7 2025 INTEGRATED REPORT DRIVEN TO DELIVER We are driven to deliver for our clients and our shareholders. For our clients, we execute complex projects that help them advance their business objectives. For our investors, we focus on growth markets that will deliver sustainable and growing earnings. By delivering outcomes that earn client trust and repeat work, we create a durable foundation for long‑term shareholder value. On the following pages, we further explore our key market segments – where client needs, Fluor’s capabilities, and long‑term opportunities intersect – and the role these markets play in shaping our future. Through selected examples, we illustrate how our teams are driven to deliver safe, reliable outcomes by applying our technical expertise and disciplined project management approach. OUR STRATEGIC PRIORITIES Fluor’s collective efforts are guided by our four strategic priorities: Refer to pages 14 to 15 for details on Fluor's financial and non-financial performance in 2025. OUR MARKET OPPORTUNITIES We focus on projects where our delivery model, global footprint, and people are aligned with client needs: Drive growth across the portfolio ` Focus our efforts on key markets where our strengths and capabilities provide a competitive advantage. ` Target selective acquisitions to complement existing capabilities in growth markets. Pursue fair and balanced contract terms ` Pursue projects where the commercial and contract terms appropriately reward Fluor for the value we provide. ` Maintain a majority reimbursable mix, while also taking on fixed price contracts selectively for certain markets and scopes. Reinforce financial discipline ` Maintain our strong financial position by generating predictable cash flow and earnings. ` Invest in our people and growth markets, maintain low debt-leverage metrics, and return capital to shareholders. Foster a high-performance culture of project delivery ` Deliver our projects safely and with quality, while meeting cost and schedule targets, by leveraging technology tools including artificial intelligence (AI). ` Provide our employees with development opportunities and continue our commitment to inclusion, sustainability, and creating a positive impact in our communities. Advanced Technologies Semiconductors and data centers, where complex, schedule-driven delivery is at a premium. Life Sciences Large‑scale life sciences programs and capacity expansions that accelerate access to life‑saving and life‑enhancing medicines. Mining and Metals Copper, iron ore, aluminum, steel, rare earths, and other critical minerals that underpin electrification and digital infrastructure. Chemicals and Fuels Opportunities in base and specialty chemicals in addition to fuels‑related work including refinery upgrades and the development of renewable fuels. Liquefied Natural Gas (LNG) Reliable, affordable energy supply supported by durable global demand. Power Gas‑fired and nuclear generation that enables grid reliability and industrial and data growth. Nuclear Security and Deterrence Work that supports modernization and strengthening of domestic supply chains. Read more about our key markets on pages 18 to 31. Leadership and Governance Our Key Markets Our Impact Who We Are
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