Sopra Steria Group Sa · EURONEXT:SOP
Sopra Steria Group Sa — H1 2025 Earnings Presentation
39 slides from Sopra Steria Group Sa's earnings presentation, Jul 25, 2025
Slide 1: Presentation of H1 2025 results
Presentation of H1 2025 results Paris, 25 July 2025 1
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking information subject to certain risks and uncertainties that may affect the Group’s future growth and financial results. Readers are reminded that licence agreements, which often represent investments for clients, are signed in greater numbers in
Slide 3: Contents
Contents 1 Highlights of Operating position Financial results Priorities and Sustainability Q&A H1 2025 by reporting unit for H1 2025 targets for 2025 Auditors’ and Statutory Auditors’ reports Annexes Vote on Closing remarks resolutions to the General Meeting 3 Presentation of H1 2025 results – 25/0
Slide 4: Highlights of H1 2025
Highlights of H1 2025 Cyril Malargé, Chief Executive Officer 4 Presentation of H1 2025 results – 25/07/2025
Slide 5: Half-year results in line with full-year targets
Half-year results in line with full-year targets Organic growth in revenue Operating margin on business Net profit attributable to the activity Group -3.8% 9.2% +15.3% to €142.0m 9.7% in H1 2024 i.e. 5.0% of revenue vs 4.2% in H12024 Net earnings per share Free cash flow EBITDA leverage +19.2% to €7
Slide 6: Improved trends in Q2
Improved trends in Q2 Organic change in quarterly revenue compared to 2024 • Sequential stabilisation in Initial aeronautics since Q4 2024; year- guidance Q1 2025 Q2 2025 on-year base effect becoming Q1 2025 reported reported more favourable starting in Q3 2025 • Start of the NS&I contract in the Un
Slide 7: Major contracts
Major contracts DIGIT United Arab Emirates Air Force 7 Presentation of H1 2025 results – 25/07/2025
Slide 8: Favourable positioning
Favourable positioning 26% 22% 20% 85% 9% 6% Public Aeronautics, Space, Financial Services & Digital Services Consulting Solutions Sector Defence & Security Insurance 68% Group revenue o/w: Recurring revenue ~40% 6% France 7% More than €1 billion in revenue in the defence, United Kingdom 9% security
Slide 9: Leader in defence & digital security
Leader in defence & digital security Among the top 10 leaders in France’s DITB (1) – Major player in the EU’s EDITB (1) Critical systems Manufacturers €525m €160m 1% 12% Public Security & Identity Airbus D&S Dassault Naval Group KNDS Aviation Command & Control Thales MBDA Kongsberg 41% Safran 12% Cy
Slide 10: Services and solutions to address sovereignty priorities
Services and solutions to address sovereignty priorities Legitimacy on Solutions addressing Stakeholder in References matters of sovereignty priorities European initiatives Secure cloud solutions sovereignty Hosting sensitive data and research centres Sovereign AI Independent European Development of
Slide 11: Maturing AI
Maturing AI AI at Sopra Steria AI at our clients AI in our offerings Expanded use of AI by employees Rapid deployment at the use case Relevant AI Productive level Support functions AI Factory Increase in assignments to implement comprehensive AI strategies Trustworthy AI AI-based virtual assistants
Slide 12: Operating position by reporting unit
Operating position by reporting unit Cyril Malargé, Chief Executive Officer 12 Presentation of H1 2025 results – 25/07/2025
Slide 13: Operating performance by reporting unit
Operating performance by reporting unit Operating profit on business Revenue activity H1 2024 Organic H1 2025 H1 2025 H1 2024 restated* growth (€m) (% of Rev.) (% of Rev.) (€m) (%) France 1,207.9 1,253.9 -3.7% 9.2% 9.5% United Kingdom 456.2 494.4 -7.7% 9.5% 11.6% Europe 1,015.2 1,048.1 -3.1% 8.1% 9.
Slide 14: France
France H1 2024 H1 2025 reported France (€m) (% of Rev.) (M€) (% du CA) Revenue 1,207.9 1,251.3 Organic growth (%) -3.7% Op. profit on business activity 110.9 9.2% 119.2 9.5% Profit from recurring operations 102.6 8.5% 106.6 8.5% Operating profit 97.8 8.1% 99.4 7.9% Improved trends in Q2 (-2.4%) Cont
Slide 15: United Kingdom
United Kingdom H1 2024 H1 2025 reported United Kingdom (€m) (% of Rev.) (M€) (% du CA) Revenue 456.2 487.3 Organic growth (%) -7.7% Op. profit on business activity 43.5 9.5% 56.7 11.6% Profit from recurring operations 36.1 7.9% 49.8 10.2% Operating profit 32.4 7.1% 48.2 9.9% Sharp reduction in the l
Slide 16: Europe
Europe H1 2024 H1 2025 reported Europe (€m) (% of Rev.) (M€) (% du CA) Revenue 1,015.2 1,050.5 Organic growth (%) -3.1% Op. profit on business activity 82.0 8.1% 97.3 9.3% Profit from recurring operations 73.2 7.2% 84.2 8.0% Operating profit 63.9 6.3% 72.6 6.9% Positive organic growth in Spain, Slig
Slide 17: Solutions
Solutions H1 2024 H1 2025 reported Solutions (€m) (% of Rev.) (M€) (% du CA) Revenue 164.4 160.3 Organic growth (%) 2.6% Op. profit on business activity 25.0 15.2% 12.2 7.6% Profit from recurring operations 22.0 13.4% 10.6 6.6% Operating profit 21.2 12.9% 9.5 5.9% The Human Resources Solutions Opera
Slide 18: Financial results for H1 2025
Financial results for H1 2025 Étienne du Vignaux, Chief Financial Officer 18 Presentation of H1 2025 results – 25/07/2025
Slide 19: Income statement
Income statement 19 Presentation of H1 2025 results – 25/07/2025
Slide 20: Other operating income and expenses
Other operating income and expenses H1 2025 H1 2024 (€m) (€m) Costs related to business combination -0.6 - Restructuring and reorganisation costs -18.9 -17.7 Other 0.8 -3.7 Other operating income and expenses - 18.6 - 21.5 20 Presentation of H1 2025 results – 25/07/2025
Slide 21: Tax
Tax H1 2025 H1 2024 (€m) (€m) Profit before tax and share from equity-accounted companies 197.2 211.5 Effective tax charge -46.7 -33.3 Effective tax rate (%) 23.7% 15.7% Tax rate expected to be ~27% in 2025, including a ~1-point impact of the exceptional corporate income surtax in France 21 Presenta
Slide 22: Change in free cash flow
Change in free cash flow Strong seasonal effect in H1 2025 44.0 €m -19.1 +12.4 -183.2 -145.9 Free Free Cashcash Flowflow S1 2024 EBITDA WCR BFR Autres Other Free Free Cashcash Flowflow S1 2025 H1 2024 H1 2025 22 Presentation of H1 2025 results – 25/07/2025
Slide 23: Change in net financial debt
Change in net financial debt -50.1 -4.9 696.8 -90.2 -23.6 -145.9 Including the 2025 portion of the €150m share buyback programme: €m 382.2 €40.7m Net financial Dette financièredebt nette Freecash Free Cash Flow flow Changesde Variations in périmètre scope andet Dividendes Dividends Rachats Share d'a
Slide 24: Solid balance sheet structure
Solid balance sheet structure Simplified balance sheet Assets + WCR (€m) 59% 4% 13% 30/06/25 Gearing Leverage €140.9m 34% 1.17x 30/06/2025 3,427.3 3% 20% 65% 4% 14% Gearing Leverage 31/12/2024 3,055.0 31/12/24 €135.9m 19% 0.61x 4% 13% Equity Pensions – Post-employment benefits Net Net Provisions for
Slide 25: Diversified, accessible financing
Diversified, accessible financing 30/06/2025 30/06/2025 Amount Available undrawn amount: €1.3bn Amount used i.e. 60% of authorised amount(1) authorised (€m) (€m) Bond 250.0 250.0 Bank loans & borrowing facilities 411.0 436.0 Maturities Multi-currency revolving credit facility - 1,100.0 • Bonds: matu
Slide 26: Priorities and targets for 2025
Priorities and targets for 2025 Cyril Malargé, Chief Executive Officer 26 Presentation of H1 2025 results – 25/07/2025
Slide 27: Priorities for H2 2025
Priorities for H2 2025 BUSINESS TRANSFORMATION PERFORMANCE • Expansion • Operating model • Gross margin • Focus on key accounts • Tech, AI & Consulting management • Support for sales • HR expertise • Cost control • Strategic verticals • Reduction in DSO 27 Presentation of H1 2025 results – 25/07/202
Slide 28: Confirmation of 2025 full-year financial targets
Confirmation of 2025 full-year financial targets Organic revenue growth Operating margin on Free cash flow (as % of revenue) business activity (as % of revenue) Between Between Between -2.5% and +0.5% 9.3% and 9.8% 5% and 7% including a dilutive effect arising from higher social security contributio
Slide 29: Q&A
Q&A 29 Presentation of H1 2025 results – 25/07/2025
Slide 30: Annexes
Annexes 30 Presentation of H1 2025 results – 25/07/2025
Slide 31: Sopra Steria: A European leader in digital transformation
Sopra Steria: A European leader in digital transformation Top 9 operating in Europe(1) €5.8bn 2024 revenue Europe: 36% 6% 6% 4% 4% 9% 4% 7% 26% 10% 7% >50,000 9% 42% 7% Employees 9% 15% 60% 10% 10% 22% Operations in nearly 16% 30 countries 16% Solutions Public Sector France Aeronautics, Space, Defen
Slide 32: Breakdown of change in consolidated revenue
Breakdown of change in consolidated revenue Negative growth at constant scope and exchange rates of 3.8% 2,949.4 +4.1 +3.3 2,843.7 o/w GBP +€7m o/w NOK -€4m -113.1 o/w SEK +€1m €m Revenue Chiffre d'affaires Currency Effet fluctuations Devises Changes in scope Effet Périmètre Organic organique Croiss
Slide 33: Changes in exchange rates
Changes in exchange rates Changes in exchange rates Average rate Average rate Change H1 2025 H1 2024 (%) For €1 / % Pound sterling 0.8423 0.8546 +1.5% Norwegian krone 11.6608 11.4926 -1.4% Swedish krona 11.0961 11.3914 +2.7% Danish krone 7.4607 7.4580 -0.0% Swiss franc 0.9414 0.9615 +2.1% 33 Present
Slide 34: Earnings per share
Earnings per share H1 2025 2024 H1 2024 2023 H1 2023 Net profit attributable to the Group (€m) 142.0 251.0 123.2 183.7 112.5 Weighted average number of shares in issue excluding treasury shares 19.49 20.14 20.16 20.22 20.20 Basic earnings per share (€) 7.29 12.46 6.11 9.08 5.57 Basic recurring earni
Slide 35: Breakdown of change in net financial debt
Breakdown of change in net financial debt H1 2025 H1 2024 (€m) (€m) Operating profit on business activity 261.4 285.3 Depreciation, amortisation and provisions (excluding allocated intangible assets) 78.9 74.1 EBITDA 340.3 359.4 Non-cash items -3.5 -4.1 Tax paid -23.2 -35.2 Change in operating worki
Slide 36: Simplified balance sheet
Simplified balance sheet 30/06/2025 31/12/2024 (€m) (€m) Goodwill 2,357.6 2,348.2 Allocated intangible assets 162.8 174.3 Other fixed assets 382.3 345.2 Right-of-use assets 414.1 384.4 Equity-accounted investments 1.0 1.0 Total fixed assets 3,317.9 3,253.0 Net deferred tax 62.6 73.1 Trade accounts r
Slide 37: Global workforce
Global workforce 30/06/2025 30/06/2024 France 19,560 20,220 Europe 22,659 22,989 Outside Europe 233 234 International service centres 7,852 7,970 Total 50,304 51,413 * Workforce excluding interns, in accordance with the CSRD 37 Presentation of H1 2025 results – 25/07/2025
Slide 38: Core shareholder backing the corporate plan
Core shareholder backing the corporate plan Ownership structure at 30 June 2025 SOPRA GMT Pasquier Odin One Equity Historical Treasury family family Partners managers shares 54.0% 22.4% 22.6% 0.9% 0.1% 60.8% 25.5% 12.9% 0.9% 0.0% 20,547,701 listed shares 26,586,617 theoretical voting rights Investme
Slide 39: Alternative performance measures
Alternative performance measures Restated revenue: Basic recurring earnings per share: Revenue for the prior year, expressed on the basis This measure is equal to basic earnings per share before of the scope and exchange rates for the current year. other operating income and expenses net of tax. Org