Sodexo releases Pluxee’s financial statements and announces intended listing date of February 1, 2024 - Seite 2

Additional adjustments include:

• Recurring Operating Profit (ROP) also comprises invoiced HQ costs to Pluxee in Fiscal 2023. From Fiscal 2024 onwards, Pluxee’s standalone HQ costs are estimated at circa 45 million euros, as previously announced;
• A one-off anti-trust fine related to the decision of the competition authorities has been provisioned and recorded as a subsequent event as of August 31, 2023 following the confirmation of the Paris Court of Appeal on November 16, 2023.

The detailed impact on Pluxee’s Fiscal 2021, 2022 and 2023 financial statements and alternative performance measures are provided in the presentation published alongside this announcement. Pluxee’s 3-year audited combined financial statements are available on sodexo.com.

There is no change to Sodexo’s reporting.

Pluxee’s capital structure post spin-off

Post spin-off, Pluxee will benefit from a strong balance sheet to execute its growth strategy.
As of August 31, 2023, liquidity position is 859 million euros.

The company has further secured a robust financial package, including a bridge loan of 1.5 billion euros and a revolving credit facility of 0.65 billion euros.

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Conference call

Sodexo will host a conference call on December 19, 2023, at 9.00 a.m. (Paris time),
8.00 a.m. (London time) to comment on the evolutions to Pluxee’s financial reporting.

Those who wish to connect:

• from the UK / International, please dial: [phone]
• from France, please dial: [phone]
• from the USA, please dial: [phone]

Access Code: 07 26 13

A live audio webcast will also be available on www.sodexo.com.

The press release, presentation and webcast will be available on the Group website www.sodexo.com in both the “Newsroom” section and the “Investors – Financial Results” section.

 

About Sodexo

Founded in Marseille in 1966 by Pierre Bellon, Sodexo is the global leader in sustainable food and valued experiences at every moment in life: learn, work, heal and play. The Group stands out for its independence, its founding family shareholding and its responsible business model. Its portfolio of activities includes Sodexo Food and Facilities Management Services and Pluxee Employee Benefit Solutions, activity for which the Group announced a spin-off and listing project in early 2024. This diversified offer meets all the challenges of everyday life with a dual goal: to improve the quality of life of our employees and those we serve, and contribute to the economic, social and environmental progress in the communities where we operate. For Sodexo, growth and social commitment go hand in hand. Our purpose is to create a better everyday for everyone to build a better life for all.