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VEOLIA ENVIRONNEMENT

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Veolia Environnement : 2021 annual results - Présentation

06/21/2022 | 12:55pm EDT

FY 2021 Results

17 March 2022

Disclaimer

Veolia Environnement is a corporation listed on the Euronext Paris. This document contains "forward-looking statements" within the meaning of the provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside our control, including but not limited to: the risk of suffering reduced profits or losses as a result of intense competition, the risk that changes in energy prices and taxes may reduce Veolia Environnement's profits, the risk that governmental authorities could terminate or modify some of Veolia Environnement's contracts, the risk that acquisitions may not provide the benefits that Veolia Environnement hopes to achieve, the risks related to customary provisions of divesture transactions, the risk that Veolia Environnement's compliance with environmental laws may become more costly in the future, the risk that currency exchange rate fluctuations may negatively affect Veolia Environnement's financial results and the price of its shares, the risk that Veolia Environnement may incur environmental liability in connection with its past, present and future operations, as well as the other risks described in the documents Veolia Environnement has filed with the Autorités des Marchés Financiers (French securities regulator). Veolia Environnement does not undertake, nor does it have, any obligation to provide updates or to revise any forward- looking statements. Investors and security holders may obtain from Veolia Environnement a free copy of documents it filed (www.veolia.com) with the Autorités des Marchés Financiers.

This document contains "nonGAAP financial measures". These "nonGAAP financial measures" might be defined differently from similar financial measures made public by other groups and should not replace GAAP financial measures prepared pursuant to IFRS standards.

2021 Results

2

TABLE OF CONTENTS

1

Success of the tender

2 An outstanding 2021

3

An ambitious ESG

agenda

offer on Suez

performance

2022 guidance for the

Detailed Veolia 2021

6

Appendices

4 merged Group

5 Operational and

Financial performance

2021 Results

3

1- Success of the Tender Offer

Acquisition of Suez completed on January 18th, 2022

Antoine Frérot, CEO

SUCCESSFUL TENDER OFFER: VEOLIA OWNS 100% OF SUEZ 18 January 2022, a historical day for Veolia

Successful

Tender Offer

Successful

Rights Issue

Antitrust process

Remedies status

2022 Veolia

Suez Merger

priorities

  • Jan.7th : Tender Offer closed 86.2% of Suez shares owned by Veolia
  • Settlement of the Offer on 18/01: 1st day of ownership and consolidation
  • Jan.12th-Jan27th : Offer re-opened 95.95% of Suez shares owned by Veolia (settlement 07/02)
  • Feb.18th : squeeze out of Suez shares
  • Huge success of the €2.5bn rights issue, largely oversubscribed and strong subsequent stock performance
  • Very solid year-end balance sheet, leading to a combined proforma leverage below 3x
  • Success of all antitrust processes (including EU on Dec. 14th, 2021), only UK pending
  • UK antitrust phase 2 ongoing
  • New Suez divestment closed on Jan. 31st 2022
  • EU : French hazardous waste assets of Suez, some industrial water and mobile units (Rev ~€300M)
  • Australia : Suez disposal to Cleanaway in December 2021 before closing + few other treatment assets sold to Remondis (total revenue ~€450M)
  • UK remedies : still to be determined
  • Day 1 : Suez employees have joined progressively Veolia since January 19th 2022 (excl. UK)
  • Future Veolia governance announced
  • Full confirmation of Merger Financial Objectives (€500M synergies; c.40% Current EPS(1) accretion in 2024)
  • 2022 Priorities : operational & commercial integration, merger of IT and processes, roll-out of €100M of synergies, start preparation of strategic plan update
  • Capital Market Day early 2023

2021 Results

5

  1. Current net income per share after hybrid costs and before PPA

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Veolia Environnement SA published this content on 21 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 June 2022 16:54:04 UTC.


© Publicnow 2022
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Sales 2022 39 518 M 40 519 M 40 519 M
Net income 2022 977 M 1 002 M 1 002 M
Net Debt 2022 19 111 M 19 595 M 19 595 M
P/E ratio 2022 18,5x
Yield 2022 4,32%
Capitalization 17 590 M 18 035 M 18 035 M
EV / Sales 2022 0,93x
EV / Sales 2023 0,88x
Nbr of Employees 179 718
Free-Float 93,5%
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Estelle Karine Brachlianoff Chief Executive Officer & Director
Claude Olivier Francois Laruelle Chief Financial Officer
Antoine Frérot Chairman
Christophe Nebon Director-Technical & Performance
Didier Bove CIO, Senior VP-Information Systems & Technology
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