Sodexo Sa · EURONEXT:SW

Sodexo Sa — FY2023 Earnings Presentation

73 slides from Sodexo Sa's earnings presentation, Oct 26, 2023

  1. Slide 1: Fiscal 2023 Results & Strategy Update

    Fiscal 2023 Results & Strategy Update October 26, 2023

  2. Slide 2: Foreword

    Foreword Pluxee full spin-off and listing is expected early 2024, subject to market conditions. As a consequence, for the Fiscal 2023 Sodexo financial consolidated statements, Pluxee has been classified as discontinued operation under IFRS 5 accounting standard (1) In this document, the Group financ

  3. Slide 3: Agenda

    Agenda 01 Fiscal 2023 highlights 02 Group Financial Performance(1) (Sodexo + Pluxee) 03 Sodexo(2) Review of Operations & Financial Performance 04 Pluxee Review of Operations & Financial Performance 05 Outlook 06 Q&A - Appendices (1) Before classification and presentation of Pluxee as discontinued op

  4. Slide 4: Fiscal 2023 highlights

    1. Fiscal 2023 highlights Fiscal 2023 results – October 26, 2023 - © Sodexo 2023. All rights Reserved 4

  5. Slide 5: Fiscal 2023: Guidance outperformance

    1. Fiscal 2023: Guidance outperformance Organic Revenue Growth Underlying Operating Profit Margin FY23 FY23 FY23 FY23 Updated Guidance performance Updated Guidance performance Group (1) Close to +11% +11.6% At 5.5% 5.6% Original Guidance: 8-10% Original Guidance: close to 5.5% Pluxee Above +20% +26.

  6. Slide 6: Strong Underlying net profit reflected in 29% increase in proposed dividend

    1. Strong Underlying net profit reflected in 29% increase in proposed dividend Group Net profit Underlying Net profit Record dividend per share €794m €908m €3.10* Net profit Underlying Net profit DPS +14% +30% +29% €5.44 €6.21 50% EPS Underlying EPS Pay-out ratio** * To be proposed at the AGM on Dec

  7. Slide 7: Strategy Progress Update

    1. Strategy Progress Update Strong Execution Focus on Food and in North America more selective in FM Holistic Approach Simplified and to Sustainability Effective Organization (People & Planet) 2025 Strategy Record Group Retention in FY22 and FY23 leading to positive net Pluxee spin-off new Fiscal 20

  8. Slide 8: Pluxee: Full spin-off, listing early 2024

    Pluxee 1. Full spin-off, listing early 2024 ▬ Full spin-off and listing on Euronext Paris expected early 2024 subject to prospectus approval, Euronext admission decision and market conditions ▬ Pluxee Capital Markets Day to be held beforehand ▬ Spin-off to be put to a shareholder vote at a dedicated

  9. Slide 9: Continued execution of our 2025 Strategy

    Sodexo 1. Continued execution of our 2025 Strategy Sodexo’s ambition is to be a leader in sustainable food and valued experiences 2025 Strategy at every moment of life: work, heal, learn and play. Strategic pillars Key enablers 9

  10. Slide 10: Refocus on Food services & be more selective in FM

    Sodexo 1. Refocus on Food services & be more selective in FM Size Size Food Markets FM Markets €240bn €380bn • Historical market • Fragmented market • Sodexo has leading positions • Sodexo has recognized expertise & integration capabilities • Consumers convergent needs for more flexibility, personal

  11. Slide 11: Scaling Premium & Sustainable Food Brands

    Sodexo 1. Scaling Premium & Sustainable Food Brands All day food Fully subsidized Offsite catering Brand & Model Onsite dining delivery, pop-ups for Onsite restaurants and vending Brand Pillars & Culinary delight with local flavors Fresh, Responsive, Creative, Flexible, Healthy, Plant-based Differen

  12. Slide 12: Scaling Accessible Food Brand

    Sodexo 1. Scaling Accessible Food Brand High value, quality food Brand & Model for all workers Brand Pillars & Accessible Healthy food across Differentiators restaurant, catering, micro market, vending Targeted Clients Large corporates, Blue collar Pricing • From 8 to 14 countries, point +30% sites

  13. Slide 13: Commercial momentum confirmed in Q4

    Sodexo 1. Commercial momentum confirmed in Q4 Wins North America Europe Rest of the World Deaconess Health System Axa Star River Group Healthcare Corporate Corporate Indian Wells Tennis Garden FIATC Residencias Snowy Hydro Healthcare Sports & Leisure Energy & Resources Retention & Extension North Am

  14. Slide 14: Sodexo Live! Strong performance in Fiscal 2023 with 34% growth

    Sodexo Live! 1. Strong performance in Fiscal 2023 with 34% growth 3 growth pillars Bringing visitors Strong new sales Retaining clients and fans back €128M / 10% of revenues 97% retention rate Record attendance and increase in average spend 75% of new signatures per capita from North America Stadia

  15. Slide 15: Solid net new signings

    Sodexo 1. Solid net new signings Best client retention rate ever! New client development Solid net new signings in the 7-8% target range (annualized revenues) 7.5% 7.0% 6.3% 6.0% 95.2% 4.9% 94.5% 93.3% 93.5% 93.1% 2.0% 2.2% -0.4% -0.9% -1.6% FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY2

  16. Slide 16: Strong commercial momentum

    Sodexo 1. Strong commercial momentum Total development up +10% Increasing share of Food services in new development new sites & cross-selling €1.7bn €1.5bn 32% 26% 0.3 0.2 13% Facilities management 13% Cross-selling (€bn) Integrated solutions New sites (€bn) including food services 1.3 1.4 61% 55% F

  17. Slide 17: Continuous improvement in sustainability

    Sodexo 1. Continuous improvement in sustainability Our unique strengths to address global challenges as a sustainability market-maker: • We are a pioneer • We make more ambitious commitments • We deploy them globally Planet People Fiscal 2023 results – October 26, 2023 - © Sodexo 2023. All rights Re

  18. Slide 18: Focus on Planet

    Sodexo 1. Focus on Planet Delivered at scale in FY23 Ambitions Strong global climate SBTi-validated ambition -34% Scope 1&2 emissions in 2025 -34% Scope 3 emissions in 2026 • “Low carbon meal” SBTi standard established with the WWF following rebaselining(1) • -32.9%(1) Scope 1&2 GHG emissions reduct

  19. Slide 19: Focus on People

    Sodexo 1. Focus on People Delivered at scale in FY23 Ambitions Reinforced employer attractiveness Vita Implemented in 60% countries • Industry-leading common employee benefit by end 2024 standard for all 429k employees worldwide Record engagement rate • 82.5% global employee engagement rate, +4.2 pt

  20. Slide 20: Official Supporter for sustainable Paris 2024 Olympics & Paralympics

    Sodexo Live! 1. Official Supporter for sustainable Paris 2024 Olympics & Paralympics Planet People Sustainable and local sourcing New 6,000 hires Responsible and low-carbon food ▬ Catering for the Athletes village offering Inclusive employment policies 40,000 meals per day for 15,000 athletes around

  21. Slide 21: Group Financial performance

    2. Group* Financial performance (*) Before classification and presentation of Pluxee as discontinued operation as per IFRS 5 21 Fiscal 2023 results – October 26, 2023 - © Sodexo 223. All rights Reserved

  22. Slide 22: P&L Performance: record Underlying net profit

    Group* 2. P&L Performance: record Underlying net profit (*) Before classification and presentation of Pluxee as discontinued operation as per IFRS 5 Change At current Excluding In million € FY 2023 FY 2022 exchange rates currency effect Revenues 23,727 21,125 +12.3% +10.9% Underlying Operating profi

  23. Slide 23: Other income and expenses affected by restructuring and spin-off costs

    Group* 2. Other income and expenses affected by restructuring and spin-off costs (*) Before classification and presentation of Pluxee as discontinued operation as per IFRS 5 In million € FY 2023 FY 2022 Net scope change impact (7) 50 Restructuring and rationalization costs (1) (46) (10) Amortization

  24. Slide 24: Strong cash generation

    Group* 2. Strong cash generation (*) Before classification and presentation of Pluxee as discontinued operation as per IFRS 5 In million € FY 2023 FY 2022 Operating cash flow 1,431 1,243 Change in working capital (1) 45 (63) IFRS 16 Leases outflow (201) (208) Net capital expenditure (463) (341) Free

  25. Slide 25: Solid pre-spin leverage <1x

    Group* 2. Solid pre-spin leverage <1x (*) Before classification and presentation of Pluxee as discontinued operation as per IFRS 5 August 31, August 31, August 31, August 31, In million € 2023 2022 2023 2022 Non-current assets 10,390 10,785 Shareholders’ equity 4,541 4,415 Current assets excluding c

  26. Slide 26: EBITDA and ROCE above pre-covid level

    Group* 2. EBITDA and ROCE above pre-covid level (*) Before classification and presentation of Pluxee as discontinued operation as per IFRS 5 ROCE 20.6% 20% 18.3% Underlying EBITDA and margin 17.2% 6.8% 6.8% 6.2% 6.8% 15% 4.7% 4.9% 1,393 1,501 1,611 1,311 905 854 10% 9.9% 8.6% 2018 2019 2020 2021 202

  27. Slide 27: Review of Operations Sodexo

    3. Review of Operations Sodexo with Pluxee classified and presented as discontinued operation as per IFRS 5 Fiscal 2023 results – October 26, 2023 - © Sodexo 2023. All rights Reserved 27

  28. Slide 28: Organic Growth by quarters: 10% underlying exit rate

    Sodexo 3. Fiscal 23 Organic Growth by quarters: 10% underlying exit rate Underlying Organic 15.6% Growth 12.7% 13.8% 10.8% 10.4% End of testing centers -1.2% -1.5% -0.9% Accounting change (1) -1.9% -2.3% -0.5% Published FY2023 Q1 Q2 Q3 Q4 Organic Growth +11.0% +11.9% +14.1% +9.9% +8.1% (1) Change in

  29. Slide 29: Inflation moderation

    Sodexo 3. Inflation moderation ▬ Consistent level of price revisions above 5% throughout Fiscal 2023 ▬ Softening of inflation on food costs is confirmed • Decrease in inflationary pressure in North America and Brazil, with pricing just starting to outpace food cost inflation • Softening of food infl

  30. Slide 30: North America – Fiscal 2023 Revenues

    Sodexo 46% 3. North America – Fiscal 2023 Revenues On-site Services FY23 (in million euros) Organic Organic Growth growth Net +13.9% acquisitions Business & Administrations +23.4% +4.2% • Corporate Services boosted by ongoing return to the office and new contracts Favorable currency • Strong activit

  31. Slide 31: Europe – Fiscal 2023 Revenues

    Sodexo 36% 3. Europe – Fiscal 2023 Revenues On-site Services FY23 (in million euros) Organic Growth Organic Business & Administrations +12.2% growth +7.5% • Price revisions and continued improvement in the return to office, significant IFM summer project works Net Unfavorable • Record sales in touri

  32. Slide 32: Rest of the World – Fiscal 2023 Revenues

    Sodexo 18% 3. Rest of the World – Fiscal 2023 Revenues On-site Services FY23 (in million euros) Organic Growth Business & Administrations +11.5% • +14.9% excluding the impact of the accounting change • Successful negotiations on price adjustments in Energy & Resources • New openings in Corporate Ser

  33. Slide 33: Underlying Operating Margin – almost back to pre-covid level

    Sodexo 3. Underlying Operating Margin – almost back to pre-covid level FY19 FY20 FY21 FY22 FY23 6.2% 5.3% 5.6% North 4.1% 3.6% ▬ Overall improvement in profitability driven by: America • Operating leverage from higher revenue, especially in North America • Rigorous inflation management 3.8% 3.9% 3.7

  34. Slide 34: Sodexo P&L Performance

    Sodexo 3. P&L Performance with Pluxee classified and presented as discontinued operation as per IFRS 5 Change FY 2022 At current Excluding In million € FY 2023 restated exchange rates currency effect Revenues 22,637 20,263 +11.7% +10.2% Underlying Operating profit 976 815 +19.8% +17.1% Underlying Op

  35. Slide 35: Free cash flow

    Sodexo 3. Free cash flow with Pluxee classified and presented as discontinued operation as per IFRS 5 FY 2023 FY 2022 In million € restated Operating cash flow 1,130 977 Change in working capital (222) (193) IFRS 16 Leases outflow (186) (196) Net capital expenditure (348) (262) Continuing Operations

  36. Slide 36: Balance sheet ratios adjusted post spin-off

    Sodexo 3. Balance sheet ratios adjusted post spin-off with Pluxee classified and presented as discontinued operation as per IFRS 5 August 31, August 31, August 31, August 31, August 31, August 31, 2023 2022 2022 2023 2022 2022 adjusted Restated as published(1) adjusted Restated as published(1) Non-c

  37. Slide 37: Investment Focused on Supporting Sustainable Growth

    Sodexo 3. Investment Focused on Supporting Sustainable Growth (*) with Pluxee classified and presented as discontinued operation as per IFRS 5 Gross Capex and Gross Capex to Revenue evolution Fiscal 2023 Gross capex to 2.5% Revenue at 2.3%, close to 2.3% 2.3% mid term target of 2.5% 620 2.0% 520 491

  38. Slide 38: Strong Pro Adjusted Balance Sheet: Investment Grade Rating Maintained

    Sodexo 3. Strong Pro Adjusted Balance Sheet: Investment Grade Rating Maintained Overview of Adjusted Net Debt Allocation Post Spin-Off based on FY23 Implied Net Leverage Guidance Figures in €m unless otherwise stated 2.4x close to Leverage (1) 0.7x -4.4x 2.4x 2.0x 1-2x €1.1bn €2.9bn €-1.8bn FY23 +12

  39. Slide 39: Review of Operations Pluxee

    4. Review of Operations Pluxee In advance of the spin-off, Pluxee will publish a prospectus (the "Prospectus") that will have been approved by the Dutch Authority for the Financial Markets and passported to the French Autorité des marchés financiers. The Prospectus will include special purpose finan

  40. Slide 40: Quarterly Operating and Financial revenue

    Pluxee 4. Quarterly Operating and Financial revenue (in million euros) Quarterly Operating revenue Quarterly Financial revenue and Organic Growth and Organic Growth 300 +22.4% 25% 300 +163% +153% +143% 250 +16.7% 250 +131% +16.3% 20% 140% +15.3%+15.9% 200 200 +14.2% +10.2% 15% +71% +6.8% 150 150 90%

  41. Slide 41: FY revenues by Nature

    Pluxee 4. FY revenues by Nature (in million euros) 87% 13% Operating revenues FY23 Financial revenues FY23 Pluxee Pluxee revenues revenues Favorable currency Organic effect growth +18.0% Organic Unfavorable growth currency +145.6% effect FY 2022 FY 2023 FY 2022 FY 2023 • Solid operating revenue grow

  42. Slide 42: FY revenues by Service

    Pluxee 4. FY revenues by Service (in million euros) 83% 17% Employee benefits FY23 Services Diversification FY23 Pluxee Pluxee revenues revenues Favorable currency effect Organic growth +28.5% Organic Favorable growth currency Net +19.8% acquisitions effect FY 2022 FY 2023 FY 2022 FY 2023 • Issue vo

  43. Slide 43: FY revenues by Region

    Pluxee 4. FY revenues by Region (in million euros) 61% 39% Europe, Asia, USA FY23 Latin America FY23 Pluxee Pluxee revenues revenues Organic Unfavorable growth currency +24.7% effect Organic Favorable growth currency +31.0% effect FY 2022 FY 2023 FY 2022 FY 2023 • Buoyant growth in all major markets

  44. Slide 44: Underlying Operating Profit and Underlying EBITDA

    Pluxee 4. Underlying Operating Profit and Underlying EBITDA (variation vs. FY 22 at constant rates) FY22 FY23 FY22 FY23 +47.3% +480 bps €364m Strong increase in UOP and EBITDA 33.1% UOP and 28.6% margin resulting from: €248m UOP margin • Operating leverage from strong growth in business volumes acro

  45. Slide 45: Outlook Sodexo

    5. Outlook Sodexo Excluding Pluxee 2022 results – October 26, 2023 Fiscal 2023 2022 - © Sodexo 2023. 2022. All rights Reserved 45

  46. Slide 46: Strong Position at the end of FY23

    Sodexo excluding Pluxee 5. Strong Position at the end of FY23 • Resilient client retention and positive net new wins of 2.2% supporting organic growth • Margins 4.3%, including HQ costs of €97m, driven by organization simplification, investments, and selective new wins • Focus on cashflow generation

  47. Slide 47: Strategic Priorities by Zones

    Sodexo excluding Pluxee 5. Strategic Priorities by Zones North America Europe Rest of the World Enhance Growth Focus on Profitability & Cashflow Focus on Growth to increase market share while maintaining market share and Profitability ▬ Continued Investment in Sales ▬ Simplified Organization Empower

  48. Slide 48: Fiscal 2024 & 2025 guidance

    Sodexo excluding Pluxee 5. Fiscal 2024 & 2025 guidance ‒ Sustained high single digit growth : Organic Growth • Underlying exit growth rate in Q3 and Q4 Fiscal 2023 was > 10% • With continued inflation being passed through, pricing is expected to average out at 3-4% for Fiscal 2024 6% to 8% for FY202

  49. Slide 49: Q&A

    6a. Q&A 49 Fiscal 2023 results – October 26, 2023 - © Sodexo 2023. All rights Reserved

  50. Slide 50: Appendices

    REVOIR QUALIT E IMAGE 6b. Appendices Fiscal 2023 results – October 26, 2023 - © Sodexo 2023. All rights Reserved 50

  51. Slide 51: Consequences of the classification of Pluxee as discontinued operation under IFRS 5

    Consequences of the classification Pluxee as discontinued Appendix 1 operation under IFRS 5 An asset is classified as “held for sale” when its sale or distribution is highly probable within twelve months from the date of classification, when it is available for immediate sale under its present condi

  52. Slide 52: Pluxee IFRS 5 P&L Performance

    Pluxee Appendix 2a IFRS 5 P&L Performance Please note that this P&L does not reflect Pluxee stand-alone. It is built by difference between Group(1) accounts and Sodexo accounts under IFRS 5, and notably (i) it is pre–Group HQ cost allocation, and (ii) the Effective Tax Rate is under-estimated Change

  53. Slide 53: Pluxee IFRS 5 Free cash flow

    Pluxee Appendix 2b IFRS 5 Free cash flow FY 2023 FY 2022 In million € restated Operating cash flow 301 266 Change in working capital (1) 267 130 IFRS 16 Leases outflow (15) (12) Net capital expenditure (115) (79) Free cash flow 438 305 Net acquisitions 4 55 Share buy-backs/Treasury stock _ _ Dividen

  54. Slide 54: Pluxee IFRS 5 Adjusted Balance sheet ratios

    Pluxee Appendix 2c IFRS 5 Adjusted Balance sheet ratios August 31, August 31, August 31, August 31, 2023 2022 2023 2022 Non-current assets 983 1,013 Shareholders’ equity 195 744 Current assets excluding cash 1,595 1,536 Non-controlling interests 5 14 Restricted cash 936 960 Non-current liabilities 1

  55. Slide 55: Reconciliation of balance sheet accounts as of August 31, 2023

    Sodexo Appendix 3 Reconciliation of balance sheet accounts as of August 31, 2023 ▬ In the Consolidated financial position, under IFRS 5, intragroup loans are eliminated ▬ In order to project the post spin-off financial position, the following adjustments have been made in the balance sheet presented

  56. Slide 56: Fiscal 2023 exchange rates

    Appendix 4 Fiscal 2023 exchange rates Average Rate Closing Rate Closing Rate Closing Rate Average Rate Average Rate Fiscal 2023 Fiscal 22 Fiscal 21 31/08/2023 1€ = Fiscal 2023 Fiscal 2022 vs. Fiscal 2022 at 08/31/2023 at 08/31/2022 vs. 31/08/2022 U.S. Dollar 1.059 1.101 +4.0% 1.087 1.000 -8.0% Pound

  57. Slide 57: Q4 Fiscal 2023 Revenue breakdown by region

    Sodexo Appendix 5a Q4 Fiscal 2023 Revenue breakdown by region REVENUES BY REGION Organic External Currency Total (in million euros) Q4 2023 Q4 2022 Growth Growth Effect Growth North America 2,322 2,231 +10.5% -0.0% -6.5% +4.1% Europe 2,002 1,863 +9.0% +0.1% -1.6% +7.4% Rest of the World 977 1,002 +1

  58. Slide 58: Fiscal 2023 Revenue breakdown by region

    Sodexo Appendix 5b Fiscal 2023 Revenue breakdown by region REVENUES BY REGION Organic External Currency Total (in million euros) FY 2023 FY 2022 Growth Growth Effect Growth North America 10,479 8,828 +13.9% +0.6% +4.2% +18.7% Europe 8,071 7,774 +7.5% -2.0% -1.7% +3.8% Rest of the World 4,087 3,661 +

  59. Slide 59: Explanation Net capex to sales versus gross capex to sales

    Sodexo Appendix 6 Explanation Net capex to sales versus gross capex to sales August 31, 2023 Client investment Disposal of August 31, 2023 Net Capex/Sales impact assets Gross* Capex/Sales Revenue 22,637 +139 22,776 EBITDA 1,195 +139 1,334 Underlying Operating Profit 976 976 Net profit Group Share 56

  60. Slide 60: Breakdown of Gross Financial debt: €5,552m

    Sodexo Appendix 7 Breakdown of Gross Financial debt: €5,552m (1) By currency By Maturity 6% £ (in million €) 1% Other <1 533 Year 72% € 21% $ 1-3 1,977 Years Interest rate 3-5 1,596 Years 5% variable Average maturity >5 1,446 of 3.8 years 95% Years fixed at 31/08/2023 Blended cost of debt 1.7% at 31

  61. Slide 61: Modelling details for FY2024

    Sodexo excluding Pluxee Appendix 8 Modelling details for FY2024 (At constant rates) Scope change effect on Fiscal 2024 Other income Net financial Tax rate (1) revenues and expenses (1) (2) expenses ~ -2% ~ €-90m ~ €100m ~ 26-27% (1) Excluding impacts of scope change, in particular Pluxee deconsolida

  62. Slide 62: Number of shares

    Sodexo Appendix 9 Number of shares Company’s share capital AUGUST 31, 2023 FEBRUARY 28, 2023 AUGUST 31, 2022 Company’s share capital, number of shares 147,454,887 147,454,887 147,454,887 Treasury shares 1,084,126 1,473,046 841,102 Net number of shares 146,370,761 145,981,841 146,613,785 Number of sh

  63. Slide 63: Growth indicator definitions

    Appendix 10 Growth indicator definitions Client Retention Business development Client retention rate is the percentage of prior fiscal year revenue retained in this The business development rate is the annualized estimated revenue for new contracts current fiscal year. It is derived by considering p

  64. Slide 64: Alternative Performance Measure - Definitions 1/2

    Appendix 11a Alternative Performance Measure - Definitions 1/2 Organic growth Organic growth corresponds to the increase in revenue for a given period (the "current Reimbursement volume period") compared to the revenue reported for the same period of the prior fiscal year, Reimbursement volume corre

  65. Slide 65: Alternative Performance Measure - Definitions 2/2

    Appendix 11b Alternative Performance Measure - Definitions 2/2 Blended cost of debt Underlying Net Profit The blended cost of debt is calculated at period end and is the weighted blended of Underlying Net profit presents a net income excluding significant unusual and/or financing rates on borrowings

  66. Slide 66: APM – Sodexo excluding Pluxee

    APM – Sodexo excluding Pluxee Appendix 12a Financial ratios definitions & reconciliation Fiscal 2023 Fiscal 2022 restated Borrowings (1) – operating cash (2) Gearing ratio 64.1% 79.3% Shareholders’ equity and non-controlling interests Borrowings (1) – operating cash (2) Net debt ratio 2.4 3.4 Rollin

  67. Slide 67: APM - Financial ratios definitions & reconciliation

    APM - Sodexo excluding Pluxee Appendix 12b Financial ratios definitions & reconciliation In million euros Fiscal 2023 Fiscal 2022 restated Long-term borrowings 5,056 5,665 + Short-term borrowings 537 34 (1) Borrowings (1) - Derivative financial instruments recognized as assets (5) (3) Borrowings 5,5

  68. Slide 68: APM – Financial ratios definitions & reconciliation

    APM – Sodexo excluding Pluxee Appendix 12c Financial ratios definitions & reconciliation In million euros Fiscal 2023 Fiscal 2022 restated Underlying operating profit 976 815 (4) Underlying operating profit after tax Underlying Effective tax rate 25.7% 27,5% Underlying operating profit after tax 725

  69. Slide 69: Financial calendar

    Appendix 13 Financial calendar December 15, January 5, April 5, 2023 2024 2024 Fiscal 2023 First quarter First half Annual Fiscal 2024 Fiscal 2024 Shareholders Revenues Results Meeting These dates are purely indicative and are subject to change without notice. Regular updates are available in the ca

  70. Slide 70: Key figures

    Sodexo excluding Pluxee Appendix 14 Key figures As of August 31, 2023 ▬ Founded in 1966 by Pierre Bellon ▬ As at 31/08/2023, Bellon S.A. holds 42.8% of capital (57.9% of voting rights) €22.6bn revenues ▬ Our purpose is to create a better everyday for everyone to build a better life for all 430,000 e

  71. Slide 71: Investor relations contacts

    Appendix 15 Investor relations contacts Head of Investor Relations ▬ Virginia JEANSON Tel: + 33 1 57 75 80 56 virginia.jeanson@sodexo.com Deputy Head of Investor Relations Deputy Head of Investor Relations ▬ Pauline BIREAUD ▬ Juliette KLEIN Tel: + 33 1 85 65 31 46 pauline.bireaud@sodexo.com juliette

  72. Slide 72: Disclaimer

    Appendix 16 Disclaimer Certain information included in this presentation are forward-looking statements, including in relation to the proposed spin-off and listing of Pluxee. These forward- looking statements are based on current beliefs, expectations and assumptions, including, without limitation,

  73. Slide 73: Sodexo

    * Sodexo

Sodexo — FY2023 Earnings Presentation on 6ix