Interim

Financial Report

2021

-

Contents

1

Message from the Chief Executive Officer

3

2

Key figures for the first half of 2021

5

3

Key events of the first half of 2021

7

4

Interim Management Report

13

5

Consolidated Financial Statements of SUEZ at June 30, 2021

19

6

Declaration of the person responsible for the Interim Financial Report

57

7

Statutory Auditors' Review Report on the Half‑yearly Financial Information

59

  • SUEZ|2021 Interim Financial Report

1

Message from

the Chief Executive Officer

I am extremely proud of the results of our SUEZ 2030 plan, initiated only two years ago. In a context made more complex by the pandemic, SUEZ's transformation has quickly borne fruit and results are accelerating in the first half of 2021. Our performance is improving very strongly at all levels, showing a clear acceleration compared to 2019 and a strong rebound compared to 2020. The Group therefore confirms all of its objectives for 2021.

These excellent results were only possible as a result of the dedication and determination of our teams, and I thank them for their unwavering commitment.

Revenue is growing for all business segments. The EBIT margin, up significantly to 9.2%, reflects the Group's selective approach and its expansion in higher value‑added activities. Simplifying our processes has also improved our cash generation: we recorded recurring free cash flow of EUR 484 million at 30 June. Finally, the completion of several disposals also contributed to a significant reduction in the Group's debt, to 2.7 times EBITDA over 12 months. At the same time, SUEZ has continued to invest in innovation and R&D as well as in several strategic acquisitions to expand our ability to offer differentiating solutions.

In addition to the development and performance objectives, my roadmap focuses on the implementation of the agreement concluded with Veolia, particularly in its human resources dimension.

This agreement will give rise to a "new SUEZ": one that is both agile and robust, with a strong French base and significant resources to fuel international growth. Driven by our culture of innovation, our Group will continue to contribute to the preservation and restoration of the environment.

Bertrand Camus

Chief Executive Officer

SUEZ

2021 Interim Financial Report  |SUEZ

3

  • SUEZ|2021 Interim Financial Report

2

Key figures for

the first half of 2021

The table below shows extracts of the income statements and statements of financial position from the condensed consolidated financial statements for the periods ending June 30, 2021 and June 30, 2020.

The following financial information should be read in conjunction with the interim condensed consolidated financial statements and the interim management report which follow.

(in millions of euros)

June 30, 2021

June 30, 2020

Revenues

8,711.3

8,166.6

EBITDA (a)

1,600.7

1,196.4

Net income Group share

298.3

(538.2)

Net debt

8,624.8

9,610.9

at June 30, 2021

at December 31, 2020

(a) The EBITDA indicator is presented without IFRIC 21 impact.

2021 Interim Financial Report  |SUEZ

5

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Suez SA published this content on 28 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2021 16:03:11 UTC.