ELLAKTOR S A : Financial Results H1 2023 – Presentation

1st Half 2023 Financial Results

September 15, 2023

Disclaimer.

This presentation has been prepared by ELLAKTOR S.A. (the "Company").

The information contained in this presentation has not been independently verified and no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. None of the Company, shareholders or any of their respective affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document.

Unless otherwise stated, all financials contained herein are stated in accordance with International Financial Reporting Standards ('IFRS').

This presentation does not constitute an offer or invitation to purchase or subscribe for any shares. Neither it nor any part of it shall form the basis of, or be relied upon in connection with, any contract or commitment whatsoever.

The information included in this presentation may be subject to updating, completion, revision and amendment and such information may change materially. No person is under any obligation to update or keep current the information contained in the presentation and any opinions expressed in relation thereof are subject to change without notice. This presentation is subject to any future announcement so material information made by the Company in accordance with the law.

This presentation does not constitute a recommendation regarding the securities of the Company.

This presentation also contains forward-looking statements, including comments concerning our objectives and strategies, and the results of our operations and our business, considering environmental and risk conditions.

However, by their nature, these forward-looking statements involve numerous assumptions, uncertainties and opportunities, both general and specific. The risk exists that these statements may not be fulfilled.

caution readers of this presentation not to place undue reliance on these forward-looking statements as several factors could cause future Group results to differ materially from these targets.

Forward-looking statements may be influenced in particular by factors such as the effects of competition in the areas in which we operate, and changes in economic, political, regulatory and technological conditions. We caution that the foregoing list is not exhaustive.

When relying on forward-looking statements to make decisions, investors should carefully consider the aforementioned factors as well as other uncertainties and events.

H1'23 Financial Results

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Group Business Update.

On March 30th, 2023, Ellaktor S.A., AKTOR Concessions S.A. and Intrakat S.A. signed an agreement for the sale and purchase of all shares in AKTOR S.A.

The completion of this transaction is pending

clearance from the Hellenic Competition

Commission, which initiated a stage B process on August 30th, 2023.

The transaction is expected to close by the end of the year.

On September 9th, 2023, REDS S.A. announced

advanced exclusive negotiations with Trade Estates REIC (Fourlis Group) for the likely sale of its fully-owned subsidiary, Gyalou Emporiki S.A., the owner of the 'Smart Park' retail park.

In compliance with IFRS 5 ('Non-current Assets Held for Sale and Discontinued Operations'):

The book values of assets and liabilities for all companies in the Construction segment and Gyalou Emporiki S.A. were classified as 'Held for Sale' as of June 30, 2023.

Financial information is reported separately for Discontinued Operations (D.O.) and Continuing Operations (C.O.).

In 2022, D.O. includes the RES and, for comparability, the Construction segments. In 2023, D.O. includes only the Construction segment.

H1'23 Financial Results

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Contents.

1.	2.	3.	4.	5.
Group	Key	Financial	ESG	Appendix
Financial &	Financial	Performance
Business	Figures	by Segment
Update

H1'23 Financial Results

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1. Group

Financial & Business Update