Q3 2020 results
Bezons
October 22, 2020

DISCLAIMER▶ This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group's
expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-lookingstatements. These risks and uncertainties are linked to factors out of the control of the Company and not precisely estimated, such as
market conditions or competitors behaviors. Any forward-looking statements made in this document are statements about Atos’ beliefs andexpectations and should be evaluated as such. Forward-looking statements include statements that may relate to Atos’ plans, objectives,strategies, goals, future events, future revenues or synergies, or performance, and other information that is not historical information. Actual
events or results may differ from those described in this document due to a number of risks and uncertainties that are described within the2019 Universal Registration Document filed with the Autorité des Marchés Financiers (AMF) on March 3, 2020 under the registration number
D.20-0096 and the Amendment to the 2019 Universal Registration Document filed with the AMF on July 30, 2020 under number D.20-0096A01. Atos does not undertake, and specifically disclaims, any obligation or responsibility to update or amend any of the information above
except as otherwise required by law. This document does not contain or constitute an offer of Atos’ shares for sale or an invitation orinducement to invest in Atos’ shares in France, the United States of America or any other jurisdiction.
▶ Revenue organic growth is presented at constant scope and exchange rates.
▶ Industries include Manufacturing (Aerospace, Automotive, Chemicals, Consumer Packaged Goods (Food & Beverage), Discrete
Manufacturing, Process Industries, Services and Siemens), Financial Services & Insurance (Insurance, Banking & Financial Services, andBusiness Transformation Services), Public Sector & Defense (Defense, Education, Extraterritorial Organizations, Public Administration,Public Community Services and Major Events), Telecom, Media & Technology (High Tech & Engineering, Media, and Telecom), Resources& Services (Energy, Retail, Transportation & Hospitality, and Utilities) and Healthcare & Life Sciences (Healthcare and Pharmaceutical).
▶ Regional Business Units include North America (USA, Canada, and Mexico), Northern Europe (United Kingdom & Ireland, Belgium,Denmark, Estonia, Finland, Lithuania, Luxembourg, The Netherlands, Poland, Russia, and Sweden), Central Europe (Germany, Austria,Bulgaria, Croatia, Czech Republic, Greece, Hungary, Israel, Romania, Serbia, Slovakia and Switzerland), Southern Europe (France, Spain,Portugal, and Italy) and Growing Markets including Asia-Pacific (Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New
Zealand, Philippines, Singapore, Taiwan, and Thailand), South America (Argentina, Brazil, Colombia, and Uruguay), Middle East & Africa(Algeria, Benin, Burkina Faso, Egypt, Gabon, Ivory Coast, Kingdom of Saudi Arabia, Lebanon, Madagascar, Mali, Mauritius, Morocco, Qatar,Senegal, South Africa, Tunisia, Turkey and UAE), Major Events, Global Cloud hub, and Global Delivery Centers.

AGENDA

1.Q3 2020 highlights
2.Q3 2020 performance

3.Conclusion and Q&A

Q3 2020 highlights
Elie Girard
Chief Executive Officer

Q3 2020 HIGHLIGHTSl Record highcommercial
activityl Spring
implementation

Increased digitalcontent of Sales

Step 2 set up in Julywell on track+20% Order Entryyoy at cc

Step 3 (final) beingprepared (practicesimplementation) forJan 2021

+25% Pipeline
yoy at cc
Topline recovery
confirmedl Cost and cash
actions on trackl Pioneering in alldimensions
CSR

Both on personnel
and non personnel
costs
Tight working capitalmanagement

People skilling
acceleration
Triple A by MSCI
Platinum by EcoVadis
Decarbonization
offerings
Technology
HPC / Quantum
Multi-Cloud / Gaïa-X

l 3 new
acquisitions inCybersecurity
and DigitalannouncedtodayQ3 2020 FINANCIAL KEY FIGURES
Revenue at constant currency-2.5%

Revenue at €2,644m

Order entry *€3,277m

Revenue organic evolutionBook to bill*-3.5%124%

vs -4.8% in Q2 2020

vs 100% in Q3 2019

Backlog *€23.0bn+20% yoy at constant currency +9% yoy at constant currency

2.0 years of revenue* excl. Siemens renewal and expansion signed in Sept for €3bn over 5 years

Weighted pipeline *€9.0bn+25% yoy at constant currency

FLAGSHIP DEALS SIGNED IN EVERY INDUSTRY IN Q3 2020
MANUFACTURING

FINANCIAL SERVICES& INSURANCETELECOM, MEDIA& TECHNOLOGYRESOURCES& SERVICES

A large
Canadian
Financialservices
company

A large USmanufacturerof verticaltransportation

DigitalWorkplace

PUBLIC SECTOR& DEFENSE

Cloud andDigital
Workplace,
Application
Modernization(Syntelsynergy)

Application
Management

HEALTHCARE& LIFE SCIENCES
A large US
hospitalchain

Migration ofbusiness critical Decarbonized
Sweden’s
Applications
digital solution
largestto a secure
to help
supercomputer Hybrid Cloudachievingfor AI
carbon-neutral
Digitalfactory
Workplace(DLA contract)

Application
Development,
Cloud,

DigitalTransformation

Security
solutionsMAIN CUSTOMER DEMANDS IN THE PIPELINEMANUFACTURING

I Migration to theCloud, Digital
Workplace
I Cybersecurity
I SAP HanaOperations
I Efficiency,Automation, andProcess
Excellence

FINANCIAL SERVICES& INSURANCE

PUBLIC SECTOR& DEFENSE

TELECOM, MEDIA& TECHNOLOGYRESOURCES& SERVICESHEALTHCARE& LIFE SCIENCES

I Fintechs

I Big Data

I Migration ofWorkloads andApplications to the
Cloud, Application
Modernization

I Cybersecurity

I BSS/OSS
transformation in
preparation for 5G

I Decentralizationof production
both in Energy
and Retail (Edge)

I Acceleration ofoutsourcing andend to end
Infrastructure /Applications

I Automation andMachine Learning

I Technology
independence

I Digital Workplace
I Cybersecurity

I Digital operationsandtransformationI Digital Twinsolutions
I Applications
moving to Cloud
I Datacenter
consolidation ,Hybrid Cloud, Bare
Metal services forApplications
requesting SLA

I Digitization
throughAutomation andMultisidedPlatforms
I Decarbonization

I Remote careservices

PIONEERING IN CORPORATE SOCIAL RESPONSIBILITYACTIONS

AWARDS

People digital
certification acceleration

Internal First

74% yoy+

filling demand through83% internallycertified engineers

New Flexible Work concept for the new normal

Internal Carbon Pricing introduced

AGM called on October 27 to submit Atos ambitionand strategy to shareholders

AAAPIONEERING IN DECARBONIZATION OFFERINGS
Q3 ACHIEVEMENTS
l Delivering a carbon-neutral digitalfactory

Q4 PERSPECTIVES>50 M€

Decarbonization pipeline for Q4
only

43

Decarbonization Assessments
in pipeline for Q4200

Client Innovation Workshops inQ4 incl. Decarbonization

127

Climate experts from EcoAct
joining Atos Decarbonization
Center of Excellencel Optimizing energy efficiency andleakage detection through AI
l Reducing carbon footprint on all services(Decarbonization Level Agreement)l Developing a data exchange and energy
redispatch platforml Acquisition of EcoActl Creation of an open ecosystem ofDecarbonization partners (GlobalAlliances and start-ups)

PIONEERING IN TECHNOLOGY BUSINESS
Leading position in High Performance Computing - HPCl Only large scale European HPC playerl Best in-class Green HPC servers
l Continuous market share gains worldwide

Leading position in Quantum Computing platformsl Quantum Learning Machine (quantum simulator) sold to:l Most powerful Quantum Programming Platform in the world
with a simulation capability of 41 qubitsl First applications by end of 2020l Building Quantum Accelerator by 2023

Atos ideally
positioned to leadthe effort on High
Performance &Quantum Computing
in the context of vast
European plans

2020 OBJECTIVES CONFIRMED

Revenue organic evolution-2% to -4%

Operating margin rate
in % of revenue

9.0% to 9.5%

Free cash flow

€500m to €600m

Financialperformance
Uwe Stelter
Chief Financial Officer

CONSTANT SCOPE AND EXCHANGE RATES FIGURESRECONCILIATIONIn € million
Statutory revenue
Exchange rates effectRevenue at constant exchange rates
Scope effectExchange rates effect on acquired/disposed perimeters
Revenue at constant scope and exchange rates

Q3 2020
2,644

Q3 20192,770-57% change-4.5%2,644

2,712-2.5%

2,64428-1
2,740-3.5%▶ Exchange rate effects: mainly negative impact of both the US Dollar and Brazilian Real▶ Scope effects: acquisitions of Maven Wave, Miner & Kasch, IDnomic, X-PERION, and Alia Consulting, andthe disposal of some specific Unified Communication & Collaboration activities| July 27, 2020 | © Atos

Q3 2020 PERFORMANCE BY INDUSTRY
Manufacturing
12%▶

Manufacturing impacted in Automotive and Aerospace▶

Financial Services & Insurance supported by a good performance in14%

Southern Europe and Central Europe

Strong growth in Public Sector & Defense in most of the geographies▶

Resources & Services impacted by Retail and Transportation in North

19%

23%

Revenue

469506
618
359
376
317

537
520
546
377
449
310

-12.8%-2.6%+13.0%-4.8%-16.3%+2.2%

Constant
currency
evolution-12.0%-1.6%+13.0%-2.1%-15.5%
+2.9%

2,644

2,740

-3.5%

-2.5%

Q3 2019*In € million

Total* At constant scope and exchange rates| July 27, 2020 | © Atos

Organic
evolution

Telecom, Media & Technology
Resources & Services
Healthcare & Life Sciences

America

Q3 2020Financial Services & Insurance
Public Sector & Defense

14%▶

Manufacturing
Financial Services & Insurance
Public Sector & Defense
Telecom, Media & Technology
Resources & Services
Healthcare & Life Sciences18%

Q3 2020 PERFORMANCE BY REGIONAL BUSINESS UNIT▶

North America recorded strong growth in Cloud but impacted by

Retail and Transportation reductions▶

7%

North America
24%

20%

Northern Europe performance led by Telecom, Media & Technology

Central Europeand Public Sector & Defense▶

Central Europe and Southern Europe faced project reductions in24%

Growing Markets resilient
Revenue

629
675
630
517
192

678
650
673
548
192

-7.2%
+3.8%
-6.3%
-5.5%
+0.2%

Constant
currency
evolution
-2.8%
+4.3%
-6.4%
-4.6%
-4.9%

2,644

2,740

-3.5%

-2.5%

Q3 2020

Q3 2019*In € million

North America
Northern Europe
Central Europe
Southern Europe
Growing Markets
Total* At constant scope and exchange rates| July 27, 2020 | © Atos

26%

Southern Europe
Growing Markets

Manufacturing▶

Northern Europe

Organicevolution

Q3 2020 PERFORMANCE BY DIVISION▶

Infrastructure & DataManagement

10%

Infrastructure & Data Management recorded strong momentumin Digital Workplace and CloudBusiness & Platform Solutions▶

Gradual recovery of Business & Platform Solutions from Q2▶

Strong growth maintained both in Big Data and Cybersecurity

34%

56%
Big Data & Cybersecurity

Revenue
Q3 2020

Q3 2019*Organicevolution

Infrastructure & Data Management
Business & Platform Solutions
Big Data & Cybersecurity

1,479
901
265

1,523989
228

-2.9%
-8.9%
+16.1%

Constant
currency
evolution
-1.6%
-8.8%
+19.2%

Total

2,644

2,740

-3.5%

-2.5%

In € million* At constant scope and exchange rates| July 27, 2020 | © AtosREVENUE PROFILE IS CHANGING TOWARDS MID-TERM TARGET
45% IN CLOUD, DIGITAL, SECURITY & DECARBONIZATION

65%Mid-Term
CLOUD

DIGITAL

SECURITYl Full stackl Digital IndustryPlatformsl Leveraging
Digital &Security needsl Orchestrationl Transformationand Apps
Modernizationl Bare Metal aaS

l Business CriticalApplications
l CustomerExperiencel Employee
Experiencel Industry-driven
decentralized
data security45%

Q3 2020l Extending go-tomarket

DECARBONIZATIONl Decarbonization Level Agreement (DLA) offeringsl Digitalization of carbon intensive businessprocesses| July 27, l2020| © AtosIndustry
best-in-class high-performance computers

40%
2019in %of Grouprevenue

M&A: 9 TRANSACTIONS SINCE JAN 2020
Cloud
AI and Machine Learning
SAP for Energy & Utilities
Cyber and IoT Security

EXPERTSANNUALREVENUEc. 2,400c. €300m

Managed Detection & Response
Cybersecurity
Decarbonization

Salesforce
Salesforce and Cloud| July 27, 2020 | © Atos

Cybersecurity Consulting

FOLLOW UP OF SYNTEL SYNERGIES GENERATIONQ3
Revenue
Synergiesl 46 Deals > €1M closed in Q3.
l Pipeline opportunities of €1.4Bn

Q3Operations
Highlightl Positive Customer Satisfaction
trend: Net Promoter Score at 69%
l Strong Project and Operating
Margin performance across Wave
and Legacy businessl Leveraging both Atos and Syntel
portfoliosl Combined solutions to capture end toend digital transformation projects

Q3 2020 Win Highlights

Willis Towers Watson
Cloud and Digital Workplace,
Application Modernization

A major Hospital Trust
Digital Workplace, Applications Management, Cloudand Cybersecurity

A major Healthcare Provider
Application Development & Modernization in NorthAmerica

A global logistics major
Large scale digital transformation for European
customer facing applications| July 27, 2020 | © AtosFOLLOW UP COST AND CASH ACTIONSCOST CONTAINMENTON TRACKCASH ACTIONSON TRACKFurther subcontractor reduction by -13% since
beginning of H2

Invoicing since beginning of H2 above last year

Own staff costs down -6% in Q3 yoy

Large Big Data project completions lined up for Q4
cash-inTravel costs continue to be -75% below last year

Overdues end of Q3 down -15% yoy

Rent, Marketing and other non personnel costs down-5% Q3 yoy

Supplier payment peak of H1 already partly recoveredin Q3

Third party component purchases in line with Big Datasales

Pension & cost of debt reduction completed

Operating margin rate between
9.0% to 9.5% of revenue confirmed| July 27, 2020 | © Atos

FCF between €500m and €600mconfirmed

Q3 2020 HEADCOUNT EVOLUTION-3.4% excl. scope effect+350+9,859-8,748-4,763

108,317

Headcount as of
31/12/19

105,015

Scope| July 27, 2020 | © Atos

HiringLeavers

Restructuring& dismissals

Headcount as of
30/09/20

Conclusion
Elie Girard
Chief Executive Officer

MAIN PRIORITIES IN Q4 2020

Industrialize high level ofcommercial activity

Focus on completing the€400m cost program and on
Free Cash Flow generationComplete Spring step 3
preparation

Pursue Bolt-on andCybersecurity acquisitions

Delivering 2020 objectives and preparing the return to growth in
2021, on track towards our mid-term targets| 25-07-2019 | © AtosQ&AThank YOU