Universal Registration Document - Fiscal 2024

China expansion: in April, 2024, Sodexo completed the acquisition of the Compass Mainland China business. In a market with undeniable long term growth potential, this acquisition strengthens Sodexo’s position in Food services, enhancing its presence and service offerings in Mainland China with contracts in the corporate, education, and healthcare environments. Since entering the Chinese market in 1995, Sodexo China has successfully developed its operations to serve the China market and its unique consumer demands. Following this operation, Sodexo's 17,000 employees across 950 operational sites serve more than 1.2 million consumers daily.

Simplification of the ownership structure

On August 23, 2024, Sodexo sold its 19.6% stake in Bellon SA, held via its subsidiary Sofinsod, to Bellon SA for 918 million euros, enabling the simplification of Sodexo's shareholder structure.

This transaction allows Sodexo to unwind the cross-holding and monetize an illiquid asset.

The sale proceeds were distributed in full to Sodexo shareholders in the form of a special interim dividend of 6.24 euros per share at the end of August 2024.

3.1.4 Continuous improvement in Corporate Social Responsibility

In Fiscal 2024, Sodexo's solid financial performance was accompanied by continued progress on its sustainability commitments:

• further improvement in the performance on safety of our People: At the end of Fiscal 2024, Sodexo achieved a 0.47 Lost Time Injury Rate (LTIR), representing a -14.5% reduction compared to Fiscal 2023. This is a second consecutive year with double-digit LTIR reduction;
• 81.5% workforce retention confirming a positive trend for the third consecutive year: Retention rate for total workforce and for site managers increased significantly compared to previous years. These results are correlated with the improvement in training indicators as well as with the continued deployment of Vita by Sodexo;
• increased share in renewable electricity in our direct operations: Further progress has been achieved in the share of the Group's direct electricity consumption that is renewable at 73%, well above the 60% target for the year and therefore facilitating the achievement of our target of 100% by 2025;
• continued progress in GHG emissions reduction: The year-on-year Scope 1, 2 and 3 reduction in Greenhouse Gas (GHG) emissions was -2.5% in Fiscal 2024 while the absolute reduction compared to 2017 was at -16.4% and the reduction in intensity was at -29.6%. This achievement was possible thanks to Sodexo's ability to mobilize its entire ecosystem around four decarbonization levers: sustainable supply chain, low-carbon meals, responsible use of energy and the fight against food waste.

3.1.5 Mandates for renewal within the Board of Directors

At the Shareholders Meeting on December 17, 2024, the following renewals and appointments will be proposed:

• François-Xavier Bellon, who, should he be reelected, will remain a member of the Audit, Nominating and Remuneration Committees.
• Jean-Baptiste Chasseloup de Chatillon, who, should he be reelected will then be confirmed as Chairman of the Audit Committee and member of the Remuneration Committee.

Should all the resolutions concerning the re-election of Board members be approved at the Shareholders Meeting, the Board will be made up of five women and seven men. Of the elected members, 40% will be women and 60% independent.

3.1.6 Changes in the Leadership team

Sébastien de Tramasure became Group Chief Financial Officer of Sodexo on May 1, 2024, a position that was previously held by Marc Rolland.

Sébastien has been with Sodexo for 18 years. Before taking up his current position, he held various positions within the finance function, including that of CFO of Sodexo Benefits & Rewards Services (now Pluxee). In 2018, Sébastien de Tramasure became CFO of the Healthcare and Seniors segments worldwide. In 2020, he was appointed CFO of Sodexo North America, which represented at that time 40% of the Group's revenue. In these roles, Sébastien actively participated in the recovery of Sodexo North America and notably led strategic acquisitions in the convenience market.

Marc Rolland was appointed General Secretary of Sodexo since May 1, 2024. He reports directly to Sophie Bellon, Chairwoman and CEO, and remains a member of the Senior Leadership Team. He l has responsibility for Group Internal Audit, for Group Legal, for the transformation of our global business services, and he continues to provide strategic advice to the Group and to the Chairwoman and CEO.