SUEZ ENVIRONNEMENT (EPA:SEV) SUEZ exceeds its second-half 2020 guidance

Transparency directive : regulatory news

25/01/2021 07:30

Press release

Paris, January 25, 2021 - 7.30am (CET)

                   SUEZ exceeds its second-half 2020 guidance

* Revenue resisting better than anticipated: organic variation of around -1%,
  versus a guidance of -4% to -2% in second-half 2020

* Profitability in second-half 2020 driven by the rigorous execution of the
  performance plan:
  o EBIT: c. EUR670m to EUR680m versus initial guidance of EUR600m to EUR650m
  o EBITDA: c.EUR1,600m

* Net debt at c.EUR9,750m(1), a sharp decline compared with December 31, 2019
  and June 30, 2020 thanks to structural improvement of cash generation

N.B.: All the financial items presented in this press release are preliminary
and unaudited.

Bertrand Camus, Chief Executive Officer of SUEZ, commented:

"Driven by the successful deployment of our SUEZ 2030 strategic plan, our
preliminary second-half results exceed the guidance we set on July 29 despite
an environment full of uncertainties.

We maintained a strong commercial momentum in France and internationally with
significant successes in Asia-Pacific and in the Middle East. We also made
important acquisitions to strengthen SUEZ's position in activities and
geographical areas with high growth potential: China, water in Spain and the
United States, industrial waste in the Middle East and technology.

Last, the transformation carried out by the Group translate into resilient
margins and a significant and structural improvement of cash generation.

This performance is fully supportive to SUEZ's financial trajectory for 2021
and 2022.

I would like to thank all our employees who are fully committed in their
mission, in a fast-changing world. Our second-half outperformance again
illustrates the relevance of our strategic choices enabling value creation for
our shareholders and all our stakeholders."

(1) Including c.EUR125m of debt relating to businesses whose disposal was
announced in 2020 and is expected to be finalised in H1 2021

SUEZ's Audit Committee met on January 23, 2021 and reviewed the preliminary and
unaudited financial items. These items show revenue and EBIT that exceed the
guidance for second-half 2020.

This reflects a strong commercial dynamic in France and Internationally and the
effective deployment of the Group's asset rotation policy: by strengthening its
positions in priority and high-potential geographical areas, it is supporting
its future growth.

The operational performance improvement actions deployed as part of the SUEZ
2030 strategic plan continue to bear fruit, slightly faster and greater than
the trajectory initially planned.

The new restrictive measures to contain the COVID-19 epidemic, which have been
implemented in the Group's various regions, have not been likely to
structurally disrupt the Group's operations.

As a result, the Group expects results above second-half 2020 guidance:
* Revenue is more resilient and the organic variation is expected to be around
  -1%, exceeding the guidance of -4% to -2% previously released;
* EBIT is expected at EUR670m to 680m, above the EUR600m to EUR650m range
  previously released;
* EBITDA is expected to stand at c.EUR1,600m;
* Net debt is expected to come out at c.EUR9,750m(2), a sharp decline compared
  with December 31, 2019 and June 30, 2020 thanks to structurally improved cash
  generation.

This performance is fully supportive to SUEZ's financial trajectory for 2021
and 2022

SUEZ's audited results for the fully-year 2020 will be presented on February
25, 2021, as set out by our financial calendar.

Contacts:
Press
Isabelle Herrier Naufle
isabelle.herrier.naufle@suez.com
+33 (0)6 83 54 89 62

Analysts and Investors
Cécile Combeau/Baptiste Fournier/Julien Minot
+33 (0)1 58 81 55 71 / 54 85 / 37 09

Disclaimer
This press release contains unaudited financial data. The aggregates presented
are those normally used and  communicated on markets by SUEZ.
This press release contains estimates and/or forward-looking statements and
information. These  statements include financial projections, synergies,
estimates and their underlying assumptions, statements regarding plans,
expectations and objectives with respect to future operations, products and
services, and statements regarding future performance. Such statements do not
constitute forecasts regarding SUEZ's results or any other  performance
indicator, but rather trends or targets, as the case may be. No guarantee can
be given as to the achievement of such forward-looking statements and
information. Investors and holders of SUEZ securities are cautioned that
forward-looking information and statements are subject to various risks and
uncertainties, which are difficult to predict and generally beyond the control
of SUEZ, and that such risks and uncertainties may entail results and
developments that differ materially from those stated or implied in
forward-looking information and statements. These risks and uncertainties
include, but are not limited to, those discussed or identified in the public
documents filed with the Autorité des Marchés Financiers (AMF), the French
Financial Markets Authority. Investors and holders of SUEZ securities should
consider that the occurrence of some or all of these risks may have a material
adverse effect on SUEZ. SUEZ is under no obligation and does not undertake to
provide updates of these forward-looking statements and information to reflect
events that occur or circumstances that arise after the date of this document.
More comprehensive information about SUEZ may be obtained on its Internet
website (www.suez.com). This  document does not constitute an offer to sell, or
a solicitation of an offer to buy SUEZ securities in any jurisdicti on.

(2) Including c.EUR125m of debt relating to businesses whose disposal was
announced in 2020 and is expected to be finalised in H1 2021

About SUEZ:
Since the end of the 19th century, SUEZ has built expertise aimed at helping
people to constantly improve their quality of life by protecting their health
and supporting economic growth. With an active presence on five continents,
SUEZ and its 90,000 employees strive to preserve our environment's natural
capital: water, soil, and air. SUEZ provides innovative and resilient solutions
in water management, waste recovery, site remediation and air treatment,
optimizing municipalities' and industries' resource management through "smart"
cities and improving their environmental and economic performance. The Group
delivers sanitation services to 64 million people and produces 7.1 billion m3
of drinking water. SUEZ is also a contributor to economic growth, with more
than 200,000 jobs created directly and indirectly on an annual basis, and a
provider of new resources, with 4.2 million tons of secondary raw materials
produced. By 2030, the Group is targeting 100% sustainable solutions, with a
positive impact on our environment, health and climate. SUEZ generated total
revenue of EUR18.0 billion in 2019.

Find out more about the SUEZ Group on the website & on social media

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SUEZ
Head Office: Tour CB21 - 16, Place de l?Iris, 92040 Paris La Défense Cedex,
France - Tel: +33 (0)1 58 81 20 00 - www.suez.com
Limited Liability Company with a share capital of EUR2,513,450,316 ? Siren
(French business administration number) 433 466 570 RCS Nanterre ?
VAT FR 76433 466 570

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SUEZ ENVIRONNEMENT (EPA:SEV) SUEZ exceeds its second-half 2020 guidance

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