Arcadis NV — Earnings Release 2024

Oct 31, 2024

1

Multi -year wins drive significant order intake, margin expansion continues

Arcadis Q3 2024 Trading Update

Q3 2024 Trading update PART 1

Alan Brookes CEO

Significant order intake increasing visibility

1) Underlying YoY growth excl. impact of FX, acquisitions, footprint reductions, winddowns or divestments

2) EBITA excluding restructuring, integration, acquisition & divestment costs

3) Revised to reflect the adjustments to the provisional opening balances of acquired entities recognized 30 June 2023 (in accordance with IFRS 3.49)

Project win spotlight

The Highway 99 Tunnel Program: Fraser River Tunnel

Canada

GBA in

Mobility Intelligence

• Client: Province of British Columbia
• Duration: 2024-2026

1) Source: Fitch Ratings

• Scope: Design and Engineering Consultancy

Lead WHY WE WIN Places Resilience

SIGNIFICANT EXPERIENCE

Waterwolftunnel and Maasdeltatunnel in the Netherlands HS2 in the UK

GLOBAL MODEL

300 Arcadians across GBAs from Canada, Netherlands, Australia, US, UK, Ireland, and Belgium, with significant contribution from our Global Excellence Centers

CLIENT RELATIONSHIP

Long standing relationship of over a decade with Province of British Columbia Project win spotlight

Zuidasdok Program The Netherlands

GBA in
Lead

Places Resilience

• Client: Rijkswaterstaat

Mobility

• Duration: 2024-2036

1) Source: Fitch Ratings

• Scope: re-modeling Amsterdam Zuid station and tunneling of the A10 highway

WHY WE WIN

SIGNIFICANT EXPERIENCE

Melbourne Metro Tunnel London Bridge Station

INTEGRATED SOLUTIONS

Sustainability Advisory Climate Adaptation Smart Sustainable Buildings Intelligence Rail Connected Highways

CLIENT RELATIONSHIP

Long standing relationships with Rijkswaterstaat, ProRail, Gemeente Amsterdam

Project win spotlight

HEINEKEN's Net Zero Production program Global

GBA in Lead

Places Resilience

• Client: HEINEKEN

1) Source: Fitch Ratings

• Duration: 2024-2030
• Scope: approach to decarbonization: roadmapping, design & engineering, implementation and monitoring

SIGNIFICANT EXPERIENCE

End-to-end approach to decarbonization, knowledge of the best available technology solutions

INTEGRATED OFFERING

WHY WE WIN

Energy Transition Advanced Industrial Manufacturing

ONE DELIVERY PARTNER

Honeywell partnership since May 2023

Multi-year project wins provide long term visibility

Multi-year contracts' order intake in Q3'24 and revenue phasing

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Financial Results PART 2

Virginie Duperat-Vergne CFO

Continued operating margin expansion

Third quarter 2024 results

Net Revenue 11.4%

€962M

Q3'23: €932M

Q3'234): 10.7%

Operating EBITA margin2)

€134M

Q3'23: €117M

Free cash flow3)

Organic Net Revenue growth1)

12.7% Q3'234): 12.8%

Net Working Capital %

€886M

FY'23: €873M

Net debt

• Continued margin expansion from improved project portfolio, while invest in strategic initiatives
• Selectivity in our pursuit processes reflected in improved quality of order intake
• Disciplined Net Working Capital management with Days Sales Outstanding reduced to 67 days (Q3'23: 68 days)
• Strong free cash flow generation well above last year

1)This excludes the impact of currency movements, acquisitions, divestments, and footprint reductions (such as the Middle East)

2) Excluding acquisition, restructuring and non-operating integration-related costs

3) Free Cash Flow = Cash flow from operating activities corrected for capex and lease liabilities © Arcadis 2024 | Arcadis Q3 2024 Trading Update 9

4) Revised to reflect the adjustments to the provisional opening balances of acquired entities recognized 30 June 2023 (in accordance with IFRS 3.49)

Good revenue and backlog growth in key markets

Resilience	Places	Mobility	Intelligence
38% of total NR	38% of total NR	22% of total NR	2% of total NR
Organic growth1):	Organic growth:	Organic growth:	Organic growth:
6.9%	2.7%	6.0%	3.5%
5.6%	7.1%	74.7%	0.2%
Net Revenue	Net Revenue	Net Revenue	Net Revenue
Backlog	Backlog	Backlog	Backlog
• Strong growth driven by Climate Adaptation, Energy Transition and Sustainable operations • Pursuit discipline • Strong pipeline with large framework projects	• Sustained revenue growth and strong backlog growth from mobility and industrial manufacturing clients • Accelerating need for industrial decarbonization driving large project wins • Stimulus fund allocations	• Significant order intake: North America, the Netherlands, Australia • Clear differentiators drive wins • Revenue visibility across multiple years	• Solid growth North America from Enterprise Decision Analytics (EDA) • Ample opportunity to leverage Key Clients and enable GBA solutions • Asset focus: EDA for data centers, industrial manufacturing facilities

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Significant order intake in the quarter

Quarterly Order Intake and Book-to-Bill (BtB)

• €1 billion order intake for the fourth consecutive quarter

• Q3'24 driven by large contracts booked, providing excellent longterm visibility
• We differentiate with our integrated solutions, global expertise in comparable projects and long-standing client relationships

Wrap up PART 3

Alan Brookes CEO

Continued strong performance

• Large multi-year project wins, particularly in Mobility

• Continued margin expansion

• Further progress on strategic initiatives

Well-positioned for future

• Clear differentiators drive wins
• Growing pipeline while remaining selective

Q&A PART 4

Arcadis investors presentations, including the thematic ones on Water and PFAS are available at: arcadis.com/en/investors, or accessible via QR-code.

Arcadis Global Water Leader

Arcadis Global PFAS Assessment & Remediation Leader

Disclaimer

Statements included in this presentation that are not historical facts (including any statements concerning investment objectives, other plans and objectives of management for future operations or economic performance, or assumptions or forecasts related there to) are forwardlooking statements. These statements are only predictions and are not guarantees. Actual events or the results of our operations could differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements are typically identified by the use of terms such as "may," "will", "should", "expect", "could", "intend", "plan", "anticipate", "estimate", "believe", "continue", "predict", "potential" or the negative of such terms and other comparable terminology.

The forward-looking statements are based upon our current expectations, plans, estimates, assumptions and beliefs that involve numerous risks and uncertainties. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control. Although we believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, our actual results and performance could differ materially from those set forth in the forward-looking statements. The 2023 results as presented in this presentation are unaudited.