S T SUL RE 2015 ANNUAL Ma rc h 10 th , 2016 F ORWARD L OOKING - PDF document

S T SUL RE 2015 ANNUAL Ma rc h 10 th , 2016

F ORWARD L OOKING ST AT E ME NT S T his pre se ntatio n may c o ntain so me fo rward-lo o king state me nts. T he se state me nts are no t unde rtaking s as to the future pe rfo rmanc e o f the Co mpany. Altho ug h the Co mpany c o nside rs that suc h state me nts are base d o n re aso nable e xpe c tatio ns and assumptio ns at the date o f public atio n o f this re le ase , the y are by the ir nature subje c t to risks and unc e rtaintie s whic h c o uld c ause ac tual pe rfo rmanc e to diffe r fro m tho se indic ate d o rimplie d in suc h state me nts. T he se risks and unc e rtaintie s inc lude witho ut limitatio n the risk fac to rs that are de sc ribe d in the Do c ume nt de Base and in the 2014 Annual F inanc ial Re po rt, bo th re g iste re d in F ranc e with the F re nc h Auto rité de s marc hé s financ ie rs. I nve sto rs and ho lde rs o f share s o f the Co mpany may o btain c o py o f the se do c ume nts fro m the Auto rité de s marc hé s financ ie rs’ we bsite : www.amf-franc e .o rg o r fro m the Co mpany’ s we bsite : www.c o rpo rate -e lis.c o m T he 2015 Do c ume nt de Ré fé re nc e will be re g iste re d with the Auto rité de s marc hé s financ ie rs in the se c o nd half o f April 2016. T he Co mpany do e s no t have the o blig atio n and unde rtake s no o blig atio n to update o r re vise any o f the fo rward-lo o king state me nts. 2

BUSINE SS OVE RVIE W Ouve r tur e de l’Asse mblé e Gé né r ale in – Pré side nt du Co nse il de Surve illa nc e T hie r r y Mor

2015 HIGHL IGHT S Solid financ ial ac hie ve me nts in 2015 Or ganic gr owth of +2.9% • E BIT DA in line with e xpe c tations in a diffic ult mac r o e nvir onme nt • impac te d by the te r r or ist attac ks in Par is Ve r y good M&A mome ntum: 9 signific ant ac quisitions c omple te d in 2015 • Suc c e ssful IPO and full r e financ ing of de bt • Continue d imple me ntation of Gr oup str ate gy Mar ke t shar e gains in all ge ogr aphie s • Impr ove me nt in ope r ational e xc e lle nc e • E xpansion of L atin Ame r ic an platfor m and e ntr y into Chile an mar ke t • Str ong gr owth in our Pe st Contr ol ac tivity (3D) • 4

2015 KE Y F IGURE S (E UR million) 2015 2015 vs. 2014 Re por te d: +6.3% At c onsta nt e xc ha ng e ra te : Re ve nue s 1,415.4 +6.6% Or ganic : + 2.9% E BIT DA 446.1 +4.0% % o f re ve nue 31.5% -70b ps He adline ne t r e sult * 71.4 10x Ne t de bt / E BIT DA ** 3.1x 4.7x in 2014 * Afte r e liminatio n o f impairme nt c harg e , PPA de pre c iatio n and I PO and re financ ing e xpe nse s (ne t o f tax) ** T railing 12 mo nths E BI T DA, pro fo rma fo r the full ye ar impac t o f ac quisitio ns 5

2015 RE VE NUE BRE AKDOWN By activity By end ‐ market By geography Hyg ie ne a nd F ra nc e we ll- be ing F la t line n He a lthc a re Industry 20% 70% 22% 18% 47% 34% 28% 31% 13% 7% 10% Northe rn T r ade & L a tin E urope Hospita lity Se r vic e s Workwe a r Ame r ic a Southe rn E urope No rthe rn E uro pe inc lude s S witze rland, Ge rmany, Be lg ium, L uxe mbo urg and Cze c h Re public S o uthe rn E uro pe inc lude s S pain, Po rtug al and I taly 6 L atin Ame ric a inc lude s Brazil and Chile

2015 RE VE NUE PE R QUART E R (E UR million) Q1 Q2 Q3 Q4 2015 2015 re ve nue s 322.0 360.4 381.2 351.8 1,415.4 2014 re ve nue s 302.4 341.9 355.8 330.9 1,331.0 Re po rte d g ro wth +6.5% +5.4% +7.1% +6.3% +6.3% Gr owth at c onstant e xc hange r ate s +5.6% +5.0% +8.0% +7.6% +6.6% Or ganic gr owth +2.6% +2.1% +4.0% +2.6% +2.9% 7

ORGANIC GROWT H BY COUNT RY 2015 or ganic gr owth > 4% Spa in, Be lux, Cze c h Re pub lic F r om 3% to 4% Bra zil, Po rtug a l, I ta ly F r om 0% to 3% F ra nc e , Switze rla nd, Ge rma ny < 0% - 8

2015 KE Y BUSINE SS HIGHL IGHT S F ra nc e Northe rn E urope Mar ke t shar e gains Good M&A mome ntum with • • 4 ac quisitions in 2015 Continue d roll- out of la rge • c ontr ac ts E lis be c ame mar ke t le ade r in • Switze rla nd Diffic ult mac ro e nvironme nt • a nd low visibility Ne g a tive impac t from Swiss F ra nc • on winte r se ason ac tivity Controlle d pric ing pre ssure • Southe rn E urope L a tin Ame ric a Ve r y good c omme r c ial Diffic ult mac r o e nvir onme nt in • • mome ntum in our 3 c ountr ie s Bra zil Double -digit or ganic gr owth • Good c omme rc ial mome ntum • in Spa in with or ganic gr owth above 3% Consolidation in Spain with • in Bra zil ac quisition of 4 th lar ge st mar ke t Ac quisition of Albia, n°1 playe r • playe r in Chile T ra nsfe r of know- how a nd • ove me nt 9 pr oduc tivity impr ove me nt Str ong pr oduc tivity impr •

CONT RACT WINS & RE NE WAL S Wins Re ne wals 0 Hospitality He althc ar e Industr y / T r ade & Se rvic e s 10

NE W ST AT E OF T HE ART PL ANT IN NANT E RRE  10,000sqm de dic ate d to hospitality c lie nts  Pla nt ide a lly loc a te d - le ss tha n 10km from Pa ris  Capac ity of above 450 tons with 2 te ams ove r 6 days  Absor bs the volume s fr om the Pute aux plant (c lose d dur ing summe r 2015) 11

VE RY ST RONG M&A MOME NT UM IN 2015 F ra nc e Ge rma ny • 1 la undry ma inly se rving Hospita lity c lie nts • 1 la undry in Munic h, 2 ne a r F ra nkfurt in the Gironde re g ion a nd 2 ne a r Ha mburg *  E • Ac quisition of sma ll c lie nt portfolios lis re ma ins a sma ll pla ye r but is g rowing in some ke y re g ions  F urthe r ne twork improve me nt * Announc e d in Januar y 2016 Switze rla nd Bra zil • 4 la undrie s (Ca nton of Gra ubünde n, c a nton of • 2 la undrie s se rving He a lthc a re c lie nts: St. Ga lle n, Zuric h) 1 in F orta le za (Northe a st) & 1 ne a r Sã o Pa ulo*   Uriva lle d c ove ra g e with a ne twork of 15 F urthe r ne twork improve me nt in la undrie s stra te g ic re g ions * Announc e d in Januar y 2016 Spa in Chile • Ac quisition of 4 th la rg e st pla ye r • Ac quisition of ma rke t le a de r, Albia • 1 la undry in Alic a nte a nd 1 in the Ba le a ric • 8 la undrie s se rving He a lthc a re , Hospita lity a nd Isla nds Industry (mining ) c lie nts  Ne twork improve me nt a nd quic k syne rg ie s  Comple me nta ry to Bra zilia n a c tivity in L a ta m

E L IS E NT E RS CHIL E AND E XPANDS IT S L AT AM PL AT F ORM Why Chile ? L ine n r e nta l a nd ma inte na nc e ma rke t a lre a dy • de ve lope d, a nd g rowing E lis imme dia te ly be c ome s ma rke t le a de r in the • c ountry with 25% ma rke t sha re (#2 a nd #3 have c . 9% and 6% r e spe c tive ly) Additiona l c onsolida tion opportunitie s • E c onomic a lly, soc ia lly a nd politic a lly sta ble • c ountry Ke y figur e s Annua lize d re ve nue s of c . €20mn • E BIT DA ma rg in in line with e xisting Br a zilia n • ope ra tions Attra c tive a c quisition multiple • 13

E L IS BE COME S MARKE T L E ADE R IN SWIT ZE RL AND  In 5 ye a rs, E lis ha s g rown from nic he pla ye r to ma rke t le a de r  Solid or ganic gr owth c ouple d with 7 tar ge te d ac quisitions (inc luding 2 in 2015)  c . €100mn sa le s a nd one of the be st E BIT DA ma rg ins in E urope within the Group 14

CONT ROL E D PRICING PRE SSURE IN F RANCE 2013 bac kgr ound: 2014: E lis imple me nts stra te g y to g a in ma rke t shar e • F re nc h ma rke t ha s be e n diffic ult for se ve ra l • Minor pric e disc ounts gra nte d to some ye a rs. Howe ve r, E lis struc tura lly la rg e ac c ounts, c ompe nsa te d by outpe r for me d its c ompe titor s. produc tivity improve me nts from the additional volume s signe d • E lis’ ma rke t sha re wa s unde rwe ig ht with lar ge ac c ounts • Many c omme r c ial suc c e sse s H2 2015: initiative s take n by E lis 2015: ge ne r alize d pr ic ing pr e ssur e • Pric ing re vie w la unc he d with the he lp of • In a soft ma rke t with no infla tion, some spe c ia lize d e xte rna l c onsulta nts a nd c ompe titors re a c te d strong ly to win ba c k imple me nta tion of an ac tion pla n volume s that had be e n lost to E lis • Slig ht de c re a se in pre ssure from • Sig nific a nt impa c t on ma rg in at the e nd of c ompe titors H1 2015 15

SUCCE SSF UL IPO AND F UL L RE F INANCING Public float F e brua ry: IPO • T otal offe r ing size : €854m (post g r e e nshoe ) • Public floa t: 58% of sha re c a pita l 57.6% E ura ze o* 41.5% April: full re fina nc ing 0.9% • 2 a ttra c tive sourc e s of fina nc ing : ba nking & bond de bt Othe r (E CIP E lis, Ma na g e me nt) • Ave r age c ost of de bt be low 3% • Nor mative c ash inte r e st of €45m pe r ye ar *: o f whic h 38.5% o f to ta l sha re c a pita l thro ug h L e g e ndre Ho lding 27 SAS • No signific ant r e payme nt be for e 2020 16

S IGHT HIGHL INANCIAL F