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Press Release Q1 2021 : HOCHTIEF delivers solid net profit of EUR 86 million // 31 % increase in new orders // 2021 guidance confirmed • • • A HOCHTIEF Nominal net profit of EUR 86 million , -3 % year on year ( yoy ) and like for like , + 2 % pre Abertis , notwithstanding Covid effects о Sales in Q1 2021 of EUR 4.9 billion , yoy -12 % ( -9 % fx - adjusted ) vs. a ○ high pre - Covid comparison level ; robust operational margins Operational net profit of EUR 99 million ; EUR 102 million pre - Abertis ( + 6 % yoy ) New orders up + 31 % yoy to EUR 5.9 billion ; order backlog of EUR 47.6 billion , up 6 % yoy O Strong recovery in new orders driven by Asia Pacific and Americas , ○ notwithstanding Covid Net cash from operating activities pre - factoring of EUR 675 million last twelve months ( LTM ) remains robust Free cash flow level pre - factoring stable yoy , despite lower revenue and Covid impact Net operating capex significantly lower at EUR 20 million after 50 % Thiess divestment Net cash up EUR +141 million yoy , after EUR 722 million shareholder remuneration LTM Guidance for 2021 confirmed : operational net profit of EUR 410-460 million ( + 11 % to 25 % yoy like for like ) ; improving trends in Group's key markets O Solid tender pipeline of more than EUR 620 billion in 2021 and beyond incl . PPP pipeline of EUR 180 billion and numerous stimulus packages CORPORATE HEADQUARTERS CORPORATE COMMUNICATIONS Contact : Martin Bommersheim Alfredstraße 236 45133 Essen , Germany Tel .: +49 201 824-2642 presse@hochtief.de Page 1 of 4 05/11/2021 HOCHTIEF has started 2021 in a positive manner notwithstanding the impact of Covid . CEO Marcelino Fernández Verdes : " We have seen a strong recovery in new orders during the first quarter of the year . Looking forward , we are optimistic that this positive trend will continue , supported by the stimulus and infrastructure plans being put in place by governments in our key markets . " In the first quarter of the year , the Group has delivered a nominal net profit of EUR 86 million . This compares with EUR 89 million in Q1 2020 on a like - for - like HOCHTIEF Aktiengesellschaft Sitz der Gesellschaft : Essen , Registergericht : Essen HRB 279 , USt - IdNR . DE 1198 171 25 , StNr . 5112/5710/0012 , Vorsitzender des Aufsichtsrates : Pedro López Jiménez ; Vorstand : Marcelino Fernández Verdes ( Vorsitzender ) , Nikolaus Graf von Matuschka , José Ignacio Legorburo Escobar , Peter Sassenfeld