Veolia Environnement Sa · EURONEXT:VIE
Veolia Environnement Sa — Veolia — Investor Day (April 2025)
48 slides from Veolia Environnement Sa's investor day presentation, Apr 8, 2025
Slide 1: THEMA Sustainable Desalination
Slide 2: @veoua
@veoua
Slide 3: Introduction
INTRODUCTION Estelle BRACHLIANOFF Chief Executive Officer, Veolia
Slide 4: Veolia, a Global Leader in Environmental Services
Veolia, a Global Leader in Environmental Services VEOLIA WORLDWIDE IN 2024 Cv) €44.7bn revenues On Fortune 500 world’s largest corporations list #1 Worldwide Water Operations #1 Worldwide Water Technologies Cv) 56 countries on 5 continents In top 3 per country / activity 33% revenue outside Europe @
Slide 5: Veolia: a Unique Positioning
Market Positioning as Solution Provider of largely untapped Boosted offers in water by combining our 3 businesses (Water/Waste/Energy) Worldwide Footprint & Local Anchoring Awide geographical footprint with size benefits and offer duplication combined with strong local presence and adaptation to loc
Slide 6: Leader in Water Services and Technologies Worldwide
Leader in Water Services and Technologies Worldwide A Strong Player in Desalination Market VEOLIA REVENUES BREAKDOWN BOOSTER #1 Worldwide 25% 40% in Water Technologies Energy Water €5bn €45bn €18bn TO 2024 turnover STRONGHOLD In 2024 35% #1 Worldwide Waste in Water Operations €13bn | @veoua
Slide 7: Water Technologies: 10% Growth Ambition on Revenues
nologies: 6 to 10% Growth Ambition on Revenues Ambition on 5 Priority Offers Z viii) iit in r w *t) D ' SUSTAINABLE MODELS DESALINATION 7 | Qveoua
Slide 8: Veolia Worldwide Footprint
Veolia Worldwide Footprint Europe without France 42% Of which** €A5) USA 7% eigen : AUSTRALIA 5% MIDDLE EAST 2% are boosting the growth France 20% fer Technologies and New Solutions 8 | (0) VEOLIA fater Tech revenues
Slide 9: Veolia in The Middle East: Enhanced Growth
Veolia in The Middle East: Enhanced Growth ACCELERATED GROWTH SINCE 2019 +12. 9% Entering the Foundation jwiddie East Market of Veolia 1853 1970 2019 | @veoua
Slide 10: Veolia in The Middle East: Amongst The Geographical Growth Boosters
Veolia in The Middle East: Amongst The Geographical Gro osters STRONGHOLD MAIN OPERATIONS IN THE MIDDLE EAST Co-leader Municipal Water “ 6.72 m people connected to sanitation £ e Water 4.57 m people supplied with potable water § e Waste 45%+ of water reuse * Hazardous Waste e Energy “BOOSTERS” Co-le
Slide 11: Desalination: Addressing Water Scarcity Challenges
DESALINATION: ADDRESSING. WATER SCARCITY CHALLENGES | Estelle BRACHLIANOFF Chief Executive Officer, Veolia
Slide 12: Water, a Growing Challenge
Water, a Growing Challenge INCREASING WATER STRESS CLIMATIC EVENTS WATER QUALITY AFFORDABILITY WATER DEMAND GEOGRAPHIES & HEALTH IMPACT Total water demand of the world’s estimated of the of GDP lost in will increase by more population face water annual cost of European rivers are regions affected by
Slide 13: Desalination: Essential in the Toolkit to Face Water Scarcity
Desalination: Essential in the Toolkit to Face Water Scarcity vy} Cit rain ecea Water leakage! loss ratio % Wastewater reused: % Desalination AaB seeciera Aeon in distribution networks: ~1% in France, 7-8% in the US, in Potable Water: ” , 40-50% in the US, 20% in France, 10% in Oman, 14% in Spain, <
Slide 14: 18% of the World's Installed Desalination Capacity Built with Veolia's Technologies
18% of the World’s Installed Desalination Capacity Built with Veolia’s Technologies ABE SO aoe Xu e + Cornwall - UK Pa (20,000 m*/d) - RO i Campos. de Dalias, - Spain © (97,200 fh’) =RO- ~ @ Hamma - Algeria (200,000 m? id) - RO @ Laayoune - Morocco (26,000 md)- RO @ Mossel Bay - RSA (15,000 m*/d) -
Slide 15: Strong Operation & Maintenance Capabilities
Strong Operation & Maintenance Capabilities 1.4 Mm of Daily Production Capacity Operated Kingdom of Saud! Arabia: Sadara-Marafiq industrial desalination plant 178,800 m °/day of industrial water produced by Reverse Osmosis e 10-year operation since 2016 to supply 3 different qualities of industrial
Slide 16: Desalination: An Increasingly Valuable Solution
Desalination: An Increasingly Valuable Solution More Affordable Cost compared to surface water 7 More Sustainable Environmental impacts: energy consumption, biodiversity More Reliable More Relevant
Slide 17: Innovations on Desalination Market
Veo Energy Consumption 20kWhim? Desalination Price $5.0/m* 1970 1% thermal desalination plant in Qatar (Multi-stage flash distillation process) 5kWhim? 2001 Reverse osmosis technologies surpass distillation technologies or Innovations on Desalination Market 2014 2019 2024 Water desalination program
Slide 18: Desalination Market is Fast Growing
Desalination Market is Fast Growing Market will grow x2 faster in 2024-27 than in 2020-23 $97bn" Global Market Potential by 2030 ~40 000 MLD”) desalination capacity planned for award by 2030 worldwide )) on seawater / brackish water desalination ‘desalination capacity to be awarded in 2025-30 18 | (
Slide 19: New Markets Expanding Outside of the Middle-East
New Markets Expanding Outside of the Middle-East New Geographies, Smaller Projects Planned Desalination Projects to be Awarded by 2030 ines Europe America 4,700 MLD 3,200 MLD age ere ~55 projects Middle East 15,200 MLD ~ 45 projects Asia Pacific 6,300 MLD ~ 75 projects Latin Africa America 3,000 MLD
Slide 20: Veolia has an Ambitious Development Strategy on Desalination
Veolia has an Ambitious Development Strategy on Desalination © Maintain our 2030 in desalination AMBITION capacity installed iv) our Operation & Maintenance capacity 20 | (0) VEOLIA
Slide 21: Veolia's Recent Successes Confirm our Ambition
Veolia’s Recent Successes Confirm our Ambition Larger, more efficient & greener plants Hassyan Desalination plant, Mirfa 2 Desalination plant, United Arab Emirates (2024) United Arab Emirates (2023) 545,000 m* /d e -80% energy use vs. 1980's thermal plants e Supplying potable water to 210,000 househ
Slide 22: Sustainable Desalination
SUSTAINABLE DESALINATION Anne LE GUENNEC Senior Executive VP, Water Technologies Zone, Veolia
Slide 23: Water Technologies: 10% Growth Ambition on Revenues
nologies: 6 to 10% Growth Ambition on Revenues Ambition on 5 Priority Offers Z viii) iit in r w *t) D ' SUSTAINABLE MODELS DESALINATION 2 | @Qveoua
Slide 24: Veolia's Differentiating Factors
Veolia’s Differentiating Factors One of the few players currently able to bid on and deliver large capacity plants Portfolio of inhouse & innovative technologies Multiple players Veolia, Acciona, COX, Metito, Doosan P. hii a . artnerships Wetico, Suez, IDE... Reliable Veolia, Acciona 2 Commitment Tr
Slide 25: Our Positioning is Focused on the Water Process
Our Positioning is Focused on the Water Process Veolia has Proven its Adaptability with a Variety of Contract Models Contract Payment Models 2 coms | Progress payment : Fee (when operated) : H a Fee including OPEX and CAPEX Power Plant or Renewable Energy Plant Cost + Fee + Pain/Gain on the overall
Slide 26: A Complete Value Proposition
A Complete Value Proposition Projects, Products, Construction Solutions Design Engineering Membranes aoe ithe =O=(0-0-0=—0=0=0=0= 2 | @veoua
Slide 27: Sustainable Desalination is our Major Focus
Sustainable Desalination is our Major Focus A Unique Expertise and Continuous Innovation to Optimize Every Step Environmental impact Towards Cheaper & Greener Desalination Solutions of brines reduction , @ Post-Treatment Emergency, c & tra = ) es) management , | Remineralization Lf 2 | @veoua Overal
Slide 28: Major Stakes
Major Stakes > Affordability of desalinated water > Our process expertise impacts water price beyond our scope ribution to Water Affordability ibutes to Cost Reduction at all Stages > Process design options to reduce TOTEX (CAPEX + OPEX) rather than CAPEX only | > Modularisation and digitalisation t
Slide 29: Optimized Energy Efficiency Through Technological Expertise
Optimized Energy Efficiency Through Technological Expertise +90% Energy Efficiency Over the Years* Enabling a Low-Carbon Energy Transition > Technology Evolution From Thermal processes to Reverse Osmosis Membranes > Design Optimization Energy recovery, membranes improvement, full process optimizatio
Slide 30: Protecting Biodiversity from Brine Discharge & Chemicals
Protecting Biodiversity from Brine Discharge & Chemicals Implementing the Most-Advanced Standards in Environmental Protection ptt > Environmental impact assessment — Lig Ona > Reduced Chemicals Usage Enhanced brine dispersion and Chemicals Removal from Sludge Beach Wells - Sur, Oman Innovative and p
Slide 31: Reducing Ground Footprint to Extend Market Reach
Reducing Ground Footprint to Extend Market Reach Towards Smaller Solutions, Better Operability and Stronger Performance > Reverse Osmosis Modularisation Barrel ™ modules with -25% footprint vs. a traditional RO system and a reduced electrical consumption Sur, Oman Barrel™ Reverse Osmosis 7 > Low-foo
Slide 32: Addressing Emergency & Temporary Needs with Mobile Solutions
Addressing Emergency & Tempor Maximizing Flexibility, Reliability and Efficienc _— _— eds with Mobile Solutions ¢ > A Wide Range of Mobile Water Treatment Solution | & a reliable and secure source of treated water ‘ a > Plant failure | i | 6.6.6 ale > Planned § oe o> ds commissioning, e-@e« Ezz Stee
Slide 33: Further Integrating and Industrializing our Solutions
Further Integrating and Industrializing our Solutions Innovate to Match Market Evolution and Explore new Opportunities Maintain our leadership on Address wider market opportunities large scale plants > Continuous cost reduction for more affordability > Addressing demand for smaller projects > Adapti
Slide 34: Our Innovative Solutions & Technologies
OUR INNOVATIVE SOLUTIONS | & TECHNOLOGIES Adrien DE SAINT GERMAIN Chief Executive Officer, desalination expertise, Water Ree hologies zone, Veolia
Slide 35: From Thermal to Membrane Desalination: Veolia Achieved a Unique Transition
From Thermal to Membrane Desalination: Veolia Achieved a Unique Transition 7 2013 - 2016 Leveraging Project Execution know-how Refocusing on the Middle-East Combining Process Expertise Developing Core Technologies for Reverse Osmosis 2017 - 2018 Shifting to Reverse Osmosis Implementing a Design to C
Slide 36: Leading the Race by Leveraging our Strengths
Leading the Race by Leveraging our Strengths Geographies ‘ Business Model 7 Plant Size Segment e Asignificant market: re A 40% of Desalination Market e Public-Private Partnerships (PPP) e Leveraging Veolia’s Expertise Project award based on Total (Process, Engineering, Energy Water Cost (Tariff) con
Slide 37: Growth Lever #1: Small Size Desalination Plants
Growth Lever #1: Small Size Des: The Barrel™ at the Heart a of new Sustainabl Cutting Edge In House Technologies Integrated Media & Cartridge Filters The Barrel™ Seawater Reverse Osmosis Membranes Limestone Filters Smart Connectors v Key Benefits Standard & Modular Design Faster Delivery & Installat
Slide 38: Growth Lever #2: Mid-Size Desalination Plants
Growth Lever #2: Mid-Size Desalination Plants (50 to 150 MLD) Combining Water Tech. Capabilities and Water Operations Expertise to Grow > Process Expertise > Engineering Center of Excellence > Regional Engineering & Procurement vv vVvvv Plug & Play Approach Reduced Construction Risks Pre-Treatment F
Slide 39: Round Table
ROUND TABLE COMBINATION IS KEY TO DELIVER DIFFERENTIATED SOLUTIONS IN THE DESALINATION MARKET Participants: Philippe BOURDEAUX Richard KIRKMAN Arnaud VALLETEAU Director, Africa - Near & Middle East CEO, Australia - New Zealand delegate zone, Veolia delegate zone, Veolia vee Bet lAC irement Project a
Slide 40: In Africa & Middle East: Combination is key in achieving Technical and Commercial Successes
In Africa & Middle East: Combination is key in achieving Technical and Commercial Successes Water + Energy Barka IV: The largest desalination plant in Oman e 20-year operation & maintenance contract since 2018 e 281,000 m*/day of desalination capacity e Arecord low electrical energy consumption than
Slide 41: In Australia, a Joint Water Tech. and Operations Commercial Approach
In Australia, a Joint Water Tech. pr Operations Commercial Approach to Address a Demand Shaping Australia’s future Successful market entry 20 years ago nation A reliable partner tuned in to the 2 major seawater reverse osmosis plants customer needs and ambitions built by Veolia in the 2000’s and ope
Slide 42: In Europe: Desalination Technologies Applied to Reuse and Micropollutants
ent Wastewater Reuse Jourdain Vendée Eau - France’s 1** direct potable Reuse plant e 3.0 M.m’ reuse capacity (60,000 people eq.) gradually deployed by 2027 out of 4.5 M.m* wastewater e An alternative potable water source over the dry period in Vendée to offset an estimated water deficit of 8 million
Slide 43: Wrap Up
WRAP UP Estelle BRACHLIANOFF Chief Executive Officer, Veolia
Slide 44: Key Takeaways
Key Takeaways © Maintain our 2030 in desalination AMBITION capacity installed iv) our Operation & Maintenance capacity « | @veoua
Slide 45: Questions & Answers
QUESTIONS | & ANSWERS
Slide 46: Glossary
GLOSSARY
Slide 47: Glossary
Glossary Al: Artificial Intelligence Barrel™: integrated multi reverse-osmosis or nanofiltration pressure vessel designed to be a plug-and-play system Beach wells: water intake system allowing a first filtration of the seawater through sand/seabed formations Brackish water: salt water mixed with fre
Slide 48: Media Relations
MEDIA RELATIONS Laurent Obadia Deputy CEO in charge of Communications, Stakeholders & Africa, Near & Middle East zone Phone: + 33 (0) 1 85 57 89 43 E-mail: laurent.obadia@veolia.com Evgeniya Mazalova Anna Beaubatie - Aurélien Sarrosquy Charline Bouchereau Phone: + 33 (0) 1 85 57 86 25 E-mail: presse