“Our turnover growth, with Ebitda up 7.7% this year, is being driven by the buoyant rail transport market in our home countries and by our sustained efforts to improve our operating efficiency. The robustness of our financial results reflects the relevance of our strategy.” Arnaud Jeudy Chief Finance and Administration Officer 2023 Financial results CONSOLIDATED INCOME STATEMENT (in millions of euros) 2023 2022 2021 Consolidated revenue 1,071.6 901.8 753.7 Operating expenses –973.3 –825.5 –686.1 Operating margin 98.3 76.2 67.6 Amortisation, depreciation, provisions –46.8 –36.6 –42.3 and other operating income and expenses Operating profit 51.5 39.7 25.3 Net financial result –10.6 –8.6 –4.2 Share of profit (loss) of associates 0.3 –0.1 –0.0 Income tax expenses –27.8 –16.8 –15.3 PROFIT FOR THE YEAR 13.4 14.1 5.8 Attributable to non-controlling interests –0.2 0.2 0.0 Attributable to owners of the parent 13.5 13.9 5.8 EBITDA(1) 82.8 56.6 39.4 Percentage of consolidated revenue 7.7% 6.3% 5.2% CONSOLIDATED BALANCE SHEET (in millions of euros) 2023 2022 2021 Intangible, tangible assets and goodwill 407.0 272.6 255.2 Other non-current assets 19.5 18.2 18.9 Deferred tax assets 16.4 13.6 19.7 Total non-current assets 443.0 304.3 293.8 Operating receivables and other current assets 623.9 568.9 454.7 Cash and cash equivalent 81.5 76.0 71.7 Total current assets 705.4 644.9 526.4 TOTAL ASSETS 1,148.3 949.2 820.2 Equity attributable to owners of the parent 250.5 252.1 215.9 Non-controlling interests 0.4 0.5 0.7 Total equity 250.8 252.6 216.6 Long-term provisions 33.8 24.9 49.2 Non-current financial liabilities 218.3 119.1 123.2 Deferred tax liabilities 8.6 2.4 1.3 Total non-current liabilities 260.7 146.3 173.7 Short-term provisions 13.1 8.1 5.4 Operating payables and other current liabilities 525.3 425.7 305.1 Current financial liabilities 98.3 116.5 119.2 Total current liabilities 636.8 550.3 429.8 TOTAL EQUITY AND LIABILITIES 1,148.3 949.2 820.2 (1) Managerial control indicator. 2023 Activity Report 43