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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 Fiscal 2025 Results October 23, 2025 Fiscal 2025 Results - October 23, 2025
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 2Fiscal 2025 Results - October 23, 2025 Key messages Introduction • Pivot to a pure-play: Pluxee spin-off, streamlined portfolio, optimized structure • Strengthened commercial engine: foundation build-up for sustainable performance • Fiscal 2025 results in line with revised guidance • Addressing near-term challenges: remedial action plans underway for Fiscal 2026 • Next phase of development beginning under Thierry Delaporte: focus on rigorous execution and commercial acceleration in clear growth markets
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 Fiscal 2025 Results - October 23, 2025 01 From Fiscal 2022 to Fiscal 2025 3
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 4Fiscal 2025 Results - October 23, 2025 Pivot to a pure-play food and services company 01 From Fiscal 2022 to Fiscal 2025 Portfolio management Food accelerationSimplification 20232022 2024 2025 2026 Geographic reorganization Homecare disposal Pluxee spin-off Simplified shareholder structure 43 countries (vs. 46 in FY22) Inreach expansion in the U.S. Entegra expansion in Europe China expansion Grupo Mediterránea acquisition agreement in Spain Portfolio evolution continuing
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 Fiscal 2025 Results - October 23, 2025 Refocus on core food and services 01 From Fiscal 2022 to Fiscal 2025 Refocus on Food Value creation Food revenues at 66% (vs. 62% in Fiscal 2022) Branded offers now covering >50% of food revenues (vs. <20% in Fiscal 2022) Catalogue compliance 78% (vs. <70% in Fiscal 22) Entegra revenues >2x (FY21-FY25) Transform operating model LTIR at 0.45 (-31% from 0.65 in Fiscal 2022) 47.6% food waste reduction (vs. 42% in Fiscal 2022) Strengthen positive impact Underlying EPS CAGR +14% (FY22-FY25) ROCE: 9.9% → 13.5% (FY22-FY25) 5
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 6 Solid commercial progress despite FY25 challenges 01 From Fiscal 2022 to Fiscal 2025 Fiscal 2025 Results - October 23, 2025 Retention and development are based on annualized revenue of contracts gained or lost during the period, irrespective of contract dates 93.5% 94.5% FY17-19 average FY23-25 average Retention Sustained improvement over the cycle 94.0% 94.5% Excluding loss of Global account €1.4bn €1.7bn FY17-19 average FY23-25 average Development Retention Development €1.7bn vs FY24 at €1.9bn Strong start, softer H2, mitigated by cross-selling FY25 performance varied across regions FY26 priorities (already underway) • U.S. Higher Education: address near-term priorities to rebuild momentum • North America sales team expansion & training • Refocus resources on high-potential opportunities, standardize sales processes • Global accounts: Refocus on value creation through food and complementary services Focus on commercial acceleration Next steps Incl. cross-sell Healthcare Excl. loss of Global account >97% >96% >95% Incl. cross-sell
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 Targeted priorities to reignite growth in US higher education Remedial actions Status Update Growth lever Team reorganization Addressing talent scarcity New leadership since Feb 2025 & team reorganization Resetting the foundation for growth New performance management Infusing best practices along standardization Commercial momentum Sales team expansion Expanded sales team by ~50% New development Accelerate Sodexo Live! Partnerships Targeting L/XL universities and Athletics (45% of pipeline) Portfolio rebalance Rebuilding client relationship Account Management team to double in size Retention Execution Dedicated team focused on meal plans On-going renegotiation of 75 plans, for implementation in Fall 2026 Volume expansionEnhance digital platforms Deployed Everyday in 150 sites and Grubhub in >50 sites; continued focus to scale across our portfolio Streamline retail portfolio Stronger mix of proprietary brands (3 new) alongside selected external offers Implemented Ongoing End of FY25 July – Aug contract rebid End of FY26 Start of FY27 Campus meal plan implementation fall season Positioned for phased growth and new market opportunities in FY27 01 From Fiscal 2022 to Fiscal 2025 Fiscal 2025 Results - October 23, 2025 7
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 Fiscal 2025 Results - October 23, 2025 02 Looking ahead 8
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 9Fiscal 2025 Results - October 23, 2025 Resilient and well positioned to drive sustainable growth 02 Looking ahead Leveraging strong fundamentals in an attractive market • Strong financial foundations with solid balance sheet • #2 worldwide player with balanced portfolio across regions and segments • Global scale enabling leverage across procurement, technology, and operations • Recognized purpose-driven culture – engaged teams, strong client relationships, resilient retention • Substantial market potential – 50% of market still in-sourced, attractive growth opportunities • Family-controlled ownership supporting long-term vision Leadership renewal Right fit to support Sodexo’s next stage of development Thierry Delaporte Chief Executive Officer (effective November 10, 2025) • 10+ years in the US with senior CEO and CFO roles at Capgemini and Wipro • Engaging leader - and able to inspire and mobilize teams • Deep B2B services experience in international, people-intensive businesses • Operational and execution focus - Experience in large scale operating model transformation at both Capgemini and Wipro • Strong digital and AI expertise • Embodies Sodexo’s values Fiscal 2026 – A transition year • Addressing Fiscal 2025 commercial challenges • Accelerating our investments in foundations for long-term efficiency and profitable growth
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 Fiscal 2025 Results - October 23, 2025 03 Fiscal 2025 Financial Performance 10
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 11Fiscal 2025 Results - October 23, 2025 Fiscal 2025 in line with revised guidance, with solid cash flow and resilient underlying EPS 03 Fiscal 2025 financial performance Organic Growth +3.3% +3.7% underlying OG1 UOP margin 4.7% +10bps YoY At constant currencies Underlying EPS €5.37 €2.70 dividend per share Free cash flow €459m 91% underlying Cash conversion (1) Excluding Rugby World Cup in 2023, Paris Olympics and leap year in 2024
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 12Fiscal 2025 Results - October 23, 2025 Fiscal 2025 Organic revenue growth at +3.3% Please refer to Appendix 8 for Alternative Performance Measures definitions 03 Fiscal 2025 financial performance (1) Excluding the Rugby World Cup in 2023 and Paris Olympics in 2024 46% of FY25 revenues Work Play Heal Learn North America Europe Rest of the World 36% of FY25 revenues 18% of FY25 revenues+2.8% +1.7% +7.5% Underlying1 +2.7% +4.2% +11.2% +1.8% -1.1% +1.2% -6.2% +6.7% +1.3% Underlying1 +5.1% +6.5% +20.4% +16.2% +10.4% 27% of North America 14% of North America 31% of North America 28% of North America 55% of Europe 8% of Europe 23% of Europe 14% of Europe 86% of Rest of the World 2% of Rest of the World 8% of Rest of the World 4% of Rest of the World
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 13Fiscal 2025 Results - October 23, 2025 UOP margin up +10 bps at constant currencies Please refer to Appendix 8 for Alternative Performance Measures definitions 03 Fiscal 2025 financial performance UOP UOP Margin UOP Margin change1 North America 645 5.8% - Europe 367 4.3% +20 bps Rest of the World 211 4.9% +20 bps Group 1,139 4.7% +10 bps (1) At constant currencies
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 14 Resilient underlying EPS In million € FY 2025 FY 2024 Change Change3 Revenues 24,074 23,798 +1.2% +2.9% Organic sales growth +3.3% +7.9% Underlying Operating profit 1,139 1,109 +2.7% +5.0% Underlying Operating margin 4.7% 4.7% - +10 bps Other Operating income and expenses (154) (58) Operating Profit 985 1,051 (6.3%) (4.8%) Net financial expense (88) (63) Tax charge(1) (198) (249) Effective tax rate 22.2% 25.4% Net profit (group share)(2) 695 738 (5.8%) (4.1%) Basic EPS (€) 4.76 5.04 Underlying Net profit (group share) 785 775 +1.3% +3.7% Basic Underlying EPS (€) 5.37 5.29 (1) ETR based on Pre-tax profit excluding share of profit from Equity method of 892 million euros in Fiscal 2025 and 983 millions euros in Fiscal 2024. (2) Profit attributable to non-controlling interests were 11 million euros in Fiscal 2025 and 9 million euros in Fiscal 2024. (3) At constant currencies. Other Operating income and expenses: -€154m • Includes -€97m restructuring (efficiency & transformation initiatives) • Last year included Homecare disposal gain Effective tax rate: 22.2% • Impacted by update of risk related to Sodexo S.A. tax audit (finalized in 2025) • Use of previously unrecognized tax assets Net financial expense: -€88m • Lower one-off gains than in the previous year 03 Fiscal 2025 financial performance Fiscal 2025 Results - October 23, 2025
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 15Fiscal 2025 Results - October 23, 2025 Solid free cash flow 03 Fiscal 2025 financial performance In million € FY 2025 FY 2024 Operating cash flow(1) 1,200 1,338 Change in working capital (69) (43) IFRS 16 Leases outflow (188) (165) Net Capex (484) (469) Free cash flow 459 661 Net acquisitions (93) 986 Share buy-backs/Treasury stock (83) (51) Dividends paid to parent company shareholders (388) (1,373) Other changes 18 95 (Increase)/decrease in net debt (87) 318 Free Cash Flow: €459m • Includes exceptional tax outflow (France tax audit) • Working capital was well contained • Capex at 2% of revenue • Underlying Cash conversion of 91% Net acquisitions outflow: €93m • CRH Catering, Agap’Pro; partly offset by Denali disposal • Last year included Sofinsod and Homecare disposals Dividend: €388m • FY24 dividend reflects Sofinsod special dividend + ordinary dividend pre-Pluxee spin-off (1) The difference between the Operating Cash Flow as presented in the consolidated cash flow statement comes from the payment of client investments during the period which are presented in this table within Net Capex (within Operating Cash flow in the cash flow statement).
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 16Fiscal 2025 Results - October 23, 2025 Net debt-to-EBITDA at 1.8x, within our 1–2x target range, supporting financial flexibility 03 Fiscal 2025 financial performance In million € FY 2025 FY 2024 Gross borrowings 4,777 4,734 Net debt 2,687 2,600 Gearing ratio 71% 68% Net debt ratio (Net debt/ EBITDA) 1.8x 1.7x Net debt within target range • Repaid: €700m bond (Apr 2025, 0.75% coupon) • Issued: USD 1.1bn bonds (Aug 2030 & 2035, 5.15% / 5.80% coupons) • Repurchased: USD 172m of 2026 bonds (34.5% of tranche) Proactive debt management
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 Fiscal 2025 Results - October 23, 2025 04 Outlook 17
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 18Fiscal 2025 Results - October 23, 2025 Accelerating our investments in foundations for long-term efficiency and profitable growth 04 Outlook • Stronger organic growth • Margin and efficiency improvements Digital & IT foundations Global Business Services Supply chain management Sales & Marketing
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 For Fiscal 2026, we expect: • Organic revenue growth to be between +1.5% and +2.5%, reflecting a minimum +2% contribution from pricing, neutral to moderate contribution from both like-for-like volume and net new business, and a one-off reclassification triggered by the renewal of a large contract; • Underlying Operating margin to be slightly lower than FY25, reflecting the mix and phasing of our growth drivers and targeted investments to enhance the Company’s platform for profitable growth. Fiscal 2025 Results - October 23, 2025 19 Fiscal 2026 guidance reflects current operational priorities and visibility 04 Outlook
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 20Fiscal 2025 Results - October 23, 2025 20 Committed to optimizing returns • Unchanged dividend pay-out ratio at 50% of underlying net income Liquidity oversight • Maintain the leverage ratio between 1x and 2x • Committed to maintaining strong investment grade credit ratings Capital allocation to support near-term execution 04 Outlook Targeted accretive M&A • Focus on mid-size and bolt-on deals • €300m average per year • GPO and complementary food services business are key focus • Targeting ROCE above 15% Organic growth in focus • Opex investments focused on supply chain tech, sales & marketing • Capex spend at 2.5% of revenue
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 Safety moment Fiscal 2025 Results - October 23, 2025 05 Q&A 21
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 Fiscal 2025 Results - October 23, 2025 06 Appendices 22
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 23Fiscal 2025 Results - October 23, 2025 Modelling details for FY2026 Other income and expenses ~ €-160m Net financial expenses ~ €140m Tax rate c.27% Scope change effect on Fiscal 2026 revenues ~+0.5% (At constant exchange rates) 06 Appendix 1
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 24Fiscal 2025 Results - October 23, 2025 Fiscal 2025 Revenue breakdown REVENUES BY REGION (in million euros) FY 2025 FY 2024 Organic Growth External Growth Currency Effect Total Growth North America 11,180 11,111 +2.8% -0.3% -1.8% +0.6% Europe 8,593 8,448 +1.7%(1) -0.4% +0.4% +1.7% Rest of the World 4,301 4,239 +7.5% -0.2% -5.9% +1.5% GROUP 24,074 23,798 +3.3%(2) -0.3% -1.8% +1.2% 06 Appendix 2 (1) FY Organic growth for Europe is +2.7% excluding the base effect of the Olympics and the Rugby World Cup in Fiscal 2024 (2) FY Organic growth for Group is +3.7% excluding the base effect of the Olympics, Rugby World Cup and leap year in Fiscal 2024
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 25Fiscal 2025 Results - October 23, 2025 Q4 Fiscal 2025 Revenue breakdown REVENUES BY REGION (in million euros) Q4 2025 Q4 2024 Organic Growth External Growth Currency Effect Total Growth North America 2,330 2,451 +3.0% -0.2% -7.7% -4.9% Europe 2,082 2,098 -0.5%(1) +0.1% -0.4% -0.8% Rest of the World 1,066 1,074 +9.3% -2.3% -7.7% -0.8% GROUP 5,478 5,623 +2.9%(2) -0.5% -5.0% -2.6% 06 Appendix 3 (1) Q4 Organic growth for Europe is +2.8% excluding the base effect of the Olympics in Fiscal 2024 (2) Q4 Organic growth for Group is +4.1% excluding the base effect of the Olympics in Fiscal 2024
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 26Fiscal 2025 Results - October 23, 2025 Fiscal 2025 exchange rates 1€ = Average rate FY 25 Average rate FY 24 Average rate FY 25 vs. FY 24 Closing rate at 08/31/2025 Closing rate at 08/31/2024 Closing rate 08/31/25 vs. 08/31/24 U.S. Dollar 1.100 1.082 -1.6% 1.166 1.109 -4.9% Pound Sterling 0.842 0.857 +1.9% 0.867 0.841 -3.0% Brazilian Real 6.295 5.543 -11.9% 6.325 6.216 -1.7% 06 Appendix 4
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 27Fiscal 2025 Results - October 23, 2025 Breakdown of Gross Financial debt: €4,757m(1) Strong Investment Grade S&P “BBB+/A-2” / Moody’s “Baa1”/Fitch “BBB+” By currency $ 40% € 53% £ 7% By interest rate 95% fixed 5% variable By maturity 1,046 1,312 1,583 816 >5 Years 4-5 Years 1-3 Years <1 Year Blended cost of debt 2.7% on August 31, 2025 (in million €) (1) Excluding derivatives Average maturity of 3.7 years at 08/31/2025 06 Appendix 5
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 28Fiscal 2025 Results - October 23, 2025 Number of shares 06 Appendix 6 Company’s share capital AUGUST 31, 2025 FEBRUARY 28, 2025 AUGUST 31, 2024 Company’s share capital, number of shares 147,454,887 147,454,887 147,454,887 Treasury shares 1,522,327 1,104,023 1,064,010 Net number of shares 145,932,560 146,350,864 146,390,877 Number of shares for basic EPS calculation (Basic weighted average number of shares) 146,014,551 145,998,269 146,451,943
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 29Fiscal 2025 Results - October 23, 2025 Growth indicator - Definitions Client Retention Client retention rate is the percentage of prior fiscal year revenue retained in this current fiscal year. It is derived by considering prior fiscal year value for all contracts for which termination has either been given by Sodexo or received by the client, or those that have expired without renewal. This is then expressed as a percentage of total prior fiscal year revenue. The retention rate reported for the First half of the Fiscal year reflects the annualized revenues from contracts lost over the last twelve months. Business development Business development rate is the annualized estimated revenue for new contracts signed during the fiscal year, divided by prior year revenue. The development rate reported for the First half of the Fiscal year reflects the annualized revenue from contracts won over the last twelve months. 06 Appendix 7
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 30Fiscal 2025 Results - October 23, 2025 Alternative Performance Measure - Definitions Organic growth Organic growth corresponds to the increase in revenue for a given period (the "current period") compared to the revenue reported for the same period of the prior fiscal year, calculated using the exchange rate for the prior fiscal year; and excluding the impact of business acquisitions and divestments, as follows: • for businesses acquired (or gain of control) during the current period, revenue generated since the acquisition date is excluded from the organic growth calculation; • for businesses acquired (or gain of control) during the prior fiscal year, revenue generated during the current period up until the first anniversary date of the acquisition is excluded; • for businesses divested (or loss of control) during the prior fiscal year, revenue generated in the comparative period of the prior fiscal year until the divestment date is excluded; • for businesses divested (or loss of control) during the current fiscal year, revenue generated in the period commencing 12 months before the divestment date up to the end of the comparative period of the prior fiscal year is excluded. Underlying operating margin Underlying operating profit margin corresponds to Underlying Operating profit divided by revenues. Underlying operating margin at constant rate Underlying operating profit margin at constant rate corresponds to Underlying Operating profit divided by revenues, calculated by converting FY2025 figures at FY2024 rates, except for countries with hyperinflationary economies. 06 Appendix 8a
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 31Fiscal 2025 Results - October 23, 2025 Alternative Performance Measure - Definitions Blended cost of debt Blended cost of debt is calculated at period end and is the weighted blended of financing rates on borrowings (including derivative financial instruments) and cash pooling balances at period end. Free cash flow Please refer to Cashflow position. Growth excluding currency effect Change excluding currency effect calculated converting FY2025 figures at FY2024 rates, except when significant for countries with hyperinflationary economies. Net debt Net debt is defined as Group borrowing at the balance sheet date, less operating cash. Underlying net profit Underlying net profit is defined as Net profit excluding significant unusual and/or infrequent elements and corresponds to the Net Income Group share excluding Other Income and Expense after tax, as well as significant non-recurring elements in both Net Financial Expense and Income Tax Expense where relevant. Underlying net profit per share Underlying net profit per share presents the Underlying net profit divided by the average number of shares. 06 Appendix 8b
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 32Fiscal 2025 Results - October 23, 2025 New segment reporting following evolution of the On-site Services organization As part of the streamlining of the organization, from Fiscal 2024 some contracts or operations have been reallocated between segments, with main impacts in Europe from Healthcare & Seniors to Education. Restated revenue breakdown for Fiscal 2024: 06 Appendix 9 Published Restated Published Restated Published Restated Published Restated Published Restated North America 11,111 11,111 3,030 3,030 2,726 2,726 2,904 2,904 2,451 2,451 Business & Administrations 3,036 2,904 1,081 703 735 701 780 743 786 757 Sodexo Live! (1) 1,428 1,428 -- 346 330 330 388 388 364 364 Healthcare & Seniors 3,411 3,522 849 875 838 867 869 900 855 880 Education 3,236 3,257 1,100 1,106 823 828 867 873 446 450 Europe 8,448 8,448 2,196 2,196 2,058 2,058 2,096 2,096 2,098 2,098 Business & Administrations 4,681 4,676 1,377 1,184 1,171 1,170 1,179 1,178 1,146 1,144 Sodexo Live! (1) 750 750 -- 192 132 132 137 137 289 289 Healthcare & Seniors 1,885 1,890 490 491 460 461 466 467 469 471 Education 1,132 1,132 329 329 295 295 314 314 194 194 Rest of the World 4,239 4,239 1,061 1,061 1,030 1,030 1,074 1,074 1,074 1,074 Business & Administrations 3,694 3,694 927 917 904 903 932 932 942 942 Sodexo Live! (1) 46 46 -- 10 11 12 12 12 12 12 Healthcare & Seniors 337 337 91 91 79 79 82 82 85 85 Education 162 162 43 43 36 36 48 48 35 35 Sodexo 23,798 23,798 6,287 6,287 5,814 5,814 6,074 6,074 5,623 5,623 (1) Since the first half of 2024, the Group has been reporting Sodexo Live! revenue separately; it was previously included in the Business & Administrations segment. Q3 2024 Q4 2024Revenues (in million euros) Fiscal 2024 Q1 2024 Q2 2024
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 33Fiscal 2025 Results - October 23, 2025 APM - Financial ratios definitions & reconciliation Fiscal 2025 Fiscal 2024 Gearing ratio Gross borrowings (a) – operating cash (b) 70.7% 68.5% Shareholders’ equity and non-controlling interests Net debt ratio Gross borrowings (a) – operating cash (b) 1.8x 1.7x Rolling 12-month (Underlying) EBITDA (c) (a) Borrowings Non-current borrowings 3,962 4,011 + Current borrowings excluding overdrafts 819 725 - Derivative financial instruments recognized as assets (4) (2) Borrowings1 4,777 4,734 (b) Operating cash Cash and cash equivalents 2,091 2,137 - Bank overdrafts (1) (3) Operating Cash 2,090 2,134 (c) Rolling 12-month (Underlying) EBITDA2 Underlying operating profit (RTM) 1,139 1,109 + Impairment, depreciation and amortization (RTM) 454 434 + Client investments amortization (RTM) 131 135 - Lease payments (RTM) (214) (189) Rolling 12-month (Underlying) EBITDA3 1,510 1,489 33 2 For the sake of simplification, the term EBITDA is used in reference to Underlying EBITDA 06 Appendix 10 1 The Group does not believe the accounting treatment introduced by IFRS 16 modifies the operating nature of its lease transactions. Accordingly, to ensure the Group’s performance measures continue to best reflect its operating performance, the Group considers repayments of lease liabilities as operating items impacting the Free cash flow, which integrates all lease payments (fixed or variable). Consistently, the lease liabilities are not included in Net debt.
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 34Fiscal 2025 Results - October 23, 2025 06 Appendix 11 Investor calendar To schedule a meeting with Sodexo, please contact investor.relations@sodexo.com November 20 BofA EMEA Consumer Conference, Paris (IR only) December 3 Bernstein Annual Pan European Conference, Paris, CFO December 4 Morgan Stanley BLT conference, London (IR only) December 9 CIC Forum by Market Solutions, Paris, (IR only) December 16 Sodexo Shareholders’ Meeting January 8, 2026 Sodexo Q1 2026 revenues IR contacts Juliette Klein — Head of IR juliette.klein@sodexo.com Alina Cazacu — ESG IR Lead alina.cazacu@sodexo.com Paul Deschamps — IR Manager paul.deschamps@sodexo.com Florence Juglas — IR Coordinator florence.juglas@sodexo.com
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MAIN COLORS SECONDARY COLORS LIGHTER SHADES 1 LIGHTER SHADES 2 35Fiscal 2025 Results - October 23, 2025 Sodexo key figures As of August 31, 2025 €24.1bn revenues 426,000 employees 80 million consumers served daily 43 countries €8.3bn market capitalization (as of October 22, 2025) ▬ Founded in 1966 by Pierre Bellon ▬ As at Aug. 31, 2025, Bellon SA holds 43.8% of capital (58.8% of voting rights) ▬ Our purpose is to create a better everyday for everyone to build a better life for all Top-rated in its industry sector 06 Appendix 12 The Sustainability Yearbook