Key Figures At 30 Sep 2024

Sustained revenue growth of +5.1%⁽¹⁾ to €32,543m at September 30, with a strong growth in Q3 of +6.7%⁽¹⁾

• Boosters⁽²⁾ activities up +6.9%⁽¹⁾ while strongholds⁽³⁾ activities are up +4.4%(1)
• Strong growth in Water (+6.5%⁽⁴⁾) and Waste (+6.4%⁽⁴⁾). Revenue increase in Energy (+0.8%⁽¹⁾) with sustained high levels of profitability
• After taking into account the effect of lower energy prices, total Group revenues are up +1.7%⁽⁴⁾, after +0.4%⁽⁴⁾ during the first half

Solid operational performance with EBITDA growth to €4,936m, up +5.6%⁽⁴⁾, within the guidance range of +5% to +6%⁽⁴⁾:

• €296m in efficiency gains, for an annual target of €350m
• €96m in synergies, i.s. accumulated amount of €411m ahead of annual target of €400m, which is now raised to €430m

Current EBIT up +6.4%⁽⁴⁾, to €2,601m

Dynamic capital allocation policy contributing to value creation:

• Net capex of €2,609m during the first nine months
• ~€1bn of non-strategic asset divestments closed since beginning of the year, including notably the disposals of SADE, as well as Lydec and sulfuric acid regeneration activities in North America (RGS) during the third quarter
• ~€700m of targeted acquisitions signed in priority activities

Net financial debt⁽⁵⁾ well under control at €18,892m, with a leverage ratio expected below 3x at end 2024

Objectives for 2024 and GreenUp 2024-27 fully confirmed

_{(1) At constant scope and forex excluding energy prices (2) Boosters activities: Water Technologies, Bioenergy, Flexibility and Energy Efficiency, Hazardous Waste Treatment (3) Strongholds activities: Municipal Water, District Heating and Cooling Networks, Solid Waste (4) At constant scope and forex (5) Excluding Suez PPA}

Estelle Brachlianoff, CEO of the Group, commented:

“Driven by a sustained growth and a solid operational performance, our results demonstrate the robustness of our value-creation model and our ability to move forward with agility, even in an uncertain environment. The increase in EBITDA and the steady improvement in our margin are in line with our GreenUp program objectives and confirm the relevance of our strategic orientations.
The relevance of our positioning also translates into the growth of our boosters activities, up +6.9%(1), driven by innovative offerings in water technologies and good momentum in hazardous waste treatment, notably in Europe.
Our new BeyondPFAS offering, which will enable us to target one billion euros of sales by 2030 in the fight against micropollutants, particularly PFAS, is a perfect illustration of this. It is based on our unique ability to combine all our expertise across the entire value chain, particularly in pollution treatment.
In addition to this momentum, strict operational management has enabled us to move ahead with our synergies plan faster than expected and to raise our annual ambition.
Building on these strengths and bolstered by the underlying trends driving demand in our sector, we continue to grow, confirming all our objectives - 2024 and GreenUp - while dynamically adapting to the challenges of the current economic climate.”
_{(1) At constant scope and forex excluding energy prices (2) At constant scope and forex}