2019 AT A GLANCE MA KING PROGRESS BECOME REALITY The Group’s aim is to make life better for as many people as possible every day. It is the Bouygues group’s firmly-held belief that meeting essential day-to-day needs with an ethical and a responsible attitude helps to drive improvement “Moving for society as a whole. Drawing on the skills of its people and the range of its activities, the Group forward on firm provides innovative solutions that meet essential needs for housing, foundations” transportation, communication, information and entertainment. he Group’s businesses continue to grow, Among its various commitments, Bouygues has shaped by the four major underlying trends made gender balance a priority. As well as being fair, Tof population growth and urbanisation, climate which is essential, we believe that having a more change, digital and technological transformation representative workforce is an effective driver and changing user behaviour. In a context that offers of the Group’s performance and helps to accelerate a wealth of new opportunities, our aim is to create its transformation. Our aim is that the proportion and share value with and for our stakeholders. of women with manager status and the proportion All of our business segments are able to drive growth of women with staff status in the Group should Contents because they meet essential and constantly changing ultimately be the same. needs for housing, transportation, communication, Lastly, with more and more students experiencing PROFILE information and entertainment. The diversity of financial insecurity, we have increased the number 2 Bouygues today our businesses, combined with a stable ownership of Francis Bouygues Foundation grant-holders structure and a robust financial situation, mean that from 60 to 100. A total of 889 students to date have 16 CONSTRUCTION BUSINESSES we can roll out our strategy over the long term. benefited from the Foundation’s grants and from Solutions to make life better Our strengths enable us to meet the environmental mentoring by employees and former grant-holders, and societal challenges we face. which gives me great satisfaction. MEDIA 24 Positively inspiring society As in previous years, 2019 showed that we continue I would like to thank all our employees for their to move forward. The Group improved its results, commitment, and our customers and shareholders TELECOMS the construction businesses boosted their performance for their confidence. 28 Bringing people together more easily and TF1 maintained a high audience share among key targets, while Bouygues Telecom’s differentiation Martin Bouygues strategy continued to bear fruit, underpinned by the Chairman and CEO quality of its mobile and fixed networks. In September, the Group sold 13% of Alstom’s capital at a favourable moment. Retaining a 14.7% stake, Bouygues continues to be the largest shareholder of Alstom, a pioneer of sustainable and smart mobility. 20 February 2020 Cover: Bouygues was awarded Top Employer France Designed by IF Architectes, Founded the 152-metre Alto office tower certification for all its activities for the third year in in the heart of La Défense business succession, proof of its commitment and the quality 1952 district near Paris offers a high level of its human resources policy. It also features in four of energy efficiency. highly selective international socially responsible Headcount This page: investment indices. A bird’s-eye view of O’mega1, 130,500 France’s first floating solar farm, at Piolenc in the south of the country. The largest in Europe, it will provide Worldwide presence power to the town’s 4,700 or so households. 92 countries PROFILE BOUYGUES TODAY Founded in 1952 and present in over 90 countries, Bouygues is a diversified services group that operates on growth markets. The offshore extension in Monaco currently under construction is an eco-design project that boasts environment-friendly features and artificial reefs 2 • BOUYGUES • 2019 AT A GLANCE BOUYGUES • 2019 AT A GLANCE • 3 Profile Challenges and opportunities Our pledges The fundamentals of our culture Our strengths People are our Group’s most important resource. Sharing the Founded on that culture, the Bouygues group’s fundamentals of our culture encourages their commitment and five business segments – Bouygues Construction, ensures a common ethical attitude. Their mindset and their skills Bouygues Immobilier, Colas, TF1 Promote each are sources of success and progress. and Bouygues Telecom – share four strengths. employee's career POPULATION GROWTH CLIMATE development AND URBANISATION CHANGE • 130,500 DEDICATED EMPLOYEES Growing needs for Demand for low-carbon infrastructure, renovation solutions based on Develop sustainable and mobility while preserving the circular economy a, solutions with and • TIGHT CONTROL quality of life combining energy efficiency for our customers OVER THE VALUE CHAIN and biodiversity • HIGH VALUE-ADDED Simplify everyday life PRODUCTS AND SERVICES Respect Imparting expertise • A SELECTIVE LONG-TERM PRESENCE WORLDWIDE DIGITAL AND CHANGING TECHNOLOGICAL USER BEHAVIOUR Help build harmonious TRANSFORMATION A need for scalable communities Demand for real-time services and flexible solutions that and resources that make can be personalised, shared life at work and in the home and enjoyed with others easier FIND OUT MORE Trust Creativity 2019 Integrated Report Our growth strategy Our strategic aim is to create value over the long term The combination of these two features enables Bouygues and share it with our stakeholders b. In order to do this, to generate recurrent free cash flow. This creates value A STABLE OWNERSHIP OWNERSHIP STRUCTURE we draw on a stable ownership structure and have which can be reinvested to grow the Group and shared at 31 December 2019 defined a strategic framework within which our five with our stakeholders. STRUCTURE THAT SECURES business segments (Bouygues Construction, THE LONG-TERM VISION Bouygues Immobilier, Colas, TF1 and Bouygues Telecom) Main shareholders Voting rights roll out their operational strategies. A ROBUST FINANCIAL SITUATION The Group’s core shareholders are: We also strive to maintain a robust financial situation • SCDM, a company controlled 379,828,120 shares 509,048,266 voting rights SPECIFIC CHOICES in order to ensure our independence and preserve by Martin and Olivier Bouygues; our business model over time. For example, • its employees, through several 36.5% 21.2% Our businesses generate growth because they all satisfy our construction businesses tie up a small amount dedicated mutual funds. 27.2% 29.2% constantly evolving needs for housing, transportation, of capital and generate a high level of cash. communication, information and entertainment. Their With 51,800 employees owning shares diversity helps to cushion the effects of the downturns The stability of our ownership structure means that we can in the Group at 31 December 2019, that some of them may experience from time to time. roll out our strategy over the long term (see facing page). Bouygues is the CAC 40 company 19.3% with the highest level of employee 18% share ownership. A €150-million 25.6% nominal-and-premium capital increase 23% reserved for employees (called “Bouygues Confiance no. 11”) was SCDM a carried out at the end of 2019. Employees Other French shareholders (a) According to Ademe, the French Environment and Energy Management Agency, the circular economy can be defined as an economic system for exchange (a) A company controlled and production which, at every stage of the product lifecycle (goods or services), seeks to use resources more efficiently and reduce environmental impacts Foreign shareholders by Martin and Olivier Bouygues. while enhancing quality of life. (b) Customers, users, employees, the financial community, suppliers, subcontractors and civil society. 4 • BOUYGUES • 2019 AT A GLANCE BOUYGUES • 2019 AT A GLANCE • 5 Profile The “ABC” demonstrator in Grenoble, a showcase for A CLOSER LOOK AT OUR PLEDGES sustainable, self-sufficient, high social-value housing The Bouygues group signed up to four pledges in 2019 in order to address its main CSR challenges, underpin its long-term strategy and support its transformation. PROMOTE EACH DEVELOP SUSTAINABLE EMPLOYEE’S CAREER SOLUTIONS WITH DEVELOPMENT AND FOR CUSTOMERS People are the Bouygues group’s most important Respect for the environment is crucial for us resource and their dedication is what drives to carry out our mission. Our pledge is expressed our performance. We promote this by making in the construction of energy-efficient homes and it a priority to encourage them in their careers positive-energy buildings, the choice of innovative One of the Group’s aims is to and value everyone’s contribution, regardless and environment-friendly materials such as timber, increase the number of women of background, education or profession. our adoption of the circular economy and our emphasis at all levels of the company on biodiversity. Staying connected Errahman Gourari, with family and friends a star alumnus of the Francis Bouygues Foundation, now runs his own business in Paris SIMPLIFY HELP BUILD HARMONIOUS EVERYDAY LIFE COMMUNITIES Our aim is to improve the lives of customers Modern society is becoming more and more and users. All our products and services are collaborative, driven by the development designed to make everyday life easier and more of new technologies. At the local level, people enjoyable, whether at home, neighbourhood are increasingly wanting closer