Spie Sa · EURONEXT:SPIE
Spie Sa — Q3 2026 Earnings Presentation
29 slides from Spie Sa's earnings presentation, Oct 30, 2026
Slide 1: Quarterly information as of September 30th, 2026
Quarterly information as of September 30th, 2026 October 30th, 2026 SPIE, sharing a vision for the future
Slide 2: Disclaimer
Disclaimer Certain information included in this presentation are not historical facts but are forward-looking statements. These forward-looking statements are based on current beliefs, expectations and assumptions, including, without limitation, assumptions regarding present and future business stra
Slide 3: Germany: modernisation of the Uniper Staudinger power station in Großkrotzenburg
Germany: modernisation of the Uniper Staudinger power station in Großkrotzenburg • SPIE is modernising the electrical and control systems at Block 4 of Uniper’s Staudinger power station • The upgrading of the gas-fired power station is due for completion by 2028 and will provide the technical basis
Slide 4: France: climate and electrical engineering for a data centre transformation project in Toulouse
France: climate and electrical engineering for a data centre transformation project in Toulouse • Development of a new eco-efficient data centre in Toulouse (2 MW capacity, ~920 sq.m. IT space, completion 2027) • Targeting high energy performance (PUE < 1.33 at 80% load), reducing electricity consum
Slide 5: Netherlands: contract awarded by the Municipality of Zwolle for maintenance of 14 movable bridges
Netherlands: contract awarded by the Municipality of Zwolle for the maintenance of 14 movable bridges • Electrical and mechanical maintenance under SPIE’s integrated technical approach on 14 movable bridges • Preventive and corrective maintenance to improve reliability and extend asset lifetime • Ag
Slide 6: Central Europe: leading a consortium for a 400 kV transmission line in Poland
Central Europe: leading a consortium to deliver the first section of a 400 kV transmission line in Poland • SPIE-led consortium delivering 49.6-km first section of strategic 400 kV transmission line in Poland • Supporting integration of up to 17.9 GW Baltic Sea offshore wind generation capacity nati
Slide 7: Q3|9m 2026 Trading update
Q3|9m 2026 : ss Trading update SPIE
Slide 8: Very strong performance over the first 9 months
Very strong performance over the first 9 months Accelerating organic growth and M&A contribution Bolt-on M&A contribution €362 million revenue Revenue growth +7.0% +4.8% Full-year 2026 guidance Organic growth confirmed +2.3% 8
Slide 9: Financial highlights Q3 and 9m 2026
Financial highlights Q3 and 9m 2026 +13.7% +7.0% M&A activity revenue increase revenue increase vs. Q3 2025 vs. 9m 2025 Annual Revenue revenue acquired 8,043m € c. €800m +4.7% +2.3% 7 Acquisitions organic growth organic growth announced YTD vs. Q3 2025 vs. 9m 2025 9
Slide 10: Very strong 9m 2026 revenue growth supported by exceptional Q3
9m 2026 Very strong 9m 2026 revenue growth supported by exceptional Q3 9m 2026 Group revenue growth excluding FX Revenue growth at constant FX Germany -1.6% 4.4% 7.7% +10.4% France -0.4% 2.0% +1.6% North-Western Europe 5.3% 1.0% +6.3% Central Europe 1.9% 12.0% 1.2% +15.1% Global Services Energy -6.7
Slide 11: Germany
Germany High activity level driven by strong structural demand 36% of 9m 2026 revenue HIGHLIGHTS Revenue (€m) 3,000.0 2,871.6 High activity levels in Q3 (+5.2% organic growth) and +4.4% over 9m 2026 2,900.0 High Voltage & City Networks: successful recovery from the weather-related shortfall at 2,800
Slide 12: France
France Resilient level of activity following a trough in Q2 31% of 9m 2026 revenue HIGHLIGHTS Revenue (€m) 3,000.0 2,900.0 9m 2026 organic growth -0.4%, with Q3 at +0.3% evidencing resilient level of activity 2,800.0 2,700.0 ▪ Technical FM: key growth engine, benefiting from recurring revenues and t
Slide 13: North-Western Europe
North-Western Europe Sharp acceleration in organic growth and outstanding Q3 performance 20% of 9m 2026 revenue HIGHLIGHTS Revenue (€m) Sharp acceleration in Q3 organic growth (+12.5%) and +5.3% over 9m 2026 1,635.0 2,000.0 1,800.0 1,537.5 ▪ The Netherlands: 1,600.0 1,400.0 High Voltage: strong acce
Slide 14: Central Europe
Central Europe Strong performance despite demanding comparison base in Q3 9% of 9m 2026 revenue HIGHLIGHTS Revenue (€m) 1,000.0 900.0 Very strong +5.8% organic growth in Q3 on a very demanding comparison base 800.0 702.4 (+9.9% in Q3 2025) and +1.9% over 9m2026 700.0 606.6 Poland and Slovakia: High
Slide 15: Global Services Energy
Global Services Energy Challenging market conditions for Oil & Gas activities 5% of 9m 2026 revenue HIGHLIGHTS Revenue (€m) Organic growth of -6.7% over 9m 2026 (-6.8% in Q3) 500.0 369.6 450.0 400.0 348.2 Oil & Gas maintenance : 350.0 300.0 • Sub-Saharan Africa: more challenging market conditions, w
Slide 16: SHARE FOR YOU 2026
SHARE FOR YOU 2026 A great success of SPIE’s employee shareholding plan Employee shareholding estimated at c.9.2% of SPIE’s capital (post SFY 2026) Estimated shareholder structure post SFY 2026 SPIE Public 8.8% Employees 0.4% Management 9.2% > 27,000 > 6,000 91.8% Employees participating from 18 cou
Slide 17: Q3|9m 2026 Highlights
Q3|9m 2026 Highlights Jérôme Vanhove Group CFO
Slide 18: +7.0% revenue growth
+7.0% revenue growth €m +7.0% 1400.0 +0.5% +4.8% -0.1% -0.1% -0.5% 8,043 1200.0 1000.0 +2.3% 7,519 800.0 600.0 +7.0% 400.0 revenue growth at constant FX 200.0 0.0 9m 2025 Organic growth Acquisitions Disposals Internal transfer¹ FX 9m 2026 Note: 1. Internal transfer in January 2026 of the former Robu
Slide 19: Accelerating M&A contribution
Accelerating M&A contribution Rich pipeline of opportunities 7 Acquisitions announced in 2026 c. € 800m Cumulative full-year revenue acquired c. € 430m 2 c. € 180m 2 c. € 100m 2 Specialised industrial services, Specialised in infrastructure and Specialised industrial services automation and conveyor
Slide 20: Successful refinancing
Successful refinancing Enhanced financial flexibility Debt profile & maturities (in m€) Successful refinancing of the ORNANEs due January 2028 as of October 2026 - excluding securitization program Successful €500m sustainability-linked bond 1,000 1,000 NEW issuance despite challenging debt capital m
Slide 21: Outlook
2026 Outlook
Slide 22: 2026 outlook confirmed
2026 outlook confirmed 2026 outlook Strong total growth, driven by Continued expansion of Proposed dividend further organic growth and EBITA margin at c.40% of Adjusted net income1 active bolt-on M&A attributable to the Group Note: 1. Adjusted for i) operating income items restated from the Group’s
Slide 23: SPIE
SPIE
Slide 24: Appendix
“Appendix SPIE
Slide 25: Quarterly organic growth by segment
Quarterly organic growth by segment In percentage Q1 2026 Q2 2026 H1 2026 Q3 2026 9m2026 Germany +0.0% +7.3% +3.9% +5.2% +4.4% France +0.6% -1.9% -0.7% +0.3% -0.4% North-Western Europe -0.9% +4.7% +1.9% +12.5% +5.3% Central Europe -8.2% +7.3% +0.0% +5.8% +1.9% Global Services Energy -4.1% -9.3% -6.7
Slide 26: Q3 2026 revenue growth by segment
Q3 2026 revenue growth by segment organic external Internal foreign In millions of euros Q3 2026 Q3 2025 Change growth growth disposals transfer (1) exchange Germany 1,115.9 922.0 +21.0% +5.2% +17.6% - -1.8% - France 810.4 791.1 +2.4% +0.3% +2.2% -0.1% - - North-Western Europe 561.6 498.4 +12.7% +12
Slide 27: 9m 2026 revenue growth by segment
9m 2026 revenue growth by segment organic external Internal foreign In millions of euros 9m 2026 9m 2025 Change growth growth disposals transfer (1) exchange Germany 2,871.6 2,600.0 +10.4% +4.4% +7.7% - -1.6% - France 2,464.9 2,426.5 +1.6% -0.4% +2.0% -0.0% - - North-Western Europe 1,635.0 1,537.5 +
Slide 28: Income statement bridges
Income statement bridges Revenue to Revenue under IFRS €m 9m 2026 9m 2025 Revenue as per management accounts 8,043.4 7,518.7 Holdings activities 20.5 17.7 Others 0.6 0.6 Revenue under IFRS 8,064.5 7,537.0 28
Slide 29: Financial schedule and IR contact details
IR contact details IR SPIE 2025 Investor Day SPIE 2022 Investor Day SPIE IR application Investor Relations Replay available here Focus on MT perspectives Available for iPad, iPhone [email protected] Replay available here and Android devices Financial schedule 2026 Full-Year Results March 4th, 2027