Claranova

Pursuing Debt Reduction

Regulatory News:

Claranova (Euronext Paris : FR0013426004 - CLA) announces that on Friday, May 24, it reimbursed the holders of the Euro PP bond for a total amount of €19.7m, thus continuing to reduce its debt. As announced¹, this reimbursement was made from the Group's own funds.

In accordance with its commitments, the Group is pursuing the strengthening of its financial structure and the improvement of its operational flexibility. By the end of the current financial year, ending June 30, 2024, Claranova will have reimbursed more than €55m of its debt (excluding interests) from its own funds. These repayments include the €29m in ORNANE bonds, €19.7m in Euro PP bond, and €7m in amortizations of other existing loans. Over the same period, the Group also refinanced its OCEANE debt, extending its maturity by 4 years¹.

These operations have significantly reduced the Group's level of debt, lowered the associated financial charges, and allowed to get closer to a net debt/EBITDA ratio of 3x. They also demonstrate the Group's ability to efficiently allocate cash and strengthen its balance sheet to ensure sustainable growth and seize new market opportunities.

Eric Gareau, CEO of Claranova commented: "After the refinancing of our OCEANE debt, the repayment of the Euro PP bond marks a new step in our debt reduction policy and demonstrates our determination to optimize our financial structure. We will continue our efforts in this direction, and expect a large proportion of our debt, excluding OCEANE refinancing, to be reimbursed within a year. With a reconfigured, leaner debt structure, we will be able to invest more in our business, with a focus on improving profitability and creating shareholder value”.

Breakdown of the Group’s financial debt on May 24, 2024

In €m	Total Debt	Euro PP bond	Other flows(2)	Total Debt	Of which short-term
	post refinancing(1)			on May 24, 2024
ORNANE bonds	0			0
Euro PP bond