ANNUAL REPORT 2006-2007

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22 > THE QUALITY OF LIFE ARCHITECT EXPERIENCING AND SHARING QUALITY OF LIFE > Strategy NUMBER OF EMPLOYEES 2006-07 2005-06 2004-05 2003-04 2002-03 EMPLOYEES BY REGION 342,380 332,096 324,446 312,975 308,385 NORTH AMERICA UNITED KINGDOM AND IRELAND CONTINENTAL EUROPE EMPLOYEES BY ACTIVITY 8% REMOTE SITES 25% EDUCATION 4% SENIORS 35% 15% HEALTH CARE 12% 27% 26% REST OF THE WORLD 2% SHARED STRUCTURES 4% DEFENSE 1% CORRECTIONAL SERVICES 40% CORPORATE SERVICES REGION NUMBER OF EMPLOYEES North America 119,242 Continental Europe 90,705 United Kingdom and Ireland 42,972 Rest of the World 89,461 99% FOOD AND FACILITIES MANAGEMENT SERVICES 1% SERVICE VOUCHERS AND CARDS
ENSURING GOVERNANCE AND TRANSPARENCY SODEXO AROUND THE WORLD OPERATING PROFIT NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES 2006-07 2005-06 2004-05 * Calculated at the average exchange rate for each year; for Fiscal 2007 1 euro = 1.3219 U.S. dollars. Primarily as a result of the turnaround in the United Kingdom and better management control in the Rest of the World, operating income increased at constant exchange rate by 14.5% (excluding the impact of the gain on the sale of the Spirit Cruises subsidiary and the release of the U.S. litigation provision, both of which affected the comparable prior year amount). GROUP NET INCOME 2006-07 2005-06 2004-05 * Calculated at the average exchange rate for each year; for Fiscal 2007 1 euro = 1.3219 U.S dollars. Group net income increased by 7.5% or by 11% excluding exchange rate effects. This increase primarily resulted from the following: strong growth in operating income, a reduction in fi nancial expense related to continued decrease in debt levels during the year, and to good management of the effective tax rate, which was less than 35%. DIVIDENDS PAID 2006-07* 2005-06 2004-05 EUR millions USD millions* 640 846 605 741 450 573 EUR millions USD millions* 347 459 323 395 212 270 EUR millions USD millions** 183 250 151 194 119 145 * Subject to approval by the Annual Meeting of the Shareholders on January 22, 2008. ** Calculated at the closing exchange rate for each year; for Fiscal 2007 1 euro = 1,3684 U.S. dollars. In view of the positive results and the level of free cash fl ow generated during Fiscal 2007, the dividend submitted to shareholders’ approval will be 1.15 euro per share, 21% above the dividend paid in the previous Fiscal Year. 2006-07 2005-06 2004-05 * Calculated at the average exchange rate for each year; for Fiscal 2007 1 euro = 1.3219 U.S.dollar. For Fiscal 2007, net cash fl ows provided by operating activities are up 54% compared to the prior year, illustrating the quality of the Group’s fi nancial model. NET DEBT AS A PERCENTAGE OF SHAREHOLDERS’ EQUITY* (Including minority interests) 2006-07 2005-06 2004-05 5% 21% 33% * Debt net of cash and fi nancial assets related to Service Vouchers and Cards activity, less bank over-drafts. EARNINGS PER SHARE (in euro) 2006-07 2005-06 2004-05 EUR millions USD millions* 753 995 488 598 677 862 2.22 2.07 1.36 In the absence of the creation of any new shares, earnings per share increased in line with Group net income. Sodexo_Annual Report 2006-2007 23
Page 1 and 2: ANNUAL REPORT 2006-2007 In 2008, is
Page 3: 2 Activities in the Service of the
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Page 8 and 9: As we prepare to accomplish this, w
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Page 43 and 44: 41 WE WISH TO THANK our clients aro
Page 45 and 46: Seniors • Appalachian Christian V
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Page 49 and 50: N ° .2 WORLDWIDE FOODSERVICES 4,95
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Page 63 and 64: N ° .1 WORLDWIDE FOODSERVICES 820
Page 65 and 66: PEOPLE WITH DISABILITIES THINKING I
Page 69 and 70: THE UNIVERSITY OF TAMPA & SODEXO (F
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N ° .2 WORLDWIDE 447 MILLION EURO
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ORACLE & SODEXO (India) Experience
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102 THANKS This Annual Report resul
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In 2008, is changing the Group’s
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ANNUAL REPORT 2006-2007

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