RUBIS_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS 9

2017 consolidated financial statements and notes

NOTE 6. Summary segment information

ACCOUNTING POLICIES In accordance with IFRS 8, operating segments are those examined by the Group’s main operational decision-makers (the TopManagers). This segment analysis is based on internal organizational systems and the Group’s management structure. Apart from the Rubis holding company, the Group is managed in 3 main divisions: • Rubis Terminal, comprising the bulk liquid products storage businesses; • Rubis Énergie, comprising petroleum products distribution businesses; • Rubis Support and Services, which houses all infrastructure, transportation, supply and services activities, supporting the development of downstream distribution and marketing activities. Furthermore, the Group has defined 3 geographic segments: • Europe; • Africa; • the Caribbean.

Creation of the Rubis Support and Services division As explained in note 3.2 “Changes in the scope of consolidation” of the 2015 Registration Document, the acquisition of the Eres group in early June 2015 was a major investment in the supply, transportation, services and infrastructure business lines.

SARA and existing supply activities in the Caribbean have joined this new division, in which some Eres entities (vessels and support entities) are included.

Group Management wished to create a third business line, Rubis Support and Services, which houses all infrastructure, transportation, supply and services activities, supporting the development of downstream distribution and marketing activities.

6.1 INFORMATION BY BUSINESS SEGMENT

6.1.1 Elements in the income statement by business segment The following table presents, for each business segment, information on income from ordinary business activities and the results for 2017 and 2016. Each column in the table below contains figures specific to each segment as an independent entity; the “Intra-group” column groups together transactions and accounts between the

different segments, which have been eliminated.

12/31/2017

Rubis Support and Services

Parent company

Intra-group eliminations

Rubis Terminal

Rubis Énergie

Total

(in thousands of euros)

Sales revenue

328,922

2,708,603

895,072

55

3,932,652

Intersegment sales revenue

73

165

4,898 4,953

(5,136) (5,136)

SALES REVENUE

328,995 2,708,768

895,072 98,684 63,741

3,932,652

EBITDA

102,421 69,389

313,519 253,711

(18,563) (18,830)

496,061 368,011

EBIT

Share of net income from joint ventures OPERATING INCOME AFTER PROFIT/LOSS FROM JOINT VENTURES

3,260

3,260

Income tax expense TOTAL NET INCOME 2017 Registration Document I RUBIS 224

78,249 (3,266) (20,024) 55,239

249,977 (13,977) (50,218) 187,650

64,060

(18,830)

373,456 (14,331) (79,437) 282,838

Cost of net financial debt

179

2,201 2,791

532

(11,986) 53,254

(13,305)