Slide 1: STRABAG SE remains on track for profitable growth
STRABAG SE remains on track for profitable growth 6M Results 2025 © Rudi Froese / STRABAG
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 6M 2025
01 Highlights 6M:2025 WORK ON PROGRESS
Slide 5: Positive development across all major KPIs
HIGHLIGHTS 6M 2025 Positive development across all major KPIs Output volume remains on growth path € 8.9 bn Growth driven equally by existing markets and Australia acquisition +7% vs. 6M 2024 Order backlog reaches new record high € 28.4 bn Notable growth across all operating segments +13% vs. 30 Jun
Slide 6: Robust infrastructure, improving building construction
HIGHLIGHTS 6M 2025 Robust infrastructure, improving building construction Infrastructure Building construction Public vs. private STRABAG more than offsets Overall positive trends in Continued solid activity in Shift from private to public declining trends mobility and energy infrastructure in
Slide 7: Acquisitions focused on water and German infrastructure
HIGHLIGHTS YTD 2025 Acquisitions focused on water and German infrastructure Acquisition of Signing of WTE infrastructure Hilgefort under acquisition specialist Stumpp ZÜBLIN roof Signing in June 2025 Signing in July 2025 Signing in July 2025 STRABAG becomes full-service Expanding capacities in S
Slide 8: Major projects acquired in key strategic areas
HIGHLIGHTS 6M 2025 Major projects acquired in key strategic areas N+W 1 S+E 2 N+W 3 Key semiconductor 1 production project Brno–Přerov high-speed rail 2 upgrade and Česká Třebová junction renovation N.A. ~ € 360 mn > € 250 mn Large-scale construction Czech 3 projects in the university Europe Germany
Slide 9: Financial Review 6M 2025
02 Financial Review 6M 2025 STRABAG WORK ON PROGRESS
Slide 10: New record for output and order backlog
FINANCIAL REVIEW 6M 2025 New record for output and order backlog Output volume | € mn Output volume by region | % Significant increase in output volume +7% Half of output volume increase from newly 8 8,259 8,329 8,905 7 acquired Georgiou Group (Australia)1) Germany Austria Growth in existing mar
Slide 11: Further improved earnings reflect profitable growth
FINANCIAL REVIEW 6M 2025 Further improved earnings reflect profitable growth EBITDA | € mn EBIT | € mn Net income after minorities | € mn +20% 431 351 359 +58% +4% 129 87 82 92 95 74 6M 2023 6M 2024 6M 2025 6M 2023 6M 2024 6M 2025 6M 2023 6M 2024 6M 2025 EBITDA up 20% to € 430.8 mn Depreciation
Slide 12: Robust balance sheet with typical seasonal patterns
FINANCIAL REVIEW 6M 2025 Robust balance sheet with typical seasonal patterns Net cash position | € mn Cash position remains robust +15% 2,905 Net cash position lower vs. year-end due to 2,643 seasonality, but solid year-on-year increase 1,928 1,868 Seasonal working capital build-up; 1,484 1,619
Slide 13: Strong liquidity position further improved
FINANCIAL REVIEW 6M 2025 Strong liquidity position further improved Cash development | € mn Maintaining secure financial flexibility 3,724 284 CFO less negative due to stronger cash flow 2,751 from earnings and slightly lower working 430 capital build-up 262 4 CFI increased mainly due to M&A; in
Slide 14: Operational Review 6M 2025
03 Operational Review 6M 2025 14
Slide 15: Robust performance across the portfolio
OPERATIONAL REVIEW 6M 2025 Robust performance across the portfolio North + West South + East International + Special Divisions Share of Group Share of Group Share of Group 41 output volume | % 36 output volume | % 22 output volume | % Austria 3,640 3,184 Poland 1,993 International Output volume | €
Slide 16: North + West: Elevated order backlog continues to grow
OPERATIONAL REVIEW 6M 2025 North + West: Elevated order backlog continues to grow Key Indicators Performance 6M 2025 € mn 6M 2025 6M 2024 Δ% Output volume Output volume 3,640 3,589 1 − Interim public sector budget temporarily constrains output Revenue 3,135 3,097 1 development in Germany Order bac
Slide 17: South + East: Strong order growth in CEE and SEE markets
OPERATIONAL REVIEW 6M 2025 South + East: Strong order growth in CEE and SEE markets Key Indicators Performance 6M 2025 € mn 6M 2025 6M 2024 Δ% Output volume Output volume 3,184 3,144 1 − Strong output growth in Poland and Czech Republic Revenue 3,019 2,985 1 − Decline in Austria as expected, due t
Slide 18: International + Special Divisions: Growth from both base and M&A
OPERATIONAL REVIEW 6M 2025 International + Special Divisions: Growth from both base and M&A Key Indicators Performance 6M 2025 € mn 6M 2025 6M 2024 Δ% Output volume Output volume 1,993 1,481 35 − ~50 % of growth from acquisition in Australia (Georgiou Group)1) Revenue 1,790 1,370 31 − Remaining gr
Slide 19: Share & Outlook 2025
04 Share & Outlook 2025 WORK ON PROGRESS
Slide 20: STRABAG on the capital markets
SHARE & OUTLOOK 2025 STRABAG on the capital markets STRABAG share price development Shareholder structure | % 225% STRABAG ATX STOXX 2.4 14.1 UNIQA/Raiffeisen1) 30.4 Haselsteiner family2) 175% Market cap MKAO “Rasperia 24.1 € 9.5 bn Trading Limited”3) 125% Free float Treasury shares 29.0 75% STRABAG
Slide 21: STRABAG share price doubled in first half of 2025
SHARE & OUTLOOK 2025 STRABAG share price doubled in first half of 2025 Price 30 June 2025 € 80.70 (+104%) STRABAG ATX STOXX Europe 600 Construction & Materials 200 % +104% Performance 6M 2024 STRABAG share Price outperformed year-end 2024 relevant indices € 39.50 and major European peers 100 % Janua
Slide 22: Guidance for full year 2025 confirmed
SHARE & OUTLOOK 2025 Guidance for full year 2025 confirmed Output volume Based on high order backlog and expected contributions from acquisitions ~ € 21 bn EBIT margin EBIT margin target progresses in line with Strategy 2030 ≥ 4.5% Significant Net investments increase in Cash flow from investing act
Slide 23: Financial calendar 2025/2026
SHARE & OUTLOOK 2025 Financial calendar 2025/2026 February May August Initial Figures 2025: Trading Statement Semi-Annual Report 2026 Output volume, order January-March 2026 Publication 7:00 a.m. CEST backlog, employees and Publication 7:00 a.m. CEST Investor and analyst outlook 2026 conference call
Slide 24: 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 25: Annex
STRABAG WORK ON PROGRESS
Slide 26: Consolidated income statement (excerpt)
ANNEX Consolidated income statement (excerpt) € mn 6M 2025 6M 2024 Δ% Output volume 8,905.19 8,329.29 7 Revenue 7,952.60 7,462.39 7 Changes in inventories/own work capitalised 105.82 179.42 -41 Other operating income 134.97 104.20 30 Construction materials, consumables and services used -4,916.07 -4
Slide 27: Consolidated statement of financial position (excerpt)
ANNEX Consolidated statement of financial position (excerpt) Assets Equity and liabilities € mn 30.06.2025 31.12.2024 € mn 30.06.2025 31.12.2024 Goodwill and other intangible assets 774 585 Share capital 118 118 Rights from concession arrangements 421 432 Capital reserves 1,732 1,732 Retained earnin