Veolia Environnement Sa · EURONEXT:VIE
Veolia Environnement Sa — Investor Day (March 2023)
84 slides from Veolia Environnement Sa's investor day presentation, Mar 2, 2023
Slide 1: Thursday 2nd March 2023
Thursday 2nd March 2023 1
Slide 2: Disclaimer
DISCLAIMER Veolia Environnement is a corporation listed on the Euronext Paris. This document contains “forward-looking statements” within the meaning of the provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performan
Slide 3: Table of Contents
TABLE OF CONTENTS A WORLDWIDE CHAMPION 01 TO TACKLE ENVIRONMENTAL CHALLENGES THE ECOLOGY OF SOLUTIONS 02 IN ACTION 03 VEOLIA, THE REFERENCE ESG COMPANY THE CHAMPION 04 OF ECOLOGICAL TRANSFORMATION 05 APPENDICES 3
Slide 4: A Worldwide Champion to Tackle Environmental Challenges
A WORLDWIDE CHAMPION TO TACKLE ENVIRONMENTAL CHALLENGES 4
Slide 5: The Ecological Transformation, That's Our Purpose
A WORLDWIDE CHAMPION TO TACKLE ENVIRONMENTAL CHALLENGES THE ECOLOGICAL TRANSFORMATION, THAT’S OUR PURPOSE 5
Slide 6: Solidity, Resilience + Agility, Adaptability: Key to Veolia Success
SOLIDITY, RESILIENCE + AGILITY, ADAPTABILITY: KEY TO VEOLIA SUCCESS Numerous unforeseen events but goals achieved ahead of plan First day of the COVID crisis, merger with Suez global lockdown January 2022 March 2020 // Impact 2023 presented Takeover bid War in to investors for Suez Ukraine February
Slide 7: Impact 2023: Goals Achieved One Year in Advance
IMPACT 2023: GOALS ACHIEVED ONE YEAR IN ADVANCE Despite COVID Outbreak in 2020 and Energy crisis in 2022 Clear Strategic Achievements largely Financial discipline priorities above targets and efficiency Very strong growth of Water Efficiency Accelerate the most differentiating and impactful operatio
Slide 8: The Ecological Transformation Supported by a Worldwide Champion
A WORLDWIDE CHAMPION TO TACKLE ENVIRONMENTAL CHALLENGES THE ECOLOGICAL TRANSFORMATION SUPPORTED BY A WORLDWIDE CHAMPION 8
Slide 9: People Focus
A WORLDWIDE CHAMPION TO TACKLE ENVIRONMENTAL CHALLENGES PEOPLE FOCUS 9
Slide 10: Organization in Place Since Day One
ORGANIZATION IN PLACE SINCE DAY ONE COMEX 14 people inc. 4 new Veolia MANAGEMENT COMMITTEE 39 people inc. 10 new Veolia HEADS OF 9 ZONES & 6 DELEGATED ZONES 15 people inc. 3 new Veolia EXECUTIVE RESOURCERS (TOP 500) 525 people inc. 77 new Veolia RESOURCERS (all employees) 220,000 people inc. 40,000
Slide 11: Record Execution of the Merger with Suez
RECORD EXECUTION OF THE MERGER WITH SUEZ Execution of the antitrust divestitures €146m of synergies delivered in 1 Year, 12 months after the closing of the Offer above annual target with significant value creation 1st operational synergies delivery, and €3.4bn of cash on top of G&A savings Successfu
Slide 12: More Than Ever a Leader
A WORLDWIDE CHAMPION TO TACKLE ENVIRONMENTAL CHALLENGES MORE THAN EVER A LEADER 12
Slide 13: A More International Group
A MORE INTERNATIONAL GROUP Rest of the world 37% France of which: 23% Water technologies 11% USA 8% Asia 6% Pacific 5% Latin America 4% Europe excluding France 40% Excluding Suez UK full year 13
Slide 14: A Worldwide Champion as Well as in Top 3 in All Key Countries
A WORLDWIDE CHAMPION AS WELL AS IN TOP 3 IN ALL KEY COUNTRIES / ACTIVITIES Merger with Suez strengthened our positions and enhanced our growth potential in value added solutions ▪ Water services: #1 Worldwide: #1 in Europe and #3 in the US ▪ Water Technologies: #1 Worldwide ▪ Solid waste: #1 in Euro
Slide 15: A Balanced Portfolio of Complementary Activities
A BALANCED PORTFOLIO OF COMPLEMENTARY ACTIVITIES 2022 Revenues* in €bn Revenue split by business and activity Energy €10bn Waste €14.6bn Water €17.2bn * Excluding Suez UK full year Including Braunschweig in Germany (BVAG) in Energy 15
Slide 16: Huge Market Growing at a Fast Pace
HUGE MARKET GROWING AT A FAST PACE 16
Slide 17: A Powerful Growth Platform
A POWERFUL GROWTH PLATFORM 800 GWh/yr of heat to 68,000 housings: NEW BIOMASS PLANT coal replaced by a mix of biomass and gas in Braunschweig (BVAG) 25% of green electricity CO₂ footprint reduced by 50% NEW RECYCLING Paper and packaging recycling ASSETS notably in Bavaria in Germany 30 Year O&M cont
Slide 18: Innovation Focus
A WORLDWIDE CHAMPION TO TACKLE ENVIRONMENTAL CHALLENGES INNOVATION FOCUS 18
Slide 19: Innovation Has Driven a Strong Growth During Impact 2023
INNOVATION HAS DRIVEN A STRONG GROWTH DURING IMPACT 2023 DECARBONIZATION ECONOMY & REGENERATION DEPOLLUTION OF RESOURCES 6 Twh of biogas produced Plastic recycling Microelectronics market in 2022 from waste and waste 490,000 tons of plastic recycled > €100m revenues water activities in 2022 Fast-pac
Slide 20: Accelerate Research & Innovation with Enlarged Capabilities
ACCELERATE RESEARCH & INNOVATION WITH ENLARGED CAPABILITIES 7 14 600 Innovation hubs Research FTEs fully & technology centers dedicated to R&I 4,800+ €165m M€ Patents x2 Invested in R&I compared to 2021 in 2022 20
Slide 21: An Ecosystem of 7 Hubs to Scale Up Innovation
AN ECOSYSTEM OF 7 HUBS TO SCALE UP INNOVATION KEY CHALLENGES Innovation Priorities DECARBONIZATION Northern Europe HUB New loops Climate of materials (Plastics) Energy HUB North America Health & New Central and Pollutants France Eastern Europe & Special Waste HUB Europe - ECONOMY & REGENERATION Ener
Slide 22: Reinforced Water Technology Platform Addressing Strategic Market Needs
REINFORCED WATER TECHNOLOGY PLATFORM ADDRESSING STRATEGIC MARKET NEEDS Micropollutants Wastewater Zero liquid Ultrapure removal in Desalination and reuse discharge water drinking water ● Municipal market ● Municipal market ● Lithium recovery ● MicroElectronics ● Municipal ● Food & Beverage ● All Ind
Slide 23: Innovation in Motion to Keep Building the Ecological Transformation
INNOVATION IN MOTION TO KEEP BUILDING THE ECOLOGICAL TRANSFORMATION ECONOMY & REGENERATION DECARBONIZATION DEPOLLUTION OF RESOURCES Electric vehicle E-Fuel production battery recycling Water reuse E-fuel market for maritime and 3 to 7 million batteries In Europe in 2023 only 1bn m3 aviation industry
Slide 24: Energy Focus
A WORLDWIDE CHAMPION TO TACKLE ENVIRONMENTAL CHALLENGES ENERGY FOCUS 24
Slide 25: Veolia Is Global Energy Leader
VEOLIA IS GLOBAL ENERGY LEADER Over €10bn Revenue & Accelerated growth #2 DISTRICT HEATING Energy services Local loops in Europe for buildings of energy €2,787m €6,538m ENERGY #2 ENERGY EFFICIENCY €10bn* revenue PLAYER Energy 2022 in Europe services for industries €737m *including BVAG 25
Slide 26: A Unique Positioning in Energy
A UNIQUE POSITIONING IN ENERGY Providing local decarbonized / decarbonizing energy Increasingly efficient and less Decarbonizing energy leveraging Electrification and flexibility to secure carbon intensive energy access to locally sourced feedstock energy supply and avoid blackouts Energy efficiency
Slide 27: Focus - How Our Push for Energy Growth Plays Out
FOCUS - HOW OUR PUSH FOR ENERGY GROWTH PLAYS OUT For Veolia in France: targeting energy self-sufficiency within 5 years Energy use/Production in 2021 5 years Target: (France) 100% local energy loops using local resources and available land Primarily Water operations 2 TWh Primarily Waste to Energy 1
Slide 28: Focus - How Our Push for Energy Growth Plays Out: Customers
FOCUS - HOW OUR PUSH FOR ENERGY GROWTH PLAYS OUT For our customers OFFERING CUSTOMIZED DECARBONIZING ENERGY SOLUTIONS to our different clients Industrial clients Commercial clients Municipal clients ▪ Joint venture with Neste ▪ Microgrid, Campus of NYC ▪ “Heat Highway” & Borealis in Finland Universi
Slide 29: Launched on a Growth Trajectory
A WORLDWIDE CHAMPION TO TACKLE ENVIRONMENTAL CHALLENGES LAUNCHED ON A GROWTH TRAJECTORY 29
Slide 30: A Successful Track Record of Results Growth
(1) Including Suez A SUCCESSFUL TRACK RECORD (2) at constant scope and forex (3) at constant forex OF RESULTS GROWTH(1) (4) Including IFRS 5 restatements in 2017, IFRS 16 from 2018, and IFRS2 in current EBIT since 2019 (5) CAGR at constant forex Revenue(4) (€m) CAGR(5) EBITDA(4) (€m) CAGR(5) +14.1 %
Slide 31: An Efficient Group
AN EFFICIENT GROUP 371 €1.7bn 250 300 248 278 280 of efficient gains delivered in 6 years - Excluding the specific COVID adaptation plan - Excluding synergies Savings (€m) 31
Slide 32: A Piloted Capital Allocation
A PILOTED CAPITAL ALLOCATION CLEAR STRATEGIC PRIORITIES Very strict ● Continuous Asset investment criteria arbitrage Divest more mature activities to Accelerate the most for organic growth and tuck-ins reinvest in more value creating differentiating and impactful /fast growing activities activities:
Slide 33: A Resilient & Agile Group
A RESILIENT & AGILE GROUP COVID ENERGY ECONOMIC INFLATION CRISIS CRISIS DOWNTURN RECOVER RESOURCE 70% INDEXED AND ECONOMIC AND ADAPT PLAN PLAN SUCCESSFUL PRICING DOWNTURN April 2020: launch of Recover Feb 24th 2022: 2021: unprecedented ● Limited macro exposure, and Adapt plan (in addition to War in
Slide 34: Fast Growth Delivery in Key Markets
FAST GROWTH DELIVERY IN KEY MARKETS Dynamic demand for Plastic recycling reached 490KT from 350KT in 2019 our solutions Hazardous waste: 2022 revenue €4.1bn DECARBONIZATION from €2.5bn in 2019 ECONOMY & REGENERATION OF RESOURCES DEPOLLUTION Fast growing Middle East to reach soon €1bn revenue 34
Slide 35: The Ecology of Solutions
A WORLDWIDE CHAMPION TO TACKLE ENVIRONMENTAL CHALLENGES THE ECOLOGY OF SOLUTIONS 35
Slide 36: The Ecology of Solutions
THE ECOLOGY OF SOLUTIONS Many VEOLIA solutions at various stages of development, to build a desirable future To roll-out in all our geographies To prepare the future MORE MATURE LESS MATURE Deployment of industrialized Under assessment solutions: Copy & Adapt phase or industrialization Energy distri
Slide 37: With a Particular Ambition on Carbon Reduction
A WORLDWIDE CHAMPION TO TACKLE ENVIRONMENTAL CHALLENGES WITH A PARTICULAR AMBITION ON CARBON REDUCTION 37
Slide 38: 14 Million tCO2e Avoided in 2022 by Veolia for Our Clients
14 MILLION tCO₂e AVOIDED IN 2022 BY VEOLIA FOR OUR CLIENTS Thousands of references around the world: In Uzbekistan, Veolia is renovating the Tashkent heating network to heat the population while saving 1 million tCO₂ A unique model: Heat network, Tashkent Veolia services help decarbonizing cities an
Slide 39: On Track for Decarbonizing Our Activities with Responsible Investments
ON TRACK FOR DECARBONIZING OUR ACTIVITIES WITH RESPONSIBLE INVESTMENTS NetZero 10-year reduction trajectory already committed 2050 and under delivery: Acceleration of commitment ● Coal exit in Europe by 2030 our NetZero ○ MASSIVE €1.5bn investment program: already €382m spent, (annual capex €100-200
Slide 40: Ecology of Solutions in Action
ECOLOGY OF SOLUTIONS IN ACTION 40
Slide 41: Our 7 Segments in a Nutshell
ECOLOGY OF SOLUTIONS IN ACTION OUR 7 SEGMENTS IN A NUTSHELL 41
Slide 42: Veolia Business Models in a Nutshell
VEOLIA BUSINESS MODELS IN A NUTSHELL A balanced portfolio of businesses to deliver sustainable profitable growth Water Operations Solid Waste Local loops of energy Water Technologies & Works Hazardous waste Building energy services Water on site services Waste on site Energy on site services for ind
Slide 43: Municipal Water
MUNICIPAL WATER World leader Municipal non regulated: €9.1bn Municipal regulated: €1.2bn EBITDA €1,626m EBITDA €622m #1 WORLDWIDE #3 IN THE US #1 IN CHILE Key geographies AND IN EUROPE €0.6bn €0.6bn for Municipal Water ahead of Suez behind American Water and Aqualia & Essential Utilities France 29%
Slide 44: Water Technologies
WATER TECHNOLOGIES World leader Revenue €4.5bn - EBITDA €487m #1 €81bn growing market with premium positions IN ADVANCED TREATMENT in value added segments and wide reach Key geographies for Water TECHNOLOGIES FOR ➔ Municipalities: desalination, new pollutants Technologies (VWT+WTS) DIFFICULT POLLUTI
Slide 45: Solid Waste
SOLID WASTE European leader Revenue €9.7bn(1) - EBITDA €1,370m #1 Balanced portfolio IN EUROPE ➔ ~50% municipal customers: indexed, stable volumes, Key geographies before Remondis, essential services for Solid Waste Suez, Prezero ➔ ~50% C&I private customers: pricing and offers can evolve France 30%
Slide 46: Hazardous and Liquid Waste
HAZARDOUS AND LIQUID WASTE World and European leader Revenue €4.1bn - EBITDA €584m WORLDWIDE High barrier to entry and fast growth driven by Key geographies for LEADER depollution need & regulation Hazardous PRESENT ON ➔ Volume growth with industrial production & more stringent and liquid Waste 5 CO
Slide 47: Local Loops of Energy
LOCAL LOOPS OF ENERGY #2 in District Heating networks Revenue €6.5bn(1) - EBITDA €857m #2 Essential infrastructure, key to energy transition IN DISTRICT ➔ Strongly resilient & tariff indexed with fuel costs Key geographies for Local ➔ Unique essential infrastructure & full asset ownership Loops of e
Slide 48: Building Energy Services
BUILDING ENERGY SERVICES #2 European player Revenue €2.8bn - EBITDA €218m #2 Fast growth driven by energy price & quality of service Key geographies IN EUROPE ➔ Pass through energy costs, incentive on energy savings for Building Energy #1 Engie #3 Dalkia ➔ Very limited installation works services (m
Slide 49: On Site Industrial Services
ON SITE INDUSTRIAL SERVICES Multi-business segment Revenue €2.9bn - EBITDA €261m On site industrial services in Water, Waste and Energy REMINDER: ➔ Energy efficiency Key geographies for Revenue and EBITDA ➔ Supply of utilities: water, steam, cooling, energy, On Site Industrial Services split across
Slide 50: The Levers of Acceleration
ECOLOGY OF SOLUTIONS IN ACTION THE LEVERS OF ACCELERATION 50
Slide 51: Public Policies and Green Recovery Plans
PUBLIC POLICIES AND GREEN RECOVERY PLANS EU / Green Deal USA / Biden Plan China ● €750 bn in stimulus funds ● Fit for 55 plan (55% reduction in ● $1.2 tn over 8 years ● Carbon Neutrality 2060 GHGs by 2030) ● Reduction (emissions, clean electricity) ● Peak emissions before 2030 Environmental ● Renewa
Slide 52: Ecological Transformation Barometer
ECOLOGICAL TRANSFORMATION BAROMETER To bolster our positioning as the champion of the ecological transformation Methodology Results Scope: a survey conducted in 25 countries Humanity is facing a wall when it comes to the climate and ecology: across 5 continents 75% of the global population believe c
Slide 53: Veolia, the Reference ESG Company
VEOLIA, THE REFERENCE ESG COMPANY 53
Slide 54: Driven by Our Multifaceted Performance
VEOLIA, THE REFERENCE ESG COMPANY DRIVEN BY OUR MULTIFACETED PERFORMANCE 54
Slide 55: ESG - Veolia's Way: Our Multifaceted Performance Approach
ESG - VEOLIA’S WAY: OUR MULTIFACETED PERFORMANCE APPROACH FULLY DEPLOYED ACROSS THE GROUP Applying our purpose in our daily operations 05 stakeholders KPIs 19 audited at group level 55
Slide 56: Multifaceted Performance 2022 Results Show Very Positive Progress
MULTIFACETED PERFORMANCE 2022 RESULTS SHOW VERY POSITIVE PROGRESS ON ALL DIMENSIONS Commercial Environmental Human resources Social Customer and consumer Combating climate change Safety at work Ethics & Compliance satisfaction Phase out coal in Europe: Lost Time Frequency Rate positive answers to th
Slide 57: ESG - Veolia's Way: Measuring Success on Multifaceted Performance
ESG - VEOLIA’S WAY: MEASURING SUCCESS ON MULTIFACETED PERFORMANCE Strong Widely Embedded into Embedded into strategic KPI audited in a similar Empowerment managers incentives and investment decisions way as financials Each of the 18 objectives has Exco members and top Investment committee: measure I
Slide 58: Improved ESG Ratings in Recent Years
IMPROVED ESG RATINGS IN RECENT YEARS 2020 2022 A- CDP Climate Change CDP Water Security A CDP Climate Change CDP Water Security TOP 5% TOP 3% HIGH risk MEDIUM close to low risk 1st in Water utilities 1st in Water utilities 58
Slide 59: Veolia ESG: What We Do
VEOLIA ESG: WHAT WE DO E S G 14m tCO₂e 89% Multifaceted performance avoided engagement rate with external engagements on 19 KPIS thanks to Veolia’s Ipsos engagement (14 extra-fi) solutions survey 2022 (+2 pt vs 2021) 320m m3 100% 16,000 of water saved protected employees employees n 2022 compared to
Slide 60: ESG Focus
VEOLIA, THE REFERENCE ESG COMPANY ESG FOCUS 60
Slide 61: Protection of Biodiversity
PROTECTION OF BIODIVERSITY: Contributing to meet the ambitious targets adopted during COP15 1 2 3 The Group’s solutions contribute to mitigate 3 out of the 5 main pressures on biodiversity identified by IPBES ● Veolia in line with 13 out of the 23 targets of the 2030 Land use change Pollution Climat
Slide 62: Veolia's Social Performance
VEOLIA’S SOCIAL PERFORMANCE A few examples VOICE OF VEOLIA CARE LOCAL FOOTPRINT RESOURCERS PROGRAM with “Utopies*” Engagement survey A social benefits base with IPSOS, answers from for everyone, everywhere Launched in 2022, 1,033,623 100% of employees in 2023 indirect and induced jobs 114,000 → mult
Slide 63: Veolia's Social Performance
VEOLIA’S SOCIAL PERFORMANCE Voice of Resourcers % agree 2022 vs. 2021 Bench* Engagement 89 +2 +12 I am proud to say that I work 86 +2 +10 at Veolia I believe that my 95 +1 +14 work/contribution is useful 89% Engagement My work objectives are clear 92 +2 +14 I like the working atmosphere 90 +2 +14 in
Slide 64: Veolia's Governance
VEOLIA’S GOVERNANCE Our Governance puts ESG and impact A new Purpose at the heart Investment Committee Committee of the Group's within the Board management 64
Slide 65: A Sign of Confidence: Employees Are the First Shareholder
A SIGN OF CONFIDENCE: Employees are the first shareholder of Veolia 6.5% Veolia Employees 65
Slide 66: Zoom About Financial Trajectory
VEOLIA, THE REFERENCE ESG COMPANY ZOOM ABOUT FINANCIAL TRAJECTORY 66
Slide 67: Veolia Value Creation Model: Growth and Efficiency
VEOLIA VALUE CREATION MODEL: GROWTH AND EFFICIENCY Sustainable and profitable growth Ambitious Growth Enhancing performance Strict capital allocation Solid top line growth Continued efficiency gains Capex control and FCF generation ● Annual total capex ~€3.5bn ● Strong foundations: existing portfoli
Slide 68: Veolia Value Creation Model: Growth and Efficiency
VEOLIA VALUE CREATION MODEL: GROWTH AND EFFICIENCY 2022 results put the group on a path of string profits growth for 2023 and 2024 ● Net FCF of €1,032m Revenue €42.9bn up +14.1%(1), 1 +6.5%(1) excl. energy prices 4 (€1.2bn excl. exceptional Suez integration costs) ● Net debt(2) of €18.1bn Growth acc
Slide 69: Veolia Value Creation Model: Growth and Efficiency
VEOLIA VALUE CREATION MODEL: GROWTH AND EFFICIENCY An ambition 2023 guidance, in line with 2024 merger accretion targets (1)(2) Revenue: Net debt: solid organic growth leverage ratio ~3x EBITDA: Dividend policy: organic growth between dividend to grow in line with current EPS +5% to +7% vs. 2022, dr
Slide 70: Strong Visibility Ensured by Long Contract Duration
STRONG VISIBILITY ENSURED BY LONG CONTRACT DURATION No major contract renewal before 2028 Braunschweig The Group’s 34 largest contracts represent Rabat €5bn in revenue, Prague or 12% of revenue SEDIF Tangiers Tetouan Barcelona Average duration: 11 years (excluding perpetual concessions in regulated
Slide 71: Financial Trajectory: A Self-Financed Model (1/2)
FINANCIAL TRAJECTORY A self-financed model (1/2) Strict investment criteria Capital allocation Capital allocation focused on fast growing activities, BUs must submit to the Group Investment Committee mostly outside France all projects above €10m EV and €20m capex Controlled capex : ~€3.5bn p.a. Tigh
Slide 72: Financial Trajectory: A Self-Financed Model (2/2)
FINANCIAL TRAJECTORY A self-financed model (2/2) €1bn-€1.5bn discretionary €0.5bn-€1bn €3bn annual capex growth capex and tuck-ins annual asset arbitrage → €1.7bn maintenance → Decarbonization → Portfolio rotation → €1.3bn growth capex → Technologies / → Assets involved already on existing contracts
Slide 73: Cost of Financing Expected to Stabilize
COST OF FINANCING EXPECTED TO STABILIZE Overall cost of financing expected to stabilize Net cash €6.8bn at 31/12/2022 covering 2023 repayment of maturing bonds 83% debt fixed at year-end 2022 Debt maturity: 7.9 years 73
Slide 74: Tax Efficiency
TAX EFFICIENCY Tax efficiency taken into consideration to structure new projects and tuck in acquisitions Significant tax loss More than carry forwards $350m in the US: in tax to be utilized by 2026. TAX RATE OBJECTIVE OF French tax loss carry forwards ~25% Additional potential recognition of ~ €250
Slide 75: 2022 - 2024 Financial Trajectory
2022 - 2024 FINANCIAL TRAJECTORY Double digit net income growth(1) CONFIRMED ~40% CURRENT EPS ACCRETION IN 2024(2) Key drivers ● Operational efficiencies and synergies ● Current EBIT growth ● Stable cost of financing ● Tax efficiency (1) These targets are at constant forex, as of end-2022, at consta
Slide 76: ROCE to Continue to Grow in 2023-2024
ROCE TO CONTINUE TO GROW IN 2023-2024(1) Capital employed in €bn ROCE after tax including IFRS 16 Key drivers ● Current EBIT growth +110 bp in 2022 ● Capital efficiency 8.2% ● Tax efficiency 7.6% ● After tax ROCE ≥ 8% 6.5% from 2023 onwards 6.2% * 2020 restated of IFRS2 and IAS19 impacts. (1) These
Slide 77: 2022 - 2024 Financial Trajectory: Dividend Policy
2022 - 2024 FINANCIAL TRAJECTORY Dividend policy: DPS to grow in line with EPS Sustained dividend policy ● Continuous dividend growth from 2014-2022 (except for the COVID year) ● Dividend growth in line with current EPS growth *2022 dividend subject to approval of the AGM of April 27,2023 77
Slide 78: In a Nutshell
IN A NUTSHELL A piloted and agile group ready to deliver strong growth GROWTH STRONG BALANCE SHEET AND FINANCIAL HEADROOM Decarbonization, Regeneration, Depollution Leverage ~ 3X ● Growth enhanced by combination with Suez ● Growth boosted by ecological transformation megatrends and accelerated by ti
Slide 79: The Champion of Ecological Transformation
THE CHAMPION OF ECOLOGICAL TRANSFORMATION 79
Slide 80: Veolia's Purpose, in a Nutshell
VEOLIA’S PURPOSE, IN A NUTSHELL Ecological transformation, that is our purpose. “ Ecological transformation means acting to reconcile human progress and environmental protection. We develop solutions, firmly established locally, that depollute our vital resources and preserve them from depletion, so
Slide 81: Appendices
APPENDICES 81
Slide 82: Detailed Revenue and EBITDA Split (1/2)
DETAILED Total Total REVENUE 2022 - In M€ Revenue EBITDA AND EBITDA France Hazardous Waste Europe French Water 9 666 1 418 SPLIT (1/2) Solid Waste 3 000 2 916 Hazardous Waste 2 128 Other (incl. Sade) 1 622 Europe excluding France 17 850 2 373 CEE & Germany 9 400 Northern Europe & UK 4 900 Southern E
Slide 83: Detailed Revenue and EBITDA Split (2/2)
2022 - In M€ Revenue EBITDA DETAILED 18 260 3 015 REVENUE Water published 9 115 1 626 AND EBITDA Municipal non regulated 1 226 622 Municipal regulated SPLIT (2/2) Water Technologies 4 456 487 Other 2 392 204 Total Water restated(1) 17 189 2 939 Waste published 15 797 2 150 Solid Waste 9 709 1 370 Ha
Slide 84: Contact
CONTACT ANALYST & INVESTOR MEDIA RELATIONS RELATIONS Ronald Wasylec Laurent Obadia Deputy CFO, Senior Vice President, Deputy CEO in charge of Stakeholders and Investor Relations Communications, Advisor to the Chairman Telephone: +33 1 85 57 84 76 Telephone: +33 1 85 57 89 43 E-mail: ronald.wasylec@v