2015 Registration Document 1
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2015 REGISTRATION DOCUMENT 1 2015 REGISTRATION DOCUMENT 2 04 01. GL EVENTS 05 Corporate profile 06 Annual highlights 08 Key figures and shareholder information 12 History and milestones 14 02. BUSINESSES AND MARKETS 15 Markets and strategy 16 GL events Live 18 GL events Exhibitions 20 GL events Venues 22 Outlook 23 03. CORPORATE SOCIAL RESPONSIBILITY 60 04. MANAGEMENT DISCUSSION AND ANALYSIS & CORPORATE GOVERNANCE 61 Presentation of the consolidated financial statements 71 Presentation of the parent company financial statements 76 Supplemental reports of the Board of Directors 85 Corporate governance 88 Compensation and benefits for executive officers 90 Compensation and benefits for other officers 91 Employee profit sharing plans 91 Addresses and appointments held by GL events executive management 94 Status of corporate officers 95 Chairman's report on the preparation and organisation of the work of the Board of Directors and the internal control and risk management procedures 101 Auditors’ report prepared in accordance with article L.225-235 of the French commercial code on the report of the Chairman of the Board of Directors 102 05. FINANCIAL STATEMENTS 103 Consolidated financial statements 135 Auditors' fees 136 Auditors' report on the consolidated financial statements 137 Parent company financial statements 151 Auditors' report on the parent company financial statements 153 Auditors' special report on regulated agreements and commitments 157 06. SHAREHOLDER INFORMATION 158 Statutory information on GL events 160 Information on the share capital 168 07. ADDITIONAL INFORMATION 169 Draft resolutions submitted to the combined general meeting of 29 April 2016 184 Annual filings and disclosures 184 Officer responsible for the registration document 184 Responsibility statement 185 Auditors 185 Information incorporated by reference 186 Table of cross-references (Art. R225-105-1 of the French commercial code) 188 Table of cross-references (EC Regulation 809/2004-Appendix I) 2015 REGISTRATION DOCUMENT 3 01 GL EVENTS, IN 2015 05 Corporate profile 06 Annual highlights 08 Key figures & Shareholder information 12 History and milestones 2015 REGISTRATION DOCUMENT 4 01 CORPORATE PROFILE GL events is a world-class provider of integrated implemented by building alliances with top-tier solutions and services for events operating across local partners or acquiring structures with strong the three main market segments: positions in their market; - conventions, conferences, congresses - participation in large global events: Olympic - cultural, sports and political events; Games, World Cups, international meetings… for - trade shows and consumer fairs. which GL events has established a track record of success as an industry benchmark based on the Intervening on behalf of a large range of institutional quality of its services; and private companies in France and worldwide, the - its capacity to manage multi-national teams and Group's mission is assisting companies, institutions, projects. event organisers at every stage of their project from the definition of their event strategies to final implementation in the field. Working alongside public authorities, it contributes to policies promoting the CONTINUING GROWTH attractiveness of territories and economic development through an energetic and ambitious MOMENTUM approach to managing the venues under its charge and the events organised. Since its creation, GL events has developed in a coherent and selective manner by leveraging its key Present on five continents with operations in more strengths: than 20 countries, in 2015 GL events had - an integrated business model with synergies across 4,252 employees and revenue of 942.4 million. the Group's three major businesses in order to GL events is listed on Euronext Paris, Segment B optimise performances and enhance (Mid Caps). complementarities throughout the world; - a solid base in its domestic market that has expanded from France to Europe, building on the strengths of mature markets; THREE MAJOR BUSINESS DIVISIONS - pursuing opportunities in emerging markets with strong growth potential; - highly effective logistics capabilities that today GL events Live's expertise covers the complete cover the entire event production cycle from range of business specialisations and services for sourcing, manufacturing to assembly, making it corporate, institutional and sports events from possible to produce and deliver equipment within consulting and design to producing the event. very tight deadlines; - a focus on innovation in all its spheres of GL events Exhibitions manages and coordinates intervention: creation of equipment integrating the Group's portfolio of more than 300 proprietary sustainable development requirements, trade fairs covering a wide range of sectors: food implementing the digital transformation in all areas industry, culture, textiles, manufacturing… of the company (services, offerings, etc.), monitoring developments to identify future trends, GL events Venues manages a network of collaborating with creators, designers, architects, 40 venues (convention and exhibition centres, etc. concert halls and multi-purpose facilities) in France and international destinations. COMPELLING ASSETS GL events has significant assets that bolster its A GLOBAL PLAYER IN THE WORLD image as a market leader, provide differentiation in the worldwide event landscape and reinforce the OF EVENTS confidence of its stakeholders: - a strong brand name reflecting values of exemplary Since the early 2000s, GL events has established a execution, consistency in meeting commitments position as a top-tier global provider of solutions and and high quality services; services for events, supported by solid pillars: - cutting-edge know-how covering every facet of - a strategy of selective and sustainable local bases event organisation; of operations to capture international growth, today - trade show brands with strong name recognition. reflected by more than 90 offices spanning five continents – branches, sales offices or venues managed under concession agreements – 2015 REGISTRATION DOCUMENT 5 ² 01 ANNUAL HIGHLIGHTS JANUARY 2015 markets. Olivier Ginon, appointed Vice Chairman for the sector, will be able to take advantage of the Euro 2016 to showcase French expertise. LYON: SIRHA CONFIRMS ITS LEADERSHIP 3,045 exhibitors and brands (including 486 from other RIO DE JANEIRO: INAUGURATION OF THE GRAND countries), 190,000 professionals and 19,715 chefs, HÔTEL MERCURE 725 innovations presented, including more than GL events was the prime contractor for the Grand Hôtel 367 world premieres. The figures for Sirha 2015 also Mercure project carried out in partnership with Accor. confirm the trade fair's leadership which this year Exceptionally situated between a lake, mountains and introduced its first version for the general public: BIG! the sea, this five-star establishment has 306 rooms. (French Biennale Internationale du Goût ), the international taste biennial.. Not to forget the second edition of the World Cuisine Summit bringing together MAY 2015 food service professionals from around the world to reflect on food-industry sustainability for the future. TRAVEL AND GASTRONOMY FOR THE MILAN 2015 UNIVERSAL EXHIBITION FEBRUARY 2015 Milano 2015, the universal exhibition this year devoted to "Feeding the Planet, Energy for Life" received millions of visitors. GL events contributed to PREMIÈRE VISION PLURIEL BECOMES PREMIÈRE this event through several major interventions: catering VISION PARIS and shop management services for the French Pavilion To address the expectations of a demanding public, (commissioned by FranceAgriMer), designing and Première Vision Pluriel rolled out an integrated offering producing the Morocco Pavilion and the Gabon Pavilion. with the creation of Première Vision Paris, six complementary trade fairs, staged at a single location. And to further emphasise their shared brand identity, JUNE 2015 the entrance of each hall is identified with the Première Vision name followed by their specialised area: Yarns, THE WORLD GAS CONFERENCE RETURNS TO Fabrics, Leather, Design, Accessories, Manufacturing. PARIS The 2015 World Gas Conference, last hosted in the city A PARKING FACILITY FOR SÃO PAULO EXPO FOR of lights in 1937 returned to Paris in 2015, and was 4,500 VEHICLES attended by 1,000 industry professionals. A major Work on the extension and the renovation of the São event to which a number of GL events entities Paulo Expo site began in 2015 and will last for a period contributed, selected for their considerable experience of 16 months, with delivery scheduled in the 2016 first in managing large international meetings. half. One of the major projects of this programme is the construction of a 7-level 4,532 place parking BAKU HOSTS THE FIRST EUROPEAN GAMES facility. 6,000 athletes representing 50 nationalities came together in the capital of Azerbaijan for the first edition GL EVENTS UK, OFFICIAL PARTNER OF THE FIA of the European games. As general contractor for the FORMULE E CHAMPIONSHIP media and athletes village, GL events coordinated work Launched by the Fédération Internationale de of the different parties intervening in the project. l'Automobile (FIA, International Automobile A technical feat involving the installation of 4,400 Federation), the Formula E Championship, is a pioneer sq. m. of structure on sloping terrain with differences in for this high-performance racing sport for single-seater heights ranging from 0.90m to 2.20m. electric-energy