Slide 1: FY 2024 Results Presentation
Red Sea Wind Energy – 650 MW, Ras Ghareb, Egypt FY 2024 Results Presentation 26 March 2025
Slide 2: Table of Contents
Table of Contents Section Page Summary Financials 1 Consolidated Backlog 2-4 Pro Forma Snapshot Including BESIX 5 Subsidiaries and Investments 6 Financial Statements 7-13
Slide 3: Summary Income Statement
Summary Income Statement USD million Revenue by Geography – FY 2024 FY 2024 FY 2023 Change Q4 2024 Q4 2023 Change Other MEA 6.8% Revenue 3,254.9 3,367.5 (3.3)% 935.0 1,002.3 (6.7)% MEA 1,611.3 1,809.7 (11.0)% 535.3 465.1 15.1% Egypt USA 1,643.6 1,557.8 5.5% 399.7 537.2 (25.6)% 42.8% Adj. EBITDA 158.
Slide 4: Consolidated Backlog
Consolidated Backlog Evolution of Consolidated Backlog (USD Billion) (1) Consolidated (2) ▪ Consolidated backlog decreased 5.8% y-o-y $8.1 $7.6 to USD 7.6 billion in FY 2024 ▪ Backlog in FY 2023 is based on the official $6.1 EGP-FCY rates and decreases to USD 7.4 $5.8 billion if a USD-EGP rate of 50
Slide 5: Consolidated Backlog Breakdown – December 2024
Consolidated Backlog Breakdown – 31 December 2024 Backlog by Geography Backlog by Sector Other 4.2% Commercial 13.7% USA 21.1% Industrial 21.3% UAE 7.4% Infrastructure Egypt 65.0% 67.3% Backlog by Client Backlog by Currency(1) EGP Private 15.9% 24.1% Public 75.9% FCY & FCY- priced 84.1% (1) 76% of b
Slide 6: Evolution of Backlog by Geography
Evolution of Backlog by Geography Consolidated Backlog by Geography (Excluding BESIX) (1) $5.4 bn $6.1 bn $5.5 bn $8.1 bn $7.6 bn 1.7 1.6 0.2 0.6 0.3 1.3 0.6 0.9 1.3 0.2 0.2 0.2 0.2 0.2 0.1 5.5 5.1 4.2 4.3 3.8 2020 2021 2022 2023 FY 2024 Egypt UAE KSA Other USA Note: Backlog/new awards chart exclude
Slide 7: Pro Forma Snapshot Including 50% of BESIX – FY 2024
Pro Forma Snapshot Including 50% of BESIX – FY 2024 ▪ BESIX’s standalone backlog of EUR 8.2 billion as of 31 December 2024 and new awards of EUR 6.7 billion in FY 2024 ▪ Standalone net cash position of EUR 69.8 million as of 31 December 2024 ▪ BESIX book value of USD 417.3 million in Orascom Constru
Slide 8: Portfolio of Equipment Services, Building Materials, Facility Mgmt. and Concessions
Portfolio of Equipment Services, Building Materials, Facility Mgmt. and Concessions These subsidiaries and investments contributed USD 32.8 million (28.0%) to the Group’s total net income in FY 2024 (1) Company(1) Ownership FY 2024 Revenue Description ▪ A leading equipment importation, distribution
Slide 9: Financial Statements
Financial Statements 10
Slide 10: Income Statement
Income Statement USD million FY 2024 FY 2023 Q4 2024 Q4 2023 Results Commentary Revenue 3,254.9 3,367.5 935.0 1,002.3 Revenue: Cost of sales (2,952.0) (3,099.7) (846.9) (929.7) ▪ Revenue decreased 6.7% y-o-y to USD 935.0 million in Q4 Gross profit 302.9 267.8 88.1 72.6 2024 and 3.3% y-o-y to USD 3,2
Slide 11: Adjusted EBITDA and Net Income
Adjusted EBITDA and Net Income Adjusted EBITDA Adjusted EBITDA FY 2024 FY 2023 Change EBITDA 151.5 232.6 (34.9)% [+] Non-operating one-off expense (Q1 2024) 7.5 - [-] Gain from the divestment of a building material subsidiary (Q2 2024) (0.7) - [-] Net gain from building material divestments & one-of
Slide 12: Balance Sheet
Balance Sheet USD million 31 Dec 2024 31 Dec 2023 Results Commentary ASSETS Non-current assets Non-current assets ▪ Total investment in associates includes BESIX at an equity Property, plant and equipment 141.8 126.4 value of USD 450.0 million, out of which BESIX represents Goodwill 27.7 27.7 USD 41
Slide 13: Balance Sheet
Balance Sheet USD million 31 Dec 2024 31 Dec 2023 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 (534.0) (421.7) Liabilities: Retained earnings 578.0 533.3 ▪ Trade and oth
Slide 14: Cash Flow Statement
Cash Flow Statement USD million 31 Dec 2024 31 Dec 2023 Results Commentary Cash flow generated from / used in operating activities: Net profit for the year 133.8 195.1 ▪ Operating cash flow of USD 645.2 million in FY 2024 Adjustments for: compared to USD 217.3 million in FY 2023 Depreciation 31.4 30
Slide 15: Cash Flow Statement
Cash Flow Statement USD million 31 Dec 2024 31 Dec 2023 Results Commentary Cash flow used in / generated from investing activities: Proceeds from sale of investments 2.5 116.7 ▪ Cash flow used in investing activities of USD 63.9 million in Investments in PP&E (75.1) (34.3) FY 2024 compared to inflow
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 Director hesham.elhalaby@orascom.com T: +971 4 318 0900 NASDAQ Dubai: OC EGX: ORAS www.orascom.com