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106 Annual Report 2009 <strong>ONE</strong><strong>ROOF</strong> ALL SOLUTIONS Educational and cultural center, Frankfurt am Main Internal and external partnership project: As part of a public-private partnership project, HOCHTIEF PPP Solutions built an educational and cultural center (BiKuZ) for the City of Frankfurt. HOCHTIEF Construction was responsible for the building work. Since the property was handed over in 2009, HOCHTIEF Facility Management has operated the facility, which combines a library, an adult education center, a high school and club rooms under one roof. Operation entails both commercial and technical building management. Our experts are also in charge of administration, maintenance, repairs, energy management and infrastructure services.
HOCHTIEF Services Division • Existing business stable despite financial crisis • Successful integration of new employees into HOCHTIEF Facility Management* • CO2 emissions and energy costs reduced • International growth in new markets In the HOCHTIEF Services division, our companies HOCHTIEF Facility Management and HOCHTIEF Energy Management felt the effects of the economic crisis during the fiscal year: Business was shaped by shorttime working at industrial clients, reduced additional business and general restraint in investment decisions for energy contracting solutions. However, our companies are now once again seeing a rise in demand for outsourcing solutions and energy contracting. This is because many clients are realigning their strategies in response to the global economic crisis and are reviewing the scope of their own services. HOCHTIEF Facility Management HOCHTIEF Facility Management continued with its successful strategy of taking over outsourcing projects from clients. The company primarily focused on highquality projects and the integration of sophisticated services into its own portfolio. Several examples reflect the successful strategy: With the contract to maintain facilities at four more Siemens sites, for example, 45 employees were taken on from Siemens Industry Solutions. Our building services providers have been responsible for technical operation at more than 60 Siemens sites since 2004. Additionally, HOCHTIEF Facility Management integrated two of Honeywell Building Solutions’ business operations in Germany, with 55 specialist staff moving to HOCHTIEF. Project highlights Industry For the next four years, HOCHTIEF Facility Management Swiss will be responsible for operating Baxter Healthcare’s head office in Zurich. We will take charge of space management, conference and event service, as well as responsibility for building security, among other things. This new order expands the services we provide for the client: HOCHTIEF Facility Management already works for Baxter at its German site in Höchstadt. ❘ Information for our Shareholders ❘ ❘ Management Report ❘ ❘ Financial Statements and Notes ❘ Sports and event facilities HOCHTIEF Facility Management will service and maintain the technical systems in the conference, hotel and wellness areas of the newly built Lufthansa Training & Conference Center in Seeheim, Hesse, for two years. In addition, we also provide support at the numerous events held at the center. The exclusive property, with its 483 rooms and over 80 seminar and event rooms, serves as a training center for Lufthansa employees from all over the world and is one of the largest conference hotels in Germany. The company is already responsible for operating the Lufthansa Aviation Center, the airline’s headquarters, the Flight Training Center and the Lufthansa bases in Frankfurt, Hamburg and Munich. In 2009, HOCHTIEF Facility Management added the Volksbank Arena in Hamburg to its portfolio of sports facilities. In addition, the service contract with Color Line Arena, also in Hamburg, was extended. We are in charge of operating each facility for five years. With both projects, we ensure optimum operation of all building systems and amenities, guaranteeing an outstanding visitor experience. Public buildings In 2009, HOCHTIEF Facility Management received an order from Hessisches Immobilienmanagement to take over the technical and infrastructure management of 52 public-sector buildings for the next three years. The properties include court buildings, police stations and internal revenue offices at several locations. The company will service and maintain the technical equipment in the buildings. In Munich, HOCHTIEF Facility Management is operating the Zentraler Omnibusbahnhof (ZOB) central bus station for two years. The project was built by HOCHTIEF Projektentwicklung. We won the contract for operation services in an open bidding process. HOCHTIEF Facility Management had already advised the project’s developers during the design phase: This meant that the incidental costs of subsequent operation were already optimized during the construction phase—a key factor for the negotiation of rental agreements. HOCHTIEF’s facility managers see to it that ZOB’s systems stay *Further information is available on the Internet at www.hochtieffacilitymanagement.com. Annual Report 2009 107
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HOCHTIEF Annual Report 2009 ONEROOF
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Our Company at a Glance in 2009 HOC
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Turning Vision into Value HOCHTIEF
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❘ Information for our Shareholder
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us: For instance, Leighton was awar
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A major topic relating to the HOCHT
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esolutions regarding the Executive
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Executive Board Dr.-Ing. Herbert L
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One focus of corporate governance a
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Executive Board compensation also i
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Supervisory Board compensation tion
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Indexed performance of HOCHTIEF sto
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Regional distribution (as of Decemb
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with the goal of improving an airpo
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HOCHTIEF Concessions Division: Conc
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❘ Information for our Shareholder
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Our global presence HOCHTIEF worldw
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*For further information, please se
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The economic crisis will continue t
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and communications. The weak infras
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This sustained growth will be affec
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Internationally, new orders fell by
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Strategy • Successful corporate s
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we bring together our experts for t
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Our cross-divisional competence cen
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stones of this consulting service i
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meters of concrete and 142,000 squa
Page 55 and 56: Employees • Staff development too
Page 57 and 58: market in the USA. Turner currently
Page 59 and 60: In our global procurement network,
Page 61 and 62: HOCHTIEF Group performance The HOCH
Page 63 and 64: Value Added • Net value added con
Page 65 and 66: Financial Review • Strong year-on
Page 67 and 68: The EUR 15 million negative amount
Page 69 and 70: to the emerging challenges of the f
Page 71 and 72: Further loans are in place on a loc
Page 73 and 74: y Leighton. Other non-current liabi
Page 75 and 76: HOCHTIEF Aktiengesellschaft Stateme
Page 77 and 78: als. Section 23 (1) of the Articles
Page 79 and 80: of parties acting in concert, acqui
Page 81 and 82: provided on appointment and replace
Page 83 and 84: Segment Reporting Synergies boost s
Page 85 and 86: delphia. The project is worth appro
Page 87 and 88: jet parking areas. The project will
Page 89 and 90: Project highlights in Australia Ser
Page 91 and 92: The new contract is worth approxima
Page 93 and 94: Budapest Airport HOCHTIEF AirPort s
Page 95 and 96: The Elefsina-Patras-Tsakona toll ro
Page 97 and 98: HOCHTIEF Europe Division • Return
Page 99 and 100: essary work in the North Sea. With
Page 101 and 102: HOCHTIEF Real Estate Division • S
Page 103 and 104: Together with the Senator Group, th
Page 105: unified and optimized. The associat
Page 109 and 110: 2009. HOCHTIEF Energy Management wi
Page 111 and 112: Risk Report • Group-wide early wa
Page 113 and 114: Execution Ausführungsaudit Audit E
Page 115 and 116: Fiscal year 2010 will be shored up
Page 117 and 118: HOCHTIEF works with first-rate cert
Page 119 and 120: ❘ Information for our Shareholder
Page 121 and 122: Investing in sustained growth Our c
Page 123 and 124: which was established in 2008, is a
Page 127 and 128: Consolidated Statement of Earnings
Page 129 and 130: Consolidated Balance Sheet (EUR tho
Page 133 and 134: [Independent] Auditors’ Report We
Page 135 and 136: As in the prior year, the Consolida
Page 137 and 138: Property, plant and equipment is st
Page 139 and 140: The POC method is used primarily in
Page 141 and 142: value initially recognized in equit
Page 143 and 144: The remaining new or amended standa
Page 145 and 146: IFRIC 17 Distributions of Non-cash
Page 147 and 148: 6. Other operating expenses (EUR th
Page 149 and 150: 9. Income taxes 2009 2008 (EUR thou
Page 151 and 152: Impairment losses of EUR 64,000 (20
Page 153 and 154: Impairment losses of EUR 58,000 (20
Page 155 and 156: Associates The following tables sho
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17. Other receivables and other ass
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The figure of EUR 1,422,095,000 (20
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As of December 31, 2009, HOCHTIEF A
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Top Executive Retention Plan 2004 T
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The quantities of SARs and stock aw
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Investing plan assets to cover futu
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The effects of a one percentage poi
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Sundry other financial liabilities
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Maximum payments as of December 31,
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Management of interest rate risk HO
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The following sensitivity analyses
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The impairments in trade receivable
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2008 (EUR thousand) Available for s
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The EUR 9,600,000 gains are include
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35. Segment reporting Segmental rep
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Profit/(loss) from operating activi
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All non-cash income and expense and
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The fees for services provided in G
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Corporate Headquarters ❘ Informat
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Supervisory Board Committees Nomina
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Glossary Alumni program The alumni
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Our five year summary Five Year Sum
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Publication Details and Credits Pub
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