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Welcome to the General Welcome to the General Shareholders’ Meeting 2009g
1
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Yankee Stadium, New York Area C Mine, Western Australia A4 expressway, Thuringia
2Turning Vision into Value.Kranhaus, Cologne Lipowy Office Park, Warsaw Saint Gobain, Stolberg
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Dividends
• Further dividend rise to EUR 1.40 per no-par-value share 1 40
1,501.50
• Nearly eight percent increase on prior year
1.301.40
0,90
1,20
R 0.90
1.20
• Payout ratio over 55 percent of consolidated net profit 0,60
0,90
EU
R 0.90
0.60
0,300.30
0,00
2007 2008
0.00
3Turning Vision into Value.
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St. Anthony Falls Bridge, Minneapolis Europaviertel, Frankfurt am Main
4Turning Vision into Value.BUD Skycourt, Budapest Airport Benneke-Kaliko, Eislingen
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Onward Development of our Business
• Organic growth
• Focus on regions and markets with high growth potential• Focus on regions and markets with high growth potential
– Public-private partnership business in North America
E i f d t • Expansion of product range
– Energy efficiency services
5Turning Vision into Value.
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Life Cycle Management
• Extensive range of construction-related services
• HOCHTIEF spans the entire infrastructure project real estate and • HOCHTIEF spans the entire infrastructure project, real estate and facility value chain
• Tailored one stop solutions• Tailored one-stop solutions
• Strategy coming into its own in the crisis
I t ti l b i b t f fl t ti– International business base compensates for fluctuations
– Services and concessions business with long-term contracts
• HOCHTIEF is the most international construction services provider
6Turning Vision into Value.
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Key Figures for 2008
7Turning Vision into Value.
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Orders and Work DoneEUR billionEUR billion
New orders Work done Order backlog
35
23 51 25.28
29.89 30.92
25
30
35
23.51
18.7721.64
20
25
10
15
0
5
8Turning Vision into Value.
2007 2008 2007 2008 2007 2008
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SalesEUR billionEUR billion
19.1020
16.4515
10
5
0
2007 2008
9Turning Vision into Value.
2007 2008
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ProfitEUR millionEUR million
Profit before taxes Profit after taxes
520 1600
501.3 520.1
400
500
341.0 342.2
300
400
100
200
0
100
2007 2008 2007 2008
10Turning Vision into Value.
2007 2008 2007 2008
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Consolidated Net ProfitEUR millionEUR million
175.10
180
140.7120
150
90
30
60
0
2007 2008
11Turning Vision into Value.
2007 2008
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Thank You to our Workforce
12Turning Vision into Value.
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Thank You to our Workforce
13Turning Vision into Value.
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HOCHTIEF GroupStock price performance
110% HOCHTIEF
Stock price performanceJan. 2, 2008 May 6, 2009
90%
100%
HOCHTIEF
Dax
70%
80% MDax
50%
60%
30%
40%
14Turning Vision into Value.
20%
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Ownership Structure
• Stock buy-back program: Total of 4.95 percent of company stock
Ownership structure today
repurchased via stock market
• 64.9 percent free float at 2008
29.98%
year-end
• ACS stake increased to 29.98 percent at start of 2009 4.9996%
65.0204%2)
ACS Treasury stock Free float
1) ACS: Actividades de Construcción y Servicios S.A., Madrid, Spain2) Including a partial stake of 4 9999% (corresponding to 3 499 950
1)
15Turning Vision into Value.
2) Including a partial stake of 4.9999% (corresponding to 3,499,950 voting rights) held by HOCHTIEF Pension Trust e.V.
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HOCHTIEF Americas
16Turning Vision into Value.Experimental Media Performing Arts Center, Troy, New York
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HOCHTIEF Americas
Turner
• Splendid new achievements in 2008 especially in:• Splendid new achievements in 2008, especially in:
– Education and healthcare property
Green building– Green building
• Good start to fiscal 2009
Flatiron
• Very healthy 2008y y
• First quarter 2009: Largest contract ever secured by Flatiron
– Port Mann Bridge, Vancouver, Canada
17Turning Vision into Value.
Port Mann Bridge, Vancouver, Canada
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HOCHTIEF Americas
18Turning Vision into Value.Highway 17 Bypass, Washington, North Carolina
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HOCHTIEF Americas
• Huge potential in US infrastructure construction due to planned economic stimulus spending
• Well positioned across the board as No. 1 general builder and one of top ten companies in infrastructure
• Turner and Flatiron: End-to-end solutions in teamwork
– New terminal for Sacramento International AirportNew terminal for Sacramento International Airport
19Turning Vision into Value.
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HOCHTIEF AmericasFlatironFlatiron
20Turning Vision into Value.Terminal B, Sacramento International Airport
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HOCHTIEF Asia Pacific
bildseite
21Turning Vision into Value.Southern Cross Station, Melbourne
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HOCHTIEF Asia Pacific
• 2008 another successful year
• Major projects in all segments• Major projects in all segments
• Successful activities in Gulf states
• General stock market turmoil reflected in division—operating business of investments still robust despite writedown as of December 31 2008December 31, 2008
22Turning Vision into Value.
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HOCHTIEF Concessions
23Turning Vision into Value.Metropolitan Expo exhibition and conference center, Athens International Airport © Athens Metropolitan Expo
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HOCHTIEF Concessions
HOCHTIEF AirPort
• Total traffic boosted to 90 million passengers• Total traffic boosted to 90 million passengers
• Profitable non-aviation business expanded
HOCHTIEF PPP Solutions
• Elefsina-Patras-Tsakona toll road project secured in Greecep j
• Awarded German federal government’s first PPP building project
24Turning Vision into Value.
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HOCHTIEF Concessions
25Turning Vision into Value.Fürst Wrede barracks, Munich
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HOCHTIEF Concessions
• Entry into PPP market in North America
– Potential synergies from linking public-private partnership Potential synergies from linking public private partnership expertise with Turner’s and Flatiron’s services
• New areas of businessNew areas of business
– Successful start to geothermal energy business
– Transfer of this successful model to other segmentsTransfer of this successful model to other segments
– Broadening presence in offshore wind farm business
26Turning Vision into Value.
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HOCHTIEF Concessions
27Turning Vision into Value.Geothermal drilling site, Kirchstockach
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28Turning Vision into Value.Moers town hall
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HOCHTIEF Europe
29Turning Vision into Value.Kranhaus, Cologne
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HOCHTIEF Europe
• 2008 shaped by international successes
• Very strong performance in civil engineering and infrastructure • Very strong performance in civil engineering and infrastructure construction
• Planned decline in German construction business more than • Planned decline in German construction business more than compensated by large-scale international infrastructure projects
• Successful strategic repositioning internationally• Successful strategic repositioning internationally
30Turning Vision into Value.
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HOCHTIEF EuropeBarwaBarwabildseite
31Turning Vision into Value.Barwa Commercial Avenue, Doha, Qatar
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HOCHTIEF Real Estate
32Turning Vision into Value.Unilever House, Hamburg
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HOCHTIEF Real Estate
HOCHTIEF Projektentwicklung
• 30 projects worth a total of EUR 1 28 billion in construction phase at • 30 projects worth a total of EUR 1.28 billion in construction phase at 2008 year-end
• 87 percent already leased out and 49 percent already sold to 87 percent already leased out and 49 percent already sold to investors prior to completion
aurelisaurelis
• Successful in selling a number of sites
HOCHTIEF Property Management
• To manage entire German portfolio of aurelis
33Turning Vision into Value.
• Largest provider of property management services in Germany
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HOCHTIEF Real Estate
34Turning Vision into Value.Property management for Deutsche Bahn office building, Karlsruhe
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HOCHTIEF Services
35Turning Vision into Value.Saint Gobain, Aachen
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HOCHTIEF Services
HOCHTIEF Facility Management
• Siemens contract extended: HOCHTIEF Facility Management to • Siemens contract extended: HOCHTIEF Facility Management to operate 60 sites for another six years
• New contract to operate 52 Hesse State properties• New contract to operate 52 Hesse State properties
HOCHTIEF Energy Management
• A leading provider of energy contracting services
• Cutting-edge methods for procuring and saving energyg g p g g gy
36Turning Vision into Value.
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HOCHTIEF Services
bildseite
37Turning Vision into Value.DEVK, Cologne
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Sustainability
38Turning Vision into Value.WestendDuo, Frankfurt am Main
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Sustainability
• Common denominator throughout the Group
• Able to make a particularly large contribution to reducing energy • Able to make a particularly large contribution to reducing energy consumption
– Construction and real estate sector responsible for at least 40 Construction and real estate sector responsible for at least 40 percent of all primary resource consumption
• Financial advantage of green buildingsFinancial advantage of green buildings
– Sell at up to 16 percent premium on conventional counterparts in USA
– German green building market at upwards of EUR 20 billion and rising
39Turning Vision into Value.
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Nachhaltigkeit
40Turning Vision into Value.DB AG Bürogebäude, KarlsruheOne Haworth Center, Holland, Michigan
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Sustainability
Accomplishments in 2008
• Major hand in developing green building certification in Germany• Major hand in developing green building certification in Germany
• Gold preliminary certificate for “smarthouse” project in Munich
• Now 900 LEED Accredited Professionals at Turner
• HOCHTIEF listed in Dow Jones Sustainability Indexes for third time
41Turning Vision into Value.
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Nachhaltigkeit
42Turning Vision into Value.smarthouse, Munich
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Strategic Initiatives
• HOCHTIEF expanding in rapidly growing regions
• HOCHTIEF expanding its services business• HOCHTIEF expanding its services business
• HOCHTIEF adding to its range of capabilities
• HOCHTIEF systematically exploiting synergies across the Group
• HOCHTIEF positioning itself as an attractive employer
43Turning Vision into Value.
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Outlook
• New orders, order backlog and sales:Steadying at normal levels, below 2008 figures
• Profit before taxes and consolidated net profit:Similarly high levels to 2008
44Turning Vision into Value.
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45