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The commitment of Webuild, new name of Salini Impregilo, in the construction of infrastructures and major works all over the world for a sustainable future.

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 Webuild, new name Salini Impregilo, for major works

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We talk about our world using all media channels

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We talk about our world using all media channels

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Great works to bring the future closer. Webuild Group, in 117 years of experience, contributed in building more than 1000 km of bridges and viaducts for more than 300 road and railway projects.

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Great works to bring the future closer. Webuild Group, in 117 years of experience, contributed in building more than 1000 km of bridges and viaducts for more than 300 road and railway projects.

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Webuild Bridges and Viaducts

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Webuild Bridges and Viaducts

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2022: we have acquired a significant volume of new orders worth a total of € 16.1 billion, of which 75% from foreign markets. Revenues: €8.2 billion (+22% compared to 2021).

FY2022 FINANCIAL RESULTS

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2022: we have acquired a significant volume of new orders worth a total of € 16.1 billion, of which 75% from foreign markets. Revenues: €8.2 billion (+22% compared to 2021).

FY2022 FINANCIAL RESULTS

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Results Centre

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Results Centre

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"Webuild + Clough": acquisition boosts Webuild presence in Australia with scale, expertise, workforce.

Combined group to rank among biggest players in Australia. Webuild reaches a total order backlog in Australia of more than €12 billion and about 3,000 employees.

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"Webuild + Clough": acquisition boosts Webuild presence in Australia with scale, expertise, workforce.

Combined group to rank among biggest players in Australia. Webuild reaches a total order backlog in Australia of more than €12 billion and about 3,000 employees.

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Webuild grows in Australia

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Webuild grows in Australia

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The new website goes live to share the ongoing activities in the Group's infrastructure sites with the respective communities, regions and the web. A journey across the country to follow live Webuild's railway construction sites of the Terzo Valico dei Giovi, the HS/HC Verona/Padua line, the Bicocca-Catenanuova railway line, as well as works on Milan's M4 Metro and Rome's Line C Metro.

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The new website goes live to share the ongoing activities in the Group's infrastructure sites with the respective communities, regions and the web. A journey across the country to follow live Webuild's railway construction sites of the Terzo Valico dei Giovi, the HS/HC Verona/Padua line, the Bicocca-Catenanuova railway line, as well as works on Milan's M4 Metro and Rome's Line C Metro.

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Transparent Construction Sites

Live Webcams from Webuild’s Italian construction sites

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Transparent Construction Sites

Live Webcams from Webuild’s Italian construction sites

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117 years of engineering experience applied in building complex infrastructural projects, working in five continents

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117 years of engineering experience applied in building complex infrastructural projects, working in five continents

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Thematic Metro M4 Dateo countdown (hp corporate)

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Linate-Dateo section is opened since november 2022. The project includes construction of a 15 kilometres long metro line with 21 stations. Once completed it will connect the city from east to west, in only 30 minutes.

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Linate-Dateo section is opened since november 2022. The project includes construction of a 15 kilometres long metro line with 21 stations. Once completed it will connect the city from east to west, in only 30 minutes.

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Milan’s M4 Metro: the new Blue Line of the metro

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Milan’s M4 Metro: the new Blue Line of the metro

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Thematic Block Premio Alberto Giovannini

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A programme dedicated to young graduates and recent graduates, and to Italian universities, to promote innovation and research in infrastructure. 2022-2023 Edition: Applications are open until April 15, 2023!

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A programme dedicated to young graduates and recent graduates, and to Italian universities, to promote innovation and research in infrastructure. 2022-2023 Edition: Applications are open until April 15, 2023!

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Premio Alberto Giovannini
An award that values talent
2022-2023 Edition: Applications are open!

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Premio Alberto Giovannini
An award that values talent
2022-2023 Edition: Applications are open!

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Build a better Future with us. Join us

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Build a better Future with us. Join us

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Thematic Block Sostenbilità Leader Mondiali

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Building top quality infrastructure, thinking of people's wellbeing is Webuild's commitment for a better world.

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Building top quality infrastructure, thinking of people's wellbeing is Webuild's commitment for a better world.

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Webuild among Italian sustainability leaders

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Webuild among Italian sustainability leaders

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Slider Video Webuild together for a sustainable tomorrow

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We are the expression of 117 years of applied engineering experience in five continents thanks to the talent of 83,000 people from over 100 nationalities.

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We are the expression of 117 years of applied engineering experience in five continents thanks to the talent of 83,000 people from over 100 nationalities.

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Webuild together for a sustainable tomorrow

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Webuild together for a sustainable tomorrow

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Using different channels to create an open, transparent dialogue

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Using different channels to create an open, transparent dialogue

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Webuild tells the story of its world through every media

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Webuild tells the story of its world through every media

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Webuild: European Parliament delegation visits Terzo Valico dei Giovi in Italy

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Webuild: European Parliament delegation visits Terzo Valico dei Giovi in Italy

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“Roma Silenziosa Bellezza”
Photo exhibit opened untill April 11, 2023

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“Roma Silenziosa Bellezza”
Photo exhibit opened untill April 11, 2023

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Webuild: three winners in second edition of UniWeLab Hackathon

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Webuild: three winners in second edition of UniWeLab Hackathon

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Webuild: Brenner Base Tunnel TBM reaches Italian-Austrian border

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Webuild: Brenner Base Tunnel TBM reaches Italian-Austrian border

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Webuild accelerates on High-Capacity rail lines in Sicily

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Webuild accelerates on High-Capacity rail lines in Sicily

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Webuild GM Massimo Ferrari: optimistic about Italy inflation, raw materials prices stabilising

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Webuild GM Massimo Ferrari: optimistic about Italy inflation, raw materials prices stabilising

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The future is now. Results at december 31, 2022 and Roadmap to 2025

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The future is now. Results at december 31, 2022 and Roadmap to 2025

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The future is now. Webuild results at december 31, 2022

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The future is now. Webuild results at december 31, 2022

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Selected disclosure for the first 9 months of 2022

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Selected disclosure for the first 9 months of 2022

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Webuild results at June 30, 2022

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Webuild results at June 30, 2022

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1H 2022 Financial Results - Presentation

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1H 2022 Financial Results - Presentation

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Selected disclosure for the first 3 months of 2022

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Selected disclosure for the first 3 months of 2022

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Webuild + Clough
Stronger together

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Webuild + Clough
Stronger together

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Webuild+Clough. Stronger together in Australia

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Webuild+Clough. Stronger together in Australia

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Webuild signed the contract to acquire Clough assets

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Webuild signed the contract to acquire Clough assets

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Statement by Webuild Ceo Pietro Salini. Acqusition of Clough assets in Australia

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Statement by Webuild Ceo Pietro Salini. Acqusition of Clough assets in Australia

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Forrestfield-Airport Link, Perth, Australia 

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Forrestfield-Airport Link, Perth, Australia 

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Lancio Videobrochure Terzo Ponte Bosforo

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Third Bosphorus Bridge (Yavuz Sultan Selim Bridge), Turkey

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Third Bosphorus Bridge (Yavuz Sultan Selim Bridge), Turkey

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Our partnership with Italian and international universities

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Our partnership with Italian and international universities

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Webuild Group Sustainability Presentation

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Webuild Group Sustainability Presentation

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Webuild launches ESG Sustainability Plan 2021-2023

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Webuild launches ESG Sustainability Plan 2021-2023

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Webuild - 2022 Story

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Webuild - 2022 Story

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Webuild Metaworlds

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Webuild Metaworlds

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Webuild: our DNA

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Webuild: our DNA

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Webuild: Our Identity Pillars

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Webuild: Our Identity Pillars

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Lancio Video Partner for a sustainable future

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Partner for a sustainable future. We Build Our Planet

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Partner for a sustainable future. We Build Our Planet

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Supply Chain: Webuild at work in Italy with 8 thousand companies

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Supply Chain: Webuild at work in Italy with 8 thousand companies

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Webuild: 115 years of infrastructure and Italian engineering for sustainable development

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Webuild: 115 years of infrastructure and Italian engineering for sustainable development

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Lancio Video 5P Sustainability Manifesto

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5P Sustainability Manifesto

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5P Sustainability Manifesto

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Webuild for Italy

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Webuild for Italy

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Webuild Search

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Webuild Search

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With our hands Webuild

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With our hands Webuild

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Webuild: The Future is now

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Webuild: The Future is now

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Webuild together for a sustainable tomorrow. Season's greeting event 2020

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Webuild together for a sustainable tomorrow. Season's greeting event 2020

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Beyond #infrastructure
A new journey through words, images, voices, videos

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Beyond #infrastructure
A new journey through words, images, voices, videos

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Video Library "A World full of stories":
a new way of narrating our works around the world

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Video Library "A World full of stories":
a new way of narrating our works around the world

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Our Articles.
A look at the latest news of the infrastructure sector

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Our Articles.
A look at the latest news of the infrastructure sector

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Webuild Podcast
Stories and personal experiences narrating the world of infrastructure

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Webuild Podcast
Stories and personal experiences narrating the world of infrastructure

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Lancio Magazine Fisia The Future of Water

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The Future of Water
The numbers and the trends of worldwide water’s use

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The Future of Water
The numbers and the trends of worldwide water’s use

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With PNRR support, project embraces challenge of sustainable mobility and decarbonisation of transportation in Europe

5,000 workers and more than 2,500 businesses involved since start of work on one of the most complex engineering projects in Europe

Project to improve competitiveness of Liguria region and Italy together with new breakwater that Webuild is to start building

GENOA, April 3, 2023 – A delegation of the European Parliament Committee on Transport and Tourism visited today the construction site of the Progetto Unico Terzo Valico dei Giovi-Nodo di Genova, a project being developed by Webuild for Rete Ferroviaria Italiana (RFI) of the Gruppo Ferrovie dello Stato Italiane with Italferr and supervised by Extraordinary Commissioner Calogero Mauceri.

Delegation members received an update on the progress of work on the challenging project under a mountain range and 600 metres below its peaks. Once completed, it will be the longest railway tunnel in Italy. A project of national significance that, together with a new breakwater (Nuova Diga Foranea) to be developed for the port of Genoa by Webuild, will redefine the position of the Liguria region and northern Italy within Europe’s logistical axis.

The delegation led by Committee Chair Karima Delli was accompanied by Edoardo Rixi, Italy’s Deputy Minister of Infrastructure and Transport; Extraordinary Commissioner Calogero Mauceri, and officials from RFI and Webuild.

The committee’s visit confirms the project’s importance beyond Italy’s borders in light of the singular challenge of decarbonising transport across the European continent. The project is also a big opportunity for the country in terms of employment and the economic impact on the region. It has employed 5,000 people directly and indirectly and more than 2,500 suppliers since the beginning of works.

The high-speed/high-capacity railway will have a combined length of 53 kilometres, 70% of which will be underground. It will cross 14 municipalities in the provinces of Genoa and Alessandria. The railway will have three tunnels, the longest being the Valico. The work that is being done on various fronts is deploying two tunneling methods: the traditional drill and blast, and the mechanised method with the use of tunnel-boring machines (TBMs). The railway will become an important part of the Rhine-Alpine Corridor of the Trans-European Transport Network (TEN-T). Travel times by train between Genoa and Milan will be reduced by 33% and is expected to contribute to the reduction of CO2 emissions by 55%.

Webuild is working on 17 projects for the TEN-T that will cover approximately 500 kilometres across Italy. The projects – engineering feats that will improve the country’s competitiveness – include the Brenner Base Tunnel, which will be the longest railway tunnel in the world; four lots of the high-speed/high-capacity rail between Naples and Bari that will reduce travel times between Campania and Puglia; and four lots for the new railway running along Palermo-Catania-Messina.

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With PNRR support, project embraces challenge of sustainable mobility and decarbonisation of transportation in Europe

5,000 workers and more than 2,500 businesses involved since start of work on one of the most complex engineering projects in Europe

Project to improve competitiveness of Liguria region and Italy together with new breakwater that Webuild is to start building

GENOA, April 3, 2023 – A delegation of the European Parliament Committee on Transport and Tourism visited today the construction site of the Progetto Unico Terzo Valico dei Giovi-Nodo di Genova, a project being developed by Webuild for Rete Ferroviaria Italiana (RFI) of the Gruppo Ferrovie dello Stato Italiane with Italferr and supervised by Extraordinary Commissioner Calogero Mauceri.

Delegation members received an update on the progress of work on the challenging project under a mountain range and 600 metres below its peaks. Once completed, it will be the longest railway tunnel in Italy. A project of national significance that, together with a new breakwater (Nuova Diga Foranea) to be developed for the port of Genoa by Webuild, will redefine the position of the Liguria region and northern Italy within Europe’s logistical axis.

The delegation led by Committee Chair Karima Delli was accompanied by Edoardo Rixi, Italy’s Deputy Minister of Infrastructure and Transport; Extraordinary Commissioner Calogero Mauceri, and officials from RFI and Webuild.

The committee’s visit confirms the project’s importance beyond Italy’s borders in light of the singular challenge of decarbonising transport across the European continent. The project is also a big opportunity for the country in terms of employment and the economic impact on the region. It has employed 5,000 people directly and indirectly and more than 2,500 suppliers since the beginning of works.

The high-speed/high-capacity railway will have a combined length of 53 kilometres, 70% of which will be underground. It will cross 14 municipalities in the provinces of Genoa and Alessandria. The railway will have three tunnels, the longest being the Valico. The work that is being done on various fronts is deploying two tunneling methods: the traditional drill and blast, and the mechanised method with the use of tunnel-boring machines (TBMs). The railway will become an important part of the Rhine-Alpine Corridor of the Trans-European Transport Network (TEN-T). Travel times by train between Genoa and Milan will be reduced by 33% and is expected to contribute to the reduction of CO2 emissions by 55%.

Webuild is working on 17 projects for the TEN-T that will cover approximately 500 kilometres across Italy. The projects – engineering feats that will improve the country’s competitiveness – include the Brenner Base Tunnel, which will be the longest railway tunnel in the world; four lots of the high-speed/high-capacity rail between Naples and Bari that will reduce travel times between Campania and Puglia; and four lots for the new railway running along Palermo-Catania-Messina.

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European Parliament delegation visits Terzo Valico dei Giovi in Italy

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European Parliament delegation visits Terzo Valico dei Giovi in Italy

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Roma. Silenziosa Bellezza - Mostra VIVE 20 gennaio - 28 febbraio 2023

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Webuild increases commitment to attract young talent to support digitalisation of infrastructure sector

GENOA, March 31, 2023 – Young talent, sustainability and innovation in infrastructure through consolidated institutional partnerships: these are the key words behind the Hackathon UniWeLab Prize, promoted by Webuild with the University of Genoa, whose second edition concluded today. In this two-day event, Webuild and the University of Genoa put to the challenge civil, construction and robotics engineering students in an innovative event regarding the digitalisation of infrastructure. The initiative is part of Webuild's collaboration with research centres and universities as it seeks to recruit young talent, which represents 44% of the Group's workforce.

Students participating in the hackathon were asked to come up with innovative ideas to make more efficient the monitoring of the progress of work on construction sites by using robotic and automated solutions. Their ideas were also to help improve safety, such as maintenance activities on large tunnel-boring machines (TBMs). The winners were Gianluca Galvagni and Mario Prato (Italy), and Baba Hadj Said (Algeria). They suggested building a digital ecosystem that would integrate various technological systems at the construction site that would be capable of “speaking” among each other and check, in a virtual environment, how work is progressing.

The Hackathon UniWeLab Prize is a further example of the link between Webuild and Genoa, the city where the Group built the Genoa San Giorgio Bridge and where it is building strategic projects for sustainable mobility like the Terzo Valico dei Giovi, which has employed 5,000 people, directly and indirectly, since it began, with more than 2,500 suppliers. Genoa is also where a new breakwater is to be built, giving work to more than 1,000 people.

UniWeLab is a joint research effort between Webuild and the University of Genoa. It is a model of open innovation, begun a few years ago with the aim of jointly bringing innovation to their respective sectors and create value for the region. The hackathon originates from this partnership.

UniWeLab is part of Webuild's training and talent attraction initiatives in Italy and abroad that provide career counselling, recruit young talent and include it at the Group's construction sites worldwide. It also offers tutoring to young employees in the sector. The Group has partnered with the Politecnico di Milano and Bocconi University in Italy. It has similar initiatives with the University of Technology Sydney and the University of Melbourne in Australia.

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Webuild increases commitment to attract young talent to support digitalisation of infrastructure sector

GENOA, March 31, 2023 – Young talent, sustainability and innovation in infrastructure through consolidated institutional partnerships: these are the key words behind the Hackathon UniWeLab Prize, promoted by Webuild with the University of Genoa, whose second edition concluded today. In this two-day event, Webuild and the University of Genoa put to the challenge civil, construction and robotics engineering students in an innovative event regarding the digitalisation of infrastructure. The initiative is part of Webuild's collaboration with research centres and universities as it seeks to recruit young talent, which represents 44% of the Group's workforce.

Students participating in the hackathon were asked to come up with innovative ideas to make more efficient the monitoring of the progress of work on construction sites by using robotic and automated solutions. Their ideas were also to help improve safety, such as maintenance activities on large tunnel-boring machines (TBMs). The winners were Gianluca Galvagni and Mario Prato (Italy), and Baba Hadj Said (Algeria). They suggested building a digital ecosystem that would integrate various technological systems at the construction site that would be capable of “speaking” among each other and check, in a virtual environment, how work is progressing.

The Hackathon UniWeLab Prize is a further example of the link between Webuild and Genoa, the city where the Group built the Genoa San Giorgio Bridge and where it is building strategic projects for sustainable mobility like the Terzo Valico dei Giovi, which has employed 5,000 people, directly and indirectly, since it began, with more than 2,500 suppliers. Genoa is also where a new breakwater is to be built, giving work to more than 1,000 people.

UniWeLab is a joint research effort between Webuild and the University of Genoa. It is a model of open innovation, begun a few years ago with the aim of jointly bringing innovation to their respective sectors and create value for the region. The hackathon originates from this partnership.

UniWeLab is part of Webuild's training and talent attraction initiatives in Italy and abroad that provide career counselling, recruit young talent and include it at the Group's construction sites worldwide. It also offers tutoring to young employees in the sector. The Group has partnered with the Politecnico di Milano and Bocconi University in Italy. It has similar initiatives with the University of Technology Sydney and the University of Melbourne in Australia.

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Webuild: three winners in second edition of UniWeLab Hackathon on innovation in sustainable mobility promoted by University of Genoa

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Webuild: three winners in second edition of UniWeLab Hackathon on innovation in sustainable mobility promoted by University of Genoa

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Webuild CEO Pietro Salini: “Brenner is a strategic project for all of Europe. The public works code finally simplifies procedure to build infrastructure more efficiently”

BOLZANO, Italy, March 30, 2023 – Webuild has achieved an important milestone on the Mules construction site on the Italian side of the Brenner Base Tunnel. The tunnel-boring machine (TBM) “Virginia” completed its excavation of the tunnel for the eastern line, arriving at the border with Austria. Present at the event to celebrate its accomplishment was Italian Minister of Infrastructure and Transport Matteo Salvini; members of the BBT Management Council Gilberto Cardola and Martin Gradnitzer; Rete Ferroviaria Italiana Chief Executive Vera Fiorani; and Webuild Chief Executive Pietro Salini.

With this milestone, Webuild has completed 91 percent of the excavations on the Mules 2-3 section, which was the most challenging part of the entire project, commissioned by BBT SE, a public limited company created to oversee the project.

“This work site, the longest railway tunnel in the world, reflects the vision of two countries – Italy and Austria – with the support of Europe for a strategic project. TBM Virginia has completed its journey, having overcome difficult conditions under the mountain. It has done its job to the satisfaction of the client, public authorities and every one of us who has remained committed to doing our respective jobs the best of way we can every single day – in safety. With the recently approved public works code – for which we thank the government - we will be able to develop in Italy other valuable projects by reducing complexities like bureaucracy that often slow down the execution of a project. This will help get the country back on its feet with the right infrastructure.

The Brenner Base Tunnel will connect Italia and Austria under the Alps, from Fortezza to Innsbruck, reducing travel times by 70 percent: from 80 minutes to 25 minutes. With its 64 kilometres in length, it will play a strategic role as a key part of the Scandinavian-Mediterranean Corridor of the Trans-European Transport Network (TEN-T). “Virginia” excavated 14 kilometres under the Alps in less than four years, its journey having begun in 2019 on the Mules work site on Italian soil. It proceeded at a daily average speed of 10.2 metres.

The Brenner Base Tunnel will be along the Munich-Verona axis, along which Webuild is working on five projects after having completed a sixth one. In addition to Mules 2-3 on the Italian side where Ghella is also taking part, Webuild is completing the Isarco River Underpass. On the Austrian side, it completed Tulfes-Pfons and begun work on Gola del Sill-Pfons. In Italy, it is working on the Fortezza-Ponte Gardena rail line and the rail bypass in Trento that will connect Fortezza and Trento.

The Brenner Base Tunnel is a great opportunity to develop the region and has served as a big source of employment and innovation for the sector. For the construction of the lots under Webuild, including the connection between Fortezza and Trento, there has been more than 1,600 jobs, direct and indirect, created, with a supply chain of more than 1,350 suppliers since the beginning of works.

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Webuild CEO Pietro Salini: “Brenner is a strategic project for all of Europe. The public works code finally simplifies procedure to build infrastructure more efficiently”

BOLZANO, Italy, March 30, 2023 – Webuild has achieved an important milestone on the Mules construction site on the Italian side of the Brenner Base Tunnel. The tunnel-boring machine (TBM) “Virginia” completed its excavation of the tunnel for the eastern line, arriving at the border with Austria. Present at the event to celebrate its accomplishment was Italian Minister of Infrastructure and Transport Matteo Salvini; members of the BBT Management Council Gilberto Cardola and Martin Gradnitzer; Rete Ferroviaria Italiana Chief Executive Vera Fiorani; and Webuild Chief Executive Pietro Salini.

With this milestone, Webuild has completed 91 percent of the excavations on the Mules 2-3 section, which was the most challenging part of the entire project, commissioned by BBT SE, a public limited company created to oversee the project.

“This work site, the longest railway tunnel in the world, reflects the vision of two countries – Italy and Austria – with the support of Europe for a strategic project. TBM Virginia has completed its journey, having overcome difficult conditions under the mountain. It has done its job to the satisfaction of the client, public authorities and every one of us who has remained committed to doing our respective jobs the best of way we can every single day – in safety. With the recently approved public works code – for which we thank the government - we will be able to develop in Italy other valuable projects by reducing complexities like bureaucracy that often slow down the execution of a project. This will help get the country back on its feet with the right infrastructure.

The Brenner Base Tunnel will connect Italia and Austria under the Alps, from Fortezza to Innsbruck, reducing travel times by 70 percent: from 80 minutes to 25 minutes. With its 64 kilometres in length, it will play a strategic role as a key part of the Scandinavian-Mediterranean Corridor of the Trans-European Transport Network (TEN-T). “Virginia” excavated 14 kilometres under the Alps in less than four years, its journey having begun in 2019 on the Mules work site on Italian soil. It proceeded at a daily average speed of 10.2 metres.

The Brenner Base Tunnel will be along the Munich-Verona axis, along which Webuild is working on five projects after having completed a sixth one. In addition to Mules 2-3 on the Italian side where Ghella is also taking part, Webuild is completing the Isarco River Underpass. On the Austrian side, it completed Tulfes-Pfons and begun work on Gola del Sill-Pfons. In Italy, it is working on the Fortezza-Ponte Gardena rail line and the rail bypass in Trento that will connect Fortezza and Trento.

The Brenner Base Tunnel is a great opportunity to develop the region and has served as a big source of employment and innovation for the sector. For the construction of the lots under Webuild, including the connection between Fortezza and Trento, there has been more than 1,600 jobs, direct and indirect, created, with a supply chain of more than 1,350 suppliers since the beginning of works.

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Webuild: Brenner Base Tunnel TBM reaches Italian-Austrian border for world’s longest rail tunnel, part of TEN-T

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Webuild: Brenner Base Tunnel TBM reaches Italian-Austrian border for world’s longest rail tunnel, part of TEN-T

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Excavations start on Fiumefreddo-Taormina/Letojanni Lot 1 section of Catania-Messina route
Webuild CEO Pietro Salini: “Building infrastructure to write the future of Sicily and southern Italy”

A new development in high-capacity rail infrastructure along the Palermo-Catania-Messina route, of which the Fiumefreddo-Taormina/Letojanni section is a part

The rail line, partly financed with PNRR funds, is strategic for connections and sustainable mobility on the island

An estimated 3,100 jobs, direct and indirect, created for the construction of four sections by Webuild along the Palermo-Messina-Catania route

TAORMINA, Italy, March 23, 2023 – Excavation work has begun at Webuild’s construction sites for the Fiumefreddo-Taormina/Letojanni section of the Palermo-Catania-Messina high-capacity railway under development in Sicily. The project aims to improve the speed and sustainability of the transport of passengers and cargo in Sicily and connect the island to the Scandinavia-Mediterranean Corridor of the Trans-European Transport Network (TEN-T). It is offering a new opportunity for the economic development of southern Italy, creating jobs along the entire supply chain. Among the participants at the ceremony were Matteo Salvini, Minister of Infrastructure and Transport, Renato Schifani, President of Region of Sicily, Filippo Palazzo, extraordinary commissioner of the project, Gruppo Ferrovie dello Stato Chief Executive Luigi Ferraris, and Webuild Chief Executive Pietro Salini.

“I see at this construction site today young people, as well as faces that I have seen before on our construction sites in northern Italy such as the Terzo Valico (dei Giovi) and the Brenner (Base Tunnel), Sicilians and people from Calabria who finally have work in their home region,” said Salini. “We have planned right here in Sicily a very modern and automated factory for precast concrete segments, an example to the world. And with FS Group (Gruppo Ferrovie dello Stato), we have the idea of setting up a plant for the reuse of TBMs that would make the most of our technological expertise that is unique in the world. Today, Webuild is the biggest tunnelling operator with 32 TBMs and we are to buy another 60. I would like this region to become a place where to make them new again, or even build them. We need to give young people not only a means of transport, but, above all, hope and a future for their own children. The challenge to connect Sicily and Calabria with a bridge over the Strait of Messina is a historic shift that gives young people a different prospect. We are a company within the national system, with the state’ participation through CDP (Cassa Depositi e Prestiti) in our capital. We have already done one of the longest bridges in the world, and we are offering our expertise to realise this dream to connect a very important region.”

The new Palermo-Catania-Messina railway, partially financed with funds from the National Recovery and Resilience Plan (PNRR in Italian), will reduce by one hour the travel time between Palermo and Catania to two hours, and by 30 minutes to 45 minutes between Messina and Catania. On Lot 1 of the Fiumefreddo-Taormina/Letojanni section, 15.4 kilometres of the line will be doubled, including the connection to the station at Letojanni. Of this total distance, 11 kilometres will be in tunnels to be excavated in part by two tunnel-boring machines (TBMs). Lot 1 will include the construction of the Taormina station, two other stops, new viaducts with one crossing the Alcantara Valley at 928 metres in length and an arch span of 120 metres.

Along the Catania-Messina part of the line, Webuild is also working on a lot for the Taormina-Giampilieri section, while on the Palermo-Catania part it is working on the Bicocca-Catenanuova section, which was recently extended to include Nuova Enna-Dittaino. On these lots alone, an estimated 3,100 direct and indirect jobs are to be created, 1,900 of which for the two Catania-Messina lots. At the moment, these sections already have created more than 800 jobs, direct and indirect, with the involvement of more than 580 suppliers who have been involved since the start of works. Half of these suppliers are based in southern Italy and the islands. The sections under construction also provide an opportunity to avoid up to 21,800 tonnes of CO2 emissions every year.

In southern Italy, Webuild is working on 16 projects that involve circa 4,400 direct and indirect workers with a supply chain of more than 3,800 businesses since the start of the works. Among them, there are four sections of the high-speed/high-capacity railway between Naples and Bari, and the Mega Lot 3 of the Ionian state road that will connect the coastal areas of the Calabria, Basilicata and Puglia regions, providing a link between the A3 highway and Puglia.

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Excavations start on Fiumefreddo-Taormina/Letojanni Lot 1 section of Catania-Messina route
Webuild CEO Pietro Salini: “Building infrastructure to write the future of Sicily and southern Italy”

A new development in high-capacity rail infrastructure along the Palermo-Catania-Messina route, of which the Fiumefreddo-Taormina/Letojanni section is a part

The rail line, partly financed with PNRR funds, is strategic for connections and sustainable mobility on the island

An estimated 3,100 jobs, direct and indirect, created for the construction of four sections by Webuild along the Palermo-Messina-Catania route

TAORMINA, Italy, March 23, 2023 – Excavation work has begun at Webuild’s construction sites for the Fiumefreddo-Taormina/Letojanni section of the Palermo-Catania-Messina high-capacity railway under development in Sicily. The project aims to improve the speed and sustainability of the transport of passengers and cargo in Sicily and connect the island to the Scandinavia-Mediterranean Corridor of the Trans-European Transport Network (TEN-T). It is offering a new opportunity for the economic development of southern Italy, creating jobs along the entire supply chain. Among the participants at the ceremony were Matteo Salvini, Minister of Infrastructure and Transport, Renato Schifani, President of Region of Sicily, Filippo Palazzo, extraordinary commissioner of the project, Gruppo Ferrovie dello Stato Chief Executive Luigi Ferraris, and Webuild Chief Executive Pietro Salini.

“I see at this construction site today young people, as well as faces that I have seen before on our construction sites in northern Italy such as the Terzo Valico (dei Giovi) and the Brenner (Base Tunnel), Sicilians and people from Calabria who finally have work in their home region,” said Salini. “We have planned right here in Sicily a very modern and automated factory for precast concrete segments, an example to the world. And with FS Group (Gruppo Ferrovie dello Stato), we have the idea of setting up a plant for the reuse of TBMs that would make the most of our technological expertise that is unique in the world. Today, Webuild is the biggest tunnelling operator with 32 TBMs and we are to buy another 60. I would like this region to become a place where to make them new again, or even build them. We need to give young people not only a means of transport, but, above all, hope and a future for their own children. The challenge to connect Sicily and Calabria with a bridge over the Strait of Messina is a historic shift that gives young people a different prospect. We are a company within the national system, with the state’ participation through CDP (Cassa Depositi e Prestiti) in our capital. We have already done one of the longest bridges in the world, and we are offering our expertise to realise this dream to connect a very important region.”

The new Palermo-Catania-Messina railway, partially financed with funds from the National Recovery and Resilience Plan (PNRR in Italian), will reduce by one hour the travel time between Palermo and Catania to two hours, and by 30 minutes to 45 minutes between Messina and Catania. On Lot 1 of the Fiumefreddo-Taormina/Letojanni section, 15.4 kilometres of the line will be doubled, including the connection to the station at Letojanni. Of this total distance, 11 kilometres will be in tunnels to be excavated in part by two tunnel-boring machines (TBMs). Lot 1 will include the construction of the Taormina station, two other stops, new viaducts with one crossing the Alcantara Valley at 928 metres in length and an arch span of 120 metres.

Along the Catania-Messina part of the line, Webuild is also working on a lot for the Taormina-Giampilieri section, while on the Palermo-Catania part it is working on the Bicocca-Catenanuova section, which was recently extended to include Nuova Enna-Dittaino. On these lots alone, an estimated 3,100 direct and indirect jobs are to be created, 1,900 of which for the two Catania-Messina lots. At the moment, these sections already have created more than 800 jobs, direct and indirect, with the involvement of more than 580 suppliers who have been involved since the start of works. Half of these suppliers are based in southern Italy and the islands. The sections under construction also provide an opportunity to avoid up to 21,800 tonnes of CO2 emissions every year.

In southern Italy, Webuild is working on 16 projects that involve circa 4,400 direct and indirect workers with a supply chain of more than 3,800 businesses since the start of the works. Among them, there are four sections of the high-speed/high-capacity railway between Naples and Bari, and the Mega Lot 3 of the Ionian state road that will connect the coastal areas of the Calabria, Basilicata and Puglia regions, providing a link between the A3 highway and Puglia.

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Webuild accelerates on High-Capacity rail lines in Sicily

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Webuild accelerates on High-Capacity rail lines in Sicily

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Interest rate effect on Bank of Italy transitory

MILAN, March 31, 2023 - "I am optimistic about Italy's inflation levels. Despite today's rebound in gas prices, the trend regarding raw materials prices has definitely stabilised, compared to what we expected six to seven months ago. The measures put in place by central banks have helped a lot. Now, we must carefully look at the stability of the financial system, in particular the U.S. one, because Europe's is definitely more stable,” said Webuild General Manager Massimo Ferrari on Menabò, a programme on Italian state broadcaster Rai Radio Uno. His comment followed Friday’s publication of data highlighting a slowing of inflation in March even though grocery prices have kept rising.

"Inflation is still being felt," continued Ferrari. "But the reduced pressure coming from raw materials as well as the actions being taken by central banks are having their effect. Looking ahead, I see positive signs. We must acknowledge what has been done by central banks as regards monetary policy."

"There's still an open issue, and this is maybe the reason for the lukewarm reaction on the part the stock market, compared with the bond market, which reacted positively today. (This issue is) the uncertainty that still remains with regards to credit in the United States. In the U.S., there are still significant stability risks. This is why the U.S. Treasury Secretary Janet Yellen spoke of the need to re-regulate the banking sector."

As regards the comment made by Bank of Italy Governor Ignazio Visco that the bank will have to face a negative gross result since the ECB’s interest rate increase has led to an immediate cost increase on its balance sheet, Ferrari said “the rise in rates has weighed on all central banks, which hold state debt whose market value has dropped. We can consider it a transitory effect that will likely correct itself next year.”

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Interest rate effect on Bank of Italy transitory

MILAN, March 31, 2023 - "I am optimistic about Italy's inflation levels. Despite today's rebound in gas prices, the trend regarding raw materials prices has definitely stabilised, compared to what we expected six to seven months ago. The measures put in place by central banks have helped a lot. Now, we must carefully look at the stability of the financial system, in particular the U.S. one, because Europe's is definitely more stable,” said Webuild General Manager Massimo Ferrari on Menabò, a programme on Italian state broadcaster Rai Radio Uno. His comment followed Friday’s publication of data highlighting a slowing of inflation in March even though grocery prices have kept rising.

"Inflation is still being felt," continued Ferrari. "But the reduced pressure coming from raw materials as well as the actions being taken by central banks are having their effect. Looking ahead, I see positive signs. We must acknowledge what has been done by central banks as regards monetary policy."

"There's still an open issue, and this is maybe the reason for the lukewarm reaction on the part the stock market, compared with the bond market, which reacted positively today. (This issue is) the uncertainty that still remains with regards to credit in the United States. In the U.S., there are still significant stability risks. This is why the U.S. Treasury Secretary Janet Yellen spoke of the need to re-regulate the banking sector."

As regards the comment made by Bank of Italy Governor Ignazio Visco that the bank will have to face a negative gross result since the ECB’s interest rate increase has led to an immediate cost increase on its balance sheet, Ferrari said “the rise in rates has weighed on all central banks, which hold state debt whose market value has dropped. We can consider it a transitory effect that will likely correct itself next year.”

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Webuild General Manager Massimo Ferrari: optimistic about Italy inflation, raw materials prices stabilising 

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Webuild General Manager Massimo Ferrari: optimistic about Italy inflation, raw materials prices stabilising 

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GROUP GROWS WITH €16.1 BILLION IN NEW ORDERS WORLDWIDE

75% OF NEW ORDERS FROM FOREIGN MARKETS; 25% IN ITALY

DERISKING PROCESS COMPLETED: €53.4 BILLION ORDER BOOK, MOSTLY IN AUSTRALIA, UNITED STATES, EUROPE, ITALY

REVENUES: €8.2 BILLION (+22% COMPARED TO 2021), OF WHICH 70% REALISED ABROAD

EBITDA1: €572 MILLION (+27% COMPARED TO 2021); EBITDA MARGIN: 7.0% (6.7% IN 2021)

EBIT1: €321 MILLION (+63% COMPARED TO 2021); EBIT MARGIN: 3.9% (3.0% IN 2021)

NET PROFIT1: €118 MILLION (+€175 MILLION COMPARED TO 2021)

POSITIVE FINANCIAL POSITION (NET CASH) OF €265 MILLION (€467 MILLION IN 2021)

PROPOSED DIVIDEND: €0.057 FOR EACH ORDINARY AND SAVINGS SHARE

****

A DECADE OF GROWTH AND TRANSFORMATION

2022 RESULTS ARE THE RESULT OF A JOURNEY THAT BEGAN 10 YEARS AGO AND WHICH HAS ENABLED US TO TRIPLE OUR REVENUES AND BACKLOG

THE GROUP AMONG THE GLOBAL LEADERS: FIRST PLAYER IN THE WATER SECTOR AND IN THE GLOBAL TOP 10 IN RAILWAY AND MOTORWAY SECTORS

MORE THAN 270 PROJECTS DELIVERED IN PAST DECADE

OVER 70,000 DIRECT AND INDIRECT JOBS CREATED OVER THE DECADE FOR A TOTAL OF 83,000 PEOPLE TODAY WORKING ON GROUP PROJECTS (16,000 OF WHICH IN ITALY)

WEBUILD A SYSTEMIC GROUP WITH MORE THAN 17,500 COMPANIES IN SUPPLY CHAIN INVOLVED IN PROJECTS

****

ROADMAP TO 2025: THE FUTURE IS NOW

ORGANIZATIONAL STRUCTURE, TECHNICAL CAPABILITIES AND ORDER BOOK ALREADY IN PLACE TO ACHIEVE ROADMAP TARGETS BY GENERATING CASH

FINANCIAL EVOLUTION (2025 TARGETS)

BOOK TO BILL: >1.1X AVERAGE FOR 2023-25 PERIOD

REVENUES: €10.5 – 11.0 BILLION TO 2025 WITH 80% OF REVENUES OVER THREE-YEAR PERIOD IN LOW-RISK COUNTRIES

EBITDA: €990 – 1,050 MILLION TO 2025

NFP: MAINTAIN POSITIVE NET FINANCIAL POSITION (NET CASH)

GROSS DEBT REDUCTION: €200 – €250 MILLION BY 2025

DIVIDEND DISTRIBUTION: €160 – €170 MILLION IN THE PERIOD 2023-25

STRATEGIC DRIVERS:

FURTHER ACCELERATION OF BUSINESS, WITH 10% ANNUAL REVENUE GROWTH; THREE-YEAR REVENUE AND EBITDA TARGETS COVERED FOR 95% BY CURRENT BACKLOG

FOCUS ON LOW-RISK COUNTRIES WITHOUT NEGLECTING OPPORTUNITIES IN NEW MARKETS AND SEGMENTS

IMPROVED OPERATING MARGINS THANKS TO NEW HIGH-QUALITY PROJECTS AND EFFICIENCY PROGRAMME FOR €230 MILLION FOR PERIOD

EARNINGS AND CASH GENERATION TO ALLOW FURTHER REDUCTION OF FINANCIAL LEVERAGE, AND DISTRIBUTION OF DIVIDENDS TO SHAREHOLDERS

INVESTMENTS IN INNOVATION, SAFETY AND ENVIRONMENT

POTENTIAL UPSIDE FROM START OF ICONIC PROJECTS SUCH AS TEXAS BULLET TRAIN, MESSINA BRIDGE AND OPERATIONAL EFFICIENCIES RELATED TO THE REORGANISATION OF SUBSIDIARIES

OUTLOOK 2023

REVENUES: €9.0 – 9.5 BILLION

EBITDA: €720 – 760 MILLION

PFN: MAINTAIN POSITIVE NET FINANCIAL POSITION (NET CASH)

****

MILAN, March 16, 2023 – The Board of Directors of Webuild (MTA: WBD) approved the consolidated financial results and the separate draft financial statements at December 31, 2022, as well as examined the “Adjusted Consolidated Data1” and the Group's strategic guidelines and economic-financial projections for 2023-2025 (“Roadmap to 2025”).

Pietro Salini, CEO of the Group: "We are particularly proud to have achieved these very challenging results, which are the crowning achievement of a strategic industrial project that inspired our actions and choices over the last 10 years, together with the 83,000 people who now work with us worldwide. We close 2022 with strong growth results and with a positioning that allows Webuild to establish itself more as a strategic interlocutor for the infrastructure sector in Italy and abroad, counting on a presence strongly anchored in low-risk markets. We have reached a greater scale that allows us to be more competitive, serving customers and local communities to deliver quality infrastructure that improves their lives such as subways, high-speed railways, dams, desalination plants, and bridges. 70% of our record turnover of 8.2 billion was achieved in countries such as Australia, the United States and Northern Europe, where we have invested in innovative technologies for sustainable and safe projects. The Roadmap to 2025 marks a new phase for Webuild and the 17,500 suppliers around the world who work with us. We aim to strengthen our partnership role with the governments in the countries where we operate to support the acceleration of the climate and energy transition in response to the megatrends taking place, such as climate change, population growth, urbanization, and resource scarcity, especially water”.

****

ADJUSTED CONSOLIDATED INCOME STATEMENT DATA AT DECEMBER 31, 20221

Adjusted Revenues amounted to €8,163 million (€6,691 million in 2021), representing year-on-year growth of €1,472 million, equal to 22%. The increase in revenue, despite the difficult macroeconomic environment and inflationary dynamics, is based on the quality of the order book, the work done in partnership with clients and the supply chain, as well as the effectiveness of contract management.

The main contributors relate to the development of operating activities in Italy, which are benefitting from the positive effects of the PNRR (National Recovery and Resilience Plan). Projects include the high-speed/high-capacity railways being built between Milan and Genoa, Naples and Bari and Verona and Padua. There are a number of major projects outside Italy, including the projects being developed by subsidiary Lane in the United States, and the Snowy 2.0 hydroelectric scheme in Australia.

Adjusted EBITDA was €572 million (€451 million in 2021), while adjusted EBIT was €321 million (€198 million in 2021). The increase in adjusted EBIT of €124 million was mainly attributable to orders that contributed mostly to production in Italy and Australia. It was also thanks to the use of “pass-through” and risk mitigation instruments in contracts with mainly public entities as counterparties.

Net Financial Costs showed net expenses of approximately €73 million compared to €92 million in 2021. This item includes:

financial charges of €213 million (€190 million), partially offset by financial income of €119 million (€88 million);

positive net exchange rate result of €20 million (positive €10 million in 2021).

Adjusted profit before tax amounted to €252 million (€80 million in 2021).

Adjusted income taxes amounted to €109 million (€111 million in 2021) and were mainly affected by the income dynamics of the subsidiaries and the different tax regimes in force in the countries where the Group operates.

Adjusted result from continuing operations was €143 million (loss of €31 million 2021).

The result from discontinued operations shows a net charge of €18 million referrable to the closure of activities outside Italy that belonged to Astaldi S.p.A. and did not fit within the Group’s commercial and industrial strategies (the “Astaldi Georgia” division, in particular).

The profit attributable to minority interests of €7 million (profit of €26 million in 2021)

The dynamics described above result in an adjusted net profit attributable to the Group of €118 million (loss of €56 million in 2021).

****

CONSOLIDATED BALANCE SHEET DATA AT DECEMBER 31, 2022

The Net Financial Position of continuing operations at December 31, 2022 was positive (net cash) and amounted to €265 million (net cash of €467 million in 2021). The marked improvement recorded in the second half of 2022 (€662 million) compared to June 30, 2022 (net cash of €397 million) reflects the acceleration of operational activities and the significant commercial results achieved by the Group also in the current financial year.

Gross debt stood at €2,619 million, down €35 million compared to December 31, 2021 (€2,655 million). As of December 31, 2022, 86% of the outstanding amount of corporate financing is at fixed interest rates with first debt maturities in the second half of 2024.

Total cash and cash equivalents of €1,921 million, of which approximately €565 million are available at the Corporate level (including the Lane subsidiary).

****

ORDER BACKLOG, NEW ORDERS AND COMMERCIAL PIPELINE

In 2022, total order backlog stood at €53.4 billion, of which €44.0 billion related to construction and €9.4 billion to concessions, and operation and maintenance. The construction backlog increased by 15% over the financial year 2021.

92% of the Group's construction backlog relates to projects linked to the advancement of the United Nations Sustainable Development Goals (SDGs). In terms of markets, the Group’s de-risking strategy saw the order backlog mainly distributed among Italy, Central and Northern European countries, the United States and Australia – countries that represent 76% of the construction backlog. The projects are in sectors related to sustainable mobility, such as rail, high-speed rail and surface transport. The following is a breakdown of the construction backlog by geographical area and business area:

Total new orders, including variation orders, amounted to approximately €16.1 billion, of which more than 80% in key markets with a low-risk profile.

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GROUP GROWS WITH €16.1 BILLION IN NEW ORDERS WORLDWIDE

75% OF NEW ORDERS FROM FOREIGN MARKETS; 25% IN ITALY

DERISKING PROCESS COMPLETED: €53.4 BILLION ORDER BOOK, MOSTLY IN AUSTRALIA, UNITED STATES, EUROPE, ITALY

REVENUES: €8.2 BILLION (+22% COMPARED TO 2021), OF WHICH 70% REALISED ABROAD

EBITDA1: €572 MILLION (+27% COMPARED TO 2021); EBITDA MARGIN: 7.0% (6.7% IN 2021)

EBIT1: €321 MILLION (+63% COMPARED TO 2021); EBIT MARGIN: 3.9% (3.0% IN 2021)

NET PROFIT1: €118 MILLION (+€175 MILLION COMPARED TO 2021)

POSITIVE FINANCIAL POSITION (NET CASH) OF €265 MILLION (€467 MILLION IN 2021)

PROPOSED DIVIDEND: €0.057 FOR EACH ORDINARY AND SAVINGS SHARE

****

A DECADE OF GROWTH AND TRANSFORMATION

2022 RESULTS ARE THE RESULT OF A JOURNEY THAT BEGAN 10 YEARS AGO AND WHICH HAS ENABLED US TO TRIPLE OUR REVENUES AND BACKLOG

THE GROUP AMONG THE GLOBAL LEADERS: FIRST PLAYER IN THE WATER SECTOR AND IN THE GLOBAL TOP 10 IN RAILWAY AND MOTORWAY SECTORS

MORE THAN 270 PROJECTS DELIVERED IN PAST DECADE

OVER 70,000 DIRECT AND INDIRECT JOBS CREATED OVER THE DECADE FOR A TOTAL OF 83,000 PEOPLE TODAY WORKING ON GROUP PROJECTS (16,000 OF WHICH IN ITALY)

WEBUILD A SYSTEMIC GROUP WITH MORE THAN 17,500 COMPANIES IN SUPPLY CHAIN INVOLVED IN PROJECTS

****

ROADMAP TO 2025: THE FUTURE IS NOW

ORGANIZATIONAL STRUCTURE, TECHNICAL CAPABILITIES AND ORDER BOOK ALREADY IN PLACE TO ACHIEVE ROADMAP TARGETS BY GENERATING CASH

FINANCIAL EVOLUTION (2025 TARGETS)

BOOK TO BILL: >1.1X AVERAGE FOR 2023-25 PERIOD

REVENUES: €10.5 – 11.0 BILLION TO 2025 WITH 80% OF REVENUES OVER THREE-YEAR PERIOD IN LOW-RISK COUNTRIES

EBITDA: €990 – 1,050 MILLION TO 2025

NFP: MAINTAIN POSITIVE NET FINANCIAL POSITION (NET CASH)

GROSS DEBT REDUCTION: €200 – €250 MILLION BY 2025

DIVIDEND DISTRIBUTION: €160 – €170 MILLION IN THE PERIOD 2023-25

STRATEGIC DRIVERS:

FURTHER ACCELERATION OF BUSINESS, WITH 10% ANNUAL REVENUE GROWTH; THREE-YEAR REVENUE AND EBITDA TARGETS COVERED FOR 95% BY CURRENT BACKLOG

FOCUS ON LOW-RISK COUNTRIES WITHOUT NEGLECTING OPPORTUNITIES IN NEW MARKETS AND SEGMENTS

IMPROVED OPERATING MARGINS THANKS TO NEW HIGH-QUALITY PROJECTS AND EFFICIENCY PROGRAMME FOR €230 MILLION FOR PERIOD

EARNINGS AND CASH GENERATION TO ALLOW FURTHER REDUCTION OF FINANCIAL LEVERAGE, AND DISTRIBUTION OF DIVIDENDS TO SHAREHOLDERS

INVESTMENTS IN INNOVATION, SAFETY AND ENVIRONMENT

POTENTIAL UPSIDE FROM START OF ICONIC PROJECTS SUCH AS TEXAS BULLET TRAIN, MESSINA BRIDGE AND OPERATIONAL EFFICIENCIES RELATED TO THE REORGANISATION OF SUBSIDIARIES

OUTLOOK 2023

REVENUES: €9.0 – 9.5 BILLION

EBITDA: €720 – 760 MILLION

PFN: MAINTAIN POSITIVE NET FINANCIAL POSITION (NET CASH)

****

MILAN, March 16, 2023 – The Board of Directors of Webuild (MTA: WBD) approved the consolidated financial results and the separate draft financial statements at December 31, 2022, as well as examined the “Adjusted Consolidated Data1” and the Group's strategic guidelines and economic-financial projections for 2023-2025 (“Roadmap to 2025”).

Pietro Salini, CEO of the Group: "We are particularly proud to have achieved these very challenging results, which are the crowning achievement of a strategic industrial project that inspired our actions and choices over the last 10 years, together with the 83,000 people who now work with us worldwide. We close 2022 with strong growth results and with a positioning that allows Webuild to establish itself more as a strategic interlocutor for the infrastructure sector in Italy and abroad, counting on a presence strongly anchored in low-risk markets. We have reached a greater scale that allows us to be more competitive, serving customers and local communities to deliver quality infrastructure that improves their lives such as subways, high-speed railways, dams, desalination plants, and bridges. 70% of our record turnover of 8.2 billion was achieved in countries such as Australia, the United States and Northern Europe, where we have invested in innovative technologies for sustainable and safe projects. The Roadmap to 2025 marks a new phase for Webuild and the 17,500 suppliers around the world who work with us. We aim to strengthen our partnership role with the governments in the countries where we operate to support the acceleration of the climate and energy transition in response to the megatrends taking place, such as climate change, population growth, urbanization, and resource scarcity, especially water”.

****

ADJUSTED CONSOLIDATED INCOME STATEMENT DATA AT DECEMBER 31, 20221

Adjusted Revenues amounted to €8,163 million (€6,691 million in 2021), representing year-on-year growth of €1,472 million, equal to 22%. The increase in revenue, despite the difficult macroeconomic environment and inflationary dynamics, is based on the quality of the order book, the work done in partnership with clients and the supply chain, as well as the effectiveness of contract management.

The main contributors relate to the development of operating activities in Italy, which are benefitting from the positive effects of the PNRR (National Recovery and Resilience Plan). Projects include the high-speed/high-capacity railways being built between Milan and Genoa, Naples and Bari and Verona and Padua. There are a number of major projects outside Italy, including the projects being developed by subsidiary Lane in the United States, and the Snowy 2.0 hydroelectric scheme in Australia.

Adjusted EBITDA was €572 million (€451 million in 2021), while adjusted EBIT was €321 million (€198 million in 2021). The increase in adjusted EBIT of €124 million was mainly attributable to orders that contributed mostly to production in Italy and Australia. It was also thanks to the use of “pass-through” and risk mitigation instruments in contracts with mainly public entities as counterparties.

Net Financial Costs showed net expenses of approximately €73 million compared to €92 million in 2021. This item includes:

financial charges of €213 million (€190 million), partially offset by financial income of €119 million (€88 million);

positive net exchange rate result of €20 million (positive €10 million in 2021).

Adjusted profit before tax amounted to €252 million (€80 million in 2021).

Adjusted income taxes amounted to €109 million (€111 million in 2021) and were mainly affected by the income dynamics of the subsidiaries and the different tax regimes in force in the countries where the Group operates.

Adjusted result from continuing operations was €143 million (loss of €31 million 2021).

The result from discontinued operations shows a net charge of €18 million referrable to the closure of activities outside Italy that belonged to Astaldi S.p.A. and did not fit within the Group’s commercial and industrial strategies (the “Astaldi Georgia” division, in particular).

The profit attributable to minority interests of €7 million (profit of €26 million in 2021)

The dynamics described above result in an adjusted net profit attributable to the Group of €118 million (loss of €56 million in 2021).

****

CONSOLIDATED BALANCE SHEET DATA AT DECEMBER 31, 2022

The Net Financial Position of continuing operations at December 31, 2022 was positive (net cash) and amounted to €265 million (net cash of €467 million in 2021). The marked improvement recorded in the second half of 2022 (€662 million) compared to June 30, 2022 (net cash of €397 million) reflects the acceleration of operational activities and the significant commercial results achieved by the Group also in the current financial year.

Gross debt stood at €2,619 million, down €35 million compared to December 31, 2021 (€2,655 million). As of December 31, 2022, 86% of the outstanding amount of corporate financing is at fixed interest rates with first debt maturities in the second half of 2024.

Total cash and cash equivalents of €1,921 million, of which approximately €565 million are available at the Corporate level (including the Lane subsidiary).

****

ORDER BACKLOG, NEW ORDERS AND COMMERCIAL PIPELINE

In 2022, total order backlog stood at €53.4 billion, of which €44.0 billion related to construction and €9.4 billion to concessions, and operation and maintenance. The construction backlog increased by 15% over the financial year 2021.

92% of the Group's construction backlog relates to projects linked to the advancement of the United Nations Sustainable Development Goals (SDGs). In terms of markets, the Group’s de-risking strategy saw the order backlog mainly distributed among Italy, Central and Northern European countries, the United States and Australia – countries that represent 76% of the construction backlog. The projects are in sectors related to sustainable mobility, such as rail, high-speed rail and surface transport. The following is a breakdown of the construction backlog by geographical area and business area:

Total new orders, including variation orders, amounted to approximately €16.1 billion, of which more than 80% in key markets with a low-risk profile.

# included[].attributes.field_title_bold.value
The future is now. Webuild results at December 31, 2022

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The future is now. Webuild results at December 31, 2022

# included[].attributes.field_textual_content.value
Webuild: extraordinary growth in new orders. 2022 guidance confirmed

Orders acquired and to be finalised total €13.1 billion, double 2022 target; record two-year period with over €24 billion in new orders

86% of order intake in key low-risk markets such as Australia, Europe, Italy and North America

Central role in PNRR involving 16,000 people and supply chain of 8,500 companies in Italy

Further €15 billion of PNRR projects expected to be tendered by 2023

2022 guidance confirmed

Group workforce reaches 80,000; 12,000 new hires in first nine months of year

Further strategic development: conditional agreement to acquire Australia’s Clough to use as platform in market with strong growth prospects

****
MILAN, November 10, 2022 – The Board of Directors of Webuild (Euronext Milan: WBD) examined today the following data and information relating to the business evolution since the start of 2022.

****

Webuild's commercial activity during 2022 has marked another positive year, following the results achieved in 2021. It reflects the Group's resilience in a difficult macroeconomic scenario in an industry that is highly exposed to long-term growth drivers related to megatrends taking place globally, such as climate change, population growth, urbanisation and resource scarcity. These megatrends are profoundly changing people's needs, influencing the priorities of clients - mainly public entities - and investors.

New orders acquired and to be finalised - including projects for which Webuild is the highest bidder - since the beginning of the year, reach a record total value of €13.1 billion. The orders include complex projects with a major impact on the communities they serve, such as a road system between Bergen and the island of Sotra in Norway; the A303 Road near Stonehenge in the United Kingdom; and the Inland Rail project in Australia. These projects - as well as others awarded in North America, Australia and countries in Central and Northern Europe that account for approximately 86% of the total order intake - once again highlight the Group's commitment to operating in low-risk countries.

In Italy, there has been an acceleration in the opening of tenders for projects funded by the Piano Nazionale di Ripresa e Resilienza (PNRR) (National Plan for Recovery and Resilience). In the second half of the year, Webuild won projects, including the Nuova Enna-Dittaino section of the Palermo-Catania high-capacity railway line for €616 million, and a new breakwater for the Port of Genoa valued in the client’s budget at a combined €928 million to facilitate the access of the latest generation of large container ships. A further €15 billion worth of projects included in the PNRR are expected to go out to tender by 2023. The country remains central to Webuild's growth strategy, with 29 current work sites, involving 16,000 people and a supply chain of more than 8,500 companies.

The latest example of Webuild’s focus on low-risk countries is the recent announcement of a conditional agreement to acquire Clough of Australia, the second largest market for the Group after Italy with €8.9 billion in backlog orders, including projects for which Webuild is the preferred bidder as of October 30, 2022. This dynamic market has seen Webuild build iconic projects, such as the Perth Airport Line, previously known as the Forrestfield-Airport Link, which was opened by Australian Prime Minister Anthony Albanese on October 9, 2022.

The significant order backlog from low-risk countries, the consolidation of the Webuild’s leadership in the domestic market, and record new orders enable the Group to confirm its 2022 guidance.

****

NEW ORDERS

New orders acquired and to be finalised amounted to approximately €13.1 billion year-to-date, including projects for which Webuild was the best bidder for €5.1 billion. About 86% of new orders come from low-risk markets such as Australia, Europe and North America.

The following is a selection of the new orders received so far this year:

Inland Rail PPP, Australia: design and build a section between Gowrie and Kagaru of the 1,700-kilometre Inland Rail project to connect Brisbane to Melbourne. The public-private partnership contract is worth more than AU$5 billion (€3.27 billion), of which approximately €1.3 billion is attributable to Webuild. It includes a maintenance concession for 25 years following completion of the work. Webuild and its Regionerate Rail consortium partners are the preferred bidders.

Sydney Metro-Western Sydney Airport Line, Australia: the Stations, Systems, Trains, Operations and Maintenance (SSTOM) Package of the urban rail line. The Parklife Metro consortium, within which Webuild has a 78% stake in the design-and-construction joint-venture, is the preferred bidder.

Sotra Connection PPP, Norway: finance, design, build and maintain a network of roads, tunnels and bridges between Bergen and the island of Sotra. The public-private partnership (PPP) contract, with a combined total value of NOK 19.8 billion (€2.0 billion) - more than €1 billion of which for design and construction - is the largest transport contract in Norwegian history. Webuild has a 35% stake in the international consortium responsible for the design and construction of the project, and a 10% stake in the project company that will also be responsible for Operation & Maintenance. The project is being implemented on behalf of the Norwegian Public Roads Administration (NPRA);

A303 – Stonehenge, United Kingdom: improve the A303 trunk road and excavate a tunnel near Stonehenge between Amesbury and Berwick Down in southern England. The aim is to safeguard the UNESCO World Heritage site from the impact of traffic. Commissioned by National Highways, the contract of about £1.25 billion (€1.5 billion) will be developed by the MORE consortium in which Webuild has a 42.5% stake;

Lot 3 of Sibiu-Pitesti Highway, Romania: construction of the most complex part of the future Sibiu – Pitesti highway for 37.4 kilometres, of which 12.5 kilometres will include bridges and viaducts, and a 1.7-kilometre-long twin tunnel. Commissioned by Compagnia Nationala de Administrare a Infrastructurii Rutiere (CNAIR) on behalf of the Romania’s transport and infrastructure ministry, the work will be done by a consortium led by Webuild with a 90% stake. The project, worth more than €1 billion, will be 85% financed by the European Union and the remaining 15% by state funds;

Genoa Breakwater, Italy: build the offshore breakwater in the Port of Genoa, a unique project due to its scale and engineering complexity. Commissioned by the Western Ligurian Sea Port Authority, the contract is valued in the client’s budget at a combined €928 million. Webuild leads the consortium with a 40% stake;

Diriyah Square - Package 2 Super-Basement Works, Saudi Arabia: build a multi-storey mega car park for 10,500 vehicles in Riyadh in a contract worth approximately €840 million. The three‐storey underground area will have a total built-up area of nearly 1.0 million square metres. Commissioned by the Diriyah Gate Development Authority, it will create more than 9,000 jobs;

Palermo – Catania High Capacity Railway, Italy: design and build of the Nuova Enna-Dittaino section of the Palermo–Catania rail line. Commissioned by Rete Ferroviaria Italiana (RFI), the contract worth approximately €616 million, will be developed by Webuild as consortium leader with a 70% stake;

Cluj – Napoca - Episcopia Bihor Railway, Romania: design and build Lot 4 (the section between Aleşd and the Hungarian border) of the railway that will connect Cluj-Napoca and Episcopia Bihor. Commissioned by CFR, Romania’s national railway company, the project, worth approximately €490 million, will be financed by the European Union via the country’s National Recovery and Resilience Plan. Webuild is the leader of the construction consortium (50% share). The award will become effective upon the outcome of all checks in the tender procedure;

Ontario Line – Lotto RSSOM, Canada: design, build and maintain the rails, signaling, communication and safety systems of the new Ontario Line in Toronto. The PPP project has Webuild with an estimated €450-million stake in the joint-venture responsible for the civil works, and a 10% stake in the Connect 6ix project company. Financial close is expected later this year.

Tyndall Air Force Base, United States: design and build roads, car parks, electrical systems and other infrastructure for the reconstruction of the Tyndall Air Force Base in Panama City, Florida. Commissioned by the U.S. Army Corps of Engineers (USACE), the contract is worth $357 million (€340 million) and is 100% owned by Lane, Webuild’s U.S. subsidiary.

Caransebes – Timişoara – Arad Railway, Romania: design and modernisation works on approximately 14 kilometres of railway between Timişoara East and Ronat (Lot 3) in western Romania. Commissioned by Compania Naţională de Căi Ferate CFR SA, the €291-million contract will be carried out by a consortium with Webuild as leader at 72.1% and Salcef at 27.9%.

Mainline Turnpike, United States: widening and upgrading the safety levels of an 11-kilometre section of the Mainline Turnpike, one of Florida's major highway arteries in the country. Commissioned by Florida's Turnpike Enteprise (FDOT), the contract worth $233 million (€212 million) is 100% owned by Lane.

I-275/I-4 Downtown Interchange, United States: design and build to improve traffic flow and safety on the I-275/I-4 Downtown Interchange in Tampa, Florida. Commissioned by the Florida Department of Transportation (FDOT), the contract worth $223 million (€212 million) is 100% owned by Lane.

Water Treatment Plants, Paraguay: construction of three water treatment plants for a cellulose facility on the Paraguay River near Concepción. The contract, commissioned by Paracel S.A, worth $144 million (approximately €144 million) was won by subsidiary Fisia Italimpianti. Work is scheduled to start in the first half of 2023.

****

COMMERCIAL PIPELINE

The overall pipeline of Webuild’s commercial activities amounts to approximately €45.2 billion, including tenders presented and awaiting outcome for approximately €11.3 billion. Below is a breakdown of the commercial pipeline by category and geography:

Webuild continues to monitor its core markets - namely Central and Northern Europe, Australia and North America - all of which have major infrastructure investment programmes. These markets account for about 75% of the Group's total commercial pipeline.

****

CLOUGH LIMITED (“CLOUGH”) ACQUISITION

On November 8, 2022, Webuild announced a conditional agreement with Murray & Roberts to acquire Clough, a subsidiary in Australia.

One of Australia’s leading engineering and construction companies, Clough provides sustainable and innovative solutions in the design, construction and maintenance of plants and infrastructure in the energy, resources and infrastructure sectors. It holds €4.8 billion in order backlog and preferred bids, revenues of €1 billion, and a financial debt-free balance sheet for the 2022 fiscal year. The operation is strategic for Webuild as it would strengthen its presence in the country by providing it with greater scale, skills and workforce. It would also allow for significant operational and commercial synergies.

The agreement is subject to the positive outcome of Webuild’s due diligence of Clough, whose agreed scope will address standard legal, accounting, tax and operational matters, as well as review the economic and financial forecasts made available to Webuild pending the negotiation of the transaction. For further information, please refer to (cf. press release of November 8, 2022).

****

OUTLOOK

Since the beginning of the year, Webuild has demonstrated resilience and robustness despite geopolitical tensions and the increase in raw materials prices.

In order to address inflationary pressures, the Group uses risk mitigation clauses in contracts drawn up according to the International Federation of Consulting Engineers (FIDIC). In Italy, the “Decreto Aiuti ” issued by the government has allocated more than €11 billion until 2027 to compensate for cost increases to support current projects and new tenders.

Net of any unforeseeable events, Webuild confirms its financial outlook for 2022 in light of the progress made in the execution of current projects, the significant order backlog and the growing demand in core markets for sustainable infrastructure:

Book-to-bill: average >1.0x in the 2022-24 period;

Revenues: €7.0 -7.5 billion, fully covered by current backlog;

EBITDA margin: 7-7.5%, supported by the cost-efficiency programme;

Positive net financial position (net cash)

****

Disclaimer
This press release contains forward-looking statements. These statements are based on current expectations and projections of the Group regarding future events and, by their very nature, are exposed to inherent risks and uncertainties. These statements relate to events and depend on circumstances that may or may not occur or exist in the future. Accordingly, readers should not to place undue reliance on them. Actual results may differ materially from those stated due to multiple factors, including: the volatility and deterioration of capital and financial markets, changes in commodity prices, changes in macroeconomic conditions and economic growth and other changes in business conditions, changes in atmospheric conditions, floods, earthquakes or other natural disasters, changes in the regulatory and institutional framework (both in Italy and abroad), production difficulties, including constraints on the use of plants and supplies and many other risks and uncertainties, most of which are outside the Group's control.Questo comunicato stampa contiene dichiarazioni previsionali ("forward-looking statements").

# included[].attributes.field_textual_content.processed
Webuild: extraordinary growth in new orders. 2022 guidance confirmed

Orders acquired and to be finalised total €13.1 billion, double 2022 target; record two-year period with over €24 billion in new orders

86% of order intake in key low-risk markets such as Australia, Europe, Italy and North America

Central role in PNRR involving 16,000 people and supply chain of 8,500 companies in Italy

Further €15 billion of PNRR projects expected to be tendered by 2023

2022 guidance confirmed

Group workforce reaches 80,000; 12,000 new hires in first nine months of year

Further strategic development: conditional agreement to acquire Australia’s Clough to use as platform in market with strong growth prospects

****
MILAN, November 10, 2022 – The Board of Directors of Webuild (Euronext Milan: WBD) examined today the following data and information relating to the business evolution since the start of 2022.

****

Webuild's commercial activity during 2022 has marked another positive year, following the results achieved in 2021. It reflects the Group's resilience in a difficult macroeconomic scenario in an industry that is highly exposed to long-term growth drivers related to megatrends taking place globally, such as climate change, population growth, urbanisation and resource scarcity. These megatrends are profoundly changing people's needs, influencing the priorities of clients - mainly public entities - and investors.

New orders acquired and to be finalised - including projects for which Webuild is the highest bidder - since the beginning of the year, reach a record total value of €13.1 billion. The orders include complex projects with a major impact on the communities they serve, such as a road system between Bergen and the island of Sotra in Norway; the A303 Road near Stonehenge in the United Kingdom; and the Inland Rail project in Australia. These projects - as well as others awarded in North America, Australia and countries in Central and Northern Europe that account for approximately 86% of the total order intake - once again highlight the Group's commitment to operating in low-risk countries.

In Italy, there has been an acceleration in the opening of tenders for projects funded by the Piano Nazionale di Ripresa e Resilienza (PNRR) (National Plan for Recovery and Resilience). In the second half of the year, Webuild won projects, including the Nuova Enna-Dittaino section of the Palermo-Catania high-capacity railway line for €616 million, and a new breakwater for the Port of Genoa valued in the client’s budget at a combined €928 million to facilitate the access of the latest generation of large container ships. A further €15 billion worth of projects included in the PNRR are expected to go out to tender by 2023. The country remains central to Webuild's growth strategy, with 29 current work sites, involving 16,000 people and a supply chain of more than 8,500 companies.

The latest example of Webuild’s focus on low-risk countries is the recent announcement of a conditional agreement to acquire Clough of Australia, the second largest market for the Group after Italy with €8.9 billion in backlog orders, including projects for which Webuild is the preferred bidder as of October 30, 2022. This dynamic market has seen Webuild build iconic projects, such as the Perth Airport Line, previously known as the Forrestfield-Airport Link, which was opened by Australian Prime Minister Anthony Albanese on October 9, 2022.

The significant order backlog from low-risk countries, the consolidation of the Webuild’s leadership in the domestic market, and record new orders enable the Group to confirm its 2022 guidance.

****

NEW ORDERS

New orders acquired and to be finalised amounted to approximately €13.1 billion year-to-date, including projects for which Webuild was the best bidder for €5.1 billion. About 86% of new orders come from low-risk markets such as Australia, Europe and North America.

The following is a selection of the new orders received so far this year:

Inland Rail PPP, Australia: design and build a section between Gowrie and Kagaru of the 1,700-kilometre Inland Rail project to connect Brisbane to Melbourne. The public-private partnership contract is worth more than AU$5 billion (€3.27 billion), of which approximately €1.3 billion is attributable to Webuild. It includes a maintenance concession for 25 years following completion of the work. Webuild and its Regionerate Rail consortium partners are the preferred bidders.

Sydney Metro-Western Sydney Airport Line, Australia: the Stations, Systems, Trains, Operations and Maintenance (SSTOM) Package of the urban rail line. The Parklife Metro consortium, within which Webuild has a 78% stake in the design-and-construction joint-venture, is the preferred bidder.

Sotra Connection PPP, Norway: finance, design, build and maintain a network of roads, tunnels and bridges between Bergen and the island of Sotra. The public-private partnership (PPP) contract, with a combined total value of NOK 19.8 billion (€2.0 billion) - more than €1 billion of which for design and construction - is the largest transport contract in Norwegian history. Webuild has a 35% stake in the international consortium responsible for the design and construction of the project, and a 10% stake in the project company that will also be responsible for Operation & Maintenance. The project is being implemented on behalf of the Norwegian Public Roads Administration (NPRA);

A303 – Stonehenge, United Kingdom: improve the A303 trunk road and excavate a tunnel near Stonehenge between Amesbury and Berwick Down in southern England. The aim is to safeguard the UNESCO World Heritage site from the impact of traffic. Commissioned by National Highways, the contract of about £1.25 billion (€1.5 billion) will be developed by the MORE consortium in which Webuild has a 42.5% stake;

Lot 3 of Sibiu-Pitesti Highway, Romania: construction of the most complex part of the future Sibiu – Pitesti highway for 37.4 kilometres, of which 12.5 kilometres will include bridges and viaducts, and a 1.7-kilometre-long twin tunnel. Commissioned by Compagnia Nationala de Administrare a Infrastructurii Rutiere (CNAIR) on behalf of the Romania’s transport and infrastructure ministry, the work will be done by a consortium led by Webuild with a 90% stake. The project, worth more than €1 billion, will be 85% financed by the European Union and the remaining 15% by state funds;

Genoa Breakwater, Italy: build the offshore breakwater in the Port of Genoa, a unique project due to its scale and engineering complexity. Commissioned by the Western Ligurian Sea Port Authority, the contract is valued in the client’s budget at a combined €928 million. Webuild leads the consortium with a 40% stake;

Diriyah Square - Package 2 Super-Basement Works, Saudi Arabia: build a multi-storey mega car park for 10,500 vehicles in Riyadh in a contract worth approximately €840 million. The three‐storey underground area will have a total built-up area of nearly 1.0 million square metres. Commissioned by the Diriyah Gate Development Authority, it will create more than 9,000 jobs;

Palermo – Catania High Capacity Railway, Italy: design and build of the Nuova Enna-Dittaino section of the Palermo–Catania rail line. Commissioned by Rete Ferroviaria Italiana (RFI), the contract worth approximately €616 million, will be developed by Webuild as consortium leader with a 70% stake;

Cluj – Napoca - Episcopia Bihor Railway, Romania: design and build Lot 4 (the section between Aleşd and the Hungarian border) of the railway that will connect Cluj-Napoca and Episcopia Bihor. Commissioned by CFR, Romania’s national railway company, the project, worth approximately €490 million, will be financed by the European Union via the country’s National Recovery and Resilience Plan. Webuild is the leader of the construction consortium (50% share). The award will become effective upon the outcome of all checks in the tender procedure;

Ontario Line – Lotto RSSOM, Canada: design, build and maintain the rails, signaling, communication and safety systems of the new Ontario Line in Toronto. The PPP project has Webuild with an estimated €450-million stake in the joint-venture responsible for the civil works, and a 10% stake in the Connect 6ix project company. Financial close is expected later this year.

Tyndall Air Force Base, United States: design and build roads, car parks, electrical systems and other infrastructure for the reconstruction of the Tyndall Air Force Base in Panama City, Florida. Commissioned by the U.S. Army Corps of Engineers (USACE), the contract is worth $357 million (€340 million) and is 100% owned by Lane, Webuild’s U.S. subsidiary.

Caransebes – Timişoara – Arad Railway, Romania: design and modernisation works on approximately 14 kilometres of railway between Timişoara East and Ronat (Lot 3) in western Romania. Commissioned by Compania Naţională de Căi Ferate CFR SA, the €291-million contract will be carried out by a consortium with Webuild as leader at 72.1% and Salcef at 27.9%.

Mainline Turnpike, United States: widening and upgrading the safety levels of an 11-kilometre section of the Mainline Turnpike, one of Florida's major highway arteries in the country. Commissioned by Florida's Turnpike Enteprise (FDOT), the contract worth $233 million (€212 million) is 100% owned by Lane.

I-275/I-4 Downtown Interchange, United States: design and build to improve traffic flow and safety on the I-275/I-4 Downtown Interchange in Tampa, Florida. Commissioned by the Florida Department of Transportation (FDOT), the contract worth $223 million (€212 million) is 100% owned by Lane.

Water Treatment Plants, Paraguay: construction of three water treatment plants for a cellulose facility on the Paraguay River near Concepción. The contract, commissioned by Paracel S.A, worth $144 million (approximately €144 million) was won by subsidiary Fisia Italimpianti. Work is scheduled to start in the first half of 2023.

****

COMMERCIAL PIPELINE

The overall pipeline of Webuild’s commercial activities amounts to approximately €45.2 billion, including tenders presented and awaiting outcome for approximately €11.3 billion. Below is a breakdown of the commercial pipeline by category and geography:

Webuild continues to monitor its core markets - namely Central and Northern Europe, Australia and North America - all of which have major infrastructure investment programmes. These markets account for about 75% of the Group's total commercial pipeline.

****

CLOUGH LIMITED (“CLOUGH”) ACQUISITION

On November 8, 2022, Webuild announced a conditional agreement with Murray & Roberts to acquire Clough, a subsidiary in Australia.

One of Australia’s leading engineering and construction companies, Clough provides sustainable and innovative solutions in the design, construction and maintenance of plants and infrastructure in the energy, resources and infrastructure sectors. It holds €4.8 billion in order backlog and preferred bids, revenues of €1 billion, and a financial debt-free balance sheet for the 2022 fiscal year. The operation is strategic for Webuild as it would strengthen its presence in the country by providing it with greater scale, skills and workforce. It would also allow for significant operational and commercial synergies.

The agreement is subject to the positive outcome of Webuild’s due diligence of Clough, whose agreed scope will address standard legal, accounting, tax and operational matters, as well as review the economic and financial forecasts made available to Webuild pending the negotiation of the transaction. For further information, please refer to (cf. press release of November 8, 2022).

****

OUTLOOK

Since the beginning of the year, Webuild has demonstrated resilience and robustness despite geopolitical tensions and the increase in raw materials prices.

In order to address inflationary pressures, the Group uses risk mitigation clauses in contracts drawn up according to the International Federation of Consulting Engineers (FIDIC). In Italy, the “Decreto Aiuti ” issued by the government has allocated more than €11 billion until 2027 to compensate for cost increases to support current projects and new tenders.

Net of any unforeseeable events, Webuild confirms its financial outlook for 2022 in light of the progress made in the execution of current projects, the significant order backlog and the growing demand in core markets for sustainable infrastructure:

Book-to-bill: average >1.0x in the 2022-24 period;

Revenues: €7.0 -7.5 billion, fully covered by current backlog;

EBITDA margin: 7-7.5%, supported by the cost-efficiency programme;

Positive net financial position (net cash)

****

Disclaimer
This press release contains forward-looking statements. These statements are based on current expectations and projections of the Group regarding future events and, by their very nature, are exposed to inherent risks and uncertainties. These statements relate to events and depend on circumstances that may or may not occur or exist in the future. Accordingly, readers should not to place undue reliance on them. Actual results may differ materially from those stated due to multiple factors, including: the volatility and deterioration of capital and financial markets, changes in commodity prices, changes in macroeconomic conditions and economic growth and other changes in business conditions, changes in atmospheric conditions, floods, earthquakes or other natural disasters, changes in the regulatory and institutional framework (both in Italy and abroad), production difficulties, including constraints on the use of plants and supplies and many other risks and uncertainties, most of which are outside the Group's control.Questo comunicato stampa contiene dichiarazioni previsionali ("forward-looking statements").

# included[].attributes.field_title_bold.value
Selected disclosure for the first 9 months of 2022

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Selected disclosure for the first 9 months of 2022

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EXCELLENT COMMERCIAL PERFORMANCE AND SOLID FINANCIAL RESULTS, AHEAD OF SCHEDULE, HIGHLIGHT GROUP'S RESILIENCE

2022 OUTLOOK CONFIRMED

ORDER BACKLOG GROWING TO OVER €47 BILLION; COVERING APPROXIMATELY 95% OF 2022-2024 REVENUES

€8.1 BILLION OF NEW ORDERS ACQUIRED SO FAR THIS YEAR, FOCUS ON LOW-RISK MARKETS SUCH AS EUROPE, AUSTRALIA, NORTH AMERICA; 2022 FULL YEAR ORDER INTAKE TARGET BEATEN

ECONOMIC AND FINANCIAL RESULTS CONTINUE TO GROW:

REVENUES1: €3.9 BILLION (+24% VS FIRST HALF 2021); 72% OF REVENUES FROM ABROAD, 28% IN ITALY

EBITDA1: €251 MILLION (+33% VS FIRST HALF 2021); EBITDA MARGIN: 6.5% (6.0% IN FIRST HALF 2021)

NET PROFIT1: €64 MILLION (+€103 MILLION VS FIRST HALF 2021)

NET DEBT: €397 MILLION (€540 MILLION IN FIRST HALF 2021)

80,000 EMPLOYEES GLOBALLY, OF WHICH 45% UNDER 35 YEARS

CO2 EMISSIONS REDUCTION TARGET APPROVED BY SCIENCE BASED TARGETS INIZIATIVE (SBTI)

GROUP CONFIRMS COMMITMENT TO WORKER SAFETY

MILAN, July 29, 2022 – The Board of Directors of Webuild (Euronext Milan: WBD) approved yesterday the consolidated half-year financial report at June 30, 2022 and examined the “adjusted consolidated data”1 for the purpose of a better comparison on a homogenous base.

****

Webuild’s results for the first half of the year confirm the Group’s strong resilience in a complex international scenario, accompanied by strong inflationary pressures.

New contracts acquired or for which the Group has been identified as best bidder total €8.1 billion since the beginning of the year. The contracts include projects with a high engineering component and a strategic value for the regions where they are to be developed, such as a section of the Inland Rail project in Australia and the A303 trunk road and tunnel near Stonehenge in the United Kingdom, which will benefit from the Group’s track record in safeguarding archeological sites.

At June 30, 2022, the total order backlog stands at €47.2 billion, €38.5 billion of which relate to construction projects that cover 95% of revenue targets for the 2022-2024 period. Approximately 74% of the backlog comes from low-risk markets, such as Italy, Central and Northern European countries, the United States and Australia.

In Italy, where Webuild is the main market player thanks also to Progetto Italia, approximately €16 billion of additional investments in large-scale public works are expected to be financed by the National Plan for Recovery and Resilience (PNRR), of which €2.7 billion worth of tenders are already underway.

The quality of the order backlog, the partnerships developed with clients and suppliers, the efficient management of both contracts and the supply chain, as well as the on-going cost-savings plan ensured the Group’s resilience and growth despite the onset of inflationary pressures. At the operational level, the Group recorded a robust performance, closing the first half of the year with higher results. Revenues grew by 24% to €3.9 billion; EBITDA rose by 33% to €251 million. Over 80% of revenues were generated in geographical areas such as Italy, Central and Northern European countries, the United States and Australia, as a result of the de-risking strategy pursued in recent years.

Webuild is also well positioned to face rising interest rates. In January, it placed its first €400 million “Sustainability Linked Bond” optimising the structure of its corporate debt. It extended the average maturity with more than 90% of its total debt with expiry dates occurring from 2024. It also increased to more than 85% the part of its debt set at fixed rates.

Webuild has continued to develop new businesses, including road maintenance and the “Acqua per la vita” (Water for Life) project. In light of the water crisis in Italy, Webuild is promoting a project to build in the short-term desalination plants for the production of potable water from sea water. As of today, potable water produced by desalination plants represents only 4% of the total volume of water consumed in Italy. Nine cities are obliged to impose water rationing, while 32% of the country’s population suffers from potable water shortages. Following the example of Spain, where 56% of the total volume of water consumed comes from desalinated plants, Webuild, with its subsidiary Fisia Italimpianti, is offering its know-how to help manage funds allocated for the supply and management of water resources.

In light of the strong results achieved in the first half of the year, the solid order backlog and the commercial positioning in low-risk markets, paired with a strong leadership in the domestic market, the Group confirms the targets it set for the 2022-2024 period.

Webuild also renews its commitment to support technological innovation, job creation and the recruitment of young people – all of which serve as strategic drivers behind the Group's sustainable growth.

****

PROGRESS ON ESG TARGETS FOR 2022-24

ESG principles have been wholly incorporated into the Group’s commercial strategy, its organisation and operational processes, as confirmed by the numerous ESG ratings assigned by leading international agencies, among other indicators.

In the first half of 2022, Webuild was confirmed in the Sustainability Leaders 2022 ranking compiled by Italian newspaper Il Sole 24 Ore and analytics firm Statista, as well as in the European Climate Leaders 2022 ranking, made by Statista in collaboration with the Financial Times. In addition, Webuild joined the "Leaders" of the Integrated Governance Index 2022 that measures the ESG governance practices of leading Italian companies on an annual basis.

Webuild’s path to decarbonisation continues. In the 2019-2021 period, greenhouse gas emissions were reduced by 336,000 tons, taking into account both emissions from activities at construction sites and locations (Scope 1 and 2), and emissions from supply chain activities (Scope 3). Demonstrating its commitment to fight climate change, Webuild obtained approval for its new CO2 emissions reduction targets from the Science Based Targets initiative (SBTi), a partnership among CDP (formerly the Carbon Disclosure Project) and the United Nations Global Compact (UNGC), among others. The approval confirms the Group’s approach, which aims to reduce Scope 1 and 2 emissions by 47%, and Scope 3 emissions by 15% by 2030 from a 2019 baseline.

A commitment to guarantee the best health and safety conditions remains at the heart of the Group's strategy. The accident frequency index (LTIFR) decreased by more than 35% in the first half of the year compared to the 2017 baseline, in line with the -40% target set for the end of the year. This important result is due to a constant investment in programmes dedicated to developing a safety culture in every workplace, such as the award-winning Safety Builders Program, which in the first half of 2022 exceeded 10,000 people on construction sites. Alongside this important initiative, there is also a greater effort to develop innovative solutions capable of improving - through the increasingly pervasive use of technology - the safety of plants, machinery and work areas most at risk. The solutions include “immersive” training for workers with the use of 3D simulators in virtual reality.

Innovation does not only concern safety, but the entire spectrum of the company's activities. Over the last five years, more than €110 million have been invested in innovation, research and development, with an average of 290 employees engaged in these activities every year. During the same period, more than 100 innovative solutions have been developed to support the entire business cycle: from the planning phase and the methods and materials used during construction, to applications for Health & Safety and the digitalisation of work sites. Many innovations developed in recent years have had the aim of reaching decarbonisation targets, allowing for a reduction in energy consumption - and the related costs – so as to reduce CO2 emissions.

Creating jobs as well as recruiting, training and retaining human resources are essential parts of the Group’s strategy, especially as it expands its activities. During the past year, the workforce, on average, has increased by about 10,000, reaching 80,000 direct and indirect employees, with a strong focus on diversity. The “Next-Gen” plan launched in 2021 continues, dedicated to young talent in Italy and elsewhere in the world. It is helping train the next generation and create job opportunities and professional development in the infrastructure sector. Today, 45% of the Group’s direct employees is comprised of people younger than 35 years of age. The plan includes collaboration programmes with Italian and international universities, research and innovation initiatives with a focus on diversity and sustainability, and technical schools aimed at training and employing skilled workers. Among the plan’s initiatives is the "Premio Alberto Giovannini", a multi-year effort aimed at attracting young talent and, through them, fostering innovation and the digitisation of the infrastructure sector. The Group's commitment to promoting women in a sector strongly characterised by men is also increasing: in Webuild, women now represent 36% of the corporate workforce.

****

ADJUSTED CONSOLIDATED INCOME STATEMENT DATA AT JUNE 30, 20221

Adjusted revenues, relating to the first half of 2022, amount to €3,873 million (€3,129 million in the first half of 2021), marking an annual increase of €744 million, equal to 24%.

The projects that contributed to this increase include those being developed in Italy where they have benefitted, among other things, from the positive effects of the PNRR. They include the high-speed/high-capacity railways between Milan and Genoa, Naples and Bari and Verona and Padua. Outside Italy, there are some large projects such as those being developed by Lane in the United States, the Snowy 2.0 hydroelectric plant in Australia, the Hurontario light rail line in Canada, the Koysha dam in Ethiopia and the Nykirke-Barkaker railway in Norway.

Adjusted EBITDA stands at €251 million (€189 million), while adjusted EBIT is €124 million (€91 million). The increase in adjusted EBIT of €34 million confirms the profitability expected from projects thanks to the use of "pass through" instruments and risk mitigation in contracts with mostly public entities.

Net Financial Income stands at approximately €50 million compared to net charges of €53 million in the first half of 2021. This item includes:

financial income of €67 million (€30 million in first half of 2021);

financial charges of €89 million (€102 million in first half of 2021);

positive net exchange rate result of €72 million (a positive €19 million in first half of 2021).

The increase in financial income reflects, among other things, the effects of the "Income from discharge", equal to €18 million, which was recognised after the approval of the Creditor Agreement of the subsidiary Afragola FS. It also reflects €11 million in interest collected following a judicial proceeding that recognised to the Group the higher charges and costs incurred for the construction of Lot 4 of the Orastie-Sibiu motorway in Romania.

The net exchange rate result generated net profits of €72 million, mainly due to the trend of the euro against the U.S. dollar, the Canadian dollar, the Ethiopian BIRR, the Qatari riyal and the Colombian peso.

Adjusted profit before tax amount to €174 million (€20 million in first half of 2021).

Adjusted income taxes amount to €71 million (€64 million in first half of 2021), mainly affected by the income dynamics of investee companies and the various tax regimes in force in the countries where the Group operates.

The result of discontinued operations shows a net charge of €15 million referable to the closure of activities abroad that belonged to Astaldi S.p.A. and did not fit with the Group’s commercial and industrial strategies (the “Astaldi Georgia” division, in particular).

The profit attributable to minority interests of €24 million (loss of €9 million in first half of 2021) is mainly due to the subsidiaries operating on the Snowy 2.0 project in Australia, the Gothenburg rail link in Sweden, the Nykirke-Barkaker rail line in Norway and the activities of the U.S. subsidiary Lane.

The dynamics described above result in an adjusted net profit attributable to the Group of €64 million, which compares with a loss of €39 million in the first half of 2021.

****

CONSOLIDATED BALANCE SHEET DATA AT JUNE 30, 2022

The net financial position of continuing operations at June 30, 2022 was negative for €397 million, an improvement of €143 million, compared to June 30, 2021 (€540 million). The change of €864 million compared to December 31, 2021 (net cash of €467 million) reflects a typical trend in the payment cycle, in which there is a rise in net working capital in the first half of the year, and a partial postponement to the second half of the compensation for the rise in raw materials prices in Italy, following the measures adopted by the Government in May 2022.

It should be noted that in July approximately €150 million were cashed-in: €100 million from a contractual advance under the "Diriyah Square - Package" contract in Saudi Arabia, €50 million from the execution of a court ruling in a case between the Fibe subsidiary and the Presidency of the Council of Ministers related to waste management and treatment in the Campania region in Italy.

Gross debt stands at €2,775 million, down by €192 million compared to June 30, 2021 (€2,968 million), and up by € 121 million compared to December 31, 2021 (€2,655 million).

At the same time, the Group reports total cash and cash equivalents of €1,520 million, of which approximately €491 million are available at the Corporate level (including Lane).

****

ORDER BACKLOG, NEW ORDERS AND COMMERCIAL PIPELINE

In the first half of 2022, the total order backlog stood at €47.2 billion, of which €38.5 billion related to construction and €8.8 billion to concessions, and operation and maintenance. The construction backlog increased by 4.4% over the financial year 2021.

90% of the Group's construction backlog relates to projects linked to the advancement of the United Nations Sustainable Development Goals (SDGs). In terms of markets, the Group’s de-risking strategy saw the order backlog mainly distributed among Italy, Central and Northern European countries, the United States and Australia – countries that represent 74% of the total, with projects in sectors related to sustainable mobility, such as rail, high-speed rail and surface transport. The following is a breakdown of the construction backlog by market and sector:

Total new orders, including variation orders and preferred bids, amounted to approximately €8.1 billion since the beginning of the year. More specifically, new contracts amounted to €3.7 billion, variation orders to €1.8 billion, and projects for which Webuild is the best bidder to €2.7 billion.

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EXCELLENT COMMERCIAL PERFORMANCE AND SOLID FINANCIAL RESULTS, AHEAD OF SCHEDULE, HIGHLIGHT GROUP'S RESILIENCE

2022 OUTLOOK CONFIRMED

ORDER BACKLOG GROWING TO OVER €47 BILLION; COVERING APPROXIMATELY 95% OF 2022-2024 REVENUES

€8.1 BILLION OF NEW ORDERS ACQUIRED SO FAR THIS YEAR, FOCUS ON LOW-RISK MARKETS SUCH AS EUROPE, AUSTRALIA, NORTH AMERICA; 2022 FULL YEAR ORDER INTAKE TARGET BEATEN

ECONOMIC AND FINANCIAL RESULTS CONTINUE TO GROW:

REVENUES1: €3.9 BILLION (+24% VS FIRST HALF 2021); 72% OF REVENUES FROM ABROAD, 28% IN ITALY

EBITDA1: €251 MILLION (+33% VS FIRST HALF 2021); EBITDA MARGIN: 6.5% (6.0% IN FIRST HALF 2021)

NET PROFIT1: €64 MILLION (+€103 MILLION VS FIRST HALF 2021)

NET DEBT: €397 MILLION (€540 MILLION IN FIRST HALF 2021)

80,000 EMPLOYEES GLOBALLY, OF WHICH 45% UNDER 35 YEARS

CO2 EMISSIONS REDUCTION TARGET APPROVED BY SCIENCE BASED TARGETS INIZIATIVE (SBTI)

GROUP CONFIRMS COMMITMENT TO WORKER SAFETY

MILAN, July 29, 2022 – The Board of Directors of Webuild (Euronext Milan: WBD) approved yesterday the consolidated half-year financial report at June 30, 2022 and examined the “adjusted consolidated data”1for the purpose of a better comparison on a homogenous base.

****

Webuild’s results for the first half of the year confirm the Group’s strong resilience in a complex international scenario, accompanied by strong inflationary pressures.

New contracts acquired or for which the Group has been identified as best bidder total €8.1 billion since the beginning of the year. The contracts include projects with a high engineering component and a strategic value for the regions where they are to be developed, such as a section of the Inland Rail project in Australia and the A303 trunk road and tunnel near Stonehenge in the United Kingdom, which will benefit from the Group’s track record in safeguarding archeological sites.

At June 30, 2022, the total order backlog stands at €47.2 billion, €38.5 billion of which relate to construction projects that cover 95% of revenue targets for the 2022-2024 period. Approximately 74% of the backlog comes from low-risk markets, such as Italy, Central and Northern European countries, the United States and Australia.

In Italy, where Webuild is the main market player thanks also to Progetto Italia, approximately €16 billion of additional investments in large-scale public works are expected to be financed by the National Plan for Recovery and Resilience (PNRR), of which €2.7 billion worth of tenders are already underway.

The quality of the order backlog, the partnerships developed with clients and suppliers, the efficient management of both contracts and the supply chain, as well as the on-going cost-savings plan ensured the Group’s resilience and growth despite the onset of inflationary pressures. At the operational level, the Group recorded a robust performance, closing the first half of the year with higher results. Revenues grew by 24% to €3.9 billion; EBITDA rose by 33% to €251 million. Over 80% of revenues were generated in geographical areas such as Italy, Central and Northern European countries, the United States and Australia, as a result of the de-risking strategy pursued in recent years.

Webuild is also well positioned to face rising interest rates. In January, it placed its first €400 million “Sustainability Linked Bond” optimising the structure of its corporate debt. It extended the average maturity with more than 90% of its total debt with expiry dates occurring from 2024. It also increased to more than 85% the part of its debt set at fixed rates.

Webuild has continued to develop new businesses, including road maintenance and the “Acqua per la vita” (Water for Life) project. In light of the water crisis in Italy, Webuild is promoting a project to build in the short-term desalination plants for the production of potable water from sea water. As of today, potable water produced by desalination plants represents only 4% of the total volume of water consumed in Italy. Nine cities are obliged to impose water rationing, while 32% of the country’s population suffers from potable water shortages. Following the example of Spain, where 56% of the total volume of water consumed comes from desalinated plants, Webuild, with its subsidiary Fisia Italimpianti, is offering its know-how to help manage funds allocated for the supply and management of water resources.

In light of the strong results achieved in the first half of the year, the solid order backlog and the commercial positioning in low-risk markets, paired with a strong leadership in the domestic market, the Group confirms the targets it set for the 2022-2024 period.

Webuild also renews its commitment to support technological innovation, job creation and the recruitment of young people – all of which serve as strategic drivers behind the Group's sustainable growth.

****

PROGRESS ON ESG TARGETS FOR 2022-24

ESG principles have been wholly incorporated into the Group’s commercial strategy, its organisation and operational processes, as confirmed by the numerous ESG ratings assigned by leading international agencies, among other indicators.

In the first half of 2022, Webuild was confirmed in the Sustainability Leaders 2022 ranking compiled by Italian newspaper Il Sole 24 Ore and analytics firm Statista, as well as in the European Climate Leaders 2022 ranking, made by Statista in collaboration with the Financial Times. In addition, Webuild joined the "Leaders" of the Integrated Governance Index 2022 that measures the ESG governance practices of leading Italian companies on an annual basis.

Webuild’s path to decarbonisation continues. In the 2019-2021 period, greenhouse gas emissions were reduced by 336,000 tons, taking into account both emissions from activities at construction sites and locations (Scope 1 and 2), and emissions from supply chain activities (Scope 3). Demonstrating its commitment to fight climate change, Webuild obtained approval for its new CO2 emissions reduction targets from the Science Based Targets initiative (SBTi), a partnership among CDP (formerly the Carbon Disclosure Project) and the United Nations Global Compact (UNGC), among others. The approval confirms the Group’s approach, which aims to reduce Scope 1 and 2 emissions by 47%, and Scope 3 emissions by 15% by 2030 from a 2019 baseline.

A commitment to guarantee the best health and safety conditions remains at the heart of the Group's strategy. The accident frequency index (LTIFR) decreased by more than 35% in the first half of the year compared to the 2017 baseline, in line with the -40% target set for the end of the year. This important result is due to a constant investment in programmes dedicated to developing a safety culture in every workplace, such as the award-winning Safety Builders Program, which in the first half of 2022 exceeded 10,000 people on construction sites. Alongside this important initiative, there is also a greater effort to develop innovative solutions capable of improving - through the increasingly pervasive use of technology - the safety of plants, machinery and work areas most at risk. The solutions include “immersive” training for workers with the use of 3D simulators in virtual reality.

Innovation does not only concern safety, but the entire spectrum of the company's activities. Over the last five years, more than €110 million have been invested in innovation, research and development, with an average of 290 employees engaged in these activities every year. During the same period, more than 100 innovative solutions have been developed to support the entire business cycle: from the planning phase and the methods and materials used during construction, to applications for Health & Safety and the digitalisation of work sites. Many innovations developed in recent years have had the aim of reaching decarbonisation targets, allowing for a reduction in energy consumption - and the related costs – so as to reduce CO2 emissions.

Creating jobs as well as recruiting, training and retaining human resources are essential parts of the Group’s strategy, especially as it expands its activities. During the past year, the workforce, on average, has increased by about 10,000, reaching 80,000 direct and indirect employees, with a strong focus on diversity. The “Next-Gen” plan launched in 2021 continues, dedicated to young talent in Italy and elsewhere in the world. It is helping train the next generation and create job opportunities and professional development in the infrastructure sector. Today, 45% of the Group’s direct employees is comprised of people younger than 35 years of age. The plan includes collaboration programmes with Italian and international universities, research and innovation initiatives with a focus on diversity and sustainability, and technical schools aimed at training and employing skilled workers. Among the plan’s initiatives is the "Premio Alberto Giovannini", a multi-year effort aimed at attracting young talent and, through them, fostering innovation and the digitisation of the infrastructure sector. The Group's commitment to promoting women in a sector strongly characterised by men is also increasing: in Webuild, women now represent 36% of the corporate workforce.

****

ADJUSTEDCONSOLIDATED INCOME STATEMENT DATA AT JUNE 30, 20221

Adjusted revenues, relating to the first half of 2022, amount to €3,873 million (€3,129 million in the first half of 2021), marking an annual increase of €744 million, equal to 24%.

The projects that contributed to this increase include those being developed in Italy where they have benefitted, among other things, from the positive effects of the PNRR. They include the high-speed/high-capacity railways between Milan and Genoa, Naples and Bari and Verona and Padua. Outside Italy, there are some large projects such as those being developed by Lane in the United States, the Snowy 2.0 hydroelectric plant in Australia, the Hurontario light rail line in Canada, the Koysha dam in Ethiopia and the Nykirke-Barkaker railway in Norway.

Adjusted EBITDA stands at €251 million (€189 million), while adjusted EBIT is €124 million (€91 million). The increase in adjusted EBIT of €34 million confirms the profitability expected from projects thanks to the use of "pass through" instruments and risk mitigation in contracts with mostly public entities.

Net Financial Income stands at approximately €50 million compared to net charges of €53 million in the first half of 2021. This item includes:

financial income of €67 million (€30 million in first half of 2021);

financial charges of €89 million (€102 million in first half of 2021);

positive net exchange rate result of €72 million (a positive €19 million in first half of 2021).

The increase in financial income reflects, among other things, the effects of the "Income from discharge", equal to €18 million, which was recognised after the approval of the Creditor Agreement of the subsidiary Afragola FS. It also reflects €11 million in interest collected following a judicial proceeding that recognised to the Group the higher charges and costs incurred for the construction of Lot 4 of the Orastie-Sibiu motorway in Romania.

The net exchange rate result generated net profits of €72 million, mainly due to the trend of the euro against the U.S. dollar, the Canadian dollar, the Ethiopian BIRR, the Qatari riyal and the Colombian peso.

Adjusted profit before tax amount to €174 million (€20 million in first half of 2021).

Adjusted income taxes amount to €71 million (€64 million in first half of 2021), mainly affected by the income dynamics of investee companies and the various tax regimes in force in the countries where the Group operates.

The result of discontinued operations shows a net charge of €15 million referable to the closure of activities abroad that belonged to Astaldi S.p.A. and did not fit with the Group’s commercial and industrial strategies (the “Astaldi Georgia” division, in particular).

The profit attributable to minority interests of €24 million (loss of €9 million in first half of 2021) is mainly due to the subsidiaries operating on the Snowy 2.0 project in Australia, the Gothenburg rail link in Sweden, the Nykirke-Barkaker rail line in Norway and the activities of the U.S. subsidiary Lane.

The dynamics described above result in an adjusted net profit attributable to the Group of €64 million, which compares with a loss of €39 million in the first half of 2021.

****

CONSOLIDATED BALANCE SHEET DATA AT JUNE 30, 2022

The net financial position of continuing operations at June 30, 2022 was negative for €397 million, an improvement of €143 million, compared to June 30, 2021 (€540 million). The change of €864 million compared to December 31, 2021 (net cash of €467 million) reflects a typical trend in the payment cycle, in which there is a rise in net working capital in the first half of the year, and a partial postponement to the second half of the compensation for the rise in raw materials prices in Italy, following the measures adopted by the Government in May 2022.

It should be noted that in July approximately €150 million were cashed-in: €100 million from a contractual advance under the "Diriyah Square - Package" contract in Saudi Arabia, €50 million from the execution of a court ruling in a case between the Fibe subsidiary and the Presidency of the Council of Ministers related to waste management and treatment in the Campania region in Italy.

Gross debt stands at €2,775 million, down by €192 million compared to June 30, 2021 (€2,968 million), and up by € 121 million compared to December 31, 2021 (€2,655 million).

At the same time, the Group reports total cash and cash equivalents of €1,520 million, of which approximately €491 million are available at the Corporate level (including Lane).

****

ORDER BACKLOG, NEW ORDERS AND COMMERCIAL PIPELINE

In the first half of 2022, the total order backlog stood at €47.2 billion, of which €38.5 billion related to construction and €8.8 billion to concessions, and operation and maintenance. The construction backlog increased by 4.4% over the financial year 2021.

90% of the Group's construction backlog relates to projects linked to the advancement of the United Nations Sustainable Development Goals (SDGs). In terms of markets, the Group’s de-risking strategy saw the order backlog mainly distributed among Italy, Central and Northern European countries, the United States and Australia – countries that represent 74% of the total, with projects in sectors related to sustainable mobility, such as rail, high-speed rail and surface transport. The following is a breakdown of the construction backlog by market and sector:

Total new orders, including variation orders and preferred bids, amounted to approximately €8.1 billion since the beginning of the year. More specifically, new contracts amounted to €3.7 billion, variation orders to €1.8 billion, and projects for which Webuild is the best bidder to €2.7 billion.

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SOLID START OF THE YEAR: €5.3 BILLION OF NEW ORDERS IN KEY MARKETS SUCH AS AUSTRALIA, NORTHERN EUROPE AND U.S.A.

COMMERCIAL PIPELINE IN EXCESS OF €27 BILLION, INCLUDING €6.9 BILLION OF TENDERS AWAITING OUTCOME

WEBUILD DEVELOPING STRATEGIC INFRASTRUCTURE PROJECTS IN ITALY SUCH AS MILAN-GENOA, VERONA-PADOVA, NAPLES-BARI, PALERMO-CATANIA HIGH-SPEED RAIL, MOST FINANCED BY PNRR

PROGETTO ITALIA COMPLETED

2022 OUTLOOK CONFIRMED

MILAN, May 12, 2022 – The Board of Directors of Webuild (Euronext Milan: WBD) examined today the following data and information relating to the business evolution since the start of 2022.

****

“Despite a complex international scenario, Webuild achieved excellent results in the first months of 2022 in terms of new orders, exceeding €5 billion,” said Pietro Salini, Chief Executive of Webuild. “These results confirm our Group's leading role in the implementation of investment plans for sustainable infrastructure, involving the entire supply chain, especially for large, complex projects, such as Inland Rail in Australia and the Sotra Connection in Norway. The quality of the backlog and the recent interventions by the government in Italy to tackle rising raw material costs allow us to feel confident about at the targets set for 2022-2024. Our Group’s ability to generate significant cash flow, partly thanks to a cost-efficiency programme, remains a key part of our long-term strategy. We are also focused on delivering to our clients projects of the highest quality built with the highest health and safety standards."

The results of Webuild’s commercial activity confirm the Group as a major player in the infrastructure sector. It has increasingly consolidated its presence in the domestic market, while becoming more competitive abroad. In the first months of 2022, Webuild acquired new contracts worth approximately €5.3 billion, most in foreign markets. In Italy, an estimated €24 billion of investments in public works are expected to be made. Of the total, €14 billion fall under the Piano Nazionale di Ripresa e Resilienza (PNRR) (National Plan of Recovery and Resilience), for which tender process is expected to accelerate in the second half of the year.

The Group upholds its commitment to sustainability, with a focus on infrastructure for sustainable mobility and climate transition. The successful placement of a €400 million Sustainability-Linked bond in January reinforces Webuild's commitment to fully integrate sustainability principles into its business and financial strategy. The bond is linked to achieving a 50% reduction in carbon intensity emissions (Scope 1 & 2) by 2025 in order to contribute to the advancement of Sustainable Development Goals ("SDGs") set by the United Nations. During the placement, orders totalled approximately €900 million, making the issue more than 2.2 times oversubscribed, with significant investor demand coming from countries such as Italy, the United Kingdom, Germany and France.

During the first months of the year, the Group completed Progetto Italia after having reached all the initiative’s objectives. Webuild financed the operation by means of a capital increase that was fully subscribed in November 2019 by the country's main financial institutions, including CDP Equity.

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NEW ORDERS
New orders, acquired and to be finalised year-to-date amounted to approximately €5.3 billion, including projects for which Webuild was the best bidder for €3.1 billion. They include the following:

Inland Rail PPP Project: Design and build a section between Gowrie and Kagaru of the 1,700 kilometre Inland Rail project in Australia. The public-private partnership (PPP) contract is worth more than AU$5 billion (€3.27 billion), of which approximately €1.3 billion is attributable to Webuild.  Webuild and Regionerate Rail consortium partners are the preferred bidders.

Sotra Connection PPP Project: Finance, design, build and maintain a network of roads, tunnels and bridges in western Norwegian county of Vestland. The public-private partnership (PPP) contract, with a combined total value of NOK 19.8 billion (€2.0 billion) - more than €1 billion of which for design and construction - is the largest transport contract in Norwegian history. Webuild has a 35% stake in the Sotra Link consortium responsible for the design and construction of the project, and a 10% stake in the project company which will also be responsible for Operation & Maintenance.

Tyndall Air Force Base: Design and build roads, car parks, electrical systems and other infrastructure for the reconstruction of the Tyndall Air Force Base in Panama City, Florida.  Commissioned by the U.S. Army Corps of Engineers (USACE), the contract is worth $357 million (€340 million) and it is 100% owned by Lane, Webuild’s U.S. subsidiary.

Diriyah Square - Package 2 Super-Basement Works: Build a multi-storey mega car park for 10,500 vehicles in Riyadh, Saudi Arabia in a contract worth approximately €840 million. The three‐storey underground parking area will have a total built-up area of nearly 1.0 million square metres. Commissioned by the Diriyah Gate Development Authority, it will create more than 9,000 jobs.

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COMMERCIAL PIPELINE
The overall pipeline of the Group's commercial activities amounts to approximately €27.4 billion, including tenders presented and awaiting outcome for approximately €6.9 billion, most of which are expected to be awarded this year.
Below is a breakdown of the commercial pipeline by category and geography:

Webuild is monitoring its core markets, including Western and Northern Europe, Australia and North America, all of which have major infrastructure investment plans. These markets account for more than 85% of the Group's total commercial pipeline.

In Italy, approximately €24 billion of additional investments in large-scale public works are expected, €14 billion of which for projects included in the PNRR. There has been a delay in the tendering of these projects, mainly due to the increase in energy and raw materials prices. These tenders are expected to be conducted in an accelerated fashion in the second half of the year in order to meet the tight deadlines set by the PNRR.
Based on the good volume of new orders acquired in the first months of the year and the expected timing in the awarding of some tenders in the pipeline, the Group confirms it is in a good position to achieve its book-to-bill target of more than 1x in 2022.

****
PROGETTO ITALIA
With the filing of the new Articles of Association with the Business and Trade Registry, as a result of the fulfilment of all the objectives, Webuild has completed the industrial initiative, known as Progetto Italia, aimed at creating a major Italian infrastructure player. The acquisitions carried out by the Group since 2019 within the context of the initiative include Astaldi, Cossi Costruzioni - whose minority shares were acquired on May 4, 2022 - SELI Overseas, as well as the shares of Società Condotte d'Acqua in contracts for the construction of the Milan-Genoa and Verona-Padua high-speed/high-capacity railway. In addition to increasing the scale of Webuild, the acquisitions have enabled the Group to gain innovative technical and engineering skills that will improve its ability to respond to infrastructure investment programmes being implemented by governments, many in relation to achieving SDGs to fight climate change.

The consolidation of the domestic construction sector to create the major Italian infrastructure player was made possible by the entry of CDP Equity and the country's main financial institutions (Intesa Sanpaolo, UniCredit, Banco BPM) into Webuild’s capital. The investment agreement signed on August 2, 2019 between, inter alia, Salini Costruttori, CDP Equity, and Webuild, concerning, in particular, certain corporate governance rules for Webuild will remain valid and effective until August 2, 2024, having being recently renewed.

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OUTLOOK
Despite the extremely volatile and uncertain macroeconomic and geopolitical contexts, Webuild’s activities continue, as witnessed by the start of work on the Austrian side of the Brenner Base Tunnel and the start of the third tunnel-boring machine (TBM) at Snowy 2.0, the largest hydroelectric project in Australia. In Italy, Webuild is developing strategic infrastructure projects, many of them financed by the PNRR, including high-speed rail lines between Milan and Genoa, Verona and Padua, Naples and Bari, and Palermo and Catania. Another is the Ionian State Road, which completed the raising of the Satanasso and Castiglione viaducts in March.

The Group’s current projects and significant commercial activity brings it to confirm the financial outlook for 2022:
•    Book-to-bill: average >1.0x in the 2022-24 period;
•    Revenues: €7.0 -7.5 billion, fully covered by current backlog;
•    EBITDA margin: 7-7.5%, supported by the cost-efficiency programme;
•    Maintaining a positive net financial position (net cash)

These targets are based on the absence of major changes in the pandemic and consequent slowdowns in Webuild's activities. They do not include any negative impact on the global economy related to geopolitical tensions arising from the military conflict in Ukraine.

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Disclaimer
This press release contains forward-looking statements. These statements are based on current expectations and projections of the Group regarding future events and, by their very nature, are exposed to inherent risks and uncertainties. These statements relate to events and depend on circumstances that may or may not occur or exist in the future. Accordingly, readers should not to place undue reliance on them. Actual results may differ materially from those stated due to multiple factors, including: the volatility and deterioration of capital and financial markets, changes in commodity prices, changes in macroeconomic conditions and economic growth and other changes in business conditions, changes in atmospheric conditions, floods, earthquakes or other natural disasters, changes in the regulatory and institutional framework (both in Italy and abroad), production difficulties, including constraints on the use of plants and supplies and many other risks and uncertainties, most of which are outside the Group's control.

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SOLID START OF THE YEAR: €5.3 BILLION OF NEW ORDERS IN KEY MARKETS SUCH AS AUSTRALIA, NORTHERN EUROPE AND U.S.A.

COMMERCIAL PIPELINE IN EXCESS OF €27 BILLION, INCLUDING €6.9 BILLION OF TENDERS AWAITING OUTCOME

WEBUILD DEVELOPING STRATEGIC INFRASTRUCTURE PROJECTS IN ITALY SUCH AS MILAN-GENOA, VERONA-PADOVA, NAPLES-BARI, PALERMO-CATANIA HIGH-SPEED RAIL, MOST FINANCED BY PNRR

PROGETTO ITALIA COMPLETED

2022 OUTLOOK CONFIRMED

MILAN, May 12, 2022 – The Board of Directors of Webuild (Euronext Milan: WBD) examined today the following data and information relating to the business evolution since the start of 2022.

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“Despite a complex international scenario, Webuild achieved excellent results in the first months of 2022 in terms of new orders, exceeding €5 billion,” said Pietro Salini, Chief Executive of Webuild. “These results confirm our Group's leading role in the implementation of investment plans for sustainable infrastructure, involving the entire supply chain, especially for large, complex projects, such as Inland Rail in Australia and the Sotra Connection in Norway. The quality of the backlog and the recent interventions by the government in Italy to tackle rising raw material costs allow us to feel confident about at the targets set for 2022-2024. Our Group’s ability to generate significant cash flow, partly thanks to a cost-efficiency programme, remains a key part of our long-term strategy. We are also focused on delivering to our clients projects of the highest quality built with the highest health and safety standards."

The results of Webuild’s commercial activity confirm the Group as a major player in the infrastructure sector. It has increasingly consolidated its presence in the domestic market, while becoming more competitive abroad. In the first months of 2022, Webuild acquired new contracts worth approximately €5.3 billion, most in foreign markets. In Italy, an estimated €24 billion of investments in public works are expected to be made. Of the total, €14 billion fall under the Piano Nazionale di Ripresa e Resilienza (PNRR) (National Plan of Recovery and Resilience), for which tender process is expected to accelerate in the second half of the year.

The Group upholds its commitment to sustainability, with a focus on infrastructure for sustainable mobility and climate transition. The successful placement of a €400 million Sustainability-Linked bond in January reinforces Webuild's commitment to fully integrate sustainability principles into its business and financial strategy. The bond is linked to achieving a 50% reduction in carbon intensity emissions (Scope 1 & 2) by 2025 in order to contribute to the advancement of Sustainable Development Goals ("SDGs") set by the United Nations. During the placement, orders totalled approximately €900 million, making the issue more than 2.2 times oversubscribed, with significant investor demand coming from countries such as Italy, the United Kingdom, Germany and France.

During the first months of the year, the Group completed Progetto Italia after having reached all the initiative’s objectives. Webuild financed the operation by means of a capital increase that was fully subscribed in November 2019 by the country's main financial institutions, including CDP Equity.

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NEW ORDERS
New orders, acquired and to be finalised year-to-date amounted to approximately €5.3 billion, including projects for which Webuild was the best bidder for €3.1 billion. They include the following:

Inland Rail PPP Project: Design and build a section between Gowrie and Kagaru of the 1,700 kilometre Inland Rail project in Australia. The public-private partnership (PPP) contract is worth more than AU$5 billion (€3.27 billion), of which approximately €1.3 billion is attributable to Webuild.  Webuild and Regionerate Rail consortium partners are the preferred bidders.

Sotra Connection PPP Project: Finance, design, build and maintain a network of roads, tunnels and bridges in western Norwegian county of Vestland. The public-private partnership (PPP) contract, with a combined total value of NOK 19.8 billion (€2.0 billion) - more than €1 billion of which for design and construction - is the largest transport contract in Norwegian history. Webuild has a 35% stake in the Sotra Link consortium responsible for the design and construction of the project, and a 10% stake in the project company which will also be responsible for Operation & Maintenance.

Tyndall Air Force Base: Design and build roads, car parks, electrical systems and other infrastructure for the reconstruction of the Tyndall Air Force Base in Panama City, Florida.  Commissioned by the U.S. Army Corps of Engineers (USACE), the contract is worth $357 million (€340 million) and it is 100% owned by Lane, Webuild’s U.S. subsidiary.

Diriyah Square - Package 2 Super-Basement Works: Build a multi-storey mega car park for 10,500 vehicles in Riyadh, Saudi Arabia in a contract worth approximately €840 million. The three‐storey underground parking area will have a total built-up area of nearly 1.0 million square metres. Commissioned by the Diriyah Gate Development Authority, it will create more than 9,000 jobs.

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COMMERCIAL PIPELINE
The overall pipeline of the Group's commercial activities amounts to approximately €27.4 billion, including tenders presented and awaiting outcome for approximately €6.9 billion, most of which are expected to be awarded this year.
Below is a breakdown of the commercial pipeline by category and geography:

Webuild is monitoring its core markets, including Western and Northern Europe, Australia and North America, all of which have major infrastructure investment plans. These markets account for more than 85% of the Group's total commercial pipeline.

In Italy, approximately €24 billion of additional investments in large-scale public works are expected, €14 billion of which for projects included in the PNRR. There has been a delay in the tendering of these projects, mainly due to the increase in energy and raw materials prices. These tenders are expected to be conducted in an accelerated fashion in the second half of the year in order to meet the tight deadlines set by the PNRR.
Based on the good volume of new orders acquired in the first months of the year and the expected timing in the awarding of some tenders in the pipeline, the Group confirms it is in a good position to achieve its book-to-bill target of more than 1x in 2022.

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PROGETTO ITALIA
With the filing of the new Articles of Association with the Business and Trade Registry, as a result of the fulfilment of all the objectives, Webuild has completed the industrial initiative, known as Progetto Italia, aimed at creating a major Italian infrastructure player. The acquisitions carried out by the Group since 2019 within the context of the initiative include Astaldi, Cossi Costruzioni - whose minority shares were acquired on May 4, 2022 - SELI Overseas, as well as the shares of Società Condotte d'Acqua in contracts for the construction of the Milan-Genoa and Verona-Padua high-speed/high-capacity railway. In addition to increasing the scale of Webuild, the acquisitions have enabled the Group to gain innovative technical and engineering skills that will improve its ability to respond to infrastructure investment programmes being implemented by governments, many in relation to achieving SDGs to fight climate change.

The consolidation of the domestic construction sector to create the major Italian infrastructure player was made possible by the entry of CDP Equity and the country's main financial institutions (Intesa Sanpaolo, UniCredit, Banco BPM) into Webuild’s capital. The investment agreement signed on August 2, 2019 between, inter alia, Salini Costruttori, CDP Equity, and Webuild, concerning, in particular, certain corporate governance rules for Webuild will remain valid and effective until August 2, 2024, having being recently renewed.

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OUTLOOK
Despite the extremely volatile and uncertain macroeconomic and geopolitical contexts, Webuild’s activities continue, as witnessed by the start of work on the Austrian side of the Brenner Base Tunnel and the start of the third tunnel-boring machine (TBM) at Snowy 2.0, the largest hydroelectric project in Australia. In Italy, Webuild is developing strategic infrastructure projects, many of them financed by the PNRR, including high-speed rail lines between Milan and Genoa, Verona and Padua, Naples and Bari, and Palermo and Catania. Another is the Ionian State Road, which completed the raising of the Satanasso and Castiglione viaducts in March.

The Group’s current projects and significant commercial activity brings it to confirm the financial outlook for 2022:
•    Book-to-bill: average >1.0x in the 2022-24 period;
•    Revenues: €7.0 -7.5 billion, fully covered by current backlog;
•    EBITDA margin: 7-7.5%, supported by the cost-efficiency programme;
•    Maintaining a positive net financial position (net cash)

These targets are based on the absence of major changes in the pandemic and consequent slowdowns in Webuild's activities. They do not include any negative impact on the global economy related to geopolitical tensions arising from the military conflict in Ukraine.

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Disclaimer
This press release contains forward-looking statements. These statements are based on current expectations and projections of the Group regarding future events and, by their very nature, are exposed to inherent risks and uncertainties. These statements relate to events and depend on circumstances that may or may not occur or exist in the future. Accordingly, readers should not to place undue reliance on them. Actual results may differ materially from those stated due to multiple factors, including: the volatility and deterioration of capital and financial markets, changes in commodity prices, changes in macroeconomic conditions and economic growth and other changes in business conditions, changes in atmospheric conditions, floods, earthquakes or other natural disasters, changes in the regulatory and institutional framework (both in Italy and abroad), production difficulties, including constraints on the use of plants and supplies and many other risks and uncertainties, most of which are outside the Group's control.

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Selected disclosure for the first 3 months of 2022

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Selected disclosure for the first 3 months of 2022

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Un archivio completo dei bilanci e delle relazioni finanziarie del Gruppo Webuild organizzati in ordine cronologico e facilmente consultabili.

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Video Webuild + Clough stronger together

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The integration of Webuild and Clough, that guarantees the continuity of Clough’s projects and ongoing employment for 1,100 Clough employees, will create a Group that ranks among the largest and oldest in Australia. The current projects included in the transaction are amongst the most important infrastructure projects in Australia and Papua New Guinea, and the agreement will allow the delivery for all levels of government, local communities and businesses involved. The transaction also ensures subcontractors and suppliers contracted to projects within the perimeter will be paid to complete their contracted works.

Following the acquisition, Webuild will have a total order backlog of more than €12 billion (AU$18.5 billion) and approximately 3,000 employees in Australia, becoming one of the most significant and well-credentialed players in the country.

On February 21, in Perth, in Australia, Pietro Salini, Massimo Ferrari and Claudio Lautizi welcomed our Clough colleagues into the Group during “Webuild + Clough, stronger together” event.

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The integration of Webuild and Clough, that guarantees the continuity of Clough’s projects and ongoing employment for 1,100 Clough employees, will create a Group that ranks among the largest and oldest in Australia. The current projects included in the transaction are amongst the most important infrastructure projects in Australia and Papua New Guinea, and the agreement will allow the delivery for all levels of government, local communities and businesses involved. The transaction also ensures subcontractors and suppliers contracted to projects within the perimeter will be paid to complete their contracted works.

Following the acquisition, Webuild will have a total order backlog of more than €12 billion (AU$18.5 billion) and approximately 3,000 employees in Australia, becoming one of the most significant and well-credentialed players in the country.

On February 21, in Perth, in Australia, Pietro Salini, Massimo Ferrari and Claudio Lautizi welcomed our Clough colleagues into the Group during “Webuild + Clough, stronger together” event.

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Webuild+Clough. Stronger together in Australia - Webuild video

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Webuild: signed the contract to acquire Clough assets. Combined group to rank among biggest players in Australia.

Webuild reaches a total order backlog in Australia, including preferred bidder projects, of more than €12 billion (AU$ 18.5 billion) and about 3,000 employees.

Read the press release

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Webuild: signed the contract to acquire Clough assets. Combined group to rank among biggest players in Australia.

Webuild reaches a total order backlog in Australia, including preferred bidder projects, of more than €12 billion (AU$ 18.5 billion) and about 3,000 employees.

Read the press release

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Webuild+Clough. Stronger together in Australia

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Webuild+Clough. Stronger together in Australia

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Combined group to rank among biggest players in Australia

Acquired more than €4 billion (AU$ 6 billion) of order backlog and guaranteed 1,100 jobs

The acquisition perimeter includes, in addition to Snowy 2.0, Inland Rail stakes, other strategic infrastructure projects, under new accretive terms, such as:

Waitsia gas project, Lombrum naval base, Tallawarra power plant

projects for which Clough is preferred bidder, such as Perdaman’s Ceres urea plant

Acquisition boosts Webuild presence in Australia with scale, expertise, workforce

Webuild reaches a total order backlog in Australia, including preferred bidder projects, of more than €12 billion (AU$ 18.5 billion) and about 3,000 employees

Webuild and Deloitte administrators working with stakeholders to secure creditor approval by mid-February

MILAN, February 3, 2023 - Webuild announces it has signed the contract with the Deloitte Administrators of Clough Limited (Clough) in Australia to acquire Clough assets. Following the disclosure on December 14, 2022 and January 19, 2023, the final acquisition perimeter comprises: i) Clough’s organisation, including offices, trademarks, credentials, business references, senior management and office personnel and, ii) more than €4 billion worth of projects in backlog (as of end 2022), including the related project workforce.

The integration of Webuild and Clough, that guarantees the continuity of Clough’s projects and ongoing employment for 1,100 Clough employees, will create a Group that ranks among the largest and oldest in Australia. The current projects included in the transaction are amongst the most important infrastructure projects in Australia and Papua New Guinea, and the agreement will allow the delivery for all levels of government, local communities and businesses involved. The transaction also ensures subcontractors and suppliers contracted to projects within the perimeter will be paid to complete their contracted works.

The following is a breakdown of the perimeter of the assets being acquired:

The transaction would enable Webuild to:

strengthen its organizational, engineering and workforce structure in Australia, instrumental to the execution of its order backlog and commercial plan. Webuild is set to benefit from a booming market with hundreds of billions of investments expected in the coming years;

acquire a strong and structured local presence with more than 100 years’ long history, deep Australian roots and tradition;

benefit from scale and significant synergies by enhancing Clough's central resources specialized in commercial planning and business development, bid preparation, human resources management, procurement management, administration, finance and control;

expand and diversify Webuild’s business by leveraging Clough’s competencies, capabilities, good market positioning and strong reputation in sectors such as energy, installations, and defence.

The total value of the transaction is equal to approximately AU$35.9 million (€23.4 million). The completion of the acquisition remains subject to obtaining certain consents from third parties involved in the operation, including the approval at the second meeting of creditors expected to be held by mid-February 2023.

***

Australia is a core market for Webuild, where it has potential construction contracts estimated in excess of €300 billion for the 2022-2025 period.

Webuild is continuing to expand its operations in Australia. It will take part in the construction of the Sydney Metro-Western Sydney Airport project that connect the city to the new airport. It is working on the North East Link, the missing section of Melbourne’s beltway. It is part of the consortium that is the preferred bidder for the construction of a section of Inland Rail, designed to improve freight transport between Brisbane and Melbourne. In the Snowy Mountains, the Group is working on Snowy 2.0, the largest hydropower project in the country.

Founded in Perth in 1919, Clough is a pioneer in the country’s construction industry. Landmark projects include the National Mutual Building, the first high-rise in Perth, and the Graham Farmer Freeway, the first major underground freeway tunnel in Western Australia.

The integration of the two groups brings Webuild to an overall order backlog in Australia of over €12 billion, including projects for which they are preferred bidders, and around 3,000 employees.

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Combined group to rank among biggest players in Australia

Acquired more than €4 billion (AU$ 6 billion) of order backlog and guaranteed 1,100 jobs

The acquisition perimeter includes, in addition to Snowy 2.0, Inland Rail stakes, other strategic infrastructure projects, under new accretive terms, such as:

Waitsia gas project, Lombrum naval base, Tallawarra power plant

projects for which Clough is preferred bidder, such as Perdaman’s Ceres urea plant

Acquisition boosts Webuild presence in Australia with scale, expertise, workforce

Webuild reaches a total order backlog in Australia, including preferred bidder projects, of more than €12 billion (AU$ 18.5 billion) and about 3,000 employees

Webuild and Deloitte administrators working with stakeholders to secure creditor approval by mid-February

MILAN, February 3, 2023 - Webuild announces it has signed the contract with the Deloitte Administrators of Clough Limited (Clough) in Australia to acquire Clough assets. Following the disclosure on December 14, 2022 and January 19, 2023, the final acquisition perimeter comprises: i) Clough’s organisation, including offices, trademarks, credentials, business references, senior management and office personnel and, ii) more than €4 billion worth of projects in backlog (as of end 2022), including the related project workforce.

The integration of Webuild and Clough, that guarantees the continuity of Clough’s projects and ongoing employment for 1,100 Clough employees, will create a Group that ranks among the largest and oldest in Australia. The current projects included in the transaction are amongst the most important infrastructure projects in Australia and Papua New Guinea, and the agreement will allow the delivery for all levels of government, local communities and businesses involved. The transaction also ensures subcontractors and suppliers contracted to projects within the perimeter will be paid to complete their contracted works.

The following is a breakdown of the perimeter of the assets being acquired:

The transaction would enable Webuild to:

strengthen its organizational, engineering and workforce structure in Australia, instrumental to the execution of its order backlog and commercial plan. Webuild is set to benefit from a booming market with hundreds of billions of investments expected in the coming years;

acquire a strong and structured local presence with more than 100 years’ long history, deep Australian roots and tradition;

benefit from scale and significant synergies by enhancing Clough's central resources specialized in commercial planning and business development, bid preparation, human resources management, procurement management, administration, finance and control;

expand and diversify Webuild’s business by leveraging Clough’s competencies, capabilities, good market positioning and strong reputation in sectors such as energy, installations, and defence.

The total value of the transaction is equal to approximately AU$35.9 million (€23.4 million). The completion of the acquisition remains subject to obtaining certain consents from third parties involved in the operation, including the approval at the second meeting of creditors expected to be held by mid-February 2023.

***

Australia is a core market for Webuild, where it has potential construction contracts estimated in excess of €300 billion for the 2022-2025 period.

Webuild is continuing to expand its operations in Australia. It will take part in the construction of the Sydney Metro-Western Sydney Airport project that connect the city to the new airport. It is working on the North East Link, the missing section of Melbourne’s beltway. It is part of the consortium that is the preferred bidder for the construction of a section of Inland Rail, designed to improve freight transport between Brisbane and Melbourne. In the Snowy Mountains, the Group is working on Snowy 2.0, the largest hydropower project in the country.

Founded in Perth in 1919, Clough is a pioneer in the country’s construction industry. Landmark projects include the National Mutual Building, the first high-rise in Perth, and the Graham Farmer Freeway, the first major underground freeway tunnel in Western Australia.

The integration of the two groups brings Webuild to an overall order backlog in Australia of over €12 billion, including projects for which they are preferred bidders, and around 3,000 employees.

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Webuild: signed the contract to acquire Clough assets 

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Webuild: signed the contract to acquire Clough assets 

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“Great team work to create one of the biggest infrastructure construction companies in Australia”

MILAN, February 3, 2023 – “Today’s operation is a historic one for Webuild. It is the latest effort on the part of the Group to expand in low-risk markets according to a de-risking strategy adopted in recent years. With the acquisition of Clough, we will become one of the biggest players in the sector, even in segments like energy, plants and defence infrastructure in a market that is growing at a fast pace.

“By combining the expertise of Clough’s and Webuild’s people, we will be able to guarantee the completion of projects of the highest quality for clients and communities. From the beginning of this operation, we have been able to create a strong team spirit. I want to thank all the parties involved for having worked in such a tireless and collaborative way in order to reach an extraordinary result within a short period of time despite the complexities of a number of projects, the time differences and the great distances. Thanks to the constructive and collaborative efforts made by the people at Webuild, Deloitte and Clough, as well as by the clients, unions and all the other partners involved in these projects, we were able to guarantee the continuity of some of the most strategic projects of the country.

“It took a big effort for an Italian company to reach a combined backlog of more than €12 billion and some 3,000 employees in Australia. But we consider this to be just the beginning of a great collaboration with all the players in a country where we aim to grow together.”

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“Great team work to create one of the biggest infrastructure construction companies in Australia”

MILAN, February 3, 2023 – “Today’s operation is a historic one for Webuild. It is the latest effort on the part of the Group to expand in low-risk markets according to a de-risking strategy adopted in recent years. With the acquisition of Clough, we will become one of the biggest players in the sector, even in segments like energy, plants and defence infrastructure in a market that is growing at a fast pace.

“By combining the expertise of Clough’s and Webuild’s people, we will be able to guarantee the completion of projects of the highest quality for clients and communities. From the beginning of this operation, we have been able to create a strong team spirit. I want to thank all the parties involved for having worked in such a tireless and collaborative way in order to reach an extraordinary result within a short period of time despite the complexities of a number of projects, the time differences and the great distances. Thanks to the constructive and collaborative efforts made by the people at Webuild, Deloitte and Clough, as well as by the clients, unions and all the other partners involved in these projects, we were able to guarantee the continuity of some of the most strategic projects of the country.

“It took a big effort for an Italian company to reach a combined backlog of more than €12 billion and some 3,000 employees in Australia. But we consider this to be just the beginning of a great collaboration with all the players in a country where we aim to grow together.”

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Statement by Webuild Ceo Pietro Salini. Acqusition of Clough assets in Australia

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Statement by Webuild Ceo Pietro Salini. Acqusition of Clough assets in Australia

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Forrestfield-Airport Link Perth Australia - Video

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High standards were followed for the construction of Perth Airport in Australia to improve the quality of life and reduce CO2 emissions.

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Forrestfield-Airport Link, Perth, Australia - Webuild

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The Forrestfield-Airport Link is part of the works planned by the city of Perth to improve transport options and facilitate connections to the airport, reducing traffic and CO2 emissions. The project is being designed and constructed by Webuild, in joint venture with NRW Civil and Mining. It is 8.5 km long, and it includes 3 stations: Forrestfield, Redcliffe and Airport Central, the city’s international airport.

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The Forrestfield-Airport Link is part of the works planned by the city of Perth to improve transport options and facilitate connections to the airport, reducing traffic and CO2 emissions. The project is being designed and constructed by Webuild, in joint venture with NRW Civil and Mining. It is 8.5 km long, and it includes 3 stations: Forrestfield, Redcliffe and Airport Central, the city’s international airport.

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Forrestfield-Airport Link, Perth, Australia 

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Forrestfield-Airport Link, Perth, Australia 

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The Braila Bridge is taking shape over the Danube River in eastern Romania as the construction of continental Europe’s second longest suspension bridge at 1,975 metres enters its most spectacular phase with the raising of the 1,120-metre steel deck in sections.

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The Braila Bridge is taking shape over the Danube River in eastern Romania as the construction of continental Europe’s second longest suspension bridge at 1,975 metres enters its most spectacular phase with the raising of the 1,120-metre steel deck in sections.

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Third Bosphorus Bridge: Project's Video Brochure

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The Northern Marmara Motorway project (construction of a 150 km-long section) included the Third Bosphorus Bridge (now named Yavuz Sultan Selim Bridge) the bridge of records:

the world’s longest and widest hybrid bridge (width of 59 m and main span of 1,408 m);

the first bridge designed to host an 8-lane highway and a double-track railway all at same level;

the bridge with the highest tower in the world, above 320 m.

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The Northern Marmara Motorway project (construction of a 150 km-long section) included the Third Bosphorus Bridge (now named Yavuz Sultan Selim Bridge) the bridge of records:

the world’s longest and widest hybrid bridge (width of 59 m and main span of 1,408 m);

the first bridge designed to host an 8-lane highway and a double-track railway all at same level;

the bridge with the highest tower in the world, above 320 m.

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Third Bosphorus Bridge (Yavuz Sultan Selim Bridge), Turkey

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Third Bosphorus Bridge (Yavuz Sultan Selim Bridge), Turkey

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Quadrilatero Marche - Umbria: Project's Video Brochure

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The Quadrilatero Marche-Umbria project is a strategic infrastructure for the economic revitalization in the areas among Perugia, Ancona, Civitanova Marche, and Foligno. The Maxi Lot 2 contrct includes the upgrading of Perugia-Ancona route (31 km) and the construction of the Pedemontana delle Marche road (36 km).

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The Quadrilatero Marche-Umbria project is a strategic infrastructure for the economic revitalization in the areas among Perugia, Ancona, Civitanova Marche, and Foligno. The Maxi Lot 2 contrct includes the upgrading of Perugia-Ancona route (31 km) and the construction of the Pedemontana delle Marche road (36 km).

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The Group obtains the top sustainability rating for its commitment to green and sustainability issues in the realization of the Sydney project.

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Webuild earns top sustainability rating for Sydney Project - Webuild

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Milan, May 10, 2018 - Salini Impregilo, a leading global infrastructure group, has received top rating for sustainability for its construction of a prominent part of Sydney Metro Northwest in Australia, the latest acknowledgement of the Group’s respect for the environment in every project it pursues to improve people’s lives.

Salini Impregilo’s work on one of the biggest public transport projects in the country received a “Leading As Built IS rating” – the highest on a scale of three ratings - by the Infrastructure Sustainability Council of Australia (ISCA). The non-profit public and private body operates the country’s only comprehensive rating system to evaluate the sustainability of infrastructure projects in every regard, whether it be environmental, social, economic or governance.

It is the latest recognition that the Group has received from the ISCA. In 2015, it and its partner SMEC won the highest recognition – a Leading Design IS rating- for designing the project in the most environmentally friendly way possible.

Salini Impregilo delivered the section of the project known as the skytrain in the northwest of Sydney, including a 4 kilometre viaduct and a 270-metre, curved cable-stayed railway bridge, the biggest of its kind in the country.

With the billions of Australian dollars it is spending on infrastructure, the country has become an important market for Salini Impregilo. In Perth, the Group and a joint-venture partner is working on a 8.5-kilometre-long rail link that will connect the eastern suburbs with the city centre, helping reduce traffic congestion and air pollution.

Salini Impregilo is involved in some of the biggest public transportation projects in the world in support of sustainable mobility, such as the Grand Paris Express rail and metro network in Paris, Line 3 of the Riyadh metro network, the Cityringen metro line in Copenhagen and the Red Line North Underground in Doha.

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Milan, May 10, 2018 - Salini Impregilo, a leading global infrastructure group, has received top rating for sustainability for its construction of a prominent part of Sydney Metro Northwest in Australia, the latest acknowledgement of the Group’s respect for the environment in every project it pursues to improve people’s lives.

Salini Impregilo’s work on one of the biggest public transport projects in the country received a “Leading As Built IS rating” – the highest on a scale of three ratings - by the Infrastructure Sustainability Council of Australia (ISCA). The non-profit public and private body operates the country’s only comprehensive rating system to evaluate the sustainability of infrastructure projects in every regard, whether it be environmental, social, economic or governance.

It is the latest recognition that the Group has received from the ISCA. In 2015, it and its partner SMEC won the highest recognition – a Leading Design IS rating- for designing the project in the most environmentally friendly way possible.

Salini Impregilo delivered the section of the project known as the skytrain in the northwest of Sydney, including a 4 kilometre viaduct and a 270-metre, curved cable-stayed railway bridge, the biggest of its kind in the country.

With the billions of Australian dollars it is spending on infrastructure, the country has become an important market for Salini Impregilo. In Perth, the Group and a joint-venture partner is working on a 8.5-kilometre-long rail link that will connect the eastern suburbs with the city centre, helping reduce traffic congestion and air pollution.

Salini Impregilo is involved in some of the biggest public transportation projects in the world in support of sustainable mobility, such as the Grand Paris Express rail and metro network in Paris, Line 3 of the Riyadh metro network, the Cityringen metro line in Copenhagen and the Red Line North Underground in Doha.

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Webuild earns top sustainability rating for Sydney Project

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Webuild earns top sustainability rating for Sydney Project

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Webuild launches 2021-2023 ESG Sustainability Plan: social and environmental performance improves

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Webuild Piano 2021-2023 ESG Sustainability Plan

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MILAN, April 22, 2021 - The Webuild Group has launched a new Environmental, Social and Governance (ESG) Plan for the period 2021-2023, as its social and environmental performance improves following the acquisition of Astaldi with a greater focus on the Sustainable Development Goals (SDGs) set by the United Nations. The plan reinforces the Group’s commitment to protect the environment, promote safety and inclusion among employees, and support technological innovation – goals that have been pursued under Progetto Italia, its industrial operation to consolidate the construction sector in Italy that led to its acquisition of Astaldi in 2020.

“We closed 2020 having exceeded the targets that we had set for ourselves,” said Webuild Chief Executive Pietro Salini. “We also achieved milestones that had posed as difficult challenges for the Group to grow in a sustainable manner during a year of major changes - a historic moment in light of an unprecedented pandemic at the global level. “During this difficult year, the way we work changed forever. We realized how global challenges require coordinated responses among all stakeholders as well as a new ability to invest in innovation and safety systems. We are prode to have been able to meet our goals in terms of emissions, the efficient development of our projects, and inclusion and diversity. We are aware that we keep improving ourselves every day and in every single action that we take. But what pushes us to do even more is, above all, the knowledge that real sustainability comes from being able to provide work to people and knowing that they can safely return home every evening to their families, satisfied in the knowledge that they were able to contribute to making the place where they work better.”

The Group’s ESG Plan for 2021-2023 focuses on three strategic areas: Green, Safety and Inclusion, and Innovation. Webuild will contribute to accelerating the climate transition towards zero emissions, while developing innovative solutions to improve the environmental sustainability of its projects at every stage of their construction and when they finally come into use. It also plans to set the industry benchmark for health and safety, training, inclusion, and production efficiency through a progressive digitalisation of its processes.

The Plan has specific targets to improve performance related to greenhouse gas emissions and accidents at work, increase the number of women in key managerial positions and accelerate investments in innovative projects. In recent years, the Group has been increasing this commitment, leading to it achieving exceptional results in 2020: 89% of the construction backlog is related to projects linked to the advancement of SDGs, while 63% are related to low-carbon projects. Overall, their impact will be significant given how approximately 87 million people worldwide stand to benefit from them.

The Group's commitment has already gained international recognition, leading Webuild to receive an "A" rating from Morgan Stanley Capital International’s (MSCI) ESG Research: an upgrade linked mainly to its stronger governance and its greater focus on the independence and diversity of the Board of Directors. The Group also managed to improve its positioning in the main sustainability ratings of VigeoEiris (Advanced rating), ISS-Oekom (Prime rating) and EcoVadis (Gold rating).

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MILAN, April 22, 2021 - The Webuild Group has launched a new Environmental, Social and Governance (ESG) Plan for the period 2021-2023, as its social and environmental performance improves following the acquisition of Astaldi with a greater focus on the Sustainable Development Goals (SDGs) set by the United Nations. The plan reinforces the Group’s commitment to protect the environment, promote safety and inclusion among employees, and support technological innovation – goals that have been pursued under Progetto Italia, its industrial operation to consolidate the construction sector in Italy that led to its acquisition of Astaldi in 2020.

“We closed 2020 having exceeded the targets that we had set for ourselves,” said Webuild Chief Executive Pietro Salini. “We also achieved milestones that had posed as difficult challenges for the Group to grow in a sustainable manner during a year of major changes - a historic moment in light of an unprecedented pandemic at the global level. “During this difficult year, the way we work changed forever. We realized how global challenges require coordinated responses among all stakeholders as well as a new ability to invest in innovation and safety systems. We are prode to have been able to meet our goals in terms of emissions, the efficient development of our projects, and inclusion and diversity. We are aware that we keep improving ourselves every day and in every single action that we take. But what pushes us to do even more is, above all, the knowledge that real sustainability comes from being able to provide work to people and knowing that they can safely return home every evening to their families, satisfied in the knowledge that they were able to contribute to making the place where they work better.”

The Group’s ESG Plan for 2021-2023 focuses on three strategic areas: Green, Safety and Inclusion, and Innovation. Webuild will contribute to accelerating the climate transition towards zero emissions, while developing innovative solutions to improve the environmental sustainability of its projects at every stage of their construction and when they finally come into use. It also plans to set the industry benchmark for health and safety, training, inclusion, and production efficiency through a progressive digitalisation of its processes.

The Plan has specific targets to improve performance related to greenhouse gas emissions and accidents at work, increase the number of women in key managerial positions and accelerate investments in innovative projects. In recent years, the Group has been increasing this commitment, leading to it achieving exceptional results in 2020: 89% of the construction backlog is related to projects linked to the advancement of SDGs, while 63% are related to low-carbon projects. Overall, their impact will be significant given how approximately 87 million people worldwide stand to benefit from them.

The Group's commitment has already gained international recognition, leading Webuild to receive an "A" rating from Morgan Stanley Capital International’s (MSCI) ESG Research: an upgrade linked mainly to its stronger governance and its greater focus on the independence and diversity of the Board of Directors. The Group also managed to improve its positioning in the main sustainability ratings of VigeoEiris (Advanced rating), ISS-Oekom (Prime rating) and EcoVadis (Gold rating).

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Webuild launches 2021-2023 ESG Sustainability Plan. 35% fewer greenhouse gas emissions by 2022

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Webuild launches 2021-2023 ESG Sustainability Plan. 35% fewer greenhouse gas emissions by 2022

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We continue to grow, reaching new milestones, facing new challenges, with new projects that are coming to life.

We make territories more beautiful, with worldwide acknowledged results.

It’s 2022, our 2022. Webuild.

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We continue to grow, reaching new milestones, facing new challenges, with new projects that are coming to life.

We make territories more beautiful, with worldwide acknowledged results.

It’s 2022, our 2022. Webuild.

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Webuild, the new group born in 2020 from Salini Impregilo, is a leading global player in the construction of large, complex projects for sustainable mobility, clean hydro energy, clean water, green buildings, supporting clients in achieving sustainable development goals (SDGs).

Inspired by sustainable development principles, we leverage on technological and organisational innovation, together with our exceptional human and professional resources, to develop construction solutions capable of enhancing community resources and of contributing to the economic development and social wellbeing of local populations.

We bring change to the territories where we operate, building innovative and sustainable works capable of meeting the needs of today's and tommorrow's people. We envision, design and build a new world, bringing the present closer to the future, to improve people's lives today and tomorrow.

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Webuild, the new group born in 2020 from Salini Impregilo, is a leading global player in the construction of large, complex projects for sustainable mobility, clean hydro energy, clean water, green buildings, supporting clients in achieving sustainable development goals (SDGs).

Inspired by sustainable development principles, we leverage on technological and organisational innovation, together with our exceptional human and professional resources, to develop construction solutions capable of enhancing community resources and of contributing to the economic development and social wellbeing of local populations.

We bring change to the territories where we operate, building innovative and sustainable works capable of meeting the needs of today's and tommorrow's people. We envision, design and build a new world, bringing the present closer to the future, to improve people's lives today and tomorrow.

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We are a global player with strong roots in Italy, specialized in the construction of complex infrastructure for the sustainable mobility, hydroelectric energy, water and green buildings sectors. Innovative and sustainable works that improve the lives of today's and tommorrow's people.

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We are a global player with strong roots in Italy, specialized in the construction of complex infrastructure for the sustainable mobility, hydroelectric energy, water and green buildings sectors. Innovative and sustainable works that improve the lives of today's and tommorrow's people.

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Webuild: our DNA

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Webuild: our DNA

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Inspired by sustainable development principles, we leverage on technological and organisational innovation, together with our exceptional human and professional resources, to develop construction solutions capable of enhancing community resources and of contributing to the economic development and social wellbeing of local populations.

Webuild, partner per un futuro sostenibile.

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Inspired by sustainable development principles, we leverage on technological and organisational innovation, together with our exceptional human and professional resources, to develop construction solutions capable of enhancing community resources and of contributing to the economic development and social wellbeing of local populations.

Webuild, partner per un futuro sostenibile.

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We are builders, but we do not build for ourselves.

What we build, we build for everyone. Every day, we do it with passion and skill. Our aim is to guarantee the excellence of our work, producing something innovative and respectful of people and the environment. With this video we celebrate our culture through the beauty of dance.

#Webuildourplanet

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We are builders, but we do not build for ourselves.

What we build, we build for everyone. Every day, we do it with passion and skill. Our aim is to guarantee the excellence of our work, producing something innovative and respectful of people and the environment. With this video we celebrate our culture through the beauty of dance.

#Webuildourplanet

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A Partner for a sustainable future
We Build Our Planet

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A Partner for a sustainable future
We Build Our Planet

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Infrastructure: job and economy renewal engine for Italy.

There are 10,000 businesses that work alongside the Webuild Group on 29 major infrastructure projects across Italy on contracts so far worth a combined value of  €13 billion, 95% of which assigned to suppliers and sub-suppliers based in the country.

These businesses are part of an articulated system that create new jobs in communities across Italy.

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Infrastructure: job and economy renewal engine for Italy.

There are 10,000 businesses that work alongside the Webuild Group on 29 major infrastructure projects across Italy on contracts so far worth a combined value of  €13 billion, 95% of which assigned to suppliers and sub-suppliers based in the country.

These businesses are part of an articulated system that create new jobs in communities across Italy.

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Webuild's Supply Chain: at work in Italy on 29 projects with 10,000 businesses

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Webuild's Supply Chain: at work in Italy on 29 projects with 10,000 businesses

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Webuild: 115 anni di infrastrutture ed ingegneria 

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Webuild is putting its 116 years of experience and staff of 80,000 at the service of Italy as the country looks to relaunch infrastructure development and employment.

The expertise and experience that the Group is offering are synonymous with excellence, as was seen in the construction of the Genova San Giorgio Bridge. They are what the Group wants to consolidate in Italy at a time of reform to improve the country’s productivity and competitiveness.

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Webuild is putting its 116 years of experience and staff of 80,000 at the service of Italy as the country looks to relaunch infrastructure development and employment.

The expertise and experience that the Group is offering are synonymous with excellence, as was seen in the construction of the Genova San Giorgio Bridge. They are what the Group wants to consolidate in Italy at a time of reform to improve the country’s productivity and competitiveness.

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Webuild : 116 years of infrastructure and Italian engineering for sustainable development

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Webuild : 116 years of infrastructure and Italian engineering for sustainable development

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The 5P Sustainability Manifesto represents our top 5 priorities we embrace in our day-to-day activities to ensure excellence, innovation and respect towards all our stakeholders. People, Planet, Progress, Partnership, Prosperity: Webuild a sustainable future!

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The 5P Sustainability Manifesto represents our top 5 priorities we embrace in our day-to-day activities to ensure excellence, innovation and respect towards all our stakeholders. People, Planet, Progress, Partnership, Prosperity: Webuild a sustainable future!

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Video Spot TV Webuild al servizio del paese

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Italian quality and engineering in the world.

Great works that improve people's lives.

A team of 83,000 women and men, capable of creating jobs for young people too.

For 117 years we have been serving Italy, to build the future.

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Italian quality and engineering in the world.

Great works that improve people's lives.

A team of 83,000 women and men, capable of creating jobs for young people too.

For 117 years we have been serving Italy, to build the future.

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Webuild for Italy

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Webuild for Italy

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During this extraordinary year, we kept our pledge to improve the lives of millions of people, all over the world.

In our search for new challenges, we found ourselves, with a new identity and a new idea for a sustainable future. All together.

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During this extraordinary year, we kept our pledge to improve the lives of millions of people, all over the world.

In our search for new challenges, we found ourselves, with a new identity and a new idea for a sustainable future. All together.

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Webuild Search

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Webuild Search

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With our hands, we wish to continue doing: building works for a better future

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We build large infrastructure, with our hands

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We build large infrastructure, with our hands. We make bridges, roads, metros, railways and dams, grow from nowhere. With our hands, we won the most difficult challenges, together. W ise hands capable of handling the best technology and of building great works. They have always represented our greatest wealth, shaping our dreams.

It's what we know how to do. It's what we wish to continue doing: building works for a better future.

With our hands.

Webuild.

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We build large infrastructure, with our hands. We make bridges, roads, metros, railways and dams, grow from nowhere. With our hands, we won the most difficult challenges, together. W ise hands capable of handling the best technology and of building great works. They have always represented our greatest wealth, shaping our dreams.

It's what we know how to do. It's what we wish to continue doing: building works for a better future.

With our hands.

Webuild.

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With our hands

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With our hands

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Webuild: a brand that tells the story of how a global Group with strong roots in Italy evolved. Created to build the future together.

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Webuild: a brand that tells the story of how a global Group with strong roots in Italy evolved. Created to build the future together.

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Webuild: The Future is now

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Webuild: The Future is now

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Webuild together for a sustainable tomorrow

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Webuild together for a sustainable tomorrow

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We are committed to the sustainable development of entire nations, through major projects and hydroelectric projects , which will guarantee clean and low-cost energy for tens of millions of people around the world, contributing to the energy transition process towards a low carbon future.

We work every day to sustainably manage water throughout the water supply chain, through infrastructure, projects and works capable of increasing water availability even where natural resources are insufficient or polluted, as well as protecting the areas in which we operate from extreme weather phenomena.

In Webuild, water is a priority.

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We are committed to the sustainable development of entire nations, through major projects and hydroelectric projects , which will guarantee clean and low-cost energy for tens of millions of people around the world, contributing to the energy transition process towards a low carbon future.

We work every day to sustainably manage water throughout the water supply chain, through infrastructure, projects and works capable of increasing water availability even where natural resources are insufficient or polluted, as well as protecting the areas in which we operate from extreme weather phenomena.

In Webuild, water is a priority.

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Webuild Water Experience

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Webuild Water Experience

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International trends in the construction sector, sustainable growth, innovative designs. All this is We Build Value, the digital Magazine of Webuild

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The Group's new magazine is underway: We build value, dedicated to insights and news on the world of construction and major works.

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We build value‚, Salini Impregilo's news magazine, online from October 1st - Salini Impregilo

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Milan, 28 September 2015 - "We build value", the News Magazine of the Salini Impregilo Group will be online from October 1st.

It can be reached directly through www.webuildvalue.com or through www.webuildgroup.com. In English and in Italian, it offers declarations, interviews, reportages and in-depth analyses on the great topics that concern the global economy and the current megatrends. It greatly focuses upon the infrastructure sector and large works, where the Salini-Impregilo Group plays a key role globally.

The First Issue deals with these topics: the impact of infrastructural investments on development, which is explained in detail by the senior economist of the OCSE, Mr. Andrea Goldstein; the effects of the "megacity boom" according to Mr. Hugues de Jouvenel, Chairman of “Futuribles International”; the 2016 economic forecasts, which have been drawn by Mr. Olivier Blanchard, Director of the Research Department of the International Monetary Fund. And again: a reportage on Ethiopia, one of the five fastest growing economies in the world; an article concerning the U.S. Government Investment Programme aimed at re-launching large works; and finally, an analysis of the development policies adopted in the last years by the Countries of the Arabian Peninsula. But the reader will also be offered an interesting description of some of the sector’s most innovative works, works that have been realised by the Salini Impregilo Group.

Inspired by "corporate journalism" principles, this new online Magazine follows the steps of many global Companies, which aim at becoming media companies or producers of news articles and corporate culture that appeal to the excellence of the sectors in which they work.

"We build value", the online Magazine, aims for these very reasons at becoming an independent and authoritative creator of quality content, offering a picture of the world and of its levers of growth, even through the industrial mission and work that the Salini Impregilo Group is carrying out in more than 50 Countries.

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Milan, 28 September 2015 - "We build value", the News Magazine of the Salini Impregilo Group will be online from October 1st.

It can be reached directly through www.webuildvalue.com or through www.webuildgroup.com. In English and in Italian, it offers declarations, interviews, reportages and in-depth analyses on the great topics that concern the global economy and the current megatrends. It greatly focuses upon the infrastructure sector and large works, where the Salini-Impregilo Group plays a key role globally.

The First Issue deals with these topics: the impact of infrastructural investments on development, which is explained in detail by the senior economist of the OCSE, Mr. Andrea Goldstein; the effects of the "megacity boom" according to Mr. Hugues de Jouvenel, Chairman of “Futuribles International”; the 2016 economic forecasts, which have been drawn by Mr. Olivier Blanchard, Director of the Research Department of the International Monetary Fund. And again: a reportage on Ethiopia, one of the five fastest growing economies in the world; an article concerning the U.S. Government Investment Programme aimed at re-launching large works; and finally, an analysis of the development policies adopted in the last years by the Countries of the Arabian Peninsula. But the reader will also be offered an interesting description of some of the sector’s most innovative works, works that have been realised by the Salini Impregilo Group.

Inspired by "corporate journalism" principles, this new online Magazine follows the steps of many global Companies, which aim at becoming media companies or producers of news articles and corporate culture that appeal to the excellence of the sectors in which they work.

"We build value", the online Magazine, aims for these very reasons at becoming an independent and authoritative creator of quality content, offering a picture of the world and of its levers of growth, even through the industrial mission and work that the Salini Impregilo Group is carrying out in more than 50 Countries.

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“We build value”, Salini Impregilo's news magazine, online from October 1st

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“We build value”, Salini Impregilo's news magazine, online from October 1st

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Fisia Italimpianti: online il nuovo sito

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Visit the new website of the Group company world leader in sustainable design and water treatment and desalination plants.

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Fisia Italimpianti: new website now online - Webuild

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Genova, June 6, 2018 – Fisia Italimpianti's institutional site is now online. The company belongs to the Salini Impregilo Group, the global leader in sustainable design and construction of water treatment and desalination plants.

Fisia, in renewing its site, www.fisiait.com, also presents a new digital identity: its communication style is now innovative, impacting and makes use of multimedia solutions, to promote a global leadership in the water sector. It does this by narrating success stories and ones telling of the value created by the company, both in Italy and abroad.

The portal includes an interactive map of the projects, with augmented reality, dynamic and multimedia project files, and interactive tools with track records, telling of the value created for the communities.

In line with the Group's communication activities, the new site does not merely describe the company, but also wishes to offer a broader description of the sector's global scenario, and to daily create a red thread connecting the Group's vision, to the future of infrastructure and to the priorities for sustainably and efficiently managing our planet's resources.

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Genova, June 6, 2018 – Fisia Italimpianti's institutional site is now online. The company belongs to the Salini Impregilo Group, the global leader in sustainable design and construction of water treatment and desalination plants.

Fisia, in renewing its site, www.fisiait.com, also presents a new digital identity: its communication style is now innovative, impacting and makes use of multimedia solutions, to promote a global leadership in the water sector. It does this by narrating success stories and ones telling of the value created by the company, both in Italy and abroad.

The portal includes an interactive map of the projects, with augmented reality, dynamic and multimedia project files, and interactive tools with track records, telling of the value created for the communities.

In line with the Group's communication activities, the new site does not merely describe the company, but also wishes to offer a broader description of the sector's global scenario, and to daily create a red thread connecting the Group's vision, to the future of infrastructure and to the priorities for sustainably and efficiently managing our planet's resources.

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Fisia Italimpianti: new website now online

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Fisia Italimpianti: new website now online

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Webuild: delegazione europarlamento in visita ai cantieri del Terzo Valico dei Giovi

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Webuild: delegazione europarlamento in visita ai cantieri del Terzo Valico dei Giovi

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Pietro Salini, AD Webuild, Galleria di Base del Brennero

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Pietro Salini, AD Webuild, Galleria di Base del Brennero

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Webuild accelera sulle linee ferroviarie ad Alta Capacità in Sicilia

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Webuild accelera sulle linee ferroviarie ad Alta Capacità in Sicilia

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Ponte sullo stretto di Messina render notturno

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Ponte sullo stretto di Messina render notturno

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Webuild + Clough, stronger together In Perth, we welcomed our new colleagues_2_0.png

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Video Webuild+Clough. Stronger together in Australia

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Video Webuild+Clough. Stronger together in Australia

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Australia picks a “green infrastructure” path for its future.jpg

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We Buid Value articolo Australia 30 aprile

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We Buid Value articolo Australia 30 aprile

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Forrestfield Airport Link - video brochure - Webuild

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Forrestfield Airport Link - video brochure - Webuild

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Northern Marmara Motorway and Yavuz Sultan Selim Bridge (Third Bosphorus Bridge)

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Northern Marmara Motorway and Yavuz Sultan Selim Bridge (Third Bosphorus Bridge)

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Webuild + Clough, stronger together In Perth, we welcomed our new colleagues_2_0.png

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Australia picks a “green infrastructure” path for its future.jpg

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public://2020-04/Australia picks a “green infrastructure” path for its future.jpg

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Premio Alberto Giovannini - Innovation and digitalization in infrastructure - Webuild

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Nota Stampa Webuild leader sostenibilità Sole24Ore

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Milan, April 30, 2021 - Webuild among the 2021 sustainability leaders, according to the report of the 150 most sustainable Italian companies. The data emerged from the collaboration between the analytics company, Statista, and the Italian newspaper Il Sole 24 Ore.

The Group has been pursuing a path of continuous improvement in recent years. 2020 was a year of exceptional results: 89% of the 2020 construction backlog relates to projects linked to the advancement of the SDGs. And 63% of these are related to low-carbon projects, with a significant impact in terms of population benefiting from the ongoing projects, equal to approximately 87 million people worldwide.

The Group's sustainability performance, made possible by investments in innovation, both at project and corporate level are highlighted by the results achieved: 69% of the waste produced is sent for recovery; 49% fewer CO2 emissions in 2020, compared to 2015; 91% of local procurement, 82% of personnel hired locally. The Group aims constantly to improve these numbers, with its recently issued 2021-2023 ESG Plan which will strengthen its commitment to environmental sustainability, safety and inclusion topics, and to technological innovation ones, in the context of Progetto Italia, the Italian industrial infrastructural consolidation operation that has already led to the integration of Astaldi in Webuild, during 2020.

Statista's research with Il Sole 24 Ore was based on the three sustainability macro-areas: environmental, social and corporate governance. Statista researchers analysed 2019 sustainability reports, non-financial statements and integrated financial statements, (if not available 2018), of 450 firms. These were taken from an initial database of 1,200 companies, all headquartered in Italy. 35 KPIs were identified for each area. Based on these, only 150 of the companies analysed, including Webuild, were selected to be in the final list published in Il Sole 24 Ore. These results hinge on financial sustainability. In fact, the ranking shows that, in light of the results, in terms of emission reduction, diversity and safety at work, sustainable companies are financially stable and growing.

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Milan, April 30, 2021 - Webuild among the 2021 sustainability leaders, according to the report of the 150 most sustainable Italian companies. The data emerged from the collaboration between the analytics company, Statista, and the Italian newspaper Il Sole 24 Ore.

The Group has been pursuing a path of continuous improvement in recent years. 2020 was a year of exceptional results: 89% of the 2020 construction backlog relates to projects linked to the advancement of the SDGs. And 63% of these are related to low-carbon projects, with a significant impact in terms of population benefiting from the ongoing projects, equal to approximately 87 million people worldwide.

The Group's sustainability performance, made possible by investments in innovation, both at project and corporate level are highlighted by the results achieved: 69% of the waste produced is sent for recovery; 49% fewer CO2 emissions in 2020, compared to 2015; 91% of local procurement, 82% of personnel hired locally. The Group aims constantly to improve these numbers, with its recently issued 2021-2023 ESG Plan which will strengthen its commitment to environmental sustainability, safety and inclusion topics, and to technological innovation ones, in the context of Progetto Italia, the Italian industrial infrastructural consolidation operation that has already led to the integration of Astaldi in Webuild, during 2020.

Statista's research with Il Sole 24 Ore was based on the three sustainability macro-areas: environmental, social and corporate governance. Statista researchers analysed 2019 sustainability reports, non-financial statements and integrated financial statements, (if not available 2018), of 450 firms. These were taken from an initial database of 1,200 companies, all headquartered in Italy. 35 KPIs were identified for each area. Based on these, only 150 of the companies analysed, including Webuild, were selected to be in the final list published in Il Sole 24 Ore. These results hinge on financial sustainability. In fact, the ranking shows that, in light of the results, in terms of emission reduction, diversity and safety at work, sustainable companies are financially stable and growing.

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Webuild among 2021 Italian sustainability leaders according to Statista-Il sole 24 Ore Report

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Webuild among 2021 Italian sustainability leaders according to Statista-Il sole 24 Ore Report

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A section with press releases, news, events, press kit, a multimedia gallery and the press review about the Salini Impregilo Group.

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Webuild, ex Salini Impregilo, is a leader in construction and major works. Dams, hydroelectric plants, highways, bridges, subways and railways.

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Webuild, new name Salini Impregilo: the projects carried out

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Create the world you would like. Join us

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Create the world you would like. Join us

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100 Young Engineers from the Universities of Southern Italy

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100 Young Engineers from the Universities of Southern Italy

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We train the new generation of skilled workers

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We train the new generation of skilled workers

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Webuild Next Gen: We believe in young talents and designs its future by investing in their present

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Webuild Next Gen: We believe in young talents and designs its future by investing in their present

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The Group develops training and professional experiences to enhance and cultivate people's talent in an international and multicultural environment.

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Carrer opportunities and work challenges - Webuild

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Webuild per i Giovani - 100 Giovani Ingegneri Sud

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Webuild NextGen - 100 Young Engineers from the Universities of Southern Italy

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100 Young Engineers from the Universities of Southern Italy - Webuild NextGen

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Webuild Next-Gen - Programmes and Initiatives for young talents

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Programmes and Initiatives for young talents - Webuild Next-Gen

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public://2023-01/Ponte di Genova - Italia  _01.jpg