Aktor Societe Anonyme Holding Company Technical And Energy Projects · ATHEX:AKTR
Aktor Societe Anonyme Holding Company Technical And Energy Projects — AKTOR Group of Companies — H1 2025 Earnings Presentation
31 slides from Aktor Societe Anonyme Holding Company Technical And Energy Projects's earnings presentation, Sep 11, 2025
Slide 1: We Create Value, We Drive Growth: H1 2025 Financial Results
WE CREATE VALUE WE DRIVE GROWTH H1 2025 FINANCIAL RESULTS September 11th, 2025
Slide 2: Disclaimer
Disclaimer Some of the information in this presentation contains forward-looking statements within the meaning of securities laws. All forward-looking statements address matters that involve risk and uncertainties and there are many important risks, uncertainties and other factors that could cause t
Slide 3: Table of Contents
Table of Contents 01 OVERVIEW 02 FINANCIAL RESULTS 03 ESG 04 ANNEX 3
Slide 4: Overview
OVERVIEW
Slide 5: A message from our CEO
A message from our CEO In the first half of 2025, revenues grew by 17% to €623mn, EBITDA more than doubled to €65mn, and net income rose by 46% to €17mn. We maintained a strong financial position with €246mn in cash, €382mn in equity, and minimal net debt of €25mn, enabling us to fund strategic grow
Slide 6: Group Turnover €623mn
Strong backlog and faster project execution drive increase in revenue Group Group Group Backlog Turnover Gross Profit EBITDA €4.3bn €623mn €74mn €65mn (as at 30.06.2025) (+17% y-o-y) (+45% y-o-y) (+112% y-o-y) Cash Equity Net Debt Market Cap. €246mn €382mn €25mn €1.6bn (65% ytd) (121% ytd) (-76% ytd
Slide 7: Strong momentum maintained, with double-digit growth across all key metrics
Strong momentum maintained, with double-digit growth across all key metrics Turnover (€mn) Gross Profit (€mn) +17% 623 +45% 74 +258% 533 +200% 51 149 17 H1 2023 H1 2024 H1 2025 H1 2023 H1 2024 H1 2025 EBITDA (€mn) Market Capitalization (€bn) +110% 65 +97% 1,6 +60% +244% 31 0,8 0,5 9 H1 2023 H1 2024
Slide 8: Corporate transformation and strategic investment plan implementation proceed at full speed
Corporate transformation and strategic investment plan implementation proceed at full speed Jan Feb Mar Apr May June Q3 2025 2025 2025 2025 2025 2025 2025 ● Successful ● Induction to FTSE ● Signing of PPP ● Binding ● Flood protection ● Major progress ● Completion of completion of Large Cap Index Uni
Slide 9: Aktor invests in high-potential sectors to unlock long-term shareholders’ value
Aktor invests in high-potential sectors to unlock long-term shareholders’ value Completion Segment Announced Investments Actions Taken Up Today Rate Acquisition of a specialized construction • Full integration of Aktor S.A. and redesign operating model Construction company in Greece and a quarry fac
Slide 10: Corporate transformation on track for October 2025, shaping 5 strategic pillars
Corporate transformation on track for October 2025, shaping 5 strategic pillars Spin-off completed Spin-off completed Spin-off expected Spin-off expected Spin-off expected (pending EGM (pending EGM completion within completion within completion within approval) approval) October October October Digi
Slide 11: Financial Results
FINANCIAL RESULTS
Slide 12: Top-line growth and rise in gross profit margin underscores quality of newer projects
Top-line growth and rise in gross profit margin underscores the quality of newer projects in our portfolio, which are yielding better profitability Turnover (€mn) Gross Profit (€mn) Gross Margin (%) Turnover Breakdown +17% 623 +227bps 12% 533 +45% 74 10% 10% 22% 51 €623mn 68% H1 2024 H1 2025 H1 2024
Slide 13: EBITDA continues to grow, supported by margin gains and effective cost control
EBITDA continues to grow, supported by margin gains and effective cost control EBITDA (€mn) EBITDA Margin (%) Net Income1 (€mn) +13% 65 +88% 58 +471bps 11% 31 6% +46% 17 12 H1 2024 H2 2024 H1 2025 H1 2024 H1 2025 H1 2024 H1 2025 1. Refers to net income attributable to parent company shareholders. 13
Slide 14: A solid capital structure, backed by very low net debt
A solid capital structure, backed by very low net debt following the share capital increase, provides a strong foundation for growth Net Debt / Equity Net Debt / EBITDA Working Capital (x) (x) (€mn) 0,59 1,15 252 0,38 0,07 FY 2024 30.06.2025 FY 2024 30.06.2025 FY 2024 30.06.2025 -11 1. Net debt incl
Slide 15: Robust liquidity with sizeable cash reserves in place
Robust liquidity with sizeable cash reserves in place 163 246 -21 60 149 -81 -33 Amounts in €mn Temporary effect due to: • the acceleration in projects’ execution • €50mn in WC from SCI -13 Total Cash Net Operating CFs ΔWC Net Investing CFs Net Financing CFs Total Cash (31.12.2024) (30.06.2025) Note
Slide 16: Construction
Construction Construction segment continues to lead growth on the group level, doubles EBITDA margin y-o-y and records significant after-tax profitability EBITDA (€mn) Gross Margin & OpEx (%) amounts in €mn Aktor Construction H1 2025 +7% 61 +84% 57 Gross Margin Turnover 581 11% 10% 10% Gross Profit
Slide 17: Equity Participations: diversified portfolio of operating concessions and new projects
Equity Participations A diversified portfolio of operating concessions and new projects, reinforced by synergies with construction, delivers €1.2bn in secured future cash flows Operating concessions New Projects Post-acquisition future CFs from combined portfolio (€mn) 71.7% 86.7% 22.2% 60.0% Tavrop
Slide 18: Combination of AKTOR Concessions and Equity Participations
Equity Participations The combination of AKTOR Concessions and Aktor Equity Participations establishes the second-largest player in the concessions and PPPs market Aktor Concessions portfolio Combined Equity Participations post-acquisition portfolio ● Moreas 72% ● Moreas SEA (in operation) 87% PPPs
Slide 19: RES: Mid-term growth secured through 350MW solar PV and 100MW storage
RES Mid-term growth is secured through 350MW of solar PV and the launch of 100MW storage, driving a pipeline of ~1.3GW by 2028 Launch of RES Platform Driving Mid-Term Growth OPERATIONAL IN 2028 810MW 350MW PV & Wind Portfolio End of 2025 Landmarks Solar PV Going Forward in operation BESS 100MW BESS
Slide 20: Facility management segment adds scale and profitability
Facility Management Facility management segment adds scale and profitability to consolidated results Establishing a One-Stop-Shop Covering Turnover from Current Operations All Aspects of Facility Management (€mn) 36 01 26 Qatar Qatar • Further growing core technical €48mn €22mn maintenance Greece Gr
Slide 21: ESG
ESG
Slide 22: Looking ahead on ESG targets and actions
Looking ahead on ESG targets and actions Environmentally Inclusive Growth & Business Resilience Sustainable Operations Shared Prosperity & Robust Partnerships • Reduce absolute Scope 1 and 2 GHG • Maintain equal gender pay gap • Achieve an EcoVadis silver and above emissions by 40% by 2030 • Perform
Slide 23: Key milestones of sustainable evolution for Aktor Group
Key milestones of sustainable evolution for Aktor Group of Companies 36k MWh Renewable energy production 129k m3 Water reused through advanced 2 plants For recycling and processing of processes construction and demolition waste (CDW) 4.14% 95% 1 patent Gender pay gap Of construction waste diverted f
Slide 24: Annex
ANNEX
Slide 25: Balance Sheet
Balance Sheet THE GROUP THE COMPANY (amounts in €mn) 30.06.2025 31.12.2024 30.06.2025 31.12.2024 ASSETS: Non-current assets 423 401 371 308 Contractual assets 572 436 174 140 Trade receivables and other current assets 431 526 172 231 Cash and cash equivalents 246 149 152 36 TOTAL ASSETS 1,672 1,512
Slide 26: Profit and Loss Account
Profit and Loss Account THE GROUP THE COMPANY 01.01- 01.01- 01.01- 01.01- (amounts in €mn) 30.06.2025 30.06.2024 30.06.2025 30.06.2024 Turnover 623 533 220 213 Cost of sales (549) (482) (201) (196) Gross Profit 74 51 19 16 Other income and profits / (losses) 2 23 3 23 Administrative expenses (38) (3
Slide 27: Statement of Cash Flows
Statement of Cash Flows THE GROUP THE COMPANY 01.01- 01.01- 01.01- 01.01- (amounts in €mn) 30.06.2025 30.06.2024 30.06.2025 30.06.2024 Cash Flows from Operating Activities: Adjusted EBITDA 65 31 2 (3) Other Adjustments (6) (1) (2) (1) Changes in Working Capital (Increase) / Decrease in inventories a
Slide 28: Important Projects Under Execution (Backlog)
Important Projects Under Execution (Backlog) AMOUNT DESCRIPTION (€mn) AKTOR - Repair of the railway line Brasov - Simeria, section of the Rhine - Danube corridor, for traffic with a maximum speed of 160 km/h, section Brasov - Sighisoara, Apata - Cata LOT 2 (Romania) 326 Construction of Ecomar oil st
Slide 29: Liquid stock with robust returns, outperforming ATHEX and SX600
Liquid stock with robust returns, strongly outperforming ATHEX and SX600 Constructions & Materials Market Cap Shares 204,002,463 €1.6bn Outstanding Free Float +861% Type of Shares Common Registered (<5%) 24.7% Winex Strong anchor Investments shareholders Ltd 40.6% ISIN GRS432003028 ready to lead Add
Slide 30: Contact Details
Contact Details Alexandros Exarchou Konstantinos Adamopoulos Loukas Karalis Chairman & CEO Group CFO Group Chief Strategy & IR Officer AKTOR GROUP S.A. 19km Markopoulo Avenue, 19002 Paiania Τel +30 210 667 4700 | E-mail: ir@aktor.gr www.aktor.gr 30
Slide 31: Thank You
THANK YOU.
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