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Orascom Construction Reports Backlog of USD 5.5 Billion and Revenue of USD 804.9 Million in Q1 2023

01 June, 2023

• Revenue of USD 804.9 million, consolidated EBITDA of USD 35.5 million and net profit attributable to shareholders of USD 36.1 million in Q1 2023
• Net cash position of USD 159.1 million as of 31 March 2023
• Consolidated backlog of USD 5.5 billion and pro forma backlog including 50% share in BESIX of USD 8.5 billion as of 31 March 2023
• Consolidated new awards increased 39.0% y-o-y to USD 858.4 million and pro forma new awards including 50% share in BESIX increased 35.6% y-o-y to USD 1.4 billion in Q1 2023
• BESIX reports a standalone backlog of EUR 5.7 billion and new awards of EUR 1.0 billion in Q1 2023
• Reached financial close in April on a new 500 MW wind farm in Egypt
• Signed a new contract in May to develop, own and operate a large-scale seawater treatment and water transportation project worth up to USD 2.4 billion in Abu Dhabi, UAE
• Divested full stake in construction chemicals subsidiary for EGP 1.8 billion in May
• Shareholders approved at the AGM the Company’s proposal to buy back 5.6% of its own shares