Atos Se · EURONEXT:ATO
Atos — Q3 2025 Earnings Presentation
26 slides from Atos's earnings presentation, Oct 21, 2025
Slide 1: Q3 2025 Performance
Q3 2025 Performance Oct. 21st 2025 AtoS Group
Slide 2: Today's presenters
~ Today’s presenters 7 . . Philippe Salle Jacques-Frangois de Prest Group Chairman & CEO Group CFO eae AtoS Group
Slide 3: Disclaimer
Disclaimer This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group's expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward- looking statements. These
Slide 4: Today's agenda
- Today’s agenda i] | 932025 * saa ul Business highlights : ay: Q3 2025 Revenue performance A | Q32025 ill Liquidity position » Outlook PI Questions & Answers AtoS Group
Slide 5: Business highlights
Ol Q3 2025 Business highlights Philippe Salle Group Chairman & CEO AtoS Group
Slide 6: Transformation gaining pace in Q3, delivering solid progress
Transformation gaining pace in Q3, delivering solid progress Q3 2025 performance in line Growth engine reset with full-year profitability & cash trajectory yielding first results Genesis plan in motion Management team reinforced to restore strong financial fundamentals to focus on ongoing execution
Slide 7: Cash trajectory remains strong in the quarter
Cash trajectory remains strong in the quarter, supported by consistent commercial discipline and cost control ORDER ENTRY €1,310 m Book-to-bill ratio: 66% flat yoy NET CHANGE IN CASH before debt repayment M&A & FX c.€-38 m (including €-87 m restructuring) 7 | 21/10/2025 | Atos Q3 2025 Performance |
Slide 8: Commercial strategy reset underway and yielding first results
Commercial strategy reset underway and yielding first results Commercial pipeline . . . continues to gain momentum Cross-sell & renewals improving Good traction in mainly enhanced cloud and cyber business lines supported by new business we r by mid-sized deals in Q3 2025 with growing order entry wit
Slide 9: Portfolio review, delivery and G&A optimization
Rix . Delivery and G&A Portfolio review AONE optimization + Effective operation with Data & Al * 6additional countries commercially * Billability rate stabilized throughout business line live in August & operationally inactive (out of Q3 2025, despite continued growth in + Alskills transformation pr
Slide 10: Workforce evolution reflecting Genesis execution
Workforce evolution reflecting Genesis execution -3.8% | +1,692 69,597 er eT 66,968 -2,490 1831 Headcount as of Scope Hirings Leavers Restructuring, Headcount as of 30/06/25 dismissals & others 30/09/25 Voluntary attrition YTD rate = 15.1% & Q3 2025 = 14.4% vs 17.7% in Q3 2024 10 21/10/2025 | Atos Q
Slide 11: Revenue performance
O2 Q3 2025 Revenue performance Philippe Salle Group Chairman & CEO AtoS Group
Slide 12: Q3 2025 revenue evolution
Q3 2025 revenue evolution Evolution in €m: 2,305 -38 2,211 1% -56 -2.4% -233 1977 a rd | Q3 2024 Scope Foreign Proforma Organic Q3 2025 revenue published Exchange Q3 2024 revenue revenue actuals ‘tos Q3 2025 Performance | © Atos - for external use AtoS G ro U p
Slide 13: Organic revenue evolution and revenue mix
Organic revenue evolution Revenue mix Eviden 18% €1,977m Eviden SBU +77% Performance impacted by the exit from low-margin and non-strategic contracts, strengthened by © stricter commercial discipline and a softer market backdrop * Eviden SBU: Organic revenue growth reflecting expected seasonality, d
Slide 14: -14.6% organic growth yoy
-14.6% organic growth yoy: * Mainly driven by significant ramp down, notably in Revenue value added resale contracts with low profitability (€m) profile and accelerated insourcing at large clients * Partially offset by cross selling initiatives & new logos Q3 2024 PF Q3 2025 Business highlights in Q
Slide 15: -28.8% organic growth yoy
420 —~ 299 Revenue (€m) Q3 2024 PF Q3 2025 -28.8% organic growth yoy: * Mostly 2024 contract exits * Netscope reduction at existing clients * Not yet benefitting from improving commercial momentum, although signs of recovery are visible with growing order entry year-on-year Business highlights in Q3
Slide 16: -11.6% organic growth yoy
Revenue (€m) Q3 2024 PF Q3 2025 -11.6% organic growth yoy: The performance was notably impacted by the effectiveness of 2024 contract termination Unexpected scope reduction in the public sector in the latter part of the quarter, driven by political uncertainty Partially offset by cross selling activ
Slide 17: -30.5% organic growth yoy
349 ~~ -30.5% organic growth yoy: 243 * Largely driven by voluntary contract exits Revenue including BPO activities, especially the conclusion (€m) of the DWP PIP healthcare contract Q3 2024 PF Q3 2025 Business highlights in Q3 2025 Innovation Portfolio Influence Sovereign digital centers launch Ya
Slide 18: -20% organic growth yoy
au -20% organic growth yoy: _—~ 251 * Mainly driven by high comparables in 2024 notably Revenue linked to Paris Olympics 2024-related activities (€m) * Contract ramp downs, in APAC and Switzerland Q3 2024 PF Q3 2025 Business highlights in Q3 2025 Contract win — aggaw Partnership 87) Awards - #1 Cybe
Slide 19: -1% organic growth yoy
204 Pon -1% organic growth yoy: Q3 2024 PF Q3 2025 * Expected contract ramp downs Revenue * Mitigated by strong upsell and cross selling (€m) opportunities, notably with public sector Business highlights in Q3 2025 Contract win Innovation Public sector institution NL sovereign innovation center Tech
Slide 20: +77.1% organic growth yoy
356 +77.1% organic growth yoy: 4, * Mainly driven by the contribution of c.€200 million 201 from the Jupiter contract (€m) * Partially offset by other seasonality in Advanced Computing Revenue Q3 2024 PF Q3 2025 Business highlights in Q3 2025 Contract milestone Cession teas Partnership Saag Partners
Slide 21: Liquidity position
O3 Q3 2025 Liquidity position Jacques-Francois de Prest Group CFO > AtoS Group
Slide 22: Strong liquidity position at the end of Q3
Legend Strong liquidity position at the end of Q3 Varian n Payments rece aevonce cf incce payment [HENNE Uncrawn revolving crecit Evolution in €m: HEE Cosh Closing at date | = | -1,804 +11 -1,769 143 7 136 440 440 1193 Total Liquidity* positionas Variation in payments FX Impact Quarterly cash variat
Slide 23: Outlook
04 Outlook Philippe Salle a Group Chairman & CEO AtoS Group
Slide 24: Building the foundation for 2026 relaunch
——2025 Building the foundation for 2026 relaunch 2026 2028 Building From recovery Sustainable the foundation to relaunch cash generation Over €8 billion! Positive organic growth Organic revenue Revenue? between 8.5 & 9 billion’, a Positive net change in cash 5-7% Operating income before debt repayme
Slide 25: Q&A session
OS Q&A session AtoS Group
Slide 26: Thank you!
~ Thank you! For more information Please contact: investors@atos.net Atos is a registered trademark of Atos SE. © 2025 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 qu