Sogeclair S.A.

Investor Presentation • Mar 12, 2025

2024 RESULTS

TIMELINE

2024 ACHIEVEMENTS

FINANCIAL	> INCREASE OF GROUP TURNOVER OF 6,1% TO 157€M > STRONG DECREASING OF THE DEBT TO -73% (-8,9€M)
HUMAN RESOURCES	> CHOICE OF A NEW GOVERNANCE (CHAIRMAN + CEO) FOR 2025 > RECRUITMENT OF A HEAD OF DIGITAL TRANSFORMATION AND CREATION OF A TEAM > INTERNAL PROMOTION OF A GROUP HUMAN RESOURCES DIRECTOR > CREATION OF A TRAINING DATABASE → SOGECLAIR ACADEMY
OPERATIONS STRUCTURATION	> DEPLOYMENT OF A DIGITAL TRANSFORMATION PLAN > IMPROVEMENT IN THE SITUATION OF LARGE SIMULATORS > CORRECTIVE ACTION PLAN DRAWN UP FOR RAIL SIMULATION BUSINESS > MAINTAIN ON-TIME DELIVERY AND ON-QUALITY DELIVERY >95% ON THERMOPLASTIC ACTIVITY IN COMMERCIAL AVIATION > DGAAWARDS SOUVIM MCO CONTRACT TO SERA
INTERNE ET CROISSANCE CYBER / CSR	> OBTENTION OF THE QUALIFICATION GOLD AIR CYBER OF BOOST-AEROSPACE > PRODUCTION OF THE SECOND CARBON FOOTPRINT INCLUDING SUBSIDIARIES' LARGEST PRODUCTION SITES (SCOPE 1-2 AND 3) AND COVERING 69% OF TURNOVER

KEY FIGURES

2024 TURNOVER: €157,0M IN GROWTH BY 6,1%

NET RESULT at 3,9% of turnover

© Sogeclair 2024 – All rights reserved – CONFIDENTIAL

KEY FIGURES

FINANCIAL DEBT AND GEARING

TO NOTE

• END OF COVID DEBT REPAYMENT: -1.6 €M

• WCR IMPROVING AT 79 DAYS: -2,4 €M

• UNMOBILIZED CUSTOMER: 41,2 €M

• INVESTMENTS: 4,0 €M

• DIVIDENDS: 3,4 M€

• GEARING AT 18,13% IMPROVED BY 17,8 POINTS

€ millions	2024	Gearing	2023	Gearing
Total Shareholders' equity	64,0	-	62,3
Bank debt (w/o IFRS16)	22,0	-	26,0
Qualified pre-payments	0,8	-	1,2
Cash available	19,5	-	16,7
Net debt (w/o IFRS16)	3,3	5,17%	10,6	16,98%
Defferal of social debts	0,0	-	1,6
Net debt (w/o IFRS16, incl. Social debts)	3,3	5,21%	12,2	19,53%
IFRS 16	8,3	-	10,2
Total restated net debt	11,6	18,13%	22,4	35,88%

Any differences are due to rounding

IN SYNTHESIS

2024 ACCOUNTS

In €K	2024	2023	Variation 2024-2023
Turnover	157 021	148 041	8 980 +
EBITDA	16 558	16 664	- 106
Operating Income	076 7	6 884	192 +
Result Net	6 113	4 710	1 403 +
Total restated debt net	11 603	22 354	- 10 751
(w/o debts) debt incl Social Net IFRS16 ,	3 333	12 171	- 8 838

TURNOVER

TURNOVER GROWTH IS REALIZED BY PRODUCTS. THE CONSEIL BU IS NOW INTEGRATED INTO THE PERIMETER OF THE ENGINEERING BU.

BY CUSTOMER

TURNOVER WITH AIRBUS AND DASSAULT GROUPS ARE INCREASING IN VALUE BUT DECREASING IN THE TOTAL PERCENTAGE, WHICH IS SHOWING A BETTER CUSTOMER DIVERSITY.

BY GEOGRAPHICAL AREA OF OUR CUSTOMERS

OUR MAIN AREAS ARE GROWING SLIGHTLY OR ARE STABLE. NORTH AMERICA AREA HAS RISEN SHARPLY IN PERCENTAGE AND IN VALUE.

7

BY SECTOR

SOGECLAIR / 2024 RESULTS / 12/03/2025 © Sogeclair 2024 – All rights reserved – CONFIDENTIAL THE BUSINESS AVIATION HAS RISEN SHARPLY AND IS THE GROUP'S GROWTH DRIVER. COMMERCIAL AVIATION HAS A MODERATE GROWTH WHEREAS THE WEIGHT OF DEFENSE INCREASE SIGNIFICANTLY IN THE GROUP.

SOGECLAIR TURNOVER AND RESULTS BY GEOGRAPHIC AREA

America
millions €	2024	2023
Turnover	40 836	33 396
EBITDA	444 5	2 558
Operating Income	3 969	947

/ Africa Europe
millions €	2024	2023
Turnover	062 111	108 453
EBITDA	9 210	11 775
Operating Income	4 671	6 196

• IMPROVEMENT OF ENGINEERING PERFORMANCE > DETERIORATION OF PROFITABILITY OF RAIL SIMULATION RECOVERY PLAN UNDERWAY > TRANSVERSAL INVESTMENTS IN DIGITAL TRANSFORMATION WITH THE APPOINTMENT OF A CTO

• € millions 2024 2023Turnover 5 117 6 186EBITDA -946 1 105Operating Income -1 816 292

Asia Pacific

• APPOINTMENT OF AN AREA MANAGER FOR AMERICA

• CONTINUED GROWTH, BOTH IN TERMS OF VOLUMES AND PROFITABILITY

• IMPROVEMENT OF AIRCRAFT INTERIORS ACTIVITIES (ON-TIME DELIVERY / ON-QUALITY DELIVERY)

• APPOINTMENT OF AN AREA MANAGER FOR ASIA PACIFIC

• +17,9% > INVESTMENTS IN INDIA TO IMPROVE TEAM SKILLS

• COSTS REDUCTIONS IN AUSTRALIA

Differences are due to rounding.

The holding company generated EBITDA of +2.9€M and operating income of +0.3€M, increasing respectively of +1,6€M and of +0,8€M

SOGECLAIR / 2024 RESULTS / 12/03/2025 © Sogeclair 2024 – All rights reserved – CONFIDENTIAL

FOCUS ACTIVITY CABIN INTERIORS (37€M of turnover)

SOGECLAIR / 2024 RESULTS / 12/03/2025 © Sogeclair 2024 – All rights reserved – CONFIDENTIAL

9

CABIN INTERIORS: END-TO-END OFFER – LINEFIT AND RETROFIT

BU ENGINEERING		BU SOLUTIONS
Preliminary DesignSupport	Detail Design (Cabinets, System and Layouts)	Mechanical Components Design and Testing	Manufacturing Monuments and Parts	Service Bulletin & Certification Support
Concept &Rendering Mockup	3D Drawing	A220 CockpitTable SideledgePlug-In	Bulkheads Cabinets	Certification
	Layouts	Hi-Loconference table		• TCCA DAO - OccupantSafety • Structure • Flammability • Electrics • Avionics • ManufacturerApproval *Futur projects

SOGECLAIR can design or integrate almost any aircraft interior element from cradle to grave.

FOCUS DEFENSE ACTIVITY

(8,8€M of turnover)

© Sogeclair 2024 – All rights reserved – CONFIDENTIAL

11 SOGECLAIR / 2024 RESULTS / 12/03/2025

DESIGN, MANUFACTURE, ASSEMBLY, MAINTENANCE AND MODIFICATION OF COMPLEX ROLLING SYSTEMS

Civil, industrial/agricultural or defense applications throughout the product life cycle.

Our defense expertise

Counter-mining systems

Remotely operated ground vehicles

Vehicle modification and integration

Engineering and simulation

PERSPECTIVES

2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Under the new governance of Alexandre Robardey, Chairman of the Board, and Philippe Brel, CEO, SOGECLAIR is confident of continued profitable growth in 2025. The Engineering BU will be able to draw on a solid outlook for 2025 resulting from its strong sales momentum and expects to continue gaining share in the buoyant business aviation market.

The Solutions BU will continue to implement its turnaround plan initiated in 2024. The strengthening of our sales teams enabled us to develop our sales pipeline last year and should bear fruit in 2025. Synergies between our simulation expertise should also enable us to control project costs and make better use of our R&D plans.

The Group will continue to roll out its digital transformation plan over the course of 2025, which will support teams on a day-to-day basis by facilitating the execution of certain tasks and will also enable better talent capture.

Innovation, the company's DNA, is being strengthened with the installation of an additive manufacturing plant (metal powders) at our Toulouse site, for applications of innovative solutions, during 2025.

At the same time, SOGECLAIR has been committed since 2023 to implementing a Corporate Social Responsibility (CSR) approach that involves all its teams. The new carbon footprint for our largest production sites will be published in our next Extra-Financial Report in April 2025.

Similarly, our increased presence at the international aerospace show (Paris Air Show, June 16-22) will enable us to showcase our expertise and innovations to existing and prospective customers.

TURNOVER

THEY TRUST US

NOS VALEURS OUR VALUES

CONFIDENCE AND TEAM SPIRIT

PERFORMANCE AND INNOVATION

RESPONSABILITY AND COMMITMENT

FAIRNESS AND ETHICS IN BUSINESS

SOGECLAIR SA

APPENDIX

APPENDIX 1 : CONSOLIDATED INCOME STATEMENT

INCOME STATEMENT (in €K)		2023	Var 2023
	2024		2024
Turnover	157 021	148 041	6 1% ,
Other operating income	7 493	7 657	-2 1% ,
Purchases consumed and production stocked	-67 978	-68 084	-0 2% ,
Employee expenses	-78 176	-69 278	12 8% ,
and duties Taxes	-998	-1 232	-19 0% ,
and depreciation charges Amortisation	-9 089	-9 489	-4 2% ,
Other expenses	-805	-440	82 9% ,
result Current Operating	7 468	7 175	4 1% ,
(1.1) Profit disposal of fixed assets on	-6 304	-151	4072 3% ,
(1.2) Exceptional reversals	7 594	0	-
Exceptional depreciations	-47	0	-
(1.3) Other and operating income current expenses	-1 632	-152	2% 975 ,
result before from method affiliates Operating income equity	7 079	6 873	3 0% ,
result Operating	7 076	6 884	2 8% ,
from cash and cash equivalents Income	610	-490	-224 6% ,
of financial debt Cost gross	-1 242	-1 062	16 9% ,
of financial debt Cost net	-632	-1 552	-59 3% ,
Other financial and incomes expenses	160	308	-48 1% ,
Profit before taxes	6 604	5 640	17 1% ,
Income tax	-491	-930	-47 2% ,
Consolidated profit net	6 113	4 710	29 8% ,
Attributable share Group to	4 425	3 100	42 8% ,
Attributable Non-controlling interests to	1 688	1 610	4 9% ,

(1) LIQUIDATION OF GERMAN SUBSIDIARY CLOSED IN 2020, FINALIZED IN 2024: NO IMPACT IN THE INCOME STATEMENT.
THE DEFINITIVE DISPOSAL OF SECURITIES, CURRENT ACCOUNTS AND TRADE RECEIVABLE IMPACTS THE FOLLOWING LINES FOR:
(1.1) PROFIT ON DISPOSAL OF FIXED ASSETS: -6 069 €K
(1.2) EXCEPTIONAL REVERSALS: +7 594 €K
(1.3) OTHER CURRENT OPERATING INCOME AND EXPENSES: -1 525 €K

18 SOGECLAIR / 2024 RESULTS / 12/03/2025 © Sogeclair 2024 – All rights reserved – CONFIDENTIAL

APPENDIX 2: CONSOLIDATED BALANCE SHEET - ASSETS

(in K€) ASSETS	2024	2023
Goodwill	12 870	13 242
intangible Net assets	10 038	11 004
tangible Net assets	10 805	12 253
and Investments in associates joint ventures	219	170
Financial assets	3 008	3 050
Deferred tax assets	8 331	7 514
Non-current assets	45 269	47 232
Inventories	15 651	16 119
Trade receivables	49 583	51 909
Other receivables	21 834	24 485
Cash and cash equivalents	20 395	18 898
Current assets	107 464	410 111
TOTAL ASSETS	152 733	158 642

APPENDIX 3: CONSOLIDATED BALANCE SHEET - LIABILITIES

(in K€) LIABILITIES	2024	2023
Share capital	3 205	3 205
Share premium	8 924	8 924
shares Own	-959	-978
and accrued profits Reserves	37 818	37 342
share Group	48 988	48 493
Non-controlling interests	15 012	13 812
Total Shareholders' equity	64 000	62 305
provisions Non-current	3 815	3 164
qualified Non current pre-payments	84	501
Other financial liabilities	20 976	26 189
Other debt current non	0	0
Other liabilities	236	241
Deferred taxes	0	0
liabilities Non current	25 111	30 095
qualified Current pre-payments	716	681
of financial liabilities Current part non-current	9 339	10 080
Other financial liabilities	860	2 215
provisions Current	280	116
Trade payables	16 271	19 000
Social and liabilities tax	23 266	23 191
Other liabilities current	12 875	10 940
liabilities Current	63 622	66 242
TOTAL EQUITY LIABILITIES	152 733	158 642

APPENDIX 4: CONSOLIDATED ANALYSIS BY GEOGRAPHIC AREA

	Europe Africa	America	Asia-Pacific	Holding	GROUP
by Geographical (in K€) INCOME STATEMENT Area	2024	2024	2024	2024	2024
Turnover	111 062	40 836	5 117	7	157 021
Other operating income	6 369	950	156	18	493 7
Purchases consumed and production stocked	-47 014	-14 691	-2 582	-3 690	-67 978
Employee expenses	-50 568	-18 699	-4 573	-4 336	-78 176
and duties Taxes	-903	0	0	-95	-998
and depreciation charges Amortisation	-5 010	-1 410	-717	-1 953	-9 089
Other expenses	-9 735	-2 952	937	10 945	-805
result Current Operating	4 200	4 034	-1 663	897	468 7
Profit disposal of fixed assets on	-213	- 2	0	-6 089	-6 304
Exceptional reversals	1 224	0	0	6 371	7 594
Exceptional depreciations	0	-47	0	0	-47
Other and operating income current expenses	-536	-16	-153	-928	-1 632
result before from method affiliates Operating income equity	4 674	3 969	-1 816	251	7 079
profit/(loss) Share of from and associates joint net ventures	- 3	0	0	0	- 3
Operating result	4 671	3 969	-1 816	251	7 076

WITHIN THE ONE SOGECLAIR ORGANIZATION, THE PERFORMANCE MEASURED ABOVE CORRESPONDS TO THE LOCATION OF OUR SUBSIDIARIES BY GEOGRAPHIC AREA.

APPENDIX 5: CONSOLIDATED ANALYSIS BY SECTOR

(in K€) by INCOME STATEMENT Sector	2024 Engineering	2024 Solutions	2024 Holding	2024 GROUP
Turnover	76 422	80 592	7	021 157
Other operating income	803 1	672 5	18	493 7
Purchases consumed and production stocked	-27 030	-37 257	-3 690	-67 978
Employee expenses	-39 931	-33 909	-4 336	-78 176
and duties Taxes	-455	-448	-95	-998
and depreciation charges Amortisation	-1 056	-6 081	-1 953	-9 089
Other expenses	-5 348	-6 402	10 945	-805
Operating result Current	4 404	2 167	897	7 468
Profit disposal of fixed assets on	- 9	-206	-6 089	-6 304
of Reversal extraordinary depreciations	1 184	39	6 371	7 594
Extraordinary depreciations		-47		-47
Other and operating income current expenses	-1 196	492	-928	-1 632
result before from method affiliates Operating income equity	383 4	2 445	251	079 7
profit/(loss) Share of from and associates joint net ventures		- 3		- 3
result Operating	4 383	2 441	251	076 7

ANNEXE 6 : TABLEAU DE FLUX DE TRÉSORERIE

(in K€) CONSOLIDATED CASHFLOW STATEMENT	2024	2023
Consolidated profit (including interests) minority net	6 113	4 710
(3) +/- and (excluding assets) Depreciation, amortisation provisions current	3 355	8 593
-/+ Unrealised gains and losses related fair value to movements	-60	-39
+/- and expenses related stock options and employee benefits Income to	46	69
(4) -/+ Profit / loss on disposal of and others assets	4 951	306
-/+ Dilution profits and losses	-455	-88
+/- profit/(loss) Share of from and associates joint net ventures	3	-11
(2) / (5) +/- Other products without impact treasury	-1 415	-3 246
Cash flow from operations after of financial debt and cost net tax	12 538	10 294
(1) (excluding items) + Cost of financial debt non-cash net	994	1 086
+/- expense (including deferred tax) Tax	491	930
Self-financing before finance and (A) capacity net costs tax	14 023	12 311
paid (B) - Tax	629	-2 885
+/- working capital (C ) Variation in requirements	2 386	-3 813
(D) = (A + C) CASH FLOW FROM OPERATING ACTIVITIES = NET + B	038 17	613 5
(2) - Acquisition-related disbursements on tangible and intangible assets	-1 743	-1 686
+ Disposal-related proceeds on tangible and intangible assets	112	316
+/- of of cash acquired Acquisition companies, net	-102
received + Interest	88
+/- loans and advances granted Variation in	-184	-127
received + Investment grants	114
(E) = NET CASH FLOW FROM INVESTING ACTIVITIES	-1 715	-1 497
received from shareholders for capital + Sums increase
-/+ Buyback and sale of own shares	20	-233
- Dividends and dividends paid interim	-3 370	-3 021
- paid the company shareholders to parent	-2 869	-2 748
- paid the integrated company minority interests to	-501	-273
loans + Increase in	2 399	12 906
of borrowings and lease liabilities - Repayment	-10 580	-11 596
finance (including lease liabilities) - Net costs	-977	-1 444
-/+ Other financial costs	- 4	4
(F) CASHFLOWS FROM FINANCING CAPITAL ACTIVITIES = NET AND	-12 511	-3 384
+/- of foreign (G) Impact changes in exchange on cash and cash equivalents rates	37	-25
(D + G) = NET CHANGE IN CASH AND CASH EQUIVALENTS + E + F	2 849	706

(1) COST OF NET FINANCIAL DEBT = COST OF GROSS FINANCIAL DEBT + NET INCOME FROM SHORT TERM INVESTMENTS.

(2) IMPACT OF RESTATEMENT OF CAPITALIZED PRODUCTION, NO CASH IMPACT.

LIQUIDATION OF GERMAN SUBSIDIARY CLOSED IN 2020, FINALIZED IN 2024.

NO IMPACT IN THE INCOME STATEMENT. THE DEFINITIVE DISPOSAL OF SECURITIES, CURRENT ACCOUNTS AND TRADE RECEIVABLE IMPACTS THE FOLLOWING LINES FOR:

(3) INCLUDING REVERSAL OF PROVISIONS (-6 069 €K)

(4) INCLUDING DISPOSAL OF SECURITIES (+4 772 €K)

(5) INCLUDING CLOSING OF CURRENT ACCOUNTS (+1 297 €K)

23 SOGECLAIR / 2024 RESULTS / 12/03/2025 © Sogeclair 2024 – All rights reserved – CONFIDENTIAL

PHONE NUMBER +33 (0)5 61 71 70 00

SOGECLAIR 7 avenue Albert Durand CS 20069 – 31703 Blagnac Cedex France

24 SOGECLAIR / 2024 RESULTS / 12/03/2025

© Sogeclair 2024 – All rights reserved – CONFIDENTIAL