Fluor (FLR) Investor presentation summary

Company overview and strategic positioning

• Global provider of professional and technical solutions with a 110-year heritage and operations in over 60 countries.

• 2024 revenue reached $16.3 billion, with a workforce of approximately 27,000 employees.

• Ranked #265 on the 2023 Fortune 500 list and listed on the NYSE since 1957.

• Backlog is geographically diverse (45% U.S., 55% non-U.S.) and primarily cost reimbursable (80%).

• Positioned for growth from long-term megatrends, with strong demand and a robust project pipeline.

Business segments and operational highlights

• Urban Solutions: Q4 2024 segment profit of $81M, $1.4B in new awards, and $17.7B backlog, up 20% year-over-year.

• Energy Solutions: Q4 2024 segment profit of $63M, $406M in new awards, and $7.6B backlog; LNG Canada project over 95% complete.

• Mission Solutions: Q4 2024 segment profit of $45M, $429M in new awards, and $2.7B backlog; key wins include Portsmouth extension and FEMA task orders.

• Notable project awards in pharmaceuticals, semiconductors, mining, and infrastructure, with significant opportunities in 2025.

Financial performance and capital allocation

• FY 2024 revenue was $16.3B, consolidated segment profit $635M, adjusted EBITDA $530M, and diluted adjusted EPS $2.32.

• Cash balance improved 14% to $3B; operating cash flow reached $828M, the highest since 2015.

• $125M in share repurchases in Q4 2024, with $300M planned for 2025; additional capital allocation may include dividends and acquisitions.

• Repurchased $57M of 2028 Notes; Stork UK divestiture completed; NuScale deconsolidation resulted in $1.6B pre-tax gain.