Veolia Environnement(VEOEY) - 2023 Q3 - Earnings Call Presentation

Financial Performance - Veolia's revenue reached €33.161 billion, up by 10.7% at constant scope and forex[5] - EBITDA increased to €4.793 billion, a 7.7% rise[5] - Current EBIT was €2.518 billion, showing a 14.2% increase[5] - Net financial debt decreased to €18.881 billion[5] - The company generated €435 million in net free cash flow (FCF) in Q3[5] Synergies and Efficiency - Cumulative synergies from the Suez merger reached €277 million, exceeding the initial target[5] - The company confirmed €500 million in total synergies[5] - Efficiency gains amounted to €284 million, approximately 80% of the year's target[5] Business Growth and Contracts - A new €2 billion waste contract was secured in Hong Kong over 20 years, treating 90MT of non-recyclable waste[5, 19] - Water Technologies achieved record bookings of €3.1 billion, a 20% increase compared to 2022[6, 24] Guidance and Leverage - Veolia fully confirmed its 2023 guidance, expecting EBITDA organic growth at the upper end of the +5%/+7% range[6] - The leverage ratio is now below 2.9x[6]