Carrefour - 2017 Registration Document

1 PRESENTATION OF THE CARREFOUR GROUP The Carrefour group in 2017 CARREFOUR | 2017 REGISTRATION DOCUMENT 21 The Carrefour group in 2017 1.4 Highlights of 2017 1.4.1 In April, Carrefour Banque launched C-Zam, the first self-service ● current account that anyone can open and activate online, and which is not subject to income conditions. The new banking product has already won over more than 100,000 customers. In June, Carrefour signed a partnership agreement with ● Lafayette Plug and Play, an accelerator dedicated to retail and fashion, with the aim of uniting their expertise and strengthening open innovation in retail. The Board of Directors of Carrefour announced the ● appointment of Alexandre Bompard as the Group’s Chairman and Chief Executive Officer, effective July 18, 2017. On September 22, Alexandre Bompard announced the creation of a Group Executive Committee. Following the merger of Cardety and Carmila on June 12, 2017, ● the new entity, named Carmila, successfully carried out a 628 million-euro capital increase in July 2017 in order to enhance its financial flexibility and fund its ambitious 2017-2020 development plan. The transaction resulted in the creation of the third-largest listed retail property company in continental Europe, with a portfolio of 206 shopping centres at December 31, 2017, for a total value of 5.8 billion euros. At end-December 2017, the Carrefour group held 35.7% of the capital and voting rights of Carmila. On July 19, 2017, the Group announced the initial public offering ● of Atacadão SA (Grupo Carrefour Brasil), the parent company of the Carrefour group’s operations in Brazil, for a fixed price of 15 Brazilian reals per share. The breakdown of Atacadão SA’s capital after the IPO is as follows: 71.80% held by the Carrefour group, 11.47% held by Península and a free float of 16.74%. With an online offering in all of its integrated countries, ● Carrefour strengthened its website operations during the year. To supplement the non-food e-commerce site launched in Brazil in 2016, in the second half of 2017, the Group launched a food e-commerce site in São Paulo, which was gradually extended to the rest of the country. On December 5, 2017, Carrefour and Fnac Darty announced the ● signature of a cooperative purchasing agreement for domestic appliances and consumer electronics in France, effective from 2018. Highlights of Q1 2018 1.4.2 On January 23, the Carrefour group announced its “Carrefour ● 2022” transformation plan and its ambition to become the world leader of the food transition for all. The plan is based on four key objectives: deploy a simplified and open organisation, increase productivity and competitiveness, create the leading omni-channel universe and overhaul the offer to promote food quality. Also on January 23, 2018, the Group announced the signature of ● a preliminary agreement for a strategic business cooperation with global technology leader Tencent including a potential investment in Carrefour China by Tencent and Yonghui, a retailer specialised in fresh food and small formats in China. This announcement opens up significant opportunities for Carrefour in China, particularly in food e-commerce. As part of its “Carrefour 2022” transformation plan, the Group ● announced on January 23, 2018: A strategic partnership with Publicis.Sapient to accelerate the Group’s digital transformation and assist it in its e-commerce challenges and in the deployment of a leading omni-channel universe for its customers; A partnership with La Poste in France to speed up development of food and non-food home delivery services. On February 7, 2018, Carrefour announced that it had finalised ● the acquisition announced on January 11 of a strategic stake (around 17%) in Showroomprivé, Europe’s second-largest online private sales operator. On March 6, 2018, Carrefour announced the launch of Europe’s ● first food blockchain, an innovative system designed to guarantee consumers complete product traceability. For the first time in France, Carrefour is using this technology with its Carrefour Quality Line Auvergne poultry offering, and will extend it to eight other product lines by the end of this year. On March 15, 2018, Carrefour announced that it had acquired a ● majority stake in the start-up Quitoque, a leading meal-kit deliverer and a French pionneer in the Foodtech industry. On April 10, 2018, Carrefour inaugurated a new logistics ● platform in the northeast Paris suburb of Aulnay-sous-Bois. Developed by SEGRO and entrusted to STEF, a European specialist in cold logistics, this new cutting-edge industrial facility is intended to supply the retailer’s Drive and pedestrian Drive in Paris and the greater Paris region, to expand on the services already established in the Lyon region.