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CORPORATE SOCIAL RESPONSIBILITY INFORMATION 2018 Aggregate Mining in Saint-Jean-Le-Vieux in Ain, France

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CORPORATE SOCIAL RESPONSIBILITY INFORMATION 2018 Aggregate Mining in Saint-Jean-Le-Vieux in Ain, France CORPORATE SOCIAL RESPONSIBILITY INFORMATION 2018 Aggregate mining in Saint-Jean-le-Vieux in Ain, France 2 VICAT Corporate Social Responsibility Information 2018 Corporate Social Responsibility Information 2018 1. MESSAGE FROM THE CHAIRMAN AND CEO 4 2. PRESENTATION OF THE GROUP 7 3. STATEMENT OF EXTRA-FINANCIAL PERFORMANCE - 2018 31 4. CROSS-REFERENCE TABLE OF ITEMS IN THE STATEMENT OF EXTRA-FINANCIAL PERFORMANCE REPORT 64 GLOSSARY 66 VICAT Corporate Social Responsibility Information 2018 3 MESSAGE FROM THE CHAIRMAN AND CEO There is simply no alternative to cement to meet the need for construction materials in the years to come. Guy SIDOS Invented by Louis Vicat 200 years ago, is cement still a material of the future? There is simply no alternative to cement to meet the need for Each generation has successfully adapted the company to construction materials in the years to come. Given the scale of the contingencies of the times and nurtured it with passion population growth, cement, that is locally produced, is simply the before passing it on to the next generation, ever respectful only material available in sufficient quantity and at a sufficiently of the admirable work of the Group’s equally passionate affordable price. employees, without whom this growth would not have been The manufacturing and usage of this material that has brought possible. quality housing to so many people and provided protection In a global environment where business cycles in different and comfort to users for two centuries is changing in line countries are not necessarily synchronized, our model brings with sustainable development policies and circular economy resilience through geographic diversification. principles. The Group now operates in 12 countries, As the only French cement group, what are the advantages what are your international expansion priorities? of the Group’s family identity? What is the secret of The Group’s international expansion dates back close to 45 its longevity? years, when we took our first steps in the United States. Now Seven generations of family entrepreneurs have successively held operating in five geographies (Europe, the Americas, West Africa, the reins since artificial cement was invented in 1817, guiding the the Mediterranean and Asia), the company is pursuing growth in Vicat group along a path of consolidation, vertical integration and emerging countries, where demand for construction materials international expansion. will be the strongest in the coming years. 4 VICAT Corporate Social Responsibility Information 2018 How would you describe the Group’s approach We take a proactive approach to sustainability? to sustainability, making it We take a proactive approach to sustainability, making it an integral part of the Vicat Group’s overall strategy. Action taken to an integral part of the Vicat reduce the drain on natural resources, to encourage the recycling Group’s overall strategy. of construction materials and to promote waste as an energy source are key parts of the process. Our cement plants are links in the short chains of circular economy. More than 20% of the cement coming out of our plants is derived from the transformation of waste formerly stored in landfills. The latter is now being reused for the energy it provides, replacing fossil fuels, or for the raw material it represents. We have launched the “Vicat Circulère” offer in France to extend this know-how. The proper use of raw materials and the recovery of In some countries, the Vicat group has developed complementary waste are becoming more widespread thanks to this determined, activities to its three core businesses (Cement, Concrete and responsible and profitable approach. Aggregates), which enable it to develop synergies, optimize At the same time, the Group is committed to promoting biodiversity production costs and improve customer service: construction and safeguarding ecosystems in its host communities. We have chemicals, prefabrication of concrete products and transportation acquired expertise in the redevelopment of our quarries, not only of materials are complementary activities that add value to our during the operational phase, but also at the end of their lives. products. Together, they represented 15% of the Group’s sales in 2018. All this is made possible by the attention paid to relations with stakeholders, both external and internal. We firmly believe that What is your view of the Group’s performance in 2018? that this environmental industrial approach will be supported by our customers. The last year saw the resumption of our external growth with the acquisition of Brazilian cement producer Ciplan. This acquisition Ever since the days of Louis Vicat, innovation gives us a foothold in South America, a continent with great has been one of the keys of Vicat’s success. potential. What are the priorities of your innovation strategy? We are pursuing our balanced development strategy, which Our R&D focuses on the performance of our materials, the allows us to weather the economic turbulence of our unstable environment, the ease of use of our products and restrained world by spreading the risks geographically. This reinforces our used of resources. Group’s long-term stability. The Vicat group works across the entire spectrum of the Vicat’s 2018 results are stable, despite considerable volatility in construction system, including sustainable urban mobility currencies stemming from geopolitical tensions. (“Transpolis” laboratory city), biodiversity (“Odyssey” project), For instance, in the summer, the tremendous momentum of the connectivity, 3D printing, concrete solar collectors, quick repair first half of the year in Turkey was halted by the sharp depreciation solutions for roads and building insulation. of the lira in August. The ultimate goal of innovation in construction is to rethink Overall, the year’s results are satisfactory, but paint a contrasting housing and cities, and to invent accessible new models of picture depending on the country, with growth notably in France, cohabitation and mobility that are respectful of the environment the United States and Kazakhstan. and biodiversity. VICAT Corporate Social Responsibility Information 2018 5 The Ciplan cement factory, near Brasilia, in Brazil 6 VICAT Corporate Social Responsibility Information 2018 PRESENTATION OF THE GROUP 1 1.1. Profi le 8 1.5. Description of businesses 16 1.5.1. Cement 17 1.2. Key fi gures 10 1.5.2. Ready-mixed Concrete 22 1.5.3. Aggregates 24 1.3. History 12 1.5.4. Other products and services 25 1.5.5. Operating sites and production equipment 26 1.4. Strengths and strategy 14 1.6. Research & development 28 1.4.1. The Group’s strengths 14 1.6.1. Processes 28 1.4.2. Development strategy analysis by business 14 1.6.2. Low-carbon products 28 1.4.3. Geographic development strategy 15 1.6.3. Constructive solutions 28 1.6.4. Partnership policy 29 VICAT Corporate Social Responsibility Information 2018 7 Presentation of the Group 1 1.1. Profi le 1.1. Profile The Vicat Group has real know-how in the Cement, Ready-mixed Concrete and Aggregates businesses, and was born with the invention of artifi cial cement by Louis Vicat in 1817. This tradition of innovation and technical excellence has continued over two centuries through research, discoveries and participation in countless buildings and complex civil engineering structures. Cement is the Vicat Group’s “core business”: in 1817, Louis Vicat firmly under control. The Group doubled its overall cement production invented artificial cement and in 1853, his son Joseph Vicat built the capacity between 2006 and 2012, with a strong focus on the emerging Group’s first cement plant. This business accounted for more than 49% countries. The portion of consolidated sales revenues generated outside of the Vicat Group’s consolidated sales revenues in 2018. France has risen steadily and rapidly, from 43% in 2000 to 63% in 2018 (including 32% in emerging countries). The Group’s industrial and commercial expertise, together with its strategic model for long-term development, backed by its shareholders Wherever justified by market conditions, the Group pursues a policy and a management presence by members of the founding family since of vertical integration into Ready-mixed Concrete & Aggregates, which the Company’s formation, have made the Group a regional leader in accounted for 38% of consolidated sales revenues in 2018. the 11 countries where it operates across Europe, North America, Asia, The Group also benefits from synergies with complementary activities Africa and the Middle East. At the start of 2019, the Group established a (Precast Concrete Products, Construction Chemicals, Transport, Paper foothold on a new continent with the acquisition of cement manufacturer and Bags businesses) carried on in certain markets to consolidate Ciplan in Brazil. its range of products and services, and to strengthen its regional Beginning in 1974 with the acquisition of a cement factory in the United positioning. States, the Group’s international expansion has continued since then at a pace sustained by its strong operating cash flow, with debt kept €2,582 M 8,684 3 business segments sales revenues employees Cement, Concrete & Aggregates, Other Products & Services 8 VICAT Corporate Social Responsibility Information 2018 Presentation of the Group 1.1. Profi le 1 Vicat has a presence in South America in Cement, Concrete & Aggregates, having finalized its acquisition of a majority shareholding in Ciplan in Brazil in early 2019. 12 countries 22.8 9.0
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