Strabag Se · VIE:STR

Strabag — 6M 2026 Earnings Presentation

25 slides from Strabag's earnings presentation, August 2026

Slide 1: STRABAG SE increases earnings and raises 2026 guidance
STRABAG SE increases earnings and raises 2026 guidance 6M Results 2026 © TenneT Germany
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: Today's speaker
Today’s speaker Stefan Kratochwill CEO STRABAG SE 3
Slide 5: Strong first half delivers new record levels
HIGHLIGHTS 6M 2026 Strong first half delivers new record levels 6M output reaches € 10 bn for first time € 10.0 bn Double-digit growth despite a later start to the year +12% vs. 6M 2025 Order backlog at new all-time high € 36.0 bn Strong order intake in Germany and international markets +27% vs. 30
Slide 6: Infrastructure remains key growth driver
HIGHLIGHTS 6M 2026 Infrastructure remains key growth driver Infrastructure Building construction Public vs. private STRABAG more than offsets  Strong momentum in  Solid developments in public  Major infrastructure project declining trends infrastructure construction, above all in rail and energy
Slide 7: Major projects acquired in key strategic areas
HIGHLIGHTS 6M 2026 Major projects acquired in key strategic areas I+S 1 N+W 2 S+E 3 Transformation of Chile’s largest open-pit copper mine 1 Chuquicamata into underground operation Pfaffensteig Tunnel: 2 increasing capacity on a key German railway corridor ~ € 800 mn N.A. ~ € 194 mn Final section of
Slide 8: Strategy execution supported by external growth
1 2 © HS2 Ltd © STRABAG CLOSED IN PROGRESS M&A YTD 2026 Strategy execution supported by external growth Van Elle 1  Strengthens STRABAG's local presence in the UK  One of the leading British ground engineering companies  ~ € 150 mn revenue | ~ 600 employees Van Elle Daroconstruct Daroconstruct 2
Slide 10: Output and order backlog at record highs
FINANCIAL REVIEW 6M 2026 Output and order backlog at record highs Output volume | € mn Output volume by region | % Double-digit output growth Q1 +4% | Q2 +18% +12%  Later start of road construction projects due 8 to cold weather in January and February 9,983 8 Germany 8,329 8,905 Austria  Growth a
Slide 11: Profitable growth delivers all-time high earnings
FINANCIAL REVIEW 6M 2026 Profitable growth delivers all-time high earnings EBITDA | € mn EBIT | € mn Net income after minorities | € mn +30% 560 431 +35% 359 174 +25% 129 119 92 95 82 6M 2024 6M 2025 6M 2026 6M 2024 6M 2025 6M 2026 6M 2024 6M 2025 6M 2026  EBITDA up 30% to € 560.1 mn  D&A up 28%;
Slide 12: Robust balance sheet with typical seasonal effects
FINANCIAL REVIEW 6M 2026 Robust balance sheet with typical seasonal effects Net cash position | € mn Net cash position remains robust +40% 3,518  Net cash position lower than at year-end due to seasonality, but up year-on-year 2,905 2,643 2,606  Seasonal working capital build-up and 1,868 investme
Slide 13: Sustained strong cash position
FINANCIAL REVIEW 6M 2026 Sustained strong cash position Cash development | € mn Strong liquidity and financing profile 4,323 11  CFO turned positive, driven by higher 19 3,430 cash flow from earnings and lower 678 245 working capital build-up  Higher CFI outflow, mainly due to M&A activities in li
Slide 15: North + West: Germany drives strong segment performance
OPERATIONAL REVIEW 6M 2026 North + West: Germany drives strong segment performance Key Indicators Performance 6M 2026 € mn 6M 2026 6M 2025 Δ%  Output volume Output volume 4,292 3,640 18 − Growth across all business areas in Germany Revenue 3,758 3,135 20 − Strongest increase from energy infrastruct
Slide 16: South + East: Broad-based growth across CEE and SEE
OPERATIONAL REVIEW 6M 2026 South + East: Broad-based growth across CEE and SEE Key Indicators Performance 6M 2026 € mn 6M 2026 6M 2025 Δ%  Output volume Output volume 3,367 3,184 6 − Growth driven primarily by Czech Republic and Croatia Revenue 3,189 3,019 6 − Infrastructure main growth driver acro
Slide 17: International + Special Divisions: Organic and inorganic growth
OPERATIONAL REVIEW 6M 2026 International + Special Divisions: Organic and inorganic growth Key Indicators Performance 6M 2026 € mn 6M 2026 6M 2025 Δ%  Output volume Output volume 2,233 1,993 12 − UK and Energy Infrastructure deliver strongest growth, Revenue 2,191 1,790 22 supported by acquisitions
Slide 19: Potential resolution path for Rasperia shareholding
STRABAG SHARE 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 20: Guidance for full-year 2026 raised
OUTLOOK 2026 Guidance for full-year 2026 raised Output volume Strong first-half growth underpins higher output guidance1) close to € 23 bn EBIT margin First-half earnings performance supports margin upgrade2) 5.5–6% Strong first-half Net investments results lay the Outlook for cash flow from investi
Slide 21: Financial calendar 2026/2027
Financial calendar 2026/2027 February May August Initial Figures 2026: Trading Statement Semi-Annual Report 2027 Output volume, order backlog, January-March 2027 Publication 7:00 a.m. CEST employees and outlook 2027 Publication 7:00 a.m. CEST Investor and analyst Publication 7:00 a.m. CET conference
Slide 22: Contact
Contact Marco Reiter Head of Investor Relations marco.reiter@strabag.com Asmir Music Investor Relations Manager asmir.music@strabag.com Natascha Schulz Investor Relations Manager natascha.schulz@strabag.com investor.relations@strabag.com +43 800 880890 strabag.com STRABAG SE Donau-City-Str. 9 1220 V
Slide 23: Annex
STRABAG WORK ON PROGRESS
Slide 24: Consolidated income statement (excerpt)
ANNEX Consolidated income statement (excerpt) € mn 6M 2026 6M 2025 Δ% Output volume 9,982.67 8,905.19 12 Revenue 9,148.08 7,952.60 15 Changes in inventories/own work capitalised 101.14 105.82 -4 Other operating income 110.41 134.97 -18 Construction materials, consumables and services used -5,737.16
Slide 25: Consolidated statement of financial position (excerpt)
ANNEX Consolidated statement of financial position (excerpt) Assets Equity and liabilities € mn 30.06.2026 31.12.2025 € mn 30.06.2026 31.12.2025 Goodwill and other intangible assets 851.12 791.36 Share capital 118.00 118.22 Rights from concession arrangements 398.54 409.89 Capital reserves 1,732.54

Strabag — 6M 2026 Earnings Presentation on 6ix

Strabag — 6M 2026 Earnings Presentation

Slide 1: STRABAG SE increases earnings and raises 2026 guidance

Slide 2: Disclaimer

Slide 3: Today's speaker

Slide 4: Highlights 6M 2026

Slide 5: Strong first half delivers new record levels

Slide 6: Infrastructure remains key growth driver

Slide 7: Major projects acquired in key strategic areas

Slide 8: Strategy execution supported by external growth

Slide 9: Financial Review 6M 2026

Slide 10: Output and order backlog at record highs

Slide 11: Profitable growth delivers all-time high earnings

Slide 12: Robust balance sheet with typical seasonal effects

Slide 13: Sustained strong cash position

Slide 14: Operational Review 6M 2026

Slide 15: North + West: Germany drives strong segment performance

Slide 16: South + East: Broad-based growth across CEE and SEE

Slide 17: International + Special Divisions: Organic and inorganic growth

Slide 18: Share & Outlook 2026

Slide 19: Potential resolution path for Rasperia shareholding

Slide 20: Guidance for full-year 2026 raised

Slide 21: Financial calendar 2026/2027

Slide 22: Contact

Slide 23: Annex

Slide 24: Consolidated income statement (excerpt)

Slide 25: Consolidated statement of financial position (excerpt)