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Q1 2025 REVENUE April 24, 2025
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DISCLAIMER 2 This presentation contains statements related to our future business and financial performance and future events or developments involving Bureau Veritas that may constitute forward-looking statements. These statements are based on current plans and forecasts of Bureau Veritas’ management and may be identified by words such as “expect”, “forecast”, “look forward to”, “anticipate”, “intend”, “plan”, “believe”, “seek”, “estimate”, “will”, “project” or words of similar meaning. Such forward-looking statements are by their nature subject to a number of risks, uncertainties and factors, including without limitation those described in the Document d’enregistrement universel filed with the French Autorité des marchés financiers (“AMF”), that could cause actual results to differ from the plans, objectives and expectations expressed in such forward-looking statements. These forward-looking statements speak only as of the date on which they are made, and Bureau Veritas undertakes no obligation, except to the extent required by law, to update or revise any of them, whether as a result of new information, future events or otherwise.
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SUMMARY 3 02 03 04 05 LEAP | 28 UPDATE FINANCIAL REVIEW PORTFOLIO BUSINESS HIGHLIGHTS OUTLOOK 01 HIGHLIGHTS
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01. Highlights 4
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Q1 2025 HIGHLIGHTS 5 ORGANIC GROWTH EXTERNAL GROWTH CURRENCY IMPACT €1.56bn +8.3% total growth (+8.7% at cc) Steady growth across the board+7.3% Contribution from recent accelerated bolt-on acquisitions, partly offset by disposals over the past 12 months, including parts of the Food testing business+1.4% Appreciation of the euro against most currencies(0.4)% +3.0% (1.6)% acquisitions disposals net UNCHANGED 2025 OUTLOOK NEW EUR 200M SHARE BUY BACKNEW EUR 200M SHARE BUY BACK
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GOOD START TO THE YEAR 6 ORGANIC REVENUE GROWTH BY REGION IN PERCENTAGE OF GROUP REVENUE 35% 28% 26% 11% Q1 2025 Asia Pacific Europe Americas Africa, Middle East +6.4% organic growth +7.5% organic growth +3.0% organic growth +24.9% organic growth +7.3% organic growth CER IND M&O AFC B&I CPS 39% Cumulative revenue 19% 42% ORGANIC REVENUE GROWTH BY BUSINESS SIZE OF BOXES IN PROPORTION OF GROUP REVENUE DOUBLE-DIGIT ORGANIC GROWTH MID-SINGLE-DIGIT ORGANIC GROWTH LOW-SINGLE-DIGIT ORGANIC GROWTH Ranging from 10.9% to 14.3% Ranging from 2.5% to 3.4%
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FY 2024 revenue RESILIENT REVENUE STREAMS IN AN UNCERTAIN ENVIRONMENT 7 REVENUE MIX BY TYPE OF SERVICES IN PERCENTAGE OF GROUP REVENUE Products 26% 37% 37% c. c. c. Opex & Systems › Large-scale investment programs › Secured by solid backlog › Long-term trends around urbanization, low-emission assets and energy needs Capex benefiting from:
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François TOTAL c. €38m Q1 2025 Revenue Mix First year execution M&A progress Acquisitions in annualized revenue Expand Leadership1 38% 1 acquisition in B&I c. €30m New Strongholds2 11% Optimize Value and Impact3 51% 1 acquisition in M&M 1 Food divestment (ongoing) c. €8m LEAP I 28 – M&A UPDATE 8 (1) B&I, Certification, Industry (Industrial Product Certification) (2) Transition Services, Power & Utilities & Renewables, Cybersecurity, CPS (Tech) (3) Agrifood & Commodities, CPS (Softlines, Hardlines & Toys), M&O, Industry (Oil & Gas) ✓ ✓ ✓✓ Focused portfolio M&A execution Q1 2025 2 acquisitions • Focus on small bolt- on acquisitions • Very selective medium-sized bolt-on deals possible: €100m to €500m revenue LEAP | 28 Disciplined and targeted M&A strategy
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03. Financial review 9
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REVENUE EVOLUTION VARIATION ANALYSIS In € million Q1 2025 TOTAL REVENUE GROWTH OF 8.3% 10 +8.7% at constant currency Q1 2024 Organic Scope Currency Q1 2025 +7.3% +1.4% (0.4)% 1 1,439.5 1,558.7 (1) Alternative performance indicators are presented, defined and reconciled with IFRS in appendix of this presentation
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Q1 2025 REVENUE GROWTH BY BUSINESS 11 Marine & Offshore Agri-Food & Commodities Industry Buildings & Infrastructure Total Group Consumer Products Certification % of revenue 100% 9% 21% 9% 19% 31% 11% @ constant currency +7.8% +11.8% +7.7% +15.0% +0.1% +8.7% +14.6% Organic Scope +2.5% +14.3% +6.0% +11.8% +10.9% +7.3% (5.9)% +4.4% +1.4% +3.4% +5.2% +0.7% +3.7%
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12 A WELL-DEFINED AND DISCIPLINED CAPITAL ALLOCATION New EUR 200m share buy back program → To be completed by the end of June 2025 → Reflecting confidence in the Group’s resilient business model → Leveraging its current share price Q1 2025 HIGHLIGHTS CAPITAL ALLOCATION 2028 GOALS NET M&A SPEND: accelerated Portfolio high-grading CAPEX: 2.5% - 3.0% As a % of revenue Dividend: 65% payout ratio As a % of adjusted net income Leverage: between 1.0x and 2.0x Net debt/EBITDA by 2028 2024 €267m 2.2% 65% 1.06x
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03. Portfolio business highlights 13
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Q1 2024 Organic Scope Currency Q1 2025 14 Key Q1 2025 figures In GRTm March 2025 March 2024 New orders 3.9 2.8 Order book 27.0 23.3 In-Service fleet 154.8 150.8 45% 12% 43% • New Construction: strong double-digit • Core In-service: low-single-digit • Other services: mid-single-digit 9% OF YTD GROUP REVENUE MARINE & OFFSHORE 122.1 136.2+11.8% - (0.3)% Organic Revenue Growth Divisional revenue LEAP | 28 Green objects ▪ Ships › Approvals in Principle delivered to the Marine Design and Research Institute of China (MARIC) for its new 155,000m³ Ultra Large Ethane Carrier (ULEC) design › Classification services for the first dual-fuel methanol chemical IMO II tanker for French shipowner Socatra ▪ Performance led execution › Modernization of technical support through a Gen AI and ML technologies powered helpdesk
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15 AGRI-FOOD & COMMODITIES • Oil & Petrochemicals: low-single-digit • Metals & Minerals: high-single-digit • Agri-Food: low-single-digit • Government services: high-single-digit 15% 27% 18% 40% 19% OF YTD GROUP REVENUE Q1 2024 Organic Scope Currency Q1 2025 297.3 296.8(0.3)% (5.9)%+6.0% Organic Revenue Growth Divisional revenue LEAP | 28 Transition services ▪ Nature › Renewal and extension of the scope for verification and control of sustainable fishing & aquaculture activities in plants, unloading terminals and transport control points in Peru › Certification services for 7 fish farms in Denmark according to the Aquaculture Stewardship Council (ASC) standard for responsible farmed seafood ▪ Focused portfolio › Acquisition of GeoAssay (264 employees and revenue of c. EUR 8m) to cement the Group’s position as the Metals & Minerals market leader in Chile, the world’s largest copper producer Key Q1 2025 figures
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Organic Revenue Growth Q1 2024 Organic Scope Currency Q1 2025 16 INDUSTRY 21% OF YTD GROUP REVENUE * Including Procurement Services 295.6 335.8(1.4)%+0.7%+14.3% Divisional revenue LEAP | 28 Green objects & Transition services ▪ Renewables [Green objects] › Secured a construction management services contract for 200 MW solar power portfolio for a North American developer ▪ Carbon & climate [Transition services] › Methane emissions quantification & reporting contract for an O&G company in Brazil › Carbon footprint verification services for the world leader in industrial gas production • Oil & Gas Opex: high single-digit • Oil & Gas Capex: strong double-digit • Power & Utilities: strong double-digit • Industrial Product Certification: double-digit • Environmental Testing: low-single-digit • Other*: mid-single-digit Key Q1 2025 figures ▪ Performance led execution › Tech-augmentation of inspection services progressing (eg for tank farms) 13% 17% 27% 20% 8% 15%
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Q1 2024 Organic Scope Currency Q1 2025 17 BUILDINGS & INFRASTRUCTURE 19% 26% 5% 50% • Europe: low-single-digit • Americas: mid-single-digit • Asia Pacific: low-single-digit contraction • Africa, Middle East: strong double-digit 31% OF YTD GROUP REVENUE 441.0 476.5+0.4%+5.2% +2.5% Divisional revenue Organic Revenue Growth LEAP | 28 Transition services ▪ Carbon & climate › Services contract for buildings assessment and energy audits for a US state agency on a portfolio of housing assets › Green building LEED pre-assessment and construction review services for an airport in Italy ▪ Focused portfolio › Acquisition of Contec AQS (190 employees and revenue of c. EUR 30m) to expand Bureau Veritas’ Buildings and Infrastructure footprint in Italy › Special inspections contract secured on a critical rail infrastructure program linking New Jersey and New York Key Q1 2025 figures
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Q1 2024 Organic Scope Currency Q1 2025 CERTIFICATION 18 * Contains transition services and other solutions ** Cyber 17% 9% OF YTD GROUP REVENUE 33% 50% • QHSE & Specialized Schemes: high-single-digit • Sustainability* & Digital** : double-digit • Others, including Training : mid-single digit 117.4 134.1(0.4)%+3.7%+10.9% Divisional revenue Organic Revenue Growth LEAP | 28 Transition services ▪ ESG reporting › CSRD report advice for a leading manufacturing group in Europe ▪ Product circularity › Verification and audit of the Environmental Product Declaration (EPDs) for 6 products of a large steel and building materials manufacturer in UAE ▪ Performance led execution › Digital Smart Certification tool: new delivery platform to be launched for back-office support in Q2 2025 Key Q1 2025 figures
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Q1 2024 Organic Scope Currency Q1 2025 19 CONSUMER PRODUCTS SERVICES * Healthcare, Beauty and Household 11% OF YTD GROUP REVENUE 46% 9% 16% 29% 166.1 179.3+0.1%+4.4%+3.4% • Softlines, Hardlines, Toys: mid-single-digit • Healthcare*: high-single-digit • Supply Chain & Sustainability: double-digit • Technology: mid-to-high-single-digit contraction Divisional revenue Organic Revenue Growth LEAP | 28 Transition services ▪ Product circularity › Life cycle analysis and eco-design certification services for a French wholesaler of electronic parts ▪ Supply chain › Carry out social audits for Hardline and Softline products, covering 500 suppliers for a German goods importer ▪ Performance led execution › Launch of a comprehensive and data- driven Digital Client Solution to manage supply chains and all stakeholders. Key Q1 2025 figures
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05. Outlook 20
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François François Urbanization Energy transition & decarbonization Sustainability Supply chains reconfiguration Connectivity & digitalization CUSTOMERS ADAPTING TO A CHANGING WORLD 21 Energy Brand & reputation protection Supply chains resilience SECULAR TRENDS Digital risk RISK MANAGEMENT & MAXIMIZING IMPACT Urbanization NEW CHALLENGES & NEW REALITIES
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2025 OUTLOOK UNCHANGED 22 Improved adjusted operating margin1 Mid-to-high single-digit organic revenue growth Strong cash flow, with a cash conversion2 above 90% While customers are navigating an uncertain period, the Group has a robust opportunities pipeline, a solid backlog, and mid-to-long-term strong market fundamentals. Therefore, Bureau Veritas keeps its outlook unchanged, and expects to deliver for the full year 2025: (1) At constant currency (2) (Net cash generated from operating activities – lease payments + Income tax) / adjusted operating profit
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CLOSING REMARKS 23 › A solid backlog, an engaged workforce and a proven execution track record › An evolving macro-environment with parameters that should become clearer in the coming months › Committed to superior shareholder returns: consistent execution of the strategy and new share buyback › Focused on what we control through performance programs acceleration, superior sales and customer differentiation
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QUESTIONS & ANSWERS 24 Q 1 2 0 2 5 R E V E N U E
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2025 FINANCIAL CALENDAR Q 1 2 0 2 5 R E V E N U E 25 › Shareholder’s meeting: June 19, 2025 › HY 2025 results: July 25, 2025 › Q3 2025 revenue: October 23, 2025 A G E N D A Our information is certified with blockchain technology. Check that this presentation is genuine at www.wiztrust.com Bureau Veritas has been ranked in the Top 3 most transparent companies of the SBF120 index at the 2024 Transparency Awards (July 4, 2024)
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26 CONTACTS I N V E S T O R R E L AT I O N S D E P A R T M E N T BUREAU VERITAS HEAD OFFICE – 40/52 BOULEVARD DU PARC 92200 NEUILLY-SUR-SEINE, FRANCE Laurent Brunelle Head of Investor Relations +33 (0)1 55 24 76 09 laurent.brunelle@bureauveritas.com Colin Verbrugghe Investor Relations Director +33 (0)1 55 24 77 80 colin.verbrugghe@bureauveritas.com Karine Ansart Investor Relations Analyst karine.ansart@bureauveritas.com Inès Lagoutte Investor Relations Officer Junior ines.lagoutte@bureauveritas.com Q 1 2 0 2 5 R E V E N U E
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06. Appendix 27
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François MM Focused portfolio M&A execution KEY B&I PRIORITIES 1 Including other non energy industry assets Buildings & Infrastructure Certification Industrial Product Certification Industry1 EXPAND LEADERSHIP IN EXISTING STRONGHOLDS • Market share, expertise and brand recognition leader • Substantial growth opportunities • M&A : acceleration Acquisition in YTD 2025 Portfolio expansion including services in sustainability and Technical Due Diligence BUILDINGS OPEX2 2 3 Market leadership in code compliance and datacenters BUILDINGS CAPEX1 Global leader in construction supervision & project management services INFRASTRUCTURE CAPEX3 €30m Revenue generated in 2024 › Contec AQS (Italy) – B&I › Technical expertise covering construction, infrastructure and HSE1 › Expand the Group’s Buildings and Infrastructure footprint in Italy › Closed in March 2025 › c.190 employees 28 1 Health, Safety & Environment Q 1 2 0 2 5 R E V E N U E
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François Focused portfolio M&A execution OPTIMIZE VALUE AND IMPACT • Mix of businesses in mature markets • Continue monitoring growth capabilities & ensure bottom line returns • M&A : opportunistic acquisitions and portfolio high grading › Divestment of food testing activities to Mérieux NutriSciences › Staggered closing of different regions › Closing of businesses in Q1 2025: Asian & African activities › Expected closing of Australia & Latin America in Q2 2025 METALS & MINERALS Agrifood & Commodities FOOD SERVICES Agrifood & Commodities Agrifood & Commodities Softlines, toys, hardlines Consumer Products Services Marine & Offshore Oil & Gas Industry 29 Ongoing divestments Acquisition in YTD 2025 €8m revenue generated in 2024 › Opportunistic acquisition of GeoAssay (Chile), reinforcing the Group’s leading position in the Chilean copper market › Mineral testing activities › 3 state-of-the-art laboratories › 264 technical employees
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François Focused portfolio M&A execution › Indicative closing timeline Jan.Nov. Dec. Q22024 Q12025 Canada & US Other areasAfrica, Asia Rationale • Balance sheet strengthening • Greater leeway to refocus porftolio on markets with targeted top leadership and performance positions • Margin accretive and EPS neutral › KPIs €360m Enterprise value €133m FY23 revenue generated €290m Net proceeds from disposals 34 Laboratories 4 Geographies 1,900+ Employees Focus on divestment of food testing activities 30 OPTIMIZE VALUE AND IMPACT • Mix of businesses in mature markets • Continue monitoring growth capabilities & ensure bottom line returns • M&A : opportunistic acquisitions and portfolio high grading Agrifood & Commodities Softlines, toys, hardlines Consumer Products Services Marine & Offshore Oil & Gas Industry
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SECULAR DRIVERS BY BUSINESS LINE 31 Main secular drivers Marine & Offshore Agri-Food & Commodities Industry Main secular drivers Buildings & Infrastructure Certification Consumer Products Services SUPPLY CHAIN RECONFIGURATION Supply chain traceability concerns SUSTAINABILITY DRIVE Responsible use of natural resources SUSTAINABILITY DRIVE Renewal of ageing World fleet ENERGY TRANSITION & DECARBONIZATION Green shipping & decarbonization mandate ENERGY TRANSITION & DECARBONIZATION Low carbon and no carbon energy sources investment SUSTAINABILITY DRIVE Ageing assets and tightening regulations ENERGY TRANSITION & DECARBONIZATION Green buildings and energy efficiency URBANIZATION Population increase and urbanization SUSTAINABILITY DRIVE Brand and reputation protection SUSTAINABILITY DRIVE Entreprise risk management SUPPLY CHAINS RECONFIGURATION Sourcing shifts SUSTAINABILITY DRIVE Consumer expectations CONNECTIVITY & DIGITALIZATION Consumer product cyber regulation
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32 • Bureau Veritas is the first TIC player to publish a report aligned with the new European Corporate Sustainability Reporting Directive (CSRD). CSR COMMITMENT MAINTAINED IN Q1 2025 Q1 2024 Q1 2025 2028 target Scope 1 & 2 CO2 emissions (in thousand tons)1 150 133 107 Total Accident Rate (TAR)2 0.28 0.24 0.23 Gender balance in senior leadership (EC-II)3 28.1% 27.8% 36.0% Number of learning hours per employee (per year)4 27.8 40.3 40.0 Proportion of employees trained to the Code of Ethics 98.5% 99.5% 99.0% (1) Scope 1 and Scope 2 greenhouse gas emissions are calculated over a 12-month rolling period, with a one-quarter lag. (2) TAR: Total Accident Rate (number of accidents with and without lost time x 200,000/number of hours worked). (3) Proportion of women from the Executive Committee to Band II (internal grade corresponding to a management or executive management position) in the Group (number of women on a full-time equivalent basis in a leadership position/total number of full-time equivalents in leadership positions). (4) Indicator calculated over a 12-month rolling period.
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33 Main ratings to nurture reputation with clients and trust with investors BUREAU VERITAS AIMS TO BE THE LEADER IN NON-FINANCIAL RATINGS AA Negligible risk ranked 1st in Research and Consulting subindustry Advanced Gold May 2024 September 2024 July 2024 October 2024 77/100 February 2025 A above industry average (C) 73/100 S&P Global Sustainability Yearbook 2024 (Top 1% Professional services) February 2024 A June 2023 Top listed companies 76 July 2023 C+ November 2023 Status Prime 84/100 among 184 companies October 2024 ranked 2nd in the Professional Services - Industry category Sustainalytics’ 2025 ESG Top-Rated Companies January 2025 By Region & Industry
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34 Q1 2025 REVENUE BY BUSINESS €M Organic Scope Currency Marine & Offshore 136.2 +11.8% - (0.3)% Agri-Food & Commodities 296.8 +6.0% (5.9)% (0.3)% Industry 335.8 +14.3% +0.7% (1.4)% Buildings & Infrastructure 476.5 +2.5% +5.2% +0.4% Certification 134.1 +10.9% +3.7% (0.4)% Consumer products 179.3 +3.4% +4.4% +0.1% Total Group 1,558.7 +7.3% +1.4% (0.4)% BREAKDOWN OF REVENUEREVENUE AND YEAR-ON-YEAR REVENUE GROWTH 9% 19% 21% 31% 9% 11% Marine & Offshore Agri-Food & Commodities Industry Buildings & Infrastructure Certification Consumer Products Services Q1 2025
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35 Q1 2025 REVENUE EVOLUTION BY GEOGRAPHY REVENUE EVOLUTION BY NATUREREVENUE BY GEOGRAPHIC AREA 35% 28% 26% 11% Q1 2025 Asia Pacific Europe Americas Africa, Middle East +6.4% +7.5% +3.0% +24.9% (1.8)% +2.3% Americas Asia Pacific Europe Africa, Middle East Scope +4.1% (1.8)% Organic
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36 CURRENCY MIX IN Q1 2025 Large exposure to USD and emerging market currencies (90+ currencies overall) +3,1% +2,0% (1,2)% +2,4% (12,8)% (3,1)% +3,1% (1,1)% +1,5% +3,0% +3,7% +0,5% (18,5)% +2,6% (4,2)% USD* CNY AUD GBP BRL CAD AED* INR CLP SAR* HKD* JPY ARS SGD KRW EUR 29,6% USD* 12,9% CNY 10,0%AUD 5,5%GBP 3,1% BRL 3,0% CAD 2,6% AED* 2,5% INR 2,2% CLP 2,1% SAR* 1,7% HKD* 1,7% JPY 1,4% ARS 1,3% SGD 1,3% KRW 1,2% OTHER 17,9% Q1 2025 CURRENCY CHANGE (YEAR ON YEAR)REVENUE CURRENCY EXPOSURE * USD and pegged currencies
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37 DEFINITION OF ALTERNATIVE PERFORMANCE INDICATORS AND RECONCILIATION WITH IFRS (1/2) ORGANIC GROWTH (1/2)INTRODUCTION The total revenue growth percentage measures changes in consolidated revenue between the previous year and the current year. Total revenue growth has three components: › organic growth; › impact of changes in the scope of consolidation (scope effect), › impact of changes in exchange rates (currency effect). The Group internally monitors and publishes “organic” revenue growth, which it considers to be more representative of the Group’s operating performance in each of its business sectors. The main measure used to manage and track consolidated revenue growth is like-for-like, or organic growth. Determining organic growth enables the Group to monitor trends in its business excluding the impact of currency fluctuations, which are outside of Bureau Veritas’ control, as well as scope effects, which concern new businesses or businesses that no longer form part of the business portfolio. Organic growth is used to monitor the Group’s performance internally. Bureau Veritas considers that organic growth provides management and investors with a more comprehensive understanding of its underlying operating performance and current business trends, excluding the impact of acquisitions, divestments (outright divestments as well as the unplanned suspension of operations – in the event of international sanctions, for example) and changes in exchange rates for businesses exposed to foreign exchange volatility, which can mask underlying trends. The Group also considers that separately presenting organic revenue generated by its businesses provides management and investors with useful information on trends in its industrial businesses, and enables a more direct comparison with other companies in its industry. The management process used by the Bureau Veritas Group is based on a series of alternative performance indicators, as presented below. These indicators were defined for the purposes of preparing the Group’s budgets and internal and external reporting. Bureau Veritas considers that these indicators provide additional useful information to financial statement users, enabling them to better understand the Group’s performance, especially its operating performance. Some of these indicators represent benchmarks in the testing, inspection and certification (“TIC”) business and are commonly used and tracked by the financial community. These alternative performance indicators should be seen as a complement to IFRS-compliant indicators and the resulting changes. TOTAL REVENUE GROWTH
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DEFINITION OF ALTERNATIVE PERFORMANCE INDICATORS AND RECONCILIATION WITH IFRS (2/2) SCOPE EFFECTORGANIC GROWTH (2/2) To establish a meaningful comparison between reporting periods, the impact of changes in the scope of consolidation is determined: › for acquisitions carried out in the current year: by deducting from revenue for the current year revenue generated by the acquired businesses in the current year; › for acquisitions carried out in the previous year: by deducting from revenue for the current year revenue generated by the acquired businesses in the months in the previous year in which they were not consolidated; › for disposals and divestments carried out in the current year: by deducting from revenue for the previous year revenue generated by the disposed and divested businesses in the previous year in the months of the current year in which they were not part of the Group; › for disposals and divestments carried out in the previous year, by deducting from revenue for the previous year revenue generated by the disposed and divested businesses in the previous year prior to their disposal/divestment. Organic revenue growth represents the percentage of revenue growth, presented at Group level and for each business, based on a constant scope of consolidation and exchange rates over comparable periods: › constant scope of consolidation: data are restated for the impact of changes in the scope of consolidation over a 12-month period; › constant exchange rates: data for the current year are restated using exchange rates for the previous year. CURRENCY EFFECT The currency effect is calculated by translating revenue for the current year at the exchange rates for the previous year. 38
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GLOSSARY Operating Profit (AOP) excludes amortization of acquisition intangibles, goodwill impairment, restructuring, acquisition and disposal-related items (adjustment items) ASR: Accident Severity Rate Adjusted Operating Margin (AOP Margin) is defined as Adjusted Operating Profit / Revenue Adjusted Net Profit is defined as net profit adjusted for items after tax Adjusted Net Debt is defined as net financial debt after currency hedging instruments, as defined in the calculation of banking covenants AI: Artificial Intelligence AIM: Asset Integrity Management B&I: Buildings & Infrastructure BIM: Building Information Modeling CC: Constant currency E&E: Electronic & Equipment E&P: Exploration & Production EMC: Electromagnetic Compatibility FCF: Free cash flow FOREX or FX: Foreign exchange FPSO: Floating Production Storage and Offloading FSO: Floating Storage and Offloading GMO: Genetically Modified Organism GRT or GT (Marine): Gross Register Ton or Gross Ton GS: Government Services IoT: Internet of Things IMO: International Maritime Organization LNG: Liquefied Natural Gas LTR: Lost Time Rate M&M: Metals & Minerals NDT: Non-destructive Testing O&G: Oil & Gas O&P: Oil & Petrochemicals Organic growth: increase in revenue versus last year, at constant currency and scope (i.e. acquisitions excluded) P&U: Power & Utilities PMA: Project Management Assistance PSI: Pre-shipment Inspection QA / QC: Quality Assessment / Quality Control SSC: Shared Service Center TAR: Total Accident Rate ULCS: Ultra Large Container Ships VLCC: Very Large Crude Carriers VOC: Verification of Conformity y/y: year-on-year WC / WCR: Working Capital / Working Capital Requirement 39
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OWNERSHIP AND MARKET DATA MARKET DATASHAREHOLDING STRUCTURE AS AT 31.12.2024 • Listed on Euronext-Paris • Ticker: BVI • ISIN: FR0006174348 • IPO on October 2007: €9.44/share • Share Price1: €27.94 • Market Cap.1: €12.68bn • Main indices: CAC 40, CAC 40 ESG, CAC SBT 1.5, SBF 120, CAC Large 60, Euronext 100, EURO STOXX® Industrial Goods & Services, STOXX® Europe 50, STOXX® All Europe 100, STOXX® Europe 600, STOXX® Developed Markets 150, STOXX® Europe 600 Industrial Goods and Services, STOXX® Global ESG Leaders, STOXX® Global ESG Environmental Leaders, Dow Jones Sustainability World, Dow Jones Sustainability Europe, MSCI World, FTSE4Good Index series. • Unsponsored ADR set up by Citi and Deutsche Bank; Ticker: BVVBY 26,5% 5,3% 0,7% 1,2% 66,3% Wendel group The Capital Group Executive Committee & Employees Treasury shares Free float (1) As of March 31, 2025 40
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W W W . B U R E A U V E R I T A S . C O M