Balfour Beatty Plc · LSE:BBY
Balfour Beatty — Investor Day (October 2026)
23 slides from Balfour Beatty's investor day presentation, Oct 15, 2026
Slide 1: UK Power Transmission & Distribution: Investor Day
UK Power Transmission & Distribution: Investor Day 15 October 2026 Image: Skye 132kV Reinforcement Project, Scotland
Slide 2: Philip Hoare, Group Chief Executive
Philip Hoare Group Chief Executive Image: Kinardochy Substation 400kV overhead line, UK
Slide 3: Strong and diversified Group
Strong and diversified Group Across Core our geographies by revenue geographies InGrowth our growth markets markets Profitable growth framework UK Energy UK 48% UK Defence UK Transport US 52% US Buildings Design & Programme Construction Operations & End-to-end Engineering Management Management Const
Slide 4: Profitable growth framework: long-term value creation
Profitable growth framework: long-term value creation Evolve Long-term value creation Strengthen Drive Advance Invest in Improve Shape our the core operational our people what margins portfolio excellence strategy matters Zero Harm Energise Deepen Accelerate Accelerate profitable Sustainable Acceler
Slide 5: UK Power Transmission: growth accelerating
UK Power Transmission: growth accelerating Target market: 2025-30 Strong momentum following three years of growth Source: Internal estimates UK power transmission market £366 million £2.1 billion £6-8 billion Power revenue: 2025 H1 revenue order book of further 130% increase vs Five-fold increase pi
Slide 6: Nick Crossfield, Divisional CEO
Nick Crossfield Divisional CEO: UK Defence, Power & Regional Infrastructure Image: Tealing Substation, Dundee
Slide 7: Balfour Beatty delivers across all of the onshore grid
Balfour Beatty delivers across all of the onshore grid Balfour Beatty market Offshore wind & interconnectors Transmission network 275kV Distribution network (HVDC) and above (HVAC) 132kV and below (HVAC) 2 3 Key 1 2 3 4 5 6 7 8 9 HVDC HVDC Distribution Offshore Transmission Transmission Transmission
Slide 8: Structural demand is driving sustained market growth
Structural demand is driving sustained market growth The UK electricity network must expand at an unprecedented pace to meet the demands that are being placed on it Government priorities Long-term structural drivers Net Zero 2050 Electrification The largest Clean Power 2030 Generation changes expans
Slide 9: The transmission investment is clearly set out until 2031
The transmission investment is clearly set out until 2031 c.£80bn of investment to 2031 provides strong platform for growth, with further plans beyond 2030 o Plans to upgrade 3,500km of o Developing network for 20% o Plans to build 12 substations overhead lines and build 25 new of UK clean power dem
Slide 10: The distribution opportunity
The distribution opportunity Distribution represents a further growth opportunity for Balfour Beatty, as client investment is expected to accelerate. Growth will be targeted based upon our value offering Balfour Beatty has a 10% market share in distribution¹ £50bn of investment forecast to 2050, at
Slide 11: Beyond 2030, the market outlook remains very strong
Beyond 2030, the market outlook remains very strong Capacity constraints and demand increases will continue to be prevalent in the medium to long-term, driving further grid investment Without investment, the cost of Electricity demand will Map of recommended Beyond insufficient grid capacity¹ will a
Slide 12: Iain Smith and Tony Wilson
Iain Smith New Business & Strategy Director Power Transmission & Distribution Tony Wilson Managing Director Power Transmission & Distribution Image: London Power Tunnels
Slide 13: How power transmission and distribution is funded
How power transmission and distribution is funded o Government policy and demand outlook set wider context o NESO identifies whole-system network requirements o Balfour Beatty’s clients, the network owners, develop investment plans o OFGEM approve investment as value for money o The network owners f
Slide 14: Significant funding underpins market growth
Significant funding underpins market growth The regulatory mechanisms are already in place to fund investment and accelerate priority projects RIIO ASTI (Revenue = Incentives + Innovation + Outputs) (Accelerated Strategic Transmission Investment) • RIIO are the regulatory investment periods for the
Slide 15: Leading framework positions provide access to growth
Leading framework positions provide access to growth We have secured routes into the principal customer programmes and different asset classes, through which most of this capital investment is being procured Client Region Framework position Value¹ Asset types Electricity Transmission Partnerships £9
Slide 16: Multi-stage contracting creates greater project certainty
Multi-stage contracting creates greater project certainty Former approach: Single Design & Build (D&B) contract Traditional Design & Build model Detailed design Current approach: Initial design Construction and procurement Multi-stage contract model Part A / first phase Part B / second phase Benefit
Slide 17: Our position is supported by a set of clear differentiators
Our position is supported by a set of clear differentiators We operate in the complex, specialist and large-scale part of the market, where barriers to entry are high and the capabilities of Balfour Beatty offer the most value Barriers to entry Balfour Beatty differentiators o Safety critical indust
Slide 18: We are proven in delivering major, complex power projects
We are proven in delivering major, complex power projects Balfour Beatty has been involved in most major transmission upgrades in the last 20 years, and is now delivering the next phase of the UK’s most significant power projects Completed schemes In delivery Mobilisations Peterhead Netherton Hub Be
Slide 19: We have end-to-end capability from design to energisation
We have end-to-end capability from design to energisation Balfour Beatty can integrate delivery and deploy multiple specialist capabilities on power projects Design & Project Construction Manufacturing Specialist plant Commissioning engineering management delivery Spotlight: Spotlight: Spotlight: de
Slide 20: Spotlight: Manufacturing – Painter Brothers
Spotlight: Manufacturing – Painter Brothers Balfour Beatty is the only contractor with in-house manufacturing of steel towers and substation structures, meaning we can offer vertical delivery, whilst also supplying structures into the wider market Overview 52,000m2 1 of 3 >1,500 major suppliers Here
Slide 21: We deploy the largest workforce in the UK
We deploy the largest workforce in the UK We have made significant strides in growing our people base, supported by a nationwide specialist supply chain and our dedicated training schools Largest T&D workforce Recruiting and Nationwide Beauly-Peterhead in the industry developing at pace presence Net
Slide 22: We are investing in growth and innovation
We are investing in growth and innovation Project workforce Attract Innovate (direct & supply chain) o Industry attraction campaign o Utilising AI for productivity improvements o Record inter-company transfers o Implementing technology solutions such o Record early careers as drones and robotics 203
Slide 23: Strong position, proven capability and disciplined delivery
Strong position, proven capability and disciplined delivery This market offers an excellent long-term growth opportunity for Balfour Beatty Exceptional Unrivalled Unique Investment Significant market growth: market integrated in the value 20% CAGR position capability future creation Investment need