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SPIE Press release 2021 Half - Year results H1 revenue and EBITA already back above pre - crisis levels Accelerated deleveraging driven by strong working capital performance Full - year outlook upgraded Cergy , July 29th , 2021 Strong half - year results , revenue and EBITA already back above pre - crisis levels Revenue : € 3,296.5 million , up + 9.1 % vs. H1 2020 ( + 9.7 % on an organic basis ) - - · Very strong growth in Q2 ( + 19.1 % organic ) , on a low Q2 2020 impacted by strict lockdowns H1 revenue 1.7 % higher than H1 2019R1 level ( in line on an organic basis ) EBITA : € 159.7 million , markedly up by + 71.2 % compared to H1 2020 ; 2.1 % higher than in H1 2019 · EBITA margin : 4.8 % , up +170 bps compared to H1 2020 and already back in line with H1 2019 Sharp rebound in net income ( Group share ) , at € 57.1 million Dynamic bolt - on M & A focused on the Group's strategic priorities - - 6 acquisitions since the beginning of the year , totalling € 192 million annual revenue Focus on Germany & Central Europe and ICT services Excellent working capital performance driving acceleration in deleveraging - - Very strong underlying improvement in working capital over 12 months , by 7 days of revenue € 83 million decrease in net debt vs. June 2020 despite pay back of 2020 social charges and taxes deferrals , resumption of dividend payment and dynamic M & A activity End - June 2021 leverage markedly down , at 3.0x compared to 3.6x at end June 2020 2021 outlook upgraded - Revenue at or above 2019 level - EBITA margin at 2019 level : 6.0 % Bolt - on acquisitions : total full - year revenue to be acquired in 2021 well in excess of € 200 million Strong reduction in leverage ratio² , now expected at around 2.0x at year - end 1 Restated to include the contribution of SPIE UK's schools facility management activity , reintegrated into the continued perimeter in June 2020 ( previously under a divesture process ) . 2 Ratio of net debt at end December to pro forma EBITDA for the full year , excluding the impact of IFRS 16 1