Veolia Environnement : Présentation des résultats trimestriels au 31 mars 2023 (en anglais)
May 04, 2023 at 02:33 am
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Q1, 2023 RESULTS
Estelle Brachlianoff CEO Claude Laruelle CFO
1
AGENDA
A very strong start to the year
Detailed Q1, 2023 financial and operational performance
Appendices
Q1 2023
2
KEY Q1 2023 HIGHLIGHTS
A very strong start to the year
Very strong Q1 results
Organic EBITDA growth of +8%
Successful merger with Suez
Already €189m cumulated synergies since day 1 In line with our objective of more than €280M at end of 2023 and a total of €500M
Sustained efficiency gains
€87M, in line with annual €350M target
Confirmation of the strength of our business model, coping with higher inflation, highly resilient to macro context, and strong operating leverage
A powerful growth platform
Significant & innovative new contracts in Q1
2023 guidance fully confirmed
Q1 2023
3
VERY STRONG Q1 2023 RESULTS
Enabling us to fully confirm 2023 guidance
● Revenue growth of +19.9%(1), +6.3%(1) excl. energy prices, to €12bn
Increased indexations & continued price increases in addition to high energy prices
EBITDA of €1 574M, up +8.0%(1)
● Strong operating leverage
● Current EBIT(2) of €788M, up +14%(1)(2)
● €43M of synergies in Q1, 2023, and €189M cumulated since day 1, largely in line with objective ● Complemented by €87M of efficiency gains in line with the €350m annual target
● Net financial debt(2) of €18.7bn well under control, despite WCR seasonality
Fully confirmed 2023 guidance
Q1 2023
(1)
At constant scope and forex
4
(2)
Excluding PPA
KEY Q1 2023 HIGHLIGHTS
Strong organic EBITDA growth of +8%
In €M
Q1 2022
Scope
FX
Q1 2023
Var. vs Q1 2022(1)
Revenue
9 935
+204
-106
12 007
+19.9% / +6.3% excl.
energy prices
EBITDA
1 456
+9
-7
1 574
+8.0%
Current EBIT(2)
711
-12
-10
788
+14.0%
Q1 Comments
Strong revenue growth in our 3 businesses
Q1 revenue up 19.9%(1) and +6.3%(1) excl. energy prices
Water up 9.9% driven by Water Technologies and indexations
Waste up 5.7% excluding recyclate price impact , driven by pricing , with resilient volumes and commerce
Energy up 6% excluding energy prices, despite adverse weather impact
Strong operational leverage thanks to synergies and continued efficiency gains
Q1 EBITDA up 8.0%(1), above revenue growth excluding energy prices
Q1 Current EBIT(2) up 14.0%(1)
At constant scope and exchange rates
Excluding PPA.
Q1 2023
5
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Veolia Environnement SA published this content on 04 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 May 2023 06:32:03 UTC.
Veolia Environnement is the world leader in environmental management services. Net sales break down by activity as follows:
- water-related services (40.6%; No. 1 worldwide): water resources management, drinking water distribution and delivery, wastewater collection, treatment and recovery, engineering, design, construction of water treatment facilities and customer relationship management, etc.;
- waste management services (32.4%; no. 1 worldwide): collection, treatment and recycling of liquid, solid, non-hazardous and hazardous waste, waste treatment and recovery through composting, energy recovery from waste, etc. Veolia Environnement also provides urban waste management services (maintenance and cleaning of public spaces, provision of mechanized street cleaning and façade treatment services), maintenance of industrial sites, and dismantling of industrial facilities and equipment at the end of their useful life;
- energy services (27%; No. 1 in Europe): delegated management of urban heating and air conditioning networks, management of thermal and multi-technique services (operation of heating systems, facility design, construction, and maintenance, etc.) and industrial services (industrial process analysis, production equipment operation, service, and maintenance), general management of buildings and public lighting.
Net sales are distributed geographically as follows: France (21.5%), Europe (41.9%), North America (7.4%), Asia (5.6%), Africa and the Middle East (4.9%), Pacific (4.3%), Latin America (4%) and other (10.4%).
VEOLIA ENVIRONNEMENT 
