#1K12MB BARBERE STRABAG SE INVESTOR PRESENTATION NOVEMBER 2021 calus Γ STRABAG SOCIETAS EUROPAEA#2DISCLAIMER This presentation is made by STRABAG SE (the "Company") solely for use at investor meetings and is furnished to you solely for your information. This presentation speaks as of November 2021. The facts and information contained herein might be subject to revision in the future. Neither the delivery of this presentation nor any further discussions of the Company with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since such date. None of the Company or any of its parents or subsidiaries or any of such person's directors, officers, employees or advisors nor any other person (i) accepts any obligation to update any information contained herein or to adjust it to future events or developments or (ii) makes any representation or warranty, express or implied, as to, and no reliance should be placed on, the accuracy or completeness of the information contained in this presentation. None of the Company or any of its parents or subsidiaries or any of their directors, officers, employees and advisors nor any other person shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising, directly or indirectly, from any use of this presentation. The same applies to information contained in other material made available at the meeting. This document is selective in nature and is intended to provide an introduction to, and overview of, the business of the Company. Where any information and statistics are quoted from any external source, such information or statistics should not be interpreted as having been adopted or endorsed by the Company as being accurate. This presentation contains forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which the Company operates. These statements generally are identified by words such as "believes", "expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", and similar expressions. The forward-looking statements, including but not limited to assumptions, opinions and views of the Company or information from third party sources, contained in this presentation are based on current plans, estimates, assumptions and projections and involve uncertainties and risks. Various factors could cause actual future results, performance or events to differ materially from those described in these statements. The Company does not represent or guarantee that the assumptions underlying such forward-looking statements are free from errors nor do they accept any responsibility for the future accuracy of the opinions expressed in this presentation. No obligation is assumed to update any forward-looking statements. By accepting this presentation you acknowledge that you will be solely responsible for your own assessment of the market and of the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the Company's business. 2 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#3Pending#4Pending#5STRABAG AT A GLANCE FACTS & FIGURES • Output volume: € 15.4 billion • Net income: € 399 million ⚫ 74,340 employees • >700 locations in more than 80 countries ⚫ Highly innovative: Central Technical Division with over 1,000 engineers, TPA (Quality & Innovation) with about 1,000 people and SID (Innovation & Digitalisation) with over 200 people • Equity ratio: >30% • Investment grade rating by S&P: BBB, outlook stable • Strong brands: STRABAG & ZÜBLIN OUTPUT VOLUME BY REGION (2020) Rest of world 5% Rest of Europe 8% CEE 24% Austria 16% 5 Investor Presentation November 2021 Germany 47% STRONG MARKETS Colombia Chile #1 #2 #2 #1 #2 #1 Oman Abu Dhabi Qatar STRABAG SOCIETAS EUROPAEA#6OUR STRATEGY "STRABAG is a European-based technology group for construction services, a leader in innovation, resourcefulness and financial strength. Our services span all areas of the construction industry and cover the entire construction value chain. With a special focus on sustainability, innovation and risk management, we create added value for our clients by integrating the most diverse services: We bring together people, materials and machinery at the right place and at the right time in order to realise even complex construction projects - on schedule, of the highest quality and at the best price. The hard work and dedication of our more than 75,000 employees allow us to generate an annual output volume of around € 16 billion. At the same time, a dense network of numerous subsidiaries in many European countries and on other continents is helping to expand our area of operation far beyond the borders of Austria and Germany." STRABAG 2 TEAMS WORK. Sustainable Profit Growth 1 with a Reliable Dividend Resourcefulness, Recyclability, Construction Life Cycle Technology, Innovation and Digitalisation Flexible Business Model 4 Supported by Strong 3 5 Risk Management Financial Strength as a Competitive Advantage 6 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#7RESOURCEFULNESS AT STRABAG STRABAG is continuously rethinking its design and production processes, products, techniques and peoples' behaviour to incorporate "principles of the circular economy". Impact of infrastructure projects on the environ- ment STRABAG makes consistent efforts: • To limit its environmental footprint To demonstrate solutions for safeguarding ecosystems Addressing the scarcity of natural resources At design phase selection of sustainable and recyclable materials as well as resource-saving production methods At construction phase reducing the amount of resources used, limiting its footprint Recycling of materials and waste Still on site recovering and re-using materials, water and energy products 7 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#8STRATEGIC GOALS (SELECTION) Issue Key figure/Criteria 2019 2020 Capital market appeal Equity ratio 31.5 % 33.9 % S&P rating BBB BBB Dividend 25% of net income after minorities 3.8 % Targets ≥25 % 49% of net income after minorities 4.3 % Maintain investment grade rating 30-50% of net income after minorities 2022: EBIT margin 4.0 % EBIT margin Client satisfaction¹ Client satisfaction (index) 1.87 1.87 Digitalisation and innovation1 Collection and analysis of machine data 34 % 37 % Maintain at least the previous year's level Increase the previous year's level Outfitting of key equipment with machine control systems 12% 15% BIM 5DⓇ workstations 1,560 (+15%) 1,908 (+23 %) 2021: double-digit percentage growth Fair competition¹ Training "Anti-Corruption and BCMS" 90 % 1 Material issue as defined by the GRI standards 8 Investor Presentation November 2021 81% 100 % STRABAG SOCIETAS EUROPAEA#9STRATEGIC GOALS (SELECTION) (CONT.) Issue Materials¹ Energy1 Equal treatment of women and men Key figure/Criteria ― Recycled input materials used Percentage of recycled asphalt used in the production of asphalt mixture Energy consumption and CO2 intensity Vehicle fleet in Germany and Austria Diversity in governing bodies and among employees - Number of women as a percentage of employees and the management² 2019 34% (DE) 41 % (PL) 13% (AT) Passenger cars: 6.0 1/100 km and 161 g CO2/km Commercial vehicles: 9.2 l/100 km and 246 g CO2/km Employees: 16.9% Management: 9.3 % Supervisory Board: 18% 2020 33 % (DE) 40 % (PL) 14% (AT) Diesel powered passenger cars: 6.0 1/100 km and 160 g CO2/km Diesel powered commercial vehicles: 9.2 l/100 km and 249 g CO2/km Employees: 17.1 % Management: 9.3 % Supervisory Board: 27 % Targets Increase the previous year's level Increase energy efficiency by at least 1% over the previous year 2021: >17.1 % 2021: >9.3% Medium term: at least 3 women on the Supervisory Board (≥27 %) Vision Zero - Zero Accidents Occupational safety1 Lost-time accident rate³ 0.24 % 0.27% Accident incident rate4 15.9 15.9 Health protection¹ Lost-time illness rate5 4.9% 5.6 % Strategic human resource development¹ Number of appraisal interviews held and recorded in the reporting period versus number of employees² 60% 51% Until 2022: 80 % 1 Material issue as defined by the GRI standards 2 Employee numbers expressed as head count 3 Calculated as the number of working hours lost to accidents versus productive working hours 4 Calculated as the number of accidents at work per 1 million productive working hours 5 Ratio of sick leave days to working days 9 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#10LARGEST PROJECTS IN PROGRESS NO SPECIFIC EXPOSURE TO ANY LARGE PROJECT COUNTRY PROJECT ORDER BACKLOG IN ЄM AS % OF TOTAL ORDER BACKLOG STRABAG Great Britain HS2 high-speed rail line 1,238 6.7 Great Britain North Yorkshire Polyhalite Project 810 4.4 Germany PPP A49 motorway 357 2.0 Alto Maipo power plant Germany New rail line/airport tunnel 303 1.7 Stuttgart 21, underground railway Germany station 292 1.6 Friedenheimer Bricke Schallschutzwand Landsberger Straße Baustraßenunterführung Germany EDGE East Side 247 1.3 Germany Widening of K20 Hochstraße 221 1.2 Germany FAIR particle accelerator 207 1.1 Germany Second core rapid transit route, Munich 183 1.0 Chile El Teniente - main access tunnel 181 1.0 Second core rapid transit route Munich Image credits: Deutsche Bahn AG / Fritz Stoiber Productions GmbH As of 31 December 2020 10 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#11FLAGSHIP PROJECTS - CORE MARKETS Picture: ion42/FAIR FAIR - GERMANY Building of a Facility for Antiproton and lon Research Size: € 220 million Project schedule: 2020-2023 Project scope: Underground circular accelerator with a circumference of 1.1 km BRENNER BASE TUNNEL - AUSTRIA Building of a twin-tube rail tunnel between Tulfes-Pfons Size: € 380 million (=51% share) Project schedule: 2014-2019 Project scope: 38 km twin-tube rail tunnel, exploratory and rescue tunnel Picture: Thomas Böhm, Tiroler Tageszeitung 11 Investor Presentation November 2021 Picture: ZOOM VP Picture: Axel Springer, Berlin TRIIIPLE RESIDENTIAL TOWERS - AUSTRIA Building three 100-metre-high residential towers Size: € 110 million Project schedule: 2018-2021 Project scope: Towers 1 and 2 will house 480 owner-occupied flats, Tower 3 will house 670 micro-apartments AXEL SPRINGER OFFICE BUILDING GERMANY - Construction of a new 52,000 m² office building for 3,500 employees Project Schedule: 2016-2020 Project Scope: 13-floor structure boasts 45m-high Atrium and interconnected terraces, glass walls and bridges STRABAG SOCIETAS EUROPAEA#12FLAGSHIP PROJECTS - INTERNATIONAL 12 Investor Presentation November 2021 ROHTANG PASS HIGHWAY TUNNEL - INDIA Size: € 197 million (=60% share) Project schedule: 2008-2020 Project scope: Construction of an 8.9 km long two-lane road tunnel with integrated emergency tunnel beneath the roadway via the NATM tunnelling method MAR1 CONCESSION - = COLOMBIA Size: € 893 million (37.5% share) Project schedule: 2016-2022 Project scope: 176 km national road (38 km 4-lane national road, 71 km rehabilitation of 2- lane road and operation and maintenance of 72 km road), incl. 67 bridges with total length of 7.3 km and 4.6 km tunnel 04/12/2016 09:24 JV 5TH LINE WATER SUPPLY JERUSALEM - Size: € 165 million Project schedule: 2016-2020 Project scope: 12.9 km TBM tunnel, exit shaft (22 m deep), Soreq adit (1.4 km > NATM), complete tunnel with steel tube + connecting routes, ca. 13.3 km steel hydraulics construction, commissioning MINING CONTRACTS EL TENIENTE - CHILE Size: € 500 million Project schedule: 2019-2022 Project scope: Construction of tunnels with a total length of 32.5 km STRABAG SOCIETAS EUROPAEA#13BUSINESS SEGMENT CONTRIBUTION 2020 Regions/Areas Output volume (Єm) Order backlog (Єm) EBIT (Єm) EBIT margin (%) Employees North + West 51% of output volume 30% of output volume South East International + Special Divisions 18% of output volume Germany, Poland, Benelux, Scandinavia, Ground Engineering Austria, Switzerland, Hungary, Czech Republic, Slovakia, Adriatic, Rest of Europe, Environmental Engineering, Russia International, Tunnelling, Services, Real Estate Development, Infrastructure Development, Construction Materials 7,863 4,633 2,812 9,158 4,441 4,763 406 176 54 5.4 3.8 2.0 25,801 20,512 21,339 4th, non-operating segment "Others", output volume 1%, not shown 13 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#14Pending#15COMPREHENSIVE COUNTRY NETWORK region-wide presence project business Only countries with a minimum annual output volume and a minimum order backlog of € 1 million are considered. 15 Investor Presentation November 2021 INTEGRATED MODEL TAKES ADVANTAGE OF • local management skills • market knowledge cost and efficiency synergies ⚫ risk diversification • data, digital and IT infrastructure COMPREHENSIVE COUNTRY NETWORK ENABLES STRABAG ΤΟ make more use of technology, data and machinery ⚫ follow clients around the world focus on resourcefulness and recyclability STRABAG SOCIETAS EUROPAEA#16Pending#17Pending#18(1) URBANISATION/POPULATION GROWTH - EXAMPLE I MOTORWAY DENSITY IN DIFFERENT MARKETS 45 km motorway / 1,000 km² 1999 2009 2019 0 Germany Croatia Austria Hungary Czech Republic Slovakia Bulgaria Poland Romania Source: Eurostat, Regionalstatistik des Verkehrs (https://ec.Europa. Eu/Eurostat/data/database) 18 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#19(1) URBANISATION/POPULATION GROWTH - EXAMPLE II PROJECTION OF LARGEST RESIDENTIAL CONSTRUCTION NEED 400,000 Number of flats Average Annual Construction Demand Cumulative Construction Need 2021-2030 0 London Warsaw Paris Budapest Berlin Vienna Copenhagen Amsterdam Zurich Source: DIW-Econ "Estimating the number of unavailable flats in nine selected largest European cities by 2030,” August 2020 19 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA Number of flats 40,000#20(1) URBANISATION/POPULATION GROWTH - EXAMPLE III PRESENT UNMET HOUSING NEED/PLANNED USE OF EU FUNDING THROUGH NATIONAL RECOVERY AND RESILIENCE PROGRAMMES UNTIL 2026 According to GdW1 estimate, the shortfall in the construction of new dwellings over the last 10 years is about 1 million units, Germany and 320,000 units per year are needed to meet the demand. € 2.5 billion to support the energy efficiency renovation of buildings Austria Poland Denmark EU Commission report notes an excess demand for all types of housing. According to GBV2, there is an annual need of 15,000 affordable homes over the next five years. € 159 million to support private households to replace oil and gas heating with more sustainable heating devices; € 543 million to construct new train lines and electrify the existing ones. Current shortfall of about 2 million apartments. Poland's Recovery and Resilience Plan that has yet to be approved, includes measures in improving air quality, energy efficiency in buildings, the development of renewable energy sources, zero-emission transport and access to broadband internet. 15,000 of new homes will be required per annum until 2040. A new broad political agreement secures investments from the National Building Fund of € 4 billion by 2026 to be allocated for green renovation of Danish social housing. Sources: Housing Europe "The State of Housing in Europe 2021"; European Commission, Country Report Austria 2020; The European Commission, "Laying the Foundations for Recovery", Austria, Germany, June 2021; DW "Poland's residential rental market: Boom or boon?", May 2021; European Commission "Poland submits official recovery and resilience plan, May 2021; GdW (2020), Wohnungswirtschaftliche Daten und Trends 2020/2021. 1 GdW - Gesamtverband deutscher Wohnungsunternehmen, the Federal Association of German Housing Companies 2 GBV - Gemeinnützige Bauvereinigungen, the Austrian federation representing non-profit housing associations 20 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#21(2) CLIMATE CHANGE/ENERGY EFFICIENCY - A2 Poland OVERVIEW Total annual energy investment surges to USD 5 trillion by 2030, adding an extra 0.4 percentage point a year to annual global GDP growth1 EU Green Deal sets 3 targets until 2030 At least 40% cuts in greenhouse gas emissions At least 32% share of renewable energy At least 32.5% improvement of energy efficiency Buildings account for about 40% of the overall energy consumption and produce around 36% of the associated greenhouse gas emissions in the European Union² ! Clients are increasingly demanding that existing buildings be adapted with a view towards higher energy efficiency and lower emission levels during operation. ! Own building materials network provides a high barrier to entry for other market participants, as the permits for building new mixing plants are not granted easily due to environmental concerns. 1 „Net Zero by 2050. A Roadmap for the Global Energy Sector", International Energy Agency, June 2021, p 22 2 European Commission: https://ec.europa.eu/clima/policies/strategies/2030_en (last accessed 19 July 2021) 21 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#22(2) CLIMATE CHANGE/ENERGY EFFICIENCY - STRABAG SUSTAINABILITY STRATEGY - Requrements EU supply chain law EU circular economy law EU Green Deal EU Taxonomy SDG* National level goals Industry goals Social discourse Demonstrations Climate-neutrality along the entire value chain by 2040 Impact analysis Sustainability strategy Data collection Projects SDG Sustainable Development Goals; STRABAG has been a UN Global Compact participant since March 2021 22 Investor Presentation November 2021 Roadmap Reporting Contribution STRABAG SOCIETAS EUROPAEA#23- (2) CLIMATE CHANGE/ENERGY EFFICIENCY. FIELDS OF ACTION OF SUSTAINABILITY STRATEGY* Juli. Strategic tasks Environmental Data CO₂ CO2-Emissions Energy . . Increase energy efficiency • • Substitute fossil fuels Develop and implement comprehensive mobility concepts Stakeholder communication, Reporting, Benchmarking Data availability and data models, Development of KPIs ✰ Materials and Waste Materials Optimise building materials Avoidance of unnecessary use of materials Improve water usage Waste • Reuse and recycle of waste Reduction of waste generation Supply Chain Supply Chain Management • Introduce a new sustainability management system for suppliers Perform regular supplier audits . Optimise supplier logistics ✓ Life Cycle Life cycle analysis • Create life cycle assessments (Further) develop building certifications Customer satisfaction • • Elaborate sustainability criteria for structural design and residential development Streamline land usage and ist efficiency * Examples of tasks in individual fields of action 23 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#24FASTER TOGETHER 2022 - THE STRABAG ACTION PLAN People First teamconcept BIM 5D® SMART. Construction LEAN. Construction 24 Investor Presentation November 2021 Strategic Procurement Solution (SPS) Project Risk Management STRABAG SOCIETAS EUROPAEA#25Pending#26Pending#27(4) RISK MANAGEMENT - RISK OF CLIMATE CHANGE ON STRABAG'S BUSINESS CLIMATE CHANGE More frequent and extreme climate events have made environmental risks more significant for STRABAG's activities, notably storms, floods, heat and rockslides or even ground movements can affect buildings and infrastructure as well as the safety and health of our employees Climate change also implies an increasing scarcity and security of supply of raw materials, and this despite our own production and supply of building materials, notably minerals, rare metals, fossil fuels but also water, timber and plastics POSSIBLE IMPACT • Material damage to building construction, installation and equipment • Health and safety conditions for our employees • Financial impact from higher costs of raw materials but also repair and maintenance, operational losses and construction delays • Regulatory or market changes leading to lower project profitability • Reputational damage in case of quality deficiencies and/or missed delivery deadlines 27 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#28Pending#29THE STRABAG INVESTMENT PROPOSITION 1 Sustainable Profit Growth with a Reliable Dividend 2 Resourcefulness, Recyclability, Construction Life Cycle 3 4 LO 5 Technology, Innovation and Digitalisation Flexible Business Model Supported by Strong Risk Management Financial Strength as a Competitive Advantage 29 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#30(1) SUSTAINABLE PROFIT GROWTH WITH A RELIABLE DIVIDEND - EBIT AND OPERATING CASH FLOW HISTORY EBIT (ЄM) AND EBIT MARGIN (%) 1,500 5 558 603 631 425 448 335 341 262 282 207 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 OPERATING CASH FLOW (ЄM) 1,500 501 269 805 694 1,345 1,240 264 1,280 1,076 789 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 30 Investor Presentation November 2021 2021 Outlook: ~4% EBIT margin target STRABAG SOCIETAS EUROPAEA#31(1) SUSTAINABLE PROFIT GROWTH WITH A RELIABLE DIVIDEND - NET INCOME AND DIVIDEND/PAYOUT HISTORY NET INCOME (ЄM) 500 239 399 379 363 282 292 182 156 148 110 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 DIVIDEND (€) AND PAYOUT RATIO (%) 7.0 1.90 50 1.30 1.30 0.95 0.90 0.60 0.65 0.45 0.50 0.20 0.0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 31 Investor Presentation November 2021 Payout Ratio 30-50% of Net Income after minorities 2020: € 5.00 Special Dividend Payout ratio 179% STRABAG SOCIETAS EUROPAEA#32Pending#33(2) RESOURCEFULNESS, RECYCLABILITY, CONSTRUCTION LIFE CYCLE - THE STRABAG CLIMATE NEUTRALITY TARGET (II) 2021: CO2 pricing in Germany 2022: Entry into force of part 1 of the EU Taxonomy Goal 2040: Climate neutrality of Austria 2040 Goal 2050: Climate neutrality of the EU Goal 2045: Climate neutrality of Germany 2050 2021: draft EU supply chain legislation 2022: CO2 pricing in Austria 2023: Entry into force of part 2 of the EU Taxonomy Conclusion of the 2030 Agenda (SDGs) Today 2025 2030 2035 # Climate neutral administration Climate neutral construction projects Climate neutral operation of buildings Climate neutral building materials and infrastructure Administration: • Construction projects: Building operation: Building materials: Infrastructure: # Effects the Group (Scope 1 and 2), including business trips (Scope 3), excluding in-house material production and construction projects Scope 1 and 2 emissions of construction projects (construction phase) Scope 3 emissions of client's building operations In-house production and suppliers (Scope 3 upstream) All construction project except buildings 33 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#34(3) TECHNOLOGY, INNOVATION AND DIGITALISATION - KEY POINTS OF STRABAG'S DIGITALISATION OBJECTIVES Digital objectives Breaking down Data Silos Data is the basis of all digitalisation activities. Therefore, we are consistently breaking down the existing data silos within STRABAG and ensuring better networking with each other. We are making our data usable. 2. 3. Standardisation The success of the digital transformation crucially depends on the availability of global standards (processes, digital applications). We are therefore a) accelerating and defining the standardisation of our business processes and b) defining uniform digital standard technologies and tool kits (depending on the division) that include suitable digital applications to make the daily work of our operating unit colleagues easier. Acceleration of Digital Business Processes Cloud instead of filing cabinet, orders and sending invoices via portals instead of letters and faxes. Digital business processes are essential for companies, because digital innovations are only conceivable in an environment in which the working processes, data and technologies are set up in digital form. We are therefore accelerating the use of digital business processes that can also be offered as a service. Consistent Automation We are analysing our existing processes and pointing out where there is particularly high potential for automation (such as through the use of hardware and software robotics). We are optimising processes where a) much time is needed for manual work or system maintenance, b) there are high error rates that require time-intensive and cost-intensive subsequent manual work, and c) resources are blocked due to cost-intensive work that could also be automated. Ensuring Suitable Digital Equipment We are creating the appropriate framework conditions for successful digitalisation. This includes both modern, needs-based digital equipment (hardware, software and digital access), and an awareness and enthusiasm for digital solutions, so that our employees can also really tread new digital paths. Higher-level focus: Support for operating units and increase in efficiency 5. 34 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#35(3) TECHNOLOGY, INNOVATION AND DIGITALISATION - THE 5 CENTRAL ELEMENTS OF STRABAG'S DIGITAL STRATEGY STRATEGIC SUCCESS FACTORS Understanding the Requirements of Internal Customers • Focus on simplicity, speed, • transparency, and service. Digital development on the basis of operative needs. Agile Organisation • Modify organisation models for higher adaptability, speed & shorter reaction time. Source: https://bit.ly/2Hf6AIW 35 Investor Presentation November 2021 1 2 SID 3 5 4 Data is the new Oil • Data as a basis for exponential growth of knowledge and competitive advantages. Data as a basis for new business models, etc. Digital Services & Business Models Transform existing processes and innovations into digital services & business models on the basis of customer requirements. Technology, innovation processes & start-ups as the basis. Bimodal IT Digital division with more flexibility (e.g. for new digital processes & projects). Classic IT division for stable operation of information technology. STRABAG SOCIETAS EUROPAEA#36(3) TECHNOLOGY, INNOVATION AND DIGITALISATION - HEADCOUNT CENTRAL TECHNICAL, INNOVATION AND R&D STAFF HEADCOUNT 2,500 Total R&D spending 2020: ~ € 17 million 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020* 2021 SID ZT ΤΡΑ * 122 employees moved to SID ZT = Central Technical Division; SID = STRABAG Innovation & Digitalisation; TPA = STRABAG company for quality control and innovation 36 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#37(3) TECHNOLOGY, INNOVATION AND DIGITALISATION CENTRAL TECHNICAL DIVISION/TPA AND SID CENTRAL TECHNICAL DIVISION • Central Technical Division – provides technical services spanning the entire construction process, from the acquisition phase to bid processing, from general and specialist planning to construction and start of operations • Focus on building construction and civil engineering ⚫24 locations • Technical Academy – strategically oriented operations: needs assessment, monitoring, generation of data base and KPIs, quality control, training course conceptualisation and support for new positions ΤΡΑ • TPA - organisation focused on optimising technical processes, workplace safety and quality • STRABAG's competence centre for quality management and construction R&D • Task areas: Quality control, building materials technology competence centre for asphalt and concrete technology, earthworks, rock science, geotechnics, environmental chemistry and special construction 130 locations - STRABAG INNOVATION & DIGITALISATION (SID) DE CZ AT Key facts 2020 Locations Germany (Berlin, Hamburg, Cologne, Munich, Münster, Regensburg, Stuttgart) • Austria (Vienna, Villach, Spittal) ⚫ Czech Republic (Prague) • 230 employees (37% women) • Group-wide expertise for innovation & digitalisation • Digital support of operations and services companies Selected projects • Famoos (living moss on building facade in Germany) • Strategic Procurement Solutions (SPS) • Data Science Hub ⚫ Data-based Risk Analysis • Augmented Reality Visualisation • Supply Chain Management in civil engineering 37 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#38- (3) TECHNOLOGY, INNOVATION AND DIGITALISATION BIM 5DⓇ OFFERING TECHNOLOGY AND SUSTAINABILITY 3D MODEL: DEFINING THE "TO BE BUILT" 4D-TIME: WHEN ARE WORKS EXECUTED? 5D - PROCESS: MATERIALS, ORDERS ADVANTAGES OF BIM 5DⓇ • Single data pool as an answer to specialisation and growing number of companies involved • Risk management: Inconsistencies detected earlier Clients get a clearer picture of the impacts resulting from alterations, renovations, additions Budget and time overruns minimised 38 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#39Pending#40(4) FLEXIBLE BUSINESS MODEL, STRONG RISK MANAGEMENT OUR SUBCONTRACTING AND PORTFOLIO MIX - SUBCONTR. BUILDING & CIVIL ENGINEERING SUBC. TRANSPORTATION INFRASTRUCTURE Sub- contractors 57 % Own 43 % Sub- contractors 32% Own 68 % DIVERSIFIED PORTFOLIO BALANCES CYCLICAL/PROJECT-DRIVEN NATURE OF CONSTRUCTION • Diversifying geographically • Top market positions in stable home markets • Offer services along the entire construction value chain Construction Materials Services 5% Project development & Concessions 2% 6% International & Tunnelling 9% 40 Investor Presentation November 2021 Building Construction & Civil Engineering 37% % of total output volume 2020 Transportation Infrastructure 41% STRABAG SOCIETAS EUROPAEA#41(4) FLEXIBLE BUSINESS MODEL, STRONG RISK MANAGEMENT OWN DENSE CONSTRUCTION MATERIALS NETWORK - STRABAG FACILITIES1 OWN COVERAGE OF MATERIAL NEEDS (%) Asphalt mixing plants 2732 100 Concrete mixing plants Quarries and gravel pits • Cement mixing plants 83% 83% 2020 2019 1392 1432 53 Production of 3.7 million m³ of concrete, 16.3 million tons of asphalt and 1.2 million tons of cement in 2020 • Sales revenue of € 640 million in 2020 34% 30% 27% 25% 15% 15% 0 Asphalt Concrete Cement Stone/Gravel HIGHLIGHTS • Hedge against price fluctuations, securing supply • Existing quarries as effective entry barriers - lack of permits for new sites • 30% in joint venture (at equity-consolidated since Q3/2011) with LafargeHolcim secures access to cement in Central and Eastern Europe ⚫ Further optimisation of raw materials network and increased self-sufficiency except in asphalt 1 December 2020 2 Includes active facilities from joint ventures and associates 3 Thereof four in JV with LafargeHolcim (STRABAG share 30%) and one in another investment (STRABAG share 25.6%) 41 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#42Pending#43(4) FLEXIBLE BUSINESS MODEL, STRONG RISK MANAGEMENT PROPERTY & FACILITY SERVICES TARGET MARKETS & BUSINESS SEGMENTS DE AT PL KEY ACCOUNTS - Technical Facility services Infrastructural Facility services Industrial services and technical cleaning Real Estate Management KEY FACTS 2020 • Output 2020: € 549 m ~ 6,099 employees (FTE) • Consolidated in the International + Special Divisions Segment ⚫ #4 position in German facility market (Lünendonk 2020 Ranking) #5 position in Polish facility market - Property Management - Workplace Management DFS Deutsche Flugsiche- City Tower, rung Headquarters Frankfurt, Germany Praha, Czech Republic 43 Investor Presentation November 2021 Vodafone Campus, Düsseldorf, Germany TARGETS FOR 2021 • Extend business with new and existing customers • Secure long time relationship accounts by offering integrated service solutions • Stable output volume of approx. € 600 m • Enter new market segments • Further development of established business platform for stable and efficient facility and property services, enable scalable services 4.0 along customer needs • Focus on driving digital processes and establishing innovative and sustainable services to meet market and customer needs STRABAG SOCIETAS EUROPAEA#44Pending#45Pending#46Pending#47- (5) FINANCIAL STRENGTH AS COMPETITIVE ADVANTAGE - DIVERSIFIED FINANCING DEBT REPAYMENT PROFILE BONDS (ЄM) 300 0 2021 CORPORATE BOND 200 2022 2023 TERM INTEREST VOLUME 2015-2022 1.625% € 200 m 47 Investor Presentation November 2021 ISIN AT0000A1C741 DIVERSIFIED MEANS OF FINANCING Cash and surety credit lines (31 December 2020): € 7.9 billion - thereof syndicated cash credit line of € 0.4 billion (by 2026) thereof syndicated surety loan of € 2.0 billion (by 2026) Last bond issue: € 200 million, 1.625 %, 2015-2022 STRABAG SOCIETAS EUROPAEA#48- (5) FINANCIAL STRENGTH AS COMPETITIVE ADVANTAGE - INCREASING ALLOCATIONS TO INFRASTRUCTURE INVESTMENTS PENSION ASSET ALLOCATION FROM 2000 TO 2020 (%) 60 60 7% 0 2000 Pension funds have increased their allocation to alternative investments from 7 % to 26% in the last 20 years. Alternatives have been attractive for return reasons despite their governance difficulties. L 2005 Equities Bonds Other* Cash 26% 2010 2015 2020e Other includes real estate, private equity and infrastructure Source: Willis Towers Whatson, Thinking Ahead Institute, „Global Pension Assets Study," 2021 48 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#49Pending#50ORDER BACKLOG REACHED AGAIN A NEW RECORD HIGH, OUTPUT VOLUME UP BY 3% OUTPUT VOLUME (ЄM) 25,000 6,943 -3% 6,720 15,447 6M/21 6M/20 2020 ORDER BACKLOG (ЄM) 25,000 9% 21,102 19,441 18,369 50 0 6M/21 6M/20 2020 Investor Presentation November 2021 • Growth primarily due to the nearly one-fifth increase in the home market of Austria following temporary suspension of construction activity in the wake coronavirus crises last year +9% to new record high • Numerous new projects in a wide range of sectors mainly in Germany and Austria STRABAG SOCIETAS EUROPAEA#51STRONG GROWTH IN EARNINGS EBITDA (€M) 1,500 EBIT (ЄM) 51 700 - 35% - 406 300 Growth of more than a third 1,174 6M/21 6M/20 2020 140 -211% 0 6M/21 Investor Presentation November 2021 631 45 6M/20 2020 • Depreciation and amortisation comparable to six months 2020 • Strong increase of EBIT attributable to the segments International + Special Divisions and North West STRABAG SOCIETAS EUROPAEA#52NET INCOME AFTER MINORITIES AFTER SIX MONTHS HIGH IN THE POSITIVE TERRITORY NET INCOME AFTER MINORITIES (€M) 400 EARNINGS PER SHARE (€) 395 3.85 4 n.m. n.m. 88 0.86 0 0 -1 -0.01 -100 -1 6M/21 6M/20 2020 6M/21 6M/20 2020 • Net interest income less negative at € -3 million after € -13 million in 6M/20; positive exchange rate differences, as opposed to negative exchange rate differences in the same period of the previous year • Income tax rate of 33% • Earnings attributable to minority shareholders changed only little at € 3 million • While net income after minorities with € -0.79 million had been very slightly in negative territory in 6M/20, it posted € 88 million after 6M/21 52 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#53STILL HIGH EQUITY RATIO OF MORE THAN 30% DESPITE INCREASED DIVIDEND ASSETS1 EQUITY AND LIABILITIES¹ (€m) 6M/2021 2020 (€m) 6M/2021 2020 Intangible assets 483 483 Share capital 110 110 Rights from concession Capital reserves 2,315 2,315 arrangements 502 512 Retained earnings 1,070 1,661 PP&E & investment property 2,548 2,571 Non-controlling interests 21 22 Equity-accounted investments 416 419 Total equity 3,516 4,108 Other investments 192 188 Provisions 1,275 1,224 Concession receivables 543 562 Financial liabilities 729 992 Other receivables 247 234 Other liabilities 94 105 Deferred taxes 196 185 Deferred taxes 95 61 Non-current assets 5,127 5,153 Non-current liabilities 2,193 2,383 Inventories 1,031 1,070 Provisions 1,005 1,008 Concession receivables 44 42 Financial liabilities 434 164 Contract assets 1,690 1,071 Contract liabilities 901 1.024 Trade and other receivables 1,907 1,940 Trade payables 2,681 2,463 Cash and cash equivalents 1,875 2,857 Other current liabilities 946 984 Current assets 6,548 6,981 Current liabilities 5,966 5,643 Total Assets 11,675 12,134 Equity and liabilities 11,675 12,134 1 Rounding differences might occur. 53 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#54BUSINESS-RELATED STRONG INCREASE IN RECEIVABLES SHIFTS CFO TO NEGATIVE (€m) 6M/21 A% 6M/20 - Cash beginning of period 2,857 16 2,460 Cash flow from earnings 347 45 239 A Working Capital -410 -99 -206 Cash flow from operating activities -63 n.m. 33 Cash flow from investing activities -220 -22 -180 Cash flow from financing activities -714 -173 -261 Net change in cash -996 -144 -408 FX changes 15 n.m. -33 Change restricted cash 0 -100 1 Cash-end of period Rounding differences might occur. 1,875 -7 2,020 54 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#55Pending#56Pending#57Pending#58DECLINE IN OUTPUT VOLUME 2020 LOWER THAN PREDICTED OUTPUT VOLUME (ЄM) 20,000 7-7% 15,447 16,618 2020 OUTPUT VOLUME BY REGION 2020 Rest of Europe Rest of world 5% 8% CEE 24% Austria 16% CEE Central and Eastern Europe 58 Investor Presentation November 2021 Germany 47% 2019 Loss of a key client in Germany in property & facility services as from 1 July 2019 onwards • Performance and completion of tunnelling projects Temporary suspension of construction activity due to the Covid-19 crisis in Austria Growth in other markets like Poland and Czech Republic STRABAG SOCIETAS EUROPAEA#59INCREASE IN ORDER BACKLOG DESPITE CRISIS ORDER BACKLOG (ЄM) 20,000 18,369 2020 5% 17,411 ORDER BACKLOG BY REGION 2020 Rest of world Rest of Europe 17% 7% CEE 21% Austria 10% CEE Central and Eastern Europe 59 Investor Presentation November 2021 Germany 45% 2019 • Strong growth in Germany, especially in transportation infrastructures • Increases also in other core markets like Czech Republic and Slovakia Large-scale projects in Great Britain. Declines in Austria, Poland and Hungary STRABAG SOCIETAS EUROPAEA#60EBITDA TOPPING € 1 BILLION MARK FOR THE SECOND TIME EBITDA (€M) AND EBITDA MARGIN (%) 1,500 1,174 5% 1,113 • Improvement of EBITDA margin from 7.1 % to 8.0 % 8.0% 7.1% 2020 2019 EBIT (ЄM) AND EBIT MARGIN (%) 1,500 60 -5% 631 603 4.3% 0 2020 Investor Presentation November 2021 3.8% 2019 Depreciation and amortisation higher as a result of the high investments in previous years Positive factors, particularly in the transportation infrastructures business in the core markets, outweighed Covid-19-related burdens • Earnings growth in the segments North + West and South East STRABAG SOCIETAS EUROPAEA#61Pending#62GROUP INCOME STATEMENT 2020 (€m) Output volume Revenue 2020 2019 A% 15,446.61 16,617.97 -7 14,749.74 15,668.57 -6 Changes in inventories/own work capitalised 23.46 31.36 -25 Other operating income 205.81 233.14 -12 Construction materials, consumables and services used -9,304.35 -10,111.85 8 Employee benefits expenses -3,713,07 -3,745.15 1 Other operating expenses -910.52 -1,024.02 11 Share of profit or loss of associates 66,21 -21.48 n.m. Net income from investments EBITDA Margin (%) Depreciation and amortisation EBIT Margin (%) Net interest income 57.17 1,174.45 82.72 -31 1,113.30 5 8.0 -543.80 7.1 -510.71 -6 630.65 602.58 65 4.3 3.8 -20.60 -25.34 19 Income tax expense -210.99 -198.68 -6 Net income 399.06 378.56 5 Attributable to minority interest 3.84 6.86 -44 Attributable to equity holders of the parent company 395.22 371.70 6 Earnings per share (€) 3.85 3.62 A% was calculated with original, not rounded figures → therefore, rounding differences might occur. 62 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#63Pending#64NET CASH INCREASED TO AN EXCEPTIONAL LEVEL OF € 1.7 BILLION NET DEBT (+)/NET CASH (-) (ЄM) EQUITY RATIO (%) 2,000 40% 33.9 31.5 30.7 31.6 31.5 0 -449 -1,335 -1,218 -1,144 -2,000 -1,747 0% 2016 2017 2016 2017 2018 2019 2018 2019 2020 2020 • Equity exceeded the € 4 billion mark for the first time, equity ratio of 33.9 % • Net cash position increased even further -Increased cash and cash equivalents - Low financial liabilities • S&P confirmed corporate credit rating of BBB (outlook: stable) in October 2020 64 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#65Pending#66CASH AT € 2.9 BILLION CASH DEVELOPMENT (€M) 4,000 1,280 2,460 350 1 2,857 496 38 Cash 1.1.2020 CFO CFI CFF Currency Restricted Cash translation cash 31.12.2020 COMMENTS • Due to Covid-19, investments were temporarily suspended in spring 2020 as a precautionary measure. CFO: Cash flow from operating activities CFF: Cash flow from financing activities CFI: Cash flow from investing activities (net CAPEX) 66 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#67AGAIN CASH INFLOW IN 2HY/2020 WORKING CAPITAL PATTERN: CASH OUTFLOWS IN 1HY; INFLOWS IN 2HY (ЄM) 1,500 0 -748 322 -278 989 -295 430 -550 775 -207 557 -1,500 HY1 2016 HY2 2016 HY1 2017 HY2 2017 HY1 2018 HY2 2018 HY1 2019 HY2 2019 HY1 2020 HY2 2020 COMMENTS • Working capital outflows generally occur over the first nine months of the year due to business seasonality • Record cash-inflow in 2HY/2017 - expectation of increase in working capital to familiar levels has not yet materialised Rounding differences might occur. 67 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#68Pending#69Pending#70Pending#71INTERNATIONAL + SPECIAL DIVISIONS: BUSINESS SECTORS AFFECTED VERY DIFFERENTLY BY THE CRISIS KEY INDICATORS (€m) 2020 A% 2019 Output volume 2,812 -19 3,451 Revenue 2,670 -17 3,217 Order backlog 4,763 16 4,111 EBIT 54 -71 184 EBIT margin (% of rev.) 2.0 Employees (FTE) 21,339 -15 25,219 SHARE OF GROUP OUTPUT VOLUME 18% of group output volume 71 Investor Presentation November 2021 5.7 COMMENTS Output volume fell by 19%: - loss of major property & facility services client in Germany Covid-19-related restrictions on tunnelling projects in Chile ⚫ EBIT declined drastically by 71 %: international markets, including Chile and Singapore, were hit hard by the pandemic • Order backlog increased by 16 %: Great Britain main driver STRABAG SOCIETAS EUROPAEA#72OUTLOOK FOR 2021: CAUTIOUSLY OPTIMISTIC Output volume above 2020 level EBIT margin back to normal, ~4.0 % • Segment outlook: North + West: stable at high level South + East: recovery of output volume compared to 2020 International + Special Divisions: Covid-19 crisis also presents opportunities 72 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#73Pending#74OUTPUT VOLUME BY COUNTRY (€m) Germany 2016 2017 2018 2019 2020 CAGR (%) 6,270 6,960 7,877 7,819 7,323 4 Austria 2,099 2,333 2,542 2,679 2,460 Poland 774 848 975 1,129 1,183 11 Czech Republic 631 629 706 783 826 7 Hungary 448 551 714 848 671 11 Americas 348 385 515 714 494 9 Other European Countries 150 277 275 343 385 27 Slovakia 461 528 667 369 297 -10 Benelux 309 294 351 318 262 -4 Romania 254 183 197 226 250 0 Switzerland 378 320 273 232 220 -13 Croatia 78 120 163 152 172 22 Sweden 179 162 178 205 160 -3 Serbia 89 113 111 148 158 15 Middle East 267 303 206 148 119 -18 Asia 131 99 162 179 117 -3 Denmark 234 159 92 99 76 -25 Bulgaria 27 45 42 42 65 25 Slovenia 65 53 68 49 59 -2 Italy 82 67 74 0 52 -11 Russia 139 143 78 71 52 -22 Africa 78 13,491 48 57 66 46 -12 14,621 16,323 16,618 15,447 3 Total 1 CAGR over period 2016-2020 74 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#75STRABAG MARKET SHARE DATA 2019 COUNTRY Germany Austria Poland Hungary Czech Republic Slovakia Benelux Switzerland Romania Sweden Croatia Serbia Denmark Russia Slovenia Bulgaria Italy CONSTRUCTION OUTPUT (Єm) STRABAG OUTPUT (Єm) 378,472 7,819 MARKET SHARE (%) 2.1 45,096 2,679 5.9 57,007 1,129 2.0 17,010 848 5.0 23,728 783 3.3 5,466 369 6.8 133,330 318 0.2 62,918 232 0.4 20,714 226 1.1 45,260 205 0.5 4,492 152 3.4 3,999 148 3.7 38,062 99 0.3 135,040 76 0.1 3,471 49 1.4 8,953 42 0.5 178,829 -6 0.0 Sources: Euroconstruct Report, November 2020, EECFA Country Reports Nov 2020, company data 75 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#76MARKET LEADING POSITION IN CENTRAL AND EASTERN EUROPEAN COUNTRIES WESTERN EUROPE EASTERN EUROPE Rank GERMANY POLAND CZECH REPUBLIC HUNGARY 1. STRABAG 7,819 Budimax 1,778 Metrostav 1,048 Duna Aszfalt 954 2. Vinci 3,140 STRABAG 1,129 STRABAG 783 STRABAG 848 3. Goldbeck 2,457 Porr 548 Eurovia 485 Mészáros 759 4. Zech Group 2,034 Erbud 543 Skanska 313 Market 730 5. Porr 1,470 Skanska 543 OHL 265 Colas 384 Rank AUSTRIA SLOVAKIA ROMANIA CROATIA 1. STRABAG 2,679 STRABAG 369 STRABAG 252 STRABAG 152 2. Porr 2,462 Doprastav 211 Astaldi 202 Kamgrad 149 HB Reavis China Road & 3. Swietelsky 1,699 130 Constructi Erbasu 137 116 Management Bridge Corp. 4. Habau1 1,410 Skanska 113 Technostrade 94 GP Krk 96 5. Rhomberg Gruppe1 753 Goldbeck 90 Porr 92 Elektrocentar Petek 92 Output volume/Revenue 2019 (€ million) Sources: Companies' Annual Reports; Deutsche Bauindustrie; OPTEN; Časopis Stavitel; Deloitte; 1 Habau and Rhomberg Gruppe listed with total revenue. 76 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#77OWN BUILDING MATERIALS NETWORK 77 Investor Presentation November 2021 Netherlands Asphalt ech Republi Germany Poland Slovakia Austria Hungary Switzerland Slovenia Croatia Bosnia-Herzegovina Concrete Sand and Gravel Cement Moldova Romania Serbia Montenegro Bulgaria Kosovo STRABAG SOCIETAS EUROPAEA#78Pending#79ILLUSTRATIVE PPP PROJECT STRUCTURE DEBT Lenders Funding Agreements Insurance Contracts Grantor Project/Concession Contract Independent Engineer Agreement Independent Engineer STRABAG SPC / Project Consortium / Company Shareholders Agreement [Public Entity] Insurance Providers Turnkey Design and Construction Contract Construction Joint Venture (EPC - Contract) 79 Investor Presentation November 2021 Operations & Maintenance Contract STRABAG Partner(s) A-Way EQUITY Operations & Maintenance Company CJV Partner(s) OJV Partner(s) STRABAG SOCIETAS EUROPAEA#80PROPERTY & FACILITY SERVICES: STRATEGIC RATIONALE & TARGETS EXTENDING THE VALUE CHAIN Offsets seasonal and cyclicality factors (contracts of 3-5 years duration) One-stop-shop service provider offering integrated lifecycle services • Long-term relationship with customers • Growth opportunities through international market access and rising importance of ESG solution services BROAD RANGE OF CUSTOMERS (SELECTION) Services for all type of real estate and property, as offices, industrial sites and plants, technology buildings, data centres and residential properties: Airbus, Allianz, Audi, BlmA*, BLB*, BDBOS*, BOS*, Bosch, Colt, Commerzbank, DEKA, Demire, Deutsche Bahn, DFS, dm, Fortuna, Gardena, Generali, GE Power, Gruner+Jahr, Hansainvest, Immofinanz, Liebherr, Linde, MAHAG, MAN, Mars, OMV, Pilkington, Raiffeisen, Roche, Ritter Sport, Raiffeisen, RWE, Siemens, Telefónica Deutschland, UniCredit, Union Investment, Vodafone, Voith, WealthCap, Westbahn, etc. MILESTONES 2012 2014 2018 2019 2020 2021 Acquisition of BWG1, operates today as STRABAG Residential and Property Services GmbH | Germany Acquisition of DIW Group | Germany and Austria Acquisition of Caverion Polska Sp. z o.o. | Poland • Take-over of Property Management business of Corpus Sireo | Germany • Acquisition of PORREAL Polska sp. z o.o. | Poland • Acquisition of PORREAL Česko s.r.o. | Czech Republic • Acquisition of SKS Elektrotechnik GmbH | Germany Strategic reorganization and fully integration into STRABAG group Acquisition of business operations of BAM Facility Services GmbH (Asset Deal) | Germany *BIMA: Bundesanstalt für Immobilienaufgaben; *BLB: Bau- und Liegenschaftsbetrieb NRW; *BDBOS: Bundesanstalt für den Digitalfunk der Behörden und Organisationen mit Sicherheitsaufgaben; *BOS: Behörden und Organisationen mit Sicherheitsaufgaben 80 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#81STABLE SHAREHOLDER STRUCTURE SHAREHOLDER STRUCTURE SINCE 7/2021 MKAO,,Rasperia Trading Limited" 27.8% Haselsteiner Family 28.3% 14.4% Free float 29.5% UNIQA/Raiffeisen 2.2% 1.9% 1.7% 1.5% 0.4% 6.7% Retail Institutional Continental Europe (ex. Austria) Other COMMENTS • Core shareholders account for the majority >80% stake Shareholders' syndicate extended in June 2017 by five years to end of 2022 • Flexibility: Strategic decisions can be taken and implemented very fast. Reduction of the share capital by € 7,400,000 through the redemption of own shares; share capital as at 16 July 2021: € 102,600,000 81 Investor Presentation November 2021 Institutional Austria Institutional North America Institutional UK and Ireland STRABAG SOCIETAS EUROPAEA#82ORGANISATIONAL STRUCTURE - CENTRAL UNITS Board Member North + West 1 Divisions 3 Division Manager Subdivisions 36 Subdivision Manager CEO Operative Segments South East International + Special Divisions 1 1 1 30 7 1 28 Central Divisions & Central Staff Divisions CFO CEO CDO • Accounting • BRVZ Financing • Human Resources • Real Estate ⚫ IT Project Risk Management System (PRMS) /Organisational Development BRVZ Coordination IT and Country Support Coordination BMTI1 . Taxes • Insurance Business Compliance Zentrale Technik TPA² Corporate Communications STRABAG • International . Management Support/HR CML3 Internal Auditing Department Innovation & Digitalisation 1 BMTI: equipment and vehicle management 2 TPA: quality management, health/safety/environment and energy management, technical consultation, quality assurance, innovation management 3 CML: prequalification, contract management and legal services As of 1 January 2021 82 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#83THE MANAGEMENT BOARD LONG RECORD OF EXPERIENCE WITHIN STRABAG AND IN THE CONSTRUCTION SECTOR Thomas Birtel, CEO . Joined STRABAG in 1996 Management Board member since 2006 . Born 1954 Education: Economics Christian Harder, CFO • Joined STRABAG in 1994 • Management Board member since 2013 Born 1968 Education: Business Administration from left: Klemens Haselsteiner, Alfred Watzl, Peter Krammer, Thomas Birtel, Christian Harder, Siegfried Wanker Over 100 years combined experience at STRABAG 83 Investor Presentation November 2021 Alfred Watzl, Head of North + West segment • Joined STRABAG in 1999 • Management Board member since 2019 Born 1970 Education: Civil Engineering Peter Krammer, Head of South + East segment • Joined STRABAG in 1998 Management Board member since 2010 • Born 1966 Education: Civil Engineering Siegfried Wanker, Head of International + Special Divisions segment • Joined STRABAG in 1994 Management Board member since 2011 Born 1968 Education: Civil Engineering Klemens Haselsteiner, Chief Digital Officer (CDO) • Joined STRABAG in 2011 Management Board member since 2020 Born 1980 Education: Economics STRABAG SOCIETAS EUROPAEA#84STRABAG SHARE IS COVERED BY FIVE INSTITUTIONS Company Date Title Target Price Rating Erste Group 16.11.2021 STRABAG: 3Q21 trading statement in-line, FY21 outlook confirmed (neutral) € 42.62 Buy Kepler Cheuvreux 16.11.2021 Confirms guidance after Q3, sees raw material prices stabilising € 44.0 Buy RCB 3.9.2021 Rock solid value proposition € 48.0 Buy LBBW 11.6.2021 Kernaktionäre fordern eine hohe Dividende € 35.0 Hold Deutsche Bank 30.4.2020 Solid 2019 delivery, surprisingly crisis resilient € 35.0 Buy 84 Investor Presentation November 2021 STRABAG SOCIETAS EUROPAEA#85Pending