HALF-YEAR RESULTS 2023

8 SEPTEMBER 2023

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HALF-YEAR RESULTS 2023 - 08/09/2023

Connecting Food Market Players

CONTENTS

1.

2.

3.

4.

CONTEXT AND HIGHLIGHTS

FINANCIAL PERFORMANCE

OPERATIONAL PERFORMANCE

OUTLOOK

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HALF-YEAR RESULTS 2023 - 08/09/2023

Connecting Food Market Players

1 CONTEXT AND

HIGHLIGHTS

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HALF-YEAR RESULTS 2023 - 08/09/2023

Connecting Food Market Players

DETERIORATION OF THE

ECONOMIC ENVIRONMENT

  • Food inflation affects consumption and leads to a scaling back of transported volumes
  • The steep increase of interest rates impacts the economy's dynamism

4 HALF-YEAR RESULTS 2023 - 08/09/2023

Connecting Food Market Players

SALE OF THE MARITIME

DIVISION

  • Scope of the sale:
    • La Méridionale (former CMN), operating the commercial brand's activity
    • SIGMA (Pelagos ship)
    • AMC, chartering company
    • CMM, La Méridionale's ship handling company
  • Transaction price: €119m, of which
    • Equity acquisition: €35m
    • STEF's current account refund (net cash): €84m
  • Impact on the result and the balance sheet:
    • +€15.6m income from the transferred activities
    • Group positive free cash-flow for H1 (+€115m)

5 HALF-YEAR RESULTS 2023 - 08/09/2023

Connecting Food Market Players

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Disclaimer

STEF SA published this content on 08 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 September 2023 13:36:02 UTC.