Sustainability Report - FY 2023

Environmental Information Reporting on the Green Taxonomy regulation

Operating Expense (or OPEX) Indicator OPEXs to consider include:  related to eligible activities;  part of a plan to expand an activity or make an activity sustainable; and  related to economic activities referred to as “individual measures” in the Taxonomy to reduce the Company’s environmental footprint, such as expenses related to premises, vehicles and data hosting. Not all operating expenses are to be taken into account. Only R&D costs, building renovation costs, short-term lease charges, maintenance, servicing and repair costs of assets as well as any other direct expenses related to the routine maintenance of tangible assets necessary for their proper functioning are to be considered. For the full year 2023, operating expenses amounted to €353.5 million for the Exclusive Networks group, broken down as follows:  personnel costs: €199.6 million;  asset depreciation: €73.1 million; and

 other current and non-recurring operating expenses: €80.8 million, of which €26.6 million correspond to external expenses. The Exclusive Networks group’s business model is essentially based on human resources. As a result, operating expenses consist mainly of personnel costs, asset depreciation, and other operating expenses such as rent, travel, marketing and advertising expenses, which do not fall within the scope defined in the Taxonomy. In addition, the Group does not have any expenses related to Research and Development. Within the meaning of Delegated regulation (EU) 2023/2486 of 27 June 2023, as the activities of the Exclusive Networks group are not considered to contribute substantially to the six environmental objectives (CCM, CCA, WTR, EC, PPC, BIO) they are not eligible. Therefore, only operating expenses that fall within the scope of individual measures can be taken into account. As the Exclusive Networks group did not incur any operating expenses for the year 2023 under these individual measures, the share of the Group’s OPEX expenses relating to eligible economic activities and consequently aligned with the Taxonomy is not significant.

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Exclusive Networks SA

2023 Sustainability Report

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