Slide 1: Special Webcast: Segment Realignment and Executive Appointments
January 8, 2025 SPECIAL WEBCAST: SEGMENT REALIGNMENT AND EXECUTIVE APPOINTMENTS Stuart Bradie, President and CEO Mark Sopp, Executive VP and CFO Jamie DuBray, VP of Investor Relations 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements The statements in this presentation that are not historical statements, including statements regarding our plans, objectives, goals, strategies, investments, synergies, capital deployment, future financial performance, 2024-2027 financial targets, expected returns, award a
Slide 3: Stuart Bradie, President and Chief Executive Officer
Stuart Bradie President and Chief Executive Officer 3 © 2025 KBR Inc.
Slide 4: Key Messages
Key Messages POSITIONED BUSINESS FOR CONTINUED GROWTH PROACTIVELY ENGAGED WITH INVESTORS • Enhanced our go-to-market approach and • Hosted STS Primer webcast in March strengthened our commercial footprint • Hosted Investor Day in May and announced 2027 targets • Advanced key projects: Plaquemines be
Slide 5: KBR's Evolution to a Global Diversified Industry Leader
KBR’s Evolution to a Global Diversified Industry Leader • High-end, technically-enabled services and Attractive global end markets with technologies company with deep engineering, scale and diversification science and digital capabilities • Serving both government and commercial customers across att
Slide 6: Realigning KBR to Meet the Demands of Today and Tomorrow
Realigning KBR to Meet the Demands of Today and Tomorrow WHAT’S NEW • Eliminated standalone Government Services International organization and integrated elements into Mission • Announced intent to realign segments in Q2’24; Technology Solutions and Sustainable Technology moves completed in Q4’24 So
Slide 7: KBR's Realigned Structure
KBR’S Realigned Structure PRIOR SEGMENTS NEW SEGMENTS GOVERNMENT SOLUTIONS (GS) MISSION TECHNOLOGY SOLUTIONS (MTS) BUSINESS UNITS BUSINESS UNITS Science Readiness Defense International Science Readiness Defense & & & & & & Space Sustainment Intel (GSI) Space Sustainment Intel Frazer-Nash Consulting
Slide 8: Realignment Provides Meaningful Benefits
Realignment Provides Meaningful Benefits Aligns capabilities Increases cross- Achieves cost savings and talent to business connectivity, and more efficient cost customers and opening pipeline base to support end markets to additional continued profitable opportunities growth and scale 8 © 2025 KBR I
Slide 9: Aligning Talent & Capabilities to Customers and End Markets
Aligning Talent & Capabilities to Customers and End Markets SELECTED ACTIONS WE’VE TAKEN BENEFITS § Aligned Air, Space, and Intelligence customers > Supports customers’ focus on driving Joint All Domain under a single SVP Command and Control systems § Aligned UK and Australian Defense teams with > S
Slide 10: Increasing Cross-Business Connectivity and Opening Pipeline
Increasing Cross-Business Connectivity and Opening Pipeline SELECTED ACTIONS WE’VE TAKEN BENEFITS § Enhanced cross-selling logistics capabilities > Identified $10B in new science and intel customer globally opportunities § Aligned local business operations under a single > Air Force Materiel Command
Slide 11: Stuart Bradie and Mark Sopp
Stuart Mark BradieSopp Executive President Vice President and Chief and Executive Chief Financial Officer Officer 11 © 2025 KBR Inc.
Slide 12: Achieving Cost Savings
Achieving Cost Savings SELECTED ACTIONS WE’VE TAKEN BENEFITS $30 MILLION § Eliminated the GS International organization § Initiated organization-wide zero-based budgeting approach Expected Annual Cost Savings § Reviewed spans and layers of management; combined multiple groups into single enterprise
Slide 13: Supplemental Investor Schedule
Supplemental Investor Schedule A supplemental investor schedule is available with relevant recast pro forma financial information on investors.kbr.com website KBR CONFIDENTIAL 13 © 2025 KBR Inc.
Slide 14: Reiterating 2027 Long-Term Targets
Reiterating 2027 Long-Term Targets KBR CONSOLIDATED MISSION TECHNOLOGY SOLUTIONS $11.5B+ Revenues Revenue CAGR Adj. EBITDA Margin1 Adj. EBITDA $1.15B+ 1 11%–15% 9%–10% Adj. EBITDA Margin 10%–11% 1 SUSTAINABLE TECHNOLOGY SOLUTIONS OCF $700M+ Adj. EBITDA Revenue CAGR Margin1 11%–15% ~20% Targets exclu
Slide 15: Supporting KBR's Growth in Size and Scale with Executive Appointments
Supporting KBR’s Growth in Size and Scale with Executive Appointments • Leadership changes support KBR’s strategy execution and continued strong performance – Byron Bright effective May 2025 Chief Operating Officer • Chair General Lester Lyles announced plans • 15 years with KBR in roles to retire i
Slide 16: Key Takeaways
Key Takeaways • Streamlined, resilient business model well-positioned for 2025 and beyond ONE KBR • Energized leadership team Capabilities • Segment realignment and executive appointments further enable sharper Mission Sustainable execution and expand profitable Technology Deep Domain Expertise Tech
Slide 17: Q&A
Q&A 17 © 2025 KBR Inc.
Slide 18: KBR Investment Thesis: Attractive Growth Opportunity
KBR Investment Thesis: Attractive Growth Opportunity • Robust cash generation • Well-positioned in end markets of the future • Low capital intensity • Global delivery footprint Capital • Strong balance sheet Upside Enduring • Strong customer relationships Growth Resilient Differentiated • Portfolio
Slide 19: Appendix
Appendix 19 © 2025 KBR Inc.
Slide 20: Footnotes
Footnotes 1 Adj. EBITDA and Adj. EBITDA margin are considered non-GAAP financial measures under SEC rules. EBITDA is defined as Net income attributable to KBR, plus Interest expense; Accretion of Convertible Notes debt discounts; Other non-operating expense; Provision for income taxes; and Depreciat