Copie de Presentation Board 2019

SHARED AND COPORATE COSTS AT GROUP LEVEL
2019

SHARED AND CORPORATE COSTS
Key points AT Group level :
Ymagis is a group with > 65 entities in > 20 countries , listed in Paris Stock exchange which generate heavy obligations and needs of more process and rigour
“Shared costs” : an aggregate which needs to be clarified :
Include 3 different components :
Dedicate charges support by holding for one entity and re invoiced (some leasing..)
SHARED COSTS : real centralized and mutualized costs, to reduce the cost for each entity, reallocated according to objective keys (number of licenses, employees, m² etc...): these are operating or functional costs for the subsidiaries (and NOT group corporate costs)
And the CORPORATE COSTS linked to group management: executive, finance, treasury, IT departments et RH .. which should be invoiced like Management fees.

KEYS NUMBERS FOR 2019
Global decrease of 11% of shared and corporate costs /18 & -6%/B, at 16M€
Significant decrease of Shared costs / 18 at 6,9 M€
A significicant effort / subsidiaries : 6,9M€ of costs are not invoiced to subsidiaries (including exceptionnal charges) with represente 74% of corporate costs or 42% of global costs
Only 2,4 M€ of corporate cost are invoiced
Not invoiced

2019 Shared and corporate costs : invoicing by function
Mainly : IT 4,7 M€ with 1,9M€ for new projects ,
Finance 1,5 M€ and Marketing 1 M€
IT
Mark

SHARED COST
BELARUS

SHARED COST 2019
Marketing:
Mission = Coordinate te CN marketing activities as events communication
Procurement:
Mission= Managing the suppliers relations Improving the TCS per supplier, manage the new product introduction chase for the rebates
IS:
Mission = Manage the IT tools as licences, Network, safety startegies,…
RD:
Mission = Developp the new Sofware solutions needed for CN as TMS, Shop, Digital signage. Maintain the older tools

SHARED COST 2019
SAP:
Mission = Maintenance Master Data, CRM, Maintain tools, support in case of issues
Central Warehouse:
Mission = Manage the whole flow between CN and the Suppliers, manage the inventories and optimize them across the whole CN, manage the transportation and the kitting in line with the Business needs
CN Finance and controlling :
Mission= Make the CN consolidated reportings, implement the Group Tools, Participate and support the Business initiatives

SHARED COST 2019
SALES:
Mission = Coordinate the Sales organization across all the countries
Put in the month reporting
Implement a CN CRM across all the countries
Help the countries to develop new opportunities
Product Management:
Mission = Manage per category the Product evolutions, Support each country on the technical products aspects, organize the trainings needed to either manage the existing technologies or the new one

SHARED COST 2019
BELARUS

BY10 – Shared cost 2019
Overall a Decrease compared to the Initial Budget
New Sales Organization in place
Decrease of the Mktg Initial Budget
Product Team again in place and a strong input on the Sound, Picture Strategies
Involved in the updated Premium Offer

CORPORATE COST 2019

BY10 – Corporate cost 2019
During 2019 a high focus on the CN strategy Result in the Perform 2022
Deployment of the Group Tools for the Monthly Reporting's and the Cash Management
Kick-off of the CN Academy
Daily support from the Legal Team (Contracts)

Shared & Corporate Costs
2020
At group level

KEYS NUMBERS FOR B 2020
Signifiant decrease of global costs : -41%/ 19 at 9,6 M€
-26 %/19 of shared costs at 5,1 M€
-51%/19 of corporate costs
Corporate costs 2020 represente 3,1% of this B20 revenue (Verison 2,before Covid)

SHARED AND CORPORATE COST S 2020 BY FUNCTION

BELARUS
Corporate and Shared Costs 2019-2020

BY10 – Comparaison 2019-2020
Mktg Only CN have planned events
Reduction of Headcount in this department
Main Projects in 2019/2020 are
ERP21 600K
SHOP
TMS
Goal: To optimize the Inventories across the Group Target 5MEuro of Cash
Coordinate the Global Strategy Validated in the Perform

BY10 – Comparaison 2019-2020
Significant Decrease of the Corporate Costs year over year

Relationship BY10 vs Group
INTERCOMPANY AR & AP at 31.03.2020
(shared cost 2018 excluded -190K€)

KEYS NUMBERS FOR 2018
Shared costs represent 75% of the overall costs and should be considered as a charge to them.
2018 Corporate costs which represent only 25% of invoicing