2012 Annual and Sustainable Development Report
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Sharing a vision Sharing a vision Sharing a vision Sharing a vision for the future with for the future with for the future with for the future with our customers our teams investors citizens InspirationAnnual and Sustainable Development Report 2012 Please consider the environment before printing this document RADD_SPIE_BEE 2012_GB.indb 1 08/07/13 18:31 Annual and Sustainable Development Report 2012 INSPIRATION More than ever, SPIE is reaffirming its “shared vision for the future” with all its Download this stakeholders. The Group maintains an document to your mobile phone. extraordinary multi-level conversation with its customers, suppliers, teams and investors, as well as with all of us, as citizens. This conversation enables SPIE to open onto the world, which is the source of its inspiration. To fully reflect the depth of its relationships, this year SPIE has chosen to structure its Annual Report in four chapters: customers, teams, investors and citizens. In this way, readers can turn to the section that interests them most and quickly find what they are looking for. The 2012 Annual Report is full of information, not only about SPIE but also about its markets. Its graphic design is varied, even surprising, just like the world to which SPIE wants to actively contribute. 2 RADD_SPIE_BEE 2012_GB.indb 2 08/07/13 18:31 Contents 4 SPIE, sharing a vision for the future The Group in its environment: an independent European leader with operations in over 30 countries and a major commitment to meeting the challenges of the green economy. SHARING A VISION FOR THE FUTURE WITH... SHARING A VISION FOR THE FUTURE WITH OUR 16 our customers customers Some customers share SPIE’s passion SPIE in action: teams working closely with regional and local for technical excellence, whatever the field or the problems involved. Others appreciate its local service, which provides them with the constant, immediate support of a partner attentive to their requirements. We see authorities and businesses and an organisation attuned to the no reason to choose between the two because for us, they are inseparable. 18 20 26 34 An overview Cities and Energy Buildings and of energy use regions installations in Europe technical, economic and environmental challenges they face. 16 SPIE, sharing a vision for the future - 2012 17 At SPIE, our employees are our greatest asset. They are people SHARING recognised for their expertise, professionalism and commitment; A VISION FOR who know what responsibility, performance and a local presence THE FUTURE mean on a worksite or at customer facility; and who WITH OUR At SPIE, our employees are our greatest asset. proudly share a vision They are people recognised for their expertise, for the future. professionalism and commitment; who know what responsibility, performance and a local 42 our teams presence mean on a worksite or at customer teams facility; and who proudly share a vision for the future. SPIE on the move: a progress dynamic based on the values of performance, responsibility and local service, everywhere around the world. 64 investors SPIE in development: a robust growth strategy based on recurring SHARING A VISION contracts in its local technical services business, a diversified A company with a lasting FOR THE FUTURE commitment to a sustainable world. With a determined commitment to the WITH green economy, a successful positioning in tomorrow’s growth markets, and employees with a direct stake in its financial customer portfolio, a balance of organic growth and acquisitions, performance, SPIE shows all the signs investors of a company that will enjoy sustainable growth for many years to come. 64 SPIE, sharing a vision for the future - 2012 65 and significantly negative working capital requirement. An illuminating partnership To help the French seaside resort of Arcachon to upgrade its entire public lighting system, SPIE is taking a different, more effective approach to urban lighting as part of a leading- edge sustainable development process. The partnership provides for the installation of energy-efficient light bulbs and dimmers, which will drive a significant reduction in energy costs and light pollution. More about the project. 78 citizens SHARING A VISION FOR THE FUTURE SPIE in the spotlight: a unique vision of the city of tomorrow WITH citizens and the well-being of its inhabitants, based on local partnerships To meet the challenge of making our cities better, more innovative places to live, SPIE acts as an engaged corporate citizen, working with local officials to encourage sustainable urban and pan-European innovation. development, fostering quality of life and strong social ties among residents, and sharing responsibility for nurturing social cohesion. 78 SPIE, sharing a vision for the future - 2012 79 94 Appendix Summary table of CSR performance. SPIE, sharing a vision for the future - 2012 3 RADD_SPIE_BEE 2012_GB.indb 3 08/07/13 18:31 SPIE, sharing a vision for the future Profile As Europe’s independent leader in electrical, mechanical and HVAC engineering, energy, and communication systems, SPIE improves the quality of our living environment by helping local and regional authorities and businesses to design, build, operate and maintain facilities that are more energy efficient and more environmentally friendly. SPIE, partner of long-term confidence. Watch the video. 4 RADD_SPIE_BEE 2012_GB.indb 4 08/07/13 18:31 Revenue of €4.2 billion and EBIT of €242.9 million in 2012. EBIT margin of 5.8%, among the best in the business. A network of regional facilities in Europe and more than 30,000 employees working close to their customers in over 30 countries around the world. Solidly positioned (66% of revenue) in the customer’s operating budget, which drives recurring business. Solutions focused on sustainable improvements in the living environment. A good balance between the Group’s 4 strategic segments: • Energies (26%) • e-fficient buildings (32%) • Smart city (25%) • Industry services (17%) SPIE, sharing a vision for the future - 2012 5 RADD_SPIE_BEE 2012_GB.indb 5 08/07/13 18:31 SPIE, sharing a vision for the future Operations 30,200 SPIE AROUND employees THE WORLD 99 nationalities While stepping up the deployment of its network of regional operations More than in Europe, SPIE is also pursuing its development in international 400 oil & gas markets. facilities Download Creating an international SPIE maps. dynamic In 2012, SPIE continued to expand in Northern Europe 65% with the acquisition of a number of companies in the France United Kingdom and Belgium as well as in the Netherlands, where investment has accelerated and manufacturing operations are developing thanks to the country’s contact with Germany. One recent example Total revenue is SPIE Nederland’s acquisition in early 2013 of Infrastructure Services & Projects (IS&P) from KPN Group. In all, more than 5,000 SPIE employees operate in this part of Europe. €4,217m In France, the Group deepened its network across all regions with, for example, the acquisition of LION and BGR (Altergis Group) in the Bouches-du-Rhône. SPIE also expanded its operations in the field of communications with the acquisition of APX’s facilities management 11% 24% operations, enabling it to join Getronics Workspace Alliance Rest of Rest of Europe (GWA), an international network of companies with the world cutting-edge expertise in IT services. In Morocco, the year was shaped by the solid development of multi-technical services in the chemical and mining industries as well as in electrical and healthcare infrastructure projects. In the oil & gas industry, SPIE strengthened its presence in the Middle East, particularly in Saudi Arabia, Qatar, the United Arab Emirates and Iraq. In Western Africa, the Group pursued its development in Angola and Nigeria. South In the Asia-Pacific region, SPIE established a foothold in Australia with the acquisition of Plexal Group in early America 2013. This represents a strategic commitment in a country that is expected to become the world leader in liquefied Venezuela natural gas in the years ahead. 6 RADD_SPIE_BEE 2012_GB.indb 6 08/07/13 18:31 MRS(1) France MRS(1) Europe €169m Acquisitions Belgium 11 companies joined SPIE INSTEL in revenue acquired in 2012. G. Van Overschelde €7.4m + Vano Electro in 2012. Acquisitions enabled the Group to extend + Vanogroep its network of operations into new countries SN Henri Conraux €9.6m and improve its coverage of regions in €10.3m which it currently operates. SPIE is also Netherlands committed to strengthening its areas of PETROTECH Gebr. van der Donk BV Specialised expertise, working closely alongside €3.5m €45.5m Services each business. LIONS + BGR Klotz BV Communications €6m €3.1m APX PROJELEC United Kingdom €60m €3m GarsideLaycock €20.5m (1) Multi-technical regional Operations services SPIE acquires SPIE acquires SPIE acquires APX. Klotz BV. and GarsideLaycock. Watch the video. Gebr. van der Watch the video. Europe Donk BV. Watch the video. Belgium France Germany Netherlands Portugal United Kingdom Switzerland Middle East Iraq Iran Kazakhstan Asia- Kuwait Pacific Oman Africa Qatar Australia Saudi Arabia Bangladesh United Arab Emirates Brunei Algeria Yemen China Angola Indonesia Chad Malaysia Congo Myanmar Gabon Singapore Libya South Korea Morocco Thailand Nigeria Vietnam SPIE, sharing a vision for the future - 2012 7 RADD_SPIE_BEE 2012_GB.indb 7 08/07/13 18:31 SPIE, sharing a vision for the future Interview with Gauthier Louette ALL OBJECTIVES MET The Group achieved all of its performance objectives in terms of order intake, revenue, margins, and cash flow. These results attest to the validity of its business model, as well as to the quality of its positioning in its markets. Was 2012 a good year for SPIE? and represented €169 million in acquired It was a very good year, even better than revenue. Overall, SPIE turned in a very EBIT we had anticipated in 2011.