Welcome to our

2015 Annual General Meeting

2 September 2015

John Dodds Chairman

Ian Lawson Chief Executive Officer

Ian Cochrane Chief Operating Officer

Alan Dunsmore Finance Director

Derek Randall Executive Director & Managing Director at JSW Severfield Structures Ltd

Kevin Whiteman Senior Independent Director

Tony Osbaldiston Non-executive Director & Chairman of Audit Committee

Alun Griffiths Non-executive Director & Chairman of Remuneration Committee

Chris Holt Non-executive Director

Mark Sanderson Company Secretary

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The Board

John Dodds

Chairman

Alan Dunsmore

Finance Director

Ian Lawson

Chief Executive Officer

Ian Cochrane

Chief Operating Officer

Derek Randall

Executive Director

Alun Griffiths

Non-executive Director

Chris Holt

Non-executive Director

Kevin Whiteman

Non-executive Director

Mark Sanderson

Company Secretary

Tony Osbaldiston

Non-executive Director

Thank you slide

AGM Statement

Ian Lawson Chief Executive Officer

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• Underlying profit before tax of £8.3m

• UK operating margin up at 4.5%

• Improved cash performance

• India: operating margin up at 9%, share of losses for the year reduced to £0.2m

• Improved UK order book of £188m

• Consistent India order book of £36m

• Encouraging level of new opportunities in the pipeline

• Good progress on strategy, with continued operational improvement and the

commencement of the growth programme e.g. Mabey Bridge team

• Return to dividend of 0.5p per share

Highlights

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• Remedial works to replace bolts on-going

• Caused by Hydrogen Embrittlement

• £6m estimated cost, non-underlying

• Without prejudice discussions on-going

Leadenhall

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Market sectors

Health and education Stadia and leisure

Retail Commercial offices Transport Data centres and other

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Power and energy Industrial and distribution

Consistent and quality order book (£m)

197

178 172 168

185 194

188

0

50

100

150

200

250

May-13 Aug-13 Nov-13 May-14 Nov-14 Jun-15 Aug-15

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Current major projects

1. London Bridge Canopies

2. Anfield Stadium

3. M8 Bridges

4. One New Street Square

5. Project Thunderbird

6. Telehouse, London

7. Nova, Victoria

8. Costco Crick

9. Manchester City Football Club

10.New London Embassy

2

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London Bridge Station Canopies

Project Thunderbird, Northamptonshire

Liverpool Football Club, Anfield Stadium Expansion

US Embassy, London

Telehouse North, London

Liverpool FC Anfield Stadium

Current major projects

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Nova, Victoria, London CIT’s South Bank Tower, London 1 New Street Square, London

Manchester City FC, Etihad Expansion

Costco, Crick

Current projects - India

1. K Raheja, Corporate Office Extension, Mumbai

2. K Raheja, Metal Box, Mumbai

3. NetApp Office, Bangalore

4. Intel Office, Bangalore

5. JSW Steel, Dolvi: Bar Mill, Billet Caster, Sinter Plant

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NetApp Office, Bangalore Intel Office, Bangalore

K Raheja, Corporate Office Extension, Mumbai

JSW Steel, Sinter Plant, Dolvi

JSW Steel, Bar Mill, Dolvi Centrade Business Park, New Delhi

Market conditions

UK

• Improving pipeline

• Clients becoming more aware of delivery periods

• Strong Infrastructure funding for Rail and Highways opportunities

• Competitor landscape changing

India

• GDP still growing at >7%

• New government promising investment but taking time

• Interest in steel (vs concrete) continuing to grow

• International investment being actively encouraged and incentivised

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Prospects

• Transport: Network Rail, HS2, Highways, Crossrail

• Industrial and distribution

• Commercial offices

Commercial offices

Transport Industrial and distribution

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Tennison Road Bridge

Prospects

3

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Same as projects

layout

Uniserve, Felixstowe

BAE Systems, Barrow

No. 10 Bank Street, Canary Wharf

Prospects

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Gotham City, London

Tottenham Hotspur FC Stadium

St James Hotel, Edinburgh

Prospects - India

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Altair, Colombo, Sri Lanka (Residential) Bizlife Towers, Noida (mixed use) MIDC Office, Mumbai

• Benefit from rising market and increase market

share in UK

• Capitalise on new market sectors such as

infrastructure

• Consider European contracts and/or acquisitions

• Operational improvements and volume growth to

improve UK margins to 8-10% in the medium-term

• Continue to build value in the Indian business

• Continued capital investment of circa £5m per

annum to enhance competitive edge

• Continuing investment in our people and health

and safety management

Our future

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Building on an improving commercial environment

Thank you slide

Thank you