ANNUAL REPORT 2021 BILFINGER SE

Bilfinger SE

Contents

2

Annual Report 2021

Contents

A

B

C

D

To our shareholders

4

A.1

Letter to shareholders

5

A.2

Executive Board of Bilfinger SE

9

A.3

Report of the Supervisory Board

11

A.4

Corporate governance

26

A.5

Bilfinger in the capital market

45

Combined management report

50

B.1

The Bilfinger Group

52

B.2

Economic report

58

B.3

Risk and opportunity report

95

B.4

Outlook

118

B.5

Non-financial Group declaration

127

B.6

Takeover-relevant information pursuant to Section 289a

167

and Section 315a of the German Commercial Code (HGB)

Consolidated financial statements

174

C.1

Consolidated income statement

175

C.2

Consolidated statement of comprehensive income

176

C.3

Consolidated balance sheet

177

C.4

Consolidated statement of changes in equity

178

C.5

Consolidated statement of cash flows

179

C.6

Notes to the consolidated financial statements

180

Explanations and additional information

254

D.1

Responsibility statement

255

D.2

Reproduction of the auditor's report

256

D.3

Return-on-capital-employed controlling

267

D.4

Boards of the company

269

Ten-year overview

276

Financial calendar

278

Imprint

279

Bilfinger SE

Bilfinger is an international industrial services provider. The Group aims to enhance the efficiency of assets, ensure a high level of availability, reduce emissions and lower maintenance costs. Designing sustainable production processes for customers is becoming increasingly important. Bilfinger's portfolio covers the entire value chain from consulting, engineering, manufacturing, assembly, maintenance and plant expansion to turnarounds and also includes environmental technologies and digital applications.

The company delivers its services in two service lines: Engineering & Maintenance and Tech- nologies. Bilfinger is primarily active in Europe, North America and the Middle East. Process industry customers come from sectors that include chemicals & petrochemicals, energy & utilities, oil & gas, pharma & biopharma, metallurgy and cement. With its ~30,000 employees, Bilfinger upholds the highest standards of safety and quality and generated revenues of €3.7 billion in financial year 2021.

Bilfinger SE

A To our shareholders

4

Annual Report 2021

A To our shareholders

A.1

Letter to shareholders

5

A.2

Executive Board of Bilfinger SE

9

A.3

Report of the Supervisory Board

11

A.4

Corporate governance

26

A.4.1

Declaration of corporate governance and corporate governance report

26

A.5

Bilfinger in the capital market

45

Bilfinger SE

A To our shareholders

5

Annual Report 2021

A.1 Letter to shareholders

A.1 Letter to shareholders

Executive Board of Bilfinger SE

Thomas Schulz

Christina Johansson

Duncan Hall

CEO

CFO and Interim CEO

COO

in financial year 2021

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Bilfinger SE published this content on 10 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2022 08:12:02 UTC.