H1 2018 Results July 26 th , 2018 Disclaimer This presentation - PowerPoint PPT Presentation

H1 2018 Results July 26 th , 2018

Disclaimer This presentation contains estimates and/or forward-looking statements and information. These statements include financial projections, synergies, estimates and their underlying assumptions, statements regarding plans, expectations and objectives with respect to future operations, products and services, and statements regarding future performance. Such statements do not constitute forecasts regarding SUEZ’s results or any other performance indicator, but rather trends or targets, as the case may be. No guarantee can be given as to the achievement of such forward-looking statements and information. Investors and holders of SUEZ securities are cautioned that forward-looking information and statements are subject to various risks and uncertainties, which are difficult to predict and generally beyond the control of SUEZ, and that such risks and uncertainties may entail results and developments that differ materially from those stated or implied in forward-looking information and statements. These risks and uncertainties include, but are not limited to, those discussed or identified in the public documents filed with the Autorité des marchés financiers (AMF). Investors and holders of SUEZ securities should consider that the occurrence of some or all of these risks may have a material adverse effect on SUEZ. SUEZ is under no obligation and does not undertake to provide updates of these forward-looking statements and information to reflect events that occur or circumstances that arise after the date of this document. More comprehensive information about SUEZ may be obtained on its website (www.suez.com). This document does not constitute an offer to sell, or a solicitation of an offer to buy SUEZ securities in any jurisdiction. 2018 H1 Results 2 I July 26th, 2018

H1 2018 Highlights Jean-Louis Chaussade Chief Executive Officer 3 I

A strong first half-year, doubling net income  Accelerated revenue growth: +15.0% at constant FX  Robust commercial momentum  Strong performance: EBIT at constant FX up 12.0% (1) , supported by International division and Water Technologies & Solutions (WT&S)  WT&S integration boding well: − Orders up +18% vs. last year − Good operational dynamic with revenue up 6.1% vs. last year − Value capture programme ahead of schedule  A new minority shareholder in US regulated water activities to accelerate their development  Focusing on the execution of the action plan launched in March (1) Pre- GE Water Purchase Price Allocation (GEW PPA) charge in 2018 (€(22)m impact on EBIT) and excluding the impact of the change in US tax law on regulated water 2018 H1 Results activities which is neutral to net income group share (€(9)m impact on EBIT) 4 I July 26th, 2018

A strong first half-year, doubling net income Variation H1 2017 H1 2018 In €m gross (2) organic excl. FX restated (1) Revenue 7,493 8,351 +11.4% +15.0% +3.0% EBITDA 1,268 1,323 +8.8% +4.4% +2.6% % Revenue 16.9% 15.8% +6.0% +12.0% EBIT pre GEW PPA 594 630 +7.5% % Revenue 7.9% 7.5% EBIT 594 607 +8.3% +2.3% +7.5% % Revenue 7.9% 7.3% Net income (group share) 44 90 x2.0 gross H1 2017 H1 2018 variation restated (1) Free cash flow 191 238 +24.6% Net investments 334 691 Net debt (as of 31/12/17) 8,473 9,323 Net debt / EBITDA 3.0x 3.5x (1) All H1 2017 numbers in the presentation are restated for comparison purpose further to implementation of IFRS 15 from Jan. 1 st 2018 (see appendix 2 for details of H1 2017 restated vs. published ) 2018 H1 Results 5 I (2) Pre- GE Water Purchase Price Allocation charge in H1 2018 (€(22)m impact on EBIT) and excluding the impact of the change in US ta x law on regulated water July 26th, 2018 activities which is neutral to net income group share (€(9)m impact on EBIT)

Focusing on the execution of the action plan launched in March AMPLIFY TRANSFORMATION FRANCE: FOSTER A NEW MOMENTUM & COST-CUTTING MEASURES - Boosting marketing approach, with a strong - More digital to enhance productivity coordination between waste and water activities and operational efficiency - One single manager for both BUs in each - More rationalization and mutualization in support functions resources & skills Deliver - €90m of cost savings achieved in H1 comforting higher profitability the €200m FY18 target Drive value creation Generate DEPLOY RESOURCES EXTRACT MAXIMUM VALUE stronger growth TO ACCELERATE GROWTH FROM WT&S OUTSIDE EUROPE - Increasing selectivity and prioritizing profitability - Achieved $11m cost and revenue synergies in H1 over growth - $1.2bn of top-line opportunities identified - Seeking scale in safe emerging markets - Identified and secured $28m synergies for 2018 - Reinforcing salesforce and cross selling and $53m for 2019 at EBIT level - Booked +18% orders vs. last year 2018 H1 Results 6 I July 26th, 2018

H1 2018 Financial results Jean-Marc Boursier Group Senior Executive Vice-President Finance and Recycling & Recovery Northern Europe 7 I

Revenue up 15.0% excluding FX Results driven by contribution of GE Water and robust organic growth +3.0% organic 8,351 7,493 +900 (259) (9) +10 +110 +33 +69 +4 R&R (4) Water US Tax (1) Scope (2) WT&S (5) Other (6) FX International Europe Europe +15.0% excl. FX (3) H1 2017 H1 2018 restated Revenue, in €m (1) Lower US tax rate on regulated water activities, passed through to customers, leads to lower revenue and EBIT, but is neutral to net income group share (2) Of which €909m scope effect relating to GE Water acquisition 2018 H1 Results 8 I (3) At constant FX and excluding the impact of the change in US tax law on regulated water activities which is neutral to net income group share July 26th, 2018 (4) Recycling & Recovery (5) Water Technologies & Solutions (6) Mainly SUEZ Consulting

EBIT excluding FX is up 12.0% (1) Growth driven by International division and WT&S 630 +7.5% organic 607 594 (22) GE PPA (4) (26) (9) +27 (3) +5 +16 +34 (8) Water R&R Other (3) FX US Tax Scope (2) International WT&S Europe Europe EBIT EBIT Margin EBIT Margin pre-PPA Margin +12.0% excl. FX (1) 7.9% 7.5% 7.3% H1 2017 H1 2018 H1 2018 restated before PPA EBIT, in €m (1) Pre- GE Water Purchase Price Allocation charge in 2018 (€(22)m impact on EBIT) and excluding the impact of the change in US tax l aw on regulated water activities which is neutral to net income group share (€(9)m impact on EBIT) 2018 H1 Results 9 I (2) Of which €33m scope effect relating to GE Water acquisition July 26th, 2018 (3) Mainly SUEZ Consulting & Corporate Center (4) GE Water Purchase Price Allocation – see appendix 2

Water Europe Strong activity in Chile offsetting poor weather conditions in Europe Volumes: varied trends, driven by Revenue, in €m weather conditions 2,239 2,230 H1 ∆ 18/17 (1) (20) Mm 3 sold (2) +12 2018 (33) +7 +12 +14 France 291 (2.0)% Net C ial. New Scope Spain 310 (0.2)% Volumes (1) Tariffs (2) Activity (3) Works Services Others & FX Chile 312 +4.0% +0.5% organic growth in revenue, on the back of slightly improved tariffs: H1 2017 H1 2018 France: +0.8% on DSP (4) , reflecting low inflation environment  restated Spain: overall stability, including tariff decrease in Barcelona  since May Chile: +2.5%, reflecting FY contribution of 2017 tariff  EBIT, in €m increase Net commercial activity mainly impacted by 260 (9) 248 Valladolid and Valenton contracts termination (4) +1 Scope Valladolid Underlying Profitability affected by €(7)m FX impact & FX & Valenton termination on EBIT from Chilean peso EBIT Margin EBIT Margin 11.6% 11.1% Ongoing efficiency measures to stabilize margin H1 2017 H1 2018 restated (1) At iso contracts (2) Escalation formula (3) Net balance between contracts gained / renewed / lost & amended (4) Delegation of public services 2018 H1 Results 10 I July 26th, 2018

Recycling & Recovery Europe Positive underlying trends Pick up in processed volumes Revenue, in €m H1 ∆ 18/17 Mt 2018 3,118 Elimination 3.9 +8.5% 3,043 (8) +71 +1 Recovery 8.7 +1.0% +47 (35) Energy from Waste 4.6 +3.7% Sorting & Recycling 4.0 (2.0)% Scope Prices Volumes Commodity Construction & FX & mix Prices Processed volumes 12.6 +3.2% Delivering +3.6% revenue organic growth H1 2017 H1 2018 Positive price evolution, notably in France restated and Benelux EBIT, in €m Recyclates: strong decline in Paper prices after Chinese Sword offset by a continuous positive trend for ferrous and non-ferrous metals 141 137 +25 (1) (7) (13) EBIT up 3.6% organic Scope Diesel Commodities Underlying & FX EBIT Margin EBIT Margin 4.5% 4.5% Despite negative commodity impact, performance improvement continues, particularly in Benelux, H1 2017 H1 2018 in the UK and for IWS European hazardous waste restated activity 2018 H1 Results 11 I July 26th, 2018