HOCHTIEF Americas 1,400 1,467 -68 16 1,384 1,241 1,156 1,467  Invested a Total EUR 371M in Net Op

Investor Relations Company Presentation

FY 2020 results1) - February 18, 2021

Korczyk © Kevin Kevin ©

1) Results of continuing operations, for details see slide 42 Marcelino Fernández Verdes, CEO Peter Sassenfeld, CFO Mike Pinkney, Head of Corporate Strategy Tobias Loskamp, Head of Capital Markets Strategy 1 Table of contents

 Highlights 3  Cash flow 5  Net cash 6  Recent project awards 7  Order book 8  Americas 9  Asia Pacific 10  Europe 11  Abertis 12  Outlook and dividend 13

Appendix © HOCHTIEF © HOCHTIEF  Group overview & one-offs 15  P&L 16  Balance sheet 17  Group financing structure 20  Americas 21  Asia Pacific 23  Europe 26  Abertis 30  f/x rates 33  HOCHTIEF Group overview 34

2 HOCHTIEF Group – FY 2020 overview Op. net profit pre-Abertis Abertis 800 547 700 Nominal net profit of EUR 427m, notwithstanding COVID-19 effects 600 494 500 400 300  Operational net profit of EUR 477m; -9.6% pre-Abertis 122 200 -17 100  Abertis impact of EUR -139m yoy due to negative traffic effects from COVID-19 0 -100  Sales in 2020 of EUR 23.7bn1), yoy -6% fx-adjusted, robust operational margins FY 2019 FY 2020 FY 2019 FY 2020 Net cash from ops. pre-factoring Net cash from operating activities pre-factoring of EUR 1.1bn, strong Q4 1,559 1,098 1,007  Solid net working capital performance in seasonally strong fourth quarter 890  Robust free cash flow from operations pre factoring in Q4 of EUR 791m vs EUR 830m in

2019, notwithstanding COVID-19 impacts FY FY Q4 Q4 2019 2020 2019 2020 EUR 618m of Net cash; EUR 1.6bn pre shareholder remuneration & non-operating effects Net cash  Shareholder remuneration of EUR 743m in 2020 and EUR 104m CIMIC stake increase  Thiess transaction completed; EUR 1.3bn cash proceeds

Net cash Debt PPP- Net cash Share- Net cash  Strong liquidity position of EUR 5.4bn, additional EUR 2.1bn undrawn loan facilities Net cash Non-op. from op. lease Invest. holder FY FY effects FY 2019 act. pre- repaym. JV's & 2020 remun- 2020 factoring & others after eration Net operations (* incl. Robust order backlog of EUR 46bn, stable qoq and yoy, fx-adjusted Capex invest in CIMIC) Order-5%; backlog-1% fx-adj.  Order backlog yoy -1% fx-adj., -5% nom. 48.3 46.1 45.8  New orders EUR 23.1bn , 0.94x work done in the period, notwithstanding COVID-19 HTAP 20.4  Q4 2020 new orders of EUR 6.2bn equivalent to 1.11x work done 18.9 18.9  Geographically diversified order book with 49% in Americas, 41% Asia Pacific, 9% Europe HTEU 4.3 3.8 4.3 HTAM 23.6 23.3 22.6 Dividend EUR 3.93 EUR / share; Guidance FY 2021: operational net profit EUR 410 – 460 m FY 2019 adj.* 9M 2020 adj.* FY 2020  Guidance 2021: op. net profit EUR 410 – 460m, an increase of 11 – 25% yoy LFL, subject Op. net profit to market conditions  FY 2020 proposed dividend of EUR 3.93 / share, unchanged 65% payout (EUR 278m)  Strong position in our core markets, solid tender pipeline of >570bn in 2021+ incl. PPP pipeline of EUR 180bn and numerous stimulus packages

1) adjusted by Gorgon and other minor effects 3 HOCHTIEF Group – FY 2020 key figures

FY FY Δ FY Δ FY Q4 Q4 Δ Q4 Δ Q4 (EUR million) 2020 2019 in % in EURm 2020 2019 in % in EURm

Sales 22,953.8 25,851.9 -11.2% -2,898.1 5,046.1 7,100.1 -28.9% -2,054.0 Sales adjusted 23,679.2 25,851.9 -8.4% -2,172.7 5,771.5 7,100.1 -18.7% -1,328.6

Operational profit before tax/PBT 802.3 1,108.1 -27.6% -305.8 181.9 306.4 -40.6% -124.5 Operational profit before tax/PBT pre-Abertis 819.4 985.7 -16.9% -166.3 194.8 280.2 -30.5% -85.4 Operational PBT margin in % 3.4 4.3 -0.9 3.2 4.3 -1.1 Operational PBT pre-Abertis margin in % 3.5 3.8 -0.3 3.4 3.9 -0.5 Operational net profit 476.7 668.9 -28.7% -192.2 113.9 191.4 -40.5% -77.5 Operational net profit pre-Abertis 493.8 546.5 -9.6% -52.7 126.8 165.2 -23.2% -38.4 Operational earnings per share (EUR) 6.87 9.47 -27.5% -2.60 1.67 2.71 -38.4% -1.04

EBITDA 1,702.7 1,892.8 -10.0% -190.1 480.3 497.2 -3.4% -16.9 EBITDA margin in % 7.2 7.3 -0.1 8.3 7.0 1.3 EBIT 999.1 1,191.5 -16.1% -192.4 290.8 312.8 -7.0% -22.0 EBIT margin in % 4.2 4.6 -0.4 5.0 4.4 0.6 Profit before tax / PBT 834.9 -627.5 n. a. 1,462.4 254.6 -1,408.4 n. a. 1,663.0 Profit before tax / PBT pre-Abertis 852.0 -749.9 213.6% 1,601.9 267.5 -1,434.6 118.6% 1,702.1

Tax rate (taxes / PBT in %) 34.2 – n. a. 48.5 – n. a. Net profit 427.2 -206.2 n. a. 633.4 103.2 -662.5 n. a. 765.7 Net profit pre-Abertis 444.3 -328.6 235.2% 772.9 116.1 -688.7 116.9% 804.8 Earnings per share (EUR) 6.16 -2.92 n. a. 9.08 1.51 -9.38 n. a. 10.89

Net cash from op. act. pre-factoring 1,098.1 1,559.4 -29.6% -461.3 890.1 1,006.9 -11.6% -116.8 Net cash from operating activities 742.8 1,602.5 -53.6% -859.7 660.6 1,007.9 -34.5% -347.3 Net operating capital expenditure 371.1 518.1 -28.4% -147.0 99.4 176.6 -43.7% -77.2 Free cash flow from operations pre-factoring 727.0 1,041.3 -30.2% -314.3 790.7 830.3 -4.8% -39.6 Free cash flow from operations 371.7 1,084.4 -65.7% -712.7 561.2 831.3 -32.5% -270.1

Net cash / net debt 617.9 1,529.0 -59.6% -911.1 617.9 1,529.0 -59.6% -911.1

New orders 23,069.9 30,428.8 -24.2% -7,358.9 6,206.0 8,815.4 -29.6% -2,609.4 Work done 24,549.6 27,138.9 -9.5% -2,589.3 5,572.4 7,433.2 -25.0% -1,860.8 Order backlog adjusted 45,840.4 48,296.7 -5.1% -2,456.3 45,840.4 48,296.7 -5.1% -2,456.3 Order backlog visibility (in months) 23.5 22.7 3.5% 0.7 23.5 22.7 3.5% 0.7 Order backlog 45,840.4 51,362.1 -10.8% -5,521.7 45,840.4 51,362.1 -10.8% -5,521.7

Direct employees (end of period) 46 644 53 282 -12.5% -6 638 46 644 53 282 -12.5% -6 638 Employees (full year average) 48 727 54 494 -10.6% -5 767 48 727 54 494 -10.6% -5 767

Note: Operational profits are adjusted for non-operational effects Sales adjusted for Gorgon and other minor effects Order Backlog FY 2019 adjusted for Thiess deconsolidation 4 HOCHTIEF Group – Cash Flow performance

FY FY ∆ Q4 Q4 ∆ (EUR million) 2020 2019 FY 2020 2019 Q4

Net cash from op. act. pre NWC change 1,152 1,503 -351 -72 292 -364 NWC change pre factoring -54 57 -110 962 715 247

Variation in factoring 1) -355 43 -398 -230 1 -231 NWC change -409 100 -509 733 716 17 Net cash from operating activities 743 1,603 -860 661 1,008 -347 Net cash from op. act. pre-factoring 1,098 1,559 -461 890 1,007 -117

Gross operating capital expenditure -397 -543 145 -111 -184 73 Operating assets disposals 26 24 2 11 7 4 Net operating capital expenditure -371 -518 147 -99 -177 77 Free cash flow from operations 372 1,084 -713 561 831 -270 Free cash from operations pre-factoring 727 1,041 -314 791 830 -40

• Net cash from op. act. pre-factoring of EUR 1.1bn in FY 2020, with a robust Q4, notwithstanding COVID-19 impacts • Factoring volume down EUR 644m ytd to EUR 1.067bn at end-FY 2020; EUR -355m yoy effect on cash flow variation; EUR -289m from deconsolidation of Thiess factoring volume • Net op. capex to deliver mining and job-costed tunneling works throughout the year 2020, at EUR 371m, reduced by EUR 147m yoy, but Q4 2020 increased qoq • Free cash flow from ops. pre-factoring of EUR 727m in FY 2020; strong Q4 of over EUR 790m

5 HOCHTIEF Group – Net cash development

• HOCHTIEF net cash position of EUR 618m Net cash (+) / net debt (-) • Adjusting for non-operating effects and shareholder FY FY ∆ ∆ 9M H1 Q1 FY remuneration net cash would stand at EUR 1.6bn 2020 2019 yoy qoq 2020 2020 2020 2019 period end (EUR million)

• During FY 2020 HOCHTIEF HOCHTIEF Group 618 1,529 -911 1,570 -952 -365 -134 1,529 HOCHTIEF Americas 1,400 1,467 -68 16 1,384 1,241 1,156 1,467  invested a total EUR 371m in net op. capex to HOCHTIEF Asia Pacific 114 559 -445 1,193 -1,079 -834 -532 559 support the Group’s business, HOCHTIEF Europe 544 511 33 201 343 381 354 511 Corp. HQ, Abertis, consolidation -1,440 -1,008 -432 160 -1,600 -1,153 -1,112 -1,008  paid dividends of EUR 406m,  invested EUR 104m in the purchase of CIMIC shares  Additionally HOCHTIEF & CIMIC carried out share Key drivers of net cash FY 2020 yoy buybacks of EUR 338m

EURm • Increased liquidity position of EUR 5.4bn per end 2020. Additionally EUR 2.1bn unused credit facilities non-op. effects • S&P reaffirmed HOT BBB investment grade rating on Oct. 12, 2020; Moodys also affirmed solid investment grade rating for CIMIC (January 2021)

HOT & CIM Net cash Net cash PPP HOT share Factoring Net cash from ops. Net cash Net op. Debt lease invest.; FY 2020 dividend buyback/ BICC Thiess volume FX pre- FY 2019 capex repayment JV's & after payment CIM Cash out divestment change effects FY 2020 factoring others operations stake increase

6 HOCHTIEF Group – Selected recent significant project announcements

IQHQ Phase 1 Parking and 3A A1 Rhine Bridge, EUR 216m, Metro Vienna, EUR 242m, A7 Altona Tunnel, EUR 580m, Refurbishment of 18-story office Structure, Turner (11/2020) office HOCHTIEF (02/2021) JV, HOCHTIEF (01/2021) JV, HOCHTIEF (01/2021) JV, 2.2 building, EUR 90m, HOCHTIEF buildings and parking garage in a life completion of an app. 1 km long expansion of the existing Metro km noise protection tunnel in (11/2020) in a listed complex consisting of sciences campus in in San Diego, California, bridge section in Leverkusen, system Hamburg, Germany four buildings in Berlin, Germany USA Germany Country Regional Network contract, 1400 Madison/Boylston Affordable AUD 1.5bn, UGL (02/2021) operation and Housing, Turner (09/2020) construction of maintenance of rail infrastructure, NSW, a 17 story, low income apartment building Australia on Capitol Hill in Seattle, Washington, USA Field Optimization contract, Campus at Horton, Turner (09/2020), AUD 570m, Ventia (12/2020) JV, network redevelopment of a former shopping mall in services, national optic fibre and data and San Diego, California, USA IP services, maintenance and building services, Australia San Diego International Airport, USD 2.3bn, Turner & Flatiron (09/2020) JV, Defense Training Facilities, AUD 800m, construction of a new 1.2 million-square- CPB Contractors (11/2020) development foot terminal with 30 gates, California, USA of the Australia-Singapore Military Training Initiative (ASMTI) facilities project in North Denver International Airport, Queensland, also preferred bidder for the USD 201m, Turner & Flatiron (08/2020) project’s second phase JV, extensive refurbishment project launched in 2017, expansion of project Mining Operations contract scope to USD 940 m, Colorado, USA extensions, AUD 286m, Sedgman (10+12/2020) mining services in Spring District, Block 5&6, Turner Queensland and NSW, Australia (08/2020), Design of 11-story office buildings to comply with the LEED- Mount Owen/Caval Ridge Extension, Neighborhood Development Standard in AUD 450m, Thiess (09+10/2020) mining Bellevue, Washington, USA services in NSW/QLD, Australia

Highway 50, USD 430m, Flatiron Maintenance contracts in oil & gas sector, Port Wakefield to Port Augusta Regional Lake Vermont Extension, AUD 2.5bn, (06/2020) Roadworks, Widening and Rehab AUD 630m, UGL (02+07/2020) maintenance, turnarounds Projects Alliance, AUD 237m, CPB Thiess (06/2020) full-service mining Project in Sacramento, California, USA and project services, Australia Contractors (03/2020), South Australia operations, Queensland, Australia

7 HOCHTIEF Group – Order backlog and New orders

Order backlog (EUR bn) New orders (EUR bn)

-5%; -1% fx-adjusted Book-to-Bill-Ratio FY 2020 % of total 0.9 48.3 46.1 45.8 100% 6.5 6.2 0.7 5.8 1.0 20.4 18.9 18.9 41% HT Asia Pacific 0.2 1.6 4.5 2.0 1.3 HT Europe 0.9 4.3 1.0 3.8 4.3 9% 0.3 0.5 HT Americas 5.2 1.1 23.6 23.3 22.6 3.5 3.7 49% 2.9

FY 2019 adj. 9M 2020 adj. FY 2020 Q1 Q2 Q3 Q4 • HOCHTIEF Group: 2020 2020 2020 2020  Order backlog remained resilient at EUR 45.8bn (yoy & qoq stable fx-adj., adjusted for deconsolidation of 50% Thiess). Focus remains on developed markets. High quality with 67% of order book in construction mgt., mining, services & alliance-style construction contracts  New orders EUR 23.1bn (yoy -22% fx-adj., -24% nom.), 0.94x work done. Disciplined bidding approach continues in all divisions • HT Americas: Order backlog EUR 22.6bn, +5% yoy/+1% qoq, fx-adj. New orders resilient at EUR 15.4bn (-7% fx-adj.); 1.1x work done • HT Asia Pacific: EUR 18.9bn order backlog, -7% yoy, stable qoq (adjusted for 50% Thiess deconsolidation). Temporary delay in the award of some new projects due to COVID-19 • HT Europe: YOY stable Order backlog of EUR 4.3bn with strong Q4 new orders; FY EUR 2.0bn, 1.3x work done • Strong pipeline of projects to be tendered and / or awarded in key markets identified, >EUR 570bn in 2021 and thereafter:  Asia Pacific (55% of total): CIMIC: AUD 500bn in 2021+  Americas (34%): Turner: USD 100bn in 2021, USD 66bn beyond that; Flatiron: USD 16bn in 2020, USD 60bn 2021+  Europe (11%): EUR 16bn in 2021, EUR 46bn beyond • PPP project pipeline of approx. EUR 180bn

8 HOCHTIEF Americas – FY 2020 results

Essentials Financials

(EUR million) FY FY FY Q4 Q4 Q4 Results / Cash 2020 2019 change yoy 2020 2019 change yoy • Firm Sales of EUR 14.7bn (-4% yoy; -2% fx-adj.). Q4 Total sales / divisional sales 14,676.1 15,327.8 -4.3% 3,405.3 4,264.3 -20.1% Operational profit before tax/PBT 336.5 320.7 4.9% 89.3 79.0 13.0%

2019 at project-related high level Operational PBT margin in % 2.3 2.1 0.2 2.6 1.9 0.7 • Op. PBT increased by 5% yoy to EUR 337m, with Operational net profit 244.4 220.4 10.9% 79.3 67.7 17.1% increased op. PBT margin of 2.3%, op. net profit up EBITDA 430.4 397.7 8.2% 113.6 104.8 8.4% EBIT 344.5 317.7 8.4% 89.9 77.9 15.4%

11% yoy to EUR 244m Nominal profit before tax/PBT 325.9 309.8 5.2% 85.9 76.5 12.3% • Net cash from op. activities pre factoring of EUR Nominal net profit 236.5 212.4 11.3% 76.7 66.0 16.2% 673m remains at a high level Net cash from operating activities 642.6 729.8 -87.2 333.5 468.8 -135.3 Net cash from op. act. pre factoring 673.4 709.7 -36.3 344.1 473.9 -129.8

• Strong Net cash position of EUR 1.4bn increased by Gross operating capital expenditure 22.2 33.7 -11.5 9.7 8.8 0.9

EUR +93m yoy, if adjusted for fx-effects Net cash / net debt 1,399.5 1,467.4 -67.9 1,399.5 1,467.4 -67.9

New orders 15,391.8 16,915.1 -9.0% 3,698.7 4,732.8 -21.8%

Work done 14,283.8 14,753.7 -3.2% 3,414.2 4,074.3 -16.2%

Orders Order backlog 22,599.2 23,592.9 -4.2% 22,599.2 23,592.9 -4.2%

• New orders remain resilient at EUR 15.4bn in FY 2020 Employees (end of period) 12 000 12 378 -3.1% 12 000 12 378 -3.1% (-7% fx-adj.); 1,1x work done notwithstanding COVID- Employees (full year average) 12 179 12 415 -1.9% 19 Note: Operational profits are adjusted for non-operational effects • Increased Order backlog at EUR 22.6bn up 5% fx-adj.

Outlook HOCHTIEF Americas 2021 • Guidance for FY 2021: Op. PBT of EUR 320 – 350m, subject to market conditions

9 HOCHTIEF Asia Pacific, CIMIC (in AUD) – FY 2020 results Essentials Financials • Statutory NPAT of AUD 620m in FY 2020, underlying NPAT Statutory1 Underlying2 (AUD m) FY 2020 FY 2019 FY 2020 FY 2019 Δ % FY AUD 601m. One-off impacts in FY 2020 re. 50% sale of Thiess Revenue3 11,408.6 14,701.1 12,610.4 14,701.1 -14.2% EBITDA 2,116.1 -578.0 1,911.1 2,146.7 -11.0% (AUD +1.4bn), Gorgon Jetty resolution (AUD -805m) and others EBITDA margin 4 18.5% -3.9% 15.2% 14.6% 0.6pp D&A -936.5 -917.6 -884.8 -917.6 3.6% (AUD -614m) associated with COVID-19, project settlements and Operating profit 1,179.6 -1,495.6 1,026.3 1,229.1 -16.5% provision, and property and oil & gas vessel impairments Operating profit margin 4 10.3% -10.2% 8.1% 8.4% -0.3pp Net finance costs -187.8 -129.2 -187.8 -129.2 -45.4% Profit before tax 991.8 -1,624.8 838.5 1,099.9 -23.8% • AUD 12.6bn underlying; temporary delay in award of 4 Revenue PBT margin 8.7% -11.1% 6.6% 7.5% -0.9pp new projects & slowdown of revenues due to COVID-19 Income tax -375.1 587.5 -227.2 -297.0 23.5% Effective tax rate 37.8% 36.2% 27.1% 27.0% - • Underlying EBITDA, PBT and NPAT margins of 15.2%, 6.6% and Non-controlling interests 3.4 -2.6 -10.8 -2.6 -315.4% NPAT 620.1 -1,039.9 600.5 800.3 -25.0% 4.8% respectively NPAT margin 4 5.4% -7.1% 4.8% 5.4% -0.6pp Earnings per share (basic) - NPAT 195.0c -320,9c 188.9c 246.9c • Op. cash flow pre-factoring of AUD 579m, factoring balance NPAT 620.1 -1,039.9 600.5 800.3 -25.0%

reduced to AUD 976m (decrease incl. AUD 526m op. reduction (AUD m) FY 2020 FY 2019 Operating cash flow5 pre-factoring 578.6 1,707.0 and AUD 459m from Thiess deconsolidation) Variation in factoring -525.5 7.3 Operating cash flow5 53.1 1,714.3 • Around 30% EBITDA cash conversion pre-factoring Interest, finance costs and taxes -318.3 -463.8 Net operating cash flow -265.2 1,250.5 • Net cash of AUD 190m, strong liquidity of AUD 4.2bn incl. AUD Gross capital expenditure -579.7 -774.4 Gross capital proceeds 30.5 22.5 2.1bn of net proceeds from the 50% sale of Thiess Net capital expenditure -549.2 -751.9 • Returned to payout ratio of 60-65%; final dividend declared of Free operating cash flow -814.4 498.6 [60c[ per share, [62%] on 2H20 result (AUD m) FY 2020 FY 2019 Net cash/(debt) 190.4 831.6 • Strong investment grade credit ratings confirmed by Moody’s Net contract debtors -294.7 1,285.7 (Baa2/Stable) in January 2021. S&P (BBB/Stable/A-2) (AUD m) FY 2020 FY 2019 Construction 12,526.0 16,229.0 assessing impact of Thiess transaction Services6 8,825.0 9,282.0 Investments7 12,414.0 12,000.0 • Work in hand of AUD 30.1 bn, after divestment of Thiess Total 33,765.0 37,511.0 less 50% sale of Thiess -3,686.0 -4,903.0 • AUD 500bn of tenders relevant to CIMIC to be bid and/or Total work in hand 30,079.0 32,608.0 awarded in 2021+, incl. AUD 130bn for PPP 1 Statutory includes both continued operations plus discontinued operations on a line-by-line basis 2 Excludes the FY20 one-off items in respect of the 50% sale of Thiess ($1.4bn), Gorgon Jetty resolution ($805m) and other FY20 one- offs ($614m) associated with COVID-19, project settlements and provisions, and property and oil & gas vessel impairments. FY19 excludes one-off relating to the provisions and asset impairments (net of tax) of the Group’s financial investment in BICC and exit from the Middle East region Outlook 2021 CIMIC 3 Revenue excludes revenue from JVs and associates of AUD 2,803.6m (FY 19: AUD 2,506.0m) 4 Margins are calculated on revenue which excludes revenue from joint ventures and associates 5 Op. CF incl. CF from op. act. and changes in short-term financial assets & investments before interest, finance costs & taxes FY 2021 NPAT guidance range AUD 400m-430m, subject to 6 Services WIH has been restated for FY19 to include Sedgman. Onwards from 31 December 2020 Services WIH includes Sedgman 7 Investment WIH includes WIH from CIMIC’s share of investments including Ventia and Thiess. FY19 and FY20 investments figure market conditions; +8% - 16% on FY20 proforma underlying NPAT includes 100% of Thiess WIH in FY20 ($7.4bn) and FY19 ($9.8bn) 10 HOCHTIEF Europe – FY 2020 results

Essentials Financials

Results / Cash (EUR million) FY FY FY Q4 Q4 Q4 2020 2019 change yoy 2020 2019 change yoy • Sales of EUR 1.3bn up 3% yoy, continuing disciplined Total sales / divisional sales 1,270.7 1,233.0 3.1% 323.3 327.4 -1.3% bidding approach notwithstanding COVID-19 impact Operational profit before tax/PBT 57.9 66.3 -12.7% 18.8 15.6 20.5% Operational PBT margin in % 4.6 5.4 -0.8 5.8 4.8 1.0

• Increased EBITDA and EBIT, solid performance in Operational net profit 56.0 61.0 -8.2% 17.2 13.4 28.4% construction & PPP activities EBITDA 110.8 97.3 13.9% 39.1 24.6 58.9% • Op. PBT and op. net profit increased adjusting for fx EBIT 62.8 49.6 26.6% 26.1 11.6 125.0% effects Nominal Profit before tax / PBT 42.9 53.8 -20.3% 15.6 14.1 10.6% Nominal Net profit 40.2 45.4 -11.5% 13.4 11.3 18.6% • of EUR 121m, improved by Net cash from op. activities Net cash from operating activities 120.8 42.3 78.5 186.8 136.9 49.9

EUR 79m yoy Gross operating capital expenditure 10.2 11.0 -0.8 4.1 4.4 -0.3

• Solid net cash position of EUR 544m, up EUR 33m yoy Net cash / net debt 544.4 511.4 33.0 544.4 511.4 33.0

New orders 1,961.3 2,227.6 -12.0% 874.0 905.7 -3.5%

Work done 1,566.6 1,534.0 2.1% 380.7 413.6 -8.0%

Orders Order backlog 4,319.9 4,318.0 0.0% 4,319.9 4,318.0 0.0%

• New orders of EUR 2.0bn, 1.3x work done Employees (end of period) 5 055 5 314 -4.9% 5 055 5 314 -4.9% HOCHTIEF JV awarded EUR 580m A7 tunnel contract in of which Germany 3 237 3 336 -3.0% 3 237 3 336 -3.0% Q4 2020 Employees (full year average) 5 129 5 363 -4.4% Note: Operational profits are adjusted for non-operational effects • Stable Order backlog of EUR 4.3bn. Visibility of over 2.5 years

Outlook 2021 HOCHTIEF Europe • Guidance for FY 2021: Op. PBT of EUR 40 - 60m, subject to market conditions

11 Abertis – FY 2020 results

Essentials Abertis – Key figures (100%) • performance of -21% in 2020 reflecting Average daily traffic (EUR million) FY FY FY change Q4 Q4 Q4 COVID-19 related restrictions: France (-25%), Spain (-31%), 2020 2019 yoy 2020 2019 change Italy (-28%), Brazil (-8%), Chile (-26%) and Mexico (-12%) yoy Operating revenues 4.054 5.361 -24% 1.065 1.302 -18,2% • As a result operating revenues decreased on a comparable Operating revenues comparable 1) -18% basis by 18% yoy, comparable EBITDA was 23% lower yoy EBITDA 2.628 3.737 -30% 710 926 -23,3% 1) • Abertis’ net profit pre-PPA of EUR 365m supported by Comparable EBITDA -23% Abertis net profit pre-PPA 365 1.101 -67% 47 248 -81,0% operating efficiencies 1) Comparable variations consider constant portfolio, fx rates and other non-comparable effects • Abertis profit contribution to HOCHTIEF (20% stake) after PPA amounted to EUR -17m. • The dividend Abertis distributed to its shareholders was paid in two instalments (April & Nov.), totaling EUR 875m, Abertis Investment – contribution to HOCHTIEF (HOCHTIEF share EUR 173m) (EUR million) FY FY FY Q4 Q4 Q4 2020 2019 change 2020 2019 change • Dividend policy of EUR 600m p.a. for 2021 and 2022 agreed yoy yoy • In June 2020, Abertis (53%) and GIC closed the acquisition of Nominal result1) -17.1 122.4 - -12.9 26.2 - 76% of Red de Carreteras de Occidente (RCO) in Mexico, Operational result2) -17.1 122.4 - -12.9 26.2 - maturing in 2048 for an equity investment of EUR 1.5bn • In December 2020, Abertis (55%) and Manulife Investment Abertis - dividend received 172.8 172.8 0.0% 86.4 0.0 n. a. 1) Nominal result included in EBITDA, PBT and Net Profit / NPAT Management acquired the Elizabeth River Crossings 2) Operational result included in PBT and Net Profit / NPAT concession (ERC) in the U.S, for EUR 1.0bn equity, which has approximately 50 years remaining concession life • Capital structure reinforced with hybrid bonds issues of EUR Outlook 2021 Abertis Investment 1.25bn in Nov 2020 and EUR 600m in Jan. 2021 • We expect our Abertis Investment to return to profitability, • Strong liquidity position with no material refinancing needs subject to market conditions until 2023

12 HOCHTIEF Group – Shareholder remuneration, Outlook and dividend proposal

Shareholder remuneration in 2020 (EURm) Capital allocation  Shareholder remuneration  FY 2020 proposed dividend of EUR 3.93/share, unchanged 65% payout (EUR 278m)  This will bring total dividend distributed by HOCHTIEF Group since 2012 to a total of almost EUR 1.9bn  EUR 168m returned to HOCHTIEF shareholders in FY 2020 through share buybacks (3.5% of share capital)  CIMIC also carried out a EUR 170m buyback  Strategic investments  CIMIC stake increased by 2.8% via EUR 104m investment in CIMIC shares; HOCHTIEF stake now at 78.6% (vs 72.8% Dec 2019) following this investment and CIMIC share buybacks Op. net profit guidance 2021 (EURm) Organic growth opportunities  Strong pipeline of projects to be tendered and / or awarded in key markets – EUR >570bn in 2021+  Significant PPP opportunities of EUR 180bn in all core HOCHTIEF markets and numerous stimulus packages

Guidance 2021  Guidance 2021: operational net profit EUR 410 – 460m, an increase of 11 – 25% yoy LFL, subject to market conditions

Appendix: FY 2020

Dinda

Airubon

Vladimir Vladimir © ©

©Marcel Steinbach

UGL Solarfarm, Australia 14 HOCHTIEF Group - overview

HOCHTIEF Group FY FY Δ % Q4 Q4 Δ % Δ % HOCHTIEF Group FY FY Δ % Q4 Q4 Δ % Δ % 2020 2019 FY 2020 2019 Q4 Q4:Q3 2020 2019 FY 2020 2019 Q4 Q4:Q3 (EUR million) (EUR million) Orders (nominal) P&L-key figures (operational)

New orders 23,069.9 30,428.8 -24.2% 6,206.0 8,815.4 -29.6% -4.5% Profit before tax (operational) 802.3 1,108.1 -27.6% 181.9 306.4 -40.6% -17.8% HOCHTIEF Americas 15,391.8 16,915.1 -9.0% 3,698.7 4,732.8 -21.8% -29.1% HOCHTIEF Asia Pacific 5,596.5 11,134.5 -49.7% 1,599.9 3,134.7 -49.0% 54.6% PBT-margin on sales (operational) 3.5 4.3 -0.8 3.6 4.3 -0.7 -0.1 HOCHTIEF Europe 1,961.3 2,227.6 -12.0% 874.0 905.7 -3.5% 298.0% HQ/Consolidation 120.3 151.6 -20.6% 33.4 42.2 -20.9% 12.8% Net profit (operational) 476.7 668.9 -28.7% 113.9 191.4 -40.5% -16.3%

Work done 24,549.6 27,138.9 -9.5% 5,572.4 7,433.2 -25.0% -14.3% Cash & Capex HOCHTIEF Americas 14,283.8 14,753.7 -3.2% 3,414.2 4,074.3 -16.2% -5.0% HOCHTIEF Asia Pacific 8,578.6 10,701.8 -19.8% 1,743.8 2,903.6 -39.9% -28.9% Net cash from operating activities 742.8 1,602.5 -53.6% 660.6 1,007.9 -34.5% 205.0% HOCHTIEF Europe 1,566.6 1,534.0 2.1% 380.7 413.6 -8.0% -10.5% HOCHTIEF Americas 642.6 729.8 -11.9% 333.5 468.8 -28.9% -0.1% HQ/Consolidation 120.6 149.4 -19.3% 33.7 41.7 -19.2% 14.6% HOCHTIEF Asia Pacific -213.2 724.5 -129.4% 33.3 406.3 -91.8% 133.4% HOCHTIEF Europe 120.8 42.3 185.6% 186.8 136.9 36.4% 731.1% Order backlog (yoy) 45,840.4 51,362.1 -10.8% 45,840.4 51,362.1 -10.8% -6.4% HQ/Consolidation 192.6 105.9 81.9% 107.0 -4.1 2,709.8% 784.3% HOCHTIEF Americas 22,599.2 23,592.9 -4.2% 22,599.2 23,592.9 -4.2% -3.2% HOCHTIEF Asia Pacific 18,922.1 23,451.7 -19.3% 18,922.1 23,451.7 -19.3% -13.1% Gross operating capex 397.2 542.5 -26.8% 110.6 183.8 -39.8% 26.4% HOCHTIEF Europe 4,319.9 4,318.0 0.0% 4,319.9 4,318.0 0.0% 13.0% HOCHTIEF Americas 22.2 33.7 -34.1% 9.7 8.8 10.2% 259.3% HQ/Consolidation -0.8 -0.5 -60.0% -0.8 -0.5 -60.0% -33.3% HOCHTIEF Asia Pacific 361.1 491.2 -26.5% 95.5 168.1 -43.2% 14.4% Order backlog (ytd) 45,840.4 51,362.1 -10.8% 45,840.4 51,362.1 -10.8% -6.4% HOCHTIEF Europe 10.2 11.0 -7.3% 4.1 4.4 -6.8% 355.6% HQ/Consolidation 3.7 6.6 -43.9% 1.3 2.5 -48.0% 225.0% HOCHTIEF Americas 22,599.2 23,592.9 -4.2% 22,599.2 23,592.9 -4.2% -3.2% HOCHTIEF Asia Pacific 18,922.1 23,451.7 -19.3% 18,922.1 23,451.7 -19.3% -13.1% Net operating capex 371.1 518.1 -28.4% 99.4 176.6 -43.7% 18.5% HOCHTIEF Europe 4,319.9 4,318.0 0.0% 4,319.9 4,318.0 0.0% 13.0% HOCHTIEF Americas 20.4 29.6 -31.1% 10.7 8.2 30.5% 214.7% HQ/Consolidation -0.8 -0.5 -60.0% -0.8 -0.5 -60.0% -33.3% HOCHTIEF Asia Pacific 342.7 477.2 -28.2% 84.4 164.6 -48.7% 2.1% P&L-key figures (nominal) HOCHTIEF Europe 4.7 4.7 0.0% 3.3 1.4 135.7% 226.9% HQ/Consolidation 3.3 6.6 -50.0% 1.0 2.4 -58.3% 150.0% Sales (nominal) 22,953.8 25,851.9 -11.2% 5,046.1 7,100.1 -28.9% -15.3% HOCHTIEF Americas 14,676.1 15,327.8 -4.3% 3,405.3 4,264.3 -20.1% -7.1% Net cash / net debt 617.9 1,529.0 -59.6% 617.9 1,529.0 -59.6% 164.9% HOCHTIEF Asia Pacific 6,886.3 9,143.2 -24.7% 1,283.3 2,467.2 -48.0% -33.0% HOCHTIEF Americas 1,399.5 1,467.4 -4.6% 1,399.5 1,467.4 -4.6% 1.1% HOCHTIEF Europe 1,270.7 1,233.0 3.1% 323.3 327.4 -1.3% -8.3% HOCHTIEF Asia Pacific 114.1 558.6 -79.6% 114.1 558.6 -79.6% 110.6% HQ/Consolidation 120.7 147.9 -18.4% 34.2 41.2 -17.0% 16.3% HOCHTIEF Europe 544.4 511.4 6.5% 544.4 511.4 6.5% 58.6% HQ/Consolidation -1,440.1 -1,008.4 -42.8% -1,440.1 -1,008.4 -42.8% 10.0% EBITDA 1,702.7 1,892.8 -10.0% 480.3 497.2 -3.4% 14.2% HOCHTIEF Americas 430.4 397.7 8.2% 113.6 104.8 8.4% 15.1% Note: Operational profits are adjusted for non-operational effects HOCHTIEF Asia Pacific 1,263.6 1,334.2 -5.3% 370.6 362.1 2.3% 19.4% HOCHTIEF Europe 110.8 97.3 13.9% 39.1 24.6 58.9% 86.2% HQ/Consolidation -102.1 63.6 -260.5% -43.0 5.7 -854.4% -357.4%

EBIT 999.1 1,191.5 -16.1% 290.8 312.8 -7.0% 19.5% HOCHTIEF Americas 344.5 317.7 8.4% 89.9 77.9 15.4% 9.0% HOCHTIEF Asia Pacific 698.2 763.5 -8.6% 219.5 218.3 0.5% 35.6% HOCHTIEF Europe 62.8 49.6 26.6% 26.1 11.6 125.0% 177.7% HQ/Consolidation -106.4 60.7 -275.3% -44.7 5.0 -994.0% -329.8%

Profit before tax (nominal) 834.9 -627.5 233.1% 254.6 -1,408.4 118.1% 23.3% HOCHTIEF Americas 325.9 309.8 5.2% 85.9 76.5 12.3% 12.0% HOCHTIEF Asia Pacific 534.0 -1,065.5 150.1% 184.6 -1,509.8 112.2% 54.3% HOCHTIEF Europe 42.9 53.8 -20.3% 15.6 14.1 10.6% 66.0% HQ/Consolidation -67.9 74.4 -191.3% -31.5 10.8 -391.7% -4,037.5%

PBT-margin on sales (nominal) 3.6 -2.4 6.0 5.0 -19.8 24.8 1.5 HOCHTIEF Americas 2.2 2.0 0.2 2.5 1.8 0.7 0.4 HOCHTIEF Asia Pacific 7.8 -11.7 19.5 14.4 -61.2 75.6 8.2 HOCHTIEF Europe 3.4 4.4 -1.0 4.8 4.3 0.5 2.1 HQ/Consolidation -56.3 50.3 -106.6 -92.1 26.2 -118.3 -94.8

Net profit (nominal) 427.2 -206.2 307.2% 103.2 -662.5 115.6% -15.3% HOCHTIEF Americas 236.5 212.4 11.3% 76.7 66.0 16.2% 44.7% HOCHTIEF Asia Pacific 229.5 -525.9 143.6% 48.7 -743.4 106.6% -20.6% HOCHTIEF Europe 40.2 45.4 -11.5% 13.4 11.3 18.6% 48.9% HQ/Consolidation -79.0 61.9 -227.6% -35.6 3.6 -1,088.9% -2,273.3%

15 HOCHTIEF Group – Statement of earnings

• Sales: Adjusting vor fx effects and the EUR 673 million HOCHTIEF Group FY FY ∆ % (AUD 1.15 billion) in connection with resolution of the (EUR million) 2020 2019 FY Gorgon Jetty arbitration sales decreased by 6%, Sales 22,953.8 25,851.9 -11.2% notwithstanding Covid-19 effects Change in inventories 31.0 3.2 -868.8% 96% of sales are international Materials -17,415.1 -18,989.7 -8.3% • Materials & personnel costs: change yoy in line with Personnel costs -4,383.3 -4,388.7 -0.1% sales development Other operating income 1,433.8 191.4 649.1% Other operating expenses -1,053.9 -1,062.6 -0.8% • Other operating income: Significant increase mainly Results from at equity accounted companies 106.9 282.5 62.2% 29.5 1,699.4 -98.3% due book gain following partial sale of 50% stake in Net non-operating expenses adjustment EBITDA 1,702.7 1,892.8 -10.0% Thiess at CIMIC (EUR 1.3 billion) Depreciation and amortization -703.6 -701.3 0.3% • Result from equity accounted companies: Decrease EBIT 999.1 1,191.5 -16.1% mainly due to lower earnings contribution from Abertis Net interest income and other financial result -134.7 -119.6 12.6% driven by COVID-19 impacts Net non-operating expenses adjustment -29.5 -1,699.4 98.3% • Tax rate: increase due to higher tax rate at CIMIC and Profit before tax / PBT 834.9 -627.5 233.1% lower income from at equity accounted joint ventures Taxes -285.3 292.3 -197.6% Tax rate (taxes / PBT in %) 34.2 – #WERT! Profit after tax 549.6 -335.2 264.0%

Minority interest -122.4 129.0 -194.9% Consolidated net profit 427.2 -206.2 307.2%

16 HOCHTIEF Group – Balance sheet (assets)

Non-current assets: HOCHTIEF Group FY FY Δ

• Intangible assets, PPE: Decreased mainly due to partial (EUR million) 2020 2019 FY sale of Thiess Assets 16,220.1 17,901.5 -1,681.4

• Equity method investments: Increase due to change in Non-current assets 5,310.8 6,064.7 -753.9 consolidation method for Thiess from full consolidation to Intangible assets 1,041.4 1,187.2 -145.8 at equity, partly offset by equity valuation of the Abertis Property, plant and equipment 912.1 1,857.3 -945.2 investment (driven by dividend payments) Investment properties 20.6 3.8 16.8 Equity-method investments 2,409.2 1,927.8 481.4 Other financial assets 63.7 83.7 -20.0 Financial receivables 111.6 97.9 13.7 Other receivables and other assets 180.5 166.2 14.3 Current assets: Income tax assets 4.1 19.9 -15.8 • Trade receivables: Decrease mainly in connection with Deferred tax assets 567.6 720.9 -153.3

partial sale of Thiess and write-off of contract assets for Current assets 10,909.3 11,836.8 -927.5 Gorgon-Jetty Inventories 284.1 435.0 -150.9 Financial receivables 114.0 172.0 -58.0 • Cash and cash equivalents/Marketable securities: Trade receivables and other receivables 5,060.0 6,290.4 -1,230.4 Strong group liquidity position of EUR 5.4bn Current income tax assets 27.8 27.3 0.5 Marketable securities 473.5 454.1 19.4 Cash and cash equivalents 4,949.9 4,458.0 491.9

17 HOCHTIEF Group – Balance sheet (liabilities and equity)

Shareholders’ equity: HOCHTIEF Group FY FY Δ (EUR million) 2020 2019 FY Changes in 12M 2020 Liabilities and shareholders’ equity 16,220.1 17,901.5 -1,681.4 • Profit after taxes: EUR 550m • Dividends: EUR -445m Shareholders' equity 1,026.3 1,584.8 -558.5 • Share buyback programs: EUR -442m* Attributable to the group 740.4 1,275.6 -535.2 Minority interest 285.9 309.2 -23.3 • Fx-effects: EUR -116m • EUR -105m Non-current liabilities 5,305.2 4,268.5 1,036.7 Other: Provisions for pensions and similar obligations 481.6 428.2 53.4 * = incl. purchase of CIMIC shares by HOCHTIEF Other provisions 358.6 350.7 7.9 Financial liabilities 3,932.1 2,726.3 1,205.8 Non-current liabilities: Lease liabilities 279.4 529.0 -249.6 • Financial liabilities: Increased mainly due to the drawing Trade payables 114.7 125.6 -10.9 Other liabilities 95.2 59.7 35.5 of syndicated loan facilities Deferred tax liabilities 43.6 49.0 -5.4

Current liabilities: Current liabilities 9,888.6 12,048.2 -2,159.6 • Financial liabilities: Net increase due to short-term Other provisions 787.5 1,046.6 -259.1 Financial liabilities 1,051.4 944.0 107.4 borrowing from banks and the commercial paper program, Financial liabilities (exit from Middle East) 95.1 927.4 -832.3 offsetting repayment of the HOCHTIEF AG bond due in Lease liabilities 123.1 255.9 -132.8 March 2020 (EUR 750 million) Trade payables and other liabilities 7,761.9 8,830.3 -1,068.4 Current income tax liabilities 69.6 44.0 25.6 • Financial liabilities (exit from Middle East): Decreased due to payment of obligations as the majority of CIMIC’s financial guarantees of certain BICC liabilities materialized • Trade payables and other liabilities: Decrease mainly at CIMIC due to partial sale of Thiess and COVID-19 effects • Supply Chain Financing volume of EUR 146m vs EUR 656m at December 2019

18 HOCHTIEF Group – Statement of cash flows

HOCHTIEF Group FY FY ∆ Q4 Q4 ∆ (EUR million) 2020 2019 FY 2020 2019 Q4

Profit after tax / PAT 549.6 -335.2 884.8 131.0 -918.7 1,049.7 Depreciation, amortization, impairments and impairment reversals 689.7 680.0 9.7 203.6 179.8 23.8 Changes in provisions 8.3 13.6 -5.3 23.3 10.9 12.4 Changes in deferred taxes 186.3 -581.7 768.0 58.9 -652.8 711.7 Gains / losses from disposals of non-current assets and marketable securities -20.6 -8.8 -11.8 2.7 -0.3 3.0 Other non-cash income and expenses and deconsolidations -262.4 1,732.4 -1,994.8 -490.3 1,672.1 -2,162.4 Net working capital change -408.8 99.5 -508.3 732.6 839.4 -106.8 Changes in other balance sheet items 0.7 2.1 -1.4 -1.2 1.0 -2.2 Cash flow from operating activities 742.8 1,601.9 -859.1 660.6 1,131.4 -470.8 Intangible assets, property, plant and equipment, and investment properties -371.2 -563.0 191.8 -99.5 -180.8 81.3 Operational purchases -397.3 -542.5 145.2 -110.7 -183.8 73.1 Other purchases 0.0 -44.9 44.9 0.0 -4.2 4.2 Payments from asset disposals 26.1 24.4 1.7 11.2 7.2 4.0

Acquisitions and participating interests 1,100.1 -154.7 1,254.8 1,351.8 -49.7 1,401.5 Disbursements for the acquisition of Abertis HoldCo 0.0 -1.5 1.5 0.0 -1.5 1.5 Other purchases -286.1 -179.3 -106.8 -23.6 -49.7 26.1 Payments from asset disposals / divestments 1,386.2 26.1 1,360.1 1,375.4 1.5 1,373.9

Changes in cash and cash equivalents due to changes in the scope of consolidation -64.9 -0.4 -64.5 -74.2 -12.7 -61.5

Changes in marketable securities and financial receivables -71.3 -248.4 177.1 -0.2 -34.1 33.9 Cash flow from investing activities 592.7 -966.5 1,559.2 1,177.9 -277.3 1,455.2 Payments from repurchase / sale of treasury stock -168.1 1.5 -169.6 -31.8 0.0 -31.8 Payments for repurchase of treasury stock at CIMIC -169.8 -10.4 -159.4 -63.8 -1.2 -62.6 Payments into equity by non-controlling interests 19.7 17.1 2.6 7.5 -4.3 11.8 Payments from equity to non-controlling interests -15.0 -28.5 13.5 0.2 4.7 -4.5 Payments for the purchase of additional shares in subsidiaries -103.8 0.0 -103.8 -0.6 0.0 -0.6 Dividends to HOCHTIEF`s and non-controlling interests -441.0 -462.0 21.0 -12.8 -48.1 35.3 Proceeds from new borrowing 3,980.4 2,233.2 1,747.2 -174.9 242.7 -417.6 Debt repayment -3,445.9 -1,249.0 -2,196.9 -1,506.1 -466.3 -1,039.8 Repayment of lease liabilities -298.7 -300.9 2.2 -80.0 -88.6 8.6 Cash flow from financing activities -642.2 201.0 -843.2 -1,862.3 -361.1 -1,501.2 Net change in cash and cash equivalents 693.3 836.4 -143.1 -23.8 493.0 -516.8 Effects of exchange rates changes -201.4 55.7 -257.1 -88.7 -65.8 -22.9 Overall change in cash & cash equivalents (acc. balance sheet) 491.9 892.1 -400.2 -112.5 427.2 -539.7 Cash and cash equivalents at the start of the year 4,458.0 3,565.9 892.1 -2,480.9 4,030.8 -6,511.7 Cash and cash equivalents at year-end 4,949.9 4,458.0 491.9 -2,593.4 4,458.0 -7,051.4 19 HOCHTIEF Group financing structure FY 2020

Net cash / Net debt calculation:

end FY 2020 end FY 2019 • Strong liquidity position of EUR 5.4bn per end-FY period end (EUR m) 2020 (cash, cash equivalents and marketable securities) Cash and cash equivalents 4,950 4,458 Marketable securities 474 454 • Additional EUR 2.1bn undrawn loan facilities Financial Receivables 114 172 Other financial assets 63 115

Financial assets 5,600 5,199

Bonds or notes issued 2,656 2,501 Amounts due to banks 2,276 1,130 Other financial liabilities 50 39 Financial liabilities 4,982 3,670

Net cash (+) / Net debt (-) 618 1,529

Other financial liabilities Debt Maturity profile (EUR mn): 1,051 1,200 Amounts due to banks 1 1,000 875 Bonds or notes issued 787 764 26 695 800 8 14 600 548 539 600 573 339 1

400 250 547 86 539 101 200 342 277 286 250 50 0 178 86 101 12 0 50 ufn 2021 2022 2023 2024 2025 2026 2027 2029 2031 2034 2037 20

HOCHTIEF Americas

Design

1201 New York Avenue, Washington, D.C., USA 21 HOCHTIEF Americas Segmental overview

Building: Order backlog FY 2020 • Turner #1 US building construction management company, Market Leader in sustainable construction (Green Building), healthcare, education, commercial offices and hotels & convention centers segments1) 8% Transportation/Misc 4% 16% 2% Commercial/Data/Retail • Segment-specific expertise and nation-wide network provide competitive 3% Education/R&D advantage Healthcare 16% Hotel/Residential • Strong reputation as construction manager provides quality contracts from repeat Industrial customers: limited risks, low fixed costs, low capital intensity 11% 40% Public/Justice Sports/Entertainment • 80% private clients, 20% government contracts

Civil: • Flatiron #9 US transportation infrastructure contractor also ranks high in segments: highways, bridges, mass transit and rail1), active in Western parts of

the US, Texas, North & South Carolina, West Virginia & Canada 6% Highway 21% • Most contracts are local government contracts; e.g. several contracts with the Bridges 44% California Department of Transportation and the Colorado Department of Transit Transportation. Airports • Additional footprint in Eastern US infra market through E.E. Cruz, New York 20% Water region 9%

1) Source: latest ENR ranking 22 HOCHTIEF Asia Pacific

©Thiess

The Annex, Brisbane, QLD, Australia 23 HOCHTIEF Asia Pacific

Results: Financials • reflect HOCHTIEF’s stake in CIMIC (78.6% end Dec 2020 (EUR million) FY FY FY Q4 Q4 Q4 versus 72.8% a year ago), associated financing & holding 2020 2019 change yoy 2020 2019 change yoy Total sales / divisional sales 6,886.3 9,143.2 -24.7% 1,283.3 2,467.2 -48.0%

costs, and impact of variations in fx Total sales / divisional sales adjusted 7,611.7 9,143.2 -16.8% 2,008.7 2,467.2 -18.6% • Nominal Net profit of EUR 230m, PBT margin of 7.0% Nominal profit before tax / PBT 534.0 -1,065.5 150.1% 184.6 -1,509.8 112.2% Nominal PBT margin in % 7.0 -11.7 18.7 9.2 -61.2 70.4 • Net cash position of EUR 958m, adjusting for the EUR Nominal net profit 229.5 -525.9 143.6% 48.7 -743.4 106.6%

844m net cash effect for BICC (incl. adverse fx-effects at Net cash / net debt 114.1 558.6 -444.5 114.1 558.6 -444.5 CIMIC), net cash would stand at EUR 114m Net cash / net debt ex-BICC 958.2 806.5 151.7 958.2 806.5 151.7 Order backlog 18,922.1 23,451.7 -19.3% 18,922.1 23,451.7 -19.3%

Order backlog adjusted 18,922.1 20,386.3 -7.2% 18,922.1 20,386.3 -7.2% New orders / order backlog: Employees (end of period) 29 341 35 375 -17.1% 29 341 35 375 -17.1%

• Strong, diversified order book at EUR 18.9bn, equivalent to Employees (full year average) 31 191 36 506 -14.6% more than 2.5 years’ sales • Project pipeline across all operating companies: Major projects CIMIC is currently bidding for: e.g. Western Harbour Tunnel and Waringah Freeway Outlook 2021 CIMIC Upgrade; Sydney Metro Greater West – Tunnels and FY 2021 NPAT guidance range AUD 400m-430m, subject to Excvation package; Vale Pomalaa Mining, Nickel Project , market conditions; +8% - 16% on FY20 proforma underlying NPAT Indonesia; Copper String 2.0; M6 Stage 1; Inland Rail PPP; New Dunedin Hospital – Ministry of Health, New Zealand; Cross Island Line Phase 1, Singapore; Various other mining & processing opportunities across Australia, Canada, Chile

24 HOCHTIEF Asia Pacific – CIMIC Breakdown of key figures FY 2020

By segment: Revenue (AUD 12.6 bn)1) 3) PBT (AUD 839 m)2) 3) Order backlog (AUD 30.1 bn)

4) 12% 29% 30% 42% 17% 52%

60% 19% 10% 29%

Construction Services Investments Thiess

By market: Revenue Order backlog

7% 17%

Domestic Domestic International International

83% 93%

1) Including revenue from associates and joint ventures, 2) split pre holding costs, 3) Underlying result excludes the FY 20 one-off items (post tax), 4) Thiess 50% 25 HOCHTIEF Europe

Kopenhagen Metro, Denmark 26 HOCHTIEF Europe: Growth in HOCHTIEF’s regional construction markets

• HDB’s1) latest 2020 sales forecast (Dec 2020) for the German constr. market sales growth German construction market:  Expected nominal sales growth in 2020: 3.0% 6.7% (equivalent to 0.5% in real-terms); in 2021: 0% (equivalent 3.0% to -2.0% in real terms) 1.7%  Sales growth in 2019: +6.7% nominal (1.7% in real-terms) 0.5% 0.0%

• German federal government plans to invest record amount -2.0% of some EUR 270bn in the period to 2030 in expanding 2019 2020e 2021e 2) and maintaining transportation network. nominal real-terms

1) Federation of the German construction industry 2) German federal government, 2030 Transport Infrastructure plan 27 General market overview PPP

• Australia: the coalition of governments continue to support the National PPP Policy Framework which established that projects valued over AUD 50m should be considered for PPP procurement • Canada: procurements have slowed down due to political changes at the provincial level in British Columbia and Ontario. Nevertheless, the election in Alberta are expected to make P3’s and infrastructure spending a key legislative priority so there is some potential for 2021 onwards • USA: lack of a federal infrastructure plan from the Trump administration prevented the US P3 market from achieving its potential. There is a chance for an increasing market under the new administration. • Germany: government program of 11 PPP roads (one to two A-Model projects per year) are still confirmed but is progressing with some delay. Very strong pipeline in social infrastructure, mainly on state and community level driven by education & administration projects • UK: despite announcement of PF2 abolition, private investments should be supported by other tools. Scotland in particular has good prospects, but steady projects are also expected in Wales and Ireland • Norway: public roads authority continued with procurement of major road projects through PPPs (12- year National Transport Plan (2018-2029)). Further procurements are now expected from 2020 onwards • Eastern Europe: there remains a steady flow of individual projects

No. of Contract volume Total investment HT capital required HT capital provided projects in EURm in EURm in EURm in EURm Total Roads 9 8,252.4 211.1 183.3 Total Social infrastructure 23 2,953.0 1,504.6 22.6 22.7 Total 32 2,953.0 9,757.0 233.7 206.0

28 PPP Pipeline and recent PPP project awards

Greenfield PPP market opportunities Recent project awards • Greenfield PPP tender pipeline, identified by project from • Rodenkirchen Comprehensive School, Cologne, Germany, 2020, currently amounts to over EUR 180bn HOCHTIEF (09/2020), new school building as part of a PPP • Historical tender success ratio of ~30% (higher in certain project geographies) • A12/A15 motorway project (ViA15), Netherlands, EUR 1.2bn, HOCHTIEF JV (01/2020) ), DBFOM contract • Sydney Metro City & Southwest PPP, NSW, Australia, UGL & Pacific Partnerships JV (11/2019), contract extension to operate & maintain full metro line from Rouse Hill to Bankstown Greenfield PPP project pipeline from 2021 • Cross River Rail, Brisbane, Australia, AUD 5.4bn, TSD PPP and RIS package (04/2019), Pacific Partnerships, CPB Contractors & UGL in JV 10% • Los Angeles Int. Airport Automated People Mover, USD 20% 4.6bn, Financial Close (06/2018) in JV an elevated 2.25 mile- long guideway with six stations as well as pedestrian bridges to 25% airport terminals, parking garages and fixed facilities; operation and maintenance for ~25 years.

45% • Via Pacific Partnerships, CIMIC is well positioned to take advantage of increasing usage of PPP model having delivered Australia/NZ USA Canada Europe >20 PPP projects with a market value of around AUD 32bn

29 Abertis Investment

Autopista AP-7, Spain 30 Abertis – RCO acquisition (closed in June 2020)

• Abertis & GIC acquired a 76% stake in Red de Carreteras de Occidente (RCO) – One of the largest transport operators in Mexico (876km toll roads/5 concessions) managing the primary connection between Mexico‘s two largest cities - Mexico City and Guadalajara - in the country‘s fast-growing industrial corridor • Abertis to fully consolidate RCO and to invest EUR 1.5bn for a 53% stake • RCO financials (2019): >EUR 400m revenues, >EUR 300m EBITDA, EUR 2bn net debt • Extending lifespan of Abertis’ concession portfolio, geographic diversification and growth platform, attractive capex profile, proven track-record and clear regulatory framework • Investment program signed with Mexican Government in February 2020: RCO will invest 8bn pesos (>EUR 300m) in the construction of 3 toll-free branches (managed by FARAC I) in exchange for a six-year concession extension (to 2048) • RCO is a quality asset with good strategic fit for Abertis and a source of long-term cash flow generation

FARAC CONIPSA COVIQSA COTESA AUTOVIM

31 Abertis – Elizabeth River Crossings acquisition (closed in December 2020)

• Abertis and Manulife Investment Management have closed the acquisition of 100% stake of Elizabeth River Crossings (ERC), in Hampton Roads, Virginia, USA. The deal has been carried out through a consortium in which Abertis holds 55.2%; Abertis to fully consolidate ERC

• The asset, with an enterprise value of ca. €2bn, started tolling operations in 2014 and has a remaining term of 50 years. The acquisition of ERC in Virginia is a further important step in Abertis’ growth strategy in the key target market of the United States, one of the most important markets for infrastructure investment in the world.

• The Elizabeth River Crossings tunnels are located in the Hampton Roads region and are one of the most highly travelled roads in the Virginia Beach-Norfolk-Newport News metropolitan area. The concession has a residual duration of 50 years, until April 2070. Elizabeth River Tunnels provide access to important employment, commercial, military and waterside areas in Norfolk and the rest of the Hampton Roads area, which is home to the deepest commercial port on the East Coast.

32 f/x rates and effects

End of period:

Q1 H1 9M FY March March Change June 30, June 30, Change Sept. 30, Sept. 30, Change Dec. 31, Dec. 31, Change 31, 2020 31, 2019 (%) 2020 2019 (%) 2020 2019 (%) 2020 2019 (%)

EUR/USD 1.10 1.12 -2% EUR/USD 1.12 1.14 -2% EUR/USD 1.17 1.09 8% EUR/USD 1.23 1.12 9% USD/EUR 0.91 0.89 2% USD/EUR 0.89 0.88 2% USD/EUR 0.85 0.92 -7% USD/EUR 0.81 0.89 -8% EUR/AUD 1.80 1.58 14% EUR/AUD 1.63 1.62 1% EUR/AUD 1.63 1.61 1% EUR/AUD 1.59 1.60 -1% AUD/EUR 0.56 0.63 -12% AUD/EUR 0.61 0.62 -1% AUD/EUR 0.61 0.62 -1% AUD/EUR 0.63 0.63 1%

Period average:

Q1 Q2 H1 Q3 Jan-Mar Jan-Mar Change Apr-Jun Apr-Jun Change Jan-Jun Jan-Jun Change Jul-Sep Jul-Sep Change 2020 2019 (%) 2020 2019 (%) 2020 2019 (%) 2020 2019 (%) EUR/USD 1.10 1.14 -3% EUR/USD 1.12 1.13 0% EUR/USD 1.10 1.13 -2% EUR/USD 1.17 1.11 5% USD/EUR 0.91 0.88 3% USD/EUR 0.89 0.89 0% USD/EUR 0.91 0.88 3% USD/EUR 0.86 0.90 -5% EUR/AUD 1.71 1.59 8% EUR/AUD 1.67 1.61 3% EUR/AUD 1.68 1.60 5% EUR/AUD 1.63 1.62 1% AUD/EUR 0.58 0.63 -7% AUD/EUR 0.60 0.62 -3% AUD/EUR 0.59 0.63 -5% AUD/EUR 0.61 0.62 -1%

9M Q4 FY Jan-Sep. Jan-Sep. Change Oct.-Dec. Oct.-Dec. Change Jan-Dec. Jan-Dec. Change 2020 2019 (%) 2020 2019 (%) 2020 2019 (%) EUR/USD 1.13 1.12 1% EUR/USD 1.19 1.11 8% EUR/USD 1.15 1.12 2% USD/EUR 0.88 0.89 -1% USD/EUR 0.84 0.90 -7% USD/EUR 0.87 0.89 -2% EUR/AUD 1.67 1.61 4% EUR/AUD 1.63 1.62 1% EUR/AUD 1.66 1.61 3% AUD/EUR 0.60 0.62 -4% AUD/EUR 0.61 0.62 -1% AUD/EUR 0.60 0.62 -3%

Appendix: HOCHTIEF Group overview

Design

Scott Pease Scott

HOCHTIEF CZ HOCHTIEF

©Mark_Dexter

Green Point, Prague, Czech Republic 34 The HOCHTIEF Group

• HOCHTIEF is an engineering-led global infrastructure group with leading positions across its core activities of construction, mining, services and concessions/public-private partnerships (PPP) focused on Australia, North America and Europe.

• Founded in 1873 • Ranked #2 in ENR Top 250 International Contractors1) • Key figures (FY 2020): – 47,000 employees – Op. PBT: EUR 802m – Op. net profit: EUR 477m

2) 2020 Sales by region (EUR 24.0bn) 2% 4%

Americas

30% Asia/Pacific Germany 64% Rest of Europe

1) Source: ENR The Global Sourcebook, Dec. 2020 (based on international sales volume) 2) adjusted for Gorgon and other minor effects 35 HOCHTIEF, leading positions in developed markets – FY 2020

Corporate Headquarters (strategic & operational management holding company)

Hebenstreit

CPB Contractors CPB

Flatiron

© © © MiquelGonzalez/Abertis0 © © CPB Contractors BB © Division Division Division Abertis Infraestructuras HOCHTIEF Americas HOCHTIEF Asia Pacific HOCHTIEF Europe Largest US building Leading position in Australian Leading German-based 20% equity investment in construction management and S.E. Asian construction, contractor and PPP developer leading international toll road company and top 10 civil contract mining, services and focused on Central and operator engineering contractor PPPs Northern European markets

Americas (EUR 14.7bn) Asia Pacific (EUR 6.9bn) Europe (EUR 1.3bn) 1) 2) Sales 64% 30% 6% Total: EUR 24bn

Americas (EUR 237m) Asia Pacific (EUR 230m) Europe (EUR 40m) Abertis (EUR -17m) Nominal 47% 43% 9% Total: EUR 427m net profit1) (EUR 444m pre- Abertis) 1) Total incl. Headquarters and consolidation 2) adjusted for Gorgon and other minor effects 36 Shareholder remuneration

• Strong share price performance since Dec 2012 Shareholder structure • 2020 ordinary dividend: (70.65m shares)  EUR 3.93 per share vs EUR 5.80 in 2019  Total dividend payment for 2020 of EUR 278m • Dividend policy  Payout ratio increased to 65% of nominal net profit from fiscal year 2018

Dividend (EUR per share) Market cap 2012-19 (year-end in EURm) Share price performance (2012-today)

37 Group transformation: Streamlined, diversified and cash focused model Improving performance…

…driven by group transformation 1)

Reshaping the portfolio to focus on core competences in Construction, Contract mining, PPP and Services 1) Operational earnings are adjusted for deconsolidation effects / 2018 figures restated for IFRS 16 38 HOCHTIEF Group – Performance Summary 2013-20 (I)

Sales Op. net profit/Op. PBT margin Divestments 2013 2014 Jun: LEI Telco Mar: Aurelis Sep: Airports Oct: formart Sep: Services Dec: John Holland

Dec: 50% of LEI Services

(EUR m) (EUR (EUR m) (EUR

Order book Order book visibility (Order book/work done)

1) 2018 figures restated for IFRS 16

39 HOCHTIEF Group – Performance Summary 2012-20 (II)

Free Cash Flow from Operations1) Net Cash (+) / Net Debt (-) Cash-in from ∆ NWC (EUR m) (EUR

(EUR m) (EUR (EUR m) (EUR

Gross Capex (EUR m) (EUR

1) Free Cash Flow from Operations is after capex, working capital changes, taxes and financial costs, but before divestments, dividends etc. 2) 2016 net cash position is after EUR 402m net investments (M&A) and EUR 367m HOT & CIM share buybacks in 2016 40 CR – Corporate Responsibility Program Focusing on six areas with clearly defined objectives

1. Compliance Set standards with Code of Conduct

2. Attractive working environment Further strengthen position as a sought-after employer and make a name for ourselves among the most attractive employers in the industry 3. Procurement Redouble efforts to ensure fair, transparent procurement processes and further step up purchases of sustainable products and materials 4. Sustainable products and Develop sustainable products and services, taking an services integrated approach and ensuring top quality from end to end

5. Active climate and resource Conserve natural resources and enhance protection; save protection actively carbon emissions ourselves and jointly with our clients

6. Corporate citizenship Get involved wherever our company is at work or can offer added value by virtue of its capabilities

41 Accounting treatment BICC

• HOCHTIEF intends to fully consolidate BIC Contracting LLC (BICC), Dubai/UAE, in which HOCHTIEF holds an indirect stake of 45 %, in the consolidated financial statements for the financial year 2020 and to report it as an asset held for sale and as a discontinued operation. The comparative year 2019 is also to be re-expressed accordingly in the consolidated financial statements. The figures presented in this presentation do not yet include this full consolidation. In previous years, the stake in BICC has been reported on in the consolidated financial statements using the equity method. HOCHTIEF has already fully written off its investment in BICC in its 2019 consolidated financial statements, after CIMIC, through which HOCHTIEF holds its stake in BICC, announced its intention to withdraw from its business activities in the Middle East.

• The full consolidation of BICC is not expected to have any material impact on HOCHTIEF’s continued operations in the 2020 financial year. In particular, there will be no material impact on the relevant key performance indicators (KPIs) of the HOCHTIEF group in the 2020 financial year (including operational net profit and net cash). Also FY 2021 guidance and the dividend proposal for FY 2020 will not be impacted. The economic effects from CIMIC’s withdrawal from the Middle East are already included in the one-off post-tax impact to CIMIC’s/HOCHTIEF’s 2019 consolidated financial statements announced early in 2020.

• The full consolidation results from a routine audit procedure carried out by the German Financial Reporting Enforcement Panel (FREP) on the consolidated financial statements of HOCHTIEF. The examination by FREP, which was completed in February 2021, concluded that BICC should be fully consolidated in the consolidated financial statements of HOCHTIEF. In response to the conclusions from the FREP and taken into account that this does not imply that HOCHTIEF shares its criteria, HOCHTIEF is going to modify its previous accounting criteria to integrate BIC Contracting Llc (BICC) by full consolidation in the financial statements as of December 31, 2020, re-expressing with this same criteria the comparative figures for the year 2019.

• With regard to the stake in BICC, CIMIC has on 15 February 2021 entered into a sale agreement with a third party outside the group, and this sale is expected to be completed in the next few months.

• The full consolidation of BICC by HOCHTIEF takes time, because the information needed for this purpose first has to be obtained from BICC. HOCHTIEF intends to publish its annual report and its consolidated financial statements for the 2020 financial year – which will also report on the full consolidation of BICC – by the end of March 2021.

Disclaimer This presentation and the report contain forward-looking statements. These statements reflect the current views, expectations and assumptions of the Executive Board of HOCHTIEF Aktiengesellschaft and are based on information currently available to the Executive Board. Such statements involve risks and uncertainties and do not guarantee future results, performance or events. Actual results, performance or events relating to HOCHTIEF Aktiengesellschaft and the HOCHTIEF Group, including but not limited to possible future divestments, profit before tax, consolidated net profit and dividends, may differ materially from the expectations and assumptions described in such statements due to, among other things, changes in the general economic, sectoral and competitive environment, risks associated with capital markets, currency exchange rate fluctuations, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, the conduct of other shareholders, and other factors. Statements on dividends are additionally subject to the recognition of a corresponding unappropriated net profit in the published separate financial statements of HOCHTIEF Aktiengesellschaft for the fiscal year concerned and the adoption by the competent decision-making bodies of appropriate resolutions taking into account the prevailing situation of the Company. HOCHTIEF Aktiengesellschaft does not assume any obligations to update any forward-looking statements.

42 Financial calendar and contacts

06 May 2021 AGM

For further information please contact: Investor Relations HOCHTIEF Aktiengesellschaft Alfredstrasse 236 45133 Essen, Germany Phone: +49 201 824 1870 Fax: +49 201 824 9 1870 [email protected] Mike Pinkney Tobias Loskamp Nadine Wärmer Martina Horst