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Financial Report 2020 Transdev, the Resilience of a Global Group in the Face of the Pandemic

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Financial Report 2020 Transdev, the Resilience of a Global Group in the Face of the Pandemic Financial report 2020 Transdev, the resilience of a global group in the face of the pandemic fter a good start to the year 2020 in line with the previous year, the Group's activity and results were strongly impacted, from March onwards, by the worldwide spread of the A COVID-19 pandemic. The year 2020 was a difficult period for all of us, a period that required exceptional measures. In the face of this unprecedented global health crisis, we all approached the situation together with calm, individual and collective responsibility, and continued to support public transportation autho- rities and businesses that entrusted us with the daily management of mobility in their territories, while ensuring the day-to-day safety of our employees and passengers. This global crisis - which is not over - has had a very strong human, operational and financial impact on the Group's business in all the countries where it operates. In this situation, we must collectively adapt our contracts to the new realities and expectations of our customers and passengers, continue to improve our performance, maintain strong financial discipline and, of course, strengthen our competitiveness. For the Group to continue its transformation, we must continue to demonstrate our resilience and our ability to adapt. As a number of calls for tenders kept running, we were able to record many commercial successes in 2020, particularly in the Paris region, Sweden (Stockholm, start of the Göteborg contract), Ger- many, the United States (San Diego, Phoenix, Nassau), the Netherlands, Australia, Portugal, etc. Throughout the year, despite the pandemic, we adapted to sanitary constraints and continued to fulfill our public service mission, accompanying our passengers and customers around the world on a daily basis. To protect our future, we have rapidly launched - in all our geographies – programs to adapt our organizations and refocus our priorities to ensure Transdev's recovery from the crisis. The transportation sector will continue to play a key role tomorrow to ensure better territorial and social cohesion, contribute to economic recovery for everyone and everywhere, and support the energy transition with clean and shared mobility solutions. The quality and commitment of our teams is paramount. I firmly believe that we will be even more effective by being more diversified and more inclusive, just like our clients and the communities we serve. Last September in Saint-Etienne, France, we launched the Academy by Transdev, our own Appren- ticeship Training Center (ATS), which is currently being rolled out across the country. With this ATS, which offers training in mobility professions integrating pre-qualification and certification systems, Transdev is committed to the inclusion of those who are furthest away from employment, particu- larly our young people. The objective is to train yearly 500 apprentices by 2023. In these difficult times, the cohesion around the Group's purpose to “empower freedom to move every day with confidence, thanks to reliable and innovative solutions that serve the common good” and our strategic trajectory will enable Transdev to emerge stronger from this crisis to pursue its new growth plan. Our 85,000 employees around the world reflect the world in which we operate. We are women and men serving people and regions, and mobility is what we do. Thierry Mallet, Chairman and Chief Executive Officer of Transdev Group Contents Management report Board of directors’ management report on the 2020 consolidated and statutory financial statement .......................................page 2 Consolidated financial statements Consolidated financial statements as of December 31, 2020.........page 58 Statutory auditors’ report .............................................page 109 Statutory financial statements Statutory financial statements as of December 31, 2020 .............page 112 Statutory auditors’ report .............................................page 129 Management report Transdev Group S.A. Board of directors’ management report on the 2020 consolidated and statutory financial statements to the ordinary general meeting Contents Focus on COVID-19 pandemic on Transdev operations . .4 Management report on the consolidated financial statements . .6 Key figures – consolidated financial statements . .6 Group key figures . .6 Group performance in 2020 . .6 Foreseeable trends and outlook . .7 Recent developments and subsequent events . .7 Research and development . .8 Key factors . .8 Management report on the statutory financial statements . .9 Key figures - statutory financial statements . .9 Business activities of the company . .9 Foreseeable trends and outlook . .9 New investments and disposals during the fiscal year . .9 Existing branches . .9 Post-closing events . .9 Research and development activities . .9 Miscellaneous information . .9 Report on corporate governance . .10 Employee shareholding . .16 Directors’ fees . .16 Statement of non-financial performance . .17 Vigilance plan . .17 Propose appropriation of income 2020 . ..
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