Slide 1: Atos Group H1 2026 Results
Atos Group H1 2026 Results July 30, 2026
Slide 2: Today's presenters
Today’s presenters Philippe Salle Jacques-François de Prest Group Chairman & CEO Group CFO 2 | 30/07/2026 | H1 26 Results | © Atos Group - for external use
Slide 3: Disclaimer
Disclaimer This document contains forward -looking statements that involve risks and uncertainties, including references, concerning the Group’s expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward - looking statements . The
Slide 4: Today's agenda
Today’s Today’sagenda agenda H1 2026 Business highlights H1 2026 Performance Operating Operational by Segment performance H1 2026 Financial results Outlook Questions & Answers
Slide 5: H1 2026 Business highlights
01 H1 2026 Business highlights Philippe Salle Group Chairman & CEO
Slide 6: H1 2026: building on sustained delivery, on track to achieve full-year targets
H1 2026: building on sustained delivery, on track to achieve full-year targets Strong H1 performance Ongoing further Full -year targets confirmed delivery of restructuring Commercial traction Increasing momentum across three building further strategic technology pillars 6 | 30/07/2026 | H1 26 Result
Slide 7: Strong financial performance across key metrics
Strong financial performance across key metrics Q2 26 REVENUE H1 26 OPERATING MARGIN Q2 26 ORDER ENTRY €1,661 m €190 m €1.5 bn at current perimeter 1 5.7% of revenue Book -to -bill: 91% (-6.3% yoy organic growth) at current perimeter 1 (up 7 pts from 84% in Q2 25) (up 2.1 pts vs H1 25) NET CHANGE IN
Slide 8: Building momentum towards sustainable growth
Building momentum towards sustainable growth Atos Group revenue and Atos SBU organic growth by quarter (in € million, at current perimeter 1, except 2025 OG% Atos SBU) 1 900 -6,6% -5,0% 1 800 75 -9,0% 71 82 -11,4% -10,0% 1 700 86 81 1 600 74 1 704 -15,0% 1 763 -17,3% 1 500 1 693 1 590 1 561 1 581 1
Slide 9: 112% of Genesis target savings completed at the end of H1 26
112% of Genesis target savings completed at the end of H1 2026 Growth & offering Legal entities & Operational and cost portfolio management countries review efficiencies • Accelerated initiatives to support the three • Divestiture of South America activities • Further progress in restructuring strat
Slide 10: Workforce evolution reflecting Genesis execution and the divestitures
Workforce evolution reflecting Genesis execution and the divestitures -13.8% 63 194 2 738 -5 084 -3 478 54 476 -2 894 Voluntary attrition rate H1 2026 = 11.8% vs 16.0% in H1 2025 Headcount Scope Hirings Leavers Restructuring, dismissals Headcount as of as of & others 30/06/2026 31/12/2025 Employee N
Slide 11: Commercial traction building further
Commercial traction building further BtB at 91% in Q2 2026 Qualified pipeline* Renewal rate reached Group NPS up 2.4% in up c. 7 pts H1 2026 vs FY 2025 94% in Q2 2026 (vs 89% Q2 2025) up c. €760m vs. 90% in Q2 2025 International Markets driven by in Q2 2026 and North America France, UK and Eviden (9
Slide 12: Atos strategic pillars strong momentum
Atos strategic pillars strong momentum Successfully delivering value to our customers…. A A A A EUROCONTROL DEFRA CNA C Leading EU C C C Atos is helping EUROCONTROL S The UK Department for One of the largest U.S. commercial S Energy Company modernise Europe's air traffic Environment, Food & Rural Af
Slide 13: Atos strategic pillars strong momentum
Atos strategic pillars strong momentum ….supported by targeted partnerships and backed by analysts Recognized by our sector in H1 2026 Agentic AI Digital Sovereignty Cybersecurity Accelerating enterprise Agentic AI Giving organizations authority over their Moving from static protection to adaptive,
Slide 14: H1 2026 Operational performance
H1 2026 02 Operational performance Philippe Salle Group Chairman & CEO
Slide 15: Q2 2026 revenue evolution
Q2 2026 revenue evolution Atos Group revenue (Q2, in € million, 2025 -2026) 1 952 1 774 -166 -12 1 661 -113 -6.3% Q2 25 published Divestitures & others Foreign Q2 25 Organic Q2 26 Exchange current perimeter * growth current perimeter Notes: (*) At June 2026 average exchange rates perimeter 15 | 30/0
Slide 16: Group organic growth & revenue by geo
Group organic growth & revenue by geo Q2 Organic growth trend H1 Revenue mix at current perimeter 1 at current perimeter 1 GS 0,2% Eviden 5% Germany, Germany, North France Austria & CE America BNN -9% YoY -20% YoY Austria and CE -5% YoY 11% +4 pts vs Q1’26 +7 pts vs Q1’26 +4 pts vs Q1’26 21% ATOS SB
Slide 17: Strong operating margin expansion despite -8.9% organic revenue decline
Strong operating margin expansion despite -8.9% organic revenue decline Legend XX% OM in % of external revenue Atos Group operating margin (H1, in € million and % of external revenue, 2025 -2026) 57 190 5.7 % 27 133 -8 3.7 % + 43 % 113 2.8 % 2.6 % 2.6% H1' 25 Divestitures & Others Foreign H1'25 OM O
Slide 18: H1 2026 Group Operating Margin by Geography
H1 2026 Group Operating Margin by Geography Operating margin per geography (in € million, H1 2026 current perimeter 1) Operating margin per geography (in € million, H1 2026 published ) €190m GDC 16 BNN (Belux, € 169m 15 Netherlands, GDC 16 BNN (Belux, International Nordics) 28 15 Netherlands, Market
Slide 19: Atos – Germany, Austria & Central Europe: significant improvement in margin
Atos – Germany, Austria & Central Europe: significant improvement in margin -10.8% org - 9% organic growth yoy in Q2 26 761 1,2 679 • Managed ramp -down of low -profitability contracts 1 Revenue 0,8 0,6 • A few large client -ramp downs following insourcing (€m) 0,4 0,2 strategies 0 • Partially offse
Slide 20: Atos - North America: revenue stabilizing year-to-date
Atos - North America: revenue stabilizing year-to-date -23.6% org - 20 % organic growth yoy in Q 2 26 645 1,2 493 1 • +7 points quarter -on -quarter improvement in organic growth supported by 115% book -to -bill Revenue 0,8 0,6 • Exit from low profitability contracts and some scope reduction at (€m)
Slide 21: Atos – France: growth trend improving through Q2
Atos – France: growth trend improving through Q2 Growing yoy order entry & BtB above 100% -7.5% org - 5% organic growth yoy in Q2 26 591 1,2 546 • High exposure to the recently muted public sector 1 Revenue 0,8 0,6 (€m) 0,4 0,2 • Public sector commercial activity picked up at the 0 back end of Q 2 H
Slide 22: Atos - UK & Ireland: revenue growth acceleration
Atos - UK & Ireland: revenue growth acceleration Growing yoy order entry & BtB above 100% +7.1% org 1,2 +9% organic growth yoy in Q 2 26 565 606 1 • Increased adoption of offerings among existing clients, notably government clients 0,8 Revenue 0,6 • New accretive revenue from existing clients, espec
Slide 23: Atos - International Markets: recovery building across most geographies
Atos - International Markets: recovery building across most geographies, despite large ramp-down in Asia Pacific 550 -9.1% org - 6% organic growth yoy in Q 2 26 500 490 450 445 • Contract ramp -down in Asia Pacific (mainly one Revenue 400 client) and Switzerland (€m) 350 • Offset by positive growth
Slide 24: Atos - Belux, Netherlands & Nordics: growth trend improving
Atos - Belux, Netherlands & Nordics: growth trend improving despite contract exits and client ramp-downs -7.5% org - 5% organic growth yoy in Q 2 26 : 399 369 • Managed exits from low -profitability contracts Revenue • Ramp downs on existing clients (€m) • Churn partially offset by growing activity
Slide 25: Eviden: growth momentum accelerating across key markets
Eviden: growth momentum accelerating across key markets Growing yoy order entry & BtB above 100% +6.1% org +14% organic growth yoy in Q 2 26 155 146 • Growth in Defence activities (additional revenue opportunities in existing accounts and developing new logos) Revenue • Slowdown in MET due to Iran w
Slide 26: H1 2026 Financial Results
03 H1 2026 Financial Results Jacques-François de Prest Group CFO
Slide 27: Net Loss due to Further Restructuring and Refinancing
Net Loss due to Further Restructuring and Refinancing (in € million) H1 2026 H1 2025 Operating margin 169 1 113 1 Corresponding to €190m at current perimeter Reorganization costs -113 2 -355 2 Genesis -related Rationalization and associated costs -8 -24 Integration and acquisition costs - - 3 Of whi
Slide 28: Net change in cash (excl. WCA) of €-120 million reflecting business seasonality
Net change in cash (excl. WCA) of €-120 million reflecting business seasonality 315 + working capital productivity -33 -variable incentive payment impact on WC -118 -14 € 91 million real estate and €27 million other -127 -21 €118 million reorganization and €9 -82 million rationalization -39 -120 OMD
Slide 29: Net Debt Evolution (in m€)
Net Debt Evolution (in m€) -945 Incl. receivable factoring 800 -1198 Incl. PIK / Call Incl. FX on Premium fin. asset 215 -898 -1843 -146 5 -120 -109 -1998 Net debt IFRS 9 Net debt NCC at current M&A Change in Change in Others Net debt IFRS 9 Net debt 31/12/25 impact 31/12/25 perimeter WCA Gross 30/0
Slide 30: 1L Debt Refinancing generating €59 million annual savings
1L Debt Refinancing generating €59 million annual savings Achievements Pre Refinancing Post Refinancing 13.00% 1L Debt • Reduced cash interest and removal of PIK (9% cash + 4% PIK) ➢ New €950m SSN: 8.125% cash 1 Reduced financing costs ~€150m of annual ➢ New €300m FRN: E+5.25% cash interest • ~€100m
Slide 31: No debt maturity before end of 2030
No debt maturity before end of 2030 0,07 Atos total gross debt maturity (2024 -2032, €B) €0.95B Total liquidity Nominal debt including pro -rated and capitalized PIK as of June 30, 2026 (after full 1L repayment in July incl. €70m of RCF ) €3.2B 1.5 Total gross debt (after full 1L repayment 1.25 incl
Slide 32: Outlook
04 Outlook Philippe Salle Group Chairman & CEO
Slide 33: Confirmed financial ambition at current perimeter
Confirmed financial ambition at current perimeter 2026 2028 Stabilization Sustainable cash generation Organic growth at the low end Organic growth acceleration of the range, at c -5% 1 5-7% 2026 -2028 revenue CAGR ~7% Operating Margin Further cost optimization & Positive net change in cash 2 profita
Slide 34: Q&A Session
Q&A Session ATOS
Slide 35: Q&A Session
Q&A Session Philippe Salle Jacques-François de Prest Group Chairman & CEO Group CFO 35 | 30/07/2026 | H1 26 Results | © Atos Group - for external use
Slide 36: Thank You!
Thank You! For more information Please contact: investors@atosgroup.com Atos is a registered trademark of Atos SE. © 2026 Atos. Confidential information owned by Atos, to be used by the recipient only. This document, or any part of it, may not be reproduced, copied, circulated and/or distributed nor