2019 Investor Presentation May 2020 Table 01 04 Snapshot - - PowerPoint PPT Presentation

2019

Investor Presentation

May 2020

Table

• f Contents

01

Snapshot

Page 03

03

Regional Segments

Page 17

3.1 Europe 3.2 Africa 3.3 Latin America

04

Final Remarks and Outlook

Page 27

02

Results Overview

Page 07

05

Appendix

Page 30

2

Snapshot

1

Earnings Release

• Mota & Cia was founded in 1946 by Mr. Manuel António da Mota

Incorporated in Portugal but with operations only in Angola

• The company won its first contract in Portugal in 1975
• In 1987 Mota & Cia become listed in the Portuguese stock exchange
• In 2000, the Mota Family acquired Engil, merged Mota & Cia and Engil and became leader in Portugal not only in

construction but also in waste management

• In the last 15 years Mota-Engil has grown more than nine times outside Portugal with Africa and Latam being the main

focus on the internationalisation strategy

• Leader in Portugal | European Top 25 | World Top 100
• Market Cap: €309 mn (08 April 2020)
• Main Shareholders: Mota Family (65%) / Mutima Capital (3.15%) / Norges Bank (2.31%) / Cobas (1.99%)/ Az Valor (1.97%)

Snapshot

4

5

5 5

300 600 900 1200 1500 1800 2100 2400 2700 3000 50 100 150 200 250 300 350 400 450

Africa

Angola Mozambique Malawi South Africa Zimbabwe Uganda Rwanda Guinea Conakry Cameroon Ivory Coast Kenya La Latin America

2019

2017

417

405 407

35%

1,007

34%

949

31%

885

TOTAL:

2,827 M€

EBITDA

(million euros) 51%

2,711

27%

1,448

22%

1,206

TOTAL:

5,365 M€

Europe

Portugal Spain United Kingdom Poland Ireland

TURNOVER 2019

(million euros)

2019

2018

2,827

2,597 2,802

2019 ORDER BOOK

(million euros)

Main Indicators

TURNOVER

(million euros)

The Mota-Engil World

Latin America

Mexico Peru Brazil Colombia Dominican Republic Aruba Panama

3 Continents 22 Countries

2018 2018

Africa Europe

6

Results Overview

2

€ 5.4 bn

BACKLOG

€ 2,827 mn (+1% YoY)

RECORD TURNOVER

€ 417 mn (margin 15%)

EBITDA

Europe Africa Latin America € 27mn (+15% YoY)

NET INCOME

€ 1,213 mn

(Net debt / EBITDA 2.9x)

NET DEBT

€ 262 mn

CAPEX

Key Highlights

5,5 5,4 Dec.18 Dec.19 2 802 2 848 2018 2019 407 420 2018 2019 8

Net income up 15% YoY to €27 mn

• Resilient EBITDA margin

at 15% with profitability increasing in all the regions and with the Non-E&C businesses accounting for 26% of the total

• Net financial results

positively impacted by forex gains, whereas interest costs remained broadly stable

• IFRS 16 impact in

EBITDA was c.€18 mn

• Effective tax rate of

37%

(IAS 29), of Angola and Zimbabwe in 2018 and 2019, respectively.

• Turnover of €2,827 mn,

balanced between the regions and with the Non E&C businesses accounting for 21% of the total

• Decrease of non-

controlling interests YoY

P&L (€ mn) Turnover EBITDA 417 407 2% 223 (3%) Margin 15% 15% 0 p.p. 15% 0 p.p. EBIT 188 200 (6%) 97 (12%) Margin 7% 7% (1 p.p.) 7% (1 p.p.) Net financial results (72) (56) (29%) (21) 55% Associates (5) 3 n.m. (7) n.m. Net monetary position1 2 (12) n.m. 2 n.m. EBT 112 135 (17%) 71 14% Net income 70 93 (25%) 45 (15%) Attributable to: Non-controlling interests 43 70 (38%) 26 (24%) Group 27 23 15% 19 4% (4%) 2,827 2,802 1% 1,482

2019 YoY YoY 2H19 2018

9

EBITDA margin of 15%

• EBITDA increased 32%

YoY in Europe benefiting from improved profitability in the E&C

• EBITDA margin in Africa

reached 21% with resilient contributions from the main markets

• Africa’s turnover was

up 11% YoY to €1 bn

• EBITDA margin in Latin

America was stable at 12%

• In Latin America, Brazil

and Peru project execution showed a double digit growth

• Turnover evolution in

Europe reflected: (i) a stronger activity in the E&C business in Portugal in the 2H19 and (ii) a stable E&S activity

P&L breakdown (€ mn) Turnover Europe 885 859 3% 479 6% Africa 1,007 905 11% 554 2% Latin America 949 1,069 (11%) 491 (16%) Other and intercompany (14) (30) 54% (41) 51% EBITDA 417 407 2% 223 (3%) Margin 15% 15% 0 p.p. 15% 0 p.p. Europe 93 71 32% 52 121% Margin 11% 8% 2 p.p. 11% 6 p.p. Africa 214 192 11% 122 12% Margin 21% 21% 1 p.p. 22% 2 p.p. Latin America 118 140 (16%) 59 (40%) Margin 12% 13% (1 p.p.) 12% (5 p.p.) Other and intercompany (8) 4 n.m. (10) n.m. 2,827 2,802 1% 1,482 (4%)

2019 YoY YoY 2H19 2018

10

49% 16% 16% 19%

51% 22% 27%

Significant growth in Mining, Oil & Gas and Power

TOTAL BACKLOG EVOLUTION (€ mn)

Africa Mining Latin America Europe Roads, Infrastructures and Others Civil Construction Oil & Gas and Power

BACKLOG BY REGION (2019) E&C BACKLOG BY SEGMENT (2019)

€5.4 bn €4.6 bn

• E&C represents 86% of the total backlog with a backlog to sales ratio of 2.3x
• Significant growth in segments with Long-Term Contracts: Mining, Oil&Gas and Energy (35% of the total vs. 21% in FY2018)
• Important project awards YTD:
• Mexico: First stretch of Tren Maya worth €636 mn (58% stake through Mota-Engil Mexico);
• Mozambique: Construction of a pier bridge and an offloading facility (US$365 mn in a 50/50 JV with Besix for the LNG project);
• Colombia: Construction of a Dam (Talasa) in a €270 mn contract.

4,422 5,138 5,465 5,365 3,779 4,305 4,777 4,598

2016 2017 2018 2019

Total Backlog E&C Backlog

11

Project Vale Mining Moatize > 250 Mozambique Mining 2022 Gran Canal highway > 250 Mexico Roads 2020 Requalification of the Soyo Naval Base > 250 Angola Ports 2021 BR-381 highway dualisation (section 3.1 and section 7) > 250 Brazil Roads 2020 Las Bambas dam (phase 4 under execution) > 250 Peru Power 2020 Cardel-Poza Rica highway [200;250] Mexico Roads 2020 Tuxpan-Tampico highway [200;250] Mexico Roads 2020 Mandiana gold mine [150;200[ Guinea Conakry Mining 2027 Siguiri gold mine [150;200[ Guinea Conakry Mining 2022 El Tornillito hydroelectric facility [150;200[ Honduras Power 2023 Cuapiaxtla-Cuacnopalan road [100;150[ Mexico Roads 2022 Calueque Dam - lifting system, irrigated perimeter and hybrid generation plant [100;150[ Angola Power 2023 General Hospital of Cabinda [100;150[ Angola Civil Construction 2020 Capacity Improvement Kampala Northern Bypass [100;150[ Uganda Roads 2021 Offshore platform - operational unit Rio Section B [100;150[ Brazil Oil&Gas 2022 Bordo Poniente landfill [100;150[ Mexico Urban infrastruct. 2022 Fairmont Hotel [100;150[ Mexico Civil Construction 2022

Range (€ mn) Country Segment

• Exp. Year
• f

Completion

Major construction projects in backlog at December 311

1Selection of E&C projects above €100 mn.

12

71 33 17 49 16 10 22 43

120 71 69 2 Europe Africa Latin America Others

• Capex of €262 mn
• E&S capex of €129 mn was mainly channelled to EGF (€89

mn) in order to comply with the regulators’ approved investment for the current regulatory period

• E&C CAPEX (€68mn) < 3% E&C Turnover
• Maintenance

capex c.4%

• f

turnover due to the

• ptimization of planning, procurement and logistics

NET CAPEX (€ mn) CAPEX BY REGION (2019) (€ mn)

Growth and long-term capex accounted for 54%

E&C Capex Capex – long term contracts1 E&S Capex Maintenance Growth Capex – Long term contracts1

68 82 65 101 129 104

262 287 2019 2018 13

475 367 177 199 115 20% 17% 7% 7% 4%

0% 5% 10% 15% 20% 25% Dec.15 Dec.16 Dec.17 Dec.18 Dec.19 50 100 150 200 250 300 350 400 450 500

Working capital (€ mn) Working capital/Turnover

Working capital to Turnover ratio of 4%

Working capital evolution

• Working capital/Turnover

ratio decreased to 4%

• For 2020, focus on

structuring the contracts with the aim of minimizing the receivables payment period and credit risk exposure

• Downward trend follows

(i) reinforcement of cooperation with multilaterals, ECA´s, (ii) higher exposure to private clients, namely in mining and

• il&gas sectors and to projects

financed by the client and (iii) settlement of receivables mainly from Angola’s Government

1Turnover of the last twelve months.

14

955 1,213 417 84 41 72 262 30 35 118 200

Net debt Dec.18 EBITDA Changes in working capital Corporate tax Net financials Capex Dividends paid Financial Capex Changes in perimeter Others Net debt Dec.19

1Net debt considers Angola’s sovereign bonds denominated in US$, US$ linked and kwanzas as “cash and cash equivalents” which amounted to €210 mn (€224 mn nominal value) in December 2019

(€152 mn in December 2018) and Ivory Coast’s sovereign bonds that amounted to €13 mn in December 2019.

CFFO €459 mn

Solid CFFO of €459 mn

(+33% YoY: FY18 was €346 mn)

FREE CASH-FLOW (€ mn)

Of which: €117 mn forex €37 mn revaluation of investment properties €14 mn impairments 15

Net debt1 of €1,185 mn with a Net debt / Ebitda at 2.8x

• Leasing operations (IFRS 16 impact of €31 mn), amounted to

€274 mn

• Average debt maturity of 2.5 years up from from 2.3 a year

ago, helped by the successful bond issue in October (€140 mn)

• Average cost of debt of 5.2%
• Liquidity position corresponds to 1.2x of non-revolving

financing needs with maturity less than one year

• Cash-in of c.€20 mn from the monetization of Africa’s

sovereign bonds

Non-revolving Revolving Undrawn credit lines Cash & Cash equiv.

1Excluding leasing and factoring and including €210 mn (€224 mn nominal value) of

Angolan sovereign bonds and €13 mn of Ivory Coast sovereign bonds;

2Excluding leasing and factoring;

Already refinanced in 2020

GROSS DEBT MATURITY2, DECEMBER 2019 (€ mn) COST OF DEBT AND NET DEBT / EBITDA

655 145 448 239 254 231 227 27 234 299

Liquidity position 1 year 2 years 3 years 4 years 5 years > 5 years

655 145 448 239 254 231 227 27 234 299

Liquidity position 1 year 2 years 3 years 4 years 5 years > 5 years

16

Regional Segments ts

3

Europe

Highlights 2019

Portugal Spain Poland Ireland United Kingdom

05 €885mn €1,206mn

Countries Turnover Backlog

Turnover (€ mn) Backlog1 (€ mn) EBITDA (€ mn) and margin (%)

Positive Outlook for the upcoming years in Portugal

Key figures and Outlook

• Leadership in Portugal in Construction and Waste Management (Collection and Treatment)
• Top 25 in the European Construction Ranking2 (24th)
• Europe as a Engineering, Innovation and Development Center
• Presence in Central Europe since 1996 (Top 15 in Poland)
• Presence in Ireland since 2007 with recent expansion to UK

FROM PERSPECTIVES TO REALITY

• Public Tenders (2019): 3,992 mn (+50% YoY) and €2,442 mn awarded (+17% YoY)
• New Public and Private Projects with larger dimension (fit with ME competences)

PIPELINE (2020/2023)

• New Lisbon International Airport: €1,15 Bn (Investment by the concessionaire ANA/Vinci)
• Railway Plan 2020: up to €1.5 to be executed until 2023 (European Funds Committed)
• Lisbon (c.€310 mn) and Oporto (c.€365 mn) metro expansion: Tenders on going
• Total planned investments of €1bn in new hospitals: Projects to be completed in 2023

(Lisbon: 335 mn and Madeira: €205 mn in a more advanced position to be awarded)

802 1,068 1,226 1,206 2016 2017 2018 2019

13% 8% 11% 17%

841 828 859 885 2016 2017 2018 2019

19

New Lisbon International Airport: a €1,15Bn new Project (2020-2024)

From 29 million (2018) to 50 million passengers capacity in the future

(expansion of the existing airport + new airport in the south margin)

• Final Environmental Impact Study approved
• Private Investment (ANA Aeroportos/Vinci - concessionaire)
• CAPEX: €1.15 bn (excluding access roads)

Positive Outlook for the upcoming years in Portugal

20

Metro Expansion in Lisbon and Oporto:

Lisbon (c.€310 mn) and Oporto (c.€365 mn) metro expansion

National Railway Plan (PNI 2030)1

Total Investment to be executed: €3.5 Bn

National Railway Plan: 2 Bn (4 different corridors with > 1.000 km)

1) PNI: National Plan of Public Investment (2020/2030) of which €2Bn to be executed until 2023 with European funds already committed to Railway projects and Metro expansion .

Public Investment in 5 New Hospitals:

Total Investment: €1Bn (until 2023 / European Funds committed)

Lisbon and Madeira in a more advanced stage

• Lisbon Hospital: c.€335 mn (PPP / 30 years) – 825 beds

Mota-Engil in the short-list (decision expected in 2020)

• Madeira Hospital (€205 mn)

Mota-Engil Qualified (decision expected in 2020)

Positive Outlook for the upcoming years in Portugal

21

Africa

Highlights 2019

11 €1,007mn €2,711mn

Countries Turnover Backlog

Angola Mozambique Malawi South Africa Zimbabwe Uganda Rwanda Guinea Conakry Cameroon Ivory Coast Kenya

Turnover (€ mn)

26% 21%

EBITDA (€ mn) and margin (%) Backlog1 (€ mn)

Attractive outlook supported by an all time high backlog value

• Level of backlog: €2.7 bn (2019) and resilient EBITDA margins (22%)
• Long-Term Contracts: Mozambique (LNG Project and Mining for Vale), Guinea (Ashanti Gold) and

in Waste Management (Ivory Coast: 7 years Contract since Nov. 2018) with recurring cash flow

• Long presence in Africa (since 1946) with a fully vertically integrated business, supported by a

strong installed asset base

• Leadership in markets such as Angola, Mozambique2 and Malawi
• Focus on large infrastructure projects and expansion to Environment (Waste Management)
• Opportunities for Public Clients (Government / Programmes financed by multilaterals or ECA Lines)
• Private investments opportunities in Oil & Gas (LNG Project in Mozambique) and Mining:

Awarded in 1H20 a MOF and LNG Jetty worth US$365 mn in a 50/50 partnership with Besix

Key figures and Outlook

21% 19%

1,706 2,604 2,758 2,711 2016 2017 2018 2019

708 860 905 1,007 2016 2017 2018 2019 Project Coral South FLNG Mozambique LNG Rovuma LNG Main consortium partners Exxon, Eni, CNPC, Galp, ENH, Kogas Total, ENH, Mitsui E&P Exxon, Eni, CNPC, Galp, ENH, Kogas

• Est. Capex (US$ bn)

7 23 23,6 Capacity (Mtpa) 3,4 12,9 15,2 EPC TechnipFMC, JGC, Samsung Saipem, McDermott International, Chiyoda JGC, Fluor, TechnipFMC Status Under development Under development (FID June 2019) FID in 2021 First gas 2022 2024 2025

23

Lati tin America

Mexico Peru Brazil Colombia Dominican Republic Aruba

Highlights 2019

06 €949mn €1,448mn

Countries Turnover Backlog

• Mexico activity to be driven by the E&C works related to the Tourism project Costa Canuva,

Energy with Fenix (Generation and Trading) and by the New Infrastructure Plan (2020-2024)

• Commercial Relations with Petrobras and Vale open new opportunities in Brazil
• Mota-Engil know-how is a competitive advantage to leverage on PPP and APP opportunities
• Concession investment as a promoter of construction, with an asset rotation policy focus

Turnover (€ mn) Backlog1 (€ mn) EBITDA (€ mn) and margin (%)

13% 6%

A Regional Player and a Recognized Brand in Latam

• Regional Player (5th position in the Ranking: ENR 2019)
• Record level of EBITDA margin (13%)

Key figures and Outlook

11% 12%

• Tren Maya (Railway): The Flagship Project of the six-year mandate (President Obrador):

Awarded to Mota-Engil the first stretch of Tren Maya worth €636 mn (58% stake through Mota-Engil Mexico in a JV with CCCC)

• Total amount: 150MMx (c. $7.4 bn)
• Public Funding up to 70%
• Extension: 1.500 km crossing 5 states
• Construction Period: 4 Years

727 960 1.069 949 2016 2017 2018 2019

1,914 1,465 1,481 1,448 2016 2017 2018 2019

25

Mexico: New Infrastructure Plan (2020-2024)

26

4

Final Remarks and Outlook

28 Earnings Release

• Healthy turnover in 2019 with focus on profitability (EBITDA margin of 15%)
• Backlog’s attractive projects in several markets with positive commercial perspectives for 2020
• Significant capex will contribute to stable cash-flow generation from long-term projects and with higher profitability

(Mining, Environment, Energy and Concessions)

• Comfortable liquid position and debt with longer maturities (average 2.5 years)

Final Final Remar Remarks

28

29 Earnings Release

• Turnover expected to grow with the E&C in Europe, Africa and Latin America accelerating its pace
• EBITDA margin to remain in line with historical levels
• Backlog to stand above €5 bn
• Capex: €200 mn-€250 mn (partially financed by pre-payments) focused in low cyclical businesses with resilient cash-flow

generation (non-E&C)

• Focus on organic cash-flow generation

Outlo Outlook

• k

29

Appendix

5

2019

73 YEARS

MARKET CAP

€309M

Listed since 1987

SHARE CAPITAL €238M

1) Source: Bloomberg (08/04/2020)

• Mota Family (FM - Sociedade de Controlo) has an equity stake of 65% and a

long term commitment and fully supports strategy

• Treasury shares of 2.5% of share capital
• Payout policy: 50%-75%

Snapshot

Share price performance1 (€)

FM-Soc.Controlo; 65.02% Mutima Capital; 3.15% Norges Bank; 2.31% Cobas; 1.99% AZ Valor; 1.97% Treasury Stocks; 2.49% Free Float; 23.07%

MOTA-ENGIL SHAREHOLDERS

1 2 3 4 5 6 7 8 9 15/03/2006 15/03/2007 15/03/2008 15/03/2009 15/03/2010 15/03/2011 15/03/2012 15/03/2013 15/03/2014 15/03/2015 15/03/2016 15/03/2017 15/03/2018 15/03/2019 15/03/2020

31

Gonçalo Moura Martins CEO

• Degree in Law
• With Mota-Engil since

1990, holding several management positions José Pedro Freitas CFO

• Degree in Economics
• Since 2009 in senior

positions in the Group Carlos Mota Santos Deputy CEO

• Degree in Civil

Engineering

• With the Group since

2006 in senior positions Manuel Mota CEO Europe & Africa

• Degree in Civil

Engineering

• More than 10 years of

experience in the Group, namely in Central Europe and in Africa’s division Ismael Gaspar CEO ME Capital

• Degree in Civil

Engineering

• With the Group for 30

years João Parreira CEO Latin America

• Degree in Law
• Working for Mota-Engil

since 2008, being the CEO of LatAm region since 2012 Eduardo Pimentel HR / IT and Resources

• Degree in Civil

Engineering

• Working in the Group for

25 years Luís Silva Strategic Planning and Control

• Degree in Economics
• With the Group for 27

years

Executive Committee

32

1946 Incorporation

• f Mota &

Companhia in Angola 1952 Completion

• f the first

major project: Luanda International Airport in Angola 1974 Expansion into Sub- Saharan countries

• ther than

Angola 1987 IPO of Mota & Companhia on the Lisbon Stock Exchange 2000 Merger of Mota & Companhia and Engil 2006 Enters the logistics sector through the acquisition

• f the Tertir

Group in Portugal 2012 Awarded two sections of the Nacala Corridor railway project in Malawi 2013 Announced intention to spin-off and list its African business 1952 Incorporation of Engil in Portugal 1976 Mota & Companhia begins

• perations in

Portugal 1994 Mota & Companhia diversifies its service

• ffering

2005 Lists on Euronext Lisbon’s main share index Mota-Engil SGPS completes €110 Mn ABB 2012 Restructures

• rganisational

model to geographic business segments 2013 €175 Mn listed medium-term bonds issued 2014 Acquisition of EGF Mota-Engil SGPS completes €160 Mn ABB 2016 Ports & Logistics businesses sale Indaqua sale Agreement to sell Ascendi’s assets 2015 De-listing of MEAFR and ME SGPS share capital increase €95 Mn listed medium-term bonds issued Enters the energy production sector through Fenix (Mexico) 2017 First closing

• f Ascendi’s

assets sale to Ardian 2018 Start of Operations in Waste Management in Ivory Coast Enter in Oil&Gas Maintenance in Brazil €110 Mn listed medium-term bonds issued (2018/2022)

Mota-Engil past main milestones

2019 €140 Mn listed medium-term bonds issued (2019/2024) 2020 Award of the biggest Contract in Latam: Tren Maya €636 Mn Mozambique: 1st Contract of the LNG Project from CCS JV (Area 1)

33

Balance sheet

Balance sheet (€ mn) Fixed assets 1,358 1,300 1,296 63 Financial investments 340 300 290 50 Long term receivables 190 122 117 72 Non-current Assets held for sale (net) 145 85 90 55 Working capital 115 251 199 (84) 2,148 2,057 1,992 156 Equity 328 418 447

• 119

Provisions 107 98 104 3 Long term payables 500 474 486 14 Net debt 1,213 1,067 955 258 2,148 2,057 1,992 156

Dec. 19 Dec. 18 YoY Jun. 19

34

Europe performance breakdown

P&L breakdown (€ mn) Turnover 885 859 3% 479 6% E&C 628 572 10% 345 12% E&S 265 300 (12%) 138 (11%) Other, elim. and interc. (7) (13) 41% (4) 51% EBITDA 93 71 32% 52 121% Margin 11% 8% 2 p.p. 11% 6 p.p. E&C 31 (12) n.m. 21 n.m. Margin 5% (2%) 6 p.p. 6% 10 p.p. E&S 62 84 (26%) 33 (12%) Margin 23% 28% (4 p.p.) 24% (0 p.p.) Other, elim. and interc.

• (2)

n.m. (1) n.m.

2019 YoY 2018 YoY 2H19

35

Waste Business:

Strategic with a growing contribution from all regions

Key Figures 20191

Turnover: €404 mn EBITDA: €83 mn Backlog: c.€4 bn (Dez. 19)

(c.€800 mn Collection+€3.1 bn EGF)

21 million

citizens served

8 Countries

Angola Brazil Cape Verde Ivory Coast Mexico Mozambique Oman Portugal

Milestones

1995

Start of operation (SUMA) [waste collection]

2008

Beginning of internationalization [to Angola]

2014

Acquisition of EGF [Waste Treatment in Portugal]

2018

Start of operations in Ivory Coast (Eco Eburnie and Clean Eburnie)

2019

2 New Contracts in Brazil (Consita) São Paulo (€144mn – 34% / 5 years) Brasilia (€122mn / 5 years) Turnover (€ M) (Concession up to 2034)

Latin America Africa Europe

PORTUGAL ANGOLA OMAN MOZAMBIQUE CAPE VERDE IVORYCOAST BRAZIL MEXICO

Services:  Collection  Treatment  Waste-to-Energy

1) Contribution for Turnover and EBITDA from all regions. 2) Revenues expected up to 2034 (not included in the Backlog).

38

37

2018 2019

EBITDA

2018 2019

TURNOVER

44 23

· Power Generation · Management · Trading

Energy

Technology Installed Capacity 5 hydro plants Jorge Luque power plant (Gas) 10 mini-hydro plants 277 MW +100 MW in 2020

Long-term target: 1700 MW

Sales to spot Market and to The Fenix Supply business

(Suministradora)

102 197

91% 91% 9% 9% 10 100%

• 1. MANUTENÇÃO DEPLATAFORMAS

• 2. GENERADORA FÉNIX - MÉXICO
• 3. FÉNIX - MÉXICO

Power Generation

1st private

• perator in

Mexico

Trading

Started in March 2018

Key Figures 2019

Currently 3 PPA’s in operation for 148 MW (658 GWg/year), being the most relevant the 20 year PPA established with Mexico City (supply c.a. 550 GWh/year)

Turnover €197 MN EBITDA: €23 MN

39

Country Km Mota-Engil Expiration date

Lusponte* Portugal 19,5 41,80% 2030 Douro Interior* Portugal 242,3 80,75% 2038 Perote - Xalapa* Mexico 60 50,00% 2053 APP Coatzacoalcos - Villahermosa Mexico 105 74,00% 2026 APP Tamaulipas Mexico 279 47,00% 2028 Cardel - Poza Rica Mexico 128 40,00% 2045 Tuxpan - Tampico Mexico 105 33,40% 2045 Cuapiaxtla-Cuacnopalan Mexico 63 100,00% 2048 Perote – Xalapa Mexico 60 50,00% 2053 Autopista Urbana Siervo de la Nación Mexico 14 33,30% 2059 Watty Vos Boulevard Aruba 24 15,00% 2038 Rodovias do Tiete Brazil 415 50,00% 2039 Cambao - Manizales Colombia 279 45,60% 2049 Mozambique – Zambeze Roads Mozambique 701 40,00% 2039

Total Km:

2495

%

Mota-Engil operates, throughLineas or its subsidiaries, a network of 2,500 km of roads and high-ways, namely the two bridges in Lisbon

Concessions

• 1. LUSOPONTE – PORTUGAL
• 2. PEROTE-XALAPA - MEXICO
• 3. TUXPAN TAMPICO – MEXICO

40

39

Sustainability as a top priority

Investment in the Community Safety Environment Ethics and Complance Diversity and Inclusion Path to sustainability

• Five operational Goals: in line with the Sustainable Development Goals

(SDG) – the pillars of a balanced society, capable of generating employment and wealth while respecting nature and Human Rights – and reinforcing the commitment to sustainability of its clients, communities and employees

António Mota, Mota-Engil’s Chairman

• Mota-Engil begun implementing a sustainability and

social responsibility strategy in 2006, with the first Sustainability Report in 2007

• CEO Guide to Human Rights of BCSD Portugal: Commitment to innovate

in practices aimed at improving the living conditions not only of its employees, but also of the communities impacted by the Group’s activity

36

40

Sustainability as a top priority

• Portugal’s Charters of Principles: sharing

sustainability information with stakeholders;

• rientation of the entire value chain according

to the principles; alignment and commitment to the Sustainable Development Goals

• Employees

internal training and awareness: sustainability as a competitiveness factor

• Ethics and business conduct: Equality and

Non-Discrimination Plan, Whistleblowing and Compliance Procedure, Code of Ethics and Business Conduct

• Manuel António da Mota Foundation:

founded in 2009 it has the mission to contribute to the integrated development of the communities where Mota-Engil

• perates in the social, educational, cultural

and environmental fields

• Strategy aligned with the United Nations 2030

Agenda for Sustainable Development with 17 SDGs

• Mota-Engil México: Empresa Socialmente

Responsable

• Mota-Engil Peru: ISO certification for anti-

bribery and corruption

37

TURNOVER: corresponds to the caption “Sales and services rendered”. EBITDA MARGIN: corresponds to the division between the algebraic sum of the following captions of the consolidated income statement “Sales and services rendered“; “Cost of goods sold, mat. cons., Changes in production and Subcontractors”; “Third-party supplies and services”; “Wages and salaries”; “Other

• perating income / (expenses)” and the TURNOVER.

CAPEX: acquisitions less disposals of tangible and intangible assets. NET DEBT: 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”; “Cash and cash equivalents with recourse - term deposits” “Loans without recourse”; “Loans with recourse” and “Other financial investments recorded at amortised cost”. Leasing and factoring operations established by the Group are not recorded in the captions aforementioned. BACKLOG: turnover to be recognised in the future related to projects for which contracts have been signed or awarded.

This presentation used sources deemed credible and reliable but is not guaranteed as to accuracy or completeness. It also contains forward looking information that expresses management’s best assessments but might prove inaccurate. The information contained in this presentation is subject to many factors and uncertainties and therefore subject to change without notice. The company declines any responsibility to update, revise or correct any of the information hereby contained. This presentation does not constitute an offer or invitation to purchase securities of Mota-Engil nor any of its subsidiaries.

Disclaimer

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PEDRO ARRAIS Head of Investor Relations pedro.arrais@mota-engil.pt 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

www.mota-engil.com

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