Elior Group Sa · EURONEXT:ELIOR
Elior Group Sa — H1 2021-22 Earnings Presentation
40 slides from Elior Group Sa's earnings presentation, 2022
Slide 1: Half Year Financial Results 2021-2022
2021-2022 Half Year Financial Results
Slide 2: Disclaimer
HALF YEAR FINANCIAL RESULTS Disclaimer eliorcroup e This document was prepared by Elior Group for the sole purpose of this presentation. This presentation includes only summaryinformation and does not purport to be comprehensive. The information contained in this document has not been independently
Slide 3: Agenda
AR FINANCIAL RESULTS Financial Results Business Review Conclusion Q&A eliorcroup e
Slide 4: Half Year 2021-22 Financial Results
Half Year 2021-22 Financial Results 4
Slide 5: Strong top-line recovery overall despite Omicron impact
Strong top-line recovery overall despite Omicron impact 5
Slide 6: However, B&I and Education in France were impacted by strict Omicron-related health restrictions
However, B&I and Education in France were impacted by strict Omicron-related health restrictions 25 20 15 10 5 0 Oct Nov Dec Jan Feb Mar oct.-21 nov.-21 déc.-21 janv.-22 févr.-22 mars-22 avr.-22 6
Slide 7: Omicron severely disrupted Education in France
Omicron severely disrupted Education in France Nov 21 Dec 21 Jan 22 Feb 22 Nov 21 Dec 21 Jan 22 Feb 22 7
Slide 8: EBITA recovery hampered by Omicron & inflation
EBITA recovery hampered by Omicron & inflation 8
Slide 9: Exceptional items weighing on net income
Exceptional items weighing on net income 9
Slide 10: FCF impacted by seasonality & USA growth-driven working capital outflow
FCF impacted by seasonality & USA growth-driven working capital outflow; capex well managed at 1.5% of sales 10
Slide 11: Net debt increase reflecting negative free cash flow
Net debt increase reflecting negative free cash flow 11
Slide 12: Satisfactory liquidity
HALF YEAR FINANCIAL RESULTS eliorcroup e Satisfactory liquidity Inێm -95 [ UL =) J 539 | 444 Sept. 2021 FCF excl. Payment of Securitization Interests Net Debt FX March 2022 Available Securitization leases paid & Acquisitions Refinancing and Other Available Liquidity (IFRS 16) recognized financial f
Slide 13: Waiver successfully obtained
Waiver successfully obtained 13
Slide 14: Business Review
eliorcroup @ ] » 2 Business Review
Slide 15: Top-line trending up towards pre-Covid levels
Top-line trending up towards pre-Covid levels Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2019-20 2019-20 2020-21 2020-21 2020-21 2020-21 2021-22 2021-22 B&I Education Health & Welfare Group 15
Slide 16: Strong commercial development and stable retention
Strong commercial development and stable retention… FY 18-19 H1 19-20 FY 19-20 H1 20-21 FY 20-21 H1 21-22 Sep 19 Mar 20 Sep 20 Mar 21 Sep 21 Mar 22 16
Slide 17: Net new business turning positive
… leading to net new business turning positive FY 18-19 H1 19-20 FY 19-20 H1 20-21 FY 20-21 H1 21-22 17
Slide 18: Intensifying and lasting inflationary pressures
Intensifying and lasting inflationary pressures 18
Slide 19: Four priorities for margin restauration
Four priorities for margin restauration 19
Slide 20: Contract types imply intense renegotiation efforts
Contract types imply intense renegotiation efforts 20
Slide 21: Contract renegotiations progressing
Contract renegotiations progressing 21
Slide 22: Voluntarily exiting Preferred Meals in the USA
Voluntarily exiting Preferred Meals in the USA 22
Slide 23: Actively pursuing new growth opportunities
Actively pursuing new growth opportunities 23
Slide 24: Conclusion
eliorcroup © =¥, Conclu > RESULTS HALF YEAR FINANCIAL
Slide 25: Full Year 2021-22 outlook
HALF YEAR FINANCIAL RESULTS Full Year 2021-22 outlook eliorsroup @ 7 = ® Organic growth Adjusted EBITA Capex below at least +16% ~ breakeven) 2% of revenue At constant rates and based on all known Covid-19 protocols at the time of publication “excludes Preferred Meals estimated loss of €(35)m for FY
Slide 26: Financial ambitions 2024
HALF YEAR FINANCIAL RESULTS Financial ambitions 2024 2 Organic growth atleast +7% CAGR on average 2022-23 and 2023-24 = Adjusted EBITA margin around 4.0% in 2023-24 Organic revenue growth / Capex as a % of revenues between 2.5x and 3x eliorcroup e a8 Re-start dividend based on fiscal year 2023-24 26
Slide 27: CSR 2025 objectives reaffirmed
CSR 2025 objectives reaffirmed 27
Slide 28: Forza Elior
Va) ye Forza Fli MH IVIONWNId YvaA 41VH 28
Slide 29: Half Year Financial Results
HALF YEAR FINANCIAL RESULTS eliorcroup eC Ht
Slide 30: Appendices
Appendices 30
Slide 31: CSR: main achievements in first half 2021-22
CSR: main achievements in first half 2021-22 31
Slide 32: Elior Group: contract portfolio by type
Elior Group: contract portfolio by type 32
Slide 33: Alternative performance indicators
Alternative performance indicators > > > > 33
Slide 34: Modelling details for full year 2021-22
Modelling details for full year 2021-22 34
Slide 35: Second quarter 2021-22 revenue
Second quarter 2021-22 revenue 35
Slide 36: First half 2021-22 retention
First half 2021-22 retention 36
Slide 37: Deferred tax impacted by goodwill impairments in France & Spain
Deferred tax impacted by goodwill impairments in France & Spain 37
Slide 38: Detailed change in operating working capital
Detailed change in operating working capital 38
Slide 39: Financial agenda
HALF YEAR FINANCIAL RESULTS Financial agenda July 27 2022 Third quarter revenues 2021-2022 eliorcroup e November 23 2022 Full year results 2021-2022 39
Slide 40: eliorcroup eC
eliorcroup eC SLINSIY TVIONVWNIS YV3EA JTVH