Wood. Capital Allocation and Financial Strategy

Good progress since our CMD in November 2022 2 Profitable growth. A higher-grade business • Targets EBITDA mid to high single digit CAGR Strong operating cash flow Return to positive free cash flow Focus on reimbursable contracts HY23 progress • EBITDA up 12%¹ • Significant improvement in operating cash flow . LSTK now only c.1% of order book • Future focus Selective market focus • Continue to improve pricing Optimise portfolio - reviewing c.4% of business • Improve cash generation G 23 1. 2. Performance • Grow order book excellence. Results focused and delivering • Increase use of Global Execution Centres (GEC) Consistent Project outcomes Increase % sustainable solutions . Order book up 5%² • GEC headcount over 3,000 Sustainable solutions revenue up 20% . • Continued focus and discipline in where we bid • Further GEC growth Continue to grow sustainable solutions Inspired culture. Creating a great place to work • • Improve employee engagement Lower voluntary turnover Reduce recordable safety incidents • 40% leadership female by 2030 . Employee NPS up 23 points YOY . Continual focus on safety • Develop employee experience • Lower voluntary turnover . across professional roles • 35% leadership female (vs. 32% at Dec 2022) • Further increase diversity Expand graduate intake • Continue SME recruitment At constancy currency Compared to December 2022, at constant currency and excludes Gulf of Mexico labour operations business sold in March 2023 wood.

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