Slide 1: 2020 full-year results
2020 full-year results ANALYST PRESENTATION February 25th, 2021 1
Slide 2: Today's speakers
Today’s speakers JEAN-LOUIS Angel Laurent Eric BOUCHARD BENGUIGUI ROUDIL BAZILE Chairman & CEO Managing Director Managing Director CFO Econocom - 2020 Full Year Results 2
Slide 3: Our agenda
01 The Group today OUR AGENDA 02 2020 results 03 2021 outlook
Slide 4: The Group today
01 The Group today
Slide 5: A decade of strong growth
A decade of strong growth 198 196 No dilution 2 980 2 927 2 927 2 536 2 559 CA x 3.4 2 316 2 093 ROC x 4.2 1 773 3 years of consolidation 1 584 1 538 -27 30 154 20 0 1 021 -31 -106 140 -39 126 118 111 122 759 89 95 67 74 -252 -252 47 -186 -185 -279 29 2009 2010 2011 2012 2013 2014 2015 2016 2017 201
Slide 6: Stock Exchange
Stock Exchange Number of shares: Equity table (1) – % of ownership and number of shares • 220,880,430 Treasury shares(2) Share price as of 11.6% / 25.6 M February 23rd, 2021: • 3.0€ Holding companies held by Mr. Bouchard Listing place: Free float 40.4% / 89.1 M • Euronext Brussels 48.0% / 106.1 M Ca
Slide 7: Success of the 2018-20 transformation plan
Success of the 2018-20 transformation plan articulated around 3 complementary pillars # 1 # 2 # 3 Savings Refocus Deleveraging «DRAKKAR »PLAN Disposals Simplifications Significant reduction 2019 BUSINESS INTERUPTION of Group’s NFD Plan initiated in 2018 › Jade, Rayonnance for the Services in France
Slide 8: 2020 results
0» 2020 — results
Slide 9: 2020 key figures
2020 key figures Revenue ROP(2) Operating FCF Excess Cash(3) €2,559 M €123 M €179 M -€20 M -11.3% (1) +2.2% (1) +189% -€272 M vs. 2019 vs. 2019 vs. 2019 vs. 2019 Activity Strong operational A delevered impacted by the resilience Group health crisis (1) On a like-for-like basis (2) Before amortizatio
Slide 10: DSS: increased profitability overall and back to growth in Q4
DSS: increased profitability overall Moderate decline(1) in 2020 and back to growth in Q4 revenue for Services (-7.6%) and Products & Solutions (-5.1%) Revenue(1) Back to growth(1) in Q4 Services Produits & Solutions 2020 (+4.6%) with virtually - stable revenue for Services 2020 €577 M €1,069 M €1,6
Slide 11: TMF: impacted by Covid-19
TMF: impacted by Covid-19 TMF revenue down 19.6% year-on-year Revenue(1) - Reduction in the volume of 2020 €913 M self-funded operations 19.6% 2019 €1,136 M Moderate decrease of €7 M in ROP Improvement of TMF Recurring operating profit (ROP)(1)(2) operating margin 4.1% - vs. 3.9% in 2019 2020 €37 M
Slide 12: €180 M of FCF generated in 2020
€180 M of FCF generated in 2020 +139 -51 High increase in FCF 2020 FCF: +€179 M generation vs. 2019 +6 +20 -252 › €107 M of operating +87 -29 cash flow -13 › €87 M of WCR improvement +53 +107 -25 €139 M of net proceeds from disposals NFD(1) Operating IFRS16 TMF WCR Financial CAPEX M&A(2) Treasurary
Slide 13: More than €270 M in deleveraging
More than €270 M in deleveraging Net Financial Debt (NFD)(1) and NFD /EBITDA Ratio Decrease in NFD 1.5x of €272 M vs. 2019 1.6x 1.4x High contribution of operating FCF (€179 M) and non-core asset disposals (€125 M) 279 252 252 Strong decrease in NFD/EBITDA ratio at -0.1x considering 2020 EBITDA at €
Slide 14: 2021 outlook
oo 2021 — outlook
Slide 15: Promising trends for all Econocom businesses
Promising trends for all Econocom businesses #1 #2 #3 Accelerating digitalization Public plans and rebound Focus on the environment & smart working in corporate investment and circular economy P&S Services TMF P&S Services TMF P&S TMF Econocom - 2020 Full Year Results 15
Slide 16: 2021 Objectives
2021 Objectives Back to Resume Continued organic external focus on cost growth growth monitoring Econocom - 2020 Full Year Results 16
Slide 17: Q&A
Q&A E c o n o c o m - 2 0 2 0 F 17 u l l Y e a r R e s u l t s
Slide 18: Appendices
Appendices E c o n o c o m - 2 0 2 0 F 18 u l l Y e a r R e s u l t s
Slide 19: Increased profitability despite Covid-19 impact
Increased profitability despite Covid-19 impact Revenue(1) 2020 revenue impacted by the pandemic 2020 €2,559 M - 11.3% ROP up(1) €3 M vs. 2019 2019 €2,886 M Increase in Group operating profitability from 4.2% to 4.8% Recurring operating profit (ROP) (1)(2) Acceleration of cost savings plan factoring
Slide 20: Increase in Net profit
Increase in Net profit (In €M) 2020 2019 Revenue 2,558 2,914 Recurring operating profit(1) 122.5 127.6 Increased in ROP on a like-for-like basis Recurring operating profit 120.4 125.6 despite decline Non-recurring operating incomes and expenses -36.2 -24.5 in revenue Operating profit 84.1 101,2 Incr
Slide 21: Simplified balance sheet
Simplified balance sheet ASSETS (IN €M) 31/12/2020 31/12/2019 EQUITY & LIABILITIES (IN €M) 30/12/2020 31/12/2019(1) Goodwill 500 513 Equity 473 484 Other non-current assets 230 234 Net Financial Debt -20 252 Assets related to leasing activities 361 404 Commitments on residual value 104 102 Residual
Slide 22: Net Financial Debt overview
Net Financial Debt overview(1) Net Financial Debt(1) - in €M 649 -156 -182 Short term debt -56 OCEANE -150 Euro PP -84 Schuldschein 20 Other Cash Net Cash (1) NFD: Net Financial Debt excluding impact of IFRS 16 on leases and rentals for which Econocom is a tenant Econocom - 2020 Full Year Results 22
Slide 23: P&S: at the center of evolving customer needs
P&S: at the center of evolving customer needs A full service offering to support products 2021 ADVISORY & PROCUREMENT focus Satellites Exaprobe Supportive trends Global European demand BIS Need to manage complexity PRODUCTS with associated services & SOLUTIONS BDF RECYCLING CUSTOMIZATION & IMPLEMENT
Slide 24: Services: focus on higher value-added
Services: focus on higher value-added Support end-to-end digital projects 2021 MODERN focus WORKPLACE Satellites Infeeny Mutualize the outsourcing model DMS between France, Belgium and Spain Alter way DATA CLIENTS APPLICATIONS Growth INTELLIGENCE in « Move to Cloud » and Nexica Data Intelligence Biz
Slide 25: TMF: back to growth
TMF: back to growth A business model at the heart of the circular economy 2021 NEW EQUIPMENT focus All kind of digital equipment High renewal rate Recruit new salespeople USED EQUIPMENT FINANCING › Re-selling Growth › Green offering throughout Europe M&A SERVICES in Germany › Technical and administr
Slide 26: Contacts
Contacts Contact Investor and shareholder Contact relations agency etienne.jacquet@econocom.com info@capvalue.fr Econocom - 2020 Full Year Results 26
Slide 27: Thank you
Thank you E c o n o c o m - 2 0 2 0 F 27 u l l Y e a r R e s u l t s