BUILDING SOLUTIONS FOR A DEMANDING WORLD Bouygues Construction in 2005.

BUILDING SOLUTIONS FOR A DEMANDING WORLD

Bouygues Construction

in 2005

Bouygues groupsimplified organisation chart

100%

100%

83%

41.6%

95.6%

A majordiversified industrial group

113,400 employees2004 sales: €23.4bn

ROADS

PROPERTY

MEDIA

TELECOMS

CONSTRUCTION

A diversified group5 business areas

ColasWorld’s no.1 road construction

and maintenance group

Bouygues Immobilier2nd property developer in

residential segment in France;1st in corporate

segment

TF1

Leading French TV group

Bouygues Telecom

3rd French mobile phone operator

Bouygues Construction World leader in building, civil worksand electricity/maintenance activities

Sales and workforce

38,500

56,000

3,9007,400

840

5.2

7.9

2.8

3.6

1.3

Bouygues ConstructionColas

Bouygues ImmobilierBouygues TelecomTF1

Sales in billion euros*Consolidated by Bouygues

Workforce*

* At 31st December 2004

The core business, Bouygues Construction

Bouygues Construction is derived from the company

created in by Francis Bouygues,

specialised in building inthe Paris region.

1952

Sales

by geographical zone

Western Europe 17%

Central and Eastern Europe 14%

Africa 7%

Asia - Pacific 11%

Sales of 5.5 billion euros were generated in 2004,of which 41% on international markets

France 59%

Central America Caribbean 2%

South Africa, U.A. Emirates, Benin, Burkina Faso, Cameroon, Congo, Ivory Coast, Egypt, Gabon, Ghana, Eq. Guinea, Mali, Morocco, Mauritius, Mozambique, Nigeria, Uganda, Tanzania, Chad, Togo, Tunisia

Germany, Belgium, Spain, France, Greece, Ireland, Italy, Luxembourg, Monaco, Netherlands, Portugal, UK, Switzerland

Argentina, Canada, Chile, Cuba, Haïti, Jamaica, Mexico, Dominican Rep., USA.

Croatia, Hungary, Poland, Czech Republic, Romania, Russia, Slovakia

Afghanistan, Australia, China/Hong Kong, South Korea, India, Indonesia, Iran, Japan, Malaysia, Philippines, Singapore, Taiwan, Thailand, Turkmenistan, Vietnam

Present in 60 countries38,500 employees including 20,500 outside France

International presence

Bouygues Construction

7 operational entities

€1,078m

€1,706m

€788m

€749m

€106m

€746m

Salesby entity

4,000

6,500

9,500

3,700

450

8,000

Workforceby entity

€503m5,400

SpecialistCivil Works

division

38,500 employees2004 sales: €5.5bn

Bouygues ConstructionExecutive Committee

P. FabiéChairman & CEO,Bouygues Batiment Ile-de-France

O-M. RacineCEO, Bouygues Bâtiment International

P. BonnaveCEO, Bouygues Entreprises France-Europe

C. GazaignesCEO, Bouygues Travaux Publics

C. ParadisCEO, Concessions division

G. DesruellesChairman & CEO, ETDE

M. CoteDeputy CEO Y. Gabriel

Chairman & CEO

P. Grangé

Chief Financial

Officer

R. BenarroshFinancial

Engineering

F. JacquelHuman

Resources

J-P. TrinCEO, Specialist Civil Works Division

J-M. Kiviatkowski Legal Affairs

Four strategic priorities for development

Electricity/maintenance: These particularly buoyant markets are

particularly profitable and enable the Group to achieve a better balance in its operations by means of business based on complementary

cycles. Bouygues Construction is on the look-out for external growth opportunities which enable it

to extend the territorial coverage of ETDE in France and/or to acquire complentary technical

skills.

Public-private partnerships:PPP are long-term contracts which generaly

incorporate financing, designing, building, operating and maintaining a building or an

infrastructure. In the past seven years, Bouygues Construction has

become a specialist in these operations.

Four strategic priorities for development

Property development: This sector enables to offer the

customer a full-service solution, or otherwise to devise a construction project on an

existing site requiring development. The Group operates through its subsidiary

Sodéarif in the Paris region, the Cirmad network in the rest of France and in Europe,

and markets this approach in other countries.

Infrastructures concessions:

Bouygues Construction offers expertise in setting up concessions. Its approach consists

in creating new operations which wil generate work for the company in the short term and produce reccurent revenue in the

long term.

Our main assets

A taste for technical challenge

Tangier-Mediterranean harbour - Morocco Construction of a 2 km-long deep-water

harbour using 6,500 Accropode blocks and around forty

28 m-diameter and 35 m-high concrete caissons.

Recognised expertise in complex packaged development projects

British Home Office headquarters - London Construction of the British Home Office in London :

demolition of three office blocks, design-build of the new headquarters, and a 26-year

maintenance contract.

Our main assets

Ability to develop in new areas Assembly plant for the PSA Peugeot-Citroën group in

Slovakia, freight terminal in the Dominican Republic, viaduct in Chile…

Development of new activities Facilities management business: maintenance of

hospitals and schools in the United Kingdom mainly but also in France.

Our commitments

Committed to ensuring that sustainable development

is at the heart of its actions, Bouygues Construction strives to square its ambitions for profitable growth

with its responsibilities in terms of the environment,

human resources, economic development and the improvement of our everyday

surroundings.

Building solutions for a demanding world

Bouygues Bâtiment Ile-de-France provides its clients with a global range of

competencies in five major areas: private-sector new construction, private-sector renovation, public buildings, residential

housing and public housing projects.

The global offering is complemented by Brézillon (industrial civil engineering, environment and

rehabilitation) and Sodéarif and Elan, companies specialised in property

development and project management.

Sales 2004: €1,078 million

Workforce: 4,000The « Maison de Solenn » Paris

Headquarters of the newspaper Le MondeParis

Entities

Operational entities

Bouygues Entreprises France-Europe consists of a network of large regional

subsidiaries of Bouygues Construction in France and Western Europe (United Kingdom,

Belgium, Luxembourg, Switzerland, Spain). They operate in the

construction and civil engineering sectors. The majority of them have their own

property development subsidiaries that are responsible for projects from the design and

finance stage and see them through to delivery.

Sales 2004: €1,706 million Workforce: 6,500

The Saint-Clair development France

The Francisco Ferrer high school -

France

Entities

Active in twenty countries, whether through local subsidiaries or major contracts,

Bouygues Bâtiment International can contribute at every stage of a project,

from development to operation of the completed facilities. Its renowned design-build

expertise is applied to all types of building, including hotels, offices, housing, exhibition

centres, shopping centres and airports.

Sales 2004: €788 million Workforce: 9,500

Sail@Marina Bay towers Singapore

Kiptchak mosqueTurkmenistan

Specialised in tunnels and large-scale civil engineering, Bouygues Travaux Publics

bases its business on highly technical, value-added projects. The company is heavily

deployed outside France, with international business now accounting for 70% of the total.


Tangiers Port

Chi Ma Wan tunnel – Hong Kong

Entities

VSL develops highly specialised prestressedsystems for civil engineering structures and

buildings and cable stay systems for bridges. Highly committed to research and development

programmes, VSL currently holds 35 patents and offers its customers high-added value

technical expertise.


Penny’s Bay – Hong Kong

Bridge across the Neva – Russia

Entities

LGV Est high-speed railway - France

A part of Bouygues Construction’s Specialist Civil Works division, DTP Terrassement

draws on its expertise in earth-moving in projects

ranging from small-scale local sites to the excavation of roads, motorways and high-speed rail links, as well as the operation of

open-cast mines.


A89 motorway- France

Entities

In France and elsewhere, theConcessions division operates the road

infrastructure concession-holding companiesin which Bouygues Construction has a stake.

Development is based on a global approach to the concessions market, which consists of

having a participation in new operations start-ups so as to generate work in the short term

for the company and produce recurring income in the long term.

Receipts 2004: €106 million Workforce: 450

Highway 2000 motorway- Jamaica

Istria motorway - Croatia

Entities

ETDE, Bouygues Construction’s electricalcontracting/maintenance subsidiary, is a

systems integrator-assembler working in France and elsewhere in the fields of electrical,

mechanical and HVAC engineering, communications systems, facilities

management and external networks and facilities maintenance.


HVAC engineering - France

Electrical networks - France

Entities

Prestigious projects for 50 years

Richelieu wing in the Louvre

Channel tunnel

Riyadh University Saoudi Arabia


Grande Arche at La Défense

Hassan II Mosque Morocco

Normandy Bridge


Avignon viaducts - France

French National Library

Orsay museum in Paris


Hong Kong Convention & Exhibition Centre

Stade de France

Grand Hôtel Intercontinental in Paris


Palais des congrès in Paris

Cœur Défense office development - France

Groene Hart tunnel Netherlands

Ile de Ré bridge - France


Cairo metro - Egypt

Budapest multisports complex - Hungary

www.bouygues-construction.com

BUILDING SOLUTIONS FOR A DEMANDING WORLD Bouygues Construction in 2005.

Documents

francis bouygues

bouygues travaux publicsc

road construction

building solutions

employees2004 sales

france andor

core business

gabrielchairman ceo