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ACTIVITY REPORT 2017
20
THE EGIS BRAND IS 20 YEARS OLD20 years of roads travelled under the same Egis signature, forever growing and developing our reputation with our clients. And more than 70 years of activity, passion and devotion to
fulfilling the challenges of a fast-changing world.
03 | From the Chairman04 | Key figures 2017
06 | Points of view10 | 2017 highlights
18 | Governance20 | Financial disclosures
OF THE BRANDAY
RE S
3
FRO
M TH
E C
HA
IRM
AN
Today, our company is liv-ing in the midst of a chang-ing world… one that is changing fast! To map out
its course in an increasingly concen-trated competitive landscape, Egis has stepped up its efforts to pursue strong growth, with an ambitious objective for 2020: to become one of the world’s top five Europe-based engineering firms.For many years now, our group has been drawing on its values, its his-tory and its teams’ vitality to power itself forward, innovating and pre-paring today the world of tomor-row. To meet this challenge, we are continuing to pursue the actions and initiatives within our Imagine project which has been accompany-ing the group’s development since 2016. It aims to reinforce each of our strengths so that we can look to-wards the next three years from the most advantageous position. It is in this spirit of continuity and progress that 2017 also saw us cel-ebrating the 20th anniversary of our Egis brand.Above and beyond its purely sym-bolic value, we see this anniversary as the transition between a past rich in achievements and a future full of promise. This is why we have cho-sen to give it special prominence in this activity report in which we look back on how our group has devel-oped but also consider the challenges of tomorrow alongside the younger generation.
Nicolas JachietChairman & Chief
Executive Officer
GIVING MEANING TO THE FUTURE
€1.050 Bnmanaged turnover in 2017
62 % of business outside
France
Engineering Operation and mobility services
24% 76%
4
Geographical breakdown
10%
6%
20%17%
2%
38%
Africa
America
Europeexcl. France
Middle East
AsiaAustraliaOceania
France
7%
2015 2016 2017
Managed turnover
€949million
€1.040 billion
€1.050 billion
7%
5%6%
8%
19% 22%
30%Aviation
Urban dev'tEnvironment& energy
Water & Ports
Roads
Mobilités
Buildings
Urban & rail transport
3%
25%
6%
66%
Mobility services
Energy
Airport operation
Road operation
3%
29road operating subsidiaries
in 18 countries
17airports operated
in 8 countries
Order intake (Engineering)
€729 million
Free cash flow
€80 million
Distributable net profit*
€39.6 million
Distributable net profit corresponds to the net profit attributable to equity shareholders plus or minus deferred tax and capital gains and losses recognised in comprehensive income or in equity attributable to group shareholders.
5
KE
YFIGU
RE
S 2017
13,600 employees
8,200engineering
5,400operation
Up by 30 % compared with 2016
*
In an ever-changing world, firms are required to constantly adapt to their environment, naturally giving rise to many questions and uncertainties. Nicolas Jachiet, Chairman and CEO and Rémi Cunin, Deputy CEO, hold an open and constructive conversation with two active members of the New Bees Team (see box on page 9), Alicia and Jérémie. Through their different points of view, Egis takes a look both at itself and into the future.
OUR CORPORATE CULTURE
NICOLAS JACHIETWhat a wide-ranging subject for a group like ours, which stands out through its diversity and plurality! Our corporate culture has developed over the space of nearly 60 years, since our group is the result of many companies successively joining together, some of them more than half a century old! But all of the entities in our group already share common values, which lie at the very heart of our corporate culture. Egis also has a long-standing tradition of wide-ranging job disciplines, profiles and nationalities, which contribute to the value of who we are. We share the same taste for innovation, top-quality expertise and an acute sense of engagement within the group. This year, the 20th anniversary of our Egis brand gave us another opportunity to further increase our employees’ pride of belonging to the Group.
JÉRÉMIE SIMONI personally think that the notion of engagement is particularly im-portant, because it reinforces the group’s team spirit and leads to better performance from everyone. There can only be advantages to gain from employees fully buying into the company’s orientations, and from the fact that they feel proud of what they do and supported in their projects. Knowing that your own personal contribution contributes to the success of the firm is very moti-vating.
ALICIA JACOBAnd so is knowing that you’re working on some quite exception-al projects! Many of us want to be involved in projects that are useful and contribute to progress, in tune with their own values and those of the firm. When I joined Egis, I was immediately impressed with the quality of its references and by how innovative its solutions were, such as the “reverse toll” system that helps to smooth out road congestion peaks. I thought it was great that we were capable of implementing such an ingenious idea to improve the lives of motorists!
6
POINTSOF VIEW
RÉMI CUNINUnder the pressure of today’s major transitions, the world is changing, our job disciplines are changing and our service offering is developing to meet the varied requirements of our clients. Today everything is moving fast, projects are increasingly com-plex, and we have to face up to new challenges such as climate change or the digitalisation of our business. We accompany these major transforma-tions underway, which represent an opportunity in terms of performance, differentiation and competitivity which our Group needs. I think that our young employees, with their dy-namism, their agility, their intuitive proficiency of digital tools and their sensitivity to sustainability develop-ment, are particularly well-prepared to adapt to this fast change and help our group to evolve.
A. J.Absolutely, and that’s why we’re not scared about the future or resigned to it! We welcome change, challeng-es and constraints as brilliant oppor-tunities. The changes underway in our societies are major levers to in-novate and act upon the world. We are not in a passive position: quite to the contrary, our intention is to meet challenges head-on, and be proactive in these transitions. They are our motivation to keep moving forward, demonstrate our creativity and find solutions that offer efficient responses to our clients’ needs and to those of society.
J. S.We are aware that the challenge of the century consists of designing and building a new model for soci-ety, based on a green and inclusive economy. And Egis happens to give us the opportunity to act in tangi-ble terms! Since sustainable devel-opment lies at the heart of our vo-cation, we think it would be most useful to prioritise tenders judged according to these criteria, even be-fore economic considerations. Em-ployees will support the company more enthusiastically if the compa-ny clearly displays its commitment to society in its business strategy. We should be proudly flying the flag of our vocation!
PO
INTS
OF VIE
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7
A WORLD IN TRANSITION: FATE OR OPPORTUNITY?
J. S.The best way of encouraging crea-tivity within the Group is to actively encourage an intrapreneurial spirit. In supporting motivated employees who sponsor a viable project, the company sends out a positive signal to anyone who has an idea in their head but have never dared to act on it. In this respect, the Ideathon, the idea marathon (see page 14), was a great success because it helped about a dozen exciting and innovat-ing projects to finally see the day.
A. J.Support is essential. We have to give our budding innovators not only the time but also the means to develop and finance their projects, and most importantly the professional sup-port that they need. Risk-taking, allowing people to fail and trusting individual initiative are conditions which are essential to any intrapre-neurial approach.
N. J.In parallel, it is in our interest to innovate “out of the Egis box” by building stronger ties with start-ups and our partner environment. We will properly be able to improve our creativity in the long-term by encouraging the coming together of creative forces both inside and outside Egis. This, incidentally, is what we are testing with Cycle Up, our online platform for the reuse of construction materials. This highly successful venture between Egis and Icade, two subsidiaries of the Caisse des Dépôts, is a good example of collaboration working for the ben-efit of environmental transition and entrepreneurial drive.
A. J.And when we say innovation, we don’t necessarily always mean digi-tal. Yes, digital technology can accel-erate innovation in that it helps you to go faster, converse in real-time, exchange ideas and cooperate within a resource-rich ecosystem… But it is only one tool amongst many others. If a non-digital solution is a good solution, then it's good enough for us! Our assets run much deeper than this, particularly in a group like ours where our leading resource is human capital.
8
INNOVATION: REWRITING THE RULEBOOK!
R. C.Engineering disciplines are contin-uously developing. Beyond the fact that we have to master new digital tools, the very approach to our jobs is changing. Challenges are becom-ing increasingly complex and inter-dependent, and collaborative work-ing has become the norm to develop more innovative and more ambi-tious projects which will contribute to shaping the world in which we will live tomorrow. These develop-ments are something that engineer-ing is already experiencing everyday in its different activities, but it is just the beginning, and we are relying on our young generations of engineers to open up our disciplines to new missions.
A. J.I strongly believe that soft skills will be decisive for the engineers of the future, who will have to adopt a wider profile than merely that of a technical expert. They will have to be entrepreneurs, communication specialists, salesmen, solution pro-viders and also leaders. In a world where borders between disciplines are becoming more blurred and where subjects blend into one an-other, the engineer will have the role of an orchestra conductor; they will create connections with other trades, they will think and work across lines. They will work in an environment consisting of open in-novation, cross-disciplinarity and co-creation with the customer (de-sign thinking).
J. S.Engineers tomorrow will also be agile, prepared to accept change, adjust and develop in a world full of limitations. Engineers will be open to the world and will often work in an international environ-ment; they will not only be profi-cient in languages but also well-versed in cultural differences. They will be capable of understanding the specificities of a context, deci-phering the issues and capitalising upon their knowledge in tangible situations rooted in the heart of everyday reality.
WHAT’S THE NEW BEES TEAM?The New Bees Team is a cross-group or-ganisation bringing together 15 male and female employees with the role of pro-viding an objective view of the company’s strengths and weaknesses. This “young people’s task force” offers fresh perspec-tives on the group, on its operating methods, on the way it innovates and communicates, on its business culture, etc. As an integral part of Egis’s innovation network, it is also a force of proposal to governance bodies with which it enjoys a free and open dialogue. The New Bees Team was first instigated in France and is now spreading across the whole group, in particular in Brazil.
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WHAT SKILLS WILL TOMORROW’S ENGINEERS NEED?
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Before 1998Establishment of the group’s founding companies, specialising in major infrastructure project engineering:
Bceom OTH International Beture Infrastructure Séchaud et Metz Semaly Sofréavia Scetauroute
1998On 17 February 1998, the shareholders’ meeting adopts the name"Egis".
2006Acknowledged for its skills in all the areas of civil aviation, Sofréaviabecomes Egis Avia.
2010 Egis acquires
Guigues Environnement, a specialist in industrial water, urban water, sanitation and polluted sites and soils.
2011 Egis is joined by the Iosis
group, the French leader in building engineering and civil nuclear engineering.
Egis acquires the company Vega in Brazil, specialising in rail freight.
Egis aquires Transpass in the Netherlands, becoming a key playerin services to HGV fleets.
YOU’RE NOT 20 EVERY DAY!
...of talent
employees
A creative people firstresponsible company
...of shared values
201714,0001997
4,000
AYRE S
11
2012Egis acquires Aeroservice, a Brazilian company specialising in airport engineering and consulting.
2013 Egis acquires Helios,
a British aviation consultancy.
Egis acquires England TIR Group, adding to its range of services to HGV fleets.
2015Egis acquires Projacs, a leading project management firm in the Middle East, and Lenc, one of the leaders on the road and construction market in Brazil.
2016Egis, Poste Immo and Caisse des Dépôts create SOBRE, a new service offering for real estate professionals.
2017 HIG
HLIG
HTS
...of geographical expansion
...of growth Turnover
million euros
20171,0501997
413
of business outside France
201760%1997
40%
airport concessions
201717 in 8 countries1997
No
road operating subsidiaries
201729 in 18 countries1997
3
12
A growing group
ON THE ROAD TO MEXICOThrough the acquisition of OCACSA, a supplier of ser-vices to toll motorway users and concessionaires with 360 employees, Egis in 2017 be-came the leading independent motorway operator in Mexico with more than 200 km under operation.
NEW PERSPECTIVES IN HONG KONGThe 160 employees of 10 Design have joined the Egis group. This architecture and master planning firm established in Hong Kong, but also in Edinburgh and Dubai, enhances our offering and provides a decisive boost to our expansion in south-east Asia.→ WWW.10DESIGN.CO
201
7 E
N A
CTU
S
ENERGY TOMORROW Egis now offers a new turnkey service offering for heating and cooling networks, to meet the needs of the energy transition market and help regions to become energy self-sufficient. Fol-lowing heating and cooling networks on the Saclay plateau and in Rueil-Malmaison, Egis was awarded a project in 2017 for the Asnières-sur-Seine business park.
13
REINVENTING PARKINGEgis and Transdev created Moovia®, a new in-dustry reference brand in parking enforcement. At the beginning of 2018, Moovia® began a six-year contract relating to 115,000 street parking spaces in six Paris districts and a dozen other cities in France, including Bordeaux and Nice. Egis is supplying the systems and back-office operations required for parking enforcement under these contracts.
Towards new markets
"Cycle Up is the first ever global solution for the sector. It reflects Egis’s CSR
commitment and supports our long-term strategy in favour of the ecology and ener-
gy transition and low carbon buildings, a key element of sustainable and
responsible construction. d Sébastien Duprat,
Managing Director of Cycle Up
A SECOND LIFE FOR MATERIALSWith professionals offered free access to the service, Cycle Up was designed to bring the supply of reus-able materials closer to their demand and to be a matchmaker for market players: property owners, contracting authorities, architects, engineers, dem-olition contractors and builders. Cycle Up further-more has a wider social and regional development perspective, inviting local firms and employment agencies to become partners in developing dedicated services. To help this approach to emerge, the offer is augmented with services for re-use: analysis of resources, project management consultancy and training.
→ WWW.CYCLE-UP.FR
"
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Nearly40 START-UPS
are partners of our innovation projects
3D PRINTING BENEATH THE SEASeaboost (Egis group) and XtreeE pooled their unique skills in ecological engineering and large-scale 3D printing to design, manufacture and submerge the largest artificial reef of an entirely new generation. The concrete 3D printing tech-nology developed by XtreeE fostered the creation of an unprecedented porous architectural com-plexity, reproducing one of the richest natural habitats of the Mediterranean, as well as being difficult to recreate: Coralligenous. Seaboost won an award at the 2018 French Eco-entreprise Forum in the category "Sustainable management of water and ecosystems" for its operational in-novations in the field of ecological engineering and artificial reefs.
BRAINSTORMERSOur desire to try out new ways of innovating and fulfilling the entrepreneurial wishes of our employees led to the organisation of our first Ideathon (idea marathon) in 2017 on the theme “Data for the benefit of transitions”. This collec-tive adventure, a genuine driver of innovation, attracted 400 Group employees.
A wide range of subjects were addressed during this competition and subsequently taken up in the Egis incubator. These included virtual reality and digital models, the energy potential of waste-water treatment plants, big data and connected vehicles for safer roads, drones and the inspec-tion of airport runways, etc.
34 teams formed12 projects shortlisted
4 awards presented
1 WINNING PROJECT INCUBATEDTán ("carbon" in Chinese), a future platform to support carbon neutrality
15
An actor of influence
ITER, AN EXCEPTIONAL PROJECT FOR SIZEABLE CHALLENGES!Alain Baudry and the ENGAGE team have won the Industry and Technology Prize for the ITER (Interna-tional Thermonuclear Experimental Reactor) project which aims to create a new type of power station func-tioning on nuclear fusion.In terms of its scale and its technical complexity, this project is considered to be the most ambitious energy project in the world, with 35 participating countries, 8,000 3D models produced and more than 5,000 people involved.ENGAGE has since 2011 been responsible for project management consultancy and engineering, procurement and construction management across all disciplines for the construction of the entire site.
* Egis, Assystem, Atkins, Empresarios Agrupados
2017 HIG
HLIG
HTS
French National Engineering Awards 2017
FIDIC AWARD OF MERIT 2017for the Strasbourg Citadelle Bridge
EPA INNOVATION AWARD 2017category "Street parking"
BIM D'OR 2017 for line 16 of Grand Paris Express, category “Infrastructure projects”
TECHNICAL INNOVATION OF THE YEAR IN THE GLOBAL LIGHT RAIL AWARDS 2017
for the Midland Metro, Birmingham, United Kingdom
MIDI-PYRÉNÉES REGIONAL ENGINEERING AWARD 2017
for the Airbus A330 com-pletion and delivery centre project in Tianjin, China
ARCHITECTURE, URBAN PLANNING AND SOCIETY AWARD “GESTE D'OR”
for the Richelieu Quadrangle in the Bibliothèque Nationale de France, Paris
BEST OF SIMI AWARDS 2017→ Category “Services sector” awarded to the “smart campus” thecamp, Aix-en-Provence
→ Category “New office buildings > 50,000 m² awarded to Technopole Les Dunes, Fontenay-sous-Bois
ROLL OF HONOUR
A FEW AWARDS WON IN 2017
16
"It is imperative that employees buy into change to make it a success. Before anything else, we have
to measure how much support all the stakeholders need, then ensure that they are aware that change
is necessary and are prepared to conduct it. The course I followed helped me gain the knowledge
and skills that I need to bring about change in my everyday job. The human dimension is a fundamen-
tal component in the acceptance of transition."Patricia, an employee awarded Change
Management certification in 2017.
DIGITAL EMBASSY FOR EGIS
Our people,drivers of changeTransforming our job disciplines, expanding into new markets, learning new processes and tools… Our performance depends in part on our ability to enact change efficiently and without losing productivity by mobilising all the teams invol-ved. We train our people in change management so that they can apprehend these transformations efficiently and deliver a successful outcome.
Egis pulls every possible lever available to attract the best talent and adopts a new slant on recruitment, where the employer and the applicant choose each other mutually.For example we instigated a voluntary co-optation ap-proach in 2017, with a specific communication campaign #jadopteuncollegue (“I adopt a colleague”) which resulted in 7% of positions vacant being filled. We also ran Linked-In workshops for managers to reinforce the viral effect of our recruitment communications and encourage them to become ambassadors of the Egis brand on the social net-work. These tangible measures not only shone a spotlight on our employees by enhancing their external visibility, but also improved our appeal as an employer brand on social media.
90 % of skills developed through
practical application, exchange and knowledge sharing
and 10 % through training and individual
access to knowledge
54,000 hoursinvested in training in 2017
3,500 hoursof digital learning
6,700employees connected
45 employees certified in 2017 in
Change management in accordance with the ADKAR® model,
conceptualised by the Amercian firm Prosci.
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PLE
Egis provides its employees with innovative and multimodal prac-tices (blended learning) combining e-learning, classroom lessons and learning “on the job”. The overall aim is to convert knowledge into skills more quickly, smoothly and across lines. This mixed and ag-ile educational approach also al-lows them to receive their training “wherever and where whenever they want” removing time and space constraints imposed on them by their environment.In a world where skills change very fast, we are actively preparing our employees to the job functions of tomorrow (BIM manager, data analyst, cyber security expert, ge-omatician, etc.) and we conduct vocational training leading to quali-fications to develop and certify their skills throughout their career: BIM master, degrees from Paris business
School ESCP for our commercial staff and developers, certification in project management, etc. We are exploring new ways of ac-quiring and passing on knowledge in the workplace, such as tutor-ing (50 tutors on our “Guarantee” course dedicated to project manage-ment skill enhancement), or digital learning through online information and training tools, video tutorials, digital content libraries, etc.Finally we are reinforcing the access to and the sharing of our reference documents referring to our values and our commitments. The aim is to both ensure that our new arrivals within the group are well integrat-ed and facilitate the cohesion of our teams worldwide.
LEARNING DIFFERENTLY
90 % of skills developed through
practical application, exchange and knowledge sharing
and 10 % through training and individual
access to knowledge
54,000 hoursinvested in training in 2017
3,500 hoursof digital learning
6,700employees connected
18
GOVERN NCEA
EXECUTIVE COMMITTEE (COMEX) : The main governing body, debates the Group’s major
strategic decisions.
COMMITTEE FOR STRATEGIC ORIENTATION AND OPERATIONAL
COORDINATION (COSCO):Contributes to strategic thought
on the group’s orientations and deals with matters
relating to the coordination of operational activities.
GENERAL MANAGEMENT COMMITTEE (CDG):Advisory body to the Chairman & CEO.
This body plans and coordinates the Comex decision making
processes and also takes routine or urgent decisions.
EGIS’S GOVERNING BODIES
NICOLAS JACHIETChairman of the Board of Directors
Board of Directors
ELISABETH VIOLACaisse des Dépôts representative, Director of Banking Services, Caisse des Dépôts
LOIC BONHOUREDirector of Development, Caisse des Dépôts
EMMANUEL CALLICOIosis Partenaires representativeChief Executive Officer, Iosis Partenaires
JOCELYNE DE MONTAIGNACIndependent DirectorPresident of Map International
LAURENCE DORSIndependent Director, Associate Director, Theano Advisors
CLAIRE GAZDAGIosis Partenaires Director, Chief Financial Officer of Egis Projects
PIERRE-FRANCOIS GOUIFFÈSMember of SNI Group Executive Board Director of digital technology at CDC Habitat, Caisse des Dépôts
PHILIPPE ROFIDALEmployee directorEgis Group
FRANCOISE TAUZINATHead of Infrastructure, Transport and Engineering Unit, Caisse des Dépôts
PATRICK VANDEVOORDEFormer Chief Executive Officer of CDC Infrastructure, Caisse des Dépôts
19
GO
VER
NA
NC
E
20
GO
VER
NA
NC
E
PHILIPPE FREYDirector of France Buildings subsidiaries
THIBAUT DE LADOUCETTE*Chief Financial Officer
EMMANUEL MICHAUXChief Executive Officer of Egis Easytrip Services
CATHERINE JATTEAUDeputy Chief Executive Officer of Egis Structures & Environnement
ASHISH TANDONExecutive Director, India Business Unit
RÉGIS DUMAYExecutive Director, Major Structures, Water, Environment and Energy Business Unit
ISABELLE BOURGUET*Chief Strategy, Marketing and Communication Officer
YANICK BERNARDIAcquisitions Director
OLIVIER BOUVARTExecutive Director, Rail Business Unit
JEAN-EMMANUEL SEIXASExecutive Director, Brazil Business Unit
01
02
01 02
Committee for Strategic Orientation and Operational Coordination
ABDELLAH BENHATTASenior Executive Vice President of Egis Projects
BÉATRICE GASSERTechnical and Sustainable Development Director
JEAN-MICHEL RISTORIDeputy Chief Executive Officer of Projacs
EMMANUEL CALLICO*Senior Executive Vice President Production
JEAN-FRANÇOIS CAZES*Senior Executive Vice President Development
FRANÇOIS BIENVENUEExecutive Director, Urban Development, Roads and Mobility Business Unit
PHILIPPE LAURETChief Executive Officer of Egis Industries
BRUNO ALLIGIERChief Executive Officer Egis Bâtiments International
MARTINE JAUROYON*Chief Transformation and Sustainability Officer
Not pictured: THIERRY LESTOILLE Deputy Chief Executive Officer of Egis International
FROM LEFT TO RIGHT, BACK ROW FIRST
ALBAN TROUILLET Director, Water and Ports
FRÉDÉRIC WALETDirector, Major Structures and Geotechnics
21
FRANCIS BRANGIERChief Executive Officer, Egis Airport Operation
CHRISTIAN LAUGIERExecutive Director, Middle East Business Unit
AGNÈS CUVELIERExecutive Director, International Regions Business Unit
ERIC DESPLANCHESExecutive Director, Consulting Business Unit
SABINE BONNARDHR Group Vice Chief Officer – People & Organization Development
CÉDRIC BARBIERExecutive Director, Aviation Business Unit
THOMAS SALVANTExecutive Director, Buildings Business Unit
AMREI CHAUSSAT-AUGUSTIN*Corporate Secretary and General Counsel
NICOLAS JACHIET*Chairman and Chief Executive Officer
ASHRAF AL GARFChief Executive Officer of Projacs
PASCAL FORTÉDeputy Chief Executive Officer of Egis Rail
PASCAL LIGNERESStrategy Deputy Director
RENAUD BÉZIADEChief Business Development Officer
ADIL GUISSIDirector of Egis Engineering Middle East
CHRISTOPHE LAINÉChief Executive Officer of Egis Villes & Transports
RIK JOOSTENExecutive Director, Project Structuring, Operation & New Services Business Unit
SOPHIE MOREAU-FOLLENFANT*Chief Human Resources Officer
PATRICK VIELLARDChief Executive Officer of Egis Road Operation
EMMANUELLE FRÉNÉATDeputy Chief Executive Officer of Egis Road Operation
RAPHAËL MÉNARDDirector of Foresight Studies
RÉMI CUNIN*Deputy Chief Executive Officer
03
04
03 04
IN GREEN: also members of Comex*also members of Executive Committee
22
FIN
AN
CIA
L D
ISC
LOS
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FINANCIAL DISCLOSURES
Consolidated income statement
Consolidated balance sheet
(€ thousand) 2016 2017Managed turnover 1,039,550 1,049,662
Consolidated turnover 961,978 970,770Other operational revenues 20,774 26,304
TOTAL REVENUE FROM OPERATIONS 982,752 997,074Profit from equity-accounted entities 21,165 18,335
Operating expenses (930,805) (942,165)
EBITDA AFTER EQUITY-ACCOUNTED ENTITIES 73,112 73,244Amortisation, depreciation and profit / loss on disposals (17,480) (8,640)
OPERATING PROFIT 55,633 64,604FINANCIAL PROFIT / (LOSS) 1,910 (2,927)PROFIT BEFORE TAX 57,543 61,677Taxation (24,669) (21,56)
NET CONSOLIDATED PROFIT 32,873 40,122Attributable to
Non Group share 8,838 8,071Group share 24,035 32,050
ASSETS (€ thousand) 2014 2015 2016 2017net net net net
Intangible, tangible assets and goodwill 189,446 218,403 231,115 229,236
Participations in non-consolidated equity-accounted entities 130,102 146,198 329,322 344,118
Other non-current assets 161,100 160,714 133,116 127,034
TOTAL NON-CURRENT ASSETS 480,648 525,315 693,553 700,388Other current assets 578,983 594,531 622,809 637,086
Cash and cash equivalents 224,473 146,683 205,221 221,452
TOTAL CURRENT ASSETS 803,456 741,214 828,030 858,537
TOTAL ASSETS 1,284,104 1,266,529 1,521,583 1,558,925
23
LIABILITIES (€ thousand) 2014 2015 2016 2017net net net net
Equity attributable to Group 346,315 326,700 436,507 434,375
Minority interests 46,726 48,176 120,996 141,510
TOTAL EQUITY 393,041 374,876 557,503 575,885
Provisions for risks and charges 69,667 75,159 75,661 74,964
Put option on minority shareholders 41,231 38,238 44,863
Borrowings and financial liabilities 189,710 163,984 163,243 108,126
Deferred tax liabilities 6,836 7,271 20,666 20,505
TOTAL NON-CURRENT LIABILITIES 266,213 287,645 297,808 248,458
Provisions for risks and charges 27,683 22,875 20,746 18,079
Borrowings and financial liabilities 55,817 46,914 46,843 45,753
Other current liabilities 541,350 534,219 598,683 670,751
TOTAL CURRENT LIABILITIES 624,850 604,008 666,272 734,582
TOTAL LIABILITIES 1,284,104 1,266,529 1,521,583 1,558,925
Shareholders
Statutory Auditors
74,99% 18,99%FCPE - employee shareholding 5,57%
Treasury shares 0,44%
Private investors <0,01%
Pricewaterhouse Coopers63 rue de Villiers92208 Neuilly sur Seine
Represented by Mr Bruno TesniereAppointed on 12/06/2009Extended on 27/03/2015End of appointment Annual General Meeting to approve 2020 financial statements.
Mazars & Guerard61, rue Henri Régnault92075 Paris La Défense
Represented by Mr Achour MessasAppointed on 15/05/2000Extended on 05/04/2018End of appointment: Annual General Meeting to approve 2017 financial statements.
Egis SA's share capital amounts to €68,640,495.00 made up for 4,576,033 shares of €15 each.
The Company’s shareholder structure at 31/12/2017 was as follows:
15 avenue du Centre, CS 20538 Guyancourt78286 Saint-Quentin-en-Yvelines CedexContact: [email protected]
Design and layout: Kiblind Agence - Egis Communications Department
Copyright: © Egis 2018 © Mario Renzi © 10DESIGN © Alberto Tortola © Anne Demians © Unsplash - Alex Jones © Seaboost © Aurélie Dardoise © Iter organization © Mario Renzi © Waooimage - Arnaud Reichert © Mario Renzi © Brigitte Cavanagh
The Communications Department thanks all the employees who contributed to this annual report.
Printed by Manufacture d'Histoires Deux-Ponts - 5 rue des Condamines, 38320 Bresson, France.This publication was printed using vegetable-based inks on 100% recycled cocoon paper and by a French printer assessed and deemed compliant with requirements of the Imprim’Vert label and certified by the Print Environnement trademark (N° 2011-D-34-01) acknowledging its compliance with its Environmental charter and its sustainable development policy on its premises.
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