FY 2022 Results

Bezons,March 1, 2023

© Atos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-looking statements. These risks and uncertainties are linked to factors out of thecontrol of the Company and not precisely estimated, such as market conditions or competitor's behaviors. Any
forward-looking statements made in this document are statements about Atos’ beliefs and expectations 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 nothistorical information. Actual events or results may differ from those described in this document due to a number ofrisks and uncertainties that are described within the 2021 Universal Registration Document filed with the Autorité desMarchés Financiers (AMF) on April 6, 2022 under the registration number D.22-0247 and the Amendment to the 2021
Universal Registration Documents filed with the AMF on August 5, 2022 under number D.22-0247-A01. Atos does notundertake, 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 oran invitation or inducement to invest in Atos’ shares in France, the United States of America or any other jurisdiction.
This presentation includes information on specific transactions that shall be considered as projects only. In particular,
any decision relating to the information or projects mentioned in this document and their terms and conditions will only
be made after the ongoing in-depth analysis considering tax, legal, operational, finance, HR and all other relevant
aspects have been completed and will be subject to general market conditions and other customary conditions,
including governance bodies and shareholders’ approval as well as appropriate processes with the relevant employee
representative bodies in accordance with applicable laws.
Revenue organic growth is presented at constant scope and exchange rates.
Regional Business Units include Americas including North America (USA, Canada, Guatemala and Mexico) and SouthAmerica (Argentina, Brazil, Chile, Colombia, Uruguay, and Peru), Northern Europe and APAC including Northern Europe(United Kingdom & Ireland, Belgium, Denmark, Estonia, Belarus, Finland, Luxembourg, The Netherlands and Sweden)
and Asia-Pacific (Australia, China, Hong Kong, India, Japan, Malaysia, New Zealand, Philippines, Singapore, Taiwan, andThailand), Central Europe (Germany, Austria, Bulgaria, Bosnia, Croatia, Czech Republic, Greece, Hungary, Israel, Poland,
Romania, Serbia, Slovenia, Slovakia, and Switzerland), Southern Europe (France, Andorra, Spain, Portugal, and Italy)
and Rest of the World including Middle East & Africa (Algeria, Benin, Burkina Faso, Egypt, Gabon, Ivory Coast, Kenya,
Kingdom of Saudi Arabia, Madagascar, Mali, Mauritius, Morocco, Qatar, Senegal, South Africa, Tunisia, Turkey and UAE),
Major Events and Global Delivery Centers.

2| 01-03-2023 | © Atos

2

Today’s presenters

Group CFO

3

Nourdine Bihmane

Diane Galbe

Philippe Oliva

Nathalie Sénéchault

Co-CEO, in charge ofTech Foundations

Group Senior Executive VP

Co-CEO, in charge of the
Evidian perimeter

Group CFO

| 01-03-2023 | © AtosAgenda1.

2022 Highlights

2.

Progress in Strategic Transformation Project3.

2022 Financial Performance4.

Outlook

5.

Q&A

4

| 01-03-2023 | © Atos

01. 2022 Highlights
Nourdine Bihmane& Philippe Oliva

2022 highlights

Atos delivering on strategic transformation plan

Strong operational recovery in H2 delivers FY22 results in line with guidanceRobust pick-up in commercial momentum in Q4 with book-to-bill at 112%

Confidence for 2023, progressing towards mid-term ambitions

Significant progress achieved in separation project
Clear path for contemplated completion in H2 2023

6

| 01-03-2023 | © Atos

2022
Key Financial Figures

7

Revenue

Operating Margin

OMDA€ 11.3 bn

3.1%€1,020 m+1.3% yoy, cst. curr.
+0.1% yoy, organicof revenue

Free Cash FlowNet Debt

Headcount€-187 m

€ 1,450 m

110,797€-58 m excluding costs related totransformation plan

2.4x pre IFRS 16 OMDA

| 01-03-2023 | © AtosHeadcount evolution+29,458
110,797

109,135(24,102)(201)(3,493)62% in offshore &nearshore locations

Headcount as of
31/12/21

Scope

HiringSept. 2022: Atos listed for the first time as one of‘Europe’s Best Workplaces’
Certification achieved in 19 countries
8| 01-03-2023 | © Atos

Leavers

Restructuring,dismissals & transfersc. 85,000
Digital certifications in 2022

Headcount as of
31/12/22

Tech Foundations in 2022: fast and tangible first results on
turnaround plan
REFOCUS✓ Mobilized
teamsaroundambitious turnaround plan
✓ Near term pricing actions to
mitigate inflation✓ Actions to reshape businessportfolio (BPO, VAR, disposalof UCC)RECOVER✓ Cost take-out actions✓ Restructuring initiated, focus on
US, UK in 2022
✓ Strong actions onunderperforming contracts

REBOUND✓ Increased add-on and revenue✓ Drove revenue retention✓ Won large deals and new logos✓ Accelerate building partnerships✓ Revitalized product roadmap for
Edge, Sovereign Cloud and Public
Cloud offerings

Repositioning Tech Foundations’ portfolio
Global leader in managed infrastructure services and employee experience;
European leader in private, hybrid and sovereign cloud; Visionary managed services offerings enabled by AI
Pioneering tech in decarbonization
9| 01-03-2023 | © AtosTech Foundations in 2022: delivering ahead of plan

€6,026 m

Better-than-anticipated top line momentum+0.3%

2022 revenue

-1.2%

-2.7%

Q4: deliberate reduction in BPO andVAR as part of portfolio rationalization+1.0% excl. non-strategic activities(BPO, VAR, UCC)

-1.6%
Organic revenue growth-1.7% at constant currency-11.4%FY21

H1 2022

Q3 2022

Q4 2022

Revenue organic growth

Operating margin turned positive 3 years ahead of plan

1.3%

+3.6%

Operating Margin
-1,0%
10

H1 2022| 01-03-2023 | © Atos

H2 2022✓ Robust improvement in H2✓ Performance actions focused on costs structure
underperforming contracts

andTech Foundations in 2022: accelerated commercial performance
94%
59% 57% 67% 54% 58%
54%

83%

✓ Continued growth in new logos✓ Increased selectivity in order entry✓ Early successes with large deals

Q1
2021

Q1
2022

Q2
2021

Q2
2022

Q3
2021

Q3
2022

Q4
2021

Q4
2022

Q4 main wins
World’s largest
healthcare company

Newly formed global
consumer company

8 years partnership to provide
a comprehensive and secure
end-to-end IT solution

Industry-leading
DigitalWorkplaceengagement
extension

Digital Workplace service
requirements over a 3-year
term

P
P

P

11

Large contract
New logo| 01-03-2023 | © Atos

Large contractP

New logo

Global Strategic Partnership totransform the Infrastructure
Outsourcing industry••~$0.5Bn of joint pipeline to dateUpskilling programme launchedEvidian in 2022: strong value proposition around clear distinctive
factors

World leader in managed
security services

Emerging end-to-end
cloud transformation
playerSole European HPC
manufacturer

Strong offering insovereign cloud solutions

Strong expertise inapplication modernizationand migration

Trusted sustainability
partner enabling clients’decarbonization

Key strategic player inEurope for mission
critical systems- Roadmap to maximize synergies between key areas of expertise- Positioning Evidian as a leading high value-added services & solutions provider to clients
increasingly mindful of security and sovereignty issues
12| 01-03-2023 | © AtosEvidian in 2022: uptick in revenue growth and operating margin in H2€5,315 m
2022 revenue+4.8%
Growth at constantcurrency+2.0% organic+5.4% organic revenue growth in H2 (+11% in Q4)✓ Ramp-up of Advanced Computing following strong order entry in Q2✓ Steady strong growth in Cybersecurity Services where Evidian capitalizes
on global leadership✓ Acceleration in Digital

Operating margin: 6.7% in H2 vs. 3.5% in H1

5.2%
2022 Operating
Margin13| 01-03-2023 | © Atos

✓ Actions on cost base and pricing✓ Increased utilization of billable resources✓ Higher volumes in Advanced Computing resulting in better fixed costs
absorption

Evidian: pick up in commercial momentum in Q4

130%✓ Strong sequential increase at both BDS and DigitalQ4 book-to-billvs. 85%% in Q3 2022

✓ 51% short-term bookings with faster revenue yield✓ Focus on smaller, low-risk contracts

Q4 main wins
Max Planck

Eurocontrol

Build and install new HPC
based on Atos’ latest
BullSequana
HX3000
platform

P
14| 01-03-2023 | © Atos

New logo

Strategic deal to provide
MDR services to an EU
agency responsible for
Aviation and Air Navigation
across the European UnionP

Large contract

Global retail leader
Design, build, roll out
and support new IT
solutionbasedonmobileapplication,
supported byDigitalEnablement
Platform
built on Microsoft Azure

Siemens
Deliver next generation
Integration
andOrchestration
drivenservices
through
Atos
SIO/SIAM Bridge solution

P

Large contract

02. Progress in Strategic
Transformation Project
Diane GalbeSignificant progress achieved in strategic transformation projectWorks councils Information and consultation process complete✓ Consultation process of Atos European works councils (SEC) completed in 3 months✓ Local consultation processes completed in all 31 countries where it was necessary

Separation workstreams progressing as planned

c.80% of €700 million divestment program secured

Discussions on a non-exclusive basis with Airbus to form long-term partnershipand to sell 29.9% stake in Evidian, fully consistent with separation plan16

| 01-03-2023 | © Atos

Separation project key milestones
On track for completion in H2 2023

February 2023
Full completion of
employee consultation
processes

July 29, 2022
Financing of theinterim period

P

P
September 7, 2022
Start of the SEC
consultation
process

17| 01-03-2023 | © Atos

Ahead of Distribution
Convening of
Shareholders
meeting

P‘Soft spin’ /Internal readiness

H2 2023
Distribution & listingof the shares of
EvidianNon core businesses divestment program well on track€700m
expected proceeds

c.80%
already secured

within 7 months

Transaction

Signing

StatusWorldline stake

June 2022✓

EGSE

September 2022

Closing expected in Q1 23

SislogOctober 2022✓

Atos Italia*

November 2022

Closing expected in H1 23

UCC*

January 2023

Closing expected in H2 23* Transactions are subject to the consultation of relevant employee representative bodies and other customary regulatory approvals
18| 01-03-2023 | © Atos

ClosedClosedKey Non-Financial Indicators & Recognitions
Sustainability in our DNA
Net promoter scorefrom our clients

CO2 Emissions
scopes 1,2 and 3% of total spend
assessed by Ecovadis
or alternative assessments

66%

2.5 Mtons

70%

stable vs 2021

reduced by -24% since 2019vs. 68% in 2021

S&P Global
Sustainability
85/100
Top 1%*

Ecovadis
84/100
Top 1%CDP
Leadership
Band
Top 2%

10th consecutive year in S&P’s
Global Sustainability
Yearbook

On environment, labour &human rights, responsible
procurement and ethics

10th consecutive year on
CDP Leadership Band* Within the IT industry
19| 01-03-2023 | © Atos

03. 2022 Financial
Performance
Nathalie Sénéchault

2022

Financial overview
FY 2022

FY 2021

ChangeChange atcst. currency

11,341

10,839

+4.6%

+1.3%

Operating Margin

356

383

In % of revenue

3.1%

3.5%

-40 bps-60 bps

OMDA

1,020

1,095

In % of revenue

9.0%

10.1%

Normalized Net income

-28

-215

-1,012-2,962

Free Cash Flow excluding costs of transformation plan

-58

-419

Free Cash Flow

-187

-419

Net debt

1,450

1,226

€M

Revenue

Net income

21| 01-03-2023 | © Atos

-110 bps

2022 revenue bridge

Return to growth at constant currency, organic stabilization+4.6%

In €M:

10,839

+1.2%

+0.1%

+3.3%

11,341

Foreign Exchange

2022 Revenue+1.3%
at constant currency

2021 Revenue
22| 01-03-2023 | © Atos

Organic

Scope

Continued sequential
improvement
organic growthBusiness
shift to growthareas inaccelerating
H2: +2.3%
Organic growth turned positive in Q4:

+4.6%

•

Evidian strongly up•

Tech Foundations down due toportfolio rationalization•

Comparison basis

-0.1%
-2.4%

-1.9%

-8.9%
Q4 2021

23

Q1 2022| 01-03-2023 | © Atos

Q2 2022

Q3 2022

Q4 2022

2022 operating margin

Strong recovery in H2 as expected3.1% operating margin in FY22

H2 improvement mainly driven by:✓ Decrease in structure costs

5.1%✓ Selective hirings✓ Cost discipline✓ Reduction in underperforming
contracts and associated losses

1.1%✓ PricingH1 202224| 01-03-2023 | © Atos

H2 2022

Operating margin to Net income

€M

2022

2021

Operating margin

356

383

Reorganization, Rationalization, Integration costs

-451

-437

Amortization of intangible assets

-140

-151

Equity based compensation

-25

-34

Impairment of goodwill and other non-current assets-177-1,490

Others-359-1,039Operating income-795-2,768

Net financial expenses

-175

-151

Tax charge

-46

-39

Non-controlling interests

0-3

Share of net profit/(loss) of associates

40-1,012-2,962

Net income – Group share25| 01-03-2023 | © Atoso/w €-266m related to Atos’ envisioned
transformation plano/w €-210m one-off impact from Tech
Foundations addressing large
underperforming contracts
o/w €-29m cost of debt
and €-109m related to the disposal ofWorldline shares

2022 Free cash flow
In €m

OMDA

+1,020-656

Capex and leases

Change in Working Capital+126

Tax paid-59

Net cost of financing debt

-29

RRI costs (excl. costs related
to transformation plan)

-154
-305

Other changes
Excluding costs related to-58

FCF transformation plan

Costs related to transformation plan

FCF
26

| 01-03-2023 | © Atos

-129

-187

Include a €60m refund from
German restructuring planannounced in 2021

2022 change in net debt
(328)

In €M:(1,226)

Net debt
Dec 2021(1,450)

(187)

FCF
2022

+219

Acquisitions &Disposals

Sale of Worldline
Shares+72

FX & others

Leverage ratio at 2.4x OMDA pre IFRS 16
27| 01-03-2023 | © Atos

Net debt
Dec 2022

04. Outlook
Nourdine Bihmane& Philippe Oliva

Evidian 2023 priorities
Drive revenue growth acceleration• Deploy new customer value proposition and portfolio of offerings• Maximize synergies and leverage joint go-to-market• Build sales capabilities, increase large deals win rate

Delivery excellence and profitability• Targeted margin improvement actions at key accounts level• Talent management in an inflationary context: increase utilization,
targeted hirings, reskilling• Delivery-led growth approach

In 2023,
we expect✓ Revenue organic growth toaccelerate✓ Operating margin to

Successful transformation

increase• Shift to new operating model• Drive innovation to the next level29| 01-03-2023 | © Atos

29

Tech Foundations 2023 priorities
REFOCUS: accelerate the reshaping of our portfolio• Tackle underperforming contracts, wind down non-core activities• Continue to rationalize VAR and non strategic offerings

RECOVER: step up cost structure adaptation✓ Continued stabilization of core

• Social consultation completed; targeting 7,500+ headcount reduction
over the next 3 years with significant actions planned in 2023
• Structural changes in delivery model – MTO, AI/Automation✓ Managed decrease in revenue

REBOUND pave the way for future growth• Continue commercial momentum through focus on large deals,
growth squads and integrating Advisory in GTM motion• Scale new offerings – Edge, Public cloud and sovereign cloud30

In 2023,
we expect:| 01-03-2023 | © Atosrevenueresulting from portfolio
rationalization✓ Ramp up in margin expansion
actions; mitigated by inflationand portfolio rationalization✓ Operating margin in positive
territory, well ahead of plan

2023 full-year outlook

Organic revenue
growthGroup

EvidianTech Foundations-1.0% to +1.0%

Acceleration

Managed decrease+0.1% in 2022

Operating margin*(% of revenue)

vs. 2022

Core stabilization
Portfolio rationalization+2.0% in 2022

-1.6% in 2022

Improvement

4% to 5%

vs. 2022

3.1% in 2022

5.2% in 2022

* At current perimeter, including Italian activities & UCC (disposals expected to close in H1 2023 and H2 2023 respectively)
31| 01-03-2023 | © Atos

31

Positive territory
1.3% in 2022

Conclusion

P Atos delivering on strategic plan
P

Strong operational recovery
achieved in H2 2022

P

Confidence for 2023, separation projectwell on track

P On track to achieve 2026 objectives
32| 01-03-2023 | © Atos

Evidian and Tech
Foundations will holdInvestor Days prior to theenvisaged separation

05. Q&A

Thank you

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