Slide 1: Q2 2024 Revenue
Solutions30 Solutions for New Technologies Q2 2024 REVENUE 24 JULY 2024
Slide 2: Disclaimer
DISCLAIMER This presentation, the presentation materials and discussion may contain certain forecasts, projections and forward-looking statements – that is statements related to future, not past, events – in relation to, or in respect of, the financial condition, operations or businesses of Solution
Slide 3: Today's Presenters
TODAY’S PRESENTERS Gianbeppi Fortis Amaury Boilot Jonathan Crauwels Chief Executive Officer Group General Secretary Chief Financial Officer 3
Slide 4: Q2 2024 Highlights
Q2 2024 Highlights Gianbeppi Fortis, CEO 4
Slide 5: Q2 2024 Highlights
Q2 2024 HIGHLIGHTS Q2 2024 revenue: € 252m Down -4.5% year-on-year Revenue broadly flat in H1, at € 517m Reduced exposure to some telecom contracts where margins were lagging behind Group standards in France and Spain Focus on margins over volumes Delays in ramp up of fiber deployment in Belgium Due
Slide 6: -4.5% Revenue Decrease in Q2 2024
-4.5% REVENUE DECREASE IN Q2 2024 € -11.8m (-4.5%) Organic change: € -12.4m (-4.7%) 263.8 -1.0 +0.6 252.0 -7.7 255.3 -3.7 -1.1% -7.8% -5.4% Q2 2023 Benelux France Other Acquisitions Q2 2024 revenue Countries France revenue In millions of euros 6
Slide 7: Revenue Evolution Reflecting Reduced Exposure to Less Profitable Contracts
REVENUE EVOLUTION REFLECTING REDUCED EXPOSURE TO LESS PROFITABLE CONTRACTS IN FRANCE AND SPAIN, AS WELL AS DELAYS IN BENELUX Increased selectivity Delays in fiber Development priorities Reduced exposure to deployment ramp-up Strong profitable growth drivers telecom contracts where in Q2; wait-and-se
Slide 8: Continued Diversification into Energy Activities
CONTINUED DIVERSIFICATION INTO ENERGY ACTIVITIES SUCCESSFUL REPLICATION OF SOLUTIONS30’S BUSINESS MODEL Continued strong growth in Energy Solutions30 gradually emerges as a key player in Energy services in Europe +29.5% 35.8 27.6 Belgium: Solutions30 France: expanding Germany: Solutions30 supports t
Slide 9: H1 Revenue Broadly Stable at €517 M
H1 REVENUE BROADLY STABLE AT €517 M Group Benelux France Other Countries -0.4% +9.4% -5.4% -5.8% 519.1 517.0 196.8 199.4 188.6 180.0 139.7 131.6 H1 2023 H1 2024 H1 2023 H1 2024 H1 2023 H1 2024 H1 2023 H1 2024 H1 revenue figures expressed in millions of euros; % represent year-on-year revenue growth,
Slide 10: Q2 2024 Details per Region and Activity
Q2 2024 Details per region and activity Jonathan Crauwels, CFO Amaury Boilot, Group General Secretary
Slide 11: Benelux: -1.1% Decrease Against a High Comparison Basis
BENELUX: -1.1% DECREASE AGAINST A HIGH COMPARISION BASIS IMPACT FROM DELAYS IN FIBER DEPLOYMENT RAMP-UP Connectivity: delayed ramp-up of fiber deployment caused by -1.1% wait-and-see attitude from Belgian telecom operators ▪ Negotiations between operators on possible streamlining of deployment opera
Slide 12: France: Increased Selectivity Prompts -7.2% Revenue Decrease
FRANCE: INCREASED SELECTIVITY PROMPTS -7.2% REVENUE DECREASE FOCUS ON MARGINS OVER VOLUMES Connectivity: increased selectivity translates into -13.6% revenue -7.2% decrease in Q2 ▪ Reduced exposure to some telecom contracts where margins were lagging behind 97.8 Group’s standards Energy 90.7 9,8 +55
Slide 13: Accelerating Growth in Germany
ACCELERATING GROWTH IN GERMANY GRADUAL RAMP-UP OF FIBER ACTIVITIES HAS STARTED Germany revenue (€m) Solutions30 continues to invest in its capabilities in Germany with the acquisition of Gaertner’s activities +36.4% Strengthening home connect and maintenance capacities 19.7 Enabling management of tu
Slide 14: Other Countries: Contrasted Revenue Trends
OTHER COUNTRIES CONTRASTED REVENUE TRENDS Total revenue: € 65.1m in Q2, down -5.4% (stable excl. Italy) Germany Poland Italy Spain UK +36.4% +15.2% -20.9% -27.3% -30,7% In millions of euros 19,7 17,6 14,3 14,4 13,9 13,9 12 10,4 10,5 7,3 Q2 2023 Q2 2024 Q2 2023 Q2 2024 Q2 2023 Q2 2024 Q2 2023 Q2 2024
Slide 15: Outlook
OUTLOOK Gianbeppi Fortis, CEO 15
Slide 16: Full-Year Outlook Revised
FULL-YEAR OUTLOOK REVISED BENELUX ▪ Ramp-up of fiber activities to remain slowed down in H2 by current wait-and-see attitude from operators ▪ Impact of local elections in October will be kept limited thanks to efficient planning FRANCE Solutions30 now expects, for the whole of 2024: ▪ Selectivity me
Slide 17: Save the Date: 2024 Capital Markets Day
SAVE THE DATE Solutions30’s 2024 Capital Markets Day September 26 in Paris If you wish to participate, please contact investor.relations@solutions30.com 17
Slide 18: Q&A and Next Events
Q&A PLEASE TYPE IN YOUR QUESTION NEXT EVENTS: BY USING THE BUTTON ON THE READER • 18 July 2024: H1 results • 26 September 2024: Capital Markets Day in Paris 18
Slide 19: www.solutions30.com
21 rue du Puits Romain L-8070 Bertrange, Grand Duchy of Luxembourg Investor.relations@solutions30.com Solutions 30 is listed on Euronext Paris Mnemo: S30 | Index: SBF120 www.solutions30.com
Slide 20: Appendix
Appendix Solutions30 Solutions for New Technologies
Slide 21: Q2 2024 Revenue Breakdown by Segment and by Geography
Q2 2024 REVENUE BREAKDOWN BY SEGMENT AND BY GEOGRAPHY Q2 2024 revenue by segment Q2 2024 revenue by geography 24.6 65.1 -8.3% -5.4% 191.3 90.7 Total: -8.6% Total: -7.2% 252.0 252.0 35.8 -4.5% -4.5% +29.5% 96.1 -1.1% Connectivity Energy Technology France Other Countries Benelux Revenue figures expres
Slide 22: H1 2024 Revenue Breakdown by Segment and by Geography
H1 2024 REVENUE BREAKDOWN BY SEGMENT AND BY GEOGRAPHY H1 2024 revenue by segment H1 2024 revenue by geography 50.0 131.6 -9.4% -5.8% 396.6 188.6 Total: -3.1% Total: -5.4% 517.0 517.0 70.4 -0.4% -0.4% +28.5% 196.8 +9.4% Connectivity Energy Technology France Other Countries Benelux Revenue figures exp