Fiscal 2022 Universal Registration Document

1.2 Strategy and performance

UNDERLYING OPERATING PROFIT BEFORE CORPORATE EXPENSES & INTRAGROUP ELIMINATION BY ACTIVITY AND CLIENT SEGMENT

  • BENEFITS & REWARDS SERVICES 21%
  • Education 16%
  • Business & Administrations 33%
  • Healthcare & Seniors 30%
  • ON-SITE SERVICES 79%

UNDERLYING OPERATING PROFIT AND OPERATING MARGIN

  • Fiscal 2018: Underlying operating profit of 1,128 million euros and operating margin of 5.5%
  • Fiscal 2019: Underlying operating profit of 1,200 million euros and operating margin of 5.5%
  • Fiscal 2020: Underlying operating profit of 569 million euros and operating margin of 2.9%
  • Fiscal 2021: Underlying operating profit of 578 million euros and operating margin of 3.3%
  • Fiscal 2022: Underlying operating profit of 1,059 million euros and operating margin of 5.0%

NET DEBT AS A PERCENTAGE OF SHAREHOLDERS’ EQUITY*

  • Fiscal 2018: 38%
  • Fiscal 2019: 27%
  • Fiscal 2020: 67%
  • Fiscal 2021: 47%
  • Fiscal 2022: 29%

91% cash conversion**

*Debt net of cash and cash equivalents, restricted cash and financial assets related to Benefits & Rewards Services activity, less bank overdrafts

**Free cashflow/Net profit.

SHAREHOLDERS AS OF AUGUST 31, 2022

Bellon SA holds 42.8%

Employees* hold 1.7%

Treasury shares hold 0.6%

Public** holds 54.9%, of which

  • Foreign Institutional shareholders 42.3%
  • French Institutional shareholders 9.1%
  • Individual shareholders 3.5%

Source: Nasdaq.

*Including shares resulting from restricted share plans held in registered form by employees and still subject to a lock-up period.

**Number of shares held not updated since July 22, 2022.

SODEXO SHARE DATA SHEET

  • Main listing place: Euronext Paris - A Compartment
  • ISIN code: FR0000121220
  • Mnemonic code: SW
  • Main index : CAC Next 20, SBF 120, CAC 40 ESG, Euronext 100, CAC All Share, FTSE4Good
  • Euronext listing date: March 2, 1983

KEY INDICATORS OF FISCAL 2022 AS OF AUGUST 31, 2022

  • Total number of shares: 147,454,887 shares
  • Closing price: 76.44 euros
  • Market capitalization: 11.3 billion euros
  • Sodexo share price trend during Fiscal 2022: +9.2%
  • CAC 40 trend during Fiscal 2022: -7.8%
  • Underlying earnings per share: 4.78 euros
  • Dividend per share: 2.40 euros*
  • Number of interactions/shareholder meetings: 228 meetings, 236 companies, 594 contacts

*Submitted for approval at the Shareholders Meeting of December 19, 2022