Registration Document BOUYGUES

CSR
According to the ISO 26000 standard, CSR is the responsibility of an organisation for the impacts
of its decisions and activities on society and the environment, through transparent and ethical
behaviour that: (a) contributes to sustainable development, including health and the welfare
of society; (b) takes into account the expectations of stakeholders; (c) is in compliance with
applicable law and consistent with international norms of behaviour; (d) is integrated throughout
the organisation and practised in its relationships.
Future
Gearing
A forward agreement that constitutes a firm commitment to buy or sell an agreed quantity of
an underlying asset at an agreed price and at an agreed future date. Futures are standardised
and listed instruments, relating to reference assets for a standard amount and at set terms.
The ratio of net debt to equity (including minority interests).
Directors’ fees
Annual sum determined by the general meeting in order to remunerate directors for their work
on the board and, where relevant, board committees. The board of directors is free to set the
amount payable to each director. Directors’ fees frequently include a variable component so
that the amount paid to individual directors can be linked to attendance at board meetings.
Global Compact
A United Nations initiative launched in 2000 that invites companies, labour organisations and civil
society to adopt, support and apply in their sphere of influence a set of ten universally accepted
principles relating to human rights, labour, the environment and anti-corruption.
For further information: www.unglobalcompact.org
Dividend
Earnings per
share
EBITDA
Portion of its profit that a company distributes to each of its shareholders. The amount of the
dividend is proposed by the board of directors and approved by the general meeting called to
consider and approve the financial statements for the year ended.
Net profit attributable to the Group divided by the average number of shares during the year.
Earnings before interest, taxes, depreciation and amortisation. Current operating profit plus net
amortisation expense plus net provisions and depreciation expense minus reversals of provisions
no longer required.
Greenhouse
gases
Grenelle
Environment
Summit
Gases naturally present in the atmosphere (though representing less than 1% of the composition)
which absorb infrared radiation emitted by the earth and hence contribute to the "greenhouse
effect". The two most important greenhouse gases are water vapour (H 2
O) and carbon dioxide
(CO 2
). The other main greenhouse gases are methane (CH 4
), ozone (O 3
), nitrous oxide (N 2
O)
and halocarbons (PFC, CFC). The concentration of greenhouse gases in the atmosphere contributes
to global warming.
A series of meetings organised in autumn 2007 by the French government, trade unions, NGOs,
business organisations and other environmental stakeholders with a view to preparing a body
of environmental legislation. The Grenelle 1 Act was adopted in July 2009, the Grenelle 2 Act
was published in the Balo (legal gazette) on 12 July 2010.
Energy
efficiency
Ratio between the useful output and the input in energy terms. Energy efficiency seeks to reduce
expenditure on energy while preserving identical service quality for the customer with the aim,
by rationalising energy consumption, of limiting the economic cost and environmental impact
of energy production.
GRI (Global
Reporting
Initiative)
A global initiative to develop principles applicable worldwide for rendering account of economic,
environmental and social performance, initially for companies and subsequently for any governmental
or non-governmental organisation.
For further information: www.sommetjohannesburg.org
Exchange offer
FCPE
Firm business
Floor
An announcement made by a company or by individuals to the shareholders of another company,
indicating their intention to acquire the shares of the target company in exchange for other shares.
Fonds Commun de Placement d’Entreprise. Investment fund reserved for the employees and
corporate officers of a company or group of companies with a profit-sharing scheme or corporate
savings plan. Payments into the savings plan may be topped up by a payment from the employer.
The fund's by-laws must be approved by the AMF.
Expression in financial terms of the output of a project, entity or company in a given period of
time. It is equivalent to the company’s book sales.
An over-the-counter interest rate agreement which enables the buyer, in return for a premium, to
hedge against or take advantage of a fall in interest rates below a given level (floor or strike rate).
Internal control Arrangements made by a company and implemented under its responsibility to ensure: a)
compliance with laws and regulations; b) implementation of instructions and directions given by
executive management; c) proper functioning of the company’s internal processes, especially
those relating to the protection of its assets. In order for processes to function correctly, standards
or operating principles have to be established, along with monitoring indicators; d) reliability of
financial information (...) (source: AMF reference framework, June 2010).
Leveraged
scheme
An employee savings scheme that enables employees to make an investment corresponding,
for example, to a single share and, on maturity, to obtain a guarantee or partial protection of
their investment plus the benefit of all or some of any appreciation in the price of the share, to
which a multiplier (six, for example) is applied. The leverage is obtained by issuing a larger
number of shares at a discount (for example, nine times more than the employee’s investment),
the subscription price being financed by a bank (source: AMF).
Free cash flow
Cash flow minus cost of net debt minus income tax expense minus net capital expenditure. It is
calculated before changes in working capital requirement.
Lifecycle
analysis (LCA)
A method for assessing the environmental impact of a product or service from creation through
use to destruction (or disappearance). The term "cradle to grave" is often used. The aim of
lifecycle analysis is to optimise product design in order to minimise the environmental impact.
BOUYGUES • 2011 Registration Document • ADDITIONAL INFORMATION • Glossary • 306