Bureau Veritas Sa · EURONEXT:BVI

Bureau Veritas Sa — H1 2026 Earnings Presentation

68 slides from Bureau Veritas Sa's earnings presentation, Jul 29, 2026

  1. Slide 1: H1 2026 Results

    H1 2026 July 29, 2026 RESULTS 1

  2. Slide 2: Disclaimer

    DISCLAIMER This presentation contains statements related to our future business and financial performance and future events or developments involving Bureau Veritas that may constitute forward-looking statements. These statements are based on current plans and forecasts of Bureau Veritas’ management

  3. Slide 3: Summary

    SUMMARY 01 02 03 04 05 HIGHLIGHTS LEAP | 28 PORTFOLIO FINANCIAL OUTLOOK BUSINESS UPDATE HIGHLIGHTS REVIEW 3

  4. Slide 4: Highlights

    Yo RETO Sel 2 aa LE _—— ac 0 1 « a 5 \ ‘ Highlights BUREAU VERITAS

  5. Slide 5: Key highlights: LEAP | 28 delivery on track

    KEY HIGHLIGHTS LEAP | 28 DELIVERY ON TRACK Solid H1 with a sequential organic growth improvement in Q2, as expected Significant progress on LEAP | 28 portfolio rotation : • Anchor acquisition in Mission Critical assets • Agreement signed to divest Oil & Petrochemicals and Coal testing and inspection

  6. Slide 6: Reliable delivery, portfolio rotation on track

    REVENUE • +5.0% organic growth in H1 2026, of which €3.3bn +5.5% in Q2 • +2.1% total growth and +4.8% at constant currency H1 2026 A D J U S T E D O P E R AT I N G P R O F I T RELIABLE • +3.1% y/y D ELIVERY €506.5m • Adjusted operating margin of 15.5%, +15bps y/y and +29bps at constant currency - PO

  7. Slide 7: Sequential quarterly organic growth acceleration

    SEQUENTIAL QUARTERLY ORGANIC GROWTH ACCELERATION MULTIPLE LEVERS POWERING PORTFOLIO GROWTH BROAD ORGANIC GROWTH ACROSS GEOGRAPHIES ORGANIC REVENUE GROWTH BY PRODUCT LINE IN PERCENTAGE OF GROUP REVENUE LOW-SINGLE-DIGIT MID-SINGLE-DIGIT HIGH-SINGLE TO DOUBLE-DIGIT Middle East & Africa B&I +8,7% > +40.

  8. Slide 8: LEAP | 28 update

    Pe rfo lue Oper rm io ze va ati ol tim i pact and onal Op nd im an fu le sca nctio ver tf a ce or lab n a ilit a dP ge led y lds l stro ew ho Focuse N ng exec Inn ution 02. ovat Sustainability e ship nd ion r Expa lead N e LEAP | 28 d ew nt “ e in g ec m o a u g o rk sk n o m y “ Tec h w il l s of w

  9. Slide 9: LEAP | 28 portfolio rotation

    LEAP | 28 PORTFOLIO ROTATION Year-to-date 2026 Since the launch of LEAP | 28 Expand Leadership 4 acquisitions c. €136m LotusWorks (B&I) bolt-ons: SCS, Verte, and ADS COM (B&I) 297 Expand Leadership Acquisitions New Strongholds 1 divestment c. €39m c. €413m Optimize Value and Impact Non-core construc

  10. Slide 10: LEAP | 28 active portfolio management

    LEAP | 28 ACTIVE PORTFOLIO MANAGEMENT DIVESTMENT OF OIL & PETROCHEMICALS AND COAL ACTIVITIES Oil & Petrochemicals and Coal activities • Below group average growth and margin • Proceeds to be redeployed to higher-growth and higher-margin businesses Expand leadership in existing strongholds Create new

  11. Slide 11: Evolving our reporting

    EVOLVING OUR REPORTING FROM SIX TO FOUR REPORTING LINES CURRENT REPORTING NEW REPORTING1 6 REPORTING LINES 4 REPORTING LINES 1 Evolving market drivers MARINE & OFFSHORE INDUSTRIALS & COMMODITIES 2 LEAP | 28 portfolio rotation progress AGRI-FOOD & COMMODITIES BUILDINGS & 3 Full alignment with current

  12. Slide 12: Reporting aligned with the organization

    REPORTING ALIGNED WITH THE ORGANIZATION • Energy & Industrial assets INDUSTRIALS & 37% COMMODITIES • Commodities – Metals & Minerals, Agriculture • Marine & Offshore BUILDINGS & • Buildings 36% 37% INFRASTRUCTURE • Infrastructure BUSINESS • Certification Solutions 10% ASSURANCE • Digital Assurance1

  13. Slide 13: Portfolio business highlights

    03. Portfolio business highlights 13

  14. Slide 14: Marine & Offshore

    Key H1 2026 figures LEAP | 28 MARINE & Divisional revenue Organic Revenue Growth ▪ New revenue stream OFFSHORE 51% • New Construction: strong double-digit › Launch of an Offshore Center of Excellence in Asia Pacific to support the accelerating development of offshore oil & gas and 9% OF H1 GROUP REV

  15. Slide 15: Agri-Food & Commodities

    Key H1 2026 figures LEAP | 28 AGRI-FOOD & Divisional revenue Organic Revenue Growth ▪ Focused portfolio COMMODITIES 32% • Oil & Petrochemicals: low single-digit contraction › Optimize Value and Impact: divestment of the Oil & Petrochemicals and Coal Testing and • Metals & Minerals: double-digit Insp

  16. Slide 16: Industry

    Key H1 2026 figures LEAP | 28 INDUSTRY Divisional revenue Organic Revenue Growth Contract highlights 34% 21% OF H1 GROUP REVENUE • Oil & Gas: low single-digit (Capex: double-digit) ▪ O&G Capex • Power & Utilities: slight contraction 16% • Industrial Product Certification: high single-digit › Secured

  17. Slide 17: Buildings & Infrastructure

    Key H1 2026 figures LEAP | 28 BUILDINGS & Divisional revenue Organic Revenue Growth ▪ Focused portfolio INFRASTRUCTURE 39% • Capex Building: double-digit › Four B&I acquisitions in line with LEAP | 28 B&I portfolio development strategy 31% OF H1 GROUP REVENUE • Opex Building: mid single-digit 42% •

  18. Slide 18: Certification

    Key H1 2026 figures LEAP | 28 CERTIFICATION Divisional revenue Organic Revenue Growth ▪ Cross selling 9% OF H1 GROUP REVENUE 53% › Successful cross selling of industrial • QHSE & Specialized Schemes: low single-digit cybersecurity services to a hyperscaler • Sustainability* & Digital**: high single-

  19. Slide 19: Consumer Products Services

    Key H1 2026 figures LEAP | 28 CONSUMER Divisional revenue Organic Revenue Growth ▪ Focused portfolio PRODUCTS • Softlines, Hardlines, Toys: low-to-mid single-digit 48% › Acquisition of IPS Corporation, expanding the • Healthcare*: low single-digit Group’s technology testing platform in Japan SERVICE

  20. Slide 20: Financial review

    04. Financial review 20

  21. Slide 21: Solid first half 2026 results aligned with LEAP | 28

    SOLID FIRST HALF 2026 RESULTS ALIGNED WITH LEAP | 28 ORGANIC REVENUE GROWTH +5.0% With a sequential improvement in Q2 organic revenue growth as expected ADJUSTED OPERATING MARGIN 15.5% Margin up +29 basis points at constant currency ADJ. EARNINGS PER SHARE GROWTH 0.68€ EPS growth led by operating pe

  22. Slide 22: H1 2026 total revenue growth of 2.1%

    H1 2026 TOTAL REVENUE GROWTH OF 2.1% REVENUE EVOLUTION VARIATION ANALYSIS In € million +4.8% at constant currency +5.0% (0.2)% (2.7)% 3,258.4 3,192.5 François H1 2025 Organic 1 Scope Currency H1 2026 (1) Alternative performance indicators are presented, defined and reconciled with IFRS in appendix o

  23. Slide 23: Q2 2026 total revenue growth of 4.7%

    Q2 2026 TOTAL REVENUE GROWTH OF 4.7% REVENUE EVOLUTION VARIATION ANALYSIS In € million +5.3% at constant currency +5.5% (0.2)% (0.6)% 1,711.4 1,633.8 François Q2 2025 Organic 1 Scope Currency Q2 2026 (1) Alternative performance indicators are presented, defined and reconciled with IFRS in appendix o

  24. Slide 24: Revenue growth by business

    REVENUE GROWTH BY BUSINESS % of H1 revenue H1 2026 Growth Q2 2026 at cc 31% Buildings & Infrastructure +8.7% +0.2% +8.9% (0.6)% +10.2% 21% Industry +1.0% +2.3% +3.3% +1.2% +2.3% 18% Agri-Food & Commodities (4.2)% +3.3% (0.9)% (3.7)% +4.4% 12% Consumer Products (0.3)% +5.1% +4.8% +5.7% +0.1% 9% Marin

  25. Slide 25: Adjusted operating margin (1/2)

    ADJUSTED OPERATING MARGIN (1/2) GROUP MARGIN EVOLUTION 29bps at constant currency 7bps 22bps (14)bps • Operational leverage • Cost containment • Largely François 15.7% 15.4% 15.5% offsetting the Middle East impact Margin at H1 2025 Organic1 Scope Currency H1 2026 constant currency (1) Alternative pe

  26. Slide 26: Adjusted operating margin (2/2)

    ADJUSTED OPERATING MARGIN (2/2) GROUP MARGIN EVOLUTION Total Organic Scope Currency H1 2026 H1 2025 (1) change y/y (bp) y/y (bp) y/y (bp) y/y (bp) Marine & Offshore 26.3% 23.6% +267bps +323bps - (56)bps Agri-Food & Commodities 13.3% 14.3% (101)bps (146)bps +31bps +14bps Industry 12.2% 13.1% (99)bps

  27. Slide 27: H1 2026 key financial metrics

    H1 2026 KEY FINANCIAL METRICS FINANCIAL HIGHLIGHTS Change Change IN EUR MILLION H1 2026 H1 2025 y/y at constant y/y currency Revenue 3,258.4 3,192.5 +2.1% +4.8% Adjusted operating profit1 506.5 491.5 +3.1% +6.7% Adjusted operating margin1 15.5% 15.4% +15bps +29bps Operating profit 430.8 513.1 (16.0)

  28. Slide 28: Cash flow generation

    CASH FLOW GENERATION A CONTINUED STRONG MANAGEMENT OF WORKING CAPITAL IN THE FIRST HALF OF 2026 IN EUR MILLION H1 2026 H1 2025 9,8% Adjusted Operating Profit 506.5 491.5 8,8% 9,0% Restructuring cash-out (12.3) (6.0) Depreciation & Amortization 116.0 108.6 6,8% 6,8%* Change in Net Working Capital (22

  29. Slide 29: New H1 2026 reporting structure (illustrative)

    NEW H1 2026 REPORTING STRUCTURE (ILLUSTRATIVE) Revenue Organic growth AOP AOP Margin in €m in % in €m in % INDUSTRIALS & COMMODITIES 1,103.5 3.8% 166.4 15.1% 37% BUILDINGS & 1,026.1 8.7% 136.9 13.3% INFRASTRUCTURE BUSINESS 285.7 1.9% 43.9 15.4% ASSURANCE François PRODUCT TESTING 522.4 5.6% 111.0 21.

  30. Slide 30: Outlook

    | BUREAU VERITAS

  31. Slide 31: Upgraded 2026 outlook

    UPGRADED 2026 OUTLOOK POST DISPOSAL OF ACTIVITIES PLANNED FOR EXIT Bureau Veritas continues to rotate its portfolio and to execute the LEAP | 28 strategy. Based on a solid first- half performance, a robust pipeline and the ongoing portfolio reshaping, including the planned exit from Oil & Petrochemi

  32. Slide 32: Closing remarks

    CLOSING REMARKS › Solid delivery in H1 with growth acceleration in the second quarter › LEAP | 28 execution on track with good progress with our portfolio pivots › Fully committed to our 2028 financial ambitions › September CMD to outline the accelerated portfolio pivot and next phase of value creat

  33. Slide 33: Save the date: Capital Markets Day

    S AV E T H E D AT E CAPITAL MARKETS DAY LEAP | 28 STRATEGY UPDATE TUESDAY, 22 SEPTEMBER 2026 17 Place du Trocadéro at Musée de la Marine 75116 Paris, France 33

  34. Slide 34: Questions & Answers

    QUESTIONS & ANSWERS H 1 2 0 2 6 R E S U L T S 34

  35. Slide 35: 2026 & 2027 financial calendar

    2026 & 2027 FINANCIAL CALENDAR Our information is certified with blockchain technology. AGENDA Check that this presentation is genuine at www.wiztrust.com › Capital Markets Day: September 22, 2026 › Q3 2026 revenue: October 21, 2026 › FY 2026 results: February 25, 2027 › Q1 2027 revenue: April 22, 2

  36. Slide 36: Contacts

    CONTACTS I N V E S T O R R E L AT I O N S D E PA R T M E N T BUREAU VERITAS SA - TOUR ALTO 14 RUE LOUIS BLANC, 92 400 COURBEVOIE Laurent Brunelle Head of Investor Relations, Financial Communication and Non-Financial Rating Agencies +33 (0) 7 79 52 69 21 laurent.brunelle@bureauveritas.com Colin Verbr

  37. Slide 37: Appendix

    06. Appendix® BUREAU VERITAS

  38. Slide 38: Bureau Veritas awards

    BUREAU VERITAS AWARDS 2026 EXTEL DEVELOPED EUROPE EXECUTIVE SURVEY1 Bureau Veritas has been highly recognized in Extel’s Developed Europe Executive survey among c.60 companies in the Business and Employment services sector, with 7 awards out of 8: BEST CEO: TOP 1 BEST CFO: TOP 1 BEST IR TEAM: TOP 1,

  39. Slide 39: Bureau Veritas awards

    BUREAU VERITAS AWARDS 2026 TRANSPARENCY AWARD1 - BEST 2025 URD Bureau Veritas has been awarded the 2026 Transparency Award for Best Universal Registration Document 2025, recognizing excellence in financial, non-financial, and sustainability reporting. BENCHMARK IN FRENCH FINANCIAL MARKET › Assessed

  40. Slide 40: CSR commitment maintained in H1 2026

    CSR COMMITMENT MAINTAINED IN H1 2026 › Bureau Veritas renewed its commitment to the 2028 United Nations Global Compact, reaffirming H1 2025 H1 2026 target the integration of responsible business Scope 1 & 2 CO2 emissions practices and sustainability principles across 131 123 107 (in thousand tons)1

  41. Slide 41: Bureau Veritas aims to be the leader in non-financial ratings

    BUREAU VERITAS AIMS TO BE THE LEADER IN NON-FINANCIAL RATINGS Main ratings to nurture reputation with clients and trust with investors August 2025 August 2025 December 2025 October 2025 November 2025 July 2026 41

  42. Slide 42: Current vs new reporting: from 6 to 4 reporting lines

    CURRENT VS NEW REPORTING: FROM 6 TO 4 REPORTING LINES % of business breakdown NEW REPORTING: 4 REPORTING LINES CURRENT REPORTING: 6 REPORTING LINES 37% Energy & Industrial assets – All industry (excl. IPC) INDUSTRIALS & 1 MARINE & OFFSHORE COMMODITIES Commodities – Metals & Minerals, Agriculture Mar

  43. Slide 43: Reporting changes

    REPORTING CHANGES H1 26 Organic Adjusted Operating 37% Revenue Growth Margin Euros in €m Marine & Offshore Metals & Low double- In line with the AFC INDUSTRIALS Minerals 192.3 digit divisional margin & Commodities COMMODITIES Energy & Agriculture Low-single Below the AFC 60.1 digit decline divisiona

  44. Slide 44: Portfolio rotation goal achieved

    PORTFOLIO ROTATION GOAL ACHIEVED CPS Certification Buildings & Infra. Buildings & Infra. Certification CPS Buildings & Infra. Technology Cybersecurity Capex & Opex Capex & Opex Cybersecurity Sustainability Capex & Opex › Security Innovation › IDP Group › Contec › IFCR › Spin 360 › LotusWorks › Hi Ph

  45. Slide 45: LotusWorks

    LOTUSWORKS DOUBLING OUR EXPOSURE TO MISSION CRITICAL ASSETS Overview Combined platform service offering – by key end markets Leading provider of commissioning and technical Commissioning & services1 to Mission Critical Assets construction Opex activities3 services2 LotusWorks 750 35+ Data centers pe

  46. Slide 46: Portfolio of business

    PORTFOLIO OF BUSINESS REVENUE BY BUSINESS ADJUSTED OPERATING PROFIT Marine & Offshore Marine & Offshore 12% 9% 15% 18% Agri-Food & Commodities Agri-Food & Commodities 9% 18% Industry Industry 9% 15% H1 2026 H1 2026 Buildings & Infrastructure Buildings & Infrastructure Certification Certification 31%

  47. Slide 47: H1 2026 revenue by business

    H1 2026 REVENUE BY BUSINESS REVENUE AND YEAR-ON-YEAR REVENUE GROWTH BREAKDOWN OF REVENUE €M Organic Scope Currency Marine & Offshore Marine & Offshore 293.6 +8.7% - (3.1)% 12% 9% Agri-Food & Commodities Agri-Food & Commodities 578.1 +3.3% (4.2)% (1.3)% 9% 18% Industry Industry 675.1 +1.0% +2.3% (3.9

  48. Slide 48: H1 2026 revenue evolution by geography

    H1 2026 REVENUE EVOLUTION BY GEOGRAPHY REVENUE BY GEOGRAPHIC AREA REVENUE EVOLUTION BY NATURE Africa, Middle East Organic Scope Americas 10% +3,6% +7,6% 25% +4,6% H1 2026 37% +3,4% +3,5% Europe (0,3)% (0.9)% (4,1)% 28% Americas Asia Pacific Europe Africa, Middle East Asia Pacific 48

  49. Slide 49: Q2 2026 revenue by business

    Q2 2026 REVENUE BY BUSINESS REVENUE AND YEAR-ON-YEAR REVENUE GROWTH BREAKDOWN OF REVENUE €M Organic Scope Currency Marine & Offshore Marine & Offshore 149.7 +6.3% - (0.7)% 13% 9% Agri-Food & Commodities Agri-Food & Commodities 299.8 +4.4% (3.7)% +1.3% 9% 17% Industry Industry 351.9 +1.2% +2.3% (1.0)

  50. Slide 50: Q2 2026 revenue evolution by geography

    Q2 2026 REVENUE EVOLUTION BY GEOGRAPHY REVENUE BY GEOGRAPHIC AREA REVENUE EVOLUTION BY NATURE Africa, Middle East Organic Scope 10% Americas +3,2% +2,8% 25% Q2 2026 36% +7,3% +4,9% +5,6% Europe +1,5% (1,2)% 29% Americas Asia Pacific Europe Africa, Middle East Asia Pacific 50

  51. Slide 51: Adjusted operating profit by business

    ADJUSTED OPERATING PROFIT BY BUSINESS Adjusted operating profit (€M) Adjusted operating margin (%) Change Change H1 2026 H1 2025(1) H1 2026 H1 2025(1) (%) (bp) Marine & Offshore 77.2 65.7 +17.6% 26.3% 23.6% +267bps Agri-Food & Commodities 77.0 84.7 (9.1)% 13.3% 14.3% (101)bps Industry 82.3 89.5 (8.1

  52. Slide 52: Consolidated income statement

    CONSOLIDATED INCOME STATEMENT IN EUR MILLION H1 2026 H1 2025 Revenue 3,258.4 3,192.5 Service costs rebilled to clients 102.8 101.9 Revenue and services costs rebilled to clients 3,361.2 3,294.4 Purchase and external charges (1,005.8) (987.0) Personnel costs (1,721.1) (1,711.7) Taxes other than on in

  53. Slide 53: Consolidated statement of financial position

    CONSOLIDATED STATEMENT OF FINANCIAL POSITION IN EUR MILLION JUNE 30, 2026 DEC. 31, 2025 IN EUR MILLION JUNE 30, 2026 DEC. 31, 2025 Goodwill 2,179.0 2,273.7 Share capital 54.5 54.5 Intangible assets 321.3 393.4 Retained earnings and other reserves 1,603.5 1,656.5 Property, plant and equipment 349.9 3

  54. Slide 54: Consolidated statement of cash flow (1/2)

    CONSOLIDATED STATEMENT OF CASH FLOW (1/2) IN EUR MILLION H1 2026 H1 2025 Profit before income tax 374.6 456.7 Elimination of cash flows from financing and investing activities 39.9 (110.4) Provisions and other non-cash items 55.1 106.7 Depreciation, amortization and impairment 139.4 134.7 Movements

  55. Slide 55: Consolidated statement of cash flow (2/2)

    CONSOLIDATED STATEMENT OF CASH FLOW (2/2) IN EUR MILLION H1 2026 H1 2025 Capital increase 8.4 12.2 Purchases/sales of treasury shares 0.5 (192.5) Dividends paid (427.7) (25.5) Increase in borrowings and other debt 1.0 210.2 Repayments of borrowings and other debt (3.4) (503.6) Repayment of debts and

  56. Slide 56: Adjusted net financial debt

    ADJUSTED NET FINANCIAL DEBT IN EUR MILLION JUNE 30, 2026 DEC. 31, 2025 JUNE 30, 2025 Non-current borrowings and financial debt 1,890.7 2,389.9 1,893.1 Current borrowings and financial debt 740.3 229.9 229.0 Gross financial debt 2,631.0 2,619.8 2,122.1 Total cash and cash equivalents (942.1) (1,366.1

  57. Slide 57: Earnings per share

    EARNINGS PER SHARE IN EUR MILLIONS H1 2026 H1 2025 FY 2025 Basic EPS 0.54 0.72 1.32 Basic adjusted EPS 0.68 0.65 1.42 Weighted average number of shares 443,849,323 447,541,814 445,559,723 Diluted EPS 0.53 0.71 1.31 Diluted adjusted EPS 0.68 0.65 1.41 Weighted average number of shares for diluted 447

  58. Slide 58: H1 2026 restructuring: €9.6 million

    H1 2026 RESTRUCTURING: €9.6 MILLION BY BUSINESS BY GEOGRAPHY Asia Pacific Agri-Food & Commodities 16% 19% Europe Industry 28% 8% 49% Buildings & Infrastructure Certification 17% 7% Consumer Products Americas 56% 58

  59. Slide 59: A robust financial structure

    A ROBUST FINANCIAL STRUCTURE LONG-TERM RATING AND RATED BOND ISSUANCES DEBT MATURITY PROFILE AS OF JUNE 30, 2026 A3 rating stable outlook › No new bond issuance completed in H1 2026 700 31 500 500 500 DEBT BREAKDOWN 200 200 8%1% Bonds Euro 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 US Pr

  60. Slide 60: Currency mix in H1 2026

    CURRENCY MIX IN H1 2026 REVENUE CURRENCY EXPOSURE CURRENCY CHANGE (YEAR ON YEAR) OTHER 17,7% USD* (6,3)% EUR 31,3% KRW 1,2% CNY (1,0)% AUD +3,7% SGD 1,3% GBP (2,5)% JPY 1,3% BRL +4,5% SAR* 1,8% CAD (4,2)% INR 2,0% H1 2026 CLP +0,2% HKD* (6,7)% AED* 2,1% AED* (6,3)% HKD* 2,2% INR (13,4)% CLP 2,3% CAD

  61. Slide 61: Definition of alternative performance indicators (1/5)

    DEFINITION OF ALTERNATIVE PERFORMANCE INDICATORS AND RECONCILIATION WITH IFRS (1/5) INTRODUCTION ORGANIC GROWTH (1/2) The management process used by the Bureau Veritas Group is based on a The Group internally monitors and publishes “organic” revenue growth, which series of alternative performance in

  62. Slide 62: Definition of alternative performance indicators (2/5)

    DEFINITION OF ALTERNATIVE PERFORMANCE INDICATORS AND RECONCILIATION WITH IFRS (2/5) ORGANIC GROWTH (2/2) SCOPE EFFECT Organic revenue growth represents the percentage of revenue growth, To establish a meaningful comparison between reporting periods, the impact presented at Group level and for each b

  63. Slide 63: Definition of alternative performance indicators (3/5)

    DEFINITION OF ALTERNATIVE PERFORMANCE INDICATORS AND RECONCILIATION WITH IFRS (3/5) Adjusted operating profit and adjusted operating margin are key indicators used to Since a measurement period of 12 months is allowed for determining the fair value measure the performance of the business, excluding

  64. Slide 64: Definition of alternative performance indicators (4/5)

    DEFINITION OF ALTERNATIVE PERFORMANCE INDICATORS AND RECONCILIATION WITH IFRS (4/5) ADJUSTED EFFECTIVE TAX RATE ADJUSTED ATTRIBUTABLE NET PROFIT PER SHARE The effective tax rate (ETR) represents income tax expense divided by the Adjusted attributable net profit per share (adjusted EPS or earnings pe

  65. Slide 65: Definition of alternative performance indicators (5/5)

    DEFINITION OF ALTERNATIVE PERFORMANCE INDICATORS AND RECONCILIATION WITH IFRS (5/5) FREE CASH FLOW FINANCIAL DEBT Free cash flow represents net cash generated from operating activities Gross debt (or gross finance costs/financial debt) represents loans and (operating cash flow), adjusted for the fol

  66. Slide 66: Glossary

    GLOSSARY Operating Profit (AOP) excludes amortization of acquisition intangibles, goodwill IoT: Internet of Things impairment, restructuring, acquisition and disposal-related items (adjustment items) IMO: International Maritime Organization ASR: Accident Severity Rate LNG: Liquefied Natural Gas Adju

  67. Slide 67: Ownership and market data at June 30, 2026

    OWNERSHIP AND MARKET DATA AT JUNE 30, 2026 SHAREHOLDING STRUCTURE MARKET DATA Wendel group1 • Listed on Euronext-Paris Blackrock • Ticker: BVI • ISIN: FR0006174348 21.4% Executive Committee & Employees • IPO on October 2007: €9.44/share Treasury shares • Share Price1: €26.78 Free float • Market Cap.

  68. Slide 68: www.bureauveritas.com

    BUREAU VERITAS Shaping a World of Trust WWW.BUREAUVERITAS.coM ffi

Bureau Veritas — H1 2026 Earnings Presentation on 6ix