Executive Summary

Balfour Beatty (LON:BBY) is a world-class engineering,construction and services group, focused on infrastructure markets which offer significant but stable long-term growth potential. It focuses on creating and caring for essential assets: hospitals, schools, road, rail, utility systems and major structures. The Company employs nearly 35,000 people, who deliver projects that directly improve lives and communities – from hospitals to highways, from railways to water supply systems, schools to power generation and transmission. It builds, upgrades and manages major road systems in the UK, US, Dubai and Asia and is a major player in the development and maintenance of major and regional airports. It is the UK’s leading building and building services company, a leader in the US building market for programme and construction management, and plays a key part in the delivery of affordable housing. The Company provides facilities management for governmental and private customers and has long-term partnerships with a number of utilities companies to upgrade electricity, gas and water systems. The rail business provides high speed electrification and power supply systems, track systems, track components, signalling and plant for network owners across the world. Balfour is a leading participant in the UK’s privately financed project market, financing, building and operating roads, schools, hospitals and other infrastructure.

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