Slide 1: FY 2024 Results
FY 2024 Results Paris, March 5th, 2025
Slide 2: Today's presenters
Today’s presenters Philippe Jacques-François Salle de Prest Group CEO Group CFO 2 | March 5, 2025 | Atos FY 2024 results presentation
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. These r
Slide 4: Agenda
Agenda 1. Key messages 2. 2024 Business Highlights 3. 2024 Financial Results 4. Key takeaways 5. Q&A 4 | March 5, 2025 | Atos FY 2024 results presentation
Slide 5: Key messages
01 Key messages Philippe Salle Group CEO
Slide 6: FY 2024 highlights
FY 2024 highlights Full year 2024 M&A Industrial turnaround plan performance update in motion • Q4 2024 book to bill • Completion of the sale of • Successful closing of the stronger than Q4 2023, with Worldgrid financial restructuring signature of large multi-year • Receipt of a non-binding • Atos c
Slide 7: FY 2024 performance
FY 2024 performance Group Revenue Group Operating Margin Group Free cash flow €9.6 bn €199 m €-2.2 bn -5.4% yoy. Organic 2.1% of revenue -210 bps vs 2023 Eviden (-6.7% organically) • Higher SG&A costs allocated to Including: • Contract scope reductions or the business (rather than • End of one-off w
Slide 8: FY order entry at €7.9 billion (€2.7 billion in Q4)
FY order entry at €7.9 billion (€2.7 billion in Q4) Book-to-bill at 82% vs 94% in prior year, with stronger activity in Q4 (117%) Eviden Tech Foundations • FY BtB at 88% (94% in FY23) • FY BtB at 76% (94% in FY23) • Q4 BtB at 111% (+12pts vs Q4 23) • Q4 BtB at 122% (+6 pts vs Q4 23) • Large wins sig
Slide 9: FY 2024 Group organic growth & revenue by regional business unit
FY 2024 Group organic growth & revenue by regional business unit Organic revenue evolution Revenue mix Growing Markets North America North 9% Benelux & 20% America UK / IR Nordics -12.3% -14.9% +4.6% Southern Europe € 9.6 bn UK / IR 22% 16% Central Southern Growing Europe Europe Markets -2.1% -1.9%
Slide 10: North America impacted by contract terminations and general slowdown
North America impacted by contract terminations and general slowdown in market conditions Organic revenue evolution Eviden: Double digit decline North Benelux & America UK / IR Nordics • Contract terminations and lower volumes in Healthcare, Finance, and -12.3% -14.9% +4.6% Transport & Logistics. Te
Slide 11: UK & Ireland revenue decrease reflects contract terminations and volume decline
UK & Ireland revenue decrease reflects contract terminations and volume decline Organic revenue evolution Eviden: Double digit decline: North Benelux & • Decline in Digital reflecting contract America UK / IR Nordics completions volume reduction in the -12.3% -14.9% +4.6% Public Sector • Decline in
Slide 12: Benelux & Nordics grew driven by BDS growth
Benelux & Nordics grew driven by BDS growth Organic revenue evolution Eviden: Double digit growth: North Benelux & America UK / IR Nordics • New High-Performance Computer -12.3% -14.9% +4.6% (“HPC”) sold to an innovation center in Denmark. Tech Foundations Central Southern Growing Low single-digit d
Slide 13: Central Europe revenue decrease reflects scope and volume reduction
Central Europe revenue decrease reflects scope and volume reduction Organic revenue evolution Eviden: Low single-digit decline: North Benelux & • Decline in Digital due to volume reduction America UK / IR Nordics from Manufacturing and Defense -12.3% -14.9% +4.6% customers • Ongoing delivery of a la
Slide 14: Southern Europe revenue decrease reflects volume reductions and contract completions
Southern Europe revenue decrease reflects volume reductions and contract completions Organic revenue evolution Eviden: Low-single digit decline: North Benelux & • Decline of Digital revenue, reflecting America UK / IR Nordics volume reduction in Automotive, -12.3% -14.9% +4.6% Transport & Logistics
Slide 15: Growing Markets growth driven by Paris Olympic & Paralympic Games and UEFA
Growing Markets growth driven by Paris Olympic & Paralympic Games and the UEFA contract Organic revenue evolution Eviden: North Benelux & Double digit decline: America UK / IR Nordics • Lower revenue in BDS vs. 2023 (when a -12.3% -14.9% +4.6% HPC was delivered in South America) Tech Foundations Dou
Slide 16: Workforce attrition remains in line with historical levels at 15.6%
Workforce attrition remains in line with historical levels at 15.6% +9,388 95,140 -973 -13,739 78,112 -11,704 Worldgrid disposal in Q4 incl. c.4,900 employees transferred to new service providers following contract completions and terminations Headcount as of Scope Hiring Leavers Restructuring, Head
Slide 17: FY 2024 Financial results
03 FY 2024 Financial results Jacques-François de Prest CFO
Slide 18: FY 2024 key financial figures
FY 2024 key financial figures Revenue Operating margin Free cash flow €9.6 bn €199 m €-2.2 bn -5.4% yoy. organic 2.1% of revenue End of one-off WCR -210 bps organically optimization (€-1.5bn vs Dec23) Net debt Net income (excl. IFRS 9 fair value treatment) Group share €1.2 bn €0.2 bn Net debt incl.
Slide 19: FY 2024 revenue bridge
FY 2024 revenue bridge Organic evolution in €m: 10,693 (547) (592) 24 9,577 -5.4% -5.2% +0.2% FY 2023 revenue Organic Scope Foreign Exchange FY 2024 revenue 19 | March 5, 2025 | Atos FY 2024 results presentation
Slide 20: FY 2024 operating margin
FY 2024 operating margin -210 bps organic decrease vs prior year (in €m) 4.2% Eviden: €90m ✓ OM% at 2.0%, down -350 bps organically ✓ Higher SG&A costs allocated to the business rather than allocated to Other Operating income** 423 [2.0%-2.4%] ✓ Revenue decline 2.1% ✓ Lower utilization of billable r
Slide 21: Operating margin to Net income
Operating margin to Net income (in € million) 2024 2023 Operating margin 199 467 Reorganization costs -119 -696 Rationalization and associated costs -37 -38 Integration and acquisition costs 3 4 Amortization of intangible assets (PPA from acquisitions) -57 -108 Equity-based compensation -2 -19 Impai
Slide 22: Operating margin to Net income
Operating margin to Net income (in € million) 2024 2023 Operating margin 199 467 • € -56m: workforce adaptation Reorganization costs -119 -696 measures and restructuring plans launched in previous years Rationalization and associated costs -37 -38 • € -42m: Separation and Integration and acquisition
Slide 23: Operating margin to Net income
Operating margin to Net income (in € million) 2024 2023 Operating margin 199 467 Reorganization costs -119 -696 • Continuation of the data Rationalization and associated costs centers consolidation program -37 -38 Integration and acquisition costs 3 4 Amortization of intangible assets (PPA from acqu
Slide 24: Operating margin to Net income
Operating margin to Net income (in € million) 2024 2023 Operating margin 199 467 Reorganization costs -119 -696 Rationalization and associated costs -37 -38 Integration and acquisition costs 3 4 Consisting mainly of: Amortization of intangible assets (PPA from acquisitions) -57 -108 • €-2,240m impai
Slide 25: Operating margin to Net income
Operating margin to Net income (in € million) 2024 2023 Operating margin 199 467 Reorganization costs -119 -696 Rationalization and associated costs -37 -38 Integration and acquisition costs 3 4 Amortization of intangible assets (PPA from acquisitions) -57 -108 Equity-based compensation -2 -19 Inclu
Slide 26: Operating margin to Net income
Operating margin to Net income (in € million) 2024 2023 Operating margin 199 467 Reorganization costs -119 -696 Rationalization and associated costs -37 -38 Integration and acquisition costs 3 4 Amortization of intangible assets (PPA from acquisitions) -57 -108 Equity-based compensation -2 -19 Impai
Slide 27: Operating margin to Net income
Operating margin to Net income (in € million) 2024 2023 Operating margin 199 467 Reorganization costs -119 -696 Rationalization and associated costs -37 -38 Integration and acquisition costs 3 4 Amortization of intangible assets (PPA from acquisitions) -57 -108 Equity-based compensation -2 -19 Impai
Slide 28: Detail of the €3,520 m financial impact of the debt restructuring
Detail of the €3,520 m financial impact of the debt restructuring Net gain from the debt to equity swap Gain related to the IFRS 9 debt fair value €-45 m €-165 m +2,766 treatment expense cost and fees related to the reported in issuance of the income +965 the warrants statement -45 -165 €3.5bn finan
Slide 29: Operating margin to Net income
Operating margin to Net income (in € million) 2024 2023 Operating margin 199 467 Reorganization costs -119 -696 Rationalization and associated costs -37 -38 Integration and acquisition costs 3 4 Amortization of intangible assets (PPA from acquisitions) -57 -108 Equity-based compensation -2 -19 Impai
Slide 30: Operating margin to Net income
Operating margin to Net income (in € million) 2024 2023 Operating margin 199 467 Reorganization costs -119 -696 Rationalization and associated costs -37 -38 Integration and acquisition costs 3 4 Amortization of intangible assets (PPA from acquisitions) -57 -108 Equity-based compensation -2 -19 Impai
Slide 31: Free cash flow reflecting end of one-off working capital optimization
Free cash flow reflecting the end of one-off working capital optimization actions and higher capex linked to HPC contracts (in € million) 2024 2023 Operating Margin before Depreciation & Amortization (OMDA) 722 1,026 Capital expenditures -444 -205 Lease payments -301 -358 Change in working capital r
Slide 32: Free cash flow reflecting end of one-off working capital optimization
Free cash flow reflecting the end of one-off working capital optimization actions and higher capex linked to HPC contracts (in € million) 2024 2023 Operating Margin before Depreciation & Amortization (OMDA) 722 1,026 Capital expenditures -444 -205 Capex up €+239 m linked to investment in -301 -358 t
Slide 33: End of one-off working capital optimization actions in 2024
End of one-off working capital optimization actions in 2024 vs year-end 2023 Working capital optimization End of one-off working capital optimization actions in 2024 €1.8 bn • €0.3bn of customer invoices paid in advance without any discount and on a pure voluntary basis 650 As a reminder, working ca
Slide 34: Free cash flow reflecting end of one-off working capital optimization
Free cash flow reflecting the end of one-off working capital optimization actions and higher capex linked to HPC contracts (in € million) 2024 2023 Operating Margin before Depreciation & Amortization (OMDA) 722 1,026 Capital expenditures -444 -205 Lease payments -301 -358 Change in working capital r
Slide 35: Free cash flow reflecting end of one-off working capital optimization
Free cash flow reflecting the end of one-off working capital optimization actions and higher capex linked to HPC contracts (in € million) 2024 2023 Operating Margin before Depreciation & Amortization (OMDA) 722 1,026 Capital expenditures -444 -205 Lease payments -301 -358 Change in working capital r
Slide 36: Free cash flow reflecting end of one-off working capital optimization
Free cash flow reflecting the end of one-off working capital optimization actions and higher capex linked to HPC contracts (in € million) 2024 2023 Operating Margin before Depreciation & Amortization (OMDA) 722 1,026 Capital expenditures -444 -205 Lease payments -301 -358 Change in working capital r
Slide 37: Free cash flow reflecting end of one-off working capital optimization
Free cash flow reflecting the end of one-off working capital optimization actions and higher capex linked to HPC contracts (in € million) 2024 2023 Operating Margin before Depreciation & Amortization (OMDA) 722 1,026 Capital expenditures -444 -205 Lease payments -301 -358 Change in working capital r
Slide 38: Free cash flow reflecting end of one-off working capital optimization
Free cash flow reflecting the end of one-off working capital optimization actions and higher capex linked to HPC contracts (in € million) 2024 2023 Operating Margin before Depreciation & Amortization (OMDA) 722 1,026 Capital expenditures -444 -205 Lease payments -301 -358 Change in working capital r
Slide 39: Gross debt of €3.1 bn, excluding RCF of €0.5 bn undrawn at year-end
Gross debt of €3.1 bn, excluding RCF (*) of €0.5 bn undrawn at year-end No maturity before December 2029 Net cash of €1.7 bn at year-end In addition, short-term financial assets of €0.1 billion Total gross debt at € 4.3 bn at maturity, including RCF of €0.5bn (in m€) Net debt: 239 318 €1.2 billion 3
Slide 40: Key takeaways
04 Key takeaways Philippe Salle CEO
Slide 41: A new chapter for Atos
A new chapter for Atos New governance in place with a combination of 1 Chairman & CEO roles and a Board reduced to 8 directors with strong and recognized domain expertise Transformation plan in motion, targeting sustainable 2 improvement in cash generation, increased efficiency through simplicity an
Slide 42: Capital Markets Day May 14th, 2025
Next update on Strategy & Organization Capital Markets Day May 14th, 2025 Paris, France 42 | March 5, 2025 | Atos FY 2024 results presentation
Slide 43: Q&A session
05 Q&A session
Slide 44: Thank you
Thank you For more information please contact: David Pierre-Kahn – Head of Investor Relations david.pierre-kahn@atos.net M +33 6 28 51 45 96 Sofiane El Amri – Investor Relations sofiane.elamri@atos.net M +33 6 29 34 85 67 Atos is a registered trademark of Atos SE. © 2024 Atos. Confidential informati