Investor Presentaiton

MOTA-ENGIL Net debt¹ of €1,067 mn with a stable gearing at 2.5x Liquidity position corresponds to 1.1x of non-revolving financing needs with maturity less than one year Leasing operations, including the impact of IFRS 16 (€34 mn), amounted to €271 mn Monetisation of Malawian bonds (€14 mn – 1H19) and Angolan bonds (€7 mn - July 2019) New 5 year maturity €100 mn loan from pan-African multilateral Afreximbank during 1H19 Average debt life of 2.2 years Club Deal (5 year maturity) amounting to €105 mn was closed after June 30 Gross debt maturity², June 2019 (€ mn) Undrawn credit lines 170 312 Already refinanced or to be refinanced shortly Cost of debt and gearing³ 5.8% 5.6% 5.6% 5.1% 5.2% 5.0% Cash & 621 Cash equiv. 393 400 208 154 106 53 63 Liquidity 1 year position 2 years Non-revolving 3 years 4 years Revolving 5 years > 5 years 3.6x 3.4x 2.5x 2.5x 2.3x 2.2x Dec15 Dec16 Dec17 Jun18 Dec18 Jun19 ¹Excluding leasing and factoring amounting to €271 mn and €119 mn, respectively, and including €160 mn (€176 mn nominal value) of Angolan sovereign bonds; 2Excluding leasing and factoring; 3Net debt/EBITDA. 15

View entire presentation