Slide 1: STRABAG SE | H1 2023 Results
STRABAG SE | H1 2023 RESULTS TIMES CHANGE. DO WE. STRABAG WORK ON PROGRESS
Slide 2: Disclaimer
Disclaimer This presentation is made by STRABAG SE (the "Company”) solely for use at investor meetings and is furnished to you solely for your information. This presentation speaks as of August 2023. The facts and information contained herein might be subject to revision in the future. Neither the d
Slide 3: Today's speaker
Today's speaker \ Klemens Haselsteiner CEO STRABAG SE STRABAG RK ON PROGRESS
Slide 4: Work on progress
WORK ON PROGRESS 4.
Slide 5: Executive summary
H1 2023 | Executive summary Higher earnings despite a challenging environment Output volume of € 8.3 bn | +9% vs. H1 2022 Solid growth path continued also in Q2 Order backlog of € 24.3 bn | +2% vs. YE 2022 1.3 times of expected annual output, comfortable base for 2024 EBIT of € 87.4 mn | + 37% vs. H
Slide 6: Executive summary: mixed trends in underlying markets
H1 2023 | Executive summary Mixed trends in underlying markets Infrastructure ° Solid business activity * Particularly in transportation infrastructure Transportation infrastructure: > 40% of Group output volume Building construction ¢ Partly declining trends * Especially in residential construction
Slide 7: Work on progress
WORK ON PROGRESS 7 —
Slide 8: Results: Strong top line growth continued in Q2
H1 2023 | Results Strong top line growth continued in Q2 Output volume [€ mn] Output volume by region (%) New record for output volume ; 5 * Ongoing execution of high order backlog 17,735 _I@ammeny * Largest increases in Germany, Austria, 7 +9% 7 Hi Austria Romania, the United Kingdom and Poland 7,5
Slide 9: Results: Earnings plus in a challenging environment
H1 2023 | Results . . . Earnings plus in a challenging environment EBITDA [€ mn] EBIT (€ mn) Net income after minorities ({€ mn} 1,257 [8% 5 351 = [ me 706 +83% in 325 87 — | + ws 74 Ps : L| H1 2022 H1 2023 2022 H1 2022 H1 2023 2022 H1 2022 H1 2023 2022 * Depreciation and amortisation increased slig
Slide 10: Results: Financial position remained robust
H1 2023 | Results _ . Financial position remained robust Net debt (+) / Net cash [-] in (€ mn) -——— #29% —— 4 -1,147 -1,484 AAT, -1,937 -1,928 2020 30.06.2021 2021 30.06.2022 2022 30.06.2023 Equity ratio (%] 33.9 933 31.6 31.5 317 Sus SSS SSS SSS SS SSS SS SSS SSS SS SSS SSS S SSS SSS S SSS SSS SSS
Slide 11: Results: Cash and cash equivalents of € 2.3 bn
H1 2023 | Results Cash and cash equivalents of € 2.3 bn (€ mn) bee | H1 2022 A% Cash - beginning of period 2,702 2,963 -9 Cash flow from earnings 297 252 18 A Working Capital -122 -858 86 Cash flow from operating activities 175 -606 nm. Cash flow from investing activities -345 -289 -19 Cash flow fro
Slide 12: STRABAG
STRABAG
Slide 13: Operating segments: Strong output growth across all segments
H1 2023 | Operating segments Strong output growth across all segments 3,628 Share of Output volume [€ mn) North + West Group output 44 volume (%] 10.530 Order backlog (€ mn) 2,786 Share of Output volume [€ mn) Group output 34 volume (%] 8,343 Order backlog (€ mn) 1,731 International + Share of 2 Out
Slide 14: North + West: Substantial earnings improvement
H1 2023 | Operating segments . . . North + West: Substantial earnings improvement Key Indicators Performance H1 2023 (€ mn) } 12029 | H1 2022 A% * Output volume up by 7%, by a strong performance in building construction and civil engineering as well as transportation Output volume 3,628 3,394 7 infr
Slide 15: South + East: Order backlog above Group average
H1 2023 | Operating segments South + East: Order backlog above Group average Key Indicators (€ mn) H1 2023 H1 2022 A% Output volume 2,786 2,612 7 Revenue 2,774 2,606 6 Order backlog 8,343 7,827 7 EBIT -16 -35 54 EBIT margin (% of rev.) -0.6 -1.4 Employees 23,493 24,299 -3 Order backlog [€ mn) Share
Slide 16: International + Special Divisions: Strong output growth
H1 2023 | Operating segments -.. International + Special Divisions: Strong output growth Key Indicators Performance H1 2023 (€ mn) H1 2022 A% * Output volume +13% due to an acquisition in Germany and completion of major projects in the United Kingdom and Chile Ouwiipat wallanae el a ip * EBIT: Highe
Slide 17: WORK ON PROGRESS
WORK ON PROGRESS
Slide 18: Update: STRABAG share
Update STRABAG share Shareholder structure Update on sanctioned shareholder Rasperia 29.5% [MM UNIQA/Raiffeisen , + June 2023 The capital measures to reduce the share of MKAO “Rasperia Trading Limited . (Rasperia] - a company controlled by the sanctioned Russian citizen Oleg Deripaska - to 9 28.3% M
Slide 19: Outlook 2023: Guidance for FY 2023 raised
Outlook 2023 Guidance for FY 2023 raised BEFORE NOW a Output volume 2€17.9 bn . ~€ 18.6 bn raised . > EBIT margin 24% . 24% confirmed . > Net investments <€ 600 mn . lt; € 600 mn confirmed — STRABAG WORK ON PROGRESS
Slide 20: Financial calendar & IR contact
STRABAG SE Financial calendar & IR contact Financial calendar 2023 IR contact Date Event Marco Reiter Head of Investor Relations. +43 1 22422-1089 marco.reiter(@strabag.com Asmir Music Investor Relations Manager +43 1 22422-1091 asmir.music(astrabag.com Thu, 16 November 2023 Trading Statement Januar
Slide 21: Strategic Update 2030
| STRATEGIC UPDATE 2030 PEOPLE, September 7, 2023, 9 a.m.-1 p.m. CEST STRA Location: ar L A N [= Ts Labstelle (Saal), Wollzeile 1, 1010 Vienna PROGRES nto REGISTER HERE STRABAG SOCIETAS EUROPAFA
Slide 22: Work on progress
WORK ON PROGRESS —e
Slide 23: Annex: Key figures of STRABAG SE
Annex Key figures of STRABAG SE (€ mn) _ hate | H1 2022 A% Output volume Order backlog EBIT EBIT margin (% of revenue] Net income after minorieties Cash flow from operating activities Cash flow from investing activities Earnings per share [€) (€ mn) Balance sheet total Equity ratio (%] Net debt (+]/
Slide 24: Annex: Consolidated statement of profit or loss (excerpt)
Annex Consolidated statement of profit or loss (excerpt) (€ mn) _ ae | H1 2022 A% Output volume 8,258.62 7,587.72 9 Revenue 7,684.37 7,246.35 6 Changes in inventories/own work capitalised 66.44 46.07 44 Other operating income 106.06 98.12 8 Construction materials, consumables and services used -5,04
Slide 25: Annex: Consolidated statement of financial position
Annex Consolidated statement of financial position Assets Equity and liabilities (€ mn) Ex 31.12.2022 (€ mn) Intangible assets 519 467 Share capital 103 103 Rights from concession arrangements 463 473 Capital reserves 2,086 2,086 Property, plant and equipment 2,824 2,743 Retained earnings and other