Setting 2021 Financial Targets

Balance sheet strength post-ECR provides significant incremental value creation opportunities 15 $3.0 Reported Net Debt FY19 Q1 Pro Forma Net Cash FY19 Q11 $2.0 $1.0 $0.5 $0.0 -$1.0 -$2.0 $(1.8) -$3.0 $3B of pro forma Balance Sheet Capacity post ECR transaction 1Assumes Q1 FY19 cash includes WorleyParsons equity stake as of February 2019; cash benefits from ECR transaction proceeds offset by $250M cash outflow related to accelerated share repurchase (ASR). JACOBS ®

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