Slide 1: First Half 2022 Financial Results
Turin - Lyon base tunnel, Italy Al Bayt stadium - Al Khor, Qatar First Half 2022 Financial Results Braila bridge – Danube, Romania Three river protection, USA July 29, 2022
Slide 2: Agenda
Agenda Business Update Pietro Salini Chief Executive Officer Financial & Sustainability Development Massimo Ferrari General Manager Corporate and Finance Outlook & Key Takeaways Pietro Salini Chief Executive Officer Q&A 2
Slide 3: Highlights
Highlights RESILIENT FIRST-HALF PERFORMANCE AMID AN EVOLVING MACROECONOMIC ENVIRONMENT BACKLOG €47.2BN ▪ Well diversified backlog: covering 95% of 2022-24 target revenues ▪ Sustainable growth, successfully managing raw materials cost increases and supply chain disruptions NEW ORDERS €8.1BN SOLID MAR
Slide 4: People are our main asset
People are our main asset 108 nationalities 2020 1H 2022 36% of Woman in Corporate 8,000 45% ; 50% Global new hiring employees headcounts under 35(2) in 1H 2022 Data as at June 2022 ; 50% First Half 2022 Financial Results (1) Direct and indirect workforce 4 (2) On total direct employees
Slide 5: 2022 target exceeded thanks to strong intake
2022 target exceeded thanks to strong intake Key Facts Strong commercial positioning in core markets, in line with 2021 record year North America Europe Total per €8.1bn €3.2bn geographic area new orders year to €1.4bn Contracts for NORWAY which Webuild is date(1), with Sotra Connection the best bid
Slide 6: High quality construction backlog, covering 95% of 2022-24 revenues
High quality construction backlog, covering 95% of 2022-24 revenues Key Facts 1H 2022 Construction Backlog(1) by geography +4.4% Italy; 41% vs FY 2021 €38bn €37bn €47bn Europe; 11% total backlog, of which South €38bn €38bn construction(1) €27bn America; 6% North America; 9% Asia; 4% Australia; 13% A
Slide 7: PNRR a unique opportunity for Italy: €13bn of strategic infrastructures to go to tender in 2022
PNRR a unique opportunity for Italy: €13bn of strategic infrastructures to go to tender in 2022 Key Facts Projects financed by PNRR(1) Projects currently in backlog financed by PNRR Verona-Brenner Pavia-Milan-Rogoredo Venice airport link Codogno-Mantova €38bn Orte-Falconara Catania-Messina (lot Geno
Slide 8: Progress on new businesses: infrastructure maintenance, water and data centres
Progress on new businesses: infrastructure maintenance, water and data centres “Acqua per la vita” project for Italy(1) Infrastructure maintenance Data centres 9 cities rationing water distribution (all in Southern Italy) new business model based on global market CAGR General Contractor, grouping +1
Slide 9: Deliver value with strong backlog, greater efficiency, cash flow and new business lines
Deliver value with strong backlog, greater efficiency, cash flow and new business lines Main 2022-2024 drivers Sustainable growth ▪ Execute order backlog that covers >95% of 2022-24 targeted revenues with strict control over cost and contract management Rigorous project ▪ Pursue de-risking strategy
Slide 10: Financial & Sustainability Development
Agenda Financial & Sustainability Development Massimo Ferrari General Manager Corporate and Finance 10
Slide 11: Resilient operating performance
Resilient operating performance Operating results (€m) +24% Top line growth by 24% and 3,873 profitability improvement: EBITDA 3,129 up 33%; EBIT up 37% driven by: Revenues ▪ quality of construction backlog: 80% of revenues in low-risk (1) (1) countries 1H 2021 1H 2022 ▪ works carried out in partner
Slide 12: >80% Revenue generated from low-risk countries
>80% Revenue generated from low-risk countries(1) Revenues in FY 2018 Revenues by activity(3) Revenues in FY 2021 Clean Water; 6% 18% 19% Sustainable Revenues in 1H 2022 Mobility; 61% 12% Other; 7% Green Buildings; 4% Europe 32% 28% Clean Hydro Energy; 21% 10% 29% 26% 21% 21% Continuing focus on pro
Slide 13: Cost inflation coverage for our portfolio: better visibility on margins
Cost inflation coverage for our portfolio: better visibility on margins Key Facts Resources earmarked by the Italian government to cover increase in prices on raw materials(2) € bn Most international 10.1 contracts are drawn in accordance with FIDIC(1), which provide 4.3 for revision formula for inc
Slide 14: Significant improved Adjusted Net Profit at €64m
Significant improved of Adjusted Net Profit at €64m 1 Net Financial expenses 1H 1H Var (€m) 2021(1) 2022(1) (€m) 1H 2021(1) 1H 2022(1) Var Bank charges, commissions and guarantees (28) (25) 4 Bond charges (36) (39) (3) EBIT 91 124 34 Leasing (3) (3) 0 Financial income 30 67 37 A Other (35) (22) 13 F
Slide 15: Financial trajectory on track to achieve FY 2022 target
Financial trajectory on track to achieve FY 2022 target Net Financial Position on track for FY 2022 target Gross Debt in line with FY21 levels (€m) Progressive improvement (€m) Deleveraging path 467 (442) (397) (540) 3,560 (1,099) 3,107 2,968 2,655 2,775 1H 2020 FY 2020 1H 2021 FY 2021 1H 2022 1H 20
Slide 16: Well positioned to face rising interest rates: limited debt maturities until 2024
Well positioned to face rising interest rates: limited debt maturities until 2024 and >85% of corporate debt at fixed rate Key Facts M/L Corporate Debt €400m Average Cost of Debt 3.8% new “sustainability linked” bond 750 500 in Jan. 2022 400 250 Duration (years) 3.20 70 71 122 86 >85% 2022 2023 2024
Slide 17: ESG at the Core of Webuild's Strategy
ESG at the Core of Webuild’s Strategy Main achievements of 1H 2022 CO2 emission reduction(1) Integrated (ton) Our targets Italian Sustainaiblity 2.304.594 Europe Climate Covernance Index 1.905.614 1.806.386 Leaders 2022 Leaders 2022 Leaders 2022 2019 2021 2030 APPROVED 1,7 injuries per million worke
Slide 18: Outlook & Key Takeaways
Agenda Outlook & Key Takeaways Pietro Salini Chief Executive Officer 18
Slide 19: Outlook confirmed
Outlook confirmed Key takeaways FY 2022 FY 2021 1H 2022 target Book-to-bill >1.0x(1) ✓ Resilient 1H 2022 results: business still growing and balance sheet has improved (€bn) 7.0-7.5 ✓ Inflationary pressures well managed: 6.7 thanks to price revision mechanisms in our Revenues 3.9 contracts and recen
Slide 20: Appendix
Appendix 20
Slide 21: Income Statement
Income Statement Webuild Group Reclassified statement of profit or loss adjusted 1° half 2021 Adjusted 1° half 2022 Adjusted Joint ventures not Joint ventures not Webuild PPA backlog Webuild PPA backlog Impairment controlled by Adjusted controlled by Adjusted Group (*) Astaldi Group Astaldi Ukraine
Slide 22: Income Statement
Income Statement Webuild Group Reclassified statement of profit or loss 1° half 2021 1° half 2022 (*) (€/000) Total revenue and other income 3.038.721 3.835.481 Total operating expenses (2.863.794) (3.579.812) Gross operating profit (EBITDA) 174.927 255.669 EBITDA % 5,8% 6,7% Impairment losses (6.36
Slide 23: Statement of Financial Position
Statement of Financial Position Webuild Group Reclassified statement of financial position 30 june 2021 31 december 2021 30 june 2022 (€/000) (*) Non-current assets 1.982.664 1.992.500 2.058.358 Goodwil 72.151 78.496 84.906 Non-current assets (liabilities) held for sale (4.561) 24.849 27.891 Provisi
Slide 24: Net Financial Position
Net Financial Position Webuild Group Net financial indebtedness (€/000) 30 june 2021 31 december 2021 30 june 2022 Non-current financial assets 319.094 418.511 472.236 Current financial assets 388.762 313.241 377.521 Cash and cash equivalents 1.714.739 2.370.032 1.520.000 Total cash and cash equival
Slide 25: We are at forefront to fight climate change
We are at forefront to fight climate change Webuild’s 2030 emission reduction targets approved by Science Based Targets initiative 123kton CO2 emission reduction (Scope 1&2 vs 2019) -15% (-274kton CO2 emission) Our targets -25.8% Scope 3 Carbon emissions Only from purchased reduction (%) 476.621 429
Slide 26: Safety remains top priority
Safety remains top priority Webuild is committed to further accelerating its focus on health and safety Lost Time Injury Frequency Rate (LTIFR)(1) -35.2% 4,8 3,3 3,0 3,1 2,8 2,7 In line to reach our 1,7 injuries per million target worked hours reduced between 2017 and 1H 2022 -40% LTIFR 2017 2018 20
Slide 27: Innovation at the base of our ESG strategy
Innovation at the base of our ESG strategy Innovative solution as enabler of our ESG targets ~290 Green TBM Reducedwater and energy consumption Average number of employees per year dedicated to innovation, R&D DESIGN, PLANNING, DEVELOPMENT Investment Robotic green Reducedlifecycle in innovation 111
Slide 28: Safe Harbour
Safe Harbour This presentation may contain forward-looking objectives and statements about Webuild’s financial situation, operating results, business activities and expansion strategy. These objectives and statements are based on assumptions that are dependent upon significant risk and uncertainty f
Slide 29: Thank you
Thank you