Veolia Environnement : Résultats trimestriels au 30 septembre 2022 - Présentation (en anglais)
November 09, 2022 at 12:51 pm IST
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Q3 2022 RESULTS
Estelle Brachlianoff CEO Claude Laruelle CFO
1
DISCLAIMER
Veolia Environnement is a corporation listed on the Euronext Paris. This document contains "forward-looking statements" within the meaning of the provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside our control, including but not limited to: the risk of suffering reduced profits or losses as a result of intense competition, the risk that changes in energy prices and taxes may reduce Veolia Environnement's profits, the risk that governmental authorities could terminate or modify some of Veolia Environnement's contracts, the risk that acquisitions may not provide the benefits that Veolia Environnement hopes to achieve, the risks related to customary provisions of divesture transactions, the risk that Veolia Environnement's compliance with environmental laws may become more costly in the future, the risk that currency exchange rate fluctuations may negatively affect Veolia Environnement's financial results and the price of its shares, the risk that Veolia Environnement may incur environmental liability in connection with its past, present and future operations, as well as the other risks described in the documents Veolia Environnement has filed with the Autorités des Marchés Financiers (French securities regulator). Veolia Environnement does not undertake, nor does it have, any obligation to provide updates or to revise any forward- looking statements. Investors and security holders may obtain from Veolia Environnement a free copy of documents it filed (www.veolia.com) with the Autorités des Marchés Financiers.
This document contains "non‐GAAP financial measures". These "non‐GAAP financial measures" might be defined differently from similar financial measures made public by other groups and should not replace GAAP financial measures prepared pursuant to IFRS standards.
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AGENDA
Very strong Q3 and 9M 2022 results
Detailed 9M operational and financial performance
3 Appendices
Q3 2022
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KEY Q3 2022 HIGHLIGHTS
Acceleration of revenue and profits growth in Q3 driven by pricing and synergies
Execution of the merger with Suez ahead of plan
Confirmation of the resilience and adaptability of our business models
Record price and indexation increases
Quick adaptation to the new energy context
A powerful growth platform
Fully confirmed 2022 guidance
Q3 2022
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KEY Q3 2022 HIGHLIGHTS
ACCELERATION OF REVENUE AND PROFIT GROWTH IN Q3
In €M
Q3 2021
Scope
FX
Q3 2022
Var. vs Q3 2021
combined
combined
combined(1)
Revenue
9 178
-187
+273
10 517
+13.7%
EBITDA
1 519
-30
+40
1 580
+3.4%/
+9.4%(2)
Current EBIT
644
-36
+21
742
+17.6%
Q3 Comments
Acceleration of revenue and profit growth in Q3: +13.7% and +7.7% excluding energy prices
Q3 revenue up 13.7%(1), above H1, driven by price increases, higher indexation and good volumes in all businesses
Q3 EBITDA up 9.4%(2) excluding Q3 2021 one off , thanks to accelerated synergy delivery and continued efficiency gains
Positive one off of €83M in Q3 2021 EBITDA in French waste, without any impact on EBIT
€46M of synergies realized in Q3, leading to a total of €98M at Sept. 30th, ahead of schedule
Q3 Current EBIT strongly up +17.6%(1) , driven by solid EBITDA growth
Net Free Cash Flow generation of €337M in Q3
Excluding Forex, net financial debt down €351M in Q3 vs. June 2022
Q3 2022
1)
At constant scope and exchange rates
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2)
At constant scope and exchange rates and excluding Q3 2021 one off of €83M
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Veolia Environnement SA published this content on 09 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2022 07:20:03 UTC.
Veolia Environnement is the world leader in environmental management services. Net sales break down by activity as follows:
- water-related services (40.6%; No. 1 worldwide): water resources management, drinking water distribution and delivery, wastewater collection, treatment and recovery, engineering, design, construction of water treatment facilities and customer relationship management, etc.;
- waste management services (32.4%; no. 1 worldwide): collection, treatment and recycling of liquid, solid, non-hazardous and hazardous waste, waste treatment and recovery through composting, energy recovery from waste, etc. Veolia Environnement also provides urban waste management services (maintenance and cleaning of public spaces, provision of mechanized street cleaning and façade treatment services), maintenance of industrial sites, and dismantling of industrial facilities and equipment at the end of their useful life;
- energy services (27%; No. 1 in Europe): delegated management of urban heating and air conditioning networks, management of thermal and multi-technique services (operation of heating systems, facility design, construction, and maintenance, etc.) and industrial services (industrial process analysis, production equipment operation, service, and maintenance), general management of buildings and public lighting.
Net sales are distributed geographically as follows: France (21.5%), Europe (41.9%), North America (7.4%), Asia (5.6%), Africa and the Middle East (4.9%), Pacific (4.3%), Latin America (4%) and other (10.4%).