BOLLORÉ Board of Directors As of March 23, 2017 Vincent Bolloré Chairman and Chief Executive Officer Cyrille Bolloré Deputy Chief Executive Officer, Vice-Chairman and Managing Director Yannick Bolloré Vice-Chairman Cédric de Bailliencourt Vice-Chairman Gilles Alix Representative of Bolloré Participations, Chief Executive Officer of the Bolloré Group Chantal Bolloré Marie Bolloré Sébastien Bolloré Valérie Coscas Marie-Annick Darmaillac Representative of Financière V Hubert Fabri Janine Goalabré Representative of Omnium Bolloré Dominique Hériard-Dubreuil Céline Merle-Béral Alexandre Picciotto Olivier Roussel Martine Studer François Thomazeau Financial information Emmanuel Fossorier Xavier Le Roy Director of Financial Communications Director of Investor Relations Tel.: +33 (0)1 46 96 47 85 Tel.: +33 (0)1 46 96 47 85 Fax: +33 (0)1 46 96 42 38 Fax: +33 (0)1 46 96 42 38 REGISTRATION DOCUMENT 2016 01 02 — Group profile 04 — Message from the Chairman 06 — Key figures 08 — Economic organizational chart 09 — Stock exchange data 10 — Our locations 13 — Transportation and logistics 21 — Communications 29 — Electricity storage and solutions 37 — Other assets 41 — Corporate Social Responsibility 45 — Annual financial report 02 Group BOLLORÉ Profile Founded in 1822, the Bolloré Group is among the 500 largest companies in the world. Publicly traded, it is still majority controlled by the Bolloré family. The stability of its shareholder base enables it to follow a long-term investment policy. Thanks to its diversification strategy based on innovation and international development, it today holds strong positions in its three businesses: transportation and logistics, communications, and electricity storage solutions. — Over 59,000 employees Turnover of 10.1 billion euros in 143 countries in 2016 Net income Shareholders’ equity of 588 million euros of 10.3 billion euros REGISTRATION DOCUMENT 2016 03 Transportation Communications Electricity storage and logistics and solutions Bolloré Transport & Logistics The Bolloré Group’s Building on its position is one of the world’s leading Communications division as a global leader in films transportation groups with includes Havas, one of the for capacitors, the Bolloré nearly 36,000 employees world’s leading advertising Group made electricity spread among 105 countries and communications storage a major priority throughout Europe, Asia, consultancy groups. for development. It has the Americas and Africa At December 31, 2016, it held developed a unique where it carries out its 60% of the share capital of technology in the form business activities in ports, Havas. It also owns the free of Lithium Metal Polymer freight forwarding and daily French newspaper (LMP®) batteries, produced railroads. It is also a major CNews Matin and a stake by its Blue Solutions player in oil logistics in Gaumont. The Group is subsidiary. Using this in France and in Europe. — also present in the telecoms technology, the Group sector. has diversified into mobile Lastly, in October 2016, applications (car-sharing it strengthened its stake in systems and electric cars, Vivendi and crossed the buses and trams) and 20% threshold in capital and battery-driven stationary voting rights. From this date, applications, as well as this stake is accounted for systems for managing under the equity method these applications (IER, in the Bolloré financial Polyconseil). — statements. — Other assets Alongside its three main business lines, the Bolloré Group manages a portfolio of shareholdings standing at more than 4.5 billion euros at end-2016. Its main investment is Vivendi, which represented 3.6 billion euros at December 31, 2016. — Message from the Chairman, BOLLORÉ 04 Vincent Bolloré Despite a depressed international environment for the transport and logistics segment, particularly in Africa, the Bolloré Group was able to continue, in 2016, to invest in port terminals and electricity storage. The Communications segment had a good 2016, with solid performance by Havas. Turnover for the year stood at 10.1 billion euros, down by 5% at constant scope and exchange rates, due to the drop in freight forwarding rates and raw materials’ prices which affected the Transport and logistics businesses. Operating income stood at 627 million euros, down by 11% compared with fiscal year 2015, due to the decline in operating income of the Transportation and logistics business and the increase in expenses in the Electricity storage business. — expertise of 36,000 employees located across a hundred countries. Today, Bolloré Transport & Logistics is one of In 2016, Bolloré Transport & Logistics achieved turnover the five largest logistics companies in Europe, the tenth of 7.4 billion euros, a decline of 10% (8.3 billion euros in largest in the world and a major transport group in Africa 2015) and operating income of 545 million euros, down by where it operates 18 port concessions. Income from the 10%. The good performance of freight forwarding in Communications businesses was driven by the strong per- Europe, Asia and the United States, and the majority of formance of Havas, which achieved turnover of 2.3 billion port terminals in Africa did not offset the decline in oper- euros (+3%) and operating income of 297 million euros, and ating income from logistics and rail in Africa, following the by the Media division. Earnings for the year also include a fall in oil and raw materials’ prices and a serious rail acci- share of Vivendi’s net income of 16 million euros as of dent in Cameroon. October 7, 2016, the date from which the company was In 2016, Bolloré Energy achieved turnover of 1.9 billion consolidated by the equity method. Following the increase euros, a drop of 12% against a backdrop of falling petroleum in the Vivendi stake in October 2016, through the early prices and volumes. Despite weaker turnover, operating unwinding and cash settlement of the hedging and financ- income in 2016 showed strong growth (+47%) thanks to ing transactions on 2.6% of the share capital, borrowing positive storage effects and the good performance of the 34.7 million shares (2.7% of the share capital) and purchas- distribution business in France and Germany as well as the ing call options exercisable at any time on 34.7 million logistics business in France (SFDM). Works to upgrade the shares (2.7% of the share capital), the Bolloré Group Petit-Couronne depot facilities, acquired in 2015, continued. crossed the 20% threshold of capital and voting rights. Since 2016, the Group’s Transportation and logistics busi- Taking into account the double voting rights, the Group nesses, operating in the port, rail, freight forwarding and exceeded 25% of the voting rights in March 2017 and will oil logistics segments, are now combined under a single hold by the end of April 2017 approximately 29% of the brand, Bolloré Transport & Logistics, which relies on the Vivendi voting rights. It became the reference shareholder REGISTRATION DOCUMENT 2016 05 of Vivendi, the world leader in music with Universal Music shares at 17 euros per share. To this end, a proposed tender Group, one of the leading television groups with the Canal+ offer will be filed with the French Financial Markets group and video games with Gameloft, whose goal is to Authority (AMF) before the end of the first half of 2017. create one of the leading European groups in communica- Shareholders who decide to support Blue Solutions in its tions and media. future capital expenditure plans will at a later date have an The electricity storage business saw its turnover grow 17% exit guarantee under the same terms and conditions fol- totaling 310 million euros in 2016. Growth was driven by lowing the publication of the 2019 financial statements. the dedicated terminals business, vehicle sales (particularly The Bolloré Group, which celebrated its 195th anniversary the E-Mehari) and Bluebus as well as by the steady growth at the beginning of the year, will continue its capital in car-sharing. The car-sharing fleet totaled nearly expenditure in the three main business segments, 4,900 electric vehicles at the end of 2016 (4,300 in 2015) Transportation and logistics, Communications and media with around 6 million leases. and Electricity storage. We are fortunate that our share However, 2016 presented a contrast for Blue Solutions, relies on capital majority controlled by the family, which whose turnover of 109.3 million euros (121.9 million euros enables us to follow a reasonable financial policy while in 2015) dropped by 10%. The sustained level of activity in investing for the long term. The Group will continue its mobility applications (Bluebus, E-Mehari) failed to com- hallmark entrepreneurship. We will build this on the basis pensate for the delay in sales in stationary electricity stor- of a vision, because through that we can create both value age and the slowdown in deliveries for car-sharing and jobs. This is what we have always done and will con- reflecting the longer life of batteries installed in the exist- tinue to do, concretely and with determination. — ing vehicle fleet. New developments and the commercial success of Blue Solutions in mobility applications also marked the year with the delivery of the first 12-meter long Bluebuses to the RATP in Paris; the successful marketing of the E-Mehari developed with the PSA Peugeot Citroën group, and winning international calls for tenders in Singapore and Los Angeles to set up electric vehicle car-sharing ser- vices. These successes reflect the Group’s proven expertise in mobility