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Bollore — FY2015 Earnings Presentation

35 slides from Bollore's earnings presentation, Mar 24, 2016

  1. Slide 1: 2015 Results

    2015 RESULTS MARCH 24, 2016 1

  2. Slide 2: 2015 Results

    2015 RESULTS Bollore\

  3. Slide 3: Changes in share price and market capitalization

    GROUPE BOLLORÉ 2015 RESULTS CHANGES IN SHARE PRICE(1) MARKET CAPITALIZATION as at March 17, 2016: €10.7 billion Δ (%) 1 an 10 ans Bolloré (27.6%) 160.1% 5.5 SBF 120 (10.1%) (5.0%) 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 1/1/2005 1/1/2006 1/1/2007 1/1/2008 1/1/2009 1/1/2010 1/1/2011 1/1/2012 1/1/

  4. Slide 4: Key figures

    2015 RESULTS KEY FIGURES Group turnover: €10,824 million + 2% (- 2% at constant scope and exchange rates) EBITDA: €1,114 million, + 9% Operating income: €701million, + 8% Group share of net income: €564 million, + 161% Net Cash Flow from activities: €1,133 million, up by €350 million over 2014 Net d

  5. Slide 5: Group structure

    GROUPE BOLLORÉ GROUP STRUCTURE ECONOMIC ORGANIZATIONAL CHART AS AT 12/31/2015 (in % of capital) OPERATIONS IN 2015 (1) Sofibol: 55.3% 90.8% Havas (2) Cie du Cambodge: 19.1% Financière de l'Odet Financière Artois: 5.6%  Exchange offer with Havas finalized in Financière de Moncey: 4.9% February 2015,

  6. Slide 6: Summary of main financial items in 2015

    GROUPE BOLLORÉ 2015 RESULTS SUMMARY OF MAIN FINANCIAL ITEMS IN 2015 en millions d'euros 2015 2014 (4) Variation Chiffre d'affaires 10 824 10 604 2% EBITDA up by 9% and OPERATING EBITDA (1) 1 114 1 022 9% INCOME up by 8% thanks to good Amortissements et provisions (413) (372) 11% performance by the T

  7. Slide 7: Turnover by business sector

    GROUPE BOLLORÉ TURNOVER BY BUSINESS SECTOR CHANGES IN TURNOVER BY BUSINESS SECTOR Croissance à périmètre et 2015 2014 Croissance change en millions d'euros publiée (%) constants (%) Transport & Logistique 6 051 5 629 7% 4% Logistique Pétrolière 2 238 2 781 (20%) (20%) Communication (Havas, Médias, T

  8. Slide 8: Operating income by business sector

    GROUPE BOLLORÉ OPERATING INCOME BY BUSINESS SECTOR CHANGES IN OPERATING INCOME BY BUSINESS SECTOR CHANGE IN OPERATING INCOME, BOLLORÉ TRANSPORTATION & LOGISTICS en millions d'euros 2015 2014 (1) Variation (%) 700 593 606 Transport & Logistique (2) 569 567 0,4% 580 600 535 Logistique Pétrolière 37 26

  9. Slide 9: Financial and equity accounted income

    GROUPE BOLLORÉ FINANCIAL AND EQUITY ACCOUNTED INCOME CHANGE IN FINANCIAL INCOME Financial income 2015  €187 million including €325 million in en millions d'euros 2015 2014 Variation (M€) dividends received from Vivendi (vs. €44 Dividendes et revenus nets de VMP 336 55 281 million in 2014). Coût net

  10. Slide 10: Changes in net debt

    GROUPE BOLLORÉ CHANGES IN NET DEBT CHANGES IN NET DEBT (€ MILLIONS)(1) en millions d'euros 2015 2014 Variation (M€) Marge brute d'autofinancement (1) 1 207 806 401 Variation du BFR (+ = réduction) (73) (23) (50) Flux net de trésorerie de l'activité 1 133 783 350 Investissements industriels nets (771

  11. Slide 11: Balance sheet - portfolio - liquidity

    GROUPE BOLLORÉ BALANCE SHEET - PORTFOLIO - LIQUIDITY NET DEBT AND VALUE OF THE PORTFOLIO CHANGE IN GEARING RATIO (%)(1) en millions d'euros 31-déc-15 31-déc-14 (4) Variation (M) Capitaux propres 11 285 9 707 1 578 dont part du Groupe 9 947 8 051 1 896 Endettement net 4 281 1 771 2 509 Gearing (%) 37

  12. Slide 12: Dividend

    GROUPE BOLLORÉ DIVIDEND CHANGE IN DIVIDENDS PAID(1) Company income 2015  €100 million (2) Distributable amount  €2,078 million KEY DATES General Meeting  June 3, 2016 Ex-dividend date  June 8, 2016 Payment  June 29, 2016 Proposed dividend: €0.06  of which an installment of €0.02 already paid i

  13. Slide 13: Business Review 2015

    BUSINESS REVIEW 2015 Bolloré\

  14. Slide 14: Bolloré Transport & Logistics

    BOLLORÉ TRANSPORTATION & LOGISTICS BOLLORÉ TRANSPORT & LOGISTICS A NEW ORGANIZATION - FOUR BUSINESS UNITS TO PROVIDE A WORLD CLASS LOGISTICS OFFERING A GLOBAL PLAYER IN A MAJOR PLAYER IN OIL A LEADING OPERATOR IN A MAJOR OPERATOR IN RAIL DISTRIBUTION AND LOGISTICS PORT OPERATIONS TRANSPORTATION & CO

  15. Slide 15: Transportation & Logistics

    BOLLORÉ TRANSPORTATION & TRANSPORTATION & LOGISTICS LOGISTICS KEY FIGURES FINANCIAL ITEMS IN 2015 en millions d'euros 2015 2014 Variation (%) CA Bolloré Logistics 3 363 3 073 9,4% CA Bolloré Africa Logistics 2 688 2 556 5,2% Total Chiffres d'Affaires Transport et Logistique 6 051 5 629 7,5% (1) EBIT

  16. Slide 16: Bolloré Logistics

    BOLLORÉ TRANSPORTATION & LOGISTICS BOLLORÉ LOGISTICS 2015 RESULTS Turnover in 2015: up by 2.4% at constant scope and exchange rates, to €3,363 million  Thanks to increased volumes in the freight forwarding business on the Asia-America, America- Africa and Europe-America lines. 2015 results marked b

  17. Slide 17: Bolloré Africa Logistics

    BOLLORÉ TRANSPORTATION & LOGISTICS BOLLORÉ AFRICA LOGISTICS 2015 RESULTS Bolloré Africa Logistics produced good results despite a business environment hit by a slump in commodity prices. Turnover in 2015: up by 5.9% at constant scope and exchange rates to €2,688 million  Growth in volumes handled a

  18. Slide 18: Bolloré Africa Logistics - three rail concessions

    BOLLORÉ TRANSPORTATION & LOGISTICS BOLLORÉ AFRICA LOGISTICS 2015 RESULTS THREE RAIL CONCESSIONS An investment program in rail concessions  Benin and Niger: rehabilitation of the Cotonou – Parakou section. Completion of the Niamey-Dosso rail link (140 km) with a view to connecting West African rail

  19. Slide 19: Bolloré Énergie

    BOLLORÉ TRANSPORTATION & BOLLORÉ ÉNERGIE LOGISTICS FINANCIAL ITEMS IN 2015 en millions d'euros 2015 2014 Variation (%) Chiffre d'Affaires 2 238 2 781 (19,5%) Résultat opérationnel 37 26 44,0% Marge opérationnelle (%) 1,7% 0,9% 73 bps Investissements 22 10 115,5% A 20% fall in turnover in a context o

  20. Slide 20: Communication

    COMMUNICATION COMMUNICATION FINANCIAL ITEMS IN 2015 en millions d'euros 2015 2014 Variation (%) Chiffre d'affaires 2 247 1 931 16,4% Résultat opérationnel 255 210 21,3% Marge opérationnelle (%) 11,3% 10,9% 46 bps (1) Investissements 57 62 (7,3%) Operating income in 2015 was boosted by a good perform

  21. Slide 21: Havas

    COMMUNICATION HAVAS FINANCIAL ITEMS IN 2015 PUBLISHED BY HAVAS en millions d'euros 2015 2014 Variation Chiffre d'Affaires 2 188 1 865 17,3% dont croissance organique 5,1% Résultat opérationnel 293 245 19,6% Marge opérationnelle (%) 13,4% 13,1% 30 bps Résultat net 191 157 21,7% Résultat net part du G

  22. Slide 22: Media & Telecoms

    COMMUNICATION MEDIA & TELECOMS 2015 RESULTS DIRECT MATIN – The N°1 French daily in terms of circulation Average circulation of nearly 900,000 copies(1) with 2.6 million readers per issue; Digital edition, Directmatin.fr: 1.8 million visitors (825,000 in 2014) for 8 million pages viewed monthly(2). T

  23. Slide 23: Electricity Storage & Solutions

    ELECTRICITY STORAGE & SOLUTIONS ELECTRICITY STORAGE & SOLUTIONS BLUE SOLUTIONS, BLUE APPLICATIONS, PLASTIC FILMS FINANCIAL ITEMS IN 2015 en millions d'euros 2015 2014 Variation (%) (1) Chiffre d'Affaires 265 237 12% dont croissance organique 9% Résultat opérationnel (126) (120) NA Investissements 25

  24. Slide 24: Electricity Storage & Solutions - Blue Solutions

    ELECTRICITY STORAGE & SOLUTIONS ELECTRICITY STORAGE & SOLUTIONS BLUE SOLUTIONS SHARE PRICE CHANGES FINANCIAL ITEMS IN 2015 PUBLISHED BY BLUE SOLUTIONS SINCE THE IPO (Oct. 30, 2013 at €14.50) en millions d'euros 2015 2014 Variation (%) Chiffre d'Affaires 122 97 25% EBITDA 22 10 115% Résultat opératio

  25. Slide 25: Blue Applications - Mobility

    ELECTRICITY STORAGE & SOLUTIONS BLUE APPLICATIONS - Mobility ACHIEVEMENTS IN 2015 Car-sharing (1)  A fleet of 4,300 electric vehicles | of which 3,540 Autolib’ cars;  1,300 stations fitted with 7,000 charging terminals | of which 1,100 stations and 6,000 terminals for Autolib’;  106,000 active an

  26. Slide 26: Blue Applications - Stationary applications, IER, Polyconseil and Plastic Films

    ELECTRICITY STORAGE & SOLUTIONS BLUE APPLICATIONS - Stationary applications, IER, Polyconseil and Plastic Films ACHIEVEMENTS IN 2015 Stationary applications  Bluestorage: electricity storage solutions, LMP batteries in containers to optimize energy consumption and offset the intermittent supply of

  27. Slide 27: Other Assets (1/3)

    OTHER ASSETS OTHER ASSETS (1/3) MARKET VALUE OF THE LISTED SHARE PORTFOLIO: €4,977 MILLION(Dec. 31, 2015) Vivendi (14.4%): Mediobanca(2) (7.9%) - Generali (0.13%) and  Holding increased from 5.1% to 14.4% Unipolsaï (0.04%)(3) during 2015, of which 2.5% is hedged;  Market value of shareholdings: €6

  28. Slide 28: Other Assets (2/3)

    OTHER ASSETS OTHER ASSETS (2/3) GROUPE SOCFIN AND OTHER AGRICULTURAL ASSETS Groupe Socfin(1)  the Group holds nearly 38,.% of Socfin, which manages 187,000 hectares (461,890 acres) of plantations in Asia and Africa. Net income was generally held back by a drop in the average price of rubber (down b

  29. Slide 29: Other Assets (3/3)

    OTHER ASSETS OTHER ASSETS (3/3) GROUPE SOCFIN AND OTHER AGRICULTURAL ASSETS Other agricultural assets  American farms: the three farms cover 3,000 hectares. Management is assigned to Groupe Socfin. ‐ Production: primarily soya and cotton, ‐ EBITDA: €0.1 million versus -€0.6 million in 2014, ‐ An in

  30. Slide 30: Appendix

    30 APPENDIX Bollore\

  31. Slide 31: Balance Sheet 2015

    FINANCIAL RESULTS BALANCE SHEET 2015 en millions d'euros 31-déc-15 31-déc-14 en millions d'euros 31-déc-15 31-déc-14 (1) (1) Actif Passif Goodwill 2 964,9 2 798,2 Capital 463,2 439,7 Immobilisations incorporelles 1 233,9 1 080,1 Primes liées au capital 1 163,6 549,3 Immobilisations corporelles 2 151

  32. Slide 32: Consolidated Income Statement 2015

    FINANCIAL RESULTS CONSOLIDATED INCOME STATEMENT 2015 en millions d'euros 2015 2014 (1) Chiffre d'affaires 10 824,0 10 603,7 Achats et charges externes (7 155,6) (7 286,0) Frais de personnel (2 645,7) (2 359,1) Amortissements et provisions (413,1) (372,2) Autres produits opérationnels 265,3 219,5 Aut

  33. Slide 33: Change in Consolidated Cash Flow

    FINANCIAL RESULTS CHANGE IN CONSOLIDATED CASH FLOW en millions d'euros 2015 2014 (1) Flux de trésorerie liés à l'activité Ré s ul ta t ne t pa rt du Groupe de s a cti vi té s pours ui vi e s 564,2 210,7 Pa rt de s i nté rê ts mi nori ta i re s de s a cti vi té s pours ui vi e s 163,1 184,0 Résultat

  34. Slide 34: Changes in Shareholders' Equity

    FINANCIAL RESULTS CHANGES IN SHAREHOLDERS’ EQUITY Nombre Titres Juste Pertes et Capitaux Réserves de Intérêts (en millions d'euros) d'actions hors Capital Primes d'auto- valeur gains Réserves propres part TOTAL conversion minoritaires autocontrôle contrôle IAS 39 actuariels du Groupe Capitaux propre

  35. Slide 35: Group Structure as at March 6, 2016

    27.0 Havas 17.5* 27.4 13 GROUP STRUCTURE AS AT MARCH 6, 2016 (2) BOLLORÉ 10.0 (1) 67.2 TRANSPORTATION & LOGISTICS Plantations des Terres Media, telecoms Rouges Bolloré Logistics (Luxembourg) (IN % OF CAPITAL) Sofibol 55,3 (7) (92,0) Bolloré Ports Compagnie de 100.0 22.8 Cornouaille (1) Compagnie du

Bolloré — FY2015 Earnings Presentation on 6ix