Koninklijke BAM Groep (BAMNB) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with safety instructions and acknowledgment of late arrivals; voting attendance to be confirmed at the end, including proxies.

• Meeting conducted in Dutch with English translation available; formal convening and agenda outlined, including rules for shareholder questions.

• Supervisory and Executive Board members introduced, with mention of new and absent members and digital recording of the meeting.

Financial performance review

• 2024 revenues reached nearly €6.5 billion, EBITDA €333.3 million, net result €82 million, and EBITDA margin 5.2%.

• Invesis sale impacted adjusted EBITDA and net result; additional cash from the sale contributed to a proposed €0.25 dividend.

• Order book at end of 2024 stood at €13 billion, representing about two years of income.

• First quarter of 2025 showed continued growth, with €300 million in new orders and both divisions performing above expectations.

• Solvency remained strong at 23%, above the 20% target.

Board and executive committee updates

• Ms. Hansen introduced via video as incoming Audit Committee Chair; Mr. de Pater nominated as CFO, bringing 28 years of company experience.

• Mr. Baum stepped down as Deputy Chair and Audit Committee Chair, succeeded by Ms. Hansen.

• Supervisory Board continuity and succession planning discussed, with ongoing search for new members.