Page 1

SPIE Press release Quarterly information at September 30th , 2021 Continued good momentum EBITA margin above 2019 level Full - year margin outlook improved further Cergy , November 5th , 2021 Group revenue in line with pre - crisis level 9m 2021 revenue : € 5,031.4 million , up + 6.2 % year - on - year ( + 5.6 % organic ) and in line ( + 0.4 % ) with 9m 2019 level Q3 revenue up + 1.1 % compared with Q3 2020 ( -1.5 % organic ) : continued solid trends in France and Germany , rebound in Oil & Gas and Nuclear , offset by decrease in UK commercial installation and phasing in Dutch telecom services EBITA margin above 2019 level - - 9m 2021 EBITA at € 269.9 million , up + 42.3 % vs. 9m 2020 and 2.2 % higher than in 9m 2019 9m 2021 EBITA margin up 140 bps compared to 9m 2020 and 10 bps higher than in 9m 2019 Q3 EBITA margin up +30 bps vs. 2019 , thanks to continued improvement in North - Western Europe Strong delivery on bolt - on M & A , focused on Germany & Central Europe and ICT services - 7 acquisitions since the beginning of the year , totalling € 252 million annual revenue Full - year margin outlook improved further - Revenue at or above 2019 level EBITA margin above 2019 level , at 6.1 % Bolt - on acquisitions : total full - year revenue to be acquired in 2021 in excess of € 250 million - Strong reduction in leverage ratio¹ , expected at around 2.0x at year - end In millions of euros ( unaudited ) Revenue Organic growth EBITA EBITA margin 1 2 9m 2021 5,031.4 9m 2020 4,737.2 2021/2020 Change 6.2 % 9m 2019R2 5,012.5 + 5.6 % -6.4 % + 2.7 % 269.9 189.7 42.3 % 264.0 5.4 % 4.0 % 140 bps 5.3 % Ratio of net debt at end December to pro forma EBITDA for the full year , excluding the impact of IFRS 16 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 ) 1