For the benefit of financial investors -

SHAREHOLDERS

Solid 2020 results and improved prospects for 2021 that consolidate the value creation initiated by the SUEZ 2030 strategic plan.

organic variation of -2.6% (- 477 mil- lion), representing the drop in volume due to Covid-19 in the first half-year (-4.5% in organic revenue compared to 2019) followed by solid operational perfor- mance in the second half-year as the recovery took hold (-0.9% of organic var- iation), particularly in the Asia-Pacific region and in Recycling and Recovery activities in Europe.

changes in the scope of consolidation of -0.2% (- 35 million)

exchange rate variations of -1.6% (- 295 million), due to depreciation in currencies including the Chilean peso, the US dollar, the Australian dollar and the Brazilian real against the euro. In terms of EBITDA and EBIT, the Group recorded - 98 million and - 303 million respectively of costs and estimated pro- visions for the 2020 financial situation, including the pandemic. These figures are associated primarily with the excess costs of maintaining operations during the pandemic, the risks of business inter- ruption (for construction activities, for example) and the potential impact of the increased risk of payment defaults. This brings the EBIT to 780 million, with an impact of - 50 million due to exchange rate effects.

Net income Group share amounts to - 228 million in 2020, compared with 352 million in 2019. Restated to include non-recurring items, net income Group share amounts to - 38 million in 2020, a net recurring income per share of - 0.06.

Recurring free cash flow amounts to 69 million, compared with 127 million in 2019. The working capital requirement amounts to 202 million in 2020, compared with - 153 million in 2019, reflecting struc- tural improvements over the financial year resulting particularly from actions taken in France and within WTS.

Investments amounted to 1,324 million in 2020, compared with 1,417 million in 2019. They consisted of 579 million of main- tenance capex and 745 million of devel- opment capex. Additional investments were made in the second half-year using cash flow generated due to structural improvements.

Net debt amounted to 9,749 million on 31 December 2020 before reclassification of assets and liabilities associated with assets held for sale1 (IFRS 5), compared with 10,151 million on 31 December 2019, a reduction of - 403 million. This includes 423 million of income from disposals. After the impact of the IFRS 5 standard, net debt stands at 9,611 mil- lion.

The debt ratio stands at 3.5 x EBITDA on constant scope (before the impact of IFRS 5).

1-Recycling and Recovery activities (excluding plastic recycling and hazardous waste) in the Netherlands, Luxembourg, Germany and Poland, and OSIS 2-On the basis of constant exchange rates and raw material prices and no more regional lockdowns

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LOCAL AUTHORITIES INDUSTRY EMPLOYEESPLANET

The Group has improved its 2021 outlook with the following targets2: -

Revenues of over 16 billion, with a return to organic growth

An EBIT of 1.4 billion to 1.6 billion

Recurring Earn Profit per Share (EPS) of 0.80 to 0.85

Recurring free cash flow over 500 million

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