Hochtief Aktiengesellschaft · XETR:HOT
Hochtief Aktiengesellschaft — Non-Deal Roadshow (August 2004)
23 slides from Hochtief Aktiengesellschaft's roadshow presentation, August 2004
Slide 1: Roadshow London
iy ’ i Perit ere ieee nb 4 c re re E tor EEE —_ Lr Roadshow London SSUR Sera seas a
Slide 2: $% & !' %( ) % & * % , & , , %
$% & !' %( ) % & * 2 % , & , , % ) &2 # , 01 * 3 %% , (, ) & %% ., / %* / %) & , , % , , * * ) % % ,% *% $ & , , 3 & ) ) 2 - , &, , % ., , * * * , ' % $, &) % , , ' * + *% $ 04 *% 0% ., , , , ) / ) / * ! 0 5
Slide 3: 2% / , * 2* * ) % & * , # , *
2% / , * 2* * 0 ) % & * , # , * $% * 2 % & /, #1
Slide 4: ! % & % & * , * % % & $% , :
! 6 % & % & * , * % % & $% , : ; & !" # !" # 5 5 +5 < = 5- 57 5 8 5 9 + < = 5- 5 55 8 5 5 5 >5 < = 5 >5:* = 8 7 - 8 7 75 77 7: 7? :9 : 3 % 0 / 9 5 9 5 * ) 30 0 !" # !" # 5 8? ?: 9 + < = 5- : 9? 8 +55< = 5- 8 7 +7< = 5 - 5: , - : 5 55 : 55 : 59 5 : 5 9 5 9 5 3 ,, & , & $% ! % , , 9
Slide 5: ! / %* & & , / &&, ' * / %* * $%
! / %* & & , / 2 &&, ' * / %* * 2 $% % & * 2 # , 0* * ' @ 5 () ' * 0 ( $% & #1 /, % & ,A & & #1 B % , @ $% * % ., + , - .$/ ', 0 1. "/2$/3 4 /25%3 # "6 ) 7#
Slide 6: ! , /, * , , * ) * % ) ,2 "',0 #
! , 3 /, * , 1 2 , * 2 ) * % ) ,2 "',0 # ! 4 8 C3 4 , % & % 4 7 77 7 :? * , 2 / ) * $% /, 18% & , 9 "',0 11% 4 : ./3 # 5 5 9 5 C3 - C 4 , 4 ?? 55 5 5) 2 / "; $ #< = % & ) 0 , %% )0 ! 0 , :
Slide 7: DDD+ ) 0 3E , - 1A@11
! , 3 /, ,&, * % & & 2% / > ,&, %% DDD+ ) 0 3E 2. @ , * " ,- # ) ,2 " ,- # 5 5 59 57 58 5 8 ? 5 5 8 55 7 8 - 9 9- - : 5- - 9 9- / 2 "? ? %.4 @ =# , - 11%@88 4 > > , - $%@1/ 4 ) , - 1A@11 7
Slide 8: B C > D + > CE'(4 C
! , 3 /, ,&, 9 ., " 3% , 3 3 * 9 > > - 9 ) ( 0 1 B C > D + > CE'(4 C * = , 0
Slide 9: ! , /, % D ! "',0 # "* % / % & *
! , 3 /, % D ! "',0 # "* % / % & * , A 0 ) ,2 5 79 & ) 0 %% , & 5 5 ? # $%%5 83 F $%%.' 113 9 , & F% , , * % G ? ! % : 5 5 9 5 ! ! 2 B 3D ! 0 5??5 5??7 5??? 5?? 5??: : ! 2 ! B 3D % ,, & 0 & &&, 0 3 ) 0 8
Slide 10: ' % "',0 # @ 9:9 % / / " (@!# H -3 :
' % 2 "',0 # 9 @ 5 9:9 % / 0 6 / " (@!# H 2 -3 55 : 9-5 :9 < , ) ,2 57 7: , D! 57 < , 1# @ , * 57 * ) 1# 1# G E(0 5 ' C %.' 1%3 & $%%.' ?
Slide 11: , %% II ,, ,, ,, )) $% $% && // ,, ,, ,,
3 , %% II 22 ,, 22 22 ,, ,, )) $% $% && // ,, ,, ,, )) DD ,, 00 %% 5
Slide 12: # , / / ' % 5- *% , 2% / * ' %)
# , / / ' % 5- *% , 2% / * ' %) % 4 ! 4 2 < %/ / %* 4 * , >1 & >1 , &,4> 1 ! 2 9 * ;$ 55
Slide 13: ' % "',0 # @ C 8* C ?55* ? :?7 5?? : !
' % "',0 # @ 4 5 94 C 7 7 8* 5 4 C 7 ?55* 5 ? :?7 5?? 5 : ! 5 8: ! 5 855 , &, , &, * , * , ! 99 ! 9 98 ) ,2 4 5 94 C 5: ? * 5 4 C 5 * 55 7 8 ? 9 ! ! , &, : 78 , &, 85 * , * , ! ! : 8? 7 5 5
Slide 14: :1H3F B I J
& 0 & @ - 2 - ) ,2 4 9 :83@:1%3@ :1H3F ! " "" B I ) 2 # $ !% &" '( &" 3 4 ', 0 18/ * " 2', 0 115 (@! #F ) % " " C ', 0 " ', 0 $/A *+,- & & . /%% & ( (@! # / $ 0 12 & D "! 4 & J F . /%% " *, / &" ;1 ;$ + 12 & * " , - 1.A @', 0 KK # >C $%%5 / 01 1 2 & . /%% ( > C' ', 0 1 "> 1 %5 ', 0 1A28 # 3/ /14 % 5
Slide 15: & & && , , , 9& % J& K 9% . /%% (9
& 0 & && , , , 9& % J& K 9% 4 . /%% (9 : & /%% 00 1 . /%% . 1 . 1 / 0 .: 1/9/1/ : &&:( :( ( ' && , 4 1/ 0 . 1/ /. 1/ /1 1 ": : :' ':& ',0 $2H & .: / :( :" :" & A 0 ; /%% 1/< 1/ : : & : & : , * % +1 1 /1 9 . 4 1 9/ (: ":" ":" ',0 12. & *+,- & :' (: &&': * 2 ! *, (: &(: : ( 1/ :' &(: :( & & ',0 1% & ,
Slide 16: 1# ' EC 0 / . 1 B / /1/ > /%% 00 1
% = &: 0 1$ 1 $ 9 .% >. 9/ ! &: 4 ?. / / % 00 00 1 9 % @ A % 0> 21 % % &: ( / $ 1* %/ /. 1 1/ . 1/ /. 1/ (: = / % 0/ / 1 *+,- &:& &":( 0 /. 1 B / /1/ > . /%% :" /%% 00 1/ (C :( & *, ":( ' . /%% : ! "##$ *, / :: :: =7 /1/9 1 0D &E ( 2. 1 1 1/ / D E (> 6-7 8 &: " %.F $ ! 9 *, 6 0% % 9 %/ " 1#' EC & %.
Slide 17: 1:C ; $F ; $F
/ %* =% & # (( 1 0/ 11/ &'' &'' %/ 1/ )/ ; $F 3 1: ! "' & =' " 0/ 11/ %/ 1/ 00 1 0 # $ !% " )/ ; $F 3 1:C 21 % % ( & = 1 . 9/ 4 ? . / >. /1/9 *+,- & 1/$ 1/ 0D , ; $F 3 1: ./1 . /%% & /1 1/ 1> /%% 00 1/ (C / $ 0 12 && (" : 1# . /%% & *, / (:" "& =( )* + / %4 *# , . G 1/ 6 /% ', 0 1% # . G 1 9 %. 1/ 6
Slide 18: ( / )@ C (: $ / )@C : $ 4 / . 1C
, 3 /, * , =% & # $ 9 9 / 1 ! >, ( ( / )@ C(: $ > $ !% ! , / )@C : $ &" # $ !% " ' ' =' " , )@ % ' $ 9 . 9/ 4 ? % 9 %> 4 / . 1C 21 % % ( & " *+,- ( = / . 1 0 1 $% 4 / D& . /%% > % 4 0. G 1 > 1/9 / . 1 / $ 0 12 &" K/1 %% % JE8 00 1>$ 1 0% . /%% 21 / 0% / 1/ $ / > *, / : /%%E1 ! 00 1/ (C :' & 6-7 8 &"
Slide 19: E /%% 00 1 / (C / L / 1
, 3 /, ,&, = % & # %/ 1%4 $ % $ 1 1/%% & " / %9 % ! & ( = ' " 1 1 . 1/ %/ # $ !% "( ' 4/ . 1 && 21 % % &( & & = / /0/ 1%4 / . 1 $4 - @ &( E *+,- (" / ! . 9/ / >$ 1 1 %4/ . /%% $ / > /%% 00 1/ (C : & / $ 0 12 ( ( . /%% = ( )* + 1! / / L / 1 *, / ":' "( . / 1 >0 1 ./1 %0 *# , . / 6-7 8 & ! "##$ 6 0% &
Slide 20: F D !4 F
, 3 /, % 0 / 4 @ 4 & " ' F & ! & &' 22 & 4 4 # $ !% '( 3 4 21 % % ' " *+,- & & D !4 . /%% & F & %. :', 0 %2H 1# / $ 0 12 && &"" . /%% && 24 *, / &:& & ( ' C & F 6-7 8 & = & ( 6 0% &" 1# & ' EC 5?
Slide 21: /H 1AK :HA
# ? ? "',0 # $%%5 3 =( , -"#& / 1/$ 1/ 0D , & 598 151 :/ . @ /H 1AK = . 0% 1 1 5 /$ :HA / /1 /9 $% . 1/ % %4 1D , . D, - / 7 /0/ # & 8 51 8%% =/ . 55 5. :AK M . . 1 4 .% 1 B /. 1C & @ , , , A / :5 88 5. M 0/ /% 1C &&& , A / &% 5 555 8A. :./ M / /1/ %/ %/B / / 9 1 1C & M . 0 /. %C =0 ( , -"#& 1 / /9
Slide 22: ) , ) 2" 3! . 3! . =, %$ % % / C
) , ) 1 2" 3! 4 . 3! 4 . =, 1 %$ % 19 % / C ) % N J/2 - 1 B /14 (= :', 0 K5 / /14 / 1 1 " 4 * # +9 1 / =) % ? B /14C & & 7 9/ / /9 $% <$%%. "', 0 58 # 1 1 1 ( M /9/ 1 D, / /14 - 1 . . / & & 1 $ ! % & 2. M / # 6+ L/ $/%/1/ O 0 / &" 1 3 ! 1 $% 0 ' ' /1/ & / +-) ' = $ / / 3 4 @ 0:1 2 @ 0:1 2 ( ( & & 1
Slide 23: ?@ / M9 & , # ) : * #N : #N " /
# , , " , , ?@ / M9 & , 57 # ) : * 0 #N 91 : #N 0 6 " / 6 & , 5 1 0 : M5 : & , 58 1 0 : ' 3 61 58 : M : 0 6 " / 6 & , 57 @ / : M9 : & , !" # 2 , & " / % % I :5 8 ' * 0 4 + ?JK 58 5 # $4 + ?JK 58 : / L , &
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