Spie SA Investor Day Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Nicolas Tabor - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : Thank you very much. The first question would be, so you said the stimulus in Germany and France could generate 0.5% to 1.5% additional organic growth per annum. And what's the time range? When can we expect this to materialize and be seen in your figures? The second question would be on the 29% remaining between 41% and the 70%. Which exactly are the main bricks that make the difference? And for instance, can there be some that are breached by the taxonomy, such as a nuclear maintenance for instance? I think it's not yet included. May that happen? And then the fourth question would be on the renewable and install plants. What is the risk -- what are your assumptions in terms of pricing versus volume? Because we've seen that there may be some government cuts to the granted prices that those operators get from the government. And if there are price cuts, how much could that be impacting your maintenance contracts and be a drag, let's say, in the future?

Question: Nicolas Tabor - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : Just last one, if I may. By when would you expect to update all these targets, ambitious targets if ever the [Equens] deal was to fall in your hand and you work to close it? Is it already something you look at in terms of, I don't know, accident rate, which is at the heart of the incentive of every employee at SPIE? And I think that's something you will have to put in the same to implement at Equens as well? Is it something you already [thinking]?