DERICHEBOURG - Universal registration document 2018-2019

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Group management report Significant events during the fiscal year

player with over 5,000 employees. The acquisition of this stake, which gives the Group the option of increasing its interest to 100% in the coming years, fits into a strategy of growth in the Iberian Peninsula. Energy On January 30, 2019, Derichebourg Énergie acquired the shares of Vibey Énergies, a company specializing in electrical work for the construction industry, operating in the Bordeaux region and Arcachon basin, earning annual revenue of €5 million Up until now, the Energy business had exclusively been based in Ile-de-France. Remote surveillance On April 1, 2019, Derichebourg Technologies acquired Steo’s remote surveillance business. Temporary employment services After the year-end reporting date, Derichebourg Intérim acquired the shares of Immedia Services, a company that operates three agencies – in Arras, Liévin and Valenciennes – and posted revenue of €12 million in 2018. This acquisition rounds off the Group’s coverage of the Hauts-de-France region. Disposal of San Germano and CMT 3.1.6.2 On January 30, 2019, Derichebourg Environnement sold its household waste collection, urban cleaning and waste processing businesses in Italy to Iren Ambiente. The disposal was carried out through the companies San Germano and CMT. San Germano is a leading private player providing household waste collection and urban cleaning services for public authorities in the Piedmont, Lombardy and Sardinia regions, thanks to a network of around 20 agencies. CMT collects and treats paper, cardboard and plastics on six sites located in the Piedmont region and Sardinia. The contribution of these businesses to consolidated revenue for the 2017/2018 fiscal year amounted to €61 million (2.1% of total revenue). They employ around 900 people. On April 24, 2019, the Group received an earnout proposal of €(10) million as well as a claim in the amount of €5 million from Iren Ambiente, the buyer of San Germano and CMT. The Group disputed both the amount of the proposed earnout and the determination of the claim amount. The Group recognized an earnout of €(3) million, in

respect of the loss made between the reference date (September 30, 2017) and the closing date (January 30, 2019). It did not contest this amount.

Disposal of the Group’s operations in 3.1.6.3 Morocco

In line with its ongoing strategy of growth in the European market, in September 2019, Derichebourg sold to its partner the 51% stake it held in Derichebourg A&D Développement, the holding company for all household waste collection and service activities in Morocco. Derichebourg is very proud of having provided its technical expertise in the services it provided, along with its local partner, to the residents of the country’s main communities, within the framework of the environment improvement policy implemented by the Kingdom of Morocco. The Derichebourg Group is confident in the quality of the team put in place to maintain a high service level and continue the development initiated. Overall, the 2019 earnings of the Moroccan operations and the proceeds of their sale have had little impact on the Group’s pre-tax profit. For the fiscal year ended September 30, 2018, the contribution of these operations amounted to 2% of the Derichebourg Group’s revenue, 4% of its recurring Ebitda and 12% of its external debt. Disposal of the nuclear engineering company 3.1.6.4 after the reporting date On October 1, 2019, Derichebourg Multiservices Holding sold its shares in Derichebourg Services & Ingénierie Nucléaire to a company specialized in nuclear works and services. For a number of months, the company had been encountering technical difficulties which it could not overcome in several projects. For the fiscal year, this company earned revenue of €1 million. Taking into account the reassessment of the project results for the fiscal year and the penalties incurred for late delivery, the company’s contribution to operating income (loss) amounted to €(8.7) million, of which €(5.0) million for non-recurring items. The financial consequences of this sale were recognized in the fiscal year ended September 30, 2019.

DERICHEBOURG p 2018/2019 Universal Registration Document 89