1. Merrill Lynch Global E&C/ Infrastructure Conference
May 15, 2007

2. Forward-Looking Statement Disclaimer
Statements included in this presentation that are not based on historical facts are “forward-looking statements”, as that term is defined in the private Securities Litigation Reform Act of Although such statements are based on management’s current estimates and expectations, and currently available competitive, financial and economic data, forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause the results of the Company to differ materially from what may be inferred from the forward-looking statements. When used in this presentation, words such as “anticipate,” “estimate,” “expect,” “seeks,” “intend,” “plan,” “believe,” and similar words are intended in part to identify forward-looking statements. Some of the factors that could cause or contribute to such differences are listed and discussed in Item 1A - Risk Factors of the Company’s most recent Annual Report on Form 10-K for the period ended September 30, That list is not all-inclusive, and the Company undertakes no obligation to release publicly any revisions or updates to any forward-looking statements that are contained in this presentation. Readers of this presentation are encouraged to read carefully the Company’s most recent Annual Report on Form 10-K for the period ended September 30, 2006 (including discussions contained in Items 1 – Business, 1A - Risk Factors, 3 – Legal Proceedings, and 7 - Management’s Discussion and Analysis of Financial Condition and Results of Operations contained therein) and other documents the Company files from time to time with the United States Security and Exchange Commission (“SEC”) for a further description of the Company’s Risk Factors.

3. Strategies to Maintain Growth
Remain committed to our relationship business model
Market and service diversity
Multidomestic strategy
Acquisitions
Cost discipline

4. Our Relationship-Based Business Model
Delivers measurable value
Optimizes customers’ ROI
Sustains relationships for the long term
Minimizes volatility in contracts/pricing
Reduces risk
Slide 11
Our Model
Industry Model
Preferred
Relationships
Discrete
Projects
Transactional
Projects
Discrete
Projects
Preferred
Relationships
Transactional
Projects
Slide 12

5. Our Relationship-Based Business Model: How It Works
Slide 13
Slide 14

6. Revenue by Market
Revenue for twelve months ended 3/31/01: $3.7 Billion
Revenue for twelve months ended 3/31/07: $8.0 Billion
Pulp & Paper, High Tech, Food & Consumer Products 7%
Chemicals
17%
Pulp & Paper, High Tech, Food & Consumer Products 19%
PharmaBio 10%
Chemicals 19%
Oil & Gas (Upstream) 14%
Pharma Bio 16%
Petroleum 10%
National Gov’t. 18%
Infrastructure 6%
National Gov’t. 18%
Buildings 12%
Buildings 5%
Petroleum (Downstream) 21%
Infrastructure 8%

7. Project Lifecycle Services7%
Consulting
Project Services
42%
Slide 9
Construction
Percent Revenues
Operations & Maintenance
41%
10%
Service Lifecycle
Slide 10

8. Multidomestic Strategy
1994
2007
Slide 15
Slide 16

9. Acquisitions Dedicated, systematic review of opportunities
Tuck-in or bolt-on capabilities
Patience: right company at right price
Last 20 Years of Acquisitions
Adding Scale and
Capabilities
Deepening/Expanding
Market Diversity
2007 YTD
Acquisitions
26 acquisitions
19 countries
PharmaBio
Pulp & Paper
Buildings
Infrastructure
Defense and Aerospace
Upstream Oil & Gas
Linder
Edwards and Kelcey

10. Driving Down the Costs

11. Case Studies University of California, Davis Medical Center
CM for neo-natal intensive care unit and surgery area
2.9 million workhours without a safety incident
$6 million in client- approved value engineering savings
Growing market—a leading provider in U.S. and Europe

12. Case Studies BP Project Resolution
Fast-track project for mercaptans removal
Full EPCM services
Multi-office execution
Over 500,000 workhours with no lost-time incidents

13. Case Studies Eli Lilly Long-term relationship
Design, modular fabrication, construction management
Modular technology cut 33 months from various project schedules
Received Lilly’s 2005 Global Supplier Award

14. Case Studies Florida Turnpike Enterprise TEAM Turnpike contract
Maintenance and traffic operations engineering
New $57 million design- build contract to widen Sawgrass Expressway
One of the few fully contracted highway maintenance organizations in the nation

15. Case Studies NASA Johnson Space Center
NASA's Manned Space Flight Center
New Lunar/Mars program design, develop and test flight hardware
Growing contract - over 1,600 people, over $1B final value

16. History of Consistent Earnings Growth25 20 15 10 5
Net Earnings ($ Millions)
5-Year Compound Annual Growth Rate
* Before special, one-time charges
** Trailing twelve months to 3/31/07

17. History of Consistent Backlog Growth
Technical Professional Services Backlog
Total Backlog
10.7
9.1
8.2
7.2
6.7
6.5
5.9
5.8
Backlog ($ Billions)
4.6
4.4
4.5
4.3
3.6
2.9
3.0
3.2
2.8
2.4
2.0
1.7
1.0
0.9

18. Second Quarter Financial Highlights
The company completed a 2-for-1 stock split on March 15, 2007
Record diluted EPS of $0.55
Record earnings of $67.2 million
Record backlog of $10.7 billion
Strong balance sheet
Net cash (cash less bank debt) balance of $411.2 million
FY07 guidance of $2.10 to $2.25

19. Investor Appeal Unique customer-driven business model
Diversified markets/geographies/services
Strong balance sheet
15 percent average annual EPS growth rate

20. Merrill Lynch Global E&C/ Infrastructure Conference
May 15, 2007