Albioma

U N I V E RSA L

R EG I ST R AT I O N

D O CU M E N T

ANNUAL FINANCIAL REPORT

2 02 0

Biomass shed - Albioma Galion 2, Martinique

le groupe Albioma

1.1. History................................................................................................................................

6

1.2. Key figures.......................................................................................................................

7

1.3. Businesses and main markets.............................................................................

8

1.4. Strategic priorities and investment policy..................................................

21

1.5. Organisation ................................................................................................................

24

1.6. Risk management and internal control.......................................................

29

11.7. Non-financial performance declaration......................................................

45

Corpora te governance

2.1. General remarks........................................................................................................

84

2.2. Organisation of General Management ...................................................

84

and status of the Chief Executive Officer

2.3. Membership of the Board of Directors and conditions...................................

87

for the preparation and organisation of its work

2.4. Remuneration of corporate officers.............................................................

125

2.5. Summary of trading in 2020 in the Company's shares

140

by the corporate officers, their family and friends.............................

2.6. AFEP/MEDEF Code recommendations

140

not applied by the Company...........................................................................

22.7. Related-party agreements and commitments,

140

3

information on related parties.......................................................................

Acti vities and results

for the year ended 31 December 2020

3.1. Key figures ..................................................................................................................

144

3.2. Highlights of the year..........................................................................................

145

3.3. Comments on the consolidated financial statements .....................

149

3.4. Significant changes in the financial or commercial position ........

152

3.5. Key events since 1 January 2021 and outlook..........................................

153

3.6. Company financial statements .......................................................................

153

Consolidated financial statements

for the 2020 financial year

4.1. Consolidated income statement....................................................................

158

4.2. Statement of comprehensive income........................................................

159

4.3. Consolidated statement of financial position.......................................

160

4.4. Statement of changes in shareholders' equity.....................................

162

4.5. Statement of consolidated cash flows......................................................

163

4.6. Notes to the consolidated financial statements .................................

164

Statutory Auditors' Report

210

44.7. on the consolidated financial statements ..............................................

6.6. Albioma shares........................................................................................................277
6.7. Financial communication,
shareholder and investor relations.............................................................280
6Legal inf ormati on, capital and share ownership
6.1. Company information..........................................................................................248
6.2. Share capital .............................................................................................................257
6.3. Shareholders............................................................................................................262
6.4. Share subscription and purchase option plans
and bonus performance share plans.........................................................269
6.5. Factors likely to have an impact
in the event of a public offering ....................................................................275

COMPANY FINANCIAL STATEMENTS

FOR THE 2020 FINANCIAL YEAR

5.1. Income statement..................................................................................................

216

5.2. Statement of financial position.....................................................................

218

5.3. Notes to the company financial statements..........................................

220

5.4. Statutory Auditors' Report on

5the annual financial statements...........................................................................

242

Ordinar y and Extraordinary

General Meeting of 25 May 2021

7

7.1. Agenda..........................................................................................................................

282

7.2. Draft resolutions and report of the Board...........................................................

283

of Directors for the General Meeting

7.3. Reports by the Statutory Auditors

on the resolutions.................................................................................................

310

Appendices

8.1. Persons responsible for auditing the financial statements...........

316

8.2. Financial information included for reference purposes ..................

317

8.3. Person responsible for the Universal Registration.....................................

317

Documentand for the Annual Financial Report

8.4. Declaration by the person responsible for the Universal .......

317

Registration Document and for the Annual Financial Report

8.5. Person responsible for the financial information ...............................

317

88.6. Cross-reference tables........................................................................................

318

The French language version of this Universal Registration Document was filed on 30 April 2021 with the French Financial Markets Authority (Autorité des Marchés Financiers) in its capacity as competent authority within the meaning of EU Regulation 2017/1129, without prior approval, in accordance with Article 9 of said Regulation. The Universal Registration Document may also be used for the offer to the public or the admission to trading of securities on a regulated market, provided it is accompanied by securities note and, if applicable, a summary of all amendments applied to the Universal Registration Document. All of these items are approved by the French Financial Markets Authority in accordance with the abovementioned Regulation.

ALBIOMA . document d'enregistrement universel 2019 . 3

The Albioma G r o u p

1.1. History

6

1.2. Key figures

7

1.2.1. Availability

of thermal biomass plants

7

1.2.4. Consolidated

diluted basic earnings per share

7

1.2.2. EBITDA

7

1.2.5. Dividend per share

7

1.2.3. Net income, Group share

7

1.2.6. Consolidated net debt

7

1.3. Businesses and main markets

8

1.3.1. Business model

8

1.3.2. Research

and development, patents and licences

11

1.3.3. Regulatory

and contractual framework

11

1.3.4. Principal markets

16

1.4. Strategic priorities and investment policy

21

1.4.1. Three

strategic priorities, one goal: renewable energy

sources to exceed 90% of the Group's total production

21

and coal use to end in Overseas France by 2025

1.4.2. €940 million allocated to capital expenditure over

the period 2013-2020, with an additional €600 to

22

€800 million to be allocated between 2021 and 2025

1.5. Organisation

24

1.5.1. Simplified

legal organisation chart

24

(as at the Universal Registration Document filing date)

1.5.2. Additional

information on the Group's legal structure

25

1.5.3. Functional

organisation and Executive Committee

27

1.6. Risk management and internal control

29

1.6.1. Risk factors

29

1.6.2. Internal

control and risk management procedures

38

1.6.3. Insurance

policy

44

1.7. Non-financial performance declaration

45

1.7.1. A positive contribution firmly rooted

47

in the business model

1.7.2. A human resources policy that addresses

49

the Group's strategic issues

1.7.3. Albioma

is committed to the energy transition…

57

1.7.4. Ethics

and compliance for a responsible economy

70

1.7.5. Non -financial rating

73

1.7.7. Report

by one of the statutory auditors, appointed

as independent third parties, on the consolidated

non-financial information presented in the

79

Group's Management Report

ALBIOMA . 2020 Universal Registration Document . 5

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Albioma SA published this content on 19 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 July 2021 08:54:03 UTC.