DERICHEBOURG - Universal registration document 2019-2020

3

Group management report Earnings from businesses and financial position

Earnings from businessesand financial position 3.2

Group results 3.2.1

Change % (8.9%) (5.4%)

2020

2019

In millions of euros

Revenue

2,464.1

2,705.0

Recurring Ebitda (1)

180.9 7.3% 62.4 2.5%

191.2 7.1% 103.1

in % of revenue

Recurring operating profit (loss) (2)

(39.5%)

in % of revenue

3.8%

Nuclear engineering business contracts Change of consolidation method Reyfra

(5.0)

7.7

Result on disposal AEP Multiservizi

(2.3) (2.8)

Loss of exclusive control of water treatment and distribution subsidiaries

Veolia wins appeal against the decision of the Court of Appeal

3.7

Lyrsa post-acquisition restructuring

(1.2) (1.6) (2.3) (5.6) (0.2) (1.5) (0.2)

Restructuring Recycling France

Revaluation monitoring costs CRS landfill Restructuring of the Aeronautics division

Result on disposal Temporary aeronautics staffing UK

Result on disposal Cleaning Turkey

Restructuring

Others

(0.6) 97.5 (9.7) (0.7) 87.0 (30.5)

Operating Profit (loss)

56.2

(42.4%)

Net financial expenses

(12.3) (2.3) 41.5 (19.5)

Foreign exchange and other gains and losses

Pre-tax profit (loss)

(52.3%)

Income tax

Income from associates

0.4

2.4

Net profit (loss)

22.4

58.9

(62.0%)

Income net of tax from discontinued activities Consolidated net income (loss)

22.4

58.9

(62.0%)

Attributable to shareholders

21.3

55.6

Attributable to non-controlling interests 3.3 Recurring Ebitda = Recurring operating profit (loss) + depreciation and amortization on property, plant and equipment and intangible assets, net of reversals. (1) Recurring operating profit (loss) = Operating profit (loss) +/- non-recurring income and expenses. (2) 1.1

Consolidated revenue Revenuesfor the 2019/2020fiscal year totaled€2.5 billion,down 8.9%comparedwith the previous fiscal year due to a decline in the Environmental Services business(-11.9%),and amoremoderate decline in revenuferom the Multiservices busines(-s2.5%).

DERICHEBOURG p 2019/2020 Universal Registration Document 94