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Investor Presentation

October 2020

2

Earnings Release FY 2019

Tableof Contents

01Snapshot

Page 03

03Regional Segments

Page 18

3.1 Europe3.2 Africa3.3 Latin America

04Final Remarks and Outlook

8

02Results Overview

Page 08

05Appendix

Page 31

Snapshot

1

Earnings Release 2018

44

▪ 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 inconstruction 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 mainfocus on the internationalisation strategy

▪ Leader in Portugal | European Top 25 | World Top 100

▪ Market Cap: €257 mn (30 September 2020)

▪ Main Shareholders: Mota Family (65%) / Mutima Capital (3.13%) / Norges Bank (2.31%) / Cobas (1.99%)/ Az Valor (1.92%)

Snapshot

5

Strategic Partnership and Investment Agreement

MOTA-ENGIL is in the last stages of negotiation of a Partnership and Investment Agreement with CCCC, with significant activity worldwide,

aiming CCCC to become a relevant shareholder and a long-term partner of MOTA-ENGIL.

In the context of the envisaged Agreement, MGP, the controlling shareholder of MOTA-ENGIL, has accepted to sell a relevant stake in the share

capital of MOTA-ENGIL at a price that reflects a valuation which is high above the current market price.

Also pursuant to the Agreement, if concluded successfully — which is expected to occur shortly —, and assuming that the regulatory clearances

and several other conditions precedent will be met, CCCC:

• Will enter into a partnership and investment understanding with MOTA-ENGIL to jointly develop commercial opportunities;

• Will be committed to subscribe a relevant stake in a share capital increase of up to 100 million new shares that will be submitted for

deliberation in a General Meeting, to be called shortly.

Following such share capital increase:

• MGP will have a stake of c. 40% of MOTA-ENGIL, showing a full commitment and alignment with its historical position in the Company;

• CCCC will reach a stake slightly above 30%.

This new configuration and the framework of this partnership, which is based on a Group´s valuation of circa €750 million, will enhance the

financial, technical and commercial capabilities of MOTA-ENGIL in order to upscale its activities in all markets and will open new opportunities

for further developments.

MOTA-ENGIL, as the leading Portuguese infrastructure multinational group, will strengthen its commitment, based on its 75-year culture and

corporate values, towards its clients, employees, communities, environment and all other stakeholders.

6

Mota-Engil is engaged in a wide range of activities associated with the design, construction, management and operation of infrastructures, and boasts a long and recognized experience, accompanied by a high level of technical know-how in the development of various areas such as:

Activities

Engineering and Construction

· Infrastructures

· Civil construction

· Real estate

· Other business areas

Waste Management

· Collection

· Processing

· Recovery

· Waste-to-Energy

Transport Concessions

· Highways

· Motorways

· Bridges

· Railways

· Underground

· Rail freight

Logistics

Energy

· Production

· Management

· Trading

· Maintenance

· Landscaping

Multiservices

Mining

· Prospecting

· Extracting

7

300600900

1200150018002100240027003000

050

100150200250300350400450

AfricaAngola Mozambique Malawi South Africa Zimbabwe Uganda RwandaGuinea ConakryCameroonIvory CoastKenya

Latin America

20192017

417405 407

35%1,007

34%949

31%885

TOTAL:

2,827 M€

EBITDA(million euros)

51%2,711

27%1,448 22%

1,206TOTAL:

5,365 M€

EuropePortugal SpainUnited KingdomPoland Ireland

TURNOVER 2019(million euros)

20192018

2,8272,597

2,802

2019 ORDER BOOK(million euros)

Main IndicatorsTURNOVER(million euros)

The Mota-EngilWorld

Latin America

Mexico Peru Brazil ColombiaDominican RepublicArubaPanama

3 Continents

23 Countries

2018 2018

AfricaEurope

ResultsOverview

2

9

€5.5 bn(record high)

BACKLOG

€ 1,157 mn

(-14% YoY)

TURNOVER

€ 144 mn

(margin 12%)

EBITDA

Europe

Africa

Latam

€ 1,248 mn

(Net debt / EBITDA 3.4x)

NET DEBT

€ 94 mn

(-13mn YoY)

CAPEX

Key Highlights

NET LOSS

€ 5 mn

10

EBITDA margin of 12%

1The caption “Net monetary position” reflects partially the accounting, as an hyperinflationary economy

(IAS 29), of Zimbabwe in the 1H20,

P&L (€ mn)

Turnover

EBITDA 144 194 (26%)

Margin 12% 14% (2 p.p.)

EBIT 33 91 (64%)

Margin 3% 7% (4 p.p.)

Net financial results (39) (52) 26%

Associates 3 1 145%

Net monetary position1

7 - n.m.

EBT 5 40 (88%)

Net income 10 26 (61%)

Attributable to:

Non-controlling interests 15 17 (13%)

Group (5) 8 n.m.

1,157 1,344 (14%)

1H20 YoY1H19

▪ EBITDA margin at 12% with the non-E&C businesses accounting for 45% of the total EBITDA

▪ Net financial results positively impacted by forex gains

▪ Covid-19 had an estimated negative impact of €280 mn in Turnover and of €45 mn in EBITDA, mostly affecting the emerging markets

▪ Tax was impacted by the lower EBT and by some investment tax credits

▪ Turnover of €1,157 mn, with the non-E&C businesses accounting for 26% of the total

▪ Net loss of €5 mn, with the minorities mostly related to Angola and Mexico

▪ EBIT impacted by €16 Mn of provisions and impairment losses, mainly related to Covid-19

11

P&L breakdown (€ mn)

Turnover

Europe 455 407 12%

Africa 385 453 (15%)

Latin America 305 457 (33%)

Other and intercompany 11 28 (60%)

EBITDA 144 194 (26%)

Margin 12% 14% (2 p.p.)

Europe 48 41 16%

Margin 10% 10% 0 p.p.

Africa 69 91 (24%)

Margin 18% 20% (2 p.p.)

Latin America 27 59 (55%)

Margin 9% 13% (4 p.p.)

Other and intercompany - 3 n.m.

1,157 1,344 (14%)

1H20 YoY1H19

Europe was resilient within the Covid-19 context

▪ EBITDA margin in Africa reached 18% with resilient contributions from the main markets

▪ Africa’s turnover was down 15% YoY to €385 mn as Covid-19 led to slower execution pace and stoppages in some markets, namely in Angola, Uganda and Mozambique

▪ EBITDA margin in Latin America was 9% as the Covid-19 impacted the E&C operations

▪ In Latin America, turnover was the most impacted by Covid-19 (mainly Peru and Mexico) due to the imposed lockdowns andstoppages policies

▪ Positive turnover evolution in Europe reflected a strong activity in the E&C business and a positive evolution in the E&S activity, partially offsetting the weaker performance of the other regions (higher Covid-19 impact)

▪ EBITDA in Europe was up 16% YoY, with higher margin both in E&C and E&S

12

42%

11%

17%

16%

14%

47%

21%

32%

Largest projects enhancing value creation

TOTAL BACKLOG EVOLUTION (€ mn)

Africa

Mining

Latin America

Europe

Roads, Infrastructures andOthers

Civil Construction

Oil & Gas

and Power

BACKLOG BY REGIONE&C BACKLOG BY SEGMENT

€5.5 bn€4.7 bn

▪ Record backlog level: €5,491 mn (E&C represents 86% of the total) with a backlog/sales ratio1 in the E&C activity of 2.3

▪ There were no cancellations of projects due to Covid-19

▪ Largest contracts awarded in the 1H20 (> €200 Mn):- Mexico - First stretch of Tren Maya (Mota-Engil Mexico: 58% stake)- Mozambique - Construction of a pier bridge and an offloading facility for Mozambique LNG project (Mota-Engil: 50% stake)- Poland - S1 expressway Kosztowy – Bielsko-Biała - Section II (Mota-Engil: 50% stake)- Angola - Construction of infrastructures for the collection, treatment and distribution of water (Mota-Engil Angola: 40% stake)- Colombia - Construction of a Dam (Talasa) (Mota-Engil: 100% stake)

Railway

1Sales of the last 12 months

13

Major construction projects in

backlog at June 301

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

Project

Tren Maya > 250 MexicoRailway

infrastructures2022

Vale Mining Moatize > 250 Mozambique Mining 2022

Gran Canal highway > 250 Mexico Roads 2020

BR-381 highway dualisation (section 3.1 and section 7) > 250 Brazil Roads 2021

Requalification of the Soyo Naval Base > 250 Angola Ports 2022

Las Bambas dam (phase 4 under execution) > 250 Peru Power 2021

Talasa hydroelectric facility [200;250[ Colombia Power 2024

Mandiana gold mine [150;200[ Guinea Conakry Mining 2027

Siguiri gold mine [150;200[ Guinea Conakry Mining 2022

Calacuve Dam [150;200[ Angola Power 2023

Calueque Dam - lifting system, irrigated perimeter and hybrid generation plant [100;150[ Angola Power 2023

General Hospital of Cabinda [100;150[ Angola Civil Construction 2021

Capacity Improvement Kampala Northern Bypass [100;150[ Uganda Roads 2021

BITA System - B1 (Construction of infrasctructures for the collection, treatment and distribution of water) [100;150[ AngolaUrban

infrastructures2022

Bordo Poniente landfill [100;150[ MexicoUrban

infrastructures2022

Range(€ mn) Country Segment

Exp. Yearof

Completion

141Includes mining contracts in Africa and the Energy business in Latin America.

NET CAPEX(€ mn)

CAPEX BY REGION (1H2020)(€ mn)

Growth and long-term capex accounted for 65%

E&C Capex

Capex – long term contracts1

E&S Capex

Maintenance

Growth

Capex – long term contracts1

▪ Capex reached €94 mn, mostly related to growth and long-term projects

▪ Capex decreased €13 mn YoY mainly due to delays in theexecution of some long-term projects, whose investment isexpected to accelerate in 2021

▪ E&C Capex of €30 mn reached c.3% of the E&C Turnover

▪ E&S capex of €33 mn was mainly channeled to EGF in orderto comply with the regulator’s approved investment for thecurrent regulatory period

▪ Maintenance capex reached 2.9% of the total turnover(FY2019: 4%) benefiting from planning, procurement andlogistics efficiencies

15

Working capital to Turnover

ratio of 5%Working capital evolution

1

1Turnover of the last twelve months.

475

367

177 199251

115 139

20%

17%

7%7%

9%

4% 5%

0%

5%

10%

15%

20%

25%

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

0

50

100

150

200

250

300

350

400

450

500

Working capital (€ mn) Working capital/Turnover

▪ Working capital/Turnover ratio stood at 5%, confirming the downward trend in recent years notwithstanding the challenging context

▪ Alignment of the commercial strategy with strict financialtargets and structuring the contracts with the aim ofminimizing the receivables payment period and the creditrisk exposure with down payment clauses in the largestcontracts

▪ Downward trend follows (i) reinforcement of cooperationwith multilaterals, ECA´s, and (ii) higher exposure to privateclients, namely in the mining sector and to projectsfinanced by the client

16

1,213

1,248

144

24 5

39

94

2

25

Net debt Dec.19 EBITDA Changes in workingcapital

Corporate tax Netfinancials

Capex Dividendspaid

Others Net debt Jun.20

1Net debt considers Angola’s sovereign bonds denominated in US$, US$ linked and kwanzas as “cash and cash equivalents” which amounted to €186 mn (€203 mn nominal value) in June 2020 (€210 mn Angola’s sovereign bonds and €13 mn Ivory Coast’s sovereign bonds in December 2019).

CFFO €126 mn

1

1

Resilient CFFO of €126 mn

(€127 mn in 1H19)FREE CASH-FLOW(€ mn)

Mainly, forex impact

17

621

119

203323 376

230 21590

196

314

Liquidityposition

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

3.6x3.4x

2.2x2.5x

2.3x2.5x

2.8x

3.4x

5.8% 5.6% 5.6%5.1% 5.0% 5.2% 5.2% 5.1%

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

Comfortable liquidity position of €817 Mn

▪ Net debt1 of €1,248 mn, up €34 mn YTD

▪ Liquidity position corresponds to 1.6x of non-revolving financingneeds with maturity less than one year

▪ Leasing & Factoring amounted to €403 mn (of which €292 mnLeasing), down €79 mn from December 2019

▪ Average debt maturity of 2.6 years up from 2.5 in December 19

▪ Cost of debt of 5.1%, slightly down from 2019

▪ Net debt / Ebitda of 3.4x, within a difficult context due to Covid-19, but committed to strengthen the capital structure

▪ Sale and reimbursement during the 1H20 of €35 Mn of Angolanand Ivory Coast sovereign bonds

Non-revolving

RevolvingUndrawn

creditlines

Cash&

Cash equiv.

1Excluding leasing and factoring and including €186 mn (€203 mn nominal value) of Angolan sovereign bonds;

2Excluding leasing and factoring;

Already refinanced or to be shortly

refinanced

GROSS DEBT MATURITY2, JUNE 2020(€ mn)

COST OF DEBT AND NET DEBT / EBITDA


18

RegionalSegments

3


19

Europe

Highlights 2019

Portugal Spain PolandIrelandUnited Kingdom

05 €885mn €1,206mn

Countries Turnover Backlog


2020

141

7193

41 48

2017 2018 2019 1H19 1H20

Turnover (€ mn)

Backlog1 (€ mn)

EBITDA (€ mn) and margin (%)

1Contracts already signed and financed. Excludes future revenues from concessions (highways and EGF). 2ENR Top 250 Global Contractors (2020).

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

▪ Europe as an Engineering, Innovation and Development Center

▪ Presence in Central Europe since 1996 (Top 15 in Poland) with positive trend (+62% YoY in 1H20)

▪ Presence in Ireland since 2007 with recent expansion to UK

PUBLIC INVESTMENT WITH POSITIVE OUTLOOK:

▪ Public Tenders (until August): €3,422 mn (+20% YoY) and €1,291 mn awarded (-7% YoY)

▪ New Public and Private Projects with larger dimension (fit with ME competences)

▪ Positive Trend for the upcoming years reinforced with the higher EU commitment

▪ European Recovery Plan with €15 bn3 non-refundable funds channelled to Portugal, willinclude a relevant share allocated to infrastructure projects

PIPELINE (2020/2023)

▪ New Lisbon International Airport: €1.15 Bn (Investment by the concessionaire ANA/Vinci)

▪ Railway Plan 2020: up to €1 bn to be tendered (and executed until 2023)

▪ Total planned investments of €1bn in new hospitals: Projects to be completed in 2023

(Lisbon: €335 mn: Mota-Engil in the final stage-BAFO)

8% 11%

10%

17%

828 859 880

407 455

2017 2018 2019 1H19 1H20

10%

1,0681,226 1,293 1,206 1,156

2017 2018 1H19 2019 1H20

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.


2121

Airport Expansion in Lisbon:

CAPEX: €1.15 bn (ANA Aeroportos/Vinci - concessionaire)

Environmental Impact Study approved

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)

1PNI: 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: €1 bn (until 2023 / European Funds committed)

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

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

Positive Outlook for the upcoming years in Portugal


22

Africa

Highlights 2019

11 €1,007mn €2,711mn


Angola Mozambique Malawi

South Africa Zimbabwe

Uganda

Rwanda

Guinea Conakry Cameroon Ivory CoastKenya


2323

164192

214

9169

2017 2018 2019 1H19 1H20

Turnover (€ mn)

19%20%


Backlog1 (€ mn)

1Contracts already signed and financed.

Attractive outlook supported by an all time high backlog value

▪ Backlog: €2.7 bn and resilient EBITDA margins

▪ 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

▪ 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


18%21% 20%

2,604

2,758

2,648

2,711

2,571

2017 2018 1H19 2019 1H20

860 9051,007

453 385

2017 2018 2019 1H19 1H20

▪ Backlog in hard currency (≥ 85%) with risk mitigation schemes with the growing trend of projects financedby multilaterals or ECA Lines as a clear example of shift in the commercial strategy that allows to optimizethe Working Capital Management in the recent years

Examples (ongoing projects):

▪ 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)

▪ Corporate Credit Line from Afreximbank (5 years) to promote projects in Africa (€100 mn)

Mota-Engil: A recognized brand from the main multilaterals considering the presence in Africa since 1946


2424

Africa: Project pipelinePositive Outlook with potential contracts to be awarded in new markets:

▪ Opportunities for Public Clients with Programmes financed by multilaterals or ECA Lines

Ghana: Accra-Tema PPP US$500 mn (preferred bidder)

Type of Contract: DBFOM. Concession Completion: 2052Contract Value: US$500 mn (ME: 25% in a JV with AIIM, STOA and Egis)Contracting Authority: Ghanaian GovernmentProject Description: The Accra-Tema motorway is a 19 km dual carriageway. It forms an integral part of theNational Route 1 (N1) starting from Aflao (in the Volta Region) and ending at Elubo (in the Western Region).It is also part of the Trans West African Highway (Abidjan-Lagos Corridor), linking the city of Accra, the KotokaInternational Airport and Tema Port.

Nigeria: Lagos’ 4th Mainland Bridge US$2.25 bn (pre-qualified)

Type of Contract: EPCContract Value: US$2.25 bn (JV with CCCC)Contracting Authority: Lagos State GovernmentProject Description: Two-level bridge. The upper level will serve vehicle traffic while its lower level will servepedestrian for social and commercial activities. The bridge is designed to have a four-lane dual carriagewaywith each comprising three lanes and two meters hard shoulders on each side. At 38 km, it is going to be thelongest bridge in Africa.

Nigeria: Kano-Maradi railway US$1.9 bn (preferred bidder)

Type of Contract: EPCContract Value: US$1.88 bnDesign Period:1 year. Construction Period: Up to three years (36 months)Contracting Authority: The Federal Ministry of TransportationProject Description: The design and construction of a single track standard gauge rail line (with associated stations) between Kano to Maradi (284 km) and a branch line between Kano to Dutse (93 km).Borrower: Federal Ministry of Finance of Nigeria. Financing: ECA - covered buyer credit a commercial loansStructuring & Financial Advisors: KfW IPEX-Bank & Africa Finance Corporation (AFC)

▪ 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 concession (Total) (the first of several contracts expected for the upcoming years)

LatinAmerica

Mexico

Peru

Brazil

Colombia

Dominican Republic

Aruba

Panama

Highlights 2019

07 €949mn €1,448mn



2626

109

140118

59

27

2017 2018 2019 1H19 1H20

▪ Mexico activity to be driven by the E&C works related to the Tren Maya, Costa CanuvaTouristic Project and Energy with Fenix and by the Revised 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

▪ Positive outlook to revamp the commercial and activity dynamism, namely in Mexico

Turnover (€ mn)

Backlog1 (€ mn)


12%11%

1Contracts already signed and financed. Excludes future revenues from concessions (highways).

A Regional Player and a Recognized Brand in Latam

▪ Regional Player (7th position in the Ranking: ENR 2020)

▪ Positive evolution in the EBITDA margin (1H20 impacted by Covid-19)


13%13%

9601,069

949

457305

2017 2018 2019 1H19 1H20

9%

1,465 1,4811,259

1,4481,764

2017 2018 1H19 2019 1H20

▪ Tren Maya (Railway):

The Flagship Project of the six-year mandate

▪ First stretch (227km) awarded in Apr. 2020 to Mota-Engil.(58% stake in a JV with CCCC and Local Partners).

Biggest contract ever awarded in Latam (15.5MMxn)


2727

▪ Agreement between the Government and the private sector

▪ Total investment of US$14 bn (MEX$297 bn)

▪ Private investment to amount at least 50% of the total

▪ Sectors: Communications and Transports; Energy; Water; Environment

▪ 39 projects: 7 under development and 32 to be developed:

• 28 highways, two ports, two railways, two water & waste-related andfive energy projects,

▪ Number of projects is expected to increase in the next couple of months asofficials and companies work together to add public-private projects to the plan.

▪ Target: infrastructure investment to reach 25% of GDP

Mexico: Revised National Infrastructure Plan (first package announced)

4FinalRemarks and Outlook

29

Earnings Release

29

• Activity was impacted by Covid-19, with a resilient profitability

• Strong commercial performance that led to a record and comfortable Backlog (€5.5 Bn), which paves the way for a strong recovery inturnover when the economic recovery begins

• Capex was adjusted to the current context and to projects with high profitability and stable cash-flow stream

• Net debt level was up €34 mn YTD in a challenging environment, while maintaining a comfortable liquidity position

• Working capital was under control at 5% of turnover, reflecting the efficiency measures in place

Final Remarks

30

Earnings Release

30

• Total turnover is expected to decrease due to Africa and Latin America, notwithstanding an expected increase in activity in Europe

• EBITDA margin to remain below 2019

• Backlog to stand above €5 bn

• Capex below €200 mn (partially financed by down payments), down from an initial estimate of €200 mn-€250 mn

• Focus on organic cash-flow generation in order to help strengthening the capital structure

Outlook

Appendix

5


3232

74

YEARS

MARKET

CAP

€257M

Listed

since

1987

SHARE

CAPITAL

€238M

1) Source: Bloomberg (30/09/2020)

▪ Mota Family (FM - Sociedade de Controlo) has an equity stake of 65% and a long termcommitment and fully supports strategy

▪ Treasury shares of 2.6% of share capital

▪ Payout policy: 50%-75%

Snapshot

Share price performance1 (€) FM-Soc.Controlo ; 64.97%

Mutima Capital; 3.13%

Norges Bank; 2.31%

Cobas; 1.99%

AZ Valor; 1.92%

Treasury Stocks; 2.56%

Free Float; 23.10%

MOTA-ENGIL SHAREHOLDERS

0

1

2

3

4

5

6

7

01/1

0/20

10

01/1

0/20

11

01/1

0/20

12

01/1

0/20

13

01/1

0/20

14

01/1

0/20

15

01/1

0/20

16

01/1

0/20

17

01/1

0/20

18

01/1

0/20

19


3333

Gonçalo Moura MartinsCEO

▪ Degree in Law

▪ With Mota-Engil since 1990, holding several management positions

José Pedro FreitasCFO

▪ Degree in Economics

▪ Since 2009 in senior positions in the Group

Carlos Mota SantosDeputy CEO

▪ Degree in Civil Engineering

▪ With the Group since 2006 in senior positions

Manuel MotaCEO Europe & Africa


▪ More than 10 years of experience in the Group, namely in Central Europe and in Africa’s division

Ismael GasparCEO ME Capital


▪ With the Group for 30 years

João ParreiraCEO Latin America

▪ Degree in Law

▪ Working for Mota-Engil since 2008, being the CEO of LatAm region since 2012

Eduardo PimentelHR / IT and Resources


▪ Working in the Group for 25 years

Luís SilvaStrategic Planning and Control

▪ Degree in Economics

▪ With the Group for 27 years

Executive Committee


3434

1946

Incorporation of Mota & Companhia in Angola

1952

Completion of the first major project: Luanda International Airport in Angola

1974

Expansion into Sub-Saharan countries other than Angola

1987

IPO of Mota & Companhia on the Lisbon Stock Exchange

2000

Merger of Mota & Companhiaand Engil

2006

Enters the logistics sector through the acquisition of the TertirGroup 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 & Companhiabegins operations in Portugal

1994

Mota & Companhiadiversifies its service offering

2005

Lists on Euronext Lisbon’s main share index

Mota-Engil SGPS completes €110 Mn ABB

2012

Restructures organisationalmodel to geographic business segments

2013

€175 Mn listed medium-term bonds issued

2014

Acquisition of EGF

Mota-Engil SGPS completes €160 MnABB

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 of Ascendi’sassets sale to Ardian

2018

Start of Operations in Waste Management in Ivory Coast

Enter in Oil&GasMaintenance 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)

Strategic partnership and investment agreement with CCCC


3535

Balance sheet

Balance sheet (€ mn)

Fixed assets 1,356 1,358 (2)

Financial investments 346 340 7

Long term receivables 161 190 (29)

Non-current Assets held for sale (net) 101 145 (44)

Working capital 139 115 24

2,101 2,148 (47)

Equity 235 328 (93)

Provisions 110 107 4

Long term payables 510 500 11

Net debt 1,248 1,213 34

2,101 2,148 (47)

Jun. 20

Dec. 19

YoY


3636

Europe performance breakdown

P&L breakdown (€ mn)

Turnover 455 407 12%

E&C 322 284 14%

E&S 137 127 8%

Other, elim. and interc. (4) (4) (17%)

EBITDA 48 41 16%

Margin 10% 10% 0 p.p.

E&C 13 10 23%

Margin 4% 4% 0 p.p.

E&S 35 29 19%

Margin 25% 23% 2 p.p.

Other, elim. and interc. - 1 n.m.

1H20 YoY1H19

37

· Infrastructures

· Civil construction

· Real estate

· Other business areas

1. FOZ TUA DAM – PORTUGAL

2.DOURO INTERIOR– PORTUGAL

3.WIELICKA-LIPSKA RAILWAY – POLAND

4.TUXPAN TAMPICO – MEXICO

5. GUADALAJARA LIGHT RAILWAY SYSTEM – MEXICO

6. ANTAMINA – PERU

7. LUZ HOSPITAL – PORTUGAL

8. IMOB BUSINESS TOWER LUANDA –ANGOLA

The Mota-Engil Group has developed construction projects in over 40 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.

Engineering andConstruction

MainIndicators 2019

2,211 M€

Turnover

4,583 M€

Order Book

265 M€

EBITDA

2,211

2019201820172016

2,2982,046

1,768

MILLION EUROS

TURNOVER

38

1. ENERGY RECOVERY PLANT – PORTUGAL

2. SUMA - PORTUGAL

3. VISTA WASTE – ANGOLA

4. ECOVISION - OMÃ

5. ECOLIFE - MOZAMBIQUE

6. AGIR - CAPE VERDE

7. ECO EBURNIE – IVORY COAST

8. CLEAN EBURNIE – IVORY COAST

9. CONSITA - BRAZIL

10. GISA - MEXICO

· Collection

· Processing

· Recovery

· 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.

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 (Gisa), Brazil (Consita), Oman (Eco Vision) and Côte d’Ivoire (Eco Eburnie and Clean Eburnie).

Environment

MainIndicators 2019

404 M€

Turnover

4,000 M€*

Order Book

83 M€

EBITDA

404

2019201820172016

344359334

MILLION EUROS

TURNOVER

(*) Total amount of the Order Book among the waste collection subsidiaries, adding theestimate turnover up to the end of EGF’s concession (ends in 2034).

39

2018 2019

EBITDA

2018 2019

TURNOVER

44

24

· Power Generation· Management· Trading

Energy

TechnologyInstalledCapacity

5 hydro plants

Jorge Luquepower plant (Gas)

10 mini-hydro plants277 MW

+100 MW in 2020Long-term target: 1700 MW

Sales to spotMarket and toThe Fenix Supply business(Suministradora)

Generation Trading

102

197

91% 9%

100%

1. OIL PLATFORM MAINTENANCE – BRAZIL

2. GENERADORA FÉNIX - MEXICO

3. FÉNIX - MEXICO

PowerGeneration1st private operatorin Mexico

TradingStarted in March 2018

Key Figures 2019

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

Turnover €197 MNEBITDA: €24 MN

40

Country Km Mota-Engil End of the

concession

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 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

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

* Concessions operated by Lineas in which Mota-Engil SGPS holds a 60 % stake. Total Km: 2,495

%

1. LUSOPONTE – PORTUGAL

2. PEROTE-XALAPA - MEXICO

3. TUXPAN TAMPICO –MEXICO

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

41

Sustainability is a priority

Investment in the

CommunitySafety Environment

Ethics andComplance

Diversity andInclusion

Path to sustainability

▪ Five operational Goals: in line with the Sustainable Development Goals (SDG) – thepillars of a balanced society, capable of generating employment and wealth whilerespecting nature and Human Rights – and reinforcing the commitment tosustainability of its clients, communities and employees

António Mota, Mota-Engil’sChairman

▪ Mota-Engil begun implementing a sustainability and socialresponsibility strategy in 2006, with the first SustainabilityReport in 2007

▪ CEO Guide to Human Rights of BCSD Portugal: Commitment to innovate inpractices aimed at improving the living conditions not only of its employees, butalso of the communities impacted by the Group’s activity

42

Sustainability is a priority

▪ Portugal’s Charters of Principles: sharingsustainability information with stakeholders;orientation of the entire value chain according tothe principles; alignment and commitment to theSustainable Development Goals

▪ Employees internal training and awareness:sustainability as a competitiveness factor

▪ Ethics and business conduct: Equality and Non-Discrimination Plan, Whistleblowing andCompliance Procedure, Code of Ethics andBusiness Conduct

▪ Manuel António da Mota Foundation:founded in 2009 it has the mission tocontribute to the integrated development ofthe communities where Mota-Engil operates inthe social, educational, cultural andenvironmental fields

▪ Strategy aligned with the United Nations 2030 Agendafor Sustainable Development with 17 SDGs

▪ Mota-Engil México: Empresa SocialmenteResponsable

▪ Mota-Engil Peru: ISO certification for anti-briberyand corruption

43

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 andcash equivalents with recourse - demand deposits”; “Cash and cash equivalents with recourse - term deposits” “Loans without recourse”; “Loans with recourse” and “Other financial investmentsrecorded 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

PEDRO ARRAIS

Head of Investor Relations

[email protected]

MARIA ANUNCIAÇÃO BORREGA

Investor Relations Officer

[email protected]

[email protected]

Rua de Mário Dionísio, 2

2796-957 Linda-A-Velha Portugal

Tel. +351-21-415-8671

www.mota-engil.com

linkedin.com/company/mota-engil

www.youtube.com/motaengilsgps

www.facebook.com/motaengil

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