Slide 1: Q1 2025 Results Presentation
Red Sea Wind Energy – 650 MW, Ras Ghareb, Egypt Q1 2025 Results Presentation 28 May 2025
Slide 2: Table of Contents
Table of Contents Section Page Highlights 1 Summary Income Statement 2 Consolidated Backlog 3-5 Pro Forma Snapshot Including BESIX 6 Concessions and Subsidiaries 7 Financial Statements 8-13
Slide 3: Highlights
Highlights ▪ Revenue of USD 847.6 million, EBITDA of USD 54.1 million and net profit attributable to shareholders of USD 25.1 million in Q1 2025 ▪ The Group’s concessions contributed 15% and the subsidiaries across building materials, equipment services and facility management contributed 10% of tot
Slide 4: Summary Income Statement
Summary Income Statement USD million Revenue by Geography – Q1 2025 Q1 2025 Q1 2024 Change Revenue 847.6 766.3 10.6% MEA 518.7 359.8 44.2% USA Egypt USA 328.9 406.5 (19.1)% 38.8% 45.9% EBITDA 54.1 37.8 43.1% MEA 47.0 25.8 82.2% USA 7.1 12.0 (40.8)% Other MEA 15.3% EBITDA margin 6.4% 4.9% MEA margin
Slide 5: Consolidated Backlog
Consolidated Backlog Evolution of Consolidated Backlog (USD Billion) (1) Consolidated ▪ Consolidated backlog increased 20.1% y-o-y Backlog New Awards to USD 8.7 billion in Q1 2025 (2) (2) $8.7 ▪ Consolidated new awards increased 169.1% $8.1 $8.1 y-o-y to USD 1,640.1 million in Q1 2025 $7.6 $6.1 ▪ In
Slide 6: Consolidated Backlog Breakdown – 31 March 2025
Consolidated Backlog Breakdown – 31 March 2025 Backlog by Geography Backlog by Sector Other Commercial 4.5% 10.7% USA 16.0% Industrial 16.1% UAE Infrastructure Egypt 5.5% 73.2% 59.0% KSA 15.0% Backlog by Client Backlog by Currency(1) EGP 14.0% Private 34.8% Public FCY & FCY-priced 65.2% 86.0% (1) 76
Slide 7: Evolution of Backlog by Geography
Evolution of Backlog by Geography Consolidated Backlog by Geography (Excluding BESIX) (1) $6.1 bn $5.5 bn $8.1 bn $7.6 bn $8.7 bn 0.4 0.2 1.4 0.3 1.7 0.5 1.6 0.2 0.6 1.3 0.2 0.6 1.3 1.3 0.2 0.1 5.5 5.1 5.2 4.3 3.8 2021 2022 2023 2024 Q1 2025 Egypt KSA UAE USA Other Note: Backlog/new awards chart exc
Slide 8: Pro Forma Snapshot Including 50% of BESIX – Q1 2025
Pro Forma Snapshot Including 50% of BESIX – Q1 2025 ▪ BESIX’s backlog increased 62.6% y-o-y to EUR 7.8 billion as of 31 March 2025 while new awards increased 12.9% y-o-y to EUR 598.7 million in Q1 2025 ▪ BESIX net cash position of EUR 43.0 million as of 31 March 2025 ▪ BESIX book value of USD 430.1
Slide 9: Concessions, Building Materials, Equipment Services, and Facility Mgmt.
Concessions, Building Materials, Equipment Services, and Facility Mgmt. Concessions accounted for 15% and building materials, equipment services and facility management for 10% of total net profit in Q1 2025 Company(1) Ownership Q1 2025 Revenue Description Operational Concessions ▪ A 650 MW Build-Ow
Slide 10: Financial Statements
Financial Statements 10
Slide 11: Income Statement
Income Statement USD million Q1 2025 Q1 2024 Results Commentary Revenue 847.6 766.3 Revenue: Cost of sales (755.8) (698.8) ▪ Consolidated revenue increased 10.6% y-o-y to USD 847.6 Gross profit 91.8 67.5 million in Q1 2025 Other income 2.8 1.7 ▪ MEA operations comprised 61% of total revenue in Q1 20
Slide 12: Balance Sheet
Balance Sheet USD million 31 Mar 2025 31 Dec 2024 Results Commentary ASSETS Non-current assets Non-current assets ▪ Total equity account investees of USD 467.6 million, out of Property, plant and equipment 147.1 141.8 which BESIX represents USD 430.1 million Goodwill 27.7 27.7 Current assets: Trade
Slide 13: Balance Sheet
Balance Sheet USD million 31 Mar 2025 31 Dec 2024 Results Commentary EQUITY Equity: Share capital 110.2 110.2 ▪ The movement in reserves relates primarily to currency Share premium 467.3 467.3 translation differences Reserves (529.3) (534.0) Liabilities: Retained earnings 604.0 578.0 ▪ Trade and oth
Slide 14: Cash Flow Statement
Cash Flow Statement USD million 31 Mar 2025 31 Mar 2024 Results Commentary Cash flow used in operating activities: Net profit 27.1 49.8 ▪ Operating cash flow of USD 14.1 million in Q1 2025 Adjustments for: compared to USD 303.4 million in Q1 2024. Q1 2024 operating cash flow was led by higher advanc
Slide 15: Cash Flow Statement
Cash Flow Statement USD million 31 Mar 2025 31 Mar 2024 Results Commentary Cash flow used in investing activities: Investments in PPE (13.2) (10.6) ▪ Cash flow used in investing activities of USD 11.9 million in Proceeds from sale of PPE 1.3 0.6 Q1 2025 compared to USD 10.0 million in Q1 2024 Cash f
Slide 16: Important Notice and Disclaimer
Important Notice and Disclaimer This document has been provided to you for information purposes only. This document does not constitute an offer of, or an invitation to invest or deal in, the securities of Orascom Construction PLC (the “Company”). The information set out in this document shall not f
Slide 17: Contact Investor Relations
Contact Investor Relations: Hesham El Halaby Vice President hesham.elhalaby@orascom.com T: +971 4 318 0900 NASDAQ Dubai: OC EGX: ORAS www.orascom.com