GECINA - REFERENCE DOCUMENT 2017

04

ANNUAL FINANCIAL STATEMENTS Notes to the annual financial statements at December 31, 2017

THE COMPANY’S RESULTS OVER THE LAST FIVE FISCAL YEARS

2013

2014

2015

2016

2017

I - CLOSING SHARE CAPITAL Share capital (€’000)

471,529

473,286

474,455

475,760

565,226

Number of ordinary shares outstanding

62,870,496 63,104,820 63,260,620 63,434,640 75,363,444

Maximum number of future shares to be issued by converting bonds, awarding performance shares and exercising stock options II - OPERATIONS AND EARNINGS FOR THE YEAR (in €’000) Net revenue Income before tax, depreciation, impairment and provisions

588,730 4,151,027

344,334

266,480

231,548

270,879

271,910

264,269

251,461

249,953

388,612 (3,818)

315,913 (2,849)

315,661

546,992

356,699

Income tax

(683)

78

(332)

Earnings after tax, depreciation, impairment and provisions

317,775 289,204

229,508 293,437

284,497 316,303

469,119

333,385

Distributed profits

329,860 399,426 (1)

III - EARNINGS PER SHARE (€) Earnings after tax but before depreciation and impairments Earnings after tax, depreciation, impairments and provisions

6.12

4.96

4.98

8.62

4.73

5.05 4.60

3.64 4.65

4.50 5.00

7.40 5.20

4.42

Total net dividend per share

5.30 (1)

IV - WORKFORCE Average headcount during the year

405

397

361

354

340

28,574

28,698

26,863

26,783

31,909

Annual payroll (€’000)

Annual employee benefits including social security and other social charges (€’000) Subject to approval by the General Meeting of shareholders. (1)

10,333

15,150

13,909

14,754

15,491

Workforce

4.3.6.3

Average headcount Management staff

2016

2017

158 119

163 123

Staff

Workers and building caretaker staff

63

68

TOTAL

340

354

Compensation for administrative and governance bodies 4.3.6.4 Attendance fees allocated to members of Gecina’s Board of Directors for 2017 amounted to €461,000. No loans or guarantees were granted or arranged for members of the administrative and governance bodies.

Consolidating company

4.3.6.5 None.

126 GECINA - REFERENCE DOCUMENT 2017

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