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STRABAG SE reaches new milestones in 2025 Initial Figures 2025 © Mango Fresh and Creative © STRABAG
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Disclaimer 2 Rounding differences may occur due to the use of automated calculation aids. This presentation is made by STRABAG SE (the “Company”) solely for use at investor meetings and is furnished to you solely for your information. This presentation speaks as of February 2026. 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 parents or subsidiaries or any of such person's directors, officers, employees or advisors nor any other person (i) accepts any obligation to update any information contained herein or to adjust it to future events or developments or (ii) 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 parents or subsidiaries or any of their directors, officers, employees and advisors nor any other person shall have any liability whatsoever (in negligence or otherwise) 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. Where any information and statistics are quoted from any external source, such 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. This presentation does not contain any recommendation or invitation to buy or sell securities in STRABAG SE. 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.
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3 01 Highlights 2025 © STRABAG
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4 With output exceeding € 20 billion for the first time, an order backlog of more than € 30 billion and a higher EBIT margin, we reached several historic milestones in the 2025 financial year. These results underline the resilience of our business model and the consistent implementation of our strategy with a focus on growth markets. This puts us in a strong position as we enter 2026 and allows us to look ahead with confidence, particularly to opportunities in infrastructure. Stefan Kratochwill CEO STRABAG SE
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Major project wins in energy, water, mobility and high-tech 5 HIGHLIGHTS 2025 2025 – a year of new benchmarks © STRABAG/Siemens Energy € 20.4 bn +6% vs. 2024 € 31.4 bn +24% vs. 2024 ≥ 6.5% 2024: 6.1% Output volume exceeds € 20bn for first time Growth across all operating segments Order backlog grows strongly year-on-year Backlog expanded across strategic growth markets EBIT margin of at least 6.5% expected for 2025 Positive effects from major German and international projects
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Infrastructure and industrial construction as backbone of growth HIGHLIGHTS 2025 6 High structural demand for mobility infrastructure upgrades in Germany and expansion in CEE Energy & water infrastructure driven by the energy transition and ageing water networks Positive developments in commercial and industrial construction, especially in high-tech facilities Stabilisation at a low level in residential construction Shift from private to public contracts has been reversing since Q1 2025 Further development dependent on interest rates, financing conditions, and construction & land prices Infrastructure Building construction Public vs. private Infrastructure, civil engineering & tunnelling > 50% of Group output volume Residential construction< 10% of Group output volume Public customers> 60% Client structure STRABAG more than offsets declining trends in individual construction segments
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N+W 2 Germany N.A. © IPAI/MVRDV HIGHLIGHTS 2025 Focus on growth markets drives order backlog 7 Operating segment: North + West South + East International + Special Divisions I+S 3 Australia ~ € 170 mn © Department of Transport and Main Roads, Brisbane AI generated N+W 4 Europe N.A. N+W 6 Germany N.A. S+E 5 DE + CEE ~ € 1.3 bn © PKP Polskie Linie Kolejkowe SA © DB Netz/Rambøll I+S 1 United Kingdom ~ € 3.0 bn1) © drhfoto – stock.adobe.com 1) Expected construction output; 2) Haweswater Aqueduct Resilience Programme; included in STRABAG’s PPP portfolio Water infrastructure project HARP2), replacing six tunnel sections; design & build incl. 25 years of maintenance 1 Turnkey construction of first phase of Innovation Park Artificial Intelligence (IPAI) 2 Upgrade of key transport corridor linking Gateway and Bruce Highways, Brisbane 3 Fehmarn Sound Crossing: major contract for tunnel link to island of Fehmarn 6 Construction of a major European semiconductor fab 4 Acquisition of several major rail projects in Germany, Eastern & South-East Europe 5 N+W 5
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8 02 Group & Segment Performance 2025 © STRABAG
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GROUP PERFORMANCE 2025 Output and order backlog at all-time highs Output volume | € mn Output exceeds € 20 bn for first time About half of output increase from Georgiou Group acquisition in Australia1) Growth in existing markets led by Poland, Czech Republic and Germany Decline in UK due to deferral of output from major projects into subsequent years Order backlog | € mn 2023 2024 2025 19,139 19,239 20,424 +6% 2023 2024 2025 23,466 25,362 31,375 +24% Order backlog strongly up year-on-year Increase driven by strategic growth markets in mobility, energy and water infrastructure, as well as high-tech facilities Strongest growth in UK, Germany and Czech Republic Australia contributed around € 800 million to order backlog 9 Output volume by region | % 47 14 25 7 7 Germany Austria CEE Rest of Europe Rest of world 47 8 19 18 8 Germany Austria CEE Rest of Europe Rest of world Order backlog by region | % 1) Acquisition completed in Q1 2025, with YTD contributions included.
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SEGMENT PERFORMANCE 2025 Output and order backlog up across all operating segments North + West International + Special Divisions South + East 10 Germany Switzerland Benelux Scandinavia Regions Ground Engineering Areas 4th, non-operating segment “Other”, output volume < 1%, not shown 8,531 Output volume | € mn 13,414 Order backlog | € mn 23,161 Employees | FTE Share of Group output volume | %42 37 7,694 Output volume | € mn 7,963 Order backlog | € mn 26,218 Employees | FTE Share of Group output volume | % Austria Poland Czech Republic Slovakia Hungary Romania South-East Europe Regions Construction Materials Areas 20 Share of Group output volume | % International United Kingdom Australia Regions Tunnelling Infrastructure Development Real Estate Development Building Solutions Energy Infrastructure Hold Estate Areas 4,030 Output volume | € mn 9,982 Order backlog | € mn 22,796 Employees | FTE
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SEGMENT PERFORMANCE 2025 North + West: Germany drives segment performance Key Indicators Performance 2025 Output volume − Germany Growth driven by major infrastructure and high-tech projects Local road construction limited by late budget approval (Oct. 2025) − Benelux up, primarily due to growth in building construction Order backlog − Increases mainly in Germany, Benelux and Switzerland − New projects focused on energy infrastructure, and commercial and industrial construction Employees − Headcount increase mainly attributable to Germany € mn 2025 2024 Δ% Output volume 8,531 8,240 4 Order backlog 13,414 12,088 11 Employees (FTE) 23,161 22,392 3 Output volume | € mn 2023 2024 2025 8,217 8,240 8,531 +4% Order backlog | € mn 11 2023 2024 2025 11,207 12,088 13,414 +11% Outlook on 2026 output
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SEGMENT PERFORMANCE 2025 South + East: Infrastructure momentum in CEE and SEE Key Indicators Performance 2025 Output volume − Poland and Czech Republic driving output growth − Austria almost stable despite weak residential market and municipal budget constraints Order backlog − Growing backlog in core CEE markets, strongest in Czech mobility infrastructure − Major project wins in the Czech Republic, Poland and Slovenia Employees − Staffing levels aligned with output trends: growth in Poland, reduction in Austria Output volume | € mn 2023 2024 2025 7,742 7,502 7,694 +3% Order backlog | € mn € mn 2025 2024 Δ% Output volume 7,694 7,502 3 Order backlog 7,963 7,738 3 Employees (FTE) 26,218 26,852 -2 12 2023 2024 2025 7,074 7,738 7,963 +3% Outlook on 2026 output
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SEGMENT PERFORMANCE 2025 International + Special Divisions: UK & Australia lead backlog growth Key Indicators Performance 2025 Output volume − Australia with strongest contribution (Georgiou Group acquisition1)) − Remaining growth from existing markets – especially Austria, the Czech Republic and Poland − Timing shifts in UK megaproject output into subsequent years Order backlog − Backlog driven by major UK project (HARP) and Australia acquisition − Further backlog growth from the Middle East, the Czech Republic and Austria Employees − >800 employees integrated through Australia acquisition − Headcount up in the Middle East, Austria and the Czech Republic Output volume | € mn 2023 2024 2025 2,957 3,269 4,030 +23% Order backlog | € mn € mn 2025 2024 Δ% Output volume 4,030 3,269 23 thereof Australia 578 - - Order backlog 9,982 5,505 81 thereof Australia 793 - - Employees (FTE) 22,796 21,255 7 thereof Australia 846 - - 13 2023 2024 2025 5,159 5,505 9,982 +81% Outlook on 2026 output 1) Acquisition completed in Q1 2025, with YTD contributions included.
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14 04 © Mango Fresh and Creative Share & Outlook 2026
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STRABAG on the capital markets SHARE 15 STRABAG share price development 1) On 30 May 2025, UNIQA Österreich Versicherungen AG sold 1,800,000 STRABAG shares to institutional investors in a private placement (accelerated bookbuilding process). 2) On 21 March and 17 October 2025, the Haselsteiner family sold 2,000,000 and 2,500,000 STRABAG shares, respectively, to institutional investors via private placements (accelerated bookbuilding processes). 3) The ongoing asset freeze in line with EU sanctions prohibits MKAO “Rasperia Trading Limited” from exercising all rights associated with its STRABAG SE shares. Consensus Shareholder structure | % Analyst recommendations 2025e 2026e 2027e Revenue (€ mn) 18,859 19,947 20,904 Adjusted EBIT including associates (€ mn) 985 1,017 1,103 Reported net income after minorities (€ mn) 694 713 767 Dividend per share (€) 2.55 2.63 2.77 Reported EPS (€) 6.02 6.17 6.64 P/E 12.0 12.5 15.0 4 1 Ø TP € 86.30 STRABAG SE Listed on the Vienna Stock Exchange (VSE) since 2007 S&P Rating: BBB+, outlook stable ISIN: AT000000STR1 No. of shares: 118.2 mn VSE: STR Bloomberg: STR:AV Reuters: STRV.VI Erste Group | BUY Kepler Cheuvreux | HOLD LBBW | BUY ODDO BHF | BUY Raiffeisen Research | BUY 30.4 26.9 24.1 16.2 2.4 UNIQA/Raiffeisen1) Haselsteiner family2) MKAO “Rasperia Trading Limited” 3) Free float Treasury shares Market cap € 10.9 bn 'Buy' includes 'Accumulate' and 'Outperform' 75% 100% 125% 150% 175% 200% 1.2.25 1.4.25 1.6.25 1.8.25 1.10.25 1.12.25 1.2.26 STRABAG ATX STOXX +95%
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STRABAG continues on its growth trajectory in 2026 16 OUTLOOK 2026 2026 guidance shows clear progress toward 2030 © STRABAG ~ € 22 bn 5.0% – 5.5% ≤ € 1.4 bn Output volume Based on high order backlog and expected contributions from acquisitions EBIT margin EBIT margin 2026 expected in a 5.0%–5.5% range Net investments Cash flow from investing activities
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Financial calendar 2026 12 28 21 12 28 12 April Annual and Sustainability Report 2025 Publication 7:00 a.m. CEST Investor and analyst conference call 3:00 p.m. CEST February Initial Figures 2025: Output volume, order backlog, employees and outlook 2026 June Annual General Meeting 2026 Begin 10:00 a.m. CEST May Trading Statement January-March 2026 Publication 7:00 a.m. CEST November Trading Statement January-September 2026 Publication 7:00 a.m. CEST August Semi-Annual Report 2026 Publication 7:00 a.m. CEST Investor and analyst conference call 3:00 p.m. CEST 17 The dates listed here are provisional. All dates are subject to change during the year.
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Contact Marco Reiter Head of Investor Relations marco.reiter@strabag.com Asmir Music Investor Relations Manager asmir.music@strabag.com Natascha Schulz Investor Relations Manager natascha.schulz@strabag.com investor.relations@strabag.com +43 800 880890 strabag.com STRABAG SE Donau-City-Str. 9 1220 Vienna Austria