Q1 2021 Revenue

Bezons, April 20, 2021

Disclaimer
This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group's expected growth andprofitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These risks anduncertainties are linked to factors out of the control 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, andother information that is not historical information. Actual events or results may differ from those described in this document due to a number of risks anduncertainties that are described within the 2020 Universal Registration Document filed with the Autorité des Marchés Financiers (AMF) on April 7, 2021 under
the registration number D.21-0269. Atos does not undertake, and specifically disclaims, any obligation or responsibility to update or amend any of theinformation 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.
Atos consolidated and statutory financial statements for the year ended December 31, 2020, were approved by the Board of Directors on February 17, 2021.
Following their audit procedures on the consolidated financial statements for the year ended December 31, 2020, the statutory auditors issued on April 1,2021 a qualified opinion due to a limitation on the scope of the audit as two US legal entities representing 11% of 2020 consolidated revenue that require
additional diligences. For the sake of clarity, except for the qualification included in the statutory auditors’ report on the consolidated financial statements
for the year ended December 31, 2020, the Group consolidated financial statements are audited and the financial statements included in the Universal
Registration Document are unchanged compared to the version published by the Company on February 18, 2021. As of today, the Group has not identified
misstatements on the two US entities that are material for the consolidated financial statements.
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, and Business Transformation Services), PublicSector & 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) andHealthcare & Life Sciences (Healthcare and Pharmaceutical).
Regional Business Units include North America (USA, Canada, Guatemala and Mexico), Northern Europe (United Kingdom & Ireland, Belgium, Denmark,Estonia, Belarus, Finland, Lithuania, Luxembourg, The Netherlands, Poland, Russia, and Sweden), Central Europe (Germany, Austria, Bulgaria, Bosnia,Croatia, Czech Republic, Greece, Hungary, Romania, Serbia, Slovenia, Slovakia, Israel, and Switzerland), Southern Europe (France, Andorra, Spain, Portugal,and Italy) and Growing Markets including Asia-Pacific (Australia, China, Hong Kong, India, Japan, Malaysia, New Zealand, Philippines, Singapore, Taiwan, andThailand), South America (Argentina, Brazil, Chile, Colombia, Uruguay, and Peru), 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 andGlobal Delivery Centers.

2Agenda

1 North America Audit Follow-up
2 Q1 2021 highlights
3 Next steps of Group Transformation
4 Q1 2021 financial performance
5 Q&A
3SECTION 1

North America Audit Follow-up

North America 2020 Audit: Immediate reaction from theCompany and transparent communication on April 1st –Reminder of Status
In 2 US legal entities representing 11% of 2020 group revenue,
several issues foundThose legal entities are not related to Syntel
The Group has not identified misstatements that are material for theconsolidated financial statements
Even though not material to the Group, several accounting errors
were identified as well as internal control weaknesses
5North America Audit: Plan of actions

The Company has decided to conduct a full accounting review ofthe 2 US legal entities
A status update will be given at the time of H1 results

A strong remediation and prevention plan has been designed
under the leadership of Group General Secretary and is being
implemented
6North America Audit: Remediation and Prevention Plan

Preventive controls

Guidelines and documentation
HR Review
Skilling and organization
Awareness and Training
7

Complementaryanalysis ongoingto ensure theplan isexhaustiveSECTION 2

Q1 2021 highlights

Q1 2021
Key Figures

9Revenue€ 2,692m

Digital, Cloud, Security& Decarbonization-1.9% at cc-3.9% organically

51% of Q1 revenue

Headcount
104,485 stablevs end of 2020

Q1 2021
Key Figures

10

Order entry

Backlog

Weighted pipeline€ 2,596m
BtB at 96%€ 23.2bn+8% YoY
2.1 years of revenue€ 8.4bn+14% YoY
9 months of revenue

Q1 2021
Main Wins
Manufacturing

11FinancialServices& Insurance

Leading multinational automotive
manufacturer

A large European bank

Smart factoryand IoT solutions

Journey to theCloud

Public Sector& Defense

Analytics
platform andapplications

Telecom, Media& Technology

Resources& Services

Large European Telcocompany

International Airline

Digital Workplace
and Cybersecurity/vulnerab
ility management

Digital Workplace

Healthcare& Life Sciences

Transformation toCloud supported
by AI andautomation
solutions

Digital Security: ambition supported by Atos customer base, portfolio
extension and acceleration from recent acquisitions
Significant wins using
Atos wide presence
Homeland & Defense:▪ Swiss Federal Office for Civil Protection
Cybersecurity & Managed Security:▪ Paris 2024 Olympics▪ Pierre Fabre▪ Large Railway Operator in the Netherlands▪ Large Telco Operator in Morocco
Managed Detection & Response:▪ Mexico Large Utility
Critical Coms & Emergency Management:▪ Iberdrola▪ City of Madrid
Satellite monitoring:▪ EutelSat

12Portfolio
Innovations
New extended Managed
Detection & Response
offer combining
Paladion platform andAtos Prescriptive SOC
Evidian IDaaS in Google
Cloud Platform

Enhanced VulnerabilityAssessments
IoT Cloud security
platform

Growthaccelerationin Q1 2021
+37% revenue growthat constant currency
Strong order entry
with 129% Book to Bill

Successful integration ofgrowing acquisitions:
Paladion, SEC Consult,
Infidem, Motiv,digital.security

Big Data: ambition supported by the raise of Edge and acceleration ofhigh-end servers with hyperscalers, partners of Atos

Q1 2021
Order entry+17% growth

Factory capacity
doubled YoY

13Edge computing
multiplenew logos & use
cases

Across Atos Industries
and Geographies

BullSequana S
contract withGoogle
accelerating

500+ high speed
servers to date

Decarbonization: a successful development of the Business Line
Q1 achievements
20M€

Q1 Decarbonization revenue

35M€

Q1 Order Entry

11
1st14

Decarbonization Level Agreement (DLA)and Digital Decarbonization Assessment(DDA) opportunities won
Atos and HDF energy to develop
the 1st green hydrogen data center

Jan 21st

Atos joins Climate Neutral
Data Center Pact

Mar 19th

Atos becomes Founding member of EU
Green Digital Coalition

Q1 Main Wins
Climate finance services and new
innovative offsetting platform
Leading IT
peripherals
manufacturer

Support Net Zero emission program

A French
RegionAdvising the Region in its
decarbonization ambition through DDA,
Green App and a data platform

A battery
manufacturer
leaderIT services and support including DDAand DLA

Actions to support employees to adapt the new normal
Ensuring our employees’ future skills

Retaining our Key People

13 783 New Digital Certifications

99%

completed (+20% to Q1 2020)

Retention of our Key People in Q1
95% in FY 2020

Led by Cloud Certifications: doublingin Q1 2021 YoY

Equipping our employees towork from anywhere

Ensuring employees’
health and security

97%

80%

20%

employees able towork from anywhere
without restriction

employees withan Atos laptop

employees with anAtos desktop(o/w 86% havetaken it home)

15Real time monitoring of COVID situation
with immediate worldwide reaction

Funded vaccination programs in India andthe Philippines centers, with on-site
inoculation in many countries2021 Objectives Confirmed

16Revenue growth(at constant currency)+3.5% to +4.0%

Operating margin(% of revenue)+40 to +80 bps
vs 2020

Free cash flow

€550m to €600m

SECTION 3

Next steps of Group
Transformation

Deployed at speed since early 2020, Spring is progressively
enhancing Atos digital and industry dialogue with its clients

EXPAND andINDUSTRIALIZE
our offering portfolio

CustomersSales▶

Net Promoter score up +6%▶ 53 Globally Integrated Accounts
serving our key customers
consistently globally, with a Q1
Backlog up by 5% since end 2020▶

Offering Portfolio

Employee Engagement

Accelerated Order Entry
growth +10% 2020 vs 2019
▶ Pipeline end 2020: +23% YoY▶ Greater ability to win Industry-led
deals

REDESIGN
our go-to-market

SET-UPan Industry led
organization► 16 Practices including specific focus on

Digital, Cloud, Security and Decarbonization
solutions► 84 ready to sell/ready to deliver Industry
offerings
18▶ 80% of Client Executive Partners
feel they can bring more value toclients through Spring▶ Great Place to Work: +9%, highest
everNorth America Plan to return to Growth in Q3

19Ramp up new logos

Strengthen leadership andaccount teams

Address Industry specificdemandBoost Quality excellenceContinue cross sell andupsell with Syntel

Leverage Partner
ecosystem and recent
acquisitions to accelerate
momentum

Germany Plan to turnaround Infrastructure businessProfitability
Loss making and cash negative areas clearly identified inGermany
These correspond mainly to the former IDM business
Significant issues relating to a historical heavy cost structure
hampering competitiveness and agility
Decision to engage into discussions following local regulations toimplement appropriate significant and structural measures
starting within the year 2021
20

Accelerating Business Mix Change through a Portfolio Strategic
Review
Digital, Cloud, Security andDecarbonization in % of Grouprevenue

65%
Midterm

Key Dimensions
Offering change: Spring is the organic driver
supporting business mix change
Bolt-on acquisitions: 3 more announced today

46%
in 202040%
in 2019
21

Portfolio Strategic Review on non-core assets

In addition to Spring transformation, the Group needs a deep internal
cultural change
Atos DNA strengths

What we want-

Clear purpose, ambition and strategy (Spring)-

Culture of customer obsession-

Strong market positions and long standing clients-

Culture of structural quality-

Technology mastery-

Increase digital skills both organically andinorganically-Fighting spirit-

Step change in offshoring and nearshoring-

Reinforce accountability and develop humancapital-

Align all actions with “Raison d’Etre”:
commitment, loyalty, development-

22

Key differentiators (among others Security,Decarbonization)
Strong ESG focus
Solid partnerships

Launch in H1 of a Company wide change management
program reporting to CEO

SECTION 4

Q1 2021 financialperformance

Q1 2021
Backlog Development
Q1 Highlights

Backlog (€ bn), end of period
23.4

23.2
Full backlog grew by +8% YoY

22.5
21.9
21.3
20.8

21.2

22.0
21.4
Well balanced by Regional
Business Unit

Q1

Q2

Q3

2019 (reported)

24

Q4

Q1

Q2

Q3

Q4

Q1

2020 (at constant currency) 2021

Well balanced across Industries

Business shift to growth areas accelerating
65%

Cloud, Digital,Security andDecarbonization in %of Group revenueMid-term
51% of Group revenue in Digital,Cloud, Security and Decarbonization

51%

in Q1 2021

46%

in 202040%
25in 2019

Q1 Highlights

70% of pipeline in Digital, Cloud,Security and Decarbonization

Big Data & Cybersecurity:+27% revenue growth at cc
Reinforced by 3 additional
acquisitions in Digital andSecurity

Q1 2021
Revenue evolution by Industry€M

Revenue
Q1 2021

Q1 2020*% YoY, CC

Manufacturing

488

522

-6.7%

Financial Services & Insurance

544

506

+7.4%

Public Sector & Defense

579

599

-3.2%

Telecom, Media & Technology

373

393

-5.0%

Resources & Services

395

421

-6.2%

Healthcare & Life Sciences

313

303

3.4%

2,692

2,744

-1.9%

Total
* At constant currency
26

Quarterly revenue trend by Industry
Revenue growth at constant currency
Q2 2020

Q3 2020

Q4 2020

Q1 2021

Manufacturing-14.5%-12.0%

-7.9%

-6.7%

Financial Services & Insurance

-4.6%

-1.6%

-0.8%

+7.4%

Public Sector & Defense+9.1%+13.0%

+5.5%

-3.2%

Telecom, Media & Technology-10.5%

-2.2%

-6.2%

-5.0%

Resources & Services-7.2%-15.4%

-8.6%

-6.2%

Healthcare & Life Sciences

+3.5%

+2.9%

+4.3%

+3.4%Total

-4.2%

-2.5%

-2.1%

-1.9%

27

YoY growthrate
Q2 vs Q1

Q1 2021
Performance by Regional Business Unit
€MRevenue
Q1 2021

Q1 2020*% YoY, CC

North America

564

622

-9.4%

Northern Europe

730

688

+6.2%

Central Europe

609

666

-8.5%

Southern Europe

607

596

+1.9%

Growing Markets

181

172

5.1%

2,692

2,744

-1.9%

Total

* At constant currency
28

Quarterly revenue trend by Regional Business Unit
Revenue growth at constant currency
Q2 2020

Q3 2020

Q4 2020

Q1 2021

North America

-2.9%

-2.8%

-3.1%

-9.4%

Northern Europe-1.3%

+4.3%

+0.7%

+6.2%

Central Europe

-1.8%

-6.4%

-5.1%

-8.5%

Southern Europe-10.6%

-4.6%

-1.0%

+1.9%

Growing Markets

-6.3%

-5.0%

-1.5%

+5.1%

Total

-4.2%

-2.5%

-2.1%

-1.9%

29

YoY growthrate
Q2 vs Q1

Q1 2021
Headcount Evolution
104,430+692+4,215

104,485(3,690)

Headcount as of
31/12/20

30

Scope

HiringLeavers(1,162)

Restructuring, Headcount as of
dismissals &31/03/21transfers

SECTION 5Q&A

Thank you!

Atos, the Atos logo, Atos|Syntel are registered trademarks of the Atos group.
February 2021. © 2021 Atos. Confidential information owned by Atos, to be used by
the recipient only. This document, or any part of it, may not be reproduced, copied,circulated and/or distributed nor quoted without prior written approval from Atos.