Slides
Page 1
STRABAG SE with strong growth in output volume and order backlog Trading Statement 3M 2025 © Mango Fresh and Creative © HS2
Page 2
Disclaimer 2 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 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 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 lii) 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. 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. Rounding differences may occur due to the use of automated calculation aids.
Page 3
3 01 Highlights 3M 2025
Page 4
4 The dynamic trend from last year continued into the first quarter of 2025. Our teams demonstrated their usual STRABAG expertise and secured major projects – especially in the semiconductor industry, rail construction and energy infrastructure. This allowed us to grow our order backlog to a new record of over € 28 billion – an increase of 14% year on year. That sends a strong signal and makes us optimistic for the rest of the year. Stefan Kratochwill CEO STRABAG SE
Page 5
Major projects secured in semiconductors, rail and energy 5 HIGHLIGHTS 3M 2025 STRABAG sets new benchmarks in the first quarter of 2025 € 3.7 bn +8% vs. 3M 2024 € 28.0 bn +14% vs. 3M 2024 ~ € 21.0 bn Output volume 2025 Output well above previous year Growth evenly from existing markets and Australia acquisition Order backlog exceeded € 28 bn – new record Key core markets with double-digit growth rates Progressing towards ambitious 2025 goals Guidance for full year 2025 confirmed
Page 6
Strong infrastructure, improving building construction HIGHLIGHTS 3M 2025 6 Positive trends in mobility and energy infrastructure Growing demand for energy transition projects Continued solid activity in industrial and public building construction Signs of stabilisation in residential construction since Q3 2024 Shift from private to public customers stabilised in Q1 2025 Trend expected to ease further as interest rates decline 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
Page 7
HIGHLIGHTS 3M 2025 Major projects acquired in key strategic areas 7 Operating segment: North + West South + East International + Special Divisions S+E 2 CZ, SK, HR ~ € 320 mn © Jungnickel Fotografie N+W 3 Netherlands ~ € 139 mn © Powerhouse Company (Parkside) / Rijnboutt (Hillside and Brightside) © ASFINAG S+E 4 Austria ~ € 108 mn I+S 6 Croatia ~ € 33 mn S+E 5 Slovenia > € 80 mn © Mendota Invest N+W 1 Germany N.A. AI generated Key semiconductor production project1 Three major rail projects acquired in the Czech Republic, Slovakia & Croatia 2 Residential construction project "&Amsterdam“, 561 apartments 3 Construction of a water treatment plant for the drinking water supply of the city of Split 6 Replacement of the bridge Luegbrücke on the Brenner motorway in Tyrol 4 Construction of multifunctional complex Emonika in Ljubljana 5
Page 8
8 02 Group & Segment Performance 3M 2025
Page 9
GROUP PERFORMANCE 3M 2025 New record for output and order backlog Output volume | € mn Significant increase in output volume Half of the output volume increase from newly acquired Georgiou Group (Australia)1) Growth in existing markets led by Poland, Austria and Germany In addition to construction, Building Solutions also grew year-on-year Order backlog | € mn 3M 2023 3M 2024 3M 2025 3,385 3,436 3,716 +8% 3M 2024 2024 3M 2025 24,553 25,362 28,050 +11% Order backlog > € 28 bn for the first time Double-digit growth in key markets: Germany, Austria, Czech Republic, Slovakia Australia consolidation contributed € 751 mn to order backlog UK & Americas saw decline in order volume due to ongoing completion of major projects 9 Output volume by region | % 47 15 20 9 9 Germany Austria CEE Rest of Europe Rest of world 52 10 22 9 7 Germany Austria CEE Rest of Europe Rest of world Order backlog by region | % 1) Acquisition completed in Q1 2025, with first-quarter contributions included.
Page 10
SEGMENT PERFORMANCE 3M 2025 Strong performance across all operating segments North + West International + Special Divisions South + East 10 Germany Switzerland Benelux Scandinavia Regions Ground Engineering Areas 4th, non-operating segment “Others”, output volume ~1%, not shown 1,533 Output volume | € mn 13,091 Order backlog | € mn 22,829 Employees | FTE Share of Group output volume | %41 31 1,126 Output volume | € mn 8,530 Order backlog | € mn 23,738 Employees | FTE Share of Group output volume | % Austria Poland Czech Republic Slovakia Hungary Romania South-East Europe Regions Construction Materials Areas 27 Share of Group output volume | % International United Kingdom Australia Regions Tunnelling Infrastructure Development Real Estate Development Building Solutions Energy Infrastructure Hold Estate Areas 1,009 Output volume | € mn 6,380 Order backlog | € mn 22,310 Employees | FTE
Page 11
SEGMENT PERFORMANCE 3M 2025 North + West: Germany drives backlog growth Key Indicators Performance 3M 2025 Output volume − stable development in Germany and Switzerland − Benelux up, primarily due to growth in building construction Order backlog − additions mainly in Germany and the Benelux countries − new projects in Germany focused on energy infrastructure and industrial construction Employees − higher employee count mainly from Germany € mn 3M 2025 3M 2024 Δ% Output volume 1,533 1,499 2 Order backlog 13,091 11,666 12 Employees (FTE) 22,829 21,918 4 Output volume | € mn 3M 2023 3M 2024 3M 2025 1,504 1,499 1,533 +2% Order backlog | € mn 11 3M 2023 3M 2024 3M 2025 10,601 11,666 13,091 +12% Outlook on 2025 output
Page 12
SEGMENT PERFORMANCE 3M 2025 South + East: Continued strong order growth in core markets Key Indicators Performance 3M 2025 Output volume − declines as expected in Austria (weak residential construction market) and Hungary (public investment freeze and withheld EU funds) − output growth mainly in Poland and the Czech Republic Order backlog − higher order volume in all of the Group’s core markets − strongest increases in the Czech Republic, Slovakia and Austria Employees − more employees in Poland, fewer in Austria, reflecting output trendsOutput volume | € mn 3M 2023 3M 2024 3M 2025 1,163 1,167 1,126 -4% Order backlog | € mn € mn 3M 2025 3M 2024 Δ% Output volume 1,126 1,167 -4 Order backlog 8,530 7,616 12 Employees (FTE) 23,738 25,026 -5 12 3M 2023 3M 2024 3M 2025 8,489 7,616 8,530 +12% Outlook on 2025 output
Page 13
SEGMENT PERFORMANCE 3M 2025 International + Special Divisions: Australia acquisition completed Key Indicators Performance 3M 2025 Output volume − largest increase in Australia (Georgiou Group acquisition1)) − output growth primarily in Austria, Poland and Germany (mainly in building solutions and real estate development) Order backlog − Australia consolidation added € 751 mn to segment’s order backlog − growth in existing markets led by Austria, Germany and Poland Employees − about 850 employees integrated through Australia acquisition − more employees in the Middle East and Austria, fewer in the Americas, in line with output trends Output volume | € mn 658 705 3M 2023 3M 2024 3M 2025 1,009 +43% Order backlog | € mn € mn 3M 2025 3M 2024 Δ% Output volume 1,009 705 43 thereof Australia 144 - - Order backlog 6,380 5,248 22 thereof Australia 751 - - Employees (FTE) 22,310 20,893 7 thereof Australia 857 - - 13 3M 2023 3M 2024 3M 2025 5,326 5,248 6,380 +22% Outlook on 2025 output 1) Acquisition completed in Q1 2025, with first-quarter contributions included.
Page 14
14 04 Share & Outlook 2025
Page 15
STRABAG on the capital markets SHARE & OUTLOOK 2025 15 STRABAG share price development 1) As of 21 March 2025, the Haselsteiner family sold 2,000,000 STRABAG shares to institutional investors in a private placement by means of an accelerated bookbuilding process. 2) 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 | since April 2025 Analyst recommendations 2024e 2025e 2026e Revenue (€ mn) 17,501 19,206 19,733 Clean EBIT incl. associates (€ mn) 1,030 931 953 Reported net income after minorities (€ mn) 737 660 657 Dividend per share (€) 2.27 2.30 2.35 Reported EPS (€) 6.46 5.72 5.69 P/E 6.9 11.2 10.9 3 1 Ø TP € 64.4 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 | BUY LBBW | HOLD ODDO BHF | BUY 31.9 29.0 24.1 12.6 2.4 Raiffeisen/UNIQA Haselsteiner Family1) MKAO2) „Rasperia Trading Limited“ Free float Treasury shares in % 50% 100% 150% 200% 250% 17.5.24 17.7.24 17.9.24 17.11.24 17.1.25 17.3.25 17.5.25 STRABAG ATX STOXX
Page 16
Significant increase in output expected for 2025 16 SHARE & OUTLOOK 2025 Guidance for full year 2025 confirmed ~ € 21 bn ≥ 4.5% ≤ € 1,1 bn Output volume Based on high order backlog and expected contributions from acquisitions EBIT margin EBIT margin target raised due to first effects of Strategy 2030 Net investments Cash flow from investing activities
Page 17
SHARE & OUTLOOK 2025 Financial calendar 2025 13 28 22 13 28 13 April Annual and Sustainability Report 2024 Publication 7:00 a.m. CEST Investor and analyst conference call 3:00 p.m. CEST February Initial Figures 2024: output volume, order backlog, employees and outlook 2025 June Annual General Meeting 2025 Begin 10:00 a.m. CEST May Trading Statement January-March 2025 Publication 7:00 a.m. CEST November Trading Statement January-September 2025 Publication 7:00 a.m. CET August Semi-Annual Report 2025 Publication 7:00 a.m. CEST Investor and analyst conference call 3:00 p.m. CEST 17
Page 18
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