Investor Presentation · 300 600 900 1200 1500 1800 2100 2400 2700 3000 0 50 100 150 200 250 300 350 400 450 Africa Angola Mozambique ... US$ linked and kwanzas as “cash and cash

Investor Presentation

July 2020

Table

of Contents01Snapshot

Page 03

03Regional Segments

Page 17

3.1 Europe3.2 Africa3.3 Latin America

04Final Remarks and Outlook

Page 27

02Results Overview

Page 07

05Appendix

Page 30

2

Snapshot

1Earnings Release

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: €271 mn (30 June 2020)

Main Shareholders: Mota Family (65%) / Mutima Capital (3.15%) / Norges Bank (2.31%) / Cobas (1.99%)/ Az Valor (1.92%)

Snapshot

4

5

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

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 Indicators

TURNOVER(million euros)

The Mota-EngilWorld

Latin America

Mexico Peru Brazil ColombiaDominican RepublicArubaPanama

3 Continents

23 Countries

2018 2018

AfricaEurope

6

ResultsOverview

2

€ 5.4 bn

BACKLOG

€ 2,827 mn (+1% YoY)

RECORD TURNOVER

€ 417 mn (margin 15%)

EBITDA

Europe

Africa

Latin America

€ 27mn (+15% YoY)

NET INCOME

€ 1,213 mn

(Net debt / EBITDA 2.9x)

NET DEBT

€ 262 mn

CAPEX

Key

Highlights

5.5 5.4

Dec.18 Dec.19

2,802 2 827

2018 2019

407 417

2018 2019

8

Net income up 15% YoY to €27 mn Resilient EBITDA margin

at 15% with profitability

increasing in all the

regions and with the

Non-E&C businesses

accounting for 26% of

the total

Net financial results

positively impacted by

forex gains, whereas

interest costs remained

broadly stable

IFRS 16 impact in

EBITDA was c.€18

mn

Effective tax rate of

37%1The caption “Net monetary position” reflects the accounting, as hyperinflationary economies

(IAS 29), of Angola and Zimbabwe in 2018 and 2019, respectively.

Turnover of €2,827 mn,

balanced between the

regions and with the Non

E&C businesses

accounting for 21% of

the total

Decrease of non-

controlling interests

YoY

P&L (€ mn)

Turnover

EBITDA 417 407 2% 223 (3%)

Margin 15% 15% 0 p.p. 15% 0 p.p.

EBIT 188 200 (6%) 97 (12%)

Margin 7% 7% (1 p.p.) 7% (1 p.p.)

Net financial results (72) (56) (29%) (21) 55%

Associates (5) 3 n.m. (7) n.m.

Net monetary position1

2 (12) n.m. 2 n.m.

EBT 112 135 (17%) 71 14%

Net income 70 93 (25%) 45 (15%)

Attributable to:

Non-controlling interests 43 70 (38%) 26 (24%)

Group 27 23 15% 19 4%

(4%)2,827 2,802 1% 1,482

2019 YoYYoY 2H192018

9

EBITDA margin of 15% EBITDA increased 32%

YoY in Europe benefiting

from improved profitability

in the E&C

EBITDA margin in Africa

reached 21% with

resilient contributions

from the main markets

Africa’s turnover was

up 11% YoY to €1 bn

EBITDA margin in Latin

America was stable at

12%

In Latin America, Brazil

and Peru project

execution showed a

double digit growth1Of which €57 mn related to companies that in 2018 were accounted in Europe’s region.

Turnover evolution in

Europe reflected: (i) a

stronger activity in the

E&C business in Portugal

in the 2H19 and (ii) a

stable E&S activity

1

P&L breakdown (€ mn)

Turnover

Europe 885 859 3% 479 6%

Africa 1,007 905 11% 554 2%

Latin America 949 1,069 (11%) 491 (16%)

Other and intercompany (14) (30) 54% (41) 51%

EBITDA 417 407 2% 223 (3%)

Margin 15% 15% 0 p.p. 15% 0 p.p.

Europe 93 71 32% 52 121%

Margin 11% 8% 2 p.p. 11% 6 p.p.

Africa 214 192 11% 122 12%

Margin 21% 21% 1 p.p. 22% 2 p.p.

Latin America 118 140 (16%) 59 (40%)

Margin 12% 13% (1 p.p.) 12% (5 p.p.)

Other and intercompany (8) 4 n.m. (10) n.m.

2,827 2,802 1% 1,482 (4%)

2019 YoYYoY 2H192018

10

49%16%

16%

19%51%

22%

27%

Significant growth in Mining, Oil & Gas and PowerTOTAL BACKLOG EVOLUTION (€ mn)

AfricaMining Latin America

Europe

Roads, Infrastructures and Others

Civil Construction

Oil &Gas

and Power

BACKLOG BY REGION

(2019)

E&C BACKLOG BY SEGMENT

(2019)

€5.4 bn€4.6 bn

E&C represents 85% of the total backlog with a backlog to sales ratio of 2.3x

Significant growth in segments with Long-Term Contracts: Mining, Oil&Gas and Energy (35% of the total vs. 21% in FY2018)

Important project awards YTD:

- Mexico: First stretch of Tren Maya worth €636 mn (58% stake through Mota-Engil Mexico);

- Mozambique: Construction of a pier bridge and an offloading facility (US$365 mn in a 50/50 JV with Besix for the LNG project);

- Colombia: Construction of a Dam (Talasa) in a €270 mn contract.11

4,422

5,138

5,4655,365

3,779

4,305

4,7774,583

2016 2017 2018 2019

Total Backlog

E&C Backlog

Project

Vale Mining Moatize > 250 Mozambique Mining 2022

Gran Canal highway > 250 Mexico Roads 2020

Requalification of the Soyo Naval Base > 250 Angola Ports 2021

BR-381 highway dualisation (section 3.1 and section 7) > 250 Brazil Roads 2020

Las Bambas dam (phase 4 under execution) > 250 Peru Power 2020

Cardel-Poza Rica highway [200;250] Mexico Roads 2020

Tuxpan-Tampico highway [200;250] Mexico Roads 2020

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

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

El Tornillito hydroelectric facility [150;200[ Honduras Power 2023

Cuapiaxtla-Cuacnopalan road [100;150[ Mexico Roads 2022

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

General Hospital of Cabinda [100;150[ Angola Civil Construction 2020

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

Offshore platform - operational unit Rio Section B [100;150[ Brazil Oil&Gas 2022

Bordo Poniente landfill [100;150[ Mexico Urban infrastruct. 2022

Fairmont Hotel [100;150[ Mexico Civil Construction 2022

Range

(€ mn) Country Segment

Exp. Yearof

Completion

Major construction projects in backlog at December 311

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

12

71

33

17

49

16

10

22

43

120

71 69

2

Europe Africa Latin America Others

Capex of €262 mn

E&S capex of €129 mn was mainly channelled to EGF (€89mn) in order to comply with the regulators’ approvedinvestment for the current regulatory period

E&C CAPEX (€68mn) < 3% E&C Turnover

Maintenance capex c.4% of turnover due to theoptimization of planning, procurement and logistics

1Includes mining contracts in Africa and the Energy business in Latin America.

NET CAPEX(€ mn)

CAPEX BY REGION (2019)(€ mn)

Growth and long-term capexaccounted for 54%

E&C Capex

Capex – long term contracts1

E&S Capex

Maintenance

Growth

Capex – Long term

contracts1

68 82

65

101

129

104

262

287

2019 2018

13

475

367

177 199

115

20%

17%

7%7%

4%

0%

5%

10%

15%

20%

25%

Dec.15 Dec.16 Dec.17 Dec.18 Dec.19

0

50

100

150

200

250

300

350

400

450

500

Working capital (€ mn) Working capital/Turnover

Working capital to Turnover ratio of 4%

Working capital evolution

1

Working capital/Turnover

ratio decreased to 4%

For 2020, focus on

structuring the contracts

with the aim of minimizing

the receivables payment

period and credit risk

exposure

Downward trend follows

(i) reinforcement of cooperation

with multilaterals, ECA´s,

(ii) higher exposure to private

clients, namely in mining and

oil&gas sectors and to projects

financed by the client and

(iii) settlement of receivables

mainly from Angola’s

Government

1Turnover of the last twelve months.

14

955

1,213

417

84 4172

262

30 35

118

200

Net debt Dec.18 EBITDA Changes in workingcapital

Corporate tax Netfinancials

Capex Dividendspaid

Financial Capex Changes inperimeter

Others Net debt Dec.19

1Net debt considers Angola’s sovereign bonds denominated in US$, US$ linked and kwanzas as “cash and cash equivalents” which amounted to €210 mn (€224 mn nominal value) in December 2019 (€152 mn in December 2018) and Ivory Coast’s sovereign bonds that amounted to €13 mn in December 2019.

CFFO €459 mn

1

1

Solid CFFO of €459 mn(+33% YoY: FY18 was €346 mn)

FREE CASH-FLOW(€ mn)

Of which:€117 mn forex€37 mn revaluation ofinvestment properties€14 mn impairments

15

Net debt1 of €1,213 mn with a Net debt / Ebitda at 2.9x

Leasing operations (IFRS 16 impact of €31 mn), amounted to€274 mn

Average debt maturity of 2.5 years up from from 2.3 a yearago, helped by the successful bond issue in October (€140 mn)

Average cost of debt of 5.2%

Liquidity position corresponds to 1.2x of non-revolvingfinancing needs with maturity less than one year

Cash-in of c.€20 mn from the monetization of Africa’ssovereign bonds

Non-revolving

RevolvingUndrawn

creditlines

Cash&

Cash equiv.

1Excluding leasing and factoring and including €210 mn (€224 mn nominal value) ofAngolan sovereign bonds and €13 mn of Ivory Coast sovereign bonds;

2Excluding leasing and factoring;

Already refinancedin 2020

GROSS DEBT MATURITY2, DECEMBER 2019(€ mn)

COST OF DEBT AND NET DEBT / EBITDA

655

145

448

239 254 231 22727

234 299

Liquidityposition

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

16

3.6x3.4x

2.2x2.5x

2.3x2.5x

2.9x

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

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

RegionalSegments

3

Europe

Highlights 2019

Portugal Spain PolandIrelandUnited Kingdom

05 €885mn €1,206mn

Countries Turnover Backlog

111141

7193

2016 2017 2018 2019

Turnover (€ mn)

Backlog1 (€ mn)

EBITDA (€ mn) and margin (%)

1Contracts already signed and financed (Dec. 2019). Excludes future revenues from concessions (highways and EGF). 2ENR Top 250 Global Contractors (2019).

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 (24th)

Europe as a Engineering, Innovation and Development Center

Presence in Central Europe since 1996 (Top 15 in Poland)

Presence in Ireland since 2007 with recent expansion to UK

PUBLIC INVESTMENT WITH POSITIVE OUTLOOK:

Public Tenders (2019): €3,992 mn (+50% YoY) and €2,442 mn awarded (+17% YoY)

Public Tenders (1Q20): €1,659 mn (+65% YoY) and €411 mn awarded (+10% 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

PIPELINE (2020/2023)

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

Railway Plan 2020: up to €1.5 to be executed until 2023

Lisbon (c.€310 mn) and Oporto (c.€365 mn) metro expansion: Tenders on going

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

(Lisbon: 335 mn and Madeira: €205 mn in a more advanced position to be awarded)

802

1,0681,226 1,206

2016 2017 2018 2019

13%

8%11%

17%

841828

859

885

2016 2017 2018 2019

19

New Lisbon International Airport: a €1,15Bn new Project (2020-2024)

From 31 million (2019) to 50 million passengers capacity in the future

(expansion of the existing airport) (new airport in the south margin)

Final Environmental Impact Study approved

Private Investment (ANA Aeroportos/Vinci - concessionaire)

CAPEX: €1.15 bn (excluding access roads)


20

Metro Expansion in Lisbon and Oporto:

Lisbon (c.€310 mn) and Oporto (c.€365 mn) metro expansion

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)

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

Lisbon and Madeira in a more advanced stage

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

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

Madeira Hospital (€205 mn)

Mota-Engil Qualified (decision expected in 2020)


21

Africa

Highlights 2019

11 €1,007mn €2,711mn


Angola Mozambique Malawi

South Africa Zimbabwe

Uganda

Rwanda

Guinea Conakry Cameroon Ivory CoastKenya

182 164192

214

2016 2017 2018 2019

Turnover (€ mn)

26% 21%


Backlog1 (€ mn)

1Contracts already signed and financed (Dec. 2019). 2According to the UN’s report “World Economic Situation and Prospects 2020”, Mozambique’s GDP is expected to grow 5.5% and 6% in 2020 and 2021, respectively.

Attractive outlook supported by an all time high backlog value

Level of backlog: €2.7 bn (2019) and resilient EBITDA margins (21%)

Long-Term Contracts: Mozambique (LNG Project and Mining for Vale), Guinea (Ashanti Gold) and in Waste Management (Ivory Coast: 7 years Contract since Nov.18) with recurring cash flow

Long presence in Africa (since 1946) with a fully vertically integrated business, supported by astrong installed asset base

Leadership in markets such as Angola, Mozambique2 and Malawi

Focus on large infrastructure projects and expansion to Environment (Waste Management)

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

Private investments opportunities in Oil & Gas (LNG Project in Mozambique) and Mining: Awarded in 1H20 a MOF and LNG Jetty worth US$365 mn in a 50/50 partnership with Besix


21%

19%

1,706

2,604 2,758 2,711

2016 2017 2018 2019

708860 905

1,007

2016 2017 2018 2019

Project Coral South

FLNG

Mozambique

LNG

Rovuma LNG

Main consortium

partners

Exxon, Eni,

CNPC, Galp,

ENH, Kogas

Total, ENH,

Mitsui E&P

Exxon, Eni,

CNPC, Galp,

ENH, Kogas

Est. Capex (US$ bn) 7 23 23,6

Capacity (Mtpa) 3,4 12,9 15,2

EPCTechnipFMC,

JGC, Samsung

Saipem,

McDermott

International,

Chiyoda

JGC, Fluor,

TechnipFMC

StatusUnder

development

Under

development

(FID June 2019)

FID in 2021

First gas 2022 2024 2025

Source: Company data, Mozambique Governmet.

23

LatinAmerica

Mexico

Peru

Brazil

Colombia

Dominican Republic

Aruba

Panama

Highlights 2019

07 €949mn €1,448mn


44

109

140118

2016 2017 2018 2019

Mexico activity to be driven by the E&C works related to the Tourism project Costa Canuva,Energy with Fenix (Generation and Trading) and by the New 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

Turnover (€ mn)

Backlog1 (€ mn)


13%

6%

1Contracts already signed and financed (Dec. 2019). Excludes future revenues from concessions (highways).

A Regional Player and a Recognized Brand in Latam

Regional Player (5th position in the Ranking: ENR 2019)

Positive evolution in the EBITDA margin (from 6% to 12%-13%)


11%12%

Tren Maya (Railway): The Flagship Project of the six-year mandate (President Obrador):Awarded to Mota-Engil the first stretch of Tren Maya worth €636 mn (58% stake throughMota-Engil Mexico in a JV with CCCC)

Total amount: 150MMx (c. $7.4 bn)

Public Funding up to 70%

Extension: 1,500 km crossing 5 states

Construction Period: 4 Years

727

9601.069

949

2016 2017 2018 2019

1,9141,465 1,481 1,448

2016 2017 2018 2019

25

Mexico: New Infrastructure Plan (2020-2024)

26

4FinalRemarks and Outlook

28

Earnings

Release

• Healthy turnover in 2019 with focus on profitability (EBITDA margin of 15%)

• Backlog’s attractive projects in several markets with positive commercial perspectives for 2020

• Significant capex will contribute to stable cash-flow generation from long-term projects and with higher profitability

(Mining, Environment, Energy and Concessions)

• Comfortable liquid position and debt with longer maturities (average 2.5 years)

Final Remarks

28

29

Earnings

Release

• Turnover expected to grow with the E&C in Europe, Africa and Latin America accelerating its pace

• EBITDA margin to remain in line with historical levels

• Backlog to stand above €5 bn

• Capex: €200 mn-€250 mn (partially financed by pre-payments) focused in low cyclical businesses with resilient cash-flowgeneration (non-E&C)

• Focus on organic cash-flow generation

Outlook

29

Appendix

52019

74

YEARS

MARKET

CAP

€271M

Listed

since

1987

SHARE

CAPITAL

€238M

1) Source: Bloomberg (30/06/2020)

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

Treasury shares of 2.6% of share capital

Payout policy: 50%-75%

Snapshot

Share price performance1 (€)

31

FM-Soc.Controlo ; 64.97%Mutima Capital; 3.15%

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

30/0

6/20

10

30/0

6/20

11

30/0

6/20

12

30/0

6/20

13

30/0

6/20

14

30/0

6/20

15

30/0

6/20

16

30/0

6/20

17

30/0

6/20

18

30/0

6/20

19

30/0

6/20

20

Gonçalo Moura Martins

CEO

Degree in Law

With Mota-Engil since 1990, holding several management positions

José Pedro Freitas

CFO

Degree in Economics

Since 2009 in senior positions in the Group

Carlos Mota Santos

Deputy CEO

Degree in Civil Engineering

With the Group since 2006 in senior positions

Manuel Mota

CEO Europe & Africa


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

Ismael Gaspar

CEO ME Capital


With the Group for 30 years

João Parreira

CEO Latin America

Degree in Law

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

Eduardo Pimentel

HR / IT and Resources


Working in the Group for 25 years

Luís Silva

Strategic Planning and Control

Degree in Economics

With the Group for 27 years

Executive Committee

32

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 &

Companhia

and Engil

2006

Enters the

logistics

sector

through the

acquisition

of the Tertir

Group 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 &

Companhia

begins

operations in

Portugal

1994

Mota &

Companhia

diversifies its

service

offering

2005

Lists on

Euronext

Lisbon’s main

share index

Mota-Engil

SGPS

completes

€110 Mn ABB

2012

Restructures

organisational

model to

geographic

business

segments

2013

€175 Mn listed

medium-term

bonds issued

2014

Acquisition of EGF

Mota-Engil SGPS

completes €160

Mn ABB

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’s

assets sale

to Ardian

2018

Start of Operations in

Waste Management

in Ivory Coast

Enter in Oil&Gas

Maintenance 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)

33

Balance sheet

Balance sheet (€ mn)

Fixed assets 1,358 1,300 1,296 63

Financial investments 340 300 290 50

Long term receivables 190 122 117 72

Non-current Assets held for sale (net) 145 85 90 55

Working capital 115 251 199 (84)

2,148 2,057 1,992 156

Equity 328 418 447 -119

Provisions 107 98 104 3

Long term payables 500 474 486 14

Net debt 1,213 1,067 955 258

2,148 2,057 1,992 156

Dec.

19

Dec. 18

YoYJun.

19

34

Europe performance breakdown

P&L breakdown (€ mn)

Turnover 885 859 3% 479 6%

E&C 628 572 10% 345 12%

E&S 265 300 (12%) 138 (11%)

Other, elim. and interc. (7) (13) 41% (4) 51%

EBITDA 93 71 32% 52 121%

Margin 11% 8% 2 p.p. 11% 6 p.p.

E&C 31 (12) n.m. 21 n.m.

Margin 5% (2%) 6 p.p. 6% 10 p.p.

E&S 62 84 (26%) 33 (12%)

Margin 23% 28% (4 p.p.) 24% (0 p.p.)

Other, elim. and interc. - (2) n.m. (1) n.m.

2019 YoY2018 YoY2H19

35

36

· 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

37

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).

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)

Trading Generation

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

38

39

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 74.00% 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.

40

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) –

the pillars of a balanced society, capable of generating employment and wealth

while respecting nature and Human Rights – and reinforcing the commitment to

sustainability of its clients, communities and employees

António Mota, Mota-Engil’sChairman

Mota-Engil begun implementing a sustainability and social

responsibility strategy in 2006, with the first Sustainability

Report in 2007

CEO Guide to Human Rights of BCSD Portugal: Commitment to innovate in

practices aimed at improving the living conditions not only of its employees, but

also of the communities impacted by the Group’s activity

40

41

Sustainability is a priority

Portugal’s Charters of Principles: sharing

sustainability information with stakeholders;

orientation of the entire value chain according to

the principles; alignment and commitment to the

Sustainable Development Goals

Employees internal training and awareness:

sustainability as a competitiveness factor

Ethics and business conduct: Equality and Non-

Discrimination Plan, Whistleblowing and

Compliance Procedure, Code of Ethics and

Business Conduct

Manuel António da Mota Foundation:

founded in 2009 it has the mission to

contribute to the integrated development of

the communities where Mota-Engil operates in

the social, educational, cultural and

environmental fields

Strategy aligned with the United Nations 2030

Agenda for Sustainable Development with 17 SDGs

Mota-Engil México: Empresa Socialmente

Responsable

Mota-Engil Peru: ISO certification for anti-

bribery and corruption

41

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

42

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

Documents

Investor Presentation · 300 600 900 1200 1500 1800 2100 2400 2700 3000 0 50 100 150 200 250 300 350 400 450 Africa Angola Mozambique ... US$ linked and kwanzas as “cash and cash