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2018 Registration Document (PDF HIGHLIGHTS 2018 2018 financial performance > Strong 2018 organic growth mainly driven by digital & new contracts with an acceleration in H2 > Margins affected by the cancellation of the Paris "City Information Panels", Programmatic & Data initiatives and ramp-up of new contracts > Capex program focused on strengthening our positions in major cities and airports around the world and on the digital transformation of our medium > Integration of APN Outdoor from October 31st, 2018 > Solid cash flow and balance sheet allowing us to pursue further external growth opportunities 2018 REGISTRATION DOCUMENT > Net income Group share, IFRS up +13.5%, mainly due to reduction in income tax and financial interests > Dividend per share for 2018 proposed at €0.58, up +3.6% Investments for future growth > Pursue the digitisation in our 3 business segments premium locations > Continue our investments in Programmatic & Data > Automated trading platform roll-out > Further consolidation opportunities GROUP PROFILE JCDecaux is the number one outdoor advertising company worldwide, with a total of 1.1 million advertising panels in more than 80 countries. The company’s revenue were €3,619 million in 2018. www.jcdecaux.com JCDecaux operates 3 different business segments detailed below: N°1 N°1 N°1 IN WORLDWIDE WORLDWIDE EUROPE STREET FURNITURE TRANSPORT BILLBOARD KEY FIGURES • JCDecaux is listed on the Eurolist of Euronext Paris • N°1 in outdoor advertising in Asia-Pacific 2018 and is part of the Euronext 100 (239,300 advertising panels) and Euronext Family Business indexes • N°1 in outdoor advertising in Latin America REGISTRATION DOCUMENT • JCDecaux is part of the FTSE4Good index (72,620 advertising panels) • N°1 worldwide in street furniture • N°1 in outdoor advertising in Africa (526,350 advertising panels) (24,170 advertising panels) Annual fi nancial report • N°1 worldwide in transport advertising with more than • N°1 in outdoor advertising in the Middle East 211 airports and 275 contracts in metros, buses, trains (16,650 advertising panels) and tramways (365,950 advertising panels) • Leader in self-service bike rental scheme: pioneer • N°1 in Europe for billboards in eco-friendly mobility (137,020 advertising panels) • 1,058,830 advertising panels in more than 80 countries • N°1 in outdoor advertising in Europe • Present in 4,031 cities with more than 10,000 inhabitants (646,270 advertising panels) • 13,030 employees This document is interactive Click here to read the manual This document is accessible for visually impaired people Click here to read the manual HIGHLIGHTS 2018 2018 fi nancial performance > Strong 2018 organic growth mainly driven by digital & new contracts with an acceleration in H2 >Margins affected by the cancellation of the Paris "City Information Panels", Programmatic & Data initiatives and ramp-up of new contracts >Capex program focused on strengthening our positions in major cities and airports around the world and on the digital transformation of our medium > Integration of APN Outdoor from October 31st, 2018 > Solid cash fl ow and balance sheet allowing us to pursue further external growth opportunities 2018 REGISTRATION DOCUMENT > Net income Group share, IFRS up +13.5%, mainly due to reduction in income tax and fi nancial interests > Dividend per share for 2018 proposed at €0.58, up +3.6% Investments for future growth > Pursue the digitisation in our 3 business segments premium locations > Continue our investments in Programmatic & Data > Automated trading platform roll-out > Further consolidation opportunities GROUP PROFILE JCDecaux is the number one outdoor advertising company worldwide, with a total of 1.1 million advertising panels in more than 80 countries. The company’s revenue were €3,619 million in 2018. www.jcdecaux.com JCDecaux operates 3 different business segments detailed below: N°1 N°1 N°1 IN WORLDWIDE WORLDWIDE EUROPE STREET FURNITURE TRANSPORT BILLBOARD KEY FIGURES • JCDecaux is listed on the Eurolist of Euronext Paris • N°1 in outdoor advertising in Asia-Pacifi c 2018 and is part of the Euronext 100 (239,300 advertising panels) and Euronext Family Business indexes • N°1 in outdoor advertising in Latin America REGISTRATION DOCUMENT • JCDecaux is part of the FTSE4Good index (72,620 advertising panels) • N°1 worldwide in street furniture • N°1 in outdoor advertising in Africa (526,350 advertising panels) (24,170 advertising panels) Annual financial report • N°1 worldwide in transport advertising with more than • N°1 in outdoor advertising in the Middle East 211 airports and 275 contracts in metros, buses, trains (16,650 advertising panels) and tramways (365,950 advertising panels) • Leader in self-service bike rental scheme: pioneer • N°1 in Europe for billboards in eco-friendly mobility (137,020 advertising panels) • 1,058,830 advertising panels in more than 80 countries • N°1 in outdoor advertising in Europe • Present in 4,031 cities with more than 10,000 inhabitants (646,270 advertising panels) • 13,030 employees 2018 KEY FIGURES ADJUSTED REVENUE MWH OF ENERGY CONSUMPTION ADJUSTED EBIT BEFORE IMPAIRMENT CHARGES NET INCOME GROUP SHARE BY REGION BY REGION BY BUSINESS BEFORE IMPAIRMENT CHARGES 8.0% 5.6% 6.5% 223.5 10.2% 217.7 26.5% 29.4% 351.4 358.1 339.8 EUROPE* 204.3 ASIA PACIFIC 12.3% FRANCE 12.1% UNITED KINGDOM 193.2 55.0% 217.4 60.7% 195.0 57.4% REST OF THE WORLD NORTH AMERICA 27.2% 26.5% 16.7% 19.0% 130.5 37.1% 119.3 33.3% 141.2 41.6% * Excluding France and the United Kingdom Group adjusted revenue Group energy consumption 27.7 7.9% 21.4 6.0% 3.6 1.0% €3,618.5m 808,060MWh 2016 2017 2018 2016 2017 2018 STREET FURNITURE TRANSPORT BILLBOARD Adjusted EBIT(1) before net impairment charges(2) decreased Net income Group share before net impairment charges(1) ADJUSTED REVENUE ADJUSTED OPERATING MARGIN by -5.1% to €339.8 million in 2018 from €358.1 million in increased by +6.6% to €217.7 million in 2018, compared to BY BUSINESS BY BUSINESS 2017. It accounts for 9.4% of adjusted consolidated revenue €204.3 million in 2017. (2017: 10.3%). (1) The net reversal on impairment resulting from the impairment test conducted 3,392.8 3,492.6 3,618.5 646.5 653.5 655.1 (1) EBIT = Earnings Before Interests and Taxes: Operating Margin less Depreciation, for goodwill and tangible and intangible assets amounts to +€2.2 million in 2018, amortisation and provisions (net) less Impairment of goodwill less Maintenance compared to a net impairment charge of €(10.6) million in 2017 and a reversal of spare parts less Other operating income and expenses. +€1.2 million in 2016. (2) The net reversal on impairment resulting from the impairment test conducted for goodwill and tangible and intangible assets amount to +€7.6 million in 2018, compared to a net impairement charge of €(12.3) million in 2017 and a reversal 1,523.7 44.9% 1,586.7 45.4% 1,587.6 43.9% 405.4 62.7% 420.2 64.3% 385.0 58.8% of +€1.7 million in 2016. 1,373.7 40.5% 1,399.2 40.1% 1,517.0 41.9% 182.0 28.2% 177.7 27.2% 209.7 32.0% ADJUSTED FREE EMPLOYEE BREAKDOWN CASH-FLOW BY REGION 495.4 14.6% 506.7 14.5% 513.9 14.2% 59.1 9.1% 55.6 8.5% 60.4 9.2% 263.7 13,027 13,038 13,034 2016* 2017 2018 2016 2017 2018 3,609 3,421 3,430 STREET FURNITURE TRANSPORT BILLBOARD * Year 2016 has not been restated for the IFRS 15 impact, which came into effect on January 1st, 2018. 2,047 2,052 2,386 150.4 142.9 In 2018, the Group’s adjusted revenue increased by +3.6% Group’ adjusted operating margin(1) increased by +0.2% to 3,533 3,542 3,291 to €3,618.5 million. Excluding acquisitions and the impact of €655.1 million in 2018 from €653.5 million in 2017. It accounts foreign exchange, adjusted organic revenue growth was +5.2%. for 18.1% of adjusted consolidated revenue. 722 697 687 Street Furniture adjusted revenue (1) Operating Margin: Revenue less Direct Operating Expenses (excluding Maintenance spare were €1,587.6 million, an parts) less SG&A expenses. increase of +0.1%. Excluding acquisitions and the impact of 2,804 2,897 2,820 foreign exchange, the increase was +2.7%. 312 429 420 Transport adjusted revenue were €1,517.0 million, an increase Adjusted data 2016 2017 2018 2016 2017 2018 of +8.4%. Excluding acquisitions and the impact of foreign exchange, the increase was +10.2%. Following the adoption of IFRS 11 from January 1st, 2014, the operating data presented is adjusted to include our prorata share In 2018, adjusted free cash-fl ow(1) was €150.4 million EUROPE UNITED KINGDOM Billboard adjusted revenue were €513.9 million, an increase in companies under joint control, and therefore is comparable compared to €142.9 million in 2017. with historical data. ASIA PACIFIC REST OF THE WORLD of +1.4%. Excluding acquisitions and the impact of foreign (1) Free cash fl ow: Net cash fl ow from operating activities less capital investments FRANCE NORTH AMERICA exchange, the decrease was -0.9%. Please refer to the note 3 “Segment reporting” of the Notes to the (property, plant and equipment and intangible assets) net of disposals. consolidated fi nancial statements of this registration document for the defi nition of adjusted data and reconciliation with IFRS. 2018 KEY FIGURES ADJUSTED REVENUE MWH OF ENERGY CONSUMPTION ADJUSTED EBIT BEFORE IMPAIRMENT CHARGES NET INCOME GROUP SHARE BY REGION BY REGION BY BUSINESS BEFORE IMPAIRMENT CHARGES 8.0% 5.6% 6.5% 223.5 10.2% 217.7 26.5% 29.4% 351.4 358.1 339.8 EUROPE* 204.3 ASIA PACIFIC 12.3% FRANCE 12.1% UNITED KINGDOM 193.2 55.0% 217.4 60.7% 195.0 57.4% REST OF THE WORLD NORTH AMERICA 27.2% 26.5% 16.7% 19.0% 130.5 37.1% 119.3 33.3% 141.2 41.6% * Excluding France and the United Kingdom Group adjusted revenue Group energy consumption 27.7 7.9% 21.4 6.0% 3.6 1.0% €3,618.5m 808,060MWh 2016 2017 2018 2016 2017 2018 STREET FURNITURE TRANSPORT BILLBOARD Adjusted EBIT(1) before net impairment charges(2) decreased Net income Group share before net impairment charges(1) ADJUSTED REVENUE ADJUSTED OPERATING MARGIN by -5.1% to €339.8 million in 2018 from €358.1 million in increased by +6.6% to €217.7 million in 2018, compared to BY BUSINESS BY BUSINESS 2017.
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