Bouygues Stock

Bouygues SA offers products and services in various industries, such as telecommunications, media, utilities, and construction. The company offers mobile communications services to approximately 6.5 million customers in metropolitan France. The company principally operates in 80 countries. The company’s operations are principally concentrated in Europe, America, and Middle East, principally in China and Turkey.

The company’s business activities focus on two sectors: Construction and Telecoms/Media.

CONSTRUCTION SECTOR

The Construction sector includes building and civil works and electricity (Bouygues Construction), property (Bouygues Immobilier) and roads (Colas).

Bouygues Construction

Bouygues Construction offers its clients services all along the project value chain: analysis of needs, financial and technical engineering, packaged development, design, turnkey projects, construction, maintenance, operations globally.

Bouygues Construction operates in building, civil works, electrical contracting and maintenance around the world. The company offers its services to complementary entities, including Bouygues Batiment Ile-de-France, Bouygues Entreprises France-Europe, Bouygues Batiment International, Bouygues Travaux Publics, VSL, DTP Terrassement, Concessions, and ETDE. The group operates mainly in the European Union, Central and Eastern Europe, Asia-Pacific, and Africa.

The company’s major projects under way or completed include the tunnels of Groene Hart in the Netherlands and Ferden in Switzerland, West and Central Middlesex hospitals, the Home Office in the UK, the Budapest Sports Arena in Hungary, various luxury tourist complexes in Cuba, the Caucedo container terminal in the Dominican Republic, ‘Highway 2000’ in Jamaica, Masan Bay bridge in South Korea, the Lok Ma Chau tunnels and International Exhibition Centre in Hong Kong, the new Tangier Mediterranean port in Morocco, etc.

Electrical contracting and maintenance: ETDE has three lines of business with a substantial services component: utility networks, which engages in the design, engineering, construction and maintenance of networks for local authorities, EDFGDF, industry, motorway companies; electrical and HVAC engineering, which engages in the design, construction and maintenance of facilities for the industrial and services sector, transport and environmental infrastructure; facilities management, which services for the occupants of buildings and maintenance of the facilities needed to operate them (soft and hard FM).

Bouygues Immobilier

Bouygues Immobilier is the company’s property development company. All its property development activities have been carried out under the single brand name Bouygues Immobilier. It serves businesses, institutional investors and private individuals, Bouygues Immobilier's activities encompass residential, corporate and commercial property, business parks, and urban development.

Residential property: Residential property activity ranges from residences of some fifteen apartments and housing estates to large-scale complex projects covering various hundred housing units. In order to ensure better market coverage, Bouygues Immobilier continued to extend its geographical reach outside the Paris region and in Europe, opening new offices in Perpignan, La Rochelle and Brussels. In October 2004 Bouygues Immobilier also acquired Societe Lyonnaise pour la Construction (SLC-Pierre-Eugene Pitance), a top-end property development company with a strong presence in the Rhone-Alpes region.

Corporate and commercial property, business parks: Bouygues Immobilier has built approximately 1,578,000 square meters of offices and business premises in Europe. In 2004, it delivered the head offices of Le Monde, Ipsos and CNAM in Paris, the Grand Horizon building in the Euromediterranee district in Marseille and the Magellan tower in Lisbon. It has also started work on the Exaltis tower, the last new office block to be built in La Defense, and on business parks in Braga (Portugal), Alcala de Guadaira (Seville, Spain) and Beaucaire (Gard, France).

Urban development: Bouygues Immobilier has carries urban development schemes combining private or social housing, shops, offices and public amenities. Projects include the llkirch development scheme in Alsace, Carrefour Pleyel hypermarket in St-Denis, ‘O Vert’ project in Bussy Saint-Georges and Corentin-Celton housing programme in Issy-les-Moulineaux (Paris region). The process is brought to partners, such as architects, design offices, companies, etc., and external participants, such as elected representatives, local authorities, French Listed Buildings Office - Batiments de France.

Sustainable development: the company’s projects targeted at meeting different criteria of the High Environmental Quality approach (HQE ). In addition to implementing the HQE approach, Bouygues Immobilier in 2004 set up and developed the ‘Act Green’ drive for its housing projects. ‘Act Green’ is a guide that outlines best practice at each construction stage from a sustainable development viewpoint and that focuses especially on water and energy conservation. An ‘Act Green’ project involving a 193-apartment residence in Carrieres-sous-Poissy (Paris region) has been on sale since the end of 2004.

Bouygues Immobilier has 23 regional offices in France and also operates in Europe through its subsidiaries in Spain (Madrid, Barcelona and Valencia), Germany (Frankfurt), Portugal (Lisbon), Poland (Warsaw), and Belgium (Brussels).

Colas

The company, through its subsidiary Colas, operates in the construction and maintenance of transport, urban development and leisure infrastructure. It operates in approximately 40 countries worldwide through 1,200 locations. Colas operate in two areas: construction and maintenance of roads and upstream of these activities.

Construction and maintenance of roads includes construction and maintenance of roads, motorways, airport runways and port, industrial and logistics platforms, car-parks, reserve lanes for public transport, sports tracks, racing circuits, recreational facilities, etc.

Upstream of these activities include major industrial production and recycling of building materials, which are used for its own projects or sold to third parties. 535 quarries and gravel pits, 165 emulsion plants and 607 asphalt mixing plants respectively supplied 96.2 million tonnes of aggregates, 1.4 million tonnes of emulsion and 52.6 million tonnes of asphalt mix in the course of 2004.

Road-related fields: Colas also operates in road-related fields signs and signals, safety and traffic management; waterproofing, cladding and roofing; civil engineering, pipes, mains and electricity; building; railway works (rail and tram track); and services and concessions. The company offers its public and private clients products and services.

Safety and signaling: The safety and signalling business includes the manufacture, installation and maintenance of safety equipment (guard rails, warning signs), signaling devices (signs, trailers, painting and marking) and traffic management (traffic lights).

Pipes and mains: The business includes the laying and maintenance of pipes and mains (large diameter pipes for carrying oil and gas, smaller diameter pipes for water, gas, electricity, heating, telecommunications, etc.), deep drilling, boring of micro-tunnels and medium diameter tunnels, small-scale civil works and industrial services.

Waterproofing: The waterproofing business includes the production and marketing of waterproofing membranes in France and on international markets, illumination and smoke extraction devices, the installation and maintenance of servo controls, road surface waterproofing (asphalt), and waterproofing and casings for buildings, offices and industrial plants (aluminium, steel).

Rail: The rail business concerns the construction and maintenance of rail networks (conventional track, high-speed train lines, tramway and underground lines).

Markets: the company offers its products and services in France, North America, Europe, Africa/Indian Ocean/Asia, and French overseas departments.

TELECOMS - MEDIA

The Telecoms-Media sector covers TV (TF1) and telecommunications (Bouygues Telecom).

TF1

The company, through its subsidiary TF1, operates as an integrated media group, which is developing activities on high-growth markets around its core business. TF1's activities cover the entire audiovisual sector, upstream, in audiovisual and cinema production, the acquisition and sale of audiovisual rights, and theatrical distribution; and downstream, in the publishing and distribution of video cassettes, DVDs and audio CDs. It has also branched into home shopping with its Teleshopping programme.

In addition, TF1 has spin-off products, including phone-based services, board games, content and Web sites. Backed by the development of online and Internet services, TF1 has become a multimedia content provider via its subsidiary e-tf1, which produces, develops and publishes interactive content and services for fixed and mobile Internet networks. TF1, which is France's major free-to-air TV channel, is also developing its pay-TV business through the digital platform TPS, in which it has a 66% stake, and theme channels which have become key components of the cable, ADSL and satellite offering in France.

TF1 has developed a number of production companies to provide its channels with programmes (TF1 Film Production, Glem, TF1 Publicite Production, Alma, TAP, Yagan and Studios 107), covering all types of output, from films and entertainment to short features, documentaries and fiction.

Sportitalia: The sports channel Sportitalia was launched in Italy in February 2004. A free-to-air channel broadcast on the analogue network, it is watched by approximately 9 million viewers a week and has successfully established itself in Italy's audiovisual landscape.

Eurosport, a wholly owned subsidiary of TF1, is received by approximately 98 million households in 54 countries. It is pan-European sports channel that covers approximately 100 sports disciplines, as well as major international sporting events. LCI, La Chaine Info, wholly owned by TF1, is France's major rolling news channel. It has approximately 5.3 million subscriber households during 2004. Odyssee is wholly owned by TF1, operates as a documentary channel on cable and satellite, with 2 million subscribers during 2004.

TV Breizh (in which TF1 has a 71% stake), is a general-interest channel broadcast round the clock and received by 4.4 million subscribers. In 2004, TV Breizh extended its offering to include more children's programs, films, drama, news, and events. TF6, launched in December 2000 under a 50-50 joint venture between TF1 and M6, is a mini general-interest channel, which has become one of France's major theme channels. TF6 is received by 2.7 million households during 2004. Histoire, a 100% owned TF1 subsidiary has 4 million subscribers.

Tfou broadcasts original programs and interactive games. Produced by e-tf1, the channel is received by 1.3 million subscribers. TPS owns and broadcasts various channels, covering genres like films, sport and children's programmes: TPS Star, TPS Premium Channel, TPS Cinestar, TPS Home Cinema, TPS Cinefamily, TPS Cinextreme, TPS Cineculte and TPS Cinetoile cinema channels; Infosport sports channel; Piwi, Teletoon, Teletoon+1 and Eureka! children's programmes; Multivision pay-per-view service; interactive services like the Programme Guide, Meteo Express weather channel, Bandiagara children's game channel and TPS&Vous customer channel.

Bouygues Telecom

Bouygues Telecom operates in the mobile phone market with a customer base of approximately 7.5 million in 2004, including 4.9 million contract customers, it is pursuing its ambition of becoming the ‘preferred brand of mobile services’ to further improve its customer service. Bouygues Telecom's contract plans are based on its mainstream Reference and Integral plans and mini-contracts for small-scale users. In September, Bouygues Telecom introduced its Liberte plans which offer an additional 10 hours of free calls to any operator. Bouygues Telecom also offers a range of handsets that can send MMS messages and take photos.

Telecom has two distribution subsidiaries: Reseau Club Bouygues Telecom (RCBT), which coordinates the 450 boutiques in the network of Bouygues Telecom Clubs which, covering the whole country, develop close customer relations; Teleciel, which is a wholesale distributor of telecommunications products and services. It supplies handsets and recharge cards to a network of 1,800 sales outlets.

In 2004 the company launched, the Liberte contract, a service to offer extra minutes free of charge for calls to all networks. Equally dynamic in the prepay segment, it introduced handsets with built-in cameras. Bouygues Telecom customers can use their mobiles in approximately 150 countries. The corporate Market division, which is developing mobile multimedia in the business environment with smart PDAs and i-mode, has a customer portfolio that includes Danone, Volkswagen, EDF, ESF and Geodis.

Other services

Bouygues SA provides general services to businesses in areas such as finance, communication, new technologies, insurance, legal affairs, human resources.

Significant changes

In 2004, the company discontinued Saur’s business. Precviously, Saur provided delegated water and sewage services, Saur France supplied drinking water and treats wastewater for 6 million people in 7,000 communities.

Competition

The company’s principal competitors in the construction, infrastructure concessions and roadbuilding sectors include Bouygues, Vinci, and Eiffage. The company’s competitors in the engineering news record (ENR) market include Skanska (Sweden), Hochtief (Germany), Vinci (France), and Bechtel (USA).

History

Bouygues SA was founded by Francis Bouygues in 1952.