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Investor Presentaiton

Income Statement Results Commentary Revenue: Consolidated revenue increased 7.8% y-o-y to USD 1.0 billion in Q4 2021 and 5.1% y-o-y to USD 3,542.9 million in FY 2021 MEA operations comprised 72% of total revenue in Q4 2021 and 70% in FY 2021 while USA operations accounted for the balance EBITDA Consolidated EBITDA increased 22.3% y-o-y to USD 58.1 million in Q4 2021 and 3.3% y-o-y to USD 204.4 million in FY 2021 EBITDA margins increased to 5.8% in Q4 2021 and maintained at 5.8% in FY 2021 EBITDA margins in the U.S. operations improved to 3.1% in Q4 2021 and 1.9% in FY 2021 Income from associates: BESIX records a consecutive quarter of profits in Q4 2021, compensating for losses in H1 2021 Net income contribution from BESIX stood at USD 10.7 million in Q4 2021, bringing total net income contribution in FY 2021 to USD 15.7 million compared to negative USD 6.2 million in FY 2020 USD million Revenue Cost of sales Gross profit Margin Other income FY 2021 FY 2020 Q4 2021 Q4 2020 3,542.9 3,371.1 1,000.2 927.8 (3,196.5) (3,048.3) (896.2) (851.0) 346.4 322.8 104.0 76.8 9.8% 9.6% 10.4% 8.3% 2.3 14.2 (4.3) 9.9 SG&A expenses (192.4) (186.4) (54.2) (52.9) Operating profit 156.3 150.6 45.5 33.8 EBITDA 204.4 197.8 58.1 47.5 Margin 5.8% 5.9% 5.8% 5.1% Financing income & expenses Finance income 11.6 21.3 2.6 9.0 Finance cost (27.9) (31.1) (9.8) (9.1) Net finance cost (16.3) (9.8) (7.2) (0.1) Income from equity acc. Investees 27.8 (3.2) 14.2 4.5 Profit before income tax 167.8 137.6 52.5 38.1 Income tax (42.5) (40.5) (11.4) (7.6) Net profit for the year 125.3 97.1 41.1 30.5 Net Profit attributable to: Owners of the company 113.4 90.9 37.1 25.9 Non-controlling interest 11.9 6.2 4.0 4.6 Net profit for the year 125.3 97.1 41.1 30.5 Net Income: Net income attributable to shareholders increased 43.2% y-o-y to USD 37.1 million in Q4 2021 and 24.8% y-o-y to USD 113.4 million in FY 2021 ORASCOM Note: Figures are based on audited financials; full financial statements are available on the corporate website CONSTRUCTION 10
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