歐尚集團2019年年度財務報告 - 歐尚集團（英文版）.pdf

1、2019 ANNUAL FINANCIAL REPORT AND NON-FINANCIAL PERFORMANCE STATEMENT Financial report 2019 I Summary 1Financial report 2019 I DECLARATION BY THE PERSON FOR THE FINANCIAL REPORT8 PRESENTATION OF THE BUSINESS AND MANAGEMENT REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS9 Significant events and main c

2、hanges in scope1.110 Activities and results1.212 Corporate social responsibility1.316 Events after the reporting period1.418 Outlook1.518 RISK MANAGEMENT19 Financial risk management2.120 Internal control procedure2.221 Vigilance plan2.323 CONSOLIDATED FINANCIAL STATEMENTS29 Consolidated Financial st

3、atements3.130 Notes to the consolidated financial statements3.237 STATUTORY AUDITORS REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS113 NON-FINANCIAL PERFORMANCE STATEMENT119 Introduction5.1120 Employees5.2123 Environment5.3136 Partners5.4148 Customers5.5155 Activity of the Foundations5.6162 Methodo

4、logy5.7166 Report from one of the statutory auditors,ontheconsolidated 5.8 non-financial performance statement170 1.3% 98.7% Auchan Holding combines two companies and an equity investment which operate in complementary business lines: Auchan Retail, a new generation retailer; Ceetrus, which develops

5、 and manages sustainable, intelligent living spaces and stores. With the support of Auchan Holding, each business line is taking a responsible approach to strengthening its positions on its core markets, by making profound transformations to achieve their vision, thanks to their 331,099 employees. A

6、uchan Holding also holds an equity investment of 49.3% in Oney Bank, which since 2019 has benefited from the joint expertise of BPCE and Auchan Holding to speed up its growth and increase its presence in Europe in payment, finance and digital identification solutions Present in 14 countries, Auchan

7、Retail covers all food retail formats (hypermarkets, supermarket, convenience stores and drive-throughs) with 2,293 points of sale. Auchan Retail places inhabitants at the heart of everything it does, offering them a “phygital” shopping experience, which combines physical stores with the digital eco

8、system, and exclusive, high-quality products at the best price. New generation retailers, “players for what is good, healthy and local” market, the 329,694 Auchan Retail employees help everyone to live better by eating better, by way of a responsible approach with all their stakeholders (customers,

9、producers, suppliers, associations, start-ups, etc.) SALES 46.4bn Presence in 15 countries ON 3 CONTINENTS SALES BY GEOGRAPHICAL AREA BREAKDOWN OF SALES BY BUSINESS LINE France Asia and Africa Central and Eastern Europe Southern Europe 13% 20% 29% 38% KEY FIGURES* * Excluding Oney Bank. On 22 Octobe

10、r 2019, Auchan Holding completed the disposal of 50.1% of the capital of Oney Bank to BPCE, which is now consolidating this entity. 2Financial report 2019 I OPERATING PROFIT FROM CONTINUING OPERATIONS 2019 1,042 M NET FINANCIAL DEBT 2019 3,870 M EBITDA(1): 2019 2,913 M CEETRUS 950 Employees AUCHAN R

11、ETAIL 329,694 Employees On 22 October 2019, Auchan Holding completed the disposal of 50.1% of the capital of Oney Bank to BPCE, which is now consolidating this entity. Oney Bank will now benefit from the joint expertise of BPCE and Auchan Holding to speed up its growth and increase its presence in E

12、urope in payment, finance and digital identification solutions. Involved in a transformation process since 2016 and driven by its 2030 Vision, Ceetrus continues to move from a commercial property company to a mixed use property developer. Ceetrus has set itself the aim of helping develop social ties

13、 that will drive the city of the future, creating sustainable, connected and lively living spaces and stores. This evolution is taking shape primarily on existing commercial sites. With the aim of enhancing their value and attractiveness to contribute to the success of its traders and partners, Ceet

14、rus reinvents commercial sites by integrating housing, offices, leisure and urban infrastructure. Keeping a close eye on the city, the company also works with new programmes to provide each region with a comprehensive and tailored urban solution. The company has: 950 employees. of which 234,342 shar

15、eholding employees 331,099 EMPLOYEES (1) EBITDA is defined as Operating profit from continuing operations excluding other recurring operating profit and expenses, depreciation, impairment and provisions. 3Financial report 2019 I RESOURCESVALUE CREATION HUMAN Percentage of internal promotion from non

16、-managers to managers: 31.39% Share of permanent employeein total workforce: 73.52% Number of training hours per employee: 30.7 Share of full-time employees in total workforce: 82.63% FINANCIAL Number of employee shareholders: 233,605 SOCIETAL 229 projects supported by foundations CLIENT Net promote

17、r score: 42 (operational in 8 countries) ENVIRONMENTAL Evolution of carbon intensity of stores: - 6.9 % Evolution of store energy consumption per sq m of surface: -3.3 % Evolution of tonnage of recovered waste: - 0.2 % Evolution of waste recovery rate in hypermarkets: 0,1 % 35.2 million plastic bott

18、les collected for recycling in Auchan stores in France FINANCIAL Turnover: 45.8 billion EBITDA: 2.5 billion REAL ESTATE Number of sales outlets under brand name: 2,293 ine 14 countries HUMAN Number of employees: 329,694 Percentage of women managers: 49.6% Percentage of employees with disabilities: 2

19、.98 % Number of meetings between management and staff representatives: 9,658 SOCIETAL Number of social audits on international suppliers: 1,127 Signatory of the Global Compact, member of the Consumer Good Forum and the Initiative for Compliance and Sustainability 2.5 million allocated to foundations

20、 ENVIRONMENTAL Energy consumption: 1,313 KWh/sq m of surface Waste production in hyper: 685,409 tons provide a phygital shopping experience combining the best aspects of brick-and-mortar stores with the digital ecosystem to improve quality of life for local residents. Actively committed to good, hea

21、lthy and local Our ambition Create relationships and experiences Select and design a unique, fair and responsible off er STRATEGIC PILLARS Encourage healthy eating Fight food waste and the use of plastic Control our carbon footprint CSR COMMITMENTS To meet the requirements 1 2 3 3 OF OUR KEY STAKEHO

22、LDERS SUSTAINABLE DEVELOPMENT GOALS Our social commitments Encourage healthy eating Fight food waste and the use of plastic Control our carbon footprint InhabitantsEmployees Partners Hypermarket Ultra-convenience E-commerce Drive up Supermarket Data driven User centric C M J CM MJ CJ CMJ N BUSINESS_

23、MODEL_AUCHAN_UK-HD-V2.pdf 1 19/03/2020 08:56 4Financial report 2019 I VALUE CREATION HUMAN Percentage of internal promotion from non-managers to managers: 31.39% Share of permanent employeein total workforce: 73.52% Number of training hours per employee: 30.7 Share of full-time employees in total wo

24、rkforce: 82.63% FINANCIAL Number of employee shareholders: 233,605 SOCIETAL 229 projects supported by foundations CLIENT Net promoter score: 42 (operational in 8 countries) ENVIRONMENTAL Evolution of carbon intensity of stores: - 6.9 % Evolution of store energy consumption per sq m of surface: -3.3

25、% Evolution of tonnage of recovered waste: - 0.2 % Evolution of waste recovery rate in hypermarkets: 0,1 % 35.2 million plastic bottles collected for recycling in Auchan stores in France FINANCIAL Turnover: 45.8 billion EBITDA: 2.5 billion REAL ESTATE Number of sales outlets under brand name: 2,293

26、ine 14 countries HUMAN Number of employees: 329,694 Percentage of women managers: 49.6% Percentage of employees with disabilities: 2.98 % Number of meetings between management and staff representatives: 9,658 SOCIETAL Number of social audits on international suppliers: 1,127 Signatory of the Global

27、Compact, member of the Consumer Good Forum and the Initiative for Compliance and Sustainability 2.5 million allocated to foundations ENVIRONMENTAL Energy consumption: 1,313 KWh/sq m of surface Waste production in hyper: 685,409 tons products, our teams, suppliers and producers off er a range of resp

28、onsible, fair solutions, products and services - bringing people together, creating experience and improving the quality of life through better eating. provide a phygital shopping experience combining the best aspects of brick-and-mortar stores with the digital ecosystem to improve quality of life f

29、or local residents. Actively committed to good, healthy and local Our ambition Create relationships and experiences Select and design a unique, fair and responsible off er STRATEGIC PILLARS Encourage healthy eating Fight food waste and the use of plastic Control our carbon footprint Non- profi ts Pa

30、rtners in sector Trade unions Industrial partners Local producers Local national and international authorities Suppliers of Auchan brand products CSR COMMITMENTS To meet the requirements 1 2 3 3 OF OUR KEY STAKEHOLDERS SUSTAINABLE DEVELOPMENT GOALS Our social commitments Encourage healthy eating Fig

31、ht food waste and the use of plastic Control our carbon footprint Employees Partners Hypermarket Ultra-convenience E-commerce Drive up Supermarket Data driven User centric C M J CM MJ CJ CMJ N BUSINESS_MODEL_AUCHAN_UK-HD-V2.pdf 1 19/03/2020 08:56 5Financial report 2019 I Economic fi gures 295 retail

32、 parks managed 2.3 million sq m of shopping centres managed 1 billion visitors annually 10,700 trading partners Environmental fi gures 6 % decrease in total consumption per sq m since 2014 37 % of total value of real estate certifi ed or in the process of being certifi ed BREEAM in use 74 % of proje

33、cts certifi ed or in the process of being certifi ed BREEAM new building since 2012 RH fi gures + 900 employees 50 % women managers Societal fi gures Over 1,000 permanent or temporary jobs created in our shopping centres 3,917 days of CSR events (Job Fair, Environmental Fair, collections, etc.) Oper

34、ate Manage Enhance value in use #Retail #Property #Exploitation Manage Investment Divest #Asset Ceetrus invest in projects that create value and are line with its Vision 2030. In its role as an asset manager, Ceetrus enhances and secures the value of its property assets to ensure maintained quality

35、and improved performance. Having fi rst identifi ed the needs of the local community by consulting and dialoguing with all relevant stakeholders, Ceetrus co-creates and develops global and tailor-made urban solutions, combining commercial and residential areas, offi ces and urban infrastructure. As

36、a committed urban planning player in mixed-use real estate, Ceetrus strives to build living spaces with easy access to city centres and providing a full range of modern urban facilities. In addition to traditional site management (management of rental charges, technical asset management, marketing,

37、management of leases), Ceetrus animates retail, leisure, cultural and social spaces and provides a new, enriching visitor experience through a range of tailored, innovative off ers and services. Ceetrus helps to create bonds between local players, working with local communities to bring life to loca

38、lities and supporting them in their projects and initiatives. Co-construct with local territories and stakeholders Lorem ipsum Planning Development Restructuration #Development #Real Estate #Urbanism OPEN TO LOCAL COMMUNITIES POSITIVE IMPACT CO-BUILT TAILORED MIXED-USE BRINGING PEOPLE TOGETHER SERVI

39、CE HUB B y C e e t r u s L i v i n g a r e a Retail Developer Urban planning Asset Management Property Management Investor Offi ce space Developer Promoter Housing Developer Promoter Service and leisure areas Developer Urban planning Business model Mixed-use real estate developer As Auchans historic

40、 commercial real estate partner, Ceetrus ensures the eff ective management of its assets and enhances the attractiveness of its sites by means of mixed use developments ranging from shops, housing and offi ces to leisure and urban infrastructure. Its new projects extend beyond purely commercial usag

41、es to all aspects of city life, Ceetrus provides global urban solutions, co-constructed with local players and tailored to meet the needs of the local community. It strengthens bonds within these communities, by consulting local players and ensuring the vibrancy of localities. BUSINESSMODEL_CEETRUS_

42、AUCHAN_UK-HD.pdf 1 19/03/2020 09:03 6Financial report 2019 I 3% EMPLOYEE SHAREHOLDERS 97% FAMILY SHAREHOLDERS AUCHAN HOLDING OWNERSHIP OF CAPITAL EDGARD BONTE CEO EDGARD BONTE General Manager VIANNEY MULLIEZ CEO BENOIT LHEUREUX General Manager 100%100%49.3% Unlisted company made up of family and emp

43、loyee shareholders, Auchan Holding combines two complementary companies, Auchan Retail and Ceetrus, and one has held a 49.3% equity investment in Oney Bank alongside BPCE since 2019. 7Financial report 2019 I 8Financial report 2019 I DECLARATION BY THE PERSON FOR THE FINANCIAL REPORT CROIX, 5MARCH 20

44、20 I certify that, to my knowledge, the financial statements have been prepared in compliance with applicable accounting standards, and give a true view of the assets, financial situation and results of operations of the company and of all of the companies included within the consolidation scope. Th

45、e management report provides an accurate description of the business trends, results of operations and financial situation of the company and all of the companies included in the consolidation scope, as well as a description of the main risks and uncertainties that they face. Barthlmy Guislain Chair

46、man of the Board of Directors of Auchan HoldingSA 9Financial report 2019 I PRESENTATION OF THE BUSINESS AND MANAGEMENT REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS Significant events and main changes in scope1.110 Activities and results1.212 Corporate social responsibility1.316 Events after the r

47、eporting period1.418 Outlook1.518 PRESENTATION OF THE BUSINESS AND MANAGEMENT REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS Significant events and main changes in scope 1 10Financial report 2019 I A management report on Auchan Holding SAs annual financial statements is also prepared. SIGNIFICANT E

48、VENTS AND MAIN CHANGES IN SCOPE1.1 CHANGES IN THE STORE NETWORK The number of points of sale operated by Auchan Retail changed as follows in 2019: in Western Europe, the number of points of sale decreasedP by a net 372 units, mainly due to the disposal of activities in Italy (-357) and the closure o

49、f sites in France (-14) and in Spain (-11); in Central and Eastern Europe, the number of points of saleP decreased by a net 20 units, mainly in Russia (-28); in Asia and Africa, the number of points of sale decreased byP a net 126 units, of which -111 in China (mainly Auchan minute) and -21 in Vietnam. Including the franchised store network (279points of sale in 201