Sodexo SA · EURONEXT:SW
Sodexo SA — Shareholder Meeting (January 2021)
90 slides from Sodexo SA's shareholder meeting presentation, Jan 12, 2021
Slide 1: Annual Shareholders Meeting
Annual Shareholders Meeting January 12, 2021
Slide 2: Sophie Bellon, Chairwoman of the Board of Directors
Sophie Bellon Chairwoman of the Board of Directors Sodexo / Annual Shareholders Meeting / January 12, 2021 / 2
Slide 3: Members of the Bureau
Members of the Bureau On the stage ● Sophie BELLON Chairwoman of the Board of Directors ● Denis MACHUEL Chairwoman of the Meeting Chief Executive Officer ● Marc ROLLAND ● Nicole HUARD Chief Financial Officer representing Bellon SA Scrutineer ● Arnaud BASTIEN representing the FCPE Groupe Sodexo Peps
Slide 4: Safety Moment
Safety Moment ● Protect yourself, protect others Sodexo / Annual Shareholders Meeting / January 12, 2021 / 4
Slide 5: Cindy Cario, Board Secretary
Cindy Cario Board Secretary Sodexo / Annual Shareholders Meeting / January 12, 2021 / 5
Slide 6: Agenda
Agenda ● Message from the Chairwoman ● Activity of the Compensation Committee ● Message from the Chief Executive Officer ● Statutory Auditors’ Reports ● Presentation of Fiscal 2020 Results ● Questions/Answers ● Corporate governance ● Results of the vote on the resolutions ● Introducing a new Directo
Slide 7: Sophie Bellon, Chairwoman of the Board of Directors
Sophie Bellon Chairwoman of the Board of Directors Sodexo / Annual Shareholders Meeting / January 12, 2021 / 7
Slide 8: Sodexo Assemblée Générale des Actionnaires
Sodexo / Assemblée Générale des Actionnaires / 12 Janvier 2021 / 8
Slide 9: Accelerating our transformation
ACCELERATING OUR TRANSFORMATION Sodexo / Assemblée Générale des Actionnaires / 12 Janvier 2021 / 9
Slide 10: Global vision and strategy, autonomy to execute locally
GLOBAL VISION & STRATEGY AUTONOMY TO EXECUTE AT THE LOCAL LEVEL Sodexo / Assemblée Générale des Actionnaires / 12 Janvier 2021 / 10
Slide 11: The vital importance and value of our professions
THE VITAL IMPORTANCE AND TREMENDOUS VALUE OF OUR PROFESSIONS Sodexo / Assemblée Générale des Actionnaires / 12 Janvier 2021 / 11
Slide 12: Ambition, boldness, adaptation
AMBITION BOLDNESS ADAPTATION Sodexo / Assemblée Générale des Actionnaires / 12 Janvier 2021 / 12
Slide 13: Video: We stand tall
Video ● We stand tall Sodexo / Annual Shareholders Meeting / January 12, 2021 / 13
Slide 14: Denis Machuel, Chief Executive Officer
Denis Machuel Chief Executive Officer Sodexo / Annual Shareholders Meeting / January 12, 2021 / 14
Slide 15: Focus on Growth: return to growth momentum
« Focus on Growth » The return to a growth momentum ORGANIC GROWTH FY 2019 +3.6% ORGANIC GROWTH FIRST HALF FY 2020 +3.2% Sodexo / Annual Shareholders Meeting / January 12, 2021 / 15
Slide 16: Immediate mobilization to face the crisis
Immediate mobilization to face the crisis Protecting the health Ensuring the continuity Preserving of our teams, of our operations and our liquidity our consumers those of our clients and our partners Sodexo / Annual Shareholders Meeting / January 12, 2021 / 16
Slide 17: An unprecedented crisis
An unprecedented crisis ANNUAL REVENUE ORGANIC GROWTH OPERATING MARGIN FREE CASHFLOW LIQUIDITY AS OF 31/08/2020 €19.3 bn -12% 2.9% €72 M €5.1 bn Sodexo / Annual Shareholders Meeting / January 12, 2021 / 17
Slide 18: Sodexo teams mobilized to capture growth opportunities
Sodexo teams mobilized to capture growth opportunities Sodexo / Annual Shareholders Meeting / January 12, 2021 / 18
Slide 19: Medical Advisory Council
to support our clients in reopening Medical Advisory Council Sodexo / Annual Shareholders Meeting / January 12, 2021 / 19
Slide 20: Video: Rise APAC
Video ● Rise APAC Sodexo / Annual Shareholders Meeting / January 12, 2021 / 20
Slide 21: The acceleration of Sodexo's transformation
The acceleration of Sodexo’s transformation Rationalize Enable Transform Sodexo / Annual Shareholders Meeting / January 12, 2021 / 21
Slide 22: Transformation: Rationalize
The acceleration of Sodexo’s transformation Overhead cost reductions, teams closer to the field and our clients Rationalize Geographic scope rationalization Facilities Management services portfolio rationalization Sodexo / Annual Shareholders Meeting / January 12, 2021 / 22
Slide 23: Transformation: Invest
The acceleration of Sodexo’s transformation Marketing Sales Invest Digital Data IT Systems Supply Chain Sodexo / Annual Shareholders Meeting / January 12, 2021 / 23
Slide 24: Transformation: Transform
The acceleration of Sodexo’s transformation Transform Sodexo / Annual Shareholders Meeting / January 12, 2021 / 24
Slide 25: Transformation for sustainable and inclusive growth
Sodexo’s transformation for sustainable and inclusive growth Healthy and Carbon Inclusive Fight against sustainable emissions purchasing food waste food choices reduction Sodexo / Annual Shareholders Meeting / January 12, 2021 / 25
Slide 26: Leader in its industry sector
Sodexo’s transformation for sustainable and inclusive growth Leader in its industry sector #1 in its industry sector Sodexo / Annual Shareholders Meeting / January 12, 2021 / 26
Slide 27: Video: The Nest US
Video ● The Nest US Sodexo / Annual Shareholders Meeting / January 12, 2021 / 27
Slide 28: Presentation of Fiscal 2020 Results
Marc Rolland Chief Financial Officer Presentation of Fiscal 2020 Results Sodexo / Annual Shareholders Meeting / January 12, 2021 / 28
Slide 29: Revenues impacted by H2 decline due to Covid-19
Revenues impacted by H2 decline due to Covid-19 impact Fiscal 2020 Financial Performance REVENUE AT €19.3 bn TOTAL GROWTH -12% Currency effect Scope change -0.8% +0.7% ORGANIC GROWTH -12% of which: On-site Services Benefits & Rewards Services -12.1% -7.8% Sodexo / Annual Shareholders Meeting / Janua
Slide 30: Organic growth: a year of two tales
Organic growth: a year of two tales Fiscal 2020 Financial Performance H1 H2 Group +3.2% -27.5% On-site Services +3.2% -27.8% Benefits & Rewards Services +4.0% -18.8% Sodexo / Annual Shareholders Meeting / January 12, 2021 / 30
Slide 31: On-site Services – Levers of resilience
On-site Services – Levers of resilience Fiscal 2020 Financial Performance White- Blue- collar collar Facilities 50% 50% Global IFM Management Corporate accounts Services -1.4% H2 OG Flat H2 OG Europe North P&L -28.4% America 67% -35.9% Cost+ Organic E&R and G&A 33% Corporate APAC, growth Services +1
Slide 32: Benefits & Rewards Services – Levers of resilience
Benefits & Rewards Services – Levers of resilience Fiscal 2020 Financial Performance ● Improvement in Employee benefits ● Further acceleration in Digital issue volume in Q4 ▸ 86% digitalization (+12pts of conversion in Europe vs Q4 FY19) Issue Volume Reimbursed Volume -4% ▸ 70 food delivery partners
Slide 33: On-site Services Organic Growth
On-site Services Organic Growth Fiscal 2020 Financial Performance ON-SITE SERVICES BUSINESS & HEALTHCARE & EDUCATION ADMINISTRATIONS SENIORS -12.1% -12.1% -6.6% -18.9% 96% 55% 26% 19% of total of FY20 of FY20 of FY20 FY20 OSS OSS OSS Sodexo / Annual Shareholders Meeting / January 12, 2021 / 33
Slide 34: Benefits and Rewards Services Organic Growth
Benefits and Rewards Services Organic Growth Fiscal 2020 Financial Performance BENEFITS AND EUROPE, ASIA, USA LATIN AMERICA REWARDS SERVICES -7.8% -4.8% -11.7% 4% 62% 38% of total of FY20 of FY20 FY20 BRS BRS Sodexo / Annual Shareholders Meeting / January 12, 2021 / 34
Slide 35: OSS Underlying Operating Profit Margin by semester
OSS Underlying Operating Profit Margin by semester Fiscal 2020 Financial Performance 70% of UOP* FY20 On-site Services H1 H2 At constant rates -240 pbs -10 pbs -610 pbs 5.0% 2.6% 5.5% 5.5% 4.5% H2 2020 FY 2019 FY 2020 H1 2019 H1 2020 H2 2019 -1.9% At current rates -240 pbs 0 pbs -640 pbs Flow thro
Slide 36: BRS Underlying Operating Profit Margin by semester
BRS Underlying Operating Profit Margin by semester Fiscal 2020 Financial Performance 30 % of UOP* FY20 Benefits & Rewards Services H1 H2 At constant rates -300 pbs +160 pbs -800 pbs 31% 26.2% 29.1% 30.2% 32.7% 20.8% FY 2019 FY 2020 H1 2019 H1 2020 H2 2019 H2 2020 At current rates -480 pbs +110 pbs -
Slide 37: Group Underlying Operating Profit Margin by semester
Group Underlying Operating Profit Margin by semester Fiscal 2020 Financial Performance Group H1 H2 At constant rates -240 pbs 0 pbs -600 pbs 5.5% 2.9% 5.9% 5.9% 5.1% H2 2020 FY 2019 FY 2020 H1 2019 H1 2020 H2 2019 -1.5% At current rates -260 pbs 0 pbs -660 pbs Flow through of 20.4% Sodexo / Annual
Slide 38: A resilient cash generative business model
A resilient cash generative business model Fiscal 2020 Financial Performance In million € FCF Stabilizing after a significant drop in March H2 FCF by activity 624 Government support* 72 H1 Q3 Q4 BRS OSS FY20 USPP Makewhole -243 * VAT/ Tax / Social charges deferrals -309 Sodexo / Annual Shareholders
Slide 39: Capex expected to gradually increase to 2.5% mid term
A level of Capex expected to gradually increase to 2.5% mid term Fiscal 2020 Financial Performance 2500 2.5% 2.0% 2.0% 1.9% 2000 1.5% 1.4% 1500 Expected to stabilize at 2.5% 1000 mid term (Universities, 500 Sport & Leisure, New Food models) 398 308 286 415 393 0 FY 2016 FY 2017 FY 2018 FY 2019 FY 20
Slide 40: Liquidity evolution since first half
Liquidity evolution since first half Fiscal 2020 Financial Performance In million € 1,000 -1,403 1,500 4.4 5.2 4,377 5,070 Liquidity* Commercial Bond issue Increase in Bond issue USPP FCF Other** Liquidity* at H1 paper in April unused credit in July reimbursement at Year end reimbursement facilities
Slide 41: A solid balance sheet
A solid balance sheet Fiscal 2020 Financial Performance 67% Strong Investment Grade S&P “A-/A-1” 38% 2.1 27% 17% Gearing* 11% 1 0.9 0.3 0.4 Net debt ratio** FY2016 FY2017 FY2018 FY2019 FY2020 * (Borrowings – Operating cash) / Shareholders' equity and non-controlling interests ** (Borrowings – Operat
Slide 42: A year of exception in dividend policy
A year of exception in term of dividend policy Shareholders and Stock Market Performance 58% 55% 50% 50% Pay-out ratio before non-recurring items (%) €2.90 €2.75 €2.75 €2.40 0% Dividend per share (€) €0 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Sodexo / Annual Shareholders Meeting / January 12, 2021 /
Slide 43: Stock market performance
Stock market performance Shareholders and Stock Market Performance Evolution of the share price over the last 5 years 120 As of August 31, 2020 110 100 90 CAC 40 -10% +6% 80 83.16 € 70 60 SODEXO -42% -24% 59.96 € 50 August August August August August August 2015 2016 2017 2018 2019 2020 Sodexo / Ann
Slide 44: Share price x 38.7 since 1983 listing
Stock market performance Shareholders and Stock Market Performance As of August 31, 2020 Since its first listing in 1983 SHARE PRICE x 38.7* 2.9 times higher growth than the CAC 40 * Alternative performance indicators Sodexo / Annual Shareholders Meeting / January 12, 2021 / 44
Slide 45: Division of capital and voting rights
Division of capital and voting rights Shareholders and Stock Market Performance Shareholder breakdown as of 08/31/2020 Voting rights breakdown 39.9% Non-French institutions 42.8% Bellon SA 57.1% 41.6% Bellon SA 55.2% Public Public 1.0% Employees 11.2% 1.3% 1.0% French institutions Employees Treasury
Slide 46: Denis Machuel, Chief Executive Officer
Denis Machuel Chief Executive Officer Sodexo / Annual Shareholders Meeting / January 12, 2021 / 46
Slide 47: First quarter Fiscal 2021 in line with assumptions
First quarter Fiscal 2021 in line with assumptions Group On-site €4.4 bn Benefits & Services -22.7% Rewards Services -23.3% -21.5% -5.6% excl. RWC Sodexo / Annual Shareholders Meeting / January 12, 2021 / 47
Slide 48: Outlook for the first half Fiscal 2021
Outlook for the first half Fiscal 2021 Organic Growth: -20 to -25% UOP Margin at constant rate: at least 2.5% Over the longer term On the basis that the pandemic will be over by 2021 calendar year end, the Group aims to return to sustained growth and to rapidly increase the Underlying operating marg
Slide 49: Sophie Bellon, Chairwoman of the Board of Directors
Sophie Bellon Chairwoman of the Board of Directors Sodexo / Annual Shareholders Meeting / January 12, 2021 / 49
Slide 50: Video: Corporate governance
Video ● Corporate governance Sodexo / Annual Shareholders Meeting / January 12, 2021 / 50
Slide 51: Introducing a new Director
Introducing a new Director proposed for appointment at this Shareholders Meeting ● Federico J. González Tejera Sodexo / Annual Shareholders Meeting / January 12, 2021 / 51
Slide 52: Cécile Tandeau de Marsac, Corporate Officers' compensation
Cécile Tandeau de Marsac Chairwoman of the Compensation Committee Corporate Officers’ compensation Sodexo / Annual Shareholders Meeting / January 12, 2021 / 52
Slide 53: Components of the Corporate Officer's compensation
Components of the Corporate Officer’s compensation Fiscal 2020 ● Decisions taken by the Board of Directors due to the sanitary crisis ▸ Reduction of the Chairwoman and Chief Executive Officer’s fixed compensation by 50 % for the second half of the fiscal year. ▸ Suppression of the Chief Executive Of
Slide 54: Components of the Chairwoman's compensation
Components of the Chairwoman’s compensation Fiscal 2020 Amount awarded Theoretical amount Fixed compensation €506,250 €675,000 Fringe benefits (use of a Company car) €1,769 €1,769 TOTAL €508,019 €676,769 Sophie Bellon also benefited from collective health and benefit plans. Sodexo / Annual Sharehold
Slide 55: Components of the CEO's compensation
Components of the Chief Executive Officer’s compensation Fiscal 2020 Amount awarded Theoretical amount Fixed compensation €675,000 €900,000 Variable compensation €0 €247,500 Fringe benefits (Use of a Company car + unemployment insurance policy) €13,463 €13,463 TOTAL €688,463 €1,160,963 Denis Machuel
Slide 56: CEO's compensation: long-term and pension plan
Components of the Chief Executive Officer’s compensation Fiscal 2020 ● Long-term compensation ▸ As expected, no performance shares were granted. ▸ Vesting of 6,750 shares on April 27, 2020 (under the 2016 restricted share plan). ● Supplemental pension plan ▸ The supplemental pension plan approved by
Slide 57: Board of Directors' compensation Fiscal 2020
Information related to Corporate Officers’ compensation Fiscal 2020 ● Board of Directors’ compensation ▸ The maximum amount of compensation available was 900,000 euro. ▸ The total amount actually paid to all directors (other than to the Chairwoman) was: 788,800 euro, representing 88% of the total bu
Slide 58: Pay equity ratio
Information related to Corporate Officers’ compensation Fiscal 2020 ● Pay equity ratio Fiscal Fiscal Fiscal Fiscal Fiscal 2016 2017 2018 2019 2020 Chairwoman of Ratio average compensation 19 19 20 21 16 the Board of Directors Ratio median compensation 24 24 26 27 20 Ratio average compensation 158 17
Slide 59: Board of Directors' compensation policy
Board of Directors’ compensation policy Fiscal 2021 ● Total annual amount of compensation of 900,000 euro (unchanged since 2018) Fixed Additional compensation Variable compensation compensation for chairing a Commitee (attendance at each meeting) Board of Directors €20,000 €4,000 Audit Committee €5,
Slide 60: Chairwoman's compensation policy
Chairwoman of the Board of Directors’ compensation policy Fiscal 2021 ● Fixed compensation of 675,000 euro (unchanged since 2018) ● Collective health and benefit plans ● Fringe benefits: use of a Company car Sodexo / Annual Shareholders Meeting / January 12, 2021 / 60
Slide 61: Chief Executive Officer's compensation policy
Chief Executive Officer's compensation policy Fiscal 2021 Sodexo / Annual Shareholders Meeting / January 12, 2021 / 61
Slide 62: CEO's compensation policy: other elements
Chief Executive Officer's compensation policy Fiscal 2021 ● Other compensation elements ▸ Supplemental pension plan ▸ Collective health and benefit plans ▸ Fringe benefits: use of a Company car and an unemployment insurance policy ▸ Non-compete agreement ● Supplemental pension plan If the circular i
Slide 63: Sophie Bellon, Chairwoman of the Board of Directors
Sophie Bellon Chairwoman of the Board of Directors Sodexo / Annual Shareholders Meeting / January 12, 2021 / 63
Slide 64: Statutory Auditors' reports, KPMG
Caroline Bruno-Diaz KPMG Statutory Auditors’ reports Sodexo / Annual Shareholders Meeting / January 12, 2021 / 64
Slide 65: Reports on financial statements: unqualified opinion
Reports on the consolidated and individual URD Pages 161-165 company financial statements and 191-194 Unqualified opinion ● Purpose of our engagement: obtain reasonable assurance ▸ that the financial statements are free of material misstatement, ▸ comply with the applicable accounting standards, and
Slide 66: Key audit matters
Reports on the consolidated and individual URD Pages 161-165 company financial statements and 191-194 Key audit matters Matters requiring particular attention during our audit and which we consider to be the most significant: ● Consolidated financial statements: ▸ Measurement of the recoverable amou
Slide 67: Reports on financial statements: specific verifications
URD Reports on the consolidated and individual Pages 161-165 company financial statements and 191-194 Specific Verifications Informations Nature and extent of our verifications Conclusion Fair presentation and consistency Management Report We have no matters to report with the financial statements S
Slide 68: Special report on related-party agreements
Special report on related-party URD agreements Pages 195-196 ● No new agreements to be approved by the Shareholders Meeting ● Agreements already approved by the Shareholders Meeting in the prior years implemented during the year ▸ Service agreement between Sodexo and Bellon SA: the expense booked in
Slide 69: Sophie Bellon, Chairwoman of the Board of Directors
Sophie Bellon Chairwoman of the Board of Directors Sodexo / Annual Shareholders Meeting / January 12, 2021 / 69
Slide 70: Questions/Answers
Questions/Answers To ask your questions live : from France: +33 1 70 71 01 59 from the UK: +44 207 194 3759 from the US: +1 646 722 4916 (cost of a local call) followed by the passcode 13515834# to ask your question in French, or the passcode 20130355# to ask your question in English. Sodexo / Annua
Slide 71: Voting results
Cindy Cario Board Secretary Voting results Ordinary Annual Shareholders Meeting Sodexo / Annual Shareholders Meeting / January 12, 2021 / 71
Slide 72: 1st resolution: individual financial statements
1st resolution ● Adoption of the individual company Resolution adopted Financial Statements for Fiscal 2020 ▸ Net income of €221,090,476 ▸ For: 99.9% (189,445,933 votes) ▸ Against: 0.1% (277,330 votes) ▸ Abstention: - (49,826 votes) Sodexo / Annual Shareholders Meeting / January 12, 2021 / 72
Slide 73: 2nd resolution: consolidated financial statements
2nd resolution ● Adoption of the Consolidated Financial Resolution adopted Statements for Fiscal 2020 ▸ Group net loss amounting to €315 million ▸ For: 99.9% (189,595,958 votes) ▸ Against: 0.1% (127,305 votes) ▸ Abstention: - (49,826 votes) Sodexo / Annual Shareholders Meeting / January 12, 2021 / 7
Slide 74: 3rd resolution: appropriation of net income
3rd resolution ● Appropriation of net income for Fiscal 2020 Resolution adopted ▸ To retained earnings which, after appropriation, totals €1,691,767,004 ▸ For: > 99.9% (189,740,319 votes) ▸ Against: < 0.1% (4,492 votes) ▸ Abstention: - (28,278 votes) Sodexo / Annual Shareholders Meeting / January 12
Slide 75: 4th resolution: reappointment of Sophie Bellon
4th resolution ● Reappointment of Sophie Bellon Resolution adopted as a director for a three-year term ▸ End of term: Annual Shareholders Meeting held to approve the financial statements for the fiscal year ending August 31, 2023 ▸ For: 92.6% (175,469,119 votes) ▸ Against: 7.4% (14,057,852 votes) ▸
Slide 76: 5th resolution: reappointment of Nathalie Bellon-Szabo
5th resolution ● Reappointment of Nathalie Bellon-Szabo Resolution adopted as a director for a three-year term ▸ End of term: Annual Shareholders Meeting held to approve the financial statements for the fiscal year ending August 31, 2023 ▸ For: 94.5% (179,220,519 votes) ▸ Against: 5.5% (10,516,711 v
Slide 77: 6th resolution: reappointment of Françoise Brougher
6th resolution ● Reappointment of Françoise Brougher Resolution adopted as a director for a three-year term ▸ End of term: Annual Shareholders Meeting held to approve the financial statements for the fiscal year ending August 31, 2023 ▸ For: 99.8% (189,107,664 votes) ▸ Against: 0.2% (440,510 votes)
Slide 78: 7th resolution: appointment of Federico J. González Tejera
7th resolution ● Appointment of Federico J. González Tejera Resolution adopted as a new director for a three-year term ▸ End of term: Annual Shareholders Meeting held to approve the financial statements for the fiscal year ending August 31, 2023 ▸ For: > 99.9% (189,554,133 votes) ▸ Against: < 0.1% (
Slide 79: 8th resolution: reappointment of KPMG S.A.
8th resolution ● Reappointment of KPMG S.A. Resolution adopted as statutory auditor for a six-year term ▸ End of term: Annual Shareholders Meeting held to approve the financial statements for the fiscal year ending August 31, 2026 ▸ For: 97.5% (184,941,858 votes) ▸ Against: 2.5% (4,795,450 votes) ▸
Slide 80: 9th resolution: compensation of Corporate Officers
Section 5.5 9th resolution of the URD ● Approval of information related to the Resolution adopted compensation paid during or awarded for Fiscal 2020 to Corporate Officers ▸ Information available in section 5.5 of the Universal Registration Document and also provided by the Chairwoman of the Compens
Slide 81: 10th resolution: Chairwoman's compensation
Section 5.5.2 10th resolution of the URD ● Approval of the components of the Resolution adopted compensation paid during or awarded for Fiscal 2020 to Sophie Bellon, Chairwoman of the Board of Directors ▸ Information available in section 5.5.2 of the Universal Registration Document and also provided
Slide 82: 11th resolution: CEO's compensation
Section 5.5.2 11th resolution of the URD ● Approval of the components of Resolution adopted the compensation paid during or awarded for Fiscal 2020 to Denis Machuel, Chief Executive Officer ▸ Information available in section 5.5.2 of the Universal Registration Document and also provided by the Chair
Slide 83: 12th resolution: Board compensation policy
Section 5.5.1.5 12th resolution of the URD ● Approval of the compensation policy Resolution adopted applicable to the Board of Directors for Fiscal 2021 ▸ Information available in section 5.5.1.5 of the Universal Registration Document and also provided by the Chairwoman of the Compensation Committee
Slide 84: 13th resolution: Chairwoman compensation policy
Section 5.5.1 13th resolution of the URD ● Approval of the compensation policy Resolution adopted applicable to the Chairwoman of the Board of Directors for Fiscal 2021 ▸ Information available in section 5.5.1 of the Universal Registration Document and also provided by the Chairwoman of the Compensa
Slide 85: 14th resolution: CEO compensation policy
Section 5.5.1 14th resolution of the URD ● Approval of the compensation policy Resolution adopted applicable to the Chief Executive Officer for Fiscal 2021 ▸ Information available in section 5.5.1 of the Universal Registration Document and also provided by the Chairwoman of the Compensation Committe
Slide 86: 15th resolution: share purchase authorization
15th resolution ● Authorization for the Board of Directors Resolution adopted to purchase shares of the Company ▸ Purpose: − To cover restricted share plans − To enable capital reduction through cancellation of shares − To carry out market-making in Sodexo shares ▸ Maximum purchase price: €90 per sh
Slide 87: 16th resolution: powers to carry out formalities
16th resolution ● Powers to carry out formalities Resolution adopted ▸ For: > 99.9% (189,747,461 votes) ▸ Against: < 0.1% (1,029 votes) ▸ Abstention: - (24,599 votes) Sodexo / Annual Shareholders Meeting / January 12, 2021 / 87
Slide 88: Simple, green, quick: e-convocation and e-voting
E-convocation and e-voting available DIGITAL SIMPLE GREEN QUICK Sodexo / Annual Shareholders Meeting / January 12, 2021 / 88
Slide 89: Sophie Bellon, Chairwoman of the Board of Directors
Sophie Bellon Chairwoman of the Board of Directors Sodexo / Annual Shareholders Meeting / January 12, 2021 / 89
Slide 90: Annual Shareholders Meeting
Annual Shareholders Meeting January 12, 2021