Slide 1: 2024 annual results
March 2025 2024 annual results. • Dominique Louis – Chairman & CEO • Malène Korvin – Chief Financial Officer 1
Slide 2: Contents
Contents. 01 Significant events of 2024 Page 4 02 2024 financial performance Page 12 03 Outlook for 2025 Page 19 04 Appendices Page 22 2
Slide 3: Disclaimer
Disclaimer This presentation includes forward looking statements, which, by their very nature, involve inherent risks and uncertainties. These statements concern future financial performance and other risks relating to Assystem’s markets as well as its results, levels of business, performance, and o
Slide 4: Significant events of 2024
SIGNIFICANT EVENTS OF 2024. 4
Slide 5: Our vision of the nuclear market
Our vision of the nuclear market. Installed fleet Nuclear new-builds Decommissioning Fuel cycle and R&D and defence Consensus reached on Future growth drivers: Extending the lifespan Significant and extending the lifespan - New-build of existing reactors increasing of nuclear power programmes for la
Slide 6: Our development path
Our development path. ● Supporting countries’ energy independence: - Continuing our services for installed fleets and fuel-cycle infrastructure - Ramp-up in nuclear new-build projects (large power reactors and SMR/AMR), serving in particular to serve the exponential growth of new technologies such a
Slide 7: A geographic presence aligned with developments in the nuclear industry
A geographic presence aligned with Assystem has a local presence in 12 countries developments in the nuclear industry. around the world. Breakdown of revenue Business development based on 4 geographic 62% 38% regions, with differing maturities in terms of France International nuclear energy • France
Slide 8: Our competitive environment
Our competitive environment. ● In 2024, Assystem was ranked among the top 3 independent nuclear engineering companies in the world for the tenth year Assystem is ranked in the top 3 running independent nuclear engineering ● Our main international competitors are companies in the world(1) Amentum (US
Slide 9: A targeted external growth strategy
A targeted external 2020 growth strategy. Corporate Risk Associates (risk management consultancy) 2021 STUP (transport infrastructure engineering) • 9 acquisitions since 2020 to Schofield Lothian reinforce the Group's expertise in 2022 (rail projects consultancy) its key geographies (UK, India) Logi
Slide 10: Sale of Assystem's stake in Framatome and dividend paid in 2024
Sale of Assystem’s stake in Framatome and dividend paid in 2024. ● December 2017: acquisition of a 5% stake in Framatome ● January 2024: sale of this stake to EDF SA for €205m ● Dividend of €12.5 per share paid for 2023, representing a total amount of €185.6m Assystem's dividend payments 12,5 (in €/
Slide 11: Finalisation of our key people retention plan
Finalisation of our key people retention plan. Free share plans set up ● Two plans launched in 2024, after the one in 2023, covering an aggregate 1,269,163 shares(1) ● Commitment until 2030 to retain top managers (around 50 beneficiaries) The shares awarded were purchased under the share buyback pro
Slide 12: 2024 financial performance
2024 FINANCIAL PERFORMANCE. 12
Slide 13: 2024 key figures
2024 key figures. REVENUE EBITA* €611.3m • Organic growth: 5.2% €40.3m 6.6% of revenue +5.8% o Scope effect(1): +0.3% +7.8% +0.1 pt o Currency effect: +0.3% PROFIT FOR THE PERIOD 2024 DIVIDEND (2) FREE CASH FLOW (3) €7.5m €1.0 per share €30.0m i.e. 4.9% of consolidated revenue (vs 3.5% in 2023) (1)
Slide 14: 2024 revenue
2024 revenue. FRANCE 62% of 2024 revenue INTERNATIONAL 38% of 2024 revenue 374.8 (8.1) +6.9 +7.3 380.9 +9.5 +6.5 230.4 H2 org. +11.7 Scope H1 org. 202.7 effect growth growth H1 org. H2 org. Scope & growth growth currency effects 2023 • Organic growth: 3.8% 2024 (in €m) 2023 • Organic growth: 7.9% 20
Slide 15: Operating performance in 2024
Operating performance in 2024. EBITA AND EBITA MARGIN (in €m) % of % of +7.8% 40,3 (in €m) 2023 revenue 2024 revenue 37.4 Group 37.4 6.5% 40.3 6.6% France 22.7 6.1% 24.9 6.5% International 20.2 10,0% 20.7 9.0% 6.6% Holding +0.1 pt 6.5% (5.5) - (5.3) - company • The slight year-on-year increase in EB
Slide 16: Consolidated profit in 2024
Consolidated profit in 2024. (in €m) EBITA TO CONSOLIDATED PROFIT CONSOLIDATED PROFIT 7.3 (9.5) 102.8 40.3 (22.0) (4.0) 2.9 (20.9) (4.6) 7.5 (73.5) (10.9) 7.1 7.5 2024 Impact of Contribution Share-based Net Income tax 2024 2023 Framatome EBITA Non- Expleo Net 2024 research of Expleo payments financi
Slide 17: Expleo Group's contribution to Assystem's results in 2024
Expleo Group’s contribution to Assystem’s results in 2024 REVENUE €1,407m +1.5% vs 2023 EBITDA (1) €148m -1.8% representing a margin of 10.5% (-0.2 pts vs 2023) CONSOLIDATED PROFIT/(LOSS) (2) €47.9m loss (vs €5.7m profit in 2023) Contribution to Assystem’s 2024 consolidated profit: €(9.6)m(3) Portio
Slide 18: Movements in net debt
Movements in net debt. (in €m) – Excluding the IFRS 16 impact for all data Free cash flow 52.2 €30.0m 6.5 49.3 14.8 7.2 11.6 21.2 (30.0) (34.2) At 31 Dec. Net impact of Dividends Impact of sale Acquisitions Payment Other At 31 Dec. 2023 acquisitions paid to of Framatome and sales of for financial 20
Slide 19: Outlook for 2025
OUTLOOK FOR 2025. 19
Slide 20: Outlook for 2025
Outlook for 2025. Based on the trends observed since the beginning of 2025 for the Group’s activities and geographies, and considering the current uncertain economic and geopolitical environment, Assystem has set the following targets for 2025(1): CONSOLIDATED REVENUE Slight organic growth EBITA MAR
Slide 21: Thank you
THANK YOU. 2025 FINANCIAL CALENDAR CONTACTS • Malène Korvin – Chief Financial Officer 30 April: First-quarter 2025 revenue release mkorvin@assystem.com – Tel.: +33 (0)1 41 25 29 00 23 May: Annual General Meeting 24 July: First-half 2025 revenue release • Anne-Charlotte Dagorn – Vice President Market
Slide 22: Leadership team
Leadership team. Executive Committee. Dominique Louis Stéphane Aubarbier Malène Korvin Christian Jeanneau Thomas Branche Chairman & CEO Deputy CEO Group Chief Financial Officer Executive Vice President Executive Vice President International France Extended Executive Committee. Emmanuelle Capiez Anne
Slide 23: Breakdown of 2024 revenue and EBITA
Breakdown of 2024 revenue and EBITA. % change % change REVENUE 2023 2024 (reported) (organic) (in €m) (2) (1) Consolidation of India-based L&T Infrastructure Engineering Limited (L&T IEL) and France-based Keops Group(1) 577.5 611.3 +5.8% +5.2% Automation since 1 January 2024, and deconsolidation (fr
Slide 24: Condensed consolidated income statement
Condensed consolidated income (in €m) 2023 2024 statement. Revenue 577.5 611.3 Operating profit before non-recurring (1) Operating profit before non-recurring items (EBITA – items (EBITA)(1) 37.4 40.3 EBITA margin 6.5% 6.6% Earnings before Interest and Taxes – from Activity) including share of profi
Slide 25: Condensed balance sheet
Condensed balance sheet. AT 31 DEC. 2023 AT 31 DEC. 2024 Non-current assets(1) . 168.3 o/w goodwill: €125.4m Non-current assets(1) . 186.4 Right-of-use assets . 30.8 o/w goodwill: €139.3m 300.9 • Equity (IFRS 16) 482.6 • Equity Expleo Group shares and . 180.0 Right-of-use assets . 33.7 convertible b
Slide 26: Ownership structure
Ownership structure. SHAREHOLDING PATTERN ASSYSTEM SHARES at 28 February 2025 • Euronext Compartment B (Mid Cap) • Indices: Euronext Tech Leaders, CAC Small, CAC Mid & Small, CAC Industrials, CAC All-Tradable and CAC All-Share, PEA-PME 150, MSCI Small cap Index France 33.51% • ISIN: FR0000074148 Fre
Slide 27: ASSYSTEM.COM
Copyright photos: Adobe stock - Photo drone ©EDF - Agence Movement; Bernard Gaetan ASSYSTEM.COM 27