Slide 1: 2023 Highlights
29.02.2024 = ui 2 > —a = © — (1 ON - Wi © nL OA
Slide 2: Financial Results
SUMMARY a) (2) ey FINANCIAL RESULTS
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Slide 4: Full-Year Results 2023 Highlights: Unprecedented Results
FULL-YEAR RESULTS 2023 = HIGHLIGHTS: UNPRECEDENTED RESULTS A \ CUSTOMERS AT THE HEART OF OUR STRATEGY LeShuttle: improving our service offering (rebranding, new booking site, smart border, loyalty programme...) Elec! strong operating performance Europorte: resilience and selective growth WE ARE PREP
Slide 5: Historic Results for the Group
HISTORIC RESULTS FOR THE GROUP EBITDA GENERATION DRIVEN BY ELECLINK CONTRIBUTION EBITDA GENERATION €979M* (+11% vs 2022) <979M €881M Group HISTORIC LEVEL OF EBITDA 588 582 €638M** Free cash flow 2020" 2023 Eurotunnel mEuroporte mElecLink OUTSTANDING FREE CASH FLOW GENERATION FULL-YEAR RESULTS 2023 D
Slide 6: Market Share
MARKET SHARE: CAR MARKET SHARE:
Slide 7: LeShuttle Commercial Service Improvements
(vs 34 in 2022) *Net Promoter Score • Full of LeShuttle commercial service • through new booking website & webapp • Refreshed in the UK Passenger Terminal Building
Slide 8: Reinforcing Our Strengths in a Very Competitive Market
REINFORCING OUR STRENGTHS IN A VERY COMPETITIVE MARKET COMPETITIVE INTENSITY AND ADVERSE CONTEXT REACHED A PEAK IN 2023 n the Short Straits are els applicable to FASTER: pre-Brexit journey time A16 <--> M20 ships sailing under British and French flag . ” ~ SAFER: secure parking areas off the motorwa
Slide 9: Eurotunnel: Quality of Service and Value Optimisation
EUROTUNNEL: QUALITY OF SERVICE AND VALUE OPTIMISATION REMAIN OUR PRIORITIES % Shuttle yield FY 2022 - FY 2023 Normalisation of booking patterns but mix (®) Lemar eurenerge (BUA) ats laciusen (@) skewed towards premium & flexible tickets January and August lowered to €28 between September and Decembe
Slide 10: Strict Cost & Inflation Management
STRICT COST & INFLATION MANAGEMENT (2 INFLATION & RISING elt) ENERGY COST Levels of inflation in the UK and Europe remained considerably elevated in 2023 sy de ux 7.3% CPI 9.7% RPI () FRANCE 4.9% CPI Electricity costs (€/MWh) 743 wh | J V ” Ban Wht, 2021 2022 2023 FULL-YEAR RESULTS 2023 = Freedom to
Slide 11: Building on a Dynamic Cross-Channel Rail Market
BUILDING ON A DYNAMIC CROSS-CHANNEL RAIL MARKET EUROSTAR Growth ambition — double passenger traffic to 30 million passengers in 2030 NEW ENTRANTS Evolyn intends to launch a high-speed rail service between the UK and mainland Europe from 2025. Heuro unveiled plans to connect Amsterdam, Brussels and L
Slide 12: ElecLink: An Exceptional 2023 Year
ELECLINK: AN EXCEPTIONAL 2023 YEAR EXCELLENT OPERATING PERFORMANCE IN 2023 REVENUES €M 8 3 49 4 413 ool 2022+ 2023 ™Auctions Capacity Markets = Ancillary Outstanding operating performance in 2023 * Availability of the asset >98% + A buoyant electricity market + €558M revenue o/w €501M auction revenu
Slide 13: Europorte: Resilience and Selective Growth
EUROPORTE: RESILIENCE AND SELECTIVE GROWTH €1 50 M REVENUE (+9% vs FY 22) €29M EBITDA (stable vs 2022) Resilience in a market impacted by multiple French rail network operator strikes and high energy costs FULL-YEAR RESULTS 2023 ~ 29022028 ——12_ GETLINK
Slide 14: Efficient Execution of Our Capital Investment Programme
EFFICIENT EXECUTION OF OUR CAPITAL INVESTMENT PROGRAMME PASSENGER SHUTTLE €159M 2023 CAPEX REFURBISHMENT Spent in 2023* €51M We reinforce our competitive advantages and improve our quality of service *Before €21M public subsidy received for Brexit related capex cuncvenrresursa — &) 2.022024 0} GETLI
Slide 15: Improving Our ESG Metrics...
IMPROVING OUR ESG METRICS... WE CONTINUE TO STRENGTHEN OUR POSITIONING WHILE ESG IS BECOMING A CONSTRAINT FOR OUR COMPETITORS GHG REDUCTION REACHED 23,5% IN 2023 (VS 2019) 70000 60000 soon WE EXCEEDED OUR TARGET FOR 40000 A BETTER REPRESENTATION 30000 OF WOMEN 20000 We continue to increase the 55% 1
Slide 16: ...and Sharing Our Convictions
.» AND SHARING OUR CONVICTIONS Our ¢) , Getlink orga decarbonised (e) 7! ‘Climate Talks” margin: EBITDA ci» : ermine on” mate actions: what impact on pital? Carbon price €/tonne CO, ¢) €201 «197 Consolidated EBITDA €979M €881M 100% Carbon emissions Scopes 1+2 43,901 49,038 (tonnes CO.e) Carbon invoi
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Slide 18: Eurotunnel in 2023
EUROTUNNEL IN 2023 REVENUE AND EBITDA €M 2023 2022) CHANGE Revenue 1,121 1,042 +8% Shuttle Services 726 726 Railway Network 369 294 +26% Ey) Other 26 22 +18% Operating costs (539) (454) +19% S (0) L I ) R E S U L T S Including energy (97) (57) +70% DESPITE ENERGY EBITDA 582 588 -1% COSTS 2023 averag
Slide 19: Eurotunnel in 2023: Inflation Headwind
EUROTUNNEL IN 2023 INFLATION WAS STILL A HEADWIND IN 2023 COST DISCIPLINE AND YIELD MANAGEMENT TO MITIGATE INFLATION AND ENERGY COSTS 600 550 23 9 5 57 | "6 -7 . i 454 5 450 400 350 a " ° @ oe ot R oo eo we oe a ot wo ws wo ge" ow 539 se © Getlink remains very disciplined to tackle cost inflation: E
Slide 20: ElecLink in 2023
ELECLINK IN 2023 STRONG PERFORMANCE AN EXCEPTIONAL PROFITABILITY TAKING INTO ACCOUNT THE PROFIT-SHARING MECHANISM* Revenue 558 420 Operating costs (excluding profit sharing (34) (14) provision) EBITDA pre-profit sharing provision 524 406 Interconnector profit sharing provision’ (156) (142) EBITDA po
Slide 21: Europorte in 2023
EUROPORTE IN 2023 REVENUE AND EBITDA PROFITABILITY IMPACTED BY SNCF STRIKES IN H1 AND ENERGY INFLATION €M 2023 2022 CHANGE Revenue 150 137 +9% Operating costs (121) (108) +12% EBITDA 29 29 = 29022024 @ GETLINK
Slide 22: Getlink in 2023: Consolidated P&L
€M Revenue Operating costs Provision for profit sharing ElecLink GETLINK IN 2023 CONSOLIDATED P&L EBITDA EBIT Net finance costs Taxes Net consolidated result (1) Restated at 2023 average exchange rate: £1 = €1.153 2023 1,829 (694) (156) 979 728 (314) (88) 326 2022 1,599 (576) (142) 881 666 (401) (15
Slide 23: Getlink in 2023: Net Finance Costs
GETLINK IN 2023 NET FINANCE COSTS The decrease in net finance costs relates mainly to the impact of a lower level of inflation on the indexed-linked tranches of the Eurotunnel debt (no immediate direct cash impact) as well as the higher income generated by cash management. Other net financial income
Slide 24: Getlink in 2023: Outstanding Operating Cash Flow
€M 2023 2022 CHANGE Operating cash flow 1,036 1,126 -90* Capex** (144) (140) 4 GETLINK IN 2023 sebt semen os on e OUTSTANDING OPERATING «fv Scheduled debt repayment 76) 6 6 CASH FLOW * Including change in deferred income effect related to ElecLink commercial launch in 2022 (€-176M) ** In 2023: net o
Slide 25: The Group Continues Its Strong Cash Generation
THE GROUP CONTINUES ITS STRONG CASH GENERATION 3 908 Operating cash flow Net debt Dec 2022 * Includes €21M public subsidy for Brexit related capex * Does not include any payments in relation to the interconnector profit sharing provision FULL-YEAR RESULTS 2023 aD wv Debt service Investments* 271 Div
Slide 26: Outlook
3 OUTLOOK —
Slide 27: 2024: A Year of Transition for Eurotunnel (1/2)
2024: A YEAR OF TRANSITION FOR EUROTUNNEL (1/2) Ay) @ a>) (@ A) Xo AZ wy RAPIDITY FLUIDITY RELIABILITY LOW CARBON New services for our customers: Delivery of our capex launch of new website in H1 24 programme New commercial Operational partnerships excellence Active yield management policy (both pax
Slide 28: 2024: A Year of Transition for Eurotunnel (2/2)
2024: A YEAR OF TRANSITION FOR EUROTUNNEL (2/2) ©) OUR FUNDAMENTALS REMAIN VERY SOLID (@) GETLINK WILL BENEFIT FROM SEVERAL POSITIVE UPCOMING DEVELOPMENTS FULL-YEAR RESULTS 2023 g 5
Slide 29: 2024: A Year of Normalisation for ElecLink
2024: A YEAR OF NORMALISATION FOR ELECLINK. SPREADS REMAIN ABOVE INVESTMENT CASE VISIBILITY OF 2024 FUTURE REVENUES In respect of its splitting rules, ElecLink Sy) optimises its revenues, depending on market trends (@’ In 2024, ElecLink will continue to secure its LZ future revenues (auctions + capa
Slide 30: Towards an Acceleration of Cross Channel Low Carbon Transport from 2025
TOWARDS AN ACCELERATION OF CROSS CHANNEL LOW CARBON TRANSPORT FROM 2025... EXPECTED GROWTH OF LONDON-AMSTERDAM ROUTE LONDON AMSTERDAM Ko) BRUSSELS PARIS . a In 2023, 1/3 of potential rail passengers The boarding capacity in transported Amsterdam will increase from THE NETHERLANDS: iM ©) 3M Pax trans
Slide 31: ...and Beyond with New Destinations
«» AND BEYOND WITH NEW DESTINATIONS A HUGE POTENTIAL FOR NEW DESTINATIONS Proven potential for new destinations Marketshare Nb ofrailpassengers AvoidedCO, P Ati Journey time rail/air (+20% inductionon emissions market size by train (% of total) market size) per pax + SWITZERLAND: GERMANY: 9 London 2
Slide 32: 2024 Outlook: Normalisation at a High Level
2024 OUTLOOK: NORMALISATION AT A HIGH LEVEL DIVIDEND: €0.55/SHARE) © OUR AMBITION: 0,50 1! 0.40 0, a Profitable growth . and value creation to 0,30 0% pursue our attractive 0,22 shareholder return 0,20 policy 0,10 0,05 ooo 2016 2017 2018 2019 2020 2021 2022 2023 2024 FULLYEAR RESULTS 2023, =) ocozee
Slide 33: Full-Year Results 2023
2024 FULLYEAR RESULTS 2023, =) 29.02.2024 ® GETLINK
Slide 34: Contacts
CONTACTS fe’ NT Virginie Rousseau Capital Markets Director &% virginie.rousseau@getlinkgroup.com & +33 677 41 03 39