H1 2023 Interim Financial Results

September 27, 2023

Contents

1

2

3

4

5

Financial

The

Recent

ESG

Acquisition of

Annex

Developments

Results

AKTOR

(pages 4-5)

(pages 6-17)

(pages 18-19)

(pages 20-21)

(pages 22-35)

2

Message from our CEO

"The first six months of 2023 were marked by a series of important events, with profound impact on the company's growth potential. In January, Intrakat completed successfully, a share capital increase of €100m, securing the required funds in order to proceed with the implementation of its strategic planning. At the end of March, the company acquired 100% of the share capital of construction company AKTOR S.A. for a cash consideration of €100m. Furthermore, throughout the first half of 2023, Intrakat assumed many new landmark projects, bringing the total amount of projects to be executed to a new historic high of €2.1bn.

In terms of financial performance, consolidated turnover during H1 2023 surged at €149m, marking a 45% increase versus H1 2022. Within less than 12 months since the assumption of the company's management, we achieved an impressive turnaround regarding profitability at operating level. Thus, consolidated EBITDA shaped at profits of €9m versus losses of €7m during H1 2022, while earnings after taxes stood at profits of €18m over losses of €18m a year ago. Remarkable improvement was also recorded regarding the Group's capital structure and liquidity."

Overall, the first half of 2023 further established Intrakat among the leading constructions groups in Greece.

Robust performance recorded by all segments,

contributed to strong operating profitability achieved during the period,

signaling Intrakat's solid turnaround and paving the ground for joining forces with Aktor.

3

1

Recent

Developments

Significant events marked positively H1 2023, having a profound impact on Intrakat's growth potential

Share Capital

Mouzaki wind

Acquisition of

Signing of

2 flagship PPPs

Increase

park enters final

100% of Aktor

•

Kalamata - Pylos

€100m

construction

S.A.

Roadway, budget €239m

stage

(pending approval

•

Northern Roadway of

from competent

Crete (BOAK), budget

authorities)

€189m

Jan

Feb

Mar

Apr

• Paros airport

• Construction of a

• Renovation of

• Preferred bidder

upgrade

new state-of-the-

multi-storey

in PPP "Student

• Pilot project for

art fiber optic

Ippokratous

Residences of

mobile signal

network "To the

street office

University of

coverage and

home" on behalf

building in the

Crete", budget

internet access

of PPC

center of

€206m

in tunnels and

• Implementation of

Athens

stations of Line

full signal

2 of Attiko

coverage and

Metro

internet access at

the 14 regional

airports of Fraport

Greece

Preferred bidder

in RAWEW's

tender for the

Marina

Ecomar Project

construction of 3

energy storage

Residential

UAE, budget

units, in Evia and

Tower,

€352m

Rodopi, 100MW

budget €350m

power

May

Jun

After

Jun

• Signing of two

• The

• Restoration of

the old Axios

new contracts

contribution of

River bridge

for anti-flood

the waste

• Intrakat assumed

projects in

treatment unit

for another 3

Attica

in Serres in the

years the

• Energy Efficiency

collection and

management of

Upgrade Services

management of

Mykonos landfill

Contract with

mixed waste

the Municipality

proving crucial

of Preveza

for the entire

region of

Central

Macedonia

5

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Intracom Constructions SA Technical and Steel Constructions published this content on 27 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 September 2023 15:01:38 UTC.