Slide 1: Parsons Overview
PARSONS OVERVIEW One Parsons, Endless Possibility August 2026
Slide 2: Forward Looking Statements
FORWARD This presentation contains forward-looking statements within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events
Slide 3: Non-GAAP and Normalized Financial Measures
NON-GAPP AND NORMALIZED FINANCIAL MEASURES This presentation contains certain financial measures that are not presented in accordance with the U.S. generally accepted accounting principles (“Non-GAAP Measures”), including Adjusted Net Income attributable to Parsons Corporation, Adjusted Earnings per
Slide 4: For more than 80 years, Parsons has been the company imagining next
For more than 80 years, Parsons has been the company imagining next to solve our customers’ toughest challenges in national security and global infrastructure. Our balanced portfolio is anchored in six core enduring and well-funded markets that, combined with our disciplined approach to growth, posi
Slide 5: Parsons Corporation
PARSONS CORPORATION Delivering innovative solutions that make the world safer, healthier, and more connected. SEGMENTS Critical Infrastructure Federal Solutions Lead smart, sustainable Drive information dominance infrastructure deployment across all domains FINANCIAL SNAPSHOT $6.3B Total Revenue Fed
Slide 6: Investment Thesis
INVESTMENT THESIS Unique, synergistic, and Strong position in six growing, enduring, Unprecedented global diverse portfolio and profitable end markets infrastructure spending Distinguished national security Strong, stable, and funded backlog with Favorable financial outlook and portfolio positioned
Slide 7: Growth Strategy
GROWTH STRATEGY As an advanced solutions integrator, Parsons designs, builds, and integrates complex end-to-end solutions to drive clear business outcomes. Customers choose us as their single accountable partner for measurable improvements in cost, speed, and performance. SOFTWARE, Create an exqui
Slide 8: Portfolio Aligned for Growth
PORTFOLIO ALIGNED FOR GROWTH TOTAL PROJECTED % of PSN TOTAL ADDRESSABLE CAGR REVENUE2 Defense & Engineered North America EMEA MARKET Intelligence Systems Infrastructure Cyber and Electronic Warfare $23.5B 9-11% 20% Space and Missile Defense $32.2B 8-9% 10% Transportation $28.2B 6-8% 27% Critical Inf
Slide 9: Integrated Solutions To Our Customers' Toughest Challenges
Integrated Solutions To Our Customers' Toughest Challenges Parsons delivers integrated solutions and technology across our critical infrastructure and national security customer bases. No other Our Core Markets organization has the advanced capabilities, experience, and transformative global solutio
Slide 10: Market-Leading Capabilities
MARKET-LEADING CAPABILITIES CYBER AND CRITICAL ELECTRONIC SPACE AND INFRASTRUCTURE ENERGY AND URBAN WARFARE MISSILE DEFENSE TRANSPORTATION PROTECTION ENVIRONMENT DEVELOPMENT Offensive/ Integrated Air and Intelligent Electronic Security Mine Reclamation Owner’s Engineer Defensive Missile Defense Tran
Slide 11: Cyber and Electronic Warfare
Cyber and Electronic Warfare With accelerated global transformation, robust full-spectrum cyber solutions ranging from exquisite offensive capabilities to technologies capable of securing our networks are mission essential for every facet of the national security and critical infrastructure environm
Slide 12: Space And Missile Defense
Space And Missile Defense Since the beginning of the drive to space, we have provided end-to-end, integrated, holistic support to the critical aspects of space operations. We are combining our history in launch logistics; satellite operations; assured positioning, navigation, and timing (PNT); domai
Slide 13: Transportation
Transportation Global infrastructure demand and investment has reached unprecedented levels in regions where we have successfully delivered for customers for decades. At Parsons, our industry- leading capabilities and program management and design experience transform the way the world moves to prom
Slide 14: Critical Infrastructure Protection
Critical Infrastructure Protection As the global threat environment shifts, the vulnerabilities of critical infrastructure present one of the greatest risks to national security. This ever-evolving threat calls for proactive efforts to protect critical infrastructure systems like utilities, faciliti
Slide 15: Water And Environment
Water And Environment We stand ready to meet environmental stewardship challenges for air, land, and water through customized approaches to every project, whether mine remediation, water and wastewater management, or PFAS mitigation—and our full-service treatability lab staffed by experts can perfor
Slide 16: Urban Development
Urban Development Around the world, we specialize in the management of large, complex, multisite, and mega mixed-use and urban development programs, shaping city projects at all levels through creative design solutions. Parsons Corporation Sensitive / Proprietary 16
Slide 17: Mission-Focused Products Portfolio
Mission-Focused Products Portfolio Securing Critical Advanced Transportation National Security Space Solutions Management Systems Infrastructure Technologies designed to maintain Protecting critical infrastructure, Space-focused technologies that Industry-leading Intelligent operational advantage ac
Slide 18: Balanced and Stable Portfolio
BALANCED AND STABLE PORTFOLIO Synergistic And Diversified Portfolio Creating Global Opportunities MEA Sub 15% Time and Fixed Price 18% Materials 34% Critical Federal Canada 24% Infrastructure Solutions 8% United 49% 51% States Prime Cost 74% 85% Reimbursable 42% Balanced Portfolio Global Footprint P
Slide 19: Exceeded High-End of All 2023 Investor Day Targets
EXCEEDED HIGH-END OF ALL 2023 INVESTOR DAY TARGETS Exceptional Growth For Key Financial Metrics High-End of 2025 2022 Actuals 2025 Actuals 3-Year Highlights Investor Day Targets* CAGR of 15% total revenue growth and organic growth of 10% Total Revenue $4,195M $5,000M $6,364M Excluding confidential
Slide 20: Q2 2026 Financial Summary
Q2 2026 FINANCIAL SUMMARY Solid total and organic revenue growth (excluding confidential contract and portfolio shaping actions). Strong normalized adjusted EBITDA growth and margin expansion * Total revenue of $1,576M decreased 1% from Q2 2025 Adjusted EBITDA margin of 2.7%. Normalized adjusted
Slide 21: Q2 2026 Reconciliation of Reported GAAP Results to Adjusted Results
Q2 2026 RECONCILIATION OF REPORTED GAAP RESULTS TO ADJUSTED RESULTS ON A NORMALIZED BASIS* Q2 2026 Q2 2026 Federal Charge Infrastructure ($ MILLIONS – EXCEPT EPS) Adjusted Results As Reported (GAAP) and Divestitures JV Charge (non-GAAP) Federal Solutions Revenue $761 $17 $778 Critical Infrastructure
Slide 22: Q2 2026 Reconciliation to Adjusted EBITDA, Net Income and EPS
Q2 2026 RECONCILIATION TO ADJUSTED EBITDA, NET INCOME AND EPS ON A NORMALIZED BASIS* Q2 2026 Q2 2026 Infrastructure ($ MILLIONS – EXCEPT EPS) Federal Charge Adjusted Results As Reported JV Charge (non-GAAP) Federal Solutions Adjusted EBITDA including ($14) $77 $64 noncontrolling interests Critical I
Slide 23: Fiscal Year 2026 Guidance
FISCAL YEAR 2026 GUIDANCE 2025 Actuals Current 2026 Guidance Prior 2026 Guidance Total Revenue $6,364M $6,200 - $6,500M $6,500 - $6,800M Adjusted EBITDA $609M $500 - $560M $615 - $675M Normalized Adjusted EBITDA * $609M $615 - $675M * $615 - $675M Cash Flow from Operations ** $478M $430 - $490M $470
Slide 24: Fiscal Year 2026 Guidance Assumptions
FISCAL YEAR 2026 GUIDANCE ASSUMPTIONS ~ 49.3% of total revenue to be generated from Federal Solutions segment at the mid-point PATTERNS Adjusted EBITDA margin of ~ 8.3% at the mid-point of the revenue guidance Revenue: approximately 3% sequential growth (Q2 2026 to Q3 2026) and then a sequential
Slide 25: Fiscal Year 2026 Guidance Bridge
FISCAL YEAR 2026 GUIDANCE BRIDGE Protest, Timing and Prior Guidance Divestitures and Current Guidance ($ Million) Favorable Margin Mid-Point Charges Mid-Point Performance Federal Solutions Revenue $3,305 ($85) ($90) $3,130 Critical Infrastructure Revenue $3,345 ($125) $3,220 Total Revenue $6,650 ($8
Slide 26: Solid Foundation for Growth
SOLID FOUNDATION FOR GROWTH Diversified revenue streams, coupled with low recompete risk and a substantial funded backlog, offer stability, reduce risk, and strengthen confidence in achieving financial targets Largest Contract 4% Top 10 Revenue diversification 22% • Largest contract expected to ge
Slide 27: Three-Year Growth Targets (2026 - 2028)
THREE-YEAR GROWTH TARGETS (2026 - 2028) Organic Growth Mid- Single- Double-digits Supplemented Digit or Better >100% By 2028 w/ Accretive Organically Acquisitions Revenue Growth Adjusted EBITDA Free Cash Flow Acquisitions Margin Expansion Conversion Parsons Corporation 27
Slide 28: Disciplined Capital Deployment
DISCIPLINED CAPITAL DEPLOYMENT 2025 CAPITAL DEPLOYMENT FUTURE CAPITAL DEPLOYMENT PRIORITIES Selective, accretive acquisitions Opportunistic share repurchases CapEx ~1% of revenue Share 37% Excess cash used for debt repayment Repurchase 43% CapEx $338M Key Principles M&A Disciplined Approach:
Slide 29: Strategic M&A Advancing Integrated Solutions Success
Strategic M&A Advancing Integrated Solutions Success Preemptive acquisition approach, unique identification program, and successful integration strategy generate results, position Parsons as a leading solutions integrator, enabling larger and more profitable contract wins in enduring markets Mission
Slide 30: M&A Supports an Integrated Solutions Strategy
M&A SUPPORTS AN INTEGRATED SOLUTIONS STRATEGY IPKeys Power & Cyber Partners TRS Group OGSystems BlackHorse Solutions SealingTech BlackSignal CTI Williams QRC® Braxton Science & Xator Electric Polaris Alpha Technologies Technology Group Echo Ridge Corporation I.S. Engineers BCC Engineering Applied Sc
Slide 31: Imagine Next
IMAGINE All six end-markets are growing, enduring, and profitable Unprecedented global infrastructure spending NEXT Distinguished national security portfolio aligned to the Administration’s priorities and positioned to deliver solutions that outpace near-peer threats Demonstrated M&A track record Ex
Slide 32: Appendix: Supplemental Materials
APPENDIX: SUPPLEMENTAL MATERIALS Parsons Corporation 32 3 2
Slide 33: Adjusted EBITDA Reconciliation
ADJUSTED EBITDA RECONCILIATION PARSONS CORPORATION Non-GAAP Financial Information Reconciliation of Net Income to Adjusted EBITDA (in thousands) Three Months Ended Six Months Ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Net income attributable to Parsons Corporation ($15,219) $55,23
Slide 34: Adjusted EBITDA Attributable to NCI
ADJUSTED EBITDA ATTRIBUTABLE TO NCI PARSONS CORPORATION Non-GAAP Financial Information Computation of Adjusted EBITDA Attributable to Noncontrolling Interests (in thousands) Three Months Ended Six Months Ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Federal Solutions Adjusted EBITDA
Slide 35: Adjusted Net Income Attributable to Parsons
ADJUSTED NET INCOME ATTRIBUTABLE TO PARSONS PARSONS CORPORATION Non-GAAP Financial Information Reconciliation of Net Income Attributable to Parsons Corporation to Adjusted Net Income Attributable to Parsons Corporation (in thousands, except per share information) Three Months Ended Six Months Ended