Slide 1: H1 2025 Results Presentation
Red Sea Wind Energy – 650 MW, Ras Ghareb, Egypt H1 2025 Results Presentation 27 August 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 1,955.9 million, EBITDA of USD 139.4 million and net profit attributable to shareholders of USD 82.7 million in H1 2025 ▪ Financial results reflect stronger operations, improved BESIX performance, and the favorable evolution of legacy legal cases ▪ Consolidated backlog of
Slide 4: Summary Income Statement
Summary Income Statement USD million Revenue by Geography – H1 2025 H1 2025 H1 2024 Change Q2 2025 Q2 2024 Change Revenue 1,955.9 1,477.4 32.4% 1,108.3 711.1 55.9% MEA 1,155.3 681.2 69.6% 636.6 321.4 98.1% USA 800.6 796.2 0.6% 471.7 389.7 21.0% USA Egypt 40.9% 44.4% EBITDA 139.4 68.0 105.0% 85.2 37.
Slide 5: Consolidated Backlog
Consolidated Backlog Evolution of Consolidated Backlog (USD Billion) (1) Consolidated Backlog New Awards ▪ Consolidated backlog increased 24.0% y-o-y to a record USD 9.6 billion in H1 2025 $9.6 ▪ Consolidated new awards increased 69.2% y- (2) o-y to USD 1.8 billion in Q2 2025 and 106.0% $8.1 $7.7 $7
Slide 6: Consolidated Backlog Breakdown – 30 June 2025
Consolidated Backlog Breakdown – 30 June 2025 Backlog by Geography Backlog by Sector Other Commercial 3.8% 9.7% USA Industrial 27.6% 21.3% Egypt Infrastructure 53.0% 69.0% UAE 4.0% KSA 11.6% Backlog by Client Backlog by Currency(1) EGP 11.7% Private 41.2% Public FCY & FCY-priced 58.8% 88.3% (1) 78%
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 $9.6 bn 0.4 0.2 2.6 0.3 1.7 1.6 0.4 0.2 0.6 1.1 0.2 0.6 1.3 1.3 0.2 0.1 5.5 5.1 5.1 4.3 3.8 2021 2022 2023 2024 H1 2025 Egypt KSA UAE USA Other Note: Backlog/new awards chart exc
Slide 8: Pro Forma Snapshot Including 50% of BESIX – H1 2025
Pro Forma Snapshot Including 50% of BESIX – H1 2025 ▪ BESIX’s backlog increased 9.9% y-o-y to EUR 7.5 billion as of 30 June 2025 while new awards totaled EUR 820.3 million in Q2 2025, bringing total new awards to EUR 1.4 billion in H1 2025 ▪ BESIX net cash position of EUR 41.0 million as of 30 June
Slide 9: Concessions, Building Materials, Equipment Services, and Facility Mgmt.
Concessions, Building Materials, Equipment Services, and Facility Mgmt. Concessions accounted for 10% and building materials, equipment services and facility management for 12% of total net profit in H1 2025 Company(1) Ownership H1 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 H1 2025 H1 2024 Q2 2025 Q2 2024 Results Commentary Revenue 1,955.9 1,477.4 1,108.3 711.1 Revenue: Cost of sales (1,753.3) (1,336.3) (997.5) (637.5) ▪ Consolidated revenue increased 55.9% y-o-y to USD Gross profit 202.6 141.1 110.8 73.6 1,108.3 million in Q2 2025 and 32.4
Slide 12: Balance Sheet
Balance Sheet USD million 30 June 2025 31 Dec 2024 Results Commentary ASSETS Non-current assets Non-current assets ▪ Total equity account investees of USD 521.4 million, out of Property, plant and equipment 155.6 141.8 which BESIX represents USD 446.0 million Goodwill 27.7 27.7 Current assets: Trade
Slide 13: Balance Sheet
Balance Sheet USD million 30 June 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 (513.6) (534.0) Liabilities: Retained earnings 661.0 578.0 ▪ Trade and ot
Slide 14: Cash Flow Statement
Cash Flow Statement USD million 30 June 2025 30 June 2024 Results Commentary Cash flow generated from operating activities: Net profit 89.3 70.7 ▪ Operating cash flow of USD 26.2 million in H1 2025 Adjustments for: compared to USD 250.7 million in H1 2024. H1 2024 operating cash flow was led by high
Slide 15: Cash Flow Statement
Cash Flow Statement USD million 30 June 2025 30 June 2024 Results Commentary Cash flow used in investing activities: Investment in associate (35.1) - ▪ Cash flow used in investing activities of USD 60.5 million in Investments in PPE (28.3) (32.5) H1 2025 compared to USD 30.9 million in H1 2024 Proce
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