Slide 1: Q3 2025 Revenue
Q3 2025 October 23, 2025 REVENUE 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: Q3 2025 Organic Growth
Q3 2025 ORGANIC GROWTH HIGHLIGHTS +6.3% Robust growth across the board EXTERNAL GROWTH €1.58bn +3.1% (2.3) acquisitions % disposals Contribution from recent accelerated bolt-on acquisitions, partly offset by disposals over the past 12m, including the Food testing business +2.3% total growth +0.8% ne
Slide 6: Robust Organic Growth Across the Quarter
ROBUST ORGANIC GROWTH ACROSS THE QUARTER GROWTH LED BY ALL BUSINESSES BROAD GROWTH ACROSS MOST REGIONS SIZE OF BOXES IN PROPORTION OF GROUP REVENUE IN PERCENTAGE OF GROUP REVENUE Cumulative revenue 9% M&O DOUBLE-DIGIT ORGANIC GROWTH Africa, Middle East +15.7% organic growth B&I 11% Americas MID-TO-H
Slide 7: LEAP | 28 update
Pe rfo lue Oper rm io ze va ati ol tim i pact and onal Op nd im an fu le sca nctio ver tf a ce or lab n a ilit a dP ge led y lds l stro ew ho Focuse N ng exec Inn ution 02. ovat Sustainability e ship nd ion r Expa lead N e LEAP | 28 d ew nt g “ ec m e sk onom h a ug orkin Tec ills y“ y s of w wa upd
Slide 8: Buildings & Infrastructure Portfolio Development Strategy
Focused portfolio Expand leadership BUILDINGS & INFRASTRUCTURE PORTFOLIO DEVELOPMENT STRATEGY Geographies Geographies Emerging USA Europe China USA Europe Australia, Middle East, Brazil, Indonesia, Japan Services François 2023 Services François Q3 2025 C. 46% C. 40% Buildings capex Buildings capex I
Slide 9: Buildings & Infrastructure - Focus on Assets
Focused portfolio Expand leadership BUILDINGS & INFRASTRUCTURE - FOCUS ON ASSETS DATA CENTERS GROUP DATA CENTER EXPOSURE Services for data centers IN EUR MILLION REVENUE LEAP | 28 ▪ Commissioning: CAGR1: › Comprehensive qualification of electrical, mechanical, 1 BUILDINGS c.+29% plumbing and control
Slide 10: LEAP | 28 – M&A Update
Focused portfolio M&A execution LEAP I 28 – M&A UPDATE YEAR-TO-DATE 2025 Revenue M&A Annualized mix progress Revenue Expand Leadership1 37% 2 acquisitions c. €44m Contec AQS, London Building Control 45% in 2023 4 acquisitions New Strongholds2 13% François IFCR, Dornier Hinneburg, Ecoplus, c. €36m 10
Slide 11: LEAP | 28 – M&A Update October 2025
Focused portfolio M&A execution LEAP I 28 – M&A UPDATE OCTOBER 2025 Expand Leadership – B&I Buildings Capex Create New Strongholds – P&U1 and Renewables London Building Control €14m Sólida €18m United Kingdom Revenue generated Spain Revenue generated in 2024 in 2024 › Leading Registered Building Con
Slide 12: Financial review
03. Financial review 12
Slide 13: Q3 2025 Total Revenue Growth of 2.3%
Q3 2025 TOTAL REVENUE GROWTH OF 2.3% REVENUE EVOLUTION VARIATION ANALYSIS In € million +7.1% at constant currency +6.3% +0.8% (4.8)% 1,583.7 1,547.9 François Q3 2024 Organic 1 Scope Currency Q3 2025 (1) Alternative performance indicators are presented, defined and reconciled with IFRS in appendix of
Slide 14: 9M 2025 Total Revenue Growth of 4.5%
9M 2025 TOTAL REVENUE GROWTH OF 4.5% REVENUE EVOLUTION VARIATION ANALYSIS In € million +7.7% at constant currency +6.6% +1.1% (3.2)% 4,776.2 4,569.6 François 9M 2024 Organic 1 Scope Currency 9M 2025 (1) Alternative performance indicators are presented, defined and reconciled with IFRS in appendix of
Slide 15: Revenue Growth by Business
REVENUE GROWTH BY BUSINESS 4 DIVISIONS GROWING DOUBLE DIGIT AT CONSTANT CURRENCY % of 9M revenue 9M 2025 Growth Q3 2025 at cc 30% Buildings & Infrastructure +4.1% +6.7% +10.8% +7.1% +8.4% 21% Industry +10.4% +0.8% +11.2% +6.9% +0.8% 18% Agri-Food & Commodities (7.5)% +4.2% (3.3)% (9.6)% +2.5% 13% Co
Slide 16: Portfolio business highlights
04. Portfolio business highlights 16
Slide 17: Marine & Offshore
Key Q3 2025 figures LEAP | 28 MARINE & Divisional ▪ Performance led execution revenue Organic Revenue Growth OFFSHORE 48% › Remote inspection utilizing 3D-augmented • New Construction: strong double-digit survey techniques: new contracts 9% OF YTD GROUP REVENUE • Core In-service: high single-digit 4
Slide 18: Agri-Food & Commodities
Key Q3 2025 figures LEAP | 28 AGRI-FOOD & Divisional ▪ Focused portfolio revenue Organic Revenue Growth COMMODITIES 34% • Oil & Petrochemicals: low single-digit › Completion of the Company’s platform in Chile (10 labs) focused on copper metals 18% OF YTD GROUP REVENUE • Metals & Minerals: high singl
Slide 19: Industry
Key Q3 2025 figures LEAP | 28 Divisional revenue Organic Revenue Growth ▪ Focused Portfolio INDUSTRY 19% 12% • Oil & Gas Opex: low single-digit • Oil & Gas Capex: strong double-digit › Agreement signed for the acquisition of a 15% Spanish company in the Renewables space 21% OF YTD GROUP REVENUE • Po
Slide 20: Buildings & Infrastructure
Key Q3 2025 figures LEAP | 28 BUILDINGS & Divisional revenue Organic Revenue Growth ▪ Focused Porfolio INFRASTRUCTURE 40% • Capex Building: high single-digit › Agreement signed for the acquisition of London Building Control in the UK code 30% OF YTD GROUP REVENUE • Opex Building: mid single-digit co
Slide 21: Certification
Key Q3 2025 figures LEAP | 28 Divisional revenue Organic Revenue Growth ▪ New revenue streams CERTIFICATION 53% › Secured a contract with a large social media • QHSE & Specialized Schemes: high single-digit company for cybersecurity services 9% OF YTD GROUP REVENUE • Sustainability* & Digital**: dou
Slide 22: Consumer Products Services
CONSUMER Key Q3 2025 figures LEAP | 28 PRODUCTS Divisional revenue Organic Revenue Growth ▪ Focused portfolio › Closing of the acquisition of Lab System, the SERVICES 47% • Softlines, Hardlines, Toys: low single-digit largest independent laboratory for toys and • Healthcare*: double-digit hardlines
Slide 23: Outlook
BUREAU VERITAS Qs 2025 REVENUE 23
Slide 24: 2025 Outlook Confirmed
2025 OUTLOOK CONFIRMED Based on the 9-month performance, leveraging a robust opportunities pipeline, a solid backlog, and mid-to-long-term strong market fundamentals, Bureau Veritas reaffirms its outlook for the full year 2025: Mid-to-high Strong cash Improved single-digit flow, adjusted organic wit
Slide 25: Closing Remarks
CLOSING REMARKS › Robust and steady performance year-to-date demonstrating fundamental strength in our business operations and in our portfolio mix › LEAP | 28 strategy programs operationalization progressing well 25
Slide 26: Questions & Answers
QUESTIONS & ANSWERS Q 3 2 0 2 5 R E V E N U E 26
Slide 27: 2025 & 2026 Financial Calendar
2025 & 2026 FINANCIAL CALENDAR AGENDA Our information is certified with blockchain technology. Check that this presentation is genuine at www.wiztrust.com › FY 2025 results: February 25, 2026 › Q1 2026 revenue: April 22, 2026 › Shareholder’s meeting: May 19, 2026 › H1 2026 results: July 29, 2026 Bur
Slide 28: 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 SA - TOUR ALTO 14 RUE LOUIS BLANC, 92 400 COURBEVOIE Laurent Brunelle Head of Investor Relations, Financial Communication and Non-Financial Rating Agencies +33 (0) 7 79 52 69 21 laurent.brunelle@bureauveritas.com Colin Verbr
Slide 29: Appendix
06. Appendix: BUREAU VERITAS
Slide 30: An Accelerating Active Portfolio Management
Focused portfolio M&A execution AN ACCELERATING ACTIVE PORTFOLIO MANAGEMENT Consumer Certification Buildings & Infra. Buildings & Infra. Certification Buildings & Infra. Products Services Cybersecurity Capex & Opex Capex & Opex Cybersecurity Capex Technology › Security › IDP Group › Contec › IFCR ›
Slide 31: LEAP | 28 – Active Portfolio Management
Focused portfolio LEAP I 28 – ACTIVE PORTFOLIO MANAGEMENT LEAP | 28| 28 LEAP YEAR-TO-DATE 2025 Revenue growth Revenue Key growth at constant currency mix contributors (organic + net M&A) • B&I Expand Leadership1 37% • Certification +9.0% • Industrial Product Certification François • Cybersecurity Ne
Slide 32: Bond Issuance - €700M | 8 Years | 3.375%
BOND ISSUANCE - €700M | 8 YEARS | 3.375% Timetable › 24th September 2025: pricing and issuance › 1st October 2025: settlement NEW 2033 BOND Pricing & orderbook › Inital Price Talks (IPT) at MidSwap+115bps : qualitative book building at €1.9bn › Final Terms at MidSwap+83bps: › Final book 2.4x oversub
Slide 33: 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 34: CSR Commitment Maintained in Q3 2025 (9M 2025)
CSR COMMITMENT MAINTAINED IN Q3 2025 (9M 2025) 2028 9M 2024 9M 2025 › Bureau Veritas was awarded the target Supply Chain Initiative of the Year by Scope 1 & 2 CO2 emissions Environmental Finance for its update of 146 128 107 (in thousand tons)1 the Vigilance Plan, anticipating the EU Corporate Susta
Slide 35: Bureau Veritas - A Leader in Non-Financial Ratings
BUREAU VERITAS - A LEADER IN NON-FINANCIAL RATINGS MAIN RATINGS TO NURTURE REPUTATION WITH CLIENTS AND TRUST WITH INVESTORS Negligible risk Advanced 84/100 ranked 1st in Research 73/100 Gold July 2024 77/100 and Consulting subindustry October 2024 Top 1% S&P Global CSA Score May 2024 August 2025 AA
Slide 36: 9M 2025 Revenue by Business
9M 2025 REVENUE BY BUSINESS REVENUE AND YEAR-ON-YEAR REVENUE GROWTH BREAKDOWN OF REVENUE €M Organic Scope Currency Marine & Offshore Marine & Offshore 414.6 +13.8% - (2.9)% 13% 9% Agri-Food & Commodities Agri-Food & Commodities 874.6 +4.2% (7.5)% (3.3)% 9% 18% Industry Industry 1,016.7 +10.4% +0.8%
Slide 37: 9M 2025 Revenue Evolution by Geography
9M 2025 REVENUE EVOLUTION BY GEOGRAPHY REVENUE BY GEOGRAPHIC AREA REVENUE EVOLUTION BY NATURE Africa, Middle East Organic Scope 11% Americas +2,0% +19,0% 25% 9M 2025 35% +3,4% Europe +8,0% +4,4% +3,6% (1,8)% (1.5)% 29% Americas Asia Pacific Europe Africa, Middle East Asia Pacific 37
Slide 38: Q3 2025 Revenue by Business
Q3 2025 REVENUE BY BUSINESS REVENUE AND YEAR-ON-YEAR REVENUE GROWTH BREAKDOWN OF REVENUE €M Organic Scope Currency Marine & Offshore Marine & Offshore 136.6 +16.2% - (4.8)% 13% 9% Agri-Food & Commodities Agri-Food & Commodities 284.5 +2.5% (9.6)% (4.6)% 8% 18% Industry Industry 337.7 +6.9% +0.8% (7.
Slide 39: Q3 2025 Revenue Evolution by Geography
Q3 2025 REVENUE EVOLUTION BY GEOGRAPHY REVENUE BY GEOGRAPHIC AREA REVENUE EVOLUTION BY NATURE Africa, Middle East Organic Scope 11% Americas +0,9% +3,9% +15,7% 25% Q3 2025 35% +8,6% Europe +5,2% +1,9% (1,9)% (1,7)% 29% Americas Asia Pacific Europe Africa, Middle East Asia Pacific 39
Slide 40: Currency Mix in 9M 2025
CURRENCY MIX IN 9M 2025 REVENUE CURRENCY EXPOSURE CURRENCY CHANGE (YEAR ON YEAR) OTHER 18,7% EUR 29,5% USD (and pegged) (2,8)% CNY (3,1)% COP 1,2% AUD (4,4)% SGD 1,3% CAD (5,4)% GBP +0,1% JPY 1,4% BRL (9,8)% SAR* 1,6% CLP (4,6)% 9M 2025 INR 2,1% INR (6,3)% JPY (0,8)% CLP 2,1% SGD (0,7)% AED* 2,3% CO
Slide 41: Definition of Alternative Performance Indicators and Reconciliation with IFRS (1/2)
DEFINITION OF ALTERNATIVE PERFORMANCE INDICATORS AND RECONCILIATION WITH IFRS (1/2) 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 42: Definition of Alternative Performance Indicators and Reconciliation with IFRS (2/2)
DEFINITION OF ALTERNATIVE PERFORMANCE INDICATORS AND RECONCILIATION WITH IFRS (2/2) 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 43: 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 44: Ownership and Market Data at September 30, 2025
OWNERSHIP AND MARKET DATA AT SEPTEMBER 30, 2025 SHAREHOLDING STRUCTURE MARKET DATA Wendel group • Listed on Euronext-Paris • Ticker: BVI Blackrock • ISIN: FR0006174348 22,9% Executive Committee • IPO on October 2007: €9.44/share & Employees • Share Price1: €26.64 Treasury shares • Market Cap.1: €12.
Slide 45: www.bureauveritas.com
BUREAU VERITAS Shaping a World of Trust WWW.BUREAUVERITAS.coM ffi