Atos Se · EURONEXT:ATO
Atos — FY2025 Earnings Presentation
50 slides from Atos's earnings presentation, Mar 6, 2026
Slide 1: Atos Group FY 2025 Results
Atos Group FY 2025 Results March 6, 2026
Slide 2: Today's Presenters
Today’s Presenters Philippe Salle Jacques-François de Prest Florin Rotar Group Chairman & CEO Group CFO Group CTO 2 | 06/03/2026 | FY 25 Results | © Atos - for external use
Slide 3: Disclaimer
Disclaimer 3 | 06/03/2026 | FY 25 Results | © Atos - for external use
Slide 4: Today's agenda
Today’s Today’sagenda agenda FY 2025 Business & Strategic Highlights Tech Update: Operating Atos Well Performance Placed by in the AI Era Segment FY 2025 Operational and Financial Results Outlook Questions & Answers
Slide 5: FY 2025 Business & Strategic Highlights
01 FY 2025 Business & Strategic Highlights Philippe Salle
Slide 6: 2025: A Year of Foundation-Building for Atos Group's Next Chapter
2025: A Year of Foundation-Building for Atos Group’s Next Chapter ii O} \] Financial performance Significant progress Positive business improvement in the execution of the momentum and with clear signs of recovery Genesis plan commercial traction 6 | 06/03/2026 | FY 25 Results | © Atos - for externa
Slide 7: FY 2025 Performance: Overall Met or Exceeded Targets
FY 2025 Performance: Overall Met or Exceeded Targets
Slide 8: Inflection Point Hit, Signaling the End of the Downcycle
Inflection Point Hit, Signaling the End of the Downcycle
Slide 9: Growing Momentum Backed by Initial Signs of Success
Growing Momentum Backed by Initial Signs of Success
Slide 10: Genesis: A Group-wide Transformation Plan to Improve Efficiencies
Genesis: A Group-wide Transformation Plan to Improve Efficiencies 1 2 3 4 5 6 7 Countries Portfolio Growth HR PM and GM Cost review Cash review review KAM Culture Reinforce Business Lines / Direct Conversion DSO and DPO organization & (cash, growth or Exit Offers: Where to Workforce: Ratio: Manageme
Slide 11: 88% of 3-Year Genesis Target Savings Completed Through Initiatives Implemented in 2025
88%1 of 3-Year Genesis Target Savings Completed Through Initiatives Implemented in 2025 Genesis Outcomes 1 2 3 4 5 6 7 Countries Portfolio Growth HR PM and GM Cost Review Cash Review Review Account Updated 2 Simplified Direct savings: G&A and Non- DSO at target planning for Top Bonus Exits portfolio
Slide 12: Launch of Atos Amplify: A Unified Business Unit for AI-powered Consulting
Launch of Atos Amplify: A Unified Business Unit Designed to Drive the Group’s AI-powered Consulting Key strengths turned into added value for our clients We have invested in our people to deliver AI-centric, AI Amplified Human Expertise industry-led solutions that drive tangible business outcomes. O
Slide 13: Workforce Evolution Reflecting Genesis Execution
Workforce Evolution Reflecting Genesis Execution Voluntary attrition rate FY 2025 = 15.3% Key people retention rate FY 2025 = 90% 13 | 06/03/2026 | FY 25 Results | © Atos - for external use
Slide 14: Strong Orderbook Momentum, Proving Out Success of Commercial Strategy Reset
Strong Orderbook Momentum, Proving Out Success of Commercial Strategy Reset… Proportion of 2026E Revenues in Good traction in Increase in Number of Strategic Contracted Backlog & renewal rate Multi-Year Deals signed cloud, cyber and Weighted Pipeline in FY25 in 2025 vs. 2024 data & AI business lines
Slide 15: Atos Group Recognised as a Sustainability & IT Sector Leader
Atos Group Recognised as a Sustainability & IT Sector Leader
Slide 16: Tech Update: Atos Well Placed in the AI Era
02 Tech Update: Atos Well Placed in the AI Era Florin Rotar
Slide 17: Atos is Uniquely Positioned to Benefit from AI Tailwinds
Atos is Uniquely Positioned to Benefit from AI Tailwinds Global AI Spending is Booming Atos Has Strong Moats (US$ tn) 25-27E Our clients run highly regulated, secure, sovereign, CAGR complex brownfield and operationally critical 3.3 0.1 55% systems. Flywheel convergence of Sovereign, AI and 0.1 82%
Slide 18: Atos Group Reimagined: Three Pillars of Growth
Atos Group Reimagined: Three Pillars of Growth Sovereign AI deployment within trusted and compliant environments Mission-Critical AI augmentation embedded in digital sovereign Agentic AI transformation to mitigate cost trade-offs Delivered in complex, regulated environments: governance, sovereignty,
Slide 19: Atos is a Leader in Mission-Critical Agentic AI in Complex, Regulated Environments
Atos is a Leader in Mission-Critical Agentic AI in Complex, Regulated Environments Announcing 4 Atos Sovereign With unique eco-system of leading Differentiators for our Agentic studios Agentic Studios AI-native partners Process Sovereign AI redesign frontier AI employees Value, Continuous Digital Co
Slide 20: Delivering value with lighthouse customers
Delivering value with lighthouse customers
Slide 21: Cybersecurity: Sovereign IT spend sweet spot
Atos uniquely addresses a €40-50B IT spend sweet spot (high Sovereign criticality) Atos is offering the full spectrum ….with a strong ecosystem of …delivering value to dozens of of Digital Sovereignty… partners…. customers Enhanced Native Cloud Cybersecurity Controlled Cloud Trusted Cloud Disconnect
Slide 22: Atos Delivers Adaptive Cyber Resilience with Security-by-Design
Atos Delivers Adaptive Cyber Resilience with Security-by-Design at the Core of Sovereign, Trustworthy & Agentic AI Atos is uniquely positioned to deliver ….with a strong ecosystem of … and already protects mission-critical adaptive cyber resilience at scale… partners…. environments worldwide Best-in
Slide 23: From Resilience to AI-driven Growth
From Resilience to AI-driven Growth Atos’ transversal growth engines will make us a net beneficiary of the AI revolution Agentic AI Digital Sovereignty Cybersecurity → →
Slide 24: AI-First Acceleration: Turning AI into Industrial Capability
AI-First Acceleration: Turning AI into Industrial Capability AI, Sovereignty & Cybersecurity are the focal points of Atos transformation A new CTO function, supported by top talent, focusing efforts on a full portfolio redesign with Sept-25 >75% 25% employees Agentic AI, Digital Sovereignty and Cybe
Slide 25: FY 2025 Operational and Financial Results
03 FY 2025 Operational and Financial Results Philippe Salle
Slide 26: FY 2025 Revenue Evolution
FY 2025 Revenue Evolution Atos Group revenue (FY, in € million, 2024-2025) 9577 9 284 -148 -144 16% “1.5% 8 001 FY'24 Scope Foreign Fy'24 Organic Fy'25 revenue published Exchange revenue proforma revenue actuals 26 | 06/03/2026 | FY 25 Results | © Atos - for external use A T aS
Slide 27: FY 2025 Actuals - Group Revenue by Geographies
FY 2025 Actuals - Group Revenue by Geographies
Slide 28: FY 2025 Operating Margin Growing Twofold Despite Revenue Decline
FY 2025 Operating Margin Growing Twofold Despite Revenue Decline
Slide 29: FY 2025 Group Operating Margin by Geography
FY 2025 Group Operating Margin by Geography Eviden BNN (Belux, Eviden BNN (Belux, Netherlands, Netherlands, Nordics) Nordics) International International Markets Markets UK & UK & Ireland Ireland France France North North America America Germany, Germany, Austria & Austria & Central Central Europe G
Slide 30: Atos BU – Germany, Austria & Central Europe Revenue Declines
Atos BU – Germany, Austria & Central Europe Revenue Declines With Ramp-Downs but Margin Turns Positive • • • • •
Slide 31: Atos North America Revenues Impacted by 2024 Contract Exits
Atos North America Revenues Impacted by 2024 Contracts Exits, Signs of Recovery are Visible • • • •
Slide 32: Atos France Facing Short-term Challenges on Top Line
Atos France Facing Short-term Challenges on Top Line, Initial Improvement on Margin • • • •
Slide 33: Atos UK & Ireland: Margin Benefiting from Contract Portfolio Review
Atos UK & Ireland: Margin Benefiting from Contract Portfolio Review • • • • •
Slide 34: Atos International Markets Down vs High 2024 Comparables
Atos International Markets Down vs High 2024 Comparables • • • • • •
Slide 35: Atos Belux, Netherlands & Nordics: Acceleration in H2
Atos Belux, Netherlands & Nordics: Acceleration in H2 • •
Slide 36: Eviden Performance Reflecting Large Contract Delivery
Eviden Performance Reflecting Large Contract Delivery • • • •
Slide 37: FY 2025 Operational and Financial Results
03 FY 2025 Operational and Financial Results Jacques-François de Prest Group CFO
Slide 38: Net Loss Reflecting Continued Heavy Restructuring Effort
Net Loss Reflecting Continued Heavy Restructuring Effort • • • • • • • • • • •
Slide 39: Free Cash Flow (excl. WCA) Improved from €-735 million to €-326 million
Free Cash Flow (excl. WCA) Improved from €-735 million to €-326 million 883 -170 33 -278 -445 -31 -160 -157 -326 OMDA Capex Lease payments Change Restructuring Tax paid Net cost of Onerous FCF (excl. change in WCR financial contracts in WCA) excl. Working debt paid and litigations Capital Actions
Slide 40: Net Debt Evolution Reflecting Restructuring Effort and Currency Fluctuation
Net Debt Evolution Reflecting Restructuring Effort and Currency Fluctuation
Slide 41: Outlook
04 Outlook Philippe Salle Group Chairman & CEO
Slide 42: Atos as it Stands Today: Global, Diversified, Resilient
Atos as it Stands Today*: Global, Diversified, Resilient Business Lines Cloud & Modern Digital Digital Smart Regional offers €7.2B Cyber Infrastructure Applications Work- Plat- 20% . Ser- 28% 21% Place forms vices FY25 Revenue 10% 8% 5% €314M Data & AI (~1%) Atos Amplify (~1%) FY25 Operating Geograp
Slide 43: Financial Ambition
Financial Ambition -—— 2026 2028—_ Stabilization Sustainable cash generation Positive organic growth Organic growth acceleration Downside scenario 5-7% limited to -5% 2026-2028 revenue CAGR ~7% Operating Margin Further cost optimization & profitable growth ous . 1 Positive net change in cash’ 6.10%
Slide 44: Key Takeaways
Key Takeaways Restored foundations From resilience to A promising outlook AI-driven growth FY 2025 performance: Atos well placed Stabilization Met or exceeded in the AI-First Era in 2026 Commercial strategy reset A Self-Reinforcing Flywheel Acceleration in 2027-28 starting Across our Three Tech- Sus
Slide 45: Q&A Session
Q&A Session ATOS
Slide 46: Q&A Session
Q&A Session Philippe Salle Jacques-François de Prest Florin Rotar Group Chairman & CEO Group CFO Group CTO 46 | 06/03/2026 | FY 25 Results | © Atos - for external use
Slide 47: Thank You!
Thank You! For more information Please contact: investors@atos.net Atos is a registered trademark of Atos SE. © 2026 Atos. Confidential information owned by Atos, to be used by the recipient only. This document, or any part of it, may not be reproduced, copied, circulated and/or distributed nor quot
Slide 48: Appendix
Appendix
Slide 49: Q4 2025 Revenue Evolution
Q4 2025 Revenue Evolution 49 | 06/03/2026 | FY 25 Results | © Atos - for external use
Slide 50: H2 2025 Operating Margin Improving by 219% Despite Revenue Decline
H2 2025 Operating Margin Improving by 219% Despite Revenue Decline