Strabag Se · VIE:STR
Strabag — Investor Presentation (November 2025)
41 slides from Strabag's investor presentation, November 2025
Slide 1: A diversified leader in construction, innovation and financial strength
A diversified leader in construction, innovation and financial strength. Company Presentation
Slide 2: Disclaimer
Disclaimer This presentation is made by STRABAG SE (the “Company”) solely for use at should not be interpreted as having been adopted or endorsed by the Company investor meetings and is furnished to you solely for your information. as being accurate. This presentation contains forward-looking statem
Slide 3: STRABAG is the strongest force for building a better future
STRABAG is the How our vision becomes reality strongest force for By advancing progress along the entire value chain. We create value for people and the environment by building a better taking an end-to-end view of construction over the entire life future. cycle. We are actively shaping the future o
Slide 4: The STRABAG value proposition
The STRABAG value proposition diversifiziert Leading. Diversified. Strong market Resilience through positions through 4-fold critical size diversification Financially Innovative. strong. Innovation and Stability through sustainability through financial strength & technology leadership effective risk
Slide 5: Leading.
01 Leading. STRABAG is the largest construction group in CEE, combining local expertise with global reach. 5
Slide 6: A leader in construction, innovation & financial strength
GROUP PROFILE A leader in construction, innovation & financial strength Fully vertically integrated business model 19.2 25.4 6.1% 34.1% Output volume (€ bn) Order backlog (€ bn) EBIT margin Equity ratio Construction materials BBB+, stable ~ 2,400 ~ 86,000 > 50 production S&P rating Employees in inno
Slide 7: We cover the entire value chain in construction
GROUP ACTIVITIES We cover the entire value chain in construction Core business construction Construction materials production A network of 550 production sites Planning & design > 1,000 engineers in a Construction Development centralised design hub > 650 completed real estate developments Reconstruc
Slide 8: We combine local expertise with global reach
GROUP PRESENCE We combine local expertise with global reach Europe Leading market positions in Germany, Austria, CEE Americas Canada, Chile, Colombia Australia & Middle East Middle East: UAE, Oman, Qatar local presence project business 8
Slide 9: The market environment improves
GROUP PRESENCE The market environment improves 2024 2025 -4.6% +7.3% Poland Poland -0.4% 0.0% Germany Germany -1.3% -1.4% Czech Republic Czech Republic -8.6% +3.4% Slovakia Slovakia -2.0% 1.3% Austria -4.1% Austria +1.6% Hungary Hungary +3.1% -1.9% Romania Romania +3.4% +3.4% Croatia Croatia 1) Mark
Slide 10: We are active in promising markets
GROUP PRESENCE #4 We are active in promising markets |2 1 Railway & transportation EU infrastructure investments Cohesion fund 2 2021-2027 German special fund € 107 bn Germany | 2025-2029 € 76 bn 1 Poland for infrastructure € 42 bn Poland | 2025-2032 328 € 35 bn Romania 12 yrs 3 Austria | 2025-2030
Slide 11: Current large-scale projects in progress
GROUP PROJECTS Current large-scale projects in progress Order backlog As % of total Country Project in € mn order backlog United Kingdom HS2 high-speed rail line 961 3.8 Germany Bayerische Versorgungskammer 543 2.1 Germany U5 East, Hamburg 521 2.1 Germany US hospital, Weilerbach 520 2.1 Germany Lock
Slide 12: Order intake in 2024 reflects strategic priorities
GROUP PROJECTS Order intake in 2024 reflects strategic priorities N+W 1 N+W 2 S+E 3 Civil engineering works – German energy infrastructure 1 projects SuedOstLink and SuedLink Shipping lock replacement > € 1.1 bn 2 Kriegenbrunn in total ~ € 450 mn ~ € 297 mn Reconstruction and extension Germany Germa
Slide 13: Key strategic topics for a sustainable 6% EBIT margin by 2030
GROUP STRATEGY Key strategic topics for a sustainable 6% EBIT margin by 2030 Employee focus Circularity Technology leadership promotes our most important asset: helps us fight environmental pollution helps us to constantly become more people. and the shortage of raw materials. efficient and effectiv
Slide 14: Well on track to achieve the goals of Strategy 2030
GROUP STRATEGY Well on track to achieve the goals of Strategy 2030 2022 2030 (base year) 2024 (target year) Output volume (€ bn) 17.7 19.2 CAGR ~ 6% EBIT margin 4.2% 6.1% 6% Equity ratio 31.7% 34.1% ≥ 25% Dividend payout ratio 43% 34%1) 30–50% WORK ON PROGRESS S&P Rating BBB BBB+ Maintain investment
Slide 15: Diversified.
02 Diversified. STRABAG is diversified across four areas. This allows us to spread our risk and balance out cyclical and seasonal effects. © Dalmacija News 15
Slide 16: Group resilience through 4-fold diversification
GROUP DIVERSIFICATION Group resilience through 4-fold diversification Diversified by STRABAG Segment Region Project size Client delivers complex 7 2 5 9 8 projects of nearly 8 7 36 39 15 33 all sizes and 10 € 19.2 bn 24 € 19.2 bn 49 € 25.4 bn € 19.2 bn 67 segments in over 24 31 15 13 50 countries Ou
Slide 17: Balanced contributions across operating segments
OPERATING SEGMENTS Balanced contributions across operating segments Output volume Order backlog by segment | % by segment | % 17 22 43 € 19.2 bn € 25.4 bn 48 39 30 North + West South + East International + Special Divisions 2024 FY figures | 4th, non-operating segment “Others”, output volume < 1%, n
Slide 18: North + West: Germany, Switzerland and others
OPERATING SEGMENTS North + West: Germany, Switzerland and others Helaba large-scale Segment output by region project in Germany KEY SEGMENT CHARACTERISTICS by ZÜBLIN • North + West is the Group’s largest segment • Here we report our construction activities in Germany, Switzerland, the Benelux 2% Ben
Slide 19: South + East: Austria and CEE region
OPERATING SEGMENTS South + East: Austria and CEE region Renovation of Czech Segment output by region Masaryk Railway KEY SEGMENT CHARACTERISTICS Station by STRABAG • In South + East we report our construction Croatia 3% activities in Austria and the CEE region • CEE includes Poland, the Czech Republ
Slide 20: International + Special Divisions: Pooling specialised expertise
OPERATING SEGMENTS International + Special Divisions: Pooling specialised expertise STRABAG part of JV Segment output by region delivering HS2 high- KEY SEGMENT CHARACTERISTICS speed rail line in UK • The segment includes our construction Poland 3% activities in the United Kingdom and outside of Eur
Slide 21: Innovative.
03 Innovative. STRABAG innovates construction through technology, targeting climate neutrality along the value chain by 2040. © HS2 21
Slide 22: Innovation is part of our DNA
INNOVATION Innovation is part of our DNA Standardisation Digital processes Automation STRABAG stands out by combining innovation, in-house capabilities and digital scale – turning concepts into Offsite production BIM 5D ® construction reality. Selected products by STRABAG Serial construction STRABAG
Slide 23: We have built a complete technology ecosystem
TECHNOLOGY LEADERSHIP We have built a complete technology ecosystem Digital > 2,400 Production Data Science Hub Employees in innovation & digitalisation BIM 5D ® Robotics & IoT TECHNOLOGY ECOSYSTEM > 250 Innovation projects GIS & Generative Design STRABAG.Maps > 400 Sustainability projects STRABAG s
Slide 24: BMTI – STRABAG's machinery and equipment fleet
> € 4.51) bn Equipment fleet > 25,000 Vehicles Selected innovation projects BMTI BMTI at a glance STRABAG BMTI is the machinery and equipment service provider for the STRABAG Group. It oversees the Group-wide operational management of mobile assets (construction machinery, vehicles and mechanical eq
Slide 25: SID – STRABAG's catalyst for innovation and digitalisation
> 400 Employees (FTE) 11 Countries Selected innovation projects SID 22 Locations SID at a glance SID (STRABAG Innovation & Digitalisation) is STRABAG's dedicated central unit for driving innovation, digital transformation and sustain- ability across the Group. Its mission is to strengthen and mainta
Slide 26: TPA – one of the largest private lab networks
> 950 Employees (FTE) 16 Countries Selected innovation projects TPA 135 Locations TPA at a glance TPA is STRABAG’s centre of excellence for construction materials and technology, specialising in asphalt, concrete, soil, geotechnics, environmental technology and engineering. As one of Europe’s larges
Slide 27: ZT – STRABAG's internal design and engineering hub
> 1,000 Engineers 9 Countries Selected innovation projects ZT 32 Locations ZT at a glance Zentrale Technik (ZT) is STRABAG’s central hub of technical expertise, supporting projects along the entire construction chain throughout all project phases. ZT plays a key role in driving STRABAG’s technologic
Slide 28: Construction can also be done sustainably
WORK ON PROGRESS Construction can also Innovation & sustainability through technology leadership be done sustainably. Through the use of technology, STRABAG is shaping the future of That’s the way we do construction. The focus is on standardisation, digital processes things. and automation. This not
Slide 29: WORK ON PROGRESS means continuous development
SUSTAINABILITY WORK ON PROGRESS means continuous development WORK ON Sustainability Strategy PROGRESS 2025 2021 2022 2023 2025 Sustainability Strategy Group Strategy 2021 2030 People. Planet. Progress. 29
Slide 30: Our focus areas in sustainability
SUSTAINABILITY STRATEGY Our focus areas in sustainability 30
Slide 31: Our contribution to the environment
SUSTAINABILITY STRATEGY Our contribution to the environment Strategic focus topics Decarbonisation1) Circular economy Biodiversity & ecosystems Strategic goals On the basis of science-based targets, we are We are putting circular economy principles into We protect biodiversity and ecosystems by: red
Slide 32: Our commitment to social responsibility
SUSTAINABILITY STRATEGY Our commitment to social responsibility Strategic focus topics Human rights along Our employees the value chain Added value for society Strategic goals We promote the wellbeing of our employees We protect human rights through: We create added value for society by: through: •
Slide 33: Our engagement in governance
SUSTAINABILITY STRATEGY Our engagement in governance Strategic focus topics Fair competition Nachhaltige Unternehmensführung Sustainable Mehrwert für die Gesellschaft corporate governance Strategic goals We avoid corruption and anti-competitive behaviour by: We have established clear structures and
Slide 34: ESG commitment confirmed by solid ratings
ESG RATINGS ESG commitment confirmed by solid ratings Our ESG ratings & ESG commitment Positive results in 2024 ESG ratings CDP reconfirmation of “B” score (Climate Change) Sustainalytics 29.2 (medium risk) (last evaluation: Nov. 2024) EcoVadis 68/100 points 34
Slide 35: Financially strong.
04 Financially strong. STRABAG’s financial strength enables agile business opportunities, with a strategic focus on risk management. © STRABAG / Marko Kovic 35
Slide 36: Output and order backlog at record highs
FINANCIAL PERFORMANCE Output and order backlog at record highs Output volume | € mn Proven financial track record Business consolidation from 2013 to 2023 17,735 19,139 19,239 after a decade of strong inorganic growth 16,323 16,618 16,129 14,621 15,447 14,290 13,491 Top-line growth not a strateg
Slide 37: Profitable growth with consistent dividends
FINANCIAL PERFORMANCE Profitable growth with consistent dividends EBIT | € mn and EBIT margin | % Proven financial track record 1,062 896 Strong track record of sustainable earnings 880 growth; EBIT margin more than doubled 706 (2015–2024) 603 631 558 425 448 Effective risk management as key dri
Slide 38: Financial strength as a key differentiator
FINANCIAL PERFORMANCE Financial strength as a key differentiator Net debt (+) / Net cash (-) | € mn Proven financial track record Robust balance sheet as a key enabler of business operations > 30% equity ratio and net cash position -449 maintained throughout the past decade -1,094 -1,335 -1,218
Slide 39: STRABAG on the capital markets
FINANCIAL PERFORMANCE STRABAG on the capital markets STRABAG share price development Shareholder structure October 2025 | % 250% STRABAG ATX STOXX 2.4 225% 16.2 UNIQA/Raiffeisen1) 200% 30.4 Haselsteiner family2) +90% 175% Market cap MKAO “Rasperia 150% € 8.6 bn Trading Limited” 3) 125% 24.1 Free flo
Slide 40: Proven record of financial solidity
FINANCIAL PERFORMANCE Proven record of financial solidity Output Net cash EBIT Equity ratio Dividend ROCE volume position +6% +14% € 2.2 bn 33% € 1.6 bn +93% CAGR CAGR Ø Ø Paid out1) Δ 2020–2024 2020–2024 2020–2024 2020–2024 2020–2024 2020–2024 € mn € mn € mn % € per share % 2020 15,447 2020 631 202
Slide 41: Experienced Leadership at STRABAG
ANNEX Experienced Leadership at STRABAG Dipl.-Ing. Stefan Kratochwill Mag. Christian Harder Dipl.-Ing. (FH) Jörg Rösler Dipl.-Ing. Siegfried Wanker Dipl.-Ing. (FH) Péter Glöckler CEO CFO Member of the Management Board Member of the Management Board Member of the Management Board Joined STRABAG in 20