Registration Document 2015

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Registration Document 2015 REGISTRATION DOCUMENT 2015 Smart city e-fficient buildings Energies Industry services WorldReginfo - 361e8069-e1a3-48de-a7a0-7b368ee99bbd TABLE OF CONTENTS (1) 1. PERSONS RESPONSIBLE 15.1. Compensation and benefits paid to Directors and executives 116 FOR THE REGISTRATION DOCUMENT ......................3 15.2. Amount of the provisions made or recorded 1.1. Person responsible for the Registration Document .................... 4 by the Company or by its subsidiaries for the payment 1.2. Statement of the person responsible for the Registration of pensions, retirement plans or other benefits .......................121 Document ..................................................................................... 4 16. OPERATIONS OF THE ADMINISTRATIVE AND 2. AUDITORS ......................................................................5 MANAGEMENT BODIES ...........................................123 2.1. Statutory Auditors ........................................................................6 16.1. Terms of the members of the Company’s administrative 2.2. Substitute Statutory Auditors....................................................... 6 and management bodies .........................................................124 16.2. Information regarding employment contracts relating 3. SELECTED FINANCIAL INFORMATION ......................7 members of the Board of Directors to the Company 4. RISK FACTORS ............................................................11 or to one of its subsidiaries ......................................................124 4.1. Risks relating to the Group’s industries..................................... 13 16.3. The Board of Directors Committees ........................................124 4.2. Risks relating to the Group’s activities ...................................... 16 16.4. Statement related to the corporate governance 4.3. Risks relating to the Company ................................................... 22 of the Company........................................................................ 126 4.4. Market risks ................................................................................25 16.5. Internal control .........................................................................126 4.5. Legal risks ..................................................................................28 17. EMPLOYEES ..............................................................127 4.6. Insurance and risk management ............................................... 30 17.1. Presentation .............................................................................128 5. INFORMATION ABOUT THE GROUP ........................33 17.2. Equity interests and stock options held by members of the Board of Directors and management ............................133 5.1. History and development ...........................................................34 17.3. Profit-sharing agreements and incentive schemes .................134 5.2. Acquisitions and investments ....................................................35 17.4. Employee shareholding ...........................................................135 6. OVERVIEW OF GROUP ACTIVITIES ..........................37 17.5. Post-employment benefits ....................................................... 136 6.1. General presentation .................................................................. 38 18. PRINCIPAL SHAREHOLDERS..................................137 6.2. Strengths and competitive advantages of the Group ............... 39 18.1. Shareholders ............................................................................138 6.3. Strategy ......................................................................................44 18.2. Declaration concerning control of the Company .................... 140 6.4. Market overview and competitive position ................................46 18.3. Agreements that could result in a change of control .............. 143 6.5. Description of the Group’s principal activities ........................... 50 18.4. Clayton, Dubilier and Rice undertakings towards 6.6. Dependence factors ................................................................... 59 the French Government ...........................................................143 6.7. Legislative and regulatory environment .....................................59 18.5. Items that may impact a public offering ..................................143 7. ORGANISATIONAL CHART ........................................63 19. RELATED-PARTY TRANSACTIONS ........................145 7.1. Legal organisation chart of the Group .......................................64 19.1. Principal related-party transactions .........................................146 7.2. Subsidiaries and equity interests ...............................................65 19.2. Special reports of the Auditors on related-party 8. PROPERTY, PLANT AND EQUIPMENT.....................67 agreements for fiscal year 2015 .............................................. 147 8.1. Significant existing or planned tangible assets ......................... 68 20. FINANCIAL INFORMATION 8.2. Environmental factors that could influence the use ON THE HOLDINGS, FINANCIAL POSITION of the Group’s property, plant and equipment ..........................69 AND RESULTS OF THE GROUP ..............................153 9. REVIEW OF THE GROUP’S FINANCIAL 20.1. Group consolidated financial statements ................................ 155 POSITION AND RESULTS ..........................................71 20.2. Company’s statutory statements ............................................ 231 9.1. General presentation .................................................................. 72 20.3. Auditors’ fees ...........................................................................262 9.2. Analysis of income for financial years ended 20.4. Dates of the most recent financial information ........................ 262 December 31, 2015 and December 31, 2014 ........................... 78 20.5. Dividend distribution policy...................................................... 263 20.6. Legal proceedings and arbitration ...........................................263 10. LIQUIDITY AND SHARE CAPITAL .............................83 20.7. Significant change in the financial or commercial position .....266 10.1. Overview ..................................................................................... 84 10.2. Financial resources and financial liabilities ................................84 21. ADDITIONAL INFORMATION ...................................267 10.3. Presentation and analysis of the main categories of use 21.1. Share capital ............................................................................268 of the Group’s cash ................................................................... 89 21.2. Memorandum and Articles of Association .............................. 274 10.4. Consolidated cash flow ............................................................. 90 22. MAJOR CONTRACTS ...............................................281 10.5. Goodwill .....................................................................................94 10.6. Contractual obligations and off-balance sheet commitments ..94 23. INFORMATION FROM THIRD PARTIES, EXPERT DECLARATIONS AND 11. RESEARCH AND DEVELOPMENT, PATENTS DECLARATIONS OF INTERESTS ............................283 AND LICENCES ...........................................................95 24. DOCUMENTS ACCESSIBLE TO THE PUBLIC .......285 12. TRENDS AND OUTLOOK ...........................................97 12.1. Trends ........................................................................................98 25. INFORMATION ON EQUITY INTERESTS ................287 12.2. Medium term outlook .................................................................98 ANNEXES ............................................................................289 13. PROFIT FORECASTS ................................................101 Report from the Chairman of the Board of Directors on 13.1. Objectives of the Group for the financial year ended corporate governance and on internal control and risk December 31, 2016.................................................................. 102 management procedures implemented by the Group and report from the Statutory Auditors established pursuant to 14. ADMINISTRATIVE, MANAGEMENT Article L. 225-235 of the commercial code, on the report from AND SUPERVISORY BODIES, the Chairman of the Board of Directors of the Company ................. 289 GENERAL MANAGEMENT .......................................103 Report on the Company’s Corporate, Social 14.1. Composition and functioning of the Company’s and Environmental Responsibility (CSR) and verification report management and supervisory bodies ..................................... 104 of the independent third party on this report .................................... 309 14.2. Declarations concerning the administrative bodies ................ 114 Documents to be attached to the Management Report and/or 14.3. Conflicts of interest ..................................................................114 to be submitted to shareholders ....................................................... 327 15. COMPENSATION AND BENEFITS ...........................115 CONCORDANCE TABLES .................................................331 (1) The structure of this Registration Document follows the order of the schedule referred to in Annex I of European Regulation (EC) No. 809/2004 implementing
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