Slide 1: Q1 FY 2026/27 Orders & Sales
Q1 FY 2026/27 Orders & Sales Department January 2026name / Speaker name 22 July 2026 © ALSTOM SA 2026. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete or correct or will apply to any par
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 factors
Slide 3: Commercial start in line with plan
Commercial start in line with plan Systems Signalling 0.6 1.2 0.5x Rolling Stock Group book-to-bill 0.8 vs. 0.9x in Q1 2025/26 Services €2.6bn Order intake vs. 4.1bn in Q1 Africa ME CA 2025/26 1.1 1.1 Good start in Signalling, in part supported by Europe ~€300m worth of contracts in Egypt 0.2 0.2 As
Slide 4: Several operational milestones in Q1
Several operational milestones in Q1 Homologation of the TGV-M for SNCF, the first of the trains Large-scale turnkey Cairo developed under Alstom’s Avelia Monorail project entering Horizon double-deck very-high- commercial service, with speed platform with 190 Alstom now under operations trainsets c
Slide 5: Soft start to the year before production pace picks up again
Soft start to the year before production pace picks up again Car production (#) 1,282 Car production decreasing by 2% 1,206 (end of production for major project BART) 1,098 1,056 1,061 1,038 965 961 940 Higher share (2X) of projects in ramp-up phase compared to last year FY 2026/27 car production ou
Slide 6: Sales growth in line with full-year guidance
Sales growth in line with full-year guidance Rolling Stock: €2.5bn +5% vs Q1 2025/26, of which +6% organic 4.8% €4,734m Regional (e.g. Bulgaria) train programmes and €4,514m €4,515m Locomotives ramping up in Europe Services: €1.2bn +10% vs Q1 2025/26, of which +9% organic North American O&M business
Slide 7: FY 2026/27 outlook confirmed
FY 2026/27 outlook confirmed Group book-to-bill >1x Organic sales growth ~5% Car production 4,400-4,500 Adjusted EBIT margin ~6.5% Free-Cash-Flow Positive H1 Free-Cash-Flow €(1.5)bn Capital Markets Day Early 2027 1 © ALSTOM SA 2026. All rights reserved. Information contained in this document is indi
Slide 8: Contacts & Agenda
Contacts & Agenda 1 1 CONTACTS AGENDA Cyril Guérin VP Investor Relations and M&A 17 November 2026 Guillaume Gauvillé FY 2026/27 Half-Year Results Head of Investor Relations 19 January 2027 Jalal Dahmane FY 2026/27 Third Quarter – Orders & Sales Investor Relations Analyst investor.relations@alstomgro
Slide 9: © ALSTOM SA 2026. All rights reserved. Information contained in this document is indicative
1 © ALSTOM SA 2026. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete or correct or will apply to any particular project. This will depend on the technical and commercial circumstances. It
Slide 10: Questions and Answers
End of Presentation Questions and Answers © ALSTOM ALSTOM SA SA 2026. 2026. All All rights rights reserved. reserved. Information Information contained contained in in this this document document is is indicative indicative only. only. No No representation representation or or warranty warranty is i
Slide 11: Appendix Section
Appendix Section © ALSTOM SA 2026. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete or correct or will apply to any particular project. This will depend on the technical and commercial ci
Slide 12: Sales - Reported vs Organic figures by quarter
Sales - Reported vs Organic figures by quarter FY 2025/26 FY 2026/27 Reported growth Q1 Q2 Q3 Q4 Q1 Rolling Stock 3% 3% 4% 14% 5% Services (0)% 6% 8% 2% 10% Systems 25% (13)% (15)% (16)% (8)% Signalling (5)% 15% 2% (2)% 4% GROUP 3% 4% 3% 6% 5% FY 2025/26 FY 2026/27 Organic growth Q1 Q2 Q3 Q4 Q1 Roll
Slide 13: Appendix - Non-GAAP financial indicators definitions (1/3)
Appendix - Non-GAAP financial indicators definitions (1/3) This section presents financial indicators used by the Group that are not defined by accounting standard setters. • Orders received A new order is recognised as an order received only when the contract creates enforceable obligations between
Slide 14: Appendix - Non-GAAP financial indicators definitions (2/3)
Appendix - Non-GAAP financial indicators definitions (2/3) This section presents financial indicators used by the Group that are not defined by accounting standard setters. • Adjusted EBIT Adjusted EBIT (“aEBIT”) is a KPI that presents the level of recurring operational performance. This KPI is also
Slide 15: Appendix - Non-GAAP financial indicators definitions (3/3)
Appendix - Non-GAAP financial indicators definitions (3/3) This section presents financial indicators used by the Group that are not defined by accounting standard setters. • Contract and Trade Working Capital Contract Working Capital is the sum of: • Contract Assets & Liabilities, which includes th
Slide 16: © ALSTOM SA 2026. All rights reserved. Information contained in this document is indicative
1 © ALSTOM SA 2026. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete or correct or will apply to any particular project. This will depend on the technical and commercial circumstances. It