Slide 1: 2026 Half-Year Results
30/07/2026 Digital bus shelter, 57th Street, New York 2026 HALF-YEAR RESULTS
Slide 2: Business Overview, Financial Highlights, Outlook & Strategy
01 03 BUSINESS OUTLOOK & OVERVIEW STRATEGY Digital, Stockholm Metro 02 FINANCIAL HIGHLIGHTS Digital, Barcelona Digital, Chicago // 2
Slide 3: Business Overview
BUSINESS OVERVIEW Jean-Charles Decaux Chairman of the Executive Board and Co-CEO Digital, Barcelona // 3
Slide 4: Strong performance driven by digital in H1 2026
STRONG PERFORMANCE DRIVEN BY DIGITAL IN H1 2026 Solid revenue momentum Strong financial performance +16.8% €1,953.9m Operating margin at €359.0m Revenue +53.5% +5.7% Recurring EBIT at €136.2m Organic revenue growth +84.7% +14.5% Net income Group share at €140.1m Organic digital revenue growth Digita
Slide 5: Higher-than-expected revenue growth in Q2
HIGHER-THAN-EXPECTED REVENUE GROWTH IN Q2 Organic growth Solid start of the year incl. +5.7% growth in Q1 H1 Growth across all segments and geographies(1), driven by +5.7% digital Q2 Well above our guidance +5.7% Driven by digital and 2026 FIFA World Cup (1) Organic growth in all geographies except
Slide 6: Growth across all segments
GROWTH ACROSS ALL SEGMENTS H1 2026 Reported growth (%) H1 2026 Organic growth (%) +7.3% +5.7% +5.3% +5.3% +4.8% +4.6% +1.2% +0.8% STREET STREET TRANSPORT BILLBOARD GROUP TRANSPORT BILLBOARD GROUP FURNITURE FURNITURE // 6
Slide 7: Broad-based revenue growth across geographies
BROAD-BASED REVENUE GROWTH ACROSS GEOGRAPHIES UNITED H1 2026 Organic growth (%) KINGDOM GROUP +12.8% FRANCE +5.7% -1.9%(2) REST OF NORTH EUROPE(1) AMERICA +7.8% ASIA PACIFIC +19.6% +2.3% REST OF THE WORLD +3.0%(3) (1) Excluding France and United Kingdom, (2) incl. +1.0% for advertising revenue, (3)
Slide 8: Unique premium and global OOH media footprint
UNIQUE PREMIUM AND GLOBAL OOH MEDIA FOOTPRINT H1 2026 revenue breakdown EUROPE NORTH AMERICA 47.7% BILLBOARD STREET FURNITURE 13.4% 8.1% REST OF THE WORLD REST OF EUROPE 13.1% 31.2% 51.3% 35.3% 20.3% ASIA PACIFIC 16.5% 10.8% TRANSPORT FRANCE UNITED KINGDOM // 8
Slide 9: Dynamic and highly diversified client portfolio
DYNAMIC AND HIGHLY DIVERSIFIED CLIENT PORTFOLIO THE TOP 10 CLIENTS ACCOUNT FOR LESS THAN 12% OF GROUP REVENUE H1 2026 Revenue by customer category, change vs H1 2025 +0% Other +0% +10% Fashion/ Automobile Personal Care & Luxury Goods 12% -10% 17% Services 4% 4% +5% Internet 4% 16% +9% +19%(1) 5% Ret
Slide 10: Strong digital revenue contribution
STRONG DIGITAL REVENUE CONTRIBUTION +14.5% organic digital revenue growth in H1 2026 43.7% of total revenue in Q2 2026 Breakdown of digital revenue by segment (H1 2026) Group digital revenue as a % of total Group revenue +16% CAGR BILLBOARD 42.8% STREET 39.6% 11.2% FURNITURE 36.8% 32.6% 30.0% 23.9%
Slide 11: Growing digital across all business segments
GROWING DIGITAL ACROSS ALL BUSINESS SEGMENTS Street Furniture Transport Billboard London Shenzhen Airport Pretoria 41.0% 37.5% 48.1% 36.1% +24% +10% 44.5% +20% 35.4% CAGR CAGR CAGR H1 2016 / H1 2016 / H1 2016 / H1 2026 H1 2026 H1 2026 19.0% 6.4% 6.5% H1 2016 H1 2025 H1 2026 H1 2016 H1 2025 H1 2026 H
Slide 12: Strong programmatic revenue growth
STRONG PROGRAMMATIC REVENUE GROWTH €102.8m H1 2026 programmatic rev.(1) +30.9% organic growth vs H1 2025 12.3% of total digital revenue (vs 10.1% in H1 2025) Enhanced capabilities 50 DSPs & 350,000+ screens incl. 35,000+ screens from JCDecaux in 46 countries across 5 continents 49 third-party media
Slide 13: Programmatic continued growth ahead
PROGRAMMATIC CONTINUED GROWTH AHEAD SHARE OF PROGRAMMATIC IN DIGITAL REVENUE H1 2026 - TOP 10 COUNTRIES 42.7% 30.8% 20.2% 19.9% 19.9% 13.5% 12.3% 10.7% 9.5% 9.2% 6.4% Allemagne Pays bas Norv ege Espagne Belgique Brésil Group Average Royaume-Uni Australie Italie Etats Unis Group Average pDOOH campaig
Slide 14: Heathrow Airport contract renewal
HEATHROW AIRPORT CONTRACT RENEWAL 8-year advertising contract extending a partnership of more than 25 years UK’s international gateway and world’s most connected airport for the 3rd consecutive year, with 84.5m passengers in 2025 and flights to 230 destinations in over 80 countries. Extensive media
Slide 15: DOOH retail media growing and expanding
DOOH RETAIL MEDIA GROWING AND EXPANDING CARMILA CONTRACT A DYNAMIC ACTIVITY A FAST-GROWING UNDER DEPLOYMENT FOR JCDECAUX MARKET A new data-driven c.90% Digital revenue $174bn Market (1) incl. OOH/DOOH network Online in exclusive partnership with Unlimitail 44 Countries Data Access to 85% of retail s
Slide 16: Best-in-class in ESG
BEST-IN-CLASS IN ESG A List 80/100 AAA 11.1 A 85-100 AAA 0-10 Platinum Negligible risk A- AA 79-84 Gold 10-20 B Media average(4): 15.9 Low risk A B- 72-78 Media average(3): 20-30 Silver BBB BBB Medium risk Media average(1): C C BB C- 63-71 30-40 Bronze High risk Media average(2): 60 D B 0 - 62 40+ D
Slide 17: Strong corporate culture: teams' awards
STRONG CORPORATE CULTURE: TEAMS’ AWARDS SELECTION OF AWARDS JCDecaux UK Displayce Best use of AI in Research Project (Optix Creative pre-testing tool) Gold award Adwanted Media Research Awards, March 2026 Grand Prix Stratégies de l’IA, May 2026 Best employee learning and development program UK Compa
Slide 18: Financial Highlights
FINANCIAL HIGHLIGHTS David Bourg Group Chief Financial, IT & Operations Officer Digital, Stockholm Metro // 18
Slide 19: Summary of financial results
SUMMARY OF FINANCIAL RESULTS Change In million Euros, except %. H1 2026 H1 2025 M€ % Revenue 1,953.9 1,868.3 +85.6 +4.6% Operating Margin 359.0 307.4 +51.5 +16.8% EBIT before impairment charge 196.2 125.6 +70.5 +56.1% Net income Group share, IFRS 140.1 75.9 +64.2 +84.7% Net income Group share, excl.
Slide 20: Strong operating margin improvement
STRONG OPERATING MARGIN IMPROVEMENT Increase in OM (*) to sale ratio across all segments (%) In million € Vs +16.8% 06.2025 +170bp +160bp +310bp +190bp 24.5% +4.6% +3.4% +0.9% 85.6 18.4% -27.2 -6.9 13.9% 11.2% 359.0 307.4 2025.06 H1 2025 Revenue Rents & Fees Other 2026.06 H1 2026 STREET TRANSPORT BI
Slide 21: Strong EBIT growth
STRONG EBIT GROWTH Change H1 2026 H1 2025 M€ % Operating Margin 359.0 307.4 +51.5 +16.8% Margin (% Revenue) 18.4% 16.5% +190bp Net amortisation and depreciation (*) (201.1) (196.3) -4.8 Maintenance spare parts (21.7) (22.5) +0.8 Recurring EBIT 136.2 88.7 +47.5 +53.5% Margin (% Revenue) 7.0% 4.7% +22
Slide 22: Strong net income growth
STRONG NET INCOME GROWTH Change In million Euros H1 2026 H1 2025 M€ % EBIT 192.5 126.3 +66.2 +52.4% Restatement IFRS 11, EBIT from companies under joint control (25.1) (23.8) -1.3 Restatement IFRS 16, Core business lease contracts of controlled entities 39.4 45.3 -5.9 EBIT, IFRS 206.8 147.8 +59.0 +3
Slide 23: Strong free cash flow growth
STRONG FREE CASH FLOW GROWTH Change In million Euros H1 2026 H1 2025 M€ Operating margin 359.0 307.4 +51.5 Maintenance spare parts (19.2) (19.1) -0.1 Non-core business leases, IFRS 16 (36.1) (33.6) -2.5 Income tax paid (46.5) (47.3) +0.8 Interests paid and received (43.1) (47.4) +4.2 Other items 4.0
Slide 24: Strong financial structure
STRONG FINANCIAL STRUCTURE Net debt Debt profile Debt maturity profile, in million Euros: | Limited increase vs end of 2025 due to dividend payment 150.1 3.3 Rest. (26.2) IFRS11 FCF (79.1) (6.7) Dividends APG|SGA Others 587.4 628.8 | Gross debt €1,912.5m | Average debt maturity: 2.6 years | 92% of d
Slide 25: Outlook & Strategy
OUTLOOK & STRATEGY Jean-François Decaux Co-CEO Digital, Chicago // 25
Slide 26: OOH: a growth media
OOH: A GROWTH MEDIA 2025 / 2030 ADVERTISING REVENUE CAGR FORECASTS WORLDWIDE +5.2% CAGR FOR OOH OVER THE NEXT 5 YEARS +8.6% +8.8% +7.2% +5.2% +2.9% +2.1% -1.0% -4.3% Digital Total Publishing Retail Media (excl. Retail) (1) DOOH Cinema Total TV Audio OOH (1) Including Gaming, Intelligence search & Ot
Slide 27: Significant room for digital growth
SIGNIFICANT ROOM FOR DIGITAL GROWTH Digital penetration (% of country revenue) Group top 10 countries H1 2025 H1 2026 83% 77% 77% 76% 73% 76% 59% 57%(1) 47% 46% 43% 40% 41% 41% 39% 32% 30% 27% 28% 28% 9% 9% Brazil UK USA Aus Germany Group average China Spain Italy Austria France Group (1) 67% of adv
Slide 28: A full adtech stack open to third parties
A FULL ADTECH STACK OPEN TO THIRD PARTIES AGENCIES, BRANDS + DEMAND SIDE SUPPLY SIDE OOH NATIVE DIGITAL & PLATFORM PLATFORM MEDIA INDEPENDENT DSP SSP OWNERS AGENCIES +49 other DSPs connected to VIOOH +8 other SSPs connected to Displayce +49 other media owners connected to VIOOH BUY SIDE DATA MANAGEM
Slide 29: AI will benefit OOH media in the real world
AI WILL BENEFIT OOH MEDIA IN THE REAL WORLD Unique assets AI benefits JCDecaux exclusive prime locations in the physical world Optimise from planning to AGENTIC 1,105,906 advertising panels worldwide TRADING booking & delivery through a simple prompt 3,895 cities with a population of over 10,000 154
Slide 30: Air travel strong growth potential
AIR TRAVEL STRONG GROWTH POTENTIAL AIR TRAFFIC FORECASTS JCDECAUX BEST POSITIONED 154 Airports in the world, 14 in top 25 23.2 59 Airports available in pDOOH Passengers, in billions 40 Countries 17.3 11.8 9.1 9.5 9.8 7.2 2015 2019 2024 2025 2030 2042 2054 On July 23, 2026, global air traffic reached
Slide 31: Main tenders
MAIN TENDERS Street Furniture Transport Europe Europe - France Paris CIPs, Paris columns & flagpoles Netherlands Amsterdam Schiphol Airport Unlimitail retail media in-store Spain AENA (suspended) UK Transport for Greater Manchester, Reading, Highcross Leicester Asia / Pacific Germany Hamburg, Düssel
Slide 32: JCDecaux: the sustainable media
JCDECAUX: THE SUSTAINABLE MEDIA A virtuous Innovation for Measuring business model ecological transition our impact 46.7% of revenue aligned with EU Taxonomy(1) (2) 2050 Net Zero Climate Trajectory Available internationally Approved by SBTi 2025(2) vs 2019 And more to come in 2026 -68% Scopes 1+2(3)
Slide 33: OOH: a fragmented market
OOH: A FRAGMENTED MARKET 2025 revenue in Outdoor Advertising ($m) 361 Non OOH Revenues North America revenues Equity Equity method 33% Equity method method 5.6% 16.44% 5.6% 4122 1227 2266 1832 1604 1531 1117 449 422 362 243 125 Sources: Company information, for listed companies FY2025 results releas
Slide 34: The only global OOH company
THE ONLY GLOBAL OOH COMPANY 2025 NET ADVERTISING REVENUE ($bn) 300 Top 5 Top 25 58% 75% 250 of ad market 200 No. 23 in the world 150 2 European companies in the top 25 (14 from the USA, 9 from China) 100 50 0 Source: This Year Next Year, WPP Media, June 2026 // 34
Slide 35: H1 2026 key takeaways
H1 2026 KEY TAKEAWAYS |A strong first half across all key financial metrics |Strong growth momentum, led by digital |Diversification across geographies and businesses supporting growth |Digital platforms & programmatic scaling fast |Disciplined execution // 35
Slide 36: Q3 2026 guidance
Q3 2026 GUIDANCE Around +5% Organic Revenue Growth // 36
Slide 37: Q&A session
Q&A SESSION Advertising wrap financing renovation works, Place de la Concorde, Paris // 37
Slide 38: Appendices
01 APPENDICES Digital, London // 38
Slide 39: Alternative performance measures (1/2)
ALTERNATIVE PERFORMANCE MEASURES (1/2) | The Group uses alternative performance measures (APM) which serve as key indicators of the Group’s operating and financial performance and reflect the business reality of the Group and the readability of our performance. These indicators are those used by the
Slide 40: Alternative performance measures (2/2)
ALTERNATIVE PERFORMANCE MEASURES (2/2) | Revenue: It includes on proportional basis the revenue of the companies under joint control. | Organic growth: The Group’s organic growth corresponds to the revenue growth excluding foreign exchange impact and perimeter effect. The reference fiscal year remai
Slide 41: Reconciliation between APM figures and IFRS figures - income statement
RECONCILIATION BETWEEN APM FIGURES AND IFRS FIGURES - INCOME STATEMENT (1) IFRS 16 impact on core business rents from controlled entities. (2) Of which amortisation (net) and provision (net) for respectively €(201.1) million and €14.7 million in H1 2026, and €(196.3) million and €28.8 million in H1
Slide 42: Reconciliation between APM figures and IFRS figures - cash flow statement
RECONCILIATION BETWEEN APM FIGURES AND IFRS FIGURES – CASH FLOW STATEMENT (1) IFRS 16 impact on core and non-core business rents from controlled entities. // 42
Slide 43: EBIT before impairment charge by activity
EBIT BEFORE IMPAIRMENT CHARGE BY ACTIVITY Operating margin (% of Revenue) EBIT (1) (% of Revenue) Vs +170bp +160bp +310bp +190bp -60bp +180bp +380bp +90bp +330bp 06.2025 24.5% 18.4% 13.9% 11.2% 10.2% 10.0% 6.9% 7.6% -0.5% STREET TRANSPORT BILLBOARD GROUP GROUP STREET BILLBOARD GROUP FURNITURE TRANSP
Slide 44: Forward looking statements
FORWARD LOOKING STATEMENTS This presentation may contain some forward-looking statements. These statements are not undertakings as to the future performance of the Company. Although the Company considers that such statements are based on reasonable expectations and assumptions on the date of publica
Slide 45: JCDecaux
— JCDecaux