<h1>Acquisition of</h1>
<h1>Derichebourg Multiservices:</h1>
<h1>Elior Accelerates</h1>
<h1>Its Turnaround</h1>

Acquisition of

Derichebourg Multiservices:

Elior Accelerates

Its Turnaround

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Key Highlights

Creates a new global leader in contract catering and multiservices, with approximately 134,000 employees

Enhances the Group’s activities with new and complementary offers

Strong deleveraging: increasing flexibility to drive growth in contract catering and services

Significant potential value creation with at least €30 million in run-rate EBITDA synergies and a double-digit positive impact on EPS as soon as FY2024

All-stock transaction with Elior Group shares issued to Derichebourg SA at €5.65 per share, representing a premium of 119% or 128%, to the last trading day and the one-month average share price prior to rumors, increasing Derichebourg SA ownership to 48.4%, a reference and long-term shareholder.

Evolution of the Board of Directors’ structure with renewed governance, reflecting the new shareholder balance

 

Nomination of Daniel Derichebourg as Chairman and Chief Executive Officer of Elior Group, upon closing of the transaction

Transaction subject to Elior Group shareholders’ approval at an Extraordinary General Meeting during April-May of 2023

 

Unanimous recommendation from Elior Group’s Board of Directors

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Messages

Bernard Gault,

CHAIRMAN AND CEO OF ELIOR GROUP

“After positioning the Group on a profitable path, we are accelerating our turnaround by strengthening our position in service businesses that are highly attractive and complementary to our current activities. By offering a broader suite of services to our clients, we are pursuing a new ambition and creating long-term value for Elior Group’s employees, clients and shareholders.

As part of this project, we are introducing a new balanced and adapted governance structure for all our stakeholders. Daniel Derichebourg, who will be nominated as Chairman and CEO of Elior Group, is an experienced entrepreneur who is passionate about his customers. His track record is a testament to his exceptional success, and he is the ideal leader to accelerate Elior Group’s recovery and enable the Group to achieve its full potential in both of our activities. Daniel’s interests will be fully aligned with those of Elior and the Group’s shareholders.”

Daniel Derichebourg,

CHAIRMAN AND CEO OF DERICHEBOURG AND MEMBER OF THE BOARD OF DIRECTORS OF ELIOR GROUP

“By bringing Derichebourg Multiservices to Elior Group, Derichebourg is increasing its stake in Elior Group and confirming its ambition to be a long-term reference shareholder. During its review of strategic options, Elior Group fully recognized the potential of Derichebourg Multiservices’ industrial project, as well as the quality of our teams and our assets. We wish to create a new global leader in contract catering and multiservices and I will apply all my experience as an entrepreneur to this new challenge.

I am convinced of the Group’s potential turnaround and the value creation resulting from this combination. I am very excited to lead Elior Group and to share my values and strategic vision with all employees in order to take the Group to a new phase of long-term growth and value creation.”

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Presentation

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FAQ

What was announced?
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Who is Derichebourg? Derichebourg Multiservices?
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Why this transaction?
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What are the impacts of this transaction on contract catering?
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What are the next steps? When will the transaction be finalized?
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Will Daniel Derichebourg be nominated as Chairman and CEO of Elior Group?
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Press releases

12.20.2022 Acquisition of Derichebourg Multiservices: Elior Accelerates Its Turnaround
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Agenda

April-May 2023

Extraordinary General Meeting of Elior Group’s shareholders

Any question?