Assystem - Registration Document 2016

3

MANAGEMENT REPORT

GROUP RESULTS

3.2 GROUP RESULTS

3.2.1

KEY FIGURES

Year-on-year change

2016 955.6 66.9 7.0% 32.1 45.8 45.3 4.7% (16.1)

2015 907.7 57.8 6.4% 27.9 37.2 44.8 4.9% 198.8

In millions of euros

Revenue

+5.3%

+15.7% + 0.6 pt +15.1% +23.1% +1.1% (0.2) pt

Operating profit before non-recurring items – EBITA (1)

% of revenue

Consolidated profit for the period (2) Adjusted profit for the period (3)

Free cash flow (4)

% of revenue

-

Net cash/(debt) (5)

2.12 1.00

1.72 0.80

+23.3% +25.0%

Adjusted earnings per share (6) Dividend per share (7) (in euros)

(1) Operating profit before non-recurring items (EBITA) including share of profit of equity-accounted investees (€0.5 million in 2015 and €1.4 million in 2016). (2) Including profit attributable to non-controlling interests amounting to €0.7 million in 2015 and €0.6 million in 2016. Profit for the period attributable to owners of the parent therefore totalled €27.2 million in 2015 and €31.5 million in 2016. (3) Consolidated profit for the period after deducting profit attributable to non-controlling interest and profit from discontinued operations, and (ii) for 2015, accrued coupons on the Odirnane bonds; adjusted for the net of tax amounts of non-recurring income and expenses, and exceptional financial income and expenses. (4) Net cash generated from operating activities less capital expenditure, net of disposals. (5) Cash and cash equivalents less debt and after taking into account the fair value of hedging instruments. (6) Adjusted profit for the period divided by the weighted average number of diluted shares outstanding (excluding the dilutive impact of the Ornane and Odirnane bonds). (7) For 2016, the figure corresponds to the dividend that will be recommended at the Annual General Meeting on 16 May 2017.

3.2.2

REVENUE BY DIVISION

Total year-on-year change

Organic year-on-year change*

2016

2015

In millions of euros

Group

955.6 577.5 315.7

907.7 528.6 311.1

+5.3% +9.3% +1.5% (11.4)%

+5.4% +9.7% +1.3% (11.4)%

Global Product Solutions Energy & Infrastructure

Staffing

53.2

60.1

Holding company and Other

9.2

7.9

–

–

* Based on a comparable Group structure and constant exchange rates.

Organic growth and changes in scope of consolidation each added 1.3% to revenue in 2016 whereas the currency effect was a negative 1.1%. Excluding the impact of the revenue decline posted by the Saudi Arabia-based company, Radicon, organic growth was 5.3%. At €53.2 million (accounting for 5.6% of the consolidated total), revenue for the Staffing business decreased by 11.4%, as the positive effects of diversifying into the industry sector only partially offset the revenue drop seen in the Oil & Gas sector.

Revenue generated by Global Product Solutions came to €577.5 million and accounted for 60.4% of the consolidated total. This 9.3% year- on-year increase – which was driven by Aerospace and Automotive activities – breaks down as 9.7% in organic growth, a 1.3% positive impact from changes in scope of consolidation and a 1.7% negative currency effect. Revenue for the Energy & Infrastructure business rose 1.5% to €315.7 million and represented 33.0% of the consolidated total.

38

ASSYSTEM

REGISTRATION DOCUMENT 2016