Mota-Engil

Investor Presentation • Mar 5, 2024

EARNINGS RELEASE 2023

5 March 2024

BUILDING PURPOSE with

EARNINGS RELEASE 2023

TABLE OF CONTENTS

Page 2

02	Results Overview	Page 6
03	Business Units 1. Europe E&C 2. Africa E&C 3. Latin America E&C 4. Environment 5. Mota-Engil Capital & MEXT	Page 16
04	Concessions Strategic Insight	Page 28
05	Final Remarks and Outlook	Page 30

01 Key Highlights

1

EARNINGS RELEASE 2023

01

KEY HIGHLIGHTS

2

(+120% YoY; 2% margin)

3 ¹Restated. Effect of the conclusion of the Price Purchase Allocation process associated with the gain of control in Concesionaria CUA, S.A.P.I. de C.V. in 2022 (IFRS 3 requirement) 2 Includes leasing, factoring and confirming. 3

Equity/Assets 10% +2p.p. YoY)

Key Highlights

KEY HIGHLIGHTS

Delivering

Well positioned to achieve the recently revised Strategy targets for 2026

Strategic Pillar	Strategic Plan target 2026	2021	2022	2023
Accountability & Profitability	Net margin Group 3%	0.9%	1.4%	2%
Strengthened balance sheet	Net debt/EBITDA <2x Gross debt/EBITDA <4x Financial autonomy (Equity/Total assets) > 15%	2.7x 6.0x 8%	1.7x 4.5x 8%	1.4x 3.3x 10%
Focused on cash generation	16% EBITDA margin Improve FCFO	16% €350 mn	14% €608 mn	15% €688 mn

Shaping The Future

ESG as a Top Priority in the Strategic Agenda Committed to further improvements towards ESG targets

S&P Global ESG score above industry mean

		Mota-Engil SGPS

S&P Global ESG Score

EARNINGS RELEASE 2023

02

RESULTS OVERVIEW

Record turnover and net profit

▪ Record Turnover up 46% YoY to €5,552 mn on the back of strong order intake and fuelled by an outstanding execution in E&C

▪ EBITDA increased 55% YoY to €837 mn with EBITDA margin expanding to 15% supported by better profitability in E&C

▪ Operational performance reflecting EBIT improvement, with margin up 3 p.p. YoY to 9%

▪ Financial results reflect the strategy of increasing debt raising in local currencies to actively and naturally hedge our position, along with higher interest rates context

▪ Minorities mainly impacted by the strong performance of the core markets, mostly Mexico, but also Nigeria and Angola

▪ Record net profit at €113 mn, representing a net margin of 2%

¹Restated. Effect of the conclusion of the Price Purchase Allocation process associated with the gain of control in Concesionaria CUA, S.A.P.I. de C.V. in 2022 (IFRS 3 requirement).

	2023	2022¹	YoY	2H23	YoY
(€ mn) P&L
Turnover	5 552 ,	3 804 ,	46%	2 994 ,	22%
EBITDA	837	541	55%	485	45%
Margin	15%	14%	1 p.p.	16%	19%
EBIT	516	244	112%	303	87%
Margin	9%	6%	3 p.p.	10%	4 p.p.
financial results and others Net	(136)	(102)	(33%)	(57)	(31%)
Financial results	(176)	(146)	(20%)	(91)	(1%)
Capital gains	40	44	(8%)	34	n.m.
Associates	15	(3)	n.m.	8	n.m.
EBT	396	139	185%	255	248%
profit Net	266	99	168%	178	212%
Attributable to:
Non-controlling interests	153	48	216%	95	237%
Group	113	52	120%	83	187%
Margin	04% 2	35% 1	1 p.p.	78% 2	2 p.p.

▪ E&C top-line up 54% YoY to €4,922 mn with double-digit growth in all regions, with full speed in major projects in Latam (+81% YoY)

▪ E&C EBITDA increased 74% YoY to €714 mn, reflecting a better profitability in all regions, mainly in Africa (+43% YoY) and Latin America (+133% YoY)

▪ Environment turnover reached €518 mn, down 7% YoY with the Waste Treatment activity representing 53% of the total

▪ Capital & MEXT turnover reached €134 mn (+27% YoY) and EBITDA was €12 mn

Excellent execution reflected in higher profitability

	2023	%T	2022	%T	YoY	2H23	%T	YoY
breakdown (€ mn) P&L
(T) Turnover	5,552		3,804		46%	2,994		22%
Engineering&Construction	4 922 ,		3 198 ,		54%	2 633 ,		27%
Europe	666		510		31%	375		45%
Africa	1,518		1,183		28%	843		15%
E&C	1,163		822		42%	663		22%
Industrial Engineering	355		361		(2%)	180		(6%)
Latin America	2,750		1,519		81%	1,424		31%
E&C	2,288		1,209		89%	1,191		35%
and Concessions Energy	461		311		48%	233		13%
Other and intercompany	(12)		(14)		12%	(9)		(48%)
Environment	518		556		(7%)	264		(22%)
Capital and MEXT	134		105		27%	69		22%
Other and intercompany	(22)		(55)		61%	28		n.m.
EBITDA	837	15%	541	14%	55%	485	16%	45%
Engineering&Construction	714	15%	411	13%	74%	417	16%	50%
Europe	54	8%	40	8%	33%	39	10%	50%
Africa	321	21%	225	19%	43%	174	21%	20%
E&C	233	20%	128	16%	81%	134	20%	44%
Industrial Engineering	8 8	25%	9 7	27%	(9%)	4 1	23%	(23%)
Latin America	340	12%	146	10%	133%	204	14%	105%
E&C	315	14%	118	10%	168%	187	16%	121%
and Energy Concessions	2 5	5 %	2 8	9 %	(12%)	1 7	7 %	11%
Environment	110	21%	131	24%	(16%)	58	22%	(4%)
Capital and MEXT	12	9%	4	4%	199%	7	11%	298%
Other and intercompany	1		(5)		n.m.	2		n.m.

• Record backlog following a strong order intake in 2023 and underpinned by large projects
• Core Markets represents 73%, with Mexico being the market with the largest backlog (25% of the total), followed by Nigeria (18%) and Angola (13%)
• The backlog bodes well for a positive revenue stream in 2024 and reflects a comfortable E&C Backlog/Revenue ratio of 2.6 years, not yet considering the order intake amounting to €1.6 bn of new contracts already awarded in the first weeks of 2024
• Major projects not included in the backlog worth €1.6 bn (signed after Dec. 2023): €875 mn in Angola (urban infrastructures and maritime works); €380 mn in Portugal (New Lisbon Hospital); €275 mn in Peru (two mining projects) and €100 mn in Mexico (infrastructures)

¹Not considering revenues from concession contracts (highways and waste treatment).

High quality Backlog¹ of €13 bn with €6 bn awarded in 2023

¹Selection of E&C projects above €200 mn and with c.34 projects above €100 mn.

Major construction projects currently in backlog 1

Project	Range (€ mn)	Country	Segment	of Exp. Year Completion	Customer
/ - Maradi Kano Kano Dutse	> 1,000	Nigeria	Railway Infrastructures	2025	Federal of Ministry Transportation
Kano-Maradi-Dutse project - Rolling stock	[500 ,1000[	Nigeria	Railway Infrastructures	2025	Federal of Ministry Transportation
Tulum-Akumal Tren Maya	[500 ,1000[	Mexico	Railway Infrastructures	2024	Fonatur
y 6 Metro Monterrey L4, 5	[500 ,1000[	Mexico	Railway Infrastructures	2027	Gobierno del Edo de Nuevo Leon
do Itombe- railway Zenza Cacuso	[500 ,1000[	Angola	Railway Infrastructures	2028	Ministério dos Transportes
Gamsberg Mine	[500 ,1000[	South Africa	Industrial Engineering	2030	Vedanta International Zinc
Lafigué Mine	[500 ,1000[	Ivory Coast	Industrial Engineering	2028	Endeavour Mining PLC
Gold Mine Boto	[300 ,500[	Senegal	Industrial Engineering	2029	Managem Group
Tren Maya	[300 ,500[	Mexico	Railway Infrastructures	2027	Fonatur
Autopista Tultepec - Pirámides	[200 ,300[	Mexico	Road Infrastructure	2026	Tultepec-AIFA-Pirámides Concesionaria
Cabinda-Miconje rehabilitation	[200 ,300[	Angola	Road Infrastructure	2026	Ministério das Obras Públicas e Ordenamento do Território
Simandou - Earthworks project	[200 ,300[	Guinea	Civil Construction	2026	Atlantic Ltd Rio Tinto Iron Ore
Medellin Consorcio 80 Metro	[200 ,300[	Colombia	Railway Infrastructures	2026	de Medellin EMP - Empresa Metro
Highways "Lagos-Badagry-Seme" and "Shagamu-Benin"	[200 ,300[	Nigeria	Road Infrastructure	2025	Federal of Works and Ministry Housing
Rehabilitación - Palenque Coatza	[200 ,300[	Mexico	Railway Infrastructures	2024	de Secretaria Marina
of the red line Lisbon subway Extension	[200 ,300[	Portugal	Railway Infrastructures	2026	Metropolitano de Lisboa EP
Línea Guadalajara 4	[200 ,300[	Mexico	Railway Infrastructures	2025	de Secretaria Marina
Extensión Canal Gran	[200 ,300[	Mexico	Road Infrastructure	2026	Canal Constructora Gran
CMRO Nayarit	[200 ,300[	Mexico	Road Infrastructure	2025	Nayarit CMRO

1 Includes Industrial Engineering contracts in Africa and the Energy business in Latin America.

• Capex aligned with the strong increase in 2023 activity (Tren Maya acceleration and relevant EPCs in Nigeria, Angola and Guinea), as well as investment in new long-term contracts (Ivory Coast, South Africa and Senegal)
• Increase in capex mainly driven by E&C growth and Environment, still the ratio capex to revenues was stable YoY at 9%
• Growth and Long-term contracts represents 76% of the total
• Environment accounted for €112 mn, of which 87% in the Treatment business (EGF)

-300

-200

-100

0

100

200

300

400

Effective working capital management

▪ Equity increased €193 mn YoY to €746 mn

	Dec 2 3	Dec ¹ 22	20% YoY 15%	17%
Balance sheet (€ mn)			10%	367
Fixed assets	1 852 ,	1 708 ,	144
Financial investments	523	419	104
/ (payables) receivables & others Long term	(134)	(286)	5 % 152
Working capital	(187)	(206)	19
	2 054 ,	1 635 ,	419 0 %
Equity	746	553	193
Provisions	133	143	-5% (9)
debt Net	1 175 ,	939	236
	2 054 ,	1 635 ,	-10% 419

¹Restated. Effect of the conclusion of the Price Purchase Allocation process associated with the gain of control in Concessionaire Autopista Cuapiaxtla - Cuacnopaln Concesionaria CUA, S.A.P.I. de C.V. in 2022 (IFRS 3 requirement).

^▪ Cash conversion measures resulted in a stable working capital YoY along with very strong activity growth

Generating cash to support the growth and diversification strategy, with debt under control

¹Net debt considers Angola's, Mozambique's and Ivory Coast's sovereign bonds as "cash and cash equivalents" which amounted to €124 mn (€131 mn nominal value) in December 2023 (€126 mn Angola's and Mozambique's sovereign bonds in December 2022). In 2024, Angolan bonds with a nominal value of US\$84.5 mn, will reach maturity.

7.00x

2.00x

3.00x

4.00x

5.00x

6.00x

7.00x

8.00x

9.00x

10.00x

14 ¹Net debt considers Angola's, Mozambique's and Ivory Coast's sovereign bonds as "cash and cash equivalents" which amounted to €124 mn (€131 mn nominal value) in December 2023 (€126 mn Angola's and Mozambique's sovereign bonds in December 2022). In 2024, Angolan bonds,with a nominal value of US\$84.5 mn, will reach maturity. 2 Includes leasing, factoring and confirming. 14

Net Debt¹/EBITDA of 1.4x

Net debt¹ and Net debt/EBITDA Gross debt

² and Gross debt/EBITDA

• Notwithstanding the significant growth experienced in 2023, net debt was carefully managed and controlled, reducing Net debt¹/EBITDA to 1.4x in line with the Strategic Plan 2026 target of below 2.0x
• Gross debt ² /EBITDA went down to 3.3x from 4.5x in 2022

• Leasing, Factoring and Confirming amounted to €759 mn (€577 mn in 2023)

• Liquidity position is higher than the total amount of the non-revolving financing instalments for the next 3 years

• €236 mn already refinanced
• Average gross debt maturity of 2.5 years
• Average cost of debt at 7.6%, reflecting the mix of several local currency financings and in a higher interest rate context

Liquidity Position of €1,365 mn

Gross debt² maturity, Dec.23

1 In 2024, Angolan bonds, with a nominal value of US\$84.5 mn, will reach maturity. ²Excluding leasing, factoring and confirming.

Cash and Sovereign bonds available

EARNINGS RELEASE 2023

BUSINESS UNITS

03

EARNINGS RELEASE 2023

ENGINEERING & CONSTRUCTION

BUSINESS UNITS

17

PORTUGAL ·SPAIN ·POLAND

EUROPE

HIGHLIGHTS 2023

3 COUNTRIES

€666mn TURNOVER

EARNINGS RELEASE 2023

▪ E&C Europe turnover was €666 mn, of which c.69% in Portugal

▪ Backlog was €1.1 bn with projects mainly in the railway and road segments

• EBITDA margin of 8%
• the backlog
• -
  -

▪ Recent significant awards such as the extension of the Red line of the Lisbon subway (c.€300 mn) and the Oriental Lisbon Hospital (€380 mn), the former not yet included in

▪ Unique capabilities to benefit from relevant infrastructures investments, namely the high speed train construction works that represent a total expected investment of c.€8 bn:

▪ First tender (stretch Porto-Oiã) already launched (c.€2 bn),

▪ Second tender Oiã-Soure (c.€1.8 bn) to be launched in 1H24

▪ Agreement for the disposal of Mota-Engil Central Europe with an EV of €90 mn (backlog €305 mn, turnover €201 mn and EBITDA €14 mn in 2023), thus delivering on the strategy to focus on core markets and strength the balance sheet

Positioned for growth from key infrastructure projects

EUROPE

ANGOLA · NIGERIA · MOZAMBIQUE ·SOUTH AFRICA MALAWI · UGANDA · RWANDA· GUINEA · CAMEROON IVORY COAST ·KENYA·SENEGAL · ZIMBABWE

AFRICA

HIGHLIGHTS 2023

13 COUNTRIES €1,518mn TURNOVER €7,112mn BACKLOG

▪ Turnover was €1,518 mn, up 28% YoY, of which 62% from the core markets Angola (+24% YoY), Mozambique (+12% YoY) and Nigeria (+344% YoY)

▪ Industrial Engineering accounted for 23% of the segment turnover

▪ Improve in profitability to 21% (+2 p.p. YoY), with EBITDA up 43% YoY to €321 mn on the back of better performance mainly in the core markets

▪ Backlog of €7.1 bn, implying a robust growth outlook, geographically and sector diversified such as, railway (Kano-Maradi in Nigeria), Industrial Engineering and Infrastructures

▪ 2024 will be the first full year of operations of Angola's Lobito Corridor, the most

EARNINGS RELEASE 2023 AFRICA

-

-

- important African commodities logistic infrastructure

▪ 98% of contracts signed with private players (tier 1) and with public clients, whose contracts are financed by multilaterals or with public guarantee financed by financial institutions

▪ 2024 focus will continue to be on efficient project execution, while looking for opportunities preferably in the core markets, considering the recognition and competitive advantages resulting from long-term presence and continuous investment in the region

Strong growth prospects across the

pipeline

MEXICO ·PERU ·BRAZIL COLOMBIA ·PANAMA

LATIN AMERICA

HIGHLIGHTS 2023

EARNINGS RELEASE 2023

▪ The E&C showed another outstanding growth in 2023 with turnover up 81% YoY to €2,750 mn, of which 82% in Mexico (up 92% YoY), also with a positive contribution from

• Brazil (+115% YoY) and Peru (+23% YoY)
• Mexico

▪ EBITDA was €340 mn and margin reached 12% (+2 p.p.) mainly driven by the E&C in

▪ Backlog was €4.4 bn and include high quality and large railway projects in Mexico, Oil & Gas projects in Brazil and important mining contracts in Peru

▪ Nearshoring opportunities in Mexico will be a pillar to sustain backlog going ahead

▪ Infrastructure concession strategy aims to continue unlocking and maximizing value

▪ Brazil's massive Infrastructure Investment Plan (example: the Security and Energy Transition axis envisages an investment of €105 bn) as a driver for future growth

Continuing positive momentum

EARNINGS RELEASE 2023

ENVIRONMENT

BUSINESS UNITS

PORTUGAL ·ANGOLA·BRAZIL IVORY COAST · MOZAMBIQUE · OMAN

HIGHLIGHTS 2023

6 COUNTRIES €518mn TURNOVER

€300mn BACKLOG

EARNINGS RELEASE 2023

Profitable recurring revenues

¹ Excludes future revenues from concession contracts (Waste Treatment).

▪ Turnover down 7% YoY to €518 mn, with the waste treatment (EGF) and the International

• activity accounting for 53% and 28%, respectively
• EBITDA of €110 mn, with profitability reaching 21%
• Backlog¹ of €300 mn, only related to waste collection services
• The waste treatment and collection expected to show a steady activity
• Upside potential in the international business, namely in core markets
• assets

▪ Structuring waste-to-energy projects to leverage and maximize value from existing

▪ Urbaser transaction completed will allow efficiencies, synergies and international inroads

ENVIRONMENT

EARNINGS RELEASE 2023

MOTA-ENGIL CAPITAL & MEXT

BUSINESS UNITS

PORTUGAL ·ANGOLA· MALAWI MOZAMBIQUE ·POLAND

HIGHLIGHTS 2023

5 COUNTRIES

• Turnover of €134 mn, up 27% YoY with EBITDA of €12 mn
• New projects regarding asset lifecycle management (O&M) to assure clean energy and a more sustainable operations with positive perspectives to grow up to 2026 (ME ATIV, Renewing, MEXT and other projects)
• New concessional projects in Portugal, such as the Oriental Lisbon Hospital (already awarded) and high speed train (ongoing tenders) are key projects for future growth
• Focus on the Portuguese real estate activity, based on our current land plots portfolio, following the agreement to sell the real estate in Poland

Positive evolution with solid perspectives

EARNINGS RELEASE 2023

CONCESSIONS STRATEGIC INSIGHT 04

Shaping The Future Recent Achievements Price/Book value multiple

Mota-Engil stake of 60% (BV2023 of €79 mn)

✓ Potential upside as transaction was concluded well above Book Value

Unlocking value from the concession assets in 2024

Status	Concession
concluded Transactions	Cuapiaxtla - Cuacnopalan Autopista
already Transactions signed be concluded in to (2024) the short term	Cardel Autopista Rica - Poza Autopista - Tampico Tuxpan Tamaulipas APP
Concessions under development	Urbana de la Nación Autopista Siervo Nayarit CMRO Entretenimiento AZPAU Mota-Engil Aeropuertos Tultepec – Pirámides Autopista Línea Guadalajara Consorcio Ligero Tren 4 Coatzacoalcos - Villahermosa APP

EARNINGS RELEASE 2023

30

FINAL REMARKS AND OUTLOOK

05

• Solid backlog (€13 bn) that anticipates good visibility on future revenues and profitability
• Activity at a record level, with improved profitability
• Upward revision of 2022-2026 Strategic targets in August 2023 being delivered

Strong commercial and operational performance

• Transaction with Urbaser in Environment completed, allowing strategic plan execution
• Sale agreement of Poland's operations (authorizations expected in 1H24)
• Asset rotation policy in concessions with more visibility in 2024

Financial market

Final Remarks

Focus on balance sheet

• Improvement in FCFO
• Financial ratios with overall improvement:
  • Net debt/EBITDA: 1.4x
  • Gross debt/EBITDA of 3.3x and
  • Financial autonomy of 10%
• Investments geared towards long term and large projects (76% of total capex)

Guidance 2024

• Turnover growth paving the way to reach 2026 target
• EBITDA margin gradually towards the 2026 level
• Focus on order intake with selective criteria towards large projects

• Focus on organic cashflow generation
• Proceeding strengthening the capital structure with controlled debt

• Ratio capex/sales expected to be c.9%

• Towards reaching 2026 targets

• Committed to a sustainable growth
• Board to propose a dividend per share of €0.1277, representing a 50% dividend payout on Net Profit adjusted for nonrecurring transactions

Positioned to a resilient activity Cash flow focus Delivery for

stakeholders

EARNINGS RELEASE 2023

Q&A

33

GLOSSARY

• "Mota-Engil" means Mota-Engil, SGPS, SA, the Holding company with controlling interest in other companies, which are called subsidiaries;
• "Associates" corresponds to the following caption of the consolidated income statement by natures: "Gains / (losses) in associates and jointly controlled companies";
• "Backlog" means the amount of contracts awarded and signed to be executed;
• "CAPEX" means the algebraic sum of the increases and disposals of tangible assets, intangible assets and rights of use assets occurred in the period, except the ones associated with the Mexican concessions;
• "EBIT" corresponds to the algebraic sum of EBITDA with the following captions of the consolidated income statement by natures: "Amortisations and depreciations"; "Impairment losses" and "Provisions";
• "EBIT margin" or "(EBIT Mg)" means the ratio between EBIT and "Sales and services rendered";
• "EBITDA" corresponds to the algebraic sum of the following captions of the consolidated income statement by natures: "Sales and services rendered", "Cost of goods sold, materials consumed and Changes in production", "Third-party supplies and services", "Wages and salaries" and "Other operating income / (expenses)";
• "EBITDA margin" or "(EBITDA Mg)" means the ratio between EBITDA and "Sales and services rendered";
• "EBT" corresponds to the following caption of the consolidated income statement by natures: "Income before taxes";
• "CFFO" corresponds to the algebraic sum of the following captions:

EBITDA, changes in working capital and income tax;

• "Equity" corresponds to the following caption of the consolidated statement of financial position: "Total shareholder's equity";
• "Financial investments" corresponds to the algebraic sum of the following captions of the consolidated statement of financial position: "Financial investments in associates"; "Financial investments in jointly controlled companies"; "Other financial investments recorded at fair value through other comprehensive income" and "Investment properties";
• "Fixed assets" corresponds to the algebraic sum of the following captions of the consolidated statement of financial position: "Goodwill"; "Intangible assets"; "Tangible assets" and "Rights of use assets";
• "Gross debt" corresponds to the algebraic sum of net debt with the balances of the following captions of the consolidated statement of financial position: "Cash and cash equivalents without recourse – Demand deposits", "Cash and cash equivalents with recourse – Demand deposits", "Other financial applications"; "Other financial investments recorded at amortised cost"; "Lease liabilities" and "Other financial liabilities";
• "Leasing, Factoring and Confirming" corresponds to the sum of the following captions of the consolidated statement of financial position: "Other financial liabilities" and "Lease liabilities";

• "Long term receivables / (payables) & others" corresponds to the algebraic sum of the following captions of the consolidated statement of financial position: "Contract assets – non-current"; "Customers and other debtors – non-current"; "Other non-current assets"; "Derivative financial instruments – non-current"; "Lease liabilities – non – current"; "Suppliers and sundry creditors – non – current"; "Contract liabilities – noncurrent"; and "Other non-current liabilities";

• "Net debt" or "ND" corresponds to the algebraic sum of the following captions of the consolidated statement of financial position: "Cash and cash equivalents without recourse – Demand deposits", "Cash and cash equivalents with recourse – Demand deposits", "Other financial applications", "Other financial investments recorded at amortised cost", "Loans without recourse" and "Loans with recourse";

• "Net financial results and others" corresponds to the algebraic sum of the following captions of the consolidated income statement by natures: "Financial income and gains"; "Financial costs and losses"; "Gains / (losses) in the acquisition and disposal of subsidiaries, jointly controlled and associated companies" and "Net monetary position";
• "Net income" or "net profit" corresponds to the caption of the consolidated income statement by natures of "Consolidated net profit of the year - Attributable to the Group";
• "Turnover" or "Revenue(s)" or "Sales" corresponds to the caption of the consolidated income statement by natures of "Sales and services rendered";
• "Working Capital" or "WC" corresponds to the algebraic sum of the following captions of the consolidated statement of financial position: "Deferred tax assets", "Inventories", "Customers and other debtors current", "Contract assets - current", "Other current assets", "Corporate income tax" and "Deferred tax liabilities", "Lease liabilities – current", "Other financial liabilities – current", "Derivative financial instruments – current"; "Suppliers and sundry creditors – current", "Contract liabilities current", "Other current liabilities - current", "Corporate income tax" and Non-current assets held for sale" and "Non-current liabilities held for sale";

DISCLAMER

This document has been prepared by Mota-Engil, SGPS, S.A. ("Mota-Engil" or the "Company") solely for use at the presentation to be made on this date and its purpose is merely of informative nature and, as such, it may be amended and supplemented and it should be read as a summary of the matters addressed or contained herein ("Information").

The Information is disclosed under the applicable rules and regulations for information purposes only and has not been verified by an external auditor or expert and is not guaranteed as to accuracy or completeness.

The Information may contain estimates or expectations of Mota-Engil and thus there can be no assurance that such estimates or expectations are, or will prove to be, accurate or that a third party using different methods to assemble, analyse or compute the relevant information would achieve the same results. Some contents of this document, including those in respect of possible or assumed future performance of Mota-Engil and its subsidiaries ("Group") constitute forward-looking statements that expresses management's best assessments, but might prove inaccurate. Statements that are preceded by, followed by or include words such as "anticipates", "believes", "estimates", "expects", "forecasts", "intends", "is confident", "plans", "predicts", "may", "might", "could", "would", "will" and the negatives of such terms or similar expressions are intended to identify these forward-looking statements and information. These statements are not, and shall not be understood as, statements of historical facts. All forwardlooking statements included herein are based on information available to the Group as of the date hereof. By nature, forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors, seeing as they relate to events and depend upon circumstances that are expected to occur in the future and that may be outside the Group's control. Such factors may mean that actual results, performance or developments may differ materially from those expressed or implied by such forward-looking statements, which the Group does not undertake to update. Accordingly, no representation, warranty or undertaking, express or implied, is made hereto and there can be no assurance that such forward-looking statements will prove to be correct and, as such, no undue reliance shall be placed on forward-looking statements.

All Information must be reported as of the document's date, as it is subject to many factors and uncertainties.

The Information may change without notice and the Group shall not be under any obligation to update said Information, nor shall it be under any obligation to make any prior announcement of any amendment or modification

thereof.

The Information is provided merely for informative purposes only and is not intended to constitute and should not be construed as professional investment advice. Furthermore, the Information does not constitute or form part of, and should not be construed as, an offer (public or private) to sell, issue, advertise or market, an invitation nor a recommendation to subscribe or purchase, a submission to investment gathering procedures, the solicitation of an offer (public or private) to subscribe or purchase securities issued by Mota-Engil. Any decision to subscribe, purchase, exchange or otherwise trade any securities in any offering launched by Mota-Engil should be made in accordance with the applicable rules and regulations.

This Information and any materials distributed in connection with this document are for information purposes only and are not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any place, state, country or jurisdiction where such distribution, publication, availability or use would be contrary to any law or regulation or which would require any registration or licensing. This Information does not constitute an offer to sell, or a solicitation of an offer to subscribe or purchase any securities in the United States or to any other country, including in the European Economic Area and does not constitute a prospectus or an advertisement within the meaning, and for the purposes of, the Portuguese Securities Code (Cόdigo dos Valores Mobiliários) and the Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (Prospectus Regulation).

The financial information presented in this document is non-audited.

Rwanda Guinea Cameroon Ivory Coast Kenya Senegal

Angola Nigeria Mozambique Malawi South Africa Zimbabwe Uganda

Africa

Pedro Arrais Head of Investor Relations pedro.arrais@mota-engil.p t

Maria Anunciação Borrega Investor Relations Officer maria.borrega@mota -engil.pt

investor.relations@mota -engil.pt

Rua de Mário Dionísio , 2 2796 -957 Linda - A -Velha Portugal Tel. +351 -21 -415 -8671

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