MM, EFES EN. Marc Mathieu

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1 MM, EFES EN Marc Mathieu

2 La Tribune

3 Hewitt

4 % EUROPEAN GROUPS HAVING EMPLOYEE SHARE PLANS Graph first year plans UK IE FR NL, FI DA SV, BE, CH EUROPE NO 70 DE, IT AT 11 NEW ES GR, PL PT

5 % 100 EUROPEAN GROUPS HAVING EMPLOYEE SHARE PLANS Graph Europe 2013?

6 % EUROPEAN GROUPS HAVING EMPLOYEE SHARE PLANS Graph premiers et derniers UK IE FR ES GR, PL PT

7 Survey 2008

8 Survey 2007

9 CAPITAL HELD BY EMPLOYEE OWNERS IN EUROPEAN GROUPS Billion Euro 300 Evolution 2006/2007/ % 2, % 2.63% 2,70 2, , , % 2, ,20

10 Democratisation process DEMOCRATISATION PROCESS Number of companies Companies having share plans Companies having broad based plans Number of countries Number of employee owners % employee owners / all employees Capitalisation held by employees

11 Number of years 14 HOW LONG EMPLOYEE SHARE PLANS HAVE BEEN IN EXISTENCE How long plans in existence IE SL UK FR NL BE EU MT HU DE CH NM SV CY FI PT NO DA CZ AT LV IT ES LU GR PL RO BG EE LT SK

12 HOW LONG EMPLOYEE SHARE PLANS HAVE BEEN IN EXISTENCE Europe 0

13 HOW LONG EMPLOYEE SHARE PLANS HAVE BEEN IN EXISTENCE Europe 1

14 HOW LONG EMPLOYEE SHARE PLANS HAVE BEEN IN EXISTENCE Europe 2

15 HOW LONG EMPLOYEE SHARE PLANS HAVE BEEN IN EXISTENCE Europe 3

16 HOW LONG EMPLOYEE SHARE PLANS HAVE BEEN IN EXISTENCE Europe 4

17 HOW LONG EMPLOYEE SHARE PLANS HAVE BEEN IN EXISTENCE Europe 5

18 Diffusion plans top-down TOP EXECUTIVES (stock options) (1-2 years later) HIGH MANAGEMENT (1% employees) (1-2 years later) MIDDLE AND LOW MANAGEMENT (10% employees) (2-3 years later) ALL EMPLOYEE BROAD BASED SHARE PLANS (100% employees)

19 % ,1% EUROPEAN GROUPS HAVING EMPLOYEE OWNERSHIP Graph % having EO DA CH SL FR NL ES EU NO HU SV UK FI IE 80 BE DE PT CZ IT LT GR MT AT NM CY LV PL EE SK LU RO BG 0 RO BG LV PL EE SK LU LT GR MT AT NM CY BE DE PT CZ IT ES EU NO HU DA CH SL FR NL SV UK FI IE

20 % 100 EUROPEAN GROUPS HAVING BROAD BASED SHARE PLANS Graph % broad based 90 FR 80 CZ UK ,9% IT BE LV DE NL ES FI AT MT SK CH SV NM NO CY EU SL IE DA HU PT BG GR PL EE LT LU RO EE LT LU RO PL BG GR PT IT BE LV DE NL ES FI AT MT SK CH SV NM NO CY EU SL IE DA HU CZ UK FR

21 DATABASE Database OF EMPLOYEE OWNERSHIP Each of all largest European groups 32.4 million employees (25-30% of all European employees)

22 Annual reports ANNUAL REPORTS

23 Numbers Numbers E Owners EMPLOYEE OWNERS IN EUROPEAN GROUPS FR Europe: 9.1 million employee owners UK DE ES SV NL CH 0 RO EE LT LV LU BG MT SK SL CY CZ HU PT PL NM GR IE DA NO AT BE FI IT ES SV NL CH DE UK FR

24 % HOW LONG EMPLOYEE SHARE PLANS HAVE BEEN IN EXISTENCE % EMPLOYEE OWNERS AMONGST ALL EMPLOYEES Democratisation process Years

25 % 6,00 % CAPITAL HELD BY EMPLOYEES IN EUROPEAN GROUPS % Capital held by employees CY SL 5,00 FR 4,00 3,00 2,63% GR UK EU IT PL IE CH AT ES BE 2,00 NM NO DE SV HU NL FI 1,00 SK LU DA PT 0,00 RO LV MT BG LT EE CZ RO LV MT BG LT EE CZ SK LU DA PT NM NO DE SV HU NL FI ES BE GR UK EU IT PL IE CH AT FR CY SL

26 % % CAPITAL HELD BY EMPLOYEES IN EUROPEAN GROUPS % Cap held EXEC et NonEXEC 6,00 5,00 TOP EXECUTIVES NON-EXECUTIVES CY SL FR 4,00 3,00 2,00 NM NO DE SV HU NL FI ES BE GR UK EU IT PL IE CH AT 1,00 SK LU DA PT 0,00 CZ BG LT EE RO LV MT RO LV MT BG LT EE CZ SK LU DA PT NM NO DE SV HU NL FI ES BE GR UK EU IT PL IE CH AT FR CY SL

27 % 6,00 5,00 % CAPITAL HELD BY EMPLOYEES IN EUROPEAN GROUPS % Cap held EXEC et NonEXEC TOP EXECUTIVES NON-EXECUTIVES FR 4,00 3,00 GR IT 2,00 1,00 0,00 RO LV MT BG LT EE CZ SK LU DA PT NM NO DE SV HU NL FI ES BE GR UK EU IT PL IE CH AT FR CY SL

28 % 100 % EXEC et NonEXEC % HELD BY TOP EXECUTIVES AND OTHERS TOP EXECUTIVES NON-EXECUTIVES 0 EE LT RO LU BG GR IT NO PL CZ ES PT IE UK SV DE EU HU NL AT CH BE DA FR NM CY FI MT SL LV SK

29 Ratio 180% DEMOCRATISATION RATIO OF EMPLOYEE OWNERSHIP Democratisation ratio 160% FR 140% 120% 100% IE FI CH SV EU UK 80% NL NO BE DA DE AT 60% 40% NM IT ES GR PT 20% 0% PT NM IT ES GR NL NO BE DA DE AT IE FI CH SV EU UK FR

30 % 50 % EOwners amongst all employees % EMPLOYEE OWNERS AMONGST ALL EMPLOYEES 45 FR UK ,2% IE FI CH SV EU CY 20 NL NO BE DA DE AT PT LV SK NM PL HU CZ IT SL MT ES GR 5 0 BG EE LT RO LU BG EE LT RO LU PT LV SK NM PL HU CZ IT SL MT ES GR NL NO BE DA DE AT IE FI CH SV EU CY UK FR

31 60 % EMPLOYEE OWNERS AMONGST ALL EMPLOYEES HOW LONG EMPLOYEE SHARE PLANS HAVE BEEN IN EXISTENCE % Years % EOwners/EMPL et how long Years % 2 0 LT RO SK EE LU CZ HU IT PT ES GR NM NL BE DE DA PL IE SL MT NO FI CH SV LV AT EU UK FR CY BG 0

32 % CAPITAL HELD BY EMPLOYEES IN EUROPEAN GROUPS % 100 % Cap held in groups (continuum) >50% % % 0-1% 1-6% 276 groups 896 groups 686 groups 6-20%

33 Catégories % EO Classification

34 % % EUROPEAN GROUPS HAVING "SIGNIFICANT" EMPLOYEE OWNERSHIP 90 % Significant CY 80 FR CZ 70 IE UK HU 60 53,9% IT EU SL FI DE PT BE DA SK SV AT CH ES NM NL NO 30 LU PL EE GR LT 0 BG LV MT RO BG LV MT RO LT LU PL EE GR DE PT BE DA SK SV AT CH ES NM NL NO IT EU SL FI HU IE UK FR CZ CY

35 EUROPEAN GROUPS HAVING STOCK OPTION PLANS % 100 Stock options UK IE SV BE FI NL DA 70 64,6% DE NO CH FR EU CY LU IT 40 PL PT AT GR MT 30 ES HU SL CZ RO EE NM 0 BG LT LV SK BG LT LV SK SL CZ RO EE NM ES HU PL PT AT GR MT LU IT DE NO CH FR EU CY DA SV BE FI NL UK IE

36 AVERAGE CAPITALISATION HELD BY EACH EMPLOYEE OWNER (EXCLUDING TOP EXECUTIVES) Cap held by EOwner individually CH ES BE AT Euro NO NL EU FR GR IE PT FI IT SV UK DA DE SV UK DA DE GR NO NL EU FR IE PT FI IT BE AT ES CH

37 AVERAGE CAPITALISATION HELD BY EACH EMPLOYEE OWNER (EXCLUDING TOP EXECUTIVES) Cap held by EOwner individually CH ES Euro Euro NO NL EU FR GR IE PT FI IT BE AT SV UK DA DE SV UK DA DE GR NO NL EU FR IE PT FI IT BE AT ES CH

38 EXEC and Non-Exec 3 TOP EXECUTIVES & OTHER EMPLOYEES Euro 95 billion 1.04% Euro 145 billion 1.59% Euro 240 billion 2.63%

39 % 60 EUROPEAN GROUPS HAVING LAUNCHED NEW PLANS IN 2007/8 New plans in 2007/8 50 SV FI FR UK NL DA BE 40 36,6% EU NO IE 30 CH DE 20 EE PT CY IT AT MT PL GR 10 LU CZ NM HU SL ES BG LT 0 LV RO SK LV RO SK LU CZ NM HU SL ES BG LT EE PT CY IT AT MT PL GR CH DE EU NO IE SV FI FR UK NL DA BE

40 Survey + aussi country files COUNTRY FILES

41 Thanks Thank you for your attention For more information Marc Mathieu Phone/fax: Avenue Voltaire 135, B Brussels

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