Slide 1: Quarterly information as of September 30th, 2025
Quarterly information as of September 30th, 2025 October 31st, 2025 SPIE, sharing a vision for the future
Slide 2: Disclaimer
Disclaimer Certain information included in this presentation are not historical facts but are forward-looking statements. These forward-looking statements are based on current beliefs, expectations and assumptions, including, without limitation, assumptions regarding present and future business stra
Slide 3: Germany: further technical facility management contract for German Historical Museum in Berlin
Germany: further technical facility management contract for German Historical Museum in Berlin • SPIE commissioned by the Institute for Federal Real Estate (BImA) to provide technical facility management services for the German Historical Museum (Berlin) for another five years • Ensuring consistent
Slide 4: France: new national contract for covering cryogenic services in all nuclear power plants
France: new national contract for covering cryogenic services in all nuclear power plants • National contract awarded to SPIE Nucléaire to provide temporary cryogenic sealing services across France's nuclear power plants • This technology uses freezing to temporarily isolate circuits that could othe
Slide 5: Netherlands: acquisition of Voets & Donkers, a specialist in cooling and air treatment systems
Netherlands: acquisition of Voets & Donkers, a specialist in cooling and air treatment systems • Strengthening SPIE’s expertise in industrial cooling installations, air treatment systems, heat pumps, industrial automation, and engineering of process equipment • 69 employees ; €30 million turnover in
Slide 6: Austria: successful roll-out of an intelligent Traffic Management and Information System
Austria: successful roll-out of an intelligent Traffic Management and Information System • Contract with Austrian highway operator ASFINAG, to supervise the 2,200+ km motorway network using one centralised system • Development of the system’s graphical user interface, allowing efficient management o
Slide 7: Global Services Energy: new contract on Taiwan Power Company Offshore Wind Farm Phase II
Global Services Energy: new contract on Taiwan Power Company (TPC) Offshore Wind Farm Phase II • Contract awarded on the termination and testing of the Inter-Array Cables (IACs) for TPC Phase II, at c. 20 km offshore from Changhua County, Taiwan • Beginning of works in August 2025 ; completion sched
Slide 8: Q3|9m 2025 Trading update
Q3|9m 2025 Trading update
Slide 9: Solid performance over the first 9 months
Solid performance over the first 9 months Strong fundamentals and sustained market demand M&A contribution +3.6% €255 million revenue Revenue growth contribution from bolt-on acquisitions +5.4% Full-year 2025 guidance Organic growth confirmed +2.2% 9
Slide 10: Financial highlights Q3 and 9m 2025
Financial highlights Q3 and 9m 2025 +4.7% +5.4% M&A activity revenue increase revenue increase vs. Q3 2024 vs. 9m 2024 Annual Revenue revenue acquired 1 7,519m € c. € 133m +1.8% +2.2% 5 Acquisitions organic growth organic growth announced YTD vs. Q3 2024 vs. 9m 2024 Notes: 1. FY 2024 annual revenue
Slide 11: 9m 2025 Solid organic growth driven by Germany and NWE
9m 2025 Solid organic growth driven by Germany and NWE 9m 2025 Group revenue growth excluding FX Total growth at constant FX Germany 5.0% 6.8% +11.8% France -1.7% 1.1% -0.6% North-Western Europe 6.5% 0.5% +7.0% Central Europe 0.2% 9.4% +9.6% Global Services Energy -4.6% -4.6% Group 2.2% 3.4% +5.5% O
Slide 12: Germany
Germany Highly positive underlying trends across the board 35% of 9m 2025 revenue HIGHLIGHTS Revenue (€m) 9m 2025 revenue +11.8%, of which +5.0% organic growth 2,600.0 • After exceptional growth in H1, High Voltage activities progressed at a 2,325.9 more measured pace in Q3, in line with project sch
Slide 13: France
France Strong resilience in a subdued local macroeconomic environment 32% of 9m 2025 revenue HIGHLIGHTS Revenue (€m) Slight contraction of 9m 2025 revenue 2,441.3 2,426.5 • Limited decline remained confined to City Networks (gradual wind-down of mature fibre optic roll-out programs) and Building Sol
Slide 14: North-Western Europe
North-Western Europe Strong performance in the Netherlands and Belgium 20% of 9m 2025 revenue HIGHLIGHTS Revenue (€m) The Netherlands delivered a strong performance over 9m 2025 1,537.5 • Strong performance, despite a demanding comparison base in High Voltage 1,436.8 services and phasing effects in
Slide 15: Central Europe
Central Europe Sharp acceleration in Q3, confirming anticipated positive inflection 8% of 9m 2025 revenue HIGHLIGHTS Revenue (€m) Revenue surged by +30.4% in Q3 2025, marking a clear turning point 606.6 with organic growth accelerating to near double-digit levels 549.1 • Poland and Slovakia confirme
Slide 16: Global Services Energy
Global Services Energy High comparison base and selective contract acquisition 5% of 9m 2025 revenue HIGHLIGHTS Revenue (€m) 9m 2025 revenue decline reflecting a particularly high comparison 377.6 base, as H1 2024 benefited from an exceptional shutdown 348.2 maintenance operation in West Africa • Oi
Slide 17: SHARE FOR YOU 2025
SHARE FOR YOU 2025 A great success of SPIE’s employee shareholding plan Employee shareholding estimated at c.8% of SPIE’s capital (post SFY 2025) Estimated shareholder structure post SFY 2025 SPIE Public •8% Employees •2% Management 10.0% c. 25,000 > 6,000 90.0% Employees participating from 17 count
Slide 18: Q3|9m 2025 Highlights
Q3|9m 2025 Highlights
Slide 19: Revenue bridge
Revenue bridge €m +5.4% +3.6% -0.2% -0.1% 7,519 +2.2% 7,131 +5.5% Total growth at constant FX 9m 2024 Organic growth Acquisitions Disposals FX 9m 2025 19
Slide 20: Sustained bolt-on M&A activity
Sustained bolt-on M&A activity Reinforcing leadership in attractive markets 5 Acquisitions announced YTD c. € 133m Cumulative full-year revenue acquired €70m 1 City Networks and Grids Closed on July 15th, 2025 €19m 1 Building Technology and Automation Closed on June 30th, 2025 7m € 1 ICT Services &
Slide 21: Outlook
2025 Outlook
Slide 22: 2025 outlook confirmed
2025 outlook confirmed Strong total growth, pushing Continued expansion Proposed dividend Group revenue well above the of EBITA margin to at least 7.6% at c.40% of Adjusted net income1 €10bn mark attributable to the Group ✓ Further organic growth ✓ Active bolt-on M&A Note: 1. Adjusted for i) operati
Slide 23: Appendix
Appendix
Slide 24: Quarterly organic growth by segment
Quarterly organic growth by segment In millions of euros Q1 2025 Q2 2025 H1 2025 Q3 2025 9m2025 Germany +7.2% +6.0% +6.6% +2.1% +5.0% France -2.1% -1.9% -2.0% -1.0% -1.7% North-Western Europe +7.5% +8.6% +8.1% +3.2% +6.5% Central Europe -4.1% -4.2% -4.1% +9.9% +0.2% Global Services Energy -10.0% -2.
Slide 25: Q3 2025 revenue growth by segment
Q3 2025 revenue growth by segment o/w organic o/w external o/w o/w foreign In millions of euros Q3 2025 Q3 2024 Change growth growth disposals exchange Germany 922.0 866.7 +6.4% +2.1% +4.2% - - France 791.1 791.8 -0.1% -1.0% +0.9% - - North-Western Europe 498.4 482.8 +3.2% +3.2% +1.0% -1.0% - Centra
Slide 26: 9m 2025 revenue growth by segment
9m 2025 revenue growth by segment o/w organic o/w external o/w o/w foreign In millions of euros 9m 2025 9m 2024 Change growth growth disposals exchange Germany 2,600.0 2,325.9 +11.8% +5.0% +6.8% - - France 2,426.5 2,441.3 -0.6% -1.7% +1.1% - - North-Western Europe 1,537.5 1,436.8 +7.0% +6.5% +1.8% -
Slide 27: Income statement bridges
Income statement bridges Revenue to Revenue under IFRS €m 9m 2025 9m 2024 Revenue as per management accounts 7,518.7 7,130.7 Holdings activities 17.7 20.5 Contribution of companies not yet consolidated1 - (8.9) Others 0.6 1.5 Revenue under IFRS 7,537.0 7,143.8 Note: 1. This amount corresponds to the
Slide 28: Financial schedule
IR contact details IR SPIE 2025 Investor Day SPIE 2022 Investor Day @SPIE IR application Investor Relations Replay available here Focus on MT perspectives Available for iPad, iPhone investors@spie.com Replay available here and Android devices Financial schedule 2025 Full-Year Results March 6th, 2026