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2025 Q3 Shareholder Deck · page 35 of 36

The slide uses a specific example from Q3 to illustrate the financial impact of stock price fluctuations on social charges.

Consulting deck · sensitivity_analysis · quantify_impact · dense density

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Slide schematic 3/3
paragraph 1/1 title 2/2
Components 3
paragraph action-title headline
Tools 2
Action Titles slide · 85%

Subhead: 'Meaningful movements in our stock price can lead to Social Charge variance'

 Concrete Language slide · 78%

Specific scenario: 10% stock move yields ±€37M impact
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Frameworks 1
Scenario Analysis 70%

+/- 10% stock-price scenario quantifies social-charge sensitivity