Slide 1: 2016 Results
2016 RESULTS MARCH 23, 2017
Slide 2: Agenda
AGENDA 1 Group overview 3 2 Business review 2016 14 3 Appendix 31 2
Slide 3: Group Overview
GROUP OVERVIEW Bollord\
Slide 4: Share Price Evolution
BOLLORÉ GROUP SHARE PRICE EVOLUTION STOCK MARKET PRICE AT 03/17/17: €3.6 | MARKET CAPITALIZATION: €10.4Bn Δ (%) Since 01/01/17 1 year 10 years Bolloré 6.8% (1.7%) 142.1% 5,5 SBF 120 3.1% 13.5% 0.8% 5,0 4,5 4,0 3,5 3,0 2,5 2,0 1,5 1,0 0,5 0,0 Mar‐07 Mar‐08 Mar‐09 Mar‐10 Mar‐11 Mar‐12 Mar‐13 Mar‐14 Ma
Slide 5: 2016 Results Key Figures
BOLLORÉ GROUP 2016 RESULTS KEY FIGURES Group turnover: €10,076 million ‐7% (‐5% at constant scope and exchange rates) EBITDA: €1,022 million, ‐8% Operating income: €627 million, ‐11% Group share of net income: €440 million, ‐22% Net cash flow from operations: €1,107 million vs. €1,133 million in 201
Slide 6: Group Structure
BOLLORÉ GROUP GROUP STRUCTURE ECONOMIC ORGANIZATIONAL CHART AT 12/31/2016 (IN % OF CAPITAL) VIVENDI Bolloré increased its stake in Vivendi in Oct. 2016 90.8% (1) Sofibol: 55.3% ‐ The early unwinding in cash of the hedging and (2) Compagnie du Cambodge: 19.1% financing operations that was carried o
Slide 7: Summary of Main Financial Items in 2016
BOLLORÉ GROUP 2016 RESULTS SUMMARY OF MAIN FINANCIAL ITEMS IN 2016 in millions of euros 2016 2015 Change Turnover 10,076 10,824 (7%) EBITDA: ‐8% EBITDA (1) 1,022 1,114 (8%) Operating income: ‐11% due to the Depreciation, amortization and provisions (394) (413) (4%) decline in operating results in th
Slide 8: Turnover
BOLLORÉ GROUP TURNOVER CHANGES IN TURNOVER BY BUSINESS SECTOR 2016 2015 Reported Organic in millions of euros growth growth Transportation & Logistics 5,458 6,051 (10%) (7%) Oil logistics 1,965 2,238 (12%) (12%) Communications (Havas, Media, Telecoms) 2,321 2,247 3% 3% Electricity Storage and Soluti
Slide 9: Operating Income by Business
BOLLORÉ GROUP OPERATING INCOME BY BUSINESS CHANGE IN OPERATING INCOME BY BUSINESS OPERATING INCOME ‐ BOLLORÉ TRANSPORT & LOGISTICS (€M) in millions of euros 2016 2015 Change 593 606 580 Bolloré Transportation & Logistics 545 606 (10%) 535 545 % Turnover 7.3% 7.3% 2 bps 442 Transportation & Logistiqu
Slide 10: Financial and Equity Accounted Income
BOLLORÉ GROUP FINANCIAL AND EQUITY ACCOUNTED INCOME CHANGES IN FINANCIAL INCOME 2016 Financial income of €164 M, specifically including: €325 M in net dividends received in millions of euros 2016 2015 Change from Vivendi, equal to those received Net dividends and income from investments in in 2015
Slide 11: Change in Net Debt
BOLLORÉ GROUP CHANGE IN NET DEBT CHANGE IN NET DEBT in millions of euros 2016 2015 Change Cash flow (1) 1,112 1,207 (94) Change in WCR (+ = reduction) (5) (73) 68 Net cash flow from operations 1,107 1,133 (26) Net capital expenditures (658) (771) 114 Net financial investment (60) (2,539) 2,479 Divid
Slide 12: Balance Sheet – Portfolio – Liquidity
BOLLORÉ GROUP BALANCE SHEET– PORTFOLIO‐ LIQUIDITY NET DEBT AND VALUE OF THE PORTFOLIO GEARING EVOLUTION (%) 46% in millions of euros 2016 2015 Change 41% 38% Shareholders' equity 10,281 11,285 (1,004) of which Group share 8,915 9,947 (1,031) 26% Net debt 4,259 4,281 (22) 19% 18% (1) Gearing (%) 41%
Slide 13: Dividend
BOLLORÉ GROUP DIVIDEND CHANGES IN PAID DIVIDEND PER SHARE (€ PER SHARE) 0,060 0,060 0,060 (1) 2016 statutory income €43 M Distributable amount 0,030 0,033 0,031 0,031 €1,982 M 0,013 KEY DATES 0,020 0,020 0,020 0,020 0,020 0,020 0,020 General Meeting June 1st, 2017 2009 2010 2011 2012 2013 2014
Slide 14: Business Review 2016
BUSINESS REVIEW 2016 Bollore\
Slide 15: Bolloré Transport & Logistics
BOLLORÉ TRANSPORT & LOGISTICS BOLLORÉ TRANSPORT & LOGISTICS 4 UNITS TO DELIVER A WORLDWIDE LOGISTICS OFFER A LEADING OPERATOR IN A GLOBAL PLAYER IN 1ST INDEPENDENT PLAYER IN FREIGHT FORWARDING AND MAJOR RAILWAY OPERATOR PORT CONCESSIONS FRANCE IN OIL LOGISTICS LOGISTICS AND DEVELOPER IN AFRICA AND D
Slide 16: Transportation & Logistics
BOLLORÉ TRANSPORT & LOGISTICS TRANSPORTATION & LOGISTICS KEY FIGURES 2016 FINANCIAL ITEMS in millions of euros 2016 2015 Change Organic Growth Transportation & Logistics Turnover Bolloré Logistics 3,085 3,363 (8%) (8%) Bolloré Africa Logistics 2,373 2,688 (12%) (6%) Turnover 5,458 6,051 (10%) (7%) E
Slide 17: Bolloré Logistics
BOLLORÉ TRANSPORT & LOGISTICS BOLLORÉ LOGISTICS 2016 RESULTS 2016 Turnover: €3,085 M, ‐7.8% at constant scope and exchange rates due to the decline in freight rates partly offset by the rise in volumes in freight forwarding and logistics activities. 2016 Results, featuring: continued growth in fre
Slide 18: Bolloré Africa Logistics
BOLLORÉ TRANSPORT & LOGISTICS BOLLORÉ AFRICA LOGISTICS 2016 RESULTS 2016 Turnover: at €2,373 M, ‐6%, at constant scope and exchange rate. The slight growth in the port terminals business was offset by the drop already announced in the logistics and warehousing business in certain African countries (
Slide 19: Bolloré Energy
BOLLORÉ TRANSPORT & LOGISTICS BOLLORÉ ENERGY 2016 RESULTS A STRONG OIL DISTRIBUTION AND LOGISTICS NETWORK in millions of euros 2016 2015 Change Turnover 1,965 2,238 (12%) Operating income 54 37 47% Operating margin (%) 2.8% 1.7% 111 bps Investments 18.5 23.7 (22%) Turnover: down 12% due primarily
Slide 20: Communications
COMMUNICATIONS COMMUNICATIONS 2016 RESULTS in millions of euros 2016 2015 Change Turnover 2,321 2,247 3% Operating income 282 255 11% Operating margin (%) 12.1% 11.3% 81 bps Investments 95 74 28% 11% rise in operating income attributable to: solid results from Havas, supported by strong performanc
Slide 21: Havas
COMMUNICATIONS HAVAS 2016 RESULTS PUBLISHED BY HAVAS SHARE PRICE EVOLUTION (PRICE IN €) 9.0 Market Cap. (as of 17/03/17): €3.47 Bn in millions of euros 2016 2015 Change 8.0 Turnover 2,276 2,188 4% 7.0 organic growth 3.1% 5.1% ‐ 6.0 Income from operations 329 315 4% 5.0 Income from operations margin
Slide 22: Media & Telecoms
COMMUNICATIONS MEDIA & TELECOMS 2016 KEY FIGURES DIRECT MATIN average circulation close to 908,400 copies (1) up 2.5% (2.4 million readers per issue); digital version, Directmatin.fr: 2.5 million visitors for more than 9 million page views per month (2). TELECOMS Frequency 3.5 Ghz 22 regional
Slide 23: Shareholding in Vivendi
COMMUNICATIONS SHAREHOLDING IN VIVENDI 2016 KEY FIGURES REPORTED BY VIVENDI (IFRS) SHARE PRICE EVOLUTION (PRICE IN €) (1) 200 190 Market Cap. (as of 17/03/17): €22.05 Bn in millions of euros 2016 2015 Change 180 170 Revenues 10,819 10,762 1% 160 150 EBIT 1,194 1,231 (3%) 140 EBITA 724 942 (23%) 130
Slide 24: Electricity Storage and Solutions
ELECTRICITY STORAGE & ELECTRICITY STORAGE AND SOLUTIONS SOLUTIONS BLUE SOLUTIONS, BLUE APPLICATION, PLASTIC FILMS 2016 RESULTS in millions of euros 2016 2015 Change Turnover 310 265 17% organic growth 17% 9% Operating income (168) (126) Investments (207) (250) Turnover from industrial activities: €3
Slide 25: Blue Solutions
ELECTRICITY STORAGE & BLUE SOLUTIONS SOLUTIONS 2016 RESULTS REPORTED BY BLUE SOLUTIONS SHARE PRICE CHANGES SINCE THE IPO (PRICE IN €) 43,0 IPO: Oct. 30, 2013 at €14,50 in millions of euros 2,016 2,015 Change 38,0 Turnover 109 122 (10%) 33,0 EBITDA 18 22 (15%) Operating income (0) 3 NA 28,0 Operating
Slide 26: Blue Applications: Mobility
ELECTRICITY STORAGE & BLUE APPLICATIONS SOLUTIONS MOBILITY ACHIEVEMENTS IN 2016 Car‐sharing (1) more than 4,900 electric vehicles | including 3,960 Autolib’; 1,500 stations equipped with 7,800 charging terminals | of which 1,100 stations and 6,200 terminals for Autolib’; 118,000 active premium
Slide 27: Blue Applications: Stationary, IER, Plastic Films
ELECTRICITY STORAGE & BLUE APPLICATIONS SOLUTIONS STATIONARY APPLICATIONS, IER, POLYCONSEIL & PLASTIC FILMS ACHIEVEMENTS IN 2016 Stationary many projects being studied to pair storage with production of solar power (including Africa and French overseas departments & territories…); implementation
Slide 28: Other Assets (1/3)
OTHER ASSETS OTHER ASSETS (1/3) MARKET VALUE OF THE LISTED SHARE PORTFOLIO: €4 553 M AS OF DECEMBER 31ST, 2016 Vivendi (1) : €3 645 M (2) Mediobanca (3) – Generali: €569 M 20% threshold of share capital and voting rights in Vivendi Main shareholding: Mediobanca (8%), in which the crossed in Octo
Slide 29: Other Assets (2/3)
OTHER ASSETS OTHER ASSETS (2/3) SOCFIN GROUP AND OTHER AGRICULTURAL ASSETS Socfin Group(1) the Group holds nearly 38.8% of Socfin, which manages 187,000 hectares of plantations in Asia and Africa. Income from plantations are stable compared to the previous year. ‐ palm oil price evolution: average
Slide 30: Other Assets (3/3)
OTHER ASSETS OTHER ASSETS(3/3) OTHER AGRICULTURAL ASSETS American farms and vineyards American farms ‐ three farms located in Georgia and Florida covering 3,300 hectares (8, 160 acres). Management is assigned to the Socfin Group; ‐ current capital expenditure plan (US $33 M) to convert farms 1,800
Slide 31: Appendix
APPENDIX Bollore\
Slide 32: 2016 Consolidated Balance Sheet
FINANCIAL RESULTS 2016 CONSOLIDATED BALANCE SHEET Assets ‐ in millions of euros st Dec. 31 , 2016 st Dec. 31 , 2015 Liabilities ‐ in millions of euros Dec. 31st, 2016 Dec. 31st, 2015 Goodwill 3,005.8 2,964.9 Share capital 465.7 463.2 Intangible assets 1,340.6 1,233.9 Share issue premiums 1,198.9 1,1
Slide 33: 2016 Consolidated Results
FINANCIAL RESULTS 2016 CONSOLIDATED RESULTS st st In millions of euros Dec. 31 , 2016 Dec. 31 , 2015 Turnover 10,075.6 10,824.0 Goods and services bought in (6,419.2) (7,155.6) Staff costs (2,714.5) (2,645.7) Amortization and provisions (394.5) (413.1) Other operating income 250.8 265.3 Other operat
Slide 34: 2016 Consolidated Cash Flow Statement
FINANCIAL RESULTS 2016 CONSOLIDATED CASH FLOW STATEMENT st st In millions of euros Dec. 31 , 2016 Dec. 31 , 2015 st st In millions of euros Dec. 31 , 2016 Dec. 31 , 2015 Cash flow from investment activities Cash flow from operations Di s burs ements rel a ted to a cqui s i ti ons : ‐ property, plant
Slide 35: Changes in Shareholder's Equity
FINANCIAL RESULTS CHANGES IN SHAREHOLDER’S 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 36: Group Structure
Sofibol 55,3(7)(92,1) GROUP STRUCTURE Financière de l'Odet 9,2* 19,1 (0,0) Compagnie du Cambodge** 5,6 (0,0) Société Industrielle et Financière de l'Artois** 4,9 (0,0) Financière Moncey** 3,6 (0,0) Imperial Mediterranean ** (IN % OF CAPITAL) 2,3 (0,0) Nord-Sumatra Investissements ** 63,8 (77,9) AS O