Derichebourg // 2020-2021 Universal Registration Document

5

Financial and accounting information Recent events and outlook

2021

2020

2019

In millions of euros

Cleaning

11

7 5

10

Other Multiservices investments Multiservices subtotal Holding companies subtotal

4

6

15

12

16

2

2

3

Total investments in tangible and intangible assets

128

101

145

slab repairs: €3 million; household refuse collection dumpsters and related equipment: €18 million; other: €7 million. Environmental Services total: €111 million. For Multiservices, investments are mainly related to work equipment (single-disc machines and cleaning machinery) and the renewal of vehicles. Investments in progress 5.1.7.3 Engaged investment orders for which invoices had not yet been received, totaled €63 million.

The year’s investments can be broken down as follows: property acquisition: €2 million; major maintenance work and repair of shredders: €9 million; acquisition of handling equipment and machinery: €28 million; acquisition of trucks: €6 million;

acquisition and repair of shears: €10 million; acquisition and works on WEEE lines: €7 million;

post-shredding, optical sorting, flotation and refinery: €7 million; site development and redevelopment to serve projects detailed elsewhere: €13 million;

Recent events and outlook 5.2

Events occurring after year-end 5.2.1 On October 26, 2021, the Group submitted its notification dossier to the European Commission for the Ecore acquisition. On November 25, 2021, the Group filed a proposal for structural commitments, for which negotiation was ongoing on the closing date of the financial statements. 5.2.2 Significant changes in the trading position, information on trends Favorable market conditions remained during the months of October and November 2021, with volumes down slightly. Yet prices remained high, despite a fall for non-ferrous metals in November. After two months of activity, the Group is ahead in terms of results compared to last year. The long-term fundamentals of the Group’s various business lines are favorable: value of raw materials from recycling for secondary metal production, which avoids CO 2 emissions;

continuation of the outsourcing trend for Multiservices customers, with a demand for offers with a CSR and digital dimension. In the short term, however, there are some risks, which are contradictory and therefore cannot all be realized. This makes the overall situation a little more risky than a few months ago: resurgence of the Covid-19 epidemic, and its potential impact on the global economy; high energy prices, which could encourage some customers to reduce their production; persistent shortage of semiconductors, which moves up the manufacturing chain, and could end up impacting the production of the Group’s customers. The Group remains confident in its fundamentals, its solid financial structure, its responsiveness in times of crisis, and its proven ability to integrate new business, in a market where demand for raw materials from recycling will always remain high. Profit forecasts the Group did not release a quantitative estimate of profit for the 2021-2022 fiscal year.

DERICHEBOURG 2020/2021 Universal Registration Document 135