Slides
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The conference starts at 10:00 a.m.
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Investor presentation Q3 2025
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Investor presentation Q3 2025 Z M I E N I A M Y D L A W A S Ś W I A T
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High value of contracts pending PLN 10.2 bn (+2 bn q/q on the Polish market), incl. PLN 2.5 bn in rail Award for the largest CIT payer in the construction industry (PLN 605 million in taxes paid by the Group over the last 3 years) Backlog and signed contracts as main KPIs EBIT margin increase in the construction segment up to 8.1% (+0.5 p.p. y/y) Z M I E N I A M Y D L A W A S Ś W I A T
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Macroeconomic environment Z M I E N I A M Y D L A W A S Ś W I A T budimex3 01 MACROECONOMIC ENVIRONMENT 02 BUDIMEX GROUP FINANCIAL RESULTS 03 BACKLOG AND CONTRACTS SIGNED 04 FBSERWIS & MOSTOSTAL KRAKÓW 05 MARKET OUTLOOK 06 ESG Z M I E N I A M Y D L A W A S Ś W I A T
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4,00 1,00 0,50 4,50 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1,7 - 1,6 16,2 2,9 Macroeconomicenvironment In October, the interest rate amounted to 4.50%. The 25 bp reduction is in line with the current policy of gradual monetary policy easing. According to the announcements of the Monetary Policy Council, the cycle of reductions will be carried out slowly, and the market expects rates to reach 3-3.5% in 2026. Inflation (%, y/y), reference rate in Poland (%) Inflation (%,y/y) Reference rate (%) GDP dynamic and CPI inflation in Poland (%, y/y) Source CSO, NBP (October 2025) According to estimates by the Central Statistical Office (GUS), domestic inflation in September amounted to 2.9%. According to July forecasts by the National Bank of Poland (NBP), inflation will remain elevated throughout 2025. The projection assumes that maximum energy prices cap will be abolished in Q4 2025.3,1 4,8 5,4 4,7 -2,5 5,7 5,1 0,1 2,9 3,6 3,1 2,5 -0,6 2,0 1,6 2,3 3,4 5,1 14,4 11,4 3,6 3,9 3,1 2,4 '16 '17 '18 '19 '20 '21 '22 '23 '24 '25f '26f '27f GDP dynamics CPI inflation
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In September, the PMI index for Poland rose to 48 points from 44.8 points recorded in June. Since the beginning of the year, the index has gradually signalled an improvement in sentiment in the industry, but due to the low level of investment, the readings for May-August came as a negative surprise to the market. In the eurozone, the index is showing a gradual recovery. Decrease in construction and assembly production by 0.8% in January-September 2025 compared to the same period in 2024. Individual segments of construction and assembly production were as follows: • building construction (-7.1% y/y), • civil engineering (-1.7% y/y), • specialised construction (8.4% y/y). Dynamics of construction and assembly output (%, y/y, fixed prices) PMI Index Source: CSO (October 2025), S&P Macroeconomicenvironment -4,9% -1,2% 11,7% -1,3% -7,3% -7,1% -2,0% 2,8% 2,8% 11,3% -6,7% -1,7% 1,3% 9,3% 5,4% 2,7% -9,8% 8,4% -2,2% 3,2% 6,2% 5,0% -7,7% -0,8% '20 '21 '22 '23 '24 01-09'25 Construction of buildings Civil engineering Specialized construction 47,3 49,2 48,2 50,6 44,8 46,6 48,045,0 46,0 45,2 48,7 50,7 49,850 07'24 08'24 09'24 10'24 11'24 12'24 01'25 02'25 03'25 04'25 05'25 06'25 07'25 08'25 09'25 PMI Poland PMI eurozone
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Data: CSO, Budimex analysis Buildings Railway Roads * Data for companies with more than 9 employees Elementsof constructionand assemblyoutput Building and construction output forecast (nominal values in PLN bn)* Dynamics of constructionand assembly output (%, r/r, fixed prices) 36,7 41,8 49,6 53,6 53,3 56,0 69,7 74,3 71,8 51,7 53,3 37,9 42,3 52,3 54,5 55,2 61,1 70,6 87,6 86,1 54,0 54,974,5 84,1 102,0 108,1 108,5 117,1 140,4 161,9 157,9 105,7 108,3 2016 2017 2018 2019 2020 2021 2022 2023 2024 Q1-Q3 2024 Q1-Q3 2025 2025f 2026f Buildings Civil engineering 2,8% -14,1% 12,1% 17,9% 2,6% -2,2% 3,2% 6,2% 5,0% -7,7% -7,0% -0,8% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 I-IX 2024 I-IX 2025
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Market margins have been stabilised by the introduction of indexation mechanisms Data: CSO (September 2025) Margins of construction companies by size 8,7% 8,2% 8,8% 11,9% 10,6% 9,2% 9,9% 9,6% 11,1% 10,4% 7,7% 6,7% 5,2% 6,7% 5,1% 7,5% 7,3% 7,4% 11,2% 9,8% 11,4% 7,4% 6,9% 4,6% 4,1% 2,6% 2,4% 1,2% 2,4% 4,1% 5,3% 6,5% 5,6% 4,5% 4,2% 3,6% '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 1H'24 1H'25 10-49 employees 50-249 employees >=250 employees
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Concrete Steel Asphalt Diesel 1Q’10 = 100 2Q’20 = 100 1Q’10 = 100 2Q’20 = 100 1Q’10 = 100 2Q’20 = 100 1Q’10 = 100 2Q’20 = 100 Data: Budimex (October 2025), LOTOS Prices of selected raw materials 152 147 0 50 100 150 200 250 3Q10 3Q11 3Q12 3Q13 3Q14 3Q15 3Q16 3Q17 3Q18 3Q19 3Q20 3Q21 3Q22 3Q23 3Q24 3Q25 196 138 0 50 100 150 200 250 3Q10 3Q11 3Q12 3Q13 3Q14 3Q15 3Q16 3Q17 3Q18 3Q19 3Q20 3Q21 3Q22 3Q23 3Q24 3Q25 173 207 0 50 100 150 200 250 300 3Q10 3Q11 3Q12 3Q13 3Q14 3Q15 3Q16 3Q17 3Q18 3Q19 3Q20 3Q21 3Q22 3Q23 3Q24 3Q25 149 134 0 50 100 150 200 250 300 350 3Q10 3Q11 3Q12 3Q13 3Q14 3Q15 3Q16 3Q17 3Q18 3Q19 3Q20 3Q21 3Q22 3Q23 3Q24 3Q25 Chart Title
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Macroeconomical environment Budget deficit Inflation (PPI & CPI PMI Remuneration dynamics Material prices Demography and workforce availability Interest rates EU Funds Favourable Stable UnfavourableTrends for 2026: Trends affectingthe current market situation
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Financial results of the Budimex Group Z M I E N I A M Y D L A W A S Ś W I A T budimex3 01 MACROECONOMICAL ENVIRONMENT 02 BUDIMEX GROUP FINANCIAL RESULTS 03 ORDERBOOK AND CONTRACTS SIGNED 04 FBSERWIS & MOSTOSTAL KRAKÓW 05 MARKET OUTLOOK 06 ESG Z M I E N I A M Y D L A W A S Ś W I A T
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Revenues (PLN M) EBIT (PLN M) Net profit* (PLN M) 7,9% 6,9%7,8% 6,9% Financial resultsfor Q1-Q32025 * Net profit for shareholders of the parent company 447 441 Q1-Q3'24 Q1-Q3'25 508 509 Q1-Q3'24 Q1-Q3'25 6 510 6 409 Q1-Q3'24 Q1-Q3'25 Lower revenues result from eliminations within the Group, which in Q1-Q3'25 amounted to PLN 113 million
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422 446 476 Q1-Q3'23 Q1-Q3'24 Q1-Q3'25 60 62 63 Q1-Q3'23 Q1-Q3'24 Q1-Q3'25 Construction segment Service segment* Revenue (PLN M) Revenues (PLN M ) EBIT (PLN M) EBIT (PLN M) 9,4%9,0%8,9% 7,6%7,2% 8,1% Revenues of the FBSerwis Group, which is a key asset within the services segment, amounted to PLN 655 million in the first three quarters. Sales of the construction segment of the Budimex Group in the first three quarters of 2025 amounted to PLN 5,852 million, while improving operating results. * The revenues of the services segment also take into account the activities of companies in the RES area and Budimex Parking Wrocław The operating profitability of the construction segment amounted to 8.1% and was higher than in the corresponding period of the previous year (7.6%), which confirms the effectiveness of the implemented cost strategy and optimization of design processes. Financial resultsby segment 670 686 670 Q1-Q3'23 Q1-Q3'24 Q1-Q3'25 6 346 5 875 5 852 Q1-Q3'23 Q1-Q3'24 Q1-Q3'25
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Evolution of the net cash position Net cash position in the Budimex Group (PLN bn) 0,8 1,4 1,4 1,2 1,5 2,0 1,7 1,4 1,8 2,3 1,7 1,1 1,2 1,9 1,2 0,50,5 1,0 0,5 0,1 0,4 1,2 1,41,4 1,61,6 2,1 2,82,82,7 3,0 2,0 2,2 3,13,3 2,72,9 3,83,9 2,6 2,4 3,1 2,8 1,81,9 09'14 09'15 09'16 09'17 09'18 09'19 09'20 09'21 09'22 09'23 09'24 09'25 • The change in the cash position of the Budimex Group results from: • Investments in fixed assets PLN 297 million • Investments in new areas of activity PLN 293 million
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Capital expenditures– fixedassetsin Budimex Group Value of CAPEX (PLN M)* In recent years, the Budimex Group has increased capital expenditures in order to increase competitiveness, including in the planned strategic investments. 26 4 31 46 35 28 58 54 40 48 2025 Road segment Rail segment Services segment RES Other CAPEX 2023 Q1-Q3 2025 Σ 142 PLN M Σ 228 PLN M *includes internal expenditures on renewable energy assets. Items related only to acquired tangible fixed assets.
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149 174 232 280 112 303 156 208 383 450 161 116 807 599 459 911 649 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 '25 Budimex has been regularly sharing profits with shareholders for 17 years Dividend history of the BudimexGroup PLN/share Total dividend in PLN M. 5,8 6,8 9,1 11,0 4,4 11,9 6,1 8,1 15,0 17,6 6,3 4,6 31,6 23,5 18,0 = 240,8 PLN/share6 147MLN ∑= Budimex is implementing the announced dividend policy for 2022-2026. The strategy assumes 100% dividend payment 35,7 25,4 324 324 162 Increased dividend
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Orderbook and contracts signed Z M I E N I A M Y D L A W A S Ś W I A T budimex3 01 MACROECONOMICAL ENVIRONMENT 02 BUDIMEX GROUP FINANCIAL RESULTS 03 BACKLOG AND CONTRACTS SIGNED 04 FBSERWIS & MOSTOSTAL KRAKÓW 05 MARKET OUTLOOK 06 ESG Z M I E N I A M Y D L A W A S Ś W I A T
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4,1 2,9 3,1 3,2 6,9 4,4 1,8 0,7 0,9 0,5 0,2 1,8 0,5 0,7 2,2 2,8 1,5 0,5 0,8 0,5 0,2 0,2 0,3 0,3 1,7 2,4 2,9 1,9 1,9 1,4 1,3 0,6 0,2 0,2 0,6 0,6 '20 '21 '22 '23 '24 Q1-Q3 24 Q1-Q3 25 8,2 3,9 Contractssigned(PLN bn) Roads General Construction ResidentialRailway and electro energy IndustrialHydrotechnical 7,9 7,0 9,0 8,3 12,5
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2,9 2,3 5,7 4,1 5,2 5,8 5,3 4,7 4,3 2,1 4,1 3,1 5,1 2,9 2,3 5,7 4,1 5,2 5,8 5,3 4,7 4,3 2,1 4,1 3,1 09'22 12'22 03'23 06'23 09'23 12'23 03'24 06'24 09'24 12'24 03'25 06'25 09'25 Contracts pending (PLN bn) Effectiveness of signed pending contracts: 90-95% In addition, there are contracts pending on foreign markets worth PLN 5,1 bn 5,1 Contractspendingwith high potential Significant value of contracts pending 18
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5,0 5,6 6,5 10,2 9,90,8 1,1 0,9 0,6 0,4 3,3 2,4 2,2 3,3 3,0 0,8 0,5 0,3 0,3 0,1 2,9 3,5 2,9 2,7 2,4 0,3 0,2 0,3 0,7 0,4 13 13,3 13,1 17,8 12'21 12'22 12'23 12'24 09'25 Aprox. 220 active contracts Backlog(PLN bn) 16,2 Roads General Construction ResidentialIndustrialHydrotechnical 39% 22% 2% 25% 6% 6% 42% 18% 9% 26% 2% 3% 49% 17% 7% 22% 2% 2% 57% 18% 3% 15% 4% 2% 61% 16% 3% 15% 2% 1% 16% 44% 27% 10% 1% 1% 1% 2025 2026 2027 2028 2029 2030 2031 Estimated maturity of the backlog (%) Expected growth at the end of 2025 Railway and electro energy
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In 2025, GDDKiA plans to announce tenders for at least 330 km of roads worth PLN 13.5 billion. In the third quarter of 2025, Budimex signed a contract for the construction of the Warzymice and Przecław bypass along DK13 worth PLN 349 million and smaller road contracts. Source: GDDKiA The value of contracts signed on the domestic road market (PLN bn )* 4,6 2,4 2,5 3,4 1,2 4,1 2,9 3,1 3,2 6,9 4,4 1,7 '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 1-3Q'24 1-3Q'25 Budimex contracting – road segment (PLN bn)* By the end of September 2025, tenders over PLN 50 million with a total value of PLN 3.7 billion were announced. Road market * The data refer to significant orders of GDDKiA worth more than PLN 100 million. 18,7 7,0 5,1 15,9 4,3 14,6 13,6 10,7 7,7 14,4 11,5 4,2 '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 1-3Q'24 1-3Q'25
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Railway market As announced, PKP PLK has started a cycle of increased investments. Originally, PLN 16 billion was planned for 2025, but the update published by PLK shows that tenders for the amount of approx. PLN 27 billion will be announced. Budimex signed a contract for the development of LK 622 Szczyrzyc- Tymbark worth PLN 705 million and was rated the highest for the LK 622 Podłęże - Gdów (PLN 1.8 billion). Source: PKP PLK Value of contracts signed on the domestic railway market (PLN b n)* Budimex contracting – railway segment (PLN bn)* During the three quarters of 2025, PKP PLK announced tenders with a total value of approx. PLN 20 billion. 0,2 0,1 1,3 0,5 3,2 1,8 0,5 0,7 2,2 2,8 1,5 0,2 '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 1-3Q'24 1-3Q'25 * The data refer to significant orders of PKP PLK worth more than PLN 100 million. 0,2 0,9 14,8 3,4 13,1 9,5 2,8 1,3 7,4 12,8 11,6 4,4 '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 1-3Q'24 1-3Q'25 PKP PLK's tender plan for 2026 is PLN 9.5 billion, while CPK is PLN 9.3 billion
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Production 2,4 2,2 1,7 1,6 2,1 2,3 2,0 1,3 1,7 2018 2019 2020 2021 2022 2023 2024 Q1-Q3'24 Q1-Q3'25 Contracts signed Backlog General construction(PLN bn)* *The data includes only the general construction division, including internal orders (excluding Mostostal Kraków) 2,2 1,8 2,4 2,0 2,5 1,5 1,9 1,6 1,2 2018 2019 2020 2021 2022 2023 2024 Q1-Q3'24 Q1-Q3'25 2,3 2,0 2,7 3,1 3,6 2,9 2,9 3,3 2,4 2018 2019 2020 2021 2022 2023 2024 Q1-Q3'24 Q1-Q3'25
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The value of PSE's announced and planned contracts (PLN million)* Source: PSE 150 134 0 1 225 348 892 0 936 600 855 1 755 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25p Q1'26p Q2'26p Q3'26p *tenders worth more than PLN 50 million PSE significantly increased the value of contracts announced. The tender plan for the next four quarters exceeds PLN 4 billion. Among the largest planned tenders are the 400 kV Gdańsk Błonia-Olsztyn Mątki line (PLN 650 million) and the 400 kV Krzemienica substation (PLN 510 million). In the third quarter of 2025, Budimex signed a contract for the construction of a 110/220 kV substation in Marszów (Lubuskie Voivodeship) worth PLN 134 million, and also submitted the lowest bid for the construction of the 400 kV Dobrzeń - Pasikurowice - Ostrów line and the expansion of the Gdańsk Błonia substation. Power gridmarket
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Industrialconstruction Status 2026+ outlook Nuclear (Bechtel) – ISO+ Road Infrastructure Implementation Certification to MOLF Energy, Environment, and Oil & Gas Projects Selection of the bid for the construction of the Lwówek Gas Compressor Station worth PLN 437 million Estimated expenditures on conventional energy worth PLN 10 billion in 2026 Selection of the bid for the construction of the RDF Incineration Plant in Tarnów with a value of PLN 145 million for the Budimex Group Prospective nuclear market worth PLN 62 billion (excluding technology) for 2027-2035 The value of submitted bids in 2025 is PLN 3.6 billion Additional market opportunities – wind farms, CCGT, heat pumps and hydrogen
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FBSerwis & Mostostal Kraków Z M I E N I A M Y D L A W A S Ś W I A T budimex3 01 MACROECONOMICAL ENVIRONMENT 02 BUDIMEX GROUP FINANCIAL RESULTS 03 ORDERBOOK AND CONTRACTS SIGNED 04 FBSERWIS & MOSTOSTAL KRAKÓW 05 MARKET OUTLOOK 06 ESG Z M I E N I A M Y D L A W A S Ś W I A T
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44 75 83 87 81 94 70 70 8,9% 12,2% 10,6% 10,4% 9,0% 10,0% 10,3% 10,7% '19 '20 '21 '22 '23 '24 09'24 09'25 86 118 130 139 136 144 107 108 17,4% 19,4% 16,7% 16,7% 15,1% 15,4% 15,9% 16,5% '19 '20 '21 '22 '23 '24 09'24 09'25 FBSerwis – financial results Cash (M PLN) EBITDA (M PLN) Revenue (M PLN) EBIT (M PLN) * *Net cash since the consolidation of 100% of FBSerwis shares 498 610 780 832 903 937 675 655 '19 '20 '21 '22 '23 '24 09'24 09'25 % EBITDA % EBIT 89 163 204 194 241 173 104 '20 '21 '22 '23 '24 09'24 09'25
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New contracts and key tenders Backlog A contract was signed with the General Directorate for National Roads and Motorways for year-round road maintenance covering two tasks in the Pomeranian region in the years 2024-2028, with a total net value of PLN 205.6 million (PLN 287.8 million with optional scope): • Scope 1: PLN 149,0 M net (Gdańsk) • Scope 2: PLN 56,6 M net (Człuchów) 89,5 398,0431,8 FM/SL ROADS WM 919,3 A contract was signed with MPO Łódź for the collection, transport and management of waste with a net value of PLN 9.8 million. Contracts were signed for operational support and technical maintenance of systems and installations in the facilities of the Regional Branch of TVP in Krakow with a net value of PLN 3.6 million. The bid selected as the most advantageous in three tenders of the General Directorate for National Roads and Motorways for year -round road maintenance in the Łódź region, with a total net value of PLN 136.3 million (PLN 218.1 million with optional scope): • Highway A1 (Łowicz district): PLN 54,9 M net (2026–2029) • Expressway S8 (Wieluń district): PLN 49,4 M net (2026–2030) • National roads (Wieluń district): PLN 32,0 M net (2026–2029) Completion of the construction of a new wastewater treatment plant in Tarnów worth PLN 25 million. The new plant operates with greater efficiency and meets BAT standards.
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Opening of a new biological waste treatment plant in Tarnów • The value of the investment is about PLN 25 million. • Hermetic process- The most important change is the elimination of the two-stage waste stabilization process. The entire process of biological waste treatment is carried out in one stage in a hermetic installation. • Minimizing wastewater- a system of recirculation of all technological wastewater has been introduced, which allows them to be reused in the process. • Improving fire protection standards– expansion of fire routes and increasing the amount of water intended for fire protection purposes.
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EBIT (PLN M) Net cash (PLN M) Contracts signed (PLN M)* Revenue (PLN M) Mostostal Kraków – financialresults *External and internal contracting 323 488 544 805 610 463 2021 2022 2023 2024 Q1-Q3'24 Q1-Q3'25 52 49 66 78 95 73 -5 -2 0 48 46 66 77 95 73 2020 2021 2022 2023 2024 09'2025 Cash Debt NTP 407 535 531 711 416 229 2021 2022 2023 2024 Q1-Q3'24 Q1-Q3'25 13,6 -1,8 9,4 29,2 37,2 38,4 2021 2022 2023 2024 Q1-Q3'24 Q1-Q3'25 699 m PLN in pending room by the end of Q3’25
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Foreignexpansionand development Developing competence in foreign markets Mostostal Kraków, in line with its strategic plan, is intensifying its activities on foreign markets. We are focusing on the German market, where we are developing the operational capabilities of our subsidiary and branch in Cologne, thereby strengthening our position as an integrated industrial contractor. Mostostal Kraków successfully delivers and assembles steel structures in the Baltic and Scandinavian markets. In recent months, the company has signed a contract for the delivery and assembly of a steel structure for a bridge in Lithuania – we will build a footbridge in Kaunas over the Vilia River. This is another project in this market and another one with the same customer – a leading Lithuanian construction company. We have successfully completed the first phase of adaptation to the requirements of the NQA-1 standard for the nuclear industry. Mostostal Kraków consistently carries out the tasks set for companies participating in the project to build Poland's first nuclear power plant. Obtaining the American NQA-1 certificate required the development of procedures in key areas: quality, equipment control, design, and technical documentation. The next step for the company is to prepare the technology for the construction of a mock-up structural module. Long-term perspective • Participation in strategic investments in Poland (Atom) • Taking advantage of the Group's expertise and synergies in foreign markets • Investments in modernization and increasing production capacity • Responsible policy for securing raw materials and currencies Q3 2025
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Market outlook Z M I E N I A M Y D L A W A S Ś W I A T budimex3 01 MACROECONOMICAL ENVIRONMENT 02 FINANCIAL RESULTS OF THE BUDIMEX GROUP 03 BACKLOG AND CONTRACTS SIGNED 04 FBSERWIS & MOSTOSTAL KRAKÓW 05 MARKET OUTLOOK 06 ESG Z M I E N I A M Y D L A W A S Ś W I A T
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Government National Road Construction Programme until 2033 PLN 28 bn Programme for Strengthening the National Road Network until 2030 PLN 294 bn 100 Bypasses Programme until 2030 PLN 58 bn National Railway Programme until 2030 > PLN 130 bn Investments in ports until 2030 PLN 100 bn CPK PLN 40 bn PSE programme until 2036 ≈ PLN 200 bn Off-shore until 2040 PLN 62 bn Nuclear power plants >PLN 100 bn Σ PLN 1000 bn Expenditure progress Summaryof investment programmes
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Infrastructure construction Railway construction Industrial construction Power grids Residential construction General construction - other Trendswithinmarket segments Favourable Stable UnfavourableTrends for 2026:
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European Funds for Infrastructure, Climate, Environment (FEnIKS) 14,0 9,2 4,8 4,8 7,5 10,2 '14-'20 '21-'27 Other (mainly energy) Railway Infrastructures 26,2 24,2 EU funding at record levels (EURbn) Data: European Commission, Ministry of Finance (as of December 2024)) A positive outlook for 28-33 funds spent in the N+3 formula National Recovery Plan Non-refundable grants Loans Green energy Green, smart mobility REPowerEU Digital transformation Economic resilience and competitiveness Quality of healthcare 25,3 34,5 Σ 60 25,3 15,4 6,5 4,4 4,43,9 Σ 60 Connecting Europe Facility (CEF) - resources for all countries (EUR bn) 23,0 24,7 5,8 7,6 '14-'20 '21-'27 Infrastructure + Railway Other 28,8 32,3 1 2 3 EUR 7 BN transferred to military purposes Loans - bridge financing Funds are allocated for individual projects, in Poland mainly railway projects (historically about 10% of the amount for Poland)
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ESG Z M I E N I A M Y D L A W A S Ś W I A T budimex3 01 MACROECONOMICAL ENVIRONMENT 02 FINANCIAL RESULTS OF THE BUDIMEX GROUP 03 BACKLOG AND CONTRACTS SIGNED 04 FBSERWIS & MOSTOSTAL KRAKÓW 05 MARKET OUTLOOK 06 ESG Z M I E N I A M Y D L A W A S Ś W I A T
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Achieving ESG goals in the E area 3Q2025 ▪ Waste recovery and recycling: soil and earth processed by Budimex - 75%* non-hazardous waste - 48%* ▪ The following were carried out: assessment of the Group's exposure to water stress analysis of the impact of the Group's activities on biodiversity ▪ The process of double materiality analysis and assessment of the impact of ESG risks and opportunities was updated ▪ Energy Management Training - 410 participants ▪ ESG Autumn Campaign (training on ESG regulations, thematic videos and e-books, competitions) ▪ 5 Budimex ESG newsletters published *Calculations based on incomplete data - do not include calculations of waste collected by waste collectors ▪ Target: 100% of energy purchased on the market comes from renewable energy sources - 23,158 MWh purchased ▪ Fleet (heavy machinery) – 95% meets the highest emission standards 36
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Foreign internship programs - Global Mobility and Go Further Poland Business Adventures program in cooperation with PAIH - 1 intern from Greece ▪ Diversity support: Scholarships and internships for students from Ukraine – 32 students Support for the education of students and technical college pupils – 61 events Achieving ESG goals in the S area 3Q2025 ▪ Training and Development: expenses - PLN 6 346 391 Second edition of the Leadership Academy program – 149 participants 14th edition of the Contract Manager Academy program - 53 participants Second edition of the Foreman Academy program - 35 participants Engineering Academy – 284 participants The economic side of production - 56 participants Perspectives Program - 54 participants ▪ BHP and Wellbeing: Inspections with subcontractors on contracts – 531 Senior management visits to construction sites - 713 First Aid training- 592 participants Fire safety training- 185 participants Foundations of Health - Mental Health Week and Physical Health Week - 978 participants ▪ Parent Zone in Bratislava - August 202537
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Achieving ESG goals in the G area3Q2025 ▪ Compliance training for: Newly hired employees – “Welcome to the Group” Employees – “Contract Manager Academy” Members of the Compliance Committee ▪ Compliance Week – 22-26.09.2025 ▪ Annual Audit Plan: Integrated Management System - 5 Factory Production Control - 3 Construction Site Assessment System - 35 ▪ Corporate Audit: completed - 1 in progress- 2 ▪ Regular workshops on conflict of interest management 38
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In 2024, Budimex was the only construction company among the 100 largest taxpayers in 2024. 1 585 598 210 174 170 157 135 131 123 115 Grupa Budimex Grupa Strabag Intercor Sp. z o.o. Torpol S.A. Goldbeck Sp z o.o. Porr S.A. Kajima Poland Sp. z o.o. Skanska S.A. Erbud S.A. AMW Sinevia Sp z o.o. 1 3 2 39 Value of CIT paid in Poland for the years 2012-2024 by selected construction companies (data in PLN m)* *The calculation also takes into account Mostostal Kraków and Budimex Budownictwo Source: Ministry of Finance – individual data of CIT payers (companies with a revenue of > PLN 50m)
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Backlog PLN 5,1 Contracts pending in Poland 7,9% EBIT margin 12,3% Gross margin 17 years Dividend payout PLN 649 M Dividend payout PLN 1,9 bn Net cash PLN 16,2 bn PLN 6,4 bn Revenues
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Q & A session
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Thank you for your attention