A Series of Commercial Successes for Veolia’s Waste Recycling & Recovery Business in France

Regulatory News:

Veolia Environnement (Paris:VIE):

A cumulative EUR 282 million worth of contracts was won by the Waste Recycling & Recovery business in France in the 2nd quarter of 2015 alone, of which EUR 122 million for new contracts. These commercial successes further enhance its position as a reference producer of recycled raw materials and green energy, and consolidate its hold on its historic waste collection business.

Numerous local authorities have renewed their trust in the company. More specifically, several major contracts were renewed in France for the waste collection business, an integral part of Veolia’s strategy for producing recycled raw materials and green energy. These included a seven-year contract with Greater Limoges for EUR 49 million, a five-year contract with SIDMA Cœur Pays d’Auge for EUR 24 million, a five-year contract with Greater Quimper for EUR 12 million and a three-year contract with the Eure joint association for the study and treatment of household waste for EUR 6 million. All these contracts come into effect in 2015.

Veolia’s growth as a reference producer of recycled raw materials and green energy in France has been confirmed with the awarding, by Greater Rochefort, of a 12-year contract worth EUR 105 million to operate the waste-to-energy plant in Echillais, southwestern France. It is the only waste-to-energy plant created in France in 2015. Scheduled to open in the second half of 2017, it will supply 25 GWh of low heat to the French Air Force’s Rochefort - Saint-Agnant Air Base (BA 721), and will also generate 28 GWh of electricity that will be sold to the national grid operator EDF.

Additionally, the Haute-Marne departmental association for the disposal of household waste has opted to extend the delegated public service contract signed with the Company for the operation of the Chaumont waste-to-energy plant, for a total amount of EUR 40 million. This five-year extension of the contract from 2018 to 2023 is part of an additional investment to improve the performance of the waste-to-energy facility and lift its annual output from 21 to 47 GWh of heat, used by the local district heating network, while continuing to generate a substantial amount of electricity.

In terms of innovative services around material recovery, Veolia will also build and operate a Recycl’Inn® waste drop-off center on behalf of Cergy-Pontoise, in the Paris region, within the context of its delegated public service contract. The new-generation Recycl’Inn® sorting area has been designed to improve user comfort and encourage improved waste sorting, with, in particular, a hazardous household waste bay and a Recy’shop for reusable/recyclable waste.

"The renewal of these contracts is evidence of the trust our customers have in our teams. Each renewal is an opportunity to present new innovations to our customers, and services that match their new expectations through our local organizational structures,” explains Bernard Harambillet, Chief Executive Officer Waste Solutions for Veolia in France France.

For Antoine Frérot, Chairman and Chief Executive Officer of Veolia, these results show that the company’s strategic transformation is starting to pay off: "Winning these contracts and the Company’s growth on new thriving markets are clear evidence that our customers find in Veolia the reference partner that provides them with new solutions for the production of renewable energies, materials recovery and innovative services. Our Company has therefore demonstrated its ability to turn the waste of some into resources for others, by encouraging the implementation of a circular economy from waste collection to treatment and materials recovery.”

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Veolia group is the global leader in optimized resource management. With over 179,000 employees* worldwide, the Group designs and provides water, waste and energy management solutions that contribute to the sustainable development of communities and industries. Through its three complementary business activities, Veolia helps to develop access to resources, preserve available resources, and to replenish them.
In 2014, the Veolia group supplied 96 million people with drinking water and 60 million people with wastewater service, produced 52 million megawatt hours of energy and converted 31 million metric tons of waste into new materials and energy. Veolia Environnement (listed on Paris Euronext: VIE) recorded consolidated revenue of €24.4 billion* in 2014. www.veolia.com
(*) 2014 pro-forma figures, including Dalkia International (100%) and excluding Dalkia France.

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