HOCHTIEF in a Nutshell

HOCHTIEF in a nutshell

HOCHTIEF in a nutshell 1 The HOCHTIEF Group

• Founded in 1873 • Represented in all the world’s major markets • 47,000 employees worldwide • Engineering-led global infrastructure group • Focused on Australia, North America and Europe • Core activities: construction, services and concessions/public-private partnerships (PPP) © Costas Mitropoulos © UGL • Focus on core competency of construction, notably in infrastructure projects, in addition – Engineering, mining, and maintenance services – Greenfield public-private partnership projects and brownfield concessions

HOCHTIEF in a nutshell 2 Our worldwide presence

HOCHTIEF in a nutshell 3 Our Vision

HOCHTIEF is building the world of tomorrow.

In our international target markets, we will achieve a position of market and technology leadership by employing our project management and engineering expertise in the fields of construction, engineering, PPP, and mining.

Our thinking and acting are value-based: We stand for integrity, accountability, innovation, delivery, and sustainability.

With our experience, technical excellence, and innovative solutions we realize projects that convince our customers and are beneficial to society. We use existing resources efficiently.

The knowledge, dedication, and commitment of our employees are the basis for our success. We provide them with safe, challenging and fulfilling jobs.

Together we generate sustainable earnings and create value for our shareholders.

HOCHTIEF in a nutshell 4 Strategy

• Focused on developed markets • Disciplined bidding approach • Rigorous risk management • Active and disciplined capital allocation • Attractive shareholder remuneration • Investing in strategic growth opportunities

HOCHTIEF in a nutshell 5 Shareholder structure

Free float 30.2%

ACS (Actividades de Construcción y Treasury stock Servicios S.A.) 3.5% 50.4%

Atlantia S.p.A. 15.9%

HOCHTIEF in a nutshell 6 Corporate structure

HOCHTIEF Corporate Headquarters (management holding company)

Division HOCHTIEF Americas Division HOCHTIEF Asia Pacific Division HOCHTIEF Europe Financial interests Turner CIMIC Group HOCHTIEF Solutions • Abertis Infraestructuras • Clark Builders • CPB Contractors • HOCHTIEF Infrastructure Flatiron • Leighton Asia • HOCHTIEF Engineering • E.E. Cruz • Sedgman • HOCHTIEF PPP Solutions • UGL • synexs • Pacific Partnerships • EIC Activities • Thiess

HOCHTIEF in a nutshell 7 Key figures 2020

Change yoy Operational PBT EUR 802.3 m -27.6%

Operational net profit EUR 476.7 m -28.7% © Turner Construction Net profit EUR 427.2 m -30.4% Free cash flow from operations EUR 371.7 m -65.7% New orders EUR 23.1 bn -24.2% Order backlog EUR 45.8 bn -10.8%

Net cash EUR 617.9 m -59.6% © Paul Tama/Alamy Stock Photo Employees (year-end-figure) 46,644 -12.5%

Note: All figures refer to continued operations only unless stated otherwise. Sales FY 2020 adjusted for Gorgon and other minor effects. Operational profits are adjusted for non-operational effects. © HOCHTIEF

HOCHTIEF in a nutshell 8 HOCHTIEF Americas Division Overview • HOCHTIEF subsidiaries are active in the U.S. and Canadian Key Figures 20201) 2020 2019 construction business (EUR m) (EUR m) • Strong performance: Companies hold top positions in U.S. Operational PBT2) 336.5 320.7 market Op. PBT margin2) (%) 2.3 2.1 • Synergy potential due to cooperation of HOCHTIEF Profit before tax/PBT 325.9 309.8 companies in North America Operational net profit2) 244.4 220.4 • National network of branch offices Net profit 236.5 212.4 • More than 60% repeat customers Net cash from operating activities 642.6 729.8 Outlook 2021: New orders 15,391.8 16,915.1 • We target an operational pre-tax profit of EUR 320 to EUR Work done 14,238.8 14,753.7 350 million. Order backlog 22,599.2 23,592.9

1) All figures are nominal unless otherwise indicated 2) Operational earnings are adjusted for deconsolidation effects and other non-operational effects HOCHTIEF in a nutshell 9 HOCHTIEF Americas Division Competencies • Focus in building construction (Turner, Clark Builders) – Education/science – Healthcare – Event real estate – Pharmaceutical industry – Public buildings

• Focus in civil engineering (Flatiron, E.E. Cruz) © Kevin Korczyk – Roads – Bridges – Energy infrastructure – Water supply

HOCHTIEF in a nutshell 10 HOCHTIEF Asia Pacific Division Overview • HOCHTIEF majority stake in the CIMIC Group (76.7%*) Key Figures 20201) 2020 2019 (Mio. EUR) (Mio. EUR) • CIMIC is active in the Asia-Pacific region Profit before tax/PBT 534.0 611.6 • Broad spectrum of services for private customers and public projects PBT margin (%) 7.0 6.7 • CIMIC is number 1 in Australia Net profit 229.5 294.5 Net cash (+)/net debt (-) 114.1 558.6 Outlook 2021: Divisional sales adjusted2) 7,611.7 9,143.2 • For 2021, CIMIC plans to achieve a net profit after tax of AUD 400 to 430 million, subject to market conditions. Order backlog adjusted3) 18,922.1 20,386.3

1) All figures refer to continuing operations only unless stated otherwise. All figures are nominal unless otherwise indicated. 2) Adjusted for Gorgon and other minor effects * As of April 2020 3) In 2019 adjusted for the deconsolidation of 50% of Thiess

HOCHTIEF in a nutshell 11 HOCHTIEF Asia Pacific Division Competencies • Construction (infrastructure, buildings, roads) • Water and energy industry projects • Operation and maintenance as well as services in the infrastructure, raw materials, and real estate market • Contract mining: Operation of surface and underground mines on behalf of mining companies

HOCHTIEF in a nutshell 12 HOCHTIEF Europe Division Overview • HOCHTIEF Solutions AG is the management company of the Key Figures 20201) 2020 2019 Division (EUR m) (EUR m) 2) • Operating companies Operational PBT 57.9 66.3 2) – HOCHTIEF Infrastructure Op. PBT margin (%) 4.6 5.4 Nominal PBT 42.9 53.8 – HOCHTIEF Engineering Operational net profit2) 56.0 61.0 – HOCHTIEF PPP Solutions Net profit 40.2 45.4 – synexs Net cash from operating activities 120.8 42.3 • Active in Europe and in selected worldwide regions, focus on New orders 1,961.3 2,227.6 profitable growth markets Work done 1,566.6 1,534.0 Outlook 2021: Order backlog 4,319.9 4,318.0 • We plan to achieve an operational pre-tax profit of EUR 40 to 60 million.

1) All figures are nominal unless otherwise indicated 2) Operational earnings are adjusted for deconsolidation effects and other non-operational effects HOCHTIEF in a nutshell 13 HOCHTIEF Europe Division Competencies • Integrated, intelligent and innovative solutions for PPP projects from a single source • Engineering, primarily in the growth areas of energy and transportation infrastructure • Building projects • Project and area development • Consulting services © Rasmus Hjortshoj • Planning, optimization, and construction of real estate and industrial systems

HOCHTIEF in a nutshell 14 Group outlook

• In 2021 HOCHTIEF expects to achieve an operational net profit in HOCHTIEF

the range of EUR 410–460 million, an increase of 11 to 25% yoy © compared with the EUR 368 million of 2020 adjusted for the divestment of 50% of Thiess.

Operational net profit guidance 20211) (EUR m) 410-460 477 -109 368

Oper. net Change Thiess LFL net profit FY 2021 profit FY 2020 50% FY 2020 FY 2020 1) Operational guidance excludes non-operational items HOCHTIEF in a nutshell 15 HOCHTIEF in a nutshell 16