34 Fluor Corporation Commercial Certainty In 2024, we prioritized commercial certainty by strengthening deal terms, remaining committed to our enterprise risk management processes and preparing for evolving regulatory requirements. Through proactive legal strategies and close collaboration across the business, we mitigated risks and positioned the company for long-term success in an increasingly complex regulatory environment. Our Legal team prioritizes delivering contracts and agreements that are clearly defined, enforceable and free from ambiguity. This allows us to avoid disputes and improve predictability for our stakeholders. Additionally, we maintain a robust compliance and ethics program that continues to evolve in support of our core value of integrity. MANAGING RISK Fluor’s risk management strategy is comprehensive and proactive, where potential risks are identified, reviewed and managed effectively both at an enterprise level as well as throughout the entire project life cycle. We use proprietary tools to identify risks, analyze probabilities and assess required mitigations in two phases: proposal and project. Corporate Risk provides continued oversight of risk management for the duration of a project, facilitating global oversight of project execution strategies and alignment. From an enterprise perspective, our top risks center on talent, including recruiting and retention, compensation, succession planning and personnel development. To mitigate these risks, our Human Resources team is focused on building Fluor’s talent pipeline and enhancing our talent management infrastructure. Read more about our approach to development opportunities on pages 24 to 25 STRENGTHENING EXECUTION OUTCOMES 2024 Performance Highlights Collaborated with pursuit teams to achieve fair and balanced contracts and increase the proportion of reimbursable backlog. Conducted an independent ethics survey and saw a favorable response across all categories compared to 2021. Minimized unforeseen issues and upheld robust risk management practices to support our growth drive. Legal team conference // Austin, Texas, United States
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