Welcome to the General Shareholders Meeting 2008 1
Strategic Milestones in 2007 Budapest Airport San Francisco-Oakland Bay Bridge Hirschgarten Center, Munich
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
Turning Saint Vision Gobain, into Value. Stolberg plant 4
Turning Visualization Vision into Value. of geothermal power plant 5
Key Figures for 2007
Consolidated Net Profit EUR million 160 140 120 100 80 60 40 20 0 89 141 2006 2007 7
Orders and Work Done EUR billion 30 25 20 15 10 5 20.56 23.51 25.13 29.89 16.72 18.77 0 2006 2007 2006 2007 2006 2007 New orders Order backlog Work done 8
Sales EUR billion 17 16 15 14 13 15.51 16.45 12 2006 2007 9
Profit EUR million 550 500 450 400 350 300 250 200 150 100 501 338 341 201 2006 2007 2006 2007 Profit before taxes Profit after taxes 10
Equity Ratio 30 25 20 15 10 5 28.0 28.2 0 2006 2007 11
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
HOCHTIEF Stock Value growth since February 2004 Percent 400 350 300 250 200 HOCHTIEF Dax MDax 150 100 50 February 2004 December 31, 2007 13
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
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
Development Module Fokus, Essen
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
Turning Quartier Vision 21, intohamburg Value. 18
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
Turning Lipowy Vision Office into Value. Park, Warsaw 20
Construction Module Citigroup Court Square Two, New York
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
Turning Cuyahoga Vision into Corporate Value. College East 23
Turning Kicking Vision Horse into Value. Pass, British Columbia 24
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
Turning Al Shaqab Vision into Equestrian Value. Academy, Qatar 26
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
Turning Lainz Vision tunnel, into Value. Vienna 28
Services Module Saint Gobain, Stolberg plant Eberhardstrasse, Stuttgart City Palais, Duisburg
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
Turning Eberhardstrasse, Vision into Value. Stuttgart 31
Services Module Energy Management Vattenfall s energy contracting arm acquired HOCHTIEF Energy Management founded Modernizing and optimizing energy facilities 32
Turning Saint Vision Gobain, into Value. Stolberg plant 33
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
Turning City Vision Palais, intoduisburg Value. 35
Concessions and Operation Module Hamburg Airport Mount Keith Mine, Australia A4 freeway, Thuringia
Concessions and Operation Module Airport Management Budapest Airport added to airport portfolio New privatization projects being reviewed Focus on well-balanced portfolio 37
Hamburg Airport 38
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
Turning Fürst Vision Wrede intobarracks, Value. Munich 40
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
Turning Mount Vision Keith intomine, Value. Australia 42
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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
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
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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Outlook 2007 2008 New orders EUR 23.51 billion At high level, though short of prior-year figure Order backlog EUR 29.89 billion At high level, though short of prior-year figure Group sales EUR 16.45 billion To surpass 2007 record level Profit before taxes EUR 501.3 million At high level of 2007 Consolidated net profit EUR 140.7 million Up on prior year 48
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