Bolloré Registration Document 2017 Registration Document 2017 Registration Bolloré

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Bolloré Registration Document 2017 Registration Document 2017 Registration Bolloré Bolloré Registration document 2017 Registration document 2017 Registration Bolloré REGISTRATION DOCUMENT 2017 1 Board of Directors As at March 22, 2018 Vincent Bolloré Chairman and Chief Executive Officer Cyrille Bolloré Deputy Chief Executive Officer, Vice-Chairman and Managing Director Yannick Bolloré Vice-Chairman Cédric de Bailliencourt Vice-Chairman Gilles Alix Representative of Bolloré Participations, Chief Executive Officer of the Bolloré Group Nicolas Alteirac Director representing the employees Elsa Berst Director representing the employees Chantal Bolloré Marie Bolloré Sébastien Bolloré Valérie Coscas Marie-Annick Darmaillac Representative of Financière V Hubert Fabri Janine Goalabré Representative of Omnium Bolloré Dominique Hériard-Dubreuil Céline Merle-Béral Alexandre Picciotto Olivier Roussel Martine Studer François Thomazeau Financial information Emmanuel Fossorier Financial Communications Director Tel.: +33 (0)1 46 96 47 85 Fax: +33 (0)1 46 96 42 38 Xavier Le Roy Investor Relations Director Tel.: +33 (0)1 46 96 47 85 Fax: +33 (0)1 46 96 42 38 BOLLORÉ 02 — Group profile 04 — Message from the Chairman 06 — Key figures 08 — Economic organizational chart 09 — Stock exchange data 10 — Our locations 12 — Transportation and logistics 20 — Communications 28 — Electricity storage and solutions 36 — Other assets 40 — Corporate social responsibility 45 — Annual financial report REGISTRATION DOCUMENT 2017 01 Profile Over 81,000 Founded in 1822, the Bolloré Group employees is among the 500 largest companies in 130 countries in the world. Publicly traded, it is still 18.3 billion majority controlled by the Bolloré family. euros The stability of its shareholder base of turnover in 2017 enables it to follow a long-term investment policy. Due to its diversification strategy 2,081 million euros based on innovation and international of net income development, the Group currently holds strong positions in its three lines of 32 billion euros business: transportation and logistics, of shareholders’ communications, and electricity equity storage solutions. 02 BOLLORÉ Transportation Communications Electricity storage and logistics and solutions Bolloré Transport & Logistics Bolloré Group’s Communications Building on its position as is one of the world’s leading division mainly consists of its a global leader in films for transportation groups with more stake in Vivendi with: Universal capacitors, the Bolloré Group than 36,000 employees spread Music Group, a global leader made electricity storage a major among 106 countries throughout in the music industry, Canal+ priority for development. It has Europe, Asia, the Americas group, the top pay TV channel in developed a unique technology and Africa where it carries out France, Havas, one of the world’s in the form of Lithium Metal its business activities in ports, leading advertising and Polymer (LMP®) batteries, freight forwarding and railroads. communications consultancy produced by its Blue Solutions It is also a major player in oil groups, and Gameloft, the subsidiary. Using this technology, logistics in France and in Europe. — leading mobile video game the Group has diversified into operator. It also owns the French mobile applications (car-sharing free daily newspaper CNews and systems and electric cars, buses is also active in telecoms. — and trams) and battery-driven stationary applications, as well as systems for managing these applications (IER, Polyconseil). — Other assets Alongside its three core businesses, the Bolloré Group manages a portfolio of financial investments accounting for over 7.4 billion euros invested at the end of 2017, including the Bolloré portfolio (Mediobanca, Socfin group, etc.), worth 1.1 billion euros, and the Vivendi portfolio (Telecom Italia, Ubisoft, Mediaset, Telefónica, Fnac Darty), worth 6.4 billion euros. — REGISTRATION DOCUMENT 2017 03 Vincent Bolloré 2017 was marked by a recovery in the growth of and logistics businesses remained stable, buoyed the transportation and logistics businesses in the by the strong performance of terminals and logis- From the Chairman From second half, which accelerated in the fourth quar- tics in Africa. ter. Against this backdrop, turnover for the fiscal Bolloré Transport & Logistics also continued to year was up 6% at constant scope and exchange expand and invest in 2017, with in particular the rates, to stand at 18.3 billion euros (Vivendi was signing of a joint venture in Saudi Arabia and the fully consolidated from April 26, 2017). This was acquisition of Global Solutions A/S in Denmark, due to 8% growth in the transportation and logis- with Bolloré Logistics becoming a majority share- tics business, driven by increased volumes and holder. In July 2017, Bolloré Ports signed a conces- freight rates and by the strong performance of the sion contract for the new Kribi container terminal port terminals, logistics in Africa, as well as by an in Cameroon for a period of twenty-five years and, 11% increase in the oil logistics business, follow- in October 2017, opened the new multipurpose ing the increase in oil product prices. It also Owendo terminal in Gabon, developed and oper- includes the 4% growth in the communications ated under a partnership between the Bolloré businesses, attributable to Vivendi (+5%), and a Group and Olam. In addition, the takeover of some slight rise in the electricity storage business (+2%). of Necotrans’ assets in August 2017 strengthened The Group’s operating income stood at 1.1 billion our positions in certain African countries. Lastly, euros, up 79% on 2016 (including 720 million euros Bolloré Energy continued its capital expenditure in Vivendi operating income, boosted by strong to upgrade the DRPC site, which will enable it to performance from Universal Music Group (UMG) consolidate its distribution operations and build and Canal+ group). strategic inventories. Bolloré Transport & Logistics, which groups The results achieved by the Group’s communica- together the Group’s transport and logistics busi- tions businesses reflect Vivendi’s consolidation as nesses in the port, rail, freight forwarding and oil of April 26, 2017. Turnover from these activities logistics segments, is one of the five largest logistics now stands at 10 billion euros and operating operators in Europe and one of the top ten operators income at 790 million euros, including 720 million worldwide. It is also the largest transport group in euros from Vivendi (fully consolidated over eight Africa, where it operates 17 port concessions. months, including the Havas second half). Since In 2017, Bolloré Transport & Logistics achieved a 2014, Vivendi has been working on building a turnover of 7.9 billion euros, up 6.7% due to the European content, media and communications strong performance of port terminals and logistics group with a global reach. This clear and ambitious in Africa, as well as freight forwarding. Operating strategy, devised three years ago, has been success- income was down slightly on 2016, at 527 million fully implemented. In terms of content creation, euros, due to the impact of the drop in income Vivendi has powerful and complementary assets from oil logistics, while income from transportation in the music industry (UMG), mobile video games 04 BOLLORÉ (Gameloft) and movies and box sets (Canal+ benefits of LMP® technology, Blue Solutions needs group). In distribution, where Vivendi has repos- more time to develop its competitive advantages itioned Dailymotion as its new digital showcase, it and address the parallel development of lithi- has also forged closer links with several telecoms um-ion competitors. In this context, while remain- operators and platforms to enable it to expand its ing confident in the outlook for its technology but distribution network as widely as possible. In 2017, wishing to maintain a reasonable growth rate and a third building block was added to this structure: continue investing for the long term, in July 2017, communications with Havas, which has unique the Group offered Blue Solutions shareholders creative expertise in monetizing free content and looking to exit, an initial opportunity to sell their in short formats, increasingly used on mobile shares at 17 euros per share. Shareholders who devices. On July 3, 2017, Vivendi acquired Bolloré decided to support Blue Solutions in its future cap- Group’s 59.2% stake in Havas (consolidated from ital expenditure plans have an exit guarantee that date in Vivendi’s financial statements), then under the same terms and conditions following the bought out the non-controlling interests and now publication of the 2019 financial statements. At the wholly owns the sixth largest communications conclusion of the simplified tender offer at group in the world. 2017 was a year of growth for 17 euros, the Group acquired 7.6% of the share cap- Vivendi. Turnover was up 4.9% in organic terms ital and, together with Bolloré Participations, held and adjusted operating income was up 23% as a 95.6% of Blue Solutions’ share capital at the end of result of income growth at UMG (+21%) and the February 2018. recovery at Canal+ group (+31%). In 2018, the transportation and logistics businesses In 2017, the Group’s Electricity storage and solu- are likely to continue to benefit from the recovery tions division recorded a slight upturn in its turn- in international trade which commenced in the sec- over (+2% in organic terms) compared with 2016, ond half of 2017, against a backdrop of more stable driven by strong growth in its specialist terminal freight
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