BE MART

2016 BE LOGIANNUAL TICS REPORT

79282_ID_LOGISTICS_RA2016_EN.indd I 26/06/2017 10:30 PROFILE CONTENTS

SMART BE LOGISTICS 01 Interview with the Chairman and Chief Executive Officer and the Chief Operating Officer Innovating for our clients 03 Governance

OF ID LOGISTICS 04 Creating value across the entire supply chain ID Logistics is an international contract logistics group that designs and implements 06 one-stop solutions tailored to the specifi c INTERNATIONAL BE LOGISTICS AT THE HEART AT BE requirements of each client. The services This is one of the key elements of our strategy: our international deployment benefits from a structured it offers combine customised architectures, and effective dynamic. innovation, cutting-edge technologies and operating excellence to allow clients 10 to optimise their supply chain as part of a BE LOGISTICS 18,500employees sustainable development approach. BUSINESS Designed according to the client’s business and strategy, Since it was founded in 2001, the company’s our solutions integrate a high level of technology into pure player strategy has proven its worth and both traditional sectors and e-commerce.

its client portfolio has continued to diversify. In 2016, its business momentum and the 14 acquisition of Logiters, leading company BE LOGISTICS countries16 INNOVATIVE in Spain and Portugal, allowed it to deliver Pioneers in innovation, we guarantee our clients not only reliable services but also optimum flexibility another year of growth, signifi cantly and productivity. Revenues of outperforming the market. ID Logistics is listed on Compartment B 18 of NYSE Euronext’s regulated market BE LOGISTICS (ISIN code: FR0010929125, Ticker: IDL). COMMITTED In terms of the environment, our employees and society 1,070M in general, we are committed to sustainable development in all aspects as a responsible company, with the involvement of our employees.

22 Financial results

ID LOGISTICS 2016 ANNUAL REPORT

79282_ID_LOGISTICS_RA2016_EN.indd II 26/06/2017 10:30 INTERVIEW WITH

With the integration of Logiters and a strong organic growth, ID Logistics took another step forward in its development in 2016, passing the threshold of revenues of €1 billion.

Éric Hémar, Chairman and Chief Executive Officer

ith revenues topping €1 billion for the first speaking, our operations in Europe now account for Lastly, the integration of Logiters has allowed us to time, the acquisition of Logiters and a record over 80% of revenues. This acquisition is also a struc- break through the symbolic threshold of revenues of number of new contract starts, ID Logistics tural move due to its size. Logiters generates revenues €1 billion, and we are now one of the leading contract took another step forward in its development. of €250 million, equal to around one-quarter of the logistics specialists in Europe. We look back at an outstanding year with Éric Group’s revenues before the acquisition. Another ben- Hémar, Chairman and Chief Executive Officer, efi t is that the integration of Logiters and its staff – who How is the integration of Logiters and Christophe Satin, Chief Operating Officer. over the years have demonstrated a high level of tech- progressing and how has it impacted nical expertise and excellent client relations – will allow your fi nancial position? The key event of 2016 was the us to extend the scope of our activities to new business Christophe Satin : The integration of Logiters is pro- acquisition of Logiters. Why did segments presenting strong visibility and considerable gressing completely in line with what we had planned you make this acquisition? potential, in particular healthcare and automotive. when it began at the start of September 2016. We Éric Hémar : Logiters is No. 2 in contract logistics At the same time, we have consolidated our position in have brought together our Spanish and Portuguese in Spain and Portugal and its acquisition fi ts in fully our historic business sectors of fast-moving consumer subsidiaries under a single management team under with our strategy of enhancing our model as a pure goods and retail, and have broadened our portfolio the name of ID Logistics Iberia. The strategic fi t be- player logistics group by strengthening our mar- signifi cantly to include top-ranking clients. The acqui- tween staff is clear and the integration process will ket-leading positions in Europe. Our operations in sition has also enabled us to acquire new areas of ex- be completed at the end of the fi rst half of 2017. The Spain have been consolidated and we have also es- pertise and know-how, whether in IT, engineering or fi nancial terms of the acquisition were satisfactory and tablished our presence in Portugal. More generally logistics organisation. thanks to our operating cash fl ow over the last four W 01 79282_ID_LOGISTICS_RA2016_EN.indd 01 26/06/2017 10:30 Our growth in 2016 has reinforced our pure player model and our positions in Europe.

Christophe Satin, Chief Operating Officer

From left to right: Christophe Satin, Éric Hémar, Yann Perot, Ludovic Lamaud.

Following the acquisition of Logiters, our balance sheet months of the year and the sale of a property, we with our J-shaped curve model, these many new structure remains extremely What is the outlook for 2017? have already repaid some of our net debt, which has site launches weighed down margins over the short solid. E. H. : We began the year with two priorities: fi nalis- decreased from €125 million after the acquisition term, which were down in 2016 relative to 2015. Yann Perot, ing the integration of Logiters into the Group in 2016, to €50 million as at 31 December 2016. Our balance This investment constitutes the basis of our new Chief Financial Officer and at the same time completing the ramp-up of sites sheet structure therefore remains very solid. growth drivers for the years ahead and we will see launched in 2016. During the second half of the year, the initial benefi ts of this as of the second half of we will therefore be able to benefi t fully from the op- Apart from this acquisition, what 2017. It should also be stressed that these new site erating and business momentum of our teams and is your assessment of ID Logistics’ launches concern both new clients and new sites for Our creativity is decisive increase our profi t margins. ID Logistics also intends performance in 2016? long-standing clients. in anchoring logistics in to benefi t from its new visibility and strong commercial C.S.: In addition to this acquisition, it was also a the age of automation. and technical positioning in order to continue to grow year of particularly robust organic growth, with a Can this business momentum be Ludovic Lamaud, at a faster rate than the market, while also responding record of 31 new sites opened over the period. seen across all subsidiaries? Executive Vice-President, to the many new challenges facing its clients. Once ID Logistics’ teams were able to continue to C.S. : Growth has been particularly brisk in France, Development and Innovation these objectives have been achieved, we will continue diversify our client portfolio by attracting world Germany and the Benelux region, but our momen- to monitor potential acquisition opportunities very market leaders in various fi elds and stepping up tum can be seen everywhere and we have also closely, especially in Northern Europe, so that we can our growth in e-commerce. The result of this was launched major new sites in Poland, Russia and provide our existing and prospective clients with the organic revenue growth of 9.8%. In accordance even China. largest possible coverage.

02 ID LOGISTICS 2016 ANNUAL REPORT

79282_ID_LOGISTICS_RA2016_EN.indd 02 26/06/2017 10:30 The Board of Directors

The Board of Directors takes part in determining, implementing and monitoring the company’s development strategy. The Board consists of representatives of the Group’s controlling shareholders and independent persons, A DYNAMIC benefi ting from the diverse and international professional experience of its 8 members. Immod represented Michel Clair Michèle Cyna by Marie-Aude Hémar INDEPENDENT DIRECTOR, CHAIRMAN INDEPENDENT DIRECTOR DIRECTOR OF THE AUDIT COMMITTEE AND MEMBER OF THE AUDIT Marie-Aude is a Michel is a graduate COMMITTEE GOVERNANCE graduate of IDRAC Paris of the École Nationale Michèle holds

PERFORMANCE PERFORMANCE business school and has d’Administration (ENA) and degrees from École held various positions was a Public Auditor at the Polytechnique, at Caisse d’Épargne French Court of Auditors École des Ponts et Ile-de-France (IDF), and specifically ran the office Chaussées and MIT, including as an inspector of the French Minister of and is Director of the TO STEER Éric Hémar Christophe Satin with the Internal Audit Trade, Crafts and Services BURGEAP Group. CHAIRMAN AND CHIEF CHIEF OPERATING OFFICER, Department. before becoming the EXECUTIVE OFFICER DIRECTOR Chairman of Klépierre (BNP Paribas). He is now CEO of Éric is a graduate of Christophe is a graduate France Habitation and OGIF. the École Nationale of ISG business school He is Vice-President of the d’Administration (ENA) and began his career Paris Region Ile-de-France. OUR GROWTH and began his career at Arthur Andersen, at the French Court of later working at various With three executive Auditors. He then joined industrial groups before the French Ministry of joining Geodis. Jacques Veyrat vice-presidents, each of whom Infrastructure, Transport He co-founded INDEPENDENT ADVISOR and Tourism, as a technical ID Logistics in 2001. Jesus Hernandez Jacques is a graduate

GLOBAL AND INTERNATIONAL GLOBAL AND INTERNATIONAL guarantees the consistent advisor to the Minister. Muñoz of École Polytechnique development of their own He founded ID Logistics CHIEF EXECUTIVE OFFICER and École des Ponts in 2001, after having OF ID LOGISTICS BRAZIL, et Chaussées, and directed the Logistics DIRECTOR Muriel Mayette-Holtz held various positions area, as well as independent INDEPENDENT DIRECTOR Division of the Geodis Jesus is a graduate at ministerial offices directors from various Group. of the University of Muriel is an actress and before joining the backgrounds, ID Logistics’ Madrid and has honed producer; she was the Louis Dreyfus Group, his skills in international General Manager of the before founding the governance structure meets management, serving Comédie-Française Theatre Impala Group in 2011. as head of ID Logistics between 2006 and 2014, the most stringent international and has taught at the million5 sqm Spain from 2006 French National Higher to 2015. in Europe, Latin requirements in terms of Conservatory of Dramatic America, Asia transparency and effi cacy. Arts. She is now Director of and Africa the Academy of France in Rome - Villa Medicis. Executive Committee

APPOINTED ON MARCH 22ND, 2017

The Executive Committee applies the strategy Yann Perot, Ludovic Lamaud, Laurent Nicastro, determined by the Board of Directors and CHIEF FINANCIAL OFFICER EXECUTIVE VICE-PRESIDENT, EXECUTIVE VICE PRESIDENT, makes the operational decisions required for Yann holds a degree DEVELOPMENT AND OPERATIONS the Group’s day-to-day management. from EDHEC business INNOVATION Laurent is a graduate school and began his Ludovic holds a DESS of Panthéon-Sorbonne career at Deloitte (in Éric Hémar, Christophe Satin, advanced diploma University and holds a +revenue14.9 growth % in 2016 CHAIRMAN AND CHIEF EXECUTIVE CHIEF OPERATING OFFICER France and the United in Pharmaceutical DESS advanced diploma in States). He continued (+6.4% in 2015) OFFICER Distribution and began Logistics Management and his career at Lagardère his career at OCP. Transport Engineering. He and then NRJ, before He then worked for began his career at Hays joining ID Logistics Geodis and joined Logistique and then was in 2009. ID Logistics in 2002. in charge of supply chain management at Castorama 03 before joining ID Logistics in 2017.

79282_ID_LOGISTICS_RA2016_EN.indd 03 26/06/2017 10:30 ID LOGISTICS’ SUPPLY CHAIN

WE ORGANISE TRANSPORTATION BY OPTIMISING ALL TRANSPORTATION FLOWS, WHILE ALSO FACTORING 2 IN SUSTAINABLE DEVELOPMENT CONCERNS. At ID Logistics, transportation organisation benefi ts from specifi c control units. Effective IT tools developed in-house – such as the Transport Management System (TMS) – help to optimise transportation fl ows as part of an overall sus- tainable development approach, while also allowing for real-time monitoring. Thanks to a multi-modal approach, end-to-end solutions including rail and maritime transpor- tation are developed.

of volumes from the Evian plant (Danone Eaux France) shipped via a rail hub managed by the IDEO multi-modal platform CREATING VALUE 60% (see opposite) ACROSS THE ENTIRE SUPPLY CHAIN

WE TAKE CARE OF THE ENTIRE SUPPLY CHAIN FOR OUR CLIENTS BY DEVISING AND APPLYING A 1DEDICATED LOGISTICS SOLUTION FOR EACH ONE. The teams at ID Logistics receive clients’ goods from their production plants, manage stock levels, prepare orders and provide high value-added services such as co-packing and postponement, and deliver to their clients’ own clients, whether at regional distribution centres or to the end customer. The aim is to optimise the client’s logistics fl ows as part of a value-added and sustainable development approach.

sites 275 worldwide

04 ID LOGISTICS 2016 ANNUAL REPORT

79282_ID_LOGISTICS_RA2016_EN.indd 04 26/06/2017 10:31 international awards over 10 years recognising WE CREATE ADDED VALUE AND ID Logistics’ spirit GUARANTEE THE RESULTS OF ORDER of innovation 4 PREPARATION AND DISTRIBUTION. 13 At all stages of the supply chain, ID Logistics’ experts and technicians create value for clients by thorough analysis of strategic issues, overall and consistent design, formalised dedicated and innovative solutions, management of logis- ID Logistics wins awards in France... tics fl ows and even stock optimisation. ID Logistics receives products on behalf of distributors, checks them, manages them and prepares orders for shops or the end customer in On 20 January the case of e-commerce. 2017, Supply Chain Magazine awarded ID Logistics and its client Danone Eaux France the “Grand Prize” in the Kings of the Supply Chain event for 2017. This prestigious award was in recognition of the “Private Rail Hub” project for Danone, which judges believed best met the criteria of “originality, manages all transport a private rail hub with innovation, diffi culties fl ows in Europe, by local operators and overcome and results”. road and rail, for a a connected railcar Spurred on by its number of clients. To solution. The results client, ID Logistics allow evian to achieve are greater fl exibility, WE PROVIDE OUR CLIENTS WITH created the IDEO its target of being improved performance operating platform in carbon neutral by and more visibility CUTTING-EDGE TECHNOLOGIES, 2013. This platform 2020, IDEO has set up (see p.15). PRIMARILY IN STOCK MANAGEMENT 3 million sqm AND OPTIMISATION. operated by Goods are shipped by ID Logistics teams for delivery at the ID Logistics end of the supply chain to shops and convenience stores, 5 and – in the case of e-commerce – to end customers, in accordance with terms set out in the specifi cations. The … and in Poland Group’s dedicated solutions cover a wide range of comple- mentary services, including shelving goods and managing ID Logistics was voted “Logistics Operator of the Year 2016” at an event returned goods. organised by Polish magazine Eurologistics. This award is given on the basis of an independent fi rm’s satisfaction survey of logistics and haulage companies’ customers in the Polish market. ID Logistics won the award for rolling out innovative supply chain solutions in Poland that meet the highest security, quality assurance and service reliability standards.

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79282_ID_LOGISTICS_RA2016_EN.indd 05 26/06/2017 10:32 BE INTERNATONAL With operations in Europe, Latin America, Asia and Africa, we generate 53% of our revenues from international activities. The unifying values shared by our multicultural teams enhance their expertise BE LOG STICS for the benefi t of our clients.

06 ID LOGISTICS 2016 ANNUAL REPORT

79282_ID_LOGISTICS_RA2016_EN.indd 06 26/06/2017 10:32 Our comprehensive the site will need to absorb increasing logistics fl ows, approach, from we will transition gradually to a mechanised solution. This will allow for the management of high volumes site construction that are diffi cult to absorb manually. to mechanisation and e-commerce delivery, allows us to respond to Kiabi’s many We worked closely with Béatrice Régnier, EXPANSION HOW WAS Kiabi’s Logistics Director, as well as with expectations. our mechanisation partners. Our engi- THE PROJECT neers were involved at a very early stage Belinda Molenat, Project leader for Kiabi, in coming up with a solution offering op- ID Logistics Spain CONCEIVED? timal mechanisation depending on the different products and distribution channels. We drew

on the experience we have acquired alongside major INTERNATIONAL clothes retailers such as Puma, Le Coq Sportif, Cortefi el and Auchan Textile. Our success in the call for tenders attests to our ability to listen to clients: we came up with a comprehensive solution encompassing real es- tate, logistics preparation, mechanisation and trans- Our partnership with Kiabi started WHAT DOES THE portation up to fi nal delivery.Kiabi operates 500 stores with just transportation. Two years in 15 countries and sells over 275 million items to over ago, we set up a dedicated flow KIABI PROJECT 22 million customers. Kiabi has 8,700 employees uni- management unit for France in Lille. fi ed around an ambitious expansion strategy based on This relationship has enabled us to ENTAIL? a cross-channel model. develop an in-depth understanding of the company and to understand its characteristics and needs. Until now, its logistics had been central- ised. Kiabi wanted recently to create a unit for its op- of53% sales generated erations in the south. In 2016, we responded to its call from international for tenders, which we won. activities proforma 2016

A 50,000 sqm platform is in the process WHAT WAS of being set up in Catalonia, in the Over Tarragona region. The fi rst 25,000 sqm THE SOLUTION tranche will be launched in late 2017 and the second one year later. Initially SELECTED? the site will serve Spain and Portugal, representing around 50 sales outlets. This is a conven- tional business-to-business manual preparation solu- tion. Later on, geographical coverage will be extended, 50%of clients are with a much larger number of stores and the extension accompanied by ID of activities to include e-commerce. Italy and southern Logistics in several France will be supplied in this way as well as other countries countries, in particular Morocco and Malta. Lastly, as

07

79282_ID_LOGISTICS_RA2016_EN.indd 07 26/06/2017 10:32 OUR INTERNATIONAL 14 NEW SITES IN FRANCE... ID Logistics opened sites with clients FOOTPRINT four new sites in such as Carrefour, 8 countries in Europe: France in 2016, some Auchan and Leclerc, France, Spain, Poland, for new retail clients and strengthened its Russia, Germany, Netherlands, (But, Action, Lapeyre e-commerce expertise Portugal, Belgium etc.) and others in with Nespresso 8 countries in the Americas, new sectors for Puma, (second site), Asia and Africa: Argentina, Thalès and also Pierre Cdiscount (second Brazil, China, Taiwan, Indonesia, Fabre. The Group site) and AuchanDirect Morocco, South Africa, also extended its (mechanized PUSHING Réunion Island partnership in new warehouse).

... AND 17 WORLDWIDE THE BOUNDARIES There were even Benelux region. Performance in France more international In the Netherlands, openings, with a dedicated European ID Logistics’ revenues in France grew by 12.5% 17 new sites. platform now provides in 2016 to €581.7 million. This very satisfactory In Germany, logistics services for The Group’s expertise and excellence allow performance is thanks to the launch of a number ID Logistics opened Kawasaki motorbikes. of new contracts, coupled with solid volumes in two sites with a New openings were its clients to benefi t from uniform, innovative historic contracts. total area of around also seen in Russia 200,000 sqm for for food retailer X5, and robust services all over the world. a leading name in Bacardi and Yves Strengthening our position in Europe furniture and home Rocher, in Spain for decor. the e-commerce 2016 key events: the acquisition of Logiters International revenues totalled €488.3 million, up In Belgium – a new activities of Cortefi el and strengthening of our position in Europe. 18% overall. On a like-for-like basis, excluding the market – a site was set and El Corte Ingles, positive impact of the fi rst-time consolidation of up for Maxeda, market and in Taiwan for City Logiters and the unfavourable currency effect, leader in DIY in the Super and A.mart. revenues increased by 6.2%. Growth in interna- tional activities was driven primarily by Europe, in ID Logistics’ growth strategy is based on two key particular Germany, Spain and the Benelux region. axes: the development of global, innovative, cus- The fi rst site was opened in the second half of the tomised and cutting-edge services at the lowest year in Belgium, a new country for the Group with RAMP-UP OF MARGINS cost and which create value; an international pure Portugal as a result of the acquisition of Logiters. In accordance with down slightly relative player positioning that has proven its value over In emerging markets (Brazil, Argentina, Russia and the Group’s business to 2015. The start- the years. The Group continued in this vein in 2016 China), deterioration in exchange rates and eco- model, the opening up phase will be with a greater emphasis on expansion in Europe. nomic diffi culties did not prevent us from achiev- of new sites results complete, allowing This determined to a large extent its priorities and ing further growth, with the need for logistics in operating losses for acceleration in during the start-up profi tability as of services in these countries remaining signifi cant. investment choices with the aim of strengthening period. Operating the second half of its operations in Southern Europe, as well as the Russia made a substantial contribution to revenue income was therefore the year. Iberian Peninsula this year (see opposite) and the growth in 2016. ID Logistics’ fl exibility allows it to North, Germany, the Netherlands, Belgium and adapt to its own constraints as well as changes in Poland in particular. volumes.

08 ID LOGISTICS 2016 ANNUAL REPORT

79282_ID_LOGISTICS_RA2016_EN.indd 08 26/06/2017 10:32 79282_ID_LOGISTICS_RA2016_EN.indd 09 750,000 750,000

3,300 3,300 250M generated by ofrevenues over 50sites employess Logiters ACQUISITION OF THE SPANISH MARKET LEADER SQM

expertise asaresult ofthisacquisition to demandmore andmore. Ourenhanced and higherstandards. Clientsare continuing Peninsula. Ourclientsbene with servicesacross theentire Iberian also extendedouroperationstoPortugal, sector, aboomingsectorinSpain.We have multi-client servicesandtheautomotive Media Markt. top-name clientssuchasDuracell,Mustangand existing sectorsbyenlarging itsportfoliotoinclude automotive) andconsolidatingitspositionin offering strong potential(healthcare/pharma, Peninsula andboostingitsdevelopmentinsegments strengthening theGroup’s positionintheIberian Logiters isthefi ID L E XPAN OG S I have enhanced our expertise in have enhancedourexpertisein FMCG andElectronics. Itsteams markets forus:Pharmaceuticals, our positioninwhatare three major Logiters,wehaveextended With S constitutes adecisivecommercial I and operationalasset. O TI Javier Echenique, rstacquisitionoutsideFrance, N CS O IBERIA F HeadofIDLogisticsIberia tfrom lowercosts and evenmanufacturing. (Privalia, Vente Privéeetc.),publishing(Planetaetc.) activities tocosmetics(Puig,Cotyetc.),e-commerce Its successeshaveswiftlyallowedittoextend its and Cortefi in the FMCG sector, withclientslikeAuchan,Eroski In Spain,IDLogisticshaslauncheditsactivities el. to contribute toitsclients’successes. in automation, andbyinnovatinginorder tocontinue by including themosteffective technologies, particularly enhanceitsservices Its strategyistopermanently in retail, FMCGande-commerce. pharma, in contract logistics,withamarket-leadingposition ID LogisticsIberiahasbecomealeadingname standards. irreproachable services edge logisticsand consumers cutting- usersand internet in order toguarantee management system ID Logistics’ warehouse has beeninterfacedwith Mustang’s ERPsystem smooth operation, websites. To ensure large e-commerce networks through to retail andwholesale from traditional distribution channels, of variousdifferent to meettheneeds handling, in order co-packing andspecial added servicesof including the value- and order fulfi and storageofgoods Its missions: receipt (near Valencia). inMassalavés platform within a17,000sqm logistics activities and international centralised itsnational products. Mustanghas management ofallits group, forthelogistics and fashionaccessories number onefootwear Mustang, Spain’s an agreement with Logistics signed In early2017,ID ID Logistics chooses Mustang 26/06/2017 10:32 lment, 09 For each client, we come up with specifi c solutions covering all the needs of an intelligent supply chain, with cutting-edge expertise in e-commerce and B2B.

10 ID LOGISTICS 2016 ANNUAL REPORT BE LOG STICS

79282_ID_LOGISTICS_RA2016_EN.indd 10 26/06/2017 10:32 Cutting-edge sorting terminals, a shuttle system, Goods to man technologies allow us preparation, pick-put to light and palletising, allowing for very high handling rates coupled with high levels of to respond to the client’s reliability. expectations in order Our major challenge is keeping up with the growth in AuchanDirect’s business, and our technical knowledge to reduce costs, make its of mechanisation and automation issues make this level supply chain more effective and ensure of projection possible.

a level of growth in a structural way. AND TECHNOLOGY

Cyril Beausire, Head of the Start-up – Support WHAT IS YOUR ANALYSIS OF After eight months in op- and Expertise department at ID Logistics eration, we are continu- THE INITIAL FEEDBACK? ing to enhance the site’s EXPERTISE performance at a steady rate in order to keep up with the shift from 10,000 to around 20,000 products and the 50% increase in the number of orders. In addition to the mechanical solution rolled out, the on-site engineering team analyses results on a daily basis in order to ensure improvement.Change management has also been a real challenge as regards team management. This is an innovative project with very different processes. Lastly, I would say that a solution of this kind is not based solely on technical knowledge, but also on a certain level of WHAT DOES THE AUCHAN competence in terms of management in order to be AuchanDirect’s operations in able to adapt algorithms and the fl uidity of all processes the Paris region were previ- PROJECT ENTAIL? +15%growth a year as best possible. ously run manually at three in Auchan’s sites. Auchan decided to take a major step forward by e-commerce opting for a fully mechanised solution at just one site. activities This had three main aims: cut logistics costs, respond

as best possible to market demands by offering high AuchanDirect warehouse, Chilly-Mazarin (France) service standards, and, prepare for the future in order to keep up with the rates of growth expected in the B2C sector. Decisive strengths

WHAT WAS THE The site opened in Chilly-Mazarin The teams at both consistency accounts for 10% of ID Logistics is in September 2016 handles four ID Logistics and autonomy, revenues compared continuing to extend demonstrate allowing talented with less than its activities in the categories of products: fruit and SOLUTION PROVIDED? their creativity staff to come to 1% in 2011. The fi elds of distribution vegetables, frozen foods, fresh produce and fast-mov- 20,000products in and fl exibility in the foreground. Group’s expertise and high tech, and ing consumer goods (FMCG). For each of these cate- 4 temperature implementing new These are all and market-leading to strengthen its gories, a bespoke process has been devised and ranges at the new concepts on a daily decisive strengths, position in retail position in its most deployed in order to take account of their specifi c con- AuchanDirect basis. The way in particularly order picking is recent sectors, straints, with particularly highly developed mechanisa- distribution centre which subsidiaries in e-commerce, another key strength. such as pharma and are managed fosters a market that now More generally, automotive. tion systems for fresh produce and FMCG. This involves

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79282_ID_LOGISTICS_RA2016_EN.indd 11 26/06/2017 10:32 79282_ID_LOGISTICS_RA2016_EN.indd 12 12 S T CO automotive sector Maximum integrationinthe in hismarket. enable himtobecompetitive This isa majorimperativeto and maximumfl our client unfailingreliability Our aimistooffer toeachof ID LOGISTICS O U suppliers isparticularlyhigh.Thelogistics expert andautomotiveequipment teams atcarmakers The levelofintegrationlogistics specialists into key playerintheclient’s overallproduction system. gies. Thelogisticsspecialistisnowpositionedasa specifi rolled outacross allsectors,takingaccountoftheir tive, automatedandflexible.Thisapproach is dedicated solutionsthatare attractiveandeffec- optimum levelofservicewithcomprehensive and and deployedbyIDLogisticsistooffer clientsan The primaryaimofthestoragetechniquesdevised

CC NTRIBUTIN O c constraintsusingvalue-creating strate- UR E 2016 ANNUALREPORT SS C LIENT exibility. G S ’ in pharmaceuticals Rigorous andfl tablets andscanners. tonomous devices,RFID*,Pickbyvoice,sensitive and latest-generationtechnologiessuchasau- client’s specifi and bumpers.InadditiontoISOstandards, each ment ofpre-assembled itemssuchasheadlights components tojust-in-timesupplychainmanage- trol, precision andfl to benefi optimise processes. IDLogisticsallowsitsclients and onceproduction beginstheycontinueto provides theirexpertisefrom thedesignstage *Radio-identifi complete anddetailedtraceability. procedure that goes asfarexportnotices,and IT systemdevelopedin-house,a customisation and distribution.Otherstrengths are adedicated allowing forthepoolingofstorage, preparation a highdegree ofautomation atmulti-clientsites, among others.AtIDLogistics,thisbenefi the descriptionofeachoperationuptocleaning, drugs, control ofchangesinprocedures oreven checks, secure areas fornarcotic andpsychotropic is characterisedbytemperature andhumidity isattachedtoeachsite.Thisactivity pharmacist employees haveparticularprofi Inadditiontospecificskills,and pharmacists. fl standards whilealsoensuringthehighestlevelof Inthehighly regulatedsec- pharmaceuticals tor, thelogisticsexpertneeds tomonitorstringent exibility inorder toservedispensaries,hospitals t from ahighlevelofcoordination, con- cation cations are inputintoitsITsystems exible approach exibility, from thestorageof les: atleastone ts from ts

EFFICIENCY, PRODUCTIVITY, FLEXIBILITY preparing shipments. goodsforFranceandinternational 90,000 palettes.Around 60peopleworkatPierre Fabre’s historicsite, constructed inaccordance withHQEenvironmental standards, canstore andconsumer health division.Theplatform, of itsdermo-cosmetics The newPierre growth Fabreistoaccompanytheinternational platform TOULOUSE PLATFORM PIERRE FABRE CHOOSESIDLOGISTICS FORITS Western Europe. all-terrain vehiclesin motorbikes, jet skis and distributes sqm platform approximately 20,000 radio frequency. The handle products using has beendevelopedto edge videosimulation electronics. Acutting- like inmass-market identification number, Each parthasitsown CO² emissionsstandards. that integratesthelatest has deployedaconcept Netherlands, IDLogistics in Tilburg inthe European platform At Kawasaki’s new FOR KAWASAKI NEW CONCEPT 26/06/2017 10:33 79282_ID_LOGISTICS_RA2016_EN.indd 13 growth andthe allows ittomanage Logistics’ fl delivery inParis).ID France andsame-day (receipt, shippingin household appliances dedicated tolarge Mard: 40,000sqm inSaint- platform opening ofitssecond Logistics forthe confi reiterated its Cdiscount has RESPONSIVENESS FORCDISCOUNT ADAPTABILITY, FLEXIBILITYAND dence inID exibility packages per year. handle 550,000 The 60 employees retractable grabbers. with trucks storage, inparticular used optimise The processes same-day delivery. managing returnsand activities suchas also rolling outnew activities, while of thecompany’s seasonal nature business in fi Group’s e-commerce revenues generated from e-commerce 11% 11% of IDLogistics’ increase inthe 10x 10x

E-COMMERCE ve years AS A TARGET of e-commerce logisticsexpert:beingthedriving elsewhere. Allthis allowsustoplaythenewrole which ismore strategicinthismarketthan Our managementteamfavoursresponsiveness, processes andadaptingtoourclients’strategies. our solutionsandhigh-techtools,robust with inventionsinorder tocontinuallyimprove partner ofe-merchants. expertise hastherefore establishedit asamajor by thisactivityatahighstandard. TheGroup’s its clientstobenefi market-leading positioninretail order pickingallows driver andthedrivingforce behinditsgrowth. Its E-commerce isIDLogistics’primarytechnological STEPPING UPGROWT in particularourabilitytocomeup of oursuccessfrom thebeginning, strengths thathaveformedthebasis certain strengths. Theseare thesame E-commerce logisticsrequires force behindthe brand. Ivan Louge, tfrom all oftheservicesrequired

Contract ManageratIDLogistics H 26/06/2017 10:33 13 BLogisticsE has entered INN the age VATIVE of automation and digitisation, consolidating our strategy of doing better, more quickly, more cheaply and in a more environmentally- friendly way. Innovation is closely BE L GISTICS linked to our development and fully integrated into what we do.

14 ID LOGISTICS 2016 ANNUAL REPORT

79282_ID_LOGISTICS_RA2016_EN.indd 14 26/06/2017 10:33 The creation of an initial 2016 allowed for the diversifi cation and specialisation of private hub in France rail service providers, resulting in greater effi cacy. IDEO leases and manages wagons for its client. Once again, has allowed for rail this helps to improve costs and the complete availability transportation to be made of the fl eet is facilitated by the development of new solu- tions. We have trialled and validated Internet of Things reliable in order to ensure

INNOVATION technology in dealing with this issue, and the roll-out of tighter cost control and a major 1,200 sensors on wagons in our fl eet. The main appeal is the provision of a more transparent supply chain offer- bene t for the environment. ing multiple benefi ts such as control of the journey time to calculate rotation rates, as well as anticipating delays Marie Flouzat, Head of Rail Transportation Management in order to warn sites early on and avoid forklift operators for Danone, IDEO having to wait at the point of receipt. A specifi c portal A PIONEER IN A PIONEER IN has been developed in partnership with a start-up. In addition, a new train hub process has been introduced, with a TMS* created in three months by ID Logistics - a real achievement!

HAVE YOU The fl exibility of the model allows us to innovative15 projects protect the Evian plant from the uncer- developed and ALREADY SEEN tainties and rigidity of the rail transpor- WHAT ARE THE trialled each year tation model, which caused breaks in production. This reliability has restored CHALLENGES INVOLVED IN For getting pallets of ANY RESULTS? our confi dence in rail transportation, Evian and Volvic water off which is refl ected by growth over the long term in this the production lines and mode of transport relative to road transportation. The RAIL TRANSPORTATION sending them in mass to benefi t of this innovative model, which won an award ten warehouses in Europe, in early 2017 (see page 5), is therefore highly signifi - MANAGEMENT? rail transportation has cant in terms of reducing our carbon footprint and proven to be an effective solution. Each train transports helps the Danone Group to achieve its environmental 1,000 pallets, the equivalent of 40 trucks. This means newsletters4 a year to targets, for the benefi t of its clients. that the roads are less congested, costs are controlled share these projects * TMS : Transport Management System. and our carbon footprint is reduced, one of Danone’s with clients major targets. The innovative solution we have devel- oped allows us to be more responsive and to adapt IDEO, Saint-Priest, with greater fl exibility to the needs of the plant. (France)

Previously, Danone depended on two WHAT DOES rail operators. IDEO, a subsidiary of international15 ID Logistics, helped it to develop a new awards over 11 THIS SOLUTION model, with the creation of the fi rst pri- years recognising vate hub in France. The implementation ID Logistics’ spirit CONSIST OF? of this model in the Lyon region in early of innovation

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79282_ID_LOGISTICS_RA2016_EN.indd 15 26/06/2017 10:33 INVENTING THE STANDARDS OF TOMORROW The opening of an Innovation Campus in Châtres (Île-de-France) is a fi rst in France. More than just “PUT TO LIGHT” TRUCKS a showroom, it allows clients, prospects, students and other visitors to fi nd out about the Group’s Facilitating innovations at the Castorama and Marionnaud sites. preparation Demonstrations under real conditions are at the heart

of presentation and discussion. Optimising productivity, SMART NETWORK

quality and user- CAMPUS friendliness: these Analysing networks are the three benefi ts The campus allows us to show what of the “Put-to-Light” system introduced at an Developed with a start-up It has been adapted to the we are capable of inventing for our Auchan platform (textiles specialising in real-time logistics network in order activities for Europe). displays of electricity and to allow for all logistics clients. Innovation is no longer just INNOVATION Equipped with a screen gas networks, the Smart fl ows to be analysed and one theme among many others, and scanner, the truck Network solution is a anticipated, thus allowing tells the operator what big data processing tool. for improved management. but the main focus of the visit. In just tasks to carry out (address picking, quantity etc.). one meeting, we present a broad range of new A picture of the product allows for the pick to be solutions actually in operation as prototypes or The on-site automated validated, a light-up sign driver check-in system shows where to place the demonstration models. We then talk to visitors, allows for optimised product and mechanical fl uidity, reliability and who are invited to share their impressions support helps with security. The easy check- transportation. by completing an online satisfaction survey. in concept, currently innovations 20 under development at to discover We have already received many large ID Logistics, allows for at Innovation drivers to be recognised companies. The feedback is very positive. Campus from a terminal rather EASY CHECK-IN than having to get down Romain Dellamonica, Head of Innovation from their fork-lift truck at ID Logistics Automated to present themselves to the security guard. check-in This terminal is coupled with a registration plate for drivers reader and the automatic barrier.

16 ID LOGISTICS 2016 ANNUAL REPORT

79282_ID_LOGISTICS_RA2016_EN.indd 16 26/06/2017 10:33 A REMOTE-CONTROLLED TROLLEY Optimum ease of use

At the crossroads between manual fork-lift trucks and AGVs (Auto Guided Vehicles), the remote-controlled truck can be steered in the conventional way or remotely. This avoids the operator having to get back on every time something is picked up.

MOBILE SHELVING IN RACKS Increase of data

The growing density of the can be moved to allow for number of products available is access to columns at the back. a major problem in retail order The number of places where picking. These shelving systems products can be put is doubled offer columns in a number of or trebled and ease of use sizes, attached to rails. Rows is improved signifi cantly.

VIDÉO TRACKING Reducing legal disputes

ID Logistics has implemented a Video Tracking solution with one of its partners at a Carrefour warehouse dedicated to fresh produce. Coupled with the WMS*, the solution makes it easy to fi nd order preparation video sequences. As the number of stores supplied is in excess of 450 with inventory-less just-in-time management, this helps to deal with anomalies. The operator checks with the system using the support number and product reference. The video sequence is displayed immediately, allowing the operator to check that the order has been prepared correctly and dispel any doubts visually.

* Warehouse management system

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79282_ID_LOGISTICS_RA2016_EN.indd 17 26/06/2017 10:33 BEAt ID Logistics, COMMIT everyone ED takes action to apply the Group’s commitments as set out formally in a dedicated environmental charter. This comprehensive BE LOGIS ICS and consistent approach is implemented by each site in the form of tangible and quantifi ed projects.

18 ID LOGISTICS 2016 ANNUAL REPORT

79282_ID_LOGISTICS_RA2016_EN.indd 18 26/06/2017 10:33 79282_ID_LOGISTICS_RA2016_EN.indd 19 FRAGRANCE BRANDS? REQUEST FROMLVMH WHAT WAS THE ID LogisticsFrance René d’Aboville, products andservices. ensuring highqualitypreparation of Fragrance Brandsinitsenvironmental policy. This commitmentillustratesoursupportofLVMH launched ourownISO14001certifi moreconcerns intoitssupplychainpolicy, in2016we particular itsconsistentdesire tofactorenvironmental gress-led approach involvingitspartners.Refl LVMH FragranceBrandshascommitteditselftoapro- wide. Asaresponsible and infl Director oftheBeauvaissite, for employees, while also for employees,whilealso environment withcomfort reconciles respecting the Brands platform The LVMH Fragrance total of5,000products world- Kenzo perfumes,representing a order pickingofGivenchyand age andpreparation andretail orderthis clientconcerns stor- The 17-yearpartnershipwith uential leadingname, cation procedure. cation ecting in ecting ORGANISED? THE PROJECT HOW WAS AT PRESENT? THINGS STAND WHERE DO certifi make Beauvaisthefi tifi inOctober2016andweshouldobtaincer-performed very strong supportofthispolicy. able logistics.Iwouldalsoliketohighlightourstaff’s means ofourpracticesandactions–todevelopsustain- while alsoinvolvingstaff sothatweworktogether–by environmental impactofouractivitiesontheplatform, monitormanagementofthe lows ustopermanently aim istoachieveongoingprogress. Thisapproach al- cation afterthedefi ed. First ofall,weidentifi set anythinginstone.Onthecontrary, the management system,takingcare notto environmentalon settingoutaformal be usedand,more generally, weworked procedures andoptimisationsthatcould (hygiene, health,safety).Apre-audit was optimising qualityoflifeintheworkplace cycling andrecovery of80%waste, lighting usingLEDs,managementofre- ity andcardboard, improving warehouse reducing consumptionofwater, electric- In concrete, thebenefi rst IDLogisticssitetobeISO14001 nitive auditinMay2017.Thiswill ed alloftheactions, ts are manifold: 1,600 of whichhave projects underway 1,800 sites involved development, 102 102 in sustainable been realized development sustainable supporting initiatives SUSTAINABLE DEVELOPMENT IN ACTION involvement and • increasing employee performance; and environmental both economic of needs interms solutions thatmeet and innovative means ofoptimised • helpingclientsby (vehicles andsites); reducing ourimpact managing riskby environment and • protecting the principles: is basedonthree core development strategy The Group’s sustainable performance A sustainable rail andmaritime Flows optimizationintegrating consumption etc.). reducing water (waste recycling, to tangibleresults of actionplansleading refl implementation is with clients.Its and communicate employee awareness practices helpstoraise environmental best and sharing A toolformonitoring responsible initiatives. and encouraging training programmes safety bymeansof ected byanumber 26/06/2017 10:34 19 79282_ID_LOGISTICS_RA2016_EN.indd 20 20 APPROAC AND STRUCTURAL measuring progress made. strategy tolifeintheirarea andfor responsible forbringing theGroup’s within theGroup, eachmanageris ID Logisticsinvolveseveryone: Sustainable developmentat ID LOGISTICS 2016 ANNUALREPORT Committee turns thesedirections intoactionCommittee turns The OperationalSustainableDevelopment initiatives. implements asystemofrewards toencourage validates structuralprojects andspecifi nages progress on thebasisofexecutionplan, mittee defi The StrategicSustainableDevelopmentcom- two committeeshavebeencreated. order toguaranteetheeffi them more effective andeasiertoreproduce. In as tostructure whatitdoesatGroup leveltomake lues initsSustainableDevelopmentpolicy, aswell to improve thedissemination ofIDLogistics’va- hashelped Launched in2010,anintranetplatform H nes themajorstrategicdirections, ma- cacy ofthisapproach, c tools,and and communities Acting foremployees Reducing ourcarbonfootprint of thecompany’s sitesinRiodeJaneiro. Mar favela,withintheimmediateproximity ofone education forchildren andteenagersintheBeira has created thecharityIdebra. Theaimispromote integrated intoitslocalenvironment, IDLogistics sion. InBrazil,forexample,inorder tobebetter expan- within theframeworkofitsinternational rally, the Group isinvolvedinhumanitarianefforts ment andimprove More theirperformance. gene- have alsohelpedtoincrease employeeinvolve- prevent work-related accidents.Thesemeasures improve workingconditionsforitsemployeesand hasintroducedID Logistics concrete measures to In theemployeerelations andsocialsphere, of spaceintrucks( logistics operatorsoptimisesinparticulartheuse vehicle utilisationtimes.Improved coordination of print byreducing emptykilometres travelledand gement unitshelpstoreduce ourcarbonfoot- transportation. Thecreation ofdedicatedmana- environment, ofproduct particularlyinterms The role oflogisticsexperthasanimpactonthe Strategic Committee. proposes projects andchangestotoolsthe plans, monitorstheindicators,assessessitesand see oppositealso ). of clientsparticipate division since2009 40% 40% 20% 20% 220,000 220,000 the transportation CO hours oftraining, their sustainable equal to0.9%of of reduction in in theGroup’s hours worked methodology development to optimise 2 emissionsby Around Over INVOLVEMENT OF EVERYONE managers. at operational practices, targeted on managerialbest huge programme also launcheda organisation has safety. Thetraining relating toemployee accreditations has nearlyall Labour, IDL Training Department of by theFrench Group accredited A subsidiaryofthe TRAINING ANDMOTIVATION are halfthelevel Group. The benefi managed bythe in Pantin,also logistics platform Paris stores from its gas tosupplyits running onnatural introduced sixtrucks Castorama has with IDLogistics, In partnership RUNNING ONNATURAL GAS targets is based emissions. Achieving to reduce CO the efforts made in 2016certifi division, anewaudit transportation by theGroup’s charter signed the ADEME framework of Within the REDUCING OURCARBONFOOTPRINT ed 2

ts by industry experts. training provided benefi 15 employees School. In2016, EMLYON Business in partnershipwith Breeding Ground”, the “IDLogistics with potential, young managers the selectionof France oversees Department for The Operations clean urbanlogistics. gas, allsupporting odourless exhaust few particlesandan of noise,no fumes, since 2009. cut byaround 20% emissions havebeen travelled. Overall, empty kilometres rates andminimising improving load training drivers, consumption, monitoring their the vehiclefl on modernising ted from eet, 26/06/2017 10:34 Promoting solidarity within the Group, and committing to sustainable development together with our employees, clients and partners. AND PEOPLE SOLIDARITY Over 16 years, ID Logistics has VALUES become an international group employing 18,500 people serving top-ranking clients. This success Daring, imagining, developing with a rigorous approach attests to the relevance of its in the implementation and strategy, as well as the strength ENTREPRENEUR measurement of risk. of its unifying values.

Complying with specications OPERATING and service standards, while prioritising EXCELLENCE new technologies.

Responsibility and professionalism in human relations within the company as well as with clients DEMANDINGA and partners. 21

79282_ID_LOGISTICS_RA2016_EN.indd 21 26/06/2017 10:34 FINANCIAL RESULTS

Key fi gures

1,070 41.6 931 39.9 874 735 31.8 29.6 560 18.8

2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 REVENUES UNDERLYING OPERATING INCOME 2016 (in €M) (in €M)

Shareholding and stock exchange

160 ID Logistics achieved SHARE PRICE €138.71 MOVEMENTS RESULTS 140 (€) revenues in excess of €1 billion in 2016 120 and has solid growth 100 €72.46 in store for 2017. 80

60

40

20

0 05/02/14 05/15/15 05/15/16 05/02/17

22 ID LOGISTICS 2016 ANNUAL REPORT

79282_ID_LOGISTICS_RA2016_EN.indd 22 26/06/2017 10:34 CONSOLIDATED REVENUES INCOME DISTRIBUTION ( € 000) 12/31/ 12/31/ 1.7 (proforma 2016) 2016 2015 STATEMENT Revenues 1,070,067 930,813 2% 4% 6% Purchases and external charges (585,132) (488,206) 6% MOMENTUM Staff costs (433,037) (371,485) 0.9 0.9 Miscellaneous taxes (13,038) (14,030) 9% 42% Other underlying income (expenses) 1,208 1,529 GROWTH Net (increases) write-backs to provisions 10,933 4,933 0.3 0.2 Net depreciation/impairment (23,166) (23,642) 9% EBIT before amortization of customer relations 27,835 39,912 2012 2013 2014 2015 2016 Amortization of acquired customer relations (787) (537) LEVERAGE RATIO 22% Non-recurring income (expenses) 2,531 - (net debt / EBITDA) Retail Fragrance & cosmetics Operating income 29,579 39,375 FMCG Fashion Financial income 1,966 1,654 E-Commerce Healthcare Financial expenses (7,694) (7,724) Group income before tax 23,851 33,305 High-tech Automotive and Aerospace Corporate income tax (6,454) (10,161) Share of earnings of equity affiliates 15 306 TOTAL CONSOLIDATED NET INCOME 17,412 23,450 BREAKDOWN OF Of which minority interests 1,922 2,166 +15%of revenues SHAREHOLDERS Of which Group share 15,490 21,284 (at December 31, 2016) ID LOGISTICS Earnings per share, Group share SHARE 0.12% Basic EPS (€) 2.78 3.82 ISIN CODE 33.30% 66.58% FR0010929125 Diluted EPS (€) 2.60 3.58 COMPARTMENT Euronext Paris LISTING MARKET Euronext Compartiment B PRINCIPAL INDEX CAC Small OTHER INDICES CAC Mid & Small, The tables above are a summary of the complete fi nancial statements, which, CAC All-Tradable, Managers Treasury shares together with the auditors report, can be viewed in full on the ID Logistics Group CAC Industrials website at www.id-logistics.com, fi nance area Public float

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79282_ID_LOGISTICS_RA2016_EN.indd 23 26/06/2017 10:34 FINANCIAL RESULTS

CONSOLIDATED CONSOLIDATED ( € 000) 12/31/2016 12/31/2015 ( € 000) 12/31/2016 12/31/2015 BALANCE Goodwill 168,417 116,971 STATEMENT OF Net income 17,412 23,450 Intangible assets 20,635 7,536 Net depreciation, impairment and provisions 12,682 22,492 SHEET Property, plant and equipment 83,427 98,125 CASH FLOWS Fair value adjustments on financial instruments (520) (210) Investment in equity affiliates 734 1,432 Share of undistributed earnings of equity affiliates 14 (298) Other non-current financial assets 12,376 8,374 Capital gains or losses on the sale of fixed assets (11,917) 467 Deferred tax assets 10,293 8,947 Change in working capital 23,217 (9,469) Non-current assets 295,882 241,385 Net cash flows from operating activities after net cost of debt and tax 40,888 36,432 Inventories 97 20 Corporate income tax 6,454 10,161 Trade receivables 224,562 147,292 Costs on acquisitions of equity investments 2,254 - Other receivables 58,112 45,092 Net financial expenses on financing activities 4,503 4,648 Other current financial assets 14,429 8,842 Net cash flows from operating activities Cash and cash equivalents 88,988 69,783 before net cost of debt and tax 54,099 51,241 Current assets 386,188 271,029 Tax paid (9,799) (8,038) TOTAL ASSETS 682,070 512,414 Net cash flow from operating activities 44,300 43,203 Capital stock 2,795 2,793 Purchase of intangible assets and PP&E (33,889) (23,648) Additional paid-in capital 53,841 53,569 Purchase of financial assets (2,141) (5,370) EXCHANGE DIFFERENCES (6,518) (7,751) Fixed asset payables - (198) Consolidated reserves 72,715 54,442 Purchase of subsidiaries net of cash acquired (84,485) - Net income for the year 15,490 21,284 Costs on acquisitions of equity investments (2,254) - Shareholders' equity, Group share 138,323 124,337 Sale of intangible assets and PP&E 44,857 31,235 Minority interests 7,089 6,328 Sale of financial assets 2,419 1,505 Shareholders’ equity 145,412 130,665 Net cash flow from financing activities (75,493) 3,524 Borrowings (due in over 1 yr) 114,114 55,161 Net financial expenses on financing activities (4,503) (4,648) Long-term provisions 20,630 17,688 NET LOANS RECEIVED 129,846 10,305 Deferred tax liabilities 1,279 3,535 Loan repayments (74,686) (60,895) Non-current liabilities 136,023 76,384 (Purchase) sale of treasury shares (403) (18) Short-term provisions 12,410 18,517 Minority interest dividends - (356) Borrowings (due in less than 1 yr) 25,938 28,524 Share issue 274 205 Other current financial liabilities - 520 Net cash flow from financing activities 50,528 (55,407) Bank overdrafts 10 55 Exchange gains (losses) (85) (1,923) Trade payables 188,890 130,429 CHANGE IN NET CASH AND CASH EQUIVALENTS 19,250 (10,603) Other payables 173,387 127,320 Opening net cash and cash equivalents 69,728 80,331 Current liabilities 400,635 305,365 Closing net cash and cash equivalents 88,978 69,728 TOTAL LIABILITIES AND 682,070 512,414 SHAREHOLDERS’ EQUITY

24 ID LOGISTICS 2016 ANNUAL REPORT

79282_ID_LOGISTICS_RA2016_EN.indd 24 26/06/2017 10:34 CONTACTS

EUROPE AFRICA ASIA LATIN AMERICA FRANCE NETHERLANDS AND BELGIUM MOROCCO CHINA BRASIL

ID Logistics FRANCE ID Logistics BENELUX ID Logistics MOROCCO ID Logistics CHINA ID DO BRASIL LOGISTICA LTDA 410, route du Moulin de Losque Dongenseweg 200 19, rue Ibnou Koutia Ain Sebaâ N.683 Bao Qi Road Edifi cio Icon Alphaville CS 70132 5047 SH Tilburg Casablanca Baoshan District Alameda Mamoré, 503 – 4° andar 84304 Cavaillon Pays-Bas Maroc 200444 Shanghai Alphaville Industrial – Barueri France TEL. +31 13 515 7 515 TEL. +212 5 22 34 43 16 China SP – CEP 06454-040 TEL. +33 (0)4 32 529 600 [email protected] [email protected] TEL. +86 21 6364 2957 Brasil [email protected] gistics.com [email protected] TEL. +55 11 3809 3400 [email protected] SOUTH AFRICA LA FLÈCHE GERMANY TAIWAN Quartier Boscodomini ARGENTINA ZAC Extens MIN IDL FRESH SOUTH AFRICA 735, avenue de la Première DB ID Logistics GERMANY Lancaster Park ID Logistics TAIWAN 84300 Cavaillon Lombardinostrasse 1 3&4 Merlin Rose Road No. 36, Section 2, Changxing Road ID Logistics ARGENTINA TEL. +33 (0)4 90 04 45 26 76 726 Germersheim Parkhaven - Boksburg Luzhu Distric Edifi cio “C” Bureau Parc San Isidro, [email protected] Allemagne South Africa Taoyuan City Cuyo 3532, Martínez TEL. +49 7274 502 11 TEL. +27 (0)10 003 6888 Taiwan (R.O.C.) Provincia de Buenos Aires [email protected] [email protected] TEL. +886 33 12 71 66 Argentina [email protected] TEL. +54 11 3220 2973 SPAIN [email protected] POLAND REUNION ISLAND ID Logistics SPAIN INDONESIA Calle Buenos Aires 10. P.I. Camporrosso Alcalá de Henares ID Logistics POLAND ID Logistics OCÉAN INDIEN (Madrid), CP 28806 ul.Rozdzienskiego 91 3, rue Simone Morin ID LOGITIMA INDONESIA España 40-203 Katowice ZI des Tamarins Gedung Palma One #05-511 TEL. +34 91 878 38 00 Polska 97420 Le Port Jl. HR Rasuna Said Kav X-2/4, TEL. +48 32 411 5312 La Réunion Setiabudi, [email protected] TEL. +33 262 32 33 64 Jakarta Selatan 12910 – Indonesia TEL. PORTUGAL [email protected] +62 21 252 1002 [email protected] RUSSIA ID Logistics PORTUGAL EN 3, Km 7.8 Estrada dos Arneiros 2 ID Logistics RUSSIA 42050-544 Azambuja 8 Marta Street, Building 1 Portugal Construction 12, TEL. +351 263 090 100 Business Center « Trio » Moscow, 127083 Russia TEL. +7 915 365 94 32 [email protected]

79282_ID_LOGISTICS_RA2016_EN.indd III 27/06/2017 12:10 – Photo credits : Photothèque ID Logistics, Tristan Paviot, iStock, DR. : Photothèque ID Logistics, Tristan – Photo credits

GROUPE ID LOGISTICS 410, route du Moulin de Losque – CS 70132 84304 Cavaillon – France

www.id-logistics.com : Design and production

79282_ID_LOGISTICS_RA2016_EN.indd IV 26/06/2017 10:35