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Investor Presentaiton

Key figures and Outlook Turnover (€ mn) 841 828 859 406 407 2016 2017 2018 1H18 1H19 13% 111 EBITDA (€ mn) and margin (%) 17% 141 8% 12% 10% Positive Outlook for the upcoming years in Portugal New Lisbon International Airport: Expansion of the existing infrastructure and construction of a new airport in the south margin (to be completed in 2022). Environmental Impact Study approved / Public consultation closed 19/09 Private Investment (ANA Aeroportos/Vinci - concessionaire) - CAPEX: €1.15 bn (excluding access roads – Investment by Lusoponte) Railway Plan 2020: Total €1.5 - 2 bn with European Funds Committed To be completed in 2022 Lisbon (c.€310 mn) and Oporto (c.€210 mn) metro expansion Ports expansion (Sines): Terminal XXI (€300 mn) and Vasco da Gama (€600 mn) 2016 2017 802 2016 71 47 41 2018 Backlog¹ (€ mn) 1H18 1H19 1,166 1,226 1,293 1,068 2017 1H18 2018 1H19 1Contracts already signed and financed. Excludes future revenues from concessions (highways and EGF). New Lisbon Hospital: PPP (30 years) - c. €335 mn New Madeira Hospital (€205 mn) and Évora (€150 mn) Total Investments: €1Bn. Projects to be completed in 2023 Guidance FY2019: Turnover up low single digit with stable profitability 18
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