Results 1st quarter 2013

PR Newswire/Les Echos/ 
SUEZ ENVIRONNEMENT
TOUR CB21
16, PLACE DE L'IRIS
92040 PARIS LA DEFENSE CEDEX
TEL. +33 (0)1 58 81 23 23 
FAX. +33 (0)1 58 81 25 09 
WWW.SUEZ-ENVIRONNEMENT.COM 
PRESS RELEASE 
22 April 2013 
1st QUARTER 2013 
STABLE OPERATING PERFORMANCE IN A DIFFICULT ECONOMIC CONTEXT IN EUROPE 
* Revenue: down at EUR3 497m, -2.6%
* EBITDA: EUR570m, +0.8%
* EBITDA margin: 16.3%, up compared to Q1 2012 (15.8%) 
In MEUR            31 March 2012  31 March 2013  Gross   Organic  Change in 
                                             change  change    scope
Revenue                3,591          3,497      -2.6%    -2.6%      +0.2%
EBITDA                   566            570      +0.8%     0.0%      +0.5%
EBITDA/Revenue          15.8%          16.3% 
* For the 1st quarter of 2013, SUEZ ENVIRONNEMENT reported revenues down by
-2.6% at EUR3,497m, or stable excluding the impact of Melbourne plant
construction completion in December 2012. The Water Europe and International
divisions reported organic growth, respectively +3.4% and +5.0% (excluding the
Melbourne plant completion). The Waste Europe division is down by - 5.3% linked
to a reduction of the treated volumes. SUEZ ENVIRONNEMENT continues its
commercial development with the gain of contracts such as Merseyside (United
Kingdom), Poznań (Poland), Tours (France) in waste, Rhône Ventoux (France) in
water, or finally New Delhi (India). 
* EBITDA stands at EUR570m, up +0.8% or stable in organic terms. Despite a
difficult macro-economic context in Europe, the EBITDA margin stands at 16.3%,
improving versus Q1 2012. This operating performance confirms the relevance of
the strategic choices made by the Group, both in terms of business model and
cost reductions already achieved and further strengthened since the second half
of 2012. 
* The Group's net financial debt (NFD) stands at EUR7,616m. It includes negative
marked-to-market and forex effects. In Q1, the NFD/EBITDA ratio is in line with
the objective of around 3 times. 
* Commenting on the first quarter 2013 results, Jean-Louis Chaussade, Chief
Executive Officer, stated: "Our Group's performance remains good despite an
economic context that is particularly difficult in Europe in the beginning of
2013. This is the result, on one hand, of an optimized management of our assets
with a further rein forced cost control and, on the other hand, the relevance of
our strategic choices, with the development of four priorities axes for growth,
which are smart water, waste recovery, international development and industrial
water.
The Water Europe business has increased thanks to contract gains and renewals,
and the steady development of new business activity. International Division
maintains a dynamic growth in Asia and Australia. However, Waste Europe Division
has been affected by a decrease in treated volumes, a direct consequence of the
decline of industrial production in Europe.
SUEZ ENVIRONNEMENT pursues its target to improve its operational performance on
a constant basis, while preparing the Group for the future: the growth of the
Group is based on long-term drivers, highquality assets, and a clearly defined
development strategy." 
BREAKDOWN OF ACTIVITY AS AT END MARCH 2013 
Revenue 
In MEUR            31 March 2012(1) 31 March 2013  Gross   Organic  Change in 
                                               change  change    scope
Water Europe             1,008           1,041      +3.3%   +3.4%    -0.4%
Waste Europe             1,658           1,583      -4.6%   -5.3%    -0.1%
International              923(2)          870      -5.7%   -4.1%    -0.2%
Other(3)                     3               2        -        -       -
TOTAL                    3,591           3,497      -2.6%   -2.6%    +0.2% 
On March 31st, 2013, SUEZ ENVIRONNEMENT reported revenues of EUR3,497m, a gross
change of -2.6% (-EUR95m) overall compared with March 31st, 2012. This breaks
down as follows:o: 
* Organic variation of -2.6% (-EUR93m):
  - Revenue in the Water Europe division was up (+EUR34m, +3.4%) for both
Lyonnaise des Eaux and Agbar, benefiting from rising prices, and the development
of new business activities.
  - Revenue in the Waste Europe division was down (-EUR89m, -5.3%). It was
affected by a drop in the treated waste volumes and a fall of secondary raw
material prices.
  - Revenue in the International division was down (-EUR38m, -4.1%) but up +5.0%
excluding the impact of Melbourne plant construction completion in December
2012. 
* Scope effect of +0.2% (+EUR9m): 
  - Water Europe: -EUR4m
  - Waste Europe: +EUR15m
  - International: -EUR2m 
* Unfavourable exchange rate impact of -0.3% (-EUR11m), mainly due to the
depreciation of the Australian dollar (-EUR7m) and the pound sterling (-EUR4m)
against the euro. 
* In the first quarter of 2013, SUEZ ENVIRONNEMENT posted 30% of its revenue
outside Europe. 
* SUEZ ENVIRONNEMENT maintains its objectives(4). and remains fully mobilized to
achieve its 2013 guidance 
(1) Following the new management organisation, Water and Waste activities
located in Central Europe that were previously included in the International
division have been regrouped under the Water Europe and Waste Europe divisions.
USG, previously included in the International division is now under the Water
Europe division.
(2) Includes EUR84m of revenue for Melbourne desalination plant construction
contract, finalized in December 2012.
(3) R+i Alliance, HQ
(4) Assuming GDP growth of 0% in Europe in 2013, within a stable accounting and
tax framework and at constant exchange rates 
PERFORMANCE BY DIVISION  
WATER EUROPE
In MEUR              31 March 2012 31 March 2013  Gross   Organic  Change in 
                                            change  change    scope
Revenue                 1,008          1,041     +3.3%   +3.4%    -0.4% 
The Water Europe division posted organic growth of +3.4% (+ EUR34m). 
* Lyonnaise des Eaux grew organically by +4.3% (+EUR21m). 
In France, growth was driven by a positive price effect with the rise in price
indices, the development of the new businesses and the increase of works
activities. Volumes were down, in line with the expected trend. During Q1, the
Group won wastewater contracts of Douai (EUR73m, 11 years), Orange (EUR17m, 12
years) and Rhône Ventoux (EUR152m, 12 years for water and 8 years for
wastewater). 
* Agbar grew organically by +2.6% (+EUR13m).
Business is up, with favorable price impacts in Spain and Chile. However,
volumes are down in Chile, as a result of the historical levels of rainfall seen
in Q1 2013. Volumes are also down in Spain. Moreover, Agbar continues to develop
its technologies and services business, with contracts gains in Madrid or
Valencia. 
WASTE EUROPE 
In MEUR            31 March 2012 31 March 2013  Gross   Organic  Change in 
                                            change  change    scope
Revenue                 1,658           1,583   -4.6%    -5.3%    +0.9% 
During the 1st quarter of 2013, the Waste Europe division was down by -5.3%
(-EUR89m) in organic terms. It was affected first by a negative volume effect
result of a particularly difficult macro-economic environment, adverse weather
conditions, and a negative "working days" effect, as well as by a negative
commodities price effect. 
* SITA France posted an organic variation of -6.3% (-EUR57m).
This reduction came essentially from the sorting and recycling business, with
the fall in secondary raw material prices. Services and other treatment
activities were also down. During the quarter, SITA won collection contracts of
Reims (EUR5m, 3 years) and Dreux (EUR12m, 6 years) and renewed the contract of
Tours (EUR20m, 4 years), 
* The United Kingdom/Scandinavia zone grew organically by +1.3% (+EUR4m).
In the UK, treatment activities were up thanks to the optimization of Newcastle
EfW plant. Moreover, the construction of energy from waste units in Suffolk and
South Tyne & Wear (PFI contracts(5)) is on schedule; they will be operational in
2014. Elimination is also up, benefiting from a positive price effect with
landfill tax rise. SITA UK has signed the treatment contract of Durham (EUR130m,
8 years) and the Cornwall revision contract (EUR1.4 billion, 30 years). SITA UK
has also just been selected as the preferred bidder for a 30-year contract worth
1.4 billion from the Merseyside Recycling and Waste Authority in the UK. 
* The Benelux/Germany zone posted an organic variation of -9.7% (-EUR39m).
This slowdown essentially came from Services affected by lower volumes. Sorting
and recycling is also down, due to negative price and volume effects. However,
the energy recovery business was up thanks to strong volumes. In Belgium, SITA
was awarded municipal contracts in Schaerbeek and Stad Turnhout, and industrial
contracts with Total and Goodyear. 
* The Central Europe zone reported organic growth of +6.2% (+EUR3m).
Growth came from Services in Poland and the Czech Republic, which account for
the main part of revenue in this zone. During the quarter, SITA signed the
construction and operation contract for an energy from waste plant in Poznań,
the largest tender for a public-private partnership ever made in Poland
(EUR850m, 25 years). 
(5) Private Finance Initiative 
In MEUR            31 March 2012 31 March 2013  Gross   Organic  Change in 
                                            change  change    scope
Revenue                   923           870     -5.7%    -4.1%    -0.2% 
The International division was organically down by -4.1% (-EUR38m) or +5.0%
excluding the impact of the completion of the construction of Melbourne plant. 
* Asia-Pacific posted organic growth of +8,0% (+EUR24m) sustained by growth in
Australia thanks to positive price effects in the waste business , and in China,
in both activities with strong growth in volumes. In China, the Group won two
management and development contracts for three waste transfer stations in Hong
Kong (EUR220m, 10 years). 
* Africa/Middle East experienced an organic slowdown of -2.8% (-EUR4m). 
This downturn came mainly from a decline in volumes in Morocco following adverse
weather conditions. 
* North America posted organic growth of +0.1%.
The regulated activities of United Water benefited from price increases obtained
in particular in New York and Idaho. However, the business was impacted by lower
volumes. Non-regulated activities remain stable. 
* Degrémont posted growth of +8.5%, excluding the impact of the Melbourne
contract completed in December 2012. This growth comes from the development of
the industrial client basis and from municipal activities in Middle East, India
and Australia. Over the quarter, Degrémont signed notably two contracts in
India for the design, construction and operation of wastewater treatment plants
(EUR41m), and four wastewater treatment renovation contracts in Africa (EUR40m),
which demonstrates dynamic business activity. 
NEXT COMMUNICATIONS  
* 23 May 2013: Annual General Meeting of Shareholders
* 30 May 2013: Payment of dividend of EUR0.65 per share
* 31 July 2013: Publication of 2013 half-year results (Telephone conference) 
APPENDIX 
Geographical breakdown of revenue 
Revenue              31/03/2012           31/03/2013       Total change  
                MEUR   % of total  MEUR   % of total  MEUR         %
Europe             2,481       69.1%   2,437      69.7%    -43       -1.7%
France             1,273       35.4%   1,268      36.3%     -5       -0.4%
Spain                335        9.3%     346       9.9%     11       +3.3%
United Kingdom       202        5.6%     214       6.1%     12       +6.1%
Other Europe         671       18.7%     609      17.4%    -62       -9.2%
North America        196        5.5%     187       5.4%     -9       -4.5%
Australia            308        8.6%     239       6.8%    -70      -22.6%
Sub-total          2,985       83.1%   2,863      81.9%   -122       -4.1%
Rest of world        606       16.9%     634      18.1%     28       +4.6%
TOTAL              3,591      100.0%   3,497     100.0%    -94       -2.6% 
SUEZ ENVIRONNEMENT
Natural resources are not infinite. SUEZ ENVIRONNEMENT (Paris: SEV, Brussels:
SEVB) and its subsidiaries deal with the challenge of protecting resources by
providing innovative solutions to millions of people and the industrial sector.
SUEZ ENVIRONNEMENT supplies drinking water to 97m people, provides waste water
treatment services for 66m people, and collects the waste produced by 50m
people. SUEZ ENVIRONNEMENT has 79,549 employees and, with its presence on five
continents, is a world leader exclusively dedicated to water and waste
management services. In 2012, SUEZ ENVIRONNEMENT, a subsidiary 35.7% owned by
GDF SUEZ, posted revenues of EUR15.1 billion. 
Press contact:          Analysts/Investors contact:  
Tel: +33 1 58 81 23 23  Tel: + 33 1 58 81 24 95 
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This document includes unaudited financial data. The aggregates shown are those
customarily used and communicated to the markets by SUEZ ENVIRONNEMENT.
"This communication includes forward-looking information and statements. This
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-0- Apr/22/2013 08:12 GMT