Norway

Peter WågströmMay 29, 2013

May 29, 2013 NCC AB 1

E6 Løsmassetunell, Trondheim

May 29, 2013 NCC AB 2

Growth in Norway

• Fragmented market• Large construction market• Controlled growth with profitability• All business areas must contribute

NCC Norway 2012

May 29, 2013 NCC AB 3

Net sales SEK 8,590 M

Operating profit SEK 147 M

Capital employed SEK 3,590 M

Number of employees 2,090

Construction and civil engineeringIndustrial Development

May 29, 2013 NCC AB 4

Our offices

NCC Construction

NCC Property Development

NCC Housing

NCC Roads

Higher salesNCC in Norway

May 29, 2013 NCC AB 5

0

1 000

2 000

3 000

4 000

5 000

6 000

7 000

8 000

9 000

10 000

2010 2011 2012

Sales, SEK M

Weak earnings trendNCC in Norway

May 29, 2013 NCC AB 6

0

50

100

150

200

250

300

2010 2011 2012

Operating profit, SEK M

Construction and civil engineering market in Norway

NCC Construction Norway

May 29, 2013 NCC AB 7

GDP growth in Norway

May 29, 2013 NCC AB 8

-10

-5

0

5

10

15

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

GDP

Investmentsgovernment

% change compared with preceding year

GDP

Government investments

May 29, 2013 NCC AB 9

May 29, 2013 NCC AB 10

May 29, 2013 NCC AB 11

Fragmented Norwegian market

Total market 2012 NOK 207 billion

Skanska Construction 5.9%Veidekke Construction 5.5%

AF Construction 3.9%NCC Construction 2.5%

Other 82.1%

NCC Construction Norway

May 29, 2013 NCC AB 12

Constructs housing units, commercial properties and infrastructure

Sales 2012: SEK 6,070 M

Operating profit 2012: SEK 74 M

Capital employed 2012: SEK 984 M

1,800 employees

RingeriksbadetØstensjøveien 27

Product mix NCC Construction Norway, sales 2012

May 29, 2013 NCC AB 13

Offices14%

Business centers, etc.

1%

Other21%

Housing 14%

Infrastructure41%

Earthworks6%

Industrial and process facilities3%

Customer mixNCC Construction Norway, sales 2012

May 29, 2013 NCC AB 14

Private customers 37%

Internal in NCC 9%

Municipalities 16%

Government 38%

May 29, 2013 NCC AB 15

NCC Construction Norway Operating profit and operating margin

EBIT %

0

2

4

6

8

10

0

50

100

150

200

250

2008 2009 2010 2011 2012

EBIT SEK M

May 29, 2013 NCC AB 16

NCC Construction NorwayOrder backlog

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

2008 2009 2010 2011 2012

SEK M

Housing units

May 29, 2013 NCC AB 17

NCC constructs on both a proprietary and contract basis

Notable ongoing projects:

Sanz Terasse, Stavanger

Tou Park, Stavanger

Meto II, Bryne

Lilleborg C1, Oslo

Public premises

May 29, 2013 NCC AB 18

Construction and refurbishment of public buildings – schools, hospitals and nursing homes

Virtual Design and Construction (VDC) and internal competency center

Use of the BREEAM environmental classification system

Notable ongoing projects:

Bergsodden sykehjem

Haukåsen Barnehage

Finnsnes ungdomsskole

Fusdalbråten Botiltak

Haukåsen Barnehage, Trondheim

Commercial properties

May 29, 2013 NCC AB 19

Construction and refurbishment of modern office buildings

Environment in focus

A number of BREEAM projects

Virtual Design and Construction (VDC) – a central tool

Notable ongoing projects:

Østensjøveien 27

Bekkestua senter

Schweigaardsgate 16

Sandstuveien 70

Rosenlund Bydelssenter ASSandstuveien 70, Oslo

Infrastructure

May 29, 2013 NCC AB 20

Leader in development, construction and refurbishment of all types of civil engineering projects

Many large and small projects for private and public customers every year

Roads, railways, bridges, docks, tunnels, industrial and power plants, as well as sporting facilities

Special expertise

Notable ongoing projects:OSL, E18 i Østfold, Jernbaneparsell Larvik– Porsgrunn, Lavik Ferjekai, Løsmassetunellenand Dalsfjordsambandet

OSL, Central building west

Expert competencies

May 29, 2013 NCC AB 21

VDC/BIM (Virtual Design and Construction)

Internal competency center• Concrete

• Steel

• Prefab

• El

• Heating, ventilation and sanitary installations

• Geotechnology

• Project engineering

Environmental department; planning, construction phase and use

Purchasing department; purchasing in Norway, Nordic region and internationally

Safety at the worksite – the most important priority in Norway

May 29, 2013 NCC AB 22

Prioritized areas

Safety culture

Attitudes and behaviors

Prioritized high-risk areas

May 29, 2013 NCC AB 23

Strategy for NCC Construction Norway 2013-2015

Good workplaceEfficient productionHigh customer satisfaction

Top 3 in Norway

Stable profitabilityOverall target

Vision

Philosophy

Must win battles 2013

Develop a transparent and learning culture – One NCC Practise our values | Help improve each other

Customer’s first choice

� Segmentation

� Customer focus – NPS

� One NCC

Cash flow

� Proactivity

� Money in the bank

Best talents

� Attractive workplace

� Competency development

� Recruitment

Finally, some ongoing projects...

May 29, 2013 NCC AB 24

May 29, 2013 NCC AB 25

Blomstertunet, Bergen

May 29, 2013 NCC AB 26

Stavanger Business Park

May 29, 2013 NCC AB 27

FV456, Kristiansand

May 29, 2013 NCC AB 28

Snow-melting facility

Summary

May 29, 2013 NCC AB 30

Favorable sales growth 2012

Order backlog was SEK 2.7 billion higher at the beginning of 2013 compared with 2012

A number of company acquisitions

Improved market position

Continued growth in Q1 2013 but weak earnings