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All financial objectives below the topline met or exceeded Objective Actual Performance Operating Verticals revenues Circa -3% (at constant currency and perimeter) Above 78% (at constant currency) Average €400m p.a. Mid-single digit 3-year CAGR3 (at constant currency, excl E25B disposal) Below 3.0x Stable or progressive 1 YoY variation at constant currency and perimeter. 2 At constant currency. EBITDA margin stood at 78.1%, on a reported basis. 3 3-Year CAGR between FY 17 and FY 20. 4 YoY change at constant currency and excluding E25B disposal. Discretionary Free Cash Flow down -1.7% on a reported basis. -3.1%1 78.4%2 €323m +9.6%4 2.98x + ++ ++ EBITDA margin Cash Capex Discretionary Free Cash Flow Net Debt / EBITDA + €1.27 = Dividend 5 


































































































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