Fluor : Investor Relations Presentation

Published: 2024-11-13 15:06:13 ET FLR

INVESTOR PRESENTATION

NOVEMBER 2024

SAFE HARBOR STATEMENT

This presentation contains forward-looking statements (including without limitation statements to the effect that the Company or its management "will," "believes," "expects," "plans," "intends," "continue," "anticipates," is "positioned" or other similar expressions). These forward-looking statements, including statements relating to strategic and operational plans, projected operating results, forecasts, market outlook, new awards, backlog levels, prospects, capital allocation plan and liquidity are based on current management expectations and involve risks and uncertainties. Actual results may differ materially as a result of a number of factors described in our form 10-K for the year ended December 31, 2023. Caution must be exercised in relying on these and other forward-looking statements. Additional information concerning risk factors that could affect the Company's business and financial results can also be found in the Company's public periodic filings with the Securities and Exchange Commission, including our 2023 10-K and our Form 10-Q filed on November 7, 2024. The Company disclaims any intent or obligation other than as required by law to update its forward-looking statements in light of new information or future events.

During this presentation, we may discuss certain non-GAAP financial measures including consolidated segment profit (loss), adjusted EBITDA, and adjusted EPS. Reconciliations of non-GAAP amounts to the comparable GAAP measures are reflected in our earnings release and are posted in the investor relations section of our website at investor.fluor.com. Reconciliations of forward-looking non-GAAP financial measures are not available due to the inability to reliably estimate the amounts of items excluded from such measures. Unless otherwise noted, capitalized terms used herein shall have the meanings ascribed to them in the Company's 2023 Form 10-K.

Q3 2024 INVESTOR RELATIONS

COMPANY OVERVIEW

A global, publicly traded professional and technical solutions provider

Designs and builds well-executed, capital-efficient projects for clients around the world

More than 110-year heritage delivering comprehensive solutions for clients through our business groups:

Revenue of $15.5bn for 2023

Global execution platform serving clients in over 60 countries

#265 on the 2023 FORTUNE® 500 list

~34,000 employees executing projects globally NYSE (Ticker: FLR) since 1957

CONSOLIDATED BACKLOG

Q3 2024

($ in Millions)

Non U.S.

Reimbursable

56%

80%

U.S.

Fixed

44%

20%

Geography

Contract Type

FLUOR CORPORATION HEADQUARTERS // DALLAS, TEXAS, U.S.

Q3 2024 INVESTOR RELATIONS

KEY INVESTMENT HIGHLIGHTS

Well-Positioned to Capture Growth from Long-Term Megatrends

World-class Technical Solutions and EPC Expertise Significant Market Momentum and Growth Trajectory

Global Footprint Supports Close Relationships with Blue Chip Companies Across Key End Markets

Significant Project Awards with Robust Pipeline for Growth

Backlog and Project Pipeline is Majority Cost Reimbursable

Global Industry Recognition

CNOOC WEN CHANG // HAINAN PROVINCE OF CHINA

Q3 2024 INVESTOR RELATIONS

BUSINESS GROUPS

ENERGY SOLUTIONS

URBAN SOLUTIONS

MISSION SOLUTIONS

Production & Fuels

Chemicals

Liquefied Natural Gas

LNG

Nuclear Project Services

Advanced Technologies & Life Sciences

Infrastructure

Mining & Metal

Plant & Facility Services

Maintenance Operations

TRS Staffing Solutions

Defense

Nuclear & Civil

Base Engineering &

Decontamination &

Construction

Decommissioning

Base Operations Support

Emergency Response &

Capital Projects

Recovery

Contingency Construction

Environmental

Emergency Response &

Remediation

Recovery

Laboratory Management

Facilities/Equipment

National Security

Operations & Maintenance

Nuclear New Build

Life Support & Logistics

Nuclear Operations &

Services

Management

National Security

Nuclear Power Plant

Intelligence

Support Services

Site Closure Management

Intelligence Services

Waste Management

Q3 2024 INVESTOR RELATIONS

PROFESSIONAL AND TECHNICAL SOLUTIONS

DESIGN

ENGINEERING

PROCUREMENT

FABRICATION

CONSTRUCTION

START-UP &

Advanced Process

Advanced Work

Contracts

Contractor

Construction

MAINTENANCE

SERVICES

Modeling | Conceptual

Packaging | Cost

Management |

Management | Material

Management |

Design | Estimating |

Control | Detailed

Expediting |

Control | Modular

Contractor

Commissioning |

Feasibility Studies |

Engineering |

Fabrication | Logistics |

Construction |

Management | Craft

Engineering Support |

Permitting | Process

Fabrication | Front-End

Low-Cost Country

Purchasing | Quality

Staffing & Training |

Initial Production |

Simulation | Project

Engineering | Modular

Sourcing | Materials

Control | Safety

Equipment, Tools &

Operations &

Financing | Routing |

Construction | Planning

Management |

Programs | Sourcing

Fleet Services | Field

Maintenance | Plant

Scope | Definition |

& Scheduling | Process

Purchasing

Mobilization | Modular

Readiness |

Siting |

Simulation | Safety

Requirements Planning

Construction | Project

Precommissioning |

Technology/License

Planning | Systems

| Supplier Quality |

& Program

Systems Checkout |

Evaluation

Integration

Staffing Resources |

Management | Quality

Turnover | Validation

Warehousing

Control | Rigging |

Safety Programs |

Scaffolding | Self-

Perform Construction |

WorkFace Planning

Q3 2024 INVESTOR RELATIONS

SEGMENT UPDATES

ELI LILLY & COMPANY - LEBANON PROJECT // INDIANA, U.S.

URBAN SOLUTIONS

Q3 2024 segment profit of $68 million

- Reflects increased execution activities

SEGMENT NEW AWARDS AND BACKLOG

($ in Millions)

on multiple advanced technology and life

sciences projects

Segment new awards of $828 million Segment backlog of $19.0 billion

$1,033

$828

New Awards

Q3 2023

$19,006

$11,051

Backlog

Q3 2024

OAK HILL PARKWAY // TEXAS, U.S.

Q3 2024 INVESTOR RELATIONS

URBAN SOLUTIONS

Mining & Metals

$289 million incremental award for a rare earth minerals refinery in Australia

Awarded BHP Minera Escondida

Concentrator program in Chile

QUELLAVECO OPEN PIT COPPER MINE // MOQUEGUA, PERU

Q3 2024 INVESTOR RELATIONS

URBAN SOLUTIONS

ATLS

- Opportunities in Europe and the U.S.

ELI LILLY & COMPANY - LEBANON PROJECT // INDIANA, U.S.

Q3 2024 INVESTOR RELATIONS 10

Disclaimer

Fluor Corporation published this content on November 13, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on November 13, 2024 at 20:04:52.147.