Slides
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Quarterly information as of September 30th, 2026 SPIE, sharing a vision for the future October 30th, 2026
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2 Disclaimer Certain information included in this presentation are not historical facts but are forward-looking statements. These forward-looking statements are based on current beliefs, expectations and assumptions, including, without limitation, assumptions regarding present and future business strategies and the environment in which SPIE operates, and involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements, or industry results or other events, to be materially different from those expressed or implied by these forward-looking statements. Forward-looking statements speak only as of the date of this presentation and SPIE expressly disclaims any obligation or undertaking to release any update or revisions to any forward-looking statements included in this presentation to reflect any change in expectations or any change in events, conditions or circumstances on which these forward-looking statements are based. Such forward-looking statements are for illustrative purposes only. Forward-looking information and statements are not guarantees of future performances and are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of SPIE. Actual results could differ materially from those expressed in, or implied or projected by, forward-looking information and statements. These risks and uncertainties include those discussed or identified under Chapter 2 “Risk factors and internal control” in SPIE’s 2025 Universal Registration Document, filed with the French Financial Markets Authority (AMF) on April 2nd, 2026, under number D.26-0216 which is available on the website of SPIE (www.spie.com) and of the AMF (www.amf-france.org). This presentation includes only summary information and does not purport to be comprehensive. No reliance should be placed on the accuracy or completeness of the information or opinions contained in this presentation. This presentation does not contain or constitute an offer of securities for sale or an invitation or inducement to invest in securities in France, the United States or any other jurisdiction.
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3 Germany: modernisation of the Uniper Staudinger power station in Großkrotzenburg • SPIE is modernising the electrical and control systems at Block 4 of Uniper’s Staudinger power station • The upgrading of the gas-fired power station is due for completion by 2028 and will provide the technical basis for continued safe, reliable operation. It will therefore remain in operation until at least 2031 • The German Federal Network Agency classifies the power station as being systemically critical to the overall stability of the grid and security of supply
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4 France: climate and electrical engineering for a data centre transformation project in Toulouse • Development of a new eco-efficient data centre in Toulouse (2 MW capacity, ~920 sq.m. IT space, completion 2027) • Targeting high energy performance (PUE < 1.33 at 80% load), reducing electricity consumption and environmental impact • Implementation of resilient infrastructure with dual power supply, backup cooling systems and Tier 3 availability standard
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5 Netherlands: contract awarded by the Municipality of Zwolle for the maintenance of 14 movable bridges • Electrical and mechanical maintenance under SPIE’s integrated technical approach on 14 movable bridges • Preventive and corrective maintenance to improve reliability and extend asset lifetime • Agreement taking effect in July 2026 for 2.5 years, with options for 3 one-year extensions
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6 Central Europe: leading a consortium to deliver the first section of a 400 kV transmission line in Poland • SPIE-led consortium delivering 49.6-km first section of strategic 400 kV transmission line in Poland • Supporting integration of up to 17.9 GW Baltic Sea offshore wind generation capacity nationwide • SPIE-led installation starting in H2 2026, with completion targeted for 2029
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Q3|9m 2026 Trading update
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8 Bolt-on M&A contribution €362 million revenue +4.8% Very strong performance over the first 9 months Accelerating organic growth and M&A contribution Full-year 2026 guidance confirmed Revenue growth +7.0% Organic growth +2.3%
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9 +13.7% revenue increase vs. Q3 2025 +4.7% organic growth vs. Q3 2025 7 Acquisitions announced YTD M&A activity+7.0% revenue increase vs. 9m 2025 +2.3% organic growth vs. 9m 2025 Revenue €8,043m c. €800m Annual revenue acquired Financial highlights Q3 and 9m 2026
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10 9m 2026 Very strong 9m 2026 revenue growth supported by exceptional Q3 Germany France North-Western Europe Central Europe Group +10.4% +6.3% +15.1% +8.7% Revenue growth at constant FX +7.0% Organic growth Growth from acquisitions (net of disposals) Global Services Energy +1.6% 9m 2026 Group revenue growth excluding FX Internal transfer of the former Robur non-German operations in Q1 2026 2.3% -6.7% 1.9% 5.3% -0.4% 4.4% 4.7% 8.0% 12.0% 1.0% 2.0% 7.7% 7.5% 1.2% -1.6% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0%
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11 +3.9 Germany High activity level driven by strong structural demand HIGHLIGHTS 9m 2026 revenue change Revenue (€m) +10.4% +4.4% +7.7% n.a. Quarterly information as of September 30th, 2026 36% of 9m 2026 revenue High activity levels in Q3 (+5.2% organic growth) and +4.4% over 9m 2026 ▪ High Voltage & City Networks: successful recovery from the weather-related shortfall at the beginning of the year. Strong momentum in electrical distribution and record backlog in High Voltage activities ▪ Technical FM: excellent contract retention, new contract wins and growing demand for energy efficiency and decarbonisation solutions ▪ Building Solutions: supported by data centres and increasing demand in defence and tunnel infrastructure ▪ ICS: cybersecurity and audiovisual offering strenghtened through recent acquisitions ▪ Industry Services: solid growth despite more challenging environment in selected end- markets, supported by automation, industrial transformation and energy-related activities. +7.7% contribution from acquisitions, including 4 months of ROFA and the 2025 acquisitions Organic Acquisitions FXInternal transfer -1.6% 2,600.0 2,871.6 2,000.0 2,100.0 2,200.0 2,300.0 2,400.0 2,500.0 2,600.0 2,700.0 2,800.0 2,900.0 3,000.0 9m 2025 9m 2026
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12 France Resilient level of activity following a trough in Q2 HIGHLIGHTS Revenue (€m) Quarterly information as of September 30th, 2026 9m 2026 revenue change Organic Acquisitions FX +1.6% -0.4% +2.0% n.a. 31% of 9m 2026 revenue 2,426.5 2,464.9 2,000.0 2,100.0 2,200.0 2,300.0 2,400.0 2,500.0 2,600.0 2,700.0 2,800.0 2,900.0 3,000.0 9m 2025 9m 2026 9m 2026 organic growth -0.4%, with Q3 at +0.3% evidencing resilient level of activity ▪ Technical FM: key growth engine, benefiting from recurring revenues and the ramp-up of several nationwide multi-year contracts ▪ Industry: robust growth, supported by energy transition (solar PV, battery energy storage projects) and diversified end-markets exposure (incl. agri-food and aerospace) ▪ ICS: solid growth, driven by managed services, cybersecurity and data centres ▪ Nuclear Services: strong performance, supported by the long-term maintenance cycle across the existing nuclear fleet ▪ City Networks: growth constrained as fibre roll-out programmes gradually come to an end, and activity shifts towards recurring maintenance services ▪ Building Solutions: revenue contraction following disciplined project selection in challenging market conditions. Encouraging order intake, notably in data centres, healthcare and defence +2.0% revenue contribution from the Artemys acquisition
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13 North-Western Europe Sharp acceleration in organic growth and outstanding Q3 performance HIGHLIGHTS Quarterly information as of September 30th, 2026 Revenue (€m) 20% of 9m 2026 revenue 1,537.5 1,635.0 0.0 200.0 400.0 600.0 800.0 1,000.0 1,200.0 1,400.0 1,600.0 1,800.0 2,000.0 9m 2025 9m 2026 Sharp acceleration in Q3 organic growth (+12.5%) and +5.3% over 9m 2026 ▪ The Netherlands: • High Voltage: strong acceleration from substations and transmission line projects entering intensive execution phases in Q3 • Building Solutions: strong growth, as several projects moved into production • ICS: sustained momentum in data centres, fire protection and cybersecurity • Industry Services: resilient, with strength in electrification, high-tech manufacturing, water and ports helping to diversify beyond weaker petrochemical market ▪ Belgium: • Very strong performance driven by High Voltage and BESS, despite a demanding comparison base • Building Solutions and Technical FM: strong local market positions and longstanding customer relationships +1.3% contribution from the 2025 acquisitions of Rovitech and Voets & Donkers 9m 2026 revenue change +6.3% +5.3% +1.3% n.a.-0.3% Organic Acquisitions FXDisposal
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14 Central Europe Strong performance despite demanding comparison base in Q3 HIGHLIGHTS Quarterly information as of September 30th, 2026 Revenue (€m) 9% of 9m 2026 revenue 9m 2026 revenue change +15.8% +1.9% +12.0% +0.7%+1.2% Very strong +5.8% organic growth in Q3 on a very demanding comparison base (+9.9% in Q3 2025) and +1.9% over 9m2026 • Poland and Slovakia: High Voltage driven by grid expansion and energy transition investments • Austria: sustained growth in tunnel infrastructure and battery energy storage projects • Strong underlying regional demand, further supported by progressive catch-up initiated in Q2, following weather-related disruptions in early 2026 • Growing order book providing strong visibility +12.0% contribution from M&A activity, notably BLOCK Group in the Czech Republic 606.6 702.4 0.0 100.0 200.0 300.0 400.0 500.0 600.0 700.0 800.0 900.0 1,000.0 9m 2025 9m 2026 Organic Acquisitions FXInternal transfer
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15 Global Services Energy Challenging market conditions for Oil & Gas activities HIGHLIGHTS Quarterly information as of September 30th, 2026 Revenue (€m) 348.2 369.6 0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0 450.0 500.0 9m 2025 9m 2026 5% of 9m 2026 revenue 9m 2026 revenue change +6.1% -6.7% +8.0% -2.6%+7.5% Organic growth of -6.7% over 9m 2026 (-6.8% in Q3) • Oil & Gas maintenance : • Sub-Saharan Africa: more challenging market conditions, with increased local competition reinforcing disciplined and selective commercial approach. • Middle East: disruptions related to the conflict with Iran; situation closely monitored • Renewable power generation: successful integration of Worley Power Services strengthening positioning in wind, BESS and solar PV +8.0% contribution from the integration of Worley Power Services acquired end of May 2026 -2.6% FX impact, mainly reflecting the weakening of the US dollar against the euro over 9m 2026 Organic Acquisitions FXInternal transfer
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16 SHARE FOR YOU 2026 A great success of SPIE’s employee shareholding plan > 27,000 Employees participating from 18 countries +10% vs. 2025 > 6,000 Employees participating for the 1st time Employee shareholding estimated at c.9.2% of SPIE’s capital (post SFY 2026) 91.8% 9.2% 8.8% Employees 0.4% Management SPIE Public Estimated shareholder structure post SFY 2026 Note: Final results of the SHARE FOR YOU 2026 plan will be communicated in December 2026 upon completion of the related capital inc rease
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Jérôme Vanhove Group CFO Q3|9m 2026 Highlights
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18 9m 2025 Organic growth Acquisitions Disposals Internal transfer¹ FX 9m 2026 0.0 200.0 400.0 600.0 800.0 1000.0 1200.0 1400.0 +7.0% revenue growth €m +7.0% revenue growth at constant FX +2.3% +4.8% -0.1% +7.0% -0.1%-0.5% +0.5% 7,519 8,043 Note: 1. Internal transfer in January 2026 of the former Robur non -German operations, previously recognized in SPIE Germany: internati onal wind activities transferred to Global Services Energy, and other locally -based activities transferred to Central Europe in their respective geographies
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19 Accelerating M&A contribution Rich pipeline of opportunities Note: 1. FY 2024 annual revenue 2. FY 2025 annual revenue Active and well-diversified pipeline across highly fragmented markets Integration of all acquisitions progressing well and in line with plan Cleanroom design, engineering, procurement & construction solutions Closed on June 8th, 2026 c. €50m2 c. €800m Cumulative full-year revenue acquired 7 Acquisitions announced in 2026 Specialised engineering services Closed on June 30th, 2026 c. €5m2 Building security systems & smart technical solutions Closed on February 11th, 2026 c. €7m1 Specialised in infrastructure and industrial automation systems Signed on October 28th, 2026 c. €100m2 Specialised industrial services, automation and conveyor systems Closed on June 3rd, 2026 c. €430m2 Specialised industrial services Closed on 3rd September 2026 c. €180m2 High-power electrical installations and industrial maintenance Closed on September 30th, 2026 c. €22m2
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20 Notes: 1. Half of the Term Loan is subject to an interest rate swap 2. Including €300 million covered by an interest rate swap 3. €1,000m until 17/10/2027 and €940m until 17/10/2029 Successful refinancing Enhanced financial flexibility Debt profile & maturities (in m€) as of October 2026 - excluding securitization program Based on the Group’s ESG Framework 100%5 of SPIE's debt is “sustainability-linked” 4. Bank fees and commissions 5. Including securitization program €400m ORNANE’s repurchase & early redemption €500m new bond issuance Successful refinancing of the ORNANEs due January 2028 BB+ Credit ratings BBB- Credit ratings Successful €500m sustainability-linked bond issuance despite challenging debt capital market • €400m of outstanding ORNANEs repurchase in cash • c. 3.5 million new shares, with a limited 2.0% dilution Liquidity > €1.5 billion 600 1,000 600 600 500 0 100 200 300 400 500 600 700 800 900 1,000 2027 (October) 2029 (October) 2030 (May) 2031 (May) 2032 (March) Term Loan1 Euribor +1.2%2 Bond Fixed rate 3.75% Bond Fixed rate 3.875% NEW (September 2026) Fixed rate 4.875% Bond RCF Euribor +0.8%4 (max. available)
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2026 Outlook
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22 2026 outlook confirmed 2026 outlook Strong total growth, driven by further organic growth and active bolt-on M&A Continued expansion of EBITA margin Proposed dividend at c.40% of Adjusted net income1 attributable to the Group Note: 1. Adjusted for i) operating income items restated from the Group’s EBITA, ii) the change in fair value and amortisation costs of derivative r elated to the ORNANE, and iii) the corresponding normative tax income adjustment
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Q&A
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Appendix
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25 Quarterly organic growth by segment In percentage Q1 2026 Q2 2026 H1 2026 Q3 2026 9m2026 Germany +0.0% +7.3% +3.9% +5.2% +4.4% France +0.6% -1.9% -0.7% +0.3% -0.4% North-Western Europe -0.9% +4.7% +1.9% +12.5% +5.3% Central Europe -8.2% +7.3% +0.0% +5.8% +1.9% Global Services Energy -4.1% -9.3% -6.7% -6.8% -6.7% Group revenue -0.9% +3.1% +1.2% +4.7% +2.3%
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26 Q3 2026 revenue growth by segment In millions of euros Q3 2026 Q3 2025 Change organic growth external growth disposals Internal transfer (1) foreign exchange Germany 1,115.9 922.0 +21.0% +5.2% +17.6% - -1.8% - France 810.4 791.1 +2.4% +0.3% +2.2% -0.1% - - North-Western Europe 561.6 498.4 +12.7% +12.5% +0.5% -0.3% - - Central Europe 258.7 220.8 +17.2% +5.8% +10.4% - +1.1% -0.1% Global Services Energy 140.2 107.7 +30.2% -6.8% +25.8% - +8.1% +3.1% Group revenue 2,886.8 2,539.9 +13.7% +4.7% +9.0% -0.1% 0.0% +0.1% (1) Internal transfer in January 2026 of the former Robur non -German operations, previously recognized in SPIE Germany. Internat ional wind activities transferred to Global Services Energy, and other locally -based activities transferred to their respective geographies.
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27 9m 2026 revenue growth by segment In millions of euros 9m 2026 9m 2025 Change organic growth external growth disposals Internal transfer (1) foreign exchange Germany 2,871.6 2,600.0 +10.4% +4.4% +7.7% - -1.6% - France 2,464.9 2,426.5 +1.6% -0.4% +2.0% -0.0% - - North-Western Europe 1,635.0 1,537.5 +6.3% +5.3% +1.3% -0.3% - - Central Europe 702.4 606.6 +15.8% +1.9% +12.0% - +1.2% +0.7% Global Services Energy 369.6 348.2 +6.1% -6.7% +8.0% - +7.5% -2.6% Group revenue 8,043.4 7,518.7 +7.0% +2.3% +4.8% -0.1% 0.0% -0.1% (1) Internal transfer in January 2026 of the former Robur non -German operations, previously recognized in SPIE Germany. Internat ional wind activities transferred to Global Services Energy, and other locally -based activities transferred to their respective geographies.
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28 Income statement bridges €m 9m 2026 9m 2025 Revenue as per management accounts 8,043.4 7,518.7 Holdings activities 20.5 17.7 Others 0.6 0.6 Revenue under IFRS 8,064.5 7,537.0 Revenue to Revenue under IFRS
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29 SPIE 2025 Investor Day Replay available here Financial schedule 2026 Full-Year Results March 4th, 2027 Quarterly information as at March 31st, 2027 April 23rd, 2027 Annual General Meeting April 30th, 2027 2027 Half-Year Results July 29th, 2027 Quarterly information as at September 30th, 2027 October 29th, 2027 Investor Relations investors@spie.com SPIE IR application Available for iPad, iPhone and Android devices IR IR contact details SPIE 2022 Investor Day Focus on MT perspectives Replay available here