In accordance with article L.22-10-9 of the French Commercial Code, the table below shows the ratios between the level of compensation of the Company's Chief Executive Officer and the average and median compensation received by Sodexo employees on a full-time equivalent basis over Fiscal 2019 to 2023.
These ratios were established by referring to the AFEP guidelines on compensation multiples published on January 28, 2021.
The compensation of the Executive Officers and employees retained includes all fixed and variable compensation components, and benefits of all kinds paid over the last five fiscal years. The method for determining and valuing the components of compensation for executive officers and employees is therefore harmonized.
Compensation in the form of performance shares has been taken into account at its grant-date value calculated in accordance with IFRS as at the grant date.
The ratios below are disclosed for two scopes: the listed company Sodexo S.A. comprising around 500 employees, and an extended scope including other Sodexo companies in France, comprising around 24,700 employees,i. e., 84% of the total workforce in France.
| FISCAL 2019 | FISCAL 2020 | FISCAL 2021 | FISCAL 2022 | FISCAL 2023 | |
|---|---|---|---|---|---|
| Company performance | |||||
| Group revenue (in million euros) | Group revenue (in million euros) FISCAL 2019 21,954 |
Group revenue (in million euros) FISCAL 2020 19,321 |
Group revenue (in million euros) FISCAL 2021 17,428 |
Group revenue (in million euros) FISCAL 2022 21,125 |
Group revenue (in million euros) FISCAL 202323,419 |
| (year on year variance) | (year on year variance) FISCAL 2019 +7.6 % |
(year on year variance) FISCAL 2020 -12.0 % |
(year on year variance) FISCAL 2021 -9.8 % |
(year on year variance) FISCAL 2022 +21.2 % |
(year on year variance)FISCAL 2023 +10.9 % |
| Group UOP (in million euros) | Group UOP (in million euros) FISCAL 2019 1,200 |
Group UOP (in million euros) FISCAL 2020 569 |
Group UOP (in million euros) FISCAL 2021 578 |
Group UOP (in million euros) FISCAL 2022 1,059 |
Group UOP (in million euros) FISCAL 20231,314 |
| (year on year variance) | (year on year variance) FISCAL 2019 +6.4 % |
(year on year variance) FISCAL 2020 -52.6 % |
(year on year variance) FISCAL 2021 +1.6 % |
(year on year variance) FISCAL 2022 +83.2 % |
(year on year variance)FISCAL 2023 +24.1 % |
| Information on extended scope | |||||
| Employee compensation (in euros) | |||||
| Employee average compensation (full time equivalent) | Employee average compensation (full time equivalent) FISCAL 2019 31,714 |
Employee average compensation (full time equivalent) FISCAL 2020 31,556 |
Employee average compensation (full time equivalent) FISCAL 2021 33,047 |
Employee average compensation (full time equivalent) FISCAL 2022 35,382 |
Employee average compensation (full time equivalent) FISCAL 202336,704 |
| (year on year variance) | (year on year variance) FISCAL 2019 +2.8 % |
(year on year variance) FISCAL 2020 -0.5 % |
(year on year variance) FISCAL 2021 +4.7 % |
(year on year variance) FISCAL 2022 +7.1 % |
(year on year variance)FISCAL 2023+3.7 % |
| Employee median compensation (full time equivalent) | Employee median compensation (full time equivalent) FISCAL 2019 24,626 |
Employee median compensation (full time equivalent) FISCAL 2020 24,809 |
Employee median compensation (full time equivalent) FISCAL 2021 25,192 |
Employee median compensation (full time equivalent) FISCAL 2022 26,763 |
Employee median compensation (full time equivalent) FISCAL 202327,924 |
| (year on year variance) | (year on year variance) FISCAL 2019 +2.5 % |
(year on year variance) FISCAL 2020 +0.7 % |
(year on year variance) FISCAL 2021 +1.5 % |
(year on year variance) FISCAL 2022 +6.2 % |
(year on year variance)FISCAL 2023+4.3 % |
| Group Chief Executive Officer | |||||
| Annual compensation (in euros) | Annual compensation (in euros) FISCAL 2019 2,996,778 |
Annual compensation (in euros) FISCAL 2020 1,581,263 |
Annual compensation (in euros) FISCAL 2021 2,594,682 |
Annual compensation (in euros) FISCAL 2022 882,402 |
Annual compensation (in euros) FISCAL 20233,482,906 |
| (year on year variance) | (year on year variance) FISCAL 2019 -17.2 % |
(year on year variance) FISCAL 2020 -47.2 % |
(year on year variance) FISCAL 2021 +64.1 % |
(year on year variance) FISCAL 2022 -66.0 % |
(year on year variance)FISCAL 2023+294.7 % |
| Ratio versus employee average compensation | Ratio versus employee average compensation FISCAL 2019 94 |
Ratio versus employee average compensation FISCAL 2020 50 |
Ratio versus employee average compensation FISCAL 2021 79 |
Ratio versus employee average compensation FISCAL 2022 25 |
Ratio versus employee average compensation FISCAL 202395 |
| (year on year variance) | (year on year variance) FISCAL 2019 -19.5 % |
(year on year variance) FISCAL 2020 -47.0 % |
(year on year variance) FISCAL 2021 +56.7 % |
(year on year variance) FISCAL 2022 -68.2 % |
(year on year variance)FISCAL 2023+280.5 % |
| Ratio versus employee median compensation | Ratio versus employee median compensation FISCAL 2019 122 |
Ratio versus employee median compensation FISCAL 2020 64 |
Ratio versus employee median compensation FISCAL 2021 103 |
Ratio versus employee median compensation FISCAL 2022 33 |
Ratio versus employee median compensation FISCAL 2023125 |
| (year on year variance) | (year on year variance) FISCAL 2019 -19.3 % |
(year on year variance) FISCAL 2020 -47.6 % |
(year on year variance) FISCAL 2021 +61.6 % |
(year on year variance) FISCAL 2022 -68.0 % |
(year on year variance)FISCAL 2023+278.3 % |
| Information on Sodexo S.A. | |||||
| Employee compensation - Sodexo S.A. (in euros) | |||||
| Employee average compensation (full time equivalent) | Employee average compensation (full time equivalent) FISCAL 2019 130,041 |
Employee average compensation (full time equivalent) FISCAL 2020 117,802 |
Employee average compensation (full time equivalent) FISCAL 2021 148,412 |
Employee average compensation (full time equivalent) FISCAL 2022 138,278 |
Employee average compensation (full time equivalent) FISCAL 2023157,372 |
| (year on year variance) | (year on year variance) FISCAL 2019 -4.1 % |
(year on year variance) FISCAL 2020 -9.4 % |
(year on year variance) FISCAL 2021 +26.0 % |
(year on year variance) FISCAL 2022 -6.8 % |
(year on year variance)FISCAL 2023+13.8 % |
| Employee median compensation (full time equivalent) | Employee median compensation (full time equivalent) FISCAL 2019 75,763 |
Employee median compensation (full time equivalent) FISCAL 2020 89,800 |
Employee median compensation (full time equivalent) FISCAL 2021 103,519 |
Employee median compensation (full time equivalent) FISCAL 2022 92,494 |
Employee median compensation (full time equivalent) FISCAL 202396,588 |
| (year on year variance) | (year on year variance) FISCAL 2019 -6.0 % |
(year on year variance) FISCAL 2020 +18.5 % |
(year on year variance) FISCAL 2021 +15.3 % |
(year on year variance) FISCAL 2022 -10.7 % |
(year on year variance)FISCAL 2023+4.4 % |
| Group Chief Executive Officer | |||||
| Ratio versus employee average compensation | Ratio versus employee average compensation FISCAL 2019 23 |
Ratio versus employee average compensation FISCAL 2020 13 |
Ratio versus employee average compensation FISCAL 2021 17 |
Ratio versus employee average compensation FISCAL 2022 6 |
Ratio versus employee average compensation FISCAL 202322 |
| (year on year variance) | (year on year variance) FISCAL 2019 -13.6 % |
(year on year variance) FISCAL 2020 -41.8 % |
(year on year variance) FISCAL 2021 +30.2 % |
(year on year variance) FISCAL 2022 -63.5 % |
(year on year variance)FISCAL 2023+246.8 % |
| Ratio versus employee median compensation | Ratio versus employee median compensation FISCAL 2019 40 |
Ratio versus employee median compensation FISCAL 2020 18 |
Ratio versus employee median compensation FISCAL 2021 25 |
Ratio versus employee median compensation FISCAL 2022 10 |
Ratio versus employee median compensation FISCAL 202336 |
| (year on year variance) | (year on year variance) FISCAL 2019 -11.9 % |
(year on year variance) FISCAL 2020 -55.5 % |
(year on year variance) FISCAL 2021 +42.3 % |
(year on year variance) FISCAL 2022 -61.9 % |
(year on year variance)FISCAL 2023+278.0 % |
