Veolia Environnement : Operating and financial review - Consolidated Financial Statements at September 30, 2022
November 09, 2022 at 01:51 pm EST
Share
OPERATING & FINANCIAL REVIEW
Consolidated Financial Statements
at September 30, 2022
(unaudited figures)
1
SUEZ INTEGRATION
5
1.1
Integration of the Suez scope
5
1.2
Impact of the integration on the preparation of the Q3 2022 financial statements
6
2
MAJOR EVENTS OF THE PERIOD
8
2.1
Business and income trends
8
2.2
Impact of the Russian-Ukrainian conflict
8
2.3
Changes in Group structure - Strategic Program
9
2.4
Group financing
10
2.5
Performance shares
10
2.6
Changes in governance
11
3
ACCOUNTING AND FINANCIAL INFORMATION
13
3.1
Key figures
13
3.2
Group's revenue
14
3.3
Group EBITDA
19
3.4
Other income statement items
20
4
FINANCING
22
4.1
Change in Free Cash Flow and Net Financial Debt
22
5
OTHER ELEMENTS
24
5.1
Outlook
24
6
APPENDICES
26
6.1
Combined data as of September 30, 2021
26
6.2
Reconciliation of 2021 published data by operating segment with IFRS 8 restated data
26
6.3
Definitions
27
VEOLIA ENVIRONNEMENT / COMMENTS ON THE RESULTS AS OF SEPTEMBER 30, 2022
1
VEOLIA ENVIRONNEMENT
OPERATING and FINANCIAL REVIEW
Consolidated Financial Statements
at September 30, 2022
2022
2 VEOLIA ENVIRONNEMENT / COMMENTS ON THE RESULTS AS OF SEPTEMBER 30, 2022
Message from the Chief Executive Officer
Estelle Brachlianoff, Chief Executive Officer of the Group, commented: « After an excellent first half of the year, showing both very strong revenue and EBITDA growth, Veolia continued in Q3 with a similar trajectory with continued very strong growth of all its activities, water, waste and energy. Our tariff indexation business models with municipal clients as well as our strict pricing discipline with industrial clients have enabled us to absorb cost inflation and deliver strong earnings growth.
This very good performance is also the result of an integration of Suez ahead of schedule. The implementation of the synergies is a good illustration : with 98 million euros delivered in 9 months, we have already reached our annual target. The speed and fluidity with which the teams of Veolia and Suez have come together and are working together is a great satisfaction. I want to thank all of them for the energy and enthusiasm they show every day in the service of our great ambition to become the world leader of the ecological transformation.
These very good results allow us to fully confirm all our 2022 objectives and to be very well positioned for another year of strong growth in 2023."
VEOLIA ENVIRONNEMENT / COMMENTS ON THE RESULTS AS OF SEPTEMBER 30, 2022
3
SUEZ INTEGRATION
4 VEOLIA ENVIRONNEMENT / COMMENTS ON THE RESULTS AS OF SEPTEMBER 30, 2022
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Veolia Environnement SA published this content on 09 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2022 18:50:09 UTC.
Veolia Environnement is the world leader in environmental management services. Net sales break down by activity as follows:
- water-related services (42.2%; No. 1 worldwide): water resources management, drinking water distribution and delivery, wastewater collection, treatment and recovery, engineering, design, construction of water treatment facilities and customer relationship management, etc.;
- waste management services (36.5%; no. 1 worldwide): collection, treatment and recycling of liquid, solid, non-hazardous and hazardous waste, waste treatment and recovery through composting, energy recovery from waste, etc. Veolia Environnement also provides urban waste management services (maintenance and cleaning of public spaces, provision of mechanized street cleaning and façade treatment services), maintenance of industrial sites, and dismantling of industrial facilities and equipment at the end of their useful life;
- energy services (21.3%; No. 1 in Europe): delegated management of urban heating and air conditioning networks, management of thermal and multi-technique services (operation of heating systems, facility design, construction, and maintenance, etc.) and industrial services (industrial process analysis, production equipment operation, service, and maintenance), general management of buildings and public lighting.
Net sales are distributed geographically as follows: France (22.5%), Europe (41.6%), North America (7.9%), Asia (6%), Pacific (4.6%), Latin America (4%), Africa and Middle East (3.5%) and other (9.9%).