Slide 1: 9M 2024 Results Presentation
East of Nile Monorail, Egypt 9M 2024 Results Presentation 24 November 2024
Slide 2: Table of Contents
Table of Contents Section Page Summary Financials 1 Consolidated Backlog 2-4 Pro Forma Snapshot Including BESIX 5 Subsidiaries and Investments 6 Financial Statements 7-13
Slide 3: Summary Income Statement
Summary Income Statement USD million Revenue by Geography – 9M 2024 9M 2024 9M 2023 Change Q3 2024 Q3 2023 Change Other MEA 7.7% Revenue 2,319.9 2,365.2 (1.9)% 842.5 801.7 5.1% MEA 1,076.0 1,344.6 (20.0)% 394.8 442.9 (10.9)% Egypt 38.7% USA 1,243.9 1,020.6 21.9% 447.7 358.8 24.8% Adj. EBITDA 119.4 9
Slide 4: Consolidated Backlog
Consolidated Backlog Evolution of Consolidated Backlog (USD Billion) (1) Consolidated ▪ Consolidated backlog increased 14.7% y-o-y Backlog New Awards to USD 8.0 billion in 9M 2024 (2) $8.1 $8.0 ▪ New awards decreased 59.1% y-o-y to USD $7.0 926.1 million in Q3 2024 and 33.1% y-o-y to $6.1 USD 2.6 bi
Slide 5: Consolidated Backlog Breakdown – September 2024
Consolidated Backlog Breakdown – 30 September 2024 Backlog by Geography Backlog by Sector Other Commercial 3.6% 12.0% USA 21.7% Industrial 23.1% UAE 7.6% Infrastructure Egypt 64.9% 67.1% Backlog by Client Backlog by Currency(1) EGP Private 15.0% 24.3% Public 75.7% FCY & FCY- priced 85.0% (1) 77.6% o
Slide 6: Evolution of Backlog by Geography
Evolution of Backlog by Geography Consolidated Backlog by Geography (Excluding BESIX) (1) $5.4 bn $6.1 bn $5.5 bn $8.1 bn $8.0 bn 1.7 1.7 0.2 0.3 0.6 0.6 1.3 0.9 1.3 0.2 0.2 0.2 0.2 0.2 0.1 5.5 5.4 4.2 4.3 3.8 2020 2021 2022 2023 9M 2024 Egypt UAE Saudi Arabia Other MEA USA Note: Backlog/new awards
Slide 7: Pro Forma Snapshot Including 50% of BESIX – 9M 2024
Pro Forma Snapshot Including 50% of BESIX – 9M 2024 ▪ BESIX’s standalone backlog of EUR 8.1 billion as of 30 September 2024 and new awards of EUR 5.5 billion in 9M 2024 ▪ Standalone net debt position of EUR 162.5 million as of 30 September 2024 ▪ BESIX book value of USD 430.1 million in Orascom Cons
Slide 8: Portfolio of Equipment Services, Building Materials, Facility Mgmt. and Concessions
Portfolio of Equipment Services, Building Materials, Facility Mgmt. and Concessions These subsidiaries and investments contributed USD 27.5 million (31.8%) to the Group’s total net income in 9M 2024 (1) Company(1) Ownership 9M 2024 Revenue Description ▪ A leading equipment importation, distribution
Slide 9: Financial Statements
Financial Statements 10
Slide 10: Income Statement
Income Statement USD million 9M 2024 9M 2023 Q3 2024 Q3 2023 Results Commentary Revenue 2,319.9 2,365.2 842.5 801.7 Revenue: Cost of sales (2,105.1) (2,170.0) (768.8) (732.8) ▪ Revenue increased 5.1% y-o-y to USD 842.5 million in Q3 Gross profit 214.8 195.2 73.7 68.9 2024 and slightly decreased 1.9%
Slide 11: Adjusted EBITDA and Net Income
Adjusted EBITDA and Net Income Adjusted EBITDA Adjusted EBITDA 9M 2024 9M 2023 Change EBITDA 112.6 183.8 -38.7% [+] Non-operating one-off expense (Q1 2024) 7.5 - [-] Gain from the divestment of a building material subsidiary (Q2 2024) -0.7 - [-] Net gain from building material divestments & one-off
Slide 12: Balance Sheet
Balance Sheet USD million 30 Sep 2024 31 Dec 2023 Results Commentary ASSETS Non-current assets Non-current assets ▪ Total investment in associates includes BESIX at an equity Property, plant and equipment 126.5 126.4 value of USD 462.8 million, out of which BESIX represents Goodwill 27.7 27.7 USD 43
Slide 13: Balance Sheet
Balance Sheet USD million 30 Sep 2024 31 Dec 2023 Results Commentary EQUITY Equity: Share capital 110.2 110.2 ▪ The movement in reserves relates primarily to currency Share premium 467.3 467.3 translation differences Reserves (518.1) (421.7) Liabilities: Retained earnings 576.2 533.3 ▪ Trade and oth
Slide 14: Cash Flow Statement
Cash Flow Statement USD million 30 Sep 2024 30 Sep 2023 Results Commentary Cash flow generated from / used in operating activities: Net profit for the period 96.0 150.8 ▪ Operating cash flow of USD 254.2 million in 9M 2024 Adjustments for: compared to negative USD 90.7 million in 9M 2023 Depreciatio
Slide 15: Cash Flow Statement
Cash Flow Statement USD million 30 Sep 2024 30 Sep 2023 Results Commentary Cash flow used in / generated from investing activities: Proceeds from sale of investment in subsidiaries - 116.7 ▪ Cash flow used in investing activities of USD 44.2 million in Investments in PP&E (48.6) (21.0) 9M 2023 compa
Slide 16: Important Notice and Disclaimer
Important Notice and Disclaimer This document has been provided to you for information purposes only. This document does not constitute an offer of, or an invitation to invest or deal in, the securities of Orascom Construction PLC (the “Company”). The information set out in this document shall not f
Slide 17: Contact Investor Relations
Contact Investor Relations: Hesham El Halaby Director hesham.elhalaby@orascom.com T: +971 4 318 0900 NASDAQ Dubai: OC EGX: ORAS www.orascom.com