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Babcock & Brown

24 08 06 interim result 2006 presentation.pdf - Astrojapanproperty.com

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Cost Control<br />

100%<br />

80%<br />

Headcount* numbers<br />

Cost/Income pre bonus (%)<br />

768<br />

642<br />

Australia<br />

Asia<br />

US<br />

UK<br />

Europe<br />

Other<br />

100<br />

2<br />

60%<br />

40%<br />

455<br />

500<br />

114<br />

280<br />

20%<br />

0%<br />

31 Dec 04 30 Jun 05 31 Dec 05 30 Jun 06<br />

232<br />

40<br />

* Headcount does not include consolidated investments<br />

• Despite the significant rate of growth in the business and the resulting growth in employee<br />

numbers from 642 at 31 December 2005 to 768 at 30 June 2006, costs were maintained<br />

as a percentage of net revenue.<br />

• Employee numbers are now in excess of 810. The growth in employee numbers in 1H<br />

2006 is anticipated to continue over 2H 2006.<br />

7

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