27 2024 Integrated Report Company and Strategy Corporate Information Businesses Enablers SPOTLIGHT Stakeholder Engagement at LNG Canada SPOTLIGHT Optimizing our Global Footprint This year, Fluor welcomed key stakeholders to our LNG Canada Export Facility site, providing them with a firsthand look at our commitment to excellence in project execution. During the visit, our team showcased the project’s progress, innovative construction methods and safety leadership. Attendees had the opportunity to engage with project leaders, gaining insights into how we are delivering value and mitigating risks. At the end of 2024, Fluor’s global operations spanned 3.7 million rentable square feet across both owned and leased properties. This is a 52% reduction in our real estate footprint from the beginning of the year, driven by our move from Sugar Land, Texas to the Energy Corridor and the sale of our Stork business in Europe. This strategic optimization enhances our operational efficiency while supporting our sustainability goals by lowering energy consumption and reducing our environmental impact. LNG Canada // Kitimat, British Columbia, Canada Fluor’s Energy Corridor office // Houston, Texas, United States We are strengthening our capital structure and maintaining a robust cash position by generating consistent cash flow and earnings. This will be achieved through strategic investments in our people and growth markets and maintaining low leverage, all while returning capital to shareholders. We completed the last leg of our Stork divestiture by selling its UK operations, which now allows us to focus on core EPCM opportunities. BUILDING FOR THE FUTURE Looking ahead, we see a continued robust and diverse prospect pipeline with significant opportunities, particularly in the Urban Solutions segment. As we take on this work, we are leveraging our engineering and project leadership strengths. In positioning ourselves for future growth, we also recognize the contributions of those who have helped shape our success. After more than three decades of service, Executive Vice President and Chief Financial Officer Joe Brennan will retire on July 1, 2025. We thank Joe for his outstanding contribution to Fluor’s strengthened financial position and for helping to restore investor confidence. On March 1, 2025, I assumed the role of CFO and am determined to continue driving our financial priorities. I am committed to ensuring that Fluor is poised to deliver continued growth and value for our clients, employees and shareholders, building on the strong foundation established over the last four years. John Regan Executive Vice President, Chief Financial Officer
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