Continued client demand driving strong pipeline while delivering significant margin expansion

Arcadis Q1 Trading Update

Q1 2024 Trading update PART 1

Alan Brookes CEO

Key highlights of the first quarter of 2024

Strong quarter with significant project wins and continued margin improvement
High demand for sustainable and digitally enabled services driving GBA collaboration
Government stimulus programs are increasingly contributing and provide significant pipeline opportunities

1) Underlying YoY growth excl. impact of FX, acquisitions, footprint reductions, winddowns or divestments 2) EBITA excluding restructuring, integration, acquisition & divestment costs © Arcadis 2024 | Arcadis Q1 Trading Update 3

Global Business Areas: Resilience

Continued demand from expanding regulations drives long term revenue visibility

Market developments driving wins

UK water cycle: AMP8 driving significant wins

US Environmental Protection Agency (EPA) Lead & Copper legislation continues to drive pipeline

EPA updates PFAS standards in water

Environmental restoration Water optimization

North Sea hotspot for offshore wind; high need for our smart grid solutions

Energy transition

Enabling UK's water infrastructure business transformation within APM8 through innovative design: ensuring water supplies for millions

Solu
Clie

Climate adaptation Solution Water Optimization Client South West Water | UK

Sustainable operations

Water optimization

Global Business Areas: Places

Well positioned to benefit from government stimulus, technology investments and need for decarbonization

Market developments driving wins

Semiconductor market: \$8.5B in Direct Funding, under CHIPS Act to Intel

World's largest tech companies investing in data centers on back of AI

US government announces investments to make federal facilities net zero

Smart Sustainable Buildings

Public Facilities

EU Directive on Energy for Buildings

US Dept. of Energy first federal blueprint to decarbonize Buildings

Solution Retrofitting & Repurposing Client Government Property Agency | UK

workplaces: driving net zero, effective

Retrofitting UK government's

and cost-efficient design

Global Business Areas: Mobility

Large investment programs: ramp up allocations and spend

Market developments driving wins

Network Rail investment cycle CP7 of £45B puts climate change high on agenda in UK

US Gateway Program to receive \$12B in federal funding, largest investment in mass transit in modern history.

The Province of Ontario committed >\$70B for transport. investments Strong investment

programs UK and Germany

New Mobility &

Leveraging Arcadis' global rail expertise for most urgent infra project in US: The Gateway Hudson Tunnel, serving 800.000 passengers daily

Intellige
Gateway
Commis

Solution Intelligent Highways Client Gateway Development Commission | US

Global Business Areas: Intelligence

Maximizing value for clients via comprehensive digital products and solutions

Market developments driving wins

Need for efficient SUBSCRIPTION WIN opex management of assets accelerates

Digitization of infrastructure marks a transformative shift in client demand

Digital Transportation Technologies

Smart Asset & Building Analytics Intelligent Operations

Curbside management solution to help reduce congestion, inform policy decisions and improve the parking experience

Solution Curb IQ

Client Cities of West Hollywood and Kirkland | US

Optimize Infrastructure Ontario's capital asset management decision making processes through our EDA software

Solution Enterprise Decision Analytics Client Infrastructure Ontario | Canada

Large investment programs drive project wins and improve long term visibility

Total Arcadis Contract Value

Order Intake Q1

© Arcadis 2024 | Arcadis Q1 Trading Update 8 1) Duration of above-mentioned contracts varies between projects: Gateway Program: 10 years, Infrastructure Ontario: 2 years, South West and Thames Water: 8 years

Financial results PART 2

Virginie Duperat-Vergne CFO

Growth in key markets drives improved performance

First quarter results

Net Revenues	Order Intake
+3% YoY to:	+6% YoY to:
€968M	€1,129M
Organic growth1): 4.4%	Organic growth1): +6.0%
Book	Operating EBITA
to Bill:	Margin2):
1.17x	10.7%
(Q1'23: 1.13x)	(Q1'23: 9.8%)
FCF:	Net Debt:
€-97M	€963M
(Q1'23: € -108M)	(Q1'23: € 1,072M)

Good revenue growth in key markets US and Europe offset by 1.2 fewer working days and selective project approach Arcadis DPS and China
Sustained momentum in margin improvement: operational leverage, cost synergies and Middle East winddown
Free Cash Flow: in line with seasonal pattern. Improved DSO from disciplined NWC management drives YoY improvement

1) Underlying YoY growth excl. impact of FX, acquisitions, footprint reductions, winddowns or divestments 2) EBITA excluding restructuring, integration, acquisition & divestment costs

Solid growth in key areas

Resilience | 37% of total NR

8.2% Net Revenue 10.8% Backlog Organic growth1):

Strong growth driven by North America and UK
Environmental Restoration and Energy Transition drive order intake and revenue visibility for remainder of the year

Places | 39% of total NR

-1.1% Net Revenue -4% Backlog Organic growth:

Strategic refocus DPS and China offsets good growth North America and Europe
Backlog stable over quarter, good order intake in Cont. Europe, offset by DPS
Solid pipeline on the back of regulation and government investments

Strong revenue growth, outstanding results for the US
Very strong backlog growth from large wins in all key markets on the back of large government investment programs

Mobility | 22% of total NR Intelligence | 2% of total NR

7.2% Net Revenue Organic growth:

9.4% Backlog

Good growth, especially in North America
Backlog growth from large Key Clients
Investments made in cross GBA collaboration

Strong organic order intake growth in the quarter

Net revenues, order intake and organic backlog growth1) QtD € millions

Strong order intake results in an organic backlog growth1) of 4.8% QtD
Book-to-Bill in the quarter of 1.17x (LY: 1.13x)
Ample opportunities in pipeline, driven by investments programs across key markets

Wrap up PART 3

Alan Brookes CEO

Concluding remarks

Strong start to the year

Significant multi-year project wins
Investment programs ramping up
Continued margin expansion
Increased performance visibility

Leading market positions

Balanced and well diversified portfolio
Strong long-standing client relationships
Key industry talent
Complementary set of services enhanced by recent M&A
Confident in project selection choices

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.

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Arcadis NV Investor Presentation 2024

3811_iss_2024-04-30_58656d44-c69b-4dab-9a85-79663ac218aa.pdf

Q1 2024 Trading update PART 1