Sodexo Group Presentation · SODEXO AT A GLANCE SODEXO: KEY FACTS €19.8 bn Revenues 420,000...

Sodexo Group Presentation

July, 2016

AGENDA

1. SODEXO AT A GLANCE

2. Q3 FISCAL 2016 REVENUES

3. FISCAL 2015 SOLID FINANCIAL PERFORMANCE

4. OUTLOOK

5. SHAREHOLDERS & INVESTOR RELATIONS

6. SHARE PERFORMANCE

7. APPENDICES

2 – Sodexo Overview, July 2016

SODEXO AT A GLANCE


SODEXO AT A GLANCE

SODEXO: KEY FACTS

€19.8 bn Revenues

420,000 employees

19thlargest employer worldwide

75 million consumers served daily

32,200 sites

80 countries

€15.6 bn Market capitalization (July 16)

Strong Investment Grade Rating

S&P A-

� Founded in 1966 by Pierre Bellon

� Main Shareholders as 31/08/2015 :

Bellon S.A, 37.7% (53% of voting rights)

International Institutional investors, 41.9%

Sodexo Overview, July 20164 –

SODEXO AT A GLANCE

OUR MAJOR STRENGTHS

5 –

IndependenceSignificant

marketpotential

A unique range of Quality of Life Servicesparticularly well aligned

with evolving client demand

A global network covering

80 countries

Undisputed leadership in developingeconomies

A robust financial modelthat allows Sodexo to self-finance its

development

A strong culture and engaged

teams

Sodexo Overview, July 2016

SODEXO AT A GLANCE

WORLD LEADER IN QUALITY OF LIFE SERVICES

ON-SITE SERVICES

PERSONAL AND HOME SERVICES

BENEFITS AND REWARDS SERVICES

8 client segments: 5 service categories: 3 service categories:

page 6

� Corporate� Remote Sites� Defense� Justice� Sports & Leisure� Health Care� Seniors� Education

� Employee Benefits� Incentives and

Recognition� Public Benefits� Gift� Expense

Management

� Childcare� In-Home Senior

Care� Concierge services

An unrivaled array of services through 3 activities:


SODEXO AT A GLANCE

INTEGRATED QUALITY OF LIFE SERVICES OFFER


21%6%

18%4%4%4%

9%30%

United Kingdom and Ireland

10%

North America

41%

Continental Europe

31%

SODEXO AT A GLANCE

FISCAL 2015 REVENUE distribution

8 –

Benefits and Rewards Services Issue volume of €16.4 billion

4%

Rest of the World

18%

Revenue by activity and client segment

Distribution by geographic region

On-site Services 96%

Corporate

Defense

Justice Services

Remote Sites

Health Care

Seniors

Education

Sports and Leisure


SODEXO AT A GLANCE

SODEXO’S VALUE PROPOSITION

Increase peoplesatisfaction, motivation

and effectiveness

Enhance processesquality, efficiency and productivity

Improve infrastructureand equipment utilization,

reliability and safety

To deliver � Enhanced Quality of life to client employees� Support for client development and achievement of o bjectives

DESIGN MANAGE DELIVER

… adapted to client priorities :

� Maximizing value added with a unique and differentiating offer…


SODEXO AT A GLANCE

KEY GROWTH DRIVERS

OVERALL SEGMENT SPECIFIC

� A global economy in which capital, information, talents and trade are continuously interconnected

� Rapid urbanization and development of megacities

� Emerging market demand: transfer of economic power to new emerging countries and a rising middle class

� Increased public deficits that create additional pressures to find savings through outsourcing

� Development of new information and communication technologies

� The growing influence of consumers seeking wellbeing, quality of life, improved health and personalized service

� Environmental issues

� Outsourcing and consolidation of multiple service providers

HEALTH CARE, SENIORS AND EDUCATION

� Demographic change (population growth, life expectancy, expanding number of students, etc.)

REMOTE SITES

� Oil, gas and mining projects due to energy/raw material prices/demand

BENEFITS AND REWARDS

� Battle for talent, work/life balance, welfare policies

� Employee retention and motivation

PERSONAL AND HOME SERVICES

� Employee motivation, work/life balance, aging population


SODEXO AT A GLANCE

SODEXO : REGULAR AND SUSTAINED PERFORMANCE

+4.3% CAGR over 15 years





SODEXO AT A GLANCE

SODEXO : REGULAR AND SUSTAINED PERFORMANCE

+9.6% CAGR over 15 years+14.2% CAGR over 15 years


SODEXO AT A GLANCE

BENEFITS AND REWARDS: THE PASS CYCLE


SODEXO PASS CLIENTS

AFFILIATED MERCHANTS BENEFICIARIES

Delivery of the Pass

Use of the Pass

Payment of the value

Reimbursement of the value

Presentation of the Pass for reimbursement

Distribution of the Pass

SODEXO AT A GLANCE

SODEXO’S DEVELOPMENT - 50 years of history

International expansion starts

Service Vouchers launched

Sodexo founded by Pierre Bellon

1966

IPO of Sodexo on Paris stock exchange

Gardner Merchant UK, Partena Sweden

Michel Landelbecomes CEO, Pierre Bellonremains Chairman of the Board of Directors

2005

Sogeres France, Wood Dining Services US

International development: Americas, Russia, South Africa & Asia

1985 - 1993

Sodexo Marriot Services US

1983

Sodexo refines its strategic positioning

2009

VR Brazil, Score Groupeand Crèche Attitude France, ZehnackerGermany, Comfort Keepers & Circles US, RKHS India

2007-2010 2011-2012

Puras do BrasilBrazil, LenôtreFrance, Roth Bros US

1971 - 1978

2001

19951998-2001


Sophie BellonChairwoman of the Board of Directors

2016

Acq

uisi

tions

NINE MONTHS YTD FISCAL 2016 REVENUES


DYNAMIC GROWTH

16 –

On-site Services

+3.2%Benefits and Rewards Services

+5.7%

Organic growth 1

+3.3%of which:

Revenue growth +3.7%

Currency effect+0.3%

Acquisitions +0.1%


1 Organic growth is defined as growth at constant exchange rates and consolidation scope, except for Benefits & Rewards in Venezuelan Bolivar. Nine months YTD Fiscal 2016 and 2015 revenues and issue volume in VEF have been converted at the exchange rate of USD 1 = VEF 521, vs. VEF 199 previously.

Q3 16

Q3 KEY CONTRACTS WON


CONCIERGE SERVICES

FACILITY MANAGEMENT

CLEANING

LANDSCAPING

MAINTENANCE

WASTE MANAGEMENTMAIL SERVICE

REPROGRAPHICS

RECEPTION

CATERING

SECURITY

Q3 16

ON-SITE SERVICES

SUCCESS OF INTEGRATED QUALITY OF LIFE SERVICES OFFERS


Health Care and Seniors� Good momentum in the United States

� Limited contract wins in Continental Europe and United Kingdom

Education

Corporate

+3.1%

+2.0%

� Contribution of Rugby World Cup contract

� Ramp-up of integrated service contracts, in North America and the United Kingdom

� Steep decline in Remote Sites, stabilizing quarter on quarter in Q3

� More working days in France and Italy

� New business in United Kingdom and Ireland

+3.7%

organic growth

% of Fiscal 2015 On-site Services

revenues

53%

22%

25%

Q3 16

ON-SITE SERVICES

+3.2% ORGANIC GROWTHUnited Kingdom

and Ireland

+18.1%

Rest of the World

-3.9%

+1.8%Continental EuropeNorth

America +4.0%


+6.5%excluding

Remote Sites

+8.4%excluding

Rugby

Q3 16

Revenues

ON-SITE SERVICES

NORTH AMERICA

20 –

€ millions

Corporate

Health Care and Seniors

Education

6,204

+4.0%

ORGANIC GROWTH

Organic growth

Favorable currency

effect � New contract wins

� Good cross-selling of Facilities Management services

� Ramp-up of contracts and same site growth

� Growth on existing sites


9 months Fiscal 2016


+7.6%

+4.8%

+1.4%

% of Fiscal 2015 revenues

26%

38%

36%

6,844Acquisitions

Q3 16

Revenues

ON-SITE SERVICES

CONTINENTAL EUROPE

21 –

€ millions

� Slightly improved growth in revenues at existing sites

� Selective approach to new business, especially in France

� Ramp-up of Korian seniors contract

� Strong growth in Sweden

� Increase in volumes helped by 2 extra working days in May

4,367

+1.8%

ORGANIC GROWTH

Unfavorable currency

effect



Organic growth


+3.2%

-2.1%

+2.3%

Corporate


Education

61%

16%

23%

4,399


Acquisitions

Q3 16

ON-SITE SERVICES

UNITED KINGDOM AND IRELAND

22 –

� Contribution of €131m Rugby World Cup contract in Q1 2016

� Cross-selling services in Facilities Management

� Unfavorable comparable basis

� Widening range of services

Revenues

� Strong business development

� On-site volume growth

€ millions


1,293

+18.1%

ORGANIC GROWTH

Favorable currency

effectOrganic growth



Acquisitions

Rugby

Other

+8.4%excl. Rugby

Corporate


Education

+23.6%

-0.5%

+16.6%

73%

8%

19%

1,555


Q3 16

Revenues

ON-SITE SERVICES

REST OF THE WORLD*

23 –

� Severe decline in Remote Sites, stabilizing in Q3

� Strong business development

� Continued growth in Latin America and Asia

€ millions

* Latin America, Africa, Middle East, Asia, Australia and Remote Sites


-5.7%

+21.3%

0%

Corporate


Education

90%

4%

6%

2,647


effect



Organic growth

Acquisitions2,339

-3.9%

ORGANIC GROWTH

+6.5%excluding

Remote Sites


Q3 16


ISSUE VOLUME AND REVENUES

24 –

€ billions

12.8Acquisitions


effect

Organic growth

+7.0%

ORGANIC GROWTH

Issue volume Revenues€ millions

636 Acquisitions


effect

Organic growth

+5.7%

ORGANIC GROWTH

� Solid organic growth in Latin America despite a slowdown in Brazil

� Dynamic growth in Europe and Asia






12.2576

Organic growth is defined as growth at constant exchange rates and consolidation scope, except for Benefits & Rewards in Venezuelan Bolivar. Nine months YTD Fiscal 2016 and 2015 revenues and issue volume in VEF have been converted at the exchange rate of USD 1 = VEF 521, vs. VEF 199 previously.

Q3 16



25 –

6.0

Organic growth


effect

+8.2%

ORGANIC GROWTH

Revenues

Acquisitions

341

+7.9%

ORGANIC GROWTH

Organic growth


effect

Latin America





� Higher face values and interest rates� Strong growth in Mexico and Chile� Decline in number of beneficiaries in Brazil


Acquisitions

Issue volume€ billions € millions

52%Fiscal2015

4.9 274

Organic growth is defined as growth at constant exchange rates and consolidation scope, except for Benefits & Rewards in Venezuelan Bolivar. Nine months YTD Fiscal 2016 and 2015 revenues and issue volume in VEF have been converted at the exchange rate of USD 1 = VEF 521, vs. VEF 199 previously.

Q3 16



26 –

Issue volume

6.8AcquisitionsOrganic

growthUnfavorable

currency effect

+6.0%

ORGANIC GROWTH

Revenues

295

+3.3%

ORGANIC GROWTH

Organic growth

Favorable currency

effect

Europe and Asia

� Extra working days in May, in France, Belgium and Turkey and strong momentum in Belgium, Italy, Turkey and the Czech Republic

� Lower interest rates in Europe






€ billions € millions

48%

7.3302

Fiscal2015

Acquisitions

Q3 16

SHARE REPURCHASE PROGRAM COMPLETED


After BeforeCompany’s share capital

Company’s share capital, number of shares 153,741,139 157,132,025

Company’s share capital, in euros 614,964,556 628,528,100

� Cancellation of 3,390,886 shares corresponding to a value of 300 million euro , approved at the Board Meeting of June 14, 2016

Q3 16

FISCAL 2015 SOLID FINANCIAL PERFORMANCE


29 –

A YEAR OF PROGRESS

� Solid financial performance

� Contract wins in On-site Services, led by integrated services offer

� Sustained activity in Benefits and Rewards Services

� Increased differentiation in Quality of Life Servic es

A YEAR OF PROGRESSFY 15


30 –

+2.5%Organicgrowth

Operating profit

Operating margin

€1,143 million +11.9%*Excluding

currency effects

5.8%

+90 bps*Over two years

excluding currency effects

+40 bps*vs fiscal 2014

excluding currency effects

Revenues €19.8 billion +10%Total growth

SOLID FINANCIAL PERFORMANCE

* Before exceptional items related to the operational efficiency improvement program in Fiscal 2014.


FY 15

Gearing ratio

31 –

A STRONGER FINANCIAL POSITION

Proposed dividend per share

Net debt (as of August 31, 2015) €339 million

Free cash flow €688 million +14.3%

9% 12%As of August 31, 2014

Share repurchase program(as announced on Nov 2015)

€2.20

€300 million

+22.2%

Group Net Income €700 million +32.4%Excluding

currency effects+42.9%

As of August 31, 2015


FY 15

ORGANIC GROWTH

On-site Services

+2.2%Benefits and Rewards Services

+9.5%

Organic growth: +2.5%

of which:


FY 15

ON-SITE SERVICES

ORGANIC GROWTH OF +2.2%

33 –

+12.8%

United Kingdomand Ireland

Rest of the World

+1.7%

+0.6%Continental EuropeNorth

America +1.5%


FY 15

ON-SITE SERVICES

SUCCESSFUL INTEGRATED OFFERSAND QUALITY OF LIFE POSITIONING

34 –

Health Care and Seniors� Impact of partial exit from HCR ManorCare

in the United States

� Limited business development in Europe

Education

Corporate � Contract start-ups in Justice segment in the United Kingdom

� Dynamic growth in integrated services in the United States

� Growth in Remote Sites at the start of the year

� More selective approach to new business

� Contract wins in emerging markets

+1.2%ORGANICGROWTH

-0.7%ORGANIC GROWTH

+3.9%ORGANICGROWTH


FY 15

ON-SITE SERVICES

GROWTH INDICATORS

35 –

2.5% 2.2%

93.4% 93.1%

7.1% 7.5%

Fiscal 2014 Fiscal 2015 Fiscal 2014 Fiscal 2015 Fiscal 2014 Fiscal 2015

Comparableunit growth

Client retention Businessdevelopment

including voluntary contract terminations


FY 15

ORGANIC GROWTH BENEFITS AND REWARDS SERVICES

36 –

Europe and Asia� Accelerated growth led by contract wins

in Turkey, India and China

Latin America

+3.8%ORGANIC GROWTH

IN REVENUES

+14.4%ORGANIC GROWTH

IN REVENUES

� Increase in face values and higher interest rates


FY 15

37 –

INCREASE IN OPERATING PROFIT*

€ millions

1,143

Fiscal 2015Fiscal 2014

966+11.9%

EXCLUDING CURRENCY EFFECTS

Operating margin

5.8%

5.4%

+40 bps

Operating profit

* Excluding currency effects exceptional items in Fiscal 2014 related to operational efficiency program


FY 15

INCREASE IN OPERATING MARGIN*

38 –

United Kingdomand Ireland

Rest of the World

Continental EuropeNorth

America6.3%

+100 bps

5.1%+60 bps

4.2%+10 bps

4.6%+40 bps

Benefits& RewardsServices

34.5%+0 bps

at constant exchange rates


FY 15

* Excluding currency effects exceptional items in Fiscal 2014 related to operational efficiency program

OPERATIONAL EFFICIENCY PROGRAM

39 –

EXCEPTIONAL IMPLEMENTATION

EXPENSES

Cumulativeover 18 months(Sept. 2012-Feb. 2014)

ACHIEVED

ANNUALSAVINGS

Fiscal 2015

Fiscal 2014

Fiscal 2013

166

100

28

170

€ millions


FY 15

INCREASED CONSOLIDATED RESULTS

40 –

Fiscal 2015 Fiscal 2014€ millions € millions

19,815 18,016

1,143 966

0 (27)

1,143 939

(107) (173)

(320) (265)

31.1% 34.8%

(16) (11)

700 490

CHANGEAt current

exchange ratesAt constant

exchange rates

+10.0% +2.6%

+18.3% +11.9%

+21.7% +15.1%

+42.9% +32.4%

Revenues

Operating profitbefore exceptional items

Exceptional items

Operating profit

Net financial expense

Income tax

Effective tax rate

Non-controlling interests/Equity-accounted companies

Group net income


FY 15

CONSOLIDATED CASH FLOW

41 –

Fiscal 2015 Fiscal 2014 CHANGE

Operating cash flow 973 708 +37.4%

Net capital expenditure (353) (294)

Change in working capital 68 188

Free cash flow 688 602 +14.3%

Net acquisitions (49) (50)

Change in shareholders’ equity (323) (282)

Other changes (including scope and exchange rates) (284) (163)

(Increase)/decrease in net debt 32 107

€ millions


FY 15

CONSOLIDATED BALANCE SHEET

42 –

Aug. 31, 2015

Aug. 31, 2014

Aug. 31, 2015

Aug. 31, 2014

Non-current assets 7,334 6,852 Shareholders’ equity 3,710 3,189

Current assets excluding cash 4,396 4,120 Non-controlling interests 34 32

Financial assets related to the BRS activity 739 758 Non-current liabilities 3,593 3,830

Cash 2,008 2,748 Current liabilities 7,140 7,427

Total assets 14,477 14,478 Total liabilities & equity 14,477 14,478

Net debt 339 371

Gearing ratio 9% 12%

€ millions

ROBUST RATIOS

€1,476 million

Operating cash totaled €2,708 million, of which €1,476 millionrelated to Benefits and Rewards Services


FY 15

INTEGRATED SERVICES OFFER BOOSTED BY INVESTMENTS IN FACILITIES MANAGEMENT

43 –

€5.6bnFacilities management revenue,

including €1.2bnin multi-technical

maintenance services

Gross margin for multi-technical

maintenance services

0.6% higher thanfood servicesgross margin

6acquisitions in 10 yearsacross all continents

FMas a percentage of revenue

+10%Average annual growth

over 10 years

31%57%

United KingdomContinental Europe

18%

29%

Fiscal 2005

FMas a percentage of revenue

Fiscal 2015


FY 15

SUSTAINED DEMAND FOR BENEFITS AND REWARDS SERVICES

44 –

65%paperless/digital

Furtherdouble digit

growthin Latin America

6.9%8.5% 8.3%

13.0%

9.5%

2010-11 2011-12 2012-3 2013-4 2014-5

ORGANIC REVENUE GROWTH

Acquisition of Motivcom

in the United Kingdom,Sodexo becomes

European leader in incentive

and recognition

4new countriesPortugal, Panama,

Singapore and Taiwan


FY 15

RECOGNIZED POSITIONING AND LEADERSHIPIN QUALITY OF LIFE SERVICES

45 –

The Sodexo/Harris Interactive survey revealed that

91% of executives queried believe there is a link

between quality of life and their organization's

performance

A first international conference bringing together

global leaders in Quality of Life

Sodexo/Harris Interactive Survey - April 2015


FY 15

BETTER LEVERAGE OUR GLOBAL CONSUMER KNOWLEDGE

46 –

Facilitate the flow of information

Reinforcing ties

Strengthening relations with consumers

Bringing nutritional advice

https://mindful.sodexo.com/

Le Village in Paris

Partnerships

The Camp in Aix-en-Provence


FY 15

First international coalition

to combat wasteall along the food chain

SOCIETAL COMMITMENTS

47 –

SODEXOwith

PEPSICO UNILEVER

MCCAIN ARDO

SCAWWF

By 2017,

$1 billion in purchasesfrom

5,000 small and mid-sized enterprisesin

40 countries,including

1,500 managed by women


FY 15

Global Sustainability Industry Leaderin its sector for the 11th year in a row

RECOGNITIONS

48 –

No.1 among SBF 120 index companies in 2015for the proportion of women in senior management

� 43% women on the Group Executive Committee

� 38% women on the Sodexo Board of Directors

Recognized for its commitment to

reducing carbon emissions by 34%by 2020


FY 15

OUTLOOK


GLOBAL SEGMENTS

OUTLOOK

EVOLUTION OF THE ORGANIZATION

50 –

CORPORATESERVICES

ENERGY &RESOURCES

HEALTH CARE & SENIORS

GOVERNMENT & AGENCIES

UNIVERSITIESSCHOOLS SPORTS &LEISURE

DRIVE GROWTH AND CREATE VALUETHROUGH CLIENT SPECIALIZATION

77 GLOBALSEGMENTS

SERVICE OPERATIONS

TRANSVERSAL FUNCTIONS


OUTLOOK

ADAPTATION AND SIMPLIFICATION MEASURES

AROUND €200 MILLION IN EXCEPTIONAL EXPENSE(SEPTEMBER 2015-FEBRUARY 2017)

51 –

AROUND €200 MILLION OFANNUAL SAVINGS BY YEAR 3(100% PAYBACK IN FISCAL 2018)

� Reinforced adaptation of site level operating costs

� Organizational simplification

� Increased mutualisation across geographies


OUTLOOK

FISCAL 2016 OBJECTIVES

52 –Sodexo Overview, July 2016

� Organic revenue growth of around 3%

� Growth in operating profit of around 8%(excluding currency effects and exceptional items related to the adaptation and simplification program)

OUTLOOK

MEDIUM-TERM OBJECTIVES

53 –

The Group is confident of achieving its medium-term objectives:

average annual growth in revenue of between 4% and 7% (excluding currency effects)

average annual growth in operating profit of between 8% and 10%(excluding currency effects)


SHAREHOLDERS & INVESTOR RELATIONS


Bellon SA37.7%

Allianz Global Investors Europe 2.8%

First Eagle Investment Management 2.5%

French institutional shareholders 12.7%

Employees 0.7%

Individuals 3.9%

Treasury shares 3.1%

SHAREHOLDERS AND INVESTOR RELATIONS

SODEXO SHARE OWNERSHIP as of August 31st 2015


International institutional shareholders 41.9%


SODEXO SHARE OWNERSHIP as of August 31st 2015



FISCAL 2016 FINANCIAL CALENDAR

These dates are purely indicative, and are subject to change without notice.

Regular updates are available in the calendar on our website www.sodexo.com.


SODEXO SHARE PERFORMANCE


SHARE PERFORMANCE, SINCE THE INITIAL LISTING IN MAR CH 1983*:

� Share price multiplied by 43,1 (whereas the CAC 40 index has been multiplied by only 10.6, which means Sodexo’s shares have outperformed the CAC 40 by a wide margin)

� An average annual appreciation of 13.1%, excluding dividends .

SODEXO SHARES

� Sodexo shares are listed on NYSE Euronext Paris Euroclear code: FR 0000121220; included in the Next 20 index

� Sodexo American Depositary Receipts (ADRs) are traded on the over the counter (OTC) market, ticker SDXAY, with five ADRs representing one Sodexo share.

59 –

* as of July 21, 2015


Since the initial listing in 1983

SHARE PRICE has been multiplied by 65.9*

....

60

1. Share performance (3 months, indexed)Sodexo vs. CAC 40

Source: FactSet

Apr-16 Apr-16 Apr-16 Apr-16 May-16 May-16 May-16 May-16 May-16 Jun-16 Jun-16 Jun-16 Jun-1690

92

94

96

98

100

102

104

106

14/04/16: H1

2016 Results

Sodexo SA France CAC 40

+{0.2%}

{-3.9%}

As of June 30th, 2016

....

61

2. Share performance (1 year, indexed)Sodexo vs. CAC 40

Source: FactSet

Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-1675

80

85

90

95

100

105

110

115

08/07/15: Q3

2015 Results

19/11/15: FY

2015 Results

13/01/16: Q1

2016 Results

14/04/16: H1

2016 Results

Sodexo SA France CAC 40

{-13.9%}

+{8.6%}



... .

62

3. Share performance (5 years, indexed)Sodexo vs. CAC 40

Source: FactSet

+{77.4%}

+{6.9%}



... .

63

4. Share performance (10 years, indexed)Sodexo vs. CAC 40

Source: FactSet

+{157.1%}

{-14.0%}



APPENDICES


APPENDIX 1

Q3 2016 - PRINCIPAL EXCHANGE RATES


Average rates

9 months Fiscal 2016 Change

Impact ofexchange rates

vs. the euro on 9 months Fiscal 2016

Revenues

Period-end rates

May 31, 2016

Period-end rates

May 31,2015 Change€1 =

U.S. Dollar 1.1045 +6.6% +410 1.1139 1.0970 -1.5%

Pound Sterling 0.7501 +1.1% +17 0.7613 0.7190 -5.6%

Brazilian Real 4.2194 -24.0% -204 4.0148 3.4522 -14.0%

€ millions

Average rate

Fiscal 2015 Change

Closing rate Aug. 31,

2015 Change

Impact of a 10% appreciation of the exchange rate of the following

currencies against the euro on

RevenuesOperating

profitShareholders’

equity

U.S. dollar 1.1594 +17.4% 1.1215 +17.6% 763 50 167

Pound Sterling 0.7462 +10.3% 0.7275 +9.3% 193 8 82

Brazilian Real 3.3020 -6.0% 4.0671 -27.2% 107 23 57

APPENDIX 2

FY 2015 - SENSITIVITY TO EXCHANGE RATES

66 –

€1 =


€ millions

APPENDIX 3

FINANCIAL DEBT ANALYSIS*AT FEBRUARY 29, 2016

67 –

41% €

INTEREST RATE

BY CURRENCY

16

140

301

6

BY MATURITY

< 1 year

1-2 years

2-3 years

3-4 years

4-5 years

> 5 years

* Financial debt of €2,802 million (excluding derivative financial instruments for €(2) million)

59% $

€ millions

2,289Average interest rate 3.4%at February 29, 2016

(vs. 3.8% at August 31, 2016)

50

0.5% Variable

99.5%Fixed


APPENDIX 4

FINANCIAL RATIOS AS OF AUGUST 31, 2015

68 –

Fiscal 2015Fiscal 2014Fiscal 2013Fiscal 2012

9%

21%

16% 3.12.8

Gearing ratioNet debt/Shareholders' equity

Reimbursement capacityGross financial debt/Operating cash flow

objective < 75%

objective < 4 years


12%

4.1


3.4

APPENDIX 4

FINANCIAL RATIOS AS OF AUGUST 31, 2015

69 –

9.0

6.05.4

0.2

0.5

0.4

Interest coverOperating profit/

Net financial expense

Net debt ratioNet debt/EBITDA

objective < 2 years

objective > 5


6.6

0.3



APPENDIX 5

INVESTOR RELATIONS CONTACTS

70 –

Head of Investor Relations Virginia JEANSON Tel : + 33 1 57 75 80 [email protected]

Investor Relations ManagerAlejandra LEFEBVRE Tel : + 33 1 57 75 80 [email protected]

Investor Relations CoordinatorCynthia CATTYTel : + 33 1 57 75 80 [email protected]

Sodexo 255 Quai de la Bataille de Stalingrad92130 Issy Les Moulineaux

Email : [email protected]


www.sodexo.com

71 –

THANK YOU!


Sodexo Group Presentation · SODEXO AT A GLANCE SODEXO: KEY FACTS €19.8 bn Revenues 420,000...

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Transcript of Sodexo Group Presentation · SODEXO AT A GLANCE SODEXO: KEY FACTS €19.8 bn Revenues 420,000...