six-month period ended at June 30, 2020, MERCADO URBANO - GESTÃO IMOBILIÁRIA, SA contribution to the consolidated income statement was as follows:

Sales and services rendered

Third-party supplies and services

Other operating income / (expenses)

Amortisations and depreciations

Financial results

Income before taxes

Income tax

Net profit of the period

Mercado Urbano

698

(336)

(1 751)

(28)

(240)

(1 658)

398

(1 261)

15. Others matters - Covid-19

Following the appearance and spread of the Covid - 19 pandemic, which has plagued the planet since the beginning of the year of 2020, we detailed below some of its impacts in the GROUP's financial report as at June 30, 2020:

In terms of activity and profitability

As shown in the attached consolidated financial statements, the GROUP's activity, namely in the ENGINEERING AND CONSTRUCTION business, suffered a decrease of circa of 14% as a result of the several constraints caused by the pandemic, being worth to highlight the interruptions / stopages of production occurred in several projects on which the GROUP was performing due to the restrictive measures of public health implemented in the different countries where it operates, as well as, the logistical constraints faced in moving people, goods and equipments. That decreased was felt mainly in the Africa and Latin America regions. Furthermore, in the last one, it still exits few visibility about the moment of normalization of the activity.

Regarding the ENVIRONMENT AND SERVICES the production and sale of energy, the essential and strategic services for the normality.

business, which comprise the collection, treatment and recovery of waste, as well as, impact caused by the pandemic was still slight since as those activities correspond to normal functioning of the communities the ones continue to be provided with some

In terms of profitability, as a result of the interruptions / stopages occurred in some of the projects performed by the GROUP, with the consequent negative impact in the productivity and in the dilution of fixed costs, the EBITDA also suffered a decrease of circa of 26% once again influenced by the less positive performance of the Africa and Latin America regions. Regarding this matter, it should be highlighted that, when those projects resume their normal activity, the GROUP expects that the profitability levels achieved in the past can be reached. On the other hand, and under the established contracts, several contacts were immediately initiated with the customers in order to recover part of the abnormal costs incurred, as well as, to reschedule the completion deadlines of the projects in order to mitigate the risk of occurrence of future non-compliances.

In terms of financing

Regarding this matter, despite the lower profitability of the operations, the GROUP'S financing needs have not significantly worsened, have it managed to finance its activity through the credit facilities available in Portugal or in the other countries in which it operates. In this regard, we highlight the Covid lines obtained in Portugal and the adherence to the moratorium process established by the Portuguese State / financial system that allowed the GROUP to postpone circa of 340 million euros of capital and interest reimbursements to the financial institutions with which it maintained outstanding financial responsibilities in Portugal. On the other hand, as a result of the massive injections of liquidity performed by the central banks and the measures adopt by several countries to support the economy, there has not been until this date a significant increase in the GROUP's financing costs. Finally, as of this date, no significant increase in the average period of customers collections arise that has affected the GROUP's financing needs.

In terms of investment

In this chapter, as a result of the constraints arising from the pandemic, namely the postponement / interruption of some relevant projects, the GROUP postponed part of the planned investment in order to avoid a higher burden in its treasury. Therefore, the investment performed in the semester was mainly channeled to the waste treatment and collection business in Portugal and in the Ivory Coast, where the GROUP assumed investment commitments in the past, and for some Engineering and Construction projects where the procurement and acquisition processes were already underway (namely for a medium and long-term mining project in Guinea-Conakry).

Interim Consolidated Financial Statements 2020

45

In terms of liquidity

As shown below, and partly as a result of the moratoriums agreed with the financial institutions operating in Portugal, the GROUP'S liquidity gap at 1 year as at June 30, 2020, amounted to 11 million Euros. In addition, in accordance with the liquidity management policy defined by the GROUP and in order to maintain an adequate liquidity reserve, as at June 30, 2020, it had available and unused credit lines of circa of 196 million euros. On the other hand, after June 30, 2020, the GROUP has already refinanced or is in the process of refinancing circa of 314 million euros of bank debt. Finally, and in the event of an extreme worsening of the economic and financial conditions, the GROUP also has the possibility to dispose of some of its non-current assets, namely part of the sovereign bonds it keeps recorded in its statement of financial position and which totalled circa of 185 million Euros. Consequently, it is the GROUP belief, even in a scenario of huge uncertainty regarding the future, that within a 12 months period it has the appropriate financial resources to fulfill all of its responsibilities when they become due.

As at June 30, 2020, the GROUP´s liquidity position (capital component) can be analysed as follows:

Financial assets recorded at amortised cost

Cash and cash equivalents - demand and term deposits

Customers and other debtors

Other financial investments recorded at amortised cost

Financial assets recorded at fair value

Derivative financial instruments

Other financial investments recorded at fair value through other comprehensive income

Total financial assets under the scope of IFRS-9

Other non financial assets

Inventories

Contract assets

Other current and non current assets

Corporate income tax

Non-current assets held for sale

Total non financial assets

Total assets

Financial liabilities recorded at amortised cost

Loans with or without recourse

Other financial liabilities

Suppliers and sundry creditors

Financial liabilities recorded at fair value

Derivative financial instruments

Total financial liabilities under the scope of IFRS-9

Financial liabilities out of the scope of IFRS - 9

Lease liabilities

Total financial liabilities

Other non financial liabilities

Liabilities associated with customers contracts

Other current and non current liabilities

Corporate income tax

Non-current liabilities held for sale

Total non financial liabilities

Total liabilities

Liquidity GAP

	30/06/2020
< 1 year	more than 1 year	Indeterminate	Total
434 781	-	-	434 781
979 167	155 275	-	1 134 442
1 743	184 728	-	186 472
-	100	-	100
-	-	69 384	69 384
1 415 691	340 104	69 384	1 825 179
290 482	-	-	290 482
619 024	-	-	619 024
99 119	5 592	-	104 711
39 901	-	-	39 901
126 507	-	-	126 507
1 175 033	5 592	-	1 180 625
2 590 724	345 696	69 384	3 005 804
636 064	1 232 831	-	1 868 894
111 237	-	-	111 237
776 197	97 640	-	873 836
1 523 498	1 330 471	-	2 853 968
-	684	-	684
1 523 498	1 331 154	-	2 854 652
78 349	213 518	-	291 866
1 601 846	1 545 356	-	3 146 518
333 386	47 183	-	380 569
595 007	153 170	-	748 177
23 722	-	-	23 722
25 540	-	-	25 540
977 655	200 353	-	1 178 009
2 579 502	1 745 709	-	4 324 527
11 222	(1 400 013)	69 384	(1 318 722)

In terms of main estimates and assumptions used in the preparation of the attached consolidated financial statements

As a result of the uncertainty and the negative impacts triggered up to date by the pandemic, the GROUP proceeded in the preparation of the attached consolidated financial statements to a review of the main estimates and assumptions used with a special focus on performing sensitivity analyzes to the main impairments tests performed at December 31, 2019 to goodwill, tangible assets, intangible assets, deferred tax assets and accounts receivable (in the component of expected losses and time value of money). As a result of the analysis carried out, and taking in consideration several scenarios, all of them more pessimistic than the ones used at December 31, 2019 (with WACC´s worsening up to 1% and with significant reductions in EBITDA and cash flows estimated for 2020 and 2021), they were recorded, in a prudent way, in the first half of 2020 impairment losses and provisions of circa of 16 million Euros.

Interim Consolidated Financial Statements 2020

46

In terms of going concern

Although a high level of uncertainty remains regarding the normalization of the world economy and the GROUP activity, particularly in some countries in Africa and in the majority of the countries in Latin America, due (1) to the high backlog that the GROUP has to perform, which inclusive increased in the first half of the year, (2) due to the liquidity position it presents for the next 12 months, (3) due to the absence of material losses in the first half of the year and expected in the coming months and (4) due to the internal management measures that have already been adopted (implementation of efficiency programs, postponement of investments, closure of less profitable or small markets, renegotiation of contracts with customers, etc.) it is the GROUP belief that it has the adequate resources to maintain its activities, making no intention to cease them in the short term and so its Board of Directors considers that it is appropriate to use the going concern assumption in the preparation of the attached consolidated financial statements.

In terms of subsequent events

Except for the matter referred in the paragraph below, between June 30, 2020 and the approval date for issuance of the attached consolidated financial statements, no relevant events or additional uncertainties regarding the evolution of the pandemic, as well as, over the future activity of the GROUP occur which produced or which could produce material impacts in the attached consolidated financial statements.

Strategic partnership and investment agreement

Although with no material impact in the attached consolidated financial statements, it is worth to highlight, as described in more detailed in the management report, that it is in the last stages of negotiation a strategic partnership and investment agreement with one of the largest infrastructures groups in the world.

16. Approval of the financial statements

The attached consolidated financial statements were approved and authorized for issue by the Board of Directors at August 25, 2020.

Interim Consolidated Financial Statements 2020 47

Appendix A. Consolidated companies

COMPANIES INCLUDED IN THE CONSOLIDATION BY THE FULL CONSOLIDATION METHOD

The companies included in the attached consolidated financial statements using the full consolidation method, their head offices, effective holding percentage, activity, incorporation date and acquisition date were as follows:

Designation	Head Office	Effective holding	Activity		Incorporation date	Acquisition date
percentage
Parent Company of the Group and related activities
Mota-Engil, SGPS, S.A., Sociedade Aberta ("Mota-Engil SGPS")		Portugal		-		Management of financial holdings		Aug-90		-
	(Porto)
Bay-Park Korlátolt Felelősségű Társaság Kft. ("Bay Park")						-		Dec-08
	Hungary		76.73		Real Estate development
Through Obol Invest		(Budapest)		76.73
Corgimobil - Empresa Imobiliária das Corgas, Lda. ("Corgimobil")		Portugal		97.25		Construction works, studies and real	-		Nov-00
Through Mota-Engil Real Estate Portugal		(Cascais)		97.25		estate
Dmowskiego Project Development, Sp. z.o.o. ("Dmowskiego")		Poland		100.00		Real Estate development		Aug-07		-
Through Mota-Engil Real Estate, SGPS		(Krakow)		100.00
Gesar - Gestão de Águas Residuais do Algarve ("GESAR ACE Manvia")		Portugal		54.00		Wastewater treatment		Apr-15		-
Through Manvia		(Linda-a-Velha)		54.00
Hungária Hotel Ingatlanforgamazó, Kereskedelmi, és Szolgáltató Kft. ("Hotel Achat Hungary")		Hungary		100.00		Real Estate development		Jun-08		-
Through Mota-Engil Real Estate, SGPS		(Budapest)		100.00
Kordylewskiego Project Development W Likwidacji Sp. z o.o. ("Kordylewskiego")		Poland		100.00		Real Estate development		Feb-05		-
Through Mota-Engil Real Estate, SGPS		(Krakow)		100.00
Largo do Paço - Investimentos Turísticos e Imobiliários, Lda. ("Largo do Paço")		Portugal		100.00		Real Estate development	-		Oct-01
Through Mota-Engil Capital		(Amarante)		100.00
Logz - Atlantic Hub, S.A. ("Logz")		Portugal		100.00		Real Estate development		Jul-08		Feb-20
Through Mota-Engil Ambiente e Serviços		(Linda-a-Velha)		100.00
Manvia - Manutenção e Exploração de Instalações e Construção, S.A. ("Manvia")		Portugal		90.00		Maintenance and operation of facilities		Jul-94		Jun-98
Through Mota-Engil Ambiente e Serviços		(Linda-a-Velha)		90.00
ME 3I, SGPS, S.A. ("ME 3I SGPS")		Portugal		61.20		Management of financial holdings		Oct-11		-
Through Mota-Engil Indústria e Inovação		(Linda-a-Velha)		61.20
Mota-Engil Capital, S.A. ("Mota-Engil Capital")		Portugal		100.00		Management of financial holdings		Feb-18		-
Through Mota-Engil SGPS		(Porto)		100.00
ME Investitii AV s.r.l. ("Mota-Engil Investitii")		Romania		100.00		Real Estate development	-		Sep-07
Through Mota-Engil Real Estate, SGPS		(Bucharest)		100.00
Mota-Engil Real Estate Hungary Ingatlanforgalmazó, Kereskedelmi és Szolgáltató Kft.("Mota-Engil		Hungary		100.00		Real Estate development		Jul-05		-
Real Estate Hungary")
Through Mota-Engil Real Estate, SGPS		(Budapest)		100.00
Mota-Engil Real Estate Portugal, S.A. ("Mota-Engil Real Estate Portugal")		Portugal		100.00		Real Estate development		Sep-01		-
Through Mota-Engil Real Estate, SGPS		(Porto)		100.00
Mota-Engil Real Estate, SGPS, S.A. ("Mota-Engil Real Estate SGPS")		Portugal		100.00		Management of financial holdings		Dec-02		-
Through Mota-Engil Capital		(Porto)		100.00
MESP - Mota Engil Serviços Partilhados, Administrativos e de Gestão, S.A. ("Mota-Engil Serviços		Portugal		100.00		Administrative Services		Dec-02		-
Partilhados")		(Porto)
Through Mota-Engil SGPS				100.00
MK Contractors, LLC ("MKC")		USA		100.00		Real Estate development		Mar-02		-
Through Mota-Engil Engenharia e Construção		(Miami)		100.00
Mota-Engil África, N.V. ("ME África NV")		Netherlands		100.00		Management of financial holdings		Oct-12		-
Through Mota-Engil SGPS		(Amsterdam)		100.00
Mota-Engil Indústria e Inovação, SGPS, S.A. ("Mota-Engil Indústria e Inovação")		Portugal		100.00		Management of financial holdings		Nov-10		-
Through Mota-Engil SGPS		(Linda-a-Velha)		100.00
Mota-Engil Minerals Mining Investment B.V. ("ME Minerals Mining Investment BV")		Netherlands		100.00		Management of other companies		Oct-10		-
Through Mota-Engil SGPS		(Amsterdam)		100.00
Mota-Engil Renewing, S.A. ("ME Renewing")		Portugal		100.00		Energy, sustainable mobility, recycling and		Aug-18		-
Through Mota-Engil Capital		(Porto)		100.00		reuse and resource utilization
Öböl Invest Befektetési És Üzletviteli Tanácsadó Korlátolt Felelősségű Társaság Kft. ("Obol Invest")		Hungary		77.50		Real Estate development	-		May-05
Through Mota-Engil Real Estate, SGPS				77.50
	(Budapest)
Öböl Xi. Ingatlanhasznosítási Beruházó És Szolgáltató Korlátolt Felelősségű Társaság Kft. ("Obol XI")		Hungary		76.73		Real Estate development	-		Dec-03
Through Obol Invest		(Budapest)		76.73
Proempar - Promoção e Gestão de Parques Empresariais e Tecnológicos, S.A. ("Proempar")		Portugal		100.00		Marketing, management and exploitation		Oct-06		-
			of technological and industrial business
		(Porto)
Through Mota-Engil Real Estate Portugal			100.00		parks
PTT - Parque Tecnológico do Tâmega, S.A. ("PTT")		Portugal		90.00		Marketing, management and exploitation		Dec-06		-
Through Mota-Engil Real Estate Portugal		(Felgueiras)		90.00		of technological and industrial business
			parks
Sikorki Project Development Sp. z o.o. ("Sikorki")							Oct-12		-
	Poland		100.00		Real Estate development
Through Mota-Engil Real Estate, SGPS		(Krakow)		100.00
Soltysowska Project Development Sp. z o.o. ("Soltysowska")		Poland		100.00		Real Estate development		Nov-05		-
Through Mota-Engil Real Estate, SGPS		(Krakow)		100.00
Takargo - Transportes de Mercadorias, S.A. ("Takargo")		Portugal		100.00		Railway transportation of goods		Oct-06		-
Through Mota-Engil Ambiente e Serviços		(Linda-a-Velha)		100.00
Turalgo-Sociedade de Promoção Imobiliária e Turística do Algarve, S.A. ("Turalgo")		Potugal		51.00		Real Estate development		May-92		-
Through Mota-Engil Real Estate Portugal		(Oeiras)		51.00
Wilanow Project Development SP. z.o.o. ("Wilanow")		Poland		100.00		Real Estate development		Jun-07		-
Through Mota-Engil Real Estate, SGPS		(Krakow)		100.00

Interim Consolidated Financial Statements 2020 48

	Designation		Head Office		Effective holding		Activity		Incorporation date	Acquisition date
			percentage
	Europe
	Mota-Engil Europe, S.A. ("Mota-Engil Europe")		Portugal		100.00		Management of financial holdings		Jun-10	-
	Through Mota-Engil SGPS		(Linda-a-Velha)		100.00
	Engineering and Construction
	Áreagolfe - Gestão, Construção e Manutenção de Campos de Golfe, S.A. ("Áreagolfe")		Portugal		77.78		Golf courses construction, management		-	Jul-07
	Through Vibeiras		(Torres Novas)		77.78		and maintenance
	Balice Project Development Sp. z o.o. ("Balice")		Poland		100.00		Real Estate development		Oct-12	-
	Through Mota-Engil Real Estate Management		(Krakow)		100.00
	Belém Grid - Promoção imobiliária e de Animação Turística, S.A. ("Belém Grid")		Portugal		100.00		Real Estate development and tourist		Oct-19	-
	Through Mota-Engil Engenharia e Construção		(Porto)		100.00		entertainment
	Bukowinska Project Development ("Bukowinska Project Development")		Poland		100.00		Design and construction of social housing		Mar-15	-
	Through Mota-Engil Central Europe Polónia		(Krakow)		100.00
	Carlos Augusto Pinto dos Santos & Filhos S.A. ("Capsfil")		Portugal		100.00		Extraction of gravel, sand and crushed		Mar-77	Oct-09
	Through Mota-Engil Engenharia e Construção		(Vila Flor)		100.00		stone
	Diace - Construtoras das Estradas do Douro Interior A.C.E. ("Diace ACE MEEC")		Portugal		53.10		Realization of construction works and		Nov-08	Dec-15
	Through Mota-Engil Engenharia e Construção		(Porto)		53.10		services and providing design
	Dzieci Warszawy Project Development Sp. z.o.o. ("Dzieci")		Poland		100.00		Real Estate development		Nov-15	-
	Through Mota-Engil Real Estate Management		(Krakow)		100.00
	Ekosrodowisko z.o.o. In Liquidation ("Ekosrodowisko")		Poland		61.50		Urban solid waste		Feb-05	Dec-05
	Through SUMA		(Bytom)		61.50
	Glace - Construtoras das Auto-estradas da Grande Lisboa A.C.E. ("Glace ACE MEEC")		Portugal		52.87		Realization of construction works and		Dec-06	Dec-15
	Through Mota-Engil Engenharia e Construção		(Porto)		52.87		services and providing design
	Glan Agua, Ltd ("Glanagua")		Ireland		70.00		Treatement of waste, exploitation and		Jan-08	-
	Through MEIS		(Ballinasloe)		70.00		management of water sytems
	Glan Agua (UK), Ltd ("Glan Agua UK")		United Kingdom		70.00		Treatement of waste, exploitation and		Jul-15	-
	Through MEIS		(St Albans)		70.00		management of water sytems
	Grodkowska Project Development Sp. z.o.o ("Grodkowska")		Poland		100.00		Design and construction of social housing		Mar-14	-
	Through Mota-Engil Real Estate Management		(Krakow)		100.00
	Grota-Roweckiego Project Development Sp. z o.o. ("Grota")		Poland		100.00		Real Estate development		Oct-12	-
	Through Mota-Engil Real Estate Management		(Krakow)		100.00
	Hygeia - Edifícios Hospitalares, SGPS, S.A. ("Hygeia")		Portugal		99.00				Dec-18	-
	Through Mota-Engil Engenharia e Construção			98.99		Management of financial holdings
		(Lisboa)
	Through Manvia, Mota-Engil Capital and Mota-Engil Europe			0.01
	Immo Park Gdańsk, Sp. z.o.o. ("Immo Park Gdańsk")		Poland		100.00		Design, construction, management and		Mar-13	-
	Through Mota-Engil Central Europe Polónia		(Krakow)		100.00		exploitation of parking
	Immo Park Warszawa, Sp. z.o.o. ("Immo Park Warszawa")		Poland		100.00		Design, construction, management and		Oct-12	-
	Through Mota-Engil Central Europe Polónia		(Krakow)		100.00		exploitation of parking
	Immo Park, Sp. z.o.o. ("Immo Park")		Poland		100.00		Design, construction, management and		Jan-08	Mar-11
	Through Mota-Engil Central Europe Polónia		(Krakow)		100.00		exploitation of parking
	Kilinskiego Project Development Sp. z.o.o. ("Kilinskiego")		Poland		100.00		Real Estate development		Aug-07	-
	Through Mota-Engil Real Estate Management		(Krakow)		100.00
	Kilinskiego Property Investment Sp. z.o.o. ("Kilinskiego PI")		Poland		100.00		Real Estate development		Sep-11	-
	Through Kilinskiego Project Development Sp. z.o.o.		(Krakow)		99.99
	Through Mota-Engil Real Estate, SGPS			0.01
	Listopada Project Development ("Listopada Project Development")		Poland		100.00		Real Estate development		Nov-15	-
	Through Mota-Engil Real Estate Management		(Krakow)		100.00
	Lusitânia - Construtoras das Auto-estradas das Beiras Litoral e Alta A.C.E. ("Lusitânia ACE MEEC")		Portugal		83.95		Realization of construction works and		Apr-01	Dec-15
	Through Mota-Engil Engenharia e Construção		(Porto)		83.95		services and providing design
	MES, Mota-Engil Srodowisko, Sp. z.o.o. ("MES")		Poland		61.50		Urban solid waste		Dec-05	-
	Through Suma		(Krakow)		61.50
	Mota-Engil International Construction (UK) Ltd ("Mota-Engil UK")		United Kingdom		60.00		Construction works		Jul-15	-
	Through Mota-Engil Engenharia e Construção		(St Albans)		60.00
	Mota-Engil Ireland Construction Limited ("Mota-Engil Irlanda")		Ireland		60.00		Construction works		Oct-07	-
	Through Mota-Engil Engenharia e Construção		(Dublin)		60.00
	Mota-Engil Engenharia e Construção, S.A. ("Mota-Engil Engenharia e Construção")		Portugal		100.00		Construction works, and purchase and		Dec-00	-
	Through Mota-Engil Europe		(Amarante)		100.00		sale of real estate
	Mota-Engil Central Europe, S.A. ("ME Central Europe Polónia")		Poland		100.00		Construction works		Feb-53	Mar-99
	Through Mota-Engil Central Europe Management		(Krakow)		100.00
	Mota-Engil Central Europe Ceska Republika, AS ("Mota-Engil Central Europe República Checa")		Czech Republic		100.00		Construction and public works		Jan-97	-
	Through Mota-Engil Europe		(Prague)		100.00
	Mota-Engil Central Europe Management, SGPS, SA ("Mota-Engil Central Europe Management")		Portugal		100.00		Management of financial holdings		Aug-17	-
	Through Mota-Engil Europe		(Porto)		100.00
	Mota-Engil Central Europe PPP Sp. z.o.o ("ME Central Europe PPP")		Poland		100.00		Design, construction, management and		Mar-12	-
	Through Mota-Engil Central Europe Polónia		(Krakow)		100.00		exploitation of parking
	Mota-Engil Central Europe PPP 2 Sp. z.o.o ("ME Central Europe PPP 2")		Poland		100.00		Design, construction, management and		Dec-13	-
	Through Mota-Engil Central Europe Polónia		(Krakow)		100.00		exploitation of parking
	Mota-Engil Central Europe PPP Road Sp. z.o.o ("ME Central Europe PPP Road")		Poland		100.00		Design, construction, management and		-	Nov-13
	Through Mota-Engil Central Europe Polónia		(Krakow)		100.00		exploitation of parking
	Mota-Engil Central Europe PPP 3 Sp. Z.o.o ("ME Central Europe PPP 3")		Poland		100.00		Design, construction, management and		Apr-14	-
	Through Mota-Engil Central Europe Polónia		(Krakow)		100.00		exploitation of parking
	Mota-Engil Ireland Services Ltd. ("MEIS")		Ireland		70.00		Treatement of waste, exploitation and		Jan-08	-
	Through Mota-Engil Engenharia e Construção		(Dublin)		70.00		management of water sytems
	Mota-Engil Magyarország Beruházási És Épitoipari Zrt. ("Mota-Engil Magyarország")		Hungary		100.00		Construction and public works		Jan-96	-
	Through Mota-Engil Europe		(Budapest)		100.00
	Mota-Engil Railway Engineering, S.A. ("ME Railway Engineering")		Portugal		100.00		Study, projects, execution of works and		Jun-18	-
	Through Mota-Engil Engenharia e Construção			96.15
					representation of materials and
	Through MEEC África				1.92
		(Porto)			equipment related to railway works
	Through Mota-Engil Latin America BV			1.92
	Mota-Engil Real Estate Management, sp. z.o.o. ("Mota-Engil Real Estate Management")		Poland		100.00		Real Estate development		Jun-05	-
			(Krakow)
	Through Mota-Engil Central Europe Polónia			100.00
	Mota-Engil Vermelo Sp. z.o.o ("ME Vermelo")		Poland		100.00		Real Estate development		Mar-12	-
	Through Mota-Engil Real Estate Management		(Krakow)		100.00
	Norace - Construtoras das Auto-estradas do Norte A.C.E. ("Norace ACE MEEC")		Portugal		82.87		Realization of construction works and		Jun-99	Dec-15
	Through Mota-Engil Engenharia e Construção		(Porto)		82.87		services and providing design
					Design, construction, rehabilitation and
	Oriental Hub, S.A. ("Oriental Hub")		Portugal		100.00			Nov-18	-
				operation of the Old Industrial
	Through Mota-Engil Engenharia e Construção		(Porto)		100.00
				Slaughterhouse of Porto
	Pinhal - Construtoras das Auto-estradas do Pinhal Interior A.C.E. ("Pinhal ACE MEEC")		Portugal		53.52		Realization of construction works and		Apr-10	Dec-15
	Through Mota-Engil Engenharia e Construção		(Porto)		53.52		services and providing design

Interim Consolidated Financial Statements 2020 49

Designation		Head Office		Effective holding	Activity	Incorporation date		Acquisition date
		percentage
Project Development 1 Sp. Z.o.o. ("Project Development 1")		Poland		100.00	Real Estate development	Nov-15		-
Through Mota-Engil Real Estate Management		(Krakow)		100.00
Project Development 2 Sp. Z.o.o. ("Project Development 2")		Poland		100.00	Real Estate development	Nov-15		-
Through Mota-Engil Real Estate Management		(Krakow)		100.00
Project Development 3 Sp. Z.o.o. ("Project Development 3")		Poland		100.00	Real Estate development	Feb-20		-
Through Mota-Engil Real Estate Management		(Krakow)		100.00
Project Development 4 Sp. Z.o.o. ("Project Development 4")		Poland		100.00	Real Estate development	Feb-20		-
Through Mota-Engil Real Estate Management		(Krakow)		100.00
Project Development 5 Sp. Z.o.o. ("Project Development 5")		Poland		100.00	Real Estate development	Feb-20		-
Through Mota-Engil Real Estate Management		(Krakow)		100.00
Project Development 6 Sp. Z.o.o. ("Project Development 6")		Poland		100.00	Real Estate development	Feb-20		-
Through Mota-Engil Real Estate Management		(Krakow)		100.00
Portuscale - Construtoras das Auto-estradas do Grande Porto A.C.E. ("Portuscale ACE MEEC")		Portugal		83.95	Realization of construction works and	Jul-02		Dec-15
Through Mota-Engil Engenharia e Construção		(Porto)		83.95	services and providing design
Senatorska Project Development Sp. z.o.o. ("Senatorska")		Poland		100.00	Real Estate development	Nov-15		-
Through Mota-Engil Real Estate Management		(Krakow)		100.00
Streamgrest Limited ("Streamgrest")		Ireland		65.00	Comercial	Feb-18		-
Through Mota-Engil Irlanda			30.00
	(Galway)
Through GlanAgua			35.00
VBT - Projectos e Obras de Arquitectura Paisagística, Lda ("VBT")		Angola		48.89	Landscape gardening	Sep-08		-
Through Vibeiras		(Luanda)		38.89
Through Mota-Engil Ambiente e Serviços			10.00
	Portugal
Vianor - Construtoras das Auto-estradas da Costa de Prata A.C.E. ("Vianor ACE MEEC")			83.95	Realization of construction works and	Apr-00		Dec-15
	(Porto)
Through Mota-Engil Engenharia e Construção			83.95	services and providing design
Vibeiras - Sociedade Comercial de Plantas, S.A. ("Vibeiras")		Portugal		77.78	Landscape gardening	Jul-88		Oct-98
Through Mota-Engil Engenharia e Construção		(Torres Novas)		77.78
Environment and Services
AGIR - Ambiente e Gestão Integrada de Resíduos, Lda. ("Agir")			Cabo Verde			80.75	Treatment and recovery of urban solid		Dec-07		-
Through Mota-Engil Ambiente e Serviços			(Praia)		50.00
			waste
Through Suma					30.75
Algar - Valorização e Tratamento de Resíduos Sólidos, S.A. ("Algar")			Portugal		33.15	Treatment and disposal of non-hazardous		-		Jun-15
Through EGF			(Loulé)		33.15	waste
Amarsul- Valorização e Tratamento de Resíduos Sólidos, S.A. ("Amarsul")			Portugal		30.19	Treatment and disposal of non-hazardous		-		Jun-15
Through EGF			(Setúbal)		30.19	waste
Citrave - Centro Integrado de Tratamento de Resíduos de Aveiro, S.A. ("Citrave")			Portugal		61.50	Treatment and disposal of non-hazardous		Dec-87		Oct-06
Through Suma				61.41
Through Novaflex			(Lisboa)		0.05	waste
Through Suma Esposende					0.05
Correia & Correia, Lda. ("Correia & Correia")			Portugal		48.18	Trade and collection of used oils		Sep-88		Feb-00
Through Enviroil			(Sertã)		48.18
Enviroil SGPS, Lda. ("Enviroil")			Portugal		48.18	Management of financial holdings		Nov-97		-
Through Suma			(Torres Novas)		48.18
Enviroil II - Reciclagem de Óleos Usados, Lda. ("Enviroil II")			Portugal		45.77	Oil recycling, electricity production and		Apr-11		-
Through Enviroil				43.37
		(Torres Novas)		bulk trade of fuels and related products
Through SRI				2.41
Ersuc - Resíduos Sólidos do Centro, S.A. ("Ersuc")			Portugal		34.14	Treatment and disposal of non-hazardous		-		Jun-15
Through EGF			(Coimbra)		30.46
			waste
Through Suma					3.68
Empresa Geral de Fomento, S.A. ("EGF")			Portugal		59.19	Treatment and disposal of non-hazardous		-		Jun-15
Through Suma Tratamento			(Lisboa)		59.19	waste
Eco Vision LLC ("Eco Vision")			Oman		31.37	Treatment and disposal of non-hazardous		Jul-15		-
Through Suma			(Muscat)		31.37	waste
InvestAmbiente - Recolha de Resíduos e Gestão de Sistemas de Saneamento Básico, S.A.			Portugal		31.98	Collection of non-hazardous waste		Feb-00		Dec-07
("Investambiente")			(Lisboa)
Through Novaflex					31.98
Mota-Engil, Ambiente e Serviços, SGPS, S.A. ("Mota-Engil Ambiente e Serviços")			Portugal		100.00	Management of financial holdings		Jun-97		-
			(Porto)
Through Mota-Engil Europe				100.00
Nova Beira - Gestão de Resíduos, S.A. ("Nova Beira")			Portugal		41.72	Treatment and disposal of non-hazardous		-		Dec-07
Through Novaflex				31.17
		(Lisboa)		waste
Through Investambiente				10.55
Novaflex - Técnicas do Ambiente, S.A. ("Novaflex")			Portugal		61.50	Collection of other non-hazardous waste		-		Dec-07
Through Suma			(Lisboa)		61.50
Real Verde - Técnicas de Ambiente, S.A. ("Real Verde")			Portugal		61.50	Treatment and disposal of non-hazardous		Dec-07		-
Through Novaflex			(Vila Real)		61.50	waste
Resiges - Gestão de Resíduos Hospitalares, Lda. ("Resiges")			Portugal		61.50	Collection of hazardous waste		May-98		Dec-07
Through Novaflex			(Setúbal)		61.50
Resiestrela - Valorização e Tratamento de Resíduos Sólidos, S.A. ("Resiestrela")			Portugal		37.26	Treatment and disposal of non-hazardous		-		Jun-15
Through EGF			(Castelo Branco)		37.26	waste
Resilei - Tratamento de Resíduos Industriais, S.A. ("Resilei")			Portugal		30.75	Treatment and disposal of non-hazardous		-		Jun-03
Through Suma			(Leiria)		30.75	waste
Resinorte - Valorização e Tratamento de Resíduos Sólidos, S.A. ("Resinorte")			Portugal		44.46	Treatment and disposal of non-hazardous		-		Jun-15
Through EGF			(Braga)		44.46	waste
Resulima - Valorização e Tratamento de Resíduos Sólidos, S.A. ("Resulima")			Portugal		30.19	Treatment and disposal of non-hazardous		-		Jun-15
Through EGF			(Viana do Castelo)		30.19	waste
Rima - Resíduos Industriais e Meio Ambiente, S.A. ("Rima")			Portugal		59.12	Treatment of industrial waste		Aug-01		-
Through Suma			(Lourosa)		59.12
SIGA - Sistema Integrado de Gestão Ambiental, S.A. ("Siga")			Portugal		43.05	Treatment and disposal of non-hazardous		Oct-08		-
Through Suma			(Ponta Delgada)		43.05	waste
SIGAMB - Sistemas de Gestão Ambiental, Lda. (Angola) ("SIGAMB")			Angola		61.44	Technical studies, consultancy and		Feb-14		-
Through Novaflex			(Luanda)		61.44	formation in the environmental area
SRI - Gestão de Resíduos, Lda ("SRI")			Portugal		48.18	Collection of hazardous waste		Jul-08		-
Through Correia & Correia			(Sertã)		48.18
Suldouro - Valorização e Tratamento de Resíduos Sólidos, S.A. ("Suldouro")			Portugal		35.52	Treatment and disposal of non-hazardous		-		Jun-15
Through EGF			(Vila Nova de Gaia)		35.52	waste
Suma (Douro) - Serviços Urbanos e Meio Ambiente, Lda. ("Suma Douro")			Portugal		61.50	Treatment and recovery of urban solid		Jul-00		-
Through Suma			(Murça)		61.50	waste
Suma (Esposende) - Serviços Urbanos e Meio Ambiente, Lda. ("Suma Esposende")			Portugal		61.50	Treatment and recovery of urban solid		Dec-99		-
Through Suma			(Esposende)		61.50	waste
Suma (Macau), Lda. ("Suma Macau")			China		60.89	Treatment and recovery of urban solid		-		Dec-13
Through Suma			(Macau)		60.89	waste
Suma (Matosinhos) - Serviços Urbanos e Meio Ambiente, S.A. ("Sumalab")			Portugal		61.50	Treatment and recovery of urban solid		Dec-00		-
Through Suma			(Matosinhos)		61.50	waste
Suma (Porto) - Serviços Urbanos e Meio Ambiente, S.A. ("Suma Porto")			Portugal		61.50	Treatment and recovery of urban solid		Nov-08		-
Through Suma			(Porto)		61.50	waste
Suma Tratamento, S.A. ("Suma Tratamento")					59.20
Through Suma			Portugal		49.19	Management of financial holdings		Oct-14		-
Through Suma Esposende				0.01
		(Lisboa)
Through Novaflex				0.01
Through Mota-Engil Ambiente e Serviços					10.00

Interim Consolidated Financial Statements 2020 50

Designation	Head Office	Effective holding	Activity	Incorporation date	Acquisition date
percentage
Suma - Serviços Urbanos e Meio Ambiente, S.A. ("Suma")	Portugal	61.50	Treatment and recovery of urban solid	Jun-94	-
Through Mota-Engil Ambiente e Serviços	(Lisboa)	61.50	waste
Triu - Técnicas de Resíduos Industriais e Urbanos, S.A. ("Triu")	Portugal	48.18	Collection of non-hazardous waste	Apr-91	Sep-08
Through Enviroil	(Loures)	48.18
Triaza - Treatment of industrial waste da Azambuja, S.A. ("Triaza")	Portugal	61.50	Treatment and recovery of urban solid	Nov-15	Sep-08
Through Suma	(Azambuja)	61.50	waste
Valnor - Valorização e Tratamento de Resíduos Sólidos, S.A. ("Valnor")	Portugal	31.57	Treatment and disposal of non-hazardous	-	Jun-15
Through EGF	(Portalegre)	31.57	waste
Valorlis - Valorização e Tratamento de Resíduos Sólidos, S.A. ("Valorlis")	Portugal	30.19	Treatment and disposal of non-hazardous	-	Jun-15
Through EGF	(Leiria)	30.19	waste
Valorminho - Valorização e Tratamento de Resíduos Sólidos, S.A. ("Valorminho")	Portugal	30.19	Treatment and disposal of non-hazardous	-	Jun-15
Through EGF	(Valença)	30.19	waste
Valorsul - Valorização e Tratamento de Resíduos Sólidos das Regiões de Lisboa e do Oeste, S.A.	Portugal	31.33	Treatment and disposal of non-hazardous	-	Jun-15
("Valorsul")
(Loures)		waste
Through EGF	31.33
Africa
Akwangola, S.A. ("Akwangola")	Angola	51.00	Exploitation of water market	Dec-10
Through Mota-Engil Angola	(Luanda)	51.00
Cecot - Centro de Estudos e Consultas Técnicas, Lda. ("Cecot")	Mozambique	100.00	Construction works' projects and	Sep-98	Apr-11
Through MEEC África	(Maputo)	100.00	inspection
Clean Eburnie SARL ("Clean Eburnie")	Ivory Coast	60.00	Technical studies, conception, finance,	Dec-17	-
Through MEEC África	(Abidjan)	60.00	constructons and exploration of landfills
Cosamo (Proprietary) Limited ("Cosamo")	South Africa	100.00	Comercial	Dec-76	-
Through Mota Internacional	(Joanesburgo)	100.00
Treatment and recovery of urban solid
Eco Eburnie, SA ("Eco Eburnie")	Ivory Coast	100.00	Oct-17	-
waste and cleaning and maintenance of
Through MEEC África	(Abidjan)	100.00
streets
Ecolife, S.A. ("Ecolife")	Mozambique	58.45
Treatment and recovery of urban solid	Dec-13	-
Through Mota-Internacional		40.00
(Maputo)	waste
Through Suma	18.45
Estradas do Zambeze, S.A. ("Estradas do Zambeze")	Mozambique	95.00	Road concession	Nov-09
Through MEEC África	(Maputo)	95.00
Fatra - Fábrica de Trefilaria de Angola, S.A. ("Fatra")	Angola	70.00	Manufacturing of iron-derived products	Jun-14	Nov-10
Through Mota Internacional	(Luanda)	70.00
Fibreglass Sundlete (Moçambique), Lda. ("Fibreglass")	Mozambique	100.00	Comercial	Aug-62	Mar-99
Through ME Maurícias	(Maputo)	100.00
Indimo, Lda. ("Indimo")	Mozambique	100.00	Real Estate development	-	Oct-04
Through Cecot	(Maputo)	50.00
Through MEEC África	50.00
Liwonde Logistics Platform Limited ("Liwonde")	Malawi	99.49	Management of financial holdings	Jun-15	-
Through ME Investments Malawi	(Lilongwe)	51.00
Through MEEC Africa - Malawi branch	49.00
Malawi Ports Company Limited ("Malawi Ports Company")	Malawi	100.00	Shipping	Nov-10	-
Through MEEC África	(Lilongwe)	88.00
Through ME Malawi	12.00
Malawi Shipping Company Limited ("Malawi Shipping Company")	Malawi	100.00	Shipping	Nov-10	-
Through ME Malawi	(Lilongwe)	100.00
Martinox, SA ("Martinox")	Angola	51.00	Stainless steel works	Feb-08	Dec-11
Through Mota-Engil Angola	(Benguela)	51.00
Mota & Companhia Maurícias, Lda. ("ME Maurícias")	Maurícias	100.00	Construction works	May-10	-
Through MEEC África	(Ebene)	100.00
Mota-Engil África, SGPS, S.A. ("Mota-Engil África")	Portugal	100.00	Management of financial holdings	May-10	-
Through MEEC África	(Porto)	100.00
Mota-Engil África Global Technical Services B.V. ("ME África GTS BV")	Netherlands	100.00	Management of financial holdings	May-14	-
Through MEEC África	(Amsterdam)	100.00
Mota-Engil Africa (PTY) Limited ("ME Africa PTY")	South Africa	100.00	Management of financial holdings	Nov-15	-
Through Mota-Engil África N.V.	95.00
(Joanesburgo)
Through MEEC África	5.00
Mota-Engil Angola, S.A. ("Mota-Engil Angola")	Angola	51.00	Public works and /or construction works	May-10	-
Through Mota Internacional	(Luanda)	51.00	contractor
Mota-Engil Cameroon S.A.R.L. ("Mota-Engil Cameroon")	Cameroon	100.00	Public works and /or construction works	Jan-18	-
Through MEEC África	(Douala)	100.00	contractor
Mota-Engil Côte D´Ivoire, SARL ("Mota-Engil Costa de Marfim")	Ivory Coast	100.00	Public works and /or construction works	Apr-18	-
Through MEEC África	(Abidjan)	100.00	contractor
Mota-Engil Guinée Conakry, SARL ("Mota-Engil Guiné")	Guinea Conakry	100.00	Public works and /or construction works	Aug-17	-
Through MEEC África	(Conakry)	100.00	contractor
Mota-Engil Guinee Mandiana, SARL ("Mota-Engil Mandiana")	Guinea Conakry	100.00	Public works and /or construction works	Feb-20	-
Through MEEC África	(Conakry)	100.00	contractor
Mota-Engil Engenharia e Construção África, S.A. ("MEEC África")	Portugal	100.00	Construction works	Aug-12	-
Through ME Africa PTY	(Porto)	0.00
Through Mota-Engil SGPS	100.00
Mota-Engil Engenharia e Construção África PTY ("Mota-Engil Engenharia e Construção África PTY")	South Africa	100.00	Construction works	fev/17
Through MEEC África	(Joanesburgo)	100.00
Mota-Engil Investments (Malawi) Limited ("ME Investments Malawi")	Malawi	99.00	Public works and /or construction works	Mar-11	-
Through Mota-Engil Africa	(Lilongwe)	99.00	contractor
Mota-Engil (Malawi) Limited ("ME Malawi")	Malawi	100.00	Public works and /or construction works	Jul-11	-
Through MEEC África	(Lilongwe)	100.00	contractor
Mota-Engil Moçambique, Lda. ("ME Moçambique")	Mozambique	100.00		Jul-94	-
Through MEEC África	(Maputo)	50.00	Real Estate development
Through Indimo	50.00
Mota-Engil S. Tomé e Príncipe, Lda. ("Mota-Engil S. Tomé")	S. Tomé e Príncipe	100.00	Public works and /or construction works	Dec-04	-
Through Mota Internacional	(S. Tomé)	95.00
contractor
Through MEEC África	5.00
Mota Internacional - Comércio e Consultadoria Económica, Lda. ("Mota Internacional")	Portugal	100.00	Trade and management of international	Sep-97	Dec-98
Through Mota-Engil África	(Funchal)	100.00	holdings
Novicer-Cerâmicas de Angola,(SU) Limitada. ("Novicer")	Angola	51.00	Manufacturing and trade in clay goods	Sep-07	-
Through Mota-Engil Angola	(Luanda)	51.00
Operadora Estradas do Zambeze, S.A. ("Operadora Estradas do Zambeze")	Mozambique	95.00	Road operation and maintenance	Nov-09	Apr-20
Through Estradas do Zambêze	(Maputo)	95.00
Penta - Engenharia e Construção, Lda. ("Penta")	Cabo Verde	100.00	Public works and /or construction works	Apr-07	-
Through MEEC África	96.00
(Praia)	contractor
Through Mota Internacional	4.00
Prefal - Préfabricados de Luanda, Lda. ("Prefal")	Angola	45.90	Manufacturing of prestressed goods	Dec-93	-
Through Mota-Engil Angola	(Luanda)	45.90
Rentaco Angola - Equipamentos e Transportes, (SU) Limitada. ("Rentaco Angola")	Angola	51.00	Rental of construction equipment	Jan-08	-
Through Mota-Engil Angola	(Luanda)	51.00
Sonauta - Sociedade de Navegação, Lda. ("Sonauta")	Angola	100.00	Sea transportation, excluding coastal	Nov-94	-
Through Mota Internacional	(Luanda)	100.00	transport
Tracevia Angola - Sinalização, Segurança e Gestão de Tráfego, Lda. ("Tracevia Angola")	Angola	51.00	Road signs	-	Sep-07
Through Mota-Engil Angola	(Luanda)	51.00
	Jul-08	Dec-13
Vista Energy Environment & Services, S.A. ("Vista SA")	Angola	51.00	Management of financial holdings
Through Mota-Engil Angola	(Luanda)	51.00
	May-09	Dec-13
Vista Multi Services, Lda. ("Vista Multi Services")	Angola	51.00	Urban services
Through Vista SA	(Luanda)	40.80
Through Mota-Engil Angola	10.20
Vista Waste Management, Lda. ("Vista Waste")	Angola	56.15		Dec-09	Dec-13
Through Mota-Engil Angola	5.10	Collection of waste
Through Vista SA	(Luanda)	20.91
Through Suma	30.14

Interim Consolidated Financial Statements 2020 51

Designation	Head Office	Effective holding	Activity	Incorporation date	Acquisition date
percentage
Latin America
Administradora Desarrollo MEM ("Administradora Desarrollo MEM")	Mexico	51.49	Business Administration	Feb-18	-
Through Mota-Engil México	50.49
(Mexico City)
Through Mota-Engil América Latina SAPI	1.00
Ambiente y servicios Peru S.A. ("Ambiente y Servicios Peru")	Peru	100.00	Exploitation of terminals	-	-
Through Mota-Engil Engenharia e Construção	0.00
(Lima)
Through Mota-Engil Peru	100.00
Consita Tratamento de resíduos, S.A. ("Consita")	Brazil	54.93	Waste treatment	-	Dec-14
Through Geres Participações	(Belo Horizonte)	54.93
Consórcio Los Castãnos ("Consórcio Los Castãnos")	Peru	100.00	Real Estate Development	Dec-11	-
Through Mota- Engil Peru	(Lima)	100.00
	Sep-18	-
Consórcio EE Canoas ("Consórcio EE Canoas")	Colombia	87.50	Construction and public works
Through Empresa Construtora do Brasil	(Bogotá)	21.88
Through Mota-Engil Latam Colombia SAS	65.63
Consórcio Fanning ("Consórcio Fanning")	Peru	100.00	Real Estate Development	Dec-11	-
Through Mota- Engil Peru	(Lima)	100.00
Consórcio GDL Viaduto, S.A.P.I de CV ("Consórcio GDL Viaduto")	Mexico	21.88	Construction and public works	Jun-14	-
Through Mota-Engil México	(Mexico City)	21.88
	May-16	-
Consórcio ME-Contrato Colegios ("Consórcio ME Colegios")	Colombia	100.00	Construction works
Through Mota-Engil Engenharia e Construção - Colombia branch	75.00
(Buenaventura)
Through Mota- Engil Peru	25.00
Consórcio ME Carrera 43 ("Consorcio ME Carrera 43")	Colombia	100.00	Construction and public works	Feb-18	-
Through Mota-Engil Latam Colombia SAS	(Bogotá)	100.00
Consórcio Mota-Engil Ojeda & Iju Paracas ("Consórcio ME Ojeda & Iju")	Peru	100.00	Real Estate Development	Dec-11	-
Through Mota- Engil Peru	(Lima)	100.00
Consórcio MEC Arroyo Carrera 65 ("Consórcio MEC Arroyo Carrera")	Colombia	51.00	Construction and public works	Sep-16	-
Through Mota-Engil Engenharia e Construção - Colombia branch	0.01
(Bogotá)
Through Mota-Engil Colômbia	50.99
		May-16	-
Consórcio MEC-Av.Malecon-UF1 ("Consórcio MEC-Av.Malecon-UF1")	Colombia	51.00	Construction and public works
Through Mota-Engil Engenharia e Construção - Colombia branch	0.01
(Buenaventura)
Through Mota-Engil Colômbia	50.99
Consórcio MEC-Av.Malecon-UF2 ("Consórcio MEC-Av.Malecon-UF2")	Colombia	51.00	Construction and public works	Nov-16	-
Through Mota-Engil Engenharia e Construção - Colombia branch	0.01
(Bogotá)
Through Mota-Engil Colômbia	50.99
Mexico
Consórcio Lamat Tramo 1 SAPI ("Consórcio Lamat Tramo")	29.58	Construction and public works	Apr-20	-
Through Mota-Engil México	(Mexico City)	29.58
Consórcio La Ponciana ("Consórcio La Ponciana")	Peru	100.00	Real Estate Development	Dec-11	-
Through Mota- Engil Peru	(Lima)	100.00
Consórcio Porta ("Consórcio Porta")	Peru	100.00	Real Estate Development	Dec-11	-
Through Mota- Engil Peru	(Lima)	100.00
Consórcio Túnel Guadalajara, SAPI de CV ("Consórcio GDL Túnel")	Mexico	21.88	Construction and public works	Jul-14	-
Through Mota-Engil México	(Mexico City)	21.88
Constructora APP Tabasvera S.A. de C.V. ("Constructora APP Tabasvera")	Mexico	38.25	Construction and public works	Jul-16	-
Through Mota-Engil México	(Mexico City)	38.25
Constructora Autopista Cardel-Poza Rica, S.A. de CV ("Constructora Cardel-Poza Rica")	Mexico	40.80	Construction and public works	-	Nov/17
	(Mexico City)
Through Mota-Engil México	40.80
Constructora Tuxpan Tampico ("Construtora Tuxpan Tampico")	Mexico	51.00	Construction and public works	-	Nov/17
Through Mota-Engil México	50.99
(Mexico City)
Through Mota-Engil América Latina SAPI	0.01
Desarrolladora Cuatro Caminos ("Desarrolladora Cuatro Caminos")	Mexico	49.99	Construction works	Jun-19	-
Through ME Inmobiliaria SAPI	(Mexico City)	49.99
Desarrollos DOT México, SA de CV ("Desarrollos DOT México")	Mexico	43.35	Construction and public works	Apr-18	-
Through Mota-Engil México	(Mexico City)	43.35
Desarrolladora Patzcuaro ("Desarrolladora Patzcuaro")	Mexico	49.99	Construction works	Aug-19	-
Through ME Inmobiliaria SAPI	(Mexico City)	49.99
Empresa Construtora Brasil, S.A. ("Empresa Construtora Brasil")	Brazil	50.00	Construction and public works	Nov-12	-
Through Mota-Engil Brasil Participações, Ltda	(Belo Horizonte)	50.00
Empresa Construtora de Honduras ("Empresa Construtora Honduras")	Honduras	35.70	Construction and public works	Aug-18	Sep-18
Through Mota-Engil México	(Villanueva)	35.70
FCE Comercializadora Fenix SAPI de C.V. ("FCE Comercializadora Fenix")	Mexico	28.88	Energy trading	Sep-16	-
Through Mota Engil America Latina SAPI	0.01
(Mexico City)
Through ME Energia operacional	28.87
Fideicomiso Fairmont Costa Canuva ("Costa Canuva")	Mexico	26.86	Real Estate and tourism	Aug-19	-
Through Mota-Engil Turismo	(Mexico City)	26.86
Flame Investments, B.V. ("Flame Investments")	Netherlands	51.96	Management of financial holdings	Mar-15	-
Through Mota-Engil Latin America BV	(Amsterdam)	51.96
FSE Suministradora Fenix SAPI de C.V.("FSE Suministradora Fenix")	Mexico	28.88	Energy distribution	Aug-16	-
Through Mota Engil America Latina SAPI	0.01
(Mexico City)
Through ME Energia operacional	28.87
Generadora Fenix ("Generadora Fenix")	Mexico	26.27	Energy production	Sep-15	-
Through ME Energia operacional	(Mexico City)	26.27
Geres Participações, SA ("Geres Participações")	Brazil	54.93		Dec-14	-
Through Tracevia México	28.58	Management of financial holdings
(Belo Horizonte)
Through Suma	26.35
Global Technical Services Latam BV ("GTS Latam BV")	Netherlands	100.00	Management of financial holdings	Jul-16	-
Through Mota-Engil Latin America BV	(Amsterdam)	100.00
Luso Energy del Peru S.A. ("Luso Energy del Peru")	Peru	100.00
Through Mota-Engil Peru	99.98	Other business activities	May-11	-
(Lima)
Through Mota-Engil Engenharia e Construção	0.02
MEBR Construções, Consultoria e Participações, S.A. ("MEBR")	Brazil	100.00	Construction and public works	Mar-11	-
Through Mota-Engil Latin America BV	57.69
(São Paulo)
Through Mota-Engil Latam Peru	42.31
ME Energy Holding ("ME Energy Holding ")	Netherlands	28.87	Management of financial holdings	Nov-15	-
Through Mota-Engil México	0.01
(Amsterdam)
Through Mota-Engil Energy BV	28.86
ME Energia Operacional ("ME Energia operacional")	Mexico	28.87	Development and energy production	Sep-15	-
Through Mota-Engil Energy Holding	28.87
(Mexico City)	operation
Through Mota-Engil América Latina SAPI de CV	0.00
ME Inmobiliaria SAPI ("ME Inmobiliaria SAPI")	Mexico	50.49	Real Estate development	Jul-18	-
Through Mota-Engil México	(Mexico City)	50.49
Mota-Engil América Latina S.A.P.I. de C.V. ("Mota-Engil América Latina")	Mexico	100.00	Management of financial holdings	Nov-13	May-14
Through Mota-Engil SGPS	0.02
(Mexico City)
Through Mota-Engil Latin America BV	99.98
Mota-Engil Argentina, SAU ("Mota-Engil Argentina")	Argentina	100.00	Construction and public works	Apr-18	-
Through Mota-Engil Latin America BV	(Buenos Aires)	100.00
Mota-Engil Aruba Holding Company VBA ("Mota-Engil Aruba Holding")	Aruba	100.00	Management of financial holdings	Dec-15	-
Through Mota-Engil Latin America BV	(Oranjestad)	100.00
Mota-Engil Chile S.A. ("Mota-Engil Chile")	Chile	100.00	Construction and public works	Feb-13	-
Through Mota- Engil Latam Portugal	99.00
(Santiago)
Through Mota- Engil Engenharia e Construção	1.00

Interim Consolidated Financial Statements 2020 52

Designation	Head Office	Effective holding	Activity	Incorporation date	Acquisition date
percentage
Mota-Engil Colômbia, S.A.S ("Mota-Engil Colômbia")	Colombia	100.00	Construction and public works	Feb-11	-
Through Mota-Engil Engenharia e Construção	99.00
(Bogotá)
Through Mota-Engil Latam Peru	1.00
Mota-Engil Dominicana S.A.S. ("Mota-Engil Dominicana")	Dominican Rep.	60.00	Construction and public works	Nov-14	-
Through Mota-Engil Latin America BV	(Santo Domingo)	60.00
Mota-Engil Energy B.V. ("Mota-Engil Energy BV")	Netherlands	28.86	Finance and consulting	Sep-15	-
Through Flame Investments	(Amsterdam)	28.86
Mota-Engil Honduras ("Mota-Engil Honduras")	Honduras	51.20	Construction and provision of civil	Jun-18	-
Through Mota-Engil México	50.80
(Tegucigalpa)	engineering and architecture services
Through Mota-Engil Latin America BV	0.40
Mota-Engil Latam Col, S.A.S ("Mota-Engil Latam Col")	Colombia	100.00	Construction and public works	Feb-11	-
Through Mota-Engil Colômbia	99.00
(Bogotá)
Through Mota-Engil Engenharia e Construção	1.00
Mota-Engil Latam Colombia SAS ("ME Latam Colombia SAS")	Colombia	100.00	Construction and public works	Dec-16	-
Through Mota-Engil Engenharia e Construção	49.00
(Bogotá)
Through Mota-Engil Latin America BV	51.00
Mota-Engil Latam Portugal, S.A. ("Mota-Engil Latam Portugal")	Portugal	100.00	Management of financial holdings	Jul-15	-
Through Mota-Engil SGPS	(Porto)	100.00
Mota-Engil Latam Peru ("Mota-Engil Latam Peru")	Peru	100.00	Management of financial holdings	Dec-15	-
Through Mota-Engil Latin America BV	99.90
(Lima)
Through Mota-Engil Engenharia e Construção	0.10
Mota-Engil Latin America BV ("ME Latin America")	Netherlands	100.00	Management of financial holdings	Nov-15	-
Through Mota-Engil Latam Portugal	(Amsterdam)	100.00
Mota-Engil México, S.A. de C.V. ("Mota-Engil México")	Mexico	51.00		Jan-10	-
Through Mota-Engil Latin America BV	19.18	Construction and public works
Through Mota-Engil América Latina SAPI	(Mexico City)	31.82
Through Mota Internacional		0.00
Mota-Engil O&M México, SAPI de CV ("Mota-Engil O&M México SAPI")	Mexico	51.00	Construction and public works	Sep-17	-
Through Mota-Engil México	(Mexico City)	51.00
Mota-Engil Peru, S.A. ("Mota-Engil Peru")	Peru	100.00	Construction and public works	Sep-86	-
Through Mota-Engil Latin America BV	99.90
(Lima)
Through Mota-Engil Engenharia e Construção	0.10
Mota-Engil Servicios Compartidos ("Mota-Engil Servicios Compartidos")	Mexico	51.00	Administrative Services	Sep-19	-
Through Mota-Engil México	51.00
(Mexico City)
Through Mota-Engil América Latina SAPI	0.00
Mota-Engil Tourism, B.V. ("Mota-Engil Tourism BV")	Netherlands	43.13	Management of financial holdings	Sep-15	-
Through Mota-Engil Latin America BV	9.17
(Amsterdam)
Through Flame Investments	33.96
Mota-Engil Turismo, S.A. de CV ("Mota-Engil Turismo operacional")	Mexico	43.13	Real Estate and Tourism	Feb-15	-
Through Mota-Engil América Latina SAPI	0.00
(Mexico City)
Through Mota-Engil Turismo Holding	43.13
Mota-Engil Turismo Holding, S.A.P.I. de C.V. ("Mota-Engil Turismo Holding")	Mexico	43.13	Management of financial holdings	Jun-15	-
Through Mota-Engil México	0.01
(Mexico City)
Through Mota-Engil Tourism BV	43.13
Operadora APP Coatzacoalcos Villahermosa SAPI de C.V. ("Operadora APP Coatzacoalcos	Mexico	38.25		Apr-17	-
Villahermosa")	Road construction and maintenance
(Mexico City)
Through Mota-Engil México	38.25
Promotora Inmobiliaria Santa Clara, S.A. ("Santa Clara")	Peru	100.00	Real Estate Development services	May-12	-
Through Mota- Engil Peru	(Lima)	100.00
Puente Boca del Rio S.A. De C.V. ("Puente Boca del Rio")	Mexico	58.35	Construction and public works	May-16	-
Through Mota-Engil México	43.35
(Mexico City)
Through Mota-Engil Engenharia e Construção	15.00
Red Rainbow Company N.V. ("Red Rainbow")	Aruba	100.00	Construction and public works	Jan-12	Apr-16
Through Mota-Engil Aruba Holding Company VBA	(Oranjestad)	100.00
Tarucani Generating Company, S.A. ("Tarucani")	Peru	100.00	Generation and distribution of electric	Apr-00	-
Through Mota- Engil Energia Peru	(Lima)	99.98
energy
Through Mota- Engil Peru		0.02
Tracevia do Brasil -Sistemas de Telemática Rodoviaria Ltda. ("Tracevia Brasil")	Brazil	50.00	Design, installation, development and	Mar-11	-
Through MEBR	(São Paulo)	50.00	maintenance of ITS
Tracevia Mexico S.A. de C.V. ("Tracevia Mexico")	Mexico	50.00	Design, installation, development and	Jun-17	-
Through Tracevia Brasil	50.00	maintenance of ITS
(Mexico City)

Interim Consolidated Financial Statements 2020 53

COMPANIES / ENTITIES INCLUDED IN THE CONSOLIDATION BY THE EQUITY METHOD

The companies / entities included in the attached consolidated financial statements by the equity method, their head offices and effective holding percentage as at June 30, 2020, were as follows:

	Designation		Head Office			Effective holding
				percentage
	Associated and jointly controlled companies
	Parent Company of the Group and related activities
	Haçor, Conc. Edifício do Hospital da Ilha Terceira, S.A. ("Haçor")		Portugal		40.00
	HL - Sociedade Gestora do Edifício, S.A. ("HL - Sociedade Gestora do Edifício")		Portugal		50.00
	Ibercargo Rail, S.A. ("Ibercargo")		Spain		50.00
	Manvia II Condutas, Lda. ("Manvia II Condutas")		Portugal		45.00
	Nortenha Angola, SGPS, S.A. ("Nortenha")		Portugal		29.99
	Riscos e Diâmetros Angola, SGPS, S.A. ("Riscos e Diâmetros Angola")		Portugal		30.10
	Sunviauto Internacional, SGPS, S.A. ("Sunviauto Internacional")		Portugal		29.99
	Europe - Environment and Services
	Ambilital - Investimentos Ambientais no Alentejo, EIM. ("Ambilital")		Portugal		30.14
	Citrup - Centro Integrado de Resíduos, Lda. ("Citrup")		Portugal		18.45
	Ecolezíria - Empresa Intermunicipal para Tratamento de Resíduos Sólidos, E. I. M. ("Ecolezíria")		Portugal		15.07
	Africa
	Automatriz, S.A. ("Automatriz")		Angola		25.50
	Busegera Airport Company Lda ("Busegera")		Rwanda		75.00
	Icer - Indústria de Cerâmica, Lda. ("Icer")		Angola		25.50
	Mebisa - Minerais e Britagens, S.A. ("Mebisa")		Angola		15.30
	SPRI - Sociedade Portuguesa de Realizações Industrais e Assistência Técnica, S.A. ("SPRI")		Angola		40.00
	Twine, Lda ("Twine")		Mozambique		50.00
	Vista Power, Lda. ("Vista Power")		Angola		25.50
	Latin America
	Autopista Urbana Siervo de la Nacion, SAPI de CV ("Autopista Siervo de la Nacion")		Mexico		17.49
	APP Coatzacoalcos Villahermosa S.A.P.I. de C.V. ("APP Coatzacoalcos Villahermosa")		Mexico		20.40
	APP Tamaulipas, S.A.P.I. de C.V. ("APP Tamaulipas")		Mexico		23.97
	Concessionária Autopista Cardel-Poza Rica SA de CV ("Concessionária Autopista Cardel")		Mexico		28.73
	Concessionária Autopista Tuxpan-Tampico SA de CV ("Concessionária Autopista Tuxpan-Tampico")		Mexico		25.85
	Concessionaria Urbana Arco Oriente SA de CV ("Concessionaria Urbana Arco Oriente")		Mexico		17.00
	Consorcio ME Colombia ("Consorcio ME Colombia")		Colombia		38.06
	Consorcio Mepax Limitada ("Consorcio Mepax")		Chile		49.90
	Constructora Autopista Perote Xalapa, SA de CV ("Constructora Perote Xalapa")		Mexico		25.50
	Constructora Gran Canal SAPI de CV ("Construtora Gran Canal")		Mexico		17.03
	Constructora M&R, S.A. de C.V. ("Constructora M&R")		Mexico		10.20
	Constructora Tampico Ciudad Victoria, S.A.P.I. de C.V. ("Constructora Tampico Ciudad Victoria")		Mexico		20.40
	Eco Innovacion Ambiental SAPI de CV ("Eco Innovacion")		Mexico		17.85
	ECOSS Ambiental ("ECOSS Ambiental")		Brazil		18.68
	Fideicomiso el Capomo ("Fideicomiso el Capomo")		Mexico		43.13
	Gestion e Innovacion en Servicios Ambientales SA de CV ("GISA")		Mexico		25.50
	M&R de Occidente SAPI de CV ("Concessionária M&R")		Mexico		20.00
	Operadora Maritima Matamoros ("Operadora Marítima Matamoros")		Mexico		25.50
	Operadora Tampico Ciudad Victoria, S.A.P.I. de C.V. ("Operadora Tampico Ciudad Victoria")		Mexico		24.23
	Sistemas Electricos Metropolitanos ("Sistemas Electricos Metropolitanos")		Mexico		25.50
	Trans Tamaulipas ("Trans Tamaulipas")		Mexico		17.00
	Martifer Group		Portugal		37.50

The "Agrupamentos Complementares de Empresas" (ACE) included in the attached consolidated financial statements by the equity method and their effective holding percentage as at June 30, 2020, were as follows:

Jointly controlled entities - "Agrupamentos	Effective holding
Complementares de Empresas"	percentage
In activity	45.00%
Ecotejo-Serviços Manut. Tejo Atlântico; ACE
Manvia - Lena Ambiente, ACE	50.00%
Manvia Efacec Exploração Técnica de Sistemas, ACE	50.00%
Mesofer ACE	36.50%
Metroligeiro - Construtora de Infra - Estruturas, ACE	53.20%
Mota-Engil/Acciona/Edivisa - Obras do Aproveitamento Hidroeléctrico de Alto Tâmega, ACE	42.50%
SOMAGUE/MOTA-ENGIL - COTA 500, ACE	36.42%
In warranty period
Barragem de Foz Tua ACE	33.34%
DIEXP - Expropriações do Douro Interior, ACE	37.08%
Engil e OPCA em ACE	50.00%
EXPI - Expropriações do Pinhal Interior, ACE	37.08%
GACE - Gondomar ACE	24.00%
GCVC, ACE (Grupo Construtor de Vila do Conde)	42.86%
GLEX - Expropriações da Grande Lisboa, ACE	42.08%
Grupo Construtor do Edifício Gil Eanes, ACE	50.00%
Haçor Hospital da Terceira, ACE	43.25%
HL Construção, ACE	65.00%
LGC - Linha Gondomar, Construtores, ACE	30.00%
Mota-Engil, Soares da Costa, Monteadriano - Matosinhos, ACE	42.86%
Reforço de Potência da Barragem de Venda Nova III, ACE	28.33%
Somague, BCP, Mota-Engil, SPIE - Linha Vermelha do Metropolitano em ACE	23.68%
Via Rápida Câmara Lobos ECL, ACE	36.42%

Interim Consolidated Financial Statements 2020 54

JOINTLY CONTROLLED OPERATIONS - CONSORTIUMS

The consortiums included in the attached consolidated financial statements in the proportion of the assets, liabilities, expenses and income contractually attributable to the GROUP, respective head offices and effective holding percentage as at June 30, 20, were as follows:

	Designation	Head Office	Effective holding
	percentage
	Latin America
	Consórcio Conservacion Vial Santa Rosa ("Consórcio Conservacion Vial Santa Rosa")	Peru	50.00
	Through Mota- Engil Peru	(Lima)	50.00
	Consórcio Constructor Del Puerto de San Martin ("CCPSM - Consorcio Constructor Del Puerto de San Martin")	Peru	33.30
	Through Mota- Engil Peru	(Lima)	33.30
	Consórcio Ibagué-Honda-Cambao-Manizales ("Consórcio Ibague")	Colombia	25.00
	Through Mota-Engil Engenharia e Construção - Colombia branch	(Bogotá)	25.00
	Consórcio Inframe ("Consórcio Inframe")	Colombia	60.00
	Through Mota-Engil Engenharia e Construção - Colombia branch	(Medellín)	60.00
	Consórcio Mota-Engil Dominicana SAS/IEMCA ("Consórcio Mota-Engil Dominicana")	Dominican Rep.	42.00
	Through Mota-Engil Dominicana	(Santo Domingo)	42.00
	Consórcio Mota-Engil Peru HL Paita ("Consórcio Mota-Engil Peru HL Paita")	Peru	50.00
	Through Mota- Engil Peru	(Lima)	50.00
	Consórcio Mota-Engil TR ("Consórcio Mota-Engil TR")	Peru	50.00
	Through Mota- Engil Peru	(Lima)	50.00
	Consórcio Puentes de Loreto ("Consórcio Puentes Loreto")	Peru	34.00
	Through Mota- Engil Peru	(Lima)	34.00
	Consórcio Vial Acobamba ("Consórcio Vial Acobamba")	Peru	50.00
	Through Mota- Engil Peru	(Lima)	50.00
	Consórcio Vial el Descanso-Langui ("Consórcio Vial el Descanso-Langui")	Peru	50.00
	Through Mota- Engil Peru	(Lima)	50.00
	Consórcio Vial Jaylli ("Consórcio Vial Jaylli")	Peru	42.00
	Through Mota- Engil Peru	(Lima)	42.00
	Consórcio Vial Sur del Peru ("Consórcio Vial Sur del Peru")	Peru	50.00
	Through Mota- Engil Peru	(Lima)	50.00
	Consórcio Vial Tambillo ("Consórcio Vial Tambillo")	Peru	50.00
	Through Mota- Engil Peru	(Lima)	50.00
	Consórcio Vial Valle Sagrado ("Consórcio Vial Valle Sagrado")	Peru	50.00
	Through Mota- Engil Peru	(Lima)	50.00
	Consórcio Vial Vizcachane ("Consórcio Vial Vizcachane")	Peru	50.00
	Through Mota- Engil Peru	(Lima)	50.00
	Stracon Translei Joint Venture ("Consórcio Stracon Translei")	Peru	50.00
	Through Mota- Engil Peru	(Lima)	50.00
	Translei Consórcio Cosapi ("Translei Consórcio Cosapi")	Peru	50.00
	Through Mota- Engil Peru	(Lima)	50.00
	Translei Consórcio Cusco-Quillabanba ("Translei Consórcio Cusco-Quillabanba")	Peru	50.00
	Through Mota- Engil Peru	(Lima)	50.00

Interim Consolidated Financial Statements 2020 55

The Mota-Engil Group maintains a stable relationship with stakeholders and the surrounding community. A relationship of trust based on a unique and transversal strategy, guided by values that has been maintained since the foundation of the Group for more than 70 years, passed down from generation to generation.

Cohesion

today,

03

Mandatory

Information

Imagining

Tomorrow.

Mandatory information - Interim Report 2020

58

DECLARATION UNDER THE TERMS OF ARTICLE 246, NO. 1, CAPTION C), OF CVM (SECURITIES CODE)

Under the terms of article 246, no. 1, caption c) of the Securities Code, the members of the Board of Directors declare that, to the best of their knowledge, the information contained in this report and accounts has been prepared according to the International Financial Reporting Standards (IFRS) as adopted by the European Union, providing a true and appropriate image of the assets and liabilities, of the financial situation and of the results of MOTA-ENGIL, SGPS, SA and the companies included in its consolidation perimeter, and that the management report faithfully expresses the evolution of the business, the performance and the position of MOTA-ENGIL, SGPS, SA and the companies included in its consolidation perimeter, and contains a description of the main risks and uncertainties with which they are confronted.

Porto, August 25, 2020

António Manuel Queirós Vasconcelos da Mota

Chairman of the Board of Directors

Gonçalo Nuno Gomes de Andrade Moura Martins

Deputy-chairman of the Board of Directors and President of the Executive Committee (Chief Executive Officer)

Arnaldo José Nunes da Costa Figueiredo

Deputy-chairman of the Board of Directors

Jorge Paulo Sacadura Almeida Coelho

Deputy-chairman of the Board of Directors

Carlos António Vasconcelos Mota dos Santos

Member of the Board of Directors and Deputy-chairman of the Executive Committee

Maria Manuela Queirós Vasconcelos Mota dos Santos

Member of the Board of Directors

Maria Teresa Queirós Vasconcelos Mota Neves da Costa

Member of the Board of Directors

Maria Paula Queirós Vasconcelos Mota de Meireles

Member of the Board of Directors

Ismael Antunes Hernandez Gaspar

Member of the Board of Directors and Member of the Executive Committee

José Pedro Matos Marques Sampaio de Freitas

Member of the Board of Directors and Member of the Executive Committee (Chief Financial Officer)

João Pedro dos Santos Dinis Parreira

Member of the Board of Directors and Member of the Executive Committee

58

Mandatory information - Interim Report 2020

59

Eduardo João Frade Sobral Pimentel

Member of the Board of Directors and Member of the Executive Committee

Manuel António da Fonseca Vasconcelos da Mota

Member of the Board of Directors and Member of the Executive Committee

Luís Filipe Cardoso da Silva

Member of the Board of Directors and Member of the Executive Committee

Emídio José Bebiano e Moura da Costa Pinheiro

Member of the Board of Directors

Luís Francisco Valente de Oliveira

Non-executive and independent member of the Board of Directors

António Bernardo Aranha da Gama Lobo Xavier

Non-executive and independent member of the Board of Directors

António Manuel da Silva Vila Cova

Non-executive and independent member of the Board of Directors

Francisco Manuel Seixas da Costa

Non-executive and independent member of the Board of Directors

Helena Sofia Salgado Cerveira Pinto

Non-executive and independent member of the Board of Directors

Ana Paula Chaves e Sá Ribeiro

Non-executive and independent member of the Board of Directors

59

Mandatory information - Interim Report 2020

60

INFORMATION REGARDING TRANSACTIONS OVER OWN SHARES, UNDER THE TERMS OF ARTICLE 66 NO. 5 CAPTION D) OF THE COMMERCIAL COMPANIES CODE

Under the terms defined in caption d) of no. 5 of article 66º of the Commercial Companies Code, we hereby declare that, during the first half of 2020, MOTA-ENGIL, SGPS SA did not proceed with any transaction over own shares. Therefore, as at June 30, 2020, MOTA-ENGIL, SGPS SA hold 6,091,581 own shares representing 2.56% of its share capital, detailed as follows:

2020

Opening Balance

Closing Balance

Quantity

6,091,581

6,091,581

Average cost	Amount
1.68€	10,232
1.68€	10,232

60

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61

QUALIFIED HOLDINGS

In compliance with the provisions of Article 2, no. 4 of CMVM Regulation no. 5/2008, we hereby disclose the list as at June 30, 2020 of the persons with qualified holdings, with the indication of the number of shares held and the corresponding percentage of voting rights, computed under the terms of Article 20 of the Securities Code:

Shareholders		No. of shares	% of Capital	% of Voting
	held	rights
Mota Gestão e Participações, SGPS, SA (*)	134,147,973	56.48%	57.97%
Maria Paula Queirós Vasconcelos Mota de Meireles (**)	4,494,211	1.89%	1.94%
António Manuel Queirós Vasconcelos da Mota (**)	4,210,020	1.77%	1.82%
Maria Teresa Queirós Vasconcelos Mota Neves da Costa (**)	3,676,836	1.55%	1.59%
Maria Manuela Queirós Vasconcelos Mota dos Santos (**)	3,275,066	1.38%	1.42%
António Lago Cerqueira, S.A. (***)	3,091,577	1.30%	1.34%
Carlos António Vasconcelos Mota dos Santos (**)	480,000	0.20%	0.21%
Manuel António da Fonseca Vasconcelos da Mota (**)	440,000	0.19%	0.19%
Maria Sílvia Fonseca Vasconcelos Mota (****)	437,061	0.18%	0.19%
José Manuel Mota Neves da Costa (****)	35,000	0.01%	0.02%
José Pedro Matos Marques Sampaio de Freitas (**)	20,138	0.01%	0.01%
Attributable to FM - Sociedade de Controlo, SGPS, SA	154,307,882	64.97%	66.68%
Ghotic Corp Mutima Capital (*)	3,604,893	1.52%	1.56%
Ghotic HSP Corp Mutima Capital (*)	1,399,289	0.59%	0.60%
Ghotic JBD LLC Mutima Capital (*)	1,312,787	0.55%	0.57%
Gothic ERP LLC Mutima (*)	925,700	0.39%	0.40%
The Mutima Africa Fund LP (*)	180,640	0.08%	0.08%
Attributable to Mutima Capital Management, LLC	7,423,309	3.13%	3.21%
Attributable to Norges Bank	5,480,011	2.31%	2.37%
Own shares	6,091,581	2.56%	-
Freefloat	64,202,358	27.03%	27.74%
TOTAL	237,505,141	100.00%	100.00%

(*) Direct shareholder of the Company

1. Member of the Board of Directors of the Company and person qualified as "Dirigente" (***) 51% of this company is held by Mota Gestão e Participações, SGPS, SA
   (****) Person qualified as "Dirigente" of the Company

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Mandatory information - Interim Report 2020

62

INFORMATION REGARDING TRANSACTIONS PERFORMED BY MEMBERS OF THE BOARD OF DIRECTORS AND BY "DIRIGENTES"

Disclosure of shares and other securities held by members of the Board of Directors and by people qualified as "Dirigentes", as well as people closely related to them, under the terms of article 248-B of the Securities Code, and disclosure of the transactions performed during the first half of the year.

							Holding shares of
"Dirigentes"	Date		MOTA-ENGIL, SGPS, SA			MGP, SGPS, SA	FM, SGPS, SA
Qt.	Price	Buy / Sell	Inside /	%	Qt.	%	Qt.	%
			Outside
							Market
Maria Paula Queirós Vasconcelos Mota de Meireles
										0.0%	17,902	21.51%
Opening balance / Closing balance		4,494,211					1.89%	0
António Manuel Queirós Vasconcelos da Mota
Opening balance / Closing balance		4,210,020					1.77%	0	0.0%	28,701	34.48%
Maria Teresa Queirós Vasconcelos Mota Neves da Costa
Opening balance / Closing balance		3,676,836					1.55%	0	0.0%	17,902	21.51%
Maria Manuela Queirós Vasconcelos Mota dos Santos
Opening balance		3,375,066					1.42%		0.0%	17,902	21.51%
		22 June 2020	-100,000		Donation
	Closing balance		3,275,066					1.38%	0	0.0%	17,902	21.51%
Carlos António Vasconcelos Mota dos Santos
Opening balance		380,000					0.16%
		22 June 2020	100,000		Donation
	Closing balance		480,000					0.20%
Manuel António da Fonseca Vasconcelos da Mota
Opening balance / Closing balance		440,000					0.19%
Maria Sílvia Fonseca Vasconcelos Mota
Opening balance / Closing balance		437,061					0.18%
José Manuel Mota Neves da Costa
Opening balance / Closing balance		35,000					0.01%
José Pedro Matos Marques Sampaio de Freitas
Opening balance / Closing balance		20,138					0.01%
Luís Filipe Cardoso da Silva
Opening balance / Closing balance		12,500					0.01%
Gonçalo Nuno Gomes de Andrade Moura Martins
Opening balance / Closing balance		12,435					0.01%
Emídio José Bebiano e Moura da Costa Pinheiro
Opening balance / Closing balance 1)		10,000					0.00%
António Cândido Lopes Natário
Opening balance / Closing balance		10,000					0.00%
Rui Jorge Teixeira de Carvalho Pedroto
Opening balance / Closing balance		2,000					0.00%
Ismael Antunes Hernandez Gaspar
Opening balance / Closing balance		1,000					0.00%
António Lago Cerqueira, S.A.
Opening balance / Closing balance		3,091,577					1.30%
F.M. - Sociedade de Controlo, SGPS, SA
Opening balance / Closing balance		-					-	6,337,640	100.0%
Mota Gestão e Participações, SGPS, SA
Opening balance		133,466,687					56.20%
		13 March 2020	45,000	1.020
		16 March 2020	136,286	1.017
		15 May 2020	500,000	1.006
	Closing balance		134,147,973					56.48%	-	-

1) Position at June 30, 2020 and in the date of its appointment to the corporate bodies of Mota-Engil SGPS.

As at June 30, 2020, were attributable to FM - SOCIEDADE DE CONTROLO SGPS, SA 154,307,882 shares corresponding to 64.97% of the share capital of MOTA-ENGIL, SGPS, SA which confer 66.68% of the voting rights.

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Mandatory information - Interim Report 2020

63

The bonds held by the members of the Board of Directors, by the "Dirigentes" and by the members of the supervisory bodies of the COMPANY as at June, 30, 2020 were as follows:

			Bonds ME	Bonds ME
	Name	No. of bonds	2018/2022	2019/2024
			(NV* - 500€)	(NV* - 500€)
	António Manuel Queirós Vasconcelos da Mota	376	376	-
	José Pedro Matos Marques Sampaio de Freitas	359	340	19
	José Manuel Mota Neves da Costa	340	200	140
	António Manuel da Silva Vila Cova	300	300	-
	Carlos António Vasconcelos Mota dos Santos	298	224	74
	Maria Manuela Queirós Vasconcelos Mota dos Santos	250	140	110
	Luís Valente de Oliveira	108	108	-
	Manuel António da Fonseca Vasconcelos da Mota	46	46	-
	Maria Paula Queirós Vasconcelos Mota de Meireles	40	40	-
	Ana Paula Chaves e Sá Ribeiro	40	40	-
	Luís Filipe Cardoso da Silva	36	36	-
	Gonçalo Nuno Gomes de Andrade Moura Martins	19	-	19
	Emídio José Bebiano e Moura da Costa Pinheiro	14	4	10
	Maria Teresa Queirós Vasconcelos Mota Neves da Costa	12	-	12
	António Cândido Lopes Natário	4	4	-

NV - Nominal Value

63