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Unternehmenspräsentation März 2024 V4 Conference Call Presentation Q1 Results 2025, May 2025
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22.05.2025 I Page 2 DISCLAIMER Investor Presentation: Q1 Results 2025 • 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 the Company or any of its subsidiaries or any of their directors, officers, employees and advisors nor any other person 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. • This presentation was prepared by PORR AG (the "Company") solely for use at investors’ meetings and is provided solely for informational purposes. A distribution of this document is not permissible. • This presentation dates from May 2025. 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 such investor’s meetings. • This presentation 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.
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22.05.2025 I Page 3 Further positive impetus in PL and CEE German special funds announced Q1/25 AT A GLANCE 1 2 3 Strong order book Promissing development in AT and CEE Solid performance Continued increase in EBIT margin Stable debt position Net debt and cash flow with one-off effects High liquidity cushion Increase of equity ratio to 19.8% Outlook confirmed Moderate growth in output and revenue EBIT margin 2.8%-3.0% 4 5 6 Investor Presentation: Q1 Results 2025
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22.05.2025 I Page 4 4.9 16.7 22.4 1.6 Source: Euroconstruct, December 2024, Bank Austria, ÖBB, Austrian Parliament, BUND, BMWK, spectis.pl, 3Seas Initiative ONGOING INCREASE IN CONSTRUCTION MARKET Investor Presentation: Q1 Results 2025 Growth engine: Civil engineering MOMENTUM FROM EU FUNDS AND INFRASTRUCTURE NEED 2025 investment programmes (in EUR bn) 0.6% 1.8% 2025e 2026e Annual growth rates in Euroconstruct-19 ▪ EU financing contributing to ongoing demand in CEE countries and Poland ▪ German special fund not yet distributed, impacts expected from 2027 onwards 3.5% 3.8% 2025e 2026e Annual growth rates in CEE DE PL AT RO Residential construction Other building construction Civil engineering Total construction output Transport infrastructure & residential construction Transport infrastructure Transport infrastructure, healthcare & flood protection Transport infrastructure
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22.05.2025 I Page 5 C+ / Prime Segment Top 10 % der BrancheQ1/2022 Q1/2023 Q1/2024 Q1/2025 Holding Infra CEE PL DE AT / CH 17% 9%5% 56% 1% 13% 10% 59% 3% 3% 9% 15% STRONG ORDER INTAKES Investor Presentation: Q1 Results 2025 UPLIFT FROM BUILDINGS Order intake (in EUR m) ▪ +62% increase in building construction ▪ Double-digit increase in AT and CEE ▪ Slight improvements in German residential construction 1,429 1,311 1,539 1,278 Aurachbrücke Upper Austria
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22.05.2025 I Page 6 TOP ORDER INTAKES 2024/25 Investor Presentation: Q1 Results 2025 Figures in EUR Non-residential construction Residential construction Other • D0, Bechovice – D1 motorway Prague / CZ / 194.2m • PPP Central vocational school Seestadt Aspern Vienna / AT / 114.1m • ARGE A13 expressway Lueg bridge Gries am Brenner/ AT / 108.5m • SuedOstLink Wolmirstedt / DE / 105.0m • Windar production building Szczecin / PL / 90.7m • Data centre DE / n.a. • S16 expressway Barczewo – Biskupiec PL / 86.7m • Airport Terminal Project TP 91 Szczecin / PL / 57.9m • ARGE PSP Limberg III / K29 Kaprun / AT / 55.2m • Siemianówka provincial road 688 PL / 47.6m • TB1 - Tramway Bucharest Lot 1 Bucharest / RO / 143.9m • Walcz bypass Straczno / PL / 33.4m • Eli Lilly - Project Higgins Alzey / DE / 94.1m • Design & Build Corabia Port RO / 29.8m • Fuel Storage Facility MPS Swietoszow / PL / 32.2m Civil engineering Q2/24 Q3/24 Q4/24 • Railway reconstruction: Nezamyslice - Kojetín CZ / 53.3m • Production facility Westside Bldg. 50 Munich / DE / n.a. • Hospital IMID Warsaw / PL / 33.9m • BASE new building ZV & plant 4 Osnabrück / DE / 28.7m • GIG - Community school Insel Gartenfeld Berlin / DE / 68.5m Q1/25
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22.05.2025 I Page 7 C+ / Prime Segment Top 10 % der Branche Q1/2022 Q1/2023 Q1/2024 Q1/2025 Miscellaneous Residential Non-residential Civil engineering FULL ORDER BOOKS Investor Presentation: Q1 Results 2025 Rounding differences may appear. VISIBILITY FOR > 1.25 YEARS Order backlog (in EUR m) ▪ +4.4% increase in order book coming from nearly all operative segments ▪ Strong uplift of 10.0% from building construction – especially industrial construction & educational buildings 5% 14% 26% 56% 6% 8% 30% 57% 8,033 8,8128,211 8,439 Slab Track Dehli – Meerut, India
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22.05.2025 I Page 8 SOLID OUTPUT Investor Presentation: Q1 Results 2025 Production output per segment (in EUR m) NO CHANGE IN EXPECTATIONS Double-digit increase in CEE and Infrastructure International, AT / CH with continuous growth Strong uplift in civil engineering coming from road construction Q1/2022 Q1/2023 Q1/2024 Q1/2025 Holding Infra CEE PL DE AT / CH ▪ Back-bone segment AT / CH with continuous growth of 10.4% ▪ Slight reduction due to late onset of winter in March 12% 16% 50% 12% 7% 1,161 1,271 1,2701,323 Blumengasse Oberwart, Austria 3% 1% 9%7% 14% 14% 55%
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22.05.2025 I Page 9 6.0 9.9 11.3 12.6 Q1/22 Q1/23 Q1/24 Q1/25 0.5% 0.8% 0.9% 1.0% IMPROVED PERFORMANCE Investor Presentation: Q1 Results 2025 MARGIN GOAL 2025: 2.8-3.0% EBIT (in EUR m) EBIT (in % of revenue) ▪ +11.7 % on the bottom line: increase despite heavy seasonality ▪ Absolute reductions in materials and related production services of EUR 20.3m (1.0% of revenue) THE FORM Warsaw, Poland
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22.05.2025 I Page 10 Rounding differences may appear. SEASONAL INCREASE IN DEBT POSITION Investor Presentation: Q1 Results 2025 Gross debt (in EUR m) ONE-OFF EFFECTS VISIBLE Net debt (in EUR m) 253 241 240 244 2023 Q1/24 2024 Q1/25 ▪ Increase in gross debt as a result of seasonality and higher IFRS 16 rentals ▪ Share of IFRS 16 rentals at ~40% ▪ Operational increase as a result of fewer supplier credit ▪ One-off effects coming from − Redemption of hybrid bonds (EUR 46.5m) − Acquisition of Knape Bahnbau GmbH (EUR 11.0m) − Share buyback (EUR 9.7m) 589592 585 -40 107 2 192 259 2023 Q1/24 2024 Q1/25 One-off effects: EUR 67m IFRS 16: Long-term rentals 615
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22.05.2025 I Page 11 C+ / Prime Segment Top 10 % der Branche 2023 Q1/24 2024 Q1/25 STABLE EQUITY Investor Presentation: Q1 Results 2025 DESPITE HYBRID REDEMPTION Equity (in EUR m) and equity ratio (in %) ▪ Hybrid redemption in February 2025 of EUR 46.5m ▪ Share buyback in Q1 with a value of EUR 9.7m ▪ Absolute increase compared to March 2024 by EUR 18.4m (+2.3%) 860 815 834 18%29% 25% 20.8% 19.7% 21.1% 19.8% 24% 894 Tool-Tec operations facility Austria
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22.05.2025 I Page 12 22.05.2025 I Page 12 OUTLOOK Moderate growth in output and revenue EBIT margin 2.8% – 3.0% 2030 EBIT margin 3.5% - 4.0% Investor Presentation: Q1 Results 2025