Cap Gemini - Registration Document 2016

FINANCIAL INFORMATION

4.1 Analysis on Capgemini 2016 Group consolidated results

Operations by major region

20% France

16% United Kingdom & Ireland

8% Asia-Pacific & Latin America

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30% North America

26% Rest of Europe

North America reported revenues of €3,800 million in 2016 (30% of Group revenues), a 14.5% year on year increase at constant exchange rates. This growth reflects the impact of the consolidation of 12 months of IGATE revenues in 2016. Excluding IGATE, the year 2016 was marked by the severe contraction in the Energy & Utilities sector, which fully offset the 3.3% organic growth recorded in other sectors, notably in Financial Services and Manufacturing. Operating margin for the region rose 0.5 point year-on-year to 15.4% of revenues. Thus, at €587 million, the operating margin has more than doubled in the past two years. €1,993 million (16% of Group revenues) rose 4.1% at constant exchange rates to €1,993 million. Local momentum was fueled by the private sector (now accounting for 57% of the region’s revenues) which grew organically at around 10% while public sector revenues were down as anticipated. The Brexit vote did not materially affect the activity in the region, however, the depreciation of the pound sterling against the euro led to a 7.3% United Kingdom and Ireland reported 2016 revenues of decline in consolidated revenues and has lowered by 2 points to 16% the region’s weight in the Group. The operating margin is €290 million, representing an operating margin rate of 14.6%, up 1.2 points on 2015. France reported revenues of €2,567 million (20% of Group revenues) up 5.0% year-on-year driven by strong growth in the Retail & Consumer goods, Financial Services and the

Manufacturing & Automotive sectors. By business, performance was particularly strong in Application Services. The operating margin for 2016 increased by 18% in value and by 1.0 point in rate to reach €234 million and 9.1% of revenues. The Rest of Europe region (which includes Benelux since January 2016 and now represents 26% of Group revenues) with revenues of €3,214 million reported a 5.3% growth at constant exchange rates. Retail & Consumer goods, Manufacturing & Automotive as well as the Public sector were among the most dynamic sectors this year. Geographically, Germany and Scandinavia recorded the strongest growth in the region, while activity in the Benelux remained stable. Operating margin was €339 million and 10.5% of revenues, up 0.3 point year-on-year. The Asia-Pacific and Latin American region (8% of Group revenues) recorded growth of 8.2% at constant exchange rates to €965 million in 2016, with this year again contrasting trends. Growth in the Asia-Pacific region, supported by the development of Financial Services, remains very strong. The situation in Brazil continued to weigh on the performance of Latin America, which recorded a further contraction in revenues. The operating margin was €64 million in 2016, compared with €39 million the previous year. The improvement in profitability in Asia Pacific has more than offset the deterioration in Latin America, resulting in an operating

margin rate expansion of 2.4 points to 6.6%.

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Registration Document 2016 — Capgemini