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SUEZ 2020 Annual Results

Strong 2020 results and improved 2021 outlook underline the value creation of the SUEZ 2030 strategic plan
  • Solid set of results: objectives for the second half were exceeded
    • Revenue for the second half close to 2019 level (-0.9% organic variation), and at €17.2bn in 2020
    • EBIT at €704m for the second half and €780m in 2020, driven by improved performance
    • Net debt of €9,7491m at end-December 2020, down €403m vs. end-2019 thanks to the structural improvement in cash generation
  • Measures taken as part of SUEZ 2030 are paying off
    • SUEZ’s commercial momentum accelerated, both in France and internationally
    • First wave of both re-investment and asset disposals achieved at attractive multiples
    • €326m gross performance savings generated in 2020
  • Proposed dividend increase to 0.65€ per share2
    • Confirmed intention of an exceptional distribution of €1bn, as announced in September 2020
  • 2021 objectives and outlook improved3:
    • Revenues exceeding €16bn with a return to organic growth
    • EBIT between €1.4bn-€1.6bn
    • Recurring EPS between €0.80-€0.85
    • Recurring free cash flow above €500m
1 Including €138m of debt relative to activities marked for disposal in 2020 to be finalized in H1 2021.
2 Subject to approval by the Annual General Meeting of Shareholders
3 Assuming no return to a generalized, region-wide confinement situation, and constant FX and commodity prices.

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