HOCHTIEF : Report 2020

The HOCHTIEF Group at a glance

HOCHTIEF Americas Division

The HOCHTIEF Americas division combines our construction activities in the U.S. and Canada. Our subsidiaries operate in the building construction management as well as in the civil engineering markets. Turner is the number one general builder in the U.S., and Flatiron ranks among the top ten in transportation infrastructure (Engineering News-Record 2020).

For more information, please see the divisional reportingsection

HOCHTIEF Asia Pacific Division

The HOCHTIEF Asia Pacific division comprises our majority stake in Australia- based CIMIC. With its operating companies, CIMIC occupies leading positions in infrastructure construction, public-private partnerships, mining ser- vices, mineral processing, as well as engineering, asset management, and maintenance services in Australia and selected markets in the Asia-Pacific re- gion.

For more information, please see the divisional reportingsection

HOCHTIEF Europe Division

Our core business in Europe is organized under the HOCHTIEF Europe divi- sion. The operating companies provide infrastructure and building construction services as well as public-private partnerships in transportation, social, and urban infrastructure. The portfolio also comprises engineering services, including Virtual Construction, and facility management.

For more information, please see the divisional reportingsection

Abertis Investment

The investment in Abertis Infraestructuras, S.A., a leading international toll road operator, falls under its own HOCHTIEF division. The company operates a total of over 8,300 kilometers of toll road in 16 countries, particularly France, Spain, North America, Brazil, Chile, and Mexico. HOCHTIEF's stake amounts to 20%.

For more information, please see the divisional reportingsection

Cover:

In a league of its own: SoFi Stadium in Inglewood, California, was completed in 2020. Home to the Los Angeles Rams and Los Angeles Chargers NFL teams, the state-of-the-art stadium completely re-imagines the fan experience. In the future, SoFi Stadium will also host other large events with audiences of up to 100,000, including the Super Bowl LVI in 2022, and the Opening and Closing ceremonies of the Olympic Games in 2028. Inside the arena is the biggest wrap-around video board in the world of sports, with 80 million pixels providing a pin-sharp view of the action. The screen is 110 meters long and weighs nearly 1,000 metric tons. A signature feature of the stadium is the open-ended,semi-translucent, almost 93,000-square-meter roof.

Group Report 2020

COMBINED ANNUAL FINANCIAL AND SUSTAINABILITY REPORT

This combined Group Report contains the financial and sustainability reporting of the HOCHTIEF Group for 2020. It highlights the close relationship between eco- nomic, environmental, and community aspects, together with their influence on the success of our busi- ness.

Information on this Report

The Group Report covers the period from January 1 to December 31, 2020 and follows on from the report published on February 11, 2020. We indicate explicitly wherever data relates to a different reporting period, year-on-year comparisons are not possible without re- striction, or limits of coverage are reached.

At the end of December 2020, Australian Group company CIMIC announced the finalization of the sale of 50% of the equity interest in Thiess. As a result, Thiess is accounted for using the equity method in the 2020 financial statements. Thiess is included in full in the non- financial figures for the entire 2020 reporting year, including the data as of the December 31, 2020 reporting date. Through its investment partnership Ventia, CIMIC additionally acquired Broadspectrum effective June 30, 2020. There were no other material divestments or acquisitions of companies in the HOCHTIEF Group.

This Group Report includes information on the first- time and retrospective full consolidation of BIC Contracting LLC (BICC), Dubai, United Arab Emirates, in which HOCHTIEF Group company CIMIC holds a 45% interest, and on the classification of BICC as a discontinued operation in the reporting year. The non-financial information in the Group Management Report does not include any information (policies and due diligence processes applied, outcomes of the policies, or risks) relating to BICC, as no policy for the non-financial aspects has been or is pursued for this part of the Group.

1. For further information on GRIand UN Global Compact.

No non-financial information has been reported to

HOCHTIEF.

The Consolidated Financial Statements are prepared in accordance with the requirements of International Financial Reporting Standards (IFRS) as adopted by the EU and with supplementary provisions of German commercial law to be observed under Section 315e (1) of the German Commercial Code (HGB). The report is published for the first time using the European Single Electronic Format (ESEF), which has been required in the EU since 2020. With regard to sustainability as- pects, the Group Report follows the Global Reporting Initiative (GRI) ), which is used pursuant to Section

289d HGB. This Group Report also serves as our report on progress in implementing the UN Global Compact 1) principles and is published on the organization's websites. Disclosures that are not normally part of the management report are marked as such.

The information on sustainability issues addresses relevant focus areas that resulted among other things from a materiality analysis among stakeholders.

We have assigned selected United Nations Sustainable Development Goals (SDGs) to HOCHTIEF's sustainability focus areas and integrated them into this Group Re- port.

An explanation of the technical terms used can be found in the glossary at the end of this Group Report.

The next Group Report is planned to appear in Febru- ary 2022.

• This symbol indicates content supplementary to the Group Report, available on the HOCHTIEF website at www.hochtief.com as well as on the websites of our Group companies and subsidiaries. We additionally indicate the corresponding links.

• This symbol indicates a link to an external website. The corresponding Internet addresses are shown on the respective pages.

Group Report 2020

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Commitment to fairness, sustainability, and innovation

Our aspiration and our responsibility are reflected in memberships and voluntary commitments. Our Company was once again successfully rated in a number of established sustainability rankings and included in indexes, of which the examples below are just a sampling.

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HOCHTIEF IS BUILDING THE WORLD OF TOMORROW.

HOCHTIEF is an engineering-led global infrastructure group with leading positions across its core activities of construction, services, and concessions/pub- lic-¬private partnerships (PPP). Our success operating in these segments is based on our expertise in development, financing, construction, and operations gained in almost 150 years of experience. The Group's activities focus on the Australian, North American, and European markets.

Our expert staff create value for clients, shareholders, and HOCHTIEF alike. We set ourselves apart from the competition by way of innovative solutions combined with our end-to-end project and engineering know-how. That way, we enhance our company's profitability and ensure long-term growth. Our goal is to create sustainable value for all stakeholders.

At all times, we are aware of our responsibility to our clients, business partners, shareholders, and employees, as well as to our social and natural environment. For this reason, we maintain a dialog with diverse stakeholder groups. With an eye toward our long-term success, we systematically nurture the relationship between business, the environment, and social responsibility.