Synergie Sa · EURONEXT:SDG
Synergie Sa — SFAF 2024
35 slides from Synergie Sa's conference presentation, Apr 3, 2025
Slide 1: SFAF 2024 presentation
SFAF 2024 presentation www.synergie.fr April 3rd. 2025
Slide 2: Our 2024 financial year, Our expertise, Annual results
01 Our 2024 financial year 02 Our expertise 03 Annual results 2
Slide 3: Our 2024 financial year
Our 2024 financial year www.synergie.fr 2025
Slide 4: 2024 Highlights
2024 Highlights Business development & External growth Rebranding Acquisition of IPA in july 2024: Australian HR Our results solutions company ESG policy Revenue of € 3.2 billion 12 additional branches Recognised at the international level as a EBITDA € 131 million (4.1% leader in diversity by the x
Slide 5: Synergie: a leading European player in Human Resources management
Synergie : a leading European player in Human Resources management HR services leader Location in 17 countries in Europe and Recrutement in 49 countries € 3.2 billion 800 Revenue in 2024 branches 69 000 5 600 temporary staffing permanent employees 5
Slide 6: Synergy around the world
Synergy around the world 17countries Key figures France Europe du Sud 800 branches 39.7%* 26 500 temps staffing 34.3%* 26 000 temps staffing 367 branches 210 branches 69 000 Temporary staffing Europe du Hors Europe Nord et de l’Est 2.8%* € 3.2 billion Revenue in 2024 23.2%* 15 000 temps staffing 198
Slide 7: Our expertise
02 Our expertise www.synergie.fr 2025
Slide 8: Our strengths
Our strengths Multi Specialist and Global brand ESG policy and Strong financial Multi-expert know- Compliance structure how SYNERGIE is one of the With a network of 800 A multi-award-wining ESG A solid financial structure leading specialists in branches, the Group is policy. enabling SYNERGIE to tem
Slide 9: Our brands
Our brands Outsourcing temporary Specialised network Search for candidates IT infrastructure staffing management. Medical abroad through management and single or multiple Temp Paramedical and Social subsidiaries and support Employment Company international partnerships Temporary work HRed consulting
Slide 10: Executive summary
03 Executive summary www.synergie.fr 2025
Slide 11: Our external growth strategy
Our external growth strategy Interkadra - November 2022 Polish company founded in 2006 with a network of 16 branches Runtime - May 2023 65 branches to double the size of Synergie in Germany APS – July 2024 Canadian-based company founded in 1999 Access – July 2024 Luxembourg-based company founded in
Slide 12: Our external growth strategy: IPA acquisition
Our external growth strategy Synergie acquired IPA Personal Services in 2024. a human resources specialist based in Australia. Expertise and framework to complement our existing network ‘’ Revenue of $AUD 95 million in 2023 A network of 12 branches Synaco branches IPA branches 12
Slide 13: Our strategy and business development
Our strategy and business development Leverage business and sector Development of experts S&yo expertise by launching labels u recruitment and additional for strategic sectors. and rec Spe services (consulting. ru creating specific offers for it research. sourcing. ci nt m ali customers (Proxi. Sear
Slide 14: Our references in a wide variety of sectors
Our references in a wide variety of sectors 14
Slide 15: Our digital transformation plan
Notre plan de transformation digital Optimization of Hub- digital sourcing Development and Integration of digital candidates search strategies: accelerated implementation of AI identity solutions to engines and candidate acquisition, agents across all speed up application development of programmatic
Slide 16: Strategy to diversify our sourcing activities
Strategy to diversify our sourcing activities 16
Slide 17: Strategy to diversify our sourcing activities
Strategy to diversify our sourcing activities 17
Slide 18: An ESG approach recognized and rewarded for many years
An ESG approach recognized and rewarded for many years Reduce CO2 Develop and An ambitious CSR Inclusion. diversity Best employer Innovate to offer emissions and take maintain policy recognized by and equity more daily action for the certifications and third parties environmentally- environment labe
Slide 19: Annual results
Annual results www.synergie.fr 2025
Slide 20: Our key financial indicators for 2024
Our key financial indicators for 2024 Revenue EBITDA Net Profit € 3 185 million € 130.6 million € 67.1 million 2.5% vs LY -14.8% vs LY -14.6% vs LY Revenue up € 76.5 M despite a EBITDA down € -22.7 M. mainly due EBITA down € -11.6 M. in line with difficult economic and financial to market conditions
Slide 21: Revenue growth of +2.5%
Revenue growth of +2.5% Revenue (in € million) 2024 2023 • Organic Revenue: : € +27.2 million; +0.9% France 1 264.8 1 292.9 • France outperforms the Italy 827.9 788.1 market despite a decline of € -28.2 million; -2.2% Spain & Portugal 265.5 245.8 Southern Europe 1 093.4 1 033.9 • Continued growth in
Slide 22: Revenue growth of +2.5%
Revenue growth of +2.5% +76.5 M€ (+2.5%) € 3.2 billion +43.9 +58.8 +11.2 -24.8 -9.3 -3.4 3 185 3 108 Europe du Change in Europe Hors France Nord & de DCS scope du Sud Europe l’Est International € 1.9 billion France € 1.3 billion inc. DCS € 73 million 2023 2024 22
Slide 23: Revenue growth of +2.5%
Revenue growth of +2.5% Groupe France Southern Europe Northern and Outside Europe Eastern Europe Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 +61.0% 45.2% +13.1% +6.7% +6.2% +6.3% +4.0% +6.1% +3.7% +2.1% +2.1% +2.0% +1.5% -2.8% -2.4% -2.4% -0.9% -3.6% -5.0% -11.0% + 2.5% vs LY - 2.2%
Slide 24: Organic revenue growth of +0.9%
Organic revenue growth of +0.9% Groupe France Southern Europe Northern and Outside Europe Eastern Europe Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 +6.7% +6.2% +4.0% +6.1% +4.3% +1.9% +1.4% +0.1% +0.1% +3.2% +0.3% -1.2% -2.8% -2.4% -2.4% -0.9% -4.8% -12.1% -12.6% -20.9% + 0.9% vs LY
Slide 25: EBITDA
EBITDA EBITDA (in € milllion) 2024 2023 France 60.5 72.8 • Group EBITDA : -14.8% Italy 53.4 49.8 • France : market downturn and Group investments Spain & Portugal 3.3 3.9 • Southern Europe : still Southern Europe 56.7 53.7 growing despite a shrinking market Belgium 12.0 12.0 • Northern and Eastern O
Slide 26: EBITDA
EBITDA € -22.7 million (-14.8%) € 130.6 million +4.0 153.2 -1.1 -10.3 -9.2 -3.1 -3.0 130.6 Northern Change in France Southern and Eastern Outside DCS International Europe scope Europe Europe € 70 million France € 61 million inc. DCS € 5 million 2023 1 2 3 4 5 6 7 2024 8 26
Slide 27: EBITA
EBITA EBITA (in € million) 2024 2023 France 48.8 60.4 • Group EBITA : -18.9% Italy 48.9 45.9 • France : market downturn Spain & Portugal 1.6 2.4 and Group investments Southern Europe 50.5 48.3 • Southern Europe : still growing despite a shrinking Belgium 9.4 9.4 market Other Northern and Eastern Eur
Slide 28: Income Statement
Income Statement Income Statement (in € million) 2024 2023 Variation Revenue 3 184.9 3 108.5 +2.5% EBITDA 130.6 153.2 -14.8% % EBITDA 4.1% 4.9% EBITA 103.7 127.9 -18.9% % EBITA 3.3% 4.1% Operating Profit 95.6 116.1 -17.7% Financial result 7.4 2.9 - Net profit before tax 102.9 119.0 -13.5% Tax expens
Slide 29: Cash Flow
Cash Flow Cash flow (en M€) 2024 2023 EBITDA 130.6 153.2 Other items related to operations -0.5 -6.2 Taxes paid -38.9 -43.4 Change in working capital -17.6 1.6 Cash flow from operating activities 73.5 105.2 Cash flow from investments activities -38.1 -19.5 Cash flow from financing activities -14.9 -
Slide 30: Cash Flow
Cash Flow Cash flow from operating activities € 73.5 M € 387 million +91.1 -17.6 -38.1 -14.9 366.5 387.0 Cash flow from Cash flow from Self-financing Change in investments financing Cash flow from operating working capital capacity activities activities activities /EBITDA 2024 : 56.3% 2023 : 68.7% O
Slide 31: Balance sheet structure
Balance sheet structure € 1 488 M € 1 451 M € 1 488 M € 1 451 M Non- 311 308 current Assets Sharehoders' equity 720 659 Non- current 112 85 1177 1143 Liabilities Current Assets 656 706 Current Liabilities 31.12.2024 31.12.2023 31.12.2024 31.12.2023 31
Slide 32: Financial structure
Financial structure Financial structure (in € million) 31.12.2024 31.12.2023 Variation Sharehoders' equity 719.6 659.3 +9.2% Cash position net from bank loans 387.0 366.5 +5.6% Cash position net of any debt excluding lease liabilities 362.2 350.0 +3.3% Lease liabilities -73.5 -69.8 +4.4% Cash positi
Slide 33: Outlook: Market situation
Outlook Market situation Market situation 2025 Economic and geopolitical uncertainties weakening economic growth and global demand Our clients' increased need for flexibility and agility in this context Ecological transition creates new needs in terms of talent and skills New forms of work requiring
Slide 34: Outlook: Group objectives
Outlook Group objectives Group objectives for 2025 Acceleration of market share gains. diversification and targeted acquisitions in countries where the Group is present Continued efforts to digitalize our activities. integrating all innovations (including AI) Accelerated diversification and further
Slide 35: Dividend pay-out proposal
Dividend pay-out proposal Dividend proposed to the Annual General Meeting on the 4 June 2025: 0,50€ per share for settlement on the 1st July 2025 35