Slide 1: First-half 2023 results
September 2023 First-half 2023 results. • Dominique Louis – Chairman & CEO • Malène Korvin – Chief Financial Officer 1
Slide 2: Disclaimer
Disclaimer This presentation includes forward-looking statements, which, by their very nature, involve inherent risks and uncertainties. These statements concern future financial performance and other risks relating to Assystem's markets as well as its results, levels of business, performance, and o
Slide 3: Contents
Contents. 01 Significant events of first-half 2023 and roadmap Page 4 02 First-half 2023 financial performance Page 8 03 Outlook for full-year 2023 Page 16 04 Appendices Page 19 3
Slide 4: Significant events of first-half 2023 and roadmap
SIGNIFICANT EVENTS OF FIRST-HALF 2023 AND ROADMAP. 4
Slide 5: Our refocusing on nuclear is completed
Our refocusing on nuclear is completed. 2020 Corporate Risk Associates (risk & safety consultancy) 2021 • Strategic refocusing completed in less STUP than two years (specialised in transport infrastructure engineering) Schofield Lothian (consultancy specialised in rail • Bolt-on acquisitions to rein
Slide 6: Our geographic presence is closely connected with that of the nuclear sector
Our geographic presence is closely connected with that of the nuclear sector. We’ve developed our markets around four geographic regions The nuclear sector’s maturity is different in each one • France: our principal market (existing facilities and development projects) • United Kingdom • Middle East
Slide 7: Recruitment and retention – Key priorities to ensure future growth
Recruitment and retention – Key priorities to ensure future growth. • Our expertise is based on two pillars: nuclear engineering and digital engineering • Reinforcing our technical organisational structures in all of our geographic regions is essential in order to guarantee continued high quality of
Slide 8: First-half 2023 financial performance
FIRST-HALF 2023 FINANCIAL PERFORMANCE. 8
Slide 9: First-half 2023 key figures
First-half 2023 key figures REVENUE EBITA CONSOLIDATED PROFIT €282.5m €15.7m €21.0m(1) +16.9% -4.3% +13.9% like-for-like representing 5.6% of revenue - 1.2 pts (1) Including a €4.0m contribution from Expleo Group 9
Slide 10: First-half 2023 revenue
First-half 2023 revenue +26.4 +14.4 282.5 YEAR-ON-YEAR CHANGE BY BUSINESS 241.7 ET&I Nuclear • Like-for-like: +13.9% (in €m) o Impact of changes in scope of consolidation(1) : +3.9% o Currency effect: -0.9% H1 2022 H1 2023 • Total: +16.9% BY GEOGRAPHIC +8.1 +1.8 REGION +17.8 +13.1 Asia MECA (in €m)
Slide 11: First-half 2023 revenue by business
First-half 2023 revenue by business (in €m) NUCLEAR 70% of total H1 2023 revenue ET&I 30% of total H1 2023 revenue +15.4% 198,1 171,7 84,4 69,9 +20.6% H1 2022 H1 2023 H1 2022 H1 2023 • 15.8% like-for-like growth • 9.1% like-for-like growth • Growth was buoyant in France, very buoyant in the UK, and
Slide 12: Consolidated EBITA and EBITA margin
Consolidated EBITA and EBITA margin (in €m) H1 2022 H1 2023 16,4 restated 15,7 -4.3% Revenue 241.7 282.5 Payroll costs (169.2) (203.2) Other operating income and expenses (48.4) (55.6) 6.8% 5.6% -1.2 pts Taxes other than on income (0.6) (0.5) Depreciation, amortisation and provisions (7.7) (7.9) Ope
Slide 13: From EBITA to consolidated profit
From EBITA to consolidated profit (in €m) 4.0 6.3 21.0 (0.8) 15.7 (0.8) ‘ (3.4) EBITA Reversal of Non-recurring Expleo Group’s Net financial Income tax Consolidated provision for income and contribution income and expense profit for the the research share-based (1) Other(2) period tax credits paymen
Slide 14: Expleo Group's contribution to Assystem's H1 2023 results
Expleo Group’s contribution to Assystem’s H1 2023 results REVENUE €698.6m +13.1% vs H1 2022 EBITDA (1) €66.9m +48.6% representing an EBITDA margin of 9.6% (+2.3 pts vs H1 2022) Contribution to Assystem’s H1 2023 CONSOLIDATED PROFIT (2) €11.6m consolidated profit: €4.0m(3) (1) Including the IFRS 16 i
Slide 15: Movements in net debt
Movements in net debt (in €m) – excluding the IFRS 16 impact for all data 6.5 0.6 1.6 80.6 39.5 Other FCF 50.9 (18.5) EBITDA Change in WCR At 31 Dec. Free cash flow Net effect of Other At 30 June 2022 €27.5m disposals & movements 2023 acquisitions (1) (1) Including an impact of €(5.1)m from disposal
Slide 16: Outlook for full-year 2023
OUTLOOK FOR FULL-YEAR 2023. 16
Slide 17: Outlook for full-year 2023
Outlook for full-year 2023 CONSOLIDATED REVENUE (2) Around €570m EBITA (2,3) Around €35m In June the Group signed an agreement to sell its activities in the Pacific area(1) to their current management. The Group’s targets for full-year 2023 factor in the completion of this transaction by the end o
Slide 18: Thank you for your attention
THANK YOU FOR YOUR ATTENTION. 2023 FINANCIAL CALENDAR CONTACTS • Malène Korvin – Chief Financial Officer 26 October: mkorvin@assystem.com – Tel.: +33 (0)1 41 25 29 00 Third-quarter 2023 revenue release • Anne-Charlotte Dagorn – Communications Director acdagorn@assystem.com - Tel.: +33 (0)6 83 03 70
Slide 19: Solid and committed leadership team
Solid and committed leadership team for the Group to achieve its goals Dominique Louis Stéphane Aubarbier Malène Korvin Chairman & CEO Deputy Chief Executive Officer Group Chief Financial Officer and Chairman of the Executive Committee Christian Jeanneau Thomas Branche Emmanuelle Capiez Anne-Charlot
Slide 20: Assystem today
Assystem today. CORE BUSINESSES TOP 3 4,000 600 ranked in the TOP 3 specialists in power plant power engineering independent nuclear design specialists engineering companies in Nuclear the world 70% of total H1 2023 revenue ET&I 30% of total H1 2023 revenue 500 1,000 57 industrial control system pro
Slide 21: H1 2023 revenue and EBITA by business and by operating segment
H1 2023 revenue and EBITA by business and by operating segment. Total year- REVENUE Like-for-like H1 2022 H1 2023 on-year change change (1) (1) Based on a comparable scope of consolidation and In €m constant exchange rates (2) LogiKal consolidated since 1 December 2022, and Oreka Group 241.4 282.5 +
Slide 22: H1 2023 condensed consolidated income statement
H1 2023 condensed consolidated income In €m H1 2022 H1 2023 statement. Revenue 241.7 282.5 Operating profit before non-recurring items (EBITA)(1) 16.4 15.7 (1) Operating profit before non-recurring items (EBITA) EBITA margin 6.8% 5.6% including share of profit of equity-accounted investees other tha
Slide 23: Condensed balance sheet at 30 June 2023
Condensed balance sheet at 30 June 2023. Non-current assets(1) . 162.5 o/w goodwill: €124.1m Right-of-use assets (IFRS 16) . 29.2 407.8 • Equity Expleo Group shares and . 184.1 convertible bonds 27.2 • Non-current liabilities(2) Framatome shares . 134.0 31.2 • Lease liabilities (IFRS 16) . 80.6 • Ne
Slide 24: Assystem's ownership structure
Assystem’s ownership structure. at 31 August 2023 ASSYSTEM SHARES HDL Development (1) • Euronext Compartment B 57,93% • ISIN: FR0000074148 • Eligible for equity savings schemes Free float (2) (PEA) and deferred settlement service 36,79% (SRD long only) • Indices: CAC All-Shares, CAC Industrials, CAC
Slide 25: ASSYSTEM.COM
Copyright photos: Adobe stock – Photo drone ©EDF - Agence Movement; Bernard Gaetan ASSYSTEM.COM 25