Strabag Se · VIE:STR
Strabag — Investor Presentation (September 2026)
55 slides from Strabag's investor presentation, September 2026
Slide 1: A diversified leader in construction, innovation and financial strength
A diversified leader in construction, innovation and financial strength. Investor Presentation | September 2026
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: The STRABAG value proposition
The STRABAG value proposition diversifiziert Leading. Diversified. Strong market Resilience through positions through 4-fold critical size diversification Financially Innovative. strong. Innovation and Stability through sustainability through financial strength & technology leadership effective risk
Slide 4: Leading.
01 Leading. STRABAG is the largest construction group in CEE, combining local expertise with global reach. 4
Slide 5: A leader in construction, innovation & financial strength
GROUP PROFILE A leader in construction, innovation & financial strength Fully vertically integrated business model 20.4 31.4 6.7% 35.9% Output volume (€ bn) Order backlog (€ bn) EBIT margin Equity ratio Construction materials BBB+, stable ~ 2,400 ~ 89,000 > 50 production S&P rating Employees in inno
Slide 6: We cover the entire value chain in construction
GROUP ACTIVITIES We cover the entire value chain in construction Core business construction Construction materials production A network of > 550 production sites Planning & design > 1,100 engineers in a Construction Development centralised design hub > 650 completed real estate developments Building
Slide 7: We combine local expertise with global reach
GROUP PRESENCE We combine local expertise with global reach Contribution to Group output 93% Europe 1 1 3% APAC 2 3 2 3% Americas 3 4 1% MEA 4 local presence project business APAC: Asia-Pacific | MEA: Middle East & Africa 7
Slide 8: The market environment improves
GROUP PRESENCE The market environment improves 2025 2026 4.1% +7.2% Poland Poland 0.0% 1.3% Germany Germany 4.4% 0.1% Czech Republic Czech Republic 4.3% +0.9% Slovakia Slovakia -0.1% -0.1% Austria -1.5% Austria +1.8% Hungary Hungary -1.9% -6.3% Romania Romania -1.2% +1.2% Croatia Croatia 1) Market d
Slide 9: We are active in promising markets
GROUP PRESENCE #4 We are active in promising markets |2 1 Railway & transportation EU infrastructure investments Cohesion fund 2 2021-2027 German special fund € 107 bn Germany | 2025-2029 € 76 bn 1 Poland for infrastructure € 42 bn Poland | 2025-2032 328 € 35 bn Romania 12 yrs 3 Austria | 2025-2030
Slide 10: Current large-scale projects in progress
GROUP PROJECTS Current large-scale projects in progress Order backlog As % of total Country Project in € mn order backlog Haweswater Aqueduct Resilience United Kingdom 2,636 8.4 Programme (HARP) United Kingdom HS2 high-speed rail line 1,327 4.2 Germany U5 East, Hamburg 431 1.4 Germany Bayerische Ver
Slide 11: Focus on growth markets drives order backlog
GROUP PROJECTS Focus on growth markets drives order backlog I+S 1 N+W 2 I+S 3 Water infrastructure project HARP2), replacing six tunnel 1 sections; design & build incl. 25 years of maintenance Turnkey construction of first 2 phase of Innovation Park Artificial Intelligence (IPAI) ~ € 3.0 bn1) N.A. ~
Slide 12: Key strategic topics for a sustainable 6% EBIT margin by 2030
GROUP STRATEGY Key strategic topics for a sustainable 6% EBIT margin by 2030 Employee focus Circularity Technology leadership promotes our most important asset: helps us fight environmental pollution helps us to constantly become more people. and the shortage of raw materials. efficient and effectiv
Slide 13: Well on track to achieve the goals of Strategy 2030
GROUP STRATEGY Well on track to achieve the goals of Strategy 2030 2022 2030 (base year) 2025 (target year) Output volume (€ bn) 17.7 20.4 CAGR ~ 6% EBIT margin 4.2% 6.7% sustainable 6% Equity ratio 31.7% 35.9% ≥ 25% Dividend payout ratio 43% 37%1) 30–50% WORK ON PROGRESS S&P Rating BBB BBB+ Maintai
Slide 14: Diversified.
02 Diversified. STRABAG is diversified across four areas. This allows us to spread our risk and balance out cyclical and seasonal effects. © Dalmacija News 14
Slide 15: Group resilience through 4-fold diversification
GROUP DIVERSIFICATION Group resilience through 4-fold diversification Diversified by STRABAG Segment Region Project size Client delivers complex 6 2 7 8 7 7 projects of nearly 7 36 14 31 47 46 all sizes and 11 € 20.4 bn 25 € 20.4 bn € 31.4 bn 20 € 20.4 bn 69 segments in over 31 14 12 50 countries Ou
Slide 16: Balanced contributions across operating segments
OPERATING SEGMENTS Balanced contributions across operating segments Output volume Order backlog by segment | % by segment | % 20 32 42 43 € 20.4 bn € 31.4 bn 37 25 North + West South + East Internat. + Special Divisions 2025 FY figures | 4th, non-operating segment “Others”, output volume < 1%, not s
Slide 17: North + West: Germany, Switzerland and others
OPERATING SEGMENTS North + West: Germany, Switzerland and others Construction and transverse launching Segment output by region KEY SEGMENT CHARACTERISTICS of the Rinsdorf Valley Bridge • North + West is the Group’s largest segment • Here we report our construction activities in Germany, Switzerland
Slide 18: South + East: Austria and CEE region
OPERATING SEGMENTS South + East: Austria and CEE region Comprehensive renovation of railway Segment output by region KEY SEGMENT CHARACTERISTICS junction at Česká Třebová • In South + East we report our construction Croatia 3% activities in Austria and the CEE region • CEE includes Poland, the Czech
Slide 19: International + Special Divisions: Pooling specialised expertise
OPERATING SEGMENTS International + Special Divisions: Pooling specialised expertise Construction of a Segment output by region medical facility in KEY SEGMENT CHARACTERISTICS Claremont, Perth • The segment includes our construction 3% Italy activities in the United Kingdom and outside of Europe, as
Slide 20: From raw materials to operations – all from one source
VERTICAL INTEGRATION From raw materials to End-to-end integration for maximum flexibility operations – all from We are pursuing a flexible business model as a way to react quickly to one source. changes in the market environment. We consider this principle to be a key competitive advantage. Our flex
Slide 21: Own construction materials network
> € 1,300 mn > 4,100 556 Output volume Employees (FTE) STRABAG facilities1) VERTICAL INTEGRATION Own construction materials network Our construction materials network secures our supply of resources from within the Group while reducing our dependence on Self-supply of key materials Competitive advan
Slide 22: Real estate project development
> € 600 mn > 250 8 18 > 650 Output volume1) Employees (FTE) Country presence Locations Projects delivered VERTICAL INTEGRATION Real estate project development STRABAG Real Estate (SRE) has been planning, constructing, and selling properties for around 60 years and has also been a service Focus on se
Slide 23: Public-Private Partnerships (PPP)
€ 664 mn € 15.4 bn 44 12% 6%–13% Equity invested Total project Projects ROE minimum WACC range in PPP volume target VERTICAL INTEGRATION Public-Private Partnerships (PPP) We have been working successfully with operator models for more than three decades. Our strong financial position allows us Focus
Slide 24: Flagship PPP projects
VERTICAL INTEGRATION Flagship PPP projects Total project STRABAG Concession Country Project Status volume | € mn share | % until Transportation infrastructures Poland A2 Section II 1,543 10 2037 Operation Hungary M5 Motorway 1,292 100 2031 Operation Hungary M6 Motorway 966 50 2037 Operation Colombia
Slide 25: STRABAG Property and Facility Services (PFS)
> € 1,200 mn > 9,900 6 Output volume Employees (FTE) Country presence VERTICAL INTEGRATION STRABAG Property and Facility Services (PFS) PFS is an integrated building solutions provider and one-stop- Activities Output contribution by region | % Competitive advantage shop for decarbonised buildings –
Slide 26: Innovative.
03 Innovative. STRABAG innovates construction through technology, with emissions reduction targets validated by SBTi. © HS2 26
Slide 27: Innovation is part of our DNA
INNOVATION Innovation is part of our DNA STRABAG stands out by combining Standardisation Digital processes Automation innovation, in-house capabilities and digital scale – turning concepts into construction reality. Selected products by STRABAG Offsite production BIM 5D ® Serial construction STRABAG
Slide 28: We have built a complete technology ecosystem
TECHNOLOGY LEADERSHIP We have built a complete technology ecosystem Digital > 2,400 Production Data Science Hub Employees in innovation & digitalisation BIM 5D ® Robotics & IoT TECHNOLOGY ECOSYSTEM > 250 Innovation projects GIS & Generative Design STRABAG.Maps > 400 Sustainability projects STRABAG s
Slide 29: BMTI – STRABAG's machinery and equipment fleet
> € 4.51) bn Equipment fleet > 25,000 Vehicles Selected innovation projects BMTI BMTI at a glance STRABAG BMTI is the machinery and equipment service provider for the STRABAG Group. It oversees the Group-wide operational management of mobile assets (construction machinery, vehicles and mechanical eq
Slide 30: SID – STRABAG's catalyst for innovation and digitalisation
> 400 Employees (FTE) 12 Countries Selected innovation projects SID > 20 Locations SID at a glance SID (STRABAG Innovation & Digitalisation) is STRABAG's dedicated central unit for driving innovation, digital transformation and sustain- ability across the Group. Its mission is to strengthen and main
Slide 31: TPA – one of the largest private lab networks
> 1,000 Employees (FTE) 16 Countries Selected innovation projects TPA >160 Locations TPA at a glance TPA is STRABAG’s centre of excellence for construction materials and technology, specialising in asphalt, concrete, soil, geotechnics, environmental technology and engineering. As one of Europe’s lar
Slide 32: ZT – STRABAG's internal design and engineering hub
> 1,100 Engineers 11 Countries Selected innovation projects ZT 35 Locations ZT at a glance Zentrale Technik (ZT) is STRABAG’s central hub of technical expertise, supporting projects along the entire construction chain throughout all project phases. ZT plays a key role in driving STRABAG’s technologi
Slide 33: Construction can also be done differently
WORK ON PROGRESS Construction can also Innovation & sustainability through technology leadership be done differently. Through the use of technology, STRABAG is shaping the future of That’s the way we do construction. The focus is on standardisation, digital processes things. and automation. This not
Slide 34: WORK ON PROGRESS means continuous development
SUSTAINABILITY WORK ON PROGRESS means continuous development WORK ON Sustainability Strategy PROGRESS 2025 2021 2022 2023 2025 Sustainability Strategy Group Strategy 2021 2030 People. Planet. Progress. 34
Slide 35: Our focus areas in sustainability
SUSTAINABILITY STRATEGY Our focus areas in sustainability 35
Slide 36: Our contribution to the environment
SUSTAINABILITY STRATEGY Our contribution to the environment Strategic focus topics Decarbonisation1) Circular economy Biodiversity & ecosystems Strategic goals On the basis of science-based targets, we are We are putting circular economy principles into We protect biodiversity and ecosystems by: red
Slide 37: We focus on science-based climate targets
SUSTAINABILITY STRATEGY We focus on science-based climate targets STRABAG commits to SBTi STRABAG is pursuing a science-based reduction path for its CO2e emissions Commitment to the 1.5°C target of the Paris Agreement STRABAG’s climate targets through 2030 are validated by the Science Based Ta
Slide 38: Our commitment to social responsibility
SUSTAINABILITY STRATEGY Our commitment to social responsibility Strategic focus topics Human rights along Our employees the value chain Added value for society Strategic goals We promote the wellbeing of our employees We protect human rights through: We create added value for society by: through: •
Slide 39: Our engagement in governance
SUSTAINABILITY STRATEGY Our engagement in governance Strategic focus topics Fair competition Nachhaltige Unternehmensführung Sustainable Mehrwert für die Gesellschaft corporate governance Strategic goals We avoid corruption and anti-competitive behaviour by: We have established clear structures and
Slide 40: ESG commitment confirmed by solid ratings
ESG RATINGS ESG commitment confirmed by solid ratings Our ESG ratings & ESG commitment Positive results in 2025 ESG ratings CDP “B” score (Climate Change) Sustainalytics 27.8 (medium risk) (last evaluation: Oct. 2025) EcoVadis 77/100 points (94th percentile: silver medal) 40
Slide 41: Financially strong.
04 Financially strong. STRABAG’s financial strength enables agile business opportunities, with a strategic focus on risk management. © STRABAG / Marko Kovic 41
Slide 42: Output and order backlog at record highs
FINANCIAL PERFORMANCE Output and order backlog at record highs Output volume | € mn Proven financial track record Business consolidation from 2013 to 2023 20,424 17,735 19,139 19,239 after a decade of strong inorganic growth 16,323 16,618 16,129 14,621 15,447 13,491 Top-line growth not a strateg
Slide 43: Profitable growth with consistent dividends
FINANCIAL PERFORMANCE Profitable growth with consistent dividends EBIT | € mn and EBIT margin | % Proven financial track record 1,247 1,062 Strong track record of sustainable earnings 896 growth; EBIT CAGR +13% (2016-2025) 880 631 706 Effective risk management as key driver of 558 603 margin exp
Slide 44: Financial strength as a key differentiator
FINANCIAL PERFORMANCE Financial strength as a key differentiator Net cash position | € mn Proven financial track record 3,518 Strong balance sheet as a solid foundation 2,905 2,643 for operational performance 1,937 1,928 1,747 Consistently >30% equity ratio and a net 1,335 1,218 cash position ov
Slide 45: STRABAG on the capital markets
STRABAG SHARE STRABAG on the capital markets STRABAG share price development Shareholder structure (April) | % 150% 2.2 STRABAG ATX STOXX Haselsteiner Family 20.0 27.0 UNIQA/Raiffeisen1) 125% +16% Market cap MKAO “Rasperia € 11.3 10.6 bn Trading Limited” 2) 100% Free float 24.1 26.7 Treasury shares
Slide 46: Proven record of financial solidity
FINANCIAL PERFORMANCE Proven record of financial solidity Output Net cash EBIT Equity ratio Dividend ROCE volume position +6% +9% € 2.6 bn 33% € 1.3 bn +33% CAGR CAGR Ø Ø Paid out Δ 2021–2025 2021–2025 2021–2025 2021–2025 2021–2025 2021–2025 € mn € mn € mn % € per share % 2021 16,129 2021 896 2021 1
Slide 47: Discover more about STRABAG
Discover more about STRABAG Download the latest View the latest Read the latest results presentation online report IR news
Slide 48: Annex
STRABAG WORK ON PROGRESS
Slide 49: How the STRABAG Group is organised
ANNEX How the STRABAG Group is organised Holding Two strong International + brands – Operating North + West South + East Special Divisions building trust, segments shaping the Corporate future Central Corporate Communications Corporate Development Responsibility Office Health, Safety and Wellbeing I
Slide 50: Organisational structure shaped by central units
ANNEX Organisational structure shaped by central units CEO Operating Segments Central Divisions & Central Staff Divisions Board Member Divisions Sub-divisions Chief Executive Officer Chief Financial Officer Subdivision Manager Division Manager Subdivision Manager (CEO) (CFO) BMTI1) BRVZ CML Construc
Slide 51: Experienced Leadership at STRABAG
ANNEX Experienced Leadership at STRABAG Dipl.-Ing. Stefan Kratochwill Mag. Christian Harder Dipl.-Ing. (FH) Jörg Rösler Dipl.-Ing. Siegfried Wanker Dipl.-Ing. (FH) Péter Glöckler CEO CFO Member of the Management Board Member of the Management Board Member of the Management Board Joined STRABAG in 20
Slide 52: The STRABAG story began in 1835
ANNEX The STRABAG story began in 1835 STRABAG Group traces its roots to Anton Lerch- Early on, STRABAG focused on After the Nazi takeover, STRABAG continued In 1953, STRABAG built the Wadi Thartar dam baumer’s family business (1835) & Heinrich Reif- technical achievements, including the construction
Slide 53: Leading market positions
ANNEX Germany Hungary Leading market positions 1 2 STRABAG Vinci 8.9 4.7 1 2 Mészáros Market 1.5 1.0 3 Zech Group 4.3 3 STRABAG 0.7 4 Goldbeck 3.9 4 Duna Aszfalt Group 0.6 5 Max Bögl 2.3 4 WHB Group 0.6 Austria Slovakia 2 1 STRABAG 3.0 1 STRABAG 0.4 1 Porr 3.0 2 Doprastav 0.2 1 Poland 2 Swietelsky 2
Slide 54: Output volume by country
ANNEX Output volume by country € mn 2021 2022 2023 2024 2025 CAGR1) | in % Germany 7,462 8,347 9,045 9,361 9,516 6 Austria 2,694 2,935 3,070 2,856 2,898 2 Poland 1,152 1,126 1,329 1,697 1,918 14 Czech Republic 948 1,093 999 1,017 1,197 6 Hungary 652 688 808 620 592 -2 Australia 0 0 0 0 581 n.a. Amer
Slide 55: Market share data 2025
ANNEX Market share data 2025 Country Construction output | € mn STRABAG output | € mn Market share | in % Germany 467,676 9,516 2.0 Austria 51,443 2,898 5.6 Poland 86,786 1,918 2.2 Czech Republic 35,892 1,197 3.3 Hungary 23,099 592 2.6 United Kingdom 238,677 578 0.2 Romania 45,907 510 1.1 Slovakia 1