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Fluor CorporationInvestor Overview

Second Quarter 2014

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Safe Harbor Statement

Any forward-looking statements (including without limitation statements to the effect

that the company or its management “believes,” “expects,” “anticipates,” “plans,” or

other similar expressions) made in this presentation are based on current management

expectations as to what may occur in the future. However, the company’s actual results

for future fiscal periods and any corporate developments will depend on a number of

economic, competitive and other factors including some of which will be outside the

control of the company. Such factors could cause the company’s actual results for future

periods to differ materially from those expressed in any forward-looking statements

made in this presentation. Information concerning those factors is available in our Form

10-K filed on February 18, 2014 and Form 10-Q filed on July 31, 2014.

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Fluor Profile

A leading Engineering, Procurement, Construction and Maintenance Services (EPCM) company

Long term global presence and mega-project experience

Diversified across energy, industrial and government markets

Strong Front-End Engineering and Design (FEED) capability

$2.7 billion in cash and marketable securities at quarter-end

New awards of $5.9 billion in 2Q; backlog of $40.3 billion

Quarterly dividend $0.21 per share

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Global Business Segments

Oil & GasUpstream, Downstream, Petrochemicals

Industrial & InfrastructureMining, Infrastructure, Manufacturing,

Life Sciences, Operations & Maintenance

PowerGas, Coal, Nuclear, Renewables

Global ServicesAMECO, TRS, Fabrication, Construction,

Supply Chain

GovernmentU.S. Agencies

60%

23%13%

4%

28%

54%

11% 3%4%

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New Awards & Backlog

$40.8

$38.2 $37.5 $37.0 $36.5 $34.9

$40.2 $40.3

3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14

Backlog

$6.3

$5.1

$6.5

$7.2

$5.6 $5.8

$10.7

$5.9

3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14

New Awards $ in Billions

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Backlog ̶ $40.3 Billion

80% 20%

34%

30%31%

5%

United States

The Americas

Reimbursable

Fixed Price

Europe, Africa, and Middle East

Asia Pacific

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Second Quarter 2014 Financial Performance

($ in millions, except EPS) 6/30/2013 6/30/2014

Revenue $ 7,190 $ 5,252Segment Profit 288 313Net Earnings * 161 163EPS (diluted) 0.98 1.02New Awards 7,194 5,863

Backlog $ 37,049 $ 40,328

Quarter Ended

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* Net earnings attributable to Fluor from continuing operations

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Key Financial Statistics

($ in millions, except EPS) 6/30/2013 6/30/2014

Cash and Marketable Securities $ 2,596 $ 2,675

Debt to Total Capital 13% 13%

Quarterly Dividend per Share $ 0.16 $ 0.21

Return on Equity 13% 18%

Quarter Ended

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$1.98

$3.40

$2.71

$4.06

$4.10 - $4.45

2010 2011 2012 2013 2014 (est)

Earnings Per Share

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Government

Serving Departments of Energy, Defense and Homeland Security

Long-term contracts at DOE’s Savannah River and Portsmouth sites

New awards in 2Q included Magnox nuclear decommissioning contract in U.K. and LOGCAP IV task order awards

Selected as preferred bidder for Paducah Deactivation and Shutdown contract

2011 2012 2013 2014 YTD

$3.4 $3.3$2.7

$1.2

Revenue ($ in Billions)

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Global Services

Segment includes:

Equipment

Staffing

Global procurement

Construction

Fabrication

Fabrication partnerships in the Philippines, Mexico and Canada

2011 2012 2013 2014 YTD

$573$680 $662

$288

Revenue ($ in Millions)

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Industrial & Infrastructure

2Q New awards included EPCM of a large manufacturing facility in U.S.

Limited opportunity in Infrastructure

Fluor consortium was recently selected as the preferred bidder for A9 PPP-financed highway project in the Netherlands

Continues to be a lack of significant prospects and awards in Mining and Metals

2011 2012 2013 2Q 2014

$21.5

$17.2

$10.5 $9.2

Backlog ($ in Billions)

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Power

Backlog consists of solar and gas-fired projects

Executed a cooperative agreement with DOE on cost-sharing structure for NuScale funding

Continuing to bid for new gas-fired opportunities this year in North America

Expect prospects to improve in 2015

2011 2012 2013 2Q 2014

$1.8 $1.9 $2.0$1.7

Backlog ($ in Billions)

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Oil & Gas

2Q new awards of $1.5 billion included

Delayed coking unit for a refinery in Belgium

Additional work on Santos in Australia

EPCM for a reverse osmosis project in Saudi Arabia

LNG break bulk facility in The Netherlands

Backlog currently $24.2 billion, up 29 percent from a year ago

Strong prospect list in U.S., Canada, Mexico, the Middle East and Asia

Expect a number of FEED programs to convert to EPC awards in 2014 and 2015

2011 2012 2013 2Q 2014

$15.1$18.2

$20.0$24.2

Backlog ($ in Billions)

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Fluor Summary

New awards: $5.9 billion in 2Q

Prospects and FEED activity remain strong

Strong growth in Oil & Gas segment

Profit up 57 percent y-o-y

Large prospects including upstream, downstream, petrochemical and LNG

Backlog $40.3 billion

2014 EPS guidance maintained at $4.10 ‒ $4.45

$2.7 billion in Cash & Marketable Securities

Share buybacks of $132 million in 2Q

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