Sodexo Group Presentation · SODEXO AT A GLANCE WORLD LEADER IN QUALITY OF LIFE SERVICES ... Presentation of the Pass for reimbursement ... RKHS India 2007-2010 2011-2012

Sodexo Group Presentation

April 2016

AGENDA

1. SODEXO AT A GLANCE

2. H1 FISCAL 2016 RESULTS

3. FISCAL 2015 SOLID FINANCIAL PERFORMANCE

4. OUTLOOK

5. SHAREHOLDERS & INVESTOR RELATIONS

6. APPENDICES

2 – Sodexo Overview, April 2016

SODEXO AT A GLANCE


SODEXO AT A GLANCE

SODEXO: KEY FACTS AS PER FISCAL 2015

€19.8 bn Revenues

420,000 employees

19thlargest employer worldwide

75 million consumers served daily

32,200 sites

80 countries

€14.3 bn Market capitalization (as per April’16) – CAC 40 Index

Strong Investment Grade Rating

S&P A-

� Founded in 1966 by Pierre Bellon

� Main Shareholders :

Bellon S.A, 37.7% (53% of voting rights)

International Institutional investors, 41.9%

Sodexo Overview, April 20164 –

SODEXO AT A GLANCE

OUR MAJOR STRENGTHS

5 –

IndependenceSignificant

marketpotential

A unique range of Quality of Life Servicesparticularly well aligned

with evolving client demand

A global network covering

80 countries

Undisputed leadership in developingeconomies

A robust financial modelthat allows Sodexo to self-finance its

development

A strong culture and engaged

teams

Sodexo Overview, April 2016

SODEXO AT A GLANCE

WORLD LEADER IN QUALITY OF LIFE SERVICES

ON-SITE SERVICES

PERSONAL AND HOME SERVICES

BENEFITS AND REWARDS SERVICES

8 client segments: 5 service categories: 3 service categories:

page 6

� Corporate� Remote Sites� Defense� Justice� Sports & Leisure� Health Care� Seniors� Education

� Employee Benefits� Incentives and

Recognition� Public Benefits� Gift� Expense

Management

� Childcare� In-Home Senior

Care� Concierge services

An unrivaled array of services through 3 activities:


SODEXO AT A GLANCE

INTEGRATED QUALITY OF LIFE SERVICES OFFER


21%6%

18%4%4%4%

9%30%

United Kingdom and Ireland

10%

North America

41%

Continental Europe

31%

SODEXO AT A GLANCE

FISCAL 2015 REVENUE distribution

8 –

Benefits and Rewards Services Issue volume of €16.4 billion

4%

Rest of the World

18%

Revenue by activity and client segment

Distribution by geographic region

On-site Services 96%

Corporate

Defense

Justice Services

Remote Sites

Health Care

Seniors

Education

Sports and Leisure


SODEXO AT A GLANCE

SODEXO’S VALUE PROPOSITION

Increase peoplesatisfaction, motivation

and effectiveness

Enhance processesquality, efficiency and productivity

Improve infrastructureand equipment utilization,

reliability and safety

To deliver � Enhanced Quality of life to client employees� Support for client development and achievement of o bjectives

DESIGN MANAGE DELIVER

… adapted to client priorities :

� Maximizing value added with a unique and differentiating offer…


SODEXO AT A GLANCE

KEY GROWTH DRIVERS

OVERALL SEGMENT SPECIFIC

� A global economy in which capital, information, talents and trade are continuously interconnected

� Rapid urbanization and development of megacities

� Emerging market demand: transfer of economic power to new emerging countries and a rising middle class

� Increased public deficits that create additional pressures to find savings through outsourcing

� Development of new information and communication technologies

� The growing influence of consumers seeking wellbeing, quality of life, improved health and personalized service

� Environmental issues

� Outsourcing and consolidation of multiple service providers

HEALTH CARE, SENIORS AND EDUCATION

� Demographic change (population growth, life expectancy, expanding number of students, etc.)

REMOTE SITES

� Oil, gas and mining projects due to energy/raw material prices/demand

BENEFITS AND REWARDS

� Battle for talent, work/life balance, welfare policies

� Employee retention and motivation

PERSONAL AND HOME SERVICES

� Employee motivation, work/life balance, aging population


SODEXO AT A GLANCE

SODEXO : REGULAR AND SUSTAINED PERFORMANCE

+4.3% CAGR over 15 years





SODEXO AT A GLANCE

SODEXO : REGULAR AND SUSTAINED PERFORMANCE

+9.6% CAGR over 15 years+14.2% CAGR over 15 years


SODEXO AT A GLANCE

BENEFITS AND REWARDS: THE PASS CYCLE


SODEXO PASS CLIENTS

AFFILIATED MERCHANTS BENEFICIARIES

Delivery of the Pass

Use of the Pass

Payment of the value

Reimbursement of the value

Presentation of the Pass for reimbursement

Distribution of the Pass

SODEXO AT A GLANCE

SODEXO’S DEVELOPMENT - 50 years of history

International expansion starts

Service Vouchers launched

Sodexo founded by Pierre Bellon

1966

IPO of Sodexo on Paris stock exchange

Gardner Merchant UK, Partena Sweden

Michel Landelbecomes CEO, Pierre Bellonremains Chairman of the Board of Directors

2005

Sogeres France, Wood Dining Services US

International development: Americas, Russia, South Africa & Asia

1985 - 1993

Sodexo Marriot Services US

1983

Sodexo refines its strategic positioning

2009

VR Brazil, Score Groupeand Crèche Attitude France, ZehnackerGermany, Comfort Keepers & Circles US, RKHS India

2007-2010 2011-2012

Puras do BrasilBrazil, LenôtreFrance, Roth Bros US

1971 - 1978

2001

19951998-2001


Sophie BellonChairwoman of the Board of Directors

2016

Acq

uisi

tions

H1 FISCAL 2016 RESULTS


HIGHLIGHTS OF THE PERIOD


Recognized strategy and performance

Sodexo joins the CAC 40

Continuity in governance

Sophie Bellon succeeds Pierre Bellon as Chairwoman of the Board of Directors

Renewed recognition of Sodexo's societal commitment s� RobecoSAM Sustainability Yearbook 2016 : Number 1 in sustainable development in its sector,

for the 9 th consecutive year

� United Nations: Women’s Empowerment Principles CEO Leadership Award

Signature of a major contract for the Group

Rio Tinto

H1 16

A MAJOR CONTRACT IN THE GROUP’S HISTORY: RIO TINTO

UNPARALLELED VALUE FOR THE CLIENT


� Technical expertise and global experience

� Sophisticated services in a variety of complex environments• 1.7bn euros over 10 years

• 500,000 sq.km

• ports, towns, aerodromes, operational sites, houses, etc.

� Sustainable energy management with cost savings

� A strong commitment to employing members of the local aboriginal communities

PERFORMANCE IN LINE WITH OBJECTIVES

18 –

Operating profit*

Operating margin*

€658m + 7.9%Excluding currency

effects

6.2% + 30 bpsExcluding currency

effects

* Excluding exceptional expenses related to the adaptation and simplification program (€37m in H1 2016)

Exceptional expenses €37m

Reported revenue €10.6bn +2.5%Organic growth

excluding Rugby

+3.7%Organic growth

+6.7%Total growth

H1 16


SOLID NET PROFIT AND CASH POSITION

19 –

Group net profit

€359m + 4.6%Excluding currency

effects

Free cash flow €54m + 5.9%

€383mBefore exceptionals*

After exceptionals*

* Exceptional expenses (net of taxes) related to the adaptation and simplification program

+ 4.7%

+ 11.2%Excluding currency

effects

+ 11.7%

H1 16


DYNAMIC GROWTH

20 –

On-site Services

+ 3.6%Benefits and Rewards Services

+ 6.3%

Organic growth + 3.7%of which:

Revenue growth + 6.7%

Currency effect+ 2.9%

Scope changes+ 0.1%

H1 16


21 –

GROWTH IN OPERATING PROFIT*

€ millions

H1 2016H1 2015

620+ 7.9%

EXCLUDING CURRENCY EFFECTS

Operating margin*

6.2%6.2%

+ 30 bpsEXCLUDING CURRENCY EFFECTS

Operating profit*

658

At current exchange rates

At constant exchange rates6.5%

* Excluding exceptional expenses related to the adaptation and simplification program (€37m in H1 2016)

H1 16


LAUNCH OF ADAPTATION AND SIMPLIFICATION PROGRAM

ANNUAL SAVINGS OF AROUND €200M IN FISCAL 2018

� Gradual increase in savings from H2 2016

� 100% payback by Fiscal 2018

22 –

EXCEPTIONAL EXPENSES OF AROUND €200M

� September 2015 to February 2017

� Of which €37m in H1 2016 and around €100m in Fiscal 2016

� Faster alignment of on-site operating expenses

� Organizational simplification

� Increased international pooling of resources

H1 16


GROWTH IN CONSOLIDATED INCOME

23 –

H1 2016 H1 2015

10,596 9,931

658 620

6.2% 6.2%

(37) -

621 620

(49) (79)

35.5% 35.5%

383 343

359 343

2.33 2.23

CHANGEAt current

exchange rates

Excludingcurrency effect

+6.7% +3.8%

+6.1% +7.9%

= +30 bps

+11.7% +11.2%

+4.7% +4.6%

+4.5% +4.5%

€ millions

Revenues

Operating profitbefore exceptional expenses

Operating margin

Exceptional expenses

Operating profit

Net financial expense

Effective tax rate

Group net profitbefore exceptional expenses (after tax)

Group net profit

Diluted earnings per share(diluted)

H1 16


CONSOLIDATED CASH FLOW

24 –

H1 2016 H1 2015 CHANGE

Operating cash flow 587 483 +21.5%

Change in working capital* (314) (248)

Net cash provided by operating activities 273 235 +16.2%

Net capital expenditure (176) (160)

Less change in financial assetsrelated to the Benefits and Rewards Services

(43) (24)

Free cash flow 54 51 +5.9%

Net acquisitions (39) (45)

Share repurchase program (193) -

Dividends (335) (275)

Other changes in shareholders' equity 34 (9)

Other changes (including scope and exchange rates) (104) (156)

(Increase)/decrease in net debt (583) (434)

€ millions

*Including change in financial assets in Benefits and Rewards Services of €43M in H1’16 and €24M in H1’15.

H1 16


CONSOLIDATED BALANCE SHEET

25 –

February 29, 2016

February 28, 2015

February 29, 2016

February 28, 2015

Non-current assets 7,357 7,447 Shareholders’ equity 3,562 3,514

Current assets excluding cash 4,855 5,000 Non-controlling interests 45 40

Financial assets related to the Benefits and RewardsServices

689 749 Non-current liabilities 3,698 3,812

Cash 1,224 1,573 Current liabilities 6,820 7,403

Total assets 14,125 14,769 Total liabilities & equity 1 4,125 14,769

Net debt 923 805

Gearing ratio 26% 23%

€ millions

ROBUST RATIOS

Operating cash: €1,877m*, o/w Benefits and Rewards Servicescash investments and restricted cash: €1,510m

* Benefits and Rewards Services financial assets + Cash – Bank overdrafts

H1 16


ON-SITE SERVICES

SUCCESS OF INTEGRATED QUALITY OF LIFE SERVICES OFFERS

26 –

Health Care and Seniors� Growth in the United States

� Limited contract wins in Europe

� End of contracts in France

Education

Corporate

+2.7%

+1.5%

� Contribution of Rugby World Cup contract

� Ramp-up of integrated service contracts, especially in North America and the United Kingdom

� Steep decline in Remote Sites activity

� Modest growth in revenues from existing contracts and selective approach to new business in Europe


+5.0%

H1 organic growth

% of Fiscal 2015 On-site Services revenues

53%

22%

25%

H1 16

ON-SITE SERVICES

3.6% ORGANIC GROWTH

United Kingdom and Ireland

+ 27.0%

Rest of the World

- 4.4%

+ 1.6%Continental EuropeNorth

America + 3.6%

27 –

+ 7.2%excluding

Remote Sites

+ 12.2%excluding

Rugby

H1 16


Revenues

ON-SITE SERVICES

NORTH AMERICA

28 –

€ millions

Corporate

Health Care and Seniors

Education

4,014

+3.6%

ORGANIC GROWTH

Organic growth

Favorable currency

effect

� Robust growth in the Corporate segment

� Compelling contract wins

� Q1 impact of withdrawal from ManorCare contract

� Limited contract wins in prior year

� Increase in the number of meals served per site


H1 2016H1 2015

+7.5%

+4.6%

+0.8%

% of Fiscal 2015 revenues

26%

38%

36%

4,602

Acquisitions

H1 16

H1 2015 H1 2016

Operating margin

ON-SITE SERVICES

NORTH AMERICA

29 –

7.5% 7.1%

344

284

� Optimized food purchases cost savings

� Increased offer and menu standardization

� Lower overheads

+40 bps

Operating profit *

+9.6%

CHANGEEXCLUDINGCURRENCY

EFFECT

€ millions


* Excluding exceptional expenses related to the adaptation and simplification program

H1 2016

H1 16

Revenues

ON-SITE SERVICES

CONTINENTAL EUROPE

30 –

€ millions

� Contribution of integrated services contracts

� Solid growth at existing Corporate sites

� Selective approach to new business, especially in France

� Higher volumes inGermany and France

2,926

+1.6%

ORGANIC GROWTH

Unfavorable currency

effect

H1 2016H1 2015

Organic growth

Changes in scope

of consolidation


+3.3%

-3.1%

+2.1%

Corporate


Education

61%

16%

23%

2,943


H1 16

H1 2015 H1 2016

Operating margin

ON-SITE SERVICES

CONTINENTAL EUROPE

31 –

4.6% 4.3%

136127

� Productivity gains at existing sites

� Efficient management of food costs

+30 bps

Operating profit *

+7.5%

CHANGEEXCLUDINGCURRENCY

EFFECT

€ millions



H1 2016

H1 16

ON-SITE SERVICES

UNITED KINGDOM AND IRELAND

32 –

� Contribution of €131m Rugby World Cup contract in Q1 2016

� End of ramp-up phase for Justice contracts (launched in February 2015) and Corporate contracts (launched in H2 2015)

� End of ramp-up phase for new contracts won in prior year

Revenues

� Strong business development

€ millions


821

+27.0%

ORGANIC GROWTH

Favorable currency

effectOrganic growth

H1 2016H1 2015

Acquisitions

Rugby

Other

+12.2%excl. Rugby

Corporate


Education

+35.9%

+1.3%

+15.1%

73%

8%

19%

1,103


H1 16

H1 2015 H1 2016

Operating margin

ON-SITE SERVICES

UNITED KINGDOM AND IRELAND

33 –

6.0%

4.4%

36 +74.3%

CHANGE EXCLUDING CURRENCY

EFFECT

� Favorable basis of comparison (high contract start-up costs in Fiscal 2015)

� Efficiency gains on overheads

� Optimized managementof food purchases

� Contribution of Rugby World Cup

+160 bps

Operating profit *€ millions

66


H1 2016

H1 16


Revenues

ON-SITE SERVICES

REST OF THE WORLD*

34 –

� Sharp 18% decline in Remote Sites revenues

� Strong business development dynamic

� Continued steady growthin Latin America and Asia

€ millions

* Latin America, Africa, Middle East, Asia, Australia and Remote Sites


-6.1%

+20.6%

-0.4%

Corporate


Education

90%

4%

6%

1,745


effect

H1 2016H1 2015

Organic growth

Acquisitions1,558

-4.4%

ORGANIC GROWTH

+7.2%excluding

Remote Sites


H1 16

H1 2015 H1 2016

Operating margin

ON-SITE SERVICES

REST OF THE WORLD

35 –

2.8%

4.2%

43-44.9%


EFFECT

� Challenging economic environment in Latin America and mining and oil and gas industries

� Significant operating cost reductions, not sufficient to offset sharply lower volumes

-140 bps

Operating profit *€ millions

74


H1 2016

H1 16



ISSUE VOLUME AND REVENUES

36 –

€ billions

8.6Acquisitions


effect

Organic growth

+6.5%

ORGANIC GROWTH

Issue volume Revenues€ millions

428Acquisitions


effect

Organic growth

+6.3%

ORGANIC GROWTH

� Resilience in Latin America

� Ongoing growth in Europe and Asia

H1 2016H1 2015 H1 2016H1 2015

8.2 393

For organic growth calculation, H1 2016 revenues in Venezuelan bolivar are converted at the Fiscal 2015 exchange rate (USD 1 = VEF 199).

H1 16




37 –

4.0

Organic growth


effect

+9.6%

ORGANIC GROWTH

Revenues

Acquisitions229

+9.5%

ORGANIC GROWTH

Organic growth


effect

Latin America

H1 2016H1 2015 H1 2016H1 2015

� Higher face values and higher interest rates� Contract wins but decline in number of beneficiaries in Brazil� Healthy growth in Mexico and Chile


Acquisitions

Issue volume€ billions € millions

52%Fiscal 2015

3.3186

For organic growth calculation, H1 2016 revenues in Venezuelan bolivar are converted at the Fiscal 2015 exchange rate (USD 1 = VEF 199).

H1 16



38 –

Issue volume

4.6AcquisitionsOrganic

growth

Favorable currency

effect

+3.8%

ORGANIC GROWTH

Revenues

199

+2.8%

ORGANIC GROWTH

Changes in scope

of consolidationOrganic growth

Favorable currency

effect

Europe and Asia

� Solid momentum in Turkey and the Czech Republic� Modest growth in Western Europe

H1 2016H1 2015 H1 2016H1 2015


€ billions € millions

48%

4.9207

Fiscal 2015

H1 16


OPERATING PROFIT

39 –

Operating profit *

33.8%at current rates

36.9%

� Negative impact of exchange rates (mainly BRL)

� Tight control of overheadsand operating costs

H1 2016

158

+13.1%


EFFECT

Unfavorable currency effect

Change excluding

currency effect

37.8% at constant rates

€ millions

H1 2015

133


H1 16


FISCAL 2015 SOLID FINANCIAL PERFORMANCE


41 –

+2.5%Organicgrowth

Operating profit

Operating margin

€1,143 million +11.9%*Excluding

currency effects

5.8%

+90 bps*Over two years

excluding currency effects

+40 bps*vs fiscal 2014

excluding currency effects

Revenues €19.8 billion +10%Total growth

SOLID FINANCIAL PERFORMANCE

* Before exceptional items related to the operational efficiency improvement program in Fiscal 2014.


FY 15

Gearing ratio

42 –

A STRONGER FINANCIAL POSITION

Proposed dividend per share

Net debt (as of August 31, 2015) €339 million

Free cash flow €688 million +14.3%

9% 12%As of August 31, 2014

Share repurchase program(as announced on Nov 2015)

€2.20

€300 million

+22.2%

Group Net Income €700 million +32.4%Excluding

currency effects+42.9%

As of August 31, 2015


FY 15

ORGANIC GROWTH

On-site Services

+2.2%Benefits and Rewards Services

+9.5%

Organic growth: +2.5%

of which:


FY 15

ON-SITE SERVICES

ORGANIC GROWTH OF +2.2%

44 –

+12.8%

United Kingdomand Ireland

Rest of the World

+1.7%

+0.6%Continental EuropeNorth

America +1.5%


FY 15

ON-SITE SERVICES

SUCCESSFUL INTEGRATED OFFERSAND QUALITY OF LIFE POSITIONING

45 –

Health Care and Seniors� Impact of partial exit from HCR ManorCare

in the United States

� Limited business development in Europe

Education

Corporate � Contract start-ups in Justice segment in the United Kingdom

� Dynamic growth in integrated services in the United States

� Growth in Remote Sites at the start of the year

� More selective approach to new business

� Contract wins in emerging markets

+1.2%ORGANICGROWTH

-0.7%ORGANIC GROWTH

+3.9%ORGANICGROWTH


FY 15

ON-SITE SERVICES

GROWTH INDICATORS

46 –

2.5% 2.2%

93.4% 93.1%

7.1% 7.5%

Fiscal 2014 Fiscal 2015 Fiscal 2014 Fiscal 2015 Fiscal 2014 Fiscal 2015

Comparableunit growth

Client retention Businessdevelopment

including voluntary contract terminations


FY 15

ORGANIC GROWTH BENEFITS AND REWARDS SERVICES

47 –

Europe and Asia� Accelerated growth led by contract wins

in Turkey, India and China

Latin America

+3.8%ORGANIC GROWTH

IN REVENUES

+14.4%ORGANIC GROWTH

IN REVENUES

� Increase in face values and higher interest rates


FY 15

48 –

INCREASE IN OPERATING PROFIT*

€ millions

1,143

Fiscal 2015Fiscal 2014

966+11.9%

EXCLUDING CURRENCY EFFECTS

Operating margin

5.8%

5.4%

+40 bps

Operating profit

* Excluding currency effects exceptional items in Fiscal 2014 related to operational efficiency program


FY 15

INCREASE IN OPERATING MARGIN*

49 –

United Kingdomand Ireland

Rest of the World

Continental EuropeNorth

America6.3%

+100 bps

5.1%+60 bps

4.2%+10 bps

4.6%+40 bps

Benefits& RewardsServices

34.5%+0 bps

at constant exchange rates


FY 15

* Excluding currency effects exceptional items in Fiscal 2014 related to operational efficiency program

OPERATIONAL EFFICIENCY PROGRAM

50 –

EXCEPTIONAL IMPLEMENTATION

EXPENSES

Cumulativeover 18 months(Sept. 2012-Feb. 2014)

ACHIEVED

ANNUALSAVINGS

Fiscal 2015

Fiscal 2014

Fiscal 2013

166

100

28

170

€ millions


FY 15

INCREASED CONSOLIDATED RESULTS

51 –

Fiscal 2015 Fiscal 2014€ millions € millions

19,815 18,016

1,143 966

0 (27)

1,143 939

(107) (173)

(320) (265)

31.1% 34.8%

(16) (11)

700 490

CHANGEAt current

exchange ratesAt constant

exchange rates

+10.0% +2.6%

+18.3% +11.9%

+21.7% +15.1%

+42.9% +32.4%

Revenues

Operating profitbefore exceptional items

Exceptional items

Operating profit


Income tax

Effective tax rate

Non-controlling interests/Equity-accounted companies

Group net income


FY 15

CONSOLIDATED CASH FLOW

52 –

Fiscal 2015 Fiscal 2014 CHANGE

Operating cash flow 973 708 +37.4%

Net capital expenditure (353) (294)

Change in working capital 68 188

Free cash flow 688 602 +14.3%

Net acquisitions (49) (50)

Change in shareholders’ equity (323) (282)

Other changes (including scope and exchange rates) (284) (163)

(Increase)/decrease in net debt 32 107

€ millions


FY 15

CONSOLIDATED BALANCE SHEET

53 –

Aug. 31, 2015

Aug. 31, 2014

Aug. 31, 2015

Aug. 31, 2014

Non-current assets 7,334 6,852 Shareholders’ equity 3,710 3,189

Current assets excluding cash 4,396 4,120 Non-controlling interests 34 32

Financial assets related to the BRS activity 739 758 Non-current liabilities 3,593 3,830

Cash 2,008 2,748 Current liabilities 7,140 7,427

Total assets 14,477 14,478 Total liabilities & equity 14,477 14,478

Net debt 339 371

Gearing ratio 9% 12%

€ millions

ROBUST RATIOS

€1,476 million

Operating cash totaled €2,708 million, of which €1,476 millionrelated to Benefits and Rewards Services


FY 15

INTEGRATED SERVICES OFFER BOOSTED BY INVESTMENTS IN FACILITIES MANAGEMENT

54 –

€5.6bnFacilities management revenue,

including €1.2bnin multi-technical

maintenance services

Gross margin for multi-technical

maintenance services

0.6% higher thanfood servicesgross margin

6acquisitions in 10 yearsacross all continents

FMas a percentage of revenue

+10%Average annual growth

over 10 years

31%57%

United KingdomContinental Europe

18%

29%

Fiscal 2005

FMas a percentage of revenue

Fiscal 2015


FY 15

SUSTAINED DEMAND FOR BENEFITS AND REWARDS SERVICES

55 –

65%paperless/digital

Furtherdouble digit

growthin Latin America

6.9%8.5% 8.3%

13.0%

9.5%

2010-11 2011-12 2012-3 2013-4 2014-5

ORGANIC REVENUE GROWTH

Acquisition of Motivcom

in the United Kingdom,Sodexo becomes

European leader in incentive

and recognition

4new countriesPortugal, Panama,

Singapore and Taiwan


FY 15

RECOGNIZED POSITIONING AND LEADERSHIPIN QUALITY OF LIFE SERVICES

56 –

The Sodexo/Harris Interactive survey revealed that

91% of executives queried believe there is a link

between quality of life and their organization's

performance

A first international conference bringing together

global leaders in Quality of Life

Sodexo/Harris Interactive Survey - April 2015


FY 15

BETTER LEVERAGE OUR GLOBAL CONSUMER KNOWLEDGE

57 –

Facilitate the flow of information

Reinforcing ties

Strengthening relations with consumers

Bringing nutritional advice

https://mindful.sodexo.com/

Le Village in Paris

Partnerships

The Camp in Aix-en-Provence


FY 15

First international coalition

to combat wasteall along the food chain

SOCIETAL COMMITMENTS

58 –

SODEXOwith

PEPSICO UNILEVER

MCCAIN ARDO

SCAWWF

By 2017,

$1 billion in purchasesfrom

5,000 small and mid-sized enterprisesin

40 countries,including

1,500 managed by women


FY 15

Global Sustainability Industry Leaderin its sector for the 11th year in a row

RECOGNITIONS

59 –

No.1 among SBF 120 index companies in 2015for the proportion of women in senior management

� 43% women on the Group Executive Committee

� 38% women on the Sodexo Board of Directors

Recognized for its commitment to

reducing carbon emissions by 34%by 2020


FY 15

OUTLOOK


GLOBAL SEGMENTS

OUTLOOK

EVOLUTION OF THE ORGANIZATION

61 –

CORPORATESERVICES

ENERGY &RESOURCES

HEALTH CARE & SENIORS

GOVERNMENT & AGENCIES

UNIVERSITIESSCHOOLS SPORTS &LEISURE

DRIVE GROWTH AND CREATE VALUETHROUGH CLIENT SPECIALIZATION

77 GLOBALSEGMENTS

SERVICE OPERATIONS

TRANSVERSAL FUNCTIONS


FISCAL 2016 OBJECTIVES

� Organic revenue growth of around 3%

62 –

The objectives for Fiscal 2016 are as follows:

� Growth in operating profit of around 8%(excluding currency effects and exceptional items related to the adaptation and simplification program)


Reminder, the negative effect of the Brazilian real should continue in the second half, while the favorable effect of the U.S dollar should decline. However this is purely a conversion effect with no operational impact.

MEDIUM-TERM OBJECTIVES

63 –

The Group remains confident of achievingits medium-term objectives:

average annual growthin revenue of between 4% and 7%(excluding currency effects)

average annual growth in operating profit of between 8% and 10% (excluding currency effects)


SHAREHOLDERS & INVESTOR RELATIONS


Bellon SA37.7%

Allianz Global Investors Europe 2.8%

First Eagle Investment Management 2.5%

French institutional shareholders 12.7%

Employees 0.7%

Individuals 3.9%

Treasury shares 3.1%

SHAREHOLDERS AND INVESTOR RELATIONS

SODEXO SHARE OWNERSHIP as of August 31st 2015


International institutional shareholders 41.9%


SODEXO SHARE OWNERSHIP as of August 31st 2015


SHARE PERFORMANCE, SINCE THE INITIAL LISTING IN MAR CH 1983*:

� Share price multiplied by 43,1 (whereas the CAC 40 index has been multiplied by only 10.6, which means Sodexo’s shares have outperformed the CAC 40 by a wide margin)

� An average annual appreciation of 13.1%, excluding dividends .


SODEXO SHARES

� Sodexo shares are listed on NYSE Euronext Paris Euroclear code: FR 0000121220; included in the Next 20 index

� Sodexo American Depositary Receipts (ADRs) are traded on the over the counter (OTC) market, ticker SDXAY, with five ADRs representing one Sodexo share.

67 –

* as of August 31, 2015


Growth more than four timesthat of the CAC 40

Since the initial listing in 1983

SHARE PRICE has been multiplied by 50.7*


SHARE PERFORMANCE as of August 31st 2015


� Over the last five Fiscal years, Sodexo’s share price increased by 73%, whereas the CAC 40 index increased by 33% during the same period.

� During the last Fiscal year, Sodexo’s share price increased by 4.5%


FINANCIAL CALENDAR

These dates are purely indicative, and are subject to change without notice.

Regular updates are available in the calendar on our website www.sodexo.com.


APPENDICES


Average rates

H1 2016 Change

Period-end rates

February 29, 2016 Change

Impact of exchange rates vs. the euro on H1 2016

Revenues

Operating profitbefore

exceptional costs€1 =

U.S. Dollar 1.0939 + 11.5% 1.0888 + 3.2% + 457 + 34

Pound Sterling 0.7353 + 5.5% 0.7858 - 7.4% + 57 + 3

Brazilian Real 4.2896 - 27.2% 4.3394 - 24.9% - 156 - 32

APPENDIX 1

H1 2016 EXCHANGE RATES

71 –

€ millions


Average rate

Fiscal 2015 Change

Closing rate Aug. 31,

2015 Change

Impact of a 10% appreciation of the exchange rate of the following

currencies against the euro on

RevenuesOperating

profitShareholders’

equity

U.S. dollar 1.1594 +17.4% 1.1215 +17.6% 763 50 167

Pound Sterling 0.7462 +10.3% 0.7275 +9.3% 193 8 82

Brazilian Real 3.3020 -6.0% 4.0671 -27.2% 107 23 57

APPENDIX 2

FY 2015 - SENSITIVITY TO EXCHANGE RATES

72 –

€1 =


€ millions

APPENDIX 3

FINANCIAL DEBT ANALYSIS*AT FEBRUARY 29, 2016

73 –

41% €

INTEREST RATE

BY CURRENCY

16

140

301

6

BY MATURITY

< 1 year

1-2 years

2-3 years

3-4 years

4-5 years

> 5 years

* Financial debt of €2,802 million (excluding derivative financial instruments for €(2) million)

59% $

€ millions

2,289Average interest rate 3.4%at February 29, 2016

(vs. 3.8% at August 31, 2016)

50

0.5% Variable

99.5%Fixed


APPENDIX 4

FINANCIAL RATIOS

74 –

Fiscal 2015Fiscal 2014Fiscal 2013Fiscal 2012

9%

21%

16% 3.12.8

Gearing ratioNet debt/Shareholders' equity

Reimbursement capacityGross financial debt/Operating cash flow

objective < 75%

objective < 4 years


12%

4.1


3.4

APPENDIX 5

FINANCIAL RATIOS

75 –

9.0

6.05.4

0.2

0.5

0.4

Interest coverOperating profit/


Net debt ratioNet debt/EBITDA

objective < 2 years

objective > 5


6.6

0.3



APPENDIX 6

INVESTOR RELATIONS CONTACTS

76 –

Head of Investor Relations Virginia JEANSON Tel : + 33 1 57 75 80 [email protected]

Investor Relations ManagerAlejandra LEFEBVRE Tel : + 33 1 57 75 80 [email protected]

Investor Relations CoordinatorCynthia CATTYTel : + 33 1 57 75 80 [email protected]

Sodexo 255 Quai de la Bataille de Stalingrad92130 Issy Les Moulineaux

Email : [email protected]


www.sodexo.com

77 –

THANK YOU!


Documents

Sodexo Group Presentation · SODEXO AT A GLANCE WORLD LEADER IN QUALITY OF LIFE SERVICES ... Presentation of the Pass for reimbursement ... RKHS India 2007-2010 2011-2012