2018 Profile

2018 PROFILE

SNCF ÉQUIVALENCE QUADRI SNC_11_0000_Logo2011 16/02/2011 24, rue Salomon de Rothschild - 92288 Suresnes - FRANCE DÉGRADÉ CYAN MAGENTA YELLOW Tél. : +33 (0)1 57 32 87 00 / Fax : +33 (0)1 57 32 87 87 Web : www.carrenoir.com

Ce fichier est un document d’exécution créé sur RÉSERVE BLANCHE Illustrator version CS3. TO OUR READERS SNCF GROUP TODAY SNCF is already a leader in passenger transport and freight logistics—in France and around the world.

The rail reform adopted by the French Parliament on 27 June 2018 creates a more unified SNCF, better equipped to compete successfully on an open market.

As a champion of mobilities of all types, SNCF Group never stops making things easier for our passengers and freight customers—across France and around the globe.

Looking to the future, the reform ensures we’ll have a reliable, high-performance network that is also more eco-friendly.

And in doing so, it will allow us to reinvent SNCF’s public service mission and meet competition from a position of strength. €33.5bn €8.8bn 14 revenue in investments million passengers carried daily, (all funding sources combined) in France and around the world over 33% revenue from with 95% 270,000 international markets generated in France employees worldwide 120 countries

Key figures at YE 2017

02 2018 PROFILE 2018 PROFILE 03 FINANCIAL PERFORMANCE SNCF GROUP HAS ALREADY INVESTED KEY FIGURES IN 2017 MORE THAN €75BN OVER 10 YEARS WITH MORE THAN 60% FINANCED BY SNCF SNCF GROUP 9.3 SNCF SNCF Total investment, all funding sources in €bn 8.8 €M IN 2017 GROUP 8.6 MOBILITÉS RÉSEAU % financed by SNCF 8.2 8.2

Revenue 33,515 31,831 6,496 7.2 2017 / 2016 Change + 4.2% + 4.7% + 0.9% 6.5 6.5 6.3 6.5 EBITDA 4,578 2,759 1,897 As % of revenue 13.7% 8.7% – Financial profit – 1,476 – 290 – 1,172 Recurring net profitattributable to equity holders of parent co. 679 895 – 157 42% 51% 50% 70% 73% 66% 68% 69% 64% 58% 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Net profit attributable to equity holders of parent company 1,330 1,136 – 201 Self-financing capacity 2,857 2,086 1,894

Total investment, all funding sources – 8,834 – 3,590 – 5,180 Financed by SNCF – 5,138 – 2,244 – 2,829 INCLUDING €16.2BN Free cash flow – 184 – 2,057 FOR NEW TRAINS SINCE 2008 Net debt – – 7,914 – 46,630 NEARLY 50% FINANCED BY SNCF

SNCF HAS GONE FROM FRENCH RAIL COMPANY TO

INTERNATIONAL MOBILITY SERVICES GROUP IN JUST 10 YEARS 2 2 2 2 2 1 1 80 780 GROUP INTERNATIONAL WORLD-CLASS TGV TER REVENUE BUSINESS FREIGHT LOGISTICS trainsets trainsets IN €BN AS % OF GROUP REVENUE EXPERT

1 4th 8th 23.7 33.5 15% 33% 15 35 IN EUROPE WORLDWIDE Eurostar Intercités trainsets trainsets SNCF LOGISTICS REVENUE +40% IN €BN

AN EXPERT IN PUBLIC TRANSPORT AND HIGH-SPEED RAIL 7.5 10.3 270 Trainsets for the PUBLIC TRANSPORT REVENUE NO. OF HS PAX * Paris region IN €BN IN MILLIONS +40%

6.2 9.9 101 139 Key: INCLUDING €45BN IN ENGINEERING WORKS

2007 2017 ON THE RAIL NETWORK SINCE 2008 +60% +40% * High-speed rail passengers (millions)

04 2018 PROFILE 2018 PROFILE 05 ONE GROUP, SIX CORE BUSINESSES

We have already established SNCF Group as a global standard- setter in passenger mobility services and freight logistics. Our skills are centred around six core businesses.

COMMUTER MOBILITIES LONG-DISTANCE SNCF LOGISTICS SNCF RÉSEAU SNCF GARE & CONNEXIONS SNCF IMMOBILIER MOBILITIES

pages 10-11 pages 12-13 pages 14-15 pages 16-17 pages 18-19 pages 20-21

Transilien: High-speed trains Geodis: Access to France’s rail network Operation, renovation Management of SNCF’s Public transport in France and Europe: Freight transport and logistics infrastructure, including and economic development of property portfolio for the Paris region TGV inOUI and TGV: in 120 countries worldwide allocating capacity and nearly 3,000 stations in France Eurostar, Thalys, Lyria establishing access fees Optimization of buildings Keolis: TFMM: Services provided to all rail and land Global leader in shared Low-cost, high-speed rail: Rail & multimodal Management of network traffic operators on a fair and equal commuter mobility OUIgo freight transport basis Management and development Infrastructure maintenance of residential properties TER: Intercités: Ermewa Group: and renovation Regional passenger Medium- and long-distance Equipment management transport trains in France Network expansion and development, with a focus Long-distance coaches on overall efficiency in France and Europe: and optimum value OUIBUS Rail engineering expertise Ticket sales: within SNCF Group from Systra OUI.sncf

06 2018 PROFILE 2018 PROFILE 07 WESTERN EUROPE 1% n Geodis. Use of augmented reality solution at Cologne warehouse to make order-picking easier for employees 18 % n TFMM. Master agreement on Europe-wide transport of iron and steel for Arcelor Mittal n TFMM. Acquisition of 45% stake in Switzerland’s BLS Cargo SUCCESS AROUND n Keolis. Acquisition of Belgian parking specialists Alfa Park and Parkeren Roeselare (19,500 spaces) n Keolis. Contract to operate Teutoburger-Wald-Netz regional train network (Germany), Overijssel regional trains (Netherlands) and Almere bus network (Netherlands) n Keolis. Launch of HelloGo, the first Mobility As A Service platform in the Netherlands. With this mobility 62% application, users can combine all available mobility modes, both public and private THE WORLD n Systra. Automation of 2 metro lines in Brussels n Systra. Line 2 of Turin’s automated metro SNCF GROUP BUSINESS ACTIVITIES 19% n Systra. 3 high-speed lines in France: Sud Europe Atlantique, Bretagne-Pays de la Loire, Nîmes-Montpellier rail bypass n Arep. Belgium: project management for three new metro stations in Brussels n Arep. Belgium: design of new signage systems for SNCB stations AND KEY PROJECTS n Arep. Switzerland: study on transforming the Lausanne rail station €2,762m 1% NORTHERN EUROPE 50% 1% 41% n Keolis. Contract for Denmark’s future Aarhus light rail network, the first of its kind in the country n Systra. Denmark: Aarhus light rail 40% n Systra. Sweden: Ostlänken HS line 29% 59%

69% 0,3% €1,083m NORTH AMERICA 99,7% n Geodis. Global logistics 1% contract with IBM 1% 8% €227m CENTRAL & EASTERN EUROPE n Geodis. Management of €2,352m n Systra warehouses in Miami, Florida . Italy: Line 2 of the Turin metro n Systra. Italy: Naples-Cancello HS line and Carson (Long Beach), California 5% for Danone Waters of America UNITED KINGDOM n €2,051m Keolis. Operation of Foothill n Keolis. Award of contract for Transit bus network (California, operation of Manchester’s light rail USA): 147 buses, incl 14 electric network, the largest in the UK with 95% buses n 96 km of track and 7 lines €468m CENTRAL ASIA Keolis. One-year pilot with n Keolis. Operation of the London driverless shuttles in Las Vegas 22% 56% n Geodis. 5,917 containers carried by train n line of the Docklands Light Railway Keolis. Renewal of contract (DLR) automatic elevated metro since 78% 44% between China and Europe in 2017 in Las Vegas: 250 buses running 2% n Geodis. One of the top 3 providers of these rail 2014 €39m €86m 8% 24/7 on 17 lines 98% freight solutions between Asia and Europe n Systra. London-Birmingham HS2 15% n Systra. United States: CBTC on 77% n Geodis. Eco-friendly deliveries to urban New York’s 8th Avenue subway line Shanghai for Sephora €227m n Systra. United States: Lewis and €86m n TFMM. Transport of industrial-grade yellow Clark Bridge phosphate n Keolis. Contract for future driverless metro line serving Shanghai Pudong International Airport in 5% China 8% n Systra. China: line 1 of the Xiamen Metro 92% 95% n SNCF Hubs & Connexions. €200,000 study on marketing of South Korea’s Gwangmyeong station 3% €37m €162m CENTRAL AMERICA & THE CARIBBEAN NORTH AFRICA n Systra. Panama: Study for canal crossing 97% n for the Panama Canal Arep. Morocco: Project management for Line 2 of the €193m Casablanca light rail system n Arep. Morocco: Project SOUTH ASIA 1% 36% management for Casablanca’s n Geodis. In South Korea, Corniche Mohammedia housing contract to manage logistics SOUTH AMERICA complex for one of the world’s SOUTHEAST ASIA n n Systra. Brazil: BHNS in Belém Arep. Morocco: Landscaping and largest BMW distribution n development of Casablanca’s 63% Systra. Philippines: n Systra. Chile: Asset management centres Extension of Line 1 in contract for the entire EFE network Bouskoura Forest n Keolis. Launch of the first n Manila n Systra. Colombia: Preliminary Arep. Morocco: Zenata sports park line of Hyderabad’s n n Arep. Morocco: Planning for a new €818m Arep. Five-year studies for the Bogotá metro driverless metro, the 2nd contract for technical n Arep. Brazil: Study of transport zero-carbon city in Laayoune, in the MIDDLE EAST largest network of its kind in Western Sahara n assistance to the city of hubs in Sao Paulo and at Rio Central Keolis. Contract for future driverless metro India Yangon, Myanmar, on station n Systra. Algeria: Ouargla’s M light and light rail network for Doha and Lusail, Qatar. n Systra. India: Eastern rail system n urban planning, urban Systra. Saudi Arabia: Medina BHNS Freight Corridor and inland waterway n Systra. Tunisia: Sfax light rail n Systra. Egypt: Cairo Metro n Systra. India: metros in n transport, public SNCF Hubs & Connexions. €189,000 marketing Ahmedabad, Nagpur, and spaces, and asset study for the station in Teheran, Iran Pune portfolio n Arep. Study on optimizing several rail sites in n SNCF Hubs & Connexions. the cities of Teheran, Qom and Mashhad in Iran €900,000 feasibility study n Arep. Technical support for regional urban for Pettah multimodal planning under an inter-governmental transport hub in Colombo, Revenue volume by type of business, % agreement between France and Bahrain, in Sri Lanka awarded to a Achievements of SNCF n Freight transport and logistics: SNCF Logistics partnership with Expertise France, Egis and consortium of Arep, SNCF AUSTRALIA /OCEANIA Logistics subsidiaries n Short- & medium-distance mass-transit passengers: Keolis Setec Hubs & Connexions and n Geodis. 75 trains carried from India to Australia that provide logistics n Long-distance passengers SUB-SAHARAN AFRICA n Arep. Detailed project management studies EGIS n Keolis. Launch of multimodal transport network (bus, ferry, services outside France are n Consulting and engineering: Systra n Systra. Ethiopia: Awash for the six stations on the Doha metro’s Green on-demand transport and light rail) in Newcastle, Australia included here in the region n Gares & Connexions: SNCF Hubs & Connexions / Arep Kombolcha-Hara Gebeya rail line Line in Qatar n Keolis. Extension of light rail network in Gold Coast, corresponding to shipment n Systra. Morocco: Kenitra–Tangier n Arep. Project management (architectural Australia origin or destination, or in the Total revenue volume in €m HS line design and testing) for the “iconic station” n Keolis. Renewal of contract to operate Melbourne’s light rail region where the client’s home Companies in which SNCF Group has equity interests n Systra. Senegal: TER in Dakar on the red line of the Dubai metro, the gateway network, the largest of its kind in the world (controlling or not). Data includes changes in scope of consolidation n n country is located. Arep. Project management for two to the city’s Universal Exposition in 2020 Keolis. Rollout of new real-time on-demand transport service for all of 2017 for OHL, Eurostar, Thalys, etc. TER maintenance workshops in Dakar in Sydney and Newcastle, Australia n Arep. Project management for two n Keolis. Rollout of 100% electric self-driving shuttle service at (1) TFMM: rail and multimodal stations and eight stops on Dakar’s La Trobe University in Melbourne freight transport Data at 31 December 2017 light rail system n Systra. Australia: Sydney metro

08 2018 PROFILE 2018 PROFILE 09 KEY FIGURES FOR COMMUTER MOBILITIES COMMUTER MOBILITIES

For our customers and for organizing authorities, we offer integrated public transport solutions that contribute to regional €7.1bn development and adapt to everyone’s mobility needs. in revenue TER and Transilien

Activities Changing environment TER: – Transilien: passenger – International rail transport 1m passengers a day transport in the Paris region opened up to competition in – TER: regional passenger 2010; market opened up for Transilien: transport domestic transport in 2017 3.45m passengers a day – Keolis: operates all modes of – Very favourable environment commuter mobility in France for public transport (heavy and around the world urbanization, congestion and – New mobilities: iDVROOM, more) OuiCar, iDcab, iDAVIS and – Increasingly global more. competition KEY FIGURES FOR KEOLIS – Concentration of population Customers and services in cities, which – Transport organizing leads to deployment of public €5.3bn authorities, TER and Transilien transport systems. in revenue passengers in France, and Keolis passengers in other 3bn passengers annually countries. No. 1 operator of driverless Rail market metro and light rail systems – TER, Transilien: public around the world procurement market – Keolis: open, highly Present in 16 countries competitive market.

Figures at year-end 2017

10 2018 PROFILE 2018 PROFILE 11 KEY FIGURES LONG-DISTANCE MOBILITIES FOR LONG-DISTANCE MOBILITIES SNCF provides passengers with shared and door-to-door mobility solutions that meet their needs in terms of choices, cost, service quality and environmental protection. €8.2bn in revenue

Activities Changing environment OUI.sncf: – High-speed, long-distance – Fierce competition from France’s No. 1 on-line travel trains: other modes, including low- agent • In France: TGV inOUI, OUIgo cost and other air transport • In Europe: rail operators providers, privately owned High-speed rail in France: including Eurostar, Thalys, automobiles (due to low oil 110 million passengers Alleo, and Lyria prices) and ride-sharing. (up 10% over 2016) – Intercités: Medium- and long- distance trains in France OUIBUS: – OUIBUS: Long-distance 4.3 million passengers coaches in France and Europe (up 48% over 2016) – OUI.sncf: On-line travel agent. International travel in 2017: Customers 27.9m passengers, or a total – Business travellers and of 380,000 passengers a day individuals/groups travelling for personal reasons. 8 million downloads of the SNCF app Rail market – Market open to international competition for high-speed trains and long-distance buses – Market set to open for French domestic lines.

Figures at year-end 2017

12 2018 PROFILE 2018 PROFILE 13 KEY FIGURES SNCF LOGISTICS FOR SNCF LOGISTICS

Backed by the diversity of its core businesses, SNCF Logistics offers customized, multimodal solutions that combine business €10.3bn performance with environmental protection and safety, sharpening in revenue the competitive edge of businesses worldwide. 54% of revenue from international markets Activities Customers A multimodal freight transport – Business in all sectors. No. 1 in France, No. 4 in and logistics operator with four Europe and No. 8 worldwide business lines: Rail market for freight transport and – Geodis: road transport, – Open and competitive. logistics supply chain optimization, freight forwarding, contract Changing environment Over 700 Geodis sites around logistics, distribution & – Structurally favourable market the world express deliveries trends, despite unstable – TFMM rail & multimodal economic conditions 120 countries freight transport: – Increasing price pressure due conventional rail freight, to sharper competition 51,500 employees combined transport, and rail- – Rising demand for end-to- centric freight forwarding end solutions and sustainable – Ermewa Group: equipment urban logistics. management (wagon, locomotive, and container rentals), and wagon construction, maintenance and repair.

Figures at year-end 2017

14 2018 PROFILE 2018 PROFILE 15 KEY FIGURES SNCF RÉSEAU FOR SNCF RESEAU

SNCF Réseau manages, maintains and develops the French rail network and markets its services. It ensures line safety €6.5bn in revenue and performance, and provides its clients with transparent, non-discriminatory access to the network and rail service including €3.6bn in services infrastructures. invoiced to SNCF Mobilités Its goal is to maximize infrastructure use by enabling more trains (track access fees) to run on a modernized network—particularly at key rail nodes and along major corridors—and to go beyond assigning train €5.2bn in investments paths to offer a wealth of new, high value-added services. (all funding sources) 30,000 km of network, including 2,600 km of high- Activities speed line, monitored and – Maintain the network and maintained 24/7 ensure operational security – Manage network access for all 20,000 train paths delivered key functions every day – Manage rail traffic – Provide engineering services, 15,000 commercial trains contract coordination, running every day project management and Over 1,000 km of track site logistics, in France and renovated annually internationally. 4,000 km of catenaries Customers checked or replaced annually – 27 rail operators that use the network, and 15 businesses 500 switches renovated that are authorized to book annually train paths for their activities.

Figures at year-end 2017

16 2018PROFIL PROFILE 2016 2018 PROFILE 17 KEY FIGURES SNCF GARES & CONNEXIONS FOR SNCF GARES & CONNEXIONS SNCF Gares & Connexions applies a wide range of skills to maintain and optimize the value of station assets and boost economic growth in regions across France. €1.4bn in revenue

Activities AREP 3,029 stations – Operate, develop and Arep designs and builds transform stations spaces that can meet complex 10 million passengers visit – Create an offer that includes needs in multimodal stations G&C stations in France every services and shops worldwide. These are often day – Manage station traffic and in densely populated urban transport hubs. environments with significant €363m in investments technical and preservation/ Clients and partners heritage challenges. 3,800 employees – Rail companies – Transport organizing With its multidisciplinary authorities, metropolitan team—architects, urban areas, urban transport and planners, designers, engineers, businesses. economists, programme managers, project coordinators Changing environment and more—Arep is constantly – Stations are open to the building new expertise in cities they serve, and to the every area of urban affairs and intersection of every mode of construction. transport. SNCF HUBS & CONNEXIONS SNCF RETAIL A new subsidiary of SNCF & CONNEXIONS Gares & Connexions, SNCF Optimizes revenue from Hubs & Connexions offers all in-station shops, and customer forms of station-operation satisfaction for the 10 million expertise on international Figures at year-end 2017 people who visit stations every markets: Facility Management day. All revenue from in-station and Travel Retail expertise, shops is re-invested in the rail along with urban planning and system in the form of reduced architectural services. track access fees for carriers and increased investment in station development and renovation. This is particularly true in regions where station improvements can boost the local economy.

18 2018 PROFILE 2018 PROFILE 19 KEY FIGURES FOR SNCF IMMOBILIER SNCF IMMOBILIER

As the manager of a major real estate portfolio, SNCF Immobilier is an agent of transformation and value creation for SNCF €1.5bn Group and regions throughout France. It is home to all of in revenue SNCF’s expertise in managing and monetizing real estate, urban development and housing. 12 million sq m and 24,000 commercial and tertiary buildings Activities Customers (not including ICF Habitat) – Manage the Group’s industrial – Commercial partners for the and tertiary properties for entire SNCF Group 20,000 ha of land optimum value – The go-to partner in urban (including ICF Habitat) – Develop and monetize construction for local land and buildings that communities and regional 100,000 housing units, cannot be used by the government, public and of which 90% are social rail system, working with private players in the real housing, 40% are in the Paris SNCF Immobilier’s urban estate market, and tenants. region, and 95% are located development and promotion near transport hubs subsidiary, and its transitional urban planning operations 600 employees (l’Aérosol, Ground Control (plus over 1,700 employees and La Station in Paris) at ICF Habitat) – Operate housing complexes and act as a “social landlord” €366m in property disposals in partnership with ICF handled by SNCF Immobilier Habitat, an SNCF Immobilier for SNCF Group subsidiary with a portfolio of 100,000 housing units, 90% of which are social housing.

Figures at year-end 2017

20 2018 PROFILE 2018 PROFILE 21 KEY FIGURES FOR TOWARDS SUSTAINABLE MOBILITY SUSTAINABLE MOBILITY Rail is extremely eco-friendly, accounting for 10% of passenger +25% and freight transport in France, but only 1% of CO2e emissions. CO2e performance between 2015 and 2025 Rail and other forms of shared using it more effectively through and public transport are part green driving practices and 165,000 indirect jobs in of the solution to climate reduced consumption when France* change. To prevent global trains are not moving. Other temperatures from rising more priorities include optimizing €44.3m in socially responsible than two degrees by 2016 (Paris freight movement schedules purchasing Agreement), we must reduce and making our buildings more greenhouse gas emissions by energy-efficient. 98% of our industrial facilities managing travel and expanding have an ISO 14001-certified shared mobilities. SNCF—useful and open EMS in place (excluding subsidiaries) Low-carbon, door-to-door Our goal is to reduce our solutions environmental impact, cut 228,500 young people have consumption of natural been made aware of rail and On the passenger side, we’re resources, protect biodiversity road risks and the importance developing shared solutions and promote the circular of civility in the rail system to help customers cover the economy. We’ve also set up last few kilometres between environmental management A passenger aboard a the station and home or work, systems. Being a good corporate train creates 25 times less combining trains with light rail, citizen also means managing greenhouse gas than a driver buses, cycling, car-sharing, our employees responsibly and alone in a car ridesharing and P2P car rental to promoting diversity and gender offer a real alternative to driving balance in our workforce. We * Source: Local Footprint study privately owned cars. support inclusiveness through –Utopies Meanwhile, rail motorways offer responsible purchasing and solutions for a massive modal involvement in the communities shift in long-distance freight where we do business. Finally, transport. We’re also developing we apply ethical principles in our Figures at year-end 2017 innovative urban logistics relationships with suppliers. solutions, with a fleet of natural- gas powered trucks to deliver Read the full text of our social goods more sustainably in cities. engagement report at SNCF.com

Carbon footprint

We’ve already come a long way: in 2014 we met a target to eliminate 40% of our 1990-level greenhouse gas emissions. And we won’t stop now. We’re improving our rolling stock,

22 2018 PROFILE 2018 PROFILE 23 NOTES:

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SNCF – Communications & Image Division – 2 place aux Étoiles – 93210 La Plaine-Saint-Denis – France • Design and production: • Photos: CAPA, Ermewa, Geodis photo archive, Keolis photo archive, LD-Keolis-Sverige, SNCF photo archive, SNCF/Yann Audic, SNCF/Lionel Boulanger, SNCF/Christophe Cagnard, Bruno Clergue, SNCF/Alfred Cromback, SNCF/William Daniels, SNCF/Fred De Gasquet, SNCF/Ronan Guillou, SNCF/Maxime Huriez, SNCF/Letizia Lefur, SNCF/Alex Profit, SNCF/Christophe Recoura, SNCF/CAPA/Marie Genel, SNCF Réseau/CAPA Pictures/Y.Manac’h, SNCF Réseau/CAPA Pictures/Arnaud Dauphin, GettyImages/Bertrand Jacquet, Claire‑Lise Havet, David McLain, Matthieu Raffard, Didier Boy, Élodie Grégoire, Jérôme Léglise, Chapelle International – Espace Ferroviaire – Toolz, Fabrice Singevin, Georges Saillard, Venissieux - GSE-Unanime • English text: Clementi/Durban • Printed: August 2018.

SNCF CAMPUS ÉTOILES Communications & Image Division 2 place aux Étoiles 93210 La Plaine-Saint-Denis France

Ce fichier est un document d’exécution créé sur RÉSERVE BLANCHE Illustrator version CS3.