Investor

Presentation

July, 2021 1
01 Snapshot Page 3

02 Results Overview Page 9

03 Regional Segments Page 19

1. Europe
2. Africa
3. Latin america

04 Outlook and Final Remarks Page 27

05 Appendix Page 30

2
01
Snapshot

3
 Past Main Milestones
• Mota & Cia was founded in 1946 by Manuel António da Mota in Portugal but with operations only in Angola

• The first 30 years, the Company worked only in Africa (First Contract in Portugal in 1975)

• In 1987, The Company become listed in the Lisbon Stock Exchange Market

• At the end of 90´s, Mota-Engil expand its footprint in Central Europe (based in Poland) and Latam (Peru)

• In 2000, the Mota Family acquired Engil (a portuguese construction company), merged with Mota & Cia and becomes leader in Portugal

• In the last 10 years Mota-Engil has grown more than 8x outside Portugal (Africa and Latam as the main focus on the internationalization strategy)

• Diversification Strategy: Reinforcement in Waste Management (presence since 1995) with the acquisition in Portugal of EGF, the leader in Waste
Treatment (2014) and the entrance in the Power Generation in Mexico with FÉNIX (2015) and Oil&Gas Maintenance Services in Brazil (2018)

• Relevant position in Africa (Top 3 European contractor and leader in the sub-Saharan region) and with relevant position in Latam (#7 in the region
with Top 4 position in Mexico and Peru and #6 in Brazil with ECB)

• In this decade, Mota-Engil reached Top 30 in Europe, increasing its position since 2017 to the Top 25

• In December 2020, Mota-Engil reached for the first time in its history more than €6 bn of Backlog

• In May 2021 CCCC became a reference shareholder of the Company with a 32.4% stake
4
 Investment and Partnership Agreement with CCCC, a bright new cycle

▪ China Communications Construction Company (CCCC) is one of the largest infrastructures groups in the world (top five) with significant activity worldwide

▪ The Agreement envisages a strategic cooperation to enhance Mota-Engil’s activities and businesses by combining resources and efforts in projects to be
carried out through Mota-Engil or joint-venture agreements

Higher average contract Diversified and cheaper Procurement

size financing sources efficiencies

Potential value creation

5
 Waste
Management

Activities · Collection
· Processing
· Recovery
· Waste-to-Energy Multiservices
· Maintenance
Mota-Engil is engaged · Landscaping
in a wide range of activities Engineering and
associated with the design, Construction
construction, management · Infrastructures
and operation of · Civil construction
Energy
· Real estate
infrastructures, and boasts a · Production
· Other business
long and recognized areas · Management
experience, accompanied Transport
· Trading
by a high level of technical Concessions
know-how in the development
· Highways
of various areas such as: · Motorways
· Bridges
· Railways
· Underground
Mining Logistics
· Prospecting · Rail freight
· Extracting

6
The Mota-Engil Europe Main Indicators
Portugal
World Spain
United Kingdom
TURNOVER
(million euros)
EBITDA
(million euros)
Poland
Ireland
2,912
417
3 Continents 3000 2,802
2,429 450
407
380
2700 400
2400
25 Countries 2100
350
300
1800 250
1500 200
1200 150
900 100
600 50
300 0
Latin America Africa 2018 2019 2020 2018 2019 2020

Angola Guinea Conakry

Mozambique
Malawi
Cameroon 2020 ORDER BOOK TURNOVER 2020
Mexico Ivory Coast
South Africa
Peru Kenya
Zimbabwe 30% 25%
Brazil Uganda Ghana 595
Colombia Nigeria 19% 1,837
Rwanda 1,144
Dominican Republic Mali
Panama
€6.1 bn €2.4 bn
44%
1,046
51% 31%
3,071 761

Europe Africa Latin America

7
 Major construction projects
in backlog at December 311 Exp. Year
Range of
Country Segment
(€ mn) Completion

Project
Railway
Tren Maya > 250 Mexico 2022
infrastructures
Accra-Tema Motorway > 250 Ghana Roads 2025

Vale Mining Moatize > 250 Mozambique Mining 2022

New Bugesera International Airport > 250 Rwanda Airports 2023

Requalification of the Soyo Naval Base > 250 Angola Ports 2024

Gamsberg mine [200;250[ South Africa Mining 2029

Tultepec - Pirámides highway [200;250[ Mexico Roads 2023

Talasa hydroelectric facility [200;250[ Colombia Power 2024

Siguiri gold mine [200;250[ Guinea Conakry Mining 2022

Mandiana gold mine [150;200[ Guinea Conakry Mining 2025

EN230 road rehabilitation, section 6-10, Muamussanda-Saurimo [100;150[ Angola Roads 2022

General Hospital of Cabinda [100;150[ Angola Civil Construction 2022

Urban
Bordo Poniente landfill [100;150[ Mexico 2022 8
infrastructures

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

02
Results
Overview

9
Key BACKLOG TURNOVER EBITDA

Highlights € 6.1 bn € 2,429 mn € 380 mn

(record high) (-17% YoY) (Margin: 16%)

5.4 6.1 2,912 2,429 417 380

Europe

Africa

Latin America

Dec. 2019 Dec. 2020 Dec. 2019 Dec. 2020 Dec. 2019 Dec. 2020

NET LOSS NET DEBT CAPEX

€ 20 mn € 1,243 mn € 197 m
(Net Debt / EBITDA 3.3x) (-€65 mn YoY)
10
 Covid Impact in 2020
Pandemic
Europe
Portugal
Spain
P&L
Impact United Kingdom
Poland
Ireland
▪ C.-€360 mn in Turnover
▪ C.-€45 mn in EBITDA
▪ C.€30 mn (provisions and impairment)
Latin America ▪ Most affected: Africa and Latam (E&C)
Africa
Mexico
Peru Angola
Brazil Mozambique Corporate Social Responsibility
Colombia Malawi
Dominican Republic South Africa
Panama Zimbabwe ▪ Safety and Health remained as a priority
Uganda
Rwanda (employees and other stakeholders)
Guinea Conakry
Cameroon
Ivory Coast
▪ Close cooperation with local communities
Kenya
Nigeria
Ghana Mitigation measures and Strategy
▪ Liquidity protection
▪ Cost efficiency
▪ Revised down Capex 11
All-time high supported by larger contracts
TOTAL BACKLOG EVOLUTION (€ mn) E&C BACKLOG BY SEGMENT BACKLOG BY REGION
Railway
Total Backlog
6,052
E&C Backlog 14% Latin
America
Africa
30%
5,465 5,491 51%
5,365
5,138 16%
5,378
Mining €5.4 bn €6.1 bn
4,777 4,731
4,598
4,305 17% 42%
Europe
Roads,
Oil & Gas 19%
11% Infrastructures
and Power and Others
2017 2018 2019 Jun.20 Dec.20 Civil
Construction

▪ Record backlog level: €6,052 mn with increasing relevance of Long-Term contracts (Mining, Oil, Gas and Power)
▪ E&C represents 89% of the total with a comfortable level of backlog/sales ratio in the E&C activity of 3.1x
▪ Recent Awards (signed after December – not included in backlog):
▪ US$ 1,820 mn in Nigeria – Design and build of a railway infrastructure in the Federal Republic of Nigeria and in the Republic of Niger (Kano-Maradi)
▪ €150 mn in Poland – S19 Lubartów Północ - Lublin Rudnik (in a total amount of €300 mn in Europe in 1Q21)
▪ US$200 mn in Peru - Stage 2B of Callao Port expansion works awarded by DP World
▪ US$357 mn in Mali - Mining contract in partnership with a local partner (70%/30%) awarded by Societé des Mines de Morila, S.A.. 12
EBITDA Margin of 16%

2020 2019 YoY 2H20 YoY ▪ Turnover down 17% YoY to ▪ Net interest costs were
€2,429 mn negatively slightly down YoY
P&L (€ mn) impacted by Covid (c.€360 mn)
Turnover 2,429 2,912 (17%) 1,272 (19%)
EBITDA 380 417 (9%) 236 6%
Margin 16% 14% 1 p.p. 19% 4 p.p.
EBIT 144 188 (23%) 112 15% ▪ EBITDA of €380 mn (Covid with ▪ Net loss of €20 mn, of
Margin 6% 6% (0 p.p.) 9% 3 p.p. negative impact of c.€45 mn), which €10 mn related to
Net financial results (124) (72) (71%) (84) n.m. with positive trend in profitability a one-off provision
Associates (6) (5) (12%) (4) 35% (12% in 1H20 vs. 16% FY20)
1
Net monetary position 11 2 n.m. 3 94%
EBT 26 112 (77%) 27 (62%)
Net income 8 70 (89%) (2) (105%)
Attributable to:
▪ EBIT was down 23% YoY to €144 ▪ Minorities mostly
Non-controlling interests 28 43 (36%) 13 (51%)
Group (20) 27 n.m. (15) n.m. mn (c.€39 mn related to related to Angola and
provisions and impairment, Mexico
mainly related to Covid-19)
1The caption “Net monetary position” partially reflect the accounting of Zimbabwe as a
hyperinflationary economy (IAS 29).
13
Resilient operations in Europe
▪ Europe’s turnover was up 8% YoY ▪ EBITDA in Europe was up
2020 2019 YoY 2H20 YoY to €1,046 mn, sustained by the 26% YoY, helped by both the
E&C activity, namely Poland with E&C and the E&S businesses,
P&L breakdown (€ mn) a 65% YoY increase which include adjustments in
Turnover 2,429 2,912 (17%) 1,272 (19%) the waste treatment
Europe 1,046 971 8% 591 5%
Africa 761 1,007 (24%) 376 (32%)
Latin America 595 949 (37%) 290 (41%) ▪ Africa’s turnover was down 24% ▪ EBITDA margin in Africa reached
Other and intercompany 27 (14) n.m. 16 n.m. YoY to €761 mn due to the 25% driven by the closure of
EBITDA 380 417 (9%) 236 6%
constraints related to Covid-19, some underperforming markets
Margin 16% 14% 1 p.p. 19% 4 p.p.
Europe 117 93 26% 70 33% mainly in Angola and Mozambique and completion of projects with
Margin 11% 10% 2 p.p. 12% 3 p.p. lower margins
Africa 190 214 (11%) 121 (1%)
Margin 25% 21% 4 p.p. 32% 10 p.p. ▪ Latin America was the most ▪ EBITDA margin in Latin America
Latin America 85 118 (28%) 58 (2%)
impacted region by Covid-19 was 14%, benefiting from the
Margin 14% 12% 2 p.p. 20% 8 p.p.
Other and intercompany (12) (8) (50%) (12) (17%) (mainly Peru, Mexico and Brazil) final phase in E&C projects with
due to strict lockdowns and better margins
stoppages measures

14
 Total capex of €197 mn in 2020
Capex was mainly driven by: Net capex (€ mn) Capex in 2020 by region (€ mn)

▪ Capex was adjusted downwards during the year (-25% YoY) 262 197 103 63 29 2
due to the Covid-19 context that caused some delays in the
execution of some projects and as a risk mitigation and
capital allocation efficiency procedure 129 44

93
▪ E&C Capex reached €44 mn, representing c.3% of the E&C
59 49
Turnover, in line with recent years 65
60
▪ E&S capex of €93 mn accounted for 47% of the total capex 68 11
44 7 2
and was mainly channelled to EGF (€73 mn) in accordance 14 11
2019 2020 Europe Africa Latin America Others
with the regulator’s approved investment for the current
regulatory period
E&C Capex Maintenance
Capex – long term contracts1
▪ Capex allocated to long-term contracts was 31% of the Growth

total and was mainly related to mining projects in Africa, E&S Capex Capex – long term contracts1

namely in Mozambique and Guinea 1 Includes mining contracts in Africa and the Energy business in Latin America. 15
 Downward trend in working capital continues
Positive trend in Working capital evolution
▪ Positive trend in the working capital management that resulted from
alternative solutions to reduce financial requirements from the balance
25% 500
20% sheet in recent years, following a closer work with financial partners and
450
clients
20% 400
17%
350 ▪ Working capital/Turnover ratio reflected the efficient working capital
15% 300 measures in place, including:
250
475 7%
10% 7% 200
(i) Reinforcement of cooperation with multilaterals and ECA´s (AFC, Afrexim,
367
5% 150
Atradius, Cosec, KfW, SEK/EKN, UKEF, World Bank/Miga,…)
4%
5%
177 199 100

115 139 0% 50
(ii) Higher exposure to private clients, namely in the mining sector and to
7 projects financed by the client with capital repatriation channels established
0% 0
Dec.15 Dec.16 Dec.17 Dec.18 Dec.19 Jun.20 Dec.20

Working capital (€ mn) Working capital/Turnover

(iii) Monetization (€50 mn) of Real Estate Inventories developed in Poland

(iv) Forex impact of -€45 mn

16
Resilient Cash Flow Generation (CFFO of €471 mn)
(€456 mn in 2019) (€ mn)
CFFO €471 mn

178

380 2
197 Forex in WC: 45

Advances from
108 124 customers: 38

18 1
1
1,213 1,243

+30

Net debt Dec.19 EBITDA Changes in working Corporate tax Net Capex Dividends Others Net debt Dec.20
capital financials paid

1Netdebt considers Angola’s sovereign bonds denominated in US$, US$ linked and in kwanzas, Mozambique’s and Ivory Coast’s sovereign bonds, as “cash and cash equivalents” 17
which amounted to €199 mn (€224 mn nominal value) in December 2020 (€223 mn Angola’s and Ivory Coast’s sovereign bonds in December 2019).
 Stable liquidity position GROSS DEBT MATURITY2, DECEMBER 2020 (€ mn)

Undrawn
credit
▪ Net debt1 of €1,243 mn, up €30 mn YTD, notwithstanding the lines
153 Already refinanced or
to be refinanced soon
challenging context 350 Non-revolving
Revolving
▪ Leasing & Factoring amounted to €525 mn (of which €224 mn Cash
648
& 186
Factoring) 438
Cash
equiv. 309
196 244
▪ Average debt maturity of 2.42 years and cost of debt of 5.0%, 85 83
slightly down from 2019 Liquidity 1 year 2 years 3 years 4 years 5 years > 5 years
position

▪ Net debt/Ebitda of 3.3x, despite a stable indebtedness level COST OF DEBT AND NET DEBT/EBITDA
and going forward it is anticipated to correct to historical
levels as EBITDA normalizes and equity ratio is strengthened 5.8% 5.6% 5.6%
5.2%
5.0% 5.1%
5.0%
3.6x
▪ Sale and redemption during 2020 of €47 Mn of Ivory Coast
3.4x 3.4x 3.3x
2.8x

and Angolan sovereign bonds 2.2x 2.3x

Dec.15 Dec.16 Dec.17 Dec.18 Dec.19 Jun.20 Dec.20

1Net debt considers Angola’s sovereign bonds denominated in US$, US$ linked and in kwanzas, Mozambique’s and Ivory Coast’s sovereign bonds, as “cash and cash equivalents” which amounted to
€199 mn (€224 mn nominal value) in December 2020 (€223 mn Angola’s and Ivory Coast’s sovereign bonds in December 2019). 18
2 Adjusted in accordance with waivers (€228 mn) obtained since 31 December 2020.
03
Regional
Segments

19
19
Highlights 2020

5 Countries
1,046M€ Turnover
1,144M€ Backlog
Portugal
Spain
United Kingdom
Poland
Ireland

20
20
Key figures and Outlook
Turnover (€ mn)
Positive Outlook for the upcoming years in Portugal
▪ Leadership in Portugal in Construction and Waste Management (Collection and Treatment)
859
971 1,046 ▪ Top 25 in the European Construction Ranking2
828
▪ Europe as an Engineering, Innovation and Development Center
▪ Presence in Central Europe since 1996 (Top 15 in Poland) with positive trend (+65% YoY in 2020)
2017 2018 2019 2020
EBITDA (€ mn) and margin (%)
PUBLIC INVESTMENT WITH POSITIVE OUTLOOK:
17%
▪ Public Tenders: 2020 - €4,827 mn (+20% YoY) and €2,786 mn awarded (+39% YoY)
11%
141
8% 10% ▪ New Public and Private Projects with larger dimension (fit with ME competences)
117
71
93 ▪ Positive Trend for the upcoming years reinforced with the higher EU commitment
▪ European Recovery Plan with €15 bn3 non-refundable funds channelled to Portugal, will include a
2017 2018 2019 2020 relevant share allocated to infrastructure projects
Backlog1 (€ mn) PIPELINE 2021-2025
▪ Railway Plan: €1.3 bn, of which c.€360 mn in 2021 and c.€480 mn in 2022
▪ 5 new hospitals: €1bn, of which c.€70 mn in 2021 and c.€180 mn in 2022 (European funds
committed): (Lisbon: €335 mn PPP/30 years - Mota-Engil in the final stage-BAFO)
1,226 1,206 ▪ Metro expansion: €743 mn, of which c.€120 mn in 2021 and c.€340 mn in 2022
1,144
1,068
OUTLOOK 2021:
▪ Turnover with single digit growth and stable profitability
2017 2018 2019 2020 2ENR Top 250 Global 21
1Contracts already signed and financed. Excludes future revenues from concessions (highways and EGF). Contractors (2020).
21
3 €15.3 bn
in non-refundable funds and approximately €15.8 bn in loans at favorable interest rates, to be executed (invested or committed) in three years until the end of 2023. In addition, Portugal will have: (i) c.€30 bn of the Multiannual Financial framework to be
implemented in seven years until the end of 2029 and (ii) c.€12 bn of the Portugal 2020 framework, still to be implemented.
Highlights 2020

13 Countries
761M€ Turnover
3,071M€ Backlog
Angola Guinea Conakry
Mozambique Cameroon
Malawi Ivory Coast
South Africa Kenya
Zimbabwe Ghana
Uganda Nigeria
Rwanda

22 22
Key figures and Outlook
Ver positive outlook for the mid-term supported by a record backlog
Turnover (€ mn)
▪ Long presence in Africa with a fully vertically integrated business, supported by a strong installed asset base
▪ Leadership in markets such as Angola, Mozambique and Malawi
▪ Focus on large infrastructure projects and expansion to Environment (Waste Management) and Mining

1,007
860 905
761
▪ Long-Term Contracts: Mozambique (LNG Project and Mining for Vale), Guinea (Ashanti Gold / Mandiana)
and in Waste Management (Ivory Coast: 7 years Contract since Nov.18) with recurring cash flow

2017 2018 2019 2020

EBITDA (€ mn) and margin (%)

25%
21% 21%
19%

192 214 190 ▪ Backlog in hard currency (≥ 85%) with risk mitigation schemes and aims to reinforce the partnership with
164
ECA’s and multilaterals from different geographies to finance long-term projects denominated in hard
currency and with higher profitability, leveraging the 75 years track-record in Africa
2017 2018 2019 2020
Examples (ongoing projects):
Backlog1 (€ mn) ▪ Infrastructures for the collection, treatment and distribution of water in Angola financed by World Bank
▪ Angola: Soyo Naval Base (€270 mn): financed by Cosec (Portuguese ECA)
▪ Angola: Cabinda Hospital and Pediatric Luanda Hospital (€160 mn) financed by UKEF (UK´s ECA)
3,071
▪ Corporate Credit Line from Afreximbank (5 years) to promote projects in Africa (€100 mn)
2,758 2,711 ▪ Mota-Engil aims to reinforce the partnership with ECA’s and multilaterals from different geographies to
2,604
finance long-term projects denominated in hard currency and with higher profitability, leveraging the 75
years track-record in Africa 23
2017 2018 2019 2020
1Contracts already signed and financed. ▪ Outlook: top-line growth and EBITDA margin in line with guidance of c.20% 23
Africa: Positive outlook for project pipeline
Nigeria: Kano-Maradi railway US$1.82 bn
Commodities futures prices going up (YTD %)
Largest contract ever awarded (Jan.21)
Type of Contract: EPC - F
Design Period:1 year. Construction Period: 32 months
Contracting Authority: Ministry of Transport of Nigeria +34%
Project Description: project, procurement and construction, in addition to the financing of the railway line
with about 284 km + 94 km, "Kano-Danbatta-Kazaure-Daura-Mashi-Katsina-Jibiya-Maradi (Niger Republic).
The financing has been structured and negotiated by KFW-IPEX BANK, Africa Finance Corporation and Credit
Suisse as Financial Advisors of Mota-Engil and Mandated Lead Arrangers for the transaction, will have the +10%
support of several international Export Credit Agencies (ECA). +5%

0%
Nigeria: Lagos’ 4th Mainland Bridge US$2.25 bn (pre-qualified)
Type of Contract: EPC (JV with CCCC)
Contract Value: US$2.25 bn Contracting Authority: Lagos State Government 31/12/2020 31/01/2021 28/02/2021 31/03/2021 30/04/2021 31/05/2021
Project Description: Two-level bridge. The upper level will serve vehicle traffic
Iron ore Brent Gold Coal
while its lower level will serve pedestrian for social and commercial activities.
Source: Bloomberg 31/05/2021.
Private investments opportunities in Oil & Gas (LNG Project)
Awarded in 1H20 a MOF and LNG Jetty worth US$365 mn JV with Besix) from the Mozambique LNG (Total),
the first of several contracts expected for the upcoming years.

Project Coral South Mozambique Rovuma LNG

▪ Prices of commodities show in general a significant
FLNG LNG increase YTD
Exxon, Eni, Exxon, Eni,
Main consortium Total, ENH,
CNPC, Galp, CNPC, Galp,
partners Mitsui E&P
ENH, Kogas ENH, Kogas
Est. Capex (US$ bn) 7 23 23.6
Capacity (Mtpa) 3.4 12.9 15.2 ▪ As the pandemic shows a positive evolution on
Saipem,

EPC
TechnipFMC, McDermott JGC, Fluor, consumption and investment, demand for commodities
JGC, Samsung International, TechnipFMC
Chiyoda is expected to increase
Under
Status
Under
development
FID expected in 24
development 2022 24
(FID June 2019)
First gas 2022 2024 2025
Source: Company data, Mozambi que Governmet.
Highlights 2020

6 Countries
595M€ Turnover
1,837M€ Backlog
Mexico
Peru
Brazil
Colombia
Dominican Republic
Panama

25
25
Key figures and Outlook
Turnover (€ mn)

A Regional Player and a Recognized Brand in Latam

960 1,069 949
595 ▪ Regional Player (7th position in the Ranking: ENR 2020). Main Markets: Mexico, Peru and Brazil.
▪ Diversification strategy ongoing, strengthening the presence in Concessions, Energy (SGFénix)
2017 2018 2019 2020
and Tourism (Costa Canuva) in Mexico and in the Oil & Gas and Waste activities in Brazil (SUMA
EBITDA (€ mn) and margin (%)
Brasil), in order to support cash flow resilience
▪ Mexico expects a strong recovery in 2021 with the existing backlog and with the National
13% 14% Investment Plan of Infrastructures (29 projects to be launched up to the end of 1H21 up to
12%
11% €9.2 bn)
140
109 118 ▪ Commercial Relations with Petrobras and Vale open new opportunities in Brazil
85
▪ Asset rotation strategy in concessional projects with the sale (2020) of a 37% stake in the APP
2017 2018 2019 2020 Coatzacoalcos Villahermosa to Cerpi and the small operation of waste (Gisa)
Backlog1 (€ mn) ▪ Outlook 2021: top-line increase with EBITDA margin of c.10%

▪ Tren Maya (Railway): The biggest railway project in Latam in execution

1,837 ▪ First stretch (227km) awarded in Apr. 2020 to Mota-Engil.
1,465 1,481 1,448 (58% stake in a JV with CCCC and Local Partners).
Biggest contract ever awarded in Latam (15.5MMxn)
26
26
2017
1Contracts
2018 2019 2020
already signed and financed. Excludes future revenues from concessions (highways).
04
Outlook
and Final
Remarks

27
27
 Outlook
• 2021 expected to be an execution year, given backlog’s quantity and
quality, with total turnover expected to reach levels close to 2019

• EBITDA margin to remain resilient at historical levels

• Backlog to stand above €6 bn

• Capex in the range of €200 mn - €250 mn (partially financed by down

payments)

• Focus on organic cash-flow generation will help strengthening the

capital structure

28
28
Final Remarks
2020:
• A challenging year impacted by one of the most unpredictable crisis

• Company showed resilience, capacity to adapt to a “new normal” and prepare

the organization to return to growth

• Strategic partnership and investment agreement signed with CCCC

• Very positive year in the commercial front with a new record level of backlog
(€ 6 bn, not included the new contract awarded in Jan. 21 in Africa of €1.5 bn)

2021:
• Share capital increase to support the expected growth and strengthen the capital
structure / deleverage the company

• Strategy update to be announced in mid 2021

29

29
05
Appendix

30
30
 Snapshot Shareholder structure

Listed
75
since
YEARS
1987 25.6%
40.0%

SHARE
MARKET 2.0%
CAPITAL
CAP
€307M
€429M (306,775,950
shares)
32.4%

Share price performance1 (€)

7

6 FM Sociedade de Controlo, SGPS, SA CCCC Treasury shares Free float*

5
*Of which Mutima Capital Management and Azvalor Asset Management hold a stake of 2.4% and 1.5%, respectively.
4

3
▪ Mota Family (FM - Sociedade de Controlo) has an equity stake of 40.0% and a
2 long-term commitment and fully supports strategy
1 ▪ CCCC has an equity stake of 32.4% reinforcing the shareholder structure of the
0 company
30/06/2011

31/12/2011

30/06/2012

31/12/2012

30/06/2013

31/12/2013

30/06/2014

31/12/2014

30/06/2015

31/12/2015

30/06/2016

31/12/2016

30/06/2017

31/12/2017

30/06/2018

31/12/2018

30/06/2019

31/12/2019

30/06/2020

31/12/2020

30/06/2021

▪ Treasury shares of 2.0% of share capital

31
▪ Payout policy: 50%-75%
1Source: Bloomberg (30/06/2021)
Executive Committee

Gonçalo Moura
Martins
CEO

Carlos Mota Xiangrong

Santos Wang Di Xiao Manuel Mota
Deputy-CEO CFO

32
 Mota-Engil past main milestones
1952 1976 1994 2005 2012 2013 2014 2016 2018 2020

Incorporation of Mota & Mota & Lists on Restructures €175 mn listed Acquisition of EGF Ports & Logistics Start of Operations in Award of the biggest Contract
Engil in Portugal Companhia Companhia Euronext organisational medium-term businesses sale Waste Management in in Latam: Tren Maya €636 mn
diversifies its Lisbon’s main model to bonds issued Mota-Engil SGPS Ivory Coast
begins Mozambique: 1st Contract of
service share index geographic completes €160 mn Indaqua sale
operations in the LNG Project from CCS JV
offering business ABB Enter in Oil&Gas
Portugal Agreement to sell (Area 1)
Mota-Engil segments Maintenance in Brazil
SGPS Ascendi’s assets
completes €110 mn listed Strategic partnership and
€110 mn ABB medium-term bonds investment agreement with
issued (2018/2022) CCCC

1946 1952 1974 1987 2000 2006 2012 2013 2015 2017 2019 2021

Incorporation of Completion of Expansion into IPO of Mota & Merger of Enters the Awarded two Announced De-listing of MEAFR First closing €140 mn listed Kano-Maradi Railway
Mota & the first major Sub-Saharan Companhia on Mota & logistics sections of the intention to and ME SGPS share of Ascendi’s medium-term project in Nigeria:
Companhia in project: countries the Lisbon Stock Companhia sector Nacala Corridor spin-off and capital increase assets sale to bonds issued US$1.82 bn (largest
Angola Luanda other than Exchange and Engil through the railway project list its African Ardian (2019/2024) Contract ever awarded)
International Angola acquisition of in Malawi business €95 mn listed
Airport in the Tertir medium-term bonds
Angola Group in issued
CCCC becomes a
Portugal Enters the energy shareholder of Mota-
production sector Engil with a 32.4%
through Fenix stake
(Mexico)

33
Europe performance breakdown

2020 2019 YoY 2H20 YoY

P&L breakdown (€ mn)

Turnover 1,046 971 8% 591 5%
E&C 715 628 14% 393 14%
E&S 335 351 (4%) 198 (12%)
Other, elim. and interc. (4) (7) 44% 103%
EBITDA 117 93 26% 70 33%
Margin 11% 10% 2 p.p. 12% 3 p.p.
E&C 36 31 14% 23 10%
Margin 5% 5% 0 p.p. 6% 0 p.p.
E&S 84 62 35% 49 50%
Margin 25% 18% 7 p.p. 25% 10 p.p.
Other, elim. and interc. (3) - n.m. (2) (99%)

34
 Balance sheet

Dec. Jun. Dec. YoY

20 20 19
Balance sheet (€ mn)
Fixed assets 1,332 1,356 1,358 (27)
▪ Non-current assets held for sale reflect the sale of the
Financial investments 357 346 340 18 ”Mercado Urbano” and the change in the consolidation
Long term receivables 186 161 190 (4) method (to equity) of the concessionaire APP
Non-current Assets held for sale (net) 97 101 145 (48) Coatzacoalcos Villahermosa
Working capital 7 139 115 (108)
1,978 2,101 2,148 (170)

▪ The evolution of Equity reflects the impact of forex

Equity 146 235 328 (182)
Provisions 104 110 107 (3)
reserves, namely related to the African subsidiaries,
Long term payables 486 510 500 (14) mainly Angola, Mozambique, Malawi and Zimbabwe
Net debt 1,243 1,248 1,213 29
1,978 2,101 2,148 (170)

35
Engineering and
Construction
· Infrastructures
· Civil construction
· Real estate
· Other business areas

The Mota-Engil Group has developed construction projects in almost

50 countries, asserting its technical skills and building a reputation of
excellence, standing out in the construction of different
infrastructures, such as roads, highways, airports, ports, dams,
buildings, railway, electromechanics, foundations and geotechnics,
mining services,
as well as in the construction and maintenance of support platforms
to the Oil & Gas segment, among other areas of expertise.

Main
Indicators 2020
TURNOVER
MILLION EUROS

1,773 M€ 1. FOZ TUA DAM – PORTUGAL

2.DOURO INTERIOR– PORTUGAL
3. WIELICKA-LIPSKA RAILWAY – POLAND
Turnover 4.TUXPAN TAMPICO – MEXICO
2,298 2,213 1,773
5,378 M€ 2,046
5. GUADALAJARA LIGHT RAILWAY SYSTEM – MEXICO
6. ANTAMINA – PERU
7. LUZ HOSPITAL – PORTUGAL
Order Book 8. IMOB BUSINESS TOWER LUANDA – ANGOLA

259 M€
2017 2018 2019 2020
EBITDA

36
 Environment
· Collection · Recovery
· Processing · Waste-to-Energy
The Mota-Engil Group started operating in the Environment sector
in 1995 in Portugal through SUMA in the segment of management and
waste collection, aggregating competences with EGF, leading company
in the waste treatment and recovery, having European cutting-edge
technology in waste treatment and recovery, as well as in energy
production through biogas capture in landfill and energy recovery plant
In Portugal the operations have a market share of 40% in urban services
and 60% in treatment.
At an international level, Mota-Engil has increasingly expanded
its activity in this sector for markets such as Angola (Vista Waste),
Mozambique (Eco Life), Cape Verde (Agir), Mexico (Bordo Poniente),
Brazil (Consita), Oman (Eco Vision) and Côte d’Ivoire (Eco Eburnie and
Clean Eburnie).
Main
Indicators 2020 TURNOVER
MILLION EUROS

514 M€
Turnover 359 517 514
388

674 M€* 1. ENERGY RECOVERY PLANT – PORTUGAL

2. SUMA - PORTUGAL
3. VISTA WASTE – ANGOLA
Order Book 4. ECOVISION - OMÃ
5. ECOLIFE - MOZAMBIQUE
115 M€ 2017 2018 2019 2020 6.
7.
AGIR - CAPE VERDE
ECO EBURNIE – IVORY COAST
EBITDA 8. CLEAN EBURNIE – IVORY COAST
9. CONSITA - BRAZIL
10. BORDO PONIENTE - MEXICO

46% 36% 27%

EGF
53% 20%
TURNOVER
18% EBITDA
Suma Citizens served: 21 Million
International

(*) Additional amount of c.€3 bn that corresponds to EGF’s turnover estimate until the end of EGF’s concession period (ends in 2034). 37
Energy
· Power Generation Technology Installed Business
Capacity Model
· Management Waste-to-Energy
Incinerator
· Trading BioGas
100 MW Sales to Market
with feed-in Tariff
Mota-Engil with 60% stake Organic Valorization

Power 5 hydro plants

288 MW Sales to spot
Generation 10 mini-hydro plants Market and to
1st private The Fenix Supply
operator Jorge Luque +100 MW in 2021/22
Long-term target: business
in Mexico power plant (Gas) (Suministradora)
1700 MW
91% 9%

Currently 3 PPA’s in operation for 148 MW (658 GWh/year), being

Trading the most relevant the 20 year PPA established with Mexico City
Started in March 2018 (supply c.a. 550 GWh/year)
100% Total energy traded in 2020 of >1,000 GWh/year

TURNOVER EBITDA
24
Turnover €115 MN 197
Key Figures 2020 EBITDA: €19 MN 115
19

(Fénix) 1. OIL PLATFORM MAINTENANCE – BRAZIL

2. GENERADORA FÉNIX - MEXICO
Generation Trading 3. FÉNIX - MEXICO

2019 2020 2019 2020

38
Road Concessions
Through Lineas and its subsidiaries, the Mota-Engil Group operates a network of c.2,500 km of roads and
motorways, including the two Lisbon bridges.

Mota-Engil has a track-record of more than 5,000 km of concessions (Green Field projects) with a total
investment of more than 12 Bn Euros, supported by a specialized Know-How acquired since 1994 in
Portugal and that was expanded for the international markets, mainly Latam.

Country Km Mota-Engil End of the

concession
%
Lusoponte* 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 39.00% 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
Autopista Urbana Siervo de la Nación Mexico 14 33.30% 2059
Tultepec-AIFA-Piramides Mexico 27 51.00% 2052
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: 2,462
1. LUSOPONTE – PORTUGAL
* Concessions operated by Lineas in which Mota-Engil 2. PEROTE-XALAPA - MEXICO
3. TUXPAN TAMPICO – MEXICO
SGPS holds a 60% stake.

- Douro Interior (Portugal), Perote-Xalapa (Mexico) and Rodovias do Tieté (Brazil) in an advanced process of sale (expected to be closed at 2021) 39
 Sustainability is a priority

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

Investment in
the Safety Environment
Community

Ethics and Diversity and

António Mota, Mota-Engil’s Complance Inclusion
Chairman

▪ Mota-Engil begun implementing a sustainability and social ▪ CEO Guide to Human Rights of BCSD Portugal: Commitment to innovate in
responsibility strategy in 2006, with the first Sustainability practices aimed at improving the living conditions not only of its employees, but
Report in 2007 also of the communities impacted by the Group’s activity
40
 Sustainability is a priority
▪ Strategy aligned with the United Nations 2030 Agenda
for Sustainable Development with 17 SDGs
▪ Portugal’s Charters of Principles: sharing
sustainability information with stakeholders;
orientation 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
▪ Mota-Engil México: Empresa Socialmente
Responsable
▪ Mota-Engil Peru: ISO certification for anti-bribery
and corruption
▪ Manuel António da Mota Foundation:
founded in 2009 it has the mission to
contribute to the integrated development of
the communities where Mota-Engil operates in
the social, educational, cultural and
environmental fields 41
41
Disclaimer
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.

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 operating 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 42
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 Mário Dionísio, 2

2796-957 Linda-A-Velha Portugal
Tel. +351-21-415-8671

www.mota-engil.com

www.facebook.com/motaengil

linkedin.com/company/mota-engil

www.youtube.com/motaengilsgps
Dec. Jun. Dec. YoY
20 20 19
Balance sheet (€ mn)
Fixed assets 1,318 1,356 1,358 (41)
Financial investments 339 346 340 (1)
Long term receivables 186 161 190 (4)
Non-current Assets held for sale (net) 97 101 145 (48)
Working capital 14 139 115 (101)
1,954 2,101 2,148 (194)

Equity 119 235 328 (209)

Provisions 106 110 107 (1)
Long term payables 486 510 500 (14)
Net debt 1,243 1,248 1,213 29
1,954 2,101 2,148 (194)

43