Annual Report 2009 Royal BAM Group nv

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2009 10,000 8,000 6,000 4,000 2,000 0 1,400 1,200 1,000 800 600 400 200 0 Revenue (in € million) 7,425 7.770 7.4938,646 05 06 7,425 8,954 07 Equity / capital base (in € million) 582 790 693 940 994 05 06 07 1,266 8.646 8,835 847 8,353 08 09 1,098 08 09 Equity Capital base Revenue by sector year-end 2009 45% 3% 2% 1% 9% 40% Revenue by region year-end 2009 9% 10% 5% 7% 24% 46% 875 1,077 400 320 240 160 80 0 3.00 2.40 1.80 1.20 0.60 0.00 Net result attributable to shareholders (in € million) 153.3 137.0 05 06 349.0 07 Net result per share (fully diluted) (in € 1.-) 1.28 1.04 2.60 05 06 07 161.9 31.3 08 09 1.20 0.23 08 09 Order book by sector year-end 2009 41% 4% 1% 3% 13% 38% 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 1.00 0.80 Year-end order book (in € million) 10,400 7.770 by region 0.40 13,100 7.493 05 06 United 0.20 Kingdom 13,800 7,425 07 0.60 Result before tax/revenues Belgium 0.00 Ireland 05 06 07 8.646 13,100 Dividend per ordinary share (in € 1,–) 0.40 Netherlands Germany *proposal Worldwide Netherlands United Kingdom Belgium Ireland Germany Worldwide 0.45 0.90 Result before tax/revenues by sector Construction Property Civil engineering Public-private partnerships M & E contracting Consultancy and engineering Result before tax/revenues by region Result before tax/revenues by sector Construction Property Civil engineering Public-private partnerships 08 2009 0.50 neg. 2.6% 3.6% 11,200 09 0.10 neg. 08 09* 4.3% 1.3% 5.5% 2009 2.2% neg. 2.9% 17.0% 3.5% 5.6% 2009 neg. 2.6% 3.6% neg. 1.3% 5.5% 2009 2.2% neg. 2.9% 17.0% 2008 4.6% 5.1% 4.0% 0.2% 9.3% 2008 3.8% 3,9% 3.7% 29.1% 5.0% 12.1% 2008 4.6% 5.1% 4.0% 4.3% 0.2% 9.3% 2008 3.8% 3,9% 3.7% 29.1%
Key figures (in € million, unless otherwise indicated) Revenue Operating result Result before tax Net result attributable to shareholders Earnings per share (x €1,–) • basic • fully diluted Dividend per ordinary share (in €1,–) 1 Payout ratio (as percentage) Number of issued ordinary shares as at year-end (x 1,000) Total number of issued shares as at year-end (x 1,000) Closing price ordinary shares on 31 December (in €1,–) Equity attributable to shareholders Capital base Order book 2 Net addition to tangible fixed assets Depreciation/amortisation: • Tangible assets • Intangible assets • Other impairments Cash flow before dividend Average number of employees Number of employees at year-end Ratios: Result before tax as % of income Net result for the year as % of revenue Net result for the year as % of average equity Capital ratios: • equity attributable to shareholders as % of total assets • capital base as % of total assets 2009 8.353 (39.5) (52.8) 31.3 0.23 0.23 0.10 43 135.196 136.016 7.25 875.0 1.076.8 11.200 83.3 93.0 51.3 92.7 268.3 28.464 27.212 1.0 0.4 3.6 13.0 15.8 2008 8,835 233.4 252.5 161.9 1.21 1.20 0.50 42 135,193 136,016 6.41 847.4 1,098.2 13,100 89.7 86.0 109.5 - 357.3 28,544 29,050 1 Dividend proposal 2009. 2 The order book comprises both signed contracts and verbally agreed upon orders. 4.0 1.8 17.6 12.6 16.3 3 5 6 8 12 17 26 32 34 35 40 40 41 50 53 59 60 61 62 65 73 79 89 91 93 95 96 97 98 99 100 101 169 169 170 179 179 180 183 184 185 186 188 Foreword Outlook Organisational structure and offices Mission, vision, ambition and goals Royal BAM Group nv shares Report of the Supervisory Board to the shareholders Remuneration report Supervisory Board members Executive Board members Report by the Executive Board Financial results Wft declaration Acquisitions and disposals Corporate governance Decision on Article 10 Takeover Directive Risk and risk management Corporate social responsibility Human resources management Works Councils Construction industry barometer Construction Property Contents Civil engineering Public-private partnerships Mechanical and electrical contracting Consultancy and engineering Financial Statements 2009 Contents of Financial Statements Consolidated balance sheet as at 31 December Consolidated income statement Comprehensive income statement Consolidated statement of equity Consolidated cash flow statement Notes to the consolidated financial statements Statutory balance sheet as at 31 December Statutory income statement Notes to the statutory financial statements Other information Proposed appropriation of profit for 2009 Provisions of the Articles of Association concerning profit appropriation Anti-takeover measures Auditors’ report Principal subsidiaries and associates Royal BAM Group executive officers Ten year key figures Key financial dates 1 2009
Page 4 and 5: Annual Report 2009 Soccer City foot
Page 6 and 7: Fire service and ambulance station,
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Page 10 and 11: 8 2009 Core of BAM’s strategy Mis
Page 12 and 13: 10 2009 Horseshoe-shaped Saendelft
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Temporary steel structure under old
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Construction MAS - Museum aan de St
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Property Approximately 300 luxury h
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Civil engineering Pedestrian bridge
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St. Peter the Apostle High School (
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Mechanical and electrical contracti
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Permit procedure for a natural gas
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152 2009 22. Provisions At 1 Januar
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182 2009
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184 2009 Principal subsidiaries and
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186 2009 Revenue Operating result e
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188 2009 21 April 2010 General Meet
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