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Investor Presentaiton

Solid signalling market growth with accelerating modal shift as key market driver ~15 bn€1 ERTMS3 ROLL-OUT ACCELERATING IN EUROPE STRONG SIGNALLING +~4% MARKET GROWTH CAGR² 30 Bn€ signalling German roll-out in the coming years Market boosted by infrastructure plans & ERTMS3 roll-out acceleration 13 Bn€ signalling Italy ERTMS roll-out framework attributed Already materializing in orders → Signalling key to increasing capacity on existing lines → Enabling modal-shift acceleration towards rail + FRANCE rail plan (100bn€ for entire plan, signalling share not yet known) >20% high-speed capacity (Paris-Lyon ERTMS Level 2 and then Hybrid L3) TGV >25% metro capacity (Shangai L3/L4, Fluence delivered by CASCO Joint venture) & OUTSIDE EUROPE (*) (•) C Canada Mexico (Toronto) (Tren Maya) Australia (New South Wales) India (Delhi- Meerut) Philippines Tanzania (NSRC) Turkey (BBYO) © 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 third parties, without express written authorisation, is strictly prohibited. Source: UNIFE market study (Alstom Addressable market excl. Japan & China) 1- 2022-2024 2- CAGR 2019-2021 to 2025-2027 3. ERTMS: European Rail Traffic Management System ALSTOM 36
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