Transdev Group Contents Management report Board of directors’ management report on the 2019 consolidated and statutory financial statement ............................................page 3 Consolidated financial statements Consolidated financial statements as of December 31, 2019..........page 61 Statutory auditors’ report..............................................page 116 Statutory financial statements Statutory financial statements as of December 31, 2019 .............page 119 Statutory auditors’ report..............................................page 137 Management report Transdev Group S.A. Board of directors’ management report on the 2019 consolidated and statutory financial statements to the ordinary general meeting Contents Management report on the consolidated financial statements . .6 Key figures – consolidated financial statements . .6 Group key figures . .6 Group performance in 2019 . .6 Foreseeable trends and outlook . .7 Recent developments and subsequent events . .7 Research and development . .8 Key factors . .8 Management report on the statutory financial statements . .9 Key figures - statutory financial statements . .9 Business activities of the company . .9 Foreseeable trends and outlook . .9 New investments and disposals during the fiscal year . .9 Existing branches . .9 Post-closing events . .9 Research and development activities . .9 Miscellaneous information . .9 Report on corporate governance . .10 Employee shareholding . .15 Directors’ fees . .16 Statement of non-financial performance . .16 Vigilance plan . .16 Propose appropriation of income 2019 . .16 Amount of loans granted by the company that are ancillary to its main business . .16 Information on Transdev Group SA payment periods . .16 Annexe 1 - Results (and other key figures) of the company during the last five fiscal years . .17 Annexe 2 - Statement of non-financial performance . .19 1. Transdev, a leading group offering sustainable mobility . .19 2. Transdev, a group that actively fulfills its social responsibilities . .27 3. Transdev, a group committed.