DERICHEBOURG - Universal registration document 2018-2019

3

Group management report Earnings from businesses and financial position

Multiservices 3.2.3

2019

2018

Change %

In millions of euros

Revenue

857.6 33.0 3.8% 21.3 2.5%

802.5 33.2 4.1% 22.1 2.8%

+6.9% (0.6%)

Recurring Ebitda

in % of revenue

Recurring operating profit (loss)

(3.4%)

in % of revenue

Nuclear engineering business contracts

(5.0) 16.4

Operating profit (loss)

22.1

(25.9%)

The contribution of the Multiservices business to the Group's consolidated revenue was €857.6 million, up 6.9% compared to the previous year. All business segments recorded an increase in revenue. The chart below shows the change in revenue over the past seven years.

In millions of euros

In millions of euros

900

40

858

802

52

0.0

781

800

35

0.6 33.4 33.0 0.6

741

44

38

0.0 29.1

153

39

700

30

5.7

667

5.8

0.5 27.4 26.7 1

144

2 618

0

151

2.3

33

2 585

2

159

600

25

22.2

3.9

2

4.8

5.7

143

7.7

3.9 0 21.6

152

160

147

10.5

500

20

149

5.1

136

7.4

143

8.4

400

15

130

109

111

7.2

8.1

300

10

21.3

19.6

16.2

510

15.5

468

443

13.7

200

5

400

10.5

9.4

356

344

336

0

100

-0.1

-0.4

0

-5

REVENUE 2013

REVENUE 2014

REVENUE 2015

REVENUE 2016

REVENUE 2017

REVENUE 2018

REVENUE 2019

EBITDA 2015

EBITDA 2016

EBITDA 2013

EBITDA 2017

EBITDA 2014

EBITDA 2018

EBITDA 2019

Services HR Sourcing and interim

Urban area Industry

Services HR Sourcing and interim

Urban area Industry

winning new contracts in the foreign Cleaning business (in p particular, Portugal), and an acquisition in Spain (+€6 million in two months of contribution to revenue). The Ebitda of Services Solutions was €19.6 million, down €1.5 million compared to last year. The main reason for this negative variance is the month of December 2018. Given the practice of pay lag (payment of wages on the 10 th of the following month), this month benefited from neither the CICE nor the cut in employers' social security contributions as from January 2019. This impact is estimated to be €(1.7) million for the Multiservices division.

Services Solutions Revenue from the Services Solutions segment (cleaning and related services, energy, etc.) represented 59% of the total, i.e. €510 million. The Services Solutions segment increased by €42 million or 9%. This was attributable to: the sound commercial momentum of the Cleaning business in p France; acquisitions in France (€7.6 million) in the Cleaning and Energy p businesses; sound commercial momentum of the Energy businesses; p

DERICHEBOURG p 2018/2019 Universal Registration Document 94