PORR : Roadshow Presentation, May 2024

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Investor Presentation: Q1 Results 2024

May 2024

DISCLAIMER

• This presentation was prepared by PORR AG (the "Company") solely for use at investors' meetings and is provided solely for informational purposes.
• This presentation dates from May 2024. The facts and information contained herein might be subject to revision in the future. Neither the delivery of this presentation nor any further discussions of the Company with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since such date. None of the Company or any of its subsidiaries or any of its shareholders or any of such person's directors, officers, employees or advisors nor any other person makes any representation or warranty, express or implied as to, and no reliance should be placed on, the accuracy or completeness of the information contained in this presentation. None of the Company or any of its subsidiaries or any of its shareholders or any of such person's directors, officers, employees and advisors nor any other person shall have any liability whatsoever for any loss howsoever arising, directly or indirectly, from any use of this presentation. The same applies to information contained in other material made available at the meeting.
• This document is selective in nature and is intended to provide an introduction to, and overview of, the business of the Company. Wherever external sources are quoted in this presentation, such external information or statistics should not be interpreted as having been adopted or endorsed by the Company as being accurate.

• This presentation contains forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which the Company operates. These statements generally are identified by words such as "believes", "expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", and similar expressions. The forward-looking statements, including but not limited to assumptions, opinions and views of the Company or information from third party sources, contained in this presentation are based on current plans, estimates, assumptions and projections and involve uncertainties and risks. Various factors could cause actual future results, performance or events to differ materially from those described in these statements. The Company does not represent or guarantee that the assumptions underlying such forward- looking statements are free from errors nor do they accept any responsibility for the future accuracy of the opinions expressed in this presentation. No obligation is assumed to update any forward-looking statements.
• By accepting this presentation, you acknowledge that you will be solely responsible for your own assessment of the market and of the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the Company's business.

Investor presentation: Q1 Results 2024	22.05.2024 I 2

1PORR

at a Glance

Investor presentation: Q1 Results 2024	22.05.2024 I 3

PORR IN BRIEF

ONE-STOP SHOP

		N	B
	G
	U
	I
S			I
E					L
				D
D

D	OUR USP			E
			T
E
M
Full-Service			A
O			V
L	Provider		N	O
I
S		E

#3

#3

#6

H	R
O	E
	PERAT

• 21,000 Staff members

EUR 8.5 bn Order backlog

EUR 6.6 bn Production output

EUR 130.7m Earnings before tax (EBT)

#7

#2

#1

#5

2.3% EBIT margin to sales

Data as per 31.12.2023

Home markets Project markets

Market position #

Investor presentation: Q1 Results 2024	22.05.2024 I 4

THE 4 D'S OF PORR

DEMAND IN INFRASTRUCTURE AND BUILDINGS

Deglobalisation	Decarbonisation	Digitalisation	Demographic change
Resilience &	+1.5°C max. &	Artificial intelligence &	Urbanisation &
regionalisation	climate neutrality	digital twins	ageing society

Nearshoring and reshoring to	Energy transformation and	Digital transformation and	Smart infrastructure,
build local supply chains	circular construction	operational excellence		affordable housing for generations
Industrial construction Storage buildings	Geothermal energy Pipeline construction	BIM 3D - 5D	Big data	Digital processes	Railway, Slab Track	Tunnels, bridges
R&D facilities	Clean rooms Data centers	Environmental engineering Power plants	LEAN Construction	Robotics	AR, VR	Roads	Rehab clinics, medical centers
Local logistics	Regional infrastructure	Recycling Thermal renov. & revitalisation	Digital site	Drones	3D printing	Residential	Hotels, educational buildings
Investor presentation: Q1 Results 2024									22.05.2024 I 5

FOCUS ON INTELLIGENT GROWTH

WITH GREEN AND LEAN

Intelligent Growth

Green and Lean

Company		Staff		LEAN
Best in Class: In construction		We live our PORR Principles		Design-build contractor - one-
and technologies				stop shop for every process
Build on leading market		The best - Best Place to Work		Innovation leader in
position				construction technology
Sustainable profitability		Nurturing talent - lifelong		Pioneer in digitalisation -
ahead of revenue		learning for all of us		improving quality and
				efficiency
Strong equity position and		We live diversity, equal		Lean, flexible and cost-
efficient deployment of		opportunities and		conscious
capital		performance
We inspire		We build		We rely
our customers.		on PORRians.		on LEAN Construction.

Investor presentation: Q1 Results 2024

ESG

Clear commitment to ecological, environmentally- friendly construction

Efficient and responsible use of resources and energy

We act holistically in line with the circular economy

Clear commitment to compliance and ethical behaviour

We unite

economy, environment

and society.

22.05.2024 I 6

2Facts & Figures

Q1 Results 2024

Investor presentation: Q1 Results 2024	22.05.2024 I 7

Q1/24 AT A GLANCE

1

2

3

Stable construction environment

Strong infrastructure intakes

Resilient order book

High level of EUR 8.4 bn maintained

Reliable top line

Earnings quality clearly improved

4

5

6

Strong balance sheet

Equity ratio of 19.7% (+0.5 PP yoy)

Comfortable liquidity cushion

Free cash flow improved

Outlook 2024 confirmed

Confidence in business model

Investor presentation: Q1 Results 2024	22.05.2024 I 8

PROMISING CONSTRUCTION ENVIRONMENT

STRONG ORDER INTAKE IN INFRASTRUCTURE

Turnaround in construction starting in 2024

		2.5%	2.5%		2.3%
rates				1.7%
				1.5%	1.3% 1.4%		1.6%
			0.9%
Annual growth	0.0%
	-2.1%
	-5.4%
	2024e			2025e				2026e

PORR's order backlog (in EUR m)

CAGR: +2.5%

8,033	8,211	8,439
55%		59%
30%		27%
5%	10%		7%	7%
Q1/22	Q1/23	Q1/24

Residential

Non-residential

Civil engineering

Total

Miscellaneous

Residential

Non-residential

Civil engineering

▪ Mid- to long-termdemand growing

▪ Above average growth with increase of 2.8 %

▪ Continuous growth in civil engineering

▪ Further decrease in share of residential

▪

Sustainable turnaround in residential

construction

construction expected in 2025

▪ Secures visibility for >1 year

Source: Euroconstruct, Dec 2023

Investor presentation: Q1 Results 2024	22.05.2024 I 9

STABLE ORDER INTAKE

Order intake (in EUR m)

1,429			1,278		1,311
64%						64%
16%						19%
14% 6%						8%	9%
							C+ / Prime Segment
Q1/22		Q1/23			Q1/24
					Top 10 % der Branche
Miscellaneous		Residential		Non-residential		Civil engineering

• +12% order intakes in infrastructure
• Full pipeline from European Recovery and Resilience Facility and NextGenerationEU Budget

Railway modernisation

București Nord - Jilava - Giurgiu Nord - Giurgiu Nord Frontieră

Investor presentation: Q1 Results 2024	22.05.2024 I 10