Slide 1: First half 2014-2015 results
hol H Beausetrentole ElIOr CO) First half 2014-2015 results
Slide 2: Disclaimer
This document was prepared by Elior for the sole purpose of this presentation. This presentation includes only summary information and does not purport to be comprehensive. The information contained in this document has not been independently verified. No representation or warranty, express or impli
Slide 3: Agenda
1 Key highlights 2 Group financial performance 3 Performance by division 4 Outlook 5 Q&A
Slide 4: First half financial performance in line with expectations
First half financial performance in line with expectations * Total revenue growth at 5.6%, including 2.8% organic growth + +2.3% organic in Contract Catering & Support Services + +4,1% organic in Concession Catering & Travel Retail ¢ EBITDA up 4.3% + EBITDA margin slightly down yoy due to ramp-up of
Slide 5: Good momentum in contract signature in the first half
Good momentum in contract signature in the first half France International * In City tower in Lyon * Correction centers in New Mexico * Stade de France * Harrys County Texas juvenile corrections * Fondation Caisses d’Epargne Solidarité * Old people’s homes and Royal Air Force sites in the UK * Génér
Slide 6: Openings, innovation and new concepts to drive future growth
Openings, innovation and new concepts to drive future growth Contract catering & Support Services ¢ Priamo concept implemented in Italy: economy catering Formula relying on products manufactured by the food industry * Opening of central kitchens in Madrid and Valladolid * “Bon app” digital applicati
Slide 7: Changes in governance and capital structure
Changes in governance and capital structure * March 10: Philippe Salle appointed Director and Chairman of the Board * April 29: Philippe Salle appointed Chairman and Chief Executive Officer * Composition of the Board of Directors: 9 Directors * 1 Chairman and CEO + Arepresentatives of Charterhouse a
Slide 8: Strengthening position in Concessions
Strengthening position in Concessions ¢ ELIOR to acquire 38.45% minority stake in AREAS bringing its stake to 100% ¢ Emesa (current owner) to become a significant shareholder in ELIOR + Upto 5.22% of the capital + One seat at the Board of Directors (at the next AGM) * Total price consideration : + C
Slide 9: Further improvement in financing conditions
Further improvement in financing conditions ¢ Reminder of 2013-2014 steps + Repricing in February 2014 + Capital raise through IPO in June 2014 ¢ 2014-2015 further actions: + Senior debt refinancing in December 2014 + Securitization conditions improved in February 2015 + THS refinancing in May 2015
Slide 10: Group financial performance
1 Key highlights 2 Group financial performance 3 Performance by division 4 Outlook 5 Q&A
Slide 11: Strong revenue growth driven by organic and external growth
Strong revenue growth driven by organic and external growth REVENUE - €M Organic growth +2.8% 3.000 _—> 2,823 2.672 — faa an 2500 719 erimeter a +0.8% 2.000 impact 1500 # of days ° +0.1% 1000 impact 500 . Forex impact +1.9% 0 H1 2013-2014 H1 2014-2015 HI Contract Catering & Support Services Hl Conce
Slide 12: Strong and steady profitability
Strong and steady profitability EBITDA - €M EBIT - €M % of revenue % of revenue % of revenue % of revenue 250 73% 196-——Weemeed I—> 204 7.2% 0% BES 28 47% 126—— > 127 4.5% 150 100 180 7.1% 6.8% 37% 8.5% J 3 50 0 -4 -4 : -50 H1 2013-2014 H1 2014-2015 H1 2013-2014 H1 2014-2015 HI Contract Catering & S
Slide 13: Consolidated Income Statement
Consolidated Income Statement First half First half Yoy Comments 2014-2015) 2013-2014 | change Revenue 2,822.7 EBITDA”) 204.4 EBIT”) 126.7 Non-recurring (16.7) Financial charges (42.2) Income tax (30.1) Minority interest 2.5 NET INCOME GROUP SHARE ce 1) After application of IFRIC 21 13°. FIRST HALF
Slide 14: Consolidated Cash Flow Statement and Net Debt Evolution
Consolidated Cash Flow Statement and Net Debt Evolution EBITDA Change in WCR Net Capex Operating Cash Flow Cash interest & tax Acquisitions / disposals & others Net Free Cash Flow Change in equity, forex & dividend Change in debt Net debt (-) / cash (+) 204.4 (121.7) (90.2) (7.5) (48.8) (81.9) (138.
Slide 15: Performance by division
1 Key highlights 2 Group financial performance 3 Performance by division 4 Outlook 5 Q&A
Slide 16: Contract Catering & Support Services Revenue by Region
Contract Catering & Support Services Revenue by Region Revenue Organic growth France Perimeter and number of days Total growth Revenue Organic growth International Perimeter and forex changes Total growth Total Revenue 1,124 +0.7% +0.3% +1.0% 979 +4.3% +7.4% +11.6% 2,104 1,113 877 1,990 ¢ BGI: highe
Slide 17: Contract Catering & Support Services Profitability by Region
Contract Catering & Support Services Profitability by Region EBITDA France EBITDA margin EBITDA International EBITDA margin Total EBITDA 17 «FIRST HALF RESULTS PRESENTATION « MAY 29, 2015 105.5 9.4% 74.2 7.6% 179.7 104.7 9.4% 69.2 7.9% 173.9 * Strong performance in BGl * Education performance affect
Slide 18: Concession Catering & Travel Retail Revenue by Region
Concession Catering & Travel Retail Revenue by Region Revenue 432.5 412.5 * Motorways: strong growth in Italy (opening of new service areas) and stable activity in France France Organic growth +4.9% * Airports: sharp upturn in Italy (new points of Belgium sale in Rome and new airports) offsetting Ge
Slide 19: Concession Catering & Travel Retail Profitability by Region
Concession Catering & Travel Retail Profitability by Region France Belgium Germany Italy Spain Portugal Americas Total EBITDA EBITDA margin EBITDA EBITDA margin EBITDA 19 FIRST HALF RESULTS PRESENTATION « MAY 29, 2015 18.7 4.3% 10.0 3.5% 28.7 15.9 3.9% 10.4 3.9% 26.3 * Strong performance in Italy an
Slide 20: Tight control of capex
Tight control of capex % of revenue % of revenue 100 "3.6% 95.6 —(WGKaIy 90 > 90.2 3.2% . ¢ End of investment programs on US 80 turnpikes 70 «0 22% (ila 9.5% * Start-up of new contracts in BGl and 50 Education in France and in Spain 40 and the US 30 20 spo eS 2.2% Signifi or 9% ignificant reduction
Slide 21: Outlook
1 Key highlights 2 Group financial performance 3 Performance by division 4 Outlook 5 Q&A
Slide 22: Guidance
Note: Guidance to be considered in conjunction with the assumptions detailed in the Document de Base
Slide 23: Financial agenda
Financial agenda * September 2, 2015: Q3 2014-2015 results ¢ September 2015: Investor day in London (TBD) * December 11, 2015: FY 2014-2015 results ELIOR Euronext Paris - SBF 120 ISIN: FR 0011950732 23° .FIRST HALF RESULTS PRESENTATION « MAY 29, 2015 elior ©
Slide 24: Q&A
1 Key highlights 2 Group financial performance 3 Performance by division 4 Outlook 5 Q&A
Slide 25: Thank you!
B he whol H Beausetrentole ElIOr CO) Thank you!