In millions December 31, 2019 December 31,

2020 Gross

variation Organic variation

Variation at constant

exchange rates

Revenue 18,015 17,209 -4.5% -2.6% -2.8%

EBITDA 3,220 2,815 - 12.6% - 9.9% - 10.2% EBITDA/revenue 17.9% 16.4%

EBIT 1,408 780 - 44.6% - 40.8% - 41% EBIT/revenue 7.8% 4.5%

Net income, Group share 352 -228

Recurring net income, Group share 350 -38

663 579

2019

860 980

2020

755 745

94 56

(651)

Key financial indicators (in millions)

Revenue breakdown by activity* Net investment (in millions)

Maintenance investment Development investment

Financial investment

Disposals

20.3%

Environmental Tech & Solutions

(ETS)

PE RF

OR MA

NC E

39.6% Water

42.2%

Recycling & Recovery

(399)

* Percentages calculated excluding 2% inter-company sales, i.e. reciprocal transactions between Group entities.

SHAREHOLDERS

28