Vilmorin & Cie : Annual Report 2019-2020

ANNUAL REPORT

2019-2020

CONTENTS

This document is accessible and can be downloaded at www.vilmorincie.com

PROFILE	3
MESSAGE FROM THE
BOARD OF DIRECTORS	4
PRESENTATION
1 OF VILMORIN & CIE
1.1. Key figures	8
1.2. History	16
1.3. Challenges facing the seed segment	19
1.4. The seed market	25
1.5. Activities	31
1.6. Business model	44
1.7. Development model	47
1.8. Strategy and objectives	51
RISK
2 FACTORS
2.1. Risk management organization	68
2.2. The main risk factors	71
2.3. Shared means of control
for all operational risks	84
REPORT
3 ON CORPORATE
GOVERNANCE
3.1. Corporate Governance
Code of Reference	86
3.2. The Board of Directors	87
3.3. Specialized Committees	100
3.4. Management bodies	102
3.5. Agreements with corporate officers
and interests of Management bodies	104
3.6. Participation of the Shareholders
in General Meetings	109
3.7. Information liable to have an impact
in the case of a takeover bid	109
4 REPORTMANAGEMENT
Report of the Board of Directors
to the Joint Annual General Meeting (Ordinary
and Extraordinary) of December 11, 2020	112

5 CORPORATE SOCIAL RESPONSIBILITY AND NON- FINANCIAL PERFORMANCE

5.1. A Corporate Social Responsibility (CSR)

program anchored in Vilmorin & Cie's DNA 128

5.2. Contributing to the lasting progress
of agriculture through seeds	133
5.3. Acting responsibly	140
5.4. Encouraging cooperation	166
5.5. Vilmorin& Cie's non-financial
performance in figures	173
5.6. Methodology note	177
5.7. Non-Financial Performance
Statement (NFPS) concordance tables	179

FINANCIAL
6 INFORMATION
6.1. Consolidated financial statements	182
6.2. Statutory Auditors' report on
the consolidated financial statements	259
6.3. Corporate financial statements	262
6.4. Statutory Auditors' report on
the annual corporate financial statements	264

VILMORIN & CIE
7 AND ITS SHAREHOLDERS
7.1. Information on the Company	270
7.2. Capital stock and Shareholders	273
7.3. Vilmorin & Cie's shares	277
7.4. Relations with Shareholders	282
JOINT ANNUAL
8 GENERAL MEETING
OF DECEMBER 11, 2020
8.1. Agenda	286
8.2. Draft resolutions of an ordinary nature	288
8.3. Draft resolutions of an extraordinary nature	292
8.4. Draft resolution of an ordinary nature	298
FURTHER
9 INFORMATION
9.1. Statutory Auditors	300
9.2. Historical financial information
incorporated by reference	301
9.3. Technical glossary	302
9.4. Financial and stock market glossary	303

The words followed by a "*" are defined in the glossary.

ANNUAL REPORT

2019-2020

Vilmorin & Cie - Annual report 2019-2020

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