Slide 1: Q2 2026 Results
Q2 2026 RES FLUOR.,
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements During this presentation, we may discuss certain non- (including without limitation statements to the effect that GAAP financial measures including consolidated the Company or its management “will,” “believes,” segment profi
Slide 3: Q2 Highlights
Q2 Highlights 1 2 3 4 Pull through capture Diversified growth Legacy projects Growing our taking flight across Fluor’s nearing completion nuclear portfolio end markets New awards = $6.1B Ability to deliver large, Two completed in Q2 Centrus award Backlog = $26.9B complex projects Substan
Slide 4: Pull Through Replenishing the Pipeline
Pull Through Replenishing the Pipeline Replenishing the front-end pipeline Midstream Fertilizers – Woodsmith Copper Data Centers – TeraWulf Copper – Americas Fertilizers Refining – AFR Nuclear Power – X-Energy Graduated from front-end to EPC Chemicals – GPIC Nuclear Fuel LNG – LNTP LNG
Slide 5: Urban Solutions
Urban Solutions Majority revenue contributor; driving growth for Fluor ACCOMPLISHMENTS NEW AWARDS: $3.2B PROSPECTS In-house M&M pipeline of Copper mine in Chile Life sciences $30 billion Anglo American’s Woodsmith Rare earth magnet facility Completion achieved fertilizer project Two So
Slide 6: Energy Solutions
Energy Solutions Front-end work driving next wave of EPC projects ACCOMPLISHMENTS NEW AWARDS: $704M PROSPECTS Closed out mega projects LNG Canada Phase 2 limited Gas-fueled opportunities Active gas-fueled notice to proceed LNG Canada phase 2 FNTP environment Aromatics facility in Bahrain
Slide 7: Mission Solutions
Mission Solutions Expanding into EPC opportunities ACCOMPLISHMENTS NEW AWARDS: $2.2B PROSPECTS Continuing support for Task order for support of Savannah River rebid and six- DOE/DOW Operation Epic Fury month extension Expanding into additional Extended on all major Combined M&O scope EPC
Slide 8: Fluor Delivers Across the Full Nuclear Lifecycle
Fluor Delivers Across the Full Nuclear Lifecycle: From remediation to new builds, a portfolio aligned with long-term nuclear demand 80 years Conventional in the nuclear industry Power EPC Nuclear Operations & Outages 4 Environmental ASME N Stamp Accreditations Clean-Up Small Modular Reactors (SMR) 9
Slide 9: Q2 2026 Financial Update
FLUOR. © 2026 Fluor. All Rights Reserved. Fluor is a registered service mark of Fluor Corporation. a
Slide 10: Q2 2026 Financial Results
Q2 2026 Financial Results Revenue Adj. EBITDA* Diluted Adj. EPS* New Awards (TTM) Backlog $4.3B $149M $0.91 $13.8B $26.9B $13.8 $26.9 $12.6 $25.5 $4.3 $3.9 $149 $0.91 $96 $0.43 Q2'25 Q2'26 Q2'25 Q2'26 Q2'25 Q2'26 Q2'25 Q2'26 YE 2025 Q2'26 +9% +55% +112% +10% +5% *Non-GAAP financial measure *Non-GAAP
Slide 11: Q2 Business Segment Financials
Q2 Business Segment Financials Urban Solutions Energy Solutions Mission Solutions Profit Profit Profit $38M $88M $44M New Awards New Awards New Awards $3.2B $3.2 $704M $549 $704 $2.2B $2.2 $856 $363 Q2'25 Q2'26 Q2'25 Q2'26 Q2'25 Q2'26 Backlog $20.6 $19.4 Backlog Backlog $19.4B $3.5B $5.6 $3.5 $3.9B
Slide 12: Q2 Cash Flow & JV Sale
Q2 Cash Flow & JV Sale Cash Flow Mexican JV sale Cash and equivalents $3.0B Proceeds from sale $175M Operating Cash Flow ($317M) Pre-tax gain $90M Includes $357M in NuScale tax monetization Tax payment of $33M Normalized basis $40M Q2 loss funding $96M Backlog reduction $669M ~$94M expected rema
Slide 13: 2026 Earnings Guidance Bridge
2026 Earnings Guidance Bridge $ millions $600 $542 $519 $38 ($44) $513 $500 $400 $300 $200 $100 $0 Q1 Midpoint Q1 Midpoint Adj. for Gordie Howe Improved Portfolio Q2 Midpoint 2H Mexico JV contribution International Bridge Performance Decrease Increase EARNINGS CALL | Q2 2026 RESULTS 13
Slide 14: Outlook
Outlook FY 2026 Assumptions New awards book to burn well above 1 2026 Guidance G&A $170 - $180M Adj. EBITDA $500 - $525M prev. $502-$537 (excl. Mexico JV) Effective tax rate 28% - 30% Revenue split approximately: Adj. EPS $2.70 to $2.80 prev. $2.60-$2.80 Urban Solutions: 65% Energy Solutions: 20% Ad
Slide 15: Q&A
Q&A © 2026 Fluor. All Rights Reserved. Fluoris a registered service mark of Fluor Corporation,
Slide 16: Appendix
APPENDIX
Slide 17: U.S. GAAP Reconciliation of Consolidated Segment Profit
U.S. GAAP Reconciliation of Three Months Ended June 30, Six Months Ended June 30, Consolidated Segment Profit (in millions) Revenue 2026 2025 2026 2025 Urban Solutions $ 2,904 $ 2,070 $ 5,341 $ 4,227 Energy Solutions 709 1,143 1,412 2,349 Mission Solutions 716 762 1,238 1,358 Other — 3 — 25 Total re
Slide 18: Reconciliation of U.S. GAAP Net Earnings
Reconciliation of U.S. THREE MONTHS ENDED JUNE 30, SIX MONTHS ENDED JUNE 30, GAAP Net Earnings (In millions, except per share amounts) Net earnings attributable to Fluor $ 2026 114 2025 $ 2,460 $ 2026 274 $ 2025 2,219 Attributable to Fluor to adjusted net Exclude: Stork businesses (now divested) Net
Slide 19: Reconciliation of U.S. GAAP Net Earnings to Adjusted EBITDA
Reconciliation of U.S. THREE MONTHS ENDED JUNE 30, SIX MONTHS ENDED JUNE 30, GAAP Net Earnings (in millions) 2026 2025 2026 2025 Attributable to Fluor to Net earnings attributable to Fluor Interest income, net $ 114 $ (21) 2,460 $ (17) 274 $ (36) 2,219 (34) adjusted EBITDA Tax expense 25 765 17 712
Slide 20: Reconciliations of Adjusted Net Revenue, Adjusted Segment Profit and Adjusted Net Margin
Reconciliations of Adjusted Net Revenue, Adjusted Segment Profit and Adjusted Net Margin EARNINGS CALL | Q2 2026 RESULTS 20