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Investor Presentaiton

Conclusion: our sustainable competitive advantage eurofins Best in class technology and quality give best brand protection N° 1 or 2 worldwide in most business lines Operating in more than 50 countries State-of-the-art laboratory infrastructure High switching costs for clients Good cash flow visibility Experienced multi-national leadership High-growth, non-cyclical markets driven by secular mega- trends Advancing globalisation but with very few global testing suppliers Fragmented competition & opportunities for consolidation Very recurring business; 5% - 12% typical historic organic growth for the last 20 years High barriers to entry • Track record of profitable growth - Strong ROCE and cash flow generation potential • . • ROCE* of 15.9% and ROE** of 26.7% in 2020 despite significant future-orientated investments and one-off restructuring costs. ROCE* excluding goodwill of 51.3% 5-year CAGR (FY 2015 - FY 2020): Revenues 23%, Net Operating Cash Flow 33% Large potential to roll out business model in fast growing economies Following past intense investment cycles Eurofins' network of laboratories is well positioned for the Group to achieve its objectives whilst gaining and maintaining leadership in multiple markets and improving profitability *ROCE = Adjusted EBITAS/Average Capital Employed over previous 4 quarters **ROE = Net Profit/Equity (excl. Hybrid) at the beginning of the year 87
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