Koninklijke Bam Groep Nv · EURONEXT:BAMNB
Koninklijke Bam Groep Nv — Royal BAM Group — H1 2026 Earnings Presentation
17 slides from Koninklijke Bam Groep Nv's earnings presentation, Jul 30, 2026
Slide 1: First half-year 2026 results
First half-year 2026 results BAM reports 36% increase in adjusted EBITDA to €240 million Royal BAM Group nv Amsterdam, the Netherlands, 30 July 2026 Ruud Joosten Henri de Pater CEO CFO
Slide 2: Disclaimer
Disclaimer • This presentation contains ‘forward-looking statements’, based on currently available plans and forecasts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future, and B
Slide 3: A landmark cross-border bridge connecting Northern Ireland and Ireland
Royal BAM Group nv A landmark cross-border bridge connecting Northern Ireland and Ireland across Carlingford Lough, improving connectivity and supporting regional economic growth. H1 2026 Results 3
Slide 4: Key points first half-year 2026
Key points first half-year 2026 36% increase in Adjusted EBITDA to €240 million in first half-year 2026 Revenue Adjusted EBITDA • Revenue increased by 3% versus H1 2025 2025 H1 2025 H1 • Adjusted EBITDA was €240m, reflecting a €3,494m €3,380m €240m €176m margin of 6.9% (H1 2025: 5.2%) • Net result i
Slide 5: Division Netherlands
Division Netherlands Royal BAM Group nv H1 2026 Results New stairways connecting the future bus station with the railway station below, improving passenger flows at Schiphol's multimodal transport hub 5
Slide 6: Performance division Netherlands
Performance division Netherlands Strong increase of adjusted EBITDA in the first half-year 2026 (in € million, unless otherwise indicated) H1 2026 H1 2025 • Revenue increased by 3% to €1.7bn Adj. Adj. Revenue Revenue EBITDA EBITDA • Adjusted EBITDA €138m (H1 2025: €110m), reflecting Construction and
Slide 7: Division United Kingdom and Ireland
Division United Kingdom and Ireland Royal BAM Group nv H1 2026 Results Darlington station expansion featuring new platforms, improved accessibility and enhanced passenger facilities 7
Slide 8: Performance division United Kingdom and Ireland
Performance division United Kingdom and Ireland Adjusted EBITDA increased by 48% in first half-year 2026 (in € million) H1 2026 H1 2025 • Revenue increased by 4%, supported by sustained high Revenue Adj. Revenue Adj. activity levels in Construction UK and Ireland EBITDA EBITDA Construction UK 551 21
Slide 9: Financial review
Financial review Royal BAM Group nv H1 2026 Results A distinctive residential tower delivering 103 apartments as part of the transformation of Amsterdam's former prison site into a sustainable urban neighbourhood 9
Slide 10: Income statement
Income statement Adjusted EBITDA of €240 million (+36%), and net result of €127 million (+25%) in first half-year 2026 (in € million) H1 2026 H1 2025 • Adjusted EBITDA increased by 36% to €240m from Division Netherlands 138 110 €176m, driven by a 3% revenue increase and an Division United Kingdom an
Slide 11: Cash flow
Cash flow Cash and cash equivalents of €715 million (30 June 2026) (in € million) H1 2026 1 H1 2025 1 • Cash and cash equivalents totalled €715m Cash flow from operations 211 151 Working capital -150 -266 • Cash flow from operations of €211m Provisions and pensions 7 -20 Net cash flow from operating
Slide 12: Financial position
Financial position Solid liquidity position and solvency (in € million, unless H1 2026 FY 2025 H1 2025 otherwise indicated) Liquidity position 715 883 501 • Net cash position lower versus year-end 2025 Interest-bearing debt -119 -91 -93 Net cash position ̶ Reflects normal seasonal pattern 596 792 40
Slide 13: Looking ahead
Looking ahead Royal BAM Group nv H1 2026 Results The Hague Police Headquarters, bringing 2,200 law enforcement officers and staff together in a flexible and sustainable workplace 13
Slide 14: Order book and market trends
Order book and market trends Order book maintained at high level of €12.6bn Order book development • Order book maintained at high level of €12.6bn (In € million) - Increase of 7% in the division Netherlands, driven by strategic project 8000 wins and development acquisitions 7000 6000 - Decrease of
Slide 15: Outlook 2026
Outlook 2026 • BAM expects to deliver an adjusted EBITDA margin of at least 6.5% Royal BAM Group nv H1 2026 Results 15
Slide 16: Key points first half-year 2026
Key points first half-year 2026 36% increase in Adjusted EBITDA to €240 million in first half-year 2026 Revenue Adjusted EBITDA • Revenue increased by 3% versus H1 2025 2025 H1 2025 H1 • Adjusted EBITDA was €240m, reflecting a €3,494m €3,380m €240m €176m margin of 6.9% (H1 2025: 5.2%) • Net result i
Slide 17: Contact
Contact Michel Aupers (Investor Relations) Runnenburg 9 PO Box 20 +31 (0)30 659 89 88 3981 AZ Bunnik 3980 CA Bunnik ir@bam.com The Netherlands The Netherlands www.bam.com Royal BAM Group nv H1 2026 Results 17