Financials Veolia Environnement

Equities

Market Closed - Euronext Paris Other stock markets 16:35:07 17/09/2024 BST			After market 20:08:02
30.24 ^EUR	+0.40%		30.16	-0.26%

03:07pm	Veolia: BlackRock exceeds 5% of share capital	CF
09-16	Veolia: record subscription rate for Sequoia 2024	CF

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	27,189	26,010	28,508	42,885	45,351	45,953	47,471	49,453
Change	-	-4.34%	9.6%	50.43%	5.75%	1.33%	3.3%	4.18%
EBITDA ¹	4,022	3,641	4,234	6,196	6,543	6,777	7,180	7,581
Change	-	-9.47%	16.29%	46.35%	5.6%	3.57%	5.96%	5.57%
EBIT ¹	1,730	1,275	1,766	3,062	3,346	3,518	3,809	4,104
Change	-	-26.3%	38.45%	73.42%	9.27%	5.13%	8.28%	7.76%
Interest Paid ¹	-293.8	-554.1	-416.8	-837.3	-978	-845.2	-853.8	-879
Earnings before Tax (EBT) ¹	1,171	365.4	900.7	1,496	1,869	2,612	2,834	3,171
Change	-	-68.8%	146.5%	66.09%	24.93%	39.76%	8.48%	11.93%
Net income ¹	624.9	88.8	404.3	716	937	1,349	1,518	1,684
Change	-	-85.79%	355.29%	77.1%	30.87%	43.99%	12.55%	10.91%
Announcement Date	28/02/20	25/02/21	17/03/22	02/03/23	29/02/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	6,440	7,425	6,675	5,737	6,293	7,305	6,807	5,605	6,712	8,151	9,935	10,261	10,517	12,172	12,007	10,748	10,406	12,190	11,556	10,585	5,303	17,046
Change	-	15.29%	-10.1%	-14.05%	9.69%	16.08%	-6.82%	-17.66%	19.75%	21.44%	21.89%	3.28%	2.5%	15.74%	-1.36%	-10.49%	-3.18%	17.14%	-5.2%	-8.4%	-49.9%	221.41%
EBITDA	-	-	970	-	893	1,149	-	-	-	-	1,456	1,497	-	-	1,574	1,588	1,631	1,750	1,624	1,642	-	-
Change	-	-	-	-100%	-	28.65%	-100%	-	-	-	-	2.82%	-100%	-	-	0.89%	2.71%	7.3%	-7.2%	1.11%	-100%	-
EBIT	-	-	392	45.5	333	504.3	-	-	-	-	692	783	-	-	788	885	844	828	843	887	-	-
Change	-	-	-	-88.39%	631.87%	51.44%	-100%	-	-	-	-	13.15%	-100%	-	-	12.31%	-4.63%	-1.9%	1.81%	5.22%	-100%	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	07/11/19	28/02/20	06/05/20	30/07/20	05/11/20	25/02/21	05/05/21	29/07/21	04/11/21	17/03/22	12/05/22	03/08/22	09/11/22	02/03/23	04/05/23	03/08/23	09/11/23	29/02/24	14/05/24	01/08/24	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 S1	2021 S1	2022 S1	2023 S1	2024 S1
Net sales ¹	12,412	13,645	20,196	22,755	22,141
Change	-	9.93%	48.01%	12.67%	-2.7%
EBITDA ¹	1,599	2,081	2,953	3,162	3,266
Change	-	30.13%	41.92%	7.08%	3.29%
EBIT ¹	437.5	900.7	1,475	1,674	1,730
Change	-	105.87%	63.76%	13.49%	3.35%
Charge d'intérêts	-215.6	-	-	-407.5	-
Earnings before Tax (EBT)	-	-	-	-	-
Change	-	-	-	-	-
Net income	-	-	-	522.9	-
Change	-	-	-	-	-100%
Announcement Date	30/07/20	29/07/21	03/08/22	03/08/23	01/08/24

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	10,680	12,864	9,532	18,138	17,903	18,917	19,358	19,669
Change	-	20.45%	-25.9%	90.29%	-1.3%	5.66%	2.33%	1.61%
Announcement Date	28/02/20	25/02/21	17/03/22	02/03/23	29/02/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	1,676	1,609	1,729	2,784	3,140	3,739	3,900	3,929
Change	-	-4.02%	7.47%	61.01%	12.8%	19.09%	4.29%	0.74%
Free Cash Flow (FCF) ¹	868	1,116	1,418	1,365	1,865	2,472	1,703	2,032
Change	-	28.62%	27.05%	-3.79%	36.67%	32.53%	-31.1%	19.34%
Announcement Date	28/02/20	25/02/21	17/03/22	02/03/23	29/02/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	14.79%	14%	14.85%	14.45%	14.43%	14.75%	15.13%	15.33%
EBIT Margin (%)	6.36%	4.9%	6.19%	7.14%	7.38%	7.65%	8.02%	8.3%
EBT Margin (%)	4.31%	1.4%	3.16%	3.49%	4.12%	5.68%	5.97%	6.41%
Net margin (%)	2.3%	0.34%	1.42%	1.67%	2.07%	2.94%	3.2%	3.41%
FCF margin (%)	3.19%	4.29%	4.98%	3.18%	4.11%	5.38%	3.59%	4.11%
FCF / Net Income (%)	138.9%	1,257.21%	350.83%	190.59%	199.04%	183.19%	112.15%	120.68%
Profitability
ROA	1.93%	0.21%	1.82%	1.84%	1.28%	1.8%	1.95%	2.01%
ROE	12.75%	6.31%	9.55%	9.78%	7.63%	11.45%	12.6%	13.32%
Financial Health
Leverage (Debt/EBITDA)	2.66x	3.53x	2.25x	2.93x	2.74x	2.79x	2.7x	2.59x
Debt / Free cash flow	12.3x	11.52x	6.72x	13.29x	9.6x	7.65x	11.37x	9.68x
Capital Intensity
CAPEX / Current Assets (%)	6.16%	6.18%	6.06%	6.49%	6.92%	8.14%	8.22%	7.94%
CAPEX / EBITDA (%)	41.67%	44.18%	40.83%	44.93%	47.99%	55.18%	54.31%	51.83%
CAPEX / FCF (%)	193.09%	144.09%	121.88%	203.99%	168.36%	151.29%	228.99%	193.31%
Items per share
Cash flow per share ¹	5.338	4.699	5.093	5.807	6.847	6.289	6.579	6.976
Change	-	-11.96%	8.37%	14.04%	17.9%	-8.15%	4.62%	6.03%
Dividend per Share ¹	1	0.7	1	1.12	1.25	1.397	1.537	1.677
Change	-	-30%	42.86%	12%	11.61%	11.73%	10.03%	9.13%
Book Value Per Share ¹	10.26	12.75	16.76	17.16	17.46	17.5	18.27	19.47
Change	-	24.35%	31.39%	2.38%	1.78%	0.21%	4.39%	6.59%
EPS ¹	1.08	0.15	0.65	1.11	1.31	1.784	2.099	2.325
Change	-	-86.11%	333.33%	70.77%	18.02%	36.15%	17.66%	10.8%
Nbr of stocks (in thousands)	554,709	565,749	687,294	702,015	715,174	715,891	715,891	715,891
Announcement Date	28/02/20	25/02/21	17/03/22	02/03/23	29/02/24	-	-	-