FFP_REGISTRATION_DOCUMENT_2017

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GROUP PRESENTATION Portfolio presentation

www.dksh.com

BUSINESS

OWNERSHIP STRUCTURE (31/12/2017)

DKSH is the leading provider of market expansion services, particularly in Asia. It has been listed on the Swiss stock exchange since 2012, and helps companies and brands to expand their business in new or existing markets. Although DKSH is a Swiss company with its head office in Zurich, it is deeply rooted in Asia-Pacific with a 150-year tradition of trading in the region. With almost 800 sites in Asia-Pacific plus 30 in Europe and the Americas, spread over 37 countries, and a specialised workforce of more than 31,970 employees, DKSH is one of the 30 largest Swiss companies in terms of sales and headcount. The company offers a combination of marketing, procurement, sales, distribution, logistics and after-sales services. It offers customers its expertise and logistics on the ground through a comprehensive network of unmatched scale and depth. Marketing activities are organised into four specialist divisions covering DKSH’s areas of expertise: consumer goods, healthcare, performance materials and technology. In 2017, revenue grew by 4.8% and by 3.7% at constant scope and exchange rates. EBIT totalled CHF 297 million, an increase of 1.4% or 1.3% at constant exchange rates. The company generated CHF 139.5 million in free cash flow. FFP invested €85.4 million in DKSH in 2008 alongside the founding shareholders. Part of the investment went to buy out shareholders who were looking to exit and the rest to subscribe for a capital increase. As planned in a shareholders’ agreement signed at the time of the investment, DKSH floated on the stockmarket in 2012. At that time, FFP, along with the other shareholders, sold 35% of its stake for €91.6 million. In April 2013, FFP sold a 0.8% stake in DKSH for €32 million as part of a block disposal alongside other long-term shareholders. At 31 December 2017, the FFP group (via wholly owned subsidiary FFP INVEST ), held 5.9% of DKSH. The value of the shareholding, for the purposes of Net Asset Value and the consolidated financial statements, is based on the share price at 31 December 2017. Robert Peugeot is a member of the DKSH Board of Directors. FFP’S INVESTMENT

5.9% FFP INVEST

44.9% Free float

45.0% DKH

4.2% Georges Loening

MAIN FIGURES

2016

2017

(in millions of Swiss francs)

Revenue Change

10,505 11,006 4.5% 4.8%

Operating income

293

297

Margin

2.8% 2.7%

Net profit attributable to equity holders of the parent

213

213

Net margin

2.0% 1.9%

1.5 3.0

1.65*

Ordinary dividend (in CHF) Special dividend (in CHF)

0.0*

Equity

1,642 (513)

1,576 (344)

Net debt

* Proposed to the AGM.

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FFP

2017 REGISTRATION DOCUMENT