Slide 1: Results for first half 2012
Results for first half 2012 August 31, 2012 0 Bolloré - First half 2012
Slide 2: Change in share price
CHANGE IN SHARE PRICE in euros (monthly average) Performance Performance 200 over 8 years over 1 year 180 160 + 279 % + 17 % 140 120 +148% 100 80 60 +2% +8% 40 +13% 20 2004 2005 2006 2007 2008 2009 2010 2011 2012 Bolloré SBF 120 Index-linked 1 Bolloré - First half 2012
Slide 3: Economic organization chart at June 30, 2012
ECONOMIC ORGANIZATION CHART at June 30, 2012 (as a percentage of capital) First half 2012: (1) Sofibol 55.2% (2) Compagnie du Cambodge 19.1% Financière de l'Odet (2) Société Industrielle et Financière de l'Artois 5.6% (2) Financière de Moncey 4.9% • Acquisition by Financière de l’Odet of (2) (2) Imp
Slide 4: Summary of results for the first half of 2012
SUMMARY OF RESULTS FOR THE FIRST HALF OF 2012 Turnover: 4.7 billion euros, up 16%. EBITDA up 43% thanks to strong earnings growth in transport and logistics, fuel distribution and to improved performance in other business activities (IER, media, telecommunications, holdings). Operating income:
Slide 5: Consolidated results
Employees: 38,000 people CONSOLIDATED RESULTS In millions of euros 1st half 2010 1st half 2011 (1) 1st half 2012 Turnover 3,292 4,032 4,683 +16% 220 316 +43% Ebitda 200 Amortization, depreciation and provisions (86) (84) (174) x2 Operating income 114 136 142 +5% Financial Income (20) 121 (1) Share i
Slide 6: Balance sheet, portfolio, liquidity
BALANCE SHEET, PORTFOLIO, LIQUIDITY In millions of euros December 31, 2010 December 31, 2011 June 30, 2012 Shareholders' equity (1) 4,026 4,113 4,782 of which group share (1) 3,729 3,796 4,447 Net debt 1,760 1,884 2,224 Net debt/equity ratio 0.44 0.46 0.47 Market value of the 2,208 1,859 2,286 portf
Slide 7: Turnover
TURNOVER Change at constant scope and Media, telecoms, 1st half 2011 1st half 2012 Change exchange rates In millions of euros Electricity storage plantations, and solutions holdings Transport and Logistics 2,335 2,650 +13% +11% Fuel distribution 1,477 1,817 +23% +16% Electricity storage and solution
Slide 8: Operating income by business
OPERATING INCOME BY BUSINESS Operating income from the transport & logistics and fuel distribution business sectors In millions of euros 1st half 2011 1st half 2012 (in €millions) Transport and logistics (1) 187 263 442 Fuel distribution 10 15 400 197 278 366 Electricity storage and solutions (33) (
Slide 9: Financial income
FINANCIAL INCOME In millions of euros 1st half 2011 1st half 2012 Dividends and income from investment securities 13 49 Net cost of financing (28) (40) Other financial and expenses 136 (10) Financial Income 121 (1) During the first half of 2011, financial income benefited from a 141 million euro g
Slide 10: Share in net income of affiliated companies
SHARE IN NET INCOME OF AFFILIATED COMPANIES In millions of euros 1st half 2011 1st half 2012 Share in net income of affiliated companies 41 76 The share in net income of affiliated companies has been boosted by strong earnings by Havas (18 million euros) and the plantations division (24 million eu
Slide 11: Change in debt
CHANGE IN DEBT In millions of euros 1st half 2011 1st half 2012 Cash flow gross margin (1) 193 314 Change in working capital requirements (+= decrease) (100) (119) Business net cash flow 93 195 Net capital expenditure (139) (223) Net non-trading investments 234 (299) Dividends paid (43) (61) Net fin
Slide 12: Parent-company earnings – proposed interim dividend
PARENT-COMPANY EARNINGS – PROPOSED INTERIM DIVIDEND Net company income for the first half of 2012: 95 million euros versus 107 million euros during the first half of 2011. Distributable profit: 694 million euros. Proposal to pay an interim dividend of 2 euros, as in September 2011, i.e., a tot
Slide 13: Transport and logistics
TRANSPORT AND LOGISTICS In millions of euros 1st half 2011 1st half 2012 Turnover 2,335 2,650 +13% Operating income 187 263 +41% Investments 93 104 +12% Agencies 12 Bolloré - First half 2012
Slide 14: Bolloré Logistics
BOLLORE LOGISTICS ONE OF THE WORLD'S LEADERS IN TRANSPORT AND LOGISTICS ORGANIZATION First-half turnover, 2012: 1,455 million euros, up 6% (3% at constant scope and exchange rates), despite a difficult situation with a slowdown in global trade since the beginning of the second quarter of 2012. S
Slide 15: Bolloré Africa Logistics
BOLLORE AFRICA LOGISTICS THE LARGEST INTEGRATED LOGISTICS NETWORK IN AFRICA A very good first half 2012 for Bolloré Africa Logistics, with turnover increasing by 24% (22% at constant scope and exchange rates). Corridors This performance can mainly be explained by: Agencies Port concessions - A s
Slide 16: Bolloré Energie
BOLLORE ENERGIE SECOND DISTRIBUTOR FOR DOMESTIC FUEL OIL IN FRANCE In millions of euros 1st half 2011 1st half 2012 Turnover 1,477 1,818 Operating income 10 15 Investments 6 5 Agencies and warehouses LCN (Agencies and storage) SFDM pipeline +16% growth in turnover at constant scope and exchange ra
Slide 17: Electricity storage and solutions
ELECTRICITY STORAGE AND SOLUTIONS BATTERIES, SUPERCAPACITATORS, ELECTRIC VEHICLES, PLASTIC FILMS In millions of euros 1st half 2011 1st half 2012 Turnover (1) 112 107 Operating income (112) (33) Investments 32 134 X4 (1) Excluding IER turnover through Autolib’, adjusted in Bolloré's accounts. Incr
Slide 18: Electricity storage and solutions
ELECTRICITY STORAGE AND SOLUTIONS Batteries, supercapacitors, plastic films Continued investment to increase the industrial capacity in battery production. The additional capacity provided by the new plant in Brittany and the plant in Canada, should allow the Group to produce 20,000 x 30 kWh batte
Slide 19: Electricity storage and solutions
ELECTRICITY STORAGE AND SOLUTIONS IER IER, which focused on the development of Autolib' during the first half of 2012, gained a new earnings growth in its activities. - Self-service and registration: IER was favored by steady business in charging stations, while its aviation sales were hurt by the
Slide 20: Plantations
PLANTATIONS Satisfactory results despite the drop in both the price of palm oil (-8%) and especially the price of rubber (-30%), which remain nevertheless at historically high levels. Safa Cameroun (9,000 hectares of rubber trees and oil palms): 31% decrease in turnover to 10.5 million euros, du
Slide 21: Plantations
PLANTATIONS - Lac and Salala, in Liberia, (18,300 hectares of rubber trees): net income down by 5 million euros versus 10 million euros at June 30, 2011, due to the drop in price and competition among rubber suppliers in the refining business. - SOGB, in the Ivory Coast, (23,200 hectares of oil palm
Slide 22: Communication, media
COMMUNICATION, MEDIA Television and free press • Strong performance by Direct 8, Direct Star and Direct Matin with advertising income up 5% to 57 million euros. • Sale of the Direct 8 and Direct Star channels to the Canal+ Group in progress, in exchange for a 1.7% stake in Vivendi's capital. Now t
Slide 23: Communication, media
COMMUNICATION, MEDIA Advertising • Havas: - Revenue of 829 million euros during the first half of 2012 (+8%), +3% organic growth. - Current operating income: 98 million euros (+4%), net income, Group share: 56 million euros, up 5%. - New business: 1.3 billion euros. - Net debt: 510 million euros a
Slide 24: Shareholdings
SHAREHOLDINGS The market value of the portfolio of listed securities owned by the Bolloré Group amounted to 2,286 million euros at June 30, 2012. Main shareholdings at June 30, 2012: Havas (1): following the share buyback offer issued by Havas, published on June 19, 2012, the Bolloré Group's stake
Slide 25: First half 2012 financial statements
FIRST HALF 2012 FINANCIAL STATEMENTS 24 Bolloré - First half 2012
Slide 26: Income statement
INCOME STATEMENT (in thousands of euros) June 2012 June 2011 December 2011 Turnover 4,682,893 4,031,805 8,490,532 Goods and external charges (3,824,996) (3,306,092) (6,956,643) Staff costs (557,169) (500,854) (1,030,002) Amortization, depreciation and provisions (173,424) (84,529) (208,027) Other op
Slide 27: Balance sheet
BALANCE SHEET (in thousands of euros) 6/30/2012 12/31/2011 01/01/2011 Assets Goodwill 1,085,816 1,084,429 1,127,133 Intangible assets 365,643 321,259 197,106 Property, plant and equipment 1,218,261 1,180,235 1,091,769 Securities valued by the equity method 1,227,325 1,163,217 802,005 Other financial
Slide 28: Consolidated cash flow statement
CONSOLIDATED CASH FLOW STATEMENT (in thousands of euros) June 2012 June 2011 December 2011 Cash flows linked to the activity Net income, Group share 103,554 213,900 320,675 Minority interests share 37,285 19,069 56,988 Consolidated net income 140,839 232,969 377,662 Expenses and income not affecting
Slide 29: Consolidated cash flow statement (continued)
CONSOLIDATED CASH FLOW STATEMENT (continued) Cash flow from investment activities Disbursement: tangible fixed assets (212,461) (124,147) (281,796) - intangible fixed assets (12,292) (28,914) (50,647) - conceded fixed assets (20,228) 0 (64,402) - securities and other financial fixed assets (508,909)
Slide 30: Statement of changes in shareholders' equity
STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY Actuarial Shareholders' Number Own shares Fair value Translation Minority (in thousands of euros) Capital Premiums losses and Reserves equity, TOTAL of shares held IAS 39 reserves interests gains Group share Shareholders' equity as at 1/1/2011 21,391,076
Slide 31: Group structure
GROUP STRUCTURE Sofibol (9) 55.2 (91.2) At June 30, 2012 19.1 (0.0) Compagnie du Cambodge** 5.6 (0.0) Société Industrielle et Financière de l'Artois** Financière de I'Odet 4.9 (0.0) Financière Moncey** 9.2* 3.6 (0.0) Imperial Mediterranean** 2.3 (0.0) Nord-Sumatra Investissements** 68.2 (73.9) 3.5 (