Lendlease Group · ASX:LLC
Lendlease — Non-Deal Roadshow (July 2004)
83 slides from Lendlease's roadshow presentation, Jul 16, 2004
Slide 1: Stock Exchange Announcement: US Investor Roadshow
14 July 2004 The Manager The Manager Companies Section Companies Section Australian Stock Exchange Limited New Zealand Exchange Limited Pages: eighty three (83) pages Dear Sir STOCK EXCHANGE ANNOUNCEMENT LEND LEASE CORPORATION LIMITED JS INVESTOR ROADSHOW — 15 & 16 JULY 2004 With reference to the In
Slide 2: Americas
Americas Chief Executive Officer Ron Oakley
Slide 3: Presentation Agenda
Slide 4: Sites
Slide 5: Time Warner Center, New York
Slide 6: Bloomberg Tower, New York
Slide 7: Hotel Sofitel, New York
Slide 8: The Ritz-Carlton Hotel & Residences, New York
Slide 9: The Milan New York, New York
Slide 10: Organization
Slide 11: Americas Organization
— Americas Organization Lend Lease Business Units Corporate Team Ron Qak by CEO, Lend Lease 225s poe Karen Cos Human Resources Director Pate Marc hetho Chief Operating Oflcer Bovis Lend Lease 212.592.6761 212.592.6809 Michasl Fagin .. FB Fi é Chief Commenia and Peter Hzbl 4 f ay Legal Oflcer Chief E
Slide 12: Overview
Slide 13: Key Facts
Slide 14: Incident & Injury Free
Slide 15: Injury & Incident Free Process
Slide 16: IIF Commitment
Slide 17: What Does an IIF Environment Look Like?
Slide 18: The Business
wnt ny frat qed did hep coor: fees
Slide 19: Slide 19
Slide 20: United States Lend Lease
Bovis Lend Lease United States Lend Lease San Francisco Los Angeles Hawaii ss od
Slide 21: Actus Lend Lease Mainland Projects
Actus Lend Lease Mainland Projects Lend Lease Fort Lewis & MeChord AFB Fost Campbell Cannon AFB Twent ie — oe Davis-AMonthan AFB CNRSE~ East PPV © NWS Charleston CS © NSB Kings Bay GA NAS Jacksonvitte FL NS Mayport FL NAS Whiting Field FL NCSS Panama City FL NAS Pensacota FL NAS Key West FL ws, Pend
Slide 22: Actus Lend Lease Update: Hickam Air Force Base Project
Slide 23: Our Competitive Advantages
Slide 24: Our Competitive Advantages
Slide 25: Strength of Bovis Lend Lease US Business Model
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Slide 30: Ed Ayuso
Ed Ayuso _ Mike Killbridge | Mike Beeson
Slide 31: Summary
Slide 32: Summary
Slide 33: Slide 33
Slide 34: Americas
Sm ee Bovis Lend Lease Bovis Lend Lease - Americas Pete Marchetto
Slide 35: Agenda
—— Bovis Lend Lease Agenda ® Geographic Area ® Regional Organization @ Market Attractiveness ® Competitive Position
Slide 36: Geographic Area
Sm ee Bovis Lend Lease Agenda ® Geographic Area
Slide 37: Geographic Area — Americas
Sm ee Bovis Lend Lease Geographic Area — Bovis Lend Lease Americas San Francisoo Los Angeles
Slide 38: Sm ee
Sm ee Bovis Lend Lease
Slide 39: Americas
Bovis Lend Lease Americas 2,193 - Total Regional Staff Resources PETE MARCHETTO Chief Operating Officer JEFF ARFSTEN LARRY ATKINS MARK MELSON Eduardo Sposito Chicago Charlotte flew York Latin America Total 247 employees Total 630 employees Tolal 1161 employees ‘Total 56 eniployees
Slide 40: Sm ee
Sm ee Bovis Lend Lease
Slide 41: Market Attractiveness: Sector Portfolio
Market Attractiveness Sector Portfolio GPM % of Total by Sector BP Education & 10% Government 19% Health & Life Sciences . 23% General ° Building an 48% Note: GPM = Gross Profit Margin ———— Bovis Lend Lease
Slide 42: Market Attractiveness: Service Offering Mix
— Market Attractiveness nee Bovis Service Offering Mix - % of GPM Lend Lease Construction Management Agency Program Management 21% : 14% Design/Build 4% Consulting 2% Construction Management Risk 59%
Slide 43: Market Attractiveness: Client Offering Mix
— Market Attractiveness ) ree Bovis Client Offering Mix - % of GPM Lend Lease Base Opportunistic 17% Asset Client* 50% Repeat Client 33% * Asset Client includes BP and Pharmaceutical (Princeton)
Slide 44: Competitors & Market Ranking
———— Bovis Lend Lease Competitors & Market Ranking Contracting Revenues for 2003 1 4 Bechtel, San Francisco, Calif 2 3 Centex, Dallas, Texas 3 6 KBR, Houston, Texas 4 2 Fluor Corp., Aliso Viejo, Calif. § 4 The Turner Corp., Dallas, Texas 6 5 Skanska USA Inc., Whitestone, N.Y.t 7 7 Peter Kiewit Sons’
Slide 45: Competitors & Market Ranking
Competitors & Market Ranking Construction Management at Risk Bovis Lend Lease 1 1 The Turner Corp., Dallas, Texas 2 2 Skanska USA Inc., Whitestone, N.Y. 3 28 Bechtel, San Francisco, Calif. 4 3 Bovis Lend Lease, New York, N.Y. 5 7 Fiuor Corp., Aliso Viejo, Calif. 6 4 Gilbane Building Co., Providence,
Slide 46: Competitors & Market Ranking
—— Bovis Lend Lease Competitors & Market Ranking Construction Management (fee) | CH2M Hill Cos. Ltd., Denver, Colo. 3 2 6 Parsons Brinckerhoff, New York, N.Y. 3 8 Jacobs, Pasadena, Calif. 4 4 URS, San Francisco, Calif. § 5 Parsons, Pasadena, Calif. 6 10 Bechtel, San Francisco, Calif. 7 11 The Turner
Slide 47: Profile of Projects Underway — Americas
Market Attractiveness Profile of Projects Underway — Americas Bovis Lend Lease New York "Ithaca | Boston/Hartford Princeton - Washington - Chicago - i Columbus 7 _ Carolinas San Francisco. Los Angeles ; “Nashville ' Atlanta ; : Florida Dallas Latin America Total
Slide 48: Profile of Projects Underway — New York
Market Attractiveness Profile of Projects Underway — New York Bovis Lend Lease 135 active projects valued at $2.6 billion Major Projects... Time Warner Center 731 Lexington Avenue Trump Place @ Riverside South New York, New York New York, New York New York, New York
Slide 49: Profile of Projects Underway — Princeton
Market Attractiveness : Bovi Profile of Projects Underway — Princeton BOVIS Lend Lease 27 active projects valued at $399 million es 3 Major Projects... 1 ine NJEDA Abbott Schools Underwood Memorial Hospital New Jersey Woodbury, New Jersey
Slide 50: Profile of Projects Underway — Ithaca
Market Attractiveness Bovi Profile of Projects Underway — Ithaca OVIS Lend Lease 14 active projects valued at $12 million Major Projects... Ulster County Correctional Facility Kingston, New York Berkshire Medical Center Pittsfield, Massachusetts Phelps-Clifton Springs CSD Clifton Springs, New York
Slide 51: Profile of Projects Underway — Boston
Market Attractiveness Profile of Projects Underway — Boston 9 active projects valued at $440 million Major Projects... a i ~ 33 Arch Street Merck Boston Research Center University of Massachusetts?) Boston, Massachusetts Boston, Massachusetts Boston, Massachusetts ye
Slide 52: Profile of Projects Underway — Chicago
Market Attractiveness Profile of Projects Underway — Chicago 18 active projects valued at $571 million i 111 South Wacker Drive 71 South Wacker Drive Two River Place Chicago, Illinois Chicago, Hlinois Chicago, IHinols
Slide 53: Profile of Projects Underway — Columbus
Market Attractiveness . Profile of Projects Underway — Columbus Bovis Lend Lease 12 active projects valued at $55 million Major Projects... Ohio State University Columbus, Ohio
Slide 54: Profile of Projects Underway — Charlotte
Market Attractiveness Profile of Projects Underway — Charlotte 30 active Charlotte & Major Projects. Raleigh projects valued at $786 million Appalachian State University - Central Library Boone, North Carolina Billy Graham Evangelistic Association Corporate Headquarters Charlotte, North Carolina Wak
Slide 55: Profile of Projects Underway — Raleigh
Market Attractiveness Profile of Projects Underway — Raleigh Bovis Lend Lease Major Projects... American Tobacco Raleigh, North Carolina Duke University Medical - Medical Science Research Durham, North Carolina North Hills Mall Development Raleigh, North Carolina
Slide 56: Profile of Projects Underway — Dallas
Market Attractiveness Profile of Projects Underway — Dallas Major Projects... 4 active projects valued at $121 million St. Mark's Medical Center LaGrange, Texas GCN Scott & Whi ite Memorial - Center for Advanced Medicine Temple, Texas —— Bovis Lend Lease a
Slide 57: Profile of Projects Underway — Los Angeles
Market Attractiveness Bovi Profile of Projects Underway — Los Angeles OVIS Lend Lease 9 active projects valued at $36 million Major Projects... Program Los Angeles, California Los Angeles Unified School District, Science Education Resource Center Los Angeles, California Long Beach Community College
Slide 58: Profile of Projects Underway — Miami
—_ Market Attractiveness Profile of Projects Underway — Miami 17 active Orlando & Miami projects valued at $377 million Bovis Lend Lease Major Projects... Azure Condominiums Surfside, Florida Se Sey SES Ae University of Miami Research Fairfield @ Dadeland Miami, Florida Kendall, Florida
Slide 59: Profile of Projects Underway — Orlando
—_ Market Attractiveness Profile of Projects Underway — Orlando Bovis Lend Lease Major Projects... Holmes Regional Medical Center- Heart & Parking Melbourne, Florida HealthPark Medical Center Vertical Univ. of S. Florida — Nanotech 1 Facility Expansion Tampa, Florida Ft. Myers, Florida
Slide 60: Profile of Projects Underway — San Francisco
—_ Market Attractiveness Profile of Projects Underway — San Francisco Bovis Lend Lease 6 active projects valued Major Projects... . at $381 million Oakland International Airport Expansion, Oakland, California Brannan Square (Pier 30-32) San Francisco, California San Francisco, California
Slide 61: Profile of Projects Underway — Washington
—_ Market Attractiveness Profile of Projects Underway — Washington Bovis Lend Lease 27 active projects valued at $742 million Major Projects... Potomac Hospital - Additions & Renovations Potomac, Maryland 400 Massachusetts Avenue Montgomery College Expansion Washington, DC Takoma Park, Maryland
Slide 62: Profile of Projects Underway — Nashville
Market Attractiveness Profile of Projects Underway — Nashville 16 active projects valued at $375 million Major Projects... Presbyterian Hospital of Denton Denton, Texas Baptist Memorial Hospital Desoto Southaven, Mississippi VALLEv Vatliw Medical Qonter he pea i Valley Medical Center Palmer, Alaska
Slide 63: Profile of Projects Underway — Atlanta
—_ Market Attractiveness Profile of Projects Underway — Atlanta Bovis Lend Lease 4 active projects valued at $40 million Major Projects... ai! Hartsfield-Jackson Atlanta — 5th Runway Project Athens Regional Medical Center Atlanta, Georgia Athens, Georgia
Slide 64: Key Prospects
———— Bovis Lend Lease Key Prospects — Bovis Lend Lease New York PATH Station, New York, | Transportation; NY CM at risk New York Newark Arena, Newark, NJ | Sports / Stadium; CM at risk New York NY Jets Organization;] 120,000 seat Stadium; NY Jets Stadium CM at risk Chicago Trump Tower, Chicago 462 u
Slide 65: Sector Growth Trends
———— ovis Lend Lease Sector Growth Trends Base business will grow with the market BLL Market Segments $USbillions mM 2003 1 2004 1 2005 (1 2006 mi 2007 Source: McGraw Hill Construction
Slide 66: Competitive Position
® Competitive Position Sm ee Bovis Lend Lease
Slide 67: Market Position
Market Position @ Healthcare e Multi-Unit Residential e Military Housing ® Government Offices ® Hotels / Motels @ Pharmaceutical Plants / R&D Labs @ Senior Living (estimated, not ENR) @ Commercial / Office Source: 2003 ENR (McGraw Hill) No. 1 No. 1 No. 1 No. 4 No. 5 No. 5 No. 5 No. 6 ———— ovis Lend
Slide 68: Competitive Position: Asset Client Penetration
Competitive Position Asset Client Penetration Los Angeles Bovis Higgins Development {Chicago to Columbus) ‘Millennium Partners (NYC to California) ‘Twining Properties (NYC to Boston) The Related Companies (NYC to Boston) Merck & Co. (Princeton to Boston} ANIGEN (Princeton to Boston) ops Organization
Slide 69: Growth Opportunities
—— Bovis Lend Lease Growth Opportunities Significant opportunity for growth exists in: @ Healthcare e@ Federal Markets e@ Sports (New York Metropolitan Area)
Slide 70: Healthcare Sector Construction Outlook
Healthcare Sector Construction Outlook Bovis Lend Lease $20 $18 $16 US$s in Billions $14 $12 $10 $8 $6 $4 $2 $0 2002 2003) 2004s : Source: McGraw Hill - FW Dodge
Slide 71: Healthcare Track Record
Bovis Lend Lease Healthcare Track Record Mega Hospitals Cornell University Medical Center Long island Jewish Medical Center Mission Saint Joseph Hospital New York Presbyterian Hospital Specialty Facilities Athens Regional Medical Center Duke University Medical Center Franklin Square Hospital Cancer
Slide 72: New York Metropolitan Area Sports Opportunities
—_ New York Metropolitan Area Sports Opportunities . P poms SPP Bovis Lend Lease ® Nine (9) professional sports franchises representing the NFL, NHL, NBA and MLB Nine (9) new stadium/arena construction and renovation programs planned Major convention center expansion planned (Jacob Javits Center) Fi
Slide 73: Total Anticipated Sports Construction Spend
Bovis Total Anticipated Sports Construction Spend - NY Area Lend Lease Brooklyn Nets Arena / Atlantic Yards $2.5b Destiny USA $2.26 MSG Mixed-Use Development $2b Jacob Javits Center Expansion $1.2b New York Jets Stadium $1.2b BLL/Hunt ‘of 2 - Award Date 2/05 New Madison Square Garden $500m Newark Ar
Slide 74: US Privatised Sector Construction Opportunities
———— Bovis Lend Lease US Privatised Sector Construction Opportunities Federal/State and Local Government ® Dept. of Defence - Military Housing @ Higher Education - Student Housing @ Higher Education - Public Campuses ® K-12 Education @ Transportation - Bus/Toll Roads ® Aviation ® Correctional Facili
Slide 75: Case Studies
Case Studies Jeff Arfsten - Chicago (High Rise) @ 71 South Wacker Street e@ 111 South Wacker Street Larry Atkins - Charlotte (Healthcare) e@ Duke University Medical Center @ HCA Mark Melson - New York (Education) @ Columbia University ———— Bovis Lend Lease
Slide 76: South Wacker, The Hyatt Center Chicago, Illinois
71 South Wacker, The Hyatt Center Chicago, Illinois HTT i Completion Assignment Client Architect 2005 Preconstruction / General Construction, GMP Higgins Development Pei, Cobb Freed & Partners
Slide 77: South Wacker, The Hyatt Center Chicago, Illinois
71 South Wacker, The Hyatt Center Chicago, Illinois @ Provided high quality cost management and design review services to reduce the project’s cost from its original estimate down to the budget amount. ® Managed the preconstruction effort through an aggressive schedule, obtaining building permits an
Slide 78: South Wacker, Chicago, Illinois
111 South Wacker, Chicago, Illinois Completion 2004 Assignment Preconstruction / General Construction, GMP Client The John Buck Company Architect Lohan Caprile Goettsch Architects Continuing our long and fruitful relationship with The John Buck Company in downtown Chicago, Bovis Lend Lease is provid
Slide 79: Duke University Medical Center — Comprehensive Building Program
Duke University Medical Center — Comprehensive Building Program Durham, North Carolina Construction Value $240+ million Building Size 900,000 sf Completion Ongoing Assignment General Construction / Construction Management Client Duke University Medical Center Architect Various Our team has been chos
Slide 80: HCA Nashville, Tennessee
HCA Nashville, Tennessee Construction Value $1.8 billion Completion Ongoing Assignment Construction Management Client HCA Architect Various The ongoing Client HCA is an example of our multi-site, multi-project (280 separate projects) expertise for the Client. On all projects, we work closely with th
Slide 81: Risk Management & Operational Efficiency
Slide 82: Limits of Authority
Slide 83: Global Minimum Project Standards (GMPS)