Q1 2020
Financial Results
& Covid-19 Update
30th April 2020
Today's agenda
Q1 2020 performance: good start to the year offset by Covid-19 impacts in March
Explain Covid-19 impacts on Q1 and in March / April
SUEZ anticipates, adapts and prepares for exit and rebound
2 | Q1 2020 Results | 30th April 2020
Mobilised to adapt
to Covid-19
Bertrand Camus
Chief Executive Officer
3 I Q1 2020 Results | 30th April 2020
Mobilised to adapt to Covid-19 crisis
Ensure continuity of our essential services while guaranteeing employee safety
Anticipate and prepare for the redeployment of business activities
around the world
Mobilize to serve our clients
Large, small, private individuals and industries across the world
Engage measures to mitigate potential impacts on operational
performance
4 | Q1 2020 Results | 30th April 2020
All teams highly engaged
Guarantee employee safety
Equip our teams with the adapted
PPE
Adapted operational procedures
5 | Q1 2020 Results | 30th April 2020
Covid-19 infected & suspected cases
Weekly employee follow up
In % of employees, per region
Group | Europe | North America | ||||||||||||||||||||||||||
1,76 | 1,73 | 2,13 | 2,06 | 1,97 | ||||||||||||||||||||||||
0,99 | 0,98 | 1,44 | ||||||||||||||||||||||||||
0,58 | 0,79 | 0,76 | 0,70 | 0,59 | 0,49 | 0,70 | 0,82 | 0,68 | 0,52 | |||||||||||||||||||
0,30 | ||||||||||||||||||||||||||||
0,22 | 0,26 | |||||||||||||||||||||||||||
Mar 16 Mar 23 Mar 30 | Apr 6 | Apr 13 Apr 20 | Apr 27 | |||||||||||||||||||||||||
Mar 16 Mar 23 Mar 30 Apr 6 Apr 13 Apr 20 Apr 27 | Mar 16 Mar 23 Mar 30 Apr 6 Apr 13 Apr 20 Apr 27 | |||||||||||||||||||||||||||
AMECA | Asia - Pacific | South America | ||||||||||||||||||||||||||
0,12 | 0,19 | 0,34 | 0,29 | 0,22 | 0,19 | 0,28 | ||||||||||||||||||||||
0,02 0,01 | 0,04 | - | - | - | 0,05 | - 0,01 0,01 | 0,02 | 0,02 | - | - | ||||||||||||||||||
Mar 16 Mar 23 Mar 30 Apr 6 Apr 13 Apr 20 Apr 27 | ||||||||||||||||||||||||||||
Mar 16 Mar 23 | Mar 30 | Apr 6 Apr 13 Apr 20 | Apr 27 | Mar 16 Mar 23 Mar 30 | Apr 6 | Apr 13 Apr 20 | Apr 27 | |||||||||||||||||||||
6 | Q1 2020 Results | 30th April 2020 | AMECA = Africa, Middle East, Central Asia |
Business continuity plan activated
Success in adapting to Covid-19
Europe 25%
62% | 24% | North | |
America | 59% | ||
On site / | Teleworking | ||
Office | 54% 37% | 16% |
9%10%
3%
14% | 16% | 87% | ||||
Inactive | ||||||
16% | ||||||
Asia - | ||||||
Latin | 39% | 68% | ||||
42% | AMECA | Pacific | ||||
Agile and committed | America | |||||
19% | ||||||
workforce |
Figures as of April 28th
Size of the pie chart illustrates the proportion of workforce in the geographical area
7 | Q1 2020 Results | 30th April 2020 | AMECA = Africa, Middle East, Central Asia |
Committed to support our customers
Reinforced closeness with clients - large, small, private individuals and industries
Ensure full reliability to accompany our clients
Roll out seamless business continuity
Be ready for the post lockdown period
8 | Q1 2020 Results | 30th April 2020
Support critical operations during the health crisis
Working differently with our clients
Continuity
Adaptation
Food&Beverage
Global Key Account (PL)
Conventional waste collection & recovery maintained to secure our F&B customer continuity of operation
Chemicals
ARKEMA (FR)
Hazardous Waste continuity allowing customer to switch production to hydroalcoholic gels
Food&Beverage
COCAMAR (BRA) WTS Insight solution
Continuity of service through remote control for water treatment of F&B factory producing food in crisis time
Smart City solutions
On'Dijon (FR)
The 100% connected operation of "OnDijon" has helped to better manage the coronavirus crisis. The cockpit helps make decisions faster
Health-care waste management
Île de France / Grand Est (FR)
+40% surge in volumes of medical waste.
Specific expertise, with 7 EfW equiped to receive and treat infectious waste.
Sealed bins, automatic disinfection.
VALO'MARNE and Sausheim facilities are run with extended operating hours to adjust to the rise in volume of waste
9 | Q1 2020 Results | 30th April 2020
Prepare business activity for lockdown exit
Supporting our clients
Experience from China
Proven reliability of our Industrial assets in China to accompany our clients in ramp-upphase
Collaboration & experience sharing
to transpose to other regions
Anticipate the recovery with increased commercial intensity
10 | Q1 2020 Results | 30th April 2020
Focus on Financials
Julian Waldron
Chief Financial Officer
11 I Q1 2020 Results | 30th April 2020
Q1 highlights (excluding Covid-19)
> Solid organic growth at WTS | > Low volumes in R&R Australia | ||
> | Working capital | > | Commodity prices |
> | Pricing momentum in Recycling & Recovery | > | Drought in Chile |
- Commercial wins
12 | Q1 2020 Results | 30th April 2020
Key financials Q1 2020
Revenue and EBIT growth impacted by global context of Covid-19
In €m | Q1 2019 | Q1 2020 | Gross | Organic |
Revenue | 4,210 | 4,198 | (0.3)% | +0.5% |
EBITDA | 709 | 676 | (4.7)% | (1.5)% |
% Revenue | 16.9% | 16.1% | ||
EBIT | 293 | 231 | (21.2)% | (14.9)% |
% Revenue | 7.0% | 5.5% | ||
Q1 2019 | Q1 2020 | Gross | ||
Net debt | 10,367 | 10,402 | +0.3% | |
Net debt / EBITDA | 3.3x | 3.3x |
- FX impacts
€(27)m on Revenue
- Commodity impacts
€(43)m on Revenue
- Working Capital Requirement & Capex lower year-on-year
13 | Q1 2020 Results | 30th April 2020
Covid-19: focus on the recovery in China
Focus on Hazardous Waste
Tons per week, base 100 week 1, 2020
160
130
100
70
40
2020
- Sharp decrease from week 4 with 6 hazardous waste facilities shut down
- Volumes at SCIP volatile but hold on
- Weekly volatility relatively high
Focus on Water volumes
Tons per week, base 100 week 1, 2020
120
100
80
60
2020
- Volume decrease in tourism exposed areas, mainly Macao
- c.20% decrease in volumes in week 4, progressively recovering up to week 12
Estimated impact on EBIT in China at €30m to €40m in 2020 confirmed
14 | Q1 2020 Results | 30th April 2020
Covid-19: impact in Water - end Q1
- Reduction in volumes observed in some geographies, mainly linked to tourism
- Europe: tourism-dependent places in France and Spain impacted by lower consumption
- No significant impact observed so far in North America
- Chile equally impacted by drought and Covid-19
- We have suspended disconnections in all impacted geographies
- Construction projects generally stopped
Trends in volume,
France
Single digit growth
Single digit decrease
Double digit decrease
15 | Q1 2020 Results | 30th April 2020
Covid-19: impact in Water - April / Today
Varied impacts: illustration
> North America | > Czech Republic |
Volumes sold have remained | Implementation of containment |
in line with historical trends | measures led to a slowdown in |
volumes from Mid-March | |
Positive trend observed since | |
the second half of April, with | |
progressive restart of economy |
> Spain (tourism)
Tourism regions like the Canaries and Balearic Islands facing a severe decrease in volumes
Lockdown measures expected to be maintained at least until end-May
Magnitude of the slowdown - illustration
16 | Q1 2020 Results | 30th April 2020
Covid-19: impact in Recycling & Recovery - end Q1
- Europe most impacted area, with strong differences between countries
- Sharp decline of I&C collected and treated volumes, driven by industrial production slowdown and store closures
- Rapid implementation of mitigation measures (interventions, logistics, interims, partial unemployment)
- Saturation of EfW facilities maintained
R&R revenue exposure
% of 2018 revenue, by industry
Other Industries & Services 22%
Environmental Services 17%
Metallurgy 14%
Services 14%
Wholesale, Retail Trade, 8%
Power 7%
Pulp & Paper 6%
Construction, Deconstruction &
Materials 6%
Food & Beverage 3%
Chemical & Pharmaceutical 3%
Oil & Gas 1%
17 | Q1 2020 Results | 30th April 2020
Covid-19: impact in Recycling & Recovery - April / Today
Varied impacts: illustration
> Germany
Global volumes of processed waste maintaining, despite lower contribution from I&C
Weekly follow-up of I&C orders, base 100 9/03/2020
150
100
50
0
9/3 | 16/3 | 23/3 | 30/3 | 6/4 | 13/4 | 20/4 |
> Australia
As was anticipated, slowdown in infrastructure works leads to a reduction in landfill volumes
I&C volumes down in the three first weeks of April
> France
I&C volumes strongly impacted
Municipal waste impacted notably by cessation of large and green waste collection - part of those volumes should be recovered after lockdown
Magnitude of the slowdown - illustration
18 | Q1 2020 Results | 30th April 2020
Covid-19: impact in Environmental Tech & Solutions - Q1 / April / Today
Focus per division
- Hazardous Waste affected by low volumes
- Minerals hit by stop of all civil and constructions works, Chemicals resisting well
- Lower activity in remediation in Europe
- Fall in volumes in Asia due to plants closure in February
- WTS quite resilient up to now
- Supply chain impact in China
- Rest of business proving resilient through April
- SES: contained impact over Q1, solid trend in orders
- Digital and Consulting activities resisting well
- Environmental Quality Monitoring impacted by slowdown in economic activity, Consulting by lockdown
ETS revenue exposure
% of 2018 revenue, by industry
Municipal 19%
Oil & Gas 16%
Chemical & Pharmaceutical 13%
Other Manufacturing 10%
Power 8%
Environmental Services 7%
Food & Beverage 6%
Construction, Deconstruction &
Materials 4%
Electronic and Electric Products 4 %
Metallurgy 4 %
Other industry & services 10 %
19 | Q1 2020 Results | 30th April 2020
Covid-19: mitigation actions
Swift adaptation of our operations and cost structure
Cost management | Operational adjustments | |||||
Reduced consumption, driven by partial closure HQs | Non-critical business postponed | |||||
Travel freeze | Part time / furlough of employees in line with activity | |||||
slowdown | ||||||
Reduce or replace subcontractors | ||||||
Negotiated compulsory holiday period for French | ||||||
Terminate interim missions, in line with activity decrease | employees during the containment and activity slowdown | |||||
Investments reduction | ||||||
Total 2020 investments reduced by c.15% | ||||||
Non-critical maintenance operations postponed |
20 | Q1 2020 Results | 30th April 2020
Covid-19: uncertainty on the remaining duration of the containment measures and speed of the economic recovery
China
Europe
Americas
AMECA
EBIT
impact
Q1 2020
Full impact
Full impact
for c. 2 weeks
Full impact
For c. 1-2 weeks
Full impact
for c. 2 weeks
around €60m
April 2020
Lower impact
Full impact
Full impact
Full impact
- Lower impact in China
- Full impact elsewhere
Going forward
- Mitigation actions to continue
- Volumes stable at this point
- Commodities volatile but paper and oil now positive
-
Governments determined to reopen economies
in April / May / June
21 | Q1 2020 Results | 30th April 2020
A strong reinforcement of our liquidity
April financing operations
- Issuance of €850m of senior bonds;
- Repayment of €100m and issuance of €340m of private placements;
- Repayment of €240m and issuance of €265m of commercial paper;
- Extension of main €2.5bn revolving credit facility for 1 additional year to April 2025;
Liquidity position
In €bn
5,566
5,257 | ||
4,476 | ||
2,002 | ||
Undrawn | 2,658 | |
2,002 |
credit lines
3,564 | ||||||
Cash(1) | 2,599 | 2,474 | ||||
31 Dec. 2019 | 31 Mar. 2020 | Pro forma |
following April refinancing
operations
22 | Q1 2020 Results | 30th April 2020
(1) Cash net of mark-to-market derivatives
Organising for rebound
Bertrand Camus
Chief Executive Officer
23 I Q1 2020 Results | 30th April 2020
Shaping SUEZ 2030 helping better position the Group
- Reinforce selectivity
- Support our customers maintaining an open dialog with Municipalities/I&C/Industrials
- Anticipate opportunities by identifying potential shift in businesses/eco-system/customers
- Performance plan essential to adapt, mitigate and prepare for lockdown exit
- Wave 1 rolled out as planned and strong short-term additional measures taken
- Monitor health and well-being of employees and social climate
- Reallocate our capital resources
- Moving forward on our asset rotation plan
- Total 2020 investments down by around 15% compared to 2019 levels
24 | Q1 2020 Results | 30th April 2020
Shaping a sustainable environment, now!
- All the more relevant solutions with positive impact on health, quality of life and the protection of the natural capital
- Cultural change at every level of the Group
- Contribution to a sustainable environment reaffirmed
- Work in close collaboration with governments and authorities
- European green deal
- Stimulus package taking into account climate change, biodiversity and environment protection
25 | Q1 2020 Results | 30th April 2020
9M 2019 Financial Results
Appendices
26 I Q1 2020 Results | 30th April 2020
Table of contents
1. | 2019 Revenue, EBITDA, EBIT under the new segment structure | 28 | |
2. | Q1 | 2020 Revenue | 31 |
3. | Net debt evolution in Q1 2020 | 37 | |
4. | Q1 | 2020 operational KPIs | 39 |
27 I Q1 2020 Results | 30th April 2020
9M 2019 Financial Results
Appendix 1
2019 Revenue, EBITDA, EBIT under the new segment structure
28 I Q1 2020 Results | 30th April 2020
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 | 1,608 | 3,340 | 5,127 | 7,055 | |
Recycling & Recovery | 1,837 | 3,692 | 5,530 | 7,463 | |
Environmental Tech & Solutions | 800 | 1,706 | 2,606 | 3,690 | |
Intercompany transactions | (35) | (82) | (136) | (193) | |
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 I Q1 2020 Results | 30th April 2020
2019 under the new segment structure
Revenue, in €m | Q1 2019 | H1 2019 | 9M 2019 | FY 2019 |
WATER | 1,608 | 3,340 | 5,127 | 7,055 |
Europe | 856 | 1,796 | 2,758 | 3,794 |
AMECA | 193 | 394 | 610 | 865 |
Asia Pacific | 116 | 261 | 397 | 572 |
Americas | 443 | 889 | 1,362 | 1,824 |
RECYCLING & RECOVERY | 1,837 | 3,692 | 5,530 | 7,463 |
Europe | 1,525 | 3,090 | 4,625 | 6,240 |
AMECA | 27 | 53 | 73 | 97 |
Asia Pacific | 276 | 532 | 806 | 1,083 |
Americas | 8 | 16 | 26 | 43 |
ENVIRONMENTAL TECH & SOLUTIONS | 800 | 1,706 | 2,606 | 3,690 |
Europe | 348 | 718 | 1,083 | 1,504 |
AMECA | 33 | 75 | 106 | 147 |
Asia Pacific | 106 | 254 | 378 | 546 |
Americas | 313 | 658 | 1,039 | 1,494 |
Intercompany transactions | (35) | (82) | (136) | (193) |
TOTAL REVENUE | 4,210 | 8,656 | 13,127 | 18,015 |
30 I Q1 2020 Results | 30th April 2020 | AMECA = Africa, Middle East, Central Asia |
9M 2019 Financial Results
Appendix 2
Q1 2020 Revenue
31 I Q1 2020 Results | 30th April 2020
Revenue +0.5% on an organic basis
Revenue in €m
+0.5% organic
4,210 | 4,198 |
(27) | (5) | +10 | (5) | +23 | (8) |
FX | Scope | Water | R&R (1) | ETS (2) | Intercompany |
transactions |
Q1 2019 | Q1 2020 | |
(1) Recycling & Recovery | (2) Environmental Tech & Solutions | |
32 I Q1 2020 Results | 30th April 2020
Water
Organic revenue growth +0.6%
Revenue, in €m
Volumes down in first quarter in | ||||||||||||
(0.6)% gross | - Europe and China hit by Covid-19 | |||||||||||
+0.6% organic | ||||||||||||
+0.7% excl. FX | - Chile impacted by water restriction measures | |||||||||||
Tariffs up 1.7% in France and +2.0% in Chile, down -1.3% | ||||||||||||
1,608 | ||||||||||||
1,598 | ||||||||||||
in Spain | ||||||||||||
(20) | (32) | +5 | +26 | +11 |
Scope | Volumes(1) | Tariffs(2) | Net Cial. | Works and |
& FX | Activity(3) | others |
- Commercial activity benefited from the start of Toulouse contract in France
Q1 2019 | Q1 2020 |
(1) At iso contracts
33 I Q1 2020 Results | 30th April 2020 (2) Escalation formula
(3) Net balance between contracts gained / renewed / lost & amended
Recycling & Recovery
Revenue down (0.3)% organically
Revenue, in €m
Processed waste volumes down (3.3)%, reflecting the | ||||||||||||||
(1.1)% gross | ||||||||||||||
(0.3)% organic | impact of population containment on I&C customers and | |||||||||||||
(0.7)% excl. FX | industrial production slowdown in March | |||||||||||||
Negative impact from commodities prices, on a declining | ||||||||||||||
1,837 | 1,816 | |||||||||||||
trend in Q1 |
(16) | +53 | (28) | (42) | +12 |
Scope | Prices | Volumes & mix | Commodity | Construction |
& FX | Prices |
- Construction activities slowed due to global context of Covid-19
Q1 2019 | Q1 2020 |
34 I Q1 2020 Results | 30th April 2020
Environmental Tech & Solutions
Dynamic activity supported by commercial wins
Revenue, in €m
+3.3% gross
+2.9% organic
+2.9% excl. FX
Solid performance of both Water Technologies &
Solutions and SES
800 | 826 | |||
+3 | +26 | (13) | +11 | |
Scope | Water | Hazardous | SES | |
& FX | Technologies | Waste | ||
& Solutions | ||||
Q1 2019 | Q1 2020 |
Hazardous Waste strongly impacted by volume slowdown both in China and in Europe
35 I Q1 2020 Results | 30th April 2020
Revenue by division
Q1 2019 | Q1 2020 | in % | Variation | ||||
In €m | of total | gross | organic | FX | Scope | ||
WATER | 1,608 | 1,598 | 38.1% | (0.6)% | +0.6% | (1.4)% | +0.1% |
Europe | 856 | 851 | 20.3% | (0.6)% | (0.6)% | +0.0% | - |
AMECA | 193 | 201 | 4.8% | +4.3% | +2.6% | +1.8% | - |
Asia Pacific | 116 | 120 | 2.9% | +3.3% | +4.0% | (0.7)% | - |
Americas | 443 | 426 | 10.1% | (3.9)% | +1.4% | (5.6)% | +0.3% |
RECYCLING & RECOVERY | 1,837 | 1,816 | 43.3% | (1.1)% | (0.3)% | (0.4)% | (0.4)% |
Europe | 1,525 | 1,514 | 36.1% | (0.8)% | (0.3)% | (0.0)% | (0.5)% |
AMECA | 27 | 24 | 0.6% | (11.5)% | (12.8)% | +1.3% | - |
Asia Pacific | 276 | 268 | 6.4% | (3.1)% | (0.1)% | (3.0)% | - |
Americas | 8 | 11 | 0.3% | +41.3% | +39.9% | +1.5% | - |
ENVIRONMENTAL TECH & SOLUTIONS | 800 | 826 | 19.7% | +3.3% | +2.9% | +0.4% | +0.0% |
Europe | 348 | 338 | 8.1% | (2.8)% | (2.4)% | +0.1% | (0.5)% |
AMECA | 33 | 39 | 0.9% | +18.0% | +15.2% | +2.8% | - |
Asia Pacific | 106 | 109 | 2.6% | +2.0% | +0.9% | +0.2% | +0.9% |
Americas | 313 | 341 | 8.1% | +9.0% | +8.2% | +0.5% | +0.3% |
Intercos | (35) | (43) | (1.0)% | +22.2% | +22.2% | (0.0)% | - |
TOTAL | 4,210 | 4,198 | 100.0% | (0.3)% | +0.5% | (0.6)% | (0.1)% |
36 I Q1 2020 Results | 30th April 2020 | (1) Mainly SUEZ Consulting |
Appendix 3
Appendix 3
Net debt evolution in Q1 2020
37 I Q1 2020 Results | 30th April 2020
Net debt evolution in Q1 2020
10,151 | 10,402 | |||
(470) | +295 | +374 | +51 | |
Gross Cash | Change in | Capex | Others | |
Flow | WCR | Of which | ||
+182 | +192 | |||
3.3x | Maintenance Development | 3.3x | ||
Capex | Capex | |||
ND/EBITDA | ||||
ND/EBITDA | ||||
Net debt | Net debt | |||
31/12/2019 | 31/03/2020 | |||
38 | Q1 2020 Results | 30th April 2020 |
Appendix 4
Q1 2020 operational KPIs
39 I Q1 2020 Results | 30th April 2020
Non financial KPIs
WATER
(1) | Q1 2020 | ∆ 20/19 |
Mm 3 sold | ||
France | 133 | (1.8)% |
Spain | 151 | +1.1% |
Chile | 167 | (2.4)% |
China | 178 | (6.8)% |
North America | 53 | (1.3)% |
Morocco | 37 | +4.6% |
Water DB backlog - €bn (3) | 1.1 | (3.2)% |
RECYCLING & RECOVERY
Mt | Q1 2020 | ∆ 20/19 |
Elimination | 3.5 | (8.1)% |
Recovery | 5.1 | +0.3% |
Energy from Waste | 2.2 | (1.7)% |
Sorting & Recycling | 2.9 | +2.0% |
Total processed volumes | 8.6 | (3.3)% |
ENVIRONMENTAL TECH & SOLUTIONS
Water Technologies & Solutions | ||
∆ 20/19 (2) | ||
in €m | Q1 2020 | |
Engineered Systems (ES) | 381 | (7.5)% |
Chemical & Monitoring Solutions (CMS) | 244 | +7.5% |
Total orders | 625 | (2.1)% |
Hazardous Waste | ||
Mt | Q1 2020 | ∆ 20/19 |
Elimination | 200 | +1.3% |
Recovery | 280 | (4.2)% |
Total Hazardous Waste | 480 | (2.0)% |
(1) At iso contracts
40 I Q1 2020 Results | 30th April 2020 (2) Organic growth
(3) Variation vs December 31st, 2019
Recycling & Recovery Europe
Commodity prices evolution
BDSV Sorte 1 (ferrous metal, recycled) - in €/ton | 1.05 (corrugated board) - in €/ton | |||||
270 | 78 | 78 | ||||
240 | ||||||
216 | ||||||
250 | 202 | 64 | ||||
68 | 74 | |||||
218 | 63 | 50 | ||||
170 | 30 | |||||
20 | ||||||
20 | ||||||
Brent - in €/baril |
Average Q1 2020 | ||||||
68 | 71 | |||||
Average Q1 2019 | ||||||
65 | 60 | 59 | ||||
53 | 58 | 55 |
47 | ||
42
21
41 I Q1 2020 Results | 30th April 2020
Recycling & Recovery Europe
Commodity prices evolution
PET (Virgin material) - in €/ton | PEBD - in €/ton | |||||
1375 | 1325 | |||||
1086 | 1,500 | 1,480 | ||||
1134 | 1110 | 1,400 | 1,375 | |||
1,080 | 940 | 1,295 | ||||
824 | ||||||
1,218 | ||||||
1,285 | ||||||
880 | 1,255 | |||||
788 | 1,205 | |||||
Electricity - in €/Mwh - CAL 20 |
51 | 52 | 52 | 51 | |||||
49 | 47 | 50 | 49 | |||||
47 | ||||||||
46 | 47 | 45 | ||||||
45 | ||||||||
40 | 40 | CAL 21 FR | ||||||
CAL 21 DE |
36 | CAL 21 NL | |
36 | ||
Average Q1 2020
Average Q1 2019
42 I Q1 2020 Results | 30th April 2020
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. Such statements do not constitute forecasts regarding SUEZ's results or any other performance indicator, but rather 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.
43 Q1 2020 Results | 30th April 2020
CONTACTS
FINANCIAL COMMUNICATION
Mathilde Rodié
E-mail: mathilde.rodie@suez.com
Cécile Combeau
E-mail: cecile.combeau@suez.com
Baptiste Fournier
E-mail: baptiste.fournier@suez.com
E-mail: financial.communication@suez.com
Tel: + 33 (0)1 58 81 24 05
SUEZ
Tour CB21 - 16, place de l'Iris 92040 Paris La Défense Cedex
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