SGS S.A.

Good morning and welcome to the SGS Third Quarter 2026 Sales Update. I'm here with Geraldine Picaud, our CEO, and Marta Vlatchkova, our CFO. Please note that this call is being recorded and will be available for replay on the SGS website. Throughout today's presentation, all participants will be in listen-only mode The presentation will be followed by a Q&A session, and you can register for questions at any time by pressing star 1 on your keypad. I would now like to turn the conference over to Geraldine Picaud, CEO of SGS.

Thank you, Ariel. And good morning, ladies and gentlemen. Welcome to this conference call about our Q3 sales. As usual, I will drive you through the highlights of the quarter, and then I will hand over to Marta for more detailed information about the sales. So, let's start. Our Q3 sales are very close to 2 billion Swiss francs, a global increase of nearly 15% compared to Q3 2025. We are very happy with this record number, which demonstrates that SGS is in the right position to capture the growth opportunities. This excellent total growth results from a strong organic growth of 5.7%, combined with a scope effect of 6.9%, mainly attributable to ATS, further helped by a positive foreign exchange amounting to 2% over the quarter. The first two drivers we have identified in our Strategy 27, Digital Trust and Sustainability, have confirmed their role of growth engines. You will see that we have achieved a major step with the acquisition of Prescient. This deal gives us access, in particular, to the high-growth market in the U.S. of the SOC2 certification, which guarantees the security of the company's IT systems. Other Bolton acquisitions also significantly contribute to the growth. We have signed four more deals since last time we met in July for H1 results. Finally, well, we are well on track with our guidance and I'm happy to confirm our initial outlook for the full year. Now, some recent updates about Digital Trust and ImpactNow. Starting with Digital Trust, I already mentioned the acquisition of Prescient Security, which reinforces significantly our position on the cybersecurity market for companies. And I will give you more insight on Prescient in a minute. The acquisition of Netcentrace is also an achievement in the same area. Netcentrace provides security assessment and cyber risk management services. And now talking about our organic business, Brightside, that you know well, is about to become a notified body under the European Union Cyber Resilience Act. This regulation dictates manufacturers to demonstrate the compliance of their connected products across the lifecycle with mandatory cybersecurity requirements. We are also very proud to have issued the first internationally recognized cybersecurity certification of a medical software, a laser ophthalmoscope. One impact now for sustainability now, we also registered a lot of successes, actually. More specifically, for instance, we have captured opportunities coming from new regulations implemented in Europe. We achieved accreditation for the CBAM and already signed contracts. New regulation about packaging and waste has become applicable in August, creating a sustained multi-year pipeline for growth. Finally, we have secured our first clients and a growing demand arising from the regulation around deforestation and the sustainable biomass program. So now let me share some insights on Prussian security. Prussian Security is a leading provider of cybersecurity and digital compliance services in North America. This acquisition is an important step in expanding our digital trust offering for enterprises and strengthening our position in this attractive and fast-growing market. Prussian Security is accredited to deliver SOC 2 attestation services which are becoming a business requirement for technology companies and their customers in demonstrating robust controls around security, reliability of their systems, and protection of customer data. Together with our other acquisitions, SGS has the most complete portfolio of digital trust certifications among the TIC companies and reinforces our ability to offer clients a comprehensive portfolio of cybersecurity, assurance and compliance services. I look forward to discussing this exciting development during our capital market event in November. Over the past three months, we have concluded four additional acquisitions. I already commented on Prussian security and etc. In Chile, as you can see, we've invested in Conatec, which support mining companies, thanks to unique rheology measurement solutions. In Spain, Doel is a specialist in testing and inspection for electricity transmission. So far growing business. I would like to warmly welcome the experts and the employees of these companies to the SGS family. Let me now share some key highlights from our business lines and let's start with industries and environment. You can see here our industries and environment business line delivered solid organic growth with 3.6% and sales amounting to 697 million Swiss francs. Environment recorded strong growth thanks to increased demand for environmental compliance testing such as PFAS water quality assessment and emissions monitoring across North America, Asia-Pacific and Europe. Inspection, supervision and safety grew at a high single-digit rate with new solar energy projects and infrastructure inspection projects in airports and urban housing developments in India. In the third quarter, we also signed new contracts in the data center sector across multiple regions and continue to see strong growth in renewable energy projects in Latin America. Industrial testing was softer, reflecting the disruption in the Middle East and a demanding comparison basis. Lastly, acquisitions continue to deliver strong performance, including ATS. Natural Resources now delivered a strong organic growth of 6.2% with sales amounting 448 million Swiss francs and increased over 10% versus 2025. In minerals, we accelerated growth supported by all regions with new geochemistry on-site projects. The demand was high for gold, copper and iron ore all over the world. In addition, minerals trade services performed very well, driven by new projects in North America related to industrial minerals and rare earth commodities. Growth was also supported by inspection projects for gold and critical minerals in Asia-Pacific. Agriculture was stable, despite seasonal challenges in Europe. And all gas and chemicals remained resilient. Double-digit organic growth in both North America and LATAM offset trade route disruptions caused by the Middle East situation. Connectivity and products delivered an excellent organic growth of 9.2% with sales of 385 million Swiss francs in the quarter. Connectivity grew at a high single-digit rate. led by wireless testing growth for new mobile and Wi-Fi products. Strong growth was recorded in emerging markets such as Brazil's Zanatel services, for instance, cybersecurity services and automotive technical evaluation for autonomous driving systems. Softlines deliver double-digit growth driven by strong demand for compliance testing across textiles, footwear, accessories, including notably the PFAS solutions and durability testing. Outlines also deliver double-digit growth with renewed momentum in toys and strong demand for food contact material testing. The new European Union regulation is creating additional demand as clients prepare products and packaging to be compliant with these new waste reduction and recyclability requirements. And the trade facilitation services remain soft Health and nutrition delivered strong organic growth of 6.2% with sales amounting to 239 million Swiss francs. Food achieved again double-digit growth, driven by continued very strong demand for food contaminant testing and advisory services. Growth was supported by increasing consumer awareness around food safety and the adoption of the food labeling requirements across Asia Pacific. Pharma recorded moderate growth in the third quarter with a double-digit increase in biosafety, while project delays in European clinical research remained a constraint. Cosmetics and personal care posted solid results supported in all regions by improved demand for dermacosmetics testing and scientific data backed consumer claims. Business Assurance now delivered 4.2% organic growth with sales amounting to 213 million Swiss francs. Certification recorded moderate growth impacted by audit delays due to some extreme weather conditions in East Asia. Sustainability grew high single digits supported by new client wins and a growing demand for sustainability regulatory advisory services. Digital trust assurance achieved double digit organic growth. And we secured strategy customer wins, including landmark AI and healthcare data security certifications for multinational technology corporations. The training revenues were stuffed. during the period due to a delay in the release of the new ISO standards. With that, I will now hand over to Marta for the sales review.

Thank you, Geraldine, and good morning to everyone. In the third quarter, we achieved record sales of close to 2 billion Swiss francs, up by near 15% compared to last year. When we compare in constant currency, the sales grew by 12.6%, of which 5.7% from the strong organic growth and 6.9% from M&A, which included ATS. On the forex side, our reporting currency, the Swiss franc, although still very strong, depreciated in average by 2% compared to the currencies in which we operate. And now, should we report our Q3 growth in euro or US dollar, we would have seen broadly similar growth rates. So the 14.6% sales growth in Q3 in Swiss francs is equivalent to 14.7% in euros and to 12.9% in US dollars. Let's now turn to the sales breakdown by region. In testing and inspection, the growth momentum in Asia-Pacific continued with 9.3% organic growth. Health and nutrition expanded double digit, while connectivity and products and natural resources grew by a high single digit. Europe expanded by 2.4% organically, driven by food, environment, minerals and connectivity and products. This was partially offset by soft volumes in pharma, agri and oil and gas. North America grew by 5.4% in Q3 with strong performance in connectivity and products, food, environment and natural resources. Eastern Europe, Middle East and Africa expanded by 5.1% organically. Although the situation in the Middle East remains highly volatile, We saw an improvement from the low point in Q2, notably in connectivity and products and food. In addition, geochemistry benefited from high demand for gold, copper and iron ore across the region. Latin America expanded by 7% organically with continued double digit growth in geochemistry and new projects in inspection and supervision. And finally, as commented earlier by Geraldine, Business Assurance delivered 4.2% organic growth, led by digital trust and sustainability, partially offset by moderate growth in certification. Looking now at the nine months, I'm proud to report that we delivered 10% sales growth to reach 5.7 billion Swiss francs. In constant currency, the sales increased by 13.1%, of which 5.6% thanks to the strong organic growth, and 7.5% from M&A, including ATS. On Forex, despite the recent depreciation of the Swiss franc, The overall impact for the nine months remains negative 3.1%, bringing the growth in Swiss francs to 10%. And with that, I hand over back to you, Geraldine.