Slides
Page 1
Capital Markets Day May 14, 2025
Page 2
|14/05/2025 | Capital Markets Day | © Atos -for external use2 Disclaimer This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group’s expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These risks and uncertainties are linked to factors out of the control of the Company and not precisely estimated, such as market conditions or competitors’ behaviors. Any forward-looking statements made in this document are statements about Atos’s beliefs and expectations and should be evaluated as such. Forward-looking statements include statements that may relate to Atos’s plans, objectives, strategies, goals, future events, future revenues or synergies, or performance, and other information that is not historical information. Actual events or results may differ from those described in this document due to a number of risks and uncertainties that are described within the 2024 Universal Registration Document filed with the Autorité des Marchés Financiers (AMF) on April 10, 2025 under the registration number D.25-0238. Atos does not undertake, and specifically disclaims, any obligation or responsibility to update or amend any of the information above except as otherwise required by law. This document does not contain or constitute an offer of Atos’s shares for sale or an invitation or inducement to invest in Atos’s shares in France, the United States of America or any other jurisdiction. This document includes information on specific transactions that shall be considered as projects only. In particular, any decision relating to the information or projects mentioned in this document and their terms and conditions will only be made after the ongoing in-depth analysis considering tax, legal, operational, finance, HR and all other relevant aspects have been completed and will be subject to general market conditions and other customary conditions, including governance bodies and shareholders’ approval as well as appropriate processes with the relevant employee representative bodies in accordance with applicable laws.
Page 3
A new chapter for Atos Philippe Salle Chairman & Chief Executive Officer
Page 4
| dd/mm/yyyy | Presentation Title | © Atos - for external use4 Today’s agenda A stronger Group in a growing market A shared ambition A focused plan A sustainable financial and extra-financial trajectory A clear path forward Questions & Answers
Page 5
A stronger Group in a growing market 01
Page 6
| 14/05/2025 | Capital Markets Day | © Atos - for external use6 Atos as it stands today Business Lines Cloud & Modern Infrastructure Digital Work- Place Smart Plat- forms €9.6B 2024 Revenue 74K Employees as of Q1 2025 68 Countries of operations €0.2B 2024 Operating Margin 0 20 40 60 80 100 Geographies USA & Canada Germany, Austria & Eastern EU France International Markets UK & Ireland Belgium Netherl. Nordics Industries Public Sector & Defense Financial Services & Insurance Manu- facturing Technology Media Telco Healthcare & Life Sciences Ress. & Services Digital Applications Cyber. Ser- vices Regional offers Eviden Data & AI
Page 7
| 14/05/2025 | Capital Markets Day | © Atos - for external use7 Atos operates in a market that is powered by shifts driving up demand Technology Shifts Demand Shifts Ecosystem Shifts AI-first architecture & automation Modernization & continuous shift to cloud Data foundation for AI scale Security by design Consolidation/ rationalization of supplier pool Right-shoring/ Smart-shoring Stricter RFP criteria, incl. on ESG Deglobalization/ Sovereignty focus Blurring boundaries between players, as they expand beyond their traditional scope
Page 8
| 14/05/2025 | Capital Markets Day | © Atos - for external use8 Our clients are navigating critical business & technology challenges Escalating IT costs Ageing IT stack and technical debt Security threats & standards IT systems consolidation Data-driven digital transformation Maximize EEX1 and CEX2 Compliance imperative 1 3 5 7 2 4 6 Technology everywhere Driving business performance Note: (1) EEX: Employee experience; (2) CEX: Customer experience
Page 9
| 14/05/2025 | Capital Markets Day | © Atos - for external use9 A sizeable and structurally growing market Strong double-digit growth from Rapidly Scaling technologies, notably in Cyber, Cloud & Data/AI, driven by soaring demand for security, continuous cloud migrations and AI-powered services Segments Europe and North America growing steadily, fueled by regulatory compliance, digital sovereignty, and continuous IT modernization Geographies Public Sector & Defense, Financial Services and Healthcare accelerating IT spend to address mission-critical needs, data requirements, and secure cloud adoption Industries Note: Based on Serviceable Addressable market referring to customer spending only on products & services offered by Atos in its geographies | Source: Gartner Atos Serviceable Addressable market (2025-28, in €T) 1.3 1.7 2025 2028 c.8% p.a.
Page 10
| 14/05/2025 | Capital Markets Day | © Atos - for external use10 Growth expected to accelerate Growth slowed between 2022 and 2025 amid macro uncertainty and IT budget pressure Long-term growth 8%+ p.a., driven by ongoing cloud shift and rising GenAI investment Investments were initially set to rebound from 2025, recovery now expected from 2026 onwards (especially in Europe) 90 100 110 120 130 140 2022 2023 2024 2025 2026 2027 2028 2025-27 4-6% p.a. Post-2028 8%+ p.a. 2022-25 2-4% p.a. Global IT services spend (2022-28) Note: Basis 100=2022 | Source: Gartner & peers’ guidance
Page 11
| 14/05/2025 | Capital Markets Day | © Atos - for external use11 Atos has been growing slower than market… 2-4% 2022-24 growth rate MARKET 2022-24 growth rate ATOS (2.5)% Limited exposure to Rapidly Scaling segments (e.g., Data & AI and Cloud) Financial restructuring Unstable leadership and strategy
Page 12
| 14/05/2025 | Capital Markets Day | © Atos - for external use12 …despite an amazing set of strengths Expert in regulated sectors Proven expertise delivering complex Public Sector & Defense, Financial Services and Healthcare solutions Recognized CSR engagement Proven expertise and engagement on CSR topics E2E technical depth Comprehensive IT capabilities, from design through execution Sovereign player Strong European footprint with extensive network of partnerships with EU Glo-Cal Global delivery with off/ nearshore benefits, and local anchorage Customer-centric Deep customer intimacy and proactive adaptability to client needs Trusted by customers Established, loyal customer base trusting Atos for major projects Skilled & committed workforce Exceptional IT expertise, proven quality, and reliable delivery
Page 13
| 14/05/2025 | Capital Markets Day | © Atos - for external use13 Endorsed by Analysts for domain specialization and quality of delivery Responsible AI: Embedded, ethical, explainable, and secure by design AI Integration: Boosting efficiency through GenAI Cloud Transformation Leader: Optimizing infra & accelerating digital maturity Sovereign Cloud Leadership: Trusted European SAP migration partner Top Managed Security Services (MSS) Vendor in Europe: A leading expert in MSS Advanced Managed Detection & Response: Cutting-edge managed detection and response services Advancing Digital Productivity: Self-service, self-healing and automation through Outsourced Digital Workspace Services and GenAI, while supporting sustainability goals SAP and Digital Transformation Innovator: Key modernization partner, high impact platforms ServiceNow: Certified for fast, AI-powered deployments A Leader Outsourced Digital Workplace Services MQ, Global 2025 A Leader • in Private Hybrid Cloud & Data Center Services, France, Germany, UK and NL, 2024 • in ServiceNow Ecosystem Partners, Global and Europe, 2025 • in Mainframe Services & Solutions, Europe, 2025 • in SAP Ecosystem, Germany, 2024 • in SAP Ecosystem, Global and US, 2025 A Leader in Analytics, AI, Data & Automation Quadfecta Services for the Generative Enterprise, 2024 Best in Class in SAP Germany and Europe, 2024 A Leader in the IDC MarketScape: Middle East Managed Detection and Response 2024 Vendor Assessment
Page 14
| 14/05/2025 | Capital Markets Day | © Atos - for external use14 Trusted by leading Partners to deliver impact Deep expertise in legacy systems and complex migrations Unique installed base with high modernization potential Strategic partner of choice in highly regulated industries Differentiated tech assets and IP with global reach 1 2 3 4 One of the few partners we trust to operate where stakes are highest like the defense industry They can migrate what others are afraid to touch – that’s their edge I see Atos as a sleeping giant— they don't fully activate their customer base They have all the building blocks— now it’s about scaling with focus Proven vertical expertise in key industries 5 When they focus by industry, they truly stand out — they speak the client’s language and bring credibility
Page 15
| 14/05/2025 | Capital Markets Day | © Atos - for external use15 Recognized industry expertise, trusted by top clients in Europe 15 of top 20 banks 11 of top 15 insurers 6 of top 10 Healthcare companies 5 of top 7 Automotive OEMs 3 of top 8 CPG Manufacturers #1 in Public services in Europe 5 of 10 leading companies in the sector 7 of top 10 leading Telcos 5 of top 10 Energy & Utilities companies Financial Services & Insurance Healthcare & Lifesciences Manufacturing Public Sector & Defense CPG, Retail, Transport & Logistics Telco, Media & Technology Energy & Utilities
Page 16
What clients expect from us Proactive: Use data and business insight to proactively propose tech solutions that drive performance and strategic outcomes Transformative: Guide businesses through optimal tech transformation paths with strong support to ensure impactful change Expertise: Deliver safe, innovative, and market- aligned tech solutions with a broad range of options and strong partner networks Combinatory: Combine Atos’ own IT solutions with external partners’ solutions to effectively deploy tailored, high-impact technologies
Page 17
A shared ambition 02
Page 18
| dd/mm/yyyy | Presentation Title | © Atos - for external use18 A global “AI-powered” technology partner shaping secure, end-to-end digital journeys
Page 19
| dd/mm/yyyy | Presentation Title | © Atos - for external use19 A global “AI-powered” technology partner shaping secure, end-to-end digital journeys
Page 20
| dd/mm/yyyy | Presentation Title | © Atos - for external use20 Global reach to unlock strategic opportunities Why global scale matters? Allow efficient investments in technology Strengthen Global partnerships Unlock cost-efficiencies for delivery Become preferred vendor for global clients Benefit from G&A efficiency
Page 21
| dd/mm/yyyy | Presentation Title | © Atos - for external use21 A global “AI-powered” technology partner shaping secure, end-to-end digital journeys
Page 22
| 14/05/2025 | Capital Markets Day | © Atos - for external use22 State-of-the-art technology and innovation to accompany our clients c.€500M investment in R&D over the next 4 years c.€100M investment over next 4 years in startup & ecosystem plays Funnel innovation with appropriate governance Sustaining innovation through co-developed and vertically integrated solutions, 150+ patent families with strong momentum in GenAI and sovereign tech, and standardized playbooks embedding innovation in delivery Building outcome-driven ecosystems in GenAI, cybersecurity, quantum, and sustainability through startups, 20+ innovation labs, and university partnerships to attract top digital talent Advancing our technology agenda with a dedicated CTO, a large research community, and a portfolio driven by innovation radars, tech scouting, and innovation awards
Page 23
| dd/mm/yyyy | Presentation Title | © Atos - for external use23 A global “AI-powered” technology partner shaping secure, end-to-end digital journeys
Page 24
Pierre-Yves Jolivet Head of Eviden & Cybersecurity
Page 25
| 14/05/2025 | Capital Markets Day | © Atos - for external use25 Data Protect Cyber is a >€1B business, with a strongly recognized threefold offering We embed Cybersecurity in everything we do We offer EU-sovereign Cybersecurity Products Data encryption ID & Access Mgmt. Digital Identity Cloud & Infra. Smart Platforms Digital Workplace Data & AI Digital Applications We deliver best-in-class Cybersecurity Services Advisory Security Testing Hybrid Cloud Security ID & Access Mgmt. OT Security MDR/ TDIR Disruptive Offers (GenAI Security, Post-Quantum security) Atos is a recognized Cybersecurity LEADER in Europe US Middle-East & Africa Worldwide Embedded Revenue c.€500M External Revenue c.€500M 2025 >€1B Continuous analyst engagement drives our best-in-class positioning >€1B c.6,500Cyber Employees, o/w c.1,000 available 24/7 Cyber 2025 Revenue 1 2 3
Page 26
| 14/05/2025 | Capital Markets Day | © Atos - for external use26 Siemens Government Technologies AI-powered threat hunting engine identifies advanced, persistent, and nation-state attack patterns over time Eurocontrol AI/ML capabilities in our MDR platform AIsaac, under a major Cloud & Infrastructure contract, reduce detection and response times for Eurocontrol’s mission- critical operations GenAI, ML, Automation, Analytics, Data Lake, Threat Intel, AI models, Edge computing CERT, Modern Security Operations Center (MSOC), Vulnerability Labs, Innovation Centers Human Intelligence Artificial Intelligence Securing what matters – how we protect clients with AI-powered delivery Verbund Supporting Austria’s largest energy provider with post-quantum security designs to protect critical Operational technology infrastructure NTT Comware Gen AI for identity and access management: "we believe that our virtual assistant built into Eviden solutionswill contribute to the NTT Comware team's security solutions business"
Page 27
| 14/05/2025 | Capital Markets Day | © Atos - for external use27 One step ahead… always! Protecting the Paris 2024 Games 27 Tony Estanguet President, Paris 2024 Olympics We are very pleased to have worked with Eviden [an Atos Group brand], which has extensive experience in cybersecurity. Eviden teams implemented numerous solutions to combat threats, to help Paris 2024 to meet the sport challenges of the digital age, and thus seamlessly secured the delivery of the Olympic and Paralympic Games. 55,000,000,000Cybersecurity Events at Paris 2024 Olympic and Paralympic Games 1,000+Potential security incidents addressed 0Incident impacting the Paris 2024 Games
Page 28
| dd/mm/yyyy | Presentation Title | © Atos - for external use28 A global “AI-powered” technology partner shaping secure, end-to-end digital journeys
Page 29
| 14/05/2025 | Capital Markets Day | © Atos - for external use29 End-to-End to fulfill ecosystem’s business expectations Delivering full-stack value, from Infrastructure to Insights End-to-End matters for our customers and partners Advise / Design Build / Integrate Run / Operate Tech Consulting Digital Applications Data & AI Digital Workplace Cybersecurity Services Cloud & Modern InfrastructureInfra Digital Applications Data analytics & AI End-users Cybersecurity Cloud Traditional IT Domains Smart Platforms Smart platforms
Page 30
A focused plan 03
Page 31
| 14/05/2025 | Capital Markets Day | © Atos - for external use31 The New Atos: a clear vision to define a roadmap based on 4 principles SIMPLIFY branding geographies governance offering ORCHESTRATE organization operating model TRIM cost base AI-ENABLE from delivery to go-to- market S O T A
Page 32
| 14/05/2025 | Capital Markets Day | © Atos - for external use32 The New Atos: a clear vision to define a roadmap based on 4 principles SIMPLIFY branding geographies governance offering ORCHESTRATE organization operating model TRIM cost base AI-ENABLE from delivery to go-to- market S O T A
Page 33
| 14/05/2025 | Capital Markets Day | © Atos - for external use33 Consulting One holding, Two Brands Tech Foundations Hybrid Cloud & Infra. Digital Workplace Digital Business Platforms Technical Services Eviden Digital Security Advanced Computing Digital Services Cloud Back to a unified Atos: from portfolio of assets to group 6 Business Lines 4 Products Lines Services Product S
Page 34
| 14/05/2025 | Capital Markets Day | © Atos - for external use34 Atos & Eviden brands reorganized for next-gen scale and cross-fertilization Data & AICybersecurity Digital WorkplaceDigital Applications Smart Platforms Cloud & Modern Infrastructure Mission-Critical Systems Cybersecurity Products Vision AIAdvanced Computing1 Note: (1) Ongoing divesture process for Advanced Computing activities S
Page 35
| 14/05/2025 | Capital Markets Day | © Atos - for external use35 Geographies reshuffled to focus on strategic priorities S Germany, Austria & Eastern Europe United Kingdom & Ireland France Belux, Netherlands, Nordics International Markets North America Exiting from several countries, mainly within International Markets
Page 36
| 14/05/2025 | Capital Markets Day | © Atos - for external use36 Simplifiedmatrix and governance S Clear accountability Increased transparency Empowerment Clear accountability & ownership Simplified portfolio governance Lean group governance Focused partnerships P&L and cash ownership in geographies Full accountability of BLs on portfolio and R&D investment Lean group layer, focused on strategy and support Phase-out of dual legacy structures and simplified reporting lines c.20 prioritized offerings, aligned to growth & differentiation strategy Selectivetargetedplayswithleadingpartners Streamlinedpartnership management
Page 37
| 14/05/2025 | Capital Markets Day | © Atos - for external use37 The New Atos: a clear vision to define a roadmap based on 4 principles SIMPLIFY branding geographies governance offering ORCHESTRATE organization operating model TRIM cost base AI-ENABLE from delivery to go-to- market S O T A
Page 38
| 14/05/2025 | Capital Markets Day | © Atos - for external use38 Refreshed, aligned and committed leadership Philippe Salle Chairman & Chief Executive Officer Cécile Kavalses General Secretary Paul Peterson Chief HR Officer Clay Van Doren Chief Growth Officer Alexa Van Den Bempt Partnerships Frédéric Aubrière Chief Digital & Information Officer Jacques-François de Prest Chief Financial Officer Emmanuel Le Roux Advanced Computing Chetan Manjarekar Smart Platforms Michael Grunberg North America Rakesh Khanna Digital Applications Punit Sehgal Belux, Netherlands, Nordics Leon Gilbert Digital Workplace Daniele Principato International Markets Pierre-Yves Jolivet Head of Eviden & Cybersecurity Frederic Lelong Global Delivery Center Gunter Koinegg Cybersecurity Services Christian Ernst Germany, Austria & E.Europe Michael Kollar Cloud & Modern Infra Franck Chartier France Narendra Naidu Data & AI Michael Herron United Kingdom & Ireland
Page 39
Clay Van Doren Chief Growth Officer
Page 40
| 14/05/2025 | Capital Markets Day | © Atos - for external use40 Portfolio and GTM: now refit for Scalable Growth O A strong, resilientfoundation Global scale with local depth Strong base on core services, notably Infrastructure, Workplace and Digital Entrenchedin mission-criticalindustryverticals Unique from Onshore-Nearshore-Offshore delivery Rapidly scaling technology services as strategic boosters End-to-end cloud stack – from infra. to cloud- native and edge Advanced Cybersecurity – proactive, embedded, and future-ready Data & AI – infused across the group, driving transformation and delivery productivity Strategic partnerships – scaling with leading global tech and cloud providers Verticalized solutions – tailored to industry- specific and mission-critical outcomes Full LifecycleCoverage From strategy and consulting to design, implementation, and ongoing support Cross-Domain Integration Encompasses infrastructure, apps, data, cybersecurity, and user/ employee experiences Responsibleand Secure Delivery Embeds security, data integrity, ESG principles, and accessibility
Page 41
| 14/05/2025 | Capital Markets Day | © Atos - for external use41 We have a loyal and satisfied customer base, with untapped potential ready to be unlocked O Untapped potential to be unlocked through concentration and cross-selling Customers view us as partners, and have stuck with us through 2024 Top 200 Customers share with 10+ Year Relationship Business Lines per Top Customer 84% 1.6 Top 100 Customers share 56% Renewal rate1 First 9 months 2024 88% Over last 6 months 92% Note: (1) Total renewals won/ total renewals bid in period
Page 42
| 14/05/2025 | Capital Markets Day | © Atos - for external use42 Our three tenets to commercial success O Retain & Grow Boost: Large Deals Expand: HiPo Offerings 1 32 Protect existing customer base 92%+Client retention Increase add-on revenues 10%+Target increase in Order Entry in 2028 5-8New business Large Deals every year Scale new offerings Double digitgrowth on HiPo services Drive industry offering sales 7Industries with tailored offerings
Page 43
| 14/05/2025 | Capital Markets Day | © Atos - for external use43 A common, simplified commercial model across Group to drive customer outcomes O Retention and cross-sell in Geos Dedicated Global large deals operation Accelerate HiPo Offerings Client Executive Partners (CEPs) empowered with end-to-end customer ownership Apply full suite of Atos services suite to full set of customers Integrated and Augmented Large Deals team extended to Digital-Cloud Responsible for origination and execution Innovative win-win partnerships with hyperscalers 3x increase in Sales specialists activated Tailored by Industry & Geo ROI targeting by individual with aligned incentives AI-enabled deal solutions and pricing Robust qualification & deal governance
Page 44
| 14/05/2025 | Capital Markets Day | © Atos - for external use44 Case example: Growth journey with a Transportation Customer for the past three years Client Revenue, €M 2022 3 contracts 100+ orders Improved CSAT1 of 95% through high degree of automation in delivery 2023 Customer intimacy: Collaborated jointly in 5+ industry forums to promote technology and innovation 2024/2025 New offerings: Cloud migration with DevOps pipeline Move to databricks-based data platform — scalable, AI-ready infrastructure Enablers €65M of deals through relevant platform & application partnerships Promoting client offering to other industry Deep trust, proven delivery (CSAT1 > 95%) Elevated stakeholder engagement: integrated Infra, Cloud, Data, Application & Cyber legacy to modernize €28M €48M €60M €65M 2022 2023 2024 2025 +32% p.a. Note: (1) CSAT: Customer Satisfaction
Page 45
| 14/05/2025 | Capital Markets Day | © Atos - for external use45 Signs of momentum are already visible O €1.7B Order Entry in Q1 2025 Cyber, Cloud & Infra, DWP and Digital all improved YoY Retention rate of 92%in last 6 months1 7 strategic multi-year deals signed in Q4 2024 10 strategic multi-year deals signed in 2025 Improved Book-to-Bill with clear path to 110% BtB Q4 2024: 117% BtB (+9 points vs. Q4 2023) Q1 2025: 81% BtB (+17 points vs. Q1 2024) New Business Pipeline at Existing Customers up 12%2 Note: (1) Total renewals won/ total renewals bid in period; (2) Vs. Qualified Pipeline Same Point in 2024
Page 46
Paul Peterson Chief Human Resources Officer
Page 47
| 14/05/2025 | Capital Markets Day | © Atos - for external use47 We have the right people O Highly-skilled Workforce Dedicated Workforce Committed Key Peoples & Leaders We maintain a stable and balanced workforce for local delivery, with stable voluntary attrition in line with market norms Over 250,000 digital certifications achieved over last 3 years, with a strong focus on Cybersecurity, Cloud and AI Our refreshed leadership is backed by 92% key talent retention and a continued focus on strengthening our sales force
Page 48
| 14/05/2025 | Capital Markets Day | © Atos - for external use48 Working with Atos people feels different O Thomas Simon CEO, Paragon DACH & CEE “We are impressed with Atos and their team's unwavering commitment to excellence. Their innovative solutions, collaborative spirit, and exceptional professionalism have significantly contributed to our success and set a new standard in partnership. The expertise and dedication of the Atos team have been instrumental in driving our achievements, and we are thrilled with the positive impact of our collaboration.” Tarek Al Ashram Founder and CEO, Gulf Data Hub “As a reliable and strategic partner, the Atos team has consistently demonstrated professionalism, technical strength, and a collaborative approach that has significantly impacted our performance and success metrics. Your people have been present in critical moments, ensuring the continuity of our services without disruption. We greatly value this partnership and look forward to leveraging the combined strengths of Atos and Gulf Data Hub as we continue our growth across the UAE and into new markets.” Paul Govan Head of Payroll, NHS Scotland “ My team wants to say a massive thank you to everyone involved in our account at Atos. On our last delivery, the whole team came together, tackled every challenge head-on, and applied all the lessons learned from last year – this was nothing short of amazing. Your dedication, teamwork, and attention to detail made all the difference. We honestly couldn’t be prouder of what we’ve achieved together. This success is a direct result of every single person’s effort, and I’m truly grateful to work with such a committed and talented team. Great work, everyone — thanks!”
Page 49
| 14/05/2025 | Capital Markets Day | © Atos - for external use49 We have a clear people management strategy scaling up the high performance culture O Skilling for the future Reshaping our workforce Maximizing employee engagement Going forward, we will manage a right-sized employee base, anchored in our 10 largest countries We are investing in Digital upskilling, making our workforce AI-fluent within a year and expanding our academies to cover Gen AI, agentic tools and autonomous workflows We are strengthening engagement through leadership development, accountability, and renewed loyalty and engagement programs Our people strategy for the future
Page 50
| 14/05/2025 | Capital Markets Day | © Atos - for external use50 The New Atos: a clear vision to define a roadmap based on 4 principles SIMPLIFY branding geographies governance offering ORCHESTRATE organization operating model TRIM cost base AI-ENABLE from delivery to go-to- market S O T A
Page 51
| 14/05/2025 | Capital Markets Day | © Atos - for external use51 A leaner cost base aligned with group size T Optimizing our delivery footprint through better bench management, rationalized hubs, and offshoring Strengthening industrialization with standardized playbooks and governance Rationalizing global G&A across functions and geographies, and simplifying indirect cost layers Improving productivity with better tooling, shared services, and tighter cost control 1. Delivery Optimization 2. G&A Optimization
Page 52
| 14/05/2025 | Capital Markets Day | © Atos - for external use52 Differentiate with excellent and qualitative delivery T 1. Delivery Optimization Scaling delivery through offshore hubs, with growing talent pools in Global Delivery Centers (e.g., in India) and aligned workforce strategy 85% billability target by 2028 Black account1 exit strategy 60%+ offshore ambition by 2028 Driving margin through better bench management and optimized resource allocation across projects 2. G&A Optimization Industrialized execution model Consolidating Global Delivery Centers, deploying standardized playbooks and PM tools, and embedding AI / automation enablers Systematic review of low-margin contracts with clear plans to phase out structurally unprofitable business Note: (1) Projects with below-5% Project Margin
Page 53
| 14/05/2025 | Capital Markets Day | © Atos - for external use53 Leaner and scalable G&A model T 1. Delivery Optimization 2. G&A Optimization Optimize G&A headcount c.1,000 HC reduction Simplified organization Fewer management layers Removing duplicates inherited from split project Reduce discretionary spend c.10% cost reduction on non-personal costs Contract renegotiation Supplier rationalization Tighter cost controls Standardize & automate Rollout of shared services and automation tools to simplify back-office Consolidation of tools & platforms Use of AI Target G&A at c.5% of revenue by 2028
Page 54
| 14/05/2025 | Capital Markets Day | © Atos - for external use54 The New Atos: a clear vision to define a roadmap based on 4 principles SIMPLIFY branding geographies governance offering ORCHESTRATE organization operating model TRIM cost base AI-ENABLE from delivery to go-to- market S O T A
Page 55
Narendra Naidu Head of Data & AI
Page 56
| 14/05/2025 | Capital Markets Day | © Atos - for external use56 AI Everywhere to add value AI enables client benefit and powers Atos’ own efficiency A Integrate AI capabilities into existing products and services to increase value, improve customer experience, and drive competitive differentiation Leverage AI to achieve faster and better delivery esp. with automation and AI tools/ assistants Establish a dedicated business unit focused on developing and selling AI- powered products, platforms, and consulting services as standalone offerings Use AI-powered tools and systems to automate and streamline internal processes Change the game with Data & AI offering Perform better with AI-empowered delivery Bring value with AI- augmented offering Optimize cost with AI tools and automation Improved offering for our clients Higher delivery efficiency and lower costs
Page 57
| 14/05/2025 | Capital Markets Day | © Atos - for external use57 A full-stack Data & AI engine industrialized for scale A Data & AI BL employees 2,000 2025 10,000 2028 x5 AI certified share of workforce 50% 2025 100% 2026 x2 We help organizations develop data and AI strategies aligned with their business goals Strategy & Advisory Data Services We turn data into actionable insights by building and managing scalable data platforms AI Services We accelerate digital transformation through Generative and Agentic AI, rapidly deploying scalable AI solutions Industry solutions We offer pre-packaged, industry- specific AI solutions addressing unique challenges Atos’ Data & AI solutions We are investing in Agentic AI R&D to enable assistive, augmented and fully autonomous agents
Page 58
| dd/mm/yyyy | Presentation Title | © Atos - for external use58 AI delivering real-world outcomes across industries A We helped Satair set up a scalable AI Factory on Google Cloud to industrialize and accelerate the deployment of over 50 AI use cases We supported Talgo in deploying a real-time AI platform processing 30,000 signals per second to optimize rail efficiency and reliability We worked with Estée Lauder to develop a GenAI solution for real-time sentiment monitoring, enhancing consumer experience across 20+ brands in 40+ countries We guided Rabobank through the EU AI Act by assessing current practices, creating a future-state roadmap, and delivering explainable AI tools to ensure Responsible AI implementation
Page 59
| 14/05/2025 | Capital Markets Day | © Atos - for external use59 AI driving more efficiency at scale Leading North American Commercial Insurer AI-powered delivery Automated Transactions per month 44K minutes saved per month •Agentic AI in production for IT Support, driving greater levels of end user self-service •GenAI-driven Conversational AI engine enhances end user experience for service desk support Leading Audit & Consulting player AI-powered transformation and efficiency tickets/ month reduced, 60k+ proactive actions/ month •Support Experience Center (SEC) reinvented user support via automation, AI agents and data-driven operations •Demonstrated scalability through global tech center collaboration and strong governance -42K+ offshore delivery model, 340+ HC, post-transformation 98% A 40,000
Page 60
| 14/05/2025 | Capital Markets Day | © Atos - for external use60 Genesis: our strategy and transformation plan already in motion Organization model, governance & people Genesis Growth HR Gross Margin Cost review CashCountries review Portfolio review KAM organization & key account focus Industry Where to invest Bid Excellence M&A Culture & Talents Bonus Scheme and LTI Reinforce or Exit Business Lines / Offers Where to Invest Contract Review Low profitability contract Practice Turnaround Direct Workforce Billability Presales Efficiency and costs Project Margin enhancement Delivery Excellence R&D Investment RoI G&A review (excl. Real Estate) Real Estate Review IT spend and tools (operations & payrolling) DSO and DPO management Securitization Capex Tax management
Page 61
A sustainable financial and extra- financial trajectory 04
Page 62
Jacques-François de Prest Chief Financial Officer
Page 63
| 14/05/2025 | Capital Markets Day | © Atos - for external use63 2025: a transition year laying the foundations for profitable growth Atos External Revenue 2024-2025 evolution (2024-2025, €B) 2024 Atos Group ER1 0.15 Perimeter change 0.3 Strategic exits and contract reviews2 0.6 Low business traction 2025 ER3 €9.6B c.€8.5B 1 2 3 Discontinuation of non-strategic and structurally unprofitable contracts Low business traction in 2024 – default situation and financial restructuring Worldgrid disposal1 2 3 Expected positive 2025 exit rate with end of contracts pruning and expected HPC seasonality Note: (1) Including Worldgrid, Advanced Computing and Non-Core Countries, (2) Contract reviews for projects with below-5% Project Margin, (3) Excluding Worldgrid, including Advanced Computing and Non-Core Countries
Page 64
| 14/05/2025 | Capital Markets Day | © Atos - for external use64 2025: a stronger foundation to optimize OMand cash generation 2024 Atos Group OM1 Perimeter change Strategic exits and contract reviews2 Delivery optimization G&A 2025 OM3 2% -0-0.5 p.p. c.+1 p.p. c.+0.5 p.p. c.+1 p.p. c.4% Note: (1) Including Worldgrid; (2) Including one-off adjustments from 2024 provisions on underperforming contracts Atos Operating Margin 2024-2025 evolution (2024-2025, %) Discontinuation of non- strategic orstructurally unprofitable contracts Project margin improvement (incl pricing discipline and billability optimization Worldgrid disposal1 2 3 Profitability expected to be heavily H2-loaded due to expected seasonality and benefit from cost reduction FY 2025 net change in cash before debt repayment expected at c.-€350m G&A cost optimization4 41 2 3 Note: (1) Including Worldgrid, Advanced Computing and Non-Core Countries, (2) Contract reviews for projects with below-5% Project Margin, (3) Excluding Worldgrid, including Advanced Computing and Non-Core Countries
Page 65
| 14/05/2025 | Capital Markets Day | © Atos - for external use65 The starting point of our growth journey will be more focused Note: (1) Including Worldgrid; (2) Including one-off adjustments from 2024 provisions on underperforming contracts Atos 2025 Proforma adjustments (2025, €, %) Exiting from non-core countries to focus on most strategic markets (slightly dilutive on OM) Ongoing divestiture of Advanced Computing scope (slightly accretive on OM) 1 2 2025 ER1 c.-0.8 Advanced Computing c.-0.3 Non-core Countries 2025 Proforma ER2 c.€8.5B c.€7.5B OM % c.4% c.4%1 2 Note: (1) Excluding Worldgrid, including Advanced Computing and Non-Core Countries, (2) Excluding Worldgrid, Advanced Computing and Non-Core Countries Overall no impact on OM: stable at c.4%
Page 66
| 14/05/2025 | Capital Markets Day | © Atos - for external use66 2028 ambition to reach €9-10B external revenue 2025 Proforma ER1 1.0-1.5 Organic growth 2028 ER (Organic)1 M&A 2028 ER (Organic + M&A)1 c.€7.5B €8.5-9B 0.5-1.0 €9-10B 5-7% CAGR 8-10% CAGR Atos External Revenue 2028 ambition (2025-2028, €B) Reach full potential on existing customer base Drive growth with Rapidly Scaling technologies services and Industry offerings (double-digit CAGR) Boost revenues from new logos Strategic, targeted and disciplined acquisitions from 2026 Note: (1) Excluding Worldgrid, Advanced Computing and Non-Core Countries
Page 67
| 14/05/2025 | Capital Markets Day | © Atos - for external use67 2028 ambition to reach c.10% operating margin Atos Operating Margin ambition (2025-2028, %) 85% billability2 target Project Margin improvement (incl. offshoring, pricing, HC optimization, automation...) G&A cost optimization Profitable revenue growth from adjusted cost base Further investments in R&D1 3 4 52 1 2 3 4 5 2025 Proforma OM1 Billability improvement Incremental delivery optimization G&A Profitable growth -0.5-1.0p.p. R&D investments 2028OM c.4% c.+3p.p. c.+1.5 p.p. c.+2 p.p. c.+0.5 p.p. c.10% Note: (1) Excluding Worldgrid, Advanced Computing and Non-Core Countries (2) Billable activities defined as activities directly linked to customer program execution - either dedicated or in central operations team
Page 68
| 14/05/2025 | Capital Markets Day | © Atos - for external use68 Strong cumulative cash flow generation over the period Furthersustainableand recurring WorkingCapital improvement opportunityover 2025-28 Capex maintainedat c.2% of revenues over 2025-28 Ongoingrestructuringprogram achievedby mid-2027 (c.€700M cumulative cash out over 2025-27) Cash taxto growin line withactivity Net cash costof debt stable over 2025-28 at c.€170Mper year Positive net change in cashbefore debt repayment and M&Afrom 2026
Page 69
| 14/05/2025 | Capital Markets Day | © Atos - for external use69 Capital allocation aligned with Group strategy and maturity Net debt reduction 1 Target: •Leverage ratio <1.5x net debt/ OMDAL1 in FY 2028 •BB credit rating profile in 2027, on the trajectory to long-term investment grade profile Targeted strategic and disciplined M&A and ventures from 2026 2 No dividend expected to be paid before 2028 3 No share buy back program expected to be implemented before 2028 4 Note: (1) OMDAL=Operating Margin before Depreciations, Amortization and Leases
Page 70
| 14/05/2025 | Capital Markets Day | © Atos - for external use70 Strong liquidity position and debt maturity to secure strategy implementation Atos total gross debt maturity (2024-2032, €M) 239 318 131 302 751 219 500 841 137 802 2024 2025 2026 2027 2028 2029 2030 2031 2032 1,843 1,910 4875-year debt extension following financial restructuring Bond RCF1 Loan PIK2 €2.0B Total liquidity as of March 31st, 2025 (o/w €1.5B in cash & cash eq.) €3.5B Total gross debt as of today (incl. €440m of RCF) <1.5xTarget leverage ratio at YE 2028 Note: (1) €440M RCF & €60M contractual guarantee line; (2) Payment in kind, to be included in gross debt at maturity
Page 71
Alexandra Knupe Head of Group CSR
Page 72
| 14/05/2025 | Capital Markets Day | © Atos - for external use72 Sustainability, a business imperative and a strategic lever for Atos Risk and trust •Regulatory compliance and reporting readiness •Governance transparency and ESG risk management •Resilience in a fast-changing environment Value forclients •Demand for Net Zero, inclusion, and digital social impact •Sustainability as a driver of cost efficiency and continuity •Clients expect partners to align with their ESG priorities -90% vs 2025 Atos Net Zero Target 2050, aligned with SBTi Atos contribution 40% women In new hires until end of 2025 Digital accessibility & assistive technology
Page 73
| 14/05/2025 | Capital Markets Day | © Atos - for external use73 Oursustainable value circle Trusted enabler of sustainable transformation — for clients, partners, and Atos own operations For our clients & partners For our own operations Embedded carbon dashboards and eco- designed offers (cloud, workplace, platforms) Solutions aligned with CSR standards (SBTi, regulatory reporting) Support clients in managing their footprint and accelerating their net zero journey Commit to the same sustainability standards we support for clients Active reduction of our own footprint (Scope 1, 2 & 3), green IT and energy-efficient infra Target: -50% by 2025, aligned with SBTi Net Zero roadmap (2035, 2050 milestones)
Page 74
| 14/05/2025 | Capital Markets Day | © Atos - for external use74 Atos’ CSR performance in the Top group of companies in the IT sector 74/100 – Top 5%, 12 years in a row in the S&P Sustainability Yearbook “B” score on the 2024 Climate Change List 80/100 – Platinum rating, Top 1% worldwide 71/100 – Strong ESG scoresacross E, S & G (2024) A rating, Top 26% in July 2024 64/100 – Prime Status, Top 10% in sector
Page 75
A clear path forward 05
Page 76
| 14/05/2025 | Capital Markets Day | © Atos - for external use76 Our path to success Clear vision to capture market opportunities and leverage strong fundamentals Ambitious and achievable financial targets Focused transformation plan to optimize Group and drive efficiencies Renewed and committed Leadership Team to drive change
Page 77
| 14/05/2025 | Capital Markets Day | © Atos - for external use77 Our ambitious and achievable financial targets Building the foundation From recovery to relaunch Sustainable cash generation 2025 20282026 Reduced and focused top line c.€8.5B revenue Adjusted cost structure c.4% operating margin Positive organic growth Positive net change in cash before debt repayment and M&A Cash still impacted by restructuring c.-€350M net cash generation Organic growth alignedwith market outlook and mix 5-7% 2025-2028 revenue CAGR Visible deleveraging c.10% operating margin Further cost optimization & profitable growth <1.5x net debt/OMDAL1 Note: (1) OMDAL=Operating Margin before Depreciations, Amortization and Leases
Page 78
| 14/05/2025 | Capital Markets Day | © Atos - for external use78 Clear vision and plan to close the gap with peers Company revenue CAGR (2021-23, in %) Revenues (2023, €B) EBIT margin (2023, %) Atos Global players Global Infra specialists Regional players TWITCH1 100 Note: (1) TWITCH: Tata Consultancy Services, Wipro, Infosys, Tech Mahindra, Cognizant & HCLTech
Page 79
Questions & Answers 06
Page 80
Atos is a registered trademark of Atos SE. © 2025 Atos. Confidential information owned by Atos, to be used by the recipient only. This document, or any part of it, may not be reproduced, copied, circulated and/or distributed nor quoted without prior written approval from Atos. Thank you! For more information, please contact: Investor Relations investors@atos.net