2020 Universal Registration Document with the Annual Financial Report
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UNIVERSAL REGISTRATION DOCUMENT 2020 UNIVERSAL REGISTRATION DOCUMENT WITH THE ANNUAL FINANCIAL REPORT The original French version of this universal registration document (document d’enregistrement universel) filed with the AMF can be consulted at the websites of the Group www.gl-events.com and the AMF www.amf-france.org GL EVENTS 2020 UNIVERSAL REGISTRATION DOCUMENT / 3 CHELTENHAM FESTIVAL 2020 - ENGLAND _CONTENTS 2020 UNIVERSAL REGISTRATION DOCUMENT 6 / GL EVENTS IN 2020 154 / FINANCIAL STATEMENTS 7 / Corporate profile 155 / Consolidated financial statements 8 / Annual highlights 193 / Fees paid by the Group to the auditors 18 / Key figures and shareholder information and members of their network 23 / History & milestones 194 / Statutory Auditors’ report on the consolidated financial statements 197 / Parent company financial statements / Statutory Auditors’ report on the 28 / GL EVENTS, BUSINESSES 210 AND MARKETS annual financial statements 213 / Auditors’ special report on 29 / GL events Live regulated agreements 33 / GL events Venues 36 / GL events Exhibitions 216 / STATUTORY 38 / NON-FINANCIAL INFORMATION ON STATEMENT THE COMPANY 41 / Introduction 217 / General information about GL events 45 / Environmental information 219 / Information on the share capital 53 / Employment information 71 / Information relating to societal commitments 228 / ADDITIONAL 77 / Acronyms INFORMATION 78 / Methodology note 229 / Draft resolutions submitted to the Combined Ordinary and Extraordinary 80 / Verifying Auditors’ report General Meeting of 24 June 2021 240 / Information available on web sites 241 / Annual filings and disclosures 82 / BOARD OF DIRECTORS’ 241 / Person responsible for the French version REPORTS & CORPORATE of the Universal Registration Document GOVERNANCE 242 / Responsibility statement for the 83 / Board of directors’ report on French version of the Universal corporate governance Registration Document 112 / Additional Board reports 242 / Statutory auditors 116 / Board of Directors’ report on 242 / Information incorporated by reference the resolutions of the Combined 243 / Concordance table General Meeting of 24 June 2021 245 / Table of concordance of the 126 / Risk management and internal control management report 140 / Presentation of the consolidated 246 / Table of concordance with the financial statements annual financial report 146 / Presentation of the parent company financial statements GL EVENTS 2020 UNIVERSAL REGISTRATION DOCUMENT / 5 01 GL EVENTS IN 2020 7 / CORPORATE PROFILE 8 / ANNUAL HIGHLIGHTS 18 / KEY FIGURES AND SHAREHOLDER INFORMATION 23 / HISTORY & MILESTONES GL EVENTS 2020 UNIVERSAL REGISTRATION DOCUMENT / 6 _GL EVENTS IN 2020_ CORPORATE PROFILE GL events has continued to grow in a coherent and selec- tive manner by effectively leveraging its key strengths: an integrated business model with synergies across ٱ GL EVENTS, A the Group's three major businesses in order to opti- GLOBAL PLAYER mise performances and enhance complementarities throughout the world; a solid base in its domestic market that has expanded ٱ IN THE WORLD to international markets, building on the strengths of OF EVENTS mature countries, pursuing opportunities in emerging markets with ٱ strong growth potential, powerful logistics capabilities that today cover the full ٱ GL events is a leading integrated provider of event solutions and services covering the industry’s three major markets: event production cycle from sourcing, manufacturing conventions, conferences, congresses to assembly, making it possible to produce and deliver ٱ ,cultural, sports, institutional, corporate and political events, equipment within very tight deadlines ٱ :a focus on innovation in all its spheres of intervention ٱ .trade shows and consumer fairs ٱ The Group intervenes on behalf of public and private cus- creation of equipment integrating sustainable de- tomers in France and international markets: companies, velopment requirements, implementing the digital institutions and event organisers. It assists them at every transformation in all areas of the company, monitoring stage of the process from defining their event strategies developments to identify future trends, collaborating or concepts to final implementation in the field. Working with creators, designers, architects, etc. -a commitment to developing destinations offering sig ٱ -alongside public authorities, it helps develop policies de signed to promote the attractiveness of territories and nificant potential. their economic development. This is achieved by adopting a dynamic and ambitious approach to the management COMPELLING ASSETS of venues and the organisation of events. GL events has significant assets that bolster its standing as a Present on five continents with operations in more than market leader, provide differentiation within the global event 20 countries, in 2020 GL events had revenue of 479 billion. landscape and reinforce the confidence of its stakeholders: -a brand offering name recognition that conveys an im ٱ .(GL events is listed on Euronext Paris, Segment B (mid caps age combining the strengths of rigorous standards, a THREE STRATEGIC culture of respecting promises and high quality services, cutting-edge know-how covering every facet of event ٱ BUSINESSES DIVISIONS GL events Live's expertise covers the complete range of organisation (engineering, design), ,trade shows and fairs with strong name recognition ٱ -business specialisations and services for corporate, institu ,a network of venues ٱ -tional and sports events from turnkey solutions, consult .a perfectly adapted equipment portfolio ٱ .ing and design to staging the event itself GL events Exhibitions manages a portfolio of exhibitions covering a broad range of sectors including the food in- A UNIQUE BUSINESS MODEL: dustry, culture, textiles / fashion, industry, construction, A COMPLEMENTARY MIX OF EVENT buildings, construction finishing work, etc. INDUSTRY SOLUTIONS AND SERVICES GL events Venues manages a network of 50 venues (con- GL EVENTS LIVE vention and exhibition centers, concert halls and multi-pur- FROM DESIGN TO EXECUTION: pose facilities) in France and international destinations. SPANNING THE FULL RANGE OF SERVICES OF EVENTS AN INTERNATIONAL GROUP GL events is a top-tier world-class provider of solutions and services for events with several key strengths: a strategy of selective and lasting local operations ٱ AN EVENT: to leverage different local strengths, today reflect- TRADE SHOWS, EXHIBITIONS, ed by more than 90 offices spanning five continents CONVENTIONS, SPORTS, – branches, sales offices or venues managed under CULTURAL OR POLITICAL OR concession agreements – implemented by building CORPORATE EVENTS… alliances with top-tier local partners or by acquiring companies with strong positions in their market, regular participation in large global events: Olympic ٱ Games, world cups, international meetings… for which GL events has a track record of success as an industry benchmark in terms of the quality of its services, a capacity to manage multi-national teams and projects. GL EVENTS VENUES GL EVENTS EXHIBITIONS ٱ A NETWORK OF AN EXHIBITION ORGANISER 50 EVENT VENUES GL EVENTS 2020 UNIVERSAL REGISTRATION DOCUMENT / GL EVENTS IN 2020 / 7 _GL EVENTS IN 2020_ ANNUAL HIGHLIGHTS LIVE GL EVENTS’ EXPERTISE IN FRANCE – A MODULAR DEPLOYABLE BIO- CONTAINED INTENSIVE CARE COMPLEX THE SERVICE OF THE HEALTH EMERGENCY In response to the health crisis, in partnership with other innovative companies, GL events designed a self-contained intensive care unit able to be deployed in just 20 days. Named GL events provides responsiveness and flexibility with its range Hoplite, this unit is easy to store and transport. In addition, of emergency health-care solutions, drawing on its expertise its modular design is fully scalable in terms of capacity, in event structures and overlays. The Group's teams rapidly bio-security level and equipment. deployed easy to transport and erect temporary structures capable of being adapted to all types of environments and rough terrains. The Group's structures can be used as hospitals, living quarters, decontamination areas, etc. These turnkey solutions include power distribution, lighting, heating and air conditioning. Different meeting, work and storage areas can be laid out, according to the requirements. The structures are easy to transport and can be erected on all types of surfaces. A FEW EXAMPLES SOUTH AFRICA – A HOSPITAL IN JOHANNESBURG In coordination with the government, GL events South Africa equipped the Johannesburg Expo Center with 50 isolation beds. CHILE - EMERGENCY MEDICAL UNITS GL events Chile delivered pneumatic tent structures serving as rapid deployment emergency medical care units able to be used both as a primary care facility or for providing more complex care. They are also able to be used to create fully equipped field hospitals adapted to the needs of medical teams. GL EVENTS 2020 UNIVERSAL REGISTRATION DOCUMENT / GL EVENTS IN 2020 / 8 _GL EVENTS IN 2020_ ANNUAL HIGHLIGHTS LIVE CHINA - NEW MATERIALS INDUSTRY INTERNATIONAL EXPO In China, ZZX provided overlay services for 30,000 sqm at the Zibo International Convention and Exhibition Center in Shandong. The Group’s subsidiaries provided packaged stands and produced the common areas for the organiser. FROM 16 TO 19 OCTOBER 2020 JAPAN - NATIONAL SKILLS OLYMPIC COMPETITION AT AICHI SKY EXPO The 58th National Skills Competition and the 40th National Skills Competition for Persons with Disabilities (Abilympics) were held at Aichi Sky