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Orascom Construction Reports Backlog of USD 5.4 billion and Net Income of USD 34.8 million in H1 2020

26 August, 2020

• Revenue increased 8.2% y-o-y to USD 1.6 billion in H1 2020 and consolidated EBITDA decreased 30.3% y-o-y to USD 99.3 million in H1 2020
• Net income attributable to shareholders of USD 9.8 million in Q2 2020 and USD 34.8 million in H1 2020
• Net cash position of USD 309.4 million as of 30 June 2020 and positive operating cash flow of USD 53.2 million in H1 2020
• Consolidated backlog grew 17.7% y-o-y to USD 5.4 billion and pro forma backlog including 50% share in BESIX increased 8.1% y-o-y to USD 7.9 billion as of 30 June 2020
• Consolidated new awards decreased 6.4% y-o-y to USD 1.3 billion and pro forma new awards including 50% share in BESIX decreased 18.0% y-o-y to USD 1.9 billion in H1 2020
• BESIX reports a standalone backlog of EUR 4.5 billion and new awards of EUR 1.1 billion in H1 2020
• A dividend of USD 0.21 per share was distributed to shareholders in August 2020