Slide 1: 2017 Results
2017 RESULTS MARCH 22, 2018
Slide 2: Sommaire
SOMMAIRE 1 2017 Summary Results 3 2 Review of Operations | 2017 Results 16 3 Appendices 33 2
Slide 3: 2017 Summary Results
2017 SUMMARY RESULTS Bolloré
Slide 4: Change in the Share Price
BOLLORÉ GROUP CHANGE IN THE SHARE PRICE SHARE PRICE AT 03/20/2018: €4.4 | MARKET CAPITALIZATION: €12.9 Bn Δ (%) 01/01/18 1 an 10 ans Bolloré (2.0%) 23.3% 223.5% 6,0 SBF 120 (0.9%) 6.0% 28.4% 5,0 4,0 3,0 2,0 1,0 - Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Bolloré In
Slide 5: 2017 Results Key Points
BOLLORÉ GROUP 2017 RESULTS KEY POINTS 2017 Results (including the full consolidation of Vivendi since April 26, 2017) ‐ Group revenue: €18,325m, +82% (including the €8,911m contribution from Vivendi), +6% at constant consolidation scope and exchange rates ‐ Operating income: €1,124m, + 79% (includin
Slide 6: Group Structure
BOLLORÉ GROUP GROUP STRUCTURE ECONOMIC ORGANIZATIONAL CHART AT 12/31/2017 (in % of share capital) (1) Sofibol: 55.3% 90.8% (2) Compagnie du Cambodge: 19.1% (2) Société Industrielle et Financière de l'Artois: 5.6% (2) Financière de Moncey : 4.9% Financière de l'Odet (2) Impérial Mediterranean: 3.6% (
Slide 7: Summary of the Main Financial Elements for 2017
BOLLORÉ GROUP 2017 RESULTS SUMMARY OF THE MAIN FINANCIAL ELEMENTS FOR 2017 in millions of euros 2017 Bolloré (5) Vivendi (Eq Acc & FC) (5) 2016 Change Revenue 18 325 9 414 8 911 10 076 + 82% Financial income: + €119m EBITDA 2 072 797 1 274 1 022 + 103% Including a capital gain of €232 million Deprec
Slide 8: Revenue
BOLLORÉ GROUP REVENUE CHANGE IN REVENUE BY ACTIVITY 2017 2016 Reported Organic in millions of euros growth growth (2) Transportation & Logistics 5 762 5 458 + 6% + 8% Oil logistics 2 172 1 965 + 11% + 11% (1) Communications (Havas, Media, Telecoms, Vivendi) 10 059 2 321 + 333% + 4% Electricity Stora
Slide 9: Operating Income by Activity
BOLLORÉ GROUP OPERATING INCOME BY ACTIVITY CHANGE IN OPERATING INCOME (OI) PER ACTIVITY OI TRANSPORTATION & LOGISTICS (EVOLUTION BY HALF YEAR, €M) in mill ions of euros 2017 2016 Change Bolloré Transportation & Logistics 527 545 - 3% % Revenue 6.6% 7.3% -69 bps Transportation & Logistics (1) 491 490
Slide 10: Financial Income and Equity Accounting
BOLLORÉ GROUP FINANCIAL INCOME AND EQUITY ACCOUNTING CHANGE IN 2017 FINANCIAL INCOME Financial income: + €119m In 2016, financial income included in millions of euros 2017 2016 Change €325m in dividends received from Vivendi. As Vivendi is now fully Net dividends and income from investments in 32 33
Slide 11: Change in Net Debt
BOLLORÉ GROUP CHANGE IN NET DEBT CHANGE IN NET DEBT Increase in net debt: €583m Strong growth in net cash flows in millions of euros 2017 2016 Change primarily due the consolidation of Cash flow (1) 1 972 1 112 860 Vivendi. Change in WCR (+ = reduction) 95 (5) 100 Increased capital expenditure linke
Slide 12: Balance Sheet – Portfolio – Liquidity
BOLLORÉ GROUP BALANCE SHEET – PORTFOLIO ‐ LIQUIDITY NET DEBT AND PORTFOLIO VALUE CHANGE IN GEARING RATIO (%) in millions of euros 2017 Bolloré Vivendi FC 2016 Change 46% 41% Shareholders' equity 31 858 11 035 20 823 10 281 21 577 38% of which Group share 10 512 10 465 8 915 1 596 26% Net debt 4 841
Slide 13: Dividend
BOLLORÉ GROUP DIVIDEND CHANGE IN DIVIDENDS PAID (€ PER SHARE) KEY POINTS 0.06 0.06 0.06 0.06(1) Parent company income 2017 €91m (€43m at 12/31/2016) Distributable amount 0.033 €1,935m 0.030 0.031 0.031 0.013 General Shareholders’ Meeting June 1, 2018 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 Ex‐divide
Slide 14: Group Structure (1/2)
BOLLORÉ GROUP GROUP STRUCTURE (1/2) Vivendi Full consolidation of Vivendi from April 26, 2017 Following Vivendi’s General Shareholders’ Meeting of April 25, 2017, Bolloré Group reexamined the control it exercises over Vivendi in light of the provisions of IFRS 10 ‐ Consolidated Financial Statements,
Slide 15: Group Structure (2/2)
BOLLORÉ GROUP GROUP STRUCTURE (2/2) Havas Acquisition of Havas by Vivendi On July 3, 2017, Bolloré Group sold its 59.2% interest in Havas to Vivendi at a price of €9.25 per share, i.e. €2,317m. Taking into account the dividend of €0.18 in June 2017, the disposal represents a value of €2,362m. Vivend
Slide 16: Review of Operations | 2017 Results
REVIEW OF OPERATIONS | 2017 2 RESULTS 16 16
Slide 17: Bolloré Transport & Logistics
BOLLORÉ TRANSPORT & LOGISTICS BOLLORÉ TRANSPORT & LOGISTICS 4 BRANDS FOR A GLOBAL LOGISTICS OFFER LEADING PORT OPERATOR GLOBAL OPERATOR OF THREE RAIL MAJOR PLAYER IN OIL DISTRIBUTION TRANSPORT AND LOGISTICS PLAYER CONCESSIONS IN AFRICA AND LOGISTICS › Operator of 36 port concessions in › In the top
Slide 18: Transportation and Logistics
BOLLORÉ TRANSPORT & LOGISTICS TRANSPORTATION AND LOGISTICS KEY FIGURES MAIN FINANCIAL ELEMENTS 2017 in millions of euros 2017 2016 Change Organic Growth Transportation & Logistics Revenue Bolloré Logistics 3 394 3 085 + 10% + 11% Bolloré Africa Logistics 2 368 2 373 - 0% + 4% Revenue 5 762 5 458 + 6
Slide 19: Bolloré Logistics
BOLLORÉ TRANSPORT & LOGISTICS BOLLORÉ LOGISTICS 2017 RESULTS › Revenue 2017: €3,394m, +11% at constant consolidation scope and exchange rates due mainly to growth in air and maritime volumes. › 2017 results marked by: the decline in net income for freight forwarding operations in France despite the
Slide 20: Bolloré Africa Logistics (1/2)
BOLLORÉ TRANSPORT & LOGISTICS BOLLORÉ AFRICA LOGISTICS (1/2) 2017 RESULTS › Revenue 2017: €2,368m, +4% at constant consolidation scope and exchange rates, reflecting the recovery of port terminal volumes, the increase in logistics and handling operations and the decrease in rail volumes, still impac
Slide 21: Bolloré Africa Logistics (2/2)
BOLLORÉ TRANSPORT & LOGISTICS BOLLORÉ AFRICA LOGISTICS (2/2) 2017 RESULTS › Network development Cameroon: signing on July 25, 2017 of the concession contract for the new Kribi container terminal. The consortium comprising Bolloré Transport & Logistics, CMA CGM and CHEC, the Chinese group, were award
Slide 22: Bolloré Energy
BOLLORÉ TRANSPORT & LOGISTICS BOLLORÉ ENERGY FINANCIAL ELEMENTS 2017 OIL DISTRIBUTION AND LOGISTICS NETWORK in millions of euros 2017 2016 Change Revenue 2 172 1 965 + 11% Operating income 36 54 - 33% Investments 64 18 + 245% › Revenue: +11% Growth associated with the increase in oil product prices,
Slide 23: Communications
COMMUNICATIONS COMMUNICATIONS FINANCIAL ELEMENTS 2017 in millions of euros 2017 2016 Change Revenue 10 059 2 321 + 333% Operating income 790 282 + 180% Investments 461 95 + 387% The result includes: €720m(1) in net operating income for Vivendi corresponding to 8 months of income under full consolida
Slide 24: Vivendi
COMMUNICATIONS VIVENDI 2017 RESULTS PUBLISHED BY VIVENDI KEY ELEMENTS ON THE 2017 RESULTS Vivendi’s clear and ambitious strategy, implemented since 2014 focuses on in euro millions 2017 2016 Change building a world‐class content, media and communications group with European roots. Revenue 12 444 10
Slide 25: Vivendi: Universal Music Group and Canal+ Group
VIVENDI COMMUNICATIONS UNIVERSAL MUSIC GROUP CANAL+ GROUP 2017 RESULTS (published by Vivendi) 2017 RESULTS (published by Vivendi) in euro millions 2017 2016 Change in euro millions 2017 2016 Change Revenues 5 673 5 267 + 8% Revenues 5 246 5 253 - 0.1% EBITA 761 644 + 18% EBITA 318 240 + 32% Organic
Slide 26: Vivendi: Havas, Gameloft, Other Business Lines
COMMUNICATIONS VIVENDI HAVAS GAMELOFT – VIVENDI VILLAGE(1) 2017 RESULTS (published by Vivendi) OTHER BUSINESS LINES ‐ 2017 RESULTS (published by Vivendi) in euro millions S2 2017 in euro millions 2017 2016 (2) Revenues 1 151 Revenues 418 346 EBITA 111 EBITA (203) (160) Reconciliation and consolidati
Slide 27: Media and Telecoms
COMMUNICATIONS MEDIA AND TELECOMS KEY FIGURES 2017 CNEWS MATIN Average distribution of nearly 895,535 copies, down 2.1% compared to December 2016(1) (2.2 million readers per edition(2)). TELECOMS Frequency 3.5 Ghz 22 regional licenses which provide nationwide coverage. Over 6,000 stations had been d
Slide 28: Electricity Storage and Solutions
ELECTRICITY STORAGE & ELECTRICITY STORAGE AND SOLUTIONS SOLUTIONS BLUE SOLUTIONS, BLUE APPLICATIONS, PLASTIC FILM FINANCIAL ELEMENTS 2017 in millions of euros 2017 2016 Change Revenue 311 310 + 1% Organic growth 2% 9% Operating income (165) (168) Investments (146) (192) Revenue from industrial opera
Slide 29: Blue Solutions
ELECTRICITY STORAGE & BLUE SOLUTIONS SOLUTIONS 2017 RESULTS PUBLISHED BY BLUE SOLUTIONS CHANGE IN THE SHARE PRICE SINCE THE IPO2 45 IPO: Oct 30, 2013, €14.50 Simplified public tender offer ‐ (OPAS): July 6, 2017, €17 in millions of euros 2017 2016 Change 40 Revenue 81 109 - 26% 35 EBITDA (4) 18 NA 3
Slide 30: Blue Applications
ELECTRICITY STORAGE & BLUE APPLICATIONS SOLUTIONS MOBILITY AND STATIONARY 2017 ELEMENTS Car‐sharing (1) A fleet of nearly 5,000 electric vehicles, including 3,900 Autolib’. 171,773 annual subscribers (144,655 in 2016, i.e. +19%). Over 5 million rentals in 2017. Car‐sharing projects now being deploye
Slide 31: Other Assets: Portfolio of Listed Securities
OTHER ASSETS OTHER ASSETS PORTFOLIO OF LISTED SECURITIES HELD BY BOLLORÉ AND VIVENDI AT 12/31/2017 Market value of shareholding (€m) Company Ownership interest (%) 31/12/2017 30/06/2017 31/12/2016 Bolloré listed equity portfolio Vivendi (1) 20.6% (1) - - 3 645 Mediobanca (2) 7.9% 659 602 540 Socfin
Slide 32: Other Assets: Socfin Group and Agricultural Assets
OTHER ASSETS OTHER ASSETS SOCFIN GROUP AND OTHER AGRICULTURAL ASSETS › Socfin Group(1) Bolloré Group holds minority interests in the Socfin Group, which manages nearly 200,000 hectares of plantations in Asia and Africa. Plantation operations experienced strong earnings growth, benefiting from an inc
Slide 33: Appendices
APPENDICES Bollore\
Slide 34: 2017 Consolidated Balance Sheet
FINANCIAL RESULTS 2017 CONSOLIDATED BALANCE SHEET Assets - in millions of euros st Dec. 31 , 2017 st Dec. 31 , 2016 Liabilities - in millions of euros Dec. 31st, 2017 Dec. 31st, 2016 Goodwill 14 460 3 006 Share capital 468 466 Intangible assets 10 290 1 341 Share issue premiums 1 237 1 199 Property,
Slide 35: 2017 Consolidated Income Statement
FINANCIAL RESULTS 2017 CONSOLIDATED INCOME STATEMENT st st In millions of euros Dec. 31 , 2017 Dec. 31 , 2016 Revenue 18 325 10 076 Goods and services bought in (12 496) (6 419) Staff costs (3 942) (2 715) Amortization and provisions (948) (395) Other operating income 268 251 Other operating expense
Slide 36: 2017 Table of Flows
FINANCIAL RESULTS 2017 TABLE OF FLOWS st st st st In millions of euros Dec. 31 , 2017 Dec. 31 , 2016 In millions of euros Dec. 31 , 2017 Dec. 31 , 2016 Cash flow from operations Cash flow from investment activities Dis burs ements rel a ted to acqui s i tions : Consolidated net income, Group share 6
Slide 37: Changes in Shareholders' Equity
FINANCIAL RESULTS CHANGES IN SHAREHOLDERS’ EQUITY Number of Share Actuarial Shareholder Share Treasury IAS 39 Translation Minority (in millions of euros) shares excl. issue (losses) Reserves s’ equity, TOTAL capital shares fair value adjustment interests treasury shares premium and gains Group share
Slide 38: Group Structure
GROUP STRUCTURE Sofibol 55.3 (6) (92.1) 19.1 (0.0) Compagnie du Cambodge** 5.6 (0.0) Société Industrielle et Financière de l'Artois** Financière de l'Odet ECONOMIC ORGANIZATIONAL CHART AT 4.9 (0.0) Financière Moncey** 9.2* 3.6 (0.0) Imperial Mediterranean ** 2.3 (0.0) Nord-Sumatra Investissements **