#1Jacobs Investor Presentation September 2023 Jacobs Challenging today. Reinventing tomorrow. NYO#2Disclaimer Forward-Looking Statement Disclaimer Certain statements contained in this presentation constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," "target.," "goal" and similar words are intended to identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements regarding our expectations as to our future growth, prospects, financial outlook, and business strategy for fiscal year 2023 or future fiscal years, including our expectations for our fiscal year 2023 adjusted EPS and adjusted EBITDA based on recent FX rates (including our outlook assumptions), revenue growth, free cash flow, and fiscal 2023 cash conversion to adjusted net income, our expectations regarding our ability to maintain an investment grade profile, our plans to separate the CMS business through a spin-off that is intended to be tax-free to stockholders for U.S. federal income tax purposes, our plans to review potential alternatives to the separation, the description of the CMS business following the separation, the timing of completion for the separation,, and the perceived benefits for both Jacobs and CMS to be derived from the separation. Although such statements are based on management's current estimates and expectations, and/or currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain and you should not place undue reliance on such statements as actual results may differ materially. We caution the reader that there are a variety of risks, uncertainties and other factors that could cause actual results to differ materially from what is contained, projected or implied by our forward-looking statements. Such factors include uncertainties as to the final structure and timing of the separation of the CMS business, including with respect to the scope of the businesses to be separated or retained by the Company, the possibility that closing conditions for a separation transaction may not be satisfied or waived, the impact of the separation on the Company's and CMS's businesses, the possible impact on Jacobs' credit profile, and a possible decrease in the trading price of their shares, if the separation is completed, the possibility that the separation may not qualify for the expected tax treatment, the risk that any consents or approvals required in connection with the separation may not be received, the risk that the separation may be more difficult, time-consuming or costly than expected, and the possibility that we may not retain key employees while the separation is pending or after it is completed, as well as factors related to our business, such as our ability to fully execute on our three-year corporate strategy, including our ability to invest in the tools needed to implement our strategy, competition from existing and future competitors in our target markets, our ability to achieve the cost-savings and synergies contemplated by our recent acquisitions within the expected time frames or to achieve them fully and to successfully integrate acquired businesses while retaining key personnel, the impact of any pandemic, and any resulting economic downturn on our results, prospects and opportunities, measures or restrictions imposed by governments and health officials in response to the pandemic, the timing of the award of projects and funding, and potential changes to the amounts provided for, under the Infrastructure Investment and Jobs Act, any changes in U.S. or foreign tax laws, statutes, rules, regulations or ordinances that may adversely impact our future financial positions or results of operations, financial market risks that may affect the Company, including by impacting the Company's access to capital, the cost of such capital and/or the Company's funding obligations under defined benefit pension and postretirement plans, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the current banking crisis, the impact of a possible recession or economic downturn on our results, prospects and opportunities, and geopolitical events and conflicts, among others. The impact of such matters includes, but is not limited to, the possibility that we will not complete the spin-off or any separation transaction or that the transaction will occur on terms or conditions that are different or less favorable than expected; the possible reduction in demand for certain of our product solutions and services and the delay or abandonment of ongoing or anticipated projects due to the financial condition of our clients and suppliers or to governmental budget constraints or changes to governmental budgetary priorities; the inability of our clients to meet their payment obligations in a timely manner or at all; potential issues and risks related to a significant portion of our employees working remotely; illness, travel restrictions and other workforce disruptions that have and could continue to negatively affect our supply chain and our ability to timely and satisfactorily complete our clients' projects; difficulties associated with retaining and hiring additional employees; and the inability of governments in certain of the countries in which we operate to effectively mitigate the financial or other impacts of a pandemic on their economies and workforces and our operations therein. The foregoing factors and potential future developments are inherently uncertain, unpredictable and, in many cases, beyond our control. For a description of these and additional factors that may occur that could cause actual results to differ from our forward-looking statements, see those listed and discussed in Item 1A, Risk Factors included in our 2022 Form 10-K and our Quarterly Reports on Form 10-Q. The Company is not under any duty to update any of the forward-looking statements after the date of this presentation to conform to actual results, except as required by applicable law. Non-GAAP Financial Measures and Operating Metrics To supplement the financial results presented in accordance with generally accepted accounting principles in the United States ("GAAP"), we present certain non-GAAP financial measures within the meaning of Regulation G under the Securities Exchange Act of 1934, as amended. These measures are not, and should not be viewed as, substitutes for GAAP financial measures. More information about these non-GAAP financial measures and reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures can be found at the end of this presentation. Reconciliation of expected fiscal year 2023 adjusted EBITDA and adjusted EPS based on recent FX exchange rates, and adjusted non-controlling interests for fiscal year 2023 to the most directly comparable GAAP measure is not available without unreasonable efforts because the Company cannot predict with sufficient certainty all of the components required to provide such reconciliation, including with respect to the costs and charges relating to transaction expenses, restructuring and integration and other non-recurring or unusual items to be incurred in such periods.#3Jacobs today ■ Workforce: ~60,000 ☐ Currently operates across four reporting segments that provide a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sectors: - People & Places Solutions (P&PS) - critical infrastructure - Majority investment in PA Consulting (PA) Divergent Solutions (DVS) - data & software solutions - Critical Mission Solutions (CMS) (to be separated) Cities & Places 10% Space 5% Health & Life Sciences 6% By Sector 1, 2 Advanced Manufacturing 7% Portfolio Overview FY22 Infrastructure 35% UK & Europe 23% By Region² APAC & Other 9% ☐ ■ Targeting higher growth / margin sub-segments ☐ Client segments expected to outpace industry growth rates - critical infrastructure, water & environment, semiconductors, life sciences, digitally-enabled solutions Energy & Environment 17% FY24 Strategic Targets 100% Client projects with ESG scope 10,000 Consulting & Advisory talent base 30% Revenue from consulting, data and technology 3 Fixed-price limited risk 21% By Mix² Fixed-price at risk 5% 1 Excludes PA Consulting National Security 20% PA DVS 9% 7% P&PS Reimbursable Solutions 74% 49% By Segment³ 2 Reflects Revenue for FY22 3 Reflects Adj. Net Revenue, defined as Revenue minus pass-through Revenue, for FY22. Adj. Net Revenue is a non-GAAP financial measure. Please see Appendix for a reconciliation to the nearest GAAP measure North America 68% CMS 42%#4Transformation to less volatile and higher value services and solutions Advanced Manufacturing National Government Infrastructure 18% 12% 1 2014 $12.7B Buildings 6% PharmaBio 4% Mining & Minerals 7% Oil, Gas & Chemicals 47% Power, Pulp & Paper, High Tech, Food & Consumer Products 6% Cities & Places 10% 7% Space 5% 1,2 2022 $14.9B Health & Life Sciences 6% Energy & Environment 17% National Security 20% Infrastructure 35% 2015-2016 Assess and Focus ■ New management team joins Jacobs ☐ Developed strategy aligned to secular growth opportunities Re-vamped and formalized new, disciplined M&A process ■ Restructured around global Lines of Business to drive accountability Instituted culture of inspirational leadership and inclusion 2017-2022 De-risk and Shift to Higher Value Services ■ Transitioned to solutions-based company Acquired CH2M to accelerate growth in high value infrastructure ■ Divested energy, chemical and resources business Acquired leading cyber, analytics & nat. security capabilities ■ Launched new Jacobs' brand ■ Leveraged strong culture to successfully transform Jacobs ■ Acquired majority ownership in PA Consulting to bolster investment in high-value consulting solutions • Today & future • Challenging Today. Reinventing Tomorrow ■ Foundation of efficient, competitive businesses ■ ■ Global, premier high-end solutions provider Strong, global client relationships across all segments ■ Dynamic inclusive and diverse culture ■ Positioning two leading businesses for success, with individual strategies, capital structures, and capitol allocation plans 1 Based on Revenue per applicable 10K filing 2 Percentages by Market exclude PA Consulting#55 Three needle-moving accelerators catalyze additional growth across all markets Climate Response Consulting& & Advisory Data Solutions Infrastructure ▪ National Security ▪ Advanced Manufacturing ■ Health & Life Sciences ▪ Energy & Environment ▪ Cities & Places ▪ Space OJacobs 2023#6Jacobs holds leading positions Overall 6 Infrastructure Nº 1 N° 1 Top 500 in Design Firms Wastewater Treatment Nº 1 Nº 1 N° 1 Top 100 Pure Designers Sanitary & Storm Sewers Nº 1 Health & Life Sciences Pharmaceuticals Health Care No 1 Top 20 Firms in Combined Design and CM-PM Professional Services Revenue Nº 1 Sewer & Waste Nº 1 Water Transmission Lines No 1 Top 50 Program Management Firms Nº 1 Operation & Maintenance Advanced Manufacturing Nº 1 Data Centers Nº 1 Telecommunications Nº 1 Semiconductors Energy & Environment Nº 2 Water Nº 1 Manufacturing Nº 1 Environmental Consulting Nº 2 Transportation Nº 1 Industrial Process Nº 1 Clean Air Compliance Nº 2 Bridges Nº 1 Pulp & Paper Nº 1 Solar Power Nº 2 Mass Transit & Rail Nº 2 Electronics Assembly Nº 2 Chemical & Soil Remediation Nº 2 Marine & Port Facilities Nº 2 Site Assessment & Compliance Nº 2 Airports Cities & Places Nº 2 Wind Power Nº 2 Nº 2 Co-Generation Nº 2 Water Treatment, Desalination & Supply Highways Nº 2 Government Offices Nº 2 Entertainment Nº 2 Power *Source: Engineering News-Record: 2023 Top 500 Design Firms and Top 200 Environmental Firms OJacobs 2023#77 Well positioned for long-term growth Transportation Legislative drivers Water & Environment Supply Chain and Technology Investments Energy Transition Advanced Facilities ☐ ☐ Semiconductors Life Sciences Electric Vehicles Double Digit Pipeline Growth O Jacobs 2023#8People & Places Solutions - Infrastructure & sustainability spend Approx. revenue¹ by end market (FY 2022) Advanced Manufacturing 10% (Semiconductors and Data Centers) Business Breakdown Gross Revenue Adj. Net Revenue* FY'22 Cities & Places 16% (% of Total Adj. Net Revenue*) Transportation 31% US/International Public/Private Reimbursable / Fixed Price Services % Operating Profit Margin (% of Adj. Net Revenue*) Energy & Environment 11% Health & Life Sciences 10% Water 22% Infrastructure Infrastructure-enabling markets End-to-end Solutions Climate change ■ Energy transition ■ Connected mobility Key Customers Environment COSTAIN Agency EXPO 2020 DUBAI UAE FIFA WORLD CUP Cat ar2022 $8,535 million $6,072 million (49%) 62% / 38% 61% / 39% 72% / 28% 13.6% Integrated water management ■ Smart cities ■ Vaccine manufacturing *Adj. Net Revenue is a non-GAAP financial measure. Please see Appendix for a reconciliation to the nearest GAAP measure 1 Reflects Revenue for FY22 highways intel LGA FUJIFILM england STAT LAGUARDIA Lilly Pfizer TEAM2100 NAVY#9P&PS playing in critical sectors aligned to infrastructure and sustainability Transportation Water Cities & Places Energy & Environmental Health and Life Sciences Advanced Manufacturing ■ Market leading position in Mass Transit & Rail, Marine & Port Facilities, Highways & Bridges, and Airports ■ PMCM capabilities delivering world's largest Transportation megaprojects Transportation Advisory & Planning ■ Decarbonization ■ Data & Cyber solutions ■ EV charging Unique OneWater end-to- end approach providing social value across the complete water cycle Drinking water and reuse, wastewater, conveyancing and storage and water resources ■ Water-Energy nexus ◉ Digital Water including OT Cyber ■ Nature based solutions Integrating data, technology, mobility and connectivity to improve economic and social equity and the resiliency of cities & communities Architecture, Structures, Building Systems, Interiors & Strategies ■ Market leaders in Defense and Government buildings Industry leading PMCM capabilities ■ Sustainable and intelligent buildings ☐ Responding to challenges driven by climate change, urbanization, resource scarcity, energy security & digital proliferation Supporting global energy diversification and transition efforts across all sectors ■ Renewables and hydrogen ■ Environmental planning, remediation, regeneration, operational excellence and PFAS solutions ☐ Largest professional services provider to the biopharmaceutical industry ■ Health System Governance, Health Infrastructure and Health Operations Advisory Digital Health: data solutions and cyber expertise, telehealth Capturing unprecedented multi-year super-cycle in semiconductors in response to global supply chain disruption ■ Trusted advisor to many Electronics and Specialized Manufacturing clients ■ Data centers, driving decarbonization and cloud condo strategies ■ Electric Vehicle Manufacturing Empowered by digitally enabled solutions across all end sectors#10PA Consulting - Differentiated growth through ingenuity Approx. revenue¹ by end market (FY 2022) Transport 9% Energy & Utilities Health & Life Business breakdown Revenue (% of Total Adj. Net Revenue*) US / International FY'22 $1,119 million (9%) 13%87% (~77% UK) 10 8% Consumer & Manufacturing 12% Financial Services 14% Key Customers Public Services 15% BANK OF ENGLAND M Emirates Sciences 22% Public/Private 49% / 51% Reimbursable / Fixed Price Services 67% / 33% % Operating Profit Margin 20.7% Combines innovative thinking and breakthrough use of technologies across: Consumer and manufacturing Defense & Security 20% ■ Defense and security ■ Energy and utilities ◉ Financial services ■ Government ■ Health and life sciences • Transport *Adj. Net Revenue is a non-GAAP financial measure. Please see Appendix for a reconciliation to the nearest GAAP measure 1 Reflects Revenue for FY22 Google HM Government John Lewis NOVARTIS Ministry Orsted gsk of Defence P&G Royal Bank As of Scotland HSBC NHS Nordea LLOYDS BANK Pfizer Rentokil U TRAFIKVERKET Unilever#1111 Divergent Solutions - Innovative data and digital solutions Approx. revenue1 by end market (FY 2022) Commercial 5% Infrastructure Space 14% 4% Energy & Environment 2% Business breakdown Revenue Adj. Net Revenue* FY'22 $892 million $862 million (% of Total Adj. Net Revenue*) (7%) US International 98% / 2% Public/Private 92% / 8% Defense 17% Key Customers Cyber & Intelligence 58% OF JUSTIC U.S. AIR FORCE INVESTI DISA Reimbursable / Fixed Price Services % Operating Profit Margin Supports all lines of business as the core foundation for developing and delivering: ◉ Innovative, next-generation cloud ■ Cyber Data analytics Digital solutions such as systems and software application integration services 77% / 23% 7.8% Strategic Acquisitions & Partnerships ☐ KeyW Buffalo Group ◉ BlackLynx ■ StreetLight Data ☐ Palantir Partnership *Adj. Net Revenue is a non-GAAP financial measure. Please see Appendix for a reconciliation to the nearest GAAP measure 1 Reflects Revenue for FY22 NTELLIGENCE CANDIED STATES OF AMERICA D DEPARTMENT OF 1789 THE TREASURY c+#12Critical Mission Solutions - Poised to thrive independently Approx. revenue¹ by end market (FY 2022) Business breakdown Infrastructure 5% (Telecom) Advanced Manufacturing 2% (Auto National Security 12 Defense & Intelligence 53% Key Customers test & diagnostics) Australian Government AT&T Department of Defence Space 14% FY'22 Revenue (% of Total Adj. Net Revenue*) $4,377 million (35%) US International 82% / 18% Public/Private 88% / 12% Reimbursable / Fixed Price Services 79% / 21% % Operating Profit Margin 8.1% ☐ Provides a full spectrum of solutions for our government clients: Cyber, data analytics, systems and Enterprise operations and maintenance software application integration services ■ Program management ☐ Consulting Energy & Environment 26% ☐ Enterprise level O&M and mission IT Other highly technical consulting solutions Space exploration and intelligence ☐ Engineering and design Combatant Commands ITED Adj. Net Revenue is a non-GAAP financial measure. Please see Appendix for a reconciliation to the nearest GAAP measure 1 Revenue figures include Divergent Solutions. In the first quarter of fiscal 2023, the Company began reporting an additional operating segment, Divergent Solutions, in addition to the current operating segments UNIT ED STATES AIR FORCE U.S. Intelligence Community NASA Ministry of Defence STAT AVY#13Fiscal 2023 Q3 Results#14Jacobs Challenging today. Reinventing tomorrow. Strategy: Boldly Moving Forward ■ Culture of inclusion, innovation and inspiration creates competitive advantage ■ Diverse sector exposure with recurring revenue provides substantial visibility ■ Climate Response, Data Solutions and Consulting & Advisory key accelerators ☐ Solid execution and discipline result in strong cash flow and shareholder value Track record of execution Q3 adjusted net revenue increased 7.5% y/y and up 8% y/y in constant currency (cc) Q3 adjusted OP up 10% y/y and up 11% y/y cc PA Consulting, 8% Divergent Solutions, 6% Critical Mission Solutions, 35% Q3 2023 Segment Adj. Net Revenue ☐ Q3 revenue backlog $29B, up 3% y/y with gross margin in backlog up 85 bps y/y ☐ Q3 P&PS adjusted net revenue up 9% y/y with OP growth up 13% y/y and up 15% y/y cc Adj. Net Revenue ($ in Billions) $3.4 Backlog ($ in Billions) $28.1 $28.9 $3.1 Q3 2022 Q3 2023 Q3 2022 14 See Non-GAAP reconciliation and operating metrics at the end of presentation Q3 2023 PA Consulting, 14% Divergent Solutions, 5% Critical Mission Solutions, 23% Q3 2023 Segment Operating Profit People & Places Solutions, 51% People & Places Solutions, 57%#15Fiscal 2023 Q3 results Revenue up 9.4% y/y, adjusted net revenue increased 7.5% y/y and up 8% in constant currency GAAP Operating Profit (OP) of $270M and OP Margin of 6.4% Adj. OP of $361M up 10.2% and up 10.7% in constant currency; Adj. OP Margin (% of Adj. Net Revenue) of 10.7% GAAP Net Earnings from Continuing Operations of $164M GAAP EPS from Continuing Operations of $1.29 includes: $(0.27) of expense net of NCI related to the amortization of acquired intangibles ☐ ■ $(0.01) of a non-cash charge related to reduction in real estate footprint $(0.20) of transaction, restructuring and other related costs $(0.05) tax adjustment to align to expected annual effective tax rate Adj. EPS of $1.82, down 2.2% y/y. Year-ago period benefited from gain of $0.08 per share related to a cost method investment sold Adjusted EBITDA of $355M, with adjusted EBITDA margin 10.5% of Adj. Net Revenue Q3 revenue book-to-bill 1x and gross margin percentage in backlog up over 85 bps y/y 15 See Non-GAAP reconciliation and operating metrics at the end of presentation#16Segment financials $'s in millions People & Places Solutions Operating Profit as a % of adj. net revenue1 Critical Mission Solutions Operating Profit as a % of revenue PA Consulting Operating Profit as a % of revenue Divergent Solutions Operating Profit as a % of adj. net revenue1 Q3 2022 214 13.8% 88 8.0% Q3 2023 243 14.4% 99 8.3% 51 18.5% 61 21.2% 12 5.7% 21 9.5% 13.4% 58 bps Y/Y Y/Y CC² 15.0% 12.5% 16.2% 12.2% 36 bps 18.3% 268 bps 72.0% 384 bps 71.8% Adjusted Unallocated Corporate Costs¹ (38) (62) Adjusted Operating Profit from Continuing Operations¹ 327 361 as a % of adj. net revenue 10.4% 10.7% Adjusted EBITDA from Continuing Operations 363 355 as a % of adj. net revenue 11.5% 10.5% Strong People & Places Performance Driving Year-Over-Year Growth (24) 10.2% 27 bps (2.1%) (25) 10.7% 16 1See Non-GAAP reconciliation and operating metrics at the end of presentation 2 Year over year constant currency represents growth and margin using FX rates from the year ago period applied to current results#17Balance sheet and cash flow Strong cash flow generation ☐ ■ Q3 cash flow from operations (CFFO) $321M and FCF1 of $290M, resulting in YTD 127% FCF conversion of Net Income ☐ Expect ~100% underlying FY23 cash conversion to adjusted net income ☐ Balance sheet strength affords prudent capital deployment " Repurchased $125M in shares during the quarter ☐ Expect to maintain an investment grade credit profile Q3 dividend of $0.26/share an increase of 13% y/y, to be paid August 25, 2023 Leverage Metrics ($ billions) Cash/debt Net Debt Position Net debt to adjusted FY23E EBITDA mid-point of $1,445 Fixed/Floating debt (reflects $500M notional interest rate lock) Ending Q3 weighted interest rate FY23 Q3 $1.1B/$3.2B $2.1B 1.5x ~44%/56% ~5.0% 17 1 Free cash flow (FCF) calculated as reported cash flow from operations minus CAPEX. See Non-GAAP reconciliation and operating metrics at the end of presentation#18CMS Separation Overview#19Critical Mission Solutions spin-off overview On May 9, 2023, Jacobs announced its intention to spin-off its Critical Mission Solutions business ("the Spin-off") The spin-off will create a streamlined higher-growth, higher-margin business portfolio focused on critical infrastructure and sustainability Both Jacobs ("RemainCo") and Critical Mission Solutions ("Spin Co") business are expected to benefit from: - Enhanced focus with the ability to pursue individualized strategies and operational initiatives specific to the industries in which they each operate Tailored capital allocation and structure, including equity, directed toward their respective growth opportunities and in line with industry-specific dynamics Investment profiles aligned with investor expectation and preferences for different market and business dynamics 19 Jacobs 2023#20Separation details 20 20 Perimeter Transaction Structure Critical Mission Solutions segment ■ Spin-Off of Critical Mission Solutions to Jacobs shareholders ■ Capital Structure Timing Intended to be tax-free to Jacobs shareholders for U.S. federal income tax purposes Committed to maintaining an investment grade profile for Jacobs Critical Mission Solutions capital structure, governance, and other matters to be communicated at a later date Expected to be completed in fiscal 2024, subject to customary closing conditions Jacobs 2023#21Establishing two leading companies Jacobs (excluding CMS) Premier Technology-Enabled Solutions Provider Focused on Critical Infrastructure and Sustainability ~$10.5B FY22 Revenue ~12% FY22 Adj. Op. Margin¹ PA Consulting Divergent Solutions 8% Focused on Attractive, High- Growth Sectors Water and Environment Energy Transition 11% J Critical Mission Solutions Leading Pure-Play Government Services Provider ~$4.4B FY22 Revenue International 22% Transportation ☐ Advanced Manufacturing ■ ~8% FY22 Op. Margin Aligned with National Priorities ◉ ■ ■ ■ Space National Security Nuclear Remediation 5G Technology Strong and Stable Revenue Base U.S. 78% ◉ ◉ ◉ Long-term contracts Performance track record Serve civilian, defense, intelligence and international customers 21 P&PS 81% Closely Aligned with Growth Accelerators Climate Response Data Solutions Consulting & Advisory Note: Jacobs pie chart reflects FY22 segment gross revenue excluding Critical Mission Solutions 1 FY22 Non-GAAP adjusted operating profit margin based on adj. net revenue for Jacobs excluding CMS LOB. Not to be considered indicative of performance post-separation. Calculation does not include any potential elimination of stranded costs upon separation. Please see Appendix for reconciliation to the nearest GAAP measure.#2222 Jacobs will remain diversified and focused on profitable markets Adj. Net Revenue¹ PA 9% DVS 7% Segment Adjusted Operating Profit² PA 16% CMS 24% Backlog PA DVS 1% 11% Excluding CMS Jacobs Today P&PS 49% DVS PA 14% 11% $12.4B CMS 35% 2022 DVS 4% P&PS 56% PA 21% $1.3B 2022 DVS 6% $8.1B 2022 P&PS 75% $1.0B 2022 P&PS 73% P&PS 61% DVS 15% PA 1% $27.9B 2022 CMS 27% $20.2B 2022 P&PS 84% 1 Reflects Adj. Net Revenue, defined as Revenue minus pass-through Revenue, for FY22. Adj. Net Revenue is a non-GAAP financial measure. Please see Appendix for a reconciliation to the nearest GAAP measure 2 Segment adjusted operating profit does not include unallocated corporate costs. Please see Appendix for reconciliation to the nearest GAAP measure#23Appendix#24Debt & interest overview Debt Breakdown Fixed vs Floating Debt Trend As of June 30, 2023 Tranche 6/30 Debt Q2 '23 Rate Q3 '23 Rate Revolver ($2.25B) $675M 6.3% 6.5% USD Term Loans $286M 6.3% 6.5% $31.1 $37.1 $33.0 $36.0 $21.6 $21.6 GBP Term Loans $833M 5.6% 6.2% $17.9 Total Floating $1,794M 6.0% 6.3% Sustainability-Linked Bond $500M 5.0% 5.0% Swaps $907M 2.1% 2.0% $0.9 $1.4 $1.4 $1.4 Total Fixed $1,407M 3.1% 3.1% $1.4 $1.4 $1.4 Total Debt $3,201M 4.8% 5.0% $2.6 $2.2 $2.0 $2.1 Hedge Notional (USD) Fair Value Fixed Rate 1 $1.7 $1.8 $1.8 Maturity 10 YR USD Floating $200M $32M 1.116% + Spread Apr '30 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 5 YR USD Floating $325M $22M 0.704% + Spread Feb '25 10 YR GBP Floating $254M $52M 0.82% Spread Apr '30 Fixed Debt ($B's) EUR cross-currency $128M $0.6M 0.811% + Spread Oct'23 Floating Debt ($B's) Net Interest Expense ($M's) Total $907M $107M 24 Fixed Rates and spread includes new amendments#25Selected financial data Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 $'s in millions (unaudited) People and Places Solutions Backlog Revenue 2022 2022 2022 2022 2022 2023 2023 2023 16,930 16,950 17,527 17,014 17,014 17,243 17,562 17,498 1,921 2,163 2,223 2,228 8,535 2,227 2,345 2,470 Adj. Net Revenue¹ 1,419 1,564 1,549 1,541 6,072 1,517 1,661 1,687 Operating Profit 189 193 214 229 825 227 232 243 Operating Profit as a % of Adj. Net Revenue 13.3% 12.3% 13.8% 14.9% 13.6% 14.9% 14.0% 14.4% Critical Mission Solutions Backlog 7,524 7,509 7,219 7,622 7,622 7,632 8,136 8,097 Revenue 977 1,134 1,109 1,156 4,377 1,075 1,191 1,191 Operating Profit 91 95 88 81 356 82 94 99 Operating Profit as a % of Revenue 9.3% 8.3% 8.0% 7.0% 8.1% 7.6% 7.9% 8.3% Divergent Solutions Backlog Revenue 3,291 3,063 3,019 2,957 2,957 3,077 2,956 2,965 193 239 218 242 892 214 241 239 Adj. Net Revenue 187 230 212 233 862 201 224 218 Operating Profit 23 17 12 15 68 12 25 21 Operating Profit as a % of Adj. Net Revenue 12.3% 7.4% 5.7% 6.6% 7.8% 6.0% 11.1% 9.5% PA Consulting Backlog Revenue Operating Profit Operating Profit as a % of Revenue 276 269 326 269 269 306 319 355 290 297 278 254 1,119 282 301 287 63 68 51 49 232 51 66 61 21.8% 23.0% 18.5% 19.4% 20.7% 18.1% 21.8% 21.2% 25 1 Pass-through revenues for P&PS for the prior periods presented include certain minor adjustments to properly reflect amounts that had not been previously included and conform with the fiscal 2023 amounts presented.#26Delivering sustainable solutions Expanding sustainable electric vehicle capacity in the U.S. 32222 Supporting the global energy transition Increasing mental health support in Australia First full-scale wave energy test facility in the U.S. NO 1 POVERTY Delivering work aligned with the United Nations Sustainable QUALITY EDUCATION Development Goals: 2 ZERO HUNGER 555 GENDER EQUALITY 3 6 GOOD HEALTH AND WELL-BEING W CLEAN WATER AND SANITATION 7 AFFORDABLE AND CLEAN ENERGY DECENT WORK AND ECONOMIC GROWTH INDUSTRY, INNOVATION AND INFRASTRUCTURE 10 Cirba Solutions, U.S.: Jacobs is supporting Cirba Solutions to expand manufacturing capacity for sustainable electric vehicle battery materials across North America. We are managing the facility design and supporting construction of multiple site locations. Read more here. Fortescue Future Industries (FFI), Global: Jacobs has signed an Engineering Partnering Agreement with FFI to support its global ammonia, green hydrogen and renewable energy project targets. We will support FFI on a variety of decarbonization projects from concept through Final Investment Decision (FID). Read more here. Health Infrastructure New South Wales, Sydney, Australia: Jacobs has been selected to design a new mental health facility in Western Sydney, Australia. Jacobs will deliver architectural design and health planning services for the $334 million project, which includes a new 10-storey, contemporary Integrated Mental Health Complex. Read more here. PacWave South, Oregon, U.S.: Jacobs completed the underground infrastructure engineering for PacWave South, the first pre- permitted, full-scale ocean wave energy testing facility in the U.S., allowing testing of up to 20 wave energy converters in real-world, open-sea conditions using environmentally-friendly horizontal directional drilling methods. Read more here. 13 REDUCED INEQUALITIES SUSTAINABLE CITIES 12 11 AND COMMUNITIES RESPONSIBLE CONSUMPTION AND PRODUCTION CLIMATE ACTION 14 LIFE BELOW WATER 15 UNT ON LAND 16 PEACE JUSTICE AND STRONG 17 INSTITUTIONS PARTNERSHIPS FOR THE GOALS SUSTAINABLE DEVELOPMENT GOALS#27Environmental, Social and Governance summary A sustainable business model aligning purpose and vision with both growth and positive impact: ☐ ☐ ☐ ☐ Fully integrates purpose with profit and operationalizes sustainability across all aspects of our business. Drives how we can have the largest positive impact for society as a business. Leverages Jacobs' full suite of solutions to play a key role in advancing a net-zero economy. Achieved industry leading ISS Prime Status for our ESG corporate rating and made the CDP Climate A-List and Dow Jones Sustainability World Index. Jacobs supports governmental clients in the delivery of critical missions which helps to keep their citizens safe from nuclear attack, prevent large-scale war, and defend their global allies and partners. Jacobs does this by assisting governmental organizations to safely deliver their mission-critical infrastructure and tailored solutions in complex environments around the world. Jacobs does not manufacture nuclear warheads or nuclear weapons components. ☐ Climate Action Plan 2022 FY22 ESG Disclosures PlanBeyond 2.0 ☐ Climate Risk Assessment FY22 ☐ Approved Science-Based Targets ■ 2022 CDP Submission FY22 ESG Verification Statement ■ Jacobs Carbon Neutrality Commitment ■ Sustainability on Jacobs.com Human Rights Policy Modern Slavery Act Statement 2023 Corporate ESG Performance RATED BY ISS ESG‣ Prime Member of Dow Jones Sustainability Indices Powered by the S&P Global CSA CDP DISCLOSURE INSIGHT ACTION A LIST 2022 CLIMATE#28Our foundation is strong Jacobs Challenging today. Reinventing tomorrow. 28 Purpose To create a more connected, sustainable world. Values We do things right. We challenge the accepted. Employee Value Statement We aim higher. We live inclusion. Jacobs. A world where you can. Where you can be you. Where you can do. Where you can grow.#29Use of Non-GAAP financial measures and operating metrics In this presentation, the Company has included certain non-GAAP financial measures as defined in Regulation G promulgated under the Securities Exchange Act of 1934, as amended. These non-GAAP measures are described below. Adjusted Net revenue is calculated excluding pass through revenue of the Company's People & Places Solutions and Divergent Solutions segments from the Company's revenue from continuing operations. Pass through revenues are amounts we bill to clients on projects where we are procuring subcontract labor or third-party materials and equipment on behalf of the client. These amounts are considered pass-throughs because we receive no or only a minimal mark- up associated with the billed amounts. Adjusted operating profit, adjusted earnings from continuing operations before taxes, adjusted income taxes from continuing operations, adjusted net earnings from continuing operations and adjusted EPS from continuing operations are calculated by: 1. Excluding items collectively referred to as Restructuring, Transaction and Other Charges, which include: a. costs and other charges associated with our Focus 2023 transformation initiatives, including activities associated with the re-scaling and repurposing of physical office space, employee separations, contractual termination fees and related expenses, referred to as "Focus 2023 Transformation, mainly real estate rescaling efforts"; b. C. transaction costs and other charges incurred in connection with the acquisitions of Buffalo Group, BlackLynx and StreetLight and the strategic investment in PA Consulting, including advisor fees, change in control payments, and the impact of the quarterly adjustment to the estimated performance based payout of contingent consideration to the sellers in connection with certain acquisitions; and similar transaction costs and expenses (collectively referred to as "Transaction Costs"); recoveries, costs and other charges associated with restructuring activities implemented in connection with our announced plan to separate the CMS business, including advisor fees and related costs, the acquisitions of CH2M, John Wood Group nuclear business, Buffalo Group, BlackLynx, and StreetLight, the strategic investment in PA Consulting, the sale of the ECR business and other related cost reduction initiatives, which included involuntary terminations, costs associated with co-locating offices of acquired companies, separating physical locations of continuing operations, professional services and personnel costs, amounts relating to certain commitments and contingencies relating to discontinued operations of the CH2M business, including the final settlement charges relating to the Legacy CH2M Matter, net of previously recorded reserves and charges associated with the impairment and final closing activities of our AWE ML joint venture (collectively referred to as "Restructuring, integration, separation and other charges"). Excluding items collectively referred to as Other adjustments, which include: 2. a. adding back amortization of intangible assets; b. C. impact of certain subsidiary level contingent equity-based agreements in connection with the transaction structure of our PA Consulting investment; certain non-routine income tax adjustments for the purposes of calculating the Company's annual non-GAAP effective tax rate to facilitate a more meaningful evaluation of the Company's current operating performance and comparisons to the Company's operating performance in other periods. 29 29 כי#30Use of Non-GAAP financial measures and operating metrics (cont.) Adjustments to derive adjusted net earnings from continuing operations and adjusted EPS from continuing operations are calculated on an after-tax basis. Adjusted EBITDA is calculated by adding income tax expense, depreciation expense and adjusted interest expense, and deducting interest income from adjusted net earnings from continuing operations. Certain percentage changes are quantified on a constant currency basis, which provides information assuming that foreign currency exchange rates have not changed between the prior and current periods. For purposes of constant currency calculations, we use the prior period average exchange rates as applied to the current period adjusted amounts. We believe that the measures listed above are useful to management, investors and other users of our financial information in evaluating the Company's operating results and understanding the Company's operating trends by excluding or adding back the effects of the items described above and below, the inclusion or exclusion of which can obscure underlying trends. Additionally, management uses such measures in its own evaluation of the Company's performance, particularly when comparing performance to past periods, and believes these measures are useful for investors because they facilitate a comparison of our financial results from period to period. This presentation also contains certain operating metrics which management believes are useful in evaluating the Company's performance. Backlog represents revenue or gross margin, as applicable, we expect to realize for work to be completed by our consolidated subsidiaries and our proportionate share of work to be performed by unconsolidated joint ventures. For more information on how we determine our backlog, see our Backlog Information in our most recent quarterly or annual report filed with the Securities and Exchange Commission. We regularly monitor these operating metrics to evaluate our business, identify trends affecting our business, and make strategic decisions. The Company provides non-GAAP measures to supplement U.S. GAAP measures, as they provide additional insight into the Company's financial results. However, non-GAAP measures have limitations as analytical tools and should not be considered in isolation and are not in accordance with, or a substitute for, U.S. GAAP measures. In addition, other companies may define non-GAAP measures differently, which limits the ability of investors to compare non-GAAP measures of the Company to those used by our peer companies. The following tables reconcile the components and values of U.S. GAAP earnings from continuing operations before taxes, income taxes from continuing operations, net earnings attributable to Jacobs from continuing operations and Diluted Net Earnings from Continuing Operations Per Share (which we refer to as EPS from continuing operations) to the corresponding "adjusted" amount and revenue to adjusted net revenue. For the comparable periods presented below, such adjustments consist of amounts incurred in connection with the items described above. Amounts are shown in thousands, except for per-share data (note: earnings per share amounts may not add across due to rounding). 30 כי#31Reconciliation of GAAP to Adjusted Results 31 Reconciliation of Operating Profit to Adjusted Operating Profit Three Months Ended June 30, 2023 Operating Profit 269,741 July 1, 2022 265,762 Nine Months Ended June 30, 2023 July 1, 2022 797,408 609,310 Restructuring, Transaction and Other Charges (1) Focus 2023 Transformation, mainly real estate rescaling efforts 1,400 2,237 40,228 84,048 Transaction costs 4,062 5,443 15,613 18,204 Restructuring, integration and separation charges 29,783 2,470 38,900 108,734 Other Adjustments (2) Amortization of intangibles 51,985 51,551 152,232 146,889 Other Adjusted Operating Profit $ 4,016 360,987 $ 327,463 $ 5,142 1,049,523 $ 967,185 (1) Includes estimated operating profit impacts from restructuring charges relating to the Company's investment in PA Consulting and relating to the separation activities around the CMS spin-off for the three- and nine-months ended June 30, 2023, along with real estate impairments associated with the Company's Focus 2023 transformation program for the three- and nine-months ended June 30, 2023 and July 1, 2022 and for the nine months ended July 1, 2022 related to the final pre-tax settlement of the Legacy CH2M Matter, net of previously recorded reserves, as well as operating profit impacts from charges associated with various transaction costs incurred with our acquisition and restructuring related activity associated with Company restructuring and integration programs. (2) Includes estimated operating profit impacts from amortization of intangible assets for the three- and nine-months ended June 30, 2023 and July 1, 2022 and estimated operating profit impacts on certain subsidiary level contingent equity-based agreements in connection with the transaction structure of our PA Consulting investment for the three- and nine-months ended June 30, 2023. כי#32Reconciliation of GAAP to Adjusted Results Reconciliation of Earnings from Continuing Operations Before Taxes to Adjusted Earnings from Continuing Operations Before Taxes (in thousands) 32 32 Three Months Ended Nine Months Ended June 30, 2023 July 1, 2022 June 30, 2023 July 1, 2022 Earnings from Continuing Operations Before Taxes 226,685 $ 272,115 676,478 $ 596,485 Restructuring, Transaction and Other Charges (1): Focus 2023 Transformation, mainly real estate rescaling efforts 1,129 2,202 39,296 76,934 Transaction costs 4,062 5,442 15,613 18,204 Restructuring, integration, separation and other charges 29,783 2,375 38,900 105,166 Other Adjustments (2): Amortization of intangibles Other Adjusted Earnings from Continuing Operations Before Taxes $ 51,985 4,016 317,660 $ 51,551 333,685 $ 152,232 5,142 927,661 $ 146,889 5 943,683 (1) Includes pre-tax non-cash charges relating to the Company's investment in PA Consulting and relating to the separation activities around the CMS spin-off for the three- and nine-months ended June 30, 2023, along with real estate impairments charges associated with the Company's Focus 2023 transformation program of $0.9 million and $-million for the three-months ended June 30, 2023 and July 1, 2022, respectively, and $38.1 million and $74.6 million for the nine-months ended June 30, 2023 and July 1, 2022, respectively. The nine months ended July 1, 2022 includes $91.3 million related to the final pre-tax settlement of the Legacy CH2M Matter, net of previously recorded reserves. Also includes charges associated with various transaction costs incurred with our acquisition and restructuring related activity associated with Company restructuring and integration programs. (2) Includes pre-tax charges for the removal of amortization of intangible assets for the three- and nine-months ended June 30, 2023 and July 1, 2022, respectively, and the impact of certain subsidiary level contingent equity-based agreements in connection with the transaction structure of our PA Consulting investment of $4.0 million and $5.1 million for the three- and nine-months ended June 30, 2023. כי#33Reconciliation of GAAP to Adjusted Results Reconciliation of Income Tax Expense from Continuing Operations to Adjusted Income Tax Expense from Continuing Operations 33 Three Months Ended Nine Months Ended June 30, 2023 July 1, 2022 June 30, 2023 July 1, 2022 Income Tax Expense from Continuing Operations $ (54,166) $ (59,491) (123,329) $ (121,545) Tax Effects of Restructuring, Transaction and Other Charges (1) Focus 2023 Transformation, mainly real estate rescaling efforts (286) (549) (9,870) (16,089) Transaction costs (173) (1,338) (2,910) (4,476) Restructuring, integration and separation charges (5,599) (553) (7,795) (18,976) Tax Effects of Other Adjustments (2) Amortization of intangibles (12,393) (11,656) (36,304) (32,891) Other income tax adjustments 6,669 1,177 (13,594) (10,801) Other (761) (1,009) (1) Adjusted Income Tax Expense from Continuing Operations $ (66,709) $ (72,410) $ (194,811) $ (204,779) (1) Includes estimated income tax impacts on restructuring activities around the Company's investment in PA Consulting and relating to the separation activities around the CMS spin-off for the three- and nine-months ended June 30, 2023, along with real estate impairments associated with the Company's Focus 2023 transformation program for the three- and nine-months ended June 30, 2023 and July 1, 2022 and related to the final pre-tax settlement of the Legacy CH2M Matter, net of previously recorded reserves for the nine months ended July 1. 2022, as well as tax impacts on charges associated with various transaction costs incurred with our acquisition and restructuring related activity associated with Company restructuring and integration programs. (2) Includes estimated income tax impacts on amortization of intangible assets for the three- and nine-months ended June 30, 2023 and July 1, 2022, certain income tax adjustments for the purposes of presenting the Company's expected annual non-GAAP effective tax rate to facilitate a more meaningful evaluation of the Company's current operating performance and comparisons to the Company's operating performance in other periods and estimated tax impacts on certain subsidiary level contingent equity-based agreements in connection with the transaction structure of our PA Consulting investment for the three- and nine-months ended June 30, 2023. כי#34Reconciliation of GAAP to Adjusted Results Reconciliation of Net Earnings Attributable to Jacobs from Continuing Operations to Adjusted Net Earnings Attributable to Jacobs from Continuing Operations (in thousands) 34 4 Net Earnings Attributable to Jacobs from Continuing Operations Three Months Ended June 30, 2023 July 1, 2022 June 30, 2023 Nine Months Ended July 1, 2022 163,945 $ 196,326 $ 516,886 $ 419,408 After-tax effects of Restructuring, Transaction and Other Charges (1): Focus 2023 Transformation, mainly real estate rescaling efforts 843 1,655 29,426 60,844 Transaction costs 3,155 4,105 10,947 13,728 Restructuring, integration and separation charges 19,571 1,657 26,492 85,767 After-tax effects of Other Adjustments (2): Amortization of intangibles 34,623 34,452 101,055 96,965 Other income tax adjustments 6,955 1,627 (13,242) (10,612) Other 2,231 2,772 4 Adjusted Net Earnings Attributable to Jacobs from Continuing Operations $ 231,323 $ 239,822 $ 674,336 $ 666,104 (1) Includes estimated after-tax and related noncontrolling interest impacts from restructuring activities around the Company's investment in PA Consulting and relating to the separation activities around the CMS spin-off for the three- and nine-months ended June 30, 2023, along with non-cash real estate impairment charges associated the Company's Focus 2023 program for the three- and nine-months ended June 30, 2023 and July 1, 2022, and for the nine-months ended July 1, 2022, the final pre-tax settlement of the Legacy CH2M Matter, net of previously recorded reserves. Also includes charges associated with various transaction costs incurred with our acquisition and restructuring related activity associated with Company restructuring and integration programs. (2) Includes estimated after-tax and noncontrolling interest impacts from amortization of intangible assets for the three- and nine-months ended June 30, 2023 and July 1, 2022, certain income tax adjustments for the purposes of presenting the Company's expected annual non- GAAP effective tax rate to facilitate a more meaningful evaluation of the Company's current operating performance and comparisons to the Company's operating performance in other periods and estimated tax impacts on certain subsidiary level contingent equity-based agreements in connection with the transaction structure of our PA Consulting investment for the three- and nine-months ended June 30, 2023. כי#35Reconciliation of GAAP to Adjusted Results Reconciliation of Noncontrolling Interests from Continuing Operations to Adjusted Noncontrolling Interests from Continuing Operations (in thousands) 35 Three Months Ended June 30, 2023 July 1, 2022 Noncontrolling Interests from Continuing Operations (8,574) $ (16,298) Restructuring, Transaction and Other Charges (1) Transaction costs (734) Restructuring, integration and separation charges (4,613) (162) Other Adjustments (2) Amortization of intangibles Other income tax adjustments Other (4,969) 286 (1,024) (5,442) 449 Adjusted Noncontrolling Interests from Continuing Operations $ (19,628) $ (21,453) 1) Includes noncontrolling interests amounts associated with the costs incurred with Company acquisition related activity costs. 2) Includes noncontrolling interests amounts relating to amortization of intangible assets for the three-months ended June 30, 2023 and July 1, 2022, certain income tax adjustments for the purposes of presenting the Company's expected annual non-GAAP effective tax rate to facilitate a more meaningful evaluation of the Company's current operating performance and comparisons to the Company's operating performance in other periods and estimated tax impacts on certain subsidiary level contingent equity-based agreements in connection with the transaction structure of our PA Consulting investment for the three-months ended June 30, 2023. כי#36Reconciliation of GAAP to Adjusted Results Reconciliation of Diluted Net Earnings from Continuing Operations Per Share to Adjusted Diluted Net Earnings from Continuing Operations Per Share (in thousands) Three Months Ended June 30, 2023 Nine Months Ended July 1, 2022 June 30, 2023 July 1, 2022 Diluted Net Earnings from Continuing Operations Per Share $ 1.29 $ 1.52 4.06 $ 3.23 After-tax effects of Restructuring, Transaction and Other Charges (1): Focus 2023 Transformation, mainly real estate rescaling efforts 0.01 0.01 0.23 0.48 Transaction costs 0.02 0.03 0.09 0.11 Restructuring, integration and separation charges 0.15 0.02 0.21 0.65 After-tax effects of Other Adjustments (2): Amortization of intangibles 0.27 0.27 0.79 0.75 Other income tax adjustments 0.05 0.01 (0.10) (0.08) Other 0.02 0.02 Adjusted Diluted Net Earnings from Continuing Operations Per Share $ 1.82 $ 1.86 $ 5.30 $ 5.13 36 36 (1) Includes estimated per-share impacts from the restructuring activities around the Company's investment in PA Consulting and relating to the separation activities around the CMS spin-off for the three- and nine-months ended June 30, 2023, along with real estate impairments associated with the Company's Focus 2023 transformation program for the three- and nine-months ended June 30, 2023 and July 1, 2022, and for the nine-months ended July 1, 2022, the final pre-tax settlement of the Legacy CH2M Matter, net of previously recorded reserves. Also includes related impacts associated with various transaction costs incurred with our acquisition and restructuring related activity costs associated with Company restructuring and integration programs. (2) Includes estimated per-share impacts from amortization of intangible assets for the three- and nine-months ended June 30, 2023 and July 1, 2022, certain income tax adjustments for the purposes of presenting the Company's expected annual non-GAAP effective tax rate to facilitate a more meaningful evaluation of the Company's current operating performance and comparisons to the Company's operating performance in other periods and certain subsidiary level contingent equity-based agreements in connection with the transaction structure of our PA Consulting investment for the three- and nine-months ended June 30, 2023. כי#37Reconciliation of net earnings from continuing operations attributable to Jacobs to adjusted EBITDA and free cash flow Reconciliation of Adjusted EBITDA (in thousands) 37 Adj Net earnings from Continuing Operations Adj. Income Tax Expense for Continuing Operations Adj. Net earnings from Continuing Operations attributable to Jacobs before income taxes Depreciation expense Interest income Interest expense Adjusted EBITDA Reconciliation of Free Cash Flow (in thousands) Three Months Ended June 30, 2023 July 1, 2022 $ 231,323 $ (66,709) 239,822 (72,410) 298,032 312,232 21,184 25,301 (7,830) (1,042) 43,787 26,129 355,173 $ 362,620 Three Months Ended June 30, 2023 July 1, 2022 Net cash provided by operating activities $ Additions to property and equipment Free cash flow 321,061 $ (30,851) 290,210 $ (249,087) (31,830) (280,917) כי#38Reconciliation of Other Corporate Expenses to Adjusted Unallocated Corporate Costs 38 Reconciliation of Other Corporate Expenses to Adjusted Unallocated Corporate Costs (in millions) Other Corporate Expenses Amortization of intangibles Other Adjusted Unallocated Corporate Costs Three Months Ended June 30, 2023 (118) $ 52 July 1, 2022 (90) 52 4 (62) $ (38) כי#39Reconciliation of Jacobs Constant Currency Adj. Net Revenue $'s in millions Adjusted Net Revenue Impact of Constant Currency Consolidated Line of Business People & Places Critical Mission Divergent PA Consulting Solutions Solutions Solutions Q3'23 Actual Revenue $3,382 $1,687 $1,191 $287 $218 Currency Impact 13 10 3 (1) 0 Adj. Net Revenue in CC $3,395 $1,697 $1,194 $286 $218 Q3'22 Revenue $3,147 $1,549 $1,109 $278 $212 Growth 7.9% 9.6% 7.7% 2.9% 2.8% 39 כי#40Adj. Unalloc. Corp. Costs impact of Constant Currency Reconciliation of Jacobs Constant Currency Adjusted Operating Profit Adj. OP impact of Constant Currency Consolidated Line of Business People & Places Solutions Critical PA Mission Consult Solutions ing Divergent Solutions Corporate Functions Q3'23 Adj. Operating Profit $361 $243 $99 $61 $21 ($62) Currency Impact 2 3 0 (1) (0) (1) Adjusted Operating Profit in CC $363 $246 $99 $60 $21 ($63) Q3'22 Adjusted Operating Profit $327 $214 $88 $51 $12 ($38) Growth 10.7% 15.0% 12.5% 16.2% 71.8% 65.5% $'s in millions 40 40 כי#41Reconciliation to adjusted EBITDA, adjusted EBITDA margin and adj. net revenue Net Earnings attributable to Jacobs from Continuing Operations Restructuring, Transaction, and Other Charges Effects of Transaction Costs Other Adjustments Adj. Net Earings attributable to Jacobs from Continuing Operations Adj. Income Tax Expense for Continuing Operations Adj. Net Earings from Continuing Operations attributable to J before income taxes Interest income Adj. Interest expense Depreciation expense Amortization of Intangibles Adjusted EBITDA Incremental CH2M EBITDA Contribution Adjusted EBITDA further Adjusted for CH2M GAAP Revenue from Continuing Ops Pass Through Revenue Adj. Net Revenue Incremental CH2M Revenue Contribution Adj. Net Revenue further Adjusted for CH2M Adjusted EBITDA Margin 41 Twelve Months Ended 10/2/2015 303 $ 9/30/2016 210 $ 9/29/2017 9/28/2018 9/27/2019 10/2/2020 294 $ (4) $ 291 $ 354 $ 108 163 78 174 260 248 9/30/2022 6/30/2023 644 $ 10/1/2021 467 $ 304 118 742 25 60 46 20 311 107 125 54 135 139 $ 411 374 $ 392 $ 540 $ 704 $ 727 826 $ 897 $ 905 151 138 155 162 162 177 252 268 258 $ 561 $ 512 $ 547 $ 701 $ 866 $ 905 $ 1,077 $ 1,165 $ 1,164 (7) (8) (9) (9) (9) (4) (4) (20) 20 15 12 24 38 62 69 100 157 100 82 76 118 88 91 101 102 101 49 48 46 +A +A 723 $ 649 $ 673 $ 834 $ 983 $ 1,052 $ 1,244 $ 1,364 $ 1,402 723 649 $ 673 19 853 $ 983 $ 1,052 $ 1,244 $ 1,364 $ 1,402 12,115 10,964 (2,603) (2,490) +9 9,512 8,474 $ 10,023 (2,539) 7,483 $ 10,580 (2,254) 12,738 (2,543) 13,567 (2,610) 14,093 14,923 15,945 (2,382) (2,492) (2,926) +A 9,512 $ 8,474 $ 7,483 8,325 $ 753 9,078 $ 10,195 $ 10,957 $ 11,711 12,431 $ 13,018 10,195 $ 10,957 $ 11,711 $ 12,431 $ 13,018 7.6% 7.7% 9.0% 9.4% 9.6% 9.6% 10.6% 11.0% 10.8% Jacobs 2023#42Selected financial data FY Q1 Q2 Q3 Q4 FY Q1 Q2 $'s in millions Q3 Q4 FY Q1 Q2 Q3 LTM 2020 2021 20211 2021 2021 2021 2022 2022 2022 2022 2022 2023 2023 2023 2Q23 Critical Mission Solutions Backlog 9,104 9,683 Revenue Operating Profit as a % of revenue 4,966 1,295 372 110 7.5% 8.5% 9,779 9,565 1,310 1,218 114 108 8.7% 8.9% 10,589 1,264 115 9.1% 10,589 7,524 7,509 7,219 7,622 7,622 7,632 8,136 8,097 8,097 5,087 447 8.8% 977 1,134 1,109 1,156 91 9.3% 95 8.3% 88 8.0% 81 7.0% 4,377 356 8.1% 1,075 1,191 1,191 4,613 82 7.6% 94 7.9% 99 357 8.3% 7.7% People & Places Solutions Backlog Revenue Pass-Through Adj. Net Revenue² Operating Profit as a % of Adj. Net Revenue 14,714 15,422 15,512 15,557 15,738 8,601 2,087 2,140 2,103 2,049 (2,610) (667) (598) (637) (572) 5,991 1,420 1,542 1,466 1,478 741 196 202 205 177 12.4% 13.8% 13.1% 14.0% 12.0% 15,738 16,930 16,950 17,527 17,014 17,014 17,243 8,378 1,921 2,163 2,223 2,228 8,535 2,227 (2,473) (502) (599) (674) (687) (2,462) (710) 5,905 1,419 1,564 1,549 1,541 6,072 1,517 780 189 193 214 229 825 227 13.2% 13.3% 12.3% 13.8% 14.9% 13.6% 14.9% 17,562 17,498 17,498 2,345 2,470 9,270 (684) (783) (2,865) 1,661 1,687 6,405 232 243 931 14.0% 14.4% 14.5% Divergent Solutions Backlog Revenue Pass-Through Adj. Net Revenue² Operating Profit as a % of Adj. Net Revenue 3,291 3,063 3,019 2,957 2,957 3,077 2,956 2,965 2,965 193 239 218 242 892 214 241 239 937 (6) (9) (6) (9) (30) (14) (17) (21) (62) 187 230 212 233 862 201 224 218 875 23 17 12 15 68 12 25 21 73 12.3% 7.4% 5.7% 6.6% 7.8% 6.0% 11.1% 9.5% 8.3% PA Consulting Backlog Revenue Operating Profit as a % of revenue 280 314 304 304 276 269 326 269 269 306 319 355 355 98 256 273 627 290 297 278 254 1,119 282 301 287 1,124 28 57 66 151 63 68 51 49 28.4% 22.2% 24.3% 24.1% 21.8% 23.0% 18.5% 19.4% 232 20.7% 18.1% 51 66 61 227 21.8% 21.2% 20.2% 42 PA Consulting results are reflected from the March 2, 2021 acquisition date through the April 2, 2021 quarter end date 2 Adj. Net Revenue is calculated as GAAP Revenue less Pass-Through Jacobs 2023#43Reconciliation to adjusted operating profit and margin 43 J Consolidated $ in MMs Operating Profit Effects of Restructuring, Transaction and Other Charges 2014 2022 CMS 2022 J (excl. CMS) 2022 528 918 356 142 198 Other Adjustments 199 Adjusted Operating Profit 670 1,314 356 959 Revenue 12,695 14,923 4,377 10,546 Pass Through Revenue (2,955) (2,492) (2,492) Adjusted Net Revenue 9,740 12,431 4,377 8,054 Adjusted Operating Profit Margin 6.9% 10.6% 8.1% 11.9% Jacobs 2023