Slide 1: 2024 half-year results
September 2024 2024 half-year results. • Dominique Louis – Chairman & CEO • Malène Korvin – Chief Financial Officer 1
Slide 2: Contents
Contents. 01 Significant events of first-half 2024 Page 4 02 First-half 2024 financial performance Page 8 03 Outlook for full-year 2024 Page 15 04 Appendices Page 18 2
Slide 3: Disclaimer
Disclaimer This presentation includes forward looking statements, which, by their very nature, involve inherent risks and uncertainties. These statements concern future financial performance and other risks relating to Assystem's markets as well as its results, levels of business, performance, and o
Slide 4: Significant events of first-half 2024
SIGNIFICANT EVENTS OF FIRST- HALF 2024. 4
Slide 5: Our vision of the nuclear market
Our vision of the nuclear market. Installed fleet Decomissioning Nuclear new-builds Fuel cycle and defence Consensus reached on The programmes to Extending the lifespan Significant extending the lifespan build large new nuclear of existing reactors and and increasing of nuclear power plants: plants
Slide 6: A geographic presence aligned with developments in the nuclear industry
A geographic presence aligned with Breakdown of revenue developments in the nuclear industry. 63% 37% France Int’l Assystem is ranked in the top 3 independent nuclear engineering companies in the world (Jacobs and AtkinsRéalis) ● Assystem is a key partner of EDF in France and internationally (partic
Slide 7: Finalisation of our retention plan
Finalisation of our retention plan. ● From H2 2022 to date - A successful strategy for recruiting, retaining and training engineers, with the market now in a lull and the number of departures decreasing ● July 2024 - Final phase completed of our plan to retain key people until at least 2030 (Top 50
Slide 8: Financial performance in first-half 2024
FINANCIAL PERFORMANCE IN FIRST-HALF 2024. 8
Slide 9: First-half 2024 key figures
First-half 2024 key figures REVENUE EBITA* €301.3m €18.5m +6.7% +17.8% 6.1% of revenue +0.5 pt • Organic growth: 5.8% CONSOLIDATED PROFIT o Scope effect(1) : +0.7% o Currency effect: +0.2% €5.0m (1) Consolidation of India-based L&T IEL and France-based KEOPS Automation since 1 January 2024, and deco
Slide 10: First-half 2024 revenue
First-half 2024 revenue. FRANCE 63% of H1 24 revenue INTERNATIONAL (in €m) (in €m) 186.5 +2.8 189.6 (3.7) +4.0 +5.8 111.7 Q2 org. +6.1 +3.8 Scope Q1 org. 96.0 effect growth growth Q1 org. Q2 org. Scope & growth growth currency effects H1 2023 H1 2024 H1 2023 H1 2024 • Organic growth: 3.7% • Organic
Slide 11: Operating performance in first-half 2024
Operating performance in first-half 2024. EBITA AND EBITA MARGIN (in €m) 18,5 • Increase in EBITA margin, mainly due to the Group’s 15.7 +17.8% enhanced use of resources 5.6% +0.5pt 6.1% % of % of (in €m) H1 2023 H1 2024 revenue revenue Group 15.7 5.6% 18.5 6.1% France 8.1 4.3% 11.3 6.0% Internation
Slide 12: Consolidated profit in first-half 2024
Consolidated profit in first-half 2024. (in €m) EBITA TO CONSOLIDATED PROFIT IN H1 2024 CONSOLIDATED PROFIT 2.8 (8.6) 18.5 21.0 (4.1) EBITA (4.6) impact (8.4) Non-recurring (0.7) expenses (4.1) and share- based (1.7) 5.0 payments 5.0 (free share plans) ContributionNet financial of Expleo Group expen
Slide 13: Expleo Group's contribution to Assystem's results in H1 2024
Expleo Group’s contribution to Assystem’s results in H1 2024. REVENUE €728.2m +4.2% vs H1 2023 EBITDA (1) €70.6m +5.6% representing a margin of 9.7% (+0.1 pt vs H1 2023) CONSOLIDATED PROFIT/(LOSS) (2) €12.0m loss (vs €11.6m profit in H1 2023) Contribution to Assystem’s H1 2024 consolidated profit: €
Slide 14: Movements in net debt
Movements in net debt. (in €m) – excluding the IFRS 16 impact for all data Free cash flow €15.9m (100.8) 52.2 (21.0) 10.0 Net cash position 26.9 EBITDA Change in WCR Other FCF (14.7) 6.5 At 31 Dec. 2023 11.5 At 30 June Other 2024 financial Impact of the Acquisitions cash flows sale of the Group's st
Slide 15: Outlook for full-year 2024
OUTLOOK FOR FULL-YEAR 2024. 15
Slide 16: Outlook for full-year 2024
Outlook for full-year 2024(1). CONSOLIDATED REVENUE Around €620m EBITA MARGIN (2) Around 7% The Group’s targets for full-year 2024 take into account the sale of its activities in the Pacific region and the two acquisitions carried out as at the date of this presentation(3). (1) Based on the assumpti
Slide 17: Thank you
THANK YOU. 2024 FINANCIAL CALENDAR CONTACTS • Malène Korvin – Chief Financial Officer – 24 October: Third-quarter 2024 revenue release mkorvin@assystem.com – Tel.: +33 (0)1 41 25 29 00 • Anne-Charlotte Dagorn – Marketing and Communications Director – acdagorn@assystem.com – Tel.: +33 (0)6 83 03 70 2
Slide 18: Governance
Governance. Executive Committee. Dominique Louis Stéphane Aubarbier Malène Korvin Christian Jeanneau Thomas Branche Chairman & CEO Deputy Chief Executive Officer Group Chief Financial Officer Executive Vice President – Executive Vice President – International, Project Management France, Nuclear and
Slide 19: Breakdown of H1 2024 revenue and EBITA
Breakdown of H1 2024 revenue and EBITA. % change % change REVENUE H1 2023 H1 2024 (reported) (organic) (in €m) (2) (1) Consolidation of India-based L&T Infrastructure Engineering Limited (L&T IEL) and France-based KEOPS Group(1) 282.5 301.3 +6.7% +5.8% Automation since 1 January 2024, and deconsolid
Slide 20: H1 2024 condensed consolidated income statement
H1 2024 condensed consolidated income (in €m) H1 2023 H1 2024 statement. Revenue 282.5 301.3 Operating profit before non-recurring items (EBITA)(1) 15.7 18.5 (1) Operating profit before non-recurring items (EBITA – EBITA margin 5.6% 6.1% Earnings Before Interest and Taxes – from Activity) including
Slide 21: Condensed balance sheet at 30 June 2024
Condensed balance sheet at 30 June 2024. Non-current assets(1) . o/w goodwill: €135.8m 179.1 303.8 • Equity Right-of-use assets (IFRS 16) . 32.3 Expleo Group shares and . 177.8 • Non-current liabilities(2) convertible bonds 30.6 34.6 • Lease liabilities (IFRS 16) Net WCR . 46.5 81.4 • Dividend payab
Slide 22: Ownership structure
Ownership structure. SHAREHOLDING PATTERN ASSYSTEM SHARES at 31 August 2024 • Euronext Compartment B • Indices: Euronext Tech Leaders, CAC Small, CAC Mid & Small, CAC Industrials, CAC All-Tradable and CAC All-Share 36.11% • ISIN: FR0000074148 Free float (2) • Eligible for equity savings schemes (PEA
Slide 23: ASSYSTEM.COM
Copyright photos: Adobe stock – Photo drone ©EDF - Agence Movement; Bernard Gaetan ASSYSTEM.COM 23