Porr Ag · VIE:POS
Porr — FY2025 Earnings Presentation
17 slides from Porr's earnings presentation, Mar 25, 2026
Slide 1: Home of Construction – Investor Presentation FY 2025
HOME OF CONSTRUCTION Investor Presentation FY 2025 March 2026
Slide 2: Disclaimer
DISCLAIMER • This presentation was prepared by PORR AG (the "Company") solely for use at investors’ meetings and is United States, and the securities of the Company have not been and will not be registered under the provided solely for informational purposes. A distribution of this document is not p
Slide 3: FY/25 at a Glance
FY/25 AT A GLANCE 1 4 Strong order intake Higher cash position High demand in building and Strong performance in operating infrastructure construction and free cash flow 2 5 Record order backlog at EUR 9.5 bn Capital market development +11.7% in order books Improved capital market performance and pr
Slide 4: Improving Outlook: Rising Demand and Output
IMPROVING OUTLOOK RISING DEMAND AND OUTPUT Annual construction growth rates (in %) 2026 investments in DE vs. AT (in EUR bn) 3.9% 3.2% 3.3% 21.3 2.1 8.8 6.0 2.7 0.5 2.4% 2.2% 1.9% RRF: investments 5.6 in healthcare, 26.7 2026e 2027e 2028e 2026e 2027e 2028e education, energy & digital transition Euro
Slide 5: Supply and Input Cost Security
SUPPLY AND INPUT COST SECURITY MATERIALS FIXED AND ENERGY PRICES HEDGED Construction input costs (indexed per Jan. 2020) Energy prices (indexed per Jan. 2020) 250 1000 225 850 200 700 175 550 150 400 125 250 100 100 Jan. 21 Jan. 22 Jan. 23 Jan. 24 Jan. 25 Jan. 26 Jan. 21 Jan. 22 Jan. 23 Jan. 24 Jan.
Slide 6: Order Intake: Continued Increase
ORDER INTAKE CONTINUED INCREASE Order intake (in EUR m) 7,813 6,659 6,835 6,846 11% 8% 11% 8% ▪ Strong increase in railway & 24% tunnelling based on EU funded 29% infrastructure packages in PL, RO 14.1% and CZ 57% ▪ Recovery in building construction 53% 2022 2023 2024 2025 Civil engineering Non-resi
Slide 7: Segment Reporting: Order Intake in 2025
SEGMENT REPORTING ORDER INTAKE IN 2025 Group AT / CH DE PL CEE INFRA 1,230 1,224 1,166 480 3,330 Order intake 7,813 3,279 1,421 Change in % 6,846 1,185 in EUR m 860 14.1% 1.6% 20.0% -0.6% 35.5% >100% 169 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 ▪ Design & Build ▪ ARGE Kachlet ▪ Co
Slide 8: Growing Backlog: Design & Build on the Rise
GROWING BACKLOG DESIGN & BUILD ON THE RISE Order backlog (in EUR m) 9,539 8,452 8,543 7% ▪ All-time high in order backlog 8,204 8% 4% ▪ Increase of civil engineering share 11% 27% 7% based on strong investments in PL 32% & CEE +11.7% ▪ 2025: Increase in building construction in AT and DE 58% 53% 202
Slide 9: Growing Backlog: Book to Bill
Airport GROWING BACKLOG Otopeni, Romania BOOK TO BILL Revenue (in EUR m) Book to bill1 ratio Order backlog (in EUR m) Changes (in %) 1.5 (+9.8%) 315 (+62.8%) 1,241 32 AT / CH: 1.1 (+15.0%) (-5.7%) 2,861 500 DE: 1.2 (-17.3%) (+12.4%) 701 PL: 2.0 (+12.2%) 1,375 Total Total (+54.9%) CEE: 2.0 (+77.9%) 9
Slide 10: Revenue at Record Level
REVENUE AT RECORD LEVEL 32 -62.7% Revenue (in EUR m) 500 6,296 +24.1% 6,049 6,191 701 5,786 7% -12.9% 10% +1.7% 8% 2,549 12% -2.2% 29% Total 23% 961 +2.1% 6,296 55% 56% 1,553 +15.1% 2022 2023 2024 2025 Civil engineering Non-residential AT / CH DE PL CEE INFRA Holding Residential Miscellaneous ▪ Cont
Slide 11: Margin Improved as Promised
MARGIN IMPROVED AS PROMISED EBIT (in EUR m) EBIT (in % from revenue) 196.7 158.4 140.3 120.1 95.2 3.1% 2.6% 2.3% 2.1% 1.8% 2021 2022 2023 2024 2025 ▪ Efficiency improvement and reduction in purchased services ▪ Cost savings and higher at-equity results Limberg III Salzburg, Austria Investor Presenta
Slide 12: Margin Improvement Across All Segments
MARGIN IMPROVEMENT ACROSS ALL SEGMENTS 120.3 EBIT (in EUR m) 2025 4.7% EBIT (in % from revenue) 2025 122.1 EBIT (in EUR m) 2024 4.7% EBIT (in % from revenue) 2024 38.8 2.5% 31.7 3.3% 28.2 4.0% 3.4 24.0 0.7% 1.8% 20.3 2.2% 26.4 -17.0 3.3% -4.2% AT / CH DE PL CEE INFRA DC Tower Representation of opera
Slide 13: Improvement in Cash Flow from Operations
IMPROVEMENT IN CASH FLOW FROM OPERATIONS STRONG FREE CASH FLOW Cash flow from operations (in EUR m) Net cash (in EUR m) 375 378 287 93 276 145 96 236 177 59 <-100% 233 40 191 99 138 2022 2023 2024 2025 -2 2022 2023 2024 2025 Cash flow from investing activities Free cash flow ▪ Strong operating und f
Slide 14: Increase in Equity Despite Hybrid Redemption
INCREASE IN EQUITY DESPITE HYBRID REDEMPTION Equity (in EUR m) and equity ratio (in %) 964 860 894 799 ▪ Increasing equity and ratio despite redemption of hybrid bond (Feb. 20.8% 21.1% 21.1% 2025 of EUR 46.5m) 19.3% ▪ Rise of free float, institutional investors and liquidity in PORR share following
Slide 15: Results of PORR 2025 at a Glance
RESULTS OF PORR 2025 AT A GLANCE Profit (in EUR m) Return on Equity1 (in %) Dividend per share Earnings per share Share price 16.3% 1.052 +134.0% 136.7 +7.3 PP 3.00 +123% 9.0% +110% 61.4 0.50 +154% 1.18 2021 2025 2021 2025 2021 2025 2021 2025 1 Calculation ROE = Profit attributable to shareholders o
Slide 16: PORR Share Price: Strong Performance Drives Institutional Interest
PORR SHARE PRICE STRONG PERFORMANCE DRIVES INSTITUTIONAL INTEREST 3,00 + 154 % 40 Institutional / retail Distribution of free 31.12.25 split identification float (Change to 2024) EUR 32.15 Sep 2025 1,50 ATX 30 7.5% 5.7% AT 14.9% 9.1% 14.5% Share price in EUR Retail -16.5 PP Earnings per share in EUR
Slide 17: Outlook 2026
OUTLOOK 2026 Moderate growth in revenue and output Improved EBIT margin 2030 EBIT margin 3.5% - 4.0% Investor Presentation 25.03.2026 I Page 17