Engil S.G.P.S., S.A. informs on FY2024 Annual Consolidated Report and Accounts non-ESEF version

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INSPIRING Beyond Cultures

INSPIRING

Beyond Cultures

RELATÓRIO ÚNICO 2024

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INSPIRING Beyond Cultures

Table of contents

Part ONE - Consolidated management report

1.1 Consolidated management report overview

1. Message from the Chairman
2. 2024 in numbers and highlights 2024
3. Recognitions

1.2 The Strength of a Group

1.2.1 The Mota-Engil World

1. Business areas
2. Manuel António da Mota Foundation

1.2.2 Strategy Building 26 for a Sustainable Future

1.2.2.1 Strategic approach to sustainability

1. Corporate governance model and governing bodies
2. Tax information
3. Risk Management

1.3 Economic and financial performance

1. Economic and financial performance analysis
2. Analysis by business units
3. Mota‐Engil in stock market
4. Activity developed by the non-executive directors of the Board of Directors
5. Proposals for the application of results and distribution of corporate assets

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INSPIRING Beyond Cultures

1.4 Sustainability Statement

1.4.1 General Information

1.4.1.1 Basis of the Statement

1. General basis for preparing the sustainability statement

1. Disclosures regarding to specific circumstances

1.4.1.2 Sustainability Governance

1. Role of the management and supervisory bodies

1. Information provided and sustainability issues addressed by the company's management and supervisory bodies

1. Integration of performance into matters of sustainability in the incentives regime IV. Risk management and internal controls for sustainability reporting

1.4.1.3. Business strategy and model

1. Disclosure of the main elements of the organization's strategy relating to or impacting on sustainability issues II. Interests and views of stakeholders
   III. Material impacts, risks, and opportunities and their interaction with the strategy and business model

1.4.1.4. Managing material impacts, risks, and opportunities

1. Description of the processes to identify and assess material impacts, risks and opportunities II. Disclosure requirements for ESRS covered by the company's sustainability statement

1.4.2 Environmental Information

1. European Taxonomy
2. E1 - Climate change
3. E5 - Resource use and circular economy

1.4.3 Social Information

1.4.3.1. S1 - Own Workforce

1. Occupational health and safety II. Talent management

1. S2 Workers in the value chain
2. S3 - Affected Communities

1.4.4 Governance Information

1.4.4.1. G1 - Business conduct

I. Corporate culture and compliance

1. Procurement practices and supplier management

1. Innovation (Entity-specific disclosures)
2. Quality and safety of products/services and management of critical incidents
3. Cybersecurity (Entity-specific disclosures)
4. ESRS Correspondence Table

1. List of disclosure requirements included in the sustainability statement (IRO-2)
2. Datapoints derived from other applicable EU legislation (IRO-2)
3. List of disclosure requirements/datapoints incorporated by reference (BP-2)
4. Statement on Due Diligence (GOV-4)

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INSPIRING Beyond Cultures

1.5 Outlook for 2025

1.6 Relevant Facts After the End of the Financial Year

1.7 Final Note

Annexes

1. GRI Index
2. CMVM Correspondence Table
3. Other Sustainability Information

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Part TWO - Consolidated Financial Information

1. Consolidated income statement by natures
2. Consolidated statement of other comprehensive income
3. Consolidated statement of financial position
4. Consolidated statement of changes in equity
5. Consolidated statement of cash flows
6. Notes to the Consolidated financial statements
7. Appendix A

Part THREE - Report on Corporate Governance

1. Information on shareholder structure, Organization, and Corporate Governance
2. Corporate Governance Assessment

Part FOUR - Annexes

1. Statement under the terms of Article 29 G of the Portuguese Securities Code
2. Article 324, paragraph 2, and Article 66 paragraph 5, subparagraph d) of the Portuguese Commercial Companies Code
3. Article 447.º of the Portuguese Commercial Companies Code
4. Decret-Lawno. 110/2009 of 16 September
5. Article 66, paragraph 5, subparagraph g) of the Portuguese Commercial Companies Code
6. Qualified holdings
7. List of positions held by the members of the Board of Directors in the last five years
8. Remuneration Report

Part FIVE - Audit Reports

1. Statutory Audit Report and Auditor's Report
2. Report and Opinion of the Supervisory Board
3. Independent Limited Assurance Report on the Consolidated Sustainability Statement

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INTEGRATED REPORT 2024

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INSPIRING Beyond Cultures

1.1 CONSOLIDATED MANAGEMENT REPORT OVERVIEW

A path made

by our people

Inspiring Beyond Cultures

INTEGRATED REPORT 2024

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INSPIRING Beyond Cultures

Message from the Chairman

OF THE BOARD OF DIRECTORS

CARLOS MOTA SANTOS

CHAIRMAN OF THE BOARD

OF DIRECTORS AND CEO

INSPIRING

Beyond Cultures

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INSPIRING Beyond Cultures

Dear Shareholders,

2024 will be marked, at a global level, by the continuation of the war context that has lasted in Europe for three years, more recently added with the war in the Middle East. Prevailing uncertainty works to reinforce economic tensions, drawing a picture that defies the vision of joint progress and cohesion we would like to be a reality in nowadays world.

To that extent, 2024 was a challenging time for enterprises, as globally disruptive transformations emerged. Artificial Intelligence is now an integral part of business model development, increasingly associated with sustainability challenges, which the developed world will have to advance if our planet is to be cared for and preserved for generations to come.

In the case of the Mota-Engil Group, supported as we are by a legacy we are proud of and drives us to do ever better for the community and all our stakeholders, and in spite of the many and diverse challenges we faced in each of our operating regions, we can clearly take pride in what we achieved in 2024.

Focused on meeting the strategic objectives to which we have committed at all levels of our organisation, in 2024, it was possible to achieve a record Turnover of 5,951 million euros, an EBITDA of 955 million euros (with a 16% margin), thus ensuring a net profit of 123 million euros for the Group.

In these key indicators, the Group reached an unprecedented level in their 78-year history, with growth in all business areas and improved profitability, while maintaining their focus on controlling debt levels, which remained in line with the Strategic Plan.

To such extent, we have achieved the commitment we made to our shareholders at the beginning of the year in terms of sustainable growth centred on our core markets, on improving profitability and on promoting asset rotation to generate added value for the Group, thus significantly strengthening our balance sheet.

On a commercial level, we reached the largest volume ever achieved, by concluding a set of new contracts in 2024, worth 8 billion euros, meaning that over a period of three years only, we have more than doubled our Order Book, currently at 15.6 billion euros.

This, in turn, allowed us to ensure Group historic levels of production for the coming years, and, more importantly, with such a high- quality portfolio that Mota-Engil will be able to maintain one of the best operating margins in the Infrastructure Industry in Europe.

To support growth, the Group made a series of investments amounting to 511 million euros, in line with the previous year. Here, the highlight is that 76% of the total investment was directed towards business areas such as the Environment and Industrial Engineering, the segments with the highest margins in the Group's portfolio, or towards expansion investment, which demonstrates how focused our investment was on medium and long-term profitability, a trend which, I am certain, we will maintain in the years to come.

With these achievements, in 2024, the Mota-Engil Group met a significant part of the goals set in their Strategic Plan, not expected to be reached until 2026.

Therefore, and certain that the performance we have achieved can be sustained in the future, a New Strategic Plan will start to be developed in 2025, to set new ambitions with 2030 in mind.

Within the scope of such strategic reflection, we will delve into what may be new opportunities to generate greater added value in existing businesses and assets, as well as expand and diversify into new areas of recognised future potential, so as to project new goals in a Group with a long-term vision.

Acting in the present with a focus on the future, our aim will be to combine the purpose that guides us with a culture that sets us apart, aligned with the competitive advantages we now rely on and which, I am sure, will enable us to further strengthen our international operations.

However, all of this would not have been possible without the technical expertise, the widely recognised experience and the unyielding dedication of our employees. In the different markets we operate in, they were the ones who made it possible to achieve and, in many cases, to excel the objectives we set ourselves. Last but not least, fair recognition, as well as extended acknowledgement are in order to all our clients, suppliers, partners, funders and investors, who have decisively contributed to continuing a journey that should make us all proud.

2024

In numbers