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Orascom Construction Reports 12.1% Increase in EBITDA in H1 2017 and a Positive Outlook for FY 2017

24 August, 2017

• EBITDA increased 12.1% y-o-y to USD 111.1 million and net income to shareholders rose 4.7% y-o-y to USD 51.7 million in H1 2017
• Net cash position maintained at USD 202.1 million as of 30 June 2017
• Backlog of USD 4.7 billion as of 30 June 2017 and USD 6.6 billion including 50% share in BESIX
• New awards of USD 747.3 million in H1 2017 and USD 1.5 billion including 50% share in BESIX
• Current backlog provides sufficient revenue and profitability visibility as the Group pursues a robust bidding pipeline
• BESIX continues to deliver consistent results and resumes annual dividend distribution