The PowerPoint templates of ARCADIS

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Infrastructure, environment, facilities
First quarter results 2006
Harrie Noy, CEO Conference call (web cast), May
9, 2006
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Strong first quarter 2006

• Gross revenues increase 29, of which 9 organic
• Organic growth in all service areas at good level
• Recovery of Dutch market continues
• Net income from operations increases 60
• Outlook for full year 2006 continues to be
  positive

Solid performance across the board
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Income 1st quarter 2006 9.4 million

• Gross revenue
• EBITA
• Net income from operations1)
• Ditto per share1,2)
• Net income
• Net income per share 2)
• Before amortization and non-operational items
• 2006 based on 20.2 million shares outstanding
  (2005 20.3 million)

_ ? _ 29 55 60 60 39 39
Ex.curr. 24 48
2005 223 10.4 5.9 0.29 5.5 0.27
2006 287 16.1 9.4 0.47 7.7 0.38
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Positive market conditions spur growth

• Strong organic growth in U.S., Brazil, Belgium
  and France
• Dutch revenues more than 10 higher
• Growth from acquisitions/divestments 15
• U.S. dollar and Brazilian Reaal higher currency
  effect 5
• Margin improved from 6.4 in Q105 to 7.9 in Q106
• Financing charges 0.9 million higher through
  hedge instrument

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Organic growth increased
Currency -2 -3 -3
-3 1 5 Gain on sale -
2 0 1 -0 -
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Strong growth EBITA (55)
In million
10,4
7
35
13
16.1
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The service areas Infrastructure Environment
Facilities
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Infrastructure
Zuidas prime example of PPP
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Infrastructure

• Slight decline because of divestments
• Currency impact 5
• Good organic growth in almost all countries
• Very strong growth in Brazil
• U.S. market for roads and tunneling is growing
• Dutch market recovery pushed by municipal and rail

Zuidas prime example of PPP
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Environment
Mining drives South American revenues
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Environment

• Revenues doubled, mainly caused by acquisitions
• Currency impact 7 organic growth 12
• Good performance U.S. with traditional and GRiP
  work
• Synergy with BBL and Greystone yields quick
  results
• South America benefits from mining investments
• In Europe, Netherlands and U.K. contribute to
  growth

Charleston Airforce Base Remediation
Mining drives South American revenues
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Facilities
American Express project consulting
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Facilities

• Revenues grow more than 25 also caused by
  acquisition AYH
• Currency 2 organic growth above 10
• Facility management contract DSM Sabic
  contributes to growth
• Increase in almost all countries, except for U.S.
  
• Detailed engineering in Germany was stopped

Facility management contract for DSM and Sabic
American Express project consulting
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Geographic distribution shifts
2005
2006 Q1
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Outlook
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Carbon credits explained

• Biógas partnership in which ARCADIS Logos has
  33.3 stake
• Partnership exploits the Bandeirantes landfill
• Earns carbon credits through biogas installation
• 1 million carbon credits sold for supply in 2006
  and 2007
• Price is fixed at time of delivery
• Price level is based on futures price year-end
  2007
• Biógas expects in total 4 million carbon credits
  until 2013

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Impact of some issues on cost

• ARCADIS has to comply to SOX 404 by end 2006
• Implementation fully underway
• BBL integration priority in 2006
• Process develops favorably with quick synergies
• Expected costs in 2006 related to the above two
  items 3 to 4 million

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Outlook per service area

• Infrastructure
• Recovery Dutch market continues
• Europe economic growth drives investments
• U.S. positive effect SAFETEA high investments in
  Brazil
• Environment
• GRiP solid basis for expansion in V.S.
• In Europe and South America expansion in services
  for industry
• Multinational clients BBL offer ample opportunity
• Facilities
• Facility management contracts contribute to
  growth
• Growing investments in international real estate

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Outlook 2006 positive

• Market conditions are favorable
• Synergy potential offers growth opportunities
• Integration BBL priority for 2006
• Acquisition policy continued, but at lower pace
• Continued growth in revenue and income
• (barring unforeseen circumstances)

ARCADIS had a good start in 2006
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Thank you