NCC AB 2010-05-27 1

Capital Market Day May 27, 2010

Olle EhrlénPresident and CEO

• Sales of SEK 56* billion in 2009• 18,000 employees• Domestic markets in the Nordic

region, Germany, the Baltic countries and St. Petersburg

• Thousands of projects, both large and small

2

Creating future environments for working, living and communication

2NCC AB 2010-05-27

*Values recalculated according to IFRIC 15

3

Fragmented construction marketin the Nordic region Market share in terms of sales in 2009

Source: Euroconstruct

Others, 72%

Skanska, 6%NCC, 6%

Peab, 4%YIT, 4%

Veidekke, 2%Lemminkäinen, 2%

JM, 1%MT Højgaard, 2%

AF Gruppen, 1%

Nordic construction

marketSEK 883 billion

3NCC AB 2010-05-27

NCC AB 2010-05-27 4

NCC’s operations

NCCConstruction

Denmark

NCCConstruction

Finland

NCCConstruction

Norway

NCCHousing

NCCConstruction

Sweden

NCCProperty

Development

NCCRoads

Business areas

Construction and civil engineering Housing development

Development of commercial

properties

Aggregate, asphalt,

paving and road service

Operating sectors

Sales share*:

6% 10% 7% 17% 18% 5%37%

*Values recalculated according to IFRIC 15

NCC AB 2010-05-27 55

Markets

Housing unitsBuildingsCivil engineeringProperty developmentAggregate, asphalt, paving and road service

2QReview

0091

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0100200300400500600700800900

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

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NCC – current status Q1 2009

7

Net indebtedness

Unsold housing units

20092008200720062005

Orders received

0

10

20

30

40

50

60

70

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

SEK billion

2004 2005

Orders received Order backlogOrders receivedrolling 12 months

2006 2007 2008

2007SEK M 2008 2009

2004

2009

3 536 housing units

Share unsold

Share sold

Housing units in production

2006

-9 000

-8 000

-7 000

-6 000

-5 000

-4 000

-3 000

-2 000

-1 000

0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

31 mar 2009

47%

53%

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Today, the situation is different

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Balanced riskRisk profile of ongoing projects

2008 2009 2010

SoldUnsold

Worked-up

Number

0

500

1 000

1 500

2 000

2 500

3 000

3 500

4 000

4 500

Dec Mar Jun Sep Dec Mar

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Healthy cash flow and low net indebtedness

0.0

0.2

0.4

0.6

0.8

1.0

1.2

1.4

1.6

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

31 dec 31 mar 30 jun 30 sep 31 dec 31 mar 30 jun 30 sep 31 dec 31 mar2007

Debt/equity ratio, multipleNet indebtedness, SEK M

2008 2009* 2010

*Values for 2009 recalculated according to IFRIC 15

NCC AB 2010-05-27 1111

Orders received and order backlog

0

10

20

30

40

50

60

70

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

SEK billion Orders receivedOrder backlog

Orders receivedrolling 12 months

2005 2006 2007 2008 2009* 2010

Salesrolling 12 months

*Values for 2009 recalculated according to IFRIC 15

Increase in number of housing starts

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0

200

400

600

800

1 000

1 200

1 400

1 600

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

Incl. housing sold to investorsNumber Housing units sold

Housing starts

2005 2006 2007 2008 2009 2010

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Construction market in the Nordic region 2010

Housing units

Buildings

Civil engineering

Total

Management focus 2010

• Maintain high margins– Costs– Attractive offerings

• Profitability before volume• Strong financial position facilitates

project starts

NCC AB 2010-05- 14

t grtS a ye

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NCC’s operating sectors

Production AftermarketDevelopment

Commercial properties

Housing units

Construction and civil engineering

Paving and road service

Aggregate, asphalt, paving

Aggregate, asphalt

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Triangeln in MalmöExemple of co-operation

NCC is to develop a mall, offices, housing units in central Malmö

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Long-term strategy

Customers Expenses

Expertise

Sustainable development

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ClientsNCC Partnering Function contracts

Sustainable development Green tenders

ExpensesPurchasing Platforms

Project engineering Virtual construction

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21

ExpertiseBusiness focus NCC Infra

Sales focus

NCC AB 2010-05-27

Best company to work for

“I am proud to work for NCC”

NCC and sustainable development

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Sustainable development

Environmental• Create healthy developed

environments• Reduce climate impact• Reduce use of hazardous

substances • Contribute to recycling

Financial• Sustainable profits

Abyen, Vejle, Denmark Abyen, Vejle, Danmark

Social• Work environment• Responsibility

NCC AB 2010-05-27

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WHAT WE DO IS WHAT COUNTS

UTVECKLING AV KOMMERSIELLA FASTIGHETER

BYGG OCH ANLÄGGNING

BOENDE-UTVECKLING

KROSS, ASFALT, BELÄGGNING OCH VÄGSERVICE

NCC PROPERTY DEVELOPMENT

NCC CONSTRUCTION

NCC HOUSINGNCC ROADS

Verksamhetsområden

60% 17% 18% 5%

Business areas

NCC AB 2010-05-27 25

NCC CONSTRUCTION

NCC PROPERTY DEVELOPMENT

NCC HOUSINGNCC ROADS

Business areas

NCC Construction Sweden

NCC Construction Denmark

NCC Construction Finland

NCC Construction Norway

NCC AB 2010-05-27 26

2727

MarketsConstruction and civil engineering

HousingBuildingsCivil engineering

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Product mix Worked-up sales construction and civil engineering, 2009

Civil engineering,35%

Buildings47%

Housing units18%

NCC AB 2010-05-27 29

Product mix Construction and civil engineering incl. NCC Roads, 2009

Civil engineering50%

Housing units14%

Buildings36%

30NCC AB 2010-05-27