Contents / Pages. 1. Company Profile. 4. Concessions. 2. Key Figures. 5. Bilfinger Berger share. 3. Data sheet per segment. 6. Financial calendar

Transcription

1 Factbook

2 Contents / Pages 1. Company Profile 2 The Multi Service Group 4. Concessions 18 Concessions portfolio 3 Business segments and regional split 4 Executive Board 19 Project maturity 20 Discount rate 6 Supervisory Board 7 Corporate History 2. Key Figures 8 Business development (graphs) 9 Output volume, backlog, and order income 10 Profit and loss statement Cash flow statement year-overview balance sheet year-overview business development 5. Bilfinger Berger share 21 Master data Share price development year-overview key figures 23 Shareholder structure Share buyback Rights issue 24 Development of dividend and market capitalization 25 Analysts coverage 3. Data sheet per segment 13 Industrial Services 6. Financial calendar 26 IR events 14 Power Services 15 Building and Facility Services 16 Construction 7. IR contact 27 Contact details 17 Concessions Page 1

3 1. Company Profile The Multi Service Group Bilfinger Berger is an internationally active engineering and services company with a leading position in its markets. The Group s activities consist of the Industrial Services, Power Services, Building and Facility Services, Construction and Concessions business segments. Our fundamental knowledge of the assets we build, operate and maintain allows us to deliver exceptionally strong services to our clients. We will continue to expand our services business while maintaining our construction competence. In Industrial Services Bilfinger Berger provides services for the construction, maintenance and modernization of industrial plants, primarily for industrial sectors including oil and gas, refineries, petrochemicals, chemicals and agrochemicals, pharmaceuticals, food and beverages, power generation as well as steel and aluminum. Power Services is focused on maintenance, repair, efficiency enhancements and lifetime extensions as well as the manufacture and assembly of components, especially boiler and high-pressure piping systems for power plants. The Building and Facility Services business segment includes technical, commercial and infrastructural real-estate services in Europe, the USA and MENA countries as well as building construction in Germany. Design, construction, maintenance and operation of buildings are carried out in accordance with the lifecycle approach. In Construction a high degree of technical competence and decades of experience mean that Bilfinger Berger has the expertise necessary to design and execute demanding civil engineering services. Key areas include tunneling, bridge construction, road construction, hydraulic engineering, prestressing technology, steel construction and foundation engineering. Concessions: On the basis of long-term concession contracts, Bilfinger Berger delivers and operates transport and social infrastructure projects as a private partner to the public sector. Page 2

4 1. Company Profile Business segments Industrial Services Process Industry Power Services Utilities Building and Facility Services Real Estate Construction Mobility and energy Concessions PPP Social and transport infrastructure Output volume 2012e 17% Committed equity 06/2012 Australia Germany 22% 18% EBITA margin % 3.6bn 1.25bn 2.15bn 1.4bn 25% 15% 5.1% 8.3% 4.2% 2.1% EBITA target margin to 6.5% 9 to 9.5% 4.5 to 5% >4% IRR > 10% Output volume organic CAGR 2011 to 2016 >5% >5% >3% Canada 24% 254m UK 16% Rest of Europe 20% Output volume by region Germany 40% 2012e Page 3

5 1. Company Profile Executive Board Roland Koch, Chairman Born in Frankfurt/Main in After completing the second state law examination he worked as a lawyer from 1986 to Since 1987 he has been a member of the Hessian Parliament and in 1993 became Chairman of the CDU parliamentary group. From 1999 to 2010 he was Premier of the Federal State of Hesse. He was appointed to the Executive Board of Bilfinger Berger SE in March 2011 and is Chairman of the Board since July He is also responsible for the Corporate Strategy, Communications, Human Resources, Project Controlling, Compliance and Legal affairs. Joachim Enenkel Born in Sindelfingen in After studying civil engineering at the University of Stuttgart, he worked at various German engineering offices and construction companies. In 1996 he started working for the Bilfinger Berger Group. He has been a member of the Executive Management at Bilfinger Berger Civil since 2003 and its Chairman since He was appointed to the Executive Board of Bilfinger Berger SE in October 2010 and is responsible for the Civil engineering activities, Power Services, Nigeria and Technology. Joachim Müller, CFO Born in Eberbach in After studying economics at the University of Heidelberg, Joachim Müller worked in the field of finance and administration at several globally active industrial and IT companies. At SAP AG, he held various international management positions and was appointed to the Executive Board of SAP SI AG. Until mid 2008, he was Senior Vice President Corporate Finance at the SAP Group. Joachim Müller was appointed member of the Executive Board in November 2008 and CFO in May He is responsible for Accounting, Finance, Controlling, Internal Audit, Taxes, Investor Relations, IT and Procurement. Page 4

6 1. Company Profile Klaus Raps Born in Nördlingen in He joined the company in 1986 after studying civil engineering at the University of Applied Science in Munich as well as business administration and engineering at the Technical University of Berlin. Klaus Raps assumed leading management positions in various branches of Bilfinger Berger SE and was appointed member of the Executive Board in October He is responsible for Building construction, Facility Services, Government Services, Corporate Real Estate and Data Protection. Thomas Töpfer Born in Frankfurt in After studying business administration at the University of Nuremberg and economics at the University of Würzburg, he worked for a management consultant. Thomas Töpfer joined Rheinhold & Mahla AG, Munich (now Bilfinger Berger Industrial Services GmbH) in 1995, where he became a member of the Executive Board in 2001 and Chairman of the Executive Board in He was appointed to the Executive Board at Bilfinger Berger SE in 2009 and is responsible for HSEQ, Industrial Services, and Concessions. Page 5

7 1. Company Profile Supervisory Board Dr. (h.c.) Bernhard Walter, Chairman Formerly Speaker of the Executive Board of Dresdner Bank AG, Frankfurt am Main Stephan Brückner, Deputy Chairman* Employee of BIS Maintenance Südwest GmbH, Heinsberg Volker Böhme* Employee of BIS Isoliertechnik Nord GmbH, Dortmund, Dortmund Dr. rer. nat. John Feldmann Formerly member of the Executive Board of BASF SE, Ludwigshafen Lone Fønss Schrøder Non-executive member of the boards of several foreign commercial enterprises Thomas Kern* Employee of HSG Zander Rhein Main GmbH, Neu Isenburg Rainer Knerler* Regional Manager Berlin-Brandenburg, Industriegewerkschaft Bauen-Agrar-Umwelt (Construction, Agriculture and Environment Trade Union), Berlin Thomas Pleines Formerly member of the Executive Board of Allianz Deutschland AG, Munich Formerly chairman of the Executive Board of Allianz Versicherungs AG, Munich Udo Stark Formerly Chairman of the Executive Board of MTU Aero Engines Holding AG, Munich Holger Timmer* Employee in the Executive Board of IG Metall, Frankfurt/Main Prof. Dr. Klaus Trützschler Member of the Executive Board of Franz Haniel & Cie. GmbH, Duisburg Marek Wróbel* Employee at BIS Multiserwis Sp.z.o.o, Krapkowice, Poland *Staff representatives Committees of the Supervisory Board Presiding Committee Dr. h.c. Bernhard Walter Stephan Brückner Dr. John Feldmann Dietmar Schäfers Audit Committee Udo Stark Volker Böhme Rainer Knerler Prof. Dr. Klaus Trützschler Nomination Committee Dr. h.c. Bernhard Walter Dr. John Feldmann Udo Stark Page 6

8 1. Company Profile Corporate History 1880 Hydraulic Engineering business Weis & Bernatz in Lorraine 1883 Hydraulic Engineering business August Bernatz in Mannheim 1886 Bernatz & Grün OHG in Mannheim 1892 Grün & Bilfinger OHG 1906 Transformation to Grün & Bilfinger AG 1912 Stock market launch of the Grün & Bilfinger share 1890 Start of Julius Berger construction business in Zempelburg / West Prussia 1895 Julius Berger OHG in Bromberg/Posen 1951 Corporate headquarters moves to Düsseldorf 1954 Renamed Bau- und Boden- Aktiengesellschaft (Bauboag) 1969 Merger of Julius Berger AG with Bauboag to form Julius Berger Bauboag AG 1970 Majority interest of Grün & Bilfinger AG in Julius Berger Bauboag AG 1975 Merger of Grün & Bilfinger AG with Julius Berger Bauboag AG to form Bilfinger + Berger Bauaktiengesellschaft 2001 Renamed Bilfinger Berger AG 2010 Transformation to Bilfinger Berger SE 1905 Transformation to Julius Berger Tiefbau AG 1910 Corporate headquarters moves to Berlin 1948 Corporate headquarters moves to Wiesbaden 1890 Berlinische Boden-Gesellschaft Page 7

9 2. Key Figures Business development (graphs) Output volume 9,222 10,742 10,403 7,936 7,620 8, ,061 4,912 5,586 6,111 Continuing operations FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2009 cont. EBIT FY 2010 FY Continuing operations FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2009 cont. FY 2010 FY 2011 Net profit 394 Discontinued operations Continuing operations FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2009 cont.fy 2010 FY 2011 EBIT: adjusted for exceptional item of 45m in 2003 and 36m in 2002 Net profit: including exceptional item of 60m in 2008, 76m in 2003 and 54m in 2002 Page 8

10 2. Key Figures Output volume, backlog, and order income Year-on-year Quarterly In million Output volume Orders received Order backlog 6m m 2012 Change 6m m 2012 Change 6m m 2012 Change Industrial Services 1,539 1, % 1,676 1,835 +9% 2,646 2,736 +3% Power Services % % 1,355 1,466 +8% Building and Facility Services 1,092 1,129 +3% 1,079 1,167 +8% 2,190 1,934-12% Construction % ,958 1,414-28% Consolidation / Other Continuing Operations 4,028 4,125 +2% 3,818 4,173 +9% 8,221 7,553-8% Page 9

11 2. Key Figures Profit and loss statement in million 6m m 2012 FY 2011 Output volume 4,028 4,125 8,476 EBITA EBITA margin 4.2% 5.9% 4.7% Amortization EBIT Net interest result EBT Income taxes Earnings after taxes from continuing operations Earnings after taxes from discontinued operations Minority interest Net profit Cash flow statement In million 6m m 2012 FY 2011 Cash earnings from continuing operations Change in working capital Gains on disposals of non-current assets Cash flow from operating activities of continuing operations Net capital expenditure on property, plant and equipment / Intangibles Proceeds from the disposal of financial assets Free Cashflow Investments in financial assets of continuing operations Cash flow from financing activities of continuing operations Change in cash and cash equivalents from continuing operations Change in cash and cash equivalents from discontinued operations F/X effects Cash and cash equivalents at 01/ Cash and cash equivalents disc. operations at 01/01/2011 (+) Disposal of cash Valemus / Concessions Cash and cash equivalents disposal group Concessions at 01/01/2012 (+) / 31/12/2011 (-) Cash and cash equivalents at 30/06 disposal group Concessions (-) 2 Cash and cash equivalents at 30/06 / 31/ Page 10

12 2. Key Figures 10-year-overview balance sheet Proforma in million FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2009 FY 2010 FY 2011 Assets Non-current assets 1,258 1,117 1,365 1,952 2,451 3,139 3,964 4,914 4,622 4,460 3,090 Intangible assets ,235 1,539 1,406 1,457 1,561 Property, plant and equipment Receivables from concession projects ,500 1,642 2,134 2,134 1, Other non-current assets Deferred tax assets Current assets 2,375 2,366 2,356 2,405 2,678 2,989 2,809 3,026 3,319 3,477 4,630 Inventories, receivables, other 1,603 1,465 1,442 1,573 1,896 2,193 2,089 2,228 1,923 1,890 2,022 Cash and cash equivalents Assets held for sale 761 1,050 1,761 Equity and liabilities Shareholders equity 1,032 1,136 1,131 1,189 1,206 1,332 1,141 1,561 1,561 1,812 1,793 Share capital Reserves ,012 1,031 1,132 1,034 1,408 1,408 1,650 1,503 Treasury shares Unappropriated retained earnings Minority interest Non-current liabilities ,320 1,817 2,602 2,873 2,823 2,511 1,159 Pension provisions Other provisions Financial debt, recourse Financial debt, non recourse ,314 1,489 1,880 1,880 1, Other liabilities Deferred tax liabilities Current liabilities 2,059 1,911 2,119 2,269 2,604 2,979 3,030 3,506 3,557 3,614 4,768 Tax provisions Other provisions Financial debt, recourse Financial debt, non-recourse Other liabilities 1,453 1,399 1,581 1,748 2,041 2,375 2,411 2,704 2,281 2,052 2,116 Liabilities held for sale ,795 Balance-sheet total 3,633 3,483 3,720 4,357 5,129 6,128 6,773 7,941 7,941 7,937 7,720 Page 11

13 2. Key Figures 10-year-overview business development in million FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY ) FY 2010 FY 2011 Output volume 4,912 5,586 6,111 7,061 7,936 9,222 10,742 10,403 7,620 8,059 8,476 Orders received 5,216 5,605 6,139 7,545 10,000 11,275 10,314 11,129 7,668 7,954 7,776 Order backlog 5,168 6,277 6,339 7,001 8,747 10,759 10,649 11,704 8,308 8,497 7,833 Capital expenditure Property, plant and equipment Financial assets Employees (at year-end) 50,277 50,460 49,852 55,346 49,141 52,723 60,923 67,199 60,838 58,182 59,210 Group earnings EBIT Net profit Cash flow from operating activities Cash flow per share Earnings per share Return on capital employed in % Absolute value added Bilfinger Berger SE (the Company) Dividend distribution Dividend per share Dividend bonus Share price at year-end Number of shares year-end 36,361,914 36,719,634 36,744,666 37,196,102 37,196,102 37,196,102 37,196,102 46,024,127 46,024,127 46,024,127 EBIT: adjusted for exceptional item of 45m in 2003 and 36m in 2002 Net profit: including exceptional item of 60m in 2008, 76m in 2003 and 54m in 2002 Per share data after rights issue adjustment 1) Continuing operations Page 12

14 3. Data sheet per segment Industrial Services Key Figures Output volume by region I in % 2012e: 3.6bn Segment profile Industrial Services. Bilfinger Berger provides services for the construction, maintenance and modernization of industrial plants, primarily for industrial sectors including oil and gas, refineries, petrochemicals, chemicals and agrochemicals, pharmaceuticals, food and beverages, power generation as well as steel and aluminum. Among the services provided are piping construction, machine and apparatus service, plant assembly, machine and apparatus engineering, electrical, instrumentation and control technology, laboratory and analysis technology, insulation, scaffolding and corrosion protection. Important regions currently include Europe and the USA. In the future, activities will also be established in India and the Middle East. Competitors Amec Power & Process Cape Fabricom Hertel Imtech Kaefer Stork Voith Industrial Services (Process Services) Xervon / Buchen (Remondis) Customer groups Oil and Gas 40% Chemical, Petrochemical, Pharma 25% Energy 10% Others 25% Contract structure 80% Services 20% Projects Business drivers Production level in process industry Outsourcing Demand for service bundling / full service Multi-national contracts Business activities Construction, maintenance and modernization of industrial plants for the process industry over their entire lifecycle Consultancy, design and engineering, procurement, project and construction management Piping construction, machine and fittings service, plant assembly, machine and apparatus engineering, electrical, instrumentation and Control technology, laboratory and analysis technology, insulation, scaffolding, corrosion protection Page 13

15 3. Data sheet per segment Power Services Key Figures Segment profile Power Services is focused on maintenance, repair, efficiency enhancements and lifetime extensions as well as the manufacture and assembly of components, especially boiler and highpressure piping systems for fossil fuel and nuclear power plants. Output volume by region I in % Important regions include Europe, South Africa and the Middle East. 2012e: 1.25bn Competitors Alstom Ansaldo Balcke-Dürr Doosan Babcock E.ON Anlagenservice Hitachi Power Europe Kraftanlagen München Nordon Customer groups 85% Utilities 15% Industry Contract structure 40% Services 60% Projects Business drivers Long-term demand for energy Age of existing power plants Efficiency / environmental requirements Engergy mix Availability of financing Business activities Service and components for power plants throughout their lifecycle i.e. maintenance, repair, efficiency enhancements and service-life extensions at existing power plants Manufacture and assembly of components for power plant construction with a focus on boiler and highpressure piping systems Page 14

16 3. Data sheet per segment Building and Facility Services Key Figures Segment profile The Building and Facility Services business segment includes technical, commercial and infrastructural real-estate services in Europe, the USA and MENA countries as well as building construction in Germany. Output volume by region I in % Design, construction, maintenance and operation of buildings are carried out in accordance with the lifecycle approach. Through close cooperation and exchange of knowledge and experience among designers, builders and facility managers, Bilfinger Berger can make sustainable, energy efficient and usage optimized buildings a reality for its clients. Competitors Facility Services Germany Dussmann Hochtief FM Strabag Property and FS Wisag Compass Facility Services International Cofely GDF Suez Faceo FM / Vinci Facilities Imtech ISS Johnson Controls Building Germany BAM Groep Hochtief Regional Mittelstand Strabag Customer groups 30% Public clients 70% Private clients Contract structure 60% Services 40% Projects Business drivers GDP / Public spending Outsourcing Service bundling / Onestop-shopping Multi-national contracts Business activities All real-estate related services throughout the lifecycle of a property Building: Development, design, consulting, logistics, turnkey construction, rehabilitation, portfolio optimization, expansion, cold storage construction Facility services: Asset and property management, integrated facility management, building technology, infrastructural and health care services, water technology Page 15

17 3. Data sheet per segment Construction Key Figures Segment profile A high degree of technical competence and decades of experience mean that Bilfinger Berger has the expertise necessary to design and execute demanding civil engineering services. Output volume by region I in % 2012e: 1.4bn Key areas include tunneling, bridge construction, road construction, hydraulic engineering, prestressing technology, steel construction and foundation engineering. Civil engineering activities are focused on Germany and other European countries. Outside of Europe we act primarily as technology partner for local companies. Competitors Alpine (FCC) Balfour Beatty BAM Groep Hochtief Max Bögl Porr Skanska Strabag Vinci Customer groups 40% Public clients 60% Private clients Contract structure 100% Projects Business drivers Investments in energy infrastructure Public demand Acceptance of PPP Business activities Demanding civil engineering services in the areas of mobility and energy i.e. tunneling, bridge construction, road constrution, hydraulic engineering, prestressing technoloy, steel construction and foundation engineering Page 16

18 3. Data sheet per segment Concessions Key Figures Segment profile On the basis of long-term concession contracts, Bilfinger Berger delivers and operates transport and social infrastructure projects as a private partner to the public sector. Important markets include Australia, Canada and Europe. Committed equity by region I in % 06/2012: 254m Competitors Contractor-led organisations: Acciona Capella ACS Hochtief Balfour Beatty Leighton Bouygues Skanska Carillion Strabag Funder-led organisations: Barclay s Commonwealth Bank Austr. Macquarie RBS Investment organisations: John Laing Plenary Customer groups 100% Public clients Contract structure 100% Projects Business drivers Acceptance of PPP Availability of financing Business activities Construction and operation of privatelyfinanced projects for transport infrastructure and social infrastructure i.e. development, design, financing, construction, operation, investment / divestment Page 17

19 4. Concessions Concessions portfolio as of 06/30/2012 Investment volume Percentage held Equity committed Method of consolidation 1) Status Concession period million % million Transport Infrastructure - Herrentunnel, Lübeck, Germany ) - E operational M6 Highway, Phase I, Hungary E operational M1 Westlink, Northern Ireland, UK F operational Golden Ears Bridge, Canada E operational E18 Highway, Norway E operational Northeast Stoney Trail, Canada F operational BAB A1, Germany E under construction M6 Highway, Phase III, Hungary E operational M80 Motorway, UK E under construction Peninsula Link, Australia E under construction Sub-total transport infrastructure 182 Public Buildings - Administrative Center, Unna, Germany* F operational Kelowna & Vernon Hospitals, Canada E operational Women's College Hospital, Canada F under construction Lagan College & Tor Bank School F under construction * - Northern Territory Secure Facilities, Australia E under construction Sub-total social infrastructure 72 Total as of June 30, ) F = full consolidation, E = at equity consolidation 2) Written-off and not included in any figures related to the Concessions segment * To be sold in 2012 to Bilfinger Bilfinger Berger Global Infrastructure fund Page 18

20 4. Concessions Project maturity Maturity of project portfolio as of June 30, 2012 Construction Ramp-up Yield Maturity Present value Accumulated cash flows (nominal) 7 projects 2 projects 5 projects Time BAB A1, GER M80 Motorway, UK Lagan College & Tor Bank School, UK Kelowna & Vernon Hospitals, CAN Women s College Hospital, CAN Northern Territory Secure Facilities, AUS Peninsula Link, AUS M6 Highway, Phase III, Hungary Golden Ears Bridge, CAN Admin Center Unna, GER M1 Westlink, UK E18, NOR M6, Phase I, Hungary Northeast Stoney Trail, CAN Page 19

21 4. Concessions NPV / discount rate - principles General The DCF method of valuation is generally used Only projects where financial close has taken effect are included Cash flows serving as the basis are derived from financial models approved by external lenders Future potential refinancing gains are not taken into account in the valuation Valuation is based on specific discount rates between 8% and 12% considering different risk profiles. Weighted average discount rate as at June 30, 2012 was 9.9%. (December 31, 2011: 9.7%) Specific discount rates Weighted risk-free basic interest rate is derived from country specific long-term treasury bonds (currently 6 %) Premium on basic interest rate for project type adjustments 2% for projects where revenues depend exclusively on the degree of availability (e.g. schools) 3% for projects, that entail limited volume risks Further premium on basic interest rate for project phase adjustments 3% in the construction phase 2% in the ramp-up phase 0% in the operation phase, when revenues and costs are certain Page 20

22 5. Bilfinger Berger share Master data 52 week high / low: / (as at Sept. 03, 2012) Closing price Sept. 03, Market cap: 1) 3.05 bn (as at Sept. 03, 2012) Shares outstanding: 1) 46,024,127 ISIN / Ticker abbreviation: Main stock markets: Segments Deutsche Boerse / Indices: DE / GBF XETRA / Frankfurt Prime Standard MDAX, Prime Industrial Products & Services Performance Index, DivMSDAX, DJ STOXX 600, DJ EURO STOXX, DJ EURO STOXX Select Dividend 30 1) Including 1,884,000 shares held as treasury stock Share price development BILFINGER MDAX 100 DAX 50 Dez 08 Apr 09 Aug 09 Dez 09 Apr 10 Aug 10 Dez 10 Apr 11 Aug 11 Dez 11 Apr 12 Aug 12 Page 21

23 5. Bilfinger Berger share 10-year-overview key figures in FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 Earnings per share Dividend Bonus Dividend yield 1) 2) 6.9% 4.8% 3.3% 2.5% 2.3% 3.4% 5.4% 3.7% 4.0% 5.2% Payout ratio 1) 61% 95% 72% 56% 50% 50% 36% 53% 39% 38% Share price highest Share price lowest Share price year end Book value per share 3) (year end) Market-to-book value Market capitalization ,112 1,499 2,065 1,963 1,388 2,482 2,909 3,032 P/E ratio 2) Number of shares year-end 4) 36,361,914 36,719,634 36,744,666 37,196,102 37,196,102 37,196,102 37,196,102 46,024,127 46,024,127 46,024,127 1) including bonus dividend 2) relating to year-end share price 3) shareholders equity w/o minorities 4) 2008 to 2011: including 1,884,000 shares held as treasury stock Page 22

24 5. Bilfinger Berger share Shareholder structure in million June 30, 2012 Dec. 31, 2011 Treasury Stock 4% 4% Retail Investors 12% 12% Institutional Investors: Germany 28% 30% U.K. 19% 18% Switzerland 15% 13% USA 10% 11% France 4% 3% Scandinavia 3% 3% Benelux 2% 2% Canada 1% 2% Others 2% 2% Share buyback 2008 Rights issue 2009 Duration of program: February 19 to April 29, 2008 Volume: 100 million 1,884,000 shares Average price: No cancellation planned Maintaining the financial resources to secure growth strategy Subscription ratio: 1 for 4, i.e. 8,828,025 new shares Subscription price: per share Gross proceeds: 270 million Settlement of shares: October 22 to 23 Total number of shares: 46,024,127 (including 1,884,000 shares held as treasury stock) Page 23

25 5. Bilfinger Berger share Development of dividend to 2008: After rights issue adjustment Development of market capitalization 2,909 3,032 2,482 2,065 1,963 1,499 1, , based on year-end share price Page 24

26 5. Bilfinger Berger share Analysts coverage Bank Analyst Recommendation Price target Date Baader Bank Karin Brinkmann Buy August 09, 2012 Bank of America ML Marcin Wojtal Buy 81,00 June 28, 2012 Bankhaus Lampe Marc Gabriel Buy July 25, 2012 Bankhaus Metzler Stephan Bauer Buy 84,00 August 10, 2012 Berenberg Bank Benjamin Gläser Buy 84,00 August 09, 2012 BHF Bank Jens Jung Buy 79,00 February 13, 2012 CA Cheuvreux Craig Abbott Buy 83,50 June 13, 2012 Commerzbank Norbert Kretlow Buy 85,00 August 10, 2012 Credit Suisse Eugene Klerk Neutral 73,00 May 14, 2012 Deutsche Bank Michael Kuhn Neutral 80,00 August 09, 2012 DZ Bank Marc Nettelbeck Buy 80,00 August 13, 2012 Equinet Ingbert Faust Buy 80,00 August 09, 2012 Equita SIM Gianmarco Bonacina Buy 85,00 August 10, 2012 Exane BNP Paribas Gerhard Orgonas Neutral 73,00 May 11, 2012 Goldman Sachs Will Morgan Neutral 78,30 August 09, 2012 HSBC Tobias Loskamp Neutral 78,00 August 15, 2012 Independent Research Christian Schöndube Neutral 73,00 May 16, 2012 Kepler Stephan Trubrich Buy 73,00 August 10, 2012 LBBW Hans-Peter Kuhlmann Buy 80,00 February 14, 2012 Main First Bank AG Christian Korth Buy 75,00 August 07, 2012 Standard & Poor's Jawahar Hingorani Buy 77,00 May 14, 2012 UBS Warburg Gregor Kuglitsch Buy 79,00 August 10, 2012 Warburg Research Frank Laser Buy 85,00 August 09, 2012 Neutral 26% Positive 74% Page 25

27 7. Financial calendar IR events 2012 November 14, 2012 Interim Report Q February 11, 2013 Preliminary figures FY 2012 March 13, 2013 Annual Press Conference FY 2012 April 18, 2012 Annual General Meeting May 14, 2013 Interim Report Q August 12, 2013 Interim Report Q November 12, 2013 Interim Report Q Page 26

28 8. IR contact Contact details Andreas Müller Head of Corporate Accounting Investor Relations Phone: +49 (0) 621 / Facsimile: +49 (0) 621 / andreas.mueller@bilfinger.com Bettina Schneider Deputy Head Investor Relations Phone: +49 (0) 621 / Facsimile: +49 (0) 621 / bettina.schneider@bilfinger.com Bilfinger Berger SE Corporate Headquarters Carl-Reiß-Platz 1-5 D Mannheim Germany Page 27