BAM Abbreviated Annual Report 2011 - Siteseeing in the world of ...

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88 2011 BAM Stabilisation Woningbouw of ‘Hooley hoge Cutting’ rock kantoortoren, faces on the London-Brighton Palais Thurn und Taxis, maakt railway deel line. uit van het project Al Bidda, BAM Nuttall, Qatar. BAM Ritchies. > BAM Contractors operates in the Irish construction market as BAM Civil, BAM Building, BAM Rail and BAM Property and has approximately 615 staff. Under the PPP process it has successfully delivered major infrastructure projects. After several years of excellent performance, BAM Contractors continues to experience the negative impact of Ireland’s economic downturn. Construction output is negatively affected by Government measures to restructure the banking sector and keep the national debt in check. BAM Contractors was nonetheless able to end the year with a good result. Despite challenging market circumstances, the company sees good opportunities in the Irish civil engineering and construction market, particularly in the health care, education, transport, water management and waste/ water management sectors. Projects completed in 2011 include Curraheen Hospital, Cork and The Engineering Building, National University of Ireland, Galway. This project was awarded ‘School & Education Building Project of the Year’ at the CMG 2011 Building & Design Awards. Building projects underway in 2011: 7,000 m2 office development for US software company Quest in Cork; 3,000 m2 headquarters for the Community Workers Union, Dublin; 10,220 m2 bulk feed facility for Arkady Feed in Ringaskiddy, Cork and the Centre for Applied Science for Health for the Institute of Technology Tallaght. BAM continues to beat off stiff competition to win work contracts at the Major Microchip Manufacturing Facility at Leixlip. BAM Civil is the market leader in the civil engineering sector and makes significant contributions to the provision of Ireland’s built infrastructure. BAM Civil began work on the N22 Tralee Bypass Road Improvement Scheme and finished the 353 metres Adamstown Footbridge and the Green Route Extension in Dublin. BAM Civil together with Wayss & Freytag Ingenieurbau is working on a major tunnel project in Ireland. BAM Vastgoed De 134 meter Cyclists’ hoge kantoortoren, and pedestrian Palais bridge Thurn over und the Grand Canal on Taxis, the maakt ‘Green deel Route’ uit near van het Adamstown, project Ireland. BAM Al Hidmi, Civil. Qatar. BAM Contractors continues to be active in the Irish PPP market: as part of a consortium it has been appointed preferred bidder on the Second Level Schools, Bundle 3, PPP and the Newlands Cross / N11 PPP Schemes. Little activity was recorded in the Irish property market in 2011 due to the banking and general economic crisis. BAM Contractors, in joint venture with Heineken Ireland, has just been granted planning permission for a €150 million redevelopment of the former Beamish and Crawford site in Cork City Centre. Little significant increase in activity is expected through 2012. Development sites held by BAM Property are strategically located in urban areas and have good potential for future development. The company ran a very successful Rent to Buy Scheme on residential property in 2011. > Wayss & Freytag Ingenieurbau is a prominent company in the German civil engineering sector and commands an impressive reputation for building tunnels in particular. Collaboration with other BAM companies once again reaped rewards in 2011: Wayss & Freytag Ingenieurbau is part of the consortium building the Sluiskil Tunnel under the canal that runs from Ghent to Terneuzen (the tunnel is 1,339 metres long with an outer diameter of approximately eleven metres). The company is also working on the largest infrastructure project currently in progress in Europe: the BFK consortium (BAM-Ferrovial-Kier) in collaboration with Wayss & Freytag Ingenieurbau was awarded the London Crossrail contracts to build access shafts to Bond Street and Tottenham Court Road stations and to build the link between Farringdon Station and the Crossrail tunnel. The customer, Crossrail, is a joint venture formed by Transport of London and the British Ministry of Transport. Crossrail awarded both contracts (which are worth a combined total of approximately €555 million) to the consortium.
Silberberg Railway Tunnel (7.4 kilometres). Wayss & Freytag Ingenieurbau (in joint venture). On the site where the six kilometre long Liefkenshoek Railway Tunnel is being built in Antwerp, the southern tunnel boring machine broke through to the end shaft six weeks ahead of schedule thanks to an excellent pressure system. Wayss & Freytag Ingenieurbau is providing the specific boring expertise. The construction of the Liefkenshoek rail link is a public-private partnership project which is currently the largest infrastructure project in Belgium. BAM PPP is a 50 percent partner in the SPC Locorail consortium which is carrying out the project. Wayss & Freytag won the contract to build the Schleitz- Triptis section of the A9 motorway as a partner in a joint venture with Eurovia. This PPP project has a twenty-year contract term (starting in October 2011). The new section of the motorway will be 47 kilometres long, approximately 19 kilometres of which will be widened to six lanes and relaid. The contract also includes building 24 new civil engineering structures, a junction and a motorway service area as well as the demolition of six existing civil engineering structures. The construction work is worth a combined total of €130 million and is expected to be complete at the end of 2014. A follow-up contract was won for the third time for work on the giant Koralm line project in Austria. This time, the customer – ÖBB Infrastruktur (Vienna) – awarded the contract to build the ventilation system in Paierdorf. As part of the Transeuropean rail network, the Koralm line will link the Baltic States to the Adriatic Sea. In its capacity as technical lead representing a consortium, Wayss & Freytag Ingenieurbau was awarded a contract by the Düsseldorf municipal authority to build the Kö-Bogen Tunnel under the Hofgarten in Düsseldorf. New tunnels will be built for the new Wehrhahnlinie underground line under Königsallee and the Hofgarten. Liefkenshoek rail tunnel link, Antwerp. BAM PPP, CEI-De Meyer, Wayss & Freytag Ingenieurbau, BAM Techniek (in joint venture). A large public party was held to mark the opening of Moosach Station in Munich, which is the city’s onehundredth underground station. Wayss & Freytag was contracted by the Munich municipal authority to build the two single-track underground tunnel sections on Line 3 North as well as the Moosach and Leipziger Straße underground stations. This extension work means that Munich’s underground system has now grown to more than 102 kilometres in length. 89 2011
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2011 Abbreviated Annual Report
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Key figures (in €million, unless
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Foreword Royal BAM Group nv hereby
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Outlook Royal BAM Group started 201
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Construction and mechanical and ele
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Better results are generally accomp
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2. Optimum exploitation of strength
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24 22 20 18 16 14 12 10 8 6 4 2 0 S
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Dividend policy Dividend policy and
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Report by the Supervisory Board to
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Fotobijschrift: 19 2011
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eported in each case on the state o
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Multipurpose complex for care and s
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and reported to the Supervisory Boa
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27 2011
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to the financial objectives (maximu
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The variable remuneration actually
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The graduated scale shown below app
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The company has no other remunerati
Page 39 and 40: C.M.C. Mahieu (1959) Ms Mahieu grad
Page 41 and 42: Financial results Report by the Exe
Page 43 and 44: Result per ordinary share The numbe
Page 45 and 46: Oman Botanical Garden, Muscat. BAM
Page 47 and 48: of €16 million and a super divide
Page 49 and 50: financial year and the subsequent f
Page 51 and 52: manner with regard to the other mem
Page 53 and 54: Sporen in Arnhem: modernisation and
Page 55 and 56: Approximately 130 metres-high ‘De
Page 57 and 58: Netherlands with a remaining term m
Page 59 and 60: N218 Hartel canal cycle bridge (600
Page 61 and 62: On the one hand, the operating comp
Page 63 and 64: ensure that it consistently and eff
Page 65 and 66: carrying out this project but was n
Page 67 and 68: Corporate Social Responsibility Pol
Page 69 and 70: Green walls and roofs of the BSH In
Page 71 and 72: Worker participation European Works
Page 73 and 74: y 7.7 percent in 2012. On the other
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Page 77 and 78: 18 homes in the Elzenhagen neighbou
Page 79 and 80: The company continued to perform st
Page 81 and 82: Four school buildings for Alfons Ke
Page 83 and 84: Royal BAM Group operates in the Dut
Page 85 and 86: Underground high-voltage link for t
Page 87 and 88: Design of quay wall and mooring jet
Page 89: Renovation and expansion of Tottenh
Page 93 and 94: Laela-Sumbawanga road improvement p
Page 95 and 96: The Dutch property activities recor
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Page 101 and 102: BAM PPP is responsible for Royal BA
Page 103 and 104: Tebodin Consultants & Engineers is
Page 105 and 106: Financial statements 2011 104 Conso
Page 107 and 108: Consolidated income statement (x
Page 109 and 110: Consolidated statement of equity (x
Page 111 and 112: Company balance sheet at 31 Decembe
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Page 117 and 118: Royal BAM Group nv Royal BAM Group
Page 119 and 120: 2006 2005 2004 2003 1 2002 IFRS IFR
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Page 124: Royal BAM Group nv Runnenburg 9 398
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