Slide 1: Elis at work: H1 2025 results
Pelis at work H] 2029 results -_» We
Slide 2: Disclaimer
Pelis Disclaimer This presentation may include data information and statements relating to estimates, future events, trends, plans, expectations, objectives, outlook and other forward-looking statements relating to the Group's future business, financial condition, results of operations, performance
Slide 3: Summary
H1 2025 H1 2025 Business Highlights CSR Highlights H1 2025 CMD Wrap-Up and Financial Highlights 2025 Outlook Summary
Slide 4: Business Highlights
H1 2025 Business Highlights Peli
Slide 5: Elis once again demonstrates the resilience of its business model
In a challenging environment, Elis once again demonstrates the Pelis resilience of its business model Solid financial performance > H1 2025 revenue at €2,343.1m, up +4.3% of which +3.5% on an organic basis > Q2 organic revenue growth of +4.3% \ H1 2025 adjusted EBITDA at €813.8m, up +5.1% Adjusted E
Slide 6: Elis remains focused on its growth strategy
% of its business resilient to economic fluctuations, Elis remains focused on its growth strategy 4+4.3% growth in H1 > Strong commercial activity continues to drive growth in workwear Good level of new business in all geographies, driven by outsourcing trend (standard workwear and Cleanroom) Ongoin
Slide 7: Outsourcing and salesforce efficiency driving commercial success
Outsourcing and salesforce efficiency driving commercial success > Strong momentum in workwear continued, driven by the acceleration in the outsourcing Additional cross-selling successes in pest control and cleanroom Contract wins in the UK and Spain for resident linen in nursing homes Organic growt
Slide 8: France: Further topline growth and margin improvement
France: Further topline growth and margin improvement Solid revenue growbth in the first half > Satisfactory commercial momentum in all end markets > Good activity level in Hospitality in Q2 on the back of favourable comparable base » Pricing adjustments implemented to offset inflation EBITDA margin
Slide 9: Central Europe: Good organic and margin performance
Central Europe: Good organic and margin performance Good topline momentum in the first half > +2.6% organic growth driven by strong commercial momentum in the Netherlands and Belux » Negative calendar effect in Q1 had c.-0.6% impact on H1 growth in the region >» Growth subdued in Germany: Selective
Slide 10: Scandinavia & Eastern Europe: Good fundamentals in a challenging environment
Scandinavia & Eastern Europe: Good fundamenials in a challenging environment c. +2% organic growth in H1, restated from the calendar effect Finland and the Baltics trending positive Limited pricing uplift in the first half on lower inflation Negative calendar effect in Q1 had c.-0.4% impact on H1 gr
Slide 11: UK & Ireland: Further productivity gains underpin margin progress
UK & Ireland: Further productivity gains underpin margin progress Soft organic revenue growth despite good commercial momentum > Many commercial successes in Hospitality but client activity subdue > Softer pricing dynamic reflecting lower inflation > Negative Q1 calendar effect had c.-0.3% impact on
Slide 12: Latin America: Solid organic performance, with margin headwinds
lis Latin America: Solid organic performance, with margin headwinds Good organic momentum across the region in H1 > ¢.+10% organic growth in Brazil, driven by solid performance in Healthcare, effective churn management and strong commercial momentum in workwear (including Cleanroom) » Mid-single dig
Slide 13: Southern Europe
≫ ≫ ≫ ≫ ≫ ≫
Slide 14: Successful bolt-on M&A strategy continues to bear fruit
Successful bolton M&A strategy continues to bear fruit Pelis Carsan in Spain Ernst in Germany Bodensee in Switzerland Bugaderia Neutral G Ae Ernst obese = NEUTFAL Natur browchtsaubere Partner One plant located in Getafe, Two plants serving southern Two plants covering central and One plant located i
Slide 15: H1 2025 Financial Highlights
il H1 2025 Financial Highlights Circular services at work
Slide 16: A proven track record of resilience and profitable growth
A proven track record of resilience and profitable growth —@— EBITDA margin % Global Covid-19 War in Ukraine ME Revenue in millions of euros Financial Crisis recession Energy crisis 5,000 4 Pe on 40% 34.5% 3am Oe 4,500 4 32.7% 32.5% 32.7% 33.6% Ge 33.0% y 322% 31.7% 31.1% agen 31.1% 317% 319% 321% 3
Slide 17: A highly diversified and well-balanced profile
A highly diversified and wel-tbalanced profile H1 2025 revenue breakdown Flat linen 46% By activity Hygiene & wellbeing 17% Workwear 37% By market Healthcare Trade & services 30% 18% Industry Hospitality 27% 25% By geography Latin America Southern Europe 10% 9% UK & Ireland 12% |— France 29% Scandin
Slide 18: +4.3% revenue growth in H1, EBITDA margin up +30bps
Pelis +4.3% revenue growth in H1, EBITDA margin up +30bps at 34.7% Semon H1 2025 organic revenue growth and reported revenue growth evolution by geography 9.5% +8.8% 47.3% * 43.1% 43.1% 42.6% ame 426% 42.8% my 0% Wy Vi, ye a, U 5.9% France Central Europe Scandinavia & UK & Ireland Latin Southern Gro
Slide 19: H1 profitability in line with expected full-year trajectory
H1 profitability in line with expected full-year trajectory (In €m) H1 2025 H1 2024! % change Revenue 2,343.1 2,246.7 +4.3% Adjusted EBITDA 813.8 774.3 +5.1% As a % of revenue 34.7% 34.5% +30bps Depreciation omorasion nelermepamon es @ uss) 08 As a % of revenue -19.6% 19.2% -50bps Adjusted EBIT 353.
Slide 20: Linen investments will improve D&A/sales ratio over next three years
Inێm 650 600 550 500 450 400 350 300 250 200 Linen investments will improve D&A/sales ratio over next three years 2019 2020 2021 mma linen capex maa Linen D&A 2020-2021: Reduced linen investments due to lower activity during COVID-19 2022 2023 2024 Linen capex as a % of revenue 2022-2023: Catch-up
Slide 21: H1 2025 fully-diluted headline net income per share up +3.0%
H1 2025 fully-diluted headline net income per share up +3.0% Pelis (In€m) H1 2025 H1 2024! % change Net income 152.5 118.5 +28.6% Amortization of intangible assets recognized in a business combination 43.4 42.5 Expenses related to share-based payments (IFRS 2) 21.1 12.5 Accretion expense linked to t
Slide 22: H1 free cash flow in line with full-year trajectory
H1 profitability in line with expected full-year trajectory (In €m) H1 2025 H1 2024 Adjusted EBITDA. 813.8 774.3 Cancellation of capital gains/losses on disposal of fixed assets and 14 20 changes in provisions Nomrecurring monetary items including in Other operating income and expense 9.2) (11.8) Ex
Slide 23: A well-diversified debt profile with staggered maturities
Pelis A well-diversified debt profile with staggered maturities Se Well-diversified financing Debt highlights 900 = Euro bonds > The Group still aims for a reduction of its financial debt = USPP > Financial leverage of 1.92x as of June 30, 2025 1,600 = Convertible bonds > — Since April 10, 2025, Eli
Slide 24: Deleveraging on track: Net financial leverage at 1.92x
Deleveraging on track: Net financial leverage at 1.92x Pelis Net debt and financial leverage ratio evolution between 2019 and 2023 Iném 3,500 3,400 3,300 3,200 3,100 3,000 2,900 2,800 2,700 2,600 2,500 : Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 June 2024 Dec 2024 June 2025 Dec 2025 > Two signifi
Slide 25: H1 2025 key financial takeaways
Ol Further outsourcing combined with strong commercial momentum driving +3.5% organic revenue gain, despite negative calendar effect H1 2025 key financial takeaways 02 Adjusted EBITDA margin up +30bps, reflecting productivity gains and better energy purchasing conditions 03 Headline net income up +2
Slide 26: CSR Highlights
H1 2025 CSR Highlights Pei
Slide 27: Strengthening our CSR commitments: H1 2025 in review
YPelis Strengthening our CSR commitments: H1 2025 in review Sram et Circular economy applied to our business In 2024, Elis conducted a comprehensive environmental Life Cycle Analysis (LCA) of its workwear Elis launched an — Environmental Calculator = = = in January 2025 to share erase 4004 the LCA r
Slide 28: CSR initiatives and commitments recognised by solid ratings
> > Pelis CSR initiatives and commitments recognised by solid ratings ae % Elis qualified as low risk by Moony’ O)sustanavrnics ? Sustainalytics (“low risk”) 61/100 Low risk improved by 1.9pts ESG rating by MSCI MSCI &) wepp > _ Elis within the Mist by the CDP maintained fo A A Aclist Last year: 24,
Slide 29: CMD Wrap-Up and 2025 Outlook
CMD Wrap-Up and 2025 Outlook
Slide 30: Elis hosted its 2025 Capital Markets Day on May 27, 2025
Elis hosted its 2025 Capital Markets Day on May 27, 2025 wells A proven business model for an operational and Mid-term 2025-2028 financial trajectory unveiled commercial powerhouse Aligned with ESG-driven market expectations Strong market leadership with high barriers to entry Many organic growth op
Slide 31: A clear and consistent financial roadmap for the medium term
A clear and consistent financial roadmap for the medium term Pelis Cumulated free cash flow 2025-2028 Revenue EPS / Fully-diluted EPS EBITDA growth EBIT growth growth growth +5% / +6% per year Around €1.5bn at constant FX rates +20bps per year Above revenue growth every year , . nN average +35% incr
Slide 32: A capital allocation policy favouring shareholder return
A capital allocation policy favouring shareholder return Pelis Operational development Financial Shareholder = discipline > return Pursuing our bolton Maintaining investment Allocating remaining cash to acquisition strategy grade. Further deleveraging improve returns to shareholders the balance shee
Slide 33: Share buyback underway for 2025, on top of €0.45 dividend
Pelis 150 million share buyback underway for 2025, Sr eon on top of €0.45 dividend Dividend Cash dividend for 2024 of €0.45 per share (up c. +5% vs last year) ie. €105.1m paid on May 28, 2025 _' Share buyback Vv YS Vv v The buyback period began on March 6, 2025, and may be extended until December 15
Slide 34: Confirmation of 2025 outlook
Confirmation of 2025 outlook Pelis Expected slightly below +4%, Organic revenue growth factoring in a c. 0.3% negative calendar impact Adjusted EBITDA Adjusted EBIT margin Fully diluted headline net Expected slightly higher income per share Free cash flow Expected to decline c.-0.1x Financial levera
Slide 35: Q&A
Q&A Circular services at work
Slide 36: Appendix: Restatement of H1 2024 figures
Appendix: Restatement of H1 2024 figures Pelis IFRS 3 “Business combinations” * IFRS 3 requires previously published comparative periods to be retrospectively restated for business combinations (recognition of the final fair value of the assets acquired and the liabilities and contingent liabilities
Slide 37: Appendix: Reconciliation between net financial result and net interest paid
Appendix: Reconciliation between Net financial result and Net interest paid Pelis (in€m) Net financial income (expense) (in €m) Net inicreat peta Financial debt interests (cash) (73.5) Financial debt interests (cash) (73.5) Investment interests received (cash) 10.1 Investment interests received (cas
Slide 38: Appendix: Financial definitions
Appendix: Financial definitions Pelis * Organic growth in the Group’s revenue is calculated excluding (i) the impacts of changes in the scope of consolidation of “major acquisitions” and “major disposals” (as defined in the Document de Base) in each of the periods under comparison, as well as (ii) t
Slide 39: Investor Relations contacts
Nicolas Buron Director of Investor Relations, Financing & Treasury Tel: +33 175 49 98 30 Mob: +33 6 83 77 66 74 Email: nicolas.buron@elis.com PWelis Circular services at work Charline Lefaucheux Investor Relations Tel: +33 1 75 49 98 15 Mob: +33 7 65 18 45 65 Email: charline.lefaucheux@elis.com ELIS