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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
3 – Sodexo Overview, July 2016
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:
6 – Sodexo Overview, July 2016
SODEXO AT A GLANCE
INTEGRATED QUALITY OF LIFE SERVICES OFFER
7 – Sodexo Overview, July 2016
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 Overview, July 2016
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 Overview, July 20169 –
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
10 – Sodexo Overview, July 2016
SODEXO AT A GLANCE
SODEXO : REGULAR AND SUSTAINED PERFORMANCE
+4.3% CAGR over 15 years
+13.1% CAGR over 15 years
+5.1% CAGR over 15 years
+15.1% CAGR over 14 years
11 – Sodexo Overview, July 2016
SODEXO AT A GLANCE
SODEXO : REGULAR AND SUSTAINED PERFORMANCE
+9.6% CAGR over 15 years+14.2% CAGR over 15 years
12 – Sodexo Overview, July 2016
SODEXO AT A GLANCE
BENEFITS AND REWARDS: THE PASS CYCLE
13 – Sodexo Overview, July 2016
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
14 – Sodexo Overview, July 2016
Sophie BellonChairwoman of the Board of Directors
2016
Acq
uisi
tions
NINE MONTHS YTD FISCAL 2016 REVENUES
15 – Sodexo Overview, July 2016
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%
Sodexo Overview, July 2016
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
17 – Sodexo Overview, July 2016
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
18 – Sodexo Overview, July 2016
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%
19 – Sodexo Overview, July 2016
+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
Sodexo Overview, July 2016
9 months Fiscal 2016
9 months Fiscal 2015
+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
9 months Fiscal 2016
9 months Fiscal 2015
Organic growth
Sodexo Overview, July 2016
+3.2%
-2.1%
+2.3%
Corporate
Health Care and Seniors
Education
61%
16%
23%
4,399
% of Fiscal 2015 revenues
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
Sodexo Overview, July 2016
1,293
+18.1%
ORGANIC GROWTH
Favorable currency
effectOrganic growth
9 months Fiscal 2016
9 months Fiscal 2015
Acquisitions
Rugby
Other
+8.4%excl. Rugby
Corporate
Health Care and Seniors
Education
+23.6%
-0.5%
+16.6%
73%
8%
19%
1,555
% of Fiscal 2015 revenues
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
Sodexo Overview, July 2016
-5.7%
+21.3%
0%
Corporate
Health Care and Seniors
Education
90%
4%
6%
2,647
Unfavorable currency
effect
9 months Fiscal 2016
9 months Fiscal 2015
Organic growth
Acquisitions2,339
-3.9%
ORGANIC GROWTH
+6.5%excluding
Remote Sites
% of Fiscal 2015 revenues
Q3 16
BENEFITS AND REWARDS SERVICES
ISSUE VOLUME AND REVENUES
24 –
€ billions
12.8Acquisitions
Unfavorable currency
effect
Organic growth
+7.0%
ORGANIC GROWTH
Issue volume Revenues€ millions
636 Acquisitions
Unfavorable currency
effect
Organic growth
+5.7%
ORGANIC GROWTH
� Solid organic growth in Latin America despite a slowdown in Brazil
� Dynamic growth in Europe and Asia
9 months Fiscal 2016
9 months Fiscal 2015
9 months Fiscal 2016
9 months Fiscal 2015
Sodexo Overview, July 2016
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
BENEFITS AND REWARDS SERVICES
ISSUE VOLUME AND REVENUES
25 –
6.0
Organic growth
Unfavorable currency
effect
+8.2%
ORGANIC GROWTH
Revenues
Acquisitions
341
+7.9%
ORGANIC GROWTH
Organic growth
Unfavorable currency
effect
Latin America
9 months Fiscal 2016
9 months Fiscal 2015
9 months Fiscal 2016
9 months Fiscal 2015
� Higher face values and interest rates� Strong growth in Mexico and Chile� Decline in number of beneficiaries in Brazil
Sodexo Overview, July 2016
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
BENEFITS AND REWARDS SERVICES
ISSUE VOLUME AND REVENUES
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
9 months Fiscal 2016
9 months Fiscal 2015
9 months Fiscal 2016
9 months Fiscal 2015
Sodexo Overview, July 2016
€ billions € millions
48%
7.3302
Fiscal2015
Acquisitions
Q3 16
SHARE REPURCHASE PROGRAM COMPLETED
27 – Sodexo Overview, July 2016
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
28 – Sodexo Overview, July 2016
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
Sodexo Overview, July 2016
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.
Sodexo Overview, July 2016
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
Sodexo Overview, July 2016
FY 15
ORGANIC GROWTH
On-site Services
+2.2%Benefits and Rewards Services
+9.5%
Organic growth: +2.5%
of which:
32 – Sodexo Overview, July 2016
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%
Sodexo Overview, July 2016
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
Sodexo Overview, July 2016
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
Sodexo Overview, July 2016
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
Sodexo Overview, July 2016
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
Sodexo Overview, July 2016
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
Sodexo Overview, July 2016
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
Sodexo Overview, July 2016
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
Sodexo Overview, July 2016
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
Sodexo Overview, July 2016
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
Sodexo Overview, July 2016
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
Sodexo Overview, July 2016
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
Sodexo Overview, July 2016
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
Sodexo Overview, July 2016
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
Sodexo Overview, July 2016
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
Sodexo Overview, July 2016
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
Sodexo Overview, July 2016
FY 15
OUTLOOK
49 – Sodexo Overview, July 2016
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
Sodexo Overview, July 2016
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
Sodexo Overview, July 2016
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)
Sodexo Overview, July 2016
SHAREHOLDERS & INVESTOR RELATIONS
Sodexo Overview, July 201654 –
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
55 – Sodexo Overview, July 2016
International institutional shareholders 41.9%
SHAREHOLDERS AND INVESTOR RELATIONS
SODEXO SHARE OWNERSHIP as of August 31st 2015
56 – Sodexo Overview, July 2016
SHAREHOLDERS AND INVESTOR RELATIONS
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.
57 – Sodexo Overview, July 2016
SODEXO SHARE PERFORMANCE
Sodexo Overview, July 201654 –
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
Sodexo Overview, July 2016
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%}
As of June 30th, 2016
61 – Sodexo Overview, July 2016
... .
62
3. Share performance (5 years, indexed)Sodexo vs. CAC 40
Source: FactSet
+{77.4%}
+{6.9%}
As of June 30th, 2016
Sodexo Overview, July 201662 –
... .
63
4. Share performance (10 years, indexed)Sodexo vs. CAC 40
Source: FactSet
+{157.1%}
{-14.0%}
As of June 30th, 2016
Sodexo Overview, July 201663 –
APPENDICES
64 – Sodexo Overview, July 2016
APPENDIX 1
Q3 2016 - PRINCIPAL EXCHANGE RATES
65 – Sodexo Overview, July 2016
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 =
Sodexo Overview, July 2016
€ 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
Sodexo Overview, July 2016
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
Fiscal 2015Fiscal 2014Fiscal 2013Fiscal 2012
12%
4.1
Sodexo Overview, July 2016
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
Fiscal 2015Fiscal 2014Fiscal 2013Fiscal 2012
6.6
0.3
Fiscal 2015Fiscal 2014Fiscal 2013Fiscal 2012
Sodexo Overview, July 2016
APPENDIX 5
INVESTOR RELATIONS CONTACTS
70 –
Head of Investor Relations Virginia JEANSON Tel : + 33 1 57 75 80 56virginia.jeanson@sodexo.com
Investor Relations ManagerAlejandra LEFEBVRE Tel : + 33 1 57 75 80 75alejandra.lefebvre@sodexo.com
Investor Relations CoordinatorCynthia CATTYTel : + 33 1 57 75 80 54cynthia.catty@sodexo.com
Sodexo 255 Quai de la Bataille de Stalingrad92130 Issy Les Moulineaux
Email : communication.financiere@sodexo.com
Sodexo Overview, July 2016
www.sodexo.com
71 –
THANK YOU!
Sodexo Overview, July 2016
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