2017 HALF-YEAR RESULTS - synergie.com Half... · 2017 HALF-YEAR RESULTS STUDIO HARCOURT 6 RUE DE LOTA – PARIS 16 E SEPTEMBRE 14, 2017 - 10H30. ... for our clients (dematerialisation

2017 HALF-YEAR RESULTS

STUDIO HARCOURT6 RUE DE LOTA – PARIS 16 E

SEPTEMBRE 14, 2017 - 10H30

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� SYNERGIE, EUROPE’S FIFTH-LARGEST HUMAN RESOURCES MANAGEMENT GROUP

� HIGHLIGHTS

� 2017 HALF-YEARLY RESULTS

� OUTLOOK

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SYNERGIE, A PURE PLAYER IN HUMAN RESOURCES

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SYNERGIE, EUROPE’S FIFTH-LARGEST HUMAN RESOURCES MA NAGEMENT GROUP

TEMPORARY EMPLOYMENT

RECRUITMENT

TRAININGHR

ADVICE

PUBLIC SECTOR DIVERSITY

SOCIALENGINEERING

OUTPLACEMENT

OUR MISSION: TO OFFER OUR CLIENTS TAILORMADERECRUITMENT SOLUTIONS

A BENCHMARK EUROPEAN PLAYER IN HUMANRESOURCES MANAGEMENT

� No. 1 independent French HR services group� No. 5 European group � 100,000 client companies� 2,990 permanent employees� 70,000 temporary employees seconded daily� 640 branches in 15 countries� Turnover of €2 billion in 2016� Equity of €391 million at 30/06/2017

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2017 : 25 NEW BRANCHES

A STRONG PRESENCE IN EUROPE, CANADA AND AUSTRALIA

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FRANCE / UNITED KINGDOM / NETHERLANDS / BELGIUM / LUXEMBOURG / SWITZERLAND / GERMANY/ CZECH REPUBLIC / POLAND / SLOVAKIA / SPAIN / PORTUGAL / ITALY / CANADA / AUSTRALIA

LOCATED IN 15 COUNTRIES

A STRATEGY OF ACCELERATED INTERNATIONAL EXPANSION

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BREAKDOWN OF TURNOVER IN 2017

50%

45%

40%

34%

27%

21%

12%

5%

2017

2012

2010

2008

2006

2004

2002

2000

50%FRANCE

24%NORTHERN EUROPE

24%SOUTHERN EUROPE

2%CANADA/AUSTRALIA

MULTI-SECTOR AND MULTI-CLIENT POSITIONING

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52%

INDUSTRY

20%

TERTIARY & OTHERSECTORS, INCLUDING

SPECIALITY

14%

BUILDING ANDPUBLICWORKS

14%

TRANSPORT/ LOGISTICS

42%KEY ACCOUNTS SME / SMI58%

A FULLY RESPECTED « CLIENT MIX »

SYNERGIE’S EXPERTISE: A TRUE MASTER CARD

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AERONAUTICSSHIPBUILDING

AGRO-FOOD

AUTOMOTIVEBANK

FINANCEINSURANCE

INDUSTRYENGINEERING

NUCLEARPUBLIC SECTOR

MEDICALPARAMEDICAL

SOCIAL SERVICES

INFORMATIONITECHNOLOGY

COSMETICSLUXURY GOODS

HOTELSCATERING

TERTIARYLEGAL SERVICES

TRANSPORT LOGISTICS ETC.

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� HIGHLIGHTS


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INCREASED ACTIVITY IN GROWTH SECTORS

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HIGHLIGHTS

RENEWABLE ENERGY

AERONAUTICS AUTOMOTIVESHIPBUILDING

TERTIARY DIGITAL

SYNERGIE, A PLAYERIN AERONAUTICS

� SYNERGIE: No. 1 supplier to AIRBUS in France� Contract renewed in 2016 for 3 years� An attractive outlook in Europe� 20 branches specialising in aeronautics� A guaranteed workload schedule until 2025� SYNERGIE’s aeronautics fairs: 40,000 visitors – 40,000 CVs� An employment-training dynamic that is unique in the profession: more than 100,000

training hours delivered each year� 100 expert recruiters� Synergie.Aéro: an unrivaled pool of skills

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HIGHLIGHTS

OUR POSITION WITHIN THE AIRBUS GROUP AND THROUGHOUT THE AERONAUTICS SUPPLY CHAIN MAKES SYNERGIE A MAJOR PLAYER IN THIS BUSINESS SECTOR

� Aeronautics turnover at the end of June 2017: €65 millionProjection at the end of December : €134 million

SYNERGIE, THE PREFERRED SUPPLIER TO THE SHIPBUILDING AND SUBMARINE INDUSTRY

� DCNS: an exceptional contract and a showcase for French industry

� STX Saint-Nazaire: a major order for 14 liners � Specific training to compensate for shortages of profiles � A 10-year order backlog� A continuous increase in activity� Expansion of operations abroad

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HIGHLIGHTS

� Shipbuilding turnover at the end of June 2017: €11 millionProjection at the end of December: €23 million

� Strong expansion in France and in Europe� A presence throughout the supply chain : manufacturers,

equipment makers, service centers,…� A rapidly recovering market � 50 specialised branches

SYNERGIE, A KEY PLAYER IN GROWTH SECTORS

A CONTROLLED PRESENCE IN THE AUTOMOTIVEINDUSTRY

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HIGHLIGHTS

� Automotive turnover at the end of June 2017: €75 millionProjection at the end of December: €140 million

Two types of audience are more particularly concerned:� young people who will multiply their professional experiences in a frame secure and

opening on various horizons � seniors who wish to work on different projects within several companies and who need

support

The assets for the company:� A solution to build loyalty among our temporary employees� Sought-after qualified profiles� Placements in all business sectors , particularly in aeronautics, and a promising start in

the shipbuilding industry� Improved profitability

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HIGHLIGHTS

THE OPEN-ENDED CONTRACT FOR TEMPORARY EMPLOYEES

A TARGET OF 1,500 CONTRACTS IN 2017

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HIGHLIGHTS

IN-HOUSE RECRUITMENT, A STRONGER PRESENCE WITH OUR CLIENTS

� Turnover at the end of June 2017: €145 millionProjection at the end of December: €266 million

� Extension of in-house recruitment with Synergie Proxi

� A way of building client loyalty

� Dedicated employees , sometimes on-site, who are genuine privileged contacts with our clients

� Another step towards full outsourcing of HR, a very popular solution in some countries (Managed Services Provision)

SYNERGIE PROXI: A « TURNKEY » SOLUTION

� An offering integrated with business solutions� Branches in major cities to capture a more

diverse public� Great potential in development in the tertiary

and high-technology sectors

OPEN CENTER: A PERFORMANCE DRIVER

THE SYNERGIE OPEN CENTERS: EXPERTS WITH AN INNOVATIVE RECRUITMENT MODEL

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HIGHLIGHTS

� Open Centers turnover at the end of June 2017: €61 millionProjection at the end of December: €120 million

A REAL SOURCE OF GROWTH

An international recruitment policy designed to att ract talent in order to:� Ease difficulties with local or national recruitment� Seek a highly qualified international profile

Advantages that help us respond:� In the top 10 European countries� 640 branches serving international operations� Dedicated teams� A shared IT tool� Specific support

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HIGHLIGHTS

� Global Cross Sourcing turnover at the end of June 2017: €15 millionProjection at the end of December: €31 million

A SERVICE OFFERING THAT IS UNIQUE IN THE PROFESSION

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FOCUS ON BENELUX

HIGHLIGHTS

� 82 branches and in-house operations

� 400 permanent employees

� 8,000 employees placed per week

� A panel of staff from the Global Cross Sourcing (Portugal, Poland,

France)

A generalist network and specialized personnel

� Through 6 branches

A generalist network, international recruitment and transport professionals

Industry, Service and Construction specialists

� Turnover at the end of June 2017: €150,7 million� up13.6% compared with H1 2016

STRENGTHENING SYNERGIE’S ONLINE PRESENCE

� New synergie.com corporate website in 2016

� Launch of the new synergie.fr business site on 19 September 2017

� An active presence on social networks

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HIGHLIGHTS

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A strategic priority for SYNERGIE: increasing the number of initiatives in this area in order to create value in respect of our temporary employees and candidates, our clients and also the general public:

� 86% of candidates use their smartphones to look for work

� Creation of a proprietary web services platform for our clients (dematerialisation of their personnel needs)

� synergie.com website for the general public

SYNERGIE’S DIGITAL TRANSFORMATION CONTINUES

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KEY PERFORMANCE INDICATORS

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2017 HALF-YEARLY RESULTS

TURNOVER

€942.8 million

H1 2016

€1,098.7million

H1 2017

CURRENT OPERATING PROFIT

€42.8million

H1 2016

€59.2million

H1 2017

NET PROFIT

€26.2million

H1 2016

€35.8million

H1 2017

SYNERGIE IS AT ITS HIGHEST EVER LEVELS

STRONG GROWTH IN ACTIVITY IN 2017

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CONSOLIDATED TURNOVER

In €M H1 2017 H1 2016 Variation France 556.6 493.0 12.9%

Southern Europe 263.9 203.2 29.8%

Northern and Eastern Europe 253.0 228.6 10.7%

Canada / Australia 25.2 17.9 40.6%

International 542.1 449.8 20.5%

Total 1,098.7 942.8 16.5%

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INCOME STATEMENT

In €M H1 2017 H1 2016 Variation Turnover 1,098.7 942.8 +16.5%

Current operating income (1) 59.2 42.8 +38.2%

Operating income 52.9 41.3 +28.1%

Cost of net financial debt (0.2) (0.2)

Exchange rate difference (2) (0.6) (2.1) Income before tax 52.1 38.9 +33.7%

Income taxes (3) 16.3 12.8

Net profit 35.8 26.2 +36.6% (1)Before amortization and impairment of intangibles assets (2)Effect on EUR/£ parity (3)Including an Economic Added Value Contribution (CVAE) of €7.4 million in 2017

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CURRENT OPERATING PROFIT

In €M H1 2017 H1 2016

€M %/Turnover €M %/Turnover

France 38.2 6.9% 28.5 5.8%

Southern Europe 9.0 3.4% 5.2 2.6%

Northern and Eastern Europe 11.8 4.7% 9.1 4.0%

Canada / Australia 0.2 0.6% 0.0 0.1%

International 21.0 3.9% 14.3 3.2%

Total 59.2 5.4% 42.8 4.5%

A SOLID BALANCE-SHEET STRUCTURE

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In €M June 2017 Dec. 2016 June 2016 Shareholders’ equity 390.8 370.4 331.9

Net cash of the bank balances 14.9 33.3 24.2

Net financial debt (3.2) 17.1 7.8

Net cash including CICE mobilizable 90.8 111.8 66.5

STATEMENT OF CASH FLOWS

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In €M H1 2017 H1 2016 Consolidated net profit 35.8 26.2

Restatement of income and expenses with no effect on cash (15.7) (8.1)

Self-financing capacity 20.1 18.1

Change in WCR relating to operations (19.6) (35.5)

Cash flows generated by operations 0.5 (17.4)

Flows relating to investment operations (7.1) (7.8)

Flows relating to financing operations (11.9) (15.3)

Change in cash (18.4) (40.5)

SHARE PRICE AT HIGHEST EVER LEVELS

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CLOSING PRICE AT 30/06/2016: €43.10 (UP 23.14 % ON THE HALF-YEAR)

SHARP RISE SINCE 1 JANUARY 2017

24 €25 €26 €27 €28 €29 €30 €31 €32 €33 €34 €35 €36 €37 €38 €39 €40 €41 €42 €

mars-16 avr.-16 mai-16 juin-16 juil.-16 août-16 sept.-16 o ct.-16 nov.-16 déc.-16 janv.-17 févr.-17 mars-17 avr.-17 m ai-17 juin-17

€48,00 reached inJune 26, 2017

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� Number of shares: 24,362,000� Share capital of €121,810,000� Market capitalisation: €1.050 million at 30 June 2017,

compared €626 million at 30 June 2016� Euronext Paris Compartment B / SRD Long

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� HIGHLIGHTS


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HIRING INTENTIONS IN 2017

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OUTLOOK

2017: A POSITIVE YEAR FOR GROWTH

Sources: Prisme’Emploi, Pôle emploi, Le Figaro, etc. French data

� In Europe , all sectors and regions are trending upwards� In France , the progress of the temporary work knows a continue growth

(up 11.2% at the end of July) � More than 50% of hiring intentions are coming from very small

enterprises, whose managers are currently showing a high level of confidence � and willingness to invest

� All sectors of activity are concerned with the palm for services to individuals and businesses

� Growth prospects of the executive employment and supervisors

AREAS OF DEVELOPMENT FOR THE SYNERGIE GROUP

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ORGANIC GROWTH

� Extending our network of branches to the most dynamic employment areas

� Actively rolling out interim recruitment

� Developing our offering of international secondment of qualified professionals (Global Cross Sourcing)

� Widen the recruitment/placement business, particularly in the tertiary sector and new technologies

EXTERNAL GROWTH

� Pursuing our expansion in high-profitability countries where SYNERGIE is already established, such as Germany, the Netherlands, Belgium and Italy

� Consolidating our presence in Eastern Europe to optimise Sourcing

� Enhancing our geographical spread in Europe: Scandinavia, Austria, etc.

OUTLOOK

INCREASING OUR EXPERTISE BY PROVIDING SERVICES WITH HIGH ADDED VALUE

EXCELLENT EXPANSION PROSPECTS FOR OUR OPERATIONS

� Target for 2017 turnover � €2.2 billion with International development and a marked increase in profitability

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OUTLOOK

SYNERGIE IS VERY CONFIDENT FOR 2017

UPCOMING INFORMATION

PUBLICATION OF THIRD-QUARTER TURNOVER ON OCTOBER 25, 2017*

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OUTLOOK

* After market closing

2017 HALF-YEAR RESULTS - synergie.com Half... · 2017 HALF-YEAR RESULTS STUDIO HARCOURT 6 RUE DE LOTA – PARIS 16 E SEPTEMBRE 14, 2017 - 10H30. ... for our clients (dematerialisation

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