Strabag Se · VIE:STR
Strabag — Investor Day (September 2026)
104 slides from Strabag's investor day presentation, Sep 1, 2026
Slide 1: Progress. Delivered. Capital Markets Day 2026
Progress. Delivered. © John Zammit, Absolute Photography Capital Markets Day 2026
Slide 2: Disclaimer
Disclaimer This presentation is made by STRABAG SE (the "Company") solely for use at as being accurate. This presentation contains forward-looking statements relating investor meetings and is furnished to you solely for your information. to the business, financial performance and results of the Comp
Slide 3: Progress. Delivered.
PROGRESS. DELIVERED. CMD 2026 WORK ON PROGRESS
Slide 4: Agenda
Agenda 09:30 – 14:00 Management presentation and Q&A 09:30 – 10:00 Welcome 10:00 – 12:30 Management presentation 12:30 – 13:00 Q&A 13:00 – 14:00 Lunch Stefan Peter Christian Markus Marion Kratochwill Hübner Sadleder Landgraf Henschel 14:00 – 16:30 Hamburg U5 construction site visit (optional) 14:00
Slide 5: Update Strategy 2030
Update Strategy 2030 Stefan Kratochwill CEO
Slide 6: Strategy 2030
STRATEGY 2030 sTRA PLANET (ORK ON PROGRESS
Slide 7: Strategy 2030 translating into measurable results
STRABAG TODAY VS STRATEGY LAUNCH (2022) Strategy 2030 translating into measurable results OUTPUT VOLUME ORDER BACKLOG EBIT MARGIN EMPLOYEES 2026e 6M 2026 2026e 6M 2026 close to € 23 bn 2022: € 17.7 bn € 36.0 bn 2022: 23.7 bn 5.5–6% 2022: 4.2% 90,000 2022: 79,000 CAGR +7% CAGR +13% +130–180 bps +11,0
Slide 8: Resilient EBIT performance through the cycle
STRABAG TODAY VS STRATEGY LAUNCH (2022) Resilient EBIT | € mn and EBIT margin | % performance CAGR +14% Launch of Strategy 2030 through 1,600 5.9 6.1 6.7 7 the cycle 1,400 6 1,247 5.0 1,200 1,062 5 4.3 4.2 Multiple external shocks since 2016, 1,000 3.8 896 3.7 880 4 yet consistent EBIT growth 3.4 3.
Slide 9: Record order backlog supports 2030 targets
STRABAG TODAY VS STRATEGY LAUNCH (2022) Record order backlog supports 2030 targets Order backlog visibility1) | years Share of growth markets | % of backlog Strong order backlog enables +23% vs. 2022 +11 pp vs. 2022 selective bidding approach 1.6 Higher flexibility in project selection 1.3 62% 51% F
Slide 10: Driving decarbonisation with SBTi targets
STRABAG TODAY VS STRATEGY LAUNCH (2022) Driving decarbonisation with SBTi targets SBTi-validated targets 2030 2030 Scope 1 & 2 decarbonisation roadmap1) | t CO2e -236,965 -133,449 -95,651 Construction machinery Asphalt mixing plants Vehicle fleet -42% Scope 1 & 2 -90,172 Construction site power -46,
Slide 11: Strategy 2030
STRATEGY 2030 Country Expanded geographic footprint portfolio Strategy 2030 Business Enhanced business diversification Building a mix broader and even more resilient Depth of Greater control across the value chain value creation STRABAG Technology Driving productivity and scalability leadership 11
Slide 12: Country Portfolio
Country Portfolio © Georgiou Group 12
Slide 13: 2022: Entering Strategy 2030 from a position of strength
COUNTRY PORTFOLIO 2022: Entering Strategy 2030 from a position of strength Market leader in CEE 2 1 Europe-focused 2 1 portfolio 1 3 1 Starting position in 2022 1 Output volume 2022 94% 6% Order backlog local presence project business market position 2022 94% 6% Europe International CEE: Central and
Slide 14: Further diversification to drive long-term resilience
COUNTRY PORTFOLIO Further diversification to drive long-term resilience Legal and political stability Robust public budgets Securing leading Additional focus on Strong compliance standards positions in European stable, low-risk core markets long term international markets Collaborative contract mode
Slide 15: Geographic diversification progressing
COUNTRY PORTFOLIO Geographic diversification progressing Order backlog | € bn Business further diversified CAGR +13% alongside growth in core markets € 36.0 bn Rest of Europe / Rest of World Leading positions in core markets FOCUS MARKETS secured UK, AU, Americas2) € 23.7 bn Business in core markets
Slide 16: Focus markets driving diversification
COUNTRY PORTFOLIO Focus markets driving diversification Order backlog | € bn Share of focus markets CAGR +13% significantly expanded € 36.0 bn Rest of Europe / Rest of World Local presence established in the UK and 20% FOCUS MARKETS initiated in the Americas € 7.1 bn UK, AU, Americas2) € 23.7 bn CAG
Slide 17: Focus market expansion gaining momentum
COUNTRY PORTFOLIO Focus market expansion gaining momentum United Kingdom Americas Australia Canada/GTA1) & Chile € bn € bn € bn 2022 2.2 2022 0.9 3M 20252) 0.7 6M 2026 4.5 6M 2026 1.3 6M 2026 1.3 • Project business in Canada (since 2005) • Successful market entry in 2025 and Chile (since 1987) • Acq
Slide 18: Building scale in attractive markets
COUNTRY PORTFOLIO Building scale in attractive markets Construction market size 20251) | € bn STRABAG order backlog 6M 2026 | € bn Core markets Focus markets DE 16.8 DE 468 AT 3.0 Leading positions AT 51 CEE2) 6.1 CEE2) 214 UK 4.5 UK 293 AU 1.3 Americas3) 1.3 AU 211 Expansion markets Rest of Europe
Slide 19: 2026: Evolving from European leader to global player
COUNTRY PORTFOLIO 2026: Evolving from European leader to global player Global market positions (ENR 20251)) #5 Mobility infrastructure #4 Building construction #4 Industrial construction Market leader in CEE 2 1 Growing 3 1 international platform 1 3 3 Diversification already visible in backlog 1 Ou
Slide 20: Business Mix
Business Mix PROGRESS. DELIVERED. CMD 2026 WORK ON PROGRESS
Slide 21: Positioning STRABAG in structurally growing end markets
BUSINESS MIX Positioning STRABAG in structurally growing end markets Mobility Energy & Water High-Tech Building Infrastructure Infrastructure Facilities Decarbonisation CAGR +10% CAGR +68% CAGR +9% CAGR +14% 12.4 8.8 6.7 1.9 1.4 1.1 1.1 0.7 AI-generated image 2022 6M 2026 2022 6M 2026 2022 6M 2026 2
Slide 22: Acceleration of momentum in growth markets
BUSINESS MIX Acceleration of momentum in growth markets Order backlog across growth markets | € bn Growth markets have become the CAGR +19% 22.3 largest contributor to order backlog 1.1 18.9 1.9 1.2 2022 51% 14.5 2.3 6.7 2023 52% 12.1 12.3 1.2 2024 57% 0.8 1.8 5.8 0.7 1.4 1.5 60% 2.5 2025 1.1 1.3 6M
Slide 23: PPP portfolio reflects growth-market focus
BUSINESS MIX PPP portfolio reflects growth-market focus Portfolio growth Portfolio diversification Why STRABAG is well 4% positioned in concessions 6% Buildings / social 1% infrastructure 2022 2025 Δ% 30+ years of PPP and 34% Energy and water infrastructure concessions experience Projects 39 44 +13
Slide 24: Defence infrastructure spending as an additional catalyst
BUSINESS MIX Defence infrastructure spending as an additional catalyst © STRABAG Military infrastructure Potential annual spending STRABAG capabilities in defence based on NATO's 1.5% target1) | € bn (selected examples) Military infrastructure Germany 68 • Airports and airfields Military air base pr
Slide 25: Advancing Strategy 2030 through selective M&A (1/2)
BUSINESS MIX Advancing Strategy 2030 through selective M&A (1/2) Geography Geography Mobility Mobility Georgiou © Georgiou Group Van Elle Stumpp ZABERD © STRABAG © STRABAG © HS2 Ltd 03/2025 06/2026 04/2026 04/2025 Output volume Employees Output volume Employees Output volume Employees Output volume
Slide 26: Advancing Strategy 2030 through selective M&A (2/2)
BUSINESS MIX Advancing Strategy 2030 through selective M&A (2/2) Mobility Mobility Energy & Water Building Decarbonisation BAWI Daroconstruct WTE MEP acquisitions ©WTE Group © STRABAG © STRABAG © STRABAG Closing expected: H2/2026 Closing expected: H2/2026 03/2026 2023–2026 Output volume Employees Ou
Slide 27: Depth of value creation
© John Zammit, Absolute Photography value creation Depth of 27
Slide 28: Fully vertically integrated value chain
Fully vertically integrated value chain Core business construction Construction Planning & Development Leading construction Building Reconstruction, Demolition materials design operations across CEE operations conversion & & recycling production > 650 completed real > 1,100 engineers refurbishment S
Slide 29: Self-delivery model creates capacity and resilience
DEPTH OF VALUE CREATION Self-delivery model creates capacity and resilience People Materials Machinery High share of internal workforce Own materials production Large owned asset base ~ 90,000 > 80% > 300,000 EMPLOYEES OF ASPHALT PRODUCED IN-HOUSE MACHINES, EQUIPMENT & VEHICLES ~ 70% > 550 > € 5.5 b
Slide 30: From capabilities to competitive advantage
DEPTH OF VALUE CREATION From capabilities to competitive advantage Self-delivery model > Greater control over project delivery > Competitive advantage 1 2 3 1 Reduced subcontractor dependency Own 2 Greater supply chain resilience workforce ~70% self- Own performed delivery materials Own Cost Quality
Slide 31: Securing talent through a four-pillar strategy
DEPTH OF VALUE CREATION Securing talent through a four-pillar strategy Employer attractiveness Training & development Targeted M&A Mobility & international recruitment • Kununu Top Company 2026: • In-house training centres • Regional bolt-on acquisitions to • Cross-border assignments STRABAG among t
Slide 32: Technology leadership
Technology leadership © STRABAG 32
Slide 33: Focus on technology-driven construction
TECHNOLOGY Focus on technology-driven construction Tools & Methods Business Models AI & Predictive Processes & Industrial Green Tech & Engineering Automation Construction Circular Materials • BIM 5D® • LEAN Construction • Industrial • Circular • Generative Design • Construction Prefabrication Constr
Slide 34: We are transforming construction into a data-driven industry
TECHNOLOGY We are transforming construction into a data-driven industry STRABAG connects all levels: the prerequisite for scalable AI BIM 5D® 1 GIS 2 BIM 5D® extends the GIS adds the real- 3D building model to world spatial context 1 2 include time and cost to models and data. Our standard integrate
Slide 35: Applying AI across the construction value chain
TECHNOLOGY Planning Execution Applying AI across the construction Generative design Project-related risk management value chain Hundreds of design alternatives in minutes Early identification of project risks • Reduced planning time and effort • Identifies critical project patterns © STRABAG © STRAB
Slide 36: Pilot technologies enhancing construction productivity
TECHNOLOGY Pilot technologies enhancing construction productivity © Martin Červeňanský / STRABAG © CrossTalent © STRABAG Autonomy Robotics Remote Semi-autonomous 3D Semi-autonomous road paver concrete printer crane control 2x requires only two instead of five or six employees up to 2x faster wall co
Slide 37: Industrial construction addressing Europe's housing shortage
TECHNOLOGY Industrial construction addressing Europe’s housing shortage Challenges in European housing > STRABAG solution 2 industrial prefabrication facilities | 70+ years of prefabrication expertise 10 million missing housing units > 2 million homes needed p.a. © Ed. Züblin AG © STRABAG 53% Mische
Slide 38: Proven across housing and non-residential applications
TECHNOLOGY Proven across housing and non-residential applications ~ € 200 mn prefabrication project pipeline © Steffen Spitzner © Rehaag / Udodow © Ed. ZÜBLIN Rosenfelder Ring Primary School Berlin © Steffen Spitzner © fangpunkt.de © Ed. ZÜBLIN Residential Building Joseph-Stiftung Residential Buildi
Slide 39: Positioned for structural growth
The right countries. The right growth markets. Extensive in-house capabilities. Technology leadership. © nblxer/stock.adobe.com Positioned for structural growth. 39
Slide 40: STRABAG – positioned to capture structural growth
STRABAG – positioned to capture structural growth Exposure to investment-driven markets Exposure to structural megatrends € 500 bn Infrastructure fund Infrastructure supercycle € 32 bn Rail & road infrastructure programmes1) Energy transition € 180 bn EU cohesion funding in CEE core markets2) at the
Slide 41: Mobility Infrastructure
GROWTH MARKET Mobility Infrastructure Peter Hübner Managing Director Infrastructure Germany
Slide 42: Mobility Infrastructure
Mobility Infrastructure Transport networks in mature markets are ageing – while in CEE, many still require major expansion. Demand for sustainable, safe and smart mobility infrastructure is accelerating. © STRABAG 42
Slide 43: Multiple growth drivers fuel infrastructure supercycle
MOBILITY INFRASTRUCTURE Multiple growth drivers fuel infrastructure supercycle © STRABAG © STRABAG © Angelika Warmuth © STRABAG Modernisation Investment Technology and Regulations 1 2 3 4 backlog and programmes renewable mobility and political replacement needs transformation objectives 43
Slide 44: German special fund elevates investments
MOBILITY INFRASTRUCTURE German special fund elevates investments German federal investments in rail, roads and waterways | € bn > Acceleration of planning and +63% approval processes as a +26% ⌀ p.a. prerequisite € 34 bn1) € 34.4 bn 1.5 Increased use of alternative contract models such as functional
Slide 45: Germany is our most integrated market
MOBILITY INFRASTRUCTURE Germany is our most integrated market Coming from a position of strength Market leader in Germany Nationwide presence Ability to build projects of almost any type and size High share of own workforce (90% in German infrastructure), materials and machines Vertically integrated
Slide 46: Significant investment needs in Germany
MOBILITY INFRASTRUCTURE Significant investment needs in Germany STRABAG Group order backlog in mobility ~ 17,500 ~ 25,000 infrastructure | € bn kilometres of rail kilometres of roads Waterways 7% need to be renewed are in poor condition 11% Bridges 12.4 (6M 2026) © STRABAG © STRABAG 38% Roads Railwa
Slide 47: Major landmark projects across all segments
MOBILITY INFRASTRUCTURE Major landmark projects across all segments Hamburg–Berlin A49 Motorway Uttrichshausen Viaduct 278 km rail corridor 1 3 5 1 overhaul under full Rail Corridor Overhaul closure 11 km rail tunnel 2 delivered under IPD model Design-build-operate 3 PPP contract for the A49 motorwa
Slide 48: We deliver innovative and sustainable infrastructure solutions
MOBILITY INFRASTRUCTURE We deliver innovative and sustainable infrastructure solutions © Autobahn Westfalen © verflimmert © Autobahn GmbH Niederlassung Südwest Innovation Sustainability Innovation Transverse shift DGNB-certified Modular bridge of Rinsdorf motorway bridge Enztal crossing construction
Slide 49: Germany is set to become Europe's biggest construction site
Germany is set to become Europe’s biggest construction site And we are ideally positioned to play a leading role in shaping the upcoming infrastructure modernisation offensive © Autobahn Westfalen
Slide 50: Energy & Water Infrastructure
GROWTH MARKET Energy & Water Infrastructure Christian Sadleder Managing Director Energy Infrastructure
Slide 51: Energy & Water Infrastructure
Energy & Water Infrastructure Europe’s water and power systems face major challenges. Nearly 25% of drinking water is lost to leaks, while grids race to support the clean energy shift. Strong public funding is driving growth, fuelled by electrification, infrastructure renewal and climate adaptation.
Slide 52: Growth drivers elevate demand for energy and water infrastructure
ENERGY & WATER INFRASTRUCTURE Growth drivers elevate demand for energy and water infrastructure European power grids require © Benjamin Wald © nblxer/stock.adobe.com € 584 bn investments by 2030 © Benjamin Wald Energy transition, demand Water scarcity and 3 Regulations driving 1 2 for renewables and
Slide 53: WTE acquisition: Creating a full-service water provider
ENERGY & WATER INFRASTRUCTURE WTE acquisition: Project market presence Value chain coverage Creating a Pre-WTE Post-WTE full-service Additional presence in the Middle East, Project Development water provider Africa and Asia Design & Engineering ~900 employees Construction incl. 600 from WTE Commissi
Slide 54: Strong player across the water lifecycle
ENERGY & WATER INFRASTRUCTURE Strong player across the water lifecycle WATER WATER RETURN COLLECTION Leading integrated water infrastructure platform in CEE One-stop shop WATER REUSE WATER across the full lifecycle Irrigation, TREATMENT industrial reuse, Incl. storage, process water desalination Uni
Slide 55: Integrated flagship projects in the water sector
ENERGY & WATER INFRASTRUCTURE Integrated flagship projects in the water sector © WTE © STRABAG Sewage & water treatment Wastewater treatment Significant group-wide impact across delivered projects 1.0 million m /day 3 Drinking water produced Divulje WWTP & Jadro WTP Umm al Hayman WWTP ~10 million pe
Slide 56: Landmark projects across the energy value chain
ENERGY & WATER INFRASTRUCTURE Landmark projects across the energy value chain XXL photovoltaic park 1 Lomas de Taltal & Horizonte One of Europe’s largest Renewable energy 1 1 1 Austria wind farms | Chile electrolysis plants | Austria generation Solar, wind and thermal energy, green hydrogen Energy 2
Slide 57: Building the world's largest river-source heat pump
Mannheim heat pump DE Building the world’s largest river-source heat pump 165 MW for 40,000 households: providing heat for district heating with lower carbon intensity 57 © MVV
Slide 58: Building our own portfolio of renewable energy assets
ENERGY & WATER INFRASTRUCTURE Building our own portfolio of renewable energy assets Portfolio focus areas Own renewable energy asset pipeline © STRABAG Energy-Invest Ground-mounted PV plant 414 MWac Solar power (PV) Wind energy Energy storage Development1) Fotósfera Solar farm 9.9 MWac (under constr
Slide 59: Growth reflected in order backlog
ENERGY & WATER INFRASTRUCTURE Growth reflected in order backlog Order backlog in energy & water infrastructure | € bn Transforming into CAGR +68% an integrated 6.7 infrastructure and 5.8 service provider Full lifecycle capabilities from development and EPC to operations 2.5 1.1 1.3 Further growth or
Slide 60: The energy transition and water scarcity are key challenges
The energy transition and water scarcity are among the key challenges of our time With our integrated services, we offer a one-stop solution for energy and water infrastructure – from planning to implementation © STRABAG
Slide 61: High-Tech Facilities
GROWTH MARKET High-Tech Facilities Markus Landgraf Managing Director Building Construction and Civil Engineering Germany & Scandinavia
Slide 62: High-Tech Facilities
High-Tech Facilities High-tech industries demand speed, precision and reliability. STRABAG has the expertise and capacity to deliver. Strong public support is driving growth, fuelled by reshoring, data expansion and sustainability requirements. AI generated 62
Slide 63: Multiple growth drivers elevate demand for high-tech facilities
HIGH-TECH FACILITIES Multiple growth drivers elevate demand for high-tech facilities © Franz Brück © PixaMint/stock.adobe.com © STRABAG Digitalisation, AI and Geopolitics, resilience 3 Healthcare needs and 1 2 exponential data growth and reshoring demographic change 63
Slide 64: AI is creating an infrastructure ecosystem
HIGH-TECH FACILITIES AI is creating an infrastructure ecosystem The visible tip Data centres Compute capacity for AI and high- performance workloads The hidden mass Positioned to build both the compute core and the broader infrastructure ecosystem enabling Europe’s AI ambitions: Enabling infrastruct
Slide 65: Building for the world's leading chip manufacturers
HIGH-TECH FACILITIES Building for the world’s leading chip manufacturers STRABAG projects in Europe’s © STRABAG leading semiconductor clusters1) Proven market position Established leader in the DACH region Silicon Dresden Saxony Proven track record: ~ 10 years experience Leoben Silicon Villach Alps
Slide 66: Delivering data centres and AI facilities
HIGH-TECH FACILITIES Delivering data centres and AI facilities Estimated European data ©railwayfx/stock.adobe.com centre demand1) | GW STRABAG is well positioned 3.5 x 15+ data centres delivered in European demand growth (2024-2030) Germany, Austria and Poland 2024 10 GW Core-and-shell and turnkey 2
Slide 67: Building Europe's largest AI ecosystem in Heilbronn
IPAI Campus DE Building Europe’s largest AI ecosystem in Heilbronn STRABAG is delivering Phase 1 of the IPAI campus, a leading European hub for AI research, innovation and industry 67 © IPAI/MVRDV
Slide 68: Advanced manufacturing facilities
HIGH-TECH FACILITIES 1 Automotive & Mobility Advanced 2 Aerospace & Defence manufacturing facilities 3 Pharma & MedTech Building for leading manufacturers across strategic industries 4 Chemicals & Advanced Materials Trusted by global and local industry leaders 5 Energy & Industrial Solutions Proven
Slide 69: Building Mercedes-Benz's most advanced production facility
Mercedes Factory 56 DE Building Mercedes-Benz’s most advanced production facility A benchmark for digitalised, flexible and sustainable automotive manufacturing 69 © Mercedes-Benz Group AG
Slide 70: Trusted partner for healthcare and laboratory facilities
HIGH-TECH FACILITIES Trusted partner for healthcare and laboratory facilities Hospitals © HDR Germany is entering a Why STRABAG is differentiated new hospital investment cycle Dedicated in-house competence centre Central engineering (Zentrale Technik) supporting complex healthcare projects DE ~ € 50
Slide 71: Broad exposure across high-growth high-tech markets
HIGH-TECH FACILITIES Broad exposure across high-growth high-tech markets © PixaMint/stock.adobe.com © IPAI / MCRDV Delivery of highly complex facilities Central Engineering (Zentrale Technik) & in- house MEP capabilities Semiconductor fabs Data centres AI facilities BIM & digital engineering experti
Slide 72: Technology leadership is a key pillar of Strategy 2030
Technology leadership is a key pillar of Strategy 2030 We deliver complex facilities for semiconductors, data, advanced manufacturing and healthcare
Slide 73: Building Decarbonisation
GROWTH MARKET Building Decarbonisation Marion Henschel Managing Director Building Solutions
Slide 74: Building Decarbonisation
Building Decarbonisation Buildings are key to climate goals but largely outdated. STRABAG transforms them through integrated FM and MEP solutions in line with its Strategy 2030. Public funding is driving growth, fuelled by high emissions, regulatory pressure and the push to double renovation rates b
Slide 75: Structural trends driving investment in building decarbonisation
BUILDING DECARBONISATION Structural trends driving investment in building decarbonisation © STRABAG © STRABAG © STRABAG Energy-Invest © Raiffeisen, Toni Rappersberger EU climate Regulations Energy prices CO2 pricing 1 2 Energy Performance 3 4 targets and security of and economic of Buildings Directi
Slide 76: Building decarbonisation – a major European refurbishment market
BUILDING DECARBONISATION Building decarbonisation – a major European refurbishment market EU CO2 emissions by sector Age composition of housing stock | % DE AT CZ PL LUX EU27 5 2 8 7 7 12 9 8 ~70% of buildings in 14 11 11 12 12 15 Other 40% ~37% Buildings 9 11 12 the EU were built 11 13 of energy-re
Slide 77: Building Solutions: addressing every stage of a building's lifecycle
BUILDING DECARBONISATION Building Solutions: Fragmented asset lifecycle market The STRABAG approach Addressing every Optimisation Strategy stage of a building’s Development lifecycle Construction Operation Recycling Facility managers are the first Development Operation point of contact for building
Slide 78: Few companies can deliver building decarbonisation across the full lifecycle
BUILDING DECARBONISATION Selected European peers Few companies can deliver Facility Management MEP Construction Capabilities Capabilities Capabilities building Peer 1 decarbonisation Peer 2 across the full Peer 3 lifecycle Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Construction + MEP + FM under one roof Pee
Slide 79: eco2state navigator: Driving data-based building decarbonisation
BUILDING DECARBONISATION eco2state navigator: Driving data-based building decarbonisation Digital twin combining building, BMS and sensor data AI-driven optimisation to fine-tune room conditions in real-time Automatic generation of cost- benefit analyses, CO2 accounting and ESG reporting Identificat
Slide 80: Strong growth in structural refurbishment and building solutions
BUILDING DECARBONISATION Strong growth in structural refurbishment and building solutions Order backlog in structural Order backlog in building solutions building refurbishment1) | € bn (FM & MEP) | € bn CAGR +29% CAGR +15% 2.4 1.1 Building decarbonisation 0.7 becoming a 1.0 material business 2022 6
Slide 81: Integrated building decarbonisation at our Stuttgart headquarters
© Ed. Züblin AG Z2 Stuttgart DE Integrated building decarbonisation at our Stuttgart headquarters When it comes to decarbonising buildings, we start with ourselves INTEGRATED CERTIFIED DIGITAL SUSTAINABLE Structural + energy- DGNB Platinum generative design Rooftop PV efficient refurbishment QNG Pre
Slide 82: Data centre operations
©railwayfx/stock.adobe.com Data centre operations INT We manage around 500,000 m² of data centre space We demonstrate, through a practical example, how energy optimisation potential can be realised in mission-critical digital infrastructure: ENERGY-EFFICIENT CONTINUOUS TECH-DRIVEN CO2-SAVING PUE (po
Slide 83: Without decarbonising buildings, Europe will not achieve climate targets
Without decarbonising the building sector, Europe will not achieve its climate targets We provide a complete end-to-end solution from a single source – from structural and energy-efficient refurbishment to sustainable building operations © STRABAG, Marko Kovic
Slide 84: Financial Update
Financial Update Stefan Kratochwill CEO
Slide 85: Growth strategy backed by financial strength
FINANCIAL UPDATE Growth strategy backed by financial strength Organic & External Growth Financial Strength OUTPUT VOLUME ORDER BACKLOG EQUITY RATIO NET CASH POSITION 2026e 6M 2026 2025 2025 close to € 23 bn € 36.0 bn 35.9% € 3.5 bn 2022: € 17.7 bn 2022: 23.7 bn 2022: 31.7% 2022: € 1.9 bn +30% +52% +
Slide 86: Maintaining financial strength remains a strategic priority
FINANCIAL UPDATE Maintaining financial strength remains a strategic priority Margin Disciplined over volume capital allocation FINANCIAL Strong Active project STRATEGY balance sheet risk management Cash flow Operational focus excellence © STRABAG 86
Slide 87: STRABAG consistently converts earnings into cash
FINANCIAL UPDATE STRABAG consistently converts earnings into cash EBIT vs. Operating cash flow | € mn ~150% 1.817 1.803 Avg. EBIT-to-cash conversion1) EBIT OCF (2022-2025) 1.387 1.247 1.062 Supporting STRABAG’s 880 strong net cash position 813 706 Cash conversion above 100% in every year since 2022
Slide 88: Industry-leading balance sheet provides stability and flexibility
FINANCIAL UPDATE Industry-leading balance sheet provides stability and flexibility Equity ratio | % Net cash position | € mn Financial strength as a +4.2 pp +1.6 bn competitive advantage 35.9% 3,518.3 31.7% Self-funded growth and M&A under Strategy 2030 1,927.7 ~23% Ability to pre-finance large-scal
Slide 89: Disciplined capital allocation focused on value creation
FINANCIAL UPDATE Disciplined capital allocation focused on value creation External growth part of Total CAPEX (cash flow from 2026: ≤ € 1,500 mn Shareholder return Strategy 2030 investing activities) until 2030: ≥ € 1,000 mn each 2013–2022: Limited M&A activity, Maintenance CAPEX Growth CAPEX CAPEX
Slide 90: STRABAG's financial strength in five dimensions
FINANCIAL UPDATE STRABAG’s financial strength in five dimensions Growth Margins Cash conversion Balance sheet Capital allocation close to € 23 bn 5.5–6% ~150% € 3.5 bn 14.5% output volume (2026e) EBIT margin (2026e) average cash conversion net cash position (2025) ROCE (2025) (2022-2025) € 36 bn 35.
Slide 91: Market Outlook
Market Outlook Stefan Kratochwill CEO
Slide 92: Unique scale and market coverage in Germany
© STRABAG GERMANY Unique scale and market coverage in Germany Scaling a highly efficient and profitable model Market leader Competitive advantages Infrastructure tailwinds Output volume1) | € bn • ~40,000 employees • € 500 bn special fund for infrastructure (SVIK) STRABAG 8.9 • Nationwide presence •
Slide 93: Structural increase in public investment (1/2)
GERMANY Structural increase in public investment (1/2) Construction-related German federal investments | € bn Germany’s investment programme Official transport investments combined with STRABAG analysis for other construction-related areas extends well beyond transport infrastructure +82% 129 Transp
Slide 94: STRABAG #1 construction group in CEE
© STRABAG CENTRAL & EASTERN EUROPE (CEE) STRABAG #1 construction group in CEE Further strengthening STRABAG’s leadership in CEE Leading positions Local presence Infrastructure tailwinds • Top 3 positions across all • Local presence in CEE core • EU-funded and national CEE core markets markets infras
Slide 95: EU-funded and national infrastructure investment
CENTRAL & EASTERN EUROPE (CEE) EU-funded and national infrastructure investment STRABAG references in selected EU co-funded projects Key growth drivers Maksymilianowo Brno–Přerov railway hub high-speed railway STRABAG’s CEE core markets among the largest beneficiaries of EU funding EU funding transl
Slide 96: Establishing a broad regional footprint in the UK
© STRABAG UNITED KINGDOM Establishing a broad regional footprint in the UK From tunnelling specialist to a full-scope UK contractor Market access Local platform Growth strategy • Entered UK market in 2013 • Strategy 2030 growth market • Broader project mix beyond megaprojects • Strong track record o
Slide 97: Energy and water infrastructure drive UK market growth
UNITED KINGDOM Energy and water infrastructure drive UK market growth UK water works market | € mn UK energy works market | € mn Key growth drivers 4.118 32.833 Energy infrastructure 3.875 3.657 29.974 ~£60 bn National Grid investment 3.429 27.680 25.856 programme (FY25–29) 21.656 2.587 2.372 17.508
Slide 98: STRABAG's growth strategy in Australia
© Georgiou Group AUSTRALIA STRABAG’s growth strategy in Australia Georgiou + STRABAG = local excellence + global strength Local platform STRABAG capabilities Scale business Georgiou contributes STRABAG contributes Value creation • Strong market access • Mining & tunnelling • Higher participation in
Slide 99: Positioned to benefit from Australia's investment pipeline
AUSTRALIA Positioned to benefit from Australia’s investment pipeline Australian investment pipeline | AU$ bn Key growth drivers 185 12 Road | Rail | Other transportation Energy Other1) Mobility infrastructure > AU$ 50 bn road and rail investments (~ € 30 bn) 105 98 Energy infrastructure 151 14 9 > A
Slide 100: Group Outlook
Group Outlook Stefan Kratochwill CEO
Slide 101: Entering the next phase of Strategy 2030
GROUP OUTLOOK Entering the next phase of Strategy 2030 2030 target raised 2030 target raised Output EBIT Equity Dividend S&P volume margin ratio payout ratio Rating 2022 17.7 4.2% 31.7% 43% BBB Today close to € 23 bn1) 5.5–6%1) 35.9%2) 37%2) BBB+3) Initial ~ € 28 bn Maintain 6% ≥ 25% 30–50% 2030 tar
Slide 102: Building blocks supporting an EBIT margin of at least 6%
GROUP OUTLOOK Building blocks supporting an EBIT margin of at least 6% Margin Resilience Margin Expansion Risk Management Country Portfolio Operational Excellence Business Mix • Selective bidding / contract • Depth of value creation • Cost discipline • Growth markets1) models • Geographic diversific
Slide 103: Potential resolution path for Rasperia shareholding
GROUP OUTLOOK Potential resolution path for Rasperia shareholding Current shareholder structure of STRABAG SE (August 2026) July 2026 Raiffeisen Bank International AG (RBI) filed claim 2.2% Treasury shares (~ € 3.15 bn) against Rasperia in Austria Free float 20.0% 27.0% Haselsteiner Potential enforc
Slide 104: Updated 2030 targets
STRATEGY 200 UPDATED 2030 TARGETS: EE EE EE eee €30bn ; Atleast 6% EBIT margin output volume : through-the-cycle | ofS OL Broader diversification. Greater scale. Enhanced resilience.