HOCHTIEF A Success Story. Turning Vision into Value.

Transcription

1 HOCHTIEF A Success Story 1

2 Committed to our legacy... 2

3 ... highly modern, innovative and forward-thinking 3

4 Construction Volume in Germany

5 Jobs in the German Construction Industry (in thousands)

6 Insolvency Proceedings in the German Construction Industry

7 Construction Corporations Traded in Frankfurt 1995 HOCHTIEF Bilfinger Berger Dywidag Heilit & Woerner Philipp Holzmann Strabag Walter Bau Wayss & Freytag 2006 HOCHTIEF Bilfinger Berger 7

8 1991: Formation of HOCHTIEF Projektentwicklung 8

9 1996: Formation of HOCHTIEF Facility Management 9

10 1997: Formation of HOCHTIEF AirPort 10

11 1999: Integration of Turner 11

12 2005: Formation of HOCHTIEF PPP Solutions 12

13 HOCHTIEF Unternehmensentwicklung Strategy End-to-end range of products and services Integrated service packages 13

14 Strategic Milestones in

15 Strategic Milestones in 2005 Further growth in operating business generated Concessions business continues to gain in importance HOCHTIEF AirPort Capital investment partnership founded Public-private partnership portfolio expanded For the first time, we published the value of our concessions portfolio Net present value as of December 31, 2005 of over EUR 873 million 15

16 Successful operation Successful partners 16

17 Maintaining and Creating Value Success: Operation over decades HOCHTIEF s top team sets us apart from the competition longterm Success: Genuine partnership HOCHTIEF as transparent, reliable and constant partner to the public sector soundly based on trust 17

18 Orders and Work Done (EUR billion) , , , , , , , New orders Order backlog Work done 18

19 Sales (EUR billion)

20 Key Performance Indicators (EUR million) Profit before taxes Profit after taxes 20

21 Consolidated Net Profit (EUR million)

22 Shareholders Equity and RONA Equity ratio 30% 26.1% 20% 28.3% Return on Net Assets (RONA) 15% 10% 8.7% 13.0% 10% 5% 0% %

23 HOCHTIEF Stock Performance 240% 220% 200% 180% 160% 140% 120% 100% 80% RWE exit GSM 2005 GSM % 23

24 Dividends Dividend per share (EUR) ,90 Dividends have increased by 80 percent over the last five years , , , * * Dividend proposal includes EUR 0.10 bonus for exceptional gain from airport investment partnership 24

25 Development 25

26 Project Development 18 projects with an investment volume of EUR 735 million in the construction phase 2005 most successful sales year to date Focus on office and hotel properties as well as developments revitalizing entire urban quarters Future prospects: Logistics market Healthcare and nursing 26

27 Construction 27

28 Construction Germany Reversal in the trend on the German construction market emerging HOCHTIEF Construction: Successfully bucked the overall negative trend Clear focus on profitable segments Healthy order situation 28

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30 Construction Europe Positive trend in the infrastructure segment Energy market a promising segment Strong impetus from markets in Central and Eastern Europe Growth rates of up to 8 percent forecast Growing demand in infrastructure, retail, logistics and office real estate 30

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32 Construction USA Consolidation phase initiated at Turner Strategy of selective, margin-based new business acquisition continued Growth rates of up to 9 percent forecast in the public buildings segment and industrial structures Top-notch positions in healthcare, education and office properties Construction manager on the world s tallest building 32

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34 Construction Asia-Pacific Continuing favorable trend in the infrastructure market once again, growth of 12 percent forecast for 2006 Growth market India 34

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36 Services 36

37 Services HOCHTIEF Facility Management integrierte Gebäudedienstleistungen Ziel: bis 2010 Europas führender Anbieter im integrierten Facility-Management beim Outsourcing von Gebäudedienstleistungen jährliche Wachstumsraten von etwa zehn Prozent besonderes Potenzial bei Gesundheitsimmobilien 37

38 Concessions and Operation 38

39 Concessions and Operation Contract mining Flourishing coal-mining business expanded through activities in highly promising iron-ore mining segment Leighton Group today the world s biggest contract miner Prospects remain outstanding 39

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41 Concessions and Operation Public-private partnership Strategic entry into the attractive UK and Irish PPP markets: investment level of around EUR 6 billion per year German public buildings segment: PPP projects worth between EUR 20 and 30 billion by 2010 Federal German freeways (A models): taking part in bidding processes for the A8, A4, A1 and A5 projects 41

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43 Concessions and Operation Airport Airport management successes continued Investment partnership HOCHTIEF AirPort Capital ensures entrepreneurial freedom for further growth Airport portfolio to be further expanded 43

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45 Strategy and Outlook Emphasis on: Promising service portfolio Promising markets Promising segments Networking Dovetailing 45

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49 HOCHTIEF Stands for Quality 1. We have the best people. 2. We offer our clients tailor-made end-to-end solutions. 3. We shape markets and set new standards. 4. We always act responsibly. 49

50 Fostering Young, Up-and-coming Talent Lack of experienced technical experts and management personnel Specialized young, up-and-coming engineers becoming thin on the ground Tremendous training efforts required Actively fostering young talent Scholarships and internships Training HOCHTIEF Academy 50

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52 Konzern-Ausblick 2006 New orders Order backlog Group sales Profit before taxes Consolidated net profit of the same order as the 2004 and 2005 records of the same order as the 2005 record of between EUR 13 and 14 billion continued improvement in operating earnings power; profit before taxes above the previous year s pretax profit adjusted for effects of the investment partnership medium-term goal of EUR 100 million, toward which we will make substantial progress in

53 The HOCHTIEF Vision HOCHTIEF is building the future. Along with our partners, we expand horizons, link people and organizations, create new ways to think and act, and continually enhance the values entrusted to our care. 53