Slide 1: 2021 Results
SCHEIN 2021 RESULTS MARCH 10, 2022
Slide 2: Contents
CONTENTS 1 Summary 3 2 Review of activities 18 3 Appendices 31 2
Slide 3: 1 Summary
1 SUMMARY 3
Slide 4: Summary of 2021 Results
SUMMARY OF 2021 RESULTS(*) Very good results for all activities ▪ Revenue: €19,771m, +18% at constant scope and exchange ▪ Net debt: €3,428m, down by €5.7bn compared to December rates. 31, 2020, of which €3,776m at Bolloré, down by €407m. ▪ Adjusted operating income (EBITA(1)): €1,399m, +77% at ▪ Gr
Slide 5: Structure of the Group (1/2)
STRUCTURE OF THE GROUP (1/2) ▪ Universal Music Group (UMG) ▪ Disposal of an additional 20% of the capital of UMG in 2021 for a cumulative amount of over €6bn - After acquiring 10% of UMG’s capital in March 2020, the consortium led by Tencent exercised its option to acquire an additional 10% in Janua
Slide 6: Structure of the Group (2/2)
STRUCTURE OF THE GROUP (2/2) ▪ MSC offer to acquire Bolloré Africa Logistics – Exclusivity granted to MSC until 31 March 2022 ▪ On 20 December 2021, Bolloré announced that it had received an offer from the MSC Group to acquire 100% of Bolloré Africa Logistics, comprising all of the Bolloré Group’s t
Slide 7: Structure of the Group: Economic Organisation Chart
STRUCTURE OF THE GROUP ECONOMIC ORGANISATION CHART AT 31/12/2021 (AS % OF CAPITAL) Sofibol and holdings(1): 57.0 % Compagnie du Cambodge(2): 19.1 % 92.6 % Société Industrielle et Financière de l'Artois(2): 5.6 % Compagnie de l’Odet Financière Moncey(2): 4.9 % Imperial Mediterranean(2): 3.6 % 64.3 %(
Slide 8: Share Price
SHARE PRICE PRICE ON 03/08/2022: €4.06 | MARKET CAPITALIZATION: €12.0 BILLION Since Δ (%) 01/01/22 10Y Bolloré (17.6%) 159.2% 6.0 SBF 120 (16.8%) 73.6% 5.0 4.0 3.0 2.0 1.0 - Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Bolloré SBF 120 Indexed Source: Refinitiv 8
Slide 9: ESG Performance
ESG PERFORMANCE REMINDER OF CHANGES IN GOVERNANCE IMPLEMENTED IN 2020 AND 2021 ONGOING DIALOGUE WITH THE RATING AGENCIES ▪ Tighter Board of Directors (13 directors), more independent New (36 % independent), more female (45 % women). Environment score = 1 ESG Global score = 46/100 2021 2021 Social sc
Slide 10: 2021 Results
2021 RESULTS in millions of euros 2021(*) 2020(*) Change Revenue 19,771 16,687 18% (1) EBITDA 2,135 1,833 16% Depreciation and provisions (796) (1,119) (1) Adjusted operating income (EBITA ) 1,339 714 87% (1) Amortization resulting from PPA (400) (144) EBIT 939 570 65% o/w equity-accounted operating
Slide 11: Revenue
REVENUE Reported Organic in millions of euros 2021(*) 2020(*) 2019(*) growth growth Transportation & Logistics 7,313 5,820 26% 26% 5,939 Oil logistics 2,509 1,900 32% 32% 2,650 Communications 9,567 8,663 10% 9% 8,732 Electricity Storage and Systems 370 280 32% 34% 329 Other (Agricultural Assets, Hol
Slide 12: Adjusted Operating Income (EBITA)
ADJUSTED OPERATING INCOME (EBITA) Bolloré Transport & Logistics EBITA (€m) Reported Organic Change per year (in millions of euros) in millions of euros 2021(*) 2020(*) 2019(*) growth growth Bolloré Transportation & Logistics 785 607 29% 32% 637 785 (1) Transportation & Logistics 714 551 30% 32% 580
Slide 13: Financial Income and Equity-Accounted Entities
FINANCIAL INCOME AND EQUITY-ACCOUNTED ENTITIES FINANCIAL INCOME ▪ Financial income includes €169m in in millions of euros 2021(*) 2020(*) Change (€m) dividends received (Mediaset, Net financing expenses (100) (96) (4) Multichoice, Telefonica, etc.). In 2020, it included income of €159m on hedges put
Slide 14: Changes in Cash
CHANGES IN CASH CHANGE IN NET DEBT (MILLIONS OF EUROS) - o/w disposal of (2,000) 20% of UMG 1,152 6,275 (3,428) (4,000) Operating cash flow: €1.5 billion Vivendi share 126 buybacks, purchases of (768) securities (6,000) (Lagardère, Prisma 22 2,135 Media, etc.) (84) (8,000) (527) (22) (695) (9,136) (
Slide 15: Balance Sheet – Liquidity (1/2)
BALANCE SHEET – LIQUIDITY (1/2) SHAREHOLDERS’ EQUITY AND NET DEBT in millions of euros 2021 Bolloré Vivendi 2020 Bolloré Vivendi Change Shareholders' equity 34,418 20,181 14,237 25,984 9,563 16,422 8,434 of which Group share 19,479 9,084 10,395 Net debt 3,428 3,776 (348) 9,136 4,183 4,953 (5,708) Ge
Slide 16: Balance Sheet – Liquidity (2/2)
BALANCE SHEET – LIQUIDITY (2/2) CHANGE IN NET DEBT (€M) 10,000 9,136 8,720 9,000 8,000 7,528 7,151 6,851 7,000 6,000 5,058 5,017 5,000 4,656 4,471 4,183 4,882 3,973 3,776 4,000 3,000 3,428 2,000 2018-12-31 2019-06-30 2019-12-31 2020-06-30 2020-12-31 2021-06-30 2021-12-31 Bolloré Net debt (excl. Vive
Slide 17: Dividend
DIVIDEND BOLLORÉ 2021 DIVIDEND CHANGE IN DIVIDENDS PAID (€ PER SHARE) ▪ Proposed dividend: €0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06(1) • of which a €0.02 interim already paid in 2021. 0.033 0.031 0.031 0.030 ▪ Annual General Meeting: 25 May 2022 ▪ Ex-dividend: 9 June 2022 0.02 0.02 0.02 0.02 0.
Slide 18: 2 Review of Activities
2 REVIEW OF ACTIVITIES BOLLOREN
Slide 19: Transportation & Logistics
TRANSPORTATION & LOGISTICS KEY FIGURES MAIN 2021 FINANCIAL ITEMS Organic in millions of euros 2021 2020 Change growth Revenue 7,313 5,820 26% 26% Bolloré Logistics 5,035 3,709 36% 35% Bolloré Africa Logistics 2,277 2,111 8% 9% EBITA(1) 714 551 30% 32% Investments 196 156 26% ▪ EBITA: €714m, +32% at
Slide 20: Bolloré Logistics
BOLLORÉ LOGISTICS 2021 RESULTS ▪ 2021 revenue: €5,035m, +35% at constant scope and exchange rates, benefiting from the increase in volumes and freight rates, particularly in maritime. ▪ 2021 results: - Sharp increase in the results of freight forwarding, which benefited from the increase in volumes
Slide 21: Bolloré Africa Logistics
BOLLORÉ AFRICA LOGISTICS 2021 RESULTS ▪ 2021 revenue: €2,277m, +9% at constant scope and exchange rates, driven by the increase in port terminal volumes and the continued improvement in logistics activity that began during Q2 2021. ▪ 2021 results: • Significant increase in Bolloré Africa Logistics’
Slide 22: Bolloré Energy
BOLLORÉ ENERGY 2021 RESULTS OIL DISTRIBUTION AND LOGISTICS NETWORK in millions of euros 2021 2020 Change Organic Growth Revenue 2,509 1,900 32% 32% EBITA 71 56 28% 28% Investments 11 2 346% ▪ Revenue: +32% at constant scope and exchange rates, thanks to the increase in oil product prices and volumes
Slide 23: Communications: Vivendi and UMG
COMMUNICATIONS VIVENDI AND UMG 2021 RESULTS KEY HIGHLIGHTS OF THE 2021 RESULTS(6) in euro millions 2021 2020 Change Revenue 9,572 8,668 ▪ Revenue: €9,572m, +10% (+9% organic) compared to 2020. This + 10% Adjusted operating income (EBITA) (1) 690 298 + 132% growth was driven by the progress at Canal+
Slide 24: Communications: Groupe Canal+ and Havas
COMMUNICATIONS VIVENDI GROUPE CANAL+ HAVAS in euro millions 2021 2020 Change in euro millions 2021 2020 Change Revenue 5,770 5,498 + 5% Revenue 2,341 2,137 + 10% EBITA 480 435 + 10% EBITA 239 121 + 97% ▪ Revenue: +5% (+5.2% in organic terms) ▪ Net revenue (*): +9% (+10% in organic terms) • Canal+ Gr
Slide 25: Communications: Editis and Other Businesses
COMMUNICATIONS VIVENDI EDITIS OTHER BUSINESSES in euro millions 2021 2020 Change in euro millions 2021 2020 Change Revenue 856 725 + 18% Revenue 652 359 + 82% EBITA 51 38 + 32% (1) Prisma Media 194 - NA Gameloft 265 253 + 5% Vivendi Village 104 40 + 158% Nouvelles initiatives 89 65 + 37% ▪ Revenue:
Slide 26: Communications: UMG
COMMUNICATIONS UMG SHAREHOLDING IN UNIVERSAL MUSIC GROUP(1) Organic in euro millions 2021 2020 Change growth Revenue 8,504 7,432 + 14% + 17% EBITDA 1,686 1,487 + 13% + 15% Adjusted EBITDA(2) 1,788 1,497 + 19% + 21% Net Income Group share 886 1,366 - 35% NA Contribution of operating associates to Viv
Slide 27: Electricity Storage and Systems
ELECTRICITY STORAGE AND SYSTEMS 2021 FINANCIAL ITEMS Organic in millions of euros 2021 2020 Change Growth Revenue 370 280 32% 34% EBITA (117) (102) (14%) (29%) Investments 23 37 (38%) ▪ Revenue: +34% at constant scope and exchange rates • Very strong sales growth, driven by the activities of the Bri
Slide 28: Brittany
BRITTANY BLUEBUS, STATIONARY AND PLASTIC FILMS KEY HIGHLIGHTS OF THE 2021 RESULTS ▪ Batteries (Blue Solutions) • Sales of 2,563 next-generation batteries to Daimler, Bluebus, Actia and Gaussin in 2021, compared to 982 batteries in 2020. Production at the end of December doubled compared to 2020. ▪ B
Slide 29: Systems
SYSTEMS KEY HIGHLIGHTS OF THE 2021 RESULTS TECHNOLOGY ▪ IER / Automatic Systems IER/AS results remained impacted by the effects of the health crisis, which delayed the deployment of infrastructure (pedestrian access control systems, particularly in North America, self-service terminals and kiosks) a
Slide 30: Other Assets
OTHER ASSETS PORTFOLIO OF LISTED SECURITIES ▪ Value of the listed securities portfolio as at March 4, 2022: €13.3bn ▪ The portfolio includes the securities held by Bolloré (Universal Music Group (UMG), Bigben Interactive, Mediobanca, Socfin, etc.) for €6.1bn and by Vivendi (UMG, Lagardère, Telecom I
Slide 31: 3 Appendices
3 APPENDICES BOLLOREN
Slide 32: Comparability of Financial Statements | Impacts of COVID-19
COMPARABILITY OF FINANCIAL STATEMENTS | INFORMATION ON THE IMPACTS OF COVID-19 ▪ Performance indicators • At December 31, 2021, the Bolloré Group had not adjusted the definition of performance indicators, including EBITA, which are comparable to those of 2020. ▪ Change in scope of consolidation • Pr
Slide 33: 2021 Consolidated Balance Sheet
2021 CONSOLIDATED BALANCE SHEET in millions of euros 31/12/2021 31/12/2020 in millions of euros 31/12/2021 31/12/2020 Goodwill 8,941 16,058 Share capital 472 471 Non-current content assets 336 7,110 Share issue premiums 1,304 1,304 Intangible assets 4,689 4,921 Consolidated reserves 17,704 7,309 Pro
Slide 34: 2021 Consolidated Income Statement
2021 CONSOLIDATED INCOME STATEMENT in millions of euros 2021 2020(1) Revenue 19,771 16,687 Goods and services bought-in (13,891) (11,305) Staff costs (3,947) (3,644) Amortization and provisions (1,174) (1,263) Other operating income 145 174 Other operating expenses (157) (127) Share of net income of
Slide 35: 2021 Cash Flow Statement
2021 CASH FLOW STATEMENT in millions of euros 2021 2020(1) Cash flow from operations Net income from continuing operations, Group share 72 102 Non-controlling interests from continuing operations (242) 197 Net income from continuing operations (170) 299 Non-cash income and expenses 1,703 1,064 Other
Slide 36: Change in Shareholders' Equity
CHANGE IN SHAREHOLDERS' EQUITY Number of shares Actuarial Share Share issue Treasury Fair value of financial Translation Shareholders’ Minority (in millions of euros) excl. treasury (losses) Reserves TOTAL capital premiums shares assets adjustment equity, Group share interests shares and gains recyc
Slide 37: Glossary
GLOSSARY ▪ Organic growth: growth at constant scope and exchange rates. ▪ Net revenue (Havas Group): sales after deduction of costs re-billable to customers. ▪ Adjusted operating income (EBITA): operating income before amortisation of intangible assets related to business combinations (PPA: purchase