Atos Se · EURONEXT:ATO

Atos — IPO Roadshow (November 2024)

40 slides from Atos's IPO roadshow presentation, November 2024

Slide 1: A new chapter for Atos
A new chapter for Atos November 2024
Slide 2: Disclaimer
Disclaimer This document must not be published, released or distributed, directly or indirectly, in the United States, Canada, Japan or Australia. This document and the information contained herein do not constitute an offer to sell nor a solicitation of an offer to buy, nor shall there be any sale
Slide 3: Disclaimer
Disclaimer Forward-looking information This document contains “forward-looking statements”, including statements regarding the future prospects and development of the Atos Group. All statements other than statements of historical data included in this document, including, without limitation, stateme
Slide 5: Opportunity to participate in Atos' turnaround and future success
Opportunity to participate in Atos’ turnaround and future success • Sustainable financial structure and ample liquidity Successful financial • Time to execute strategy and return to positive cash restructuring process flow • Renewed customer confidence in the business €233m rights issue • Differenti
Slide 6: Successful financial restructuring and renewed confidence in the future
01 Successful financial restructuring and renewed confidence in the future
Slide 7: Atos' long-term financial sustainability restored by financial restructuring
Atos’ long-term financial sustainability restored by financial restructuring ✓ ✓ ✓ Very significant net debt Sufficient liquidity Time and flexibility to reduction • €1.6bn new money, of which: execute strategy • €2.9bn net debt reduction • Up to €233m rights issue, • No maturity before 2029 • Up to
Slide 8: Sustainable capital structure following €2.2bn gross debt reduction
Sustainable capital structure following €2.2bn gross debt reduction Impact of financial restructuring agreement on Atos SE gross debt amount (in €bn)(1) €2.2bn gross debt reduction 5.7 Interim financings Adequate level of liquidty to cover the company’s long- term needs Existing bank debt New Money
Slide 9: Sufficient liquidity to execute strategy
Sufficient liquidity to execute strategy Strengthening of the group’s liquidity by €1.6bn Impact of financial restructuring agreement on Atos’ liquidity (in €bn)(¹) €1.6 bn additional liquidity (including €0.4bn RCF) Completed by a €60m guarantees line (2) (3) Notes: (1) Assumptions: Closing on 31/1
Slide 10: Time and flexibility to execute strategy
Time and flexibility to execute strategy Pro forma debt maturity of the financial restructuring (in €bn)(1,2) Notes: • Retention of disposal Total gross debt: €3.4bn proceeds, provided estimated liquidity in Completed by a €60m December 2026 does not guarantees line exceed €1.1bn (to be estimated in
Slide 11: Debt structure supports future successful refinancing
Debt structure supports future successful refinancing Evolution of net debt(1) (in €bn) / Net leverage (in x, Net Debt pre-IFRS 16 / OMDA pre-IFRS 16(4)) Safeguard plan Business Plan €3.2bn net debt Current Perimeter reduction 2027E Revenues €10.6bn 11.9x 2027E Operating Margin 9.4% 1.7x 1.6x (2) (3
Slide 12: Atos is a globally-recognized leader in IT services
02 Atos is a globally- recognized leader in IT services
Slide 13: Atos is a recognized leader with differentiated capabilities and strengths
Atos is a recognized leader with differentiated capabilities and strengths 1 2 3 4 • Leading global • Two complementary • Key strategic • Delivery model provider business lines partner to leverages skilled and of IT services diversified blue qualified workforce • Leadership positions chip client bas
Slide 14: Atos is a leading global IT Services provider
1 Atos is a leading global IT Services provider Eight core activities Diversified worldwide €9.7bn across two businesses presence and operations 2024E Revenue Tech Foundations EVIDEN Others & Global Structures 50% 50% €0.2bn BDS Digital Security Southern 3% Northern 2024E Operating Margin Hybrid Clo
Slide 15: Operating in highly-attractive and growing markets
1 Operating in highly-attractive and growing markets Eviden Tech Foundations ✓ Operating in fast-growing and critical IT markets ✓ Operating in more mature and stable IT markets ✓ Unique capabilities and strenghts ✓ Long-term relationships with stable client base CAGR CAGR 2023-27E 26% 2023-27E 10%
Slide 16: Ideally-positioned to benefit from digitalization & AI tailwinds
1 Ideally-positioned to benefit from digitalization & AI tailwinds European leader in Sole European HPC managed security, cloud manufacturer Integrated solutions and mission-critical solutions Leader in Data & AI Expertise with best-of-breed Broad IP / patents portfolio Industry-specific technologie
Slide 17: Complementary businesses with leadership positions
2 Complementary businesses with leadership positions High growth Eviden Tech Stability ✓ Data and application driven 50% Foundations ✓ Infrastructure driven ✓ Unique IP talent & assets of revenue 50% ✓ Strong client base ✓ Mission-critical systems of revenue ✓ Long-term relationships Industry-leadin
Slide 18: Key strategic partner to a diversified blue chip client base
3 Key strategic partner to a diversified blue chip client base Eviden Tech Foundations 82% 12 10+ years ~90% Revenues from clients Clients paying Average relationship Contract paying >€10m p.a. >€50m p.a. across top 170 clients renewal rate >97% 70% 12%+ 99% Revenue generated Top 30 clients with Ato
Slide 19: Ecosystem of leading technology partnerships
3 Ecosystem of leading technology partnerships Transformation Public & Hybrid Acceleration Cloud c.12,000(1) new certifications with AWS, Microsoft, SAP, Google, and GenAI Multiple partner awards and Atos recognitions Smart ecosystem Digital Platforms of 100+ Workplace partners (2) Industry analyst
Slide 20: Optimised delivery model leverages skilled and qualified workforce
4 Optimised delivery model leverages skilled and qualified workforce Talent as a differentiator Optimised delivery model Atos is consistently a top employer Cost-effective allocation of resources 92% 45% 55% Employees in high- Employees in low- Key People retention (1) cost geographies cost geograph
Slide 21: Pioneer and recognized leader in social & corporate sustainability
4 Pioneer and recognized leader in social & corporate sustainability Atos ESG strategy and achievements (based on FY2023 report) On track to achieve -50% CO2 32.7% 73% emission 2025 target Atos gender diversity Total spend assessed by Ecovadis (–32.5% decrease in 2023 vs 2019) Best-in-class green HP
Slide 22: Highly-experienced team focused on ongoing transformation
03 Highly-experienced team focused on ongoing transformation
Slide 23: Highly experienced management team
Highly experienced management team Chairman & Incoming CEO Incoming CEO Philippe Salle has Philippe Salle committed to invest €9m in Atos CEO from 1 February 2025 as part of the Rights Issue CEO Jean Pierre Muster Until 31 January 2025 Regions Transverse & Business Ops. Functions Head of North Ameri
Slide 24: FY2024E results consistent with safeguard process business plan
FY2024E results consistent with safeguard process business plan Softer market conditions and delays in contract awards as clients 2024E revenue await the final resolution of the Group’s refinancing plan ~€9.7bn Eviden: Continued market softness in key markets and Impact of contract scope reductions
Slide 25: Strategy focused on growth and margin expansion
Strategy focused on growth and margin expansion Comprehensive Cross-selling “Customer Talent as a Margin portfolio offerings for life” Differentiator expansion Eviden 1 2 3 4 5 Tech Foundations 1 2 3 Rationalise portfolio to pave Reset cost Drive growth with the way for turnaround structure next gen
Slide 26: Significant ongoing focus on transformation & operational levers
Significant ongoing focus on transformation & operational levers Transformation Plan Underperforming Liquidity Profitable perimeter Cost savings contracts management HCI & DWP (1) Restructure Drive Reinforce Bid Refocus turnaround salesforce & reduction Optimize G&A Implement and Project growth on P
Slide 27: Identified operational levers to enhance profitability
Identified operational levers to enhance profitability Combining top-line commercial actions and cost reduction measures Overview of key identified levers over the 2025-27 period Key enablers (€m to normative contribution to cash generation) ➢ Direct headcount reduction (bench, subcontractors, produ
Slide 28: Transaction overview and timeline
04 Transaction overview and timeline
Slide 29: Overview of capital increases
Overview of capital increases Allows reinvesting shareholders to hold up to 28% of the post-money equity 1 2 €233m capital increase with maintenance Additional concomitant capital increases: of preferential subscription righs (DPS) • €2.9bn(1) debt-to-equity conversion reserved capital increases (as
Slide 30: Transaction summary
Transaction summary • Offering size: up to €233m • Subscription price: €0.0037 per share (including €0.0036 of issue premium considering a nominal value of €0.0001 Offering details after completion of the share capital reduction) • Up to 63bn new shares to be issued • Issue backstopped at 75% by par
Slide 31: Rights issue timetable and key milestones
Rights issue timetable and key milestones 8 Nov 2024 Publication of 14 Nov 2024 25 Nov 2024 6 Dec 2024 prospectus and Start of End of Settlement rights issue launch subscription subscription and delivery announcement period period of new shares 7 Nov 2024 12 Nov 2024 21 Nov 2024 28 Nov 2024 AMF appr
Slide 32: A new chapter for Atos
04 A new chapter for Atos
Slide 33: Opportunity to participate in Atos' turnaround and future success
Opportunity to participate in Atos’ turnaround and future success • Sustainable financial structure and ample liquidity Successful financial • Time to execute strategy and return to positive cash restructuring process flow • Renewed customer confidence in the business €233m rights issue • Differenti
Slide 34: Q&A
05 Q&A
Slide 35: Appendix
06 Appendix
Slide 36: Projected net leverage trajectory under Atos Financial Restructuring Business Plan
Projected net leverage trajectory under Atos Financial Restructuring Business Plan €m, FYE Dec. 2024e¹ 2025e 2026e 2027e Net leverage (in x, Net Debt pre-IFRS 16 / EBITDA pre-IFRS 162) Sales 9,729 9,552 9,996 10,609 Chart Title 6.36x OMDA post-IFRS 16 867 1,177 1,338 1,611 5.69x - Lease payments (33
Slide 37: Mutually reinforcing and mission-critical service proposition
Mutually reinforcing and mission-critical service proposition Eviden Tech Foundations • Hybrid multi-cloud infrastructure Digital • Transformation acceleration Hybrid Cloud & • Mainframe and infra modernization Services • Smart platforms Infrastructure • Associated networks management Digital • Clou
Slide 38: Proprietary technologies
Proprietary technologies Use Case # Patent Families # Patents Leading European Patent Holder on Quantum Computing Automation 49 112 Digital Services 75 patents - with a leading position on Immersive Experience 7 16 hybrid architecture and compilation Digital Hybrid Cloud 9 20 Cloud A Pioneer in AI a
Slide 39: Differentiated industry leadership and integrated solutions driving competitive advantage
Differentiated industry leadership and integrated solutions driving competitive advantage Public Sector Defense Manufacturing Fin. Services & Insurance Connected Territories Battlefield Cloud PLM & Product Twin AI-enabled Prospecting Sovereign Security Connected Defense Smart Digital Factory Frictio
Slide 40: Thank you for your attention
Thank you for your attention Atos is a registered trademark of Atos SE. © 2024 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 quoted without prior written approval from

Atos — IPO Roadshow (November 2024) on 6ix

Atos — IPO Roadshow (November 2024)

Slide 1: A new chapter for Atos

Slide 2: Disclaimer

Slide 3: Disclaimer

Slide 4: Today's presenters

Slide 5: Opportunity to participate in Atos' turnaround and future success

Slide 6: Successful financial restructuring and renewed confidence in the future

Slide 7: Atos' long-term financial sustainability restored by financial restructuring

Slide 8: Sustainable capital structure following €2.2bn gross debt reduction

Slide 9: Sufficient liquidity to execute strategy

Slide 10: Time and flexibility to execute strategy

Slide 11: Debt structure supports future successful refinancing

Slide 12: Atos is a globally-recognized leader in IT services

Slide 13: Atos is a recognized leader with differentiated capabilities and strengths

Slide 14: Atos is a leading global IT Services provider

Slide 15: Operating in highly-attractive and growing markets

Slide 16: Ideally-positioned to benefit from digitalization & AI tailwinds

Slide 17: Complementary businesses with leadership positions

Slide 18: Key strategic partner to a diversified blue chip client base

Slide 19: Ecosystem of leading technology partnerships

Slide 20: Optimised delivery model leverages skilled and qualified workforce

Slide 21: Pioneer and recognized leader in social & corporate sustainability

Slide 22: Highly-experienced team focused on ongoing transformation

Slide 23: Highly experienced management team

Slide 24: FY2024E results consistent with safeguard process business plan

Slide 25: Strategy focused on growth and margin expansion

Slide 26: Significant ongoing focus on transformation & operational levers

Slide 27: Identified operational levers to enhance profitability

Slide 28: Transaction overview and timeline

Slide 29: Overview of capital increases

Slide 30: Transaction summary

Slide 31: Rights issue timetable and key milestones

Slide 32: A new chapter for Atos

Slide 33: Opportunity to participate in Atos' turnaround and future success

Slide 34: Q&A

Slide 35: Appendix

Slide 36: Projected net leverage trajectory under Atos Financial Restructuring Business Plan

Slide 37: Mutually reinforcing and mission-critical service proposition

Slide 38: Proprietary technologies

Slide 39: Differentiated industry leadership and integrated solutions driving competitive advantage

Slide 40: Thank you for your attention