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The HOCHTIEF Aktiengesellschaft Executive Board (left to right): Peter Noé, Frank Stieler, Burkhard Lohr, Herbert Lütkestratkötter (Chairman of the Executive Board) and Martin Rohr
Executive Board Dr.-Ing. Herbert Lütkestratkötter (59) was appointed Chairman of the Executive Board of HOCHTIEF Aktiengesellschaft on April 1, 2007. Lütkestratkötter holds a doctorate in engineering and is in charge of the Corporate Development and Corporate Communications corporate centers. He is also responsible for corporate governance and management development. Until January 2010, his responsibility additionaly included the HOCHTIEF Americas division. Dr. Lütkestratkötter has been with HOCHTIEF since 2003 and became Deputy Chairman of the Executive Board in December 2006. Dr. rer. pol. Burkhard Lohr (46) took office on the HOCHTIEF Aktiengesellschaft Executive Board in January 2006. As Chief Financial Officer (CFO) and Executive for Labor Relations, he is in charge of the Finance/Investor Relations corporate center and of Controlling, Accounting, Tax and Human Resources. Lohr holds a doctorate in economics and already worked as construction administrator with HOCHTIEF Aktiengesellschaft prior to his studies. He came back to HOCHTIEF in 1993 and was appointed to the Executive Board of HOCHTIEF Construction AG in January 2002. Dr. rer. pol. Peter Noé (52) has been on the HOCHTIEF Aktiengesellschaft Executive Board since February 2002. Noé holds a doctorate in business administration and is responsible for the HOCHTIEF Asia Pacific and HOCHTIEF Concessions divisions. Noé is Chairman of the Executive Board at HOCHTIEF Concessions AG, which was launched in November 2009. ❘ Information for our Shareholders ❘ ❘ Management Report ❘ ❘ Financial Statements and Notes ❘ Prof. Dr.-Ing. Martin Rohr (54) joined the Executive Board of HOCHTIEF Aktiengesellschaft in June 2004 and is in charge of the HOCHTIEF Real Estate and HOCHTIEF Services divisions. Rohr has a doctorate in construction engineering. He has been with HOCHTIEF since 1994 and has held responsibility for the Bavaria main branch, the Civil division as well as international project business. Rohr became a member of the HOCHTIEF Executive Board in December 2000 before switching to the Executive Board of HOCHTIEF Construction AG in April 2001. Dr. jur. Frank Stieler (51) has been a member of the HOCHTIEF Aktiengesellschaft Executive Board since March 2009. Stieler, who holds a doctorate in law, is in charge of the HOCHTIEF Europe division and is additionally responsible for Global Procurement and HOCHTIEF’s insurance business. Since January 2010, his responsibilities have also included the HOCHTIEF Americas division. Attorney-at-law Albrecht Ehlers (52) (not pictured) joined HOCHTIEF in 2000 and became a member of the HOCHTIEF Aktiengesellschaft Executive Board in November 2004. He held responsibility for labor relations and the HOCHTIEF Services division. Ehlers stepped down from the Executive Board of HOCHTIEF Aktiengesellschaft in March 2009. Annual Report 2009 15
Page 1 and 2: HOCHTIEF Annual Report 2009 ONEROOF
Page 3 and 4: Our Company at a Glance in 2009 HOC
Page 5 and 6: Turning Vision into Value HOCHTIEF
Page 7 and 8: ❘ Information for our Shareholder
Page 9 and 10: us: For instance, Leighton was awar
Page 11 and 12: A major topic relating to the HOCHT
Page 13: esolutions regarding the Executive
Page 17 and 18: One focus of corporate governance a
Page 19 and 20: Executive Board compensation also i
Page 21 and 22: Supervisory Board compensation tion
Page 23 and 24: Indexed performance of HOCHTIEF sto
Page 25 and 26: Regional distribution (as of Decemb
Page 27 and 28: with the goal of improving an airpo
Page 29 and 30: HOCHTIEF Concessions Division: Conc
Page 31 and 32: ❘ Information for our Shareholder
Page 33 and 34: Our global presence HOCHTIEF worldw
Page 35 and 36: *For further information, please se
Page 37 and 38: The economic crisis will continue t
Page 39 and 40: and communications. The weak infras
Page 41 and 42: This sustained growth will be affec
Page 43 and 44: Internationally, new orders fell by
Page 45 and 46: Strategy • Successful corporate s
Page 47 and 48: we bring together our experts for t
Page 49 and 50: Our cross-divisional competence cen
Page 51 and 52: stones of this consulting service i
Page 53 and 54: 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
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Financial Review • Strong year-on
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The EUR 15 million negative amount
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to the emerging challenges of the f
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Further loans are in place on a loc
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y Leighton. Other non-current liabi
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HOCHTIEF Aktiengesellschaft Stateme
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als. Section 23 (1) of the Articles
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of parties acting in concert, acqui
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provided on appointment and replace
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Segment Reporting Synergies boost s
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delphia. The project is worth appro
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jet parking areas. The project will
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Project highlights in Australia Ser
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The new contract is worth approxima
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Budapest Airport HOCHTIEF AirPort s
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The Elefsina-Patras-Tsakona toll ro
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HOCHTIEF Europe Division • Return
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essary work in the North Sea. With
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HOCHTIEF Real Estate Division • S
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Together with the Senator Group, th
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unified and optimized. The associat
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HOCHTIEF Services Division • Exis
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2009. HOCHTIEF Energy Management wi
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Risk Report • Group-wide early wa
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Execution Ausführungsaudit Audit E
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Fiscal year 2010 will be shored up
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HOCHTIEF works with first-rate cert
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❘ Information for our Shareholder
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Investing in sustained growth Our c
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which was established in 2008, is a
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Consolidated Statement of Earnings
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Consolidated Balance Sheet (EUR tho
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[Independent] Auditors’ Report We
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As in the prior year, the Consolida
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Property, plant and equipment is st
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The POC method is used primarily in
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value initially recognized in equit
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The remaining new or amended standa
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IFRIC 17 Distributions of Non-cash
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6. Other operating expenses (EUR th
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9. Income taxes 2009 2008 (EUR thou
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Impairment losses of EUR 64,000 (20
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Impairment losses of EUR 58,000 (20
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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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