SHAPING SUEZ 2030:

POSITIONED FOR THE GREEN RECOVERY

H1 2020 results

July 29th, 2020

1

SHAPING A SUSTAINABLE ENVIRONMENT, NOW

  • Looking forward
  • Performance plan
  • H1 results
  • Key messages

Bertrand CAMUS

Chief Executive Officer

Our Purpose: Shaping a sustainable environment, now

Illustrated by our H1 achievements

STRONG ENGAGEMENT OF OUR TEAMS

  • Employees safety as first concern
  • Fully mobilised to provide essential services

CONTINUITY OF ESSENTIAL SERVICES

  • Roll out seamless business continuity
  • Ensure full reliability to accompany all our clients

PRESERVATION OF THE ENVIRONMENT

AS A PRIORITY

"Every single day, SUEZ commits to preserving the fundamental

elements of our environment - water, soil, and air - that ensure our future"

29-Jul-20

SUEZ 1H20 Results

3

A reinforced sustainability strategy

Long standing climate commitments translated into industrial levers

Reduce by 45% the direct and indirect greenhouse gas emissions from our activities by 20301

Green Landfill in Meknes, Morocco

Help our customers avoid 20 million tonnes of C02e emissions a year by 2030

Offer 100% sustainable solutions for our customers on climate and/or biodiversity

Plastic recycling in Ban Phli, Thailand

Biofactory in Santiago de Chile

1 vs. 2014

4

One step further in natural capital preservation

Accelerating the implementation of biodiversity solutions

REUSE AND RECHARGE WATER

SUSTAINABLE AGRICULTURE

−

West Basin, USA

−

Nantes Metropole Sludge management

REHABILITATION OF SOIL FUNCTIONS

ENVIRONMENTAL MONITORING

−

Belgrade, waste management and resource recovery

−

Management environnemental A9 Highway

construction, Vinci

NATURE BASED SOLUTIONS AND RENATURATION

  • Flood park, Alicante, Spain

MICRO-POLLUTANTS TREATMENTS

  • Sophia Antipolis Wastewater treatment, France

Examples details in appendices 7 page 53

29-Jul-20

SUEZ 1H20 Results

5

DRIVING SELECTIVITY IN OUR GROWTH

Commercial dynamic and investments

Modernize and improve water services for the capital city of Uzbekistan

Tashkent

Serving 3.5 million inhabitants

Fast demographic growth and strong economic development

Implementation of latest solutions for smart water management

Transfer of know how to Tashkent Shahar

SuvTaminoti

€142m revenue; 7 years duration

29-Jul-20

SUEZ 1H20 Results

7

Management of the entire sewage infrastructure

Doha North

Serving 1.1 million inhabitants

Fast urbanization and demographic growth

Automation, smart tools to reduce energy and chemical consumption

Fully integrated wastewater management

incl. reuse and storm water

€80m revenue per year; 5 years contract

10 year framework agreement

29-Jul-20

SUEZ 1H20 Results

8

Driving selectivity in our investments

Wave one progress unables us to look ahead

NEAR TERMS OPPORTUNITIES :

Reinforce our presence in China

Finalize hazardous waste acquisition in Middle East

Expand global water treatment offering

Plastic recycling in Europe

More selective, higher-return growth

29-Jul-20

SUEZ 1H20 Results

9

UPDATE ON PERFORMANCE PLAN

Jean-Marc BOURSIER

Chief Operating Officer

Performance plan to raise our game and generate long-lasting savings

We are on track to deliver as planned

Industrial processes

35-40%Procurement

35-40%

G&A 20-25%

54 workstreams launched Leveraging Group-wide scale

360° LEVERS

BEST PRACTICE SHARING

VOLUME POOLING & CONVERGENCE

CROSS-REGIONS LEVERS

Improving SUEZ environmental footprint

€1bn annual savings1 by 2023, 45/50% impact expected by 2021

1 Total 2020-2023 net annual benefits 2020-23 before D&A (excl. incremental investments). Pro forma figures based on 2019 cost base (excl. scope variation)

29-Jul-20

SUEZ 1H20 Results

11

Industrial processes - 350 to 400m€ annual savings by 2023

Benchmark of best practices

CASE STUDY

BEST PRACTICES (SELECTED) EXPECTED IMPACT

Estimated annual

OPEX savings

WASTE MECHANICAL SORTING

MUNICIPAL WATER ENERGY & CHEMICALS

  • Sorting facility 2.0 in Northern Europe
  • Advanced near-infra red sorters in France & Australia
  • Dosing control & piloting tools for Drinking Water treatment plants
  • From WTS : Aeration control module for Waste Water treatment plants
  • -300 CO2 T/year, +1% flows recovered, -4% downtime
  • +50% hourly capacity, separation of plastic flows
  • -10% to -15% on coagulants & flocculants consumption
  • -7%to -20% on aeration costs on equipped sites
  • ~ -10% on energy costs

€24m1+

€8.5m1

1 Total 2020-2023 net annual benefits 2020-23 before D&A (excl. incremental investments). Pro forma figures based on 2019 cost base (excl. scope variation)

29-Jul-20

SUEZ 1H20 Results

12

Procurement - 350 to 400m€ annual savings by 2023

Capturing the potential from stringent demand management and global size

INITIATIVES (selected case studies)

TANGIBLE RESULTS

COLLECTION TRUCKS &

REVISED RENEWAL PLAN

EQUIPMENT

AND MAINTENANCE PLAN

• Right size the truck fleet

✓ ~30% reduction on renewal plan

• Review renewal plans

✓ Revised trucks specifications

• Review financing models

✓ Leaner maintenance supplier panel

OFF-ROAD EQUIPMENT

REVISED RENEWAL

• Standardize specifications

AND MAINTENANCE PLAN

• Challenge supplier panel

✓ Global fleet sizing approach

• Outsource fleet management

✓ New challengers invited to tender

in relevant geographies

✓ Optimized maintenance contracts

Estimated annual OPEX savings

€25m1+

€4m1

1 Total 2020-2023 net annual benefits 2020-23 before D&A (excl. incremental investments). Pro forma figures based on 2019 cost base (excl. scope variation)

29-Jul-20

SUEZ 1H20 Results

13

FOCUS ON FINANCIALS

Julian WALDRON

Chief Financial Officer

1H Highlights

Performance in line with previous communications

R&R prices holding up

General conditions in Chile

I x ss €100

s s

Volatile commodity prices

through mitigation

FX in Australia and Chile

Resilient cash position: decrease in Capex and sound Working Capital management

Resilient revenue, down -4.5% organically to €8,167m

29-Jul-20

SUEZ 1H20 Results

15

Water

Revenue down (3.2)% organically

R

, €

(4.5)% gross

(3.2)% organic

(3.1)% excl. FX

3,374

3,221

(45)

(100)

+12

+20

(40)

Scope

Volumes(1)

Tariffs(2)

Net Cial.

Works

& FX

Activity(3)

and

others

H1 2019

H1 2020

Volumes

  • Negative impact in Asia and Europe of confinement and lower tourism
  • Voluntary restrictions on water consumption in Chile
  • Resilience in North America
  • Most construction projects slowed down

Tariffs

  • Largely as expected (+1.7% in France,
    (1.3)% in Spain, +2.5% in Chili and +2.0% in USA)
  • Deferral of increases in some territories during confinement

Commercial

  • Start of Toulouse contract in France in January 2020
  • High renewal rate in Spain and US

29-Jul-20

SUEZ 1H20 Results

(1)

At iso contracts (2) escalation formula

16

(3)

Net balance between contracts gained / renewed / lost & amended

Recycling & Recovery

Revenue down (6.6)% on an organic basis, impacted by Covid-19 context

R

, €

(7.7)% gross

(6.6)% organic

(7.1)% excl. FX

3,741

3,451

(42)

+77

(242)

(53)

(29)

Scope

Prices

Volumes

Commodity

Construction

& FX

& mix

prices

H1 2019

H1 2020

Volumes

  • Confinement impact strongest in France, Belgium and UK
  • Germany and the Netherlands resisted well

Pricing and commodities

  • Pricing in line with expectations
  • Negative commodities: paper, plastics, electricity
  • Small positive impact from diesel

Commercial

  • First time contribution from Manchester and Somerset

29-Jul-20

SUEZ 1H20 Results

17

Environmental Tech & Solutions

Revenue down (3.3)% on an organic basis

R

, €

(3.8)% gross

(3.3)% organic

(3.4)% excl. FX

1,708

1,642

(9)

(45)

+7

(19)

Scope

Hazardous

Water

SES(1)

& FX

Waste

Technologies

& Solutions

H1 2019

H1 2020

29-Jul-20

SUEZ 1H20 Results (1) Smart & Environmental Solutions

Hazardous Waste

  • Early impact in China
  • Confinement hit construction and soil remediation volumes in Europe
  • Sharp recovery in France in May and June

Water Technologies & Solutions

  • Resilient revenue: +1% organic
  • CMS and Product sales evolved well
  • Slower Project revenue and order intake

Smart & Environmental Solutions

  • Onsite activities stopped during confinement
  • Remote and digital services continued with minimal change

18

Drop in volumes materialising into substantial EBIT impact

EBIT

in €m

645

FX & Scope

Water

R&R (1)

ETS (2)

Other (3)

(35)

(300)

(133)

(90)

(11)

(176)

76

(42)

(37)

(27)

H1 2019

H1 2020

xx €(281)m est. one-off costs

Underlying EBIT €354m

Strong reactivity of all our teams to reduce discretionary costs and SG&A drove

in excess of €100m savings

(1) Recycling & Recovery

(2) Environmental Tech & Solutions

29-Jul-20

SUEZ 1H20 Results (3) mainly HQ

19

Focus on below EBIT

H1 2020

Comments

H2 trends

Exceptionals€(271)m

Financial expense

€(218)m

  • Shaping SUEZ 2030 actions
  • Positive impact of 2019 liability management
  • Shaping SUEZ 2030 actions around €150m
  • Reinforcement of liquidity position generating additional financial costs
  • Otherwise similar

Tax

€(45)m

Minorities€(34)m

29-Jul-20 SUEZ 1H20 Results

− Includes €(37)m deferred tax

− Underlying H2 2019 applicable

write-off

to H2 2020 outlook

− Covid-19 context strongly impacting

− Underlying H2 2019 applicable

Lydec and Aguas Andinas

to H2 2020 outlook

20

Net debt evolution

Tight control of working capital requirement and capex

10,749

10,151

(754)

+4

+88

+152

+626

+412

+70

+309

+317

Maintenance Development

Capex

Capex

Net Debt

Gross

Change in

Tax

Financial

Capex

Dividends

Other

Net Debt

Dec. 31st, 2019

Cash Flow

WCR

expenses

expenses

Jun 30th, 2020

10,327

(1,464)1

+396

+109

+199

+752

+625

(330)2

10,614

+340

+412

Maintenance Development

Capex Capex

Dec. 31st 2018

Jun. 30th 2019

29-Jul-20

SUEZ 1H20 Results

(1) Includes €(223)m from Argentine settlement

(2) Includes €(510)m disposal of 20% stake in SUEZ Water Inc., +€136m leases, +€81m financial capex

21

Outlook: H2 2020

Improved performance in the second half

H2 revenue to be down organically -4% to -2% vs. last year

EBIT estimated around €600m to €650m in H2

We will also have the impacts of the wave one disposals

Our main assumptions in the above outlook include constant FX, a difficult summer for tourism, no return to a generalized, region-wide confinement situation in the second half and in general a continuation of the trends in our major businesses in May and June.

29-Jul-20

SUEZ 1H20 Results

22

BEING THE GLOBAL LEADER IN ENVIRONMENTAL SERVICES BY 2030

Bertrand CAMUS

Chief Executive Officer

We support a green, digital and sustainable recovery

Working in close collaboration with governments and authorities for a green recovery plan

  • Citizen convention in France
  • Green Deal in Europe

Emphasize the urgency to invest in environmental services, water and waste

Highlight the benefits of investing in our sectors

  • Creation of many jobs that can not be delocalized
  • Essential activities
  • Technological innovation

29-Jul-20

SUEZ 1H20 Results

24

SUEZ contribute to a green, digital and sustainable recovery

Business opportunities in rebound

International

Industry

Technology, smart & new businesses

Health & Quality of Life

Positive Climate Impact

Positive Impact

Waste No More

Local Anchoring

on Natural Capital

Affordable Decentralised

& Compact Plants

Emerging Pollutants

& Pathogens

Biofactories

Circular Materials

Next-gen Chemicals

Positive Impact Models & Tools

Air Quality

Broker Models

Green Energy

Robotics & Augmented Operators

Hazardous Waste

Sustainable Agriculture

Smart Waste

Digitalisation & Automation

GHG & Carbon Tracking /

Capture

Sustainable, Smart &

Customer experience

Healthy Cities

Waste-flow Traceability

& E-commerce

29-Jul-20

SUEZ 1H20 Results

25

APPENDICES

Content

1.

Key figures

28

2.

P&L

30

3.

Cash Flow Statement

40

4.

Balance sheet

42

5.

Activity of divisions

46

6. 2019 and Q1 2020 under the new

segment structure

51

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SUEZ 1H20 Results

27

1.

Key figures

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SUEZ 1H20 Results

28

Key financials H1 2020

I

€

H1 2019

H1 2020

Gross

Organic

Excl. FX

Revenue

8,656

8,167

(5.7)%

(4.5)%

(4.7)%

EBITDA

1,521

1,196

(21.3)%

(18.3)%

(18.8)%

% Revenue

17.6%

14.7%

EBIT

645

76

(88.2)%

(82.8)%

(83.7)%

% Revenue

7.4%

0.9%

Net income (group share)

212

(538)

(354.0)%

Gross cash flow

1,464

754

(48.5)%

Capex

(752)

(626)

(16.8)%

Change in WCR

(396)

(4)

(99.0)%

Net debt

10,614

10,749

+1.3%

Net debt / EBITDA

3.4x

3.7x

+0.3x

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SUEZ 1H20 Results

29

2.

P&L

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SUEZ 1H20 Results

30

Revenue

Revenue

€

(4.5)% organic

8,656

8,167

(82)

(14)

(108)

(247)

(56)

+19

FX

Scope

Water

R&R (1)

ETS (2)

Intercompany

transactions

H1 2019

H1 2020

29-Jul-20

SUEZ 1H20 Results

(1)

Recycling & Recovery

31

(2)

Environmental Tech & Solutions

Revenue by division

H1 2019

H1 2020

in %

Variation

In €m

of total

gross

organic

FX

Scope

WATER

3,374

3,221

39.4%

(4.5)%

(3.2)%

(1.4)%

+0.1%

Europe

1,818

1,754

21.5%

(3.5)%

(3.5)%

(0.1)%

+0.0%

AMECA

398

404

4.9%

+1.4%

+0.6%

+0.7%

-

Asia Pacific

263

239

2.9%

(9.0)%

(7.6)%

(1.1)%

(0.2)%

Americas

895

824

10.1%

(7.9)%

(3.0)%

(5.3)%

+0.4%

RECYCLING & RECOVERY

3,741

3,451

42.3%

(7.7)%

(6.6)%

(0.7)%

(0.4)%

Europe

3,139

2,857

35.0%

(9.0)%

(8.1)%

(0.3)%

(0.5)%

AMECA

53

40

0.5%

(25.8)%

(26.8)%

+0.9%

-

Asia Pacific

532

532

6.5%

(0.1)%

+2.8%

(2.9)%

-

Americas

16

24

0.3%

+44.2%

+44.4%

(0.2)%

-

ENVIRONMENTAL TECH & SOLUTIONS

1,708

1,642

20.1%

(3.8)%

(3.3)%

(0.5)%

(0.1)%

Europe

720

641

7.9%

(10.9)%

(9.8)%

(0.7)%

(0.5)%

AMECA

75

76

0.9%

+1.1%

+1.0%

+0.2%

+0.0%

Asia Pacific

254

231

2.8%

(9.3)%

(8.8)%

(0.9)%

+0.4%

Americas

658

694

8.5%

+5.4%

+5.5%

(0.2)%

+0.2%

Intercos

(167)

(148)

(1.8)%

(11.2)%

(11.2)%

(0.0)%

-

TOTAL

8,656

8,167

100.0%

(5.7)%

(4.5)%

(0.9)%

(0.2)%

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SUEZ 1H20 Results

32

Revenue by division for Q1 and Q2 2020

Q1 2019

Q1 2020

Variation

In €m

gross

organic

FX & Scope

WATER

1,623

1,609

(0.8)%

+0.4%

(1.3)%

Europe

866

855

(1.3)%

(1.3)%

+0.0%

AMECA

194

206

+5.9%

+4.2%

+1.7%

Asia Pacific

118

121

+2.1%

+2.8%

(0.7)%

Americas

445

428

(3.7)%

+1.5%

(5.2)%

R&R

1,863

1,838

(1.3)%

(0.5)%

(0.8)%

Europe

1,551

1,536

(1.0)%

(0.5)%

(0.5)%

AMECA

27

24

(11.5)%

(12.8)%

+1.3%

Asia Pacific

276

268

(3.1)%

(0.1)%

(3.0)%

Americas

8

11

+41.3%

+39.9%

+1.5%

ETS

799

827

+3.4%

+3.1%

+0.4%

Europe

347

339

(2.4)%

(2.6)%

+0.1%

AMECA

33

39

+18.0%

+17.0%

+1.0%

Asia Pacific

106

109

+2.0%

+0.9%

+1.1%

Americas

313

340

+9.0%

+8.6%

+0.3%

Intercos

(75)

(76)

(1.8)%

(1.8)%

(0.0)%

TOTAL

4,210

4,198

(0.3)%

+0.5%

(0.8)%

Q2 2019

Q2 2020

Variation

gross

organic

FX & Scope

1,751

1,612

(8.0)%

(6.6)%

(1.4)%

952

899

(5.6)%

(5.5)%

(0.1)%

204

198

(3.0)%

(2.8)%

(0.2)%

145

119

(18.0)%

(16.2)%

(1.9)%

450

396

(12.1)%

(7.5)%

(4.6)%

1,878

1,613

(14.1)%

(12.7)%

(1.4)%

1,587

1,321

(16.8)%

(15.5)%

(1.2)%

26

15

(41.0)%

(41.4)%

+0.4%

256

264

+3.2%

+5.9%

(2.8)%

9

13

+46.7%

+48.2%

(1.5)%

909

815

(10.3)%

(8.9)%

(1.4)%

373

302

(18.8)%

(16.6)%

(2.3)%

43

37

(11.9)%

(11.4)%

(0.5)%

148

122

(17.5)%

(15.8)%

(1.7)%

346

354

+2.3%

+2.6%

(0.3)%

(92)

(72)

+21.7%

+21.7%

+0.0%

4,446

3,968

(10.7)%

(9.3)%

(1.4)%

29-Jul-20

SUEZ 1H20 Results

33

Income from associates by division

In €m

H1 2019

H1 2020

Variation

Water

84

53

(36.5)%

o/w Acea (23.33% stak e)

30

31

+2.6%

Recycling & Recovery

7

(2)

(128.5)%

Environmental Tech & Solutions

4

4

12.3%

TOTAL

94

55

(41.5)%

29-Jul-20

SUEZ 1H20 Results

34

Revenue, EBITDA and EBIT by division

H1 2019

H1 2020

In €m

Total revenue

8,656

8,167

Water

3,374

3,221

Recycling & Recovery

3,741

3,451

Environmental Tech & Solutions

1,708

1,642

Intercompany transactions

(167)

(148)

Total EBITDA

1,521

1,196

Water

853

682

Recycling & Recovery

521

425

Environmental Tech & Solutions

186

139

Others

(39)

(50)

Total EBIT

645

76

Water

432

108

Recycling & Recovery

210

70

Environmental Tech & Solutions

81

(13)

Others

(78)

(88)

29-Jul-20

SUEZ 1H20 Results

Variation

gross

organic

FX

scope

(5.7)%

(4.5)%

(0.9)%

(0.2)%

(4.5)%

(3.2)%

(1.4)%

0.1%

(7.7)%

(6.6)%

(0.7)%

(0.4)%

(3.8)%

(3.3)%

(0.5)%

(0.1)%

(21.3)%

(18.3)%

(2.5)%

(0.5)%

(20.1)%

(16.4)%

(3.9)%

0.1%

(18.4)%

(16.3)%

(0.7)%

(1.4)%

(25.1)%

(23.6)%

(0.8)%

(0.7)%

(88.2)%

(82.8)%

(4.5)%

(0.9)%

(75.0)%

(69.5)%

(5.7)%

0.2%

(66.5)%

(63.2)%

(0.9)%

(2.4)%

(116.6)%

(111.4)%

(2.9)%

(2.3)%

35

FX impact on Revenue, EBITDA, EBIT and Net Debt

1 EUR =USD GBP AUD CLP

H1 2020 average rate

1.10

0.87

1.68

896

H1 2019 average rate

1.13

0.87

1.60

763

Closing rate at 30/06/2020

1.12

0.91

1.63

924

Closing rate at 30/06/2019

1.14

0.90

1.62

770

FX

o/w an impact from:

€m

H1 2020

impact

USD

GBP

AUD

CLP

Revenue

8,167

(82)

+25

(0)

(23)

(58)

EBITDA

1,196

(38)

+4

(0)

(5)

(35)

EBIT

76

(29)

+1

(0)

(3)

(25)

Net Debt

10,749

(61)

+11

(15)

(2)

(65)

29-Jul-20

SUEZ 1H20 Results

36

From EBITDA to EBIT by division

H1 2020 in €m

Water

R&R

ETS

Other

H1 2020

EBITDA

682

425

139

(50)

1,196

Depreciation

(329)

(288)

(119)

(24)

(761)

Net provisions & impairments

(144)

(23)

(33)

(14)

(215)

Net concession renewal expenses

(101)

(43)

-

-

(144)

Employees compensation plans in shares

(1)

-

-

-

(0)

(0)

EBIT

108

70

(13)

(88)

76

H1 2019, in €m

Water

R&R

ETS

Other

H1 2019

EBITDA

853

521

186

(39)

1,521

Depreciation

(324)

(292)

(114)

(24)

(754)

Net provisions & impairments

(3)

17

9

(13)

10

Net concession renewal expenses

(94)

(37)

-

-

(131)

Employees compensation plans in shares

(1)

-

-

-

(1)

(1)

EBIT

432

210

81

(78)

645

29-Jul-20

SUEZ 1H20 Results

37

From EBIT to Net Income

In €m

H1 2019

H1 2020

Variation

EBIT

645

76

(88.2)%

Restructuring costs

(53)

(55)

+3.4%

Impairments (incl. goodwill amortization)

(24)

(200)

+742.9%

Capital gains and change in scope

6

(17)

(363.7)%

Argentine settlement

215

n.a.

n.a.

IFRIC 21 impact and others (MtM)

(45)

(46)

+2.3%

Income from operating activities

744

(242)

(132.5)%

Financial result

(245)

(218)

(10.9)%

Income tax

(157)

(45)

(71)%

Net Income

342

(504)

(247.4)%

Non-controlling interests

(130)

(34)

(73.7)%

Net Income (Group Share)

212

(538)

(354.0)%

29-Jul-20

SUEZ 1H20 Results

38

Earnings per share

In €m

H1 2019

H1 2020

Net Income Group Share

212

(538)

In Millions

Weighted average number of outstanding shares

618

627

Earnings per share (in euros)

Earnings per share

0.31

(0.89)

Total number of shares at end of June

621,362,759

628,362,579

o/w treasury shares

3,267,425

187,161

29-Jul-20

SUEZ 1H20 Results

39

3.

Cash Flow Statement

29-Jul-20

SUEZ 1H20 Results

40

Investments by nature and division

in €m

Maintenance

Development

Financial

Disposal

Total Net

capex

capex

investments

Investments

Water

(125)

(216)

(6)

2

(345)

Recycling & Recovery

(120)

(66)

(7)

16

(178)

Environmental Tech & Solutions

(55)

(35)

4

1

(85)

Other

(9)

-

(0)

0

(9)

TOTAL H1 2020

(309)

(317)

(10)

19

(617)

in €m

Maintenance

Development

Financial

Disposal

Total Net

capex

capex

investments

Investments

Water

(163)

(272)

5

536

106

Recycling & Recovery

(107)

(102)

(10)

21

(198)

Environmental Tech & Solutions

(55)

(38)

(56)

0

(149)

Other

(14)

-

(4)

0

(18)

TOTAL H1 2019

(340)

(412)

(64)

558

(259)

29-Jul-20

SUEZ 1H20 Results

(1) Includes €(510)m disposal of 20% stake in SUEZ Water Inc.

41

4.

Balance sheet

29-Jul-20

SUEZ 1H20 Results

42

Financial debt and liquidity position

Liquidity position

6,171

Undrawn credit lines(1) 2,163

4,008

Cash(2)

1H 2020

Gross debt(3) maturity profile

In €m

IFRS 16

481(4)

Financial gross debt

261

3,553

216

182

2,419

1,116

136

146

1,089

785

908

607

84

1,201

861

803

908

144

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

>2030

(1) Ex

g €1,272

p p

  1. Cash net of mark-to-market derivatives
  2. Gross debt net of bank overdraft and commercial paper
  3. From 2025

29-Jul-20

SUEZ 1H20 Results

43

Financial Debt

Net debt by currency(1)

Net debt by rate type

GBP 5%

HKD 1%

CLP 11%

USD 21%

Gross debt by type(1)

Others 3%

3%

11%

11%

13%

Floating

14%

Inflation linked

EUR

72%

83%

Fixed - IFRS 16

59%

Fixed

FY 2019

H1 2020

-5%

Bond 74%

Commercial Paper 9% Other 3%

Bank 14%

Gross debt by average maturity, in years(1)

6.5

7.1

FY 2019

H1 2020

29-Jul-20

SUEZ 1H20 Results

(1) Excluding IFRS 16

44

Capital Employed

as of June 30th

In €m

FY 2019

H1 2020

Net goodwill

5,322

5,284

Tangible and intangible assets, net

13,727

13,182

Net financial assets

254

245

Investment in associates

2,024

2,006

Provisions

(1,478)

(1,490)

Rights of use

1,406

1,385

Others

(889)

(782)

CAPITAL EMPLOYED

20,366

19,830

In €m

FY 2019

H1 2020

Water

11,074

10,881

Recycling & Recovery

5,264

4,732

Environmental Tech & Solutions

3,869

4,052

Others

159

164

CAPITAL EMPLOYED

20,366

19,830

29-Jul-20

SUEZ 1H20 Results

45

5.

Activity of divisions

29-Jul-20

SUEZ 1H20 Results

46

EBIT per division

Water

(75.0)% gross

EBIT,

€

(69.5)% organic

(69.3)% excl. FX

432

108

(24)

(53)

+9

(95)

Scope

Volumes

Tariffs

Net Cial.

(160)

& FX

Activity(3)

H1 2019

Works &

H1 2020

others

ETS

(116.6)% gross

EBIT,

€

(111.4)% organic

(113.7)% excl. FX

81

(13)

(4)

(53)

(37)

H1 2019

H1 2020

Scope

Underlying

One-off

& FX

elements

29-Jul-20

SUEZ 1H20 Results

Recycling & Recovery

(66.5)% gross

EBIT, €

(63.2)% organic

(65.6)% excl. FX

210

70

(7)

+9

(95)

(13)

(21)

(13)

Scope

Prices

Volumes &

Commodity

Construction

Other

H1 2019

& FX

mix

prices

H1 2020

47

Non financial KPIs

WATER

Mm 3 sold

H1 2020

∆ 20/19

France

290

(2.4)%

Spain

298

(5.2%

Chile

296

(5.5)%

China

377

(6.4)%

North America

125

+3.0%

Morocco

79

+3.5%

W

DB

k g - €

1.1

(3.6)%

RECYCLING & RECOVERY

Mt

H1 2020

∆ 20/19

Elimination

6.8

(9.8)%

Recovery

9.9

(2.0)%

Energy from Waste

4.4

(1.2)%

Sorting & Recycling

5.5

(2.7)%

Total processed volumes

16.7

(5.4)%

29-Jul-20

SUEZ 1H20 Results

ENVIRONMENTAL TECH & SOLUTIONS

Water Technologies & Solutions

in €m

H1 2020

∆ 20/19

Engineered Systems (ES)

714

(17.4)%

Chemical & Monitoring Solutions (CMS)

485

+3.8%

Total orders

1,199

(9.9)%

Hazardous Waste

mt

H1 2020

∆ 20/19

Elimination

540

(2.0)%

Recovery

698

(13.3)%

Total Hazardous Waste

1,238

(8.7)%

48

Recycling & Recovery

Commodity prices evolution

BDSV Sorte 1 (ferrous metal, recycled) - in €/ton

1.05 (corrugated board) - in €/ton

100

270

261

78

78

240

202

216

64

78

68

206

63

50

170

20

Brent - in €/baril

68

71

65

60

59

56

Average H1 2020

53

47

55

37

Average H1 2019

21

29-Jul-20

SUEZ 1H20 Results

49

Recycling & Recovery

Commodity prices evolution

PET (Virgin material) - in €/ton

PEBD - in €/ton

1375

1325

1,500

1,480

1134

1086

1,400

1,375

1110

1030

940

840

1,190

1,285

830

695

1,255

695

1,125

Electricity - in €/Mwh - CAL 20

51

52

52

51

50

49

49

47

49

47

48

47

Average H1 2020

47

45

46

43

45

Average H1 2019

42

40

38

36

36

35

CAL 21 FR

CAL 21 DE

CAL 21 NL

29-Jul-20

SUEZ 1H20 Results

50

6.

2019 and Q1 2020 under new segment structure

29-Jul-20

SUEZ 1H20 Results

51

2019 under the new segment structure

Revenue, in €m

Q1 2019

H1 2019

9M 2019

FY 2019

WATER

1,623

3,374

5,178

7,151

Europe

866

1,818

2,791

3,849

AMECA

194

398

618

890

Asia Pacific

118

263

400

576

Americas

445

895

1,370

1,835

RECYCLING & RECOVERY

1,863

3,741

5,605

7,566

Europe

1,551

3,139

4,700

6,343

AMECA

27

53

73

97

Asia Pacific

276

532

806

1,083

Americas

8

16

26

43

ENVIRONMENTAL TECH & SOLUTIONS

799

1,708

2,608

3,693

Europe

347

720

1,085

1,508

AMECA

33

75

106

147

Asia Pacific

106

254

378

546

Americas

313

658

1,039

1,493

Intercompany transactions

(75)

(167)

(265)

(395)

TOTAL REVENUE

4,210

8,656

13,127

18,015

29-Jul-20

SUEZ 1H20 Results

52

2019 under the new segment structure

In €m

Q1 2019

H1 2019

9M 2019

FY 2019

REVENUE

4,210

8,656

13,127

18,015

Water

1,623

3,374

5,178

7,151

Recycling & Recovery

1,863

3,741

5,605

7,566

Environmental Tech & Solutions

799

1,708

2,608

3,693

Intercompany transactions

(75)

(167)

(265)

(395)

EBITDA

709

1,521

2,330

3,220

Water

853

1,788

Recycling & Recovery

521

1,067

Environmental Tech & Solutions

186

435

Other

(39)

(70)

EBIT

293

645

1,016

1,408

Water

432

923

Recycling & Recovery

210

411

Environmental Tech & Solutions

81

217

Other

(78)

(143)

29-Jul-20

SUEZ 1H20 Results

53

Q1 2020 Revenue bridges

Water

R

, €

(0.8)% gross

+0.4% organic

+0.5% excl. FX

1,623

1,609

(20)

(32)

+5

+26

+8

Scope

Volumes

Tariffs

Net Cial.

Works &

& FX

Activity(3)

others

Q1 2019

Q1 2020

ETS

+3.4% gross

Revenue,

€

+3.1% organic

+3.1% excl. FX

827

799

+3

+27

(14)

+11

Scope

WTS

Haz. Waste

SES

& FX

Q1 2019

Q1 2020

29-Jul-20

SUEZ 1H20 Results

Recycling & Recovery

(1.3)% gross

R

, €

(0.5)% organic

(0.9)% excl. FX

1,863

1,838

(16)

+53

(32)

(42)

+12

Scope

Prices

Volumes &

Commodity

Construction

& FX

mix

prices

Q1 2019

Q1 2020

54

Disclaimer

This presentation contains estimates and/or forward-looking statements and information. These statements include financial projections, synergies, estimates and their underlying assumptions, statements regarding plans, expectations and objectives with respect to future operations, products and services, and statements regarding future performance.

s sss s g g UEZ's s sp, trends or targets, as the case may be. No guarantee can be given as to the achievement of such forward-looking statements and information.

Investors and holders of SUEZ securities are cautioned that forward-looking information and statements are subject

to various risks and uncertainties, which are difficult to predict and generally beyond the control of SUEZ, and that such risks and uncertainties may entail results and developments that differ materially from those stated or implied in forward-looking information and statements. These risks and uncertainties include, but are not limited to, those discussed or identified in the public documents filed with the Autorité des Marchés Financiers (AMF). Investors and holders of SUEZ securities should consider that the occurrence of some or all of these risks may have a material adverse effect on SUEZ. SUEZ is under no obligation and does not undertake to provide updates of these forward- looking statements and information to reflect events that occur or circumstances that arise after the date of this document.

More comprehensive information about SUEZ may be obtained on its website (www.suez.com).

This document does not constitute an offer to sell, or a solicitation of an offer to buy SUEZ securities in any jurisdiction.

29-Jul-20

SUEZ 1H20 Results

55

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Suez SA published this content on 28 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2020 16:25:09 UTC