Bovis Lend Lease Investor Day March 2008 Bovis Lend Lease Asia

Bovis Lend Lease Investor Day March 2008

Bovis Lend Lease Asia Pacific Business OverviewSergio CasariCEO − Asia Pacific

2

Business Overview

Bangalore

CHINA

JAPAN

AUSTRALIA

Shanghai

SydneyACT

Melbourne

Perth

Brisbane

Taipei

Tokyo

Osaka

Kuala Lumpur

Beijing

THAILAND

INDIATAIWAN

MALAYSIASINGAPORE

2,300 people in 8 countries

Backlog GPM of A$237.3m (Dec 07)

Operating in Australia since 1951 and Asia since 1973

Australia’s largest commercial and industrial contractor − A$1.6b secured projects (HIA Reed 2006/07)

Over 80% of business from repeat clients

Key sector focuses in commercial, retail, healthcare and pharmaceutical

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Our Value Proposition

We deliver projects of outstanding quality and value by

Integrating design and construction

Applying front end project management capabilities

Working hand in hand with our clients

Benefiting from early supply chain engagement

Leveraging international procurement and best practices

Leading in Safety and in Sustainability

Attracting and retaining the best people

Xilinx, Singapore

ANZ, 833 Collins Street, VIC

4

We are fully aligned with our clients’ objectives and provide an end to end property delivery solution

Feasibility and

Capital Structuring

Design and

authority approvals

Procurement and contracts

negotiation

Construction(some design development)

Completionand

handover

Asset andFacility

Management

Traditional Contracting

Bovis Lend Lease Integrated Project Management Design & Construction Model

Project ManagementProduct creation / innovationDesign / sustainabilityValue engineeringCost plan driven designRisk managementLife cycle / operability

Design & ConstructionSupply chain engagement Constructability solutionsSchedule / delivery drivenSafety managementNon adversarial approachQuality assurance

5

Our Service OfferingDesign & Construction

Product and value driven solution

Design, procurement and construction occur concurrently, drivingshorter delivery programmes

Pre-planning focus to minimise on-site risks

Integration of tenants and user needs

Cost and quality certainty

420 George Street / Mid City Centre, NSW

30 The Bond, NSW

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Our Service OfferingEPCM* / Construction Management

Maximum flexibility in design developmentprocurement construction

to accommodate client requirements

Full alignment with client interests

Single point of responsibility

Open-book procurement

* Engineering Procurement Construction Management

Sydney International Airport, NSW

Lonza Mammalian Cell Culture Plant 2, Singapore

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Port Botany, NSW

Our Services OfferingProject Management / Consulting

Full alignment of interests

Engaging and managing consultants and contractors on behalf of the client

Monitoring and control of construction outcomes to ensure achievement of pre-agreed outcomes

Acting as the client’s agent to define needs, target and outcomes

Using construction expertise to add value to the client’s products

Petronas Towers, Malaysia

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Asia Pacific30%

Bovis Lend Lease Asia Pacific delivered 30% ofGlobal Backlog GPM December 2007

Source of core competencies

Provides senior management talent

Generates cash

De-risks integrated projects

Creates portfolio balanceRemainder

70%

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EPCM 37%

D&C11%

PM/CM 52%

Asia Pacific Realised GPM by Service TypeDecember 2007

Asia Pacific

Asia

Australia

EPCM10%

Construction Management

11%

Multisites10%

Consulting &Project Management

7%

D&C62%

Construction Management

16%

D&C68%

Multisites13%

ProjectManagement

3%

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Asia Pacific Backlog GPM by SectorsDecember 2007

Commonwealth Bank, NSW

Australian Taxation Office, ACT

Sealed Air Qingpu, China

Healthcare34%Pharmaceutical/Industrial

16%

Other7%

Retail17%

Transport/Aviation7%

Commercial/Office19%

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Key Asia Pacific Current Projects

A$310mSingaporeAbbott Nutritionals Infant Facility

A$1,064mMelbourne, VicRoyal Children’s Hospital

A$377mMelbourne, VicANZ, 833 Collins Street

A$160mSingaporeGenentech Microbial Facility

A$155mSingaporeSomerset Retail Project

A$292mBrisbane, QLDBrisbane International Airport

Robina, QLD

Sydney, NSW

Regional NSW

Sydney, NSW

A$180m Robina Retail Town Centre

A$260m420 George Street/Mid City Centre

A$264mMulwala Redevelopment Project

A$470mTop Ryde Retail

FY2007 FY2008 FY2009 FY2010Value LocationKey Projects

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Strategy Overview

Royal Children’s Hospital, VIC

Somerset Project, Singapore

TBC

BPB / Saint Gobain Factory, India

Continue to specialise in TelecommunicationsFocus on PM services for local and MNC clients

Japan

Focus on Project Management for MNCsWork with local partnersIntroduce Safety and Sustainability

India

Balanced “D&C / EPCM / PM” service portfolioFocus on Project Management for MNCs

China /Taiwan

Retain presence to deliver projects for Multi-national Corporations (MNCs)

Thailand /Malaysia

Continue to focus on Pharma / IndustrialSupport / deliver Lend Lease’s developments

SingaporePharma

Balance of “Private / Public” portfolioContinue to lead and innovate in Safety & Sustainability

Australia