Sopra Steria Group Sa · EURONEXT:SOP
Sopra Steria Group Sa — H1 2026 Earnings Presentation
40 slides from Sopra Steria Group Sa's earnings presentation, Jul 29, 2026
Slide 1: Presentation of H1 2026 results
Presentation of H1 2026 results Paris, 29 July 2026
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking information subject to certain risks and uncertainties that may affect the Group’s future growth and financial results. Readers are reminded that licence agreements, which often represent investments for clients, are signed in greater numbers in
Slide 3: Introduction
Introduction Rajesh Krishnamurthy, Chief Executive Officer 3
Slide 4: Contents
Contents 01 02 03 04 05 Highlights of Operating Financial Outlook and Annexes H1 2026 position by results for targets reporting unit H1 2026 4 Presentation of H1 2026 results – 29/07/2026
Slide 5: Highlights of H1 2026
01. Highlights of H1 2026 Rajesh Krishnamurthy, Chief Executive Officer 5
Slide 6: Solid results in H1 2026
Solid results in H1 2026 Acceleration in underlying Higher operating margin on Increase in net profit organic growth business activity attributable to the Group Q2 Q1 5.3% 4.4% 9.6% €146.3m Excluding impact of the end of the SFT vs 9.2% in H1 2025 Up 3.0% vs H1 2025 programme, which had a non-recurr
Slide 7: Strong momentum in Q2
Strong momentum in Q2 Geographies Sectors Consulting Strong grow th Grow th driven by 3 rd consecutive quarter of m om entum m aintained strategic verticals grow th Aeronautics Q2 26 11% Defence, Security & Space Public Sector Q4 25 Around Q1 26 5% Financial Services R eturn to grow th Grow th susta
Slide 8: Major deals
Major deals 8 Presentation of H1 2026 results – 29/07/2026
Slide 9: AI driving growth and transformation
AI driving growth and transformation Sovereign agentic AI solutions Next-generation BPS AI Backbone by vertical equipped with agentic AI IAka Development of sovereign AI for critical and regulated sectors +32% Reinventing business processes at scale thanks to AI, combining technological Agentic AI a
Slide 10: Unique positioning in critical and regulated sectors central to Europe's priorities
Unique positioning in critical and regulated sectors central to Europe’s priorities 4 strategic sectors with promising medium- to long-term potential Leading player in Europe Public Sector (26%) Leading partner Transformation driven by organisational pooling, systems for sovereignty in Europe conver
Slide 11: Progress made on sustainability, responsible digital technology and impact on society
Progress made on sustainability, responsible digital technology and impact on society Ongoing ISO 14001 Level 2 Numérique Partnership with e-Enfance to Platinum: Top 1% certification of the Group’s Responsable (NR) certification protect young people in major sites, particularly in secured, the highe
Slide 12: Operating position by reporting unit
02. Operating position by reporting unit Étienne du Vignaux, Chief Financial Officer 12
Slide 13: Presentation of segment information
Presentation of segment information In light of changes to its operating model and increased central investments, Sopra Steria has decided to adjust how it allocates costs to service lines and verticals Investments in service lines (Consulting, DPS, Cyber) and verticals (Aeronautics, Defence, Se
Slide 14: Operating performance by reporting unit
Operating performance by reporting unit Revenue Operating profit on business activity H1 2025 Organic H1 2025 H1 2025 H1 2026 H1 2026 Restated* growth Restated** Reported (€m) (% of Rev.) (€m) (%) (% of Rev.) (% of Rev.) France 1,315.6 1,228.2 +7.1% 9.5% 10.2% 9.2% United Kingdom 454.1 443.1 +2.5% 9
Slide 15: France
France H1 2026 H1 2025 ** France (€m) (% of Rev.) (€m) (% of Rev.) Revenue 1,315.6 1,207.9 Organic growth (%) 7.1% Op. profit on business activity 124.4 9.5% 123.1 10.2% Profit from recurring operations 117.8 9.0% 112.5 9.3% Operating profit 106.2 8.1% 108.2 9.0% ** Based on 2026 cost allocation met
Slide 16: United Kingdom
United Kingdom H1 2026 H1 2025 ** United Kingdom (€m) (% of Rev.) (€m) (% of Rev.) Revenue 454.1 456.2 Organic growth (%) 2.5% Op. profit on business activity 43.4 9.5% 39.8 8.7% Profit from recurring operations 37.8 8.3% 32.5 7.1% Operating profit 38.1 8.4% 28.7 6.3% ** Based on 2026 cost allocatio
Slide 17: Europe
Europe H1 2026 H1 2025 ** Europe (€m) (% of Rev.) (€m) (% of Rev.) Revenue 1,008.4 1,015.2 Organic growth (%) -2.0% Op. profit on business activity 91.4 9.1% 74.8 7.4% Profit from recurring operations 83.3 8.3% 66.0 6.5% Operating profit 54.3 5.4% 56.7 5.6% ** Based on 2026 cost allocation methodolo
Slide 18: Solutions
Solutions H1 2026 H1 2025 ** Solutions (€m) (% of Rev.) (€m) (% of Rev.) Revenue 180.9 164.4 Organic growth (%) 5.3% Op. profit on business activity 25.3 14.0% 23.7 14.4% Profit from recurring operations 25.0 13.8% 22.9 13.9% Operating profit 25.0 13.8% 21.7 13.2% ** Based on 2026 cost allocation me
Slide 19: Financial results for H1 2026
03. Financial results for H1 2026 Étienne du Vignaux, Chief Financial Officer 19
Slide 20: Income statement
Income statement H12025 H12026 reported (€ m) (% of Rev.) (€ m) (% of Rev.) Revenue 2,958.9 2,843.7 Organic growth 3.0% Operating profit on business activity 284.5 9.6% 261.4 9.2% Share-based payment expenses -9.5 -15.9 Amortisation of allocated intangible assets -11.1 -11.6 Profit from recurring op
Slide 21: Other operating income and expenses
Other operating income and expenses H1 2026 H1 2025 (€ m) (€ m) Expenses arising from business combinations -1.7 -0.6 Restructuring and reorganisation costs -29.2 -18.9 Other -9.5 0.8 Other operating income and expenses -40.4 -18.6 o/w SFT -€19.4m 21 Presentation of H1 2026 results – 29/07/2026
Slide 22: Tax
Tax H1 2026 H1 2025 (€ m) (€ m) Profit before tax and share from equity-accounted companies 203.8 197.2 Effective tax expense -55.5 -46.7 Effective tax rate (%) 27.2% 23.7% Normative rate excluding non-recurring items: ~25% Tax rate expected to be ~27% in 2026 22 Presentation of H1 2026 results – 29
Slide 23: Change in free cash flow
Change in free cash flow o/w -€29m impact of SFT, tax in France & social security contributions in Norway 0 €m +41.2 -36.2 -0.1 -143.6 -145.9 -2.6 Free cash flow EBITDA WCR Tax, reorganisation, Other Free cash flow H1 2025 restructuring H1 2026 23 Presentation of H1 2026 results – 29/07/2026
Slide 24: Change in net financial debt
Change in net financial debt -42.7 618.7 -102.7 +4.3 -87.2 -143.6 246.7 €m Net financial debt Free cash flow Changes in scope and Dividends Share buybacks Change in exchange rates Net financial debt at 31/12/2025 financial investments at 30/06/2026 24 Presentation of H1 2026 results – 29/07/2026
Slide 25: Solid balance sheet structure
Solid balance sheet structure Simplified balance sheet Assets + WCR (€m) 61% 4% 14% 30/06/26 Gearing Leverage €154.9m 29% 1.12x 30/06/2026 3,508.7 3% 18% 59% 4% 13% Gearing Leverage 30/06/2025 3,427.3 30/06/25 €140.9m 34% 1.17x 3% 20% Equity Pensions – Post-employment benefits Net financial Pensions
Slide 26: Diversified, accessible financing
Diversified, accessible financing 30/ 06/ 2026 30/ 06/ 2026 Amount Available undrawn amount: €1.3bn Amount used authorised i.e. 67% of authorised amount (€ m) (€ m) Bond 250.0 250.0 Bank loans and borrowing facilities 405.0 460.0 Maturities: Multi-currency revolving credit facility - 1,100.0 • Bonds
Slide 27: Conclusion
04. Conclusion Rajesh Krishnamurthy, Chief Executive Officer 27
Slide 28: Priorities for H2 2026
Priorities for H2 2026 CEO OVERVIEW FOR H1 CONTEXT FOR H2 OUTLOOK Teams with in-depth business and Geopolitical and macroeconomic Ongoing favourable trends, particularly in technology expertise uncertainty Aeronautics, Defence, Security & Space and Public Sector Long-term, trust-based relationships
Slide 29: Full-year targets for 2026
Full-year targets for 2026 Organic revenue growth Operating margin on business Free cash flow activity (as % of revenue) (as % of revenue) Between At least Around 2.0% and 2.5% 9.5% 5% vs Betw een 1.0% and 2.0% including a non-recurring negative impact of around 2 points arising from the conclusion
Slide 30: Sopra Steria
sopra S steria
Slide 31: Annexes
05. Annexes 31
Slide 32: Sopra Steria: A European leader in digital transformation
Sopra Steria: A European leader in digital transformation Breakdown of revenue – 30 June 2026 Among the top 9 operating in Europe(1) €5.6bn Revenue FY 2025 9% Europe: 35% 6% 6% 3% 7% 9% 4% 8% 64% 7% 26% 52,000 44% 10% employees 7% 9% 11% 19% 11% Operations in nearly 11% 30 countries 15% Public Sect
Slide 33: Breakdown of change in consolidated revenue
Breakdown of change in consolidated revenue +86.9 2,958.9 2,843.7 +30.8 -2.5 o/w GBP -€13m €m o/w NOK +€11m Revenue H1 2025 Currency fluctuations Changes in scope Organic growth Revenue H1 2026 33 Presentation of H1 2026 results – 29/07/2026
Slide 34: Earnings per share
Earnings per share H1 2026 H1 2025 Net profit attributable to the Group (€ m) 146.31 142.00 Weighted average number of shares outstanding excl. treasury shares 19.21 19.49 Basic earnings per share (€ ) 7.62 7.29 Basic recurring earnings per share (€ ) 9.44 8.01 Theoretical average number of shares 1
Slide 35: Breakdown of change in net financial debt
Breakdown of change in net financial debt H12026 H12025 (€ m) (€ m) Operating profit on business activity 284.5 261.4 Depreciation, amortisation and provisions (excluding allocated intangible assets) 53.2 78.9 EBITDA 337.7 340.3 Non-cash items -2.2 -3.5 Tax paid -48.5 -23.2 Change in operating worki
Slide 36: Simplified balance sheet
Simplified balance sheet 30/ 06/ 2026 30/06/2026 31/ 12/ 2025 31/12/2025 (€ m) (M€) (€ m) (M€) Goodwill Ecarts d'acquisition 22,466.7 466,7 22,375.6 375,6 Allocated intangible Actifs incorporels assets affectés 140.5 140,5 151.6 151,6 Other Autres fixed assets immobilisations 410.1 410,1 387.5 387,5
Slide 37: Global workforce
Global workforce 30/ 06/ 2026 30/ 06/ 2025 France 20,032 19,560 Europe 22,880 22,659 Outside Europe 264 233 International service centres 8,753 7,852 Total 51,929 50,304 37 Presentation of H1 2026 results – 29/07/2026
Slide 38: Changes in exchange rates
Changes in exchange rates Changes in exchange rates Average rate Average rate Change H1 2026 H1 2025 (%) For €1 / % Pound sterling 0.8672 0.8423 -2.9% Norwegian krone 11.1707 11.6608 +4.4% Swedish krona 10.7895 11.0961 +2.8% Danish krone 7.4721 7.4607 -0.2% Swiss franc 0.9179 0.9414 +2.6% 38 Present
Slide 39: Core shareholder backing the corporate plan
Core shareholder backing the corporate plan Ownership structure at 30 June 2026 SOPRA GMT Pasquier Odin One Equity Historical Treasury family family Partners managers shares 54.0% 22.4% 22.6% 0.6% 0.4% 60.8% 25.5% 12.9% 0.5% 0.2% 19,689,538 listed shares 25,367,134 theoretical voting rights Founders
Slide 40: Alternative performance measures
Alternative performance measures • Restated revenue: Revenue for the prior year, expressed on the basis of the scope and exchange rates for the current year. • Organic revenue growth: Increase in revenue between the period under review and restated revenue for the same period in the prior financial