Sopra Steria - 2019 Convening notice


MESSAGE FROM THE CHAIRMAN Dear Shareholders, It is my pleasure to invite you to attend the Combined General Meeting of Sopra Steria Group shareholders, to be held on Wednesday, 12 June 2019 starting at 2:30 p.m. at the Pavillon Dauphine, Place du Maréchal De Lattre de Tassigny, Paris 16, France. The world we live in is changing in so many differentways, andour clients areembarkingon far-reaching transformations. Our business is also experiencing sweeping changes. Sopra Steria Group is adapting and adjusting to its environment to maintain and strengthen its enduringpartnershipswithitsmajorclients,just as it has always done over the past 50years. At Sopra Steria – which recorded revenue of over €4 billion and now has close to 45,000employees – strategicdecisions always put our long-term vision and respect for the commitments made to our clients first. We constantly ensure that we aremaking the right levelof investmentstosecureourGroup’s long- term future and growth. In the same vein, we made a decision many years ago to play an active role in the major workforce-related, environmental and social changes taking place, and to make a positive contribution to the challenges they represent. And Sopra Steria’s policy of sustainable growth has gained recognition precisely because of this approach. In January 2019, for the second year in a row, CDP ranked the Group’s environmental performance in the A List – the highest level – and the Group’s

“Sopra Steria’s policy of sustainable growth has gained recognition precisely because of this approach. In January 2019, for the second year in a row, CDP ranked the Group’s environmental performance in the A List – the highest level.”

overall corporate responsibility performance was again awarded EcoVadis’ Gold medal with a score at the Advanced level. Our strategy as an independent group rests on two key pillars: adding more value for our major clients in their own specific areas of business, and harnessing the strengths of our software business to set ourselves apart from our competitors, especially in the financial services sector, where we can leverage synergies with our services businesses. 2018 was a year of major progress, with enhancements to Sopra Steria’s business model, investments in innovation and several key acquisitions. Our performance was held back by delivery issues. They indicate that the transformation initiatives launched within the Group need to accelerate and require a more robust internal governance framework. The necessary decisions have been taken and are being implemented. This will help the Group pursue its medium- term strategy. Themost significant progress achieved in2018 includes the expansion in the Consulting business to 10% of the Group’s revenue from 7.5% in the previous year. Promising first resultswerealso recordedas a result of the far- reaching transformation programme launched in the United Kingdom. Adjustments were made to human resources, and trends in revenue and operating profitability picked up in the second half. Lastly, a number of Sopra Banking Software’s major transformation projectswere successfully completed, with the Platform product going live for European clients, Amplitude Up for clients in English- speaking Africa, and Cassiopae in North America. The acquisition of Apak also established an unrivalled global position in the asset finance softwaremarket.

Going forward in 2019, we are optimistic and determined, mindful of what we need to do to reach our objectives. In a market driven by digital transformation, we are confident in our ability to steadily and continually raise our performance. Over the medium term, we are targeting annual organic revenue growthof between4%and6%, anoperating margin on business activity of around 10%, and free cash flow of between 5% and 7% of revenue. As every year, I would like to share with you these evolutions during our General Meeting. This General Meeting is a prime opportunity for Sopra Steria Group and its shareholders to exchange information and engage in dialogue. I hope you will be able to take part in this meeting in person to express your thoughts on decisions concerning the Group. However, if you are not able to attend, you still have the option of voting by mail or online, or appointing the Chairman of the General Meeting or any other person you choose to serve as your proxy. You will find all the relevant information in this document, as well as the meeting’s agenda and the draft resolutions which will you will be requested to approve. Documents and information may also be consulted on Sopra Steria Group’s website: The day, on which the meeting is held, you will also be able to consult all the materials presented there and the results of resolution votes on the Group’s website. On behalf of the Board of Directors, I would like to thank each and every one of you for your trust and your loyalty, and I hope to see you on 12 June.

PIERRE PASQUIER Chairman of Sopra Steria Group



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