Slide 1: FY 2024 Results Presentation
FY 2024 Results Presentation February 19, 2025 © Tanatpon Chaweewat Juan Santamaría, CEO Peter Sassenfeld, CFO Mike Pinkney, Head of Capital Markets Strategy Tobias Loskamp, Head of Investor Relations FY 2024 results presentation – February 19, 2025 1
Slide 2: HOCHTIEF Group – FY 2024 overview
HOCHTIEF Group – FY 2024 overview Op. Net Profit of Strong operating Slightly net debt Strong new orders FY 2025 guidance: EUR 625m up 13% cash flow of EUR position of EUR of EUR 41.8bn, up op.net profit EUR yoy, exceeding FY 2.1bn, up EUR 120m after full 14% yoy (9% on 680 to 730m (up to 2024 guida
Slide 3: HOCHTIEF Group – FY 2024 Key figures
HOCHTIEF Group – FY 2024 Key figures* (EUR million) FY 2023 FY 2023 FY 2024 yoy reported comparable comparable Sales 27,756 30,229 33,301 10.2% Operational profit before tax / PBT 774 882 1,008 14.4% Operational PBT margin in % 2.8% 2.9% 3.0% 10 bps Operational net profit 553 533 625 17.4% Operation
Slide 4: Key P&L figures
HOCHTIEF Group – Key P&L figures Sales by region FY 2024 3% 2% Strong sales Solid operational PBT growth driven by all Americas growth with a operating segments, firm Group margin Asia Pacific comparable 31% Op. net profit of EUR 625m up 13% yoy, Germany increase exceeding FY24 guidance of up to EUR
Slide 5: Cash flow performance
HOCHTIEF Group – Cash flow performance Operating cash flow (EURm) +611 Strong increase in Net operating capex Net op. cash 2,129 operating cash flow reduced by EUR 69m yoy, flow of to EUR 2.1bn, up contains mainly mining and EUR 1.5bn, 1,519 EUR 611m yoy job-costed tunneling up EUR 169m equipment pu
Slide 6: Net cash development yoy
HOCHTIEF Group – Net cash development yoy HOCHTIEF ended FY 2024 with a slight Adjusting for the full consolidation of Thiess, S&P investment grade net debt position of EUR 120m, driven by the Abertis capital increase, bolt-on M&A and credit rating unchanged strategic capital allocation decisions th
Slide 7: New orders and order backlog
HOCHTIEF Group – New orders and order backlog New orders development* (EURbn) 1.2 1.2 1.0 41.8 Strong new orders up Order backlog rises to 38.4 Book to bill 14% yoy to EUR 41.8bn, EUR 67.6bn, up EUR 7.8bn 30.1 LTM +9% on a comparable yoy on a comparable basis, basis; 1.2x work done this represents a
Slide 8: Selected recent significant project announcements
HOCHTIEF Group – Selected recent significant project announcements Energy transition Digital infrastructure New sustainable mobility Western Downs Battery, UGL (08/2024) design and Meta data center, Turner & Partner, > USD 10bn Metro Trains Melbourne, UGL (05/2024) extension construct Stage 2 of the
Slide 9: Turner – FY 2024 results in EURm
Turner – FY 2024 results in EURm (see slide 25 for further details) Essentials Financials (EUR million) FY 2023 FY 2024 yoy Very strong op. PBT growth, +37% to EUR 570m, with FY sales growth of 19% and Q4 acceleration Sales 16,185 19,264 19% EBITDA 433 551 27% Significant op. PBT margin expansion, +
Slide 10: CIMIC – FY 2024 results in EURm
CIMIC – FY 2024 results in EURm (see slide 28 for further details) Essentials Financials* (EUR million) FY 2023 FY 2024 yoy Solid underlying revenue with strong growth in strategic growth comparable comparable market (data centers, social infra and energy transition) Sales 10,573 10,213 -3% Op. PBT
Slide 11: Engineering & Construction – FY 2024 results
(see slide 31 for further details) Engineering & Construction (HT Europe + Flatiron) – FY 2024 results Essentials Financials (EUR million) FY 2023 FY 2024 yoy Sales increased by 10% yoy to EUR 3.6bn Sales 3,302 3,629 10% Operational PBT up 7% at EUR 88m with stable margins EBITDA 182 179 -2% Operati
Slide 12: Abertis – FY 2024 results
Abertis – FY 2024 results (see slide 34 for further details) Essentials Financials (EUR million) FY 2023 FY 2024 yoy Average daily traffic (ADT) +2% yoy Sales (100%) 5,532 6,072 10% Revenues and EBITDA up 10% yoy respectively EBITDA (100%) 3,893 4,292 10% Net profit pre-PPA amounts to approx. EUR 80
Slide 13: Corporate Strategy
Corporate Strategy Megatrends Digitalization Decarbonization Demographics Deglobalization Key elements of Strategy Group objectives Consolidate core market positions and Focus on cash generation and maintaining develop presence in the structural growth a strong, de-risked balance sheet Sustainable c
Slide 14: Focus on opportunities in strategic growth markets
Focus on opportunities in strategic growth markets Expanding HOCHTIEF’s presence in the value chain of rapidly expanding markets, incl. data centers, as a developer and investor Advanced Energy transition New sustainable Social Reshoring Sustainable technology mobility infrastructure infrastructure
Slide 15: Strategic framework for growth and value creation
Strategic framework for growth and value creation Consistent effort & resources applied in a specific strategic direction Engineering & Strategic Positioned to achieve Engineering, Construction Local and growth strong returns on Systems & Bolt-on services Global Client markets megatrend opportunitie
Slide 16: HOCHTIEF equity investments in strategic growth markets
HOCHTIEF equity investments in strategic growth markets • Total committed equity investments at December 2024 of cEUR 400m in strategic growth markets Data centers Energy transition New sustainable mobility HOCHTIEF is investing in data center Strategy to establish a diversified HOCHTIEF PPP Solutio
Slide 17: Capital allocation & Guidance
HOCHTIEF Group – Capital allocation & Guidance Capital allocation Organic growth opportunities Guidance 2025 Shareholder remuneration Growth in data centers and other advanced-tech, Operational net profit energy transition and sustainable infrastructure EUR 680 – 730m FY 2024 dividend proposal of EU
Slide 18: Appendix: FY 2024
Appendix: FY 2024 Frankfurt University of Applied Sciences, Frankfurt, Germany FY 2024 results presentation – February 19, 2025 18
Slide 19: HOCHTIEF Group – Overview
HOCHTIEF Group – Overview FY FY FY Δ FY Δ FY FY FY FY Δ FY Δ FY HOCHTIEF Group 2023 2023 2024 in % in EURm HOCHTIEF Group 2023 2023 2024 in % in EURm (EUR million) reported comparable (EUR million) reported comparable P&L-key figures P&L-key figures Sales 27,756.0 30,228.9 33,301.3 10.2% 3,072.4 Ope
Slide 20: Statement of earnings
HOCHTIEF Group – Statement of earnings HOCHTIEF Group Sales, material, personnel costs, depreciation and FY 2023 FY 2024 ∆% FY amortization: increase driven by solid underlying sales growth (EUR million) (+10%) and first-time full consolidation of Thiess from Q2 2024 Sales 27,756.0 33,301.3 20.0% Ch
Slide 21: Statement of cash flows (statutory)
HOCHTIEF Group – Statement of cash flows (statutory) HOCHTIEF Group FY FY ∆ Q4 Q4 ∆ (EUR million) 2023 2024 FY 2023 2024 Q4 Profit before tax / PBT 715.0 1,003.8 288.8 179.0 292.3 113.3 Depreciation and amortization 320.5 594.4 273.9 94.2 184.5 90.3 Other adjustments to net profit -149.5 166.6 316.1
Slide 22: Balance sheet (assets)
HOCHTIEF Group – Balance sheet (assets) HOCHTIEF Group FY FY Δ Non-current assets 2023 2024 FY (EUR million) Intangible assets / property plant & Assets 19,006.2 24,654.9 5,648.7 equipment NON- Non-current assets 5,661.6 7,966.3 2,304.7 Increase due to impacts from full consolidation of Thiess CURRE
Slide 23: Balance sheet (liabilities and equity)
HOCHTIEF Group – Balance sheet (liabilities and equity) Shareholders‘ equity – HOCHTIEF Group FY FY Δ 2023 2024 FY Movements in FY 2024 (EUR million) (EUR million) Liabilities and shareholders’ equity 19,006.2 24,654.9 5,648.7 Profit after taxes 867 SHARE- Put option Thiess -654 HOLDERS’ Shareholder
Slide 24: Financing structure FY 2024
HOCHTIEF Group - Financing structure FY 2024 Net cash / Net debt calculation: • Strong liquidity position of EUR 6.5bn per end FY 2024 (cash, end FY 2023 end FY 2024 cash equivalents and marketable securities) period end (EUR m) • In March 2024, CIMIC issued a USD bond (144a/Reg S) with a 10y Cash a
Slide 25: Turner
Turner FY 2024 results presentation – February 19, 2025 © Robert G. Gomez © Manica Architecture © Turner Construction © Turner Construction 25
Slide 26: Turner - Segment overview
Turner - Segment overview Financials • High added-value advanced-tech building solutions (USD million) FY 2023 FY 2024 yoy with 45 offices across the U.S. Sales 17,526 20,781 19% • Client-focused construction management delivery model EBITDA 469 594 27% resulting in 80% repeat clients; Leader in div
Slide 27: Turner - Strategic acquisition of Dornan Engineering in Europe
Turner - Strategic acquisition of Dornan Engineering in Europe Sales split per market (FY2024) Strategic acquisition of a European advanced-tech engineering business for an EV of ~EUR 400m – Transaction closed in January 2025 17% ✓ Dornan, headquartered in Ireland, is one of the leading MEP* Data Ce
Slide 28: CIMIC
CIMIC © UGL © ©CPBContractors © ©CPBContractors © UGL FY 2024 results presentation – February 19, 2025 28
Slide 29: CIMIC - Segment overview
CIMIC - Segment overview Financials • Largest Australasian player providing engineering-led (AUD million) FY 2023 FY 2024 yoy integrated solutions and critical mineral-related comparable comparable services with over 30,000 employees across the whole Sales 17,283 16,758 -3% EBITDA 1,851 1,965 6% pro
Slide 30: CIMIC - Bolt-on acquisitions in FY 2024
CIMIC - Bolt-on acquisitions in FY 2024 Part of HOCHTIEF’s capital allocation strategy is focused on carrying out bolt-on acquisitions to enhance and expand our engineering, digital and logistics services know-how and client-offering. Sedgman acquired Sedgman also acquired Thiess announced a share T
Slide 31: Engineering & Construction
Engineering & Construction © HOCHTIEF © Udo Görisch © HOCHTIEF Datacenter © Flatiron/Dragados © HOCHTIEF FY 2024 results presentation – February 19, 2025 31
Slide 32: Engineering & Construction - Segment overview
Engineering & Construction - Segment overview Order Backlog FY 2024 • Leading civil engineering businesses in Europe Regional split: (HOCHTIEF) and 38.2% stake in FlatironDragados, the 2nd largest civil engineering and construction player in North America, where we differentiate through superior tec
Slide 33: Integration of Flatiron and Dragados North American businesses
HOCHTIEF Group – Integration of North American civil construction businesses Flatiron and Dragados to create value for HOCHTIEF HOCHTIEF and Dragados have agreed to integrate their North American businesses, Flatiron and Dragados, to create the 2nd largest civil engineering and construction player:
Slide 34: Abertis
Abertis © ajpmedia.com © Abertis © Abertis © Abertis FY 2024 results presentation – February 19, 2025 34
Slide 35: Abertis – Snapshot FY 2024
Abertis – Snapshot FY 2024 Strong • Solid traffic growth supported by a strong HV traffic evolution (+3.4%), contribution from new assets and strong performance in Spain, Mexico and operating Brazil (over +3.5% ADT increase vs 2023). • Revenues +9.8% (+5% Like for Like), up to a record €6.1bn, and E
Slide 36: Abertis – Key figures FY 2024
Abertis – Key figures FY 2024 Europe Overseas Holding Total EURm France Spain Italy USA2 Mexico Chile Brazil Argentina International 3 A. Infra 4 Total group km 1,769 631 236 293 1,011 412 3,193 175 152 - 7,870 Concessions 2 7 1 4 5 4 7 2 2 - 34 Traffic1 -0.4% 3.8% -0.5% -3.6% +1.8% 3.6% 0.3% 3.9% -
Slide 37: Accelerating ESG drive
HOCHTIEF Group – Accelerating ESG drive Further progress in implementation Group wide Working HOCHTIEF has been included for the 19th year in a row in the of ambitious Sustainability Plan Groups to align activities Dow Jones Sustainability Index by S&P Global (World & Europe); 2025 (60+ Commitments
Slide 38: FX rates
FX rates End of period: Q1 H1 9M FY Mar 31st Mar 31st yoy Jun 30th Jun 30th yoy Sep 30th Sep 30th yoy Dec 31st Dec 31st yoy 2023 2024 2023 2024 2023 2024 2023 2024 EUR / USD 1.09 1.08 -1% EUR / USD 1.09 1.07 -1.5% EUR / USD 1.06 1.11 5% EUR / USD 1.11 1.04 -6% USD / EUR 0.92 0.92 1% USD / EUR 0.92 0
Slide 39: The HOCHTIEF Group
The HOCHTIEF Group • HOCHTIEF is an engineering-led global infrastructure solutions 2024 Sales by region (EUR 33.3bn) provider with leading positions in North America, Australia and Europe and a strong presence in the rapidly expanding strategic 2% 3% growth markets of data centers, energy transitio
Slide 40: Leading positions in developed markets – FY 2024
HOCHTIEF, leading positions in developed markets – FY 2024 ©UdoGoerisch ©BigAcorn-Studios ©Abertis © UGL Engineering & Turner CIMIC Construction Abertis Turner provides high added-value Australia-based CIMIC Group is an Comprises HOCHTIEF’s European 20% equity investment in leading advanced-tech bui
Slide 41: Disclaimer
Disclaimer This presentation and the report contain forward-looking statements. These statements reflect the current views, expectations and assumptions of the Executive Board of HOCHTIEF Aktiengesellschaft and are based on information currently available to the Executive Board. Such statements invo
Slide 42: Investor Relations contacts and calendar
Investor Relations contacts and calendar 29 April 2025 Annual General Meeting May 2025 First quarter results 2025 23 July 2025 Half-year results 2025 6 November 2025 Nine-months results 2025 For further information please contact: Investor Relations HOCHTIEF Aktiengesellschaft Alfredstr. 236 45133 E