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Order backlog surpasses € 30 billion for the first time Trading Statement 9M 2025 © Mango Fresh and Creative © Deutsche Bahn/Oliver Lang
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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 November 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 (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 9M 2025
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4 That our order backlog has surpassed € 30 billion for the first time clearly demonstrates that our focus on growth markets such as energy and water infrastructure, mobility and high-tech construction is paying off. The consistent implementation of our Strategy 2030 is clearly reflected in our results. Despite challenges in individual markets, we continue to expect strong output growth for the full year 2025 – once again proving our strength and resilience. Stefan Kratochwill CEO STRABAG SE
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Major projects acquired in energy, water, mobility and AI 5 HIGHLIGHTS 9M 2025 Strong Q3 order intake sets stage for record backlog © IPAI/MVRDV € 14.4 bn +6% vs. 9M 2024 € 31.4 bn +24% vs. 9M 2024 ~ € 20.5 bn Output volume 2025 Output volume well ahead of last year Balanced growth from existing markets and Australia acquisition Order backlog surpasses € 30 billion for first time Strong increases in key core markets and UK Output growth of approx. 7% expected for 2025 2025 output forecast slightly reduced; EBIT margin target raised to ≥ 5.0%
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Robust infrastructure, improving building construction HIGHLIGHTS 9M 2025 6 Overall positive trends in mobility and energy infrastructure Interim public sector budget constrained YTD output in Germany; final budget adopted in October 2025 Positive developments in industrial and public building construction Stabilisation in residential construction since Q3 2024 Shift from private to public customers has stabilised since 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
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N+W 2 Germany N.A. © IPAI/MVRDV HIGHLIGHTS 9M 2025 Strategic priorities driving new projects 7 Operating segment: North + West South + East International + Special Divisions I+S 3 Australia ~ € 125 mn © Main Roads Western Australia © STRABAG/Siemens Energy S+E 4 Austria N.A. S+E 6 Slovenia ~ € 134 mn S+E 5 Poland ~ € 268 mn © PKP Polskie Linie Kolejkowe SA © Mendota Invest 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 Design & build contract for Reid Highway upgrade, Perth3 Construction of southern part of Emonika development, Ljubljana (incl. northern part: € 230 mn) 6 Construction of one of Europe's largest electrolysis plants for OMV 4 Design & build contract for modernisation of Maksymilianowo railway hub 5
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8 02 Group & Segment Performance 9M 2025
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GROUP PERFORMANCE 9M 2025 Output and order backlog at record levels Output volume | € mn Sustained output expansion About half of output increase from Georgiou Group acquisition in Australia1) Growth in existing markets led by Poland, Czech Republic and Germany Execution of large-scale mobility and energy infrastructure as well as industrial projects Order backlog | € mn 9M 2023 9M 2024 9M 2025 13,642 13,618 14,447 +6% 9M 2024 2024 9M 2025 25,335 25,362 31,362 +24% Order backlog > € 30 mn for first time Acquisition of several flagship projects in Q3, aligned with Strategy 2030 Largest growth in the UK, Germany, Czech Republic and Austria Australia contributing approx. € 700 million to the order backlog 9 Output volume by region | % 46 15 24 7 8 Germany Austria CEE Rest of Europe Rest of world 48 9 20 18 5 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 9M 2025 Growth 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 5,950 Output volume | € mn 13,818 Order backlog | € mn 22,963 Employees | FTE Share of Group output volume | %41 37 5,389 Output volume | € mn 8,439 Order backlog | € mn 25,996 Employees | FTE Share of Group output volume | % Austria Poland Czech Republic Slovakia Hungary Romania South-East Europe Regions Construction Materials Areas 21 Share of Group output volume | % International United Kingdom Australia Regions Tunnelling Infrastructure Development Real Estate Development Building Solutions Energy Infrastructure Hold Estate Areas 2,981 Output volume | € mn 9,088 Order backlog | € mn 22,920 Employees | FTE
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SEGMENT PERFORMANCE 9M 2025 North + West: Germany fuels backlog growth Key Indicators Performance 9M 2025 Output volume − Germany: Interim public budget constrained local road construction output; full budget approved in Oct 2025 − Benelux up, primarily due to growth in building construction Order backlog − Additions mainly in Germany, the Benelux countries and Switzerland − New projects focused on energy infrastructure, and commercial and industrial construction (incl. high-tech facilities) Employees − Higher employee count mainly from Germany € mn 9M 2025 9M 2024 Δ% Output volume 5,950 5,874 1 Order backlog 13,818 12,206 13 Employees (FTE) 22,963 22,237 3 Output volume | € mn 9M 2023 9M 2024 9M 2025 5,921 5,874 5,950 +1% Order backlog | € mn 11 9M 2023 9M 2024 9M 2025 11,554 12,206 13,818 +13% Outlook on 2025 output
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SEGMENT PERFORMANCE 9M 2025 South + East: Strong momentum in CEE and SEE Markets Key Indicators Performance 9M 2025 Output volume − Output growth led by Poland and Czech Republic − Decline in Austria as expected, due to lingering effects of past residential construction market downturn Order backlog − Czech Republic with major contribution: € 395 mn in new rail infrastructure and public transport projects − Slovenia: € 134 mn Emonika (southern part) project win in Q3 Employees − Headcount up in Poland, down in Austria, following output trends Output volume | € mn 9M 2023 9M 2024 9M 2025 5,435 5,268 5,389 +2% Order backlog | € mn € mn 9M 2025 9M 2024 Δ% Output volume 5,389 5,268 2 Order backlog 8,439 8,151 4 Employees (FTE) 25,996 26,715 -3 12 9M 2023 9M 2024 9M 2025 7,529 8,151 8,439 +4% Outlook on 2025 output
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SEGMENT PERFORMANCE 9M 2025 International + Special Divisions: UK & Australia lead backlog growth Key Indicators Performance 9M 2025 Output volume − Australia with strongest contribution (Georgiou Group acquisition1)) − Remaining growth from existing markets – especially Austria, Germany, Czech Republic − Temporal output shifts in UK megaprojects Order backlog − Backlog driven by major UK project (HARP) and Australia acquisition − Double-digit growth in Austria, Germany, Czech Republic and Poland Employees − >800 employees integrated via Australia acquisition − Headcount up in Middle East and Austria, down in Americas Output volume | € mn 9M 2023 9M 2024 9M 2025 2,981 2,114 2,288 +30% Order backlog | € mn € mn 9M 2025 9M 2024 Δ% Output volume 2,981 2,288 30 thereof Australia 431 - - Order backlog 9,088 4,955 83 thereof Australia 696 - - Employees (FTE) 22,920 21,373 7 thereof Australia 840 - - 13 9M 2023 9M 2024 9M 2025 5,251 4,955 9,088 +83% Outlook on 2025 output 1) Acquisition completed in Q1 2025, with YTD contributions included.
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14 04 Share & Outlook 2025
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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 October 2025 | % Analyst recommendations 2025e 2026e 2027e Revenue (€ mn) 19,134 19,868 20,790 Adjusted EBIT including associates (€ mn) 962 1,009 1,090 Reported net income after minorities (€ mn) 680 703 761 Dividend per share (€) 2.50 2.58 2.70 Reported EPS (€) 5.90 6.09 6.59 P/E 13.9 13.4 15.6 3 2 Ø TP € 85.60 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 | HOLD 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 € 8.6 bn 'Buy' includes 'Accumulate' and 'Outperform' 75% 100% 125% 150% 175% 200% 225% 250% 16.10.24 16.12.24 16.2.25 16.4.25 16.6.25 16.8.25 16.10.25 STRABAG ATX STOXX +90%
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Strategy 2030: Foundation for 2025 success 16 OUTLOOK 2025 2025 output forecast slightly reduced; EBIT margin target raised ~ € 20.5 bn ≥ 5.0% ≤ € 1.4 bn Output volume ~ 7% output growth expected in 2025 – despite lower contributions from German road construction1) and project execution shifts in the UK EBIT margin EBIT margin target for 2025 raised Net investments Cash flow from investing activities 1) Approval of the 2025 federal budget delayed until October due to federal elections.
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SHARE & OUTLOOK 2025 Financial calendar 2025/2026 13 12 28 21 12 28 February Initial Figures 2025: Output volume, order backlog, employees and outlook 2026 November Trading Statement January-September 2025 Publication 7:00 a.m. CET May Trading Statement January-March 2026 Publication 7:00 a.m. CEST April Annual and Sustainability Report 2025 Publication 7:00 a.m. CEST Investor and analyst conference call 3:00 p.m. CEST August Semi-Annual Report 2026 Publication 7:00 a.m. CEST Investor and analyst conference call 3:00 p.m. CEST June Annual General Meeting 2026 Begin 10:00 a.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