DERICHEBOURG - Universal registration document 2018-2019

3

Group management report Earnings from businesses and financial position

Earnings from businesses and financial position 3.2

Group results 3.2.1

Change % (7.4%) (5.4%)

2019

2018

In millions of euros

Revenue

2,705.0

2,919.7

Recurring Ebitda (1)

191.2 7.1% 103.1

202.1 6.9% 118.3

in % of revenue

Recurring operating profit (loss) (2)

(12.8%)

in % of revenue

3.8%

4.1%

Italy – balance from dispute with Rotamfer Italy – balance from CRS – Scrap dispute

(9.5) (0.6) (7.0) (3.7)

Italy – impact of the sale of household waste collection and waste treatment businesses

Waste collection – loss against Veolia in first-instance ruling

Nuclear engineering business contracts

(5.0) (0.6) 97.5 (9.7) (0.7) 87.0 (30.5)

Gain/loss on disposal of subsidiaries and other

(1.2) 96.3 (11.7) (1.1) 83.4 (16.3)

Operating profit (loss)

1.3%

Net financial expenses

Foreign exchange and other gains and losses

Pre-tax profit (loss)

4.4%

Income tax

Income from associates

2.4

2.1

Net profit (loss)

58.9

69.2

(14.9%)

Income net of tax from discontinued activities

3.4

Consolidated net income (loss)

58.9

72.6

(18.8%)

Attributable to shareholders

55.6

71.1

Attributable to non-controlling interests 1.5 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) 3.3

Consolidated revenue Fiscal year 2018/2019 revenue stood at €2.7 billion, down by 7.4% increase of 6.9% in the revenue of the Multiservices business. On a compared to the previous fiscal year, impacted by a downturn of constant exchange rate basis, revenue decreased by 7.6%. (12.7%) in the Environmental Services business, partially offset by an

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