Kier Group plc

HMP Millsike Analyst and Investor Site Visit

14 May 2024

Disclaimer

No representation or warranty, express or implied, is made or given by or on behalf of Kier Group plc (the "Company" and, together with its subsidiaries and subsidiary undertakings, the "Group") or any of its directors or any other person as to the accuracy, completeness or fairness of the information contained in this presentation and no responsibility or liability is accepted for any such information. This presentation does not constitute an offer of securities by the Company and no investment decision or transaction in the securities of the Company should be made on the basis of the information contained in this presentation.

This presentation contains certain information which the Company's management believes is required to understand the performance of the Group. However, not all of the information in this presentation has been audited. Further, this presentation includes or implies statements or information that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may use forward-looking terminology, including the terms "believes", "estimates", "anticipates", "expects", "intends", "may", "will" or "should". By their nature, forward-looking statements involve risks and uncertainties and recipients are cautioned that any such forward-looking statements are not guarantees of future performance. The Company's or the Group's actual results and performance may differ materially from the impression created by the forward-looking statements or any other information in this presentation.

The Company undertakes no obligation to update or revise any information contained in this presentation, except as may be required by applicable law and regulation. Nothing in this presentation is intended to be, or intended to be construed as, a profit forecast or a guide as to the performance, financial or otherwise, of the Company or the Group whether in the current or any future financial year.

This presentation and its contents should not be distributed, published or reproduced (in whole or in part) or disclosed by recipients to any other person.

Kier Group plc HMP Millsike Site Visit - 14 May 2024

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1. Introduction

Simon Kesterton,

Chief Financial Officer, Kier Group plc

Introduction

Simon Kesterton

Chief Financial Officer, Kier Group plc

Stuart Togwell

Group Managing Director, Kier Construction

Paul Wright

Operations Director, Kier Construction

Kier Group plc HMP Millsike Site Visit - 14 May 2024

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Contents

  1. Introduction
  2. Construction Overview
  3. Alliance 4 New Prisons Programme
  4. HMP Millsike Overview
  5. Sustainability
  6. Conclusion
  7. Q&A

Kier Group plc HMP Millsike Site Visit - 14 May 2024

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Today's Agenda

11:00

Presentation

12:00

Site Visit

13:30

Lunch

14.30Departure

Kier Group plc HMP Millsike Site Visit - 14 May 2024

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Kier's Strategic Framework

Our purpose is to sustainably deliver infrastructure which is vital to the UK

PURPOSE

To sustainably deliver infrastructure

which is vital to the UK

VISION

To be the UK's leading infrastructure services and

construction company

GROUP STRATEGY

Strategic Actions

Kier

Proposition

  • key
    building
    blocks

Focus on government, regulated

or blue-chip client base

Disciplined Growth

An integrator and strategic partner

Innovation and digitalisation

Operate in business to

business markets

Consistent Delivery

Breadth, depth and diversity

of talent

A culture of Performance Excellence

Contracting

through long-term

frameworks

Generate Cash

Supply chain partnerships

Delivering sustainably

Kier Group plc HMP Millsike Site Visit - 14 May 2024

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Business Units

Construction well placed to support clients in key markets

Infrastructure Services

Transportation

Natural Resources,

Nuclear and

Networks

Design, engineering,

Design, engineering,

delivery and

delivery and

maintenance of

maintenance of projects

transportation projects in

in the nuclear, water and

the land, sea and air

energy sectors

sectors

Construction

Construction

Regional Build

Kier Places

UK national builder

Facilities

weighted towards

management and

education, health,

housing

justice and defence

maintenance

services

Property

Urban

Regeneration and

Property

Development

Mixed-used

commercial and

residential

development

business delivered through joint venture partnerships

Kier Group plc HMP Millsike Site Visit - 14 May 2024

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2. Construction Overview

Stuart Togwell,

Group Managing Director, Construction

Regional Build - Market Opportunities

UK Government social infrastructure spending focused on prisons, schools, hospitals and defence

Justice

EducationHealth

Defence

Commercial

  • 20,000 new prison places required
  • £4bn commitment over 4 years
  • C.£250m per annum of estate management
  • 500 DfE school replacement projects over 10 years
  • > 200 further free school projects approved for DfE capital funding
  • Up to £22.2bn indicative capital funding to 2030- 31 under New Hospitals Programme
  • £685 accelerated delivery fund to eliminate RAAC
  • £5.1bn Defence Estate Optimisation Portfolio
  • £400m to be spent in improving military homes
  • £650m future capital investment across UK Visiting Forces Estate in
    UK
  • Continued opportunities to work with blue chip clients on mixed-use commercial developments

Kier Group plc HMP Millsike Site Visit - 14 May 2024

Note: *As at end of FY23

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Disclaimer

Kier Group plc published this content on 14 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2024 10:13:07 UTC.