Arbitration decision having an exceptional exceptional impact of approximately 195 million euros on nominal net profit

Ad hoc version

Arbitration decision having an exceptional exceptional impact of approximately 195 million euros on nominal net profit

HOCHTIEF Aktiengesellschaft (HOCHTIEF) was informed today of the decision of a long-standing arbitration regarding a 2012 legacy project for the construction of a hydropower plant in Chile. HOCHTIEF left the Chilean construction market in 2017. A subsidiary of the HOCHTIEF Europe division participated in the construction joint venture. The decision will have an exceptional negative impact on HOCHTIEF’s nominal net profit of approximately 195 million euros (which includes the amount granted, interest, legal fees and other costs), of which approximately 146 million euros will be cash flows. effective cash flow. The forecast for net operating profit of 410 to 460 million euros remains unchanged, as net operating profit does not include one-off non-recurring items. The company is currently analyzing actions, including extraordinary profits within the HOCHTIEF group to mitigate the impact. In addition, the joint venture is exploring options to challenge the decision.

Contact: [email protected]

HOCHTIEF is a global engineering-led infrastructure group with leading positions in its core construction, services and concession / public-private partnership (PPP) businesses focused on Australia, North America and the ‘Europe. With around 47,000 employees and a sales volume of around 24 billion euros in 2020, HOCHTIEF’s global presence is focused on developed markets. Via CIMIC, the Group is the market leader in Australia. In the USA, HOCHTIEF is the n ° 1 generalist manufacturer via Turner. Flatiron ranks among the most important players in the field of civil works, mainly in transport infrastructure. HOCHTIEF holds a 20% stake in Abertis, the leading international operator of toll motorways. Thanks to its commitment to sustainable development, HOCHTIEF has been listed in the Dow Jones Sustainability Indices since 2006. Further information is available at https://www.hochtief.com/news-media

COMPANY – COMMUNICATION

Contact:

Dr Bernd Pütter

Alfred Street 236

45133 Essen, Germany Tel. : +49 201 824-2610 [email protected]

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