Slide 1: Analysts/Media Conference, 19 August 2026
Heaven, Bruckmann Quarter, Munich, Germany Analysts/Media Conference, Glattpark (Opfikon), 19 August 2026
Slide 2: Business Update, Finance Update, Outlook, Q&A
BUSINESS UPDATE Jens Vollmar CEO FINANCE UPDATE Stefan Baumgärtner CFO OUTLOOK Jens Vollmar CEO Q&A Jens Vollmar CEO / Stefan Baumgärtner CFO 2
Slide 3: Brenner Base Tunnel southern access route, Italy
Brenner Base Tunnel southern access route, Fortezza–Ponte Gardena railway line, Italy 3
Slide 4: Growth prospects driven by market momentum, strong order book and an acquisition
BUSINESS UPDATE GROWTH PROSPECTS DRIVEN BY POSITIVE MARKET MOMENTUM, STRONG ORDER BOOK AND AN ACQUISITION – PRIMER PUBLISHED Diversified business portfolio enhances Order book further increased with resilience & stability amid macroeconomic improved pre-calculated margin, including volatility: Limit
Slide 5: Implenia increases order book, operating profit and margin
BUSINESS UPDATE IMPLENIA INCREASES ORDER BOOK, OPERATING PROFIT AND MARGIN COMPARED TO PRIOR YEAR Order book Operating profit Operating margin Free cash flow Equity ratio CHF (EBIT) CHF (EBIT margin) CHF 8.5bn 60.4m 3.4% -117.7m 23.4% (+9.6%) (+6.0%) (+0.3 ppt) (+51m) (+2.2 ppt) 5
Slide 6: Integrated offering across buildings, civil engineering & services
BUSINESS UPDATE INTEGRATED OFFERING ACROSS BUILDINGS, CIVIL ENGINEERING & SERVICES Cantonal Hospital Aarau, End-to-end real estate service provider for development, production and modernisation in Switzerland and Germany Switzerland ▪ Real Estate Development ▪ Master builder ▪ New-build and modernis
Slide 7: Buildings – first major defence contracts secured
BUSINESS UPDATE BUILDINGS – FIRST MAJOR DEFENCE CONTRACTS SECURED Data centre, Beringen, Switzerland 3,010 (+17.1%) 859 (-1.3%) 37.5 (-9.7%) ▪ Strong increase in order book, driven by defence & education buildings in Germany, Order book Revenue EBIT, EBIT margin as well as data centre and modernisat
Slide 8: Buildings project examples
Police headquarters, Münster, Germany The Park, Gstaad, Switzerland Zypressenstrasse, Zurich, Switzerland GYBUS, Gymnase de Bussigny, Switzerland Department of Biomedicine, Basel, Switzerland Administration centre, Beelitz, Germany Schindler site, Schlieren, Switzerland 8
Slide 9: Civil Engineering – profitability of tunnelling and civil engineering continues to improve
BUSINESS UPDATE CIVIL ENGINEERING – PROFITABILITY OF TUNNELLING AND CIVIL ENGINEERING CONTINUES TO IMPROVE Sisikon Tunnel, Switzerland 5,445 (+5.7%) 926 (-8.1%) 18.8 (+18.2%) ▪ Order book continued to increase, driven in particular by project wins in bridge Order book Revenue EBIT, EBIT margin const
Slide 10: Civil Engineering project examples
Rogfast Korsvägen railway Tunnel, station, Norway Kvitsøy,Sweden Gothenburg, Bridges, Karlsruhe–Basel railway line, Germany MehrSpur Zurich–Winterthur, Switzerland Deep geological repository, Forsmark, Sweden Gotthard, second road tunnel tube, Switzerland Marktbreit Main Bridge, Germany Second core
Slide 11: Service Solutions – zigmo acquisition strengthens planning capabilities
BUSINESS UPDATE New construction of school centre, Nuremberg, SERVICE SOLUTIONS – ZIGMO ACQUISITION STRENGTHENS PLANNING CAPABILITIES IN GERMANY Germany (BCL Baulogistik) 85.7 (+3.5%) 121 (-2.1%) 11.7 (+25.6%) ▪ Assets under management (AuM) increased. Significant mandates won, i.e. for Fondiaria Wi
Slide 12: Service Solutions project examples
Shopping Arena, St. Gallen, Switzerland Rebstockbad, Frankfurt am Main, Germany (Wincasa / building construction) (BCL Baulogistik) German Cancer Research Center, Heidelberg Hochpunkt H, Mannheim, Germany (zigmo engineering / building construction) Heuweg, Aarau, Switzerland (Encira) Dohlenweg, Zuri
Slide 13: Examples of cross-divisional progress in the first half
BUSINESS UPDATE EXAMPLES OF CROSS-DIVISIONAL PROGRESS IN THE FIRST HALF OF THE YEAR New orders in specialisations AI initiative “10,000 volts” Culture as a strategic success factor ▪ MEP (mechanical, electrical, plumbing) fit-out ▪ Group-wide, secure and effective rollout and ▪ Embedding culture in
Slide 14: Implenia
G Implenia
Slide 15: Brenner Base Tunnel southern access route, Italy
Brenner Base Tunnel southern access route, Fortezza–Ponte Gardena railway line, Italy 15
Slide 16: Group – short- to mid-term visibility confirmed, EBIT margin improved
FINANCE UPDATE IMPLENIA GROUP – SHORT- TO MID-TERM VISIBILITY CONFIRMED, EBIT MARGIN IMPROVED Jardins en ville, Vevey, Switzerland 8,524 (+9.6%) 1,767 (-4.8%) 60.4 (+6.0%) ▪ Higher order book further enhances mid-term visibility. Higher revenue expected Order book Revenue EBIT, EBIT margin for FY.27
Slide 17: Increase in EBIT, consolidated profit and margin
FINANCE UPDATE INCREASE IN EBIT, CONSOLIDATED PROFIT AND MARGIN Consolidated income statement (abridged) CHF m HY1.26 HY1.25 ▪ Low single-digit million growth investments made, on track to reach approximately CHF 10-20 million in FY.26 Revenue 1,766.8 1,855.9 ▪ EBIT margin further increased by 0.3 p
Slide 18: Improved free cash flow in seasonally weaker first half
FINANCE UPDATE IMPROVED FREE CASH FLOW IN THE SEASONALLY WEAKER FIRST HALF OF 2026 Free cash flow HY1.26 CHF m 52.9 ▪ (Free) cash flow in the first half of the year subject to industry-related 60.4 seasonal effects ▪ Improved cash flow generation (+ CHF 51m): − Higher EBIT -143.5 -25.0 − Positive NW
Slide 19: Increased real estate investments to secure future earnings
FINANCE UPDATE INCREASED REAL ESTATE INVESTMENTS TO SECURE FUTURE EARNINGS Assets (abridged) CHF m 30.6.2026 31.12.2025 30.6.2025 ▪ Year-on-year increase in cash and cash equivalents partly due to improved free cash flow generation Cash and cash equivalents 376.6 533.0 272.0 ▪ NWC and change order m
Slide 20: Equity ratio up 2.2 points and net debt reduced by CHF 80 million
FINANCE UPDATE EQUITY RATIO INCREASED BY 2.2 PERCENTAGE POINTS AND NET DEBT REDUCED BY CHF 80 MILLION YEAR ON YEAR Liabilities (abridged) CHF m 30.6.2026 31.12.2025 30.6.2025 ▪ Trade payables increased due to improved supplier management1) (without increase in amounts owed to creditors) Trade payabl
Slide 21: Sustainable financial performance in recent years
FINANCE UPDATE SUSTAINABLE FINANCIAL PERFORMANCE IN RECENT YEARS Performance HY1.23 HY2.23 HY1.24 HY2.24 HY1.25 HY2.25 HY1.26 HY2.26 ▪ Implenia delivers consistent 73 80 83 EBIT growth, also during the EBIT 50 50 57 60 industry’s seasonally weaker CHF m first half of the year ▪ Free cash flow is sub
Slide 22: Department of Biomedicine, Basel, Switzerland
Department of Biomedicine, Basel, Switzerland 22
Slide 23: Guidance confirmed: higher operating profit expected
OUTLOOK GUIDANCE CONFIRMED: IMPLENIA CONTINUES TO EXPECT HIGHER OPERATING PROFIT Operating profit (EBIT) Operating profit (EBIT) Revenue increase CHF CHF up to CHF 1bn ~150m >150m Equity ratio 25% before extraordinary growth investment of CHF 10–20m EBIT margin 4.5% 23
Slide 24: Implenia is growing with a differentiated offering
IMPLENIA IS GROWING WITH A DIFFERENTIATED OFFERING 24
Slide 25: Financial calendar and investor relations contacts
2026 ANNUAL RESULTS INVESTORS 3 March 2027 Luca Rossi, Head Investor Relations ir@implenia.com, +41 58 474 35 04 ANNUAL GENERAL MEETING MEDIA 31 March 2027 Silvan Merki, Chief Communications Officer communication@implenia.com, +41 58 474 74 77 25
Slide 26: Implenia is growing with a differentiated offering
IMPLENIA IS GROWING WITH A DIFFERENTIATED OFFERING 26
Slide 27: Thanks
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Slide 28: Appendix – FX effects relatively minor
APPENDIX – FX IMPACT FX EFFECTS ARE RELATIVELY MINOR – GREATEST PROPORTIONAL IMPACT ON REVENUE Order book Revenue EBIT CHF m CHF m CHF m +10% +7% ▪ Slightly negative foreign -4% exchange impact, lower 8,524 8,541 1,856 60.4 60.8 than in prior years 1,767 1,781 57.0 7,778 ▪ FX transaction effects rem
Slide 29: Appendix – Exchange rates having limited impact (Group, Buildings)
APPENDIX – FX IMPACT EXCHANGE RATES HAVING RELATIVELY LIMITED IMPACT Implenia Group Division Buildings Order book Revenue EBIT Order book Revenue EBIT CHF m CHF m CHF m CHF m CHF m CHF m 0% +1% +1% +1% +1% 0% 8,524 8,541 1,767 1,781 60.4 60.8 3,010 3,027 859 864 37.5 37.6 HY1.26 HY1.26 HY1.26 HY1.26
Slide 30: Appendix – Exchange rates limited impact (Civil Engineering, Service Solutions)
APPENDIX – FX IMPACT EXCHANGE RATES HAVING RELATIVELY LIMITED IMPACT Division Civil Engineering Division Service Solutions Order book Revenue EBIT Order book Revenue EBIT CHF m CHF m CHF m CHF m CHF m CHF m 0% +1% +1% +2% +1% +1% 5,445 5,443 926 935 18.8 19.1 69 70 121 121 11.7 11.7 HY1.26 HY1.26 HY
Slide 31: Appendix – Copyrights
APPENDIX – COPYRIGHTS Slide 1: Rock Capital Group GmbH Slide 4 (bottom right) and Slide 12 (bottom centre): GBG / Photo: Johannes Vogt Slide 6 (bottom): heinlewischer/dkfz Slide 7: Thomas Martens (top) Slide 8: Spillmann Echsle (top left), University of Basel (top centre), Bolles + Wilson GmbH & Co
Slide 32: Disclaimer
This presentation has been prepared solely for informational purposes and is intended to provide general information regarding Implenia, its business activities and its market positioning. The information contained herein has been obtained from sources believed to be reliable; however, Implenia make