#1150 YEARS Investor Relations Company Presentation 9M 2023 results - November 7, 2023 We are building the world of tomorrow. HOCHTIEF HOCHTIEF Go Juan Santamaría, CEO Peter Sassenfeld, CFO Mike Pinkney, Head of Corporate Strategy Tobias Loskamp, Head of Capital Markets Strategy © HOCHTIEF#2150 YEARS Table of contents Highlights P&L Cash flow Net cash Order book ➤ Recent project awards 356981 7 ➤ Americas 11 Asia Pacific 12 ➤ Europe 13 ➤ Abertis 14 Corporate strategy 16 Capital allocation and Guidance ESG 18 19 680 Appendix Group financials overview 21 P&L, Balance sheet, Cash flow 22 Group financing structure 26 Group order backlog risk profile 27 Americas 28 Asia Pacific 30 Europe 34 Abertis 36 FX rates 39 HOCHTIEF Group overview 40 We are building the world of tomorrow. HOCHTIEF HOCHTIEF HOCHTIEF TALLAWNIC NSW OTWA Hotel/David Mitchell OCPB Contractors 2#3150 YEARS A HOCHTIEF Nom. net profit We are building the world of tomorrow. Op. net profit EURM +6% 403 381 HOCHTIEF Group - 9M 2023 overview Operational net profit EUR 403m, +6% yoy; nominal net profit EUR 381m, +7% Solid performance with sales up 11% yoy fx-adj. at EUR 20.4bn, driven by all divisions ✓ Double-digit net profit growth adjusting for fx-effects Robust operational NPAT margin of 2.0%; EBITDA and EBIT margins stable at 4.5% and 3.3% Strong Q3 2023 cash flow from operating activities pre-factoring* up EUR 135m yoy 9M 2023 cash flow* of EUR 208m substantially up by EUR 87m yoy Cash flow from op. activities pre-factoring* of approx. EUR 1.3bn LTM highlights sustained high level of cash conversion when adjusting for seasonality Net operating capex increase driven by job-costed tunneling equipment and the initial, one-off development capex for a major renewable project at CIMIC Net debt reduced by EUR 158m yoy driven by a EUR 478m underlying improvement ✓ EUR 301m dividend paid to HOCHTIEF shareholders in July 2023 ✓ Seasonally strong operating cash flow expected for Q4 2023 New orders of EUR 27.8bn in 9M 2023, exceptional growth of EUR 7bn yoy (+39% fx-adj) ✓ Continuation of strong growth trend in Q3 (new orders +51%) driven by strategic focus on high- growth markets which accounted for over 50% of new orders in 9M 2023 ✓ The vast majority of new orders is of lower risk nature ✓ Order backlog of EUR 56.1bn, up EUR 3.3bn or +14% fx-adjusted yoy ✓ Proportion of lower-risk order book has significantly increased over last 5 years to approx. 85% Guidance FY 2023 confirmed: operational net profit of EUR 510 – 550m ✓ Strategic focus on rapidly expanding high-tech, energy transition and sustainable infrastructure markets driving strong order book growth, positive profit momentum and further improving risk profile Starting to deploy equity in high-tech infrastructure projects (e.g. solar, EV chargers and data centers) ✓ Dividend of EUR 4.00/ share (vs. EUR 1.91 for 2021) paid in Q3 2023 * = Cash flow figures pre-factoring, and underlying, i.e. excluding extraordinary payments +7% 381 355 9M 2022 9M 2023 9M 2022 9M 2023 Cash flow from operating activities * EURM +135m 59 194 122 +87m 208 Q3 2022 Q3 2023 9M 2022 9M 2023 918 Net cash EURM -226 Net cash 9M 2022 -164 EUR +478m yoy -276 252 -301 -20 -68 Free cash Debt Fx, others Net cash Non-op. Net cash flow pre- factoring" lease repay ment 9M 2023 dividend effects 9M 2023 pre non- payment ops. New orders EURbn +33% nom./+39% fx-adj. EURm Order backlog 27.8 +6% nom./+14% fx-adj. 2.6 52.8 56.1 5.6 20.9 4.3 1.1 8.6 19.6 19.4 8.2 16.5 28.8 31.1 11.5 9M 2022 9M 2023 9M 2022 9M 2023 Op. Net profit guidance 522 510-550 FY 2022 FY 2023 3#4150 YEARS We are building the world of tomorrow. A HOCHTIEF HOCHTIEF Group - 9M 2023 key figures 9M 2023 9M 2022 A 9M in % A 9M in EURM Q3 2023 Q3 2022 A Q3 in % LTM 9M 2023 FY 2022 (EUR million) Sales Operational profit before tax/PBT 20,361.9 19,123.6 6.5% 1,238.3 7,346.3 7,179.2 2.3% 27,457.6 26,219.3 571.7 546.1 4.7% 25.6 Operational PBT margin in % 2.8 2.9 -0.1 179.5 2.4 178.4 2.5 0.6% -0.1 758.7 Operational net profit 403.1 380.7 5.9% 22.4 133.1 131.3 1.4% 2.8 543.9 733.1 2.8 521.5 Operational net profit margin in % 2.0 2.0 0.0 1.8 1.8 Operational earnings per share (EUR) 5.36 5.36 0.0% 0.00 1.77 1.75 0.0 1.1% 2.0 2.0 7.24 EBITDA EBITDA margin in % 907.9 863.3 5.2% 44.6 309.3 308.0 4.5 4.5 0.0 4.2 4.3 0.4% -0.1 1,229.1 4.5 1,184.5 4.5 EBIT EBIT margin in % Profit before tax / PBT Tax rate (taxes / PBT in %) Minority interest 681.6 617.7 10.3% 63.9 227.2 213.1 6.6% 904.6 840.7 3.3 3.2 0.1 3.1 3.0 0.1 3.3 3.2 536.0 502.2 6.7% 33.8 164.2 161.7 0.0 711.0 677.2 25.9 26.1 -0.2 22.8 26.0 -3.2 24.0 -16.3 -15.9 -0.4 -7.7 -4.7 -33.2 Net profit 380.9 355.4 7.2% 25.5 119.0 115.0 3.5% 507.3 481.8 Earnings per share (EUR) 5.06 5.00 1.2% 0.06 1.58 1.53 3.3% 6.68 Cash flow from operating activities pre-factoring * 208.3 121.7 71.2% 86.6 194.1 58.7 230.7% 1,298.4 1,211.8 Cash flow from operating activities * 216.1 149.3 44.7% 66.8 73.5 -4.7 Net operating capital expenditure 157.4 108.1 45.6% 49.3 54.2 45.3 1,663.8% 19.6% 1,354.2 1,287.4 213.3 164.0 Free cash flow from operating activities pre-factoring 50.9 13.6 274.3% 37.3 139.9 13.4 944.0% 1,085.1 1,047.8 Free cash flow from operating activities * Free cash flow pre-factoring Net cash/net debt New orders Work done Order backlog like-for-like 58.7 41.2 42.5% 17.5 19.3 -50.0 48.7 -87.4 155.7% 136.1 129.0 -27.5 138.6% 569.1% 1,140.9 1,123.4 918.4 782.3 -68.2 -225.9 69.8% 157.7 -68.2 -225.9 69.8% 353.6 27,844.0 22,702.2 56,072.4 20,874.6 21,159.3 52,791.0 33.4% 7.3% 6.2% 6,969.4 1,542.9 3,281.4 9,766.6 8,136.7 56,072.4 6,476.3 7,825.0 50.8% 37,036.0 30,066.6 52,791.0 4.0% 6.2% 30,730.1 29,187.2 51,404.0 Direct employees (end of period) 41 058 36 800 11.6% 4 258 41 058 36 800 11.6% 36 858 = Cash flow figures underlying, i.e. excluding one-off payments at CIMIC (for legacy project CCPP) and at HOCHTIEF Europe (final payment for legacy Chilean project) 4#5150 YEARS HOCHTIEF Group - P&L We are building the world of tomorrow. A HOCHTIEF • Strong sales performance with an increase of 7% yoy (+11% fx-adj.), driven by all divisions • Robust EBITDA and EBIT margins of 4.5% and 3.3% • Net financial costs 9M increasing yoy due to higher rates environment and fx-effects • Operational net profit up 6% to EUR 403m and nominal net profit up 7% to EUR 381m, corresponding to an increase of >10% when adjusting for fx HOCHTIEF Group (EUR million) 19,124 9M 2022 9M 2023 9M 2022 A % 9M Q3 2023 Q3 2022 A % Q3 FY 2022 Sales (EURM) +7% +11% fx-adj. 20,362 9M 2023 Sales EBITDA 20,361.9 907.9 19,123.6 6.5% 7,346.3 863.3 5.2% 309.3 7,179.2 308.0 2.3% 26,219.3 0.4% 1,184.5 EBITDA margin 4.5% 4.5% Obp 4.2% 4.3% -10bp 4.5% Operational PBT (EURM) 546 572 +5% +9% fx-adj. Depreciation and amortization -226.3 -245.6 -82.1 -94.9 -343.8 EBIT 681.6 617.7 10.3% 227.2 213.1 6.6% 840.7 EBIT margin 3.3% 3.2% 10bp 3.1% 3.0% 10bp 3.2% 9M 2022 9M 2023 Net interest income and other financial result -105.1 -66.9 -28.6 -33.6 -112.7 Net non-operating expenses adjustment -40.5 -48.6 -34.4 -17.8 -50.8 Profit before tax / PBT 536.0 502.2 6.7% 164.2 161.7 1.5% 677.2 PBT margin 2.6% 2.6% Obp 2.2% 2.3% -10bp 2.6% Operational net profit (EURm) 381 +6% 403 Taxes -138.8 -130.9 -37.5 -42.0 -162.2 +11% Tax rate (taxes / PBT in %) 25.9 26.1 22.8 26.0 24.0 fx-adj. Profit after tax - total 397.2 371.3 126.7 119.7 515.0 Minority interest -16.3 -15.9 -7.7 -4.7 -33.2 Nominal net profit 380.9 355.4 7.2% 119.0 115.0 3.5% 481.8 9M 9M Nominal net profit margin 1.9% 1.9% Obp 1.6% 1.6% Obp 1.8% 2022 2023 Operational net profit 403.1 380.7 5.9% 133.1 131.3 1.4% 521.5 Operational net profit margin 2.0% 2.0% Obp 1.8% 1.8% Obp 2.0% LO 5#6150 YEARS HOCHTIEF Group - Cash flow performance* We are building the world of tomorrow. A HOCHTIEF • Very strong Q3 2023 cash flow from operating activities pre-factoring* of EUR 194m, up EUR 135m yoy • - Strong 9M 2023 cash flow* of 208m up EUR 87m yoy This reflects characteristic seasonality and strong sales growth Adjusting for seasonality, cash inflow of approx. EUR 1.3bn LTM highlights sustained high level of cash conversion Net operating capex increase driven by job-costed tunneling equipment and the initial, one-off development capex for a major renewable project at CIMIC • Free cash flow from operating activities pre-factoring* of EUR 140m in Q3 2023, up EUR 127m yoy Cash flow from operating activities pre- factoring* (EURM) 59 194 +135m Q3 2022 Q3 2023 (EUR million) Cash flow from operating activities * 216.1 149.3 66.8 73.5 -4.7 78.2 9M 2023 9M Δ Q3 Q3 2022 9M 2023 2022 Δ Q3 LTM 9M 2023 FY 2022 Cash flow from operating activities pre- factoring* (EURM) 208 Variation in factoring 1) 7.8 27.6 -19.8 -120.6 -63.4 -57.2 1,354 56 1,287 Cash flow from operating activities pre-factoring * 208.3 121.7 86.6 194.1 58.7 135.4 1,298 76 1,212 +87m 122 Gross operating capital expenditure -169.0 -119.3 -49.7 -53.3 -51.3 -2.0 -237 Operating assets disposals 11.6 11.2 0.4 -0.9 6.0 -6.9 24 Net operating capital expenditure -157.4 -108.1 -49.3 -54.2 -45.3 -8.9 -213 -188 24 -164 Free cash flow from operating activities * Free cash flow from operating activities pre-factoring * 58.7 50.9 41.2 17.5 19.3 -50.0 69.3 1,141 1,123 9M 2022 9M 2023 13.6 37.3 139.9 13.4 126.5 1,085 1,048 = Cash flow figures underlying, i.e. excluding one-off payments at CIMIC (for legacy project CCPP) and at HOCHTIEF Europe (final payment for legacy Chilean project) O#7We are building the world of tomorrow. HOCHTIEF 150 YEARS HOCHTIEF Group - Net cash development ⚫ HOCHTIEF ended 9M 2023 with a net debt position of EUR 68m, which is up by EUR 158m yoy, or up EUR 478m on an underlying basis. This is driven by a strong 9M 2023 free cash flow pre-factoring* of EUR 918. Non-underlying effects are: HOCHTIEF's dividend payment of EUR 301m in July 2023, EUR 20m non-operational effects, incl. • - CCPP payments (EUR -184m) - 7.4% stake in Ventia (EUR +109m) Variation in factoring (EUR +56m) S&P investment grade credit rating of BBB- stable, reaffirmed in June 2023 Net cash (+) net debt (-) period end (EUR million) Net cash 9M 2023 yoy 918 EURM 9M 2023 9M A H1 Q1 2022 yoy 2023 2023 FY 2022 HOCHTIEF Group -68 -226 158 346 -390 354 HOCHTIEF Americas 1,884 1,623 262 1,641 1,216 1,909 HOCHTIEF Asia Pacific -599 -464 -135 -227 -463 -492 HOCHTIEF Europe 619 600 18 634 678 749 Corp. HQ & consolidation -1,972 -1,985 13 -1,701 -1,821 -1,813 -164 EUR +478m yoy 276 252 -301 -20 -68 -226 Net cash 9M 2022 Free cash flow pre- factoring* Debt Fx, Net cash lease repay- ment others 9M 2023 pre non- ops. HOT dividend Non-op. effects Net cash 9M 2023 payment = Cash flow figures underlying, i.e. excluding one-off payments at CIMIC (for legacy project CCPP) and at HOCHTIEF Europe (final payment for legacy Chilean project) 7#8150 YEARS We are building the world of tomorrow. HOCHTIEF HOCHTIEF Group - Order backlog and new orders • HOCHTIEF Group - - Very strong new orders of EUR 27.8bn in 9M 2023, up almost EUR 7bn yoy (+39% fx-adj); 1.2x work done LTM Expansion driven by strategic focus on high-growth markets, which accounted for over 50% of new orders The vast majority of new orders is of lower risk nature Order backlog of EUR 56.1bn, up EUR 3.3bn or +14% fx-adj. yoy; order backlog visibility 22 months Proportion of lower-risk order book has significantly increased over the last five years to approx. 85% • HT Americas - Order backlog EUR 31.1bn, +17% fx-adj.; New orders EUR 16.5bn in 9M 2023 (+47% yoy fx-adj.); 1.3x work done LTM • HT Asia Pacific - EUR 19.4bn order backlog, +7% yoy fx-adj.; New orders of EUR 8.6bn, +14% yoy fx-adj., 1.0x work done LTM • HT Europe - Order backlog of EUR 5.6bn (+29% yoy); New orders of EUR 2.6bn in 9M 2023, equivalent to 1.7x work done LTM Order backlog (EUR bn) New orders (EUR bn) 52.8 +6% nom. / +14% Fx-adj. % of +9% nom./+10% Fx-adj. total 56.1 51.4 100% +33% nom./+39% fx-adj. Book-to-Bill- Ratio LTM 27.8 9M 2023 1.2 19.4 35% 8.6 19.6 19.4 HT Group 20.9 1.0 2.6 5.6 10% HT Asia Pacific 8.2 4.3 4.2 1.1 HT Europe 31.1 55% 16.5 28.8 27.8 11.5 HT Americas 9M 2022 FY 2022 9M 2023 9M 9M 2022 2023 1.7 1.3 8#9150 YEARS We are building the world of tomorrow. HOCHTIEF HOCHTIEF Group - Selected recent significant project announcements Green Line Light Rail Transit project, Flatiron (09/2023) JV, development contract for a 18km light rail transit system in Calgary, Canada University of Pittsburgh, Turner (08/2023) new building including laboratory and office space together with cleanrooms for cell and gene therapy research, Pennsylvania, USA One and Two UN Plaza buildings, Turner (08/2023) modernization and renovation of existing buildings from 1975 resp. 1983, New York City, USA Orlando Health Wiregrass Ranch Hospital, Turner (09/2023) five-story hospital with 136 inpatient beds including emergency department, cardiac diagnostics, surgical suites, Wesley Chapel, Florida, USA Offutt Air Base, USD 389m, Turner (08/2023) construction of two buildings with a focus on flood protection, Nebraska, USA EV Battery production, Turner (02/2023) JV, manufacturing facility and support buildings for Panasonic Energy's USD 4bn investment program, Kansas, USA Data Centers, USD 1.9bn, Turner 5G (9M 2023), ten large-scale data center projects in several US states 5G Data Center, HOCHTIEF (09/2023) as part of a campus eventually comprising four separate data centers with 60MW capacity, Warsaw, Poland CopperString 2032, UGL& CPB Contractors (06/2023) early works package, preferred contractor for delivery phase, North Queensland, Australia Fast-charging networks for electric cars, HOCHTIEF (09/2023) JV, contract to finance, plan, build and operate a regional EV fast- charging network, Germany Expansion of the Western Downs Battery project, UGL (07/2023) BESS scope increased to 270 MW / 540 MWh, Queensland, Australia Institute for Federal Real Estate, HOCHTIEF (06/2023) major PPP project; redevelop, operate and maintain a public admin office in a sustainable manner for a 30-year period, Berlin, Germany Lithium and energy contracts, UGL, AUD >600m (08/2023) several contracts with energy and minerals processing clients in Western Australia Defence Department's Woomera redevelopment program, CPB Contractors (10/2023) JV, design development activities for upgrades to buildings, services and infrastructure; expected to be followed by a AUD 500- 750m delivery phase, South Australia Suburban Rail Loop East project, CPB Contractors (09/2023) preferred bidder to deliver the first major tunneling package as part of a consortium, Victoria, Australia PT Halmahera Sukses Mineral, AUD 240m, Thiess (08/2023) contract to deliver world-class nickel mining solutions, Central Halmahera, Indonesia 300 MWdc Hopeland Solar Farm, Pacific Partnerships (08/2023) development rights for second large-scale solar project to be owned and developed, 290km west of Brisbane, Australia Defence Department's fuel network, AUD 500m over six years, UGL (08/2023) contract to provide strategic advice, planning, supply management, operations/maintenance across Australia New Bundaberg Hospital, AUD 1.2bn, CPB Contractors (08/2023) design, construction of a hospital for acute, medical, surgical & mental health services, Queensland, Australia Energy transition Digital infrastructure 5G New sustainable mobility Social infrastructure Reshoring Sustainable Infrastructure 9#10150 YEARS We are building the world of tomorrow. HOCHTIEF HOCHTIEF Group - Investment in a fast-charging network for electric vehicles (Deutschlandnetz, September 2023, HOCHTIEF Europe) • • • HOCHTIEF and its JV partner EWE Go, a mobility company owned by utility company EWE, have been awarded with a contract to finance, plan, build and operate a fast-charging network for electric vehicles by the German Federal Ministry of Transport As part of the so-called federal government's Deutschlandnetz tender, which targets a Germany-wide near-term roll-out of fast-charging points, the JV has secured 2 regional lots in the West and North-West region HOCHTIEF and EWE Go will install a total of 852 charging points at 96 locations (see map). Each station will have 4 to 16 charging points each which the JV will build and operate for the long-term Total capex amounts to around EUR 250m including a substantial double-digit equity investment • The investment reflects the group's strategy to invest equity in high-tech growth sectors where we can apply the financing, project management and O&M capabilities built up over many years in the PPP business . Similar models are expected in various other European countries to meet the increasing demand for EV chargers arden Groningen SCHLESWIG- HOLSTEIN Lübeck Schwerin Bremerhaven Hamburg Oldenburg Bremen Assen ANDS LOWER SAXONY Zwolle Enschede shem Hanover Osnabruck Bielefeld Münster OATH RHINE Bochum Duisburg Krefeld Wuppertal Dusedort Cologne Siegen cht Aachen Bonn Koblenz Paderborn HLESSE Wolfsburg Braunschweig Magdeburg SAXONY ANI Gotange Y Halle C Kassel Erfurt Jena 10#11We are building the world of tomorrow. A HOCHTIEF 150 YEARS HOCHTIEF Americas - 9M 2023 results Results/Cash Essentials • Solid sales growth of 7% fx-adjusted (in both 9M and Q3 2023) • Higher profit margins driven by Turner's successful strategy to focus on high-tech infrastructure opportunities Increased op. PBT of EUR 295m (+11% yoy) and op. net profit of EUR 212m (+12% yoy) • Outstanding cash flow from op. activities pre-factoring of EUR 206m in 9M 2023 (EUR +186m yoy) reflects very strong • cash performance ytd with very strong Q3 (EUR +150m yoy) Strong net cash position of EUR 1.9bn increased by EUR 262m yoy and EUR 244m qoq (EUR million) Total sales/divisional sales Operational profit before tax/PBT Operational PBT margin in % Operational net profit EBITDA EBIT Nominal profit before tax/PBT Nominal net profit New orders Work done Order backlog Orders • Very strong New orders yoy of EUR 16.5bn, up EUR 5.0 bn yoy, or +47% fx-adj, driven by high-tech infrastructure project wins; 1.3x work done LTM Order backlog of EUR 31.1bn +17% fx-adj. yoy achieved another new record high Outlook HOCHTIEF Americas 2023 Guidance FY 2023: Op. PBT of EUR 380-420m Financials 9M 2023 13,352.3 294.6 2.2 9M 2022 12,790.0 264.6 9M change yoy 4.4% Q3 2023 4,838.3 Q3 2022 4,849.2 Q3 change yoy -0.2% FY 2022 17,460.0 11.3% 88.6 84.0 5.5% 370.6 2.1 0.1 1.8 1.7 0.1 2.1 211.7 188.9 12.1% 69.7 62.0 12.4% 275.4 375.4 341.3 10.0% 121.6 114.4 6.3% 461.9 310.9 277.3 12.1% 99.5 92.0 8.2% 376.4 284.3 251.8 12.9% 85.4 81.8 4.4% 350.9 203.7 179.8 13.3% 66.8 60.5 10.4% 260.3 Cash flow from operating activities 292.5 18.1 274.4 271.0 130.9 140.1 737.4 Cash flow from operating activities pre-factoring 205.8 20.3 185.5 282.2 132.4 149.8 724.0 Gross operating capital expenditure 17.8 31.9 -14.1 7.9 13.9 -6.0 45.4 Net cash/net debt 1,884.3 1,622.8 261.5 1,884.3 1,622.8 261.5 1,908.9 16,473.6 13,319.0 31,112.3 11,492.0 12,813.2 28,825.4 43.3% 3.9% 7.9% 5,607.8 4,778.2 31,112.3 3,306.9 69.6% 17,618.3 4,855.7 -1.6% 17,443.4 28,825.4 7.9% 27,775.7 Employees (end of period) 12 679 12 062 5.1% 12 679 12 062 5.1% 12 151 11#12150 YEARS We are building the world of tomorrow. HOCHTIEF HOCHTIEF Asia Pacific, CIMIC (in AUD) - 9M 2023 results Essentials Financials Results/Cash Revenue up 20.8% to AUD 9.6bn reflecting a strong order book across all segments • Solid NPAT of AUD 312m, up 4% yoy; yoy margin variations continue to be impacted by project mix (incl. higher revenue from Westgate tunnel) and higher net financial costs • Operating cash flow pre-factoring of AUD 68m in 9M 2023. Q3 reflects typical seasonality of the business; stronger Q4 expected in line with historical trends Increase in gross capex due to job-costed tunneling equipment and the initial, one-off development capex for a major renewable project • Net debt 551m vs. comparable AUD 442m at Dec 2022. Net cash incl. final CCPP payment of AUD 300m, partial sell-down of Ventia (AUD 513m), remaining Ventia shares (AUD 177m) Sedgman acquired Novopro, a Canadian engineering & metallurgical company, expanding capabilities across lithium, potash, salt magnesium and soda ash Orders • Work in hand of AUD 31.7bn vs. AUD 30.4bn at Dec 2022 • New work of AUD 14.2bn awarded, up 14% yoy Outlook CIMIC 2023 Guidance FY 2023: Operational net profit of AUD 400-450m (AUD m) Revenue EBITDA EBITDA margin D&A EBIT EBIT margin Net finance costs Profit before tax PBT margin Income tax 9M 2023 9M 2022 A % 9,637.6 7,975.1 20.8% 748.6 718.1 4.2% 7.8% 9.0% -1.2pp -214.7 -222.5 3.5% 533.9 495.6 7.7% 5.5% 6.2% -0.7pp -140.6 -106.0 -32.6% 393.3 389.6 0.9% 4.1% 4.9% -0.8pp -79.0 -87.2 9.4% Effective tax rate 20.1% 22.4% Non-controlling interests -2.6 -2.1 NPAT 311.7 300.3 3.8% NPAT margin 3.2% 3.8% -0.6pp 9M 2023 9M 2022¹ underlying underlying Operating cash flow pre-factoring 67.8 327.8 Variation in factoring -128.6 44.8 Operating cash flow -60.8 372.6 Interest, finance costs and taxes -97.4 -133.2 -158.2 239.4 -212.5 -108.4 9.7 7.0 -202.8 -101.4 Free operating cash flow -361.0 138.0 Free operating cash flow pre-factoring -232.4 93.2 FY 2022 9M 2023 -551.1 restated -441.9 (AUD m) Net operating cash flow Gross capital expenditure Gross capital proceeds Net capital expenditure (AUD m) Net cash/(debt)2 (AUD m) Construction Services Investments³ Total work in hand 9M 2022 FY 2022 9M 2023 Ventia @ 0% Ventia @ 0% 16,752.0 16,207.0 15,870.0 10,242.0 9,603.0 9,631.0 4,707.0 3,809.0 4,925.0 31,701.0 29,619.0 30,426.0 1 Underlying cash flow figures for 9M 2023 mainly excludes the CCPP settlement payment of AUD 300m (March 2023); 9M2022 underlying operating cash flow excludes the CCPP settlement payment of AUD 192.5m (April 2022) 2 Net (debt)/cash includes adjustments to align with HOT definition (mainly intercompany receivables due from HTAHL and CIM tax receivables) as well as Ventia's reclassification as "marketable security" as the post IPO escrow period for CIM's shareholding in Ventia expired in Feb 2023. 3 Investments WIH includes WIH from CIMIC's share of investments at their ownership %, including Thiess 12#13150 YEARS We are building the world of tomorrow. HOCHTIEF Europe - 9M 2023 results Results/Cash Essentials • Sales of EUR 1bn increased by 8% yoy • Op. PBT of EUR 44m in 9m 2023, with solid margin. Op. Net profit up 3% yoy • Cash flow from op. activities performance with EUR 71m yoy improvement in 9M 2023 driven by strong EUR 42m in Q3 2023 (EUR +52m yoy) • Solid net cash position of EUR 619m • Real estate net assets <EUR 100m Orders . On-going strength in new orders with EUR 2.6bn in 9m 2023 up EUR 1.6bn yoy. New orders equivalent to 1.7x work done LTM • Order backlog at EUR 5.6bn increased by 29% yoy Outlook HOCHTIEF Europe 2023 Guidance FY 2023: Operational PBT of EUR 55-65m Financials A HOCHTIEF (EUR million) Total sales/divisional sales 9M 9M 9M Q3 Q3 Q3 2023 2022 change yoy 2023 2022 change yoy FY 2022 1,001.4 926.6 8.1% 339.1 322.8 5.0% 1,270.8 Operational profit before tax/PBT Operational PBT margin in % 43.5 42.9 1.4% 15.5 15.9 -2.5% 63.4 4.3 4.6 -0.3 4.6 4.9 -0.3 5.0 Operational net profit 33.3 32.4 2.8% 11.8 11.4 3.5% 48.8 EBITDA 67.6 76.8 -12.0% 27.9 32.7 -14.7% 103.0 EBIT 39.8 45.8 -13.1% 18.6 22.5 -17.3% 62.8 Nominal Profit before tax / PBT Nominal Net profit 33.5 32.0 4.7% 12.5 12.2 2.5% 47.4 23.3 21.0 11.0% 8.8 7.5 17.3% 34.4 Cash flow from operating activities* -40.5 -111.1 70.6 42.4 -9.5 51.9 28.1 Gross operating capital expenditure 7.9 5.2 2.7 2.4 1.5 0.9 8.9 Net cash/net debt New orders Work done 618.6 600.4 18.2 618.6 600.4 18.2 749.4 2,646.5 1,322.6 1,067.5 1,222.0 147.9% 8.2% 785.3 616.5 27.4% 1,483.6 461.5 437.0 5.6% 1,733.0 Order backlog Employees (end of period) of which Germany Note: Operational profits are adjusted for non-operational effects 5,559.1 4,319.1 28.7% 5,559.1 4,319.1 28.7% 4,240.1 4 821 4 722 2.1% 4 821 4 722 2.1% 4741 3 087 3 058 0.9% 3 087 3 058 0.9% 3 065 * Excluding the extraordinary payments for the final settlement for the legacy Chilean project 13#14150 YEARS Abertis 9M 2023 results - We are building the world of tomorrow. HOCHTIEF Essentials • Average daily traffic (ADT) up +3% yoy: France (total ADT +3%), Spain (+1%), Italy (+4%), Brazil (+4%), Chile (-3%), Mexico (+3%) and USA (+4%) • Operating revenues up 11% and EBITDA up 12% yoy, with average tariff increase of 8.0% • • • • Net profit pre-PPA amounts to EUR 618m, up 22% yoy Abertis profit contribution to HOCHTIEF (20% stake) after PPA amounts to EUR 68m (EUR +15m yoy) Dividend of EUR 602m (HOCHTIEF share EUR 119m) paid in Q2 2023 On 17 October, Abertis announced that it has won a large highway privatization process in Puerto Rico with its USD 2.85bn bid. The 40-year concession adds 192km of toll roads accounting for >60% of the island's traffic • In addition, Abertis will acquire a 56.8% stake in the SH-288 concession (expiry 2067) in Houston, USA, for USD 1.53bn from ACS Group • Abertis' shareholders will contribute EUR 1.3bn to support the financing of these transactions; S&P has confirmed its investment grade rating post transaction announcement Outlook Abertis Investment 2023 Guidance FY 2023: We expect our Abertis Investment to make a similar contribution to operational net profit in 2023 compared to 2022 (EUR million) Abertis - Key figures (100%) 9M 9M 9M Q3 Q3 Q3 FY 2023 2022 change 2023 2022 change 2022 yoy yoy Operating revenues comparable" 618 506 4,199 3,800 11% 1,482 11% 2,940 2,615 12% 1,026 11% 22% 1,373 8% 5,102 918 12% 3,536 221 221 0% 668 EBITDA Comparable EBITDA" Abertis net profit pre-PPA 1) Comparable variations consider constant portfolio, fx rates and other non-comparable effects Abertis Investment - contribution to HOCHTIEF (EUR million) Nominal result¹) Operational result²) Abertis dividend received 9M 9M H1 Q3 Q3 Q3 FY 2023 2022 change 2023 2022 change 2022 yoy yoy 67.8 53.1 14.7 25.6 27.5 -1.9 66.7 67.8 53.1 14.7 25.6 27.5 -1.9 66.7 118.7 118.7 0.0 0.0 118.7 1) Nominal result included in EBITDA, PBT and Net Profit 2) Operational result included in operational PBT and Net Profit 14#15150 YEARS We are building the world of tomorrow. HOCHTIEF Abertis - Update on shareholder agreement, strategy and capital increase In July 2023, HOCHTIEF/ACS and Mundys (formerly Atlantia) reached a new strategic collaboration agreement for Abertis with the objective of strengthening Abertis' global leadership in transport infrastructure concessions All partners are committed to promoting an investment plan to expand the portfolio of assets under management and promote Abertis' growth and value creation while maintaining an optimal capital structure in line with the requirements of credit rating agencies The agreement also includes a new governance scheme whereby the partners will appoint twelve board members in equal shares, as well as the appointment of the chief executives. Thus, Mundys will continue to appoint the CEO and the Secretary of the Board, while HOCHTIEF/ACS will appoint the Chairman and the CFO. These changes will not imply any modification in the consolidation method of Abertis, so that Mundys will continue to consolidate Abertis globally in its financial statements, while HOCHTIEF/ACS will continue to account for its investment as an equity investment As part of the agreement, the ACS Group agreed to transfer a 56% interest in the SH-288 highway in Houston to Abertis On 17 October 2023, Abertis announced that it has won a tender in Puerto Rico for four toll roads with its USD 2.85bn bid. In addition, the acquisition of a 56.76% stake in the SH-288 managed lanes project in Houston (Texas, USA) for USD 1.53bn was finalized. These transactions are aligned with Abertis' long-term strategy of owning, operating and acquiring high-quality, strategic toll roads that continue to extend the Group's concession-based cash flows. Furthermore, these transactions reinforce Abertis' core exposure to hard currencies while leveraging its existing presence in the US. Both concessions contribute to cash flow generation from inception given existing high levels of traffic and high EBITDA margins. The shareholders will contribute EUR 1.3bn to support the financing of these transactions. Abertis will thereby maintain an optimal capital structure in accordance with Abertis' commitment to maintain its credit rating. 15#16150 YEARS Corporate Strategy We are building the world of tomorrow. A HOCHTIEF • • Group objectives Sustainable cash-backed profits Attractive shareholder remuneration Value creation for all stakeholders Key elements of Strategy Consolidate core market positions and develop presence in the structural growth areas of high-tech, energy transition and sustainable infrastructure • Harness strong existing infrastructure know-how and local presence in key developed markets Capture growth opportunities by establishing a strong presence in the value chain of these high-growth industries Reduce group risk profile and optimise project delivery Further increase proportion of risk-sharing contracts; enhance growth of low-risk Turner business Focus on cash generation and maintaining a strong, de- risked balance sheet Maintain Investment grade rating Capital allocation to support diversification, simplification, growth and high-tech infra expertise: . Strategic M&A and bolt-on acquisitions • Equity investments • Shareholder remuneration ✓ ESG implementation 16#17150 YEARS We are building the world of tomorrow. HOCHTIEF Reaffirming existing strengths whilst expanding high-tech infrastructure presence Further develop HOCHTIEF's presence in the value chain of rapidly expanding high-tech infrastructure and secular growth markets 5G • • . Energy transition Renewables Batteries Hydrogen Transmission infrastructure • Digital infrastructure Data Centers 5G roll-out Semiconductors New sustainable mobility Social infrastructure Biopharma Healthcare transport networks . Education ⚫ Light rail/Metro • Inter-modal Smart cities Electric vehicles Sustainable Reshoring infrastructure • Relocation of infrastructure for manufacturing • Green Buildings • • Retrofitting Water Enhance existing businesses & further leverage leading position in PPP's market Focus maintained on the strong local competitive positions in core developed markets PPP opportunities upside potential due to sizable multi-year investment requirements and full lifecycle expertise Supported by systems, engineering, and logistics as well as financial expertise Systems Engineering • Innovation including emerging technologies, visually dynamic platforms and systems integration. - Proprietary new technologies, developed in-house, improving delivery and lifecycle performance on more sustainable projects • Strong technical expertise in engineering capabilities across the group a key competitive advantage Financial expertise Logistics • Applying logistics know-how to transform traditional supply chain processes • Financial and project management expertise across the group 17#18150 YEARS We are building the world of tomorrow. HOCHTIEF HOCHTIEF Group - Capital allocation & Guidance Capital allocation Op. net profit guidance 2023 (EURM) ✓ Shareholder remuneration 522 510-550 FY 2022 dividend of EUR 4.00/share approved at AGM and paid in Q3, unchanged 65% payout ratio (EUR 300m) Shareholder remuneration remains a priority Active evaluation of capital allocation opportunities to support diversification, simplification, growth and high-tech expertise Strategic M&A and bolt-on acquisitions Equity investments FY 2022 FY 2023 Dividend per share (EUR) 4.00 Organic growth opportunities ✓ Growth in high-tech, energy transition and sustainable infrastructure Robust demand in areas where HOCHTIEF is a leader ✓ Healthcare/Education/Transport infrastructure/etc. ✓ Government stimulus programs further supporting demand ✓ Significant PPP opportunities 1.91 Guidance 2023 Operational net profit EUR 510-550m ✓ 2021 2022 18#19150 YEARS We are building the world of tomorrow. HOCHTIEF HOCHTIEF Group - Accelerating ESG drive • • Significant progress in implementation of ambitious Sustainability Plan 2025 (60+ commitments / goals) HOCHTIEF received the highest sustainability score worldwide in the "Construction & Engineering" sector of the Dow Jones Sustainability World Index (DJSI). ESG Activity Report (Publication 23 Feb. 2023) on HOCHTEF ESG strategy and achievements Recent ESG developments at HOCHTIEF: E- Environmental: PER SPEC VES • Paris Climate Agreement targets (2050) will be reached 5 years ahead of schedule Climate neutral targets (scope 1 and 2 in 2038, scope 3 in 2045) • 92% of revenue EU Taxonomy eligible In 2022, HOCHTIEF handled certified green buildings & green infrastructure projects for a total of EUR 11.8bn (2021: EUR 9.7bn). Turner once again named Top Green Contractor in the U.S., CIIMIC won 7 Awards, incl. "2022 Excellence in Social Outcomes Award" for innovative training initiatives Position Papers Water Protection and Biodiversity & Ecosystems published S - Social: Goal to increase proportion of women in senior management and technical trainee positions Accident-free project delivery targeted; further reduction of accident rate (LTIFR 2022: 1.30 vs. 1.54 ((2021) G-Governance: • • • Group wide Sustainability Committee established ESG component for the variable compensation of the Executive Board ESG criteria also key for financial decisions Subcontractors, suppliers and service providers required to comply with our high standards in our Code of Conduct Group wide activities to foster Diversity and working conditions; Turner recognized as America's Best Place to Work and Greatest Workplace for Diversity. HOCHTIEF is one of the world's leading infrastructure groups in terms of ESG Sustainability is one of our guiding principles and a cornerstone of our strategy • • Group again received several high ESG ratings from Sustainalytics, MSCI or EcoVadis Long-standing support of United Nations initiatives and standards AHOCHTIEF building the wo Member of Dow Jones Sustainability Indices Powered by the S&P Global CSA MSCI ESG RATINGS AA CCC B BB BBB AA AAA CDP DRIVING SUSTAINABLE ECONOMIES Sustainability Award Bronze Class 2021 S&P Global SUSTAINALYTICS a Morningstar company ESG INDUSTRY TOP RATED GOLD 2021 ecovadis Sustainability Rating 2021 19#20150 YEARS Appendix: 9M 2023 M80, Sydney to Edgars, Australia We are building the world of tomorrow. A HOCHTIEF M31 HUME FWY Seymour Sydney M80 Melb Airport TO M1 Geelong 20 20 OCPBContractors#21150 YEARS HOCHTIEF Group - overview We are building the world of tomorrow. A HOCHTIEF HOCHTIEF Group (EUR million) Orders (nominal) 9M 2023 9M 2022 9M AM Q3 2023 Q3 2022 48 Q3 FY 2022 HOCHTIEF Group 9M 9M བ 2023 2022 9M Q3 2023 Q3 2022 Q3 FY 2022 (EUR million) New orders 27,844.0 HOCHTIEF Americas HOCHTIEF Asia Pacific 16,473.6 8,608.0 HOCHTIEF Europe 2,646.5 20,874.6 11,492.0 8,199.2 1,067.5 33.4% 43.3% 5.0% 147.9% 9,766.6 5,607.8 3,333.7 6,476.3 3,306.9 2,511.7 50.8% 69.6% 32.7% 30,066.6 P&L-key figures (operational) Profit before tax (operational) 571.7 546.1 4.7% 179.5 178.4 0.6% 733.1 17,618.3 10,775.3 PBT-margin on sales (operational) 2.8 2.9 -0.1 2.4. 2.5 -0.1 2.8 HQ/Consolidation 115.9 115.9 0.0% 785.3 39.8 616.5 27.4% 1,483.6 41.2 -3.4% 189.4 Net profit (operational) 403.1 380.7 5.9% 133.1 131.3 1.4% 521.5 Work done 22,702.2 21,159.3 7.3% HOCHTIEF Americas 13,319.0. 12,813.2 3.9% HOCHTIEF Asia Pacific 7,944.2 7,008.3 13.4% 8,136.7 4,778.2 2,857.4 7,825.0 4.0% 4,855.7 2,491.2. 1.6% 14.7% 29,187.2 17,443.4 Cash & Capex 9,821.7 Cash flow from operating activities 216.1 149.3 44.7% 73.5 -4.7 1,663.8% 1,287.4 HOCHTIEF Europe HQ/Consolidation 1,322.6 116.4 1,222.0 115.8 8.2% 0.5% 461.5 437.0 39.6 41.1 Order backlog (yoy) HOCHTIEF Americas HOCHTIEF Asia Pacific. 56,072.4 31,112.3 19,401.6 52,791.0 6.2% 28,825.4 19,646.6 7.9% -1.2% HOCHTIEF Europe 5,559.1 HQ/Consolidation -0.6 4,319.1 -0.1 28.7% -500.0% 56,072.4 31,112.3. 19,401.6 5,559.1 -0.6 52,791.0 28,825.4 19,646.6 4,319.1 -0.1 5.6% -3.6% 6.2% 7.9% -1.2% 28.7% -500.0% 1,733.0 HOCHTIEF Americas 292.5 18.1 1,516.0% 271.0 130.9 107.0% 737.4 189.1 HOCHTIEF Asia Pacific -162.4 103.1 -257.5% -262.1 -135.7 -93.1% 359.4 HOCHTIEF Europe -40.5 -111.1 63.5% 42.4 -9.5 546.3% 28.1 51,404.0 27,775.7 19,388.3 4.240.1 HQ/Consolidation 126.5 139.2 -9.1% 22.21 9.6 131.3% 162.5 Cash flow from operating activities 208.3 121.7 71.2% 194.1 58.7 230.7% 1,211.8 pre-factoring HOCHTIEF Americas 205.8 20.3 913.8% 282.2 132.4 113.1% 724.0 -0.1 HOCHTIEF Asia Pacific -26.2 194.6 -113.5% -209.4 -76.1 -175.2% 593.3 P&L-key figures (nominal) Sales (nominal) 20,361.9 HOCHTIEF Americas HOCHTIEF Asia Pacific HOCHTIEF Europe 13,352.3 5,892.1 1,001.4 19,123.6 12,790.0 5,292.2 6.5% 4.4% 11.3% 7,346.3 4,838.31 2,129.0 7,179.2 4,849.21 1.967.2 2.3% -0.2% 8.2% 26,219.3 17,460.0 7,299.6 926.6 8.1% 339.1 322.8. 5.0% 1,270.8 HQ/Consolidation 116.1 114.8 1.1% 39.9 40.0 -0.3% 188.9 EBITDA 907.9 863.3 5.2% 309.3 308.0 HOCHTIEF Americas 375.4 341.3 10.0% 121.6 114.4 0.4% 6.3% 1,184.5 461.9 HOCHTIEF Europe HQ/Consolidation Net operating capex HOCHTIEF Americas HOCHTIEF Asia Pacific HOCHTIEF Europe HQ/Consolidation Net cash/net debt -76.6 -121.6 37.0% -1.4 -9.8 85.7% 14.7 126.5 139.2 -9.1% 22.2 9.6 131.3% 162.5 157.4 108.1 45.6% 54.2 45.3 19.6% 164.0 12.6 28.9 -56.4% 7.4 12.4 -40.3% 39.8 127.9 74.3 72.1% 43.2 33.9 27.4% 116.6 7.4 1.9 289.5% 2.4 -1.5 260.0% 2.7 9.5 3.0 216.7% 1.2 0.5 140.0% 4.9 -68.2 -225.9 69.8% -68.2 -225.9 69.8% 353.6 HOCHTIEF Asia Pacific 461.3 469.2 -1.7% 152.0 165.4 -8.1% 641.0 HOCHTIEF Americas 1,884.3 1,622.8 16.1% 1,884.3 1,622.8 16.1% 1,908.9 HOCHTIEF Europe 67.6 HQ/Consolidation 3.6 76.8 -24.0 -12.0% 27.9 32.7 -14.7% 103.0 HOCHTIEF Asia Pacific -598.9 -464.1 -29.0% -598.9 -464.1 -29.0% -491.7 115.0% 7.8 -4.5 273.3% -21.4 HOCHTIEF Europe 618.6 600.4 3.0% 618.6 600.41 3.0% 749.41 HQ/Consolidation -1,972.2 -1,985.0 0.6% -1,972.2 -1,985.0 0.6% -1.813.0 EBIT 681.6 617.7 10.3% 227.2 213.1 6.6% 840.7 HOCHTIEF Americas 310.9 HOCHTIEF Asia Pacific 329.5 277.3 321.0 12.1% 99.5 92.0 8.2% 376.4 Note: Operational profits are adjusted for non-operational effects 2.6% 102.1 103.6 -1.4% 435.4 HOCHTIEF Europe 39.8 HQ/Consolidation 1.4 45.8 -26.4 -13.1% 18.6 22.5 -17.3% 62.8 105.3% 7.0 -5.0 240.0% -33.9 Profit before tax (nominal) 536.0 502.2 6.7% 164.2 161.7 1.5% 677.2 HOCHTIEF Americas 284.3 251.8 12.9% 85.4 81.8 4,4% 350.9 HOCHTIEF Asia Pacific: 178.2 200.1 -10.9% 50.8 60.0 -15.3% 261.7 HOCHTIEF Europe 33.5 32.0 4.7% 12.5 12.2 2.5% 47.4 HQ/Consolidation 40.0 18.3 118.6% 15.5 7.7 101.3% 17.2 PBT-margin on sales (nominal) 2.6 2.6 0.0 2.2 2.3 -0.1 2.6 HOCHTIEF Americas 2.1 2.0 0.1 1.8. 1.7 0.1 2.0 HOCHTIEF Asia Pacific 3.0 3.81 -0.8 2.4 3.1 -0.7 3.6 HOCHTIEF Europe HQ/Consolidation 3.3 3.5 -0.2 3.7 3.8 -0.1 3.7 34.5 15.9 18.6 38.8 19.3 19.5 9.1 Net profit (nominal) 380.9 355.4 7.2% 119.0 115.0 3.5% 481.8 HOCHTIEF Americas 203.7 179.8 13.3% 66.8 60.5 10.4% 260.3 HOCHTIEF Asia Pacific HOCHTIEF Europe 131.3 140.4 -6.5% 41.4 42.4 -2.4% 186.0 23.3 21.01 11.0% 8.8 7.5 17.3% 34.4 HQ/Consolidation 22.6 14.2 59.2% 2.0 4.6 -56.5% 1.1 Cash flow figures underlying, i.e. excluding one-off payments at CIMIC (for legacy project CCPP) and at HOCHTIEF Europe (final payment for legacy Chilean project) 21#22150 YEARS We are building the world of tomorrow. A HOCHTIEF HOCHTIEF Group - Statement of earnings HOCHTIEF Group 9M 2023 9M 2022 A % 9M FY 2022 • Sales: +7% yoy (fx-adjusted +11%); 97% of sales are international • Materials, personnel costs and other operating income/expenses: growing at a similar rate to sales • Result from equity accounted companies: Slight decrease due to timing effects • Tax rate: On prior year level at 26% (EUR million) Sales Change in inventories Materials Personnel costs 20,361.9 19,123.6 6.5% 26,219.3 -0.8 -15,171.8 16.9 23.5 -14,592.1 -19,921.6 -3,616.5 -3,370.2 -4,469.8 Other operating income / expenses -889.5 -569.4 -954.0 Results from at equity accounted companies 184.1 205.9 236.3 Net non-operating expenses adjustment EBITDA 40.5 48.6 50.8 907.9 863.3 5.2% 1,184.5 Depreciation and amortization -226.3 -245.6 -343.8 EBIT 681.6 617.7 10.3% 840.7 Net interest income and other financial result -105.1 -66.9 -112.7 Net non-operating expenses adjustment Profit before tax / PBT -40.5 -48.6 -50.8 536.0 502.2 6.7% 677.2 Taxes -138.8 -130.9 -162.2 Tax rate (taxes / PBT in %) 25.9 26.1 24.0 Profit after tax- total 397.2 371.3 515.0 Minority interest -16.3 -15.9 -33.2 Consolidated net profit 380.9 355.4 7.2% 481.8 22 22#23150 YEARS We are building the world of tomorrow. A HOCHTIEF HOCHTIEF Group - Balance sheet (assets) Non-current assets: • Other financial assets: Reclassification of the Ventia investment to assets held for sale after expiration of post IPO escrow period and sale of 25% of Ventia shares by CIMIC in 2023 (EUR million) Current assets: • Trade receivables: Operational and seasonal increase • Marketable securities and Cash and cash equivalents: Ongoing strong Group liquidity position of EUR 4.9 billion. Variation ytd reflects mainly dividend payment of HOCHTIEF AG and final CCPP payment at CIMIC • Assets held fore sale: Increase mainly due to Ventia reclassification; sequential reduction following further Ventia stake sale HOCHTIEF Group 9M 2023 FY 2022 A FY Assets 18,710.0 18,299.7 410.3 Non-current assets 5,698.1 6,086.4 -388.3 Intangible assets 1,119.2 1,117.3 1.9 Property, plant and equipment 856.2 869.5 -13.3 Investment properties 31.7 33.0 -1.3 Equity-method investments 2,783.6 2,728.4 55.2 Other financial assets 212.3 611.3 -399.0 Financial receivables 108.9 91.0 17.9 Other receivables and other assets 232.4 252.3 -19.9 Income tax assets 0.1 0.1 0.0 Deferred tax assets 353.7 383.5 -29.8 Current assets 13,011.9 12,213.3 798.6 Inventories 356.3 369.9 -13.6 Financial receivables 143.8 124.6 19.2 Trade receivables and other receivables 7,366.3 6,177.5 1,188.8 Current income tax assets Marketable securities Cash and cash equivalents 121.5 119.4 2.1 639.6 587.8 51.8 4,275.9 4,806.0 -530.1 Assets held for sale 108.5 28.1 80.4 23#24150 YEARS We are building the world of tomorrow. A HOCHTIEF HOCHTIEF Group - Balance sheet (liabilities and equity) Shareholders' equity: Changes in 9M 2023 HOCHTIEF Group 9M FY A 2023 2022 FY (EUR million) • Profit after taxes: • • Fx-effects: Dividends: Other: EUR 397m EUR 79m Liabilities and shareholders' equity 18,710.0 18,299.7 410.3 EUR -346m EUR 65m Σ EUR 195m Shareholders' equity Attributable to the group Minority interest 1,424.2 1,351.7 72.5 1,229.5 194.7 1,133.8 217.9 95.7 -23.2 Non-current liabilities: • Financial liabilities: Net decrease mainly due to reclassification of previously non-current liabilities to current ones Current liabilities: • Other Provisions: Increase driven by reclassification • Financial liabilities: Net increase mainly due to reclassification of non-current promissory note loans to current liabilities and repayment of promissory note loans at HOCHTIEF AG • Trade payables and other liabilities: Operational increase Current liabilities Other provisions Non-current liabilities 5,840.0 6,023.0 -183.0 Provisions for pensions and similar obligations 247.3 258.5 -11.2 Other provisions 381.9 403.6 -21.7 Financial liabilities 4,635.5 4,724.7 -89.2 Lease liabilities 335.5 355.9 -20.4 Trade payables 33.0 27.3 5.7 Other liabilities 103.5 186.3 -82.8 Deferred tax liabilities 103.3 66.7 36.6 11,445.8 11,047.2 398.6 1,017.4 840.2 177.2 Financial liabilities 631.8 503.2 128.6 Lease liabilities 120.1 116.8 3.3 Trade payables and other liabilities 9,543.8 9,458.1 85.7 Current income tax liabilities 132.7 128.9 3.8 24#25150 YEARS We are building the world of tomorrow. HOCHTIEF Group - Statement of cash flows (statutory) A HOCHTIEF HOCHTIEF Group 9M 9M A Q3 2023 2022 9M 2023 Q3 2022 Q3 FY 2022 (EUR million) Profit after tax / PAT 397.2 371.3 25.9 126.7 119.7 7.0 515.0 Depreciation, amortization, impairments and impairment reversals 195.8 246.3 -50.5 72.6 93.7 -21.1 344.0 Changes in provisions 150.2 -90.0 240.2 141.7 -45.0 186.7 -167.0 Changes in deferred taxes 44.3 121.5 -77.2 1.7 -23.9 25.6 47.9 Gains/losses from disposals of non-current assets and marketable securities 5.6 -27.2 32.8 6.7 -25.8 32.5 -28.5 Other non-cash income and expenses and deconsolidations 220.1 -216.6 436.7 51.7 -26.0 77.7 -117.1 Net working capital change -985.5 -491.0 -494.5 -326.2 -207.3 -118.9 465.5 Changes in other balance sheet items. 4.3 Cash flow from operating activities 32.0 -2.7 -88.4 7.0 120.4 -0.1 -0.7 0.6 -9.0 74.8 -115.3 190.1 1,050.8 Intangible assets, property, plant and equipment, and investment properties -157.3 -108.1 -49.2 -54.2 -45.3 -8.9 -163.9 Operational purchases. -169.0 -119.3 -49.7 -53.3 -51.3 -2.0 -187.5 Payments from asset disposals 11.7 11.2 0.5 -0.9 6.0 -6.9 23.6 Acquisitions and participating interests 51.2 -75.4 126.6 16.8 -27.3 44.1 -243.9 Payments for purchases -265.1 -144.9 -120.2 -83.0 -58.8 -24.2 -317.2 Payments from asset disposals / divestments 316.3 69.5 246.8 99.8 31.5 68.3 73.3 Changes in cash and cash equivalents due to changes in the scope of consolidation -2.2 -6.2 4.0 0.0 0.1 -0.1 -15.7 Changes in marketable securities and financial receivables -80.4 -56.0 -24.4 -35.5 14.6 -50.1 -61.1 Cash flow from investing activities -188.7 -245.7 57.0 -72.9 -57.9 -15.0 -484.6 Procceds from capital increase 0.0 406.2 -406.2 0.0 0.0 0.0 406.2 Payments from repurchase / sale of treasury stock 1.9 0.2 1.7 0.0 0.0 0.0 0.2 Payments into equity by non-controlling interests 11.6 0.1 11.5 2.4 0.1 2.3 0.1 Payments for the purchase of additional shares in subsidiaries 0.0 -985.7 985.7 0.0 0.0 0.0 -985.7 Dividends to HOCHTIEFS and non-controlling interests -345.8 -160.6 -185.2 -303.9 -149.2 -154.7 -161.8. Proceeds from new borrowing 1,375.9 1,531.5 -155.6 708.5 74.7 633.8 3,054.9 Other financing activities Debt repayment Repayment of lease liabilities Cash flow from financing activities 0.0 -1,265.4 -121.9 -343.7 Net change in cash and cash equivalents Effects of exchange rates changes Change in cash & cash equivalents Cash and cash equivalents at the start of the year Cash and cash equivalents at year-end -500.4 -29.7 410.2 -530.1 137.7 4,806.0 4,281.6 4,275.9 4,419.3 0.0 -614.8. -115.3 61.6 -272.5 0.0 -650.6 -6.6 -405.3 -227.9 -439.9 -667.8 524.4 -143.4 0.0 -571.1 -41.8 0.0 -34.4 -36.3 0.0 -25.6 -205.9 -204.0 -145.1 -536.7 -5.5 -60.8 -2,297.9 -157.6 -167.2 -318.3 114.3 399.0 75.9 158.0 -82.1 125.4 -128.1 -160.3 4,404.0 4,579.6 4,275.9 4,419.3 32.2 -175.6 -143.4 524.4 4,281.6 4,806.0 25 25#26150 YEARS We are building the world of tomorrow. HOCHTIEF HOCHTIEF Group financing structure 9M 2023 Net cash / Net debt calculation: period end (EUR m) end 9M 2023 end 9M 2022 end FY 2022 • Cash and cash equivalents 4,276 4,419 4,806 Marketable securties (incl. those held for sale) 748 630 588 Financial Receivables 144 148 125 Other financial assets 31 61 63 Financial assets 5,199 5,258 5,581 Bonds or notes issued 3,205 3,320 3,381 Amounts due to banks 2,043 2,136 1,818 Other financial liabilities Financial liabilities Net cash (+) / Net debt (-) 20 29 28 5,267 5,484 5,228 -68 -226 354 Debt Maturity profile (EUR mn): Strong liquidity position of EUR 5.0bn per end 9M 2023 (cash, cash equivalents and marketable securities) Early October 2023, CIMIC very successfully refinanced its AUD 950m and AUD 1bn syndicated RCFS maturing in 09/24 and 07/25 in a combined AUD 2.2bn deal comprising different tranches of RCFS and term-loans with maturities in 09/26 and the majority in 09/28 Other financial liabilities Amounts due to banks 2,000 1.821 1,800 Bonds or notes issued 1,600 1,400 1,115 1.251 1,200 896 1,000 800 603 293 600 318 362 400 706 250 604 200 302 81 0 285 0 0 2 0 60 0 ufn 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 ff. 26#27150 YEARS We are building the world of tomorrow. HOCHTIEF HOCHTIEF Group order backlog risk profile Order backlog by contract type - development 2017 vs. 2023, in EUR bn 44.6 56.1 47.7 29.4 85% 66% 15.2 34% FY 2017 8.4 15% 9M 2023 ■Construction- Management/ Services etc. Construction / PPP etc. HOCHTIEF has reduced the risk profile of its order book substantially over the last five years • The amount of Construction Management, Services and Construction Contracts with lower risk profile* has increased from 66% to 85% of the total Group order book value This is despite the partial divestment of Thiess and the deconsolidation of Ventia • This development reflects the transformation in our approach to construction risk management, aimed at de-risking project work across all divisions • The remaining share of traditional construction / PPP projects of approx. EUR 8.4bn (or 15% of the Group's total order backlog) includes projects that are well advanced and on time / budget * = Alliance style, Cost-plus, collaborative & negotiated work, Unit price, Target cost, etc. 27#28150 YEARS HOCHTIEF Americas We are building the world of tomorrow. HOCHTIEF The Assembly, Pittsburgh, PA, USA 28#29150 YEARS We are building the world of tomorrow. A HOCHTIEF HOCHTIEF Americas Segmental overview Construction Management: • Turner #1 US building construction management company, Market Leader in General Building, Education, Health Care, Commercial Offices and Entertainment / Casinos segments ¹) • Segment-specific expertise and nation-wide network provide competitive advantage • Strong reputation as construction manager provides quality contracts from repeat customers: limited risks, low fixed costs, low capital intensity • 80% private clients, 20% government contracts Order backlog HY 2023 5% 5% 5% 20% 6% 8% 11% 12% 12% Healthcare Commercial/Retail ■Data Center ■Education/R&D ■Transportation ■Sports/Entertainment Public/Justice Hotel/Residential Industrial/Pharmaceutical ■Battery 16% Civil: • Flatiron #9 US transportation infrastructure contractor also ranks high in segments: highways, bridges, mass transit and rail, dams and reservoirs¹), active in Western parts of the US, Texas, North Carolina, Virginia & Canada 1% 3% 13% 47% • Most contracts are public contracts with local governments, municipalities and airport authorities; e.g. several contracts with the California Department of Transportation (Caltrans) and the North Carolina Department of Transportation (NCDOT). 19% 17% 1) Source: latest ENR ranking Highway Transit Airports Water ■Bridges Others 29#30150 YEARS HOCHTIEF Asia Pacific We are building the world of tomorrow. A HOCHTIEF RD ANZER Intelligent Earthworks 30 OCIMIC#31150 YEARS HOCHTIEF Asia Pacific We are building the world of tomorrow. HOCHTIEF Financials 9M 9M 2023 5,892.1 181.2 9M 2022 5,292.2 Q3 Q3 change yoy 11.3% 2023 2,129.0 2022 1,967.2 Q3 change yoy 205.1 -11.7% 53.8 65.0 8.2% -17.2% FY 2022 7,299.6 261.7 3.1 3.9 -0.8 2.5 3.3 -0.8 3.6 133.4 145.4 -8.3% 43.5 47.4 -8.2% 186.0 461.3 469.2 -1.7% 152.0 165.4 -8.1% 641.0 329.5 321.0 2.6% 102.1 103.6 -1.4% 435.4 Nominal profit before tax/PBT 178.2 200.1 -10.9% 50.8 60.0 -15.3% 261.7 Nominal net profit 131.3 140.4 -6.5% 41.4 42.4 -2.4% 186.0 Cash flow from operating activities* -162.4 103.1 -265.5 -262.1 -135.7 -126.4 359.4 Cash flow from operating activities pre-factoring * -83.5 73.3 -156.8 -152.7 -73.8 -78.9 297.2 Gross operating capital expenditure 133.8 78.9 54.9 41.7 35.2 6.5 128.1 Net cash/net debt -598.9 -464.1 -134.8 -598.9 -464.1 -134.8 -491.7 8,608.0 7,944.2 19,401.6 8,199.2 7,008.3 19,646.6 5.0% 3,333.7 2,511.7 32.7% 13.4% -1.2% Employees (end of period) 23 327 19 752 18.1% 2,857.4 19,401.6 23 327 2,491.2 19,646.6 14.7% -1.2% 10,775.3 9,821.7 19,388.3 19 752 18.1% 19 704 Results: • Reflects HOCHTIEF's shareholding in CIMIC (100% since June 2022) as well as financing and holding company costs, including costs related to the acquisition of the CIMIC minorities and the impact of variations in the AUD/EUR exchange rate. • Nominal net profit of EUR 131m • Net debt position of EUR 599m New orders / order backlog: • Strong, diversified order backlog at EUR 19.4bn, equivalent to around 2 years' work done • Strong pipeline of opportunities coming to market Some major projects CIMIC is currently bidding for: CopperString 2032 (formally 2.0), QLD - Hopeland Solar Farm, QLD Mungari Gold Expansion, WA (EUR million) Total sales/divisional sales Operational profit before tax/PBT Operational PBT margin in % Operational net profit EBITDA EBIT New orders Work done Order backlog - Johor Bahru Data Centre, Malaysia - Paradise Dam Improvement Project Alliance, QLD Western Sydney Airport Cargo Handling Facility, NSW - Trunk Road T4 and Associated Works, Hong Kong Hillside Copper & Gold Project, SA * Underlying cash flow figures exclude CIMIC's CCPP one-off payment of EUR 127m in Q2 2022 Outlook CIMIC 2023 Guidance FY 2023: Operational net profit of AUD 400-450m 31#32150 YEARS We are building the world of tomorrow. HOCHTIEF HOCHTIEF Asia Pacific - CIMIC Order backlog (AUD 30.8bn) breakdown HY 2023 By segment: By market: 32% 16% 52% Construction Services JV Investments 14% 86% Domestic International 32 32#33150 YEARS We are building the world of tomorrow. HOCHTIEF Australian major transport infrastructure projects - market opportunities (AUDbn) Value of Work Done by Year (Years Ended June) NSW Projects VIC Projects Perth Metronet Forecasts 26 Canberra Light Rail 24 QLD Projects SA Projects WA Projects ACT Projects Various States New MetroRail Perth EastLink M7 Perth Bunbury flwy Epping.chatswood Ra Lane Cove Ipswich Motorway Clem7 Sinn Hume Sydney Airport Link Clearways Cape Lambert Port Upgrades Gorgon Canberra Light Rail Gateway WA NorthLink WA Roy Hill Rall and Port LNG Port Rall Upgrades Rio Tinto BHP Rail Upgrades Fortescue Rail Lines Legacy Way M80 Ring Rd Peninsula Link NDRRA Wiggins Island Rail Regional Rail Link Vie South West all Syd. M2 &M5 Upgrades Hunter Expressway 2006 2007 2008 2009 2010 2011 2012 2013 Moreton Bay Rail Link Ught Roll 22 20 Inland Rail North-South Comidor Cockdelidenecto Bruce Highway Upgrading Melb. 3rd Runway 18 16 14 Suburban Loop Melbourne Melbourne Airport Railway Link North East Link Melbourne 29 12 10 8 CO mba 20 Range C Sunbury Line Rail Revival VIC Cross River Rail Level Crossings Removal uter Suburban arterial Roa Melbourne Metro Rall West Gate Tunnel City Links Tulla Widening Webb DockExpansion Sydney Metro. Northwest NorthConnex Pacific Highway Upgrade F6 Motorway Airport Sydney W. Syd, Gateway Western Harbour Tunnel Sydney Metro - West Sydney 6 + Sydney Metro -City and Southwest Western Syd. Metro - 2 Western SydneyAirport Sydney Light Rail Western Sydney Roads Princes Hwy Upgrade 0 WestConnex 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Note: This chart includes projects with a value of work done greater than $300 million in any single year Source: Macromonitor, August 2023 Source: Macromonitor 33 33#34150 YEARS HOCHTIEF Europe wwww We are building the world of tomorrow. HOCHTIEF Landeslabor Berlin-Brandenburg, Berlin, Germany 34 === O HOCHTIEF#35150 YEARS General market overview PPP We are building the world of tomorrow. A HOCHTIEF • Australia: the coalition of governments continue to support the National PPP Policy Framework which established that projects valued over AUD 50m should be considered for PPP procurement • Germany: government program of 11 PPP roads (one to two A-Model projects per year) is still confirmed but is progressing with delay. In March 2032 the government reached an agreement on extension and renewal of 144 motorways sections. Very strong pipeline in social infrastructure, mainly on state and community level driven by education, security & administration projects. Significant investment programs in renewable energies (e.g. in solar) are expected; first EV charging tender is awarded; another project is in the final phase • UK: Scotland in particular has good prospects, a new road project is expected to be announced as PPP procurement model. Steady projects are expected in Wales and Ireland, also in the energy sector. First PPP EV charging projects are expected to be launched in the next months. A number of social projects (e.g. student accommodation) can be seen in the pipeline. Ireland announced new social housing PPP bundles coming to market later this year Norway: public roads authority continued with procurement of major road projects through PPPs (12-year National Transport Plan (2018-2029)). Further procurements are now expected • Eastern Europe: there remains a steady flow of individual projects, Czech Republic has recently announced D35 as a next potential project; several social housing projects in Poland are expected to be announced in the coming years Greece: has a number of P3 in procurement, the new government has restarted some road projects e.g. in Crete. Waste and water projects (such as water supply or irrigation network) as well as energy projects are set to come to market in the next months. The social infrastructure sector is also expected to progress significantly with a number of transactions in the coming months PPPs of HOCHTIEF Europe (9M 2023): Total Transportation Total Social infrastructure Total No. of projects Contract volume Total investment in EURM in EURM HT capital required in EURM HT capital provided in EURM 7 25 32 4,367.6 4,367.6 7,583.9 2,403.4 169.8 52.5 158.6 23.5 9,987.4 222.3 182.2 35#36150 YEARS We are building the world of tomorrow. A HOCHTIEF Abertis Investment Red de Carreteras de Occidente (RCO), Mexico 36#37150 YEARS We are building the world of tomorrow. A HOCHTIEF Abertis - SH-288 acquisition (October 2023) • Abertis has agreed to buy a 56.76% stake in the Blueridge Transportation Group (BTG) operating the SH-288 in Houston until March 2068 (45 years) for USD 1.53bn from ACS Group (closing expected before year- end) The SH-288 concession is a high-quality transportation asset comprising 17km of managed lanes capturing the majority of traffic of South Houston. It connects the city of Houston (7th largest metropolitan area in the US with a c7m population) with the Gulf of Mexico and all the industry located in the area along with direct access to the Texas Medical Center, the world's largest medical complex SH-288 managed lanes traffic relies on dynamic tolling where tolls can be adjusted to maintain traffic above the target speed Leverages existing presence in the US and achieve synergies within a solid regulatory framework Key metrics 2023 (pro-forma): Revenues USD 90m and EBITDA USD 66m backed by solid traffic growth (+9% in H1 2023 compared with H2 2022) Hedwig Vilage Clover at Jacinto City Houston US-69 Texas Medical Center + Deer Park Pasadena 4 1-610 Missouri City Land Beltway 8 Fresno ΤΟ Sienna Plantation South Houston SH-288 Managed Toll Lanes SH-288 Maniel Pearland abertis Webste Friendswood League City 0 La Porte Dickinson ACS Ances 56.76% 43.24% SH-288 Texas 37#38150 YEARS We are building the world of tomorrow. HOCHTIEF Abertis - Puerto Rico acquisition (October 2023) PR-22 San Juan PR-66 PR-5 BO Existing Metropistas tolled expressways PR-20 PR-30DTL PR-53 • • • • Abertis has been awarded the concession right to operate PR-20, PR-52, PR-53 and PR-66 in Puerto Rico for a period of 40 years (expiry 2063) after a competitive privatization process for USD 2.85bn (closing expected before year-end) 192km of toll roads representing >60% of the island's tolled traffic including highly strategic connections to the capital San Juan metropolitan area, with alternative routes being very limited Favorable tariff mechanism with increases exceeding inflation (US CPI + 1.5%, uncapped) and solid legal system in which US Federal laws generally apply Operating efficiencies between Abertis' existing Metropistas concessions and newly awarded, previously public toll roads Key metrics 2023 (pro-forma): Revenues USD 170m and EBITDA USD 130m backed by solid traffic growth (+8% in H1 2023) Ponce PR-52DTL Caguas PR-52 Humacao Guayama PR-53 abertis 100% PR20, PR52, PR53 and PR66 38 88#39150 YEARS FX rates We are building the world of tomorrow. End of period: Q1 H1 9M March March Change June 30, June 30, Change 31, 2023 31, 2022 (%) 2023 2022 (%) Sept. 30, Sept. 30, Change 2023 2022 (%) EUR/USD 1.09 1.11 -2% EUR/USD 1.09 1.04 5% EUR/USD 1.06 0.97 9% USD/EUR 0.92 0.90 2% USD/EUR 0.92 0.96 -4% USD/EUR 0.94 1.03 -8% EUR/AUD 1.63 1.48 10% EUR/AUD 1.64 1.51 9% EUR/AUD 1.63 1.51 8% AUD/EUR 0.61 0.67 -9% AUD/EUR 0.61 0.66 -8% AUD/EUR 0.61 0.66 -8% Period average: Q1 Q2 H1 March March Change Apr-Jun Apr-Jun Change Jan-Jun Jan-Jun Change 31, 2023 31, 2022 (%) 2023 2022 (%) 2023 2022 (%) EUR/USD 1.08 1.12 -3% EUR/USD 1.09 1.06 2% EUR/USD 1.08 1.08 0% USD/EUR 0.93 0.90 3% USD/EUR 0.92 0.94 -2% USD/EUR 0.93 0.92 0% EUR/AUD 1.58 1.54 3% AUD/EUR 0.63 0.65 -3% EUR/AUD 1.63 AUD/EUR 1.49 9% EUR/AUD 1.62 1.51 7% 0.61 0.67 -8% AUD/EUR 0.62 0.66 -6% Q3 Jul-Sep Jul-Sep Change 9M Jan-Sep. Jan-Sep. Change 2023 2022 (%) 2023 2022 (%) EUR/USD 1.09 1.01 8% EUR/USD 1.08 1.06 2% USD/EUR 0.92 0.99 -7% USD/EUR 0.92 0.95 -2% EUR/AUD 1.66 1.47 13% AUD/EUR 0.60 0.68 -11% EUR/AUD 1.63 AUD/EUR 1.50 8% 0.61 0.67 -8% HOCHTIEF 39 39#40150 YEARS We are building the world of tomorrow. A HOCHTIEF Appendix: HOCHTIEF Group overview I-105 Project Area, California, USA 40#41150 YEARS The HOCHTIEF Group We are building the world of tomorrow. A HOCHTIEF • HOCHTIEF is an engineering-led global infrastructure group with leading positions across its core activities of construction, services and concessions/public-private partnerships (PPP) focused on North America, Australia and Europe. • Founded in 1873 • Ranked #2 in ENR Top 250 International Contractors ¹) • Key figures (FY 2022): 35,680 employees Op. PBT: EUR 733m Op. net profit: EUR 522m Our objective: Creating sustainable value for all stakeholders Construction Management Technology and Industrial Services Turner UGL Ventia Thiess Sedgman MACA tural Resources 2022 Sales by region (EUR 26bn) 28% 2% 3% Americas 67% ■Asia/Pacific Germany Rest of Europe 1) Source: ENR The Global Sourcebook, Aug. 2022 (based on international sales volume) Flatiron Long-term local presence Engineering and project know-how High-tech infrastructure markets Cash and risk management focus Balance sheet strength Disciplined capital allocation Innovation Abertis Construction CPB Contractors HOCHTI OCHTIEF Infrastructure HOCHTIEF PPP Solutions Partnerships Pacific ESG strategy: Environmental, Social, Teams PPP and Concessions Governance Integrity Accountability Innovation Delivery Sustainability Safety Group culture 41#42150 YEARS We are building the world of tomorrow. A HOCHTIEF HOCHTIEF, leading positions in developed markets - FY 2022 UdoGoerisch 3917th HOCHTIEF Americas Largest US building construction management company and top 10 civil engineering contractor HOCHTIEF Asia Pacific Leading position in Australian construction, services and PPPs © HOCHTIEF Europe Leading German-based contractor and PPP developer focused on Central & Northern European markets Abertis Infraestructuras 20% equity investment in leading international toll road operator 5% 28% Sales EUR 26.2bn¹) 67% ■ Americas ■ Asia Pacific Europe 12% 8% Op. net profit 48% EUR 522m¹) 32% ■ Americas ■Asia Pacific Europe ■ Abertis Energy transition Digital infrastructure New Social Reshoring 5G sustainable mobility infrastructure 1) Total figure incl. Headquarters and consolidation items Construc- tion Services PPP and Concessions Sustainable infrastructure 42 42#43150 YEARS Disclaimer We are building the world of tomorrow. A HOCHTIEF This presentation and the report contain forward-looking statements. These statements reflect the current views, expectations and assumptions of the Executive Board of HOCHTIEF Aktiengesellschaft and are based on information currently available to the Executive Board. Such statements involve risks and uncertainties and do not guarantee future results, performance or events. Actual results, performance or events relating to HOCHTIEF Aktiengesellschaft and the HOCHTIEF Group, including but not limited to possible future divestments, profit before tax, consolidated net profit and dividends, may differ materially from the expectations and assumptions described in such statements due to, among other things, changes in the general economic, sectoral and competitive environment, risks associated with capital markets, currency exchange rate fluctuations, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, the conduct of other shareholders, and other factors. Statements on dividends are additionally subject to the recognition of a corresponding unappropriated net profit in the published separate financial statements of HOCHTIEF Aktiengesellschaft for the fiscal year concerned and the adoption by the competent decision-making bodies of appropriate resolutions taking into account the prevailing situation of the Company. HOCHTIEF Aktiengesellschaft does not assume any obligations to update any forward-looking statements. 43#44150 YEARS Investor Relations contacts For further information please contact: Investor Relations HOCHTIEF Aktiengesellschaft Alfredstr. 236 45133 Essen, Germany Phone: +49 201 824 1870 Fax: +49 201 824 9 1870 [email protected] We are building the world of tomorrow. HOCHTIEF Mike Pinkney Tobias Loskamp Nadine Wärmer Martina Horst 44