Applus Services S A : 2023 Presentación de resultados del primer semestre

Applus+ Group

H1 2023 Results

Presentation

Joan Amigó	|	Chief Executive Officer	25 July 2023
Julián de Unamuno	|	Chief Financial Officer

Disclaimer

This document has been prepared by Applus Services, S.A. (the "Company") exclusively for use during the presentation of financial results. Therefore, it cannot be disclosed or made public by any person or entity with an aim other than the one expressed above, without the Company's prior written consent. The Company does not assume any liability or responsibility for the content of this document if used for any other purposes. Except where expressly provided otherwise, the information and any opinions or statements made in this document have not been verified by independent third parties nor audited and no express or implied warranty is made as to the impartiality, accuracy, completeness or correctness of the information or the opinions or statements expressed herein. Neither the Company, its subsidiaries or any entity within the Company's group or subsidiaries, nor any of their respective advisors or representatives assume liability or responsibility of any kind, whether for negligence or any other reason, for any damage or loss arising from any use of this document or its contents. The information contained in this document on the price at which securities issued by the Company have been bought or sold, or on the performance of those securities, cannot be used to predict the future performance of securities issued by the Company. Neither this document nor any part of it constitutes a contract, nor may it be used for incorporation into or construction of any contract or agreement.

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The document includes the list and definition of the Alternative Performance Measures (APMs) used both in this document and in the Results Report, according to the guidelines published by the European Securities and Markets Authority (ESMA). Other companies may calculate such financial information differently or may use such measures for different purposes than the Company does, limiting the usefulness of such measures as comparative measures. These measures should not be considered as alternatives to measures derived in accordance with IFRS, have limited use as analytical tools, should not be considered in isolation and, may not be indicative of the Company's results of operations. Recipients should not place undue reliance on this information.

Neither this document nor any part of it constitutes a contract, nor may it be used for incorporation into a construction of any contract or agreement. This document does
not constitute an offer or an invitation to purchase or subscribe shares, in accordance with applicable laws and regulations, nor a request for any vote or approval in any
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registration under the U.S. Securities Act of 1933, as amended, or an exemption therefrom. Nothing contained in this document is intended to constitute an invitation or	2
inducement to engage in investment activity for purposes of the prohibition of financial promotion in the U.K. Financial Services and Markets Act 2000

HIGHLIGHTS

FINANCIAL REVIEW

BUSINESS REVIEW

SUMMARY & OUTLOOK

STRONG PERFORMANCE CONTINUES

HIGHLIGHTS

FINANCIAL REVIEW

BUSINESS REVIEW

SUMMARY & OUTLOOK

H1 2023: Highlights

1 Strong financial performance continues with solid cash flow generation that supports M&A

4 Progress on ESG including an

improved score from Sustainalytics

2

5

Active portfolio strategy drives 90 bps margin1 improvement

Second 5% share buyback programme completed

3

6

New statutory vehicle inspection contract awarded in Saudi Arabia

Outlook raised following strong performance and visibility to end of year

Totally focused on continued strong execution and delivering on the strategic plan

4

1 Adjusted for Other Results, IDIADA Accelerated Depreciation and amortisation of acquisition intangibles

HIGHLIGHTS

FINANCIAL REVIEW

BUSINESS REVIEW

SUMMARY & OUTLOOK

H1 2023: Financial Highlights

Revenue		Operating profit / margin2
€1,001 million up 9% (+8.8% organic1)	€111 million up 10.2% (+6.5% organic1)
11.0% margin (H1 2022 10.1% reported; 10.9% Proforma)

Free cash flow3		Net debt/EBITDA ratio4
€71 million, down 1%		2.6x and liquidity of €425 million

Earnings per share3

Return to Shareholders

€0.46 up 19%

2nd SBB completed

Dividend Paid at €0.16

1 Organic is at constant exchange rates and on a 2022 Proforma excluding Auto US & Finland and US O&G 2 Adjusted for Other Results, IDIADA Accelerated Depreciation and amortisation of acquisition intangibles

3 Adjusted for other results5

4 Excluding IFRS 16