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2016 ANNUAL RESULTS - · PDF file6 april, 2017 studio harcourt 6 rue de lota – paris...

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6 APRIL, 2017 STUDIO HARCOURT 6 RUE DE LOTA – PARIS 16 E 10H30 2016 ANNUAL RESULTS HUMAN RESOURCES MANAGEMENT
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6 APRIL, 2017STUDIO HARCOURT

6 RUE DE LOTA – PARIS 16 E

10H30

2016 ANNUAL RESULTSHUMAN RESOURCES MANAGEMENT

CO

NT

EN

TS

• SYNERGIE, EUROPE'S FIFTH-LARGEST HUMAN RESOURCES MANAGEMENT GROUP

• HIGHLIGHTS

• 2016 ANNUAL RESULTS

• OUTLOOK

2

SYNERGIE, A PURE PLAYER IN HUMAN RESOURCES

3

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

TEMPORARY EMPLOYMENT

RECRUITMENTFOR

CDD/CDI*

TRAINING HR ADVICE

PUBLIC SECTOR DIVERSITY

SOCIAL ENGINEERING

OUTPLACEMENT

OUR MISSION: TO OFFER OUR CLIENTS TAILORMADE RECRUITMENT SOLUTIONS

A BENCHMARK EUROPEAN PLAYER IN HUMAN RESOURCES MANAGEMENT

� No. 1 independent French HR services group� No. 5 European group� 100,000 client companies� 2,990 permanent employees� 63,000 temporary employees seconded daily� 640 branches in 15 countries� Turnover of €2 billion in 2016� Own funds of €370 million at 31/12/2016

4

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

2017: 25 NEW BRANCHES

A STRONG PRESENCE IN EUROPE, CANADA AND AUSTRALIA

5

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

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

6

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

BREAKDOWN OF TURNOVER IN 2016

48%

45%

40%

34%

27%

21%

12%

5%

2016

2012

2010

2008

2006

2004

2002

2000

52%FRANCE

24%NORTHERN EUROPE

22%SOUTHERN EUROPE

2%CANADA/AUSTRALIA

MULTI-SECTOR AND MULTI-CLIENT POSITIONING

7

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

49%

INDUSTRY

22%

TERTIARY & OTHER SECTORS, INCLUDING

SPECIALITY

15%

BUILDING AND PUBLIC WORKS

14%

TRANSPORT/LOGISTICS

42%KEY ACCOUNTS SME/SMI58%

A FULLY RESPECTED "CLIENT MIX"

SYNERGIE'S EXPERTISE: A TRUE MASTER CARD

8

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

AERONAUTICSSHIPBUILDING

AGRO-FOOD

AUTOMOTIVEBANK

FINANCEINSURANCE

INDUSTRYENGINEERING

NUCLEARPUBLIC SECTOR

MEDICALPARAMEDICAL

SOCIAL SERVICES

INFORMATIONTECHNOLOGY

COSMETICSLUXURY GOODS

HOTELSCATERING

TERTIARYLEGAL SERVICES

TRANSPORT LOGISTICS ETC.

CO

NT

EN

TS

• SYNERGIE, EUROPE'S FIFTH-LARGEST HUMAN RESOURCES MANAGEMENT GROUP

• HIGHLIGHTS

• 2016 HALF-YEAR RESULTS

• OUTLOOK

9

INCREASED ACTIVITY IN GROWTH SECTORS

10

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 in 2016: 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

11

HIGHLIGHTS

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

� Aeronautics turnover in 2016: €125 million

SYNERGIE, THE PREFERRED SUPPLIER TO THE SHIPBUILDING 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

12

HIGHLIGHTS

� Shipbuilding turnover in 2016: €20 million

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

equipment makers, service centers, etc.� A rapidly recovering market compared with 2015� 50 specialised branches

SYNERGIE, A KEY PLAYER IN GROWTH SECTORS

A CONTROLLED PRESENCE IN THE AUTOMOTIVE INDUSTRY

13

HIGHLIGHTS

� Automotive turnover in 2016: €76 million

14

HIGHLIGHTS

“LE CDI INTERIMAIRE”

� 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

A TARGET OF 1,000 CONTRACTS IN 2017

IN-HOUSE RECRUITMENT, A STRONGER PRESENCE WITH OUR CLIENTS

� 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)

15

HIGHLIGHTS

� Proxi turnover in 2016: €125 million

SYNERGIE PROXI: A "TURNKEY" SOLUTION

� An offering integrated with businesssolutions

� Branches in major cities to capture a more diverse public

� Great potential in development in the tertiary and high-technology sectors

OPEN CENTERS: A PERFORMANCE DRIVER

THE SYNERGIE OPEN CENTERS: EXPERTS WITH AN INNOVATIVE RECRUITMENT MODEL

16

HIGHLIGHTS

� Open Centers turnover in 2016: €105 million

A STRATEGIC ACQUISITION IN NORTHERN EUROPE

CAVALLO / GERMANY - FEBRUARY 2016

� 15 branches mainly located in Bavaria� Annual turnover of approximately €25 million� Doubling of our presence in the Länder

that are more dynamic, in the south of the country

17

HIGHLIGHTS

STUDY OF NEW TARGETS IN NORTHERN EUROPE

FOCUS ON BELGIUM

18

HIGHLIGHTS

�Eighth-largest recruitment network in Belgium

� 2016 turnover: €238 million � up 17% compared with

2015

� 57 branches and in-house operations

� 280 permanent employees

� 4,000 employees placed per week

� 2,500 clients

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� 643 branches serving international operations� Dedicated teams� A shared IT tool� Specific support

19

HIGHLIGHTS

A SERVICE OFFERING THAT IS UNIQUE IN THE PROFESSION

� Global Cross Sourcing turnover in 2016: €30 million

STRENGTHENING SYNERGIE'S ONLINE PRESENCE

� New synergie.com corporate website in 2016

� New synergie.fr business sitein 2017

� An active presence on social networks

20

HIGHLIGHTS

SYNERGIE'S DIGITAL TRANSFORMATION CONTINUES

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

21

HIGHLIGHTS

CO

NT

EN

TS

• SYNERGIE, EUROPE'S FIFTH-LARGEST HUMAN RESOURCES MANAGEMENT GROUP

• HIGHLIGHTS

• 2016 ANNUAL RESULTS

• OUTLOOK

22

KEY PERFORMANCE INDICATORS

23

2016 ANNUAL RESULTS

TURNOVER

€1,798.9 million

2015

€1,991.8 million

2016

CURRENT OPERATING PROFIT

€92.7 million

2015

€100.2 million

2016

NET PROFIT

€60.1 million

2015

€65.0 million

2016

SYNERGIE IS AT ITS HIGHEST EVER LEVELS

STRONG GROWTH IN ACTIVITY IN 2016

24

2016 ANNUAL RESULTS

CONSOLIDATED TURNOVER

In €M 2016 2015 Variation France 1,033.1 924.0 11.8%

Southern Europe 433.9 376.3 15.3%

Northern and Eastern Europe 482.2 462.6 4.2%

Canada / Australia 42.6 36.0 18,1%

International 958.7 874.9 9.6%

Total 1,991.8 1,798.9 10,7%

INCOME STATEMENT

25

2016 ANNUAL RESULTS

In €M 2016 2015

Turnover 1,991.8 1,798.9

Current operating income (1) 100.2 92.7

Operating income 96.0 89.1

Cost of net financial debt (0.5) (0.7)

Exchange rate difference (2) (2.3) 1.2

Income before tax 93.2 89.4

Income taxes (3) (28.2) (29.3)

Net profit 65.0 60.1 (1)Before amortization and impairment of intangibles assets (2)Brexit effect at 31/12/2016 on EUR/£ parity (3)Including an Economic Added Value Contribution (CVAE) of €14 million in 2016

CURRENT OPERATING PROFIT

26

2016 ANNUAL RESULTS

In €M 2016 2015

M€ %/CA M€ %/CA

France 64.6 6.2% 64.7 7.0%

Southern Europe 13.1 3.0% 9.4 2.5%

Northern and Eastern Europe 22.1 4.6% 18.8 4.1%

Canada / Australia 0.4 - (0.2) -

International 35.6 3.7% 28.0 3.2%

Total 100.2 5.0% 92.7 5.2%

A SOLID BALANCE-SHEET STRUCTURE

27

2016 ANNUAL RESULTS

In €M 2016 2015

Shareholders’ equity 370.4 322.1

Net cash of the bank balances 33.3 64.9

Net financial debt 17.1 47.1

Net cash including CICE mobilizable 111.8 105.8

« Industrial » capital expenditure 6.0 7.5

STATEMENT OF CASH FLOWS

28

2016 ANNUAL RESULTS

In €M 2016 2015 Consolidated net profit 65.0 60.1 Restatement of income and expenses with no effect on cash (26.2) (19.0)

Self-financing capacity 38.8 41.1 Change in WCR relating to operations (43.5) 2.0 Cash flows generated by operations (4.7) 43.1

Flows relating to investment operations (10.7) (9.0)

Flows relating to financing operations (16.1) (10.6)

Change in cash (31.5) 23.5

SHARE PRICE AT HIGHEST EVER LEVELS

29

2016 ANNUAL RESULTS

CLOSING PRICE AT 31/12/2016: €35 (UP 31.6 % YEAR-ON -YEAR)

SHARP RISE SINCE 1 JANUARY 2016

€41,60 reached in March 8, 2017

SYNERGIE ON THE STOCK MARKET

30

� Number of shares: 24,362,000� Share capital of €121,810,000� Market capitalisation: €902 million at 31 March 2017,

compared with €583 million at 31 March 2016� Euronext Paris Compartment B / SRD Long� Dividend proposed to Shareholders' Meeting of 14 June 2017

� €0.60 per share for payment on 23 June 2017

2016 ANNUAL RESULTS

CO

NT

EN

TS

• SYNERGIE, EUROPE'S FIFTH-LARGEST HUMAN RESOURCES MANAGEMENT GROUP

• HIGHLIGHTS

• 2016 HALF-YEAR RESULTS

• OUTLOOK

31

HIRING INTENTIONS IN 2017

� In Europe , all sectors and regions are trending upwards� In France , since January, there has been continued growth in temporary

employment (+ 8.4%)� The employment market for managerial staff looks promising, particularly in the

services sector (IT and telecoms, engineering and R&D, legal and accounting and consultancy activities), representing between 208,000 and 225,000 hires.

� More than 65% of hiring intentions are coming from SMEs/SMIs, whose managers are currently showing a high level of confidence � and willingness to invest

32

OUTLOOK

2017: a positive year for growth

Sources: Pôle emploi, Le Figaro, Les Echos, etc.

AREAS OF DEVELOPMENT FOR THE SYNERGIE GROUP

33

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 SERVICESWITH HIGH ADDED VALUE

EXCELLENT EXPANSION PROSPECTS FOR OUR OPERATIONS

� Turnover at end-February 2017: €323 million � up 17.4%Improved performance both in France and internationally

� Target for 2017 turnover: €2.2 billion

34

OUTLOOK

SYNERGIE IS VERY CONFIDENT FOR 2017

UPCOMING INFORMATION

35

OUTLOOK

* After market

� Publication of first-quarter turnover

on 26 April 2017*

� Shareholders' Meeting of 14 June 2017


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