Séché Environnement Revenue at March 31, 2017 Conference call on April 26, 2017
A buoyant first quarter Active external growth strategy on HW and NHW markets : change of perimeter since January 1, 2017 � Perimeter effect in France: +€3.3m Platform in Energy recovery in � La-Croix-Irtelle (Treatment) Nivillac (Brittany) La-Croix-Irtelle (Brittany) � Energécie (Energy Recovery) � Séché Ouest (Services) � Perimeter effect abroad: +4.2m � Spain (Services): Solarca, a chemical cleaning specialist � Latin America (Treatment): SAN Chile and Befesa Peru, hazardous waste storage Chemical cleaning Growth confirmed: Solarca (Spain) Contributed revenue up +5.7% at constant scope � Momentum of the HW division: +11.0% at constant scope � Good performance by recovery: regeneration, etc. � Momentum of Services: pollution control, nuclear services � Satisfactory level of activity in the NHW division: � Change of -3.5% at constant scope mainly due to incineration businesses (substitution of HW in a strategy of waste mix optimization in Salaise 3) � Resilient treatment businesses and solid service activities Befesa Peru SAN Chile Revenue at March 31, 2017 2
Reported revenue 133.2 Non-contributed revenue: €9.0m 3.1 3.8 � IFRIC 12 revenue: €3.8m 3.7 (1.4) (€0.7m at 3/31/2016) 5.2 7.7 � Compensation: €5.2m (€1.5m at 3/31/2016) 3.7 112.5 Diversion compensation and other compensation Internal growth 3.9 0.7 related to the situation at the Strasbourg- 1.5 Sénerval incinerator Change in contributed 124.2 revenue IFRS data in €m 110.3 Contributed revenue: €124.2m (€110.3m at 3/31/2016) i.e. +12.6% gross +5.7% organic � Scope and foreign exchange effects: +€7.6m � Organic growth in line with forecasts: � Momentum of the HW division confirmed � Non-material downturn in the NHW division (waste mix optimization in incineration) Scope Scope HW NHW Compensation IFRIC 12 effect effect division division 3/31/2016 (Sénerval) revenue 3/31/2017 HW NHW (organic) (organic) (reported) (reported) Revenue at March 31, 2017 3
Good activity level in France and Internationally Contribution of acquisitions IFRS data in €m International: Revenue of €10.1m (€5.6m at 3/31/2016) 124.2 i.e. +79.5% gross 4.3 5.8 110.3 +3.1% organic 3.3 5.6 � Insignificant foreign exchange effect � Scope effect: +€4.3m (o/w +€0.4m in NHW) International scope � Latin America and Morocco: good performance effect by PCB markets (spot effects) International constant scope France scope effect France: Contributed revenue of €114.1m 110.8 104.7 (€104.6m at 03/31/16) France constant scope i.e. +9.0% gross +4.3% organic � Scope effect: €3.3m � Constant scope: � Momentum of Industrial markets � Recurrent Local Authorities markets 03/31 2016 2017 Revenue at March 31, 2017 4
Dynamic HW division (65% of contributed revenue) IFRS data in €m NHW division: Contributed revenue of €43.1m (€40.8m at 3/31/16) 124.2 i.e. +5.6% gross 3.7 110.3 -3.5% organic � Comparable basis: repeat business. Incineration: 39.4 waste mix optimization in favor of HW � Scope effect: contribution to treatment (storage at 40.8 NHW scope effect La Croix-Irtelle and SAN Chile) and Services (Séché Ouest) 3.9 NHW constant scope HW division: Revenue of €81.1m HW scope effect (€69.5m at 3/31/16) HW constant scope i.e. +16.7% gross 77.2 +11.0% organic 69.5 � Comparable basis: good performance in Medical Waste treatment ; dynamic recoveries (bromine); and services (decontamination, nuclear services) � Scope effect: contribution to treatment (Befesa Peru and SAN Chile) and Services (Solarca) 2016 2017 03/31 Revenue at March 31, 2017 5
Solidity of treatment Strong growth in Services businesses Breakdown of contributed revenue by business line Change in Services revenue by division 124.2 4.2 36.4 110.3 1.5 34.6 +9.7% Services scope 7.6 30.0 effect 30.0 Services constant 3.2 scope 2.6 7.5 NHW scope Treatment scope effect effect NHW constant Treatment constant 58.5 +8.4% scope 58.5 scope HW scope Recovery scope effect effect 27.1 HW constant 22.5 0,2 Recovery constant scope scope 23.5 21.8 -6.4% 03/31 2016 2017 2016 2017 03/31 Revenue at March 31, 2017 6
Outlook confirmed for 2017 Good start to the year bolstering Group's Change in contributed revenue per quarter expectations (at constant scope) Modest growth in contributed revenue, on a +5.3% comparable basis � Growth driven by the HW division � NHW division - repeat business 126.9 Contribution of external growth on a full- 123.0 year basis 116.2 112.0 110.8 110.3 � Scope effect, France: Revenue +€14m 108.2 105.0 103.9 � Scope effect, Spain: Revenue +€18m � Scope effect, LatAm: Revenue +€11m Q1 Q2 Q3 Q4 2015 2016 2017 Revenue at March 31, 2017 7
Q&A Contact: Website: www.groupe-seche.com Manuel Andersen Head of Investor Relations m.andersen@groupe-seche.com
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