2021 Universal Registration Document

5 2021 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

Financial year 2021

Financial year 2020

(in millions of euros)

Operating profit on business activity

379.2 173.2 552.3

300.2 187.4 487.6 -82.9 -0.6 72.5 -82.2 401.7 -53.6 -53.2 -109.4 -10.0 -25.5 203.5 -97.5 7.3 0.4

Depreciation, amortisation and provisions (excluding allocated intangible assets)

EBITDA

Non-cash items

-5.2

Tax paid

-77.3

Impairment of current assets Change in current operating WCR

4.3

23.2 -36.6 460.7 -54.6

Non-recurring costs, including reorganisation and restructuring costs

Net cash flow from operating activities

Purchase of property, plant and equipment and intangible assets Proceeds from sale of property, plant and equipment and intangible assets Net change from investing activities involving property, plant and equipment and intangible assets

0.2

-54.4 -105.8

Lease payments

Net interest (excluding interest on lease liabilities)

-6.3

Additional contributions related to defined-benefit pension plans

-29.8

Free cash flow

264.4 -102.3

Impact of changes in scope

Impact of payments relating to non-current financial assets Impact of receipts relating to non-current financial assets

-4.4

-3.5

2.9

1.5

Dividends paid

-46.3

-4.3

Dividends received Capital increases

2.8

- -

-

Purchase and sale of treasury shares

-16.2

-10.9

Other cash flows relating to investing activities

-

-

Net cash flow

100.8

88.8 -0.4

Impact of changes in foreign exchange rates Impact of changes in accounting policies (IFRS 16)

-2.3

-

-

CHANGE IN NET FINANCIAL DEBT

98.5 245.0 -564.5 -106.0 -425.6 216.9 -448.4

88.4 192.6 -494.4 -212.2 -513.9 245.0 -564.5 -106.1 -425.6

Cash and cash equivalents – Beginning of period Non-current financial debt – Beginning of period Current financial debt – Beginning of period Net financial debt – Beginning of period Cash and cash equivalents – End of period Non-current financial debt – End of period

Current financial debt – End of period Net financial debt – End of period CHANGE IN NET FINANCIAL DEBT

-95.6

-327.1

98.5

88.3

Free cash flow came to €264.4 million (€203.5 million in 2020). It reflected a slight improvement in the cash conversion rate with respect to Operating profit on business activity compared with the previous financial year. This performance was mainly due to a significant improvement in Operating profit on business activity and EBITDA following a sharp decline in non-recurring costs. Outflows related to acquisitions of companies, recognised within Impact of changes in scope , were stable, totalling €102.3 million. Those that took place in 2021 (primarily EVA Group, EGGS Design and Labs) are described in Note 2.1. They also included the exercise of the put option for Tecfit shares (see Note 2.2). They break down as follows:

Financial year 2021

Financial year 2020

(in millions of euros)

Cost of acquisitions paid (excluding earn-outs) Net debt/(Net cash) of acquired companies

-98.7

-103.4

-3.5

5.9

Earn-outs

- - -

- - -

Disposal price for shares sold in consolidated equity investments

Cash transferred out/Deconsolidated entities

TOTAL

-102.3

-97.5

223

SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2021

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