Veolia Environnement : Strategy Day - Green Up Presentation

Estelle Brachlianoff

CEO

The market has never been as big and in need of a global champion

Adaptation
to Climate	Climate
Change		Affordability
	Change
	Strategic
	Mitigation
	independence &
Biodiversity		Reindustrialization
Natural
Resources
Scarcity	Health &
	Environment

Largegrowing

market with potential

estimated at€2500bn

> €500bn

for decarbonization

> €600bn

for regeneration of resources

> €1,400bn

for depollution

4

A value proposition embracing clients' major stakes

Clients' challenges

Cities

• Public health through access to essential services
• Decarbonization
• Adaptation to climate change
• Affordability

Industries

• Licence to operate
• Resource efficiency
• Compliance with environmental regulations
• Security of supply chain
• Affordability and savings

Veolia, an integrator of solutions in 3 complementary businesses delivering essential services

WORLDWIDE

WATER

WASTE

ENERGY

Impact

To decarbonize

> Towards Net Zero CO2

with local decarbonizing energy

To regenerate resources

> Towards Net Zero Water

To depollute

> Towards Net Zero Untreated Pollutants

5

Veolia's unique positioning

	Market		Resilience
	positioning		& growth
Combined		Footprint
	& local
businesses	Positioned in large
anchoring	Delivering essential
	growing markets of		services & operating
	largely untapped		infrastructure
	solutions	A worldwide
Best in class in each
activity and creating		geographical footprint
additional value by		in 44 countries,
bundling our 3		combined with strong
businesses
	local presence

Engagement

Track

record

Expertise

	89% engagement
A proven track	rate of our workforce
at all levels
record in delivering :
An extensive
agility, operational
excellence and financial	technological
discipline	know-howand
	expertise in innovative
	solutions

6

A proven track record in delivering financial & non financial performance

Impact 2023 program: 17/19 of multifaceted performance targets achieved or exceeded

89% employee engagement

Employees #1 shareholder of the group with 7,5% "Veolia cares" program

Successful Suez Integration and team combination

€315m synergies achieved by the end of 2023, ahead of target

Agility: quick and strong adaptation

Back to pre-covid results in 6 months thanks to Recover & Adapt plan

7

Resilience & profitable growth track record

	Acquisition of Suez
Current Net Income	shares from Engie
Net Financial Debt /EBITDA	Covid-19

Capital

Increase

Takeover

Closing

Suez Integration

X2 Current net income in 5 years

Leverage trajectory ahead of target: 2,7x end of 2023

2 years after Suez acquisition

8

GreenUp in a nutshell: our commitments

Decarbonization

18 Mtons CO2e erased in 2027 (scope 4)

• emission trajectory reduction compatible with 1,5°C (scope 1&2)

Regeneration

1.5bn m3 fresh water saved	Unique
in 2027	positioning in a
	growing market
Depollution
10 Mtons of hazardous waste
& pollutants treated in 2027

Solid and resilient growth(a)

inc. boosters: bioenergy, flexibility & energy efficiency, water technologies, hazardous waste treatment

≥ €8bn EBITDA in 2027

Leverage ≤ 3x

Current Net income to grow ~10%(b) CAGR over 2023-2027

Dividend to grow in line with EPS

(a) excluding energy price impact	9
(b) at constant forex

GROWTH

COMBINING RESILIENT ESSENTIAL SERVICES & GROWTH BOOSTERS