Slide 1: STRABAG SE reports its best result to date
STRABAG SE reports its best result to date Full-Year Results 2025 © John Zammit, Absolute Photography
Slide 2: Disclaimer
Disclaimer This presentation is made by STRABAG SE (the "Company“) solely for use at should not be interpreted as having been adopted or endorsed by the Company investor meetings and is furnished to you solely for your information. as being accurate. This presentation contains forward-looking statem
Slide 3: Today's speaker
Today’s speaker Stefan Kratochwill CEO STRABAG SE 3
Slide 4: Highlights 2025
01 Highlights 2025 WORK ON PROGRESS
Slide 5: 2025 – a year of new benchmarks
HIGHLIGHTS 2025 2025 – a year of new benchmarks Output volume exceeds € 20 bn for first time € 20.4 bn Growth across all operating segments +6% vs. 2024 Order backlog grows strongly year-on-year € 31.4 bn Backlog expanded across strategic growth markets +24% vs. 2024 EBIT margin reached new all-time
Slide 6: Infrastructure and industrial construction as backbone of growth
MARKET ENVIRONMENT Infrastructure and industrial construction as backbone of growth Infrastructure Building construction Public vs. private STRABAG more than offsets High structural demand for Positive developments in Shift from private to public declining trends mobility infrastructure upgrad
Slide 7: Focus on growth markets drives order backlog
ORDER INTAKE 2025 Focus on growth markets drives order backlog I+S 1 N+W 2 I+S 3 Water infrastructure project HARP2), replacing six tunnel 1 sections; design & build incl. 25 years of maintenance Turnkey construction of first 2 phase of Innovation Park Artificial Intelligence (IPAI) ~ € 3.0 bn1) N.A
Slide 8: Continued progress in strategy execution
1 IN PROGRESS M&A 2025–YTD 2026 Continued progress in strategy execution STRABAG plans to acquire 100% of UK-listed Van Elle 1 UK EXPANSION Leading ground engineering specialist in the UK Acquisition of Van Elle Key step in building a sustainable presence across the UK ~ € 150 mn revenue (FY
Slide 9: Financial Review 2025
02 Financial Review 2025 STRABAG WORK ON PROGRESS
Slide 10: Output and order backlog at all-time highs
FINANCIAL REVIEW 2025 Output and order backlog at all-time highs Output volume | € mn Output volume by region | % Output exceeds € 20 bn for first time About half of output increase from +6% 7 7 Georgiou acquisition in Australia1) Germany 19,139 19,239 20,424 Austria Growth in existing markets l
Slide 11: Best result to date
FINANCIAL REVIEW 2025 Best result to date EBITDA | € mn EBIT | € mn Net income after minorities | € mn +15% 1,883 1,644 +17% 1,418 1,247 +11% 1,062 880 916 823 631 2023 2024 2025 2023 2024 2025 2023 2024 2025 EBITDA margin of 10.1% (2024: 9.4%) Depreciation and amortisation increased to Solid
Slide 12: Industry-leading balance sheet strength
FINANCIAL REVIEW 2025 Industry-leading balance sheet strength Net cash position | € mn Cash position further increased 3,518 2,905 Extraordinarily high net cash position 2,643 1,937 1,928 Part of net cash being deployed for 1,747 value-accretive M&A in line with 1,335 1,218 1,144 Strategy 2030 4
Slide 13: Cash position strengthened further
FINANCIAL REVIEW 2025 Cash position strengthened further Cash development | € mn Cash-generating business model 1,803 Increased CFO driven by higher cash flow 20 4,323 from earnings and unexpected reduction 3,724 813 410 in working capital Customer prepayments stable year-on-year CFI below exp
Slide 14: Operational Review 2025
03 Operational Review 2025 © Mango Fresh and Creative 14
Slide 15: North + West: Germany drives segment performance
OPERATIONAL REVIEW 2025 North + West: Germany drives segment performance Key Indicators Performance 2025 € mn 2025 2024 Δ% Output volume Output volume 8,531 8,240 4 − Germany Revenue 7,512 7,221 4 Growth driven by major infrastructure and high-tech projects Order backlog 13,414 12,088 11 Local
Slide 16: South + East: Infrastructure momentum in CEE and SEE
OPERATIONAL REVIEW 2025 South + East: Infrastructure momentum in CEE and SEE Key Indicators Performance 2025 € mn 2025 2024 Δ% Output volume Output volume 7,694 7,502 3 − Poland and Czech Republic driving output growth Revenue 7,238 7,124 2 − Austria almost stable despite weak residential market a
Slide 17: International + Special Divisions: UK & Australia lead backlog growth
OPERATIONAL REVIEW 2025 International + Special Divisions: UK & Australia lead backlog growth Key Indicators Performance 2025 € mn 2025 2024 Δ% Output volume Output volume 4,030 3,269 23 − Australia with strongest growth contribution (Georgiou acquisition1)) Revenue 3,945 3,059 29 − Remaining grow
Slide 18: Share & Outlook 2026
04 Share & Outlook 2026 STRABAG WORK ON PROGRESS
Slide 19: Free float considerably expanded
STRABAG SHARE Free float considerably expanded STRABAG share price development Shareholder structure (24 Apr. 2026) | % 175% 2.4 STRABAG ATX STOXX Free float Haselsteiner Family 150% 10.9% → 20% 26.9 UNIQA/Raiffeisen1) +46% Market cap MKAO “Rasperia 125% € 11.3 10.3 bn Trading Limited” 2) Free float
Slide 20: Implications of the Iran conflict
OUTLOOK 2026 Implications of the Iran conflict STRABAG presence in the Middle East Implications for STRABAG No operations in Iran STRABAG Middle East Projects are running (FY 2025): • All projects in the Middle East are operational, under Operations in ~ 1% of Group output enhanced security precauti
Slide 21: 2026 guidance shows clear progress toward 2030
OUTLOOK 2026 2026 guidance shows clear progress toward 2030 Output volume Based on high order backlog and expected contributions from acquisitions ~ € 22 bn EBIT margin EBIT margin 2026 expected in a 5.0%–5.5% range 5.0% – 5.5% STRABAG Net investments continues on its Cash flow from investing activi
Slide 22: Financial calendar 2026
Financial calendar 2026 April June November Annual and Sustainability Report 2025 Annual General Meeting 2026 Trading Statement Publication 7:00 a.m. CEST Begin 10:00 a.m. CEST January-September 2026 Investor and analyst Publication 7:00 a.m. CET conference call 3:00 p.m. CEST 12 28 21 12 28 12 Febr
Slide 23: Contact
Contact Marco Reiter Head of Investor Relations marco.reiter@strabag.com Asmir Music Investor Relations Manager asmir.music@strabag.com Natascha Schulz Investor Relations Manager natascha.schulz@strabag.com investor.relations@strabag.com +43 800 880890 strabag.com STRABAG SE Donau-City-Str. 9 1220 V
Slide 24: Annex
STRABAG WORK ON PROGRESS
Slide 25: Capital allocation policy 2026
ANNEX Capital allocation policy 2026 ≤ € 1.4 bn Shareholder Total CAPEX (cash flow from investing activities) return ~ € 600 mn ~ € 800 mn Maintenance Growth Reliable dividend CAPEX CAPEX Value-accretive M&A – in line with priorities of Strategy 2030 • Dividend policy: Purchase of PPE and M&A 30%–50
Slide 26: Consolidated income statement (excerpt)
ANNEX Consolidated income statement (excerpt) € mn 2025 2024 Δ% Output volume 20,423.95 19,238.80 6 Revenue 18,714.28 17,422.22 7 Changes in inventories/own work capitalised 192.64 221.16 -13 Other operating income 273.18 258.64 6 Construction materials, consumables and services used -11,168.65 -10,
Slide 27: Consolidated statement of financial position (excerpt)
ANNEX Consolidated statement of financial position (excerpt) Assets Equity and liabilities € mn 31.12.2025 31.12.2024 € mn 31.12.2025 31.12.2024 Goodwill and other intangible assets 791.36 584.94 Share capital 118.22 118.22 Rights from concession arrangements 409.89 431.89 Capital reserves 1,732.32