Investor Presentaiton

Service franchise with strong predictability and high-single digit growth SERVICES BUSINESS PROFILE FY2022/23: Backlog 30.7bn€ Orders 6.4bn€ Sales 3.8bn€ Contracts: . Long contracts up to 30 years Indexation as general rule Short-cycle business (parts) Cash: Limited mobilisation payments (depots, capital spares) . Positive working capital BUSINESS DEVELOPMENT LEVERS OPERATIONAL LEVERS PROFITABILITY IMPROVEMENT LEVERS Bundle offers Small orders management TSSSA opportunities focus Harvesting installed base Improvement of Client Total Cost of Ownership Local Footprint Improvement of fleet availability and reliability Low R&D needs Scale effect on Data management ACHIEVED MID-TEENS PROFITABILITY WITH LARGE GROWTH POTENTIAL © ALSTOM SA 2023. All rights reserved. Information contained in this document is indicative only. No representation or warranty is given or should be relied on that it is complete or correct or will apply to any particular project. This will depend on the technical and commercial circumstances. It is provided without liability and is subject to change without notice. Reproduction, use, alter or disclosure to third parties, without express written authorisation, is strictly prohibited. HEADWINDS MONITORING RESOURCES AVAILABILITY To support growth SUPPLIERS PERFORMANCE Localisation, resources availability and on-time performance ALSTOM 34

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