Welcome to the General Welcome to the General Shareholders’ Meeting 2009g

1

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

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.

St. Anthony Falls Bridge, Minneapolis Europaviertel, Frankfurt am Main

4Turning Vision into Value.BUD Skycourt, Budapest Airport Benneke-Kaliko, Eislingen

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.

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

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Key Figures for 2008

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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

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2007 2008 2007 2008 2007 2008

SalesEUR billionEUR billion

19.1020

16.4515

10

5

0

2007 2008

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2007 2008

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

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2007 2008 2007 2008

Consolidated Net ProfitEUR millionEUR million

175.10

180

140.7120

150

90

30

60

0

2007 2008

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2007 2008

Thank You to our Workforce

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Thank You to our Workforce

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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%

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20%

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)

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2) Including a partial stake of 4.9999% (corresponding to 3,499,950 voting rights) held by HOCHTIEF Pension Trust e.V.

HOCHTIEF Americas

16Turning Vision into Value.Experimental Media Performing Arts Center, Troy, New York

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

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Port Mann Bridge, Vancouver, Canada

HOCHTIEF Americas

18Turning Vision into Value.Highway 17 Bypass, Washington, North Carolina

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.

HOCHTIEF AmericasFlatironFlatiron

20Turning Vision into Value.Terminal B, Sacramento International Airport

HOCHTIEF Asia Pacific

bildseite

21Turning Vision into Value.Southern Cross Station, Melbourne

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

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HOCHTIEF Concessions

23Turning Vision into Value.Metropolitan Expo exhibition and conference center, Athens International Airport © Athens Metropolitan Expo

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.

HOCHTIEF Concessions

25Turning Vision into Value.Fürst Wrede barracks, Munich

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.

HOCHTIEF Concessions

27Turning Vision into Value.Geothermal drilling site, Kirchstockach

28Turning Vision into Value.Moers town hall

HOCHTIEF Europe

29Turning Vision into Value.Kranhaus, Cologne

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.

HOCHTIEF EuropeBarwaBarwabildseite

31Turning Vision into Value.Barwa Commercial Avenue, Doha, Qatar

HOCHTIEF Real Estate

32Turning Vision into Value.Unilever House, Hamburg

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

HOCHTIEF Real Estate

34Turning Vision into Value.Property management for Deutsche Bahn office building, Karlsruhe

HOCHTIEF Services

35Turning Vision into Value.Saint Gobain, Aachen

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

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HOCHTIEF Services

bildseite

37Turning Vision into Value.DEVK, Cologne

Sustainability

38Turning Vision into Value.WestendDuo, Frankfurt am Main

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

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Nachhaltigkeit

40Turning Vision into Value.DB AG Bürogebäude, KarlsruheOne Haworth Center, Holland, Michigan

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

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Nachhaltigkeit

42Turning Vision into Value.smarthouse, Munich

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

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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

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