Slide 1: 2013 Results
2013 Results March 20, 2014 Bolloré - 2013 Results
Slide 2: Changes in Share Price
CHANGES IN SHARE PRICE Share price in euros (monthly averages) 480 Performance Performance over 11 years over 1 year 440 x 10 + 54% 400 360 320 280 240 200 160 120 + 57% + 18% 80 40 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Bolloré SBF 120 indexed 1 Bolloré - 2013 Results
Slide 3: Economic Flow Chart as at March 1st, 2014
ECONOMIC FLOW CHART as at March 1st, 2014 (as % of capital) Continued simplification of structure: Buyout offer on the securities of (2) (1) Sofibol 55.3% Compagnie du Cambodge 19.1% Plantations des Terres Rouges (PTR), (2) Société Industrielle et Financière de l'Artois 5.6% (2) Financière de Moncey
Slide 4: Summary of 2013 Results
SUMMARY OF 2013 RESULTS Group turnover: €10.8 billion, up by 7.3% (down 1.6% on a like-for-like basis and at constant exchange rates). Operating income: €606 million, up 30%, marked by: - the growth in the income of the transport and logistics and oil logistics businesses; - the robust performan
Slide 5: Consolidated Income
Employees: 53,600 people CONSOLIDATED INCOME In millions of euros 2012 adjusted 2013 2013 vs 2012 Turnover 10,109 10,848 +7.3% EBITDA 802 957 +19% Impairment, amortization and provisions (337) (351) +4% 465 606 +30% Operating income Share in the net income of operating equity-consolidated associates
Slide 6: Balance Sheet, Portfolio, Liquidity
BALANCE SHEET, PORTFOLIO, LIQUIDITY December 31, 2012 December 31, 2013 December 31, 2012 December 31, 2013 (in millions of euros) Excluding Havas Excluding Havas Adjusted Adjusted Shareholders' equity 6,265 8,188 7,265 9,316 of which group share 5,844 7,712 5,868 7,749 Net debt 1,731 1,705 1,900 1,
Slide 7: Turnover
TURNOVER Change on a like-for- like basis and 2012 Change 2013 at constant (in millions of euros) Adjusted exchange rates Electricity Transportation and logistics 5,416 5,469 +1.0% +3.0% storage and solutions Other Oil logistics 3,643 3,288 -9.7% -9.5% Communication Communication (Havas, medias, tel
Slide 8: Operating Income by Business
OPERATING INCOME BY BUSINESS 2012 (in millions of euros) 2013 Adjusted Transportation and logistics 496 541 Oil logistics 39 39 535 580 Communication (Havas, médias, télécoms) 118 194 Electricity storage and solutions (168) (126) Other (agricultural assets, holdings) (1) (21) (43) Operating income 4
Slide 9: Net Financial Income
NET FINANCIAL INCOME 2012 (in millions of euros) 2013 Adjusted Dividends and income from marketable securities 52 74 Net financing expenses (81) (100) Other non-trading income and expenses 554 56 Financial income 525 30 Financial income includes: a capital gain of €109 million on the sale of the r
Slide 10: Net Income of Non-Operating Equity-Consolidated Companies
NET INCOME OF NON-OPERATING EQUITY-CONSOLIDATED COMPANIES 2012 In millions of euros 2013 Adjusted Share in the net income of non-operating equity-consolidated associates (9) 21 The share in the net income of non-operating equity-consolidated companies primarily includes the income from the Socfin
Slide 11: Change in Indebtedness
CHANGE IN INDEBTEDNESS 2012 In millions of euros 2013 Adjusted Cash flow (1) 662 814 Change in WCR (+= reduction) 170 (119) Business net cash flow 832 695 Net capital expenditure (517) (514) Net non-trading investments 290 50 Dividends paid (137) (116) Net financial costs paid (88) (90) Capital incr
Slide 12: Company Income – Dividend Proposal
COMPANY INCOME – DIVIDEND PROPOSAL Company's net income for fiscal 2013: €89 million, compared with €199 million in 2012. It includes a capital gain of €58 million on the sale of the residual Aegis securities. In 2012, the income included €214 million of capital gains on Aegis. Distributable amo
Slide 13: Transportation and Logistics
TRANSPORTATION AND LOGISTICS 2012 (in millions of euros) 2013 Adjusted Turnover 5,416 5,469 + 1% Operating income 496 541 +9% Investments 307 238 Agencies 12 Bolloré - 2013 Results
Slide 14: Bolloré Logistics
BOLLORÉ LOGISTICS A WORLD LEADER IN TRANSPORT AND LOGISTICS ORGANIZATION In a difficult environment of slowdown global exchanges, especially in the aviation sector and on the Asia-Europe axis, the turnover in 2013 is slightly down by 1.7%, to €2,943 million (down 1% on a like-for-like basis and co
Slide 15: Bolloré Africa Logistics
BOLLORÉ AFRICA LOGISTICS THE LARGEST INTEGRATED LOGISTICS NETWORK IN AFRICA Buoyant activity in all regions. Turnover for fiscal 2013, at €2 526 million, is up 4% (8% like-for-like and constant exchange rates). Fiscal 2013 was marked by: Corridors Agencies - the vibrant performance of port termi
Slide 16: Oil Logistics
OIL LOGISTICS SECOND LARGEST FRENCH DISTRIBUTOR OF DOMESTIC FUEL (in millions of euros) 2012 2013 Adjusted 3,643 3,288 -10% Turnover 39 39 = Operating income Investments 8 13 The 10% decline in turnover compared to 2012 can be explained by the drop in oil Agencies and Warehouses product prices and
Slide 17: Communication
COMMUNICATION 2012 (in millions of euros) 2013 Adjusted Turnover 811 1,843 Operating income 118 194 Investments 29 80 The €1,843 million in turnover mostly corresponds to the turnover of Havas (€1,771 million) fully consolidated in 2013, compared to four months in 2012. On a like-for-like basis an
Slide 18: Communication
COMMUNICATION Havas At the end of 2013, the Bolloré Group held 36.22% of Havas of which Yannick Bolloré became Chairman and CEO in August 2013. The results for 2013 published by Havas shows: - income of €1,772 million in 2013, organic growth of 1%; - operating income up by 1.3%, at €226 million than
Slide 19: Communication
COMMUNICATION Telecoms WiMax: - Bolloré Telecom has 22 regional licenses, which provide it with national coverage (220 stations deployed and operated on the frequencies of Bolloré Telecom). - Aggregate expenditure at this stage: around €135 million including licenses. - Following an agreement with
Slide 20: Electricity Storage and Solutions
ELECTRICITY STORAGE AND SOLUTIONS BLUE SOLUTIONS, BLUE APPLICATIONS, PLASTIC FILMS (in millions of euros) 2012 2013 Turnover (1) 215 223 Operating income (168) (126) Investments 192 113 (1) Excluding the IER turnover generated with Autolib', adjusted in the accounts of Bolloré. The turnover from i
Slide 21: Blue Solutions
BLUE SOLUTIONS Blue Solutions, which produces lithium metal polymer electric batteries in its plants based in Brittany and Canada, has a capacity for 10,000 batteries which ultimately will be increased to 32,500 batteries. On October 30, 2013, Blue Solutions was floated on the first market of Nyse-E
Slide 22: Blue Solutions
BLUE SOLUTIONS 2013 results published by Blue Solutions (in millions of euros) 2012 2013 Turnover 62 47 EBITDA (8) (13) Operating income (18) (28) Financial income (5) (8) Net income (22) (36) In 2013, Blue Solutions delivered to the market 1,051 packs of 30kWH equivalent batteries versus 1,498 in 2
Slide 23: Blue Applications
BLUE APPLICATIONS launch of Bluely car-sharing services in Lyon-Villeurbanne on October 10, 2013 (with 130 vehicles, 51 stations and 252 terminals) and Bluecub in Bordeaux, end November 2013 (with 90 vehicles, 40 stations and 197 charging terminals). The Bolloré Group has also been chosen to devel
Slide 24: IER, Plastic Films
IER, PLASTIC FILMS IER IER, which developed all the terminals for Autolib', Bluely, Bluecub (subscription, rental, electrical charging) and on board computers for Bluecar vehicles, is now a major player in the marketing of car-sharing, smart and communicating recharge solutions. In 2013, IER recorde
Slide 25: Other Assets
OTHER ASSETS The market value of the portfolio of listed securities of the Bolloré Group amounted to €2,035 million as at December 31, 2013, excluding the investment in Havas, €886 million now fully consolidated. In 2013, the Group tendered its residual stake in Aegis (6.4%) to the offer launched by
Slide 26: Other Assets
OTHER ASSETS Socfin Group (formerly Socfinal Group) (1): the Group owns approximately 39% of Socfin, which manages 155,000 hectares of plantations in Asia and Africa. The results are generally penalized by the collapse of the average price of palm oil (down 14%) and rubber (down 20%) and the slugg
Slide 27: Other Assets
OTHER ASSETS - Developments: creation of 12,000 hectares of rubber plantations in Cambodia of which 4,100 hectares have already been planted, replanting of 6,000 hectares of palm trees in the Democratic Republic of the Congo and 6,800 hectares of palm trees in Sierra Leone (1) (new plantation of 12,
Slide 28: Financial Statements 2013
FINANCIAL STATEMENTS 2013 27 Bolloré - 2013 Results
Slide 29: Income Statement
INCOME STATEMENT December December (in thousands of euros) 2013 2012 Adjusted Turnover 10,848,489 10,109,376 Goods and services bought in (7,691,449) (7,876,948) Staff costs (2,262,198) (1,527,429) Impairment, amortization and provisions (350,855) (337,919) Other operating income 181,845 188,809 Oth
Slide 30: Balance Sheet
BALANCE SHEET (in thousands of euros) 31/12/2013 31/12/2012 Adjusted Assets Goodwill 2,754,080 2,729,966 Intangible assets 1,010,499 948,256 Property, plant and equipment 1,608,615 1,510,619 Investments in associates 654,861 654,145 Other financial assets 5,976,012 4,111,061 Deferred tax 160,620 118
Slide 31: Change in Consolidated Cash Flow
CHANGE IN CONSOLIDATED CASH FLOW (in thousands of euros) December 2013 December 2012 Adjusted Cash flows from operating activities Net income Group share from continued activities 266,991 663,597 Share of non-controlling interests from continued activities 177,823 140,771 Consolidated net income fro
Slide 32: Change in Consolidated Cash Flow (continued)
CHANGE IN CONSOLIDATED CASH FLOW (continued) Income from disposal of assets: - property, plant and equipment 11,838 22,485 - intangible assets 553 130 - securities 266,509 705,657 - other non-current financial assets 161,825 17,314 Effect of changes in scope of consolidation on cash flow (53,187) 35
Slide 33: Changes in Shareholders' Equity
CHANGES IN SHAREHOLDERS' EQUITY Number of shares Treasury Translation Actuarial gains Shareholders' Non-controlling (in thousands of euros) Capital stock Premiums IAS 39 Fair value Reserves TOTAL excluding treasury shares securities adjustment and losses equity, Group share interests Shareholders' e
Slide 34: Structure of Group
STRUCTURE OF GROUP Sofibol 55,2(8)(91,9) 19,1 (0,0) Compagnie du Cambodge** 5,6 (0,0) Société Industrielle et Financière de l'Artois** Financière de l'Odet As of March 1st, 2014 9,2* 4,9 (0,0) Financière Moncey** 3,6 (0,0) Imperial Mediterranean ** 2,3 (0,0) Nord-Sumatra Investissements ** 67,6 (9)