Welcome to the General Shareholders Meeting Turning Vision into Value.

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Jasmin Watts
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1 Welcome to the General Shareholders Meeting

2 Strategic Milestones in 2007 Budapest Airport San Francisco-Oakland Bay Bridge Hirschgarten Center, Munich

3 Strategic Milestones in 2007 Continuing with our strategy of covering the entire life cycle of infrastructure projects, real estate and facilities Synergizing the capabilities of all Group companies Expanding our competencies through active portfolio management Acquisitions and strategic investments New business segments Sustained action in protecting the environment and in social commitment 3

4 Turning Saint Vision Gobain, into Value. Stolberg plant 4

5 Turning Visualization Vision into Value. of geothermal power plant 5

6 Key Figures for 2007

7 Consolidated Net Profit EUR million

8 Orders and Work Done EUR billion New orders Order backlog Work done 8

9 Sales EUR billion

10 Profit EUR million Profit before taxes Profit after taxes 10

11 Equity Ratio

12 Translation and Transaction Effects Impact due to foreign operations Translation effect: No cash impact Transaction effect: Cash impact Risk limited by decentralized structure Exchange rate hedging instruments used 12

13 HOCHTIEF Stock Value growth since February 2004 Percent HOCHTIEF Dax MDax February 2004 December 31,

14 No Impact from Subprime Crisis Turner unaffected by the developments US housing market not a focus for HOCHTIEF Activities in other, cyclically less dependent segments Public-sector contracts Selected industries and business 14

15 Successful Strategy 1. Diversity of activities ensures well-balanced distribution of risks 2. Regional market fluctuations offset by international reach 3. Long-term projects and contracts ensure stable and calculable cash flows such as in concessions and airport business or in facility and asset management 15

16 Development Module Fokus, Essen

17 Development Module aurelis Real Estate Acquired in September 2007 (50 percent) Almost 1,500 properties in prime locations of German conurbations Coupling with HOCHTIEF s real estate services Aim: aurelis to become Germany s leading asset manager 17

18 Turning Quartier Vision 21, intohamburg Value. 18

19 Development Module HOCHTIEF Projektentwicklung Active in burgeoning market for urban district development Entry into development of nursing care facilities Traditional business segments showing favorable performance International activities successful 19

20 Turning Lipowy Vision Office into Value. Park, Warsaw 20

21 Construction Module Citigroup Court Square Two, New York

22 Construction Module USA Outstanding position on US civil engineering market following Flatiron acquisition Infrastructure contracts in numerous federal states Projected involvement in public-private partnership market Outstanding performance at Turner Successes in numerous market segments 22

23 Turning Cuyahoga Vision into Corporate Value. College East 23

24 Turning Kicking Vision Horse into Value. Pass, British Columbia 24

25 Construction Module Asia Pacific Strong performance at Leighton Large-scale infrastructure projects Expansion outside Australia: Stake in Al Habtoor Engineering in the Gulf Region Joint venture with subsidiary of Abu Dhabi Tourism Authority Strategic joint venture with project developer Emaar/MGF in India 25

26 Turning Al Shaqab Vision into Equestrian Value. Academy, Qatar 26

27 Construction Module Europe Losses in HOCHTIEF Construction s German building construction business Countermeasures are taking effect 2008 is transitional year Civil engineering and international construction business successful Solid orders in international infrastructure construction 27

28 Turning Lainz Vision tunnel, into Value. Vienna 28

29 Services Module Saint Gobain, Stolberg plant Eberhardstrasse, Stuttgart City Palais, Duisburg

30 Services Module Property Management Property management activities of Allianz Immobilien acquired HOCHTIEF Property Management founded Managing real estate in fiduciary capacity on behalf of owners More than seven million square meters of managed area 30

31 Turning Eberhardstrasse, Vision into Value. Stuttgart 31

32 Services Module Energy Management Vattenfall s energy contracting arm acquired HOCHTIEF Energy Management founded Modernizing and optimizing energy facilities 32

33 Turning Saint Vision Gobain, into Value. Stolberg plant 33

34 Services Module Facility Management HOCHTIEF Facility Management made good progress Specialist expertise creates added value for clients International reach goes from strength to strength: new subsidiaries in UK, Switzerland and Bahrain 34

35 Turning City Vision Palais, intoduisburg Value. 35

36 Concessions and Operation Module Hamburg Airport Mount Keith Mine, Australia A4 freeway, Thuringia

37 Concessions and Operation Module Airport Management Budapest Airport added to airport portfolio New privatization projects being reviewed Focus on well-balanced portfolio 37

38 Hamburg Airport 38

39 Concessions and Operation Module Public-Private Partnership Several new building construction projects Toll road contracts Two road links in Greece A4 A-model in Thuringia First building construction project tendered by German government won 39

40 Turning Fürst Vision Wrede intobarracks, Value. Munich 40

41 Concessions and Operation Module Contract Mining Ongoing successes in the Asia-Pacific region Numerous contracts for Leighton Entry into the mining segment in India 41

42 Turning Mount Vision Keith intomine, Value. Australia 42

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44 Evolution of HOCHTIEF HOCHTIEF can no longer be compared with the German construction company of 15 years ago Internationalization of business Tapping of business fields covering all aspects of construction Development of real estate Management and operation of projects Concessions business 44

45 New Group Structure HOCHTIEF Corporate Headquarters (management holding company) HOCHTIEF Americas HOCHTIEF Asia Pacific HOCHTIEF Concessions HOCHTIEF Europe HOCHTIEF Real Estate HOCHTIEF Services Turner Flatiron HOCHTIEF do Brasil Leighton Holdings HOCHTIEF AirPort HOCHTIEF PPP Solutions HOCHTIEF Construction AG Streif Baulogistik HOCHTIEF Projektentwicklung aurelis HOCHTIEF Property Management Deutsche Bau- und Siedlungsgesellschaft HOCHTIEF Facility Management HOCHTIEF Energy Management Aus Visionen Werte schaffen. 45

46 Employees Shortage of young, up-and-coming experts and executive staff in the industry We prevent bottlenecks: Offering employees long-term prospects Actively fostering young talent Human resources policies in tune with the times New human resources tools 46

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48 Outlook New orders EUR billion At high level, though short of prior-year figure Order backlog EUR billion At high level, though short of prior-year figure Group sales EUR billion To surpass 2007 record level Profit before taxes EUR million At high level of 2007 Consolidated net profit EUR million Up on prior year 48

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HOCHTIEF A Success Story. Turning Vision into Value.

HOCHTIEF A Success Story. Turning Vision into Value. HOCHTIEF A Success Story 1 Committed to our legacy... 2 ... highly modern, innovative and forward-thinking 3 Construction Volume in Germany 1994-2005 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004