Slide 1: 1st Quarter Fiscal Year 2025/26
1st Quarter Fiscal Year 2025/26 23 July 2025 1
Slide 2: Disclaimer
Disclaimer ● This presentation contains forward-looking statements which are based on current plans and forecasts of Alstom’s management. Such forward-looking statements are relevant to the current scope of activity and are by their nature subject to a number of important risks and uncertainty facto
Slide 3: Orders up 12% during the first quarter
Orders up 12% during the first quarter Orders for Q1 2025/26 (€bn) 4.1 4.1 +12% 0.3 APAC Americas 0.3 Signalling 0.8 0.1 Systems Services 0.8 4.1 3.5 Europe 3.6 2.4 Rolling stock Q1 2024/25 Q1 2025/26 Q1 2025/26 Q1 2025/26 ● Group Book-to-bill ratio at 0.9x / at 1.0x for Rolling Stock ● Robust start
Slide 4: Two large orders supporting Rolling Stock book-to-bill ratio in Q1 FY2025/26
Two large orders supporting Rolling Stock book-to-bill ratio in Q1 FY2025/26 Large orders received in Q1 FY 2025/26 €0.6bn €1.7bn BULGARIA FRANCE 35 Coradia Stream trainsets with maintenance 96 additional RER NG commuter trainsets for the Paris area © ALSTOM SA 2025. All rights reserved. Information
Slide 5: Solid growth in Q1 across all product lines
Solid growth in Q1 across all product lines Q1 2025/26 sales (in €m) Q1 2025/26 sales by product line +2.8% ROLLING STOCK: €2,416m (+3% vs Q1 2024/25, o/w 5% org) (2.7%) Significant ramp-up in Germany, as planned Continuous strength in France, the US and Italy + 7.2% (1.5)% SERVICES: €1,070m (stable
Slide 6: Q1 FY 2025/26 production: Stable volumes but better mix
Q1 FY 2025/26 production: Stable volumes but better mix Car production • Stable production in Q1 compared to last year 1,282 1,122 1,125 1,165 1,153 • Ramp-up for high-speed trains in France, 1,098 1,110 commuter trains in France and regional trains in 1,038 1,026 Germany 982 990 965 961 • Ramp-down
Slide 7: FY 2025/26 outlook and medium-term ambitions confirmed
FY 2025/26 outlook and medium-term ambitions confirmed Assumptions Outlook • Group and Rolling stock book-to-bill ratio above 1.0x • Supportive market demand • Sales organic growth: 3% to 5% • # cars production stable vs. FY 2024/25 • aEBIT margin around 7% • R&D back to > 3% of sales • FCF within €
Slide 8: Contacts & Agenda
Contacts & Agenda CONTACTS AGENDA Cyril Guérin 13 November 2025 VP Investor Relations and M&A 2025/26 Half-year Results Guillaume Gauvillé Head of Investor Relations investor.relations@alstomgroup.com © ALSTOM SA 2025. All rights reserved. Information contained in this document is indicative only. N
Slide 9: Q&A session
Q&A session 9
Slide 10: www.alstom.com
www.alstom.com www.alstom.com www.alstom.com www.alstom.com 10