Fiscal 2024 results

October 24, 2024

Summary

01

Fiscal 2024 highlights

02

Financial performance

03

Review of Operations

04

Outlook

05

Q&A

06

Appendices

Figures have been prepared in thousands of euro and published in millions of euro

Please refer to Appendix 13 for Alternative Performance Measure definitions

Fiscal 2024 results - October 24, 2024 - © Sodexo 2024. All rights Reserved

2

01 Fiscal 2024 highlights

2 major steps for further focus

Simplification of the

Spin-off

shareholding structure

of Pluxee

with the sale of the

in February

19.6% stake in Bellon SA

in August

Fiscal 2024 results - October 24, 2024 - © Sodexo 2024. All rights Reserved

4

01 Fiscal 2024 highlights

Strong financial delivery in FY24

Sodexo continuing activities

Organic Growth

UOP margin

+7.9%

4.7%

Revenues: €23.8bn

+40bps vs LY

Food

Underlying

Organic Growth

Net income

+9.3%

+17.6%

Financial leverage

1.7x

vs 2.2x in FY23

Free

Cash Flow

€661m

Fiscal 2024 results - October 24, 2024 - © Sodexo 2024. All rights Reserved

5

01 Fiscal 2024 highlights

Refocus on Food and targeted growth in FM

Food & FM services

mix optimized

66%

of FY24

revenues

+2 points vs FY23

Scaling innovation

New off-site production &

distribution models revenues

5% of Food revenues

On-going deployment

of branded offers

37%

of Food revenues

Data-driven FM

to enhance consumer experience & support client sustainability journeys

>€500m revenue renewed with Global clients in FY24

Fiscal 2024 results - October 24, 2024 - © Sodexo 2024. All rights Reserved

6

01 Fiscal 2024 highlights

Key strategic enablers

#1 TECH & DATA

  • Spend continuing to increase
  • "Move to Cloud" accelerating efficiency, mutualization, and consumer acquisition
  • Anchoring AI in operations

>€600m spend

in FY24

Fiscal 2024 results - October 24, 2024 - © Sodexo 2024. All rights Reserved

#2 COMMERCIAL

EXCELLENCE

  • Strong processes & tools in place
  • Systematic targeting & prioritization
  • Clients for Life reinforced training to better anticipate renewals
  • Active promotion of our branded offers

Targeted Pipeline

up +25%

7

#3 SUPPLY CHAIN POWER

  • Rationalizing SKUs and improving catalogue compliance
  • Growing Entegra revenues based on the addressable spend of €38bn
  • Investment in talents & digital tools

+400bps in catalogue

compliance

01 Fiscal 2024 highlights

Strengthen our impact as market maker in sustainability

People

A safer place to work

0.47 LTIR (-14.5%vs. FY23)

A better place to work

81.5% employee retention

Vita deployment

on track to reach 60% coverage target

An inclusive place to work

41% of women in

Senior Executives roles

Planet

Progress on emissions

-2.5% yoy scope 1, 2 & 3

GHG emissions

73% renewable electricity

in direct operations (vs 57.4% in FY23)

Food waste down

-40.7%reduction on sites representing 76.9% of total food Raw Material Cost (vs. 57% in FY23)

Fiscal 2024 results - October 24, 2024 - © Sodexo 2024. All rights Reserved

8

01 Fiscal 2024 highlights

Commercial momentum (1/2)

Solidly positive net new

2.0%

2.2%

1.6%

0.1%

2017-19 FY22 FY23 FY24 average

Retention impacted by large FM

contract loss for 60bps

94.5%

95.2%

94.2%

93.5%

2017-19

FY22

FY23

FY24

average

Record new wins at €1.6bn

7.5%

7.0%

7.4%

6.5%

2017-19

FY22

FY23

FY24

average

Annualized revenue of contracts signed or lost during the fiscal year as a percentage of prior year revenue

Fiscal 2024 results - October 24, 2024 - © Sodexo 2024. All rights Reserved

9

01 Fiscal 2024 highlights

Commercial momentum (2/2)

Record development including cross-selling at €1.9bn

Increasing share of Food services in new development

€1.7bn

€1.9bn

€1.5bn

0.2

0.3

0.2

1.6

Cross-selling (€bn)

1.3

1.4

New sites (€bn)

FY22

FY23

FY24

32%

26%

26%

13%

13%

9%

55%

61%

65%

FY22

FY23

FY24

Facilities management

Integrated solutions including food services

Food services

Retention impacted by large FM contract loss

Retention breakdown

Solid commercial First-time outsourcing (FTO) momentum in North America in FY24

FY24 New development by source

FY24 client retention

94.2%

80%

0.6% Large FM contract loss 0.3% Two E&R Latam losses

4.9% Other losses (o.w site closures 0.4%)

100%

From

From FTO

Competition 43%

57%

Fiscal 2024 results - October 24, 2024 - © Sodexo 2024. All rights Reserved

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Sodexo SA published this content on October 24, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on October 24, 2024 at 05:11:24.608.