bilfinger the international engineering and services group...outsourcing solution for the...

Bilfinger

The international engineering and services group

February 11, 2014

Bilfinger corporate presentation

page 3

Bilfinger combines the qualities of its employees like no

other company: the ingenuity of the engineer with the

attitude, customer orientation and passion of the exacting

service provider.

Bilfinger

The best of two worlds

ENGINEERSERVICE

PROVIDER


page 4

We want to ensure that in

future if Bilfinger is in it, it

says Bilfinger on it.

We offer our clients a diverse

and unique range of services.

All of the companies in the

group are closely networked.

Our clients can access all

services from a single source,

tailored to their individual

needs, almost everywhere in

the world.

Bilfinger

A strong group

Did you know that all

these companies are

also part of Bilfinger?

You've heard of

HSG Zander,

Tebodin,

Steinmüller,

Babcock Borsig

and Wolfferts?


page 5

Bilfinger

At work around the world for our clients

39% Germany

42% Europe outside Germany

11% America

3% Africa

5% Asia

Output volume by region | 2013


page 6

Bilfinger

A strong partner

We aspire to be the first choice when it comes to

solving complex tasks for clients in the industrial,

energy, real-estate and infrastructure sectors.

Driven by a 'German Engineering' attitude, we master

demanding tasks – with a tailored approach that is rich

in ideas and innovative.

As a reliable partner we deliver individual and

sustainable results with competence and experience.

Bilfinger enables its clients to focus on their core

competences.


page 7

Our corporate responsibility to clients, employees, society and the environment is defined by the

following principles:

Bilfinger

Sustainable corporate principles

These principles are binding for the entire Bilfinger Group and anchored in the consciousness of employees

through appropriate management systems.

COMPLIANCE At Bilfinger, compliance is a key component of successful management and good corporate governance.

A Code of Conduct details the general principles of our behavior. Supplementary Group guidelines

contain concrete instructions on the issues of integrity, competition and dealing with business partners.

We create working conditions which maintain the health of our employees, and we make offers for passive

and active preventive health care.

HEALTH

We are convinced that a working without accidents is possible. Consistent compliance with safety

regulations by all employees, responsibility for each individual for him or herself and for the community

as well a sthe impact of role models are key components of our safety culture.

SAFETY

We ensure that negative impact on the environment as a result of our business activities is avoided as

much as possible. Acting in a sustainable manner in all our activities and decisions contributes to the

achievement of constant improvements in environmental protection.

ENVIRONMENT

We provide our clients with products and services in a timely manner which comply with contractually

agreed levels of quality and legal requirements as well as the value benchmarks of the society.

QUALITY


page 8

Industry: 38,000 engineers, technicians and fitter machinists

provide services for the design, engineering, maintenance and

modernization of industrial plants.

Energy: 10,000 plant designers, engineers, materials testers,

technical employees and fitters execute maintenance,

repair, efficiency enhancements and lifetime extension works

for power plants.

Real Estate: 22,000 building and plant technicians,

administrators, facility managers and service specialists

offer their clients a comprehensive range of services in

technical, commercial and infrastructural real-estate services.

Infrastructure: 4,000 engineers, designers, draftsmen and

specialists carry out major infrastructure projects with a focus

on tunnel and bridge construction, foundation engineering and

foundations for offshore windparks.

Bilfinger

Combining our skills for your success


page 9

Bilfinger

Combining our skills for your success

WEMAKE

ITWORK

Diverse range

of competences

74,000

Employees


page 10

Bilfinger

Your success – Our service range

ConstructionBuildingPower SystemsIndustrial

Maintenance

Infrastructure

Industrial

Fabrication and

Installation

Engineering,

Automation and

Control

Piping Systems Facility Services

Real Estate

INDUSTRIAL POWERBUILDING AND

FACILITYCONSTRUCTION

Insulation

Scaffolding and

Painting

Oil and Gas

Support Services

Water

Technologies

Reaching our goals together

Example industry | Huntsman project

Range of services

▪ Engineering

▪ Procurement

▪ Construction management

▪ Scaffolding

▪ Insulation

▪ Corrosion protection

▪ Piping systems

page 11Bilfinger corporate presentation

Corporate units

▪ Insulation, Scaffolding and Painting

▪ Industrial Fabrication and Installation

▪ Engineering, Automation and Control


Example power plants | Mannheim power plant project

Range of services

▪ Foundations

▪ Piping construction

▪ High-pressure piping systems

▪ Insulation

▪ Engineering for cooling water

intake


Corporate units

▪ Insulation, Scaffolding and

Painting

▪ Power Systems

▪ Piping Systems

▪ Water Technologies

▪ Construction


Example real estate | Office building "one“, Oberhausen

Corporate units

▪ Building

▪ Facility Services

Range of services

▪ Consulting

▪ Design

▪ Construction

▪ Operation

▪ Sustainability


Industrial

Your industry – our experience

Clients

▪ Process and manufacturing

inustry in the core markets oil &

gas

▪ Refineries and petrochemicals

▪ Chemicals and agricultural

chemicals

▪ Pharmaceutical

▪ Food and beverages

▪ Energy production

▪ Steel and aluminum

References

▪ Norsk Hydro | Norway

▪ Siegfried | Switzerland

▪ E.ON Gas Storage | UK

Services

▪ Design, engineering,

maintenance and modernization

of industrial plants over their

entire lifecycle

Areas of activity

▪ Piping systems

▪ Machine and valve service

▪ Plant assembly

▪ Machinery and apparatus

engineering

▪ Electrical instrumentation

and control technology

▪ Laboratory and analysis

technology

▪ Insulation

▪ Scaffolding

▪ Corrosion protection


Divisions

▪ Industrial Maintenance

▪ Insulation, Scaffolding and

Painting

▪ Oil and Gas

▪ Industrial Fabrication and

Installation

▪ Engineering, Automation and

Control

▪ Support Services

Industrial

Facts and figures

€ million 2012 2013 Change

Output volume 3,705 3,963 7%

Orders received 3,737 4,290 15%

Order backlog 2,733 2,967 9%

EBITA adjusted 206 232 13%

EBITA margin 5.6% 5.9%

Number of employees 37,056 37,945 2%

Key figures Output volume by region | 2013

21%

Germany

59%

Europe outside Germany

17%

America

3%

Asia


Norsk Hydro aluminum plant |

Norway

▪ Outsourcing solution for

maintenance and refractory lining

▪ Order covers five locations:

Ardal, Holmestrandt, Hayanger,

Karmoy (pictured), Sunndal

Industrial

Your task – our solution

Client Norsk Hydro

Volume €55 million p.a.

Period Since 1998


Siegfried | Switzerland

▪ Outsourcing solution for the

maintenance of production facilities

and site engineering on the basis

of pharmaceutical guidelines

▪ Continuation of the chemical

defense school as part of the

outsourcing project

Industrial



Client Siegfried

Volume €50 million p.a.

Period 2010 – 2015

Industrial


E.ON Gas Storage |

United Kingdom

▪ Delivery of two gas dehydration

units

▪ Package-unit including process

engineering and design of the unit

▪ Complete engineering,

manufacturing, installation

supervision and commissioning

Client E.ON Gas

Storage

Volume €10 million

Period 2009 – 2011


Power


Clients

▪ Energy producers

▪ Industrial companies

▪ Utilities

▪ Research facilities

Services

▪ Service and components for

power plants throughout their

entire lifecycle

Areas of activity

▪ Repair

▪ Maintenance

▪ Efficiency enhancements and

lifetime extensions for existing

power plants

▪ Manufacture and assembly

of components for power plant

construction with a focus on

boilers and high-pressure piping

systemsReferences

▪ PGE Elektrownia Belchatow |

Poland

▪ GSI Helmholtzzentrum für

Schwerionenforschung |

Germany


Divisions

▪ Power Systems

▪ Piping Systems

Power

Facts and figures


Output volume 1,319 1,265 -5%

Orders received 1,178 1,094 -7%

Order backlog 1,311 1,176 -10%





34%

Germany

32%

Europe outside Germany

18%

Africa

3%

America

13%

Asia


PGE, Belchatow power plant |

Poland

▪ Modernization of six power plant

blocks

▪ Renewal of the steam generators

▪ Design, manufacture and assembly

of the modernized firing systems,

pressure section and related

systems

Power


Client PGE Elektrownia

Belchatow


Period 2007 – 2011


Power



GSI Helmholtzzentrum für

Schwerionenforschung

Darmstadt | Germany

▪ Manufacturing and delivery of

113 supra-conducting SIS100

dipole magnet modules

▪ Construction of quadropole

modules

Client GSI Helmholtzzentrum für

Schwerionenforschung


Period 2012 – 2017

Building and Facility


Clients

▪ Public and private clients of all

types, particularly professional

real estate owners

Services

A full range of real-estate related

services:

Building services: All development,

design and construction services

throughout the lifecycle of real-estate

properties

Facility services: All technical,

commercial and infrastructural

services throughout the lifecycle of

real-estate properties

Areas of activity

Building:

▪ Development, design, consulting

▪ Logistics

▪ Turnkey construction

▪ Rehabilitation

▪ Portfolio optimization, expansion,

▪ Cold storage construction

▪ Public Private Partnership

Facility Services:

▪ Asset and property management

▪ Integrated facility management

▪ Building technology

▪ Infrastructural and health care

services

▪ Water technology

References

▪ BASF | Germany

▪ IVG Immobilien | Germany


Divisions

▪ Building

▪ Facility Services

▪ Real Estate

▪ Water Technologies


Facts and figures


Output volume 2,249 2,346 4%

Orders received 2,373 2,181 -8%

Order backlog 2,147 2,304 7%





68%

Germany

19%

Europe

outside

Germany

9%

America

3%

Asia


1%

Africa

BASF | Germany, Switzerland,

Austria and Eastern Europe

▪ Integrated technical, commercial

and infrastructural facility

management

▪ Administration and production

buildings at 47 locations in 14

countries

▪ Total floor space under manage-

ment: approximately 500,000 m²

▪ Basic services via framework

agreeement



Client BASF


Period 2010 – 2015




IVG Immobilien | Germany

▪ Bilfinger Real Estate manages 66

percent of IVG Immobilien‘s

German real estate portfolio

▪ Property management

▪ Center management

▪ Rental management

▪ For THE SQUAIRE at the Frankfurt

Airport (pictured) among other

properties

Client IVG Immobilien


Period 2010 – 2018


Construction


Clients

▪ Public and private sector clients

Services

Demanding civil engineering

services in the areas of mobility

and energy

Areas of activity

▪ Tunneling

▪ Bridge construction

▪ Roads

▪ Hydraulic engineering

▪ Prestressing technology

▪ Steel construction

▪ Foundation engineering

References

▪ Dong Energy, E.ON und Masdar |

UK

▪ Underground rail line U5 |

Germany


Divisions

▪ Construction

▪ Infrastructure

Construction

Facts and figures


Output volume 1,404 1,038 -26%

Orders received 1,099 817 -26%

Order backlog 1,224 987 -19%

EBITA adjusted 25 1 -96%

Number of employees 4,490 3,673 -18%


52%

Germany

41%

Europe

outside Germany

7%

Other

regions


Construction


London Array Windpark |

United Kingdom

▪ Construction of the foundations

for 175 wind turbines and two

transformer stations

▪ 20 – 35 kilometers from the coast

▪ Monopiles up to 60 meters in

length

Client Dong Energy,

E.ON and Masdar


Period 2009 – 2012


Construction



Underground rail line U5 |

Germany

▪ Construction of a 1.6 kilometer

twin-tube tunnel and framework

construction of two rail stations in

the center of Berlin

▪ Connection from Alexanderplatz to

the Brandenburg Gate with a link to

the main station

Client Berlin's Transit Authority


(design and construction)

Period 2012 – 2018 (72 months)

Key figures for the Group

Bilfinger corporate presentation page 35

€ million 2012 2013

Output volume 8,586 8,509

Orders received 8,304 8,296

Order backlog 7,388 7,411

EBITA adjusted1,2 387 409

EBITA margin adjusted1,2 4.5% 4.8%

EBITA 432 338

Adjusted net profit from

continuing operations3 241 249

Net profit4 276 173

Number of Employees 66,830 74,386

1) Adjusted in 2013 for one-time expenses in connection with the efficiency enhancement program Bilfinger Excellence and burdens from the sale of

the German road construction activities as well as for earnings contributions from the sale of shares in the Nigerian business

2) Adjusted in 2012 for earnings contributions from the sale of shares in the Nigerian business (full-year 2012: €45 million before taxes and €37 million after taxes; Q4 2012: €0 million before and after taxes)

3) Adjusted for the exceptional items referred to under 1) and 2) and for the amortization of intangible assets from acquisitions (full-year 2013:

€35 million (previous year: €35 million) after taxes; Q4 2013: €9 million (previous year: €11 million) after taxes)

4) Includes continuing and discontinued operations

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