Slide 1: Analysts and investors presentation
~~ Analysts and investors presentation a /~ CECONOCOTT) February 14° 2025
Slide 2: Welcome
Welcome
Slide 3: The speakers
The speakers Jean-Louis Angel Philippe BOUCHARD BENGUIGUI RENAULD Operational Chairman CEO Managing Director Finance
Slide 4: Agenda
“| Ol Strategic update O2 FY 2024 performance AGEND —— 03 Outlook O4 2a Va
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Une image contenant cercle, Graphique, Caractère coloré Description générée automatiquement
Slide 6: Introduction
Introduction a
Slide 7: Angel Benguigui
Angel Benguigui
Slide 8: A promising first year of the plan
A promising first year of the plan _#ne econocom (A1)\ ss ay) ; Intensifying salesforce Robust topline First tactical M&A recruitments performance operation closed in Germany Enhancing products +3.6% and geographies organic oS net cross-selling revenue growth Strong sales Solid financial Launch of t
Slide 9: A new governance set up in 2024
A new governance set up in 2024 Board of Directors . . . . Determine strategic guidelines and 1] Directors including 4 independent Directors monitor Executive Committee’s actions Executive Committee Execute the strategic guidelines A lean and experienced team and ensure its best execution General Ma
Slide 10: Supported by a lean and experienced Executive Committee
Supported by a lean and experienced Executive Committee Y Angel BENGUIGUI CEO Managing Director Managing Director Managing Director Chairman of the Global Group Tech Business Finance and M&A Executive Development & Committee Strategic plan Quentin Israel Philippe BOUCHARD GARCIA RENAULD And Anne BRU
Slide 11: Seeding the ground for future growth
Seeding the ground for future growth Salesforce recruitment in key regions & training efforts +60 Well-balaneéed between agents & sales Sales and frontline stand at -. #500 invall geographies and all business lines Econocom - 2024 annual results
Slide 12: A common portfolio and tools to maximize cross-selling opportunities
Acommon portfolio and tools to maximize cross-selling opportunities Acommon portfolio & State-of-the-art common tools new integrated offerings set up ‘One portfolio’ TMF contracts successfully migrated on A common end-to-end offering one common front available since Sept. 2024 and back-office Shared
Slide 13: Combining organic growth with synergetic inorganic growth
Combining organic growth with synergetic inorganic growth Creating value thanks to inorganic growth Acquisition of an 80% stakein OO NET v Aleader in refurbishment of IT equipment ina priority market for Econocom, Germany v State-of-the-art capabilities: up to 150,000 assets per year and ¢.50 well-t
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Une image contenant cercle, Graphique, Caractère coloré Description générée automatiquement
Slide 15: FY2024 performance
FY2024 performance
Slide 16: Organic growth acceleration
Organic growth acceleration Revenue ‘Organic’ leg") | €2,744M +3.6% €2,647 M” tT +1.2% : €2,590 M : 2022 2023 2024 Total and organic growth?) at +3.6% in 2024, driven by a diversified business mix and a positive growth of all activities: TMF, Services and Products & Solutions In line with full-year
Slide 17: Driven by a positive performance of our three activities
Driven by a positive performance of our three activities Revenue Restated forchanges in the scope in€éM HM Services El MF ME pes ‘Organic’ As | 3.6%, 476 > 43.1% 491 972 >> +7.7% 1048 1199 “=> +0.5% 1205 2023 "") 2024 of discontinued operations Econocom - 2024 annual results 17
Slide 18: A stable and resilient operating margin
A stable and resilient operating margin Operating margin Profitability rate at +4.0% Significant investments in salesforce of €7 million in€M 118 FEGM ey t 7 714.5 110.4 2023") 2024 Econocom - 2024 annual results 18
Slide 19: Products & Solutions
Products & Solutions Return to growth in a recovering market Revenue Operating margin €1,199 M €1,205 M | - 2023 2024 2023 2024 Total growth at +0.5%, a recovering market in 2024, with Econocom overperforming in most geographies. France impacted by the political situation Profitability rate stands a
Slide 20: Technology Management & Financing
Technology Management & Financing Very strong organic growth Revenue Operating margin €1,048 M 2023 2024 2023 €972M t : +7.7% €46.5M €46.0M 2024 Total growth at +#7.7%, boosted by attractive solution and financing offerings expanding sales in targeted geographical regions, especially Italy Profitabi
Slide 21: Services
Services Solid revenue growth and stable operating margin Revenue Operating margin eatem C497 M n 1 +3.1% €25.3M €25M 2023 2024 2023 2024 Total growth zl at #3.1%, led by certain geographies, including France and Spain Fey Profitability rate = stable at 5.1% Econocom - 2024 annual results 21
Slide 22: 2024 simplified income statement
2024 simplified income statement (in € M) 2023") 2024 Revenue 2,647 2,744 Solid growth driven by the positive growth trajectory of all Group's activities Robust operating margin at 4.0% taking into account Operating margin 14.5 110.4 major investments in salesforce recruitments . . Lower operating p
Slide 23: Strong reduction in Net Financial Debt (1/2)
Strong reduction in Net Financial Debt (1/2) Back to positive operational cash generation +181 NFD. 31122023 -143 31122022 Free Cash Flow = €45M 112 _ 22 -16 -23 -16 142 7 -22 -~69 -22 14 -23 Free Cash Flow = -€15 M 88 Abeilles +94ME MBA +15 -27 Share Premium Refund -28 Bi Share BuyBack 18 +96 mz i
Slide 24: Strong reduction in Net Financial Debt (2/2)
Strong reduction in Net Financial Debt (2/2) Back to positive operational cash generation 330 Cash at 31.12.2023 225 Short term debt (20) -201 -199 Other corporate financing (175) 96 NFDO (31.12.2024 (181) Ee NFD benefits from an increase in factoring & reverse factoring of €15M Solid debt ratios: G
Slide 25: ESG Achievements in 2024
ESG Achievements in 2024 >—— Maintenance or 1.3 million hardware products under maintenance vs. 1 million in 2023 = Circular Social jo }o + 6 pts vs. 2023 92/100 2024 gender equality index in France economy 504,000 refurbished IT equipment (laptops, screens, servers, tabs, smartphones...) vs. 493 00
Slide 26: ESG Achievements in 2024
ESG Achievements in 2024 EcoVadis Sustainability rating 2023 ecovadis Sustainability ating Top 5% 74/100 rating (+4 pts from 2023) Aiming to achieve the Platinum level by 2028 Science Based Targets initiative SCIENCE BASED TARGETS ‘atu ausTi0US CORPORATE CuNATE ACTION Approved 2028 targets* Cutting
Slide 27: Outlook
Outlook Angel Benguigui
Slide 28: 2024 takeaways
2024 takeaways A solid growth of revenue & A strong reduction in net debt resulting in a stronger financial position A first M&A operation with bo net launching the reboot of our program of targeted acquisitions Investing in the transformation of the group to cope with evolving market context Preser
Slide 29: 2025 outlook
2025 outlook Accelerate organic growth thanks toa strengthened salesforce, a unique and global portfolio, and common tools 3 (2) 2 Continue to seize opportunities for tactical inorganic growth Focus on disposals of discontinued activities Continued focus on cash generation and balance sheet improvem
Slide 30: Appendices
Appendices CCOMOCOTT)
Slide 31: Revenue: bridge 2023 - 2024
Revenue: bridge 2023 - 2024 Strong growth?) at +3.6%, fully organic, in line with 2024 full-year guidance in€M Krcan rganic Growth +3.6%, 2,744 2,681 -8 26 , — - M2647 8 2,650" 2023 Change in Changes in the 2023 Full-year impact 2023 2024 published accounting scope of restated of 2023 proforma resta
Slide 32: Operating margin: bridge 2023 - 2024
Operating margin: bridge 2023 - 2024 discontinued operations are related to Les Abeilles (TMF) in€M fp Changes in 116.2 14.5 114.1 110.4 iz 7 0.4 . “ R Investment in E@) — salesforce recruitments to fuel future growth 2023 Changes in the 2023 Full-year impact of 2023 2024 published scope of restated
Slide 33: 2024 simplified income statement
2024 simplified income statement (in € M) 2023") 2024 Solid growth driven by the positive growth trajectory of all Group's Revenue 2,647 2,744 activities . . Resilient profitability rate despite significant investments in salesforce Operating margin 114.5 0.4 Suitmente Other operating income and exp
Slide 34: Simplified balance sheet
Simplified balance sheet ASSETS (in Goodwill Other long-term assets Assets related to leasing activities Residual interest in leased assets Outstanding discounted rental income on contracts not refinanced or refinanced with recourse Other trade and other receivables Other current assets Assets held
Slide 35: A de-risked leased portfolio
A de-risked leased portfolio €4.6 Bn €2.2 Bn €0.18 Bn a Oustanding Original price Residual interest Outstanding funded without recourse at a c.92% level Residual interest * 3.9% of original price * 235% covered by the market value of assets and contract extensions Econocom - 2024 annual results 35
Slide 36: Stock Exchange
Stock Exchange Equity tab - % of ownership and number of shares o Market cap €298 M 46.6% Free float 779M 53.4% Holding companies held by Mr. Bouchard 89.1M Number of shares + Outstanding shares 167.0 M + Floating shares: 77.9 M Average share price over the last 20 days €1.785 Listing place Euronext
Slide 37: Contacts
Contacts econocom HAVAS Paris Investor and shareholder Financial Press relations communication relations @ anne.bruchon@econocom.com @ louis.tilguin@havas.com @ groupeeconocom@havas.com estelle.bleuze@havas.com All (=) iS LAL &
Slide 38: \V se
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