Porr Ag · VIE:POS
Porr — Q1 2026 Earnings Presentation
56 slides from Porr's earnings presentation, May 26, 2026
Slide 1: Home of Construction – Investor Presentation Q1/2026
HOME OF CONSTRUCTION Investor Presentation Q1/2026 May 2026
Slide 2: Disclaimer
DISCLAIMER • This presentation was prepared by PORR AG (the "Company") solely for use at investors’ meetings and is United States, and the securities of the Company have not been and will not be registered under the provided solely for informational purposes. A distribution of this document is not p
Slide 3: Overview
OVERVIEW 4 PORR at a Glance 12 PORR Next Level 23 Facts and Figures 33 Strategy 42 Financial Performance Investor Presentation 26.05.2026 I Page 3
Slide 4: PORR at a Glance
1 PORRAT A GLANCE 26.05.2026 I Page 4
Slide 5: Strong Figures
STRONG FIGURES PROFITABILITY & GROWTH EUR ~6.3 bn EUR >9.5 bn Revenue / +1.7% Order backlog / +11.7% EUR 196.7m ~21,000 EBIT / margin 3.1% Staff Date as of 31.12.2025 / Changes to previous year Investor Presentation 26.05.2026 I Page 5
Slide 6: Clear Focus on Europe
CLEAR FOCUS ON EUROPE SEVEN HOME MARKETS DACH 73.1% CEE 25.3% 46.2% 14.3% 25.5% 5.4% 1.4% 5.6% 54.8% Civil Engineering 26.9% Non-residential building constr. 8.1% Residential building constr. 10.2% Environmental & Miscellaneous 98% Home markets Production output as of 31.12.2025 Rounding differences
Slide 7: Our USP
CON N ST IG R ES UC D TIO N OUR USP ONE-STOP N D EM O SHOP ATI OL OV ITI EN ON R O PERATION Investor Presentation 26.05.2026 I Page 7
Slide 8: With Design & Build One Step Ahead
WITH DESIGN & BUILD ONE STEP AHEAD Healthcare Value • Industrial Finished construction & ongoing and PPE facilities infrastructure projects ▪ Early design involvement enables construction optimisation ▪ Improved construction processes Focus Markets – risk mitigation ▪ Margin improvement and higher p
Slide 9: The 4 D's of PORR
THE 4 D‘S OF PORR DEMAND IN INFRASTRUCTURE AND BUILDINGS Deglobalisation Decarbonisation Digitalisation Demographic change Regionalisation & Climate neutrality & Artificial intelligence & Urbanisation & resilience +1.5°C maximum digital construction ageing society Nearshoring and reshoring to Energy
Slide 10: Highlights out of the Order Book
HIGHLIGHTS OUT OF THE ORDER BOOK Deglobalisation Decarbonisation Digitalisation Demographic change Pharma-production plant Pumped-storage plant Data center Healthcare facility Eli Lilly, Alzey, DE Limberg, AT BER12, DE MIA Health Centre Liesing, AT Car manufacturing Railway tunnel Energy infrastruct
Slide 11: Results of PORR 2025 at a Glance
RESULTS OF PORR 2025 AT A GLANCE Profit (in EUR m) Return on Equity1 (in %) Dividend per share Earnings per share Share price 16.3% 1.052 +134.0% 136.7 +7.3 PP 3.00 +123% 9.0% +110% 61.4 0.50 +154% 1.18 2021 2025 2021 2025 2021 2025 2021 2025 1 Calculation ROE = Profit attributable to shareholders o
Slide 12: PORR Next Level
2 PORRNEXT LEVEL 26.05.2026 I Page 12
Slide 13: Bottom Line Impacts
BOTTOM LINE IMPACTS COST CONTROL AND RISK MANAGEMENT TO ENHANCE OPERATIONS EBIT margin (in %) Peer Group Average: 3.5% - 4.0% 3.7% 3.1% >3.1% 2.6% 2.3% 2.1% Improvements: 1.8% ▪ Markets & products ▪ Lean construction ▪ Cost control ▪ Risk management 2021 2022 2023 2024 2025 2026 2030 Peer Group Aver
Slide 14: PORR Next Level – Further Growth Secured
PORR NEXT LEVEL FURTHER GROWTH SECURED oö8 mc Market to more .,l Growth 2026: 6.8% Healthcare Data centres than double until 2031 1 tn euro for Energy European transition Modular 4.6% climate neutrality residential CAGR in EU 3.2% growth Investments 2026: EPC Railways until 2034 EUR >20 bn from ÖBB,
Slide 15: Healthcare – Joined Forces with VSG
HEALTHCARE JOINED FORCES WITH VSG Quickly expanding market PORR x VSG University Hospital, Austria ▪ Growing population in need of ▪ One-stop shop with >150 healthcare infrastructure employees ▪ Sustainable CAGR of ~3% of ▪ Strengthened capabilities and buildings for health in Europe highly speciali
Slide 16: Datacenters
DATACENTERS STRUCTURAL DEMAND DRIVEN BY AI AND CLOUD SERVICES Ongoing investments PORR Datacenters BER12 Datacenter, DE ▪ FLAP-D markets remain essential ▪ Strong track record: 7 data in Europe, strong uplift in CEE, centres built and delivered on- Nordics and Southern Europe time putting PORR among
Slide 17: Pharma Industrial Construction
PHARMA INDUSTRIAL CONSTRUCTION INVESTMENTS ON THE RISE Market Outlook PORR Industriebau x PPE Eli Lilly, Alzey, DE CapEx in DACH (in EUR bn) ▪ Broad portfolio across all market segments 10 ▪ Multidisciplinary team 8 integrating process, utilities and facility expertise 6 ▪ Globally recognized adviso
Slide 18: Modular Residential Construction
MODULAR RESIDENTIAL CONSTRUCTION AS A SOLUTION FOR AFFORDABLE HOUSING Market Outlook PORR Living LeopoldQuartier, AT Production output residential construction ▪ -20% construction costs with (in EUR bn) PORR LIVING - faster delivery, 300 optimised space and lower operating costs 200 ▪ Hybrid constru
Slide 19: Strong Infrastructure Demand
STRONG INFRASTRUCTURE DEMAND MULTI-YEAR PIPELINE SECURED BY PUBLIC FUNDING .,lmcoö 8 EUR 3.3 bn annually in railway infrastructure Rail & Transport EUR 1.2 bn annually in road infrastructure EUR 32 bn – AT, EUR 45 bn – DE, EUR 1.0 bn annually in residential construction EUR 41 bn – PL, EUR 2.5 bn –
Slide 20: Lean@PORR
LEAN@PORR CONTINUOUS IMPROVEMENT Profitability Scalability +24% EBIT (vs. 2024) At nearly the same production output Higher margins Efficient growth … cost reduction … growth without sustainably improves proportional cost margins increases >30% awareness Employees with LEAN experiences Transparency
Slide 21: Cost Control
COST CONTROL RENEWED FOCUS ON DISCIPLINE Overhead cost in % of revenue 8.2% Group-wide Absolute reductions programme for of EUR 41m 7.6% cost control 7.4% 6.7% 2025: Cost decrease through efficiency gains 2020 2022 2024 2025 2030 Limberg III Salzburg, Austria Investor Presentation 26.05.2026 I Page
Slide 22: Risk Management with Project Diversification
RISK MANAGEMENT WITH PROJECT DIVERSIFICATION GATE SYSTEM FOR LARGE-SCALE PROJECT Gate system for optimal control Number of projects per Share of production output project volume (#)1 per volume class (in %) >100m 54 29.8% Acquisition 50-100m 81 13.3% 2 milestones 20-50m 176 16.3% Construction & proj
Slide 23: Facts Q1 and Results
3 FACTSQ1ANDRESULTS FIGURES 2026 26.05.2026 I Page 23
Slide 24: Q1/26 at a Glance
Q1/26 AT A GLANCE 1 Uncut demand in infrastructure PL & CEE countries still growth drivers 4 Solid output and revenue development Output growth of 2.3% despite harsh winter 2 Increased order intake AT / CH +20%, DE +36% 5 Margin improvement on track +15 bps due to reduced input cost 3 All-time high
Slide 25: Improving Outlook
IMPROVING OUTLOOK RISING DEMAND AND OUTPUT Annual construction growth rates (in %) 2026 investments in DE vs. AT (in EUR bn) 3.9% 3.2% 3.3% 21.3 2.1 8.8 6.0 2.7 0.5 2.4% 2.2% 1.9% RRF: investments 5.6 in healthcare, 26.7 2026e 2027e 2028e 2026e 2027e 2028e education, energy & digital transition Euro
Slide 26: Supply and Input Cost Security
SUPPLY AND INPUT COST SECURITY MATERIALS FIXED AND ENERGY PRICES HEDGED Construction input costs (indexed per Dec. 2020) Energy prices (indexed per Dec. 2020) 250 600 225 500 200 400 175 300 150 125 200 100 100 Jan. 21 Jan. 22 Jan. 23 Jan. 24 Jan. 25 Jan. 26 Jan. 21 Jan. 22 Jan. 23 Jan. 24 Jan. 25 J
Slide 27: Order Intake
ORDER INTAKE CONTINUED HIGH DEMAND Order intake (in EUR m) 1,765 1,539 3% 7% 9% 9% 22% 29% +14.7% 68% 53% Q1/2025 Q1/2026 Civil engineering Non-residential Residential Miscellaneous ▪ Strong growth in PL (+106%), good momentum in DE (+36%) and AT / CH (+20%) ▪ Infrastructure DE picks up, investments
Slide 28: Top Order Intakes
TOP ORDER INTAKES FIGURES IN EUR Civil engineering Other Non-residential construction Residential construction Q2/25 Q3/25 Q4/25 Q1/26 • Design & Build Railway • LK108 Railway Jasło – • Incineration plant ITPO • Motorway S6 – section 1 Craiova - Caransebeș Nowy Zagórz Wloclawek / PL / 119.1m PL / 14
Slide 29: Top Backlog
TOP BACKLOG NEW ALL-TIME HIGH Order backlog (in EUR m) 10,004 AT / CH 6% +18% 8,812 7% 6% 8% 26% 30% +13.5% 7% 61% 56% Q1/2025 Q1/2026 Civil engineering Non-residential Residential Miscellaneous ▪ Highest increases in segment CEE (+41%) & PL (+23%) ▪ Major design & build infrastructure projects cont
Slide 30: Stable Revenue
STABLE REVENUE DESIGN & BUILD ORDERS VISIBLE Revenue (in EUR m) 1,265 1,245 Q1/2025 Q1/2026 ▪ Harsh winter affecting AT & DE ▪ Growth in PL & CEE based on strong backlog ▪ Development of output positive (+2.3%), including pro rata share of JVs Bochnia northern bypass Poland Rounding differences may
Slide 31: Margin Improvement
MARGIN IMPROVEMENT ON TRACK EBIT (in EUR m) EBIT (in % from revenue) 14.3 12.6 1.1% 1.0% Q1/2025 Q1/2026 ▪ Absolute savings in cost of materials ▪ Increased JV results Luegbrücke Austria Investor Presentation 26.05.2026 I Page 31
Slide 32: Outlook
OUTLOOK Moderate growth in revenue and output Improved EBIT margin 2030 EBIT margin 3.5% - 4.0% Investor Presentation 26.05.2026 I Page 32
Slide 33: Strategy – Green and Lean
4 STRATEGY GREEN AND LEAN 26.05.2026 I Page 33
Slide 34: Focus on Intelligent Growth
FOCUS ON INTELLIGENT GROWTH WITH GREEN AND LEAN Intelligent Growth Green and Lean Company Employees Lean ESG Best in class for We live our Lean Clear commitment to ecological, construction & technologies PORR principles Construction environmentally-friendly construction Build on leading The Best Lea
Slide 35: Sustainable Services by PORR
SUSTAINABLE SERVICES BY PORR HOME OF SUSTAINABLE CONSTRUCTION Lower-emission All-in-One Materials Energy Concepts • CO₂-optimised construction materials • Smart construction site containers, from our own production and procurement solar power, and green electricity • In-house asphalt and concrete pl
Slide 36: Decarbonisation Plan
DECARBONISATION PLAN OUR STRATEGY 2030 Energy transition Climate-friendly Our with green electricity real estate Commitment Scope 1 & 2 Scope 3 GHG emissions GHG emissions Alternative Base year 2024 Base year 2024 fuels & -43% -25% electrification Optimised 2025 -22.5% 2025 -12.9% 7 mixing processes
Slide 37: Display of ESG Commitment
DISPLAY OF ESG COMMITTMENT OVERVIEW 2025 Ratings Awards A- AA Gold Climate Change C+ „Excellence“ Top Rating in the Top 3 % in the PORR „Leading B Prime Segment Water Industry Industry Company“ Top 3 Construction Industry Further information: www.porr-group.com/esg-ratings Investor Presentation 26.0
Slide 38: Sustainability Performance – Environment
SUSTAINABILITY PERFORMANCE ENVIRONMENT Decarbonisation Decarbonisation Circularity GHG emissions Scope 1 & 2 GHG emissions Scope 3 Internal recycling rate (in kt CO₂e) (in kt CO₂e) (in %) 224.1 224,1 4,072 4 071,8 70.0 70,0 33,546 546,2 57,2 57.2 173.6 173,6 33,096 095,9 51.1 51,1 -22.5% 127.7 127,7
Slide 39: Sustainability Performance – Social & Governance
SUSTAINABILITY PERFORMANCE SOCIAL & GOVERNANCE Equal opportunities Occupational safety Governance Proportion of women at PORR LTIFR Training on compliance & (in %) (per 1 million hours) anticorruption (in %) 18.0 13.5 13,5 12.1 12,1 96.5 96,5 ≥ 98,0 95.0 17.0 -10.4% 88.7 88,7 16.7 +7.8% 5.0 5,0 8.8%
Slide 40: Total & General Contractor
TOTAL & GENERAL CONTRACTOR ONE-STOP SHOP CONSTRUCTION VALUE CHAIN Investor Presentation 26.05.2026 I Page 40
Slide 41: Driven by Innovation
DRIVEN BY INNOVATION RECOGNISED BY THE MARKET Austria’s Most Innovative Gypsum-to-Gypsum Laser Scanning & Digital Twin Share 2025 plant Mobile Mapping Smart street Modular Buildings Digital Tracking Investor Presentation 26.05.2026 I Page 41
Slide 42: Financial Performance FY/25
5 FINANCIAL FY/25 PERFORMANCE 26.05.2026 I Page 42
Slide 43: Key Financials 2025
KEY FINANCIALS 2025 AT A GLANCE Operating data in EUR m 2025 Change 2024 2023 2022 Production output1 6,818 1.0% 6,747 6,577 6,226 Revenue 6,295.9 1.7% 6,190.5 6,048.5 5,786.0 EBIT 196.7 24.2% 158.4 140.3 120.1 EBT 180.4 24.4% 145.1 130.7 110.0 Profit 136.7 25.6% 108.9 95.0 82.6 Earnings per share (
Slide 44: Consolidated Income Statement 2025
CONSOLIDATED INCOME STATEMENT 2025 & KEY RATIOS In EUR m 2025 Change 2024 2023 2022 Revenue 6,295.9 1.7% 6,190.5 6,048.5 5,786.0 EBITDA 409.4 11.0 % 368.8 344.3 318.9 in % of revenue 6.5% 0.5 PP 6.0% 5.7% 5.5% EBIT 196.7 24,2% 158.4 140.3 120.1 in % of revenue 3.1% 0.5 PP 2.6% 2.3% 2.1% EBT 180.4 24
Slide 45: Statement of Financial Position 2025 – Assets
STATEMENT OF FINANCIAL POSITION 2025 CONSOLIDATED Assets in EUR m 31.12.2025 Change 31.12.2024 31.12.2023 31.12.2022 Intangible assets 244.6 10.3% 221.7 185.4 194.1 Property, plant and equipment 1,277.4 0.7% 1,269.2 1,166.4 1,055.3 Investment property 38.1 4.7% 36.4 35.0 33.9 Shareholdings in compan
Slide 46: Statement of Financial Position 2025 – Equity and Liabilities
STATEMENT OF FINANCIAL POSITION 2025 CONSOLIDATED 31.12.2025 Change 31.12.2024 31.12.2023 31.12.2022 Equity and Liabilities in EUR m Share capital 39.3 - 39.3 39.3 39.3 Capital reserve 370.9 3.4% 358.8 358.8 358.8 Profit-participation rights/hybrid 163.5 -22.8% 211.8 247.5 247.5 capital Other reserv
Slide 47: Cash Flow Statement 2025
CASH FLOW STATEMENT 2025 CONSOLIDATED Equity and Liabilities in EUR m 2025 Change 2024 2023 2022 Profit 136.7 25.6% 108.9 95.0 82.6 Operating cash flow 328.1 11.0% 295.7 295.0 267.6 Cash flow from working capital 50.3 -36.3% 78.8 -18.6 19.3 Cash flow from operating activities 378.3 1.0% 374.5 276.4
Slide 48: Increase in Equity
INCREASE IN EQUITY DESPITE HYBRID REDEMPTION Equity (in EUR m) and equity ratio (in %) 964 860 894 799 ▪ Increasing equity and ratio despite redemption of hybrid bond (Feb. 20.8% 21.1% 21.1% 2025 of EUR 46.5m) 19.3% ▪ Rise of free float, institutional investors and liquidity in PORR share following
Slide 49: Improvement in Cash Flow from Operations
IMPROVEMENT IN CASH FLOW FROM OPERATIONS STRONG FREE CASH FLOW Cash flow from operations (in EUR m) Net cash (in EUR m) 375 378 93 287 276 145 59 96 236 40 177 <-100% 191 233 99 138 2022 2023 2024 2025 -2 2022 2023 2024 2025 Cash flow from investing activities Free cash flow ▪ Strong operating und f
Slide 50: Segment Reporting – Order Intake in 2025
SEGMENT REPORTING ORDER INTAKE IN 2025 Group AT / CH DE PL CEE INFRA 1,230 1,224 1,166 480 3,330 Order intake 7,813 3,279 1,421 Change in % 6,846 1,185 in EUR m 860 14.1% 1.6% 20.0% -0.6% 35.5% >100% 169 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 ▪ Design & Build ▪ ARGE Kachlet ▪ Co
Slide 51: Growing Backlog
Airport GROWING BACKLOG Otopeni, Romania BOOK TO BILL 2025 Revenue (in EUR m) Book to bill1 ratio Order backlog (in EUR m) Changes (in %) 1.5 (+9.8%) 315 (+62.8%) 1,241 32 AT / CH: 1.1 (+15.0%) (-5.7%) 2,861 500 DE: 1.2 (-17.3%) (+12.4%) 701 PL: 2.0 (+12.2%) 1,375 Total Total (+54.9%) CEE: 2.0 (+77.
Slide 52: Margin Improvement Across All Segments
MARGIN IMPROVEMENT ACROSS ALL SEGMENTS 120.3 EBIT (in EUR m) 2025 4.7% EBIT (in % from revenue) 2025 122.1 EBIT (in EUR m) 2024 4.7% EBIT (in % from revenue) 2024 38.8 2.5% 31.7 3.3% 28.2 4.0% 3.4 24.0 0.7% 1.8% 20.3 2.2% 26.4 -17.0 3.3% -4.2% AT / CH DE PL CEE INFRA DC Tower Representation of opera
Slide 53: PORR Share Price
PORR SHARE PRICE STRONG PERFORMANCE DRIVES INSTITUTIONAL INTEREST 31.03.26 Institutional / retail Distribution of free EUR 35.80 split identification float (Change to 03/25) 3,00 + 154 % 45 31.12.25 7.7% 4.1% AT EUR 32.15 9.3% 14.9% 14.5% Share price in EUR Retail -15.1 PP Earnings per share in EUR
Slide 54: Dividend
DIVIDEND FOCUS ON SHAREHOLDER VALUE Dividend per share (in EUR), Dividend yield (in %) 1.05 0.90 0.75 0.60 5.1% 5.9% 5.1% 3.3%1 2022 2023 2024 2025 ▪ Payout ratio at 35.0% ▪ Total shareholder return of 87.1% in 2025 ▪ Continuous dividend policy of 30-50% payout ratio Gravel and concrete plant Austri
Slide 55: Broker Coverage
BROKER COVERAGE ANALYST RECOMMENDATIONS Institution Analysts Price Target Recommendation Last Update Raiffeisenbank International Gregor Koppensteiner 37.0 Buy 30.03.2026 ODDO BHF Austria Markus Remis 41.5 Outperform 30.03.2026 ERSTE Group Michael Marschallinger 39.5 Accumulate 27.03.2026 Warburg Re
Slide 56: Service – Investor Relations
SERVICE INVESTOR RELATIONS Share information Next events ISIN AT0000609607 Ticker POS VI 27-Aug-26• Half Yearly Financial Report No. of shares 39,278,250 Market Vienna Stock 18-Nov-26• Hybrid bond 2021 Exch. / prime 19-Nov-26• Report for the 3 rd Quarter IR Contact +43 (0) 50 626-3202 ir@porr-group.