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Analyst day – N33

December 9th, 2013

2 Koninklijke BAM Groep nv - <vestiging> - <verkorte titel>

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Presentation

• DBFM N33 – Contractual structure

– Payment mechanism

– Schedule

– Goals and scope

• Organization BAM as one…

• Client relationship

• N33 “in the picture”

Poort van Noord - Project N33 Assen-Zuidbroek

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N33..? Assen?

Poort van Noord - Project N33 Assen-Zuidbroek

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DBFM Contract N33 • Contractual structure

• Financial mechanism

• Schedule

• Scope

• Goals

Poort van Noord - Project N33 Assen-Zuidbroek

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Poort van Noord - Project N33 Assen-Zuidbroek

Typical contractual structure

SPC

D&B contract

DBFM(O)

MTC contract

Lender(s)

Authority

EPC Contractor MTC Contractor

Shareholder(s) Equity documents Credit documents

Interface contract

• Common Terms Agreement • Facility agreement(s) • Inter-creditor agreement • Security documents • Hedging documents • Direct agreements

• Shareholders’ agreement • Articles of association • Subordinated debt

subscription agreement

Poort van Noord - Project N33 Assen-Zuidbroek

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SPV

D&B M&O

Lenders Client

Users Stakeholders

Cooperation

Poort van Noord - Project N33 Assen-Zuidbroek

best value

build design

finance

operations (25 year)

maintenance (25 year)

Poort van Noord - Project N33 Assen-Zuidbroek 8

DBFM

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Poort van Noord - Project N33 Assen-Zuidbroek

CAPEX CAPEX

Gross Availability Payment

Availability certificate

End certificate

Completion certificate

Commence certificate

Financial mechanism

OPEX

operations construction

Milestone Payments

Poort van Noord - Project N33 Assen-Zuidbroek

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Schedule

• Start tender May 2011;

• Prequalification August 2011 (9 consortia);

• Deliver Risk Management plan November 2011;

• Selection 3 consortia December 2011;

• BAFO June / August 2012;

• Selection Preferred Bidder August, 30th 2012;

• Contract close October, 1st 2012;

• Financial close November, 21th 2012;

• Commencement Date: March, 1st 2013

• Availability Date: September 30th, 2014

• Completion Date: December 30th, 2014

• End Date: September 30th, 2034

Poort van Noord - Project N33 Assen-Zuidbroek

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SCOPE N33

• 40 km road enhancement (2 2x2)

• 33 civil structures

• 900.000 m3 soil, sand, etc.

• 350.000 tons asphalt

Poort van Noord - Project N33 Assen-Zuidbroek

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Primary goals Contracting Authority

• Increase safety

• Increase traffic flow

Poort van Noord - Project N33 Assen-Zuidbroek

Safety

Dangerous crossing

Wildervank

Draw bridge

‘Winschoterdiep’

Roundabout

Gieten

Rolde

Stretch

Wildervank

– Veendam

Nr. 6 in thee

top 25

most unsafe

roadparts

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Project goals Poort van Noord

• Satisfied Client

• Satisfied Environment

• Satisfied road users

• Satisfied Poort van Noord

Poort van Noord - Project N33 Assen-Zuidbroek

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Safety during the works for employees and roaduser;

Good accessibility and traffic flow;

Predictability timely and accurate information;

As short and as little as possible nuisance;

Serious attention for environment;

Control risks;

Healthy return;

Good cooperation with client;

Goals Poort van Noord

Poort van Noord - Project N33 Assen-Zuidbroek

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Organization BAM as One…

Poort van Noord - Project N33 Assen-Zuidbroek

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Features (BAM as One) • Shared services

– Similar systems

– Similar procedures

Projectmanagement System 2013

Projectmanagement System 2010

2008 Projectmanagement System

Poort van Noord - Project N33 Assen-Zuidbroek

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Poort van Noord - Project N33 Assen-Zuidbroek

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Similar systems..

1 PMI

Poort van Noord

2 Relatics

3 Sharepoint

4 Primavera

5 Metacom/ Ticon

6 KPI dashboard

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Old situation Assen

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Junction Assen

Junction Assen

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Structure 2, Assen

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Structure 4, Assen

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Assen, Sept 2013

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Junction Veendam

Poort van Noord - Project N33 Assen-Zuidbroek

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Junction Veendam

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Draw bridge

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Draw bridge

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Draw bridge

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Draw bridge

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Draw bridge

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Junction Zuidbroek

Poort van Noord - Project N33 Assen-Zuidbroek

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Junction Zuidbroek

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Junction Zuidbroek

Poort van Noord - Project N33 Assen-Zuidbroek

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