Integrated 2020
to society to Annual Report
contribution Our Our value 2020 Integrated Annual Report Integrated 2020 creation
model
Annual Report Annual
Integrated 2020 Claire Duhamel Oleo100 Director, Saipol Strengthening Sylvain Launay Vice-President of Alençon urban our contribution Community P. 2 through dialogue
Sébastien Duprat de Paule Innovation and
Development Director - Natural 22 P.
Raw Materials,
Yves Rocher The world is facing two majorvalue challenges,sustainable
that creates creates that
Marie Bellenger global warming and population growth, strategy A which Market Manager, VALUE Oleon lead to pressure on resources. This challenge P. 9 requires us to engage in a global transition movement involving changes in energy choi ces, eating habits and agricultural practices. Mohammed Djadi
CEO GECO Algeria, As a key player in the world of agriculture and
Djadi Group agri-food, energy and renewable10 P. chemistry,
Peter Tagge Avril is at the heart ofmodel thesesector transitions, and Managing Director integrated unique A GECO Algeria, COLLECTIVE Avril Group aims to play a more assertive societal role and
P. 10 to promote its model as a source of solutions for tomorrow. This booklet Our contribution to society pre sents some of these solutions, in particular Bertrand Roussel Director of Organic through the meetings that led to their exist
Activities, Terrena ence. Each project is presented as a dialogue6 P.
Sophie Thouenon purpose the to
Organic Sector between an Avril employee and mission an the externalFrom Director, Avril PURPOSE Livestock Sectors partner.
P. 17
Luc Ozanne 2 P.
Investments Group Avril the of CEO
Director, Puig, Jean-Philippe and
So protéol Gestion Avril of Chairman
with Arnaud Rousseau, DiscoverRousseau, theArnaud contentwith of
Pierre our Integratedreview annual The Annual Report Flye Sainte Marie at groupeavril.comINTERVIEW CEO, Lidea
P. 18
We would like to thank all of Avril’s employees and partners - agricultural producers, breeders, researchers, investors and customers - who supported the Group in its achievements in 2020. Emélie Halle Published by Avril Group Communication and Sustainable Development Departments - Publishing Directors: OleoZE Manager, Saipol Hélène Taboury, Béatrice Germain, Clément Tostivint - Design and production: - On the covers of this report: Emélie Halle, Fabrice Moulard, Pierre Flye Sainte Marie, Luc Ozanne - Photo credits: Avril Filières d’Elevages, Costa d’Oro, Lesieur, Sanders, Saipol-Cédric Helsly- Philippe Montigny, Evertree, Geco - Hassen Maireche, Expur, Fabrice Moulard Oleon, Stéphane Remael, Fabien Kay, Thibaut Voisin. ©Groupe Avril. All rights reserved (May 2021). Some photos Farmer and administrator were taken before Covid-19 measures. of the FOP (French Federation of Oilseed and This document is printed with vegetable-based inks on recycled FSC©- Protein Crop Producers) certified paper Recycled and controlled in an ISO 14001- & EMAS- certified factory, by a professional with the Imprim’Vert label. P. 25 LOW-CARBON TRANSITION LOW-CARBON TRANSITION
Sylvain Launay Claire Duhamel Vice-President of Oleo100 Director, Saipol Alençon urban Community
Report made in one of the Alençon urban Community public transport depots.
“ Choosing Oleo100 “ for our buses enable us As an energy supplier, to position ourselves we work closely with on a full alternative to engine manufacturers fossil fuels by opting for to deliver successful an agricultural sector solutions to our local that benefits our region. authority customers. ” ”
2 3 LOW-CARBON TRANSITION
“ “ We are going to involve The Oleo100 solution the agricultural world in is aimed at a target a promotional campaign group of medium-sized to inform inhabitants local authorities for of the urban Community which it is perfectly that our buses run on suited, particularly in energy produced locally, areas where there is a lot
close to us. Discover what they say Discover what they say of agricultural activity. ” at groupeavril.com at groupeavril.com ” Sylvain Launay Claire Duhamel Vice-President of Alençon Oleo100 Director, Saipol urban Community
What’s your assessment after What are your development Alençon urban Community was What role did Volvo Bus play WHY OLEO100 MAKE ENERGY VOLVO BUS,
two years of using Oleo100? projects? the first agglomeration in France in this experiment? Avril TRANSITION EASY AND FAST to test Oleo100 in 2019 for its bus A PARTNER OF CHOICE S. L.: The experiment finished S. L.: In our investment programme, - fleet, what were the incentives C. D.: You can’t roll out energy - at the end of 2020. Given its success, we’re moving towards purchasing Just over two years after it was behind this? transition on your own. Engine and “At Volvo, we’re convinced that we’re extending the use of Oleo100 hybrid buses that are exclusively launched, Oleo100 is proving vehicle manufacturers need to work for medium-sized towns, fuels to the entire fleet that can accept it, Oleo100-compatible, as the elected to be really popular with transport S. L.: This choice is part of an together to innovate. We worked like Oleo100 are the only directly Integrated Annual Report Integrated i.e. 19 buses out of 23, with the representatives of Alençon urban professionals, as there are now Alençon urban Community strategy hand-in-hand with Volvo from replicable energy transition aim of extending it to all transport Community wish to continue over 2,000 trucks contracted that has existed for over 10 years. a really early stage in developing solution for three reasons: zero 2020 in the Alençon urban Community. developing this type of energy across in France, with 200 professional It has always been our desire to our Oleo100 product. infrastructure, zero autonomy Oleo100 has several advantages our region. But, above all, we’re transport customers. “go green”. By choosing Oleo100, As for Volvo, it has developed engines issues, zero operational concerns
for us: it’s a 100% renewable energy going to communicate by involving “This 100% plant-based and we can position ourselves on a full that reduce CO2 and particulate thanks to an economically with no additional cost compared the agricultural world in a promotional 100% French energy can be used alternative to fossil fuels by opting emissions. The hybrid formula is competitive and reliable solution. to diesel; it improves our carbon campaign to inform inhabitants of in existing fleets, particularly for a sector that’s both national extremely innovative because We’ve stepped up our collaboration footprint offering 60% reduction in the urban Community that our buses in road transport. It doesn’t require and local and that benefits our region. it enables the vehicle to run on electric with the Oleo100 team to develop
CO2 emissions and reduces fuel run on energy produced locally, close any investment, and it’s easy When we ordered our first hybrid power downtown and to activate the first exclusive B100 hybrid- consumption, and that’s even better. to us. And, we could even extend to implement, and that appeals buses, Volvo offered us B100*- the hybrid system around town electric vehicle, which will be It’s also an energy source that the use of Oleo100 tomorrow to to our customers. In spite compatible vehicles. This foresight outskirts to have enough autonomy. launched in autumn 2021. This new comes from French agriculture other vehicles such as the ones used paid off. We didn’t need to modify As an energy supplier, we work of the impact of the health crisis, bus will reduce CO2 emissions by that promotes the rapeseed sector for collecting domestic waste. we’ve reached our targets as the engines in any way when closely with engine manufacturers up to 70% thanks to the combination as a complement to food production regards contracts concluded and we wanted to switch from diesel to deliver successful solutions of the Euro VI engine and Oleo100 for Humans and animals. C. D.: Alençon urban Community’s trucks contracted”, confirms to this new energy. We started off to our local authority customers. fuel, combined with smart hybrid- I’m primarily motivated for environmental a model as far as we’re concerned. Claire Duhamel, Oleo100 Director, with B7* then moved on to Oleo100. mode management. This solution reasons. As we’re in an agricultural Not only because it makes full use Saipol. The aim is to reach 15,000 S. L.: Without Volvo Bus technical means we can keep jobs related to basin, associating local production with of Oleo100, but also because it’s trucks running on Oleo100 by 2023. support, this experiment would’ve combustion engines in our Vénissieux it is highly beneficial for our region. going to share this initiative with the This solution also appeals to the been difficult to implement. workshops and, at the same time, whole population. Above and beyond construction sector as an alternative We’re always in favour of creating enable our employees to move the environmental benefits and the to off-road diesel. Vicat, committed together when it comes to our region. towards electric technology.” practicality of the Oleo100 solution Three of us worked on this strategy to a scenario to become carbon- for medium-sized communities, together to roll out this new energy Philippe Glarner, neutral by 2050, is the first French the fact that it gives power and across the urban Community which Managing Director, Volvo Bus France. cement manufacturer to take energy back to the region makes has had a very positive outcome. this step for its quarry equipment. it a great example of a tangible,
local and immediately-available * Diesel vehicle fuel containing 100% biodiesel (B100) solution promoting energy transition. or 7% biodiesel (B7).
4 5 LOW-CARBON TRANSITION Vegetal solutions from sustainable WHY? agriculture
Avril’s roots are vegetal. A VIRTUOUS CIRCLE FROM Renewable energy and chemicals THE FIELD TO THE WHEEL are promising strategic development areas for the use of Together with Oleo100, Avril is During the COP 21, States committed oilseeds and increasingly resolute developing speciality biodiesels which themselves to adopting development responses for low-carbon significantly reduce greenhouse transition. gases (70 to 80%) to meet the demand scenarios that are compatible with of some States such as Germany Avril, a pioneer in biofuels with and the Scandinavian countries. a radical reduction in greenhouse its invention of Diester®, a biodiesel Saipol exported over half of its 2020 incorporated at a rate of 7% in the production in this segment, in which gas emissions. The new targets set diesel of all diesel vehicles in France, it has become the leader. is forever innovating in the field Avril’s aim is to structure French supply by the 27 countries of the European of renewable energy. The aim is chain sectors with virtuous seeds to develop high value-added speciality and oils to increase production. AVRIL’S DUAL ROLE Union are very ambitious: to reduce fuels that help solve part of the This is ambition of OleoZE, the digital IN LOW-CARBON TRANSITION carbon equation. solution also created by Saipol. - OleoZE enables farmers and collecting By producing renewable energy greenhouse gases by at least 55% Avril bodies to recover their sustainably- from rapeseed and sunflower seeds, by 2030 compared to 1990 levels OLEO100, THE B100 THAT produced rapeseed and sunflower Avril co-produces plant protein DECARBONIZES TRANSPORT seeds (see p. 25). The main aim is in the region in the form of meal in order to achieve carbon neutrality to share the value across the sector for livestock feed. As such, the Group Oleo100, pillar of this diversification, whilst making a positive impact plays a dual role in low-carbon Integrated Annual Report Integrated by 2050. a 100% renewable energy manufactured on our planet. transition by also tackling imported by Saipol, the French leader in oilseed deforestation. 2020 processing and a subsidiary of the Group, provides an immediate and PREPARING THE SECOND Here, at Avril, we play a hands-on pragmatic response to the energy GENERATION OF BIOFUELS transition challenge for road transport role in reducing the dependence and local authorities (see page 4). In conjunction with these innovations, Oleo100 enables them to reduce for several years, Avril has been of our economies to hydrocarbons greenhouse gas emissions from involved in research programmes their captive fleets by 60% and on advanced biofuels from biomass through our ability to innovate in fine particulate emissions by up (agricultural and forestry residues). to 80%, at a cost similar to that The BioTfueL project - launched agriculture-derived vegetal solutions, of diesel. At the beginning of 2021, 10 years ago in partnership with the milestone of 200 customers and Axens, CEA, IFP Energies nouvelles, in the sustainable mobility field 2,000 contracted HGVs was passed ThyssenKrupp and Total - proved and in the renewable chemistry one. and, in autumn 2020, an agreement its technological feasibility over was concluded between Avril the entire chain in 2020. and Renault Trucks to accelerate The demonstrator processed its this growth. first 200 tonnes of plant material. The two partners are developing As part of the low-carbon solutions a joint business offer, in which based on renewable raw materials, they bear all or part of the costs of this new technological brick is introducing this sustainable alternative ready to be rolled out depending fuel for road hauliers. on the stakes. -60% reduction of CO2 guaranteed WHY? using Oleo100 6 7 LOW-CARBON TRANSITION
AN INSIDER LOOK
Oleon’s green chemistry at the heart of Yves Rocher cosmetics Yves Rocher premises in Issy-les-Moulineaux, Paris region. Naturalness, sustainable innovation, transparency: Oleon and its customer Yves Rocher share these three goals on a daily basis. The aim? To satisfy consumers who BioTfueL has also answered PROMISES DELIVERED expect increasingly-natural cosmetic products, without a call for expressions of interest IN PROTEIN CHEMISTRY “ impacting health and the environment. A long-standing
(CEI) for projects to create advanced partnership narrated by a duo. Avril biofuel production units for the Proteochemistry (plant protein We’ve a
aeronautical sector, by proposing to chemistry) has opened up new region. Paris in Issy-les-Moulineaux, headquarters Rocher made at Yves Report set up an industrial consortium. perspectives for the development part to play of bio-based materials to replace A solution for expectations “We demand a lot of A mutual quest for transparency of naturalness To be as close as possible to its Integrated Annual Report Integrated fossil resources. Evertree developed in everything transparency from our supplier DEVELOPING THE FULL POTENTIAL a 100% bio-based adhesive solution They were made for each other and partners and we strive to give cosmetic customers’ expectations, OF PLANT CHEMISTRY for wood composite panels in 2020 that involves their relationship has been going on Oleon has developed a brand of 2020 something back in return. for several years now: Oleon, an Avril speciality ingredients which is also the and concluded its first contract with In 2020, we shared our guidelines Avril, a key player in renewable a French manufacturer, Panneaux renewable subsidiary dedicated to oleochemistry, flagship of its eco-design approach. chemistry, produces molecules de Corrèze, creating the world’s first and Yves Rocher, the inventor of and positions on ingredients “In the Jolee™ range, we propose derived from plant oils and proteins bio-based wood composite panel. raw materials. plant-based cosmetics. The first makes policy to pave the way for ingredients that meet specific needs, whose performance is equivalent Evertree products focus on locally- ingredients derived from natural plant an even closer partnership.” such as silicone-like emollients, or even superior to that of petroleum- produced resources. The sunflower oils for the second, which provide Sébastien Duprat de Paule which are technically interesting and ”Moussa Naciri derived molecules, with applications and rapeseed used for its vegetal essential properties for any cosmetic Innovation and Development have a high level of sustainability. in many industrial and everyday resins, in particular, come from the General Manager of the Avril galenic and have the advantage Above and beyond the product Specialities Business Line Director - Natural Raw Materials, product markets, such as paints, industrial plants of Saipol, a subsidiary of providing renewable alternatives Yves Rocher approach, we intend to make Jolee™ cosmetics (see opposite), foodstuffs of the Group, located in Bassens to petro-sourced products. a benchmark as regards guarantees and composite wood panels. (Gironde) and Le Mériot (Aube). “Naturalness and sustainable and to provide all the information In the field of oleochemistry, Oleon’s This resin, which is part of the wood innovation are key concepts for our “You communicated clearly that formulators need on ingredient application solutions are designed fibre adhesive system, eliminates brand. Oleon embodies the principles and openly about your short- functionality and its impact on the to meet the increasingly stringent the use of formaldehyde-based of green chemistry to which we are and mid-term strategic directions environment and health,” emphasizes requirements of markets in terms of petroleum-based resins responsible deeply committed and provides us with and goals and this enabled Marie Bellenger. naturalness and performance, as well for emissions of volatile organic special know-how in the chemistry us to make proposals targeted An approach that appeals greatly as the carbon neutrality goals of compounds (VOCs) that are harmful of fats, with emollients and emulsifiers to your needs. I believe that to Yves Rocher. “We have a real its customers, including for industrial to health and the environment. of natural origin and a high level of we have become more efficient relationship of trust, based on applications such as lubricants. performance. Belonging to a group and more focused together.” shared values and a maximum of Through European projects such as that masters upstream sectors transparency in daily exchanges as Incite or Lipes, the Avril subsidiary is an additional advantage,” states Marie Bellenger well as on the origin and traceability also contributes to the development Sébastien Duprat de Paule. Market Manager, Oleon of ingredients,” concludes Sébastien of less energy-consuming and more Duprat de Paule. eco-friendly production processes. Discover what they say at groupeavril.com
8 9 w
FOOD TRANSITION FOOD TRANSITION
Mohammed Djadi Peter Tagge CEO GECO Algeria, Managing Director Djadi Group GECO Algeria, Avril Group
Report made on the GECO production site in Tessala El Merdja in Algeria
“ “ Today, Lesieur With a 100% local mayonnaise is ‘made team, GECO Algeria in Algeria’ which is has mastered all a great source of pride the challenges and for Algerian consumers even goes beyond and the government. Lesieur standards. ” ”
10 11 FOOD TRANSITION
“ “ We combine product We took the best experience with from both sides and distribution experience, combined them into which are two major a company tailored levers for brand success. to the local business ” environment. Mohammed Djadi CEO GECO Algeria, ” Djadi Group Peter Tagge Discover what they say Discover what they say Managing Director at groupeavril.com at groupeavril.com GECO Algeria, Avril Group
How did the GECO Algeria been Algerians’ the favourite P. T.: Since starting off in September of ISO 22 000 certification for P. T.: Lesieur works hand-in-hand joint venture between the Djadi mayonnaise; they love its taste which THE KEY STEPS 2018, the challenge has been the factory, which will be completed with the Djadi Group not only and Avril Groups come about? they consider unbeatable. Its success IN LOCAL REVIVAL production and distribution. GECO by end 2021. to consolidate its leadership position
is also linked to the fact it’s available - Algeria was able to constantly adapt to in the Algerian market, but also Avril M. D.: For 20 years, the Djadi throughout the country. - In 2016, the Avril Group and the market needs and to continue to work M. D.: GECO Algeria also benefits to ensure that GECO Algeria acts Group had been a direct importer of Djadi Group, the historical importer without interruption in complicated from the Djadi Group’s distribution as a springboard for other parts of Lesieur sauces, including mayonnaise, P. T.: The resilience of the Lesieur of Lesieur mayonnaise to Algeria, circumstances throughout 2020. strength. We have warehouses Africa. Now that we’ve regained to Algeria. By 2016, we’d reached brand in Algeria is incredible. chose to develop a partnership We make specific plans, but we remain in the three largest regions of Algeria. a leadership position in Algeria, we’ll
Integrated Annual Report Integrated a total of 10,000 tonnes marketed Because of the agri-food situation, that would enable them to move very agile and can react quickly. Via these warehouses, exclusive seek to uphold it by improving all per year, i.e. equivalent to the French there was an almost total absence from import/export logic to one distribution partners ensure aspects of customer satisfaction, market, with a 60% market share of Lesieur products on the of co-investment and co-production. the product is present, especially distribution and operational efficiency. 2020 for mayonnaise. We knew that Algerian market for around a year A first protocol of intent was What benefits does your in the traditional market, which the import of this type of product as of July 2017, yet consumers signed on 11 April 2016. partnership bring? What are represents some 5,000 points of sale might be banned and we had never forgot the brand or what it - The Djadi Group acquired land your respective roles? and 90% of distribution. Moreover, the idea to produce locally. represented for them. in Tessala El Merdja, south of Algiers. we’ve never had any stockout and Everything was set up really quickly, - The GECO Algeria joint venture P. T.: One of the keys to success this is what keeps our customers the company was established was initiated in February 2017 with was the close cooperation between coming back. in 2017 and the plant built in 2018. To what do you attribute the aim of building a condiment the Algerian and French shareholders. Against a backdrop marked by the success of Lesieur’s revival factory to produce locally. We took the best from both sides the arrival of several competing in Algeria? - In July 2017, Algeria suspended and combined them into a company How is this partnership a model brands, Lesieur mayonnaise regained imports of certain food products, tailored to the local business for the agri-food sector in Algeria its leadership position and its 60% M. D.: Today, the product is “made including condiments, and environment. With a 100% local team, and what are your projects? market share in 2020. in Algeria” which is a great source of stocks of Lesieur mayonnaise GECO Algeria has mastered all pride for Algerian consumers and were quickly exhausted. the challenges and even goes beyond M. D.: We combine product experience the government. The Lesieur recipe - In 2018, the plant was completed Lesieur standards. We’ve been with distribution experience, which How do you explain this loyalty is followed with the utmost care in 8 months. In September of committed to a very strict quality are two major levers for brand success. to Lesieur mayonnaise? and it’s thanks to this attention the same year, “made in Algeria” and safety management policy It’s a great strength. Very few brands to detail and the use of fresh products Lesieur mayonnaise appeared from the word ‘go’ and not even one can claim to have the same standards M. D.: Algerian consumers appreciate that its special taste has remained product has been recalled to date, as us. We’ll soon be able to develop on the market. quality food products and mayonnaise the same. The other key to success is which is a really important sign. other “made in Algeria” Lesieur - In 2020, the brand regained is one of the most consumed products our effectiveness as a distributor. As part of a continuous improvement products in this high-capacity plant its leadership position with a 60% in Algeria. You find it on all Algerian process, we’ve begun a process in Algeria” market share despite the arrival tables, especially during the month of many competing brands. of Ramadan, and Lesieur has always
12 13 FOOD TRANSITION Providing access to better nutrition WHY?
In 2050, Planet Earth will have to feed over 9 billion people. Food needs will increase by 60% Avril’s primary mission project to take shape in 2020 is to meet the world’s food was a partnership with the Dutch A WORLD FIRST TO DEVELOP between 2010 and 2050 and only 10% needs through sustainable group DSM to build the world’s RAPESEED PROTEIN production. How? By innovating first rapeseed protein isolate plant - in Dieppe, France (see insert). Avril is convinced of the key role more arable land will be available. to develop new sources of Through its subsidiary Sofiprotéol, of plant proteins in tomorrow’s plant proteins, by actively This is a huge challenge that will Avril has also invested downstream: food. To accelerate its entry into contributing to the food in pulse processing with Soufflet this market, the Group finalized require producing more and better, sovereignty of the countries Alimentaire, and in meat substitutes a partnership with the Dutch group in which it operates, with Vegini, an Austrian startup DSM in 2020. Together they have whilst preserving the planet. by promoting sectors and specialising in vegetarian and vegan set up a joint venture, Olatein, products that meet society’s pea-based products. which intends to produce a highly- This means finding new sources expectations. nutritious rapeseed-based protein, CanolaPRO™, for the global Avril of protein. In the richest countries, Although biodiesel consumption fell FOSTERING FOOD SOVEREIGNTY food market, centre staging vegan dramatically in the 1st half of 2020, and vegetarian products. people’s awareness has led to the Group continued to produce To help local economies In close collaboration with the table oil to meet additional food structure their oilseed sectors Normandy Region, which has provided the emergence of an expectation and gain autonomy, Avril exports financial support, the Dieppe City Integrated Annual Report Integrated demand and oilseed meal for animal nutrition. Since its inception, the Group the agricultural and industrial Council, the Port, State services for healthier, traceable food that has contributed to France’s food know-how acquired in France. and the local ecosystem, the former 2020 and protein autonomy, a subject that In Morocco, the 2020-2023 Green Saipol site in Dieppe (Seine-Maritime) is respectful of the environment has been brought back into the Generation project, which follows is being re-industrialized to produce spotlight by the health crisis as well on from the Green Morocco Plan, this pure protein. and of those who produce it. as by the protein plan launched is emblematic of the dissemination Avril has also invested upstream by the public authorities at the end of this expertise. Through its with Prolein, a joint venture with of 2020. subsidiary Lesieur Cristal, Avril has the French Public Investment Bank been supporting the development (BPI), for a total of 45 million euros, Here at Avril, we are at the heart of of the oilseed sector and the capitalizing on its leadership FOCUS ON PLANT PROTEINS revival of the olive industry in this position in oilseed crushing and these changes and we have a role country for the past 10 years seed procurement. to play as a major player in plant oils In recent years, Avril has repositioned in cooperation with the Moroccan As such, the Group will supply its strategy around plant protein State. To extend this model, Avril Olatein with the raw material and proteins, but also as an architect with the aim of finding outlets entrusted its Moroccan subsidiary required for extraction: non-GMO, upstream and downstream in the with the management of its oil protein-rich fat meal from the new of the agricultural and agri-food sector. This approach has led the and condiment activities on the African crushing facility that will be created Group to focus part of its research continent in early 2021. Likewise, on the site using totally innovative sectors in France and beyond. programmes on the protein the development of the Italian processes… A biomethane production component of oilseeds, which was brand Costa d’Oro, acquired in 2018, facility will help supply the local reserved for animal feed for a long is part of a project to enhance public network and reduce the site’s time. The aim is to ensure it becomes the Mediterranean olive oil sector environmental footprint. First a new source of plant protein with investments planned to structure production expected during the first for human consumption. The first the agricultural sector upstream. quarter 2022. WHY? 14 15 FOOD TRANSITION
“ AN INSIDER LOOK In all countries, we strongly promote local sourcing and organic references.
Olivier” Delaméa, General Manager of the Avril Vegetal Business Line
A 100% Avril and Terrena organic sector
Soya seeds on the Oleosyn Bio site in Thouars. Avril and the Terrena cooperative have joined forces to create Oleosyn Bio, a sector dedicated to organic production for animal nutrition and human food from French CONTRIBUTING TO MEETING THE GROWING oilseeds. The sector is organized around a crushing facility A NATIONAL, TRACED OFFER ORGANIC MARKET DEMAND “ located in Thouars in the Deux-Sèvres region, which One of the expectations boosted Avril supports this growing mode In animal produced its first tonnes of organic meal and oil in 2020. by the health crisis is the national and of consumption and production A project narrated by a duo. Avril even local origin of food products. from downstream to upstream. nutrition, our in Thouars. Bio site made on the Oleosyn Report Avril’s presence upstream in the Downstream, the Group’s brands industry is a real asset for taking are developing their organic offer. key challenge The aim: to produce French Origin “The Oleosyn Bio site in Thouars Developing organic oilseed crops these societal demands into account. In 2020, Puget launched a new “In Oleosyn bio, we’ve got Oleo, Oleosyn Bio’s second aim is to Integrated Annual Report Integrated is a reconversion of a Sanders In the livestock sectors, Avril feeds range, called “Les Récoltes Bio” is to reduce which means oil in French. develop the activity of the region’s 80% of its animals with French and Lesieur four new references animal nutrition site. We’ve This project’s based on oilseeds: organic oilseed producers by 2020 raw materials, with the aim to make in this segment with the intention of been able to keep the jobs on sunflower, soya and rapeseed. providing them with new outlets, progress every year by further offering an organic equivalent for the level of our site, as well as the indirect jobs Organic because the facility is for oil and protein. reducing the level of soya imports. each of its key products by 2023. 100% organic-dedicated. created in a revitalization area.” “This facility enables Terrena One of the answers lies in developing In the livestock sectors, Avril supplies soya imports Syn, for synergy between several to secure the supply of its organic a French soya sector, which already the organic sector through its Sophie Thouenon contributed 9% of Avril’s soya meal animal nutrition business with three as much shareholders - Avril, Terrena, Organic Sector Director, animal sectors from the production supply in 2020. The Sojalim crushing Sanders plants dedicated to organic Sofiprotéol and Esfin Gestion - Avril Livestock Business Line of its members. We’ve successfully plant in Vic-en-Bigorre (Hautes- production. The objective is to as possible. united around a sector that produces, concluded three-year contracts Pyrénées), launched in 2017 with complete the territorial network so on the one hand, organic plant “All the sunflower seeds and with our sunflower growers. We were proteins for animal feed and, on the working over a sunflower area a capacity of 25,000 tonnes of seeds as to have a tailored industrial tool. rapeseeds crushed are of ”Christophe Le Bars other hand, organic sunflower and of 350 hectares in 2015. Thanks to per year, illustrates the Group’s Avril’s ambition is to make its organic French origin, mainly from commitment to the development model a reality and to develop General Manager of rapeseed oil for human consumption,” Oleosyn Bio, 2,800 hectares were the Poitou-Charentes region of a 100% Made in France soya sector. sustainable sectors that provide the Livestock Business Line explains Sophie Thouenon. cultivated in 2020 and the aim is Local sourcing is also one of the goals outlets and visibility for farmers while For the two partners, this new sector for the sunflowers. As far to reach 4,000 hectares,” rejoices for consumer brands: Lesieur is helping strengthen French food meets society’s expectations for as soya’s concerned, we intend Bertrand Roussel. “The facility aiming for a supply of French Origin sovereignty. This is the aim of creating French origin organic food: “We lack to use 100% French seeds promotes conversion. We also seeds for all of its production of Oleosyn Bio, a complete organic plant proteins to feed the organic by 2026.” want to capitalize on Oleosyn Bio oils and condiments under the Lesieur sector based on French oilseeds animal sector and most of these to structure an organic rapeseed brand by 2023; Costa d’Oro invested (see opposite). proteins are imported, which makes Bertrand Roussel sector on a nationwide scale,” adds in 100% Made in Italy olive oil in 2020, no sense for the organic sector,” Director of Organic Activities, Sophie Thouenon. The project was with traceability of the supply chain emphasizes the manager. “Oleosyn Terrena co-financed by the French Agence Bio and geolocation of the oil mills; Bio will enable us to reduce the use and the Nouvelle-Aquitaine Region. Matines and Mas d’Auge eggs comply of imported soya meal and to supply with a standard that guarantees our animal sectors with cake made their origin in France, from the birth entirely from raw materials of French of the chick to the laying of the egg. origin,” adds Bertrand Roussel. Discover what they say at groupeavril.com
16 17 AGRICULTURAL TRANSITION AGRICULTURAL TRANSITION
Luc Ozanne Pierre Flye Sainte Marie Investments Director, CEO, Lidea Sofiprotéol
Report made on the Lidea site near Toulouse.
“ “ We’ve got real challenges The new entity, to address in moving Lidea, is developing towards an agriculture a comprehensive that’s less dependent multi-species seed on chemicals. The seed, portfolio which is the first link in agricultural in itself a response production, is a key to the agricultural part of the solution. model transition. ” ”
18 19 AGRICULTURAL TRANSITION
“ “ Consolidating a French Lidea offers a full range seed company of European of field crop varieties size means contributing as well as companion to the competitiveness plants and plant cover of our crops and to the that are very useful development of innovative in preventing soil
solutions that meet the Découvrez leur dialogue : erosion, protecting
challenges of agricultural Discover what they say Discover what they say against insects transition. at groupeavril.com at groupeavril.com and fixing nitrogen. ” ” Luc Ozanne Pierre Flye Sainte Marie Investments Director, Sofiprotéol CEO, Lidea
What role did Sofiprotéol play For their part, farmers are looking What assets does the new sunflower and protein crops. By in the inception of Lidea? for varieties that provide higher CREATION OF A FRENCH Lidea entity have to meet consolidating a French seed company SOFIPROTÉOL, A HISTORICAL MULTI-SPECIES SEED COMPANY COMMITMENT IN THE SEED SECTOR
productivity, better crop resistance these challenges? of European size, we contribute Avril P. F. S. M.: Caussade Semences Group to drought and disease, and WITH A EUROPEAN CALLING to the competitiveness of our crops - and Euralis Semences were looking require less fertilizer. Adapting - P. F. S. M.: First and foremost, and to the development of innovative The Avril Group’s interest in seed for a seed consolidation project. to climate change and improving The merger between Euralis critical size is decisive for investment solutions tailored to our farmers’ companies has existed for quite Sofiprotéol provided its knowledge the sustainability of agricultural Semences and Caussade Semences in research, production and industry transition issues. some time. of the market and the people. practices are challenges that require Group, which was finalized in 2020, on a European scale. Moreover, The partnership with Euralis dates Integrated Annual Report Integrated This helped us understand the interest a strong response from the seed enables the new entity, Lidea, to the creation of Lidea, a multi-species What are your ambitions back to 1983, the year the Group of this operation more quickly, and sector. As we’re involved in long reach a critical size on the European seed company, means we can address for the organic market? was founded. Since then, Sofiprotéol 2020 then make it a reality. research cycles, the fact of integrating market, as regards investment in agricultural model transformation. has constantly supported mergers partners such as Sofiprotéol, a long- research and agro-industrial facilities. Agricultural model transformation P. F. S. M.: We intend to grow in to consolidate the French players L. O.: We had a historical link with term partner present throughout Lidea now covers the whole of requires different crop rotation and this market, which already represents in this strategic sector for the Euralis Semences since the creation the value chain, enables us to be extended Europe with bases in Spain, cropping patterns. an important part of our business. industry: as early as the 1990s, of Sofiprotéol and we entered attentive to weak signals and to adapt France, Romania, Ukraine and Russia. Today, we have a comprehensive To achieve this, we’re developing our between the Euralis seeds entity and Caussade Semences Group capital more quickly to select tomorrow’s The company is one of the world’s species portfolio that allows us research areas as well as production, Rustica to create Euralis Semences, in late 2018. We had the shared seeds today. top 10 field crop seed companies to meet the needs of farmers all year in the field and in our industrial then between Limagrain and interest in associating this company and ranks 6th on the European round, and to provide customized facilities. These are major investments Verneuil in the 2000s, and finally with another seed company. L. O.: In the oil and protein sector, market, yet remains attached solutions tailored to the different that Lidea is now able to make. between RAGT and Sérasem in 2010. We questioned our French seed we’ve got real challenges to address to its local roots through the nine European production basins. The aim: for oilseed crops to partners and were convinced in moving towards an agriculture agricultural cooperatives based Lidea offers a full range of field crop L. O.: French organic oilseed benefit from critical-size research by the strategic thinking of Euralis that’s less dependent on chemicals. in south-western France that make varieties as well as companion plants production is not sufficient to supply programmes that are tailored and Caussade management. The seed, the first link in agricultural up its shareholder base. and plant cover that are very useful the local market. to French farmers’ specificities production, is a key part of the • 350 million euros of revenue. in preventing soil erosion, protecting 70% of rapeseed, sunflower and and needs. Sofiprotéol, a long-term What are the challenges the seed solution. Using resistant varieties is • 8 production sites. soils and improving their agronomic soya are imported, either as seeds partner, is present with French sector faces given the transition the best way to prevent insect • 17 research hubs in Europe. potential, controlling pests in a rational or processed products. The challenge seed companies through Inolea, of agricultural models? attacks and to reduce the use of • Over 30 million euros dedicated manner and, as such, reducing is to develop high-performance a joint platform in plant genetics plant protection products, especially every year to industrial and R&D the use of inputs. varieties that are more resistant and genomics. P. F. S. M.: The challenge is to in rapeseed. For sunflower, more investments. to climatic variations and insect discover and produce new varieties vigorous seeds will make it possible • A multi-species portfolio: maize, L. O.: Critical size is a key issue. attacks. In France, Lidea has a 60% to meet consumers and farmers’ to better resist the dry periods Large multinationals are focused market share in organic sunflower sunflower, rapeseed, straw cereals, expectations and which are adapted we’ve been experiencing for the last on GM maize and soya, which account and 80% in organic soya. It’s a key fodder crops, soya, sorghum, pulses to the pedoclimatic conditions of three years in France. for 60% of the market, and aren’t partner in the sector for developing and service plants. the European continent. For example, interested in crops such as rapeseed, these crops. improving the nutritional profile of an oil or protein content calls for seeds with specific characteristics.
20 21 w
AGRICULTURAL TRANSITION Facilitating the transformation of agricultural WHY? practices
As a processor of agricultural natural substances, already concerns resources, Avril has a twofold 10% of rapeseed areas in France. “ Farmers are confronted with economic, responsibility: downstream, Through the FASO, French oilseed Avril’s to respond to new societal strategic action fund, Sofiprotéol strength lies environmental and social challenges expectations to make the oil also supports research programmes on biostimulants, natural plant in its territorial that have intensified over the last three and protein sector a fully-fledged part of tomorrow; upstream, defence stimulators. network: to deliver solutions to farmers Biocontrol is also a subject of years. Climate change, food security, and breeders to help them research in the animal world, with bringing together reduction of greenhouse gas emissions… build productive and sustainable the aim of reducing the use of plant managers business models. chemicals and antibiotics on farms. Today, farmers are no longer simply Nolivade was created in 2015 and upstream Avril positioned itself upstream as a startup integrated into the Avril agricultural producers of raw materials, but key of the sector, very early on, in research Group to meet this demand with on improving seeds and agricultural natural solutions based on bacterial representatives players in finding solutions to today’s practices. Through Sofiprotéol, flora that address all species. Nolivade Avril its investment and development technology, now industrialized in around joint challenges. subsidiary, the Group has supported powder form, is used in aquaculture challenges French seed companies from in Vietnam for preventive digestive the outset to promote research into health applications. gives meaning Integrated Annual Report Integrated new, more resistant varieties that to our vision. Avril is by their side more than ever will make crops more sustainable. 2020 (see p.20). PROMOTING SOIL ” before. Our purpose is to “Serve CONSERVATION AGRICULTURE Stéphane Yrlès Secretary General the Earth”. And, that’s why we exist. RESEARCH & INNOVATION, Changing farming practices AN AGRICULTURAL TRANSITION also means encouraging carbon To create value for the agricultural LEVER storage in the soil. This is the ambition of OleoZE, an online trading solution for community by promoting remunerative Avril is also proactive in the agricultural AVRIL COMMUNITIES sustainable seeds created by Avril inputs sector where it intends to EXPANDS TO INCLUDE in 2019. and sustainable practices that enable develop alternatives to plant AGRICULTURAL LEADERS Farmers’ efforts to reduce protection products. Sofiprotéol has - greenhouse gas emissions and it to make a positive contribution been supporting de Sangosse for Avril Communities, launched in increase carbon storage on several years, enabling it to step up 2019, brings together the directors their farms are encouraged by to tomorrow’s world. its R&D investments in biocontrol. of Avril’s industrial sites, with better remuneration for their seeds This approach, which consists the aim of strengthening links and (see page 25). in protecting plants by developing dialogue with the local ecosystem: the use of living organisms and local authorities, institutions and citizens. In 2020, this community expanded to include leaders from the agricultural world by integrating administrators from the French Federation of Oilseed and Protein Producers (FOP) and by establishing duos with industrial directors for the purpose of sharing best practices WHY? as regards territorial management. 22 23 AGRICULTURAL TRANSITION
AN INSIDER LOOK
“ Our strategy is closely linked to agricultural and agri- food sector challenges. ” Xavier Dorchies Chief Strategy and Development Officer Avril, Chief Operating Officer Sofiprotéol How OleoZE promotes sustainable Sunflower crops in Lidea greenhouses. farming practices In 2020, 80,000 tonnes of rapeseed and sunflower seeds One of Terrial’s missions segmenting its five major regions from sustainable farming practices were marketed via is to work with the players in plant into 14 territories. As such, the brand REINFORCING THE SOYA the OleoZE platform, generating 2 million euros of premiums INTERBRANCH IN TOGO production to support them in is in line with locavore movement for the agricultural sector. A first-ever narrated by a duo. Avril new, productive and conservation dynamics and intends to speed up -
agriculture. This subsidiary of Avril, the development of its excellence The Minister of Agriculture, in Villiers-en-Désoeuvre. farm Moulard’s made on Fabrice Report which welcomed Suez as a shareholder channels (organic, 100% French origin, interested in their action promoting in 2019, converts organic co-products short circuits, etc.). protein autonomy by structuring An average GHG bonus “OleoZE is part of the 4 per I opted for shallow tillage and the pulse sector in Togo, asked of 25 euros per tonne of sowing in stubble. Thanks to OleoZE, Integrated Annual Report Integrated into fertilizer solutions to supplement 1,000 initiative launched or replace chemical fertilizers. With In 2019, the Group also committed Fondation Avril and AGROPOL seed purchased at COP21, which proved that my practices are directly valued the integration of Suez’s compost to ensuring that, by 2025, all to support the professionalization of OleoZE, created in 2019 by Saipol, through the seed price.”
2020 agriculture could play a role activity, Terrial structured its offer the eggs it sells or uses will come the soya interbranch and to bring a Group subsidiary and French in countering climate change Pioneering practices in 2020, especially for organic from alternative farms, i.e. from the soya sector to an internationally- leader in rapeseed and sunflower if it adopted practices that One year after its launch, OleoZE is agriculture, which now represents hens reared outdoors (free-range), recognized level of excellence. seed processing, is a digital solution restore the soil’s capacity as achieving its targets and Saipol over half of its sales. and using organic production The strategy set up to support the for sourcing sustainable seeds a carbon reservoir.” plans to purchase 10% of its seeds - methods. Avril supports breeders Interbranch Council of the Soya to produce biofuels with very low greenhouse gas (GHG) emissions. or 300,000 tonnes - via the digital in this transition and the share Sector in Togo (CIFS) is divided into Emélie Halle Intended for farmers and storage solution within the next 3 to 4 years. PRODUCING BETTER of eggs the Group purchased from three phases: identifying strategic OleoZE Manager, Saipol organisations, it remunerates “One of OleoZE’s missions is FOR CONSUMING BETTER alternative farms reached 50.3% projects for the CIFS, then training each farm’s practices according to encourage change and bring in 2020. the CIFS in interbranch functioning, to sustainability criteria with “With OleoZE, it’s really agriculture into an even more Avril, highly-involved in livestock managing strategic projects and a GHG bonus: diversity of rotations, the farmer’s practice that virtuous circle. We value pioneering sectors through its expertise in animal drawing up an action and economic use of plant cover, reduction generates financial value. farmers who’ve implemented cooperation programme between nutrition, is also helping change in tillage, etc. “This is the first time With this tool, agriculture conservation agriculture on their France and Togo, before a third practices in this area. For several ever that agricultural practices can regain control and prove farms. Our aim, hand-in-hand phase of delivering and implementing years now, the Group has been rolling have been remunerated at farm with our partner collecting bodies, the projects defined in the action and its efforts for the climate. out sustainable health management level and that the services provided is to encourage as many farmers cooperation programme. To carry The modernity of this (SHM) approach wherever it exists. by agriculture to counter climate as possible to implement these out this project, the Foundation calls approach may appeal In France, Sanders, the leader in animal change are financially valued”, practices counter climate change”, nutrition, reviewed its organization on skills such as those of Agropol to many farmers, especially continues Emélie Halle. OleoZE explains Emélie Halle, OleoZE Manager, new generations.” to get closer to farmers and better on interbranches and oil-protein Saipol. This initiative that appeals marks a paradigm shift. “This tool address local specificities by sectors and on internal resources. greatly to Fabrice Moulard, farmer Fabrice Moulard highlights our efforts and our role in the Eure region and administrator Farmer in the Eure region and in capturing and storing carbon”, of the FOP. administrator of the FOP. concludes Fabrice Moulard. “Out of a total of 220 ha dedicated “The premium may also encourage to field crops, I also grow peas, farmers to plant rapeseed and alfalfa, sorghum, maize, spring sunflowers at a time when production Discover what they say conditions are increasingly difficult and winter barley to promote crop at groupeavril.com rotation and carbon storage. and yields are at a cap.”
24 25 “ We have All of us together successfully carried out our mission to tackle Covid-19 throughout this period: to feed Throughout 2020, Avril and all its subsidiaries took action to deal People and animals. with the unprecedented pandemic crisis. The aim: to ensure continuity We all feel of service for essential activities whilst safeguarding employees and incredibly proud. partners’ health and safety. Not to mention the in-company and external I would also like solidarity actions towards all the everyday heroes. We wish to thank to thank all our them all sincerely for their initiatives. employees for their commitment and the work SAIPOL Sounding board accomplished When information was published this year, in these on Saipol’s LinkedIn account concerning business continuity and very special prevention measures implemented circumstances. in the field, many messages of support and encouragement were ” Jean-Philippe Puig received from Saipol employees, CEO of Avril Group Avril subsidiaries and partners. They were shared with the teams
via dynamic screens set up on Avril the different sites. Jean-Philippe Puig visiting the Sanders site in Saint-Gérand (Morbihan). Integrated Annual Report Integrated LESIEUR A video to express their thanks 2020 Locked down employees expressed their thanks to their production colleagues working in the plants via a video made with their selfies taken whilst teleworking.
TERRIAL AVRIL LIVESTOCK SECTORS Exchanging with others Sharing day-to-day life when isolated Photos and videos of ALS employees’ To promote contact between day-to-day life on-site and at home employees, a host of videos were shared to show solidarity. was produced and disseminated Many great initiatives were illustrated: every week to present the different several technical sales people, for departments of the company example, helped out in the plants during teleworking periods, to share during this period. news and to keep in touch with Oleon employee on Port Klang (Malaysia) site. Loading hand sanitizer. A weekly episode on Yellow, the Group’s each other. intranet as well as mosaic posters OLEON on sites were also published. A great COSTA D’ORO EXPUR way to boost troops’ morale! Support to associations in Romania Hand sanitizer production Costa d’Oro’s hospital donation Expur made donations to a number of charities in Romania, such as Oleon produced 27,000 litres of hand sanitizer for hospitals Costa d’Oro made a donation to Spoleto Hospital (Italy), the Red Cross, the hospital and and healthcare facilities: over 20,000 litres in Oelegem so it could acquire two multi-parameter monitors for the city hall in Slobozia, the Lalomita (Belgium) and 7,000 litres in Port Klang (Malaysia). the Covid-19 emergency room. association for child welfare, and the “Magic Box” association with basic necessities for the poorest families.
26 27 “ The Group has demonstrated exceptional responsiveness and ability to adapt to protect and ensure business continuity. I would like to congratulate all our teams for the interpersonal skills they have demonstrated throughout the year. ” Arnaud Rousseau Chairman of Avril Gestion Avril
Integrated Annual Report Integrated #1Day1Team1Smile
2020 The campaign #1Day1Team1Smile Teams mobilisation on Matines site, Naizin (Morbihan). Employee on Lesieur site, Vitrolles (Bouches-du-Rhône). shared on social media last November the photos of our employees who are MATINES THESEO Since the beginning of the Recipes to share Production of TH5 Protect working every day on our production pandemic, Avril donations Launch of a Facebook live “Kitchen- The subsidiary specialized in sites under the special conditions have totalled time with Matines” focusing on recipes, biosecurity has registered its flagship of the global health crisis. 2,817,300 euros every Wednesday, throughout disinfectant, TH5, which is now lockdown. available for the disinfection 242,074 litres of surfaces, equipment and floors OVOTEAM in the community under the name of table oil Fresh produce donations TH5 Protect. The product has been 27,932 litres With its activity severely disrupted adopted by the town of Béthune by Covid-19, Ovoteam, the company (Pas-de-Calais). Theseo also donated of hand sanitizer that processes eggs (omelettes, protective suits, TH5 Protect 24,490 masks scrambled eggs, etc.) for hotels and disinfectant and hand sanitizer to restaurants, donated fresh produce Laval Hospital (Mayenne). 15,510 sanitary facilities to associations such as the French Restos du cœur.
KERFOOT Food solidarity Kerfoot donated 960 litres of oil to a food charity to prepare meals for the poorest families struggling to feed themselves.
28 29
Integrated 2020 to society to Annual Report
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1 Interview
What do you remember from this year marked by the health crisis? A. R.: I would reply with a single word: resilience. The Group has demonstrated exceptional responsiveness and adaptability to protect and ensure the continuity of the business. Avril’s day-to-day care of the women and men, and the in-depth work undertaken in recent years on health and safety have provided a very solid foundation for the management of this unprecedented period. The crisis has revealed the strength of our model where meaning drives performance. When we needed to find the boldness required to get through this unprecedented period, the fundamentals were there and everyone knew what they had to do. More generally, the crisis has highlighted the value of food and the issue of sovereignty, not in the sense of inward-looking attitudes but rather the ability to guarantee populations access to essential products. Avril “ The crisis has highlighted the strength of our business model in which meaning drives performance. When we needed to find the boldness required to get through this unprecedented period, the fundamentals were there and everyone knew what they had to do. ” ARNAUD ROUSSEAU Resilience, Chairman of Avril Gestion J.-P. P.: To the resilience of our model and the agility with which confidence, we have been able to adapt, I would add confidence and serenity. The confidence of all our employees, ARNAUD ROUSSEAU JEAN-PHILIPPE PUIG serenity the management and our governance, Chairman of Avril Gestion CEO of the Avril Group which has enabled us to keep calm. Discussion between the Group’s We have been able to continue two leaders on the 2020 highlights, our mission throughout this period: the outlook for 2021 and the future to feed people and animals, in France of the Group. and in the 19 countries in which we operate. We all feel incredibly proud. As proof of this, the results of our employee-wide survey revealed a very strong commitment to the Group, with a commitment rate of eight points above the average for our sector of activity.
2 3 Interview
wherever we have a presence. This is solutions used for Human and animal our business model and must guide what we have done in Morocco and nutrition in a preserved environment. our strategy. It’s also a meaningful what we will do shortly in Senegal, project for our 7,600 employees: with significant investments in our How is morale among farmer at Avril, we are here to “Serve industrial site in Dakar. shareholders today? the Earth”. This ambition, which A. R.: Although the agricultural is supported every day by the actions How is 2021 looking? world is experiencing difficult times, of Avril's women and men, involves J.-P. P.: The recovery is very much it continues to rely on Avril’s model structuring and transformative under way and we can now envisage to project itself in the long term. commitments that cement our “ an acceleration on our growth. This is a model that does not contribution to agricultural, energy The first half of the year is still affected distribute dividends and reinvests and food transitions. Avril continues by the pandemic, and we have to deal its profits in its development and with an unprecedented surge in raw that of French farms. And 2020, A. R.: “Serving the Earth” perpetuates material prices, which is impacting an unusual year marked by the health the Group’s mission. It puts Avril to foster all of our activities. In the second crisis, poor climatic conditions, in tune with all of its stakeholders – half of the year, as vaccines are rolled reduction in production resources primarily farmers and employees, out, we will be able to take advantage has demonstrated the strength but also our suppliers and customers. vocations of the opportunities offered by the of the model: Avril is a group that We must now bring it to life through economic rebound. The Group has has done more than just withstand our commitments and daily actions demonstrated its robustness in difficult the crisis and that, for almost 40 years, to make it a robust, measurable and among young times, which gives us great confidence has reinvented itself as the interface ambitious point of reference. And in our model, our governance, our between the agricultural world I know that I can rely on everyone’s management and our employees – and society. I am proud that Avril commitment to meet this challenge. farmers the fundamental basis of our future has continued to foster vocations growth. Therefore, in 2021, we are among young people. going to accelerate the roll out of ” our strategic plan and prepare for 2021 is also the year of the launch the future with the refocusing of of Avril’s purpose, but what does our activities around the processing this mean? and valorisation of oilseeds. This is J.-P. P.: Our purpose is the culmination our vocation and where our expertise of a collective work carried out
What impact has the crisis had “ us to collect 80,000 tonnes of grains is rooted. This is where we will create over the last three years with the Avril on your activities and your results? Our performance is better from sustainable cultivation practices. value in the coming years for the Group’s men and women and all J.-P. P.: The crisis has boosted sales than last year’s in terms It’s an innovative solution that has Group and the sector, by making Avril our stakeholders. It has allowed us of food products in supermarkets, of Ebitda and net result, and made it possible to remunerate the the leader in vegetable processing to define the characteristics of particularly edible oil. Conversely, it has is in line with our Avril 2023 progress of the agricultural world. had a negative impact on the energy With OleoZe, it’s the first time Integrated Annual Report Integrated strategic plan which is and oleochemical sectors, which have progressing as planned, even that services provided by agriculture suffered as a result of the economic to fight climate change have been 2020 a little ahead of schedule. slowdown, especially in Europe. valued financially. Overall, the resilience of our model ” Finally, internationally, we have JEAN-PHILIPPE PUIG meant that we could end 2020 CEO of the Avril Group entrusted Lesieur Cristal, our Moroccan with good results. Our performance is subsidiary, with the development better than last year’s and is in line of our consumer activities in Africa. with the objectives of our Avril 2023 As such, we will accelerate our strategic plan. What milestones were reached development, confirming that the I would also like to thank all employees in 2020? international market is an important for their commitment and the work J.-P. P.: 2020 was a pivotal year growth lever for the future of “ carried out this year, in these very for Avril, with – despite the crisis – the Group. special circumstances. These results the realisation of important projects We also demonstrate the relevance of for our future growth. In particular, A. R.: With OleoZE, Avril offers our strategic decisions, which make us we finalised our partnership a new vision of agriculture: agriculture can now stronger today and more confident with the Dutch group DSM for the that capitalises on its strengths for the future. construction of the world’s first to provide solutions to the challenge rapeseed protein extraction unit of climate change and the preservation envisage A. R.: I am proud of these results, in Dieppe. Saipol, our subsidiary of biodiversity. This performance- proud of the responsiveness of specialising in renewable energies, driven ecology is highly satisfying the management and the teams who made structuring progress in the from an economic perspective because faster have found the means to maintain development of speciality products: it helps to shift everyone’s mindset the continuity of our activities and Oleo100 was introduced to road towards a virtuous agricultural even go beyond. Our objectives hauliers and, despite a complicated transition. 2020 was also a year of growth for 2020 have been reached. I want year, met its target in terms of accelerated international growth. to congratulate all of our teams for the number of trucks running on And it makes perfect sense: this performance and the soft skills that this 100% French vegetable fuel. by replicating our industry model ” they have demonstrated throughout Likewise, the OleoZE platform, that links farmers, collectors and the year. which was launched in 2020, enabled processors, we create shared value
4 5 Discover the film made by Avril employees at 1 groupeavril.com
- At Avril, we are here for others. For men and women. For our sectors. For our regions. And for the Earth. We are the hyphen. The furrow. At our roots or thousand kilometers away, our work is all for them. We work towards people, feeding them with the best of Nature, providing Avril greener energies and all the goodness of a natural chemistry.
Integrated Annual Report Integrated Purpose We work towards those who cultivate,
2020 transform or reinvent the soil. Towards our sectors, which we make stronger for today and bolder for tomorrow. We work towards our planet, to protect its resources and all forms of life it hosts. Nurturing Humanity and Nature. Nurturing businesses and ideas. Avril exists to grow. To elevate. To reinforce. To put in motion. To make all thrive. We exist to Serve the Earth. -
6 7 The expression of the purpose is the fruit “Serving the Earth” is our purpose and a reason From the mission of three years of iterative and collaborative for acting every day for Avril’s 7,600 people worldwide. labour which in 2020 gave birth to With the current challenges facing us, this purpose to the purpose a simple sentence: “Serve the Earth”. places obligations on us. That’s why we’ve chosen six This purpose is based on the four action priorities that commit us on a daily basis. dimensions that define the uniqueness For us, the people of Avril, who are active every day of the Avril model. in the 19 countries where the Group operates,
Serving the Earth means
taking action for our investments’ impact. 1 Connect with confidence 2 Share the value taking action for agriculture Because we want to have a positive that respects the planet. impact on the regions and the Because we believe in a form of environment, we are committed to agriculture that feeds people while ensuring that by 2030, 100% of respecting the planet, we are committed our investments, whether industrial to being the link with producers or financial, are based on economic, that allows for dialogue and builds environmental and social criteria. solutions, for healthy food and fair pay for farmers’ work. taking action for the Climate.
Because we support the United Avril is a collective effort, the As per the wishes of our founders, taking action to protect natural Nations’ objective of limiting global thread that connects upstream to we reinvest our profits for the benefit resources and biodiversity. warming to 2 degrees, which is
downstream, the farmer to the plate, of the sector, so we can grow part of the Paris Agreements, Avril and which brings together all the stronger year by year and offer many Because we will continue to import we are committed to reducing all sector’s players to help them grow, opportunities for development. agricultural raw materials that cannot be improve performance and efficiency, This solidarity guarantees our produced locally and come from countries our direct and indirect greenhouse and meet the expectations of long-term sustainability and is at risk of deforestation or conversion gas emissions by 30% by 2030.
Integrated Annual Report Integrated our customers and consumers. a model like no other in the world. of endangered ecosystems, we are committed to ensuring that 100% of
2020 our palm and soya supplies come taking action for a collective 3 Invent tomorrow 4 Treasure life from sustainable agriculture by 2030. and inclusive project. Because we believe in the strength of the collective, which is the origin of taking action to develop our model and our governance, we are local sectors. committed to maintaining a constant Because we care about keeping our and challenging dialogue with all regions dynamic, we are committed our stakeholders. to speeding up the development of the local supply chains in all our fields of activity, from 2025 for 100% of our edible oils when the raw materials This sector gives us a responsibility: We are at the heart of agricultural, exist locally. to prepare for the future and to energy and food transitions, At Avril, implement solutions for sustainable we respond to both the climatic growth that are respectful of living and demographic challenges of we all have things – which will make it possible tomorrow, we take care of the power to face the major challenges of health and safety, respectfully the planet. It is in our DNA: we were develop talents and ensure the and the duty pioneers of biodiesel in the past, quality of our products and to Serve are a key player in oleochemistry services for everyone, in a safe right now and will be a key player and sustainable way. the Earth. in protein in the future, all because we want to drive change. Boldly and without borders.
8 9 2
A UNIQUE INTEGRATED SECTOR MODEL
- The sector model is at the heart of Avril’s founding project. As the interface between the agricultural world and customers and consumers, the Group integrates the entire value chain of the oils and proteins sector, from research to production and from processing to the marketing of products and services. This unique model is made possible by the numerous Avril and complementary expertise of the men and women in the field who support the Group Integrated Annual Report Integrated Collective on a daily basis to meet the needs of farmers
2020 and customers. To serve this model, Avril relies on its two business lines: its industrial business line, deployed from upstream to downstream in diversified sectors – agrifood, animal nutrition, renewable energies and chemistry – and its financial business line, through its Sofiprotéol subsidiary which supports companies in the agricultural and agrifood sector through minority shareholdings and loans. This ability to act with these two levers strengthens the Group’s role as an architect of the sectors at the service of national sovereignties. -
10 11 FROM GRAINS TO CONSUMER PRODUCTS DEVELOPED THROUGH THE VARIOUS S VALORISATION PATHWAYS 1 ANIMAL NUTRITION
Feed for livestock
S SEEDS
S Seeds 2 HUMAN Biotechnologies CONSUMPTION Rapeseed Biocontrol proteins for the Oilseed meal food market Crushing (protein-rich)
Edible oils
AGRICULTURAL PRODUCTION Avril
S
Integrated Annual Report Integrated S 3 RENEWABLE CHEMISTRY Grain collection S 2020 Rapeseed, sunflower Bio-based and soybean grown by adhesive solutions 100,000 farmers for the furnishing and construction industries Bio-based speciality ingredients from oleochemistry Oil
SOFIPROTÉOL, THE AVRIL GROUP’S FINANCIAL TOOL - 4 RENEWABLE Sofiprotéol, an investment and development company, supports ENERGIES companies in the French and European agricultural sector and food industry through minority shareholdings and loans.
It is involved upstream of the sector, in seeds, biotechnologies, animal Biofuels genetics and health, and grain collection, and downstream, in the various activities associated with the grain processing business lines right through to the marketing of consumer products.
Interventions S
12 13 Governance rooted The Board in the agricultural of Avril Gestion world
Driven by the sector’s farmers united Arnaud Rousseau within the French Federation of Oilseed Farmer, Chairman of Avril, and Protein Crop Producers (FOP), Chairman of the FOP1 the Avril Group is based on an original mode of governance that places its Sébastien Windsor Alain Renoux founding shareholders at the heart of Farmer, Vice-Chairman of the FOP, Farmer, Chairman of APCA2 Vice-Chairman of the FOP its growth strategy.
With the adoption of its new legal form in 2015, the Avril Group acquired a rare status in France as a limited partnership with a share capital (Société en Commandite par Actions, or SCA). The mode of governance associated to this legal status was intended to sustain the central role FROM THE PERSPECTIVE of the founding shareholders – the farmers in the OF SÉBASTIEN WINDSOR, sector – at the heart of the growth strategy. A FARMER AND MEMBER Avril The four farmers representing the FOP, who sit on the Board of Avril Gestion, are guarantors OF THE BOARD OF Jean-Pierre Denis Benjamin Lammert Anne Lauvergeon Chairman of Crédit Mutuel Arkéa Farmer, CEO of ALP Services of this vision and its implementation. AVRIL GESTION and Crédit Mutuel de Bretagne Member of the FOP Board and Chair of Sigfox “Avril’s agricultural links are not Integrated Annual Report Integrated only historic, they are very much A SHAREHOLDER FOUNDATION RECOGNISED current and increasing fast. Beyond 2020 AS BEING OF PUBLIC INTEREST our role as members of the Board - of Avril Gestion, we are four elected The Fondation Avril has the will to take action and agricultural representatives who get involved in rural areas in France and Africa, are also involved in the governance by pursuing missions of general interest. In France, of the sector, which allows us to the Fondation Avril supports the agricultural transition have a global vision of the agricultural towards models that create sustainable economic, world and its development issues: social and environmental value, and also works in the revenue, value creation, securing Michel Boucly Sylvie Rucar Yves Delaine regions to promote healthy and sustainable food outlets and environmental challenges. Former deputy CEO of the Avril Group Consultant Former deputy CEO of the Avril Group for all. In Africa, the Foundation wishes to contribute As representatives of the FOP, to its autonomy in proteins, which involves actively we are elected for three-year terms supporting the structuring of sectors and helping by our peers and as such remain agroecological initiatives promoting cultivated accountable to farmers for the interests biodiversity and soil conservation. Since 2015, it has that they entrust to us. Within Led by Arnaud Rousseau, a farmer from the economic world and two of supported 76 projects and donated more than Avril Gestion’s Board, we help define and Chairman of the FOP, the Board the Group’s former top executives. 5 million euros to associations. the major strategic orientations, of Avril Gestion appoints the CEO This diversity of profiles helps to sustain such as the decision to develop of Avril SCA and decides, based the Group’s strategic vision in the face vegetable proteins, and are guarantor on the CEO proposal, on the major of major challenges. To fulfil its mission, of their execution. These missions strategic and financial orientations, the Board relies on three specialised help to set the Avril Group apart, with before their implementation by committees dedicated to appointments, its stable governance that is connected the Executive Committee. It is made remuneration and the last one, created to the agricultural upstream and up of four farmers representing in 2020, audits and risks. driven by a vision of development of the FOP, three qualified personalities agriculture and the regions.”
1. French Federation of Oilseed and Protein Crop Producers. 2. Permanent Assembly of Chambers of Agriculture.
14 15 The Executive Committee
Jean-Philippe Puig Chief Executive Officer (CEO) of Avril SCA
Paul-Joël Derian Xavier Dorchies Vice-President for Innovation, Chief Operating Officer Sofiprotéol, Research and Sustainable Development Chief Strategy and Development Officer Avril
Employees at Saipol’s site in Grand-Couronne (Seine-Maritime) mobilised for Pink October campaign / Avril Pink Days.
“We are a collective Avril Olivier Delaméa Marie de la Roche Kerandraon Moussa Naciri General Manager of the Avril Vice-President for Human Resources General Manager of the Avril proud to work for Avril” Vegetal Business Line and Engagement Specialities Business Line MARIE DE LA ROCHE KERANDRAON Vice-President for Human Resources and Engagement Integrated Annual Report Integrated
How have Avril employees handled in the agrifood and agricultural sectors, The tailor-made model that we have 2020 this year of crisis? is proof that we are a proud collective defined gives us direction and a M. R. K.: 2020 was the year of the Avril working within Avril. We have also leadership ideal that we are working collective and the sense of belonging noted a greater homogeneity of results towards as a collective. It must to the same group became evident between professional categories, men become the foundation of our during this health crisis. The Group and women, and the young and old. farming identity. The four ingredients has worked hard to fulfil its mission: to of leadership by Avril – actor of feed people and animals. Salespeople How will Avril’s purpose engage the collective, actor of success, actor Antoine Prévost Christophe Le Bars Stéphane Yrlès even went to the factory to led a hand. its employees? of the future, responsible actor – Director of Operations General Manager of the Avril Livestock Secretary General Sectors Business Line Employees from all subsidiaries shared M. R. K.: Our purpose provides an resonate with the four dimensions many messages of support and answer to a question asked by Avril of our model. encouragement with teams mobilised employees during a previous survey: in the field. There was a genuine why does Avril exist, what is it for? demonstration of collective solidarity. It will allow them to easily express the uniqueness of the Avril model, You carried out an opinion poll at the its vision for the future and its course. end of 2020. What did you learn? It is the employees who speak to M. R. K.: Beyond the crisis, the the world, as a collective. It is also objective of this internal poll, which is an operative purpose which everyone in its 3rd edition, was to take the pulse can refer to in order to shed light of employee commitment to improve on their behaviour. Aymeric Mongeaud Appointed by the Board of Avril orientation committee, a careers HR policies. Chief Financial and Administrative Officer Gestion, Jean-Philippe Puig, CEO committee, a risk committee The results of the 2020 edition were You have also shared a leadership % of the Avril Group since 2012, and an investment committee. very promising. The sustainable model. What is its aim? 82 st leads an Executive Committee, On 1 January 2021, Antoine Prévost engagement rate is 82%, an increase M. R. K.: At Avril, we believe that THIS IS THE SUSTAINABLE the Group’s management body, joined the Executive Committee of eight points compared to 2017. leadership is not limited to managers ENGAGEMENT RATE which is supported by four as Director of Operations. This increase, which places us well and that everyone has the power to OF AVRIL EMPLOYEES specialised committees: a strategic above the average for companies positively influence their environment.
16 17 A strong international The international market has been a priority of Avril dynamic since 2015 and is a major growth lever in the context of the Avril 2023 Plan. The Group is pursuing its strategy of establishing sectors beyond its borders and conquering new markets for businesses such as oleochemicals and nutritional specialities for animals. At the beginning of 2021, Avril took a key step by entrusting its Moroccan , subsidiary, Lesieur Cristal, with the development of its consumer goods activities in Africa. Our ambition is to accelerate the Group’s internationalisation by meeting consumers’ essential needs on fast-growing markets. ALGERIA countries 19 ITALY In 2018, Avril built a condiment sauce 22 INDUSTRIAL SITES In 2018, Avril acquired the Italian oil brand Costa factory under the Lesieur brand with ABROAD d’Oro with a view to accelerating its international its distribution partner Djadi. In 2020, growth and establishing an olive oil sector in Lesieur reinforced its leading position the Mediterranean. Launched in France in 2019, on the Algerian mayonnaise market Costo d’Oro broke into the US market in 2020. with a 62% market share by value. The brand has also created an oil made exclusively from olives grown and pressed in Italy, and which are 100% traceable back to the mills. 46% OF REVENUE MOROCCO EARNED ABROAD
Avril is restructuring its shareholdings and Avril has entrusted Lesieur Cristal, its Moroccan subsidiary, with the development of its consumer activities – edible oils, margarine, soaps and condiments – in Africa. Already a leader in Morocco in the edible
Integrated Annual Report Integrated oils, condiments and soaps segments, Lesieur ROMANIA Cristal takes has taken control of Oleosen, a major player in edible oils in Sénégal, Avril is present throughout the plant-based 2020 and Cristal Tunisia, and has also been given sector in Romania, from the handling of oil the business licence for Lesieur and Puget seeds to the marketing of oils under the Bunica brands on the African continent. brand, which is well known amongst Romanian consumers. 2020 is the 6th year of uninterrupted growth for edible oils under the Bunica brand, which has increased its market share from 4% to 11% in six years in a very competitive market.
SENEGAL “ “ We will go from being an exporter We are going to invest in upstream In Lesieur Cristal’s African project, Sénégal to a continental player through agriculture to integrate Costa is a strategic location for distributing the Group’s brands in sub-Saharan Africa. our involvement throughout the value d’Oro into a sector project. BRAZIL In 2020, Avril also signed an exclusivity chain. We will focus primarily on The varieties chosen for planting agreement with the NMA (Nouvelle Minoterie the West African countries within will meet the conditions necessary Since the takeover of Salus in 2016, Avril has Africaine), a long-standing partner of Sanders the West African Economic and to guarantee the organoleptic successfully established itself in Brazil through and a leader in animal nutrition in Senegal and its range of nutritional specialities and services neighbouring countries, for its supply of animal Monetary Union (UEMOA) as well qualities of Italian olive oil. for livestock in a market which is the world specialities (protein concentrates, additives, as a few Central African countries Avril plays a key role in increasing no. 3 for animal productions and is experiencing etc.). The Group also provides consultancy and from our new Senegalese hub, our exports, which already strong growth. In 2020, the Group combined training in livestock performance. in particular by building the industrial represent 45% of our turnover. business growth and market share gains. capacities of the Dakar plant. ” ” Ivano Mocetti Samir Oudghiri Drissi CEO, Costa d’Oro CEO, Lesieur Cristal
18 19 20 Avril 2020 SOFIPROTÉOL 414 130 in data OTHER (HOLDING) NUMBER OF EMPLOYEES PER AREA AVRIL DEVELOPMENT
2,118 3,279 1,620 60 82 4TH AVRIL LIVESTOCK SECTORS AVRIL VEGETAL AVRIL SPECIALITIES industrial sites industrial sites French agrifood in France worldwide REVENUE group EBITDA Excluding eliminations (€640M)
€80.7M €93.2M € M SOFIPROTÉOL AVRIL VEGETAL 33 €3,770 M AND ITS SUBSIDIARIES SOFIPROTÉOL AND ITS AVRIL VEGETAL SUBSIDIARIES
€93M OTHER 46% 54% 58% 42% International France International France €42M Avril AVRIL DEVELOPMENT €5M Integrated Annual Report Integrated OTHER 2020 €257M Total investment in 2020 (day-to-day investments € M € M and investments in the € M € M € M 1,687 781 agricultural sectors) 2.4 21 40.7 AVRIL LIVESTOCK AVRIL SPECIALITIES AVRIL AVRIL LIVESTOCK AVRIL SPECIALITIES SECTORS DEVELOPMENT SECTORS
Our brands Avril Avril
and Development
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0 1 2 3 4 5 6 7 8 9 10 Avril Vegetal Avril subsidiaries Échelle 1/1 - Unité mm Avril Specialities Avril
Avril Livestock Sectors Livestock Avril Investments
20 21 3
A STRATEGY TO CREATE SUSTAINABLE VALUE
- In a time of unprecedented global crisis in public health and the economy, the second year of implementing the Avril 2023 plan has confirmed its relevance and our results are in line with our objectives. In the historical business of vegetable processing, the orientation towards more profitable and sustainable solutions with high added value, Avril such as Oleo100, is confirming its relevance. 2020 saw an acceleration in the growth Integrated Annual Report Integrated Value of vegetable proteins, as we cemented our
2020 partnership with the Dutch group DSM to build the world’s first rapeseed extraction plant for the food market. Beyond Avril 2023, the Group is preparing its future following a collective approach, with three parallel projects: commitments related to our purpose, business portfolio strategy, and innovation line and means. Our objective: to make Avril the leader in plant processing solutions for the food, environmental, and agricultural transitions. -
22 23 THE AVRIL 2023 ROADMAP COMPRISES AN ECONOMIC AND FINANCIAL PERFORMANCE SECTION AND A CSR The five pillars of Avril APPROACH NAMED SPRING. IT FITS the SPRING CSR approach IN WITH A LONG-TERM VISION BASED 2023 ON FOUR STRATEGIC PRIORITIES.
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Improving safety, gaining Accelerating and supporting in performance and restoring value all changes in the Group: cultural, SPRING: an action framework to commodity activities. economic and societal. that structures Avril’s CSR approach into five pillars and 14 themes covering our priority sustainable development challenges.
24 25 Our “ performance Our performance in 2020 demonstrated in 2020 the strength of the model through its two business lines, industrial and financial, but also its agility. ” Aymeric Mongeaud Avril achieved a solid performance in 2020. In a Chief Financial and Administrative Officer time of crisis for public health and the economy, it underlined the robustness of its model: a diverse range of activities, risk arbitrage between the various businesses, and complementarity between its two business lines, industrial and financial. €59M It also confirmed the dynamic of recovery that began three years ago, and the relevance of NET RESULT, GROUP SHARE the strategy introduced to return to profitability. (VS €35 M IN 2019) Avril
HEALTH AND SAFETY AT THE SOFIPROTÉOL’S EXCEPTIONAL In its industrial business line, Avril After a first half marked by a very EDIBLE OILS DRIVEN BY HEART OF PERFORMANCE CONTRIBUTION TO AVRIL’S performed slightly better than in 2019 sharp drop in fuel consumption SUPERMARKET SALES Integrated Annual Report Integrated - RESULTS in a year marked by a health crisis during the spring lockdown, biofuel € M At Avril, safety is the number one 243 that was unprecedented in terms of sales benefited from an improved Business grew even in the face of 2020 The Group ended the year with its scale, length and estimated impact regulatory context – limitation a health crisis that highlighted priority, driven by an ambition – EBITDA 2020 consolidated Ebitda of €243 M (+43% of €33 M on the Group. of palm and soybean ester imports – the essential nature of Avril’s mission. zero injuries – and an objective (+43% VS 2019) compared to 2019). Its subsidiary This result is due to a balance between and from the Group’s new offerings: Around 35 million meals that would for 2023: to reduce the number Sofiprotéol contributed more than a contrasting first and second half rapidly accelerating commercial otherwise have been bought out of of injuries by half in relation to 2018. a third of this result, in particular of the year for biofuels, and two growth of Oleo100, a renewable energy home were transferred to the home In 2020, employee health was our thanks to the sale of its stake in Ceva, opposing trends in food processing: made from 100% French rapeseed during the first lockdown, and French main concern during the pandemic. a French player in animal health the halt in out-of-home catering and intended for professional fleets, people bought more edible oil. Despite The protective measures that which is now one of the top 5 leaders (OOH), partly offset in some which passed the 200-customer mark a drop in volume in out-of-home we swiftly put in place enabled worldwide. As a long-standing investor subsidiaries by the increase in despite its development plan being catering, Lesieur had a good year. us to ensure business continuity. in Ceva alongside management, supermarket sales. slowed by the crisis, and the growth This performance is the result of the For a number of months, managing Sofiprotéol wanted to reinvest part in sales of highly sustainable speciality lockdown effect combined with all Covid-19 monopolised our everyday of its capital gain in the company biofuels (reduction in GHGs of more the brand relaunches carried out over activities and energy. But the new to support it over the long term. PLANT PROCESSING RETURNS than 70%) to Germany and the the last two years at Isio 4, Puget, health requirements have not caused 2020 was a year of record-breaking TO PROFITABILITY Scandinavian countries. The Group is Lesieur, and the launch of the Italian the Group to compromise on its safety commitments for the Avril also developing a new strategic driver: olive oil Costa d’Oro in France. As a ambitions. The objective for 2021 Investment Fund (€125 M), which Upstream of the sector, Avril Vegetal pre-treated oils intended for oil result, in the past year Lesieur has is to use all the tools made available enabled it to strengthen its strategy is driving the Group’s performance. industry customers for value-added been able to gain penetration, increase in the We Care plan, even more of supporting the sectors, from Saipol’s repositioning in speciality co-refining. its market share, and appear on the scrupulously, and to relaunch support upstream to downstream, particularly products with high added value is podium of companies with the best for manager action. We have set in the vegetable protein industry. starting to bear fruit. online growth, contributing to making a target of 50% of managers trained oil the big winner in the fats market. by the end of 2021 to ensure they behave with appropriate vigilance. Finally, the security of industrial assets will also be a priority in 2021 with an audit programme and a dedicated roadmap.
26 27 2020 Performances
€5M €80.7M SOFIPROTÉOL OTHER AND ITS SUBSIDIARIES
€2.4M AVRIL DEVELOPMENT
€21M €243M AVRIL LIVESTOCK Ebitda in 2020 SECTORS “ (up by 43%) Guaranteeing the safety of our industrial assets is among the responsibilities of Avril’s €40.7M management and a priority AVRIL SPECIALITIES €93.2M AVRIL VEGETAL for 2021.
Antoine” Prévost Director of Operations
Mériot site, Saipol
Internationally, Lesieur On the other hand, consumer markets once again had a very good year, disappeared. This was the case for to working with farmers to secure Integrated Annual Report Integrated mayonnaise in Algeria was very like cosmetics and food grew, but benefiting from strong Chinese production intended for out-of-home their end markets. € M successful (see story on p. 10), as did not enough to make up for the impact demand due to African swine fever catering, in particular duck meat and In this difficult climate, Matines is
2020 257 the Romanian brand Bunica. In of the recession. In this adverse and the development of the poultry broiler. Some sectors were affected continuing to adapt in order to regain INVESTED IN 2020 Morocco, Lesieur Cristal’s liquid soap environment, Oleon continued to sector. In Africa, ASA continued by the drop in festive gatherings. competitiveness and achieve its (VS €184 M IN 2019) production doubled in volume and operate its factories and stayed the with its market penetration by signing The effects of the Covid 19 commitment to 100% alternative eggs increased its profitability. In early 2021, course by developing innovative an exclusivity agreement with its pandemic were compounded by by 2025: industrial restructuring, Avril chose its Moroccan subsidiary solutions to fuel its specialisation Senegalese partner NMA. At the the consequences of bird flu, with specialisation and modernisation of in Africa to develop all of the seed strategy and be able to bounce back start of 2021, Avril finalised the sale massive culls in South-West France. packaging sites. and olive oil categories, margarine, as soon as the recovery began. of its biosecurity business (Theseo) An adverse economic climate, In contrast, our pork sector condiments and soaps. Aim: accelerate to the German chemicals group exacerbated at the end of the year overperformed, supported by the Group’s penetration in Africa. Lanxess. This decision will give Theseo by a scissor effect of falling animal exceptional sales throughout the value ANIMAL SPECIALITIES PERFORM the means to accelerate its growth product prices and a very big increase chain. Both internationally, where INTERNATIONALLY by joining an industry leader, and in raw materials, which has continued it benefited again this year from OLEOCHEMISTRY AFFECTED ASA the ability to develop faster and into 2021. the African swine fever effect that BY THE GLOBAL RECESSION In 2020, Avril Animal Specialities make the most of external growth In 2020, the performance gap between decimated Chinese pig stocks, (ASA) took up the challenge: it would opportunities by focusing on its core the eggs and pork businesses was and on the domestic market, where This activity was the hardest hit guarantee the food supply chain business. accentuated by the crisis. Despite pork gained an advantage due by the crisis in 2020, especially on despite the pandemic. In France (50% the additional temporary peak in to its affordability and increased the industrial goods markets like of the business), in a declining market purchases during the first lockdown, consumption in the home. automotive or oil & gas. As the due to the catering industry shutdown, VERY MIXED RESULTS FOR ANIMAL the eggs sector was hit hard. With automotive industry endured a 30% the stability in volume was offset by NUTRITION AND PRODUCTION the hotels and restaurants closed, fall, all suppliers were affected, leading an increase in the value of the offer egg-based products lost all of to a drop in orders for oleochemical and winning new customers. However, After a good year in 2019, the animal their end markets for several months. solutions for paints, lubricants, oils, the performance of the business nutrition business suffered in 2020 in This led to overproduction, although tyres, etc. was mainly driven by Brazil, which several ways. Some of its end markets the Group remained committed
28 29 “ Progress We are pleased to Distribution of the Avril’s Group GHGs have achieved our CSR (% of total emissions) of the SPRING objectives in this unusual approach year. Many thanks to the teams for their hard work. The main commitments 9.7 ± 0.6* that we have set ourselves MtCO2e with regard to our purpose will help us achieve our ambitions faster. ” 82% Purchases (including agricultural raw materials) Paul-Joël Derian 8% Upstream and downstream freight Vice-President for Innovation, Research 4% Financial contributions by Sofiprotéol 3% Energy and Sustainable Development 2% Use of sold products 1% Other *Taking uncertainties into account Avril
Every year, we rate the progress TWO DECISIVE STEPS comprehensive assessment of the more organic products, a seed supply PROMOTING INTERNAL SYNERGIES of SPRING, the CSR approach ON THE CSR ROADMAP greenhouse gas emissions associated of French origin and 100% recycled STAKEHOLDERS COMMITTEE: A WIDE VARIETY OF PROFILES accompanying the Avril 2023 with its activities. Typically of agro- bottles for all Lesieur brand products. In order to pursue its ambitious - Integrated Annual Report Integrated strategic plan. In its second 2020 was a year of acceleration, industrial groups, the result confirms Lesieur also signed up to the Pact objectives in employing and retaining with the launch of two new CSR that most of Avril’s emissions, i.e. initiated by Too Good to Go with staff with disabilities, Avril has Sébastien Abis, year of implementation, SPRING projects: the effective implementation more than 80% of the total, are linked the aim of reducing food waste. relaunched its Disability mission. Director of Club Demeter 2020 is on track to meet its target of the Stakeholder Committee to the purchase of agricultural raw Avril Livestock Sectors (AFE) is also The Group was involved during Yuna Chiffoleau, of increasing by one point and the Group’s first complete carbon materials (see infographic). Avril’s committed to formalising a global European Disability Employment Research Director at INRAE per year to reach 5 out of 5 footprint assessment. Energy Department is adopting a new CSR policy with a first step taken Week (EDEW), which took place from by 2023. This index summarises Created at the end of 2019, the roadmap in 2021 to accelerate this year: a materiality analysis 16 to 22 November 2020. The aim: to Laure Cucuron, the 25 indicators that show Stakeholders Committee, which brings the Group’s energy transition and carried out with some fifty people raise employee awareness of invisible General Manager Europe Terra Cycle Avril’s progress on its priority together experts from a wide range reduce its direct emissions. representing all dimensions of the AFE disabilities. Avril has also carried Céline Imart, sustainable development of backgrounds (see box), is a key In addition, increased purchasing of ecosystem in order to prioritise out a diagnosis with the Association Field crop farmer in Tarn, France element of the dialogue mechanism seeds offering a large GHG reduction the subjects of the future roadmap. de gestion du Fonds pour l’insertion challenges. Jacques Kheliff, set up by Avril and a strong signal via the OleoZE platform will eventually Six of the Group’s entities are professionnelle des personnes Freelance consultant, Chair of the of its desire to be open. Its advisory be a key lever for reducing emissions now assessed by the EcoVadis CSR handicapées (Agefiph) in order to take Stakeholder Committee role is to help the Group anticipate from agricultural production. rating platform, including a new one action specific to the problems of new challenges and develop in 2020: Kerfoot, which reached each business line, from 2021 onwards. Laïla Mamou, dialogue with society, challenging Silver level. Oleon reached Platinum In 2020, despite the wider context, Avril Director of Subsidiaries and Affiliates, Crédit Agricole Consumer Finance it to strengthen its responsible A ROLLOUT INITIATED level, a new rank in the EcoVadis persisted with the challenge and hosted business practices. The committee IN ALL THE ENTITIES system for assessing the best- a 100% digital edition of its annual Bruno Rebelle, met three times in 2020, the topic performing companies in CSR (top 1%). “Nourrir la vie” meeting. This approach CEO of Transitions, sustainable of Avril’s purpose was the common We continued to deploy the SPRING This recognition pays tribute to the aims to create synergies so that good development consultancy thread of the discussions. It was approach in the Group’s various significant progress made by Avril’s practices are reproduced throughout Bastien Sachet, mobilised to test new ideas, as a think business lines in 2020. Lesieur subsidiary in integrating CSR into the Group. Out of 115 entries presenting CEO of the NGO Earthworm tank to work on the post-health renewed its CSR commitments its business practices: buyers now have initiatives and projects that have Foundation crisis era and in consulting mode to with an action plan accompanied specific objectives for sustainable proved their worth, a panel chose Sébastien Windsor, formulate opinions on current projects. by a national campaign launched purchasing. Finally, Oleon is extending 24 winners who are all sources of Farmer in Seine-Maritime and Chairman Another step forward in 2020 was in September, bearing the message: its direct support to palm sector inspiration for Avril employees, of the Chambers of Agriculture 2.1 the Group’s decarbonisation “Nobody’s interested in seed oils. processing projects in Indonesia and in line with the Group’s strategic and strategy, which resulted in the first Except us.” Objectives for 2023: Central America. sustainable development priorities. THAT’S THE SPRING SCORE AT THE END OF 2020
30 31 2020 Integrated Annual Report for value sharing An original model € in consolidated 5,766M spent onpurchasing revenue € spent onother € raw materials 4,307M purchases 820M upstream to its suppliers revenue goes back Nearly 89% ofAvril’s
Suppliers Suppliers € of addedvalue 639M created 32
Dividends paid to the Group’s financial financial Group’s tothe paid Dividends partners throughpartners obligation statutory
Distribution of added value to stakeholders created by Avril isused for employees’ wages More thantwo-thirds of theadded value for anexceptional donation response to theCovid-19 shareholders (dividends) flows after distribution for theFondation Avril for publicauthorities by Lesieur Cristal in €111M ofavailable (remuneration) of added value for employees health crisis for minority for banks (wages) (taxes) 10.7 0.8 69.1 0.4 0.4 1.2 17
% % % % % % %
closely linked to thepurchase of its suppliers. Thisproportion isvery revenue goes back upstream to • Thevast majority(89%) ofAvril’s distinguishing features oftheGroup: This diagram highlights some stakeholders. showing financial flows tothe various Each year, Avril publishesadiagram investment capacity € 111M Distribution offinancialflows generated by Avrilin 2020 requirement net funding injection € on sales € capital grants € € gains 146M 22M 2M 6M
minority shareholders oftheGroup. paid to financialpartners, whichare • Avril pays smalldividends.They are is used for employees wages. of the added value created by Avril • More thantwo-thirds (69%) creates jobsintheregions. agricultural raw materials, which the equivalent of Avril reinvests value created half of added from investments € available flows 33 287M investments intheSofiprotéol sector. to-day investments (CAPEX) and value created, whichincludesday- equivalent ofhalf(45%) oftheadded • Finally, theGroup reinvests the (including Sofiprotéol (external growth) in investments in acquisitions in day-to-day investments) in the sector investments € € € 132 M 125M 30M
Avril Financial information
Selected financial information Main industrial products (in million euros) (in thousands of tonnes sold)
Revenue Ebitda 2019 2020 2019 2020 2019 2020 PLANT-BASED SECTORS
Sofiprotéol and its subsidiaries 29 33 9.6 80.7 Crushed seeds (including custom crushing) 3,352 3,279 (in thousands of tonnes of seeds used) Avril Vegetal 3,797 3,770 59.8 93.2 Packaged seed oils 556 555 Avril Specialities 811 781 65.2 40.7 Packaged olive oils 69 63 Avril Livestock Sectors 1,709 1,687 24.8 21.0 Condiment sauces 32 37 Avril Development 46 42 3.1 2.4 Oilseed meals (including custom crushing) 1,956 1,957 Other 93 93 7.3 5.0 Biodiesel 1,634 1,439 Eliminations (644) (640) _ _ Oleochemical products 531 501 Group Total 5,841 5,766 169.8 243.0 Soaps 45 45 ANIMAL SECTORS
Animal feed (excluding premix and basemix, Avril 2,783 2,897 excluding intra-group consumption) Pigs slaughtered 121 123
Number of eggs (shell eggs and egg products) 2,090 1,903 (in millions of eggs equivalent sold) Integrated Annual Report Integrated Premixes and basemixes 62 53 2020
Group 2019 Group 2020 Sofiprotéol commitments (in million euros) Pro forma consolidated net income, Group share 35 59
Equity 1,673 1,714 2019 2020 Upstream: plant-based sectors 38.0 36.5 Gross investments 184 257 Upstream: Animal production 59.3 93.7 Of which industrial investments, vegetable sectors 54 64 Food processing, and intermediate products 101.0 90.9 Of which industrial investments, animal sectors 35 47 Consumer food products 66.7 94.2
Of which Group information system 8 6 Sustainable innovations, investment fund, miscellaneous 29.7 35.9 Private debt fund 18.0 24.1 Of which other investments (R&D, real estate, etc.) 4 15 Total commitments 312.6 375.3 Of which finance and development company 83 125
34 35 Key indicators
of the SPRING tments Numbe Inves r of d éol p S este (Soprot rojects hare inv p of unt r mitments) contribut alm Gro mo yea com ing oil s up approach A ach eed to agric c upp e s s ult o al ctor in ural vere lies Sh ion se l ies tra su d b ar at in tota compan nsition sta y u e o n an ual inab se f of e nn 19) rking support sc ilit d f so e op (a 20 wo ed hem y f o yb ar ur n) rom s es ee r a e Every year, we measure the progress h E eo s s f n varietie by the fro d ni an The 17 Sustainable Development S or l ial a o m co m ( r O er pted Avril G s n m al fo at by ada roup up on in Goals (SDGs) were defined by of SPRING, our CSR approach which m d p -G g w se climate o ly M N a es il to r ch O u r c vr co a of m the United Nations in 2015 as part is integrated with the Avril 2023 ks ro A change b ve in w p n es p e p y r s i r b li e th u R ed th o e of the 2030 Agenda, an ambitious f y re ro c TR a d d r strategic plan. o lo u G re S li nd r u t p lt di nk a c n u ts e re w t global programme for progress. e m c d c a In its second year of implementation, e ri a ls m l g s to l S e ri a a ls h Given our activities, and in particular c v fe f a r t o r SPRING achieved a score of 2.1, o A m y o e f a d o because of our food production, n n e f o i e r c p f e e t o e a result in line with our target s r r r t R w p g t o u the energy performance challenges t i d r e u o a u n f r n e of increasing by one point per b d o i c o of our sites and the innovative n t r u c d t v a e p s ( a s e g u o a B r r r b s year to reach 5 out of 5 by 2023. r g IO solutions proposed to replace a ( p a le U o n ) T A s This index summarises the e ic L fossil resources, Avril contributes 0 * 3 B ) s e 4 v 2 2 a r b e e to the achievement of 11 SDGs. 25 indicators that show Avril’s 0 c i l o d s 2 b h o t 5 y d i u i 1 e c f r i progress with its priority sustainable s f e S e v G i VA o t L e i f R s v U f a U s o E H O e i e d o ” s p n i r l G development challenges. s 6 l e o b n s e d n l o y o i AIN i H S t C i c v t i e l e s d a n 5 s
z u 2 e i l n m 7 c a I ( o n g m i S A O n L v r R L m o I a o e P d l c O C i c U m n s o o l e t w i S p t k i f v m i r R v m & e t r h 8 p e i v R v m o d t o p e l e r i A o t e a E P o s e n S g t é “ p P o s e n t t e n o e m D E R i s t t a e l 4 t i I a s R n h r L e s L R ) 2 O b e s n e U l L e t O R V * D
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For more information on the Avril Group’s CSR indicators, refer to our 2020 Declaration of extra-financial performance available at groupeavril.com
36 37 HR ACTION IN FAVOUR OUR VALUE MODEL OF A COLLECTIVE PROJECT • Safety: 2023 target of halving the number of injured persons vs 2018. 2,843 hours of safety training even during health crisis • Commitment: 82% (+8 pts vs 2017) • Development: doubling of internal transfers and + 62% increase in career reviews conducted in 2020 vs 2019 • Agreement allowing 2 days remote 1 working a week - OUR HUMAN RESOURCES Animal nutrition • 7,600 employees and expertise STRONG REGIONAL ROOTS • women make up 30% of - Preparing the future IN FRANCE AND ABROAD our total staff • Sector-based organisation in France, Romania, Morocco and Tunisia • 20,000 direct and indirect jobs TO CREATE in the biodiesel sector1 OUR UPSTREAM AGRICULTURAL - PARTNERS • 45,000 direct and indirect jobs SUSTAINABLE • 100,000 oilseed and protein crop - related to the activities of Avril Livestock Sectors2 VALUE IN THE OILS AND producers in France Renewable PROTEINS SECTORS • 26,000 partner livestock farmers chemistry - in Avril Livestock Sectors - 2 A RESULT BENEFITING TO A UNIQUE MODEL OUR FINANCIAL • 2 business lines (industrial RESOURCES and financial) contributing • €1,714 M in equity Developing specialities €162 M and €81 M respectively SERVE • €375 M in Sofiprotéol - to the Group’s Ebitda commitments Investments • Reinvestment of 45% of added THE EARTH - value created
• 0.4% of added value created is Avril destined for the Fondation Avril OUR INDUSTRIAL ACTIVITIES • 82 industrial sites worldwide • 3.3 Mt of grain crushed (rapeseed, Integrated Annual Report Integrated sunflower, soybean) - 3 PROTECTION OF OUR ENVIRONMENT TO CONTRIBUTE • around 90% renewable materials Human (vegetable oils and animal fats) AND RESOURCES 2020 - foods • Reduction of GHGs in biodiesel TO BETTER FOODS used in oleochemistry - marketed by Saipol compared FOR HUMANS Reducing exposure to fossil fuel diesel: 60.1% AND PRESERVATION to risk • Biosourced oleochemical OF THE PLANET products (replacing petroleum- - based products): 501 kt OUR INTELLECTUAL CAPITAL: • Proportion of renewable energy BRANDS AND INNOVATION - in total energy consumption: 26% • Strong areas for innovation: Renewable proteins, foods, new energies, energies biotechnologies, etc. - • More than 350 patents and filings ongoing 4 INNOVATION, A FORCE FOR VALUE CREATION AND TRANSFORMATION • 1/3 of growth in Ebitda between 2019 and 2023 will be related to innovation projects as part of the Avril 2023 Pursuing strategic plan our transformation
OUR PURPOSE OUR MISSION OUR RESOURCES OUR ACTIVITIES OUR AVRIL 2023 STRATEGY VALUE CREATED
1. Study by PricewaterhouseCoopers (PwC) – 2013. 2. Internal estimate based on production by Sanders’ partner livestock farmers and data from the study “Les emplois liés à l’élevage français (GIS Élevages Demain 2015)”.
38 39