Fluor // 2023 Integrated Report

23 2023 Integrated Report 01 Our Company and Strategy 02 Our Businesses 03 Our Functions 04 Our Corporate Information “Whether it’s pioneering a mining process, revitalizing infrastructure, advancing pharmaceuticals or driving semiconductor production, Fluor sits at the intersection of the industries that are repositioning our world for the better.” WHAT WERE A FEW 2023 PROJECT HIGHLIGHTS? Fluor is providing engineering, procurement and construction management services for the Lilly project in Boone County, Indiana. The project includes two pharmaceutical manufacturing facilities for semaglutide products. BHP Canada selected Fluor to develop Stage 2 of its multi-billiondollar Jansen potash project in Saskatchewan, Canada. Potash is essential in supporting eco-friendly agriculture, and it is critical for food security. Once complete, the Jansen site will be capable of producing approximately 8.5 million tons of potash per year. We are providing engineering, procurement and construction management services for a semiconductor facility in Malaysia. The project celebrated 5 million hours without a days away, restricted or transferred (DART) incident in October 2023. Together with Anglo American and Mitsubishi, we celebrated the successful completion of their digitalized and groundbreaking Quellaveco Open-Pit Copper Mine in Peru.  Read more about the Quellaveco Open-Pit Copper Mine project on pages 24-25 What has your team done over the last year that exemplified Fluor’s core value of excellence? Our team has seen the results of their dedication to excellence in several areas of the business this past year, specifically relating to safety and project execution. On the safety front, across Urban Solutions, we reduced our recordable incident rate by more than 49%. To achieve this, every business line president, project director and project management team made a concerted effort to improve performance and make safety personal. It was hands-on, walking the field, talking to craft workers and explaining why safety is so important. Our metrics are more than numbers; they mean something because they represent people’s lives. From an execution standpoint, we expanded our advanced technology and life science offering and project delivery capabilities. Today’s market has significant opportunities in terms of quantity and size of project. To serve this growing market, we have enhanced our collaboration with other Fluor segments to gain greater access to our global resources and capabilities. The positive impacts of this approach are evident on our projects and through our increasing backlog. How is Urban Solutions driving growth across Fluor’s portfolio? We are seeing substantial growth across the full Urban Solutions portfolio, with year-over-year increases in both backlog and new awards. Q&A with Terry Towle, Group President (Retired), Urban Solutions In addition, we worked hard to ensure that we have the right people in the right roles to maximize our expertise and leadership capabilities. We have worked to drive growth through excellence in execution by successfully completing projects, like Quellaveco; turning legacy projects around; refocusing in some industries to meet market needs; and following through on our stakeholder commitments. What are some recent changes to the Urban Solutions leadership team? After serving Fluor for the last four decades, I announced my retirement in late 2023. Succeeding me as Group President of Urban Solutions, effective January 2024, is Tony Morgan. Tony has been with Fluor for more than 30 years and has experience working with clients in multiple industries. I have no doubt that Tony, together with his leadership team and all who work within Urban Solutions, will build upon a very successful 2023 to deliver continuing growth in 2024 and thereafter. Grew new awards by more than $7 billion and backlog by 90.5% in two years.