Bureau Veritas Sa · EURONEXT:BVI
Bureau Veritas Sa — FY 2024 Earnings Presentation
70 slides from Bureau Veritas Sa's earnings presentation, Feb 25, 2025
Slide 1: 2024 Results
2024 February 25, 2025 RESULTS 1
Slide 2: Disclaimer
DISCLAIMER This presentation contains statements related to our future business and financial performance and future events or developments involving Bureau Veritas that may constitute forward-looking statements. These statements are based on current plans and forecasts of Bureau Veritas’ management
Slide 3: Summary
SUMMARY 01 02 03 04 05 HIGHLIGHTS LEAP | 28 FINANCIAL PORTFOLIO OUTLOOK BUSINESS UPDATE REVIEW HIGHLIGHTS 3
Slide 4: Highlights
01. Highlights 4
Slide 5: FY 2024 record results highlights
REVENUE €6.2bn • +6.4% total growth (+10.8% at constant currency) • +10.2% organic growth in FY 2024, of which +9.6% in Q4 A D J . O P E R AT I N G P R O F I T FY 2024 +7.1% y/y RECORD €996.2M Adjusted operating margin of 16.0% +11bps y/y and +38bps at constant currency R E S U LT S ADJ. NET PROFIT
Slide 6: CSR commitment maintained in 2024
CSR COMMITMENT MAINTAINED IN 2024 › Group’s Climate Strategy 2028 FY 2023 FY 2024 target Presented during Ordinary Shareholders’ meeting in June 2024 Scope 1 & 2 CO2 emissions 149 135 107 (in thousand tons)1 Total Accident Rate (TAR)2 0.25 0.24 0.23 › Scope 1 & 2 CO2 emissions in line with SBTi targ
Slide 7: Broad-based organic growth
BROAD-BASED ORGANIC GROWTH GROWTH LED BY ALL BUSINESSES BROAD GROWTH ACROSS ALL REGIONS SIZE OF BOXES IN PROPORTION OF GROUP REVENUE IN PERCENTAGE OF GROUP REVENUE Cumulative revenue Africa, Middle East IND HIGH DOUBLE-DIGIT +23.9% 38% ORGANIC GROWTH 10% organic growth CER Ranging from 13.7% to 19.9
Slide 8: Growth returns: 2024 value creation in line with ambition
2024 VALUE CREATION IN LINE WITH 28 AMBITION 2028 2024 ✓ Organic growth step change : Organic growth : Mid-to-high single digit +10.2% GROWTH organic CAGR High-single digit & +10.8% +6.4% total revenue Scope growth : M&A acceleration CAGR1 At On a and +0.6% constant reported Portfolio high-grading c
Slide 9: LEAP | 28 update
Pe rfo lue Oper rm io ize va ati ol tim pact and onal an Op nd im fu le tf a sca nctio ver ce or lab n a ilit a dP ge led y lds l stro ew ho Focuse N ng exec Inn ution ovat e ship Sustainability 02. nd ion r Expa lead N d e nt g “ ew LEAP | 28 ec m e sk onom h a ug orkin y“ Tec ills y s of w wa upda
Slide 10: LEAP | 28 – Organic growth focus
Focused portfolio M&A execution LEAP I 28 – ORGANIC GROWTH FOCUS LEAP LEAP || 28 28 2024 Expected share of 2024-28 organic Revenue First year Key growth Associated Organic revenue increase mix execution contributors revenue growth • Certification c.55% Expand Leadership1 38% ✓ • Industry Product Cer
Slide 11: LEAP | 28 – Active portfolio management
Focused portfolio M&A execution LEAP I 28 – ACTIVE PORTFOLIO MANAGEMENT LEAP | 28 2024 Expected share of 2024-28 organic Revenue First year M&A Acquisitions revenue increase mix execution progress in annualized revenue c.55% Expand Leadership1 38% ✓✓ 2 acquisitions 1 divestment c. €115m François c.2
Slide 12: Expand leadership in existing strongholds
Focused portfolio M&A execution Acquisitions in 2024 EXPAND KEY B&I LEADERSHIP IN PRIORITIES 1 › IDP Group (Spain) – B&I EXISTING › Building Information Modeling › Tech enabler for Bureau Veritas €30m BUILDINGS revenue generated STRONGHOLDS 1 CAPEX › c.500 employees in 2023 Market leadership in code
Slide 13: Create new strongholds
Focused portfolio M&A execution CREATE NEW STRONGHOLDS KEY PRIORITIES Acquisitions RENEWABLES › Versatec (Netherlands) : technical • Fast-growing markets • Still subscaled, no global leadership advisory for offshore and onshore energy €11m Build a global platform › ArcVera Renewables (USA) : wind, r
Slide 14: Sustainability achievements: create new strongholds
Focused portfolio Organic development Sustainability achievements CREATE NEW c. 5% of c. 6% of c. 15% of STRONGHOLDS Group Group revenue Group revenue revenue • Fast-growing markets Green Objects • Still subscaled, no global leadership double-digit Transition Services • Leverage attributes to accele
Slide 15: Optimize value and impact: acquisitions and divestments
Focused portfolio M&A execution OPTIMIZE VALUE AND IMPACT Acquisitions & divestments SOFTLINES, › Ongoing diversification of the portfolio • Mix of businesses in mature markets TOYS, HARDLINES › Opportunistic acquisition of LBS Group (Italy), a leader in • Continue monitoring growth Consumer Product
Slide 16: LEAP | 28 – Performance-led execution
LEAP I 28 – PERFORMANCE-LED EXECUTION Operational leverage First year Functional scalability First year execution execution Performance programs 1. Performance management ✓✓✓ 1. Share services center ✓ 2. Process improvement ✓✓ 2. Strategic procurement ✓✓ 3. Tech-augmented ways of working ✓ François
Slide 17: Financial review
03. Financial review 17
Slide 18: Step change in growth and returns
STEP CHANGE IN GROWTH AND RETURNS STARTING IN 2024 ORGANIC REVENUE GROWTH +10.2% Strong broad-based organic revenue growth throughout the full year 2024 ADJUSTED OPERATING MARGIN 16.0% Margin up 38 basis points at constant currency ADJ. EARNINGS PER SHARE GROWTH Strong EPS growth led by operating an
Slide 19: FY 2024 total revenue growth of 6.4%
FY 2024 TOTAL REVENUE GROWTH OF 6.4% REVENUE EVOLUTION VARIATION ANALYSIS In € million +10.8% at constant currency +10.2% +0.6% (4.4)% 6,240.9 5,867.8 François FY 2023 Organic 1 Scope Currency FY 2024 (1) Alternative performance indicators are presented, defined and reconciled with IFRS in appendix
Slide 20: Revenue growth by business
REVENUE GROWTH BY BUSINESS % of FY FY 2024 Q4 2024 revenue 29% Buildings & Infrastructure (0.2)% +5.2% +3.5% +0.9% 21% Industry (1.2)% +19.9% +20.6% +0.5% 20% Agri-Food & Commodities +5.7% +5.3% 13% Consumer Products +8.1% +6.2% +10.2% +7.5% 9% Certification +15.0% +1.7% +11.3% +4.2% 8% Marine & Off
Slide 21: Adjusted operating margin (1/2)
ADJUSTED OPERATING MARGIN (1/2) GROUP MARGIN EVOLUTION 38bps at constant currency 33bps 5bps (27)bps François 16.3% 15.9% 16.0% Margin at FY 2023 Organic1 Scope Currency FY 2024 constant currency (1) Alternative performance indicators are presented, defined and reconciled with IFRS in appendix of th
Slide 22: Adjusted operating margin (2/2)
ADJUSTED OPERATING MARGIN (2/2) GROUP MARGIN EVOLUTION Total Organic Scope Currency FY 2024 FY 2023 (1) change y/y (bp) y/y (bp) y/y (bp) y/y (bp) Marine & Offshore 23.5% 23.8% (33)bps +34bps (1)bp (66)bps Agri-Food & Commodities 13.9% 14.9% (99)bps (91)bps - (8)bps Industry 14.3% 14.2% +17bps +74bp
Slide 23: FY 2024 key financial metrics
FY 2024 KEY FINANCIAL METRICS FINANCIAL HIGHLIGHTS Change Change IN EUR MILLIONS FY 2024 FY 2023 y/y at constant y/y currency Revenue 6,240.9 5,867.8 +6.4% +10.8% Adjusted operating profit1 996.2 930.2 +7.1% +13.4% Adjusted operating margin1 +16.0% +15.9% +11bps +38bps Operating profit 933.4 824.4 +
Slide 24: A steady increase in shareholder returns
A STEADY INCREASE IN SHAREHOLDER RETURNS ADJUSTED EARNINGS & DIVIDEND PER SHARE EARNINGS PER SHARE (ON A REPORTED BASIS) IN € PER SHARE IN € PER SHARE Total growth from Dec. 2019 to Dec. 2024 : c. 35% Total growth from Dec. 2021 to Dec. 2024: c. 70% +8.7% Adj. EPS growth €1.38 +8.7% y/y €1.27 +13.8%
Slide 25: Strong focus maintained on cash flow generation
STRONG FOCUS MAINTAINED ON CASH FLOW GENERATION Change IN EUR MILLIONS 2024 2023 y/y A CONTINUED STRONG MANAGEMENT OF WORKING CAPITAL DESPITE THE REVENUE INCREASE IN Q4 Profit before income tax 863.0 756.6 +14.1% Elimination of cash flows from 53.2 30.8 +72.7% financing and investing activities 9,7%
Slide 26: Disciplined capital allocation
A WELL-DEFINED AND DISCIPLINED CAPITAL ALLOCATION Capital allocation 2028 goals 267 NET M&A SPEND: accelerated 98 70 95 71 18 Portfolio high-grading 2,4% 2,3% 2,2% 2,4% 2,2% CAPEX: 2.5% - 3.0% 1,9% As a % of revenue 65% 65% 65% 56% 50% Dividend: 65% payout ratio 0% As a % of adjusted net income 1,87
Slide 27: A robust financial structure
A ROBUST FINANCIAL STRUCTURE LONG-TERM RATING AND RATED BOND ISSUANCES DEBT MATURITY PROFILE AS OF DECEMBER 31, 2024 31 500 500 500 500 500 200 200 A3 rating François stable outlook 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 › Two A3-rated bond issuances completed in 2024 : › Net de
Slide 28: Portfolio business highlights
04. Portfolio business highlights 28
Slide 29: Marine & Offshore
Key 2024 figures Innovation / Digital MARINE & Divisional revenue ▪ Internal efficiency & performance: Organic Revenue Growth OFFSHORE 42% › 3D model-Based Design Approval for a Korean shipyard • New Construction: strong double-digit 8% OF FY GROUP REVENUE • Core In-service: double-digit › Connected
Slide 30: Agri-Food & Commodities
Key 2024 figures Innovation / Digital AGRI-FOOD & Divisional revenue ▪ New revenue streams Organic Revenue Growth COMMODITIES 31% • Oil & Petrochemicals: high single-digit › Launch of a greener gold extraction methodology • Metals & Minerals: low single-digit 20% OF FY GROUP REVENUE 33% › Building a
Slide 31: Industry
Key 2024 figures Innovation / Digital Divisional revenue Organic Revenue Growth ▪ New revenue streams INDUSTRY 21% 11% • Oil & Gas Opex: strong double-digit › Emission mitigation (LDAR - Leak detection and repair) in-house software developed to • Oil & Gas Capex: strong double-digit 13% measure, qua
Slide 32: Buildings & Infrastructure
Key 2024 figures Innovation / Digital BUILDINGS & Divisional revenue Organic Revenue Growth ▪ New revenue streams › INFRASTRUCTURE 51% • Europe: low single-digit Building Information Model-based Digital Twin platform to optimize the life cycle of • Americas: mid single-digit buildings, reduce costs
Slide 33: Certification
Key 2024 figures Innovation / Digital ▪ Divisional revenue Organic Revenue Growth New revenue streams CERTIFICATION 51% › 1st TIC company to be recognized as External • QHSE & Specialized Schemes: double digit Reviewer by ESMA (European Securities & 9% OF FY GROUP REVENUE Market Authorities) for the
Slide 34: Consumer Products Services
CONSUMER Key 2024 figures Innovation / Digital PRODUCTS Divisional revenue Organic Revenue Growth ▪ New revenue streams SERVICES 48% • Softlines, Hardlines, Toys: double-digit › Environmental services offering BV3E, (Bureau Veritas Environmental Evaluation & • Healthcare*: double-digit 13% OF FY GRO
Slide 35: Outlook
bass BUREAU VERITAS 2024 RESULTS
Slide 36: 2025 Outlook
2025 OUTLOOK Building on a strong 2024 momentum, a robust opportunities pipeline, a solid backlog, and a strong underlying market growth, and in line with LEAP | 28 financial ambitions, Bureau Veritas expects to deliver for the full year 2025: Mid to high Strong cash Improved single-digit flow, adju
Slide 37: Closing remarks
CLOSING REMARKS › Excellent strategy execution and record full- year results › Confirmed positive secular market trends › On our path to accelerate M&A › On track to deliver the 2028 value creation ambition 37
Slide 38: Questions & Answers
QUESTIONS & ANSWERS 2 0 2 4 R E S U L T S 38
Slide 39: 2025 financial calendar
2025 FINANCIAL CALENDAR Our information is certified with blockchain technology. Check that this presentation is genuine at www.wiztrust.com AGENDA › Q1 2025 revenue: April 24, 2025 › Shareholder’s meeting: June 19, 2025 Bureau Veritas has been ranked in the Top 3 most transparent › HY 2025 results:
Slide 40: Contacts
CONTACTS I N V E S T O R R E L AT I O N S D E PA R T M E N T BUREAU VERITAS HEAD OFFICE – 40/52 BOULEVARD DU PARC 92200 NEUILLY-SUR-SEINE, FRANCE Laurent Brunelle Head of Investor Relations +33 (0)1 55 24 76 09 laurent.brunelle@bureauveritas.com Colin Verbrugghe Investor Relations Manager +33 (0)1 5
Slide 41: Appendix
06. = — Appendix BUREAU VERITAS 2024 RESULTS = 42.
Slide 42: Secular drivers by business line
SECULAR DRIVERS BY BUSINESS LINE Marine & Offshore Buildings & Infrastructure Main secular drivers SUSTAINABILITY DRIVE ENERGY TRANSITION & Main secular drivers ENERGY TRANSITION & URBANIZATION Renewal of ageing DECARBONIZATION DECARBONIZATION Population increase and World fleet Green shipping & dec
Slide 43: An accelerating active portfolio management
Focused portfolio M&A execution AN ACCELERATING ACTIVE PORTFOLIO MANAGEMENT Certification B&I Cybersecurity Capex & Opex › Security Innovation › IDP Group Consumer Products Services (CPS) Technology Acquisitions Industry Certification › Hi Physix Laboratory Sustainability Renewables › Kostec c.€180m
Slide 44: Divestment of food testing activities
Focused portfolio M&A execution Focus on divestment of food testing activities Optimize value and impact › KPIs Rationale €133m €360m €290m • Balance sheet strengthening • Mix of businesses in mature markets FY23 revenue Enterprise value Net proceeds • Greater leeway to refocus porftolio generated f
Slide 45: Ratings agencies – consistent improvement in 2024
RATINGS AGENCIES – CONSISTENT IMPROVEMENT IN 2024 vs. last year Rated 84/100 Ranked #2 in the Professional Services Industry Rated 83/100 category Listed in the Sustainability Yearbook 2024 Rated A Rated B Rated AA Rated A Rated “Negligible Risk” Ranked #1 in the Research and Consulting Rated “Low r
Slide 46: Aims to be the leader in non-financial ratings
BUREAU VERITAS AIMS TO BE THE LEADER IN NON-FINANCIAL RATINGS Main ratings to nurture reputation with clients and trust with investors S&P Global Advanced Negligible risk Gold Sustainability Yearbook 2024 ranked 1st in Research 73/100 (Top 1% Professional services) July 2024 77/100 and Consulting su
Slide 47: Portfolio of business
PORTFOLIO OF BUSINESS REVENUE BY BUSINESS ADJUSTED OPERATING PROFIT Marine & Offshore Marine & Offshore 13% 8% 12% 17% Agri-Food & Commodities Agri-Food & Commodities 9% 20% Industry 10% 18% Industry FY 2024 FY 2024 Buildings & Infrastructure Buildings & Infrastructure Certification Certification 29
Slide 48: FY 2024 revenue by business
FY 2024 REVENUE BY BUSINESS REVENUE AND YEAR-ON-YEAR REVENUE GROWTH BREAKDOWN OF REVENUE €M Organic Scope Currency Marine & Offshore Marine & Offshore 504.2 +13.7% - (3.1)% 13% 8% Agri-Food & Commodities Agri-Food & Commodities 1,264.2 +5.7% - (3.2)% 9% 20% Industry Industry 1,319.3 +19.9% (1.2%) (1
Slide 49: FY 2024 revenue evolution by geography
FY 2024 REVENUE EVOLUTION BY GEOGRAPHY REVENUE BY GEOGRAPHIC AREA REVENUE EVOLUTION BY NATURE Africa, Middle East Organic Scope Americas 10% +1.3% 27% FY 2024 35% +0.3% +23.9% Europe +0.5% +12.5% +9.2% +5.6% 28% Americas Asia Pacific Europe Africa, Middle East Asia Pacific 49
Slide 50: Q4 2024 revenue by business
Q4 2024 REVENUE BY BUSINESS REVENUE AND YEAR-ON-YEAR REVENUE GROWTH BREAKDOWN OF REVENUE €M Organic Scope Currency Marine & Offshore Marine & Offshore 130.3 +12.4% - (1.1)% 13% 8% Agri-Food & Commodities Agri-Food & Commodities 328.0 +5.3% - (1.6)% 9% 20% Industry Industry 359.3 +20.6% +0.5% (8.5)%
Slide 51: Q4 2024 revenue evolution by geography
Q4 2024 REVENUE EVOLUTION BY GEOGRAPHY REVENUE BY GEOGRAPHIC AREA REVENUE EVOLUTION BY NATURE Africa, Middle East Organic Scope 11% +0.1% Americas +2.7% 26% Q4 2024 35% +25.1% +1.2% Europe +1.6% +11.1% +8.7% +4.8% 28% Americas Asia Pacific Europe Africa, Middle East Asia Pacific 51
Slide 52: Q4 2024 total revenue growth of 8.5%
Q4 2024 TOTAL REVENUE GROWTH OF 8.5% REVENUE EVOLUTION VARIATION ANALYSIS In € million +11.2% at constant currency +9.6% +1.6% (2.7)% 1,671.4 1,539.8 Q4 2023 Organic 1 Scope Currency Q4 2024 (1) Alternative performance indicators are presented, defined and reconciled with IFRS in appendix of this pr
Slide 53: Adjusted operating profit by business
ADJUSTED OPERATING PROFIT BY BUSINESS Adjusted operating profit (€M) Adjusted operating margin (%) Change Change FY 2024 FY 2023(1) FY 2024 FY 2023(1) (%) (bp) Marine & Offshore 118.5 108.6 +9.1% 23.5% 23.8% (33)bps Agri-Food & Commodities 176.0 183.8 (4.3)% 13.9% 14.9% (99)bps Industry 189.3 176.4
Slide 54: Consolidated income statement
CONSOLIDATED INCOME STATEMENT IN EUR MILLIONS FY 2024 FY 2023 Revenue 6,240.9 5,867.8 Service costs rebilled to clients 203.4 191.7 Revenue and services costs rebilled to clients 6,444.3 6,059.5 Purchase and external charges (1,943.2) (1,834.0) Personnel costs (3,264.9) (3,061.8) Taxes other than on
Slide 55: Consolidated statement of financial position
CONSOLIDATED STATEMENT OF FINANCIAL POSITION IN EUR MILLIONS DEC. 31, 2024 DEC. 31, 2023 IN EUR MILLIONS DEC. 31, 2024 DEC. 31, 2023 Goodwill 2,313.0 2,127.4 Share capital 54.5 54.5 Intangible assets 464.4 360.0 Retained earnings and other reserves 1,917.2 1,881.6 Property, plant and equipment 401.9
Slide 56: Consolidated statement of cash flow (1/2)
CONSOLIDATED STATEMENT OF CASH FLOW (1/2) IN EUR MILLIONS FY 2024 FY 2023 Profit before income tax 863.0 756.6 Elimination of cash flows from financing and investing activities 53.2 30.8 Provisions and other non-cash items 24.6 35.7 Depreciation, amortization and impairment 283.7 291.5 Movements in
Slide 57: Consolidated statement of cash flow (2/2)
CONSOLIDATED STATEMENT OF CASH FLOW (2/2) IN EUR MILLIONS FY 2024 FY 2023 Capital increase 18.1 5.7 Purchases/sales of treasury shares (191.8) (1.9) Dividends paid (406.9) (396.3) Increase in borrowings and other debt 1,000.4 0.9 Repayments of borrowings and other debt (800.1) (500.4) Repayments of
Slide 58: Adjusted net financial debt
ADJUSTED NET FINANCIAL DEBT IN EUR MILLIONS DEC. 31, 2024 DEC. 31, 2023 Bank borrowings due after one year 1,896.5 2,079.7 Bank borrowings due within one year 530.8 27.4 Bank overdrafts 3.6 3.8 Gross financial debt 2,430.9 2,110.9 Total cash and cash equivalents (1,204.2) (1,173.9) Net financial deb
Slide 59: Earnings per share
EARNINGS PER SHARE IN EUR MILLIONS FY 2024 FY 2023 Basic EPS 1.27 1.11 Basic adjusted EPS 1.38 1.27 Weighted average number of shares 450,009,888 453,009,724 Diluted EPS 1.25 1.10 Diluted adjusted EPS 1.37 1.26 Weighted average number of shares for diluted 453,898,038 457,456,313 earnings 59
Slide 60: FY 2024 restructuring: €13.7 million
FY 2024 RESTRUCTURING: €13.7 MILLION BY BUSINESS BY GEOGRAPHY Middle East & Africa Europe 2% 21% 34% Agri-Food & Commodities 23% Industry Buildings & Infrastructure 50% Certification 5% Consumer Products 12% M&O Americas 22% 8% Asia Pacific 23% 60
Slide 61: Diversified sources of financing with balanced maturity profile
WELL DIVERSIFIED SOURCES OF FINANCING WITH A BALANCED MATURITY PROFILE DEBT MATURITY PROFILE AS OF DECEMBER 31, 2024 DEBT BREAKDOWN 31 1% 8% 0,1% Bond Fixed rate USPP Floating rate Other 500 500 500 500 91% 99,9% 200 200 0% 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 EUR › Gross fina
Slide 62: Currency mix in FY 2024
CURRENCY MIX IN FY 2024 REVENUE CURRENCY EXPOSURE CURRENCY CHANGE (YEAR ON YEAR) OTHER 18,6% EUR 29,1% USD (and pegged) (2,6)% CNY (7,6)% KRW 1,2% AUD (6,9)% SGD 1,2% CAD (6,2)% BRL +0,7% JPY 1,4% GBP (2,0)% SAR 1,5% INR (7,4)% CLP 2,0% FY 2024 CLP +1,1% INR 2,0% JPY (9,2)% AED 2,3% SGD (0,1)% KRW (
Slide 63: Alternative performance indicators and reconciliation with IFRS (1/5)
DEFINITION OF ALTERNATIVE PERFORMANCE INDICATORS AND RECONCILIATION WITH IFRS (1/5) INTRODUCTION ORGANIC GROWTH (1/2) The management process used by the Bureau Veritas Group is based on a The Group internally monitors and publishes “organic” revenue growth, which series of alternative performance in
Slide 64: Alternative performance indicators and reconciliation with IFRS (2/5)
DEFINITION OF ALTERNATIVE PERFORMANCE INDICATORS AND RECONCILIATION WITH IFRS (2/5) ORGANIC GROWTH (2/2) SCOPE EFFECT Organic revenue growth represents the percentage of revenue growth, To establish a meaningful comparison between reporting periods, the impact presented at Group level and for each b
Slide 65: Alternative performance indicators and reconciliation with IFRS (3/5)
DEFINITION OF ALTERNATIVE PERFORMANCE INDICATORS AND Since a measurement period of 12 months is allowed for determining the fair value RECONCILIATION WITH IFRS (3/5) of acquired assets and liabilities, amortization of intangible assets in the year of acquisition may, in some cases, be based on a tem
Slide 66: Alternative performance indicators and reconciliation with IFRS (4/5)
DEFINITION OF ALTERNATIVE PERFORMANCE INDICATORS AND RECONCILIATION WITH IFRS (4/5) ADJUSTED EFFECTIVE TAX RATE ADJUSTED ATTRIBUTABLE NET PROFIT PER SHARE The effective tax rate (ETR) represents income tax expense divided by the Adjusted attributable net profit per share (adjusted EPS or earnings pe
Slide 67: Alternative performance indicators and reconciliation with IFRS (5/5)
DEFINITION OF ALTERNATIVE PERFORMANCE INDICATORS AND RECONCILIATION WITH IFRS (5/5) FREE CASH FLOW FINANCIAL DEBT Free cash flow represents net cash generated from operating activities Gross debt (or gross finance costs/financial debt) represent bank loans and (operating cash flow), adjusted for the
Slide 68: Glossary
GLOSSARY Operating Profit (AOP) excludes amortization of acquisition intangibles, goodwill IoT: Internet of Things impairment, restructuring, acquisition and disposal-related items (adjustment items) IMO: International Maritime Organization ASR: Accident Severity Rate LNG: Liquefied Natural Gas Adju
Slide 69: Ownership and market data at December 31, 2024
OWNERSHIP AND MARKET DATA AT DECEMBER 31, 2024 SHAREHOLDING STRUCTURE MARKET DATA • Listed on Euronext-Paris Wendel group • Ticker: BVI The Capital Group • ISIN: FR0006174348 26,5% • IPO on October 2007: €9.44/share Executive Committee & Employees • Share Price1: €29.34 Treasury shares • Market Cap.
Slide 70: www.bureauveritas.com
BUREAU VERITAS Shaping a World of Trust WWW.BUREAUVERITAS.coM J