![Page 1: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/1.jpg)
1
Annual Shareholders’ MeetingStockholm, 30 mars 2006
![Page 2: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/2.jpg)
2
Address by the CEO
Stuart GrahamPresident and CEO
![Page 3: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/3.jpg)
3
Home markets
Latin America
United StatesSweden
Norway
Poland
SlovakiaHungary
Czech Republic
United KingdomFinland
Denmark
Estonia
Sweden USA
Europe
Nordic
Other
![Page 4: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/4.jpg)
4
Infrastructure development
Commercial development
Residential development
Construction
Business streams
Revenue
Share of group
Operating income
![Page 5: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/5.jpg)
5
Infrastructure development
Commercial development
Residential development
Construction
“Outperform” targets
Operating margin
Return oncapitalemployed
3.3% 10%
18% 15% 16%
![Page 6: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/6.jpg)
6
Yelena Isinbayeva – 18 World records 2003–2005
Outperform… all the time
![Page 7: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/7.jpg)
7
Qualitative targets − the four “Zeros”Zero loss-making projects Zero environmental incidents
Zero work site accidents Zero ethical breaches
![Page 8: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/8.jpg)
8
Integration
![Page 9: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/9.jpg)
9
Integration
Common procedures 54 000 employees
Risk managementTraining
Sharing of knowledge
![Page 10: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/10.jpg)
10
The future of Skanska
![Page 11: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/11.jpg)
11
Construction
25.61.41.5
108.02004
−56.1Return on capital employed, %3.32.5Operating margin, %−2.9Operating income−116.0Revenue
Target 20072005SEK bn
![Page 12: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/12.jpg)
12
18.49.10.55.8
2004
18.023.8Return on capital employed, %10.010.0Operating margin, %−0.6Operating income−6.1Revenue
Target 20072005SEK bn
Residential development
![Page 13: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/13.jpg)
13
* over nine years business cycle11.01.65.6
2004
15.0*16.7Return on capital employed, %−1.7Operating income−5.1Revenue
Target 20072005SEK bn
Commercial development
![Page 14: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/14.jpg)
14
11.01.5
2004
16.036.0Return on capital employed, %−2.5Capital employed
Target 20072005SEK bn
Infrastructure development
![Page 15: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/15.jpg)
15
Infrastructure development(SEK bn)
Invested capital 2.5
Estimated market value 5.2
Unrealized development gain 2.7
![Page 16: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/16.jpg)
16
ConstructionRamp-up
Steady state
Infrastructure development Value creation
Cash flow for 20−35 years
Discount rate
Net Present Value
![Page 17: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/17.jpg)
17
18.0Target 2007
22.4Return on equity, %Actual 2005The Group
![Page 18: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/18.jpg)
18
Earnings and dividend per share
Extra dividend per share
Earnings per share
Dividend per share
0
2
4
6
8
10
2003 2004 2005*
4.50
2.00
SEK
* Proposed by the Board of Directors
![Page 19: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/19.jpg)
19
Industrialization
![Page 20: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/20.jpg)
20
“Modern houses” − interior
![Page 21: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/21.jpg)
21
Purchasing
Organize
Find best supply
Take cost out of supply chain
2005 2010
Cost
![Page 22: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/22.jpg)
22
2006 strategy − the same
“Outperform” targets
4 zeros
People development
![Page 23: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/23.jpg)
23
Market outlook
Commercial development
+
−
Construction
+
−
Residential development
+
−
Infrastructure development
+
−
![Page 24: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/24.jpg)
24
Passion, expertise and teamwork
![Page 25: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/25.jpg)
25
This is where we make our money!
![Page 26: Annual Shareholders’ Meeting Stockholm, 30 mars 2006 · Yelena Isinbayeva – 18 World records 2003–2005 Outperform… all the time. 7 Qualitative targets](https://reader033.vdocuments.site/reader033/viewer/2022050212/5f5e52ed3e507f3fa34e1532/html5/thumbnails/26.jpg)
26