The new PPT templates for Arcadis

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Results third quarter and first nine months 2005
Harrie Noy, CEO ARCADIS NVNovember 9, 2005
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Excellent third quarter

• Net income 36 net income from operations 46
• Gross revenue growth 7, of which 5 organically
• Strong growth in U.S. environment and in Brazil
• Strong margin improvement 8.0 versus 5.7 last
  year
• Acquisitions/divestments also contribute to
  profit improvement
• Profit outlook for 2005 increased to 30 35

Strategy to improve margins is paying off
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Net income third quarter 2005 6.3 million
? 7 133 36 36 46 46

• Gross revenue
• Ebita
• Net income
• Net income per share 1)
• Net income from operations 2)
• Ditto per share 1,2)
• 2005 based on 20.3 million shares outstanding
  (2004 20.1 million)
• Excluding amortization, pension adjustments and
  non-recurring items consisting of book profits
  and reorganization charges in 2004 and book
  profits in 2005

2005 236 13.0 6.3 0.31 7.5 0.37
2004 221 5.6 4.6 0.23 5.1 0.25
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Net income 9 months 2005 20.8 million
? 6 68 41 40 31 30

• Gross revenue
• Ebita
• Net income
• Net income per share 1)
• Net income from operations 2)
• Ditto per share 1,2)
• 2005 based on 20.3 million shares outstanding
  (2004 20.1 million)
• Excluding amortization, pension adjustments and
  non-recurring items consisting of book profits
  and reorganization charges in 2004 and book
  profits in 2005

2005 692 38.5 20.8 1.03 20.8 1.02
2004 652 22.8 14.8 0.74 15.8 0.79
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Increased focus in portfolio

• Divestments
• Detailed engineering buildings, U.S.
• 50 interest in Grupo EP, Spain
• Renardet/Sauti in donor-funded market
• Book profit in Q2 2.1 million (net)
• Acquisitions
• SWK, Belgium infrastructure
• AYH, U.K. project management
• Greystone, U.S. environment
• Blasland, Bouck Lee, U.S. environment

Per April 1 Mid-June End of June Mid-May
Mid-June End of June End of September
Positive impact on margins
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Major acquisition in the U.S. Blasland, Bouck
Lee

• Gross revenue 170, net revenue 110
• Superior margins
• Leading environmental services provider
• 80 of revenues from industrial clients
• Combined top 5 world player in environment
• Leader in environmental services for industry
• Many opportunities for synergies
• - Services to BBL multinational clients
  globally
• - GRiP approach for BBL clients
• - Client based business model as basis for
  integration

Industrial consultancy
Sediment remediation
Life sciences
7
Organic growth continues at good level
Currency -2 -3
-3 -3 0 Selling
prices - 2
0 1 -1
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Gradual recovery Dutch market

• Slight decline in gross revenues in Q3, but
• Profitability continues to improve due to
  restructuring in 04
• Backlog improved by gt25 compared to year end 04
  
• More work on upgrading rail infrastructure
• Municipal market is picking up
• More PPS/PFI initiatives
• Facility management contract signed with DSM
  Sabic

Dutch operations back on track
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Impact of non recurring items on Ebita
Ebita Reported Non recurring Recurring
Q3
Q3 YTD
2005 13.0 - 13.0
2004 5.6 -/-3.1 8.7
2005 38.5 2.1 36.4
2004 22.8 -/-4.5 27.3
Non recurring items 2004 book profits and
restructuring charges Non recurring items 2005
book profits
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Growth in Ebita first nine months 2005
Ebita
Non-recurring
Organic 19
Acquisitions/divestments 13
Currencies 1
Strong margin improvement from 5.8 to 7.4
68 Reported
33 On recurring basis
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Gross revenue market segments Q3 YTD 2005
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Infrastructure 8 (3)

• Acquisitions contributed 4 (U.S., Poland,
  Belgium)
• Strong growth in Brazil for both private and
  public sector
• Growth in U.S. driven by land development
• European market good in Poland, France, Belgium
• Dutch market recovers contract for prestigious
  Zuid-as Adam

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Environment 11 (11)

• Continued strong growth in U.S. GRiP and
  traditional work
• Contribution from acquisitions 2, off set by
  currency impact
• Acquisition of BBL major strategic step forward
• In Poland, Brazil and Chile growth from private
  sector clients
• Belgium and Germany also demonstrate growth

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Facilities 5 (6)

• Acquisition AYH makes up for earlier divestments
  
• Revenue decline in Q3 lower organic
  growth Q3 YTD
• Less revenue in Q3 caused by shifts in
  subcontracting
• Net revenue increased gt10 organically in Q3
• Facility management contract signed with DSM and
  Sabic

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Geographic distribution of gross revenue
2004
2005
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• Outlook full year 2005
• Most markets are favorable
• European market solid particularly
  Central Europe
• U.S. and Brazilian market strong
• Dutch market gradually recovering
• Most units perform well

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Outlook per market segment

• Infrastructure
• SAFETEA to drive U.S. growth
• In Europe France and Poland good prospects
• Dutch market recovery expected to continue
• Environment
• U.S. strong backlog basis for continued growth
• BBL client base offers international leverage
• Facilities
• AYH good basis for worldwide project consulting
• Project and facility management well established

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Profit outlook 2005 increased

• ARCADIS well positioned in growing markets
• Synergy contributes to growth
• Focus on margin improvement continues
• Synergy and integration BBL have high priority
• Net income from operations 30 to 35 higher
• (barring unforeseen circumstances)

ARCADIS is well on track
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Thank you