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which was established in 2008, is a key partner for<br />

successfully tapping this growing market segment.<br />

Sustainable green building<br />

We see sound prospects for expanding HOCHTIEF’s<br />

business in the uptick in demand for green building<br />

projects. In light of rising energy prices, there is increasing<br />

recognition that investment in resource-friendly and<br />

environmentally friendly buildings pays off. HOCHTIEF<br />

identified the trend toward sustainable construction<br />

early on and has played a decisive role in shaping the<br />

market. We are driving forward the development of<br />

sustainable construction and management models and<br />

all modules in our product range cover this market segment.<br />

This expertise puts HOCHTIEF in an excellent<br />

position to benefit from this high-volume market segment,<br />

which is growing in the USA in particular. Our US<br />

subsidiary Turner is the market leader with numerous<br />

new and finished projects.<br />

Energy efficiency and renewable energies<br />

We offer specific services in many parts of the company<br />

that actively promote climate protection. Through<br />

our subsidiary HOCHTIEF Energy Management, we already<br />

provide attractive offers in the energy contracting<br />

and energy management segments. HOCHTIEF aims<br />

to benefit from the promising market for building refurbishment<br />

to improve energy efficiency in Germany as<br />

well as internationally. These services can be combined<br />

optimally with the product and service spectrum<br />

of HOCHTIEF Construction, HOCHTIEF Facility Management<br />

and HOCHTIEF Property Management in the<br />

areas of construction, revitalization and real estate<br />

management. Through our commitment to geothermal<br />

energy and offshore wind energy, we also have superior<br />

positioning in the growth market for renewable energies.<br />

The newly formed company Beluga HOCHTIEF<br />

Offshore is our response to the increasing demand for<br />

special-purpose vessels for construction of offshore<br />

wind farms.<br />

❘ Information for our Shareholders ❘ ❘ Management Report ❘ ❘ Financial Statements and Notes ❘<br />

Forward-looking statements<br />

This annual report contains statements related to the<br />

future performance of the HOCHTIEF Group and its<br />

companies as well as to economic and political developments.<br />

These statements represent estimates we<br />

made on the basis of a thorough review of all information<br />

available to us at the time of going to print. If the<br />

underlying assumptions prove false or additional risks<br />

arise, actual results may differ materially from those<br />

currently expected. Thus we are unable to guarantee<br />

the statements made here.<br />

Post-balance-sheet<br />

events<br />

There were no material events to report between<br />

the close of fiscal 2009 and the editorial deadline for<br />

this annual report.<br />

Declaration on<br />

corporate<br />

governance<br />

The Declaration on Corporate Governance is<br />

available on the Internet at<br />

www.hochtief.com/corporategovernance.<br />

Annual Report 2009 123

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