Group structure spans control and service levels
HOCHTIEF Aktiengesellschaft adopted a new Group struc- ture with six divisions from January 1, 2008. The restructuring refl ected the growing importance of the services segment.* The Group is headed by the management holding company with its control and service levels.
Responsibility for the strategic and organizational develop- ment of HOCHTIEF Aktiengesellschaft resides at the control level with the Executive Board and the Group’s corporate centers. These are Procurement, Controlling, Finance/In- vestor Relations, Human Resources, Accounting, Legal, Auditing, Tax, Corporate Development, Corporate Com- munications, Insurance Management and Corporate Govern- ance/Compliance.
The service level provides a range of services for the Group as a whole. The service units are the Personnel Manage- ment Center Europe, the Service Center (services provided for operational units such as Legal, Tax and Accounting), and the occupational safety, health and environmental pro- tection (OSHEP) competence center.
Also directly subordinate to HOCHTIEF Aktiengesellschaft are the two companies HOCHTIEF ViCon and HOCHTIEF Insurance Broking and Risk Management Solutions. These support the capability portfolio of the operational units with innovative solutions and services.
HOCHTIEF Insurance Broking and Risk Management Solutions
The insurance services provided by HOCHTIEF Insurance Broking and Risk Management Solutions span the entire project life cycle: Before, during and after construction, the brokerage insures project risks across the Group, for ex- ample, covering construction work on infrastructure projects, real estate and facilities. As well as insuring risks we face ourselves, we also offer these insurance services to others, including all parties involved in contracting work. Clients, owners and end users can thus purchase cover for risks such as fi re and business interruption both during and after the construction phase.
HOCHTIEF Insurance also provides reinsurance services through subsidiary companies, chiefl y for the HOCHTIEF Americas division. Insurance is provided in this way among other things for construction work and liability risks. The company also transfers best-practice solutions within the Group. In 2008, for example, “subguard” policies against subcontractor default—a tried-and-trusted approach used by Turner in the USA—were adopted by the HOCHTIEF Europe division. This further enhanced the risk management system and substantially strengthened HOCHTIEF’s position in the event of subcontractor insolvency.
The HOCHTIEF insurance activities allow us to keep down insurance costs by covering calculable risks ourselves. HOCHTIEF Insurance additionally generates third-party busi- ness with outside partners.
*For further information, please see pages 92, 101 and 107. HOCHTIEF Americas HOCHTIEF Asia Pacifi c HOCHTIEF Concessions HOCHTIEF Europe HOCHTIEF Real Estate HOCHTIEF Services Corporate Headquarters (management holding company)
Control level (corporate centers) Service level
HOCHTIEF Insuran ce Broking and Risk Management Solutions GmbH HOCHTIEF ViCon GmbH
global presence DURST-BAU L E I G H T O N
For the address and con- tact information of our subsidiaries and associ- ates as well as their busi- ness units, branches and offi ces, please see our website www.hochtief. com.
Information for our Shareholders Management Report Financial Statements and Notes
HOCHTIEF Europe
HOCHTIEF Con struction (Austria, Bulgaria, Chile, Czech Republic, Germany, India, Luxembourg, Poland, Qatar, Romania, Russia, South Africa, Sweden, UK, Ukraine)
HOCHTIEF Global Trade (Germany) HOCHTIEF Procurement Asia (Hong Kong) Streif Baulogistik (Austria, Bulgaria, Denmark,
Germany, Poland, Romania,Russia, Ukraine)
Durst-Bau (Austria)
HOCHTIEF Real Estate
HOCHTIEF Projektent wick lung (Austria, Czech Republic, Germany, Hungary, Poland, Romania, Russia, Switzerland)
HOCHTIEF Property Management (Germany)
aurelis Real Estate (Germany)
HOCHTIEF Services
HOCHTIEF Facility Management (Bahrain, Germany, Greece, Hungary, Ireland, Poland, Switzerland, UK)
HOCHTIEF Energy Management (Germany)
L E I G H T O N L E I G H T O N L E I G H T O N L E I G H T O N L E I G H T O N L E I G H T O N L E I G H T O N
tegrated presentation of all elements and factors yields a clear economic benefit, especially in complex, large-scale projects.
All the corporate units can take advantage of this innova- tive offering—ViCon has been engaged in more than 340 HOCHTIEF projects throughout the Group to date. The company also markets its services externally, such as the new ViCon Implementation and ViCon Management serv- ices. The Implementation module includes all tasks re- quired to successfully introduce virtual construction in a company. The Management service module provides clients with help and support throughout the entire project to en- sure the ViCon services are used effectively, with ViCon acting as a “virtual project monitor.”
Europe, the Americas, Australia, the Asia-Pacific region and the Gulf states. The latest statistics of the Engineering News-Record still rank HOCHTIEF as the world’s most international provider of construction services—a position which also enables us to compensate regional market fluctuations.
Our business activities are determined by innovative serv- ices and market demand. For this reason, we place particu- lar emphasis on sustainability, engaging in projects related to green building, energy efficiency and alternative power generation.
Our services are always tailored to provide custom solu- tions—every project is unique. This requires us, as our clients’ dependable partners, to demonstrate above-aver- age flexibility, show innovative drive and deliver the highest standards of quality.
Further information on the activities of our operational units is available on pages 3 and 4 and on pages 83–109.