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Registration Document Business Activities and Sustainable Development 2009

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Registration Document Business Activities and Sustainable Development 2009 REGISTRATION DOCUMENT BUSINESS ACTIVITIES AND SUSTAINABLE DEVELOPMENT 2009 Bouygues SA Bouygues Construction Bouygues Immobilier Colas TF1 Bouygues Telecom CONTENTS Chairman's statement 2 LEGAL AND FINANCIAL INFORMATION 120 • Information on directors and non-voting directors 122 THE GROUP 4 • Information on auditors 131 • Board of Directors and simplified organisation chart 6 • Chairman’s report on corporate governance and internal control 132 • Management team 7 • Remuneration of corporate officers and stock options granted 149 • Bouygues and its shareholders 8 • Share ownership 158 • Key figures 12 • Stock market performance 160 • Sustainable development, research and innovation, human resources 16 • Share capital 161 • Results of Bouygues SA 166 • Legal information 168 BUSINESS ACTIVITIES AND SUSTAINABLE • Annual publications 170 DEVELOPMENT 26 • Bouygues Construction: full-service contractor 28 • Bouygues Immobilier: a leading property developer 44 FINANCIAL STATEMENTS 176 • Consolidated financial statements 178 • Colas: the world's leading roadbuilder 56 • Parent company financial statements 231 • TF1: No. 1 privately-owned television group in France 70 • Bouygues Telecom: telecommunications operator 82 • Bouygues SA 96 COMBINED ANNUAL GENERAL MEETING • Alstom: two high-growth businesses 98 OF 29 APRIL 2010 242 • Highlights since 1 January 2010 102 • Agenda 244 • Board of Directors' reports 245 RISKS 104 • Auditors' reports 252 • Business-specific risks 106 • Draft resolutions 262 • Market risks 113 • Claims and litigation 115 CONCORDANCE 268 • Insurance – Risk coverage 119 NOTE ON REPORTING METHODOLOGY 270 STATEMENT BY THE PERSON RESPONSIBLE FOR THE REGISTRATION DOCUMENT 271 This document is a free translation of the Registration Document filed with the Autorité des Marchés This document is printed by Typoform, a PEFC-certified printer with the Imprim’vert® label. This certification guar- Financiers (AMF) on 15 April 2010 pursuant to Article 212-13 of the AMF General Regulation. It may antees that the paper on which the document is printed comes from sustainably managed forests. The Bouygues be used in support of a financial transaction if supplemented by a stock exchange prospectus bearing group Registration Document may be consulted online and downloaded from the Finance/Shareholders section an AMF visa. of the www.bouygues.com website. 1 2009: A SOLID PERFORMANCE, YET AFFECTED BY THE CRISIS STRONG ASSETS FOR 2010 2 ouygues posted a solid performance in 2009, first quadruple play service on the market, was a great success. despite the crisis, and exceeded its objectives. Sales In the mobile phone segment, the company attracted 758,000 BB declined by 3% to €31.4 billion, operating profit by new customers. 16% and net profit by 12%. However, a sharp drop in net debt, Alstom contributed €329 million to Bouygues’ net profit. a halving of net gearing and an increase in free cash flow reflect Cooperation between the two groups took shape in the form of a very healthy financial structure. joint bids for TGV high speed rail projects in France. Bouygues Construction reported a very slight increase in The Board of Directors will ask the Annual General Meeting sales, up 0.5%, and operating margin, up 0.3 points. Net profit, on 29 April 2010 to approve the payment of a dividend down 19%, was hit by lower interest rates despite a sharp rise unchanged at €1.60 per share. in the net cash position. The order intake was equivalent to a year’s sales. The Group focused its sustainable development strategy on reducing carbon emissions and energy consumption, respon- Bouygues Immobilier adapted to market conditions. Sales sible purchasing and measures to encourage diversity and safety. rose 2%, driven by buoyant residential property activity. Net Sustainable construction has become a differentiation factor for profit rose 5% and the company again posted a net cash sur- Bouygues. plus. After successfully adapting in 2009, Bouygues is entering 2010 Colas stood up well to difficult market conditions, marked by in good shape with several strong assets. falling demand, the postponement of stimulus plans, lower bitu- men prices and fierce competitive pressure. In this context, sales I should like to thank our shareholders for their confidence and were down 9% and net profit 21%. all our employees for their hard work and their commitment. TF1 confirmed its position as France’s most-watched TV chan- nel, with high audience ratings in a difficult economic, regulatory and competitive environment. 2009 was a year of successful adaptation and preparation for the future. 2 March 2010 Bouygues Telecom, which has passed the 10-million cus- Martin Bouygues tomer mark, reported excellent results. The launch of ideo, the Chairman and CEO 3 Bouygues Group employees behind the scenes at the filming of the "Building the future is our greatest adventure" advertisement THE GROUP Board of Directors 2009 sales by region 13 and simplified organisation chart 6 Earnings per share 13 Cash flow 14 Management team 7 Net capital expenditure 14 Free cash flow 14 Bouygues and its shareholders 8 Net debt 15 Communicating with shareholders 8 2010 sales target 15 Registered share service 10 Creating value 10 Sustainable development, Share ownership at 31 December 2009 11 research and innovation, human resources 16 Stock market performance since January 2009 11 Introduction 16 Key figures 12 Sustainable development in the Group 16 Financial highlights 12 Research and innovation 19 Sales 12 Human resources 19 Operating profit 13 Net profit attributable to the Group 13 5 BOARD OF DIRECTORS AND SIMPLIFIED ORGANISATION CHART AT 2 MARCH 2010 BOARD OF DIRECTORS SIMPLIFIED GROUP ORGANISATION CHART Chairman and CEO Martin Bouygues POWER-TRANSPORT 29.8%1 Executive Director Olivier Bouygues Deputy CEO and standing representative of SCDM, director CONSTRUCTION TELECOMS AND MEDIA Directors Pierre Barberis Jean-Michel Gras 100% 100% 96.6% 43% 89.5% Former deputy CEO, Director representing Oberthur employee shareholders B/CW PROPERTY ROADS MEDIA TELECOMS Patricia Barbizet Thierry Jourdaine CEO and director, Artémis Director representing employee shareholders François Bertière 1Excluding Alstom Hydro transaction Chairman and CEO, Patrick Kron Bouygues Immobilier Chairman and CEO, Alstom Mrs Francis Bouygues Hervé Le Bouc BOARD COMMITTEES Georges Chodron de Courcel Chairman and CEO, Colas COO, BNP Paribas Helman le Pas de Sécheval Accounts Committee Remuneration Committee Charles de Croisset Managing Director, Groupama Centre-Atlantique Helman le Pas de Sécheval (Chairman) Pierre Barberis (Chairman) International Advisor to Patricia Barbizet Patricia Barbizet Goldman Sachs International Nonce Paolini Georges Chodron de Courcel Lucien Douroux Chairman and CEO, TF1 Thierry Jourdaine Ethics and Sponsorship Former Chairman Jean Peyrelevade Committee of the Supervisory Board, Vice-Chairman, Leonardo France Selection Committee Lucien Douroux (Chairman) Crédit Agricole Indosuez François-Henri Pinault Jean Peyrelevade (Chairman) François-Henri Pinault Yves Gabriel Chairman and CEO, PPR François-Henri Pinault Jean-Michel Gras Chairman and CEO, Bouygues Construction Non-voting director Alain Pouyat 6 MANAGEMENT TEAM AT 2 MARCH 2010 BOUYGUES PARENT COMPANY Martin Bouygues Olivier Bouygues Jean-François Guillemin Philippe Marien Alain Pouyat Jean-Claude Tostivin Chairman and CEO Deputy CEO Corporate Secretary Chief Financial Officer, Executive Vice-President, Senior Vice-President, Chairman of Bouygues Telecom Information Systems Human Resources and New Technologies and Administration HEADS OF THE FIVE BUSINESS AREAS Yves Gabriel François Bertière Hervé Le Bouc Nonce Paolini Olivier Roussat Chairman and CEO, Chairman and CEO, Chairman and CEO, Chairman and CEO, CEO, Bouygues Construction Bouygues Immobilier Colas TF1 Bouygues Telecom Management team • The Group 7 BOUYGUES AND ITS SHAREHOLDERS Listed on the Paris Bourse since 1970, Bouygues is one of the market’s flagship stocks, as demonstrated by its almost uninterrupted inclusion in the CAC 40 index. Throughout this period, the Group has been committed to involving its shareholders in its developments, combining corporate responsibility with an entrepreneurial spirit. Communicating with shareholders In compliance with regulatory require- ments, Bouygues is committed to ensur- ing that all its institutional and individual shareholders have easy access to full, fair, regular and transparent financial informa- tion at all times. Financial press releases The Group’s financial press releases (quarterly financial information, results Website releases, and news about major financial In line with the Group’s commitment to transactions) are distributed widely and immediacy, transparency and equal access immediately in France and around the to information, the www.bouygues.com world, through news agencies and over website provides shareholders with the internet. Bouygues issues regulated detailed, constantly-updated material information through Les Echos-Comfi, a about Bouygues shares and the Bouygues service-provider licensed by the Autorité group, including key performance indica- des Marchés Financiers (AMF). tors and information about its manage- ment, businesses and values. Bouygues also publishes summary finan- cial notices in leading French and interna- All press releases issued by the Group and tional financial, business and investment its businesses are available on the site, print media. During 2009, such notices together with all other documents
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