PRESS RELEASE

SODEXO ANNOUNCES SOLID
FIRST HALF FISCAL 2009 RESULTS

• Organic revenue growth: +3.7%
• Revenue up +7.8% (after consolidation of acquisitions)
• Operating profit increase of +7.1% (+5.6%, excluding currency impact)
• Net income remains stable after acquisition financing

Paris, April 23, 2009 - Sodexo (NYSE Euronext Paris FR 0000121220- OTC: SDXAY): At the
Board of Directors meeting on April 21, 2009, chaired by Pierre Bellon, Michel Landel, Sodexo
Chief Executive Officer, presented the Group’s performance for the first half of Fiscal 2009.



Financial performance for the first half Fiscal 2009

% change
Period closed February 28
Currency Total%
excluding
millions of euro st st
1 half 1 half impact change
currency
Fiscal 2009 Fiscal 2008 impact (1)
Income statement highlights
7,633
Revenue 7,080 +7.1% +0.7% +7.8%

3.7%
Organic growth +9.2% - - -

421
Operating profit 393 +5.6% +1.5% +7.1%

5.5%
Operating margin 5.5% - - -

219
Group net income 219 -0.9% +0.9% 0%

Financial structure highlights
184
Net cash provided by operating activities 378

28/02/09 31/08/08

50%
Gearing 21%



(1) The currency impact is determined by applying the average exchange rate for the first half of the previous year to the figures for the
first half of the current year. For the first half of Fiscal 2009, the average conversion rate between the US dollar and the euro was 1.33
versus 1.46 for the first half of Fiscal 2008.




www.sodexo.com I 1/19
Commenting on these results, Sodexo CEO Michel Landel, said:
“Sodexo showed good resistance to the severe global economic crisis during the first half which closed February 28,
2009. We had anticipated that this crisis would affect our clients in 2009, but probably also in 2010. In the current
economic context, we need to remain prudent. At this point in the fiscal year, we are confirming the objectives we set at
the beginning of the year. Sodexo generates nearly two thirds of its revenue in high potential growth segments that are
less exposed to the economic downturn: Health Care and Seniors, Education and Defense, segments in which we are a
global leader. In addition, outsourcing of services can be a means for clients to reduce costs which can present new
business opportunities for Sodexo. Our solid financial structure enables us to continue to invest in training for our teams,
innovation, quality and developing our medium and long-term business, including through selected acquisitions that
reinforce our strategic position.”




1. Good organic revenue growth: 3.7%
Sodexo’s organic growth reached 3.7% during the first half, an increase in line with the objectives set by the Group for
the current year.
Excluding the impact of the Rugby World Cup hospitality contract in the first half of Fiscal 2008, first half growth for Fiscal
2009 was 5.8%.

Food and Facilities Management services achieved organic growth of 3.1% (5.4% excluding the Rugby World Cup
contract), reflecting:
• good resistance in Education and Health Care and Seniors;
• a slowdown, as expected, in Corporate Services.

Service Vouchers and Cards again recorded excellent organic growth with an increase of 17.8%.




2. Growth in operating profit
Operating profit increased by 5.6% at constant exchange rates and 7.1% at current exchange rates.

Strong growth in volumes in Service Vouchers and Cards and improved profitability in North America helped offset the
negative impact of the economic environment in the Corporate Services and Leisure segments in Europe. In addition, the
first half of Fiscal 2008 had benefited from the Rugby World Cup hospitality contract in the United Kingdom.

The consolidated operating margin was 5.5%, stable compared to the first half of Fiscal 2008.

Finally, the overhead costs savings plan of an additional 50 million euro decided by the Executive Committee for the
current fiscal year is on track.




3. Recent acquisitions

Since September 1, 2008, Sodexo has made three major acquisitions that reinforce its positions in line with its strategy:
• Score Group, number four in Foodservices in France;
• Facilities Management group Zehnacker, specializing in the Health Care segment in Germany.
• On April 1, 2009, following the close of the reporting period, Sodexo also acquired Radhakrishna Hospitality
Services Group (RKHS), the Food and Facilities Management services market leader in India.



www.sodexo.com I 2/19
4. Group net income remains stable after acquisition financing

Group net income was 219 million euro, the same level as for the first half of Fiscal 2008.

While operating profit increased by 28 million euro, net financing costs increased 23 million euro, as anticipated. This
evolution in financial expense reflects the costs of financing acquisitions made by the Group during the last twelve
months, including Grupo VR in Brazil, finalized on March 3, 2008, and transactions that closed during the first half of
Fiscal 2009.




5. Net cash provided by operating activities

Net cash provided by operating activities amounted to 184 million euro, a decrease of 194 million euro. This decrease
compared to the first half of Fiscal 2008 is a result of an unfavorable variation in working capital of nearly 200 million
euro. Two non-recurring items led to cash generation of about the same amount in the first half of Fiscal 2008. These
factors were:
• the start-up of the ONEM vouchers for services contract in Belgium;
• the acquisition of the Tir Groupé gift vouchers activity in France.

Note that net cash provided by operating activities is traditionally weaker during the first half of the fiscal year. Excluding
these non-recurring items affecting the first half of Fiscal 2008, Sodexo’s business model did not significantly evolve in
the current environment.

Net cash flow used in investing activities consisted of:
• net operating investments and client investments of 101 million euro, or 1.3% of revenue;
• acquisitions (net of divestitures and subsidiaries’ cash) for a total of 348 million euro. This is essentially the
acquisition of 100% of the Score Group in France and 90% of the Zehnacker Group in Germany.




6. Net debt

Taking into account acquisitions made over the last twelve months, net debt as of February 28, 2009 was 1,170 million
euro, or a ratio of net debt to equity of 50%.




www.sodexo.com I 3/19
7. Fiscal 2009 Objectives

In the current economic context, caution is required. At this point in the fiscal year, the Group is confirming the objectives
set in November 2008:
• Organic revenue growth between 2% and 5%;
• Consolidated revenue growth, at constant currency exchange rates, between 4% and 7%;
• Operating profit of between 730 and 760 million euro, at constant currency exchange rates.




About Sodexo
Sodexo, founded in 1966 by Pierre Bellon, is a world leader in Food and Facilities Management services, with more than
355,000 employees on 30,600 sites in 80 countries. For Fiscal 2008, which closed August 31, 2008, Sodexo had
revenues of 13.6 billion euro. Listed on Euronext Paris, the Group has a current market capitalization of 5,5 billion euro.



Conference Call
Sodexo will hold a conference call (in English) today at 8:30 a.m. (Paris time), to comment on the first half results for
Fiscal 2009. Persons wishing to participate are invited to dial + 33 1 72 00 09 91. The press release and the presentation
will be available on the Group website: www.sodexo.com under the "Latest News" section beginning at 7:00 a.m.
A recording of the conference will be available by dialing + 33 1 72 00 14 69, followed by the code 248 686#.

First half financial report
The financial report for the first half Fiscal 2009 is available on Sodexo’s website, www.sodexo.com, under "Regulated
information” in the Finance section. It includes summaries of consolidated accounts for the first half of Fiscal 2009, the
first half activity report, the statement of responsibility for the first half financial report as well as the auditors’ report on
the limited review of the above accounts.

Next Event:
Third quarter Fiscal 2009 revenue: July 1, 2009



This press release contains statements that may be considered as forward-looking statements and as such may not
relate strictly to historical or current facts. These statements represent management's views as of the date they are
made and we assume no obligation to update them. You are cautioned not to place undue reliance on our forward
looking statements.




Press contact Investor Relations
Jean-Charles TREHAN Pierre BENAICH
Tel. & Fax: +33 1 57 75 80 24 Tel. & Fax: +33 1 57 75 80 56
E-mail: jean-charles.trehan@sodexo.com E-mail: pierre.benaich@sodexo.com




www.sodexo.com I 4/19
ANALYSIS OF ACTIVITIES AND OPERATIONAL
ENTITIES


Food and Facilities Management Services

Revenue grew 6.8%, at current exchange rates, to 7.3 billion euro, broken down as follows:
• +1% from the currency effect,
• +3.1% from organic growth, and
• +2.7% from net changes in scope.

This performance results mainly from:
• good growth in Health Care and Seniors: +7.3%, illustrating Sodexo’s position as market leader, particularly in North
America.
• a moderate decline in Corporate Services: -0.3%, reflecting:
• reduced demand in North America and Europe where companies have made significant reductions in
employment levels, implemented temporary lay-offs and shutdowns and eliminated discretionary expenditures;
• an important contribution from the Rest of the World with double-digit growth in Latin America, Asia and
Australia.
• good performance in Education, +5.8% with a continued satisfactory growth rate in North America.

Operating profit for the Food and Facilities Management services activity reached 336 million euro.




Analysis by geographical area

North America

Revenue in North America reached 3.1 billion euro, reflecting organic growth of 3.9%. The favorable average exchange
rate between the U.S. dollar and the euro added 8.4% to the total growth.

With a decline of -4.7%, Corporate Services is, as expected, the Group’s most vulnerable segment to the economic
downturn, given the reduction in discretionary spending (corporate hospitality) and the reductions in employment levels
(or staff hours) by certain clients. New Facilities Management services business, such as the contract with Procter &
Gamble, partly offset the decline in the number of consumers in Foodservices.
Recent new contract wins include the Chicago Botanical Gardens (Illinois) and the Indianapolis Museum of Art (Indiana).

Organic revenue growth of 6.9% in Health Care and Seniors results mainly from increased existing site sales reflecting
the relevance of Sodexo’s global solutions offer well-adapted to the needs of clients and patients. Organic growth also
comes from the increased contribution of contracts started the previous year such as Mount Sinai Medical Center,
Asbury Methodist Village and St. Vincent's Catholic Medical Center.
Recently won contracts confirm Sodexo's leadership in a segment with high potential and a low current level of
outsourcing, including Memorial Hospital Central (Colorado), Hurley Medical Center (Michigan) and the University of
Mississippi Medical Center (Mississippi).




www.sodexo.com I 5/19
Finally, organic revenue growth of +6.1% in Education was 2% higher than the first half of Fiscal 2008. This excellent
performance results from:
• increased university enrollment and student participation in school Foodservices programs;
• the excellent client retention level achieved over the past several years, accompanied by good commercial
development at the end of last year.

Several major contracts were won during the semester including Armstrong Atlantic University (Georgia) and San Juan
College (New Mexico).

Sodexo teams in North America were recognized through numerous awards:
Sodexo was named among the Top 20 Best Companies to Work For Recent Graduates by Experience, Inc.,
recognizing the company’s recruitment, hiring and retention practices.
Sodexo was listed among the Top 100 Best Employers in the U.S. by The Black Collegian Magazine, which
commended Sodexo for its recruitment actions on 38 campuses across the United States.

Operating profit was 187 million euro, up almost 6.2% at constant exchange rates and 15.4% at current rates. This
good rate of growth (faster than revenue growth) is mainly a result of:
• new labor cost productivity gains on sites in Education, Health Care and Seniors;
• stringent control of overheads;
• to a lesser extent, improved performance in Defense activities related mainly to increased patronage on military
bases and introduction of innovative offers.

As a result, operating margin rose from 5.9% to 6.0% in the first half of the fiscal year.




Continental Europe

In Continental Europe, revenue was 2.6 billion euro with organic growth of 1.8% reflecting varying situations across
countries and market segments.

The slight decline in revenue of -0.4% (constant scope and exchange rates) in Corporate Services results mainly from:
• a major slowdown in activity during the second quarter in many countries, including France and Germany but
particularly in Central Europe, Italy and the Nordic countries. It reflects the effect of current economic that had been
anticipated and that has resulted in tightened discretionary spending by clients as well as staff reductions and
prolonged temporary lay-offs and shutdowns;
• the lower level of tourism in Paris.

New contracts won recently by Sodexo include HTC in Finland, Microsoft Building EOS in France and Shuitema in the
Netherlands.

In Health Care and Seniors, organic revenue growth was 4.8%, driven particularly by good growth on existing sites in
France, Spain and Belgium. Recent commercial successes include ZNA-Antwerpen Hospital in Belgium and Azienda
Ospedaliera G. Salvini in Italy. It should be noted that the Group’s rate of development has been slowed somewhat by
longer decision-making processes.

Organic growth in Education (+5%) was supported by increased sales on sites in France and Spain and from contracts
won last year, such as the City of Rome in Italy.




www.sodexo.com I 6/19
Sodexo received a number of awards for the work done by its teams, in particular:
In Spain, the Department of Labor in Catalonia recognized Sodexo’s Facilities Management teams for their actions to
prevent occupational risks.
In Hungary, the Food Bank of Hungary recognized Sodexo for its partnership in responding to elderly citizens in need
during the Christmas holidays.

Operating profit was 111 million euro, a decline of 13 million euro compared to the first half of Fiscal 2008. The
operating margin was 4.3%. Three main elements explain this evolution:
• the exiting of certain contracts that had become unprofitable in Sweden (especially in the automotive industry) and
the reorganization of Sodexo’s activities in that country;
• a decline in revenue of more than 5% in Leisure in France, an activity with mainly fixed costs;
• a slower adaptation to the economic environment in France.

Finally, significant efforts have been dedicated during the first half to the integration of the groups Zehnacker in Germany
and Score in France. This process is progressing well and the implementation of synergies is consistent with the Group’s
expectations.




United Kingdom and Ireland

Revenue of 0.6 billion euro represents a decline of -10.4%. However, it is important to note that the first half of Fiscal
2008 benefited from the important contribution of the Rugby World Cup hospitality contract (148 million euro of revenue).
Excluding the Rugby World Cup, organic growth for the first half was +8.3%.

Corporate Services showed an apparent decline of 17.1%. However, if the impact of the Rugby World Cup contract is
excluded, the segment experienced solid growth through:
• the opening of global solutions contracts in Facilities Management services to companies;
• the increased effect of major contracts in Defense (Cyprus) and Correctional Services (opening of Addiewell in
Scotland).

It should also be noted that in late January 2009, Sodexo, in partnership with the QinetiQ Group, joined the consortium
Metrix (designated "preferred bidder") to finalize exclusive negotiations for the largest current Public Private Partnership
(PPP) being considered in the UK. This project, called "Defence Training Review" is designed to meet the training needs
of the Ministry of Defence and includes the design and project management by Sodexo over the next years for the
construction of a new training center located in St Athans, Wales. This process will be followed by a 30-year
management contract for all Food and Facilities Management services on the site. The contract could generate over five
billion euro in revenue for the Group over the life of the contract. Sodexo will invest more than 13 million euro this year
for this long-term project.

Health Care and Seniors continued its strong growth (+18.2%) compared to the first half of Fiscal 2008, benefiting from
the increased effect of certain PPP Facilities Management services contracts, such as Manchester Royal Infirmary.

Organic growth in Education was +3%, a result particularly of satisfactory growth on existing sites. New contracts were
signed during the period, such as Streatham and Clapham High School and Bradford School of Management.

In terms of distinctions received by Sodexo teams:
In Scotland, Sodexo received HA (Hospitality Assured) accreditation from the Institute of Hospitality for all of its sites
and services, recognizing Sodexo’s client commitment as well as its progress in terms of performance and
competitiveness.



www.sodexo.com I 7/19
Operating profit was 19 million euro and operating margin was 3% compared to 6.1% for the same period last year.

Three main factors explain this evolution:
• primarily, the non-recurrence of the previous year’s Rugby World Cup hospitality contract;
• start-up efforts for new large Facilities Management contracts in Health Care and Correctional Services;
• the sharp fall in demand for events (such as around the end-of-year holidays) and in Leisure.




Rest of the World

Revenue for the Rest of the World was 0.9 billion euro. Organic growth of +18% resulted mainly from double digit growth
in Latin America, the Middle East and Australia, particularly in the Remote Sites segment. Continued demand for energy
and other natural resources contributed greatly to this momentum.

First half growth was particularly significant, reflecting:
• the increased effect of certain mining contracts, such as Los Pelambres, Esperanza and Escondida in Chile, and Rio
Tinto Pilbara and Woodside in Australia;
• the implementation of indexation clauses linked to the significant increase in food costs during the previous year,
particularly in Latin America and the Middle East;
• continued good development, both in Foodservices and Facilities Management services, in all geographies.

New contracts won by Sodexo include CRP-Consorcio Rio Paraguaçu and AmBev in Brazil, Hospital Italiano in
Argentina, Escuela de Derecho Universidad Catolica in Chile, Barrick Gold in the Dominican Republic, Colgate Sanxiao
Yangzhou in China and Procter & Gamble in Guangzhou in China.

Sodexo also has received numerous awards:
In Yemen, Niger, Colombia, Peru and Russia, Sodexo received numerous awards from its clients ("Best Camp
Award," “Best Contractor HSE Compliant," etc.), recognizing the professionalism of Remote Site teams around the
world.
In China, Sodexo was ranked 12th out of 4,000 companies by China Sourcing Website’s selection of the “50 best
service providers in China in 2008.” Sodexo ranked first in its category, Food and Facilities Management services.

Operating profit more than doubled to 19 million euro and operating margin rose to 2% compared with 1.1% in the first
half of Fiscal 2008.

Three main factors explain this increase:
• the increased effect of large mining contracts begun over the last twelve months;
• continued productivity gains both on sites and in overheads;
• the implementation of contractual indexation clauses.




www.sodexo.com I 8/19
Service Vouchers and Cards

Revenue for the first half of Fiscal 2009 was 0.4 billion euro and organic revenue growth was 17.8%.

Service Vouchers and Cards achieved a large increase in issue volume (value multiplied by the number of vouchers
and cards issued), to exceed 6.3 billion euro. This volume increase reflects, particularly:
• the contribution from the exclusive vouchers for services contract that began in January 2008 with the Office for
Employment in Belgium (ONEM);
• integration of volumes from Grupo VR (for which the acquisition was finalized in March 2008).

Once again, strong organic revenue growth was driven by:
• demand for traditional services (Restaurant Pass and Food Pass), still very strong in Latin America;
• business development and an increase in the number of beneficiaries in several countries, including Brazil;
• a broadening of the "Incentive" vouchers offer in a number of countries.

However, reduced employment levels in large companies led to a slowdown in activity at the end of the reporting period.

Commercial successes include the Ministry of the Economy (Restaurant Pass) and la Caisse Nationale d'Assurance
Vieillesse (CESU) in France, l’Ensemble Hospitalier Iris in Belgium, G4S Security Services in the Czech Republic, Grupo
Sena Seguridad in Brazil and Sify Technologies Ltd. in India.

Among the distinctions earned by Sodexo teams:
In the Czech Republic, Sodexo was named "2008 Company of the Year" by the Franco-Czech Chamber of
Commerce, in recognition of the company’s STOP Hunger commitment and the originality of its social responsibility
actions.

Operating profit was 125 million euro, an increase of 59.8% excluding currency effects, and operating margin reached
34.6% (approximately 2% of issue volume).

This significant increase is a result of volume growth (including that related to the integration of Grupo VR in Brazil) as
well as the continued management of fixed costs (including costs of production, processing and marketing expense).




www.sodexo.com I 9/19
APPENDIX 1
INTERIM FINANCIAL STATEMENTS

Statement of income

First Half First Half
Variation
(in euro million)
Fiscal 2009 % CA Fiscal 2008 % CA
Revenue 7,633 100% 7.8% 7,080 100%
(6,447) -84.5% 7.6% (5,994) -84.7%
Cost of sales


Gross profit 1 186 15.5% 9.2% 1 086 15.3%
-110 -1.5% 20.9% -91 -1.3%
Sales department costs
-646 -8.4% 5.7% -611 -8.6%
General and administrative costs
2 16
Other operating income
-11 -7
Other operating expenses


Operating profit before financing costs 421 5.5% 7.1% 393 5.5%
41 42
Financial income
-108 -86
Financial expenses
3 4
Share of profit of associates


Profit before tax 357 4.7% 1.1% 353 5.0%
-124 1.6% -122
Income tax expense
Net result from discontinued operations


3.3%
Profit for the period 233 3.1% 0.9% 231
14 12
Minority interests


Group profit for the period 219 2.9% 0% 219 3.1%




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Consolidated balance sheet

ASSETS EQUITY AND LIABILITIES
February February
August August
(in euro million) (in euro million)
28,2009 28, 2009
31, 2008 31, 2008


Shareholders' equity
628
Capital 629
1,109
Share premium 1,122
571
Consolidated reserves 394
Total Group shareholders'
2,308 2,145
equity
Minority interests
Non-current assets 26 26
Total shareholders' equity
510 2,334 2,171
Property, plant and equipment 465
4,261
Goodwill 3,793
389 Non-current liabilities
Other intangible assets 288
192 2,227
Client investments 162 Borrowings 1,163
41 222
Associates 40 Employee benefits 192
99 111
Financial assets 100 Other liabilities 85
15 52
Other non-current assets 13 Provisions 53
65 106
Deferred tax assets 86 Deferred tax liabilities 45
Total non-current liabilities
Total non-current assets 5,572 4,947 2,718 1,538


Current assets Current liabilities

10 73
Financial assets 8 Bank overdraft 31

8 1,366
Derivative financial instruments 7 Borrowings 1,353
217 14
Inventories 202 Derivative financial instruments 2
63 61
Income tax 54 Income tax 61
3,219 50
Trade receivable 2,615 Provisions 36
Restricted cash and financial
451 2,794
483 Trade and other payable 2,631
assets related to the Service
Vouchers and Cards activity
2,051 2,181
Cash and cash equivalents 1,594 Vouchers payable 2,087

Total current assets Total current liabilities
6,019 4,963 6,539 6,210


Total equity
Total assets 11,591 9,910 11,591 9,910
and liabilities




www.sodexo.com I 11/19
Consolidated statement of cash flow
First Half First Half
Fiscal 2008
Fiscal 2009
(in euro million)
Operating activities
421 393
Operating profit before financing costs
Non cash items
• Depreciations 101 117
• Provisions (4) (7)
• Losses (gains) on disposals and other, net of tax 2 (8)
3 0
Dividends received from associates
(258) (61)
Change in working capital from operating activities
• change in inventories (7) (17)
• change in client and other accounts receivable (460) (511)
• change in suppliers and other liabilities (33) (67)
• change in Service Vouchers and Cards to be reimbursed 231 552
• change in financial assets related to the Service Vouchers and Cards
activity 11 (18)
(27) (21)
Interest paid
20 17
Interest received
(74) (52)
Income tax paid
184 378
Net cash provided by operating activities

Investing activities
• Tangible and intangible fixed assets investments (107) (117)
• Fixed assets disposals 12 25
• Change in Client investments (6) (6)
• Change in financial investments 4 (11)
• Acquisitions of consolidated subsidiaries (350) (187)
• Disposals of consolidated subsidiaries 2 4
(445) (292)
Net cash used in investing activities

Financing activities
• Dividends paid to parent company shareholders (197) (179)
(15) (10)
• Dividends paid to minority shareholders of consolidated companies
• Change in capital 53 (17)
• Proceeds from borrowings 1,235 256
• Repayment of borrowings (386) (24)

690 26
Net cash provided by (used in) financing activities

INCREASE IN NET CASH AND CASH EQUIVALENTS 429 112
• Net effect of exchange rates on cash (14) (33)
1,563 1,377
• Cash and cash equivalents, as of beginning of period
CASH AND CASH EQUIVALENTS, AS OF END OF PERIOD 1,978 1,456




www.sodexo.com I 12/19
Sector analysis: revenue


(in euro million) First Half Exchange
First Half Variation
External
Organic
rate
Fiscal
Fiscal at current
growth (1) Growth
Revenue variation(2)
2008
2009 rate

Food and Facilities Management

+8.4% +0.3%
2,759 +3.9% +12.6%
3,109
• North America

-1.1% +7.2%
2,416 +1.8% +7.9%
2,607
• Continental Europe

827 -12.7% -
636 -10.4% -23.1%
• UK and Ireland

-4.4% -
816 18.1% 13.7%
928
• Rest of the World

6,818 +1% +2.7%
Total 7,280 +3.1% +6.8%
Service Vouchers and Cards
267 -5.1% +22.7% +35.5%
361 +17.8%

-5
-8
Elimination

7,080 +0.7% +3.4%
Total 7,633 +3.7% +7.8%

1 Organic growth: revenue growth, at constant scope of consolidation and exchange rates.
2 The currency impact was globally positive (+0.7%) for the first semester: (+9.2%) for US dollar, (-15.2%) for the Pound and
(-9.3%) for BRL. It should be noted that, contrary to exporting companies, the revenues and expenses of Sodexo subsidiaries
are denominated in the same currency. Consequently, foreign exchange variations do not have an operational risk. The
average exchange rate for the USD/euro for the first semester was 1.3326.




www.sodexo.com I 13/19
Sector analysis: operating profit

First Half
First Half
Operating profit (in euro million)
Change
Fiscal 2009 Fiscal 2008
Before corporate expenses

Food and Facilities Management services

• North America +15.4%
162
187

• Continental Europe -10.5%
124
111

• UK and Ireland -62.0%
50
19

• Rest of the world +111.1%
9
19

Service Vouchers and Cards 82 +52.4%
125

Headquarters -29
-32

Elimination -5
-8

TOTAL 421 393 +7.1%




www.sodexo.com I 14/19
Revenue
Food and Facilities Management services by segment

Consolidated Group
First Half First Half Organic
Fiscal 2009 Fiscal 2008 growth
(in euro million)
Corporate Services 3,434 3,406 -0.3%
Health Care & Seniors 1,912 1,679 7.3%
Education 1,934 1,733 5.8%
TOTAL 7,280 6,818 3.1%

North America
First Half First Half Organic
Fiscal 2009 Fiscal 2008 growth
(in euro million)
Corporate Services 651 628 -4.7%
Health Care & Seniors 1,119 968 6.9%
Education 1,339 1,163 6.1%
TOTAL 3,109 2,759 3.9%
Continental Europe
First Half First Half Organic
Fiscal 2009 Fiscal 2008 growth
(in euro million)
Corporate Services 1,479 1,395 -0.4%
Health Care & Seniors 641 565 4.8%
Education 487 456 5.0%
TOTAL 2,607 2,416 1.8%
United Kingdom and Ireland
First Half First Half Organic
Fiscal 2009 Fiscal 2008 growth
(in euro million)
Corporate Services 454 635 -17.1%
Health Care & Seniors 113 113 18.2%
Education 69 79 3.0%
TOTAL 636 827 -10.4%
Rest of the World
First Half First Half Organic
Fiscal 2009 Fiscal 2008 growth
(in euro million)
Corporate Services 851 748 17.9%
Health Care & Seniors 39 33 24.7%
Education 38 35 15.5%
TOTAL 928 816 18.1%


www.sodexo.com I 15/19
APPENDIX 2
SELECTION OF NEW CLIENTS

Food & Facilities Management services

North America

• Corporate Services
Job Corps North Texas, McKinney, Texas (910 customers, Foodservices)
Chicago Botanical Gardens, Chicago, Illinois (660,000 visitors per year, Foodservices)
Invensys Systems, Inc, 3 sites (5 buildings, Facilities Management services)
Inter-American University of Puerto Rico, San German, Porto Rico (6,300 customers,
Foodservices)
Indianapolis Museum of Art, Indianapolis, Indiana (450,000 visitors per year, Foodservices)


• Health Care and Seniors
Memorial Hospital Central, Colorado Springs, Colorado (616 beds, Foodservices)


• Education
Armstrong Atlantic University, Savannah, Georgia (6,653 students, Foodservices)
San Juan College, Farmington, New Mexico (9,270 students, Foodservices)
Hartman Arena, Park City, Kansas (Foodservices)
Delhi Unified School District, Delhi, California (2,500 students, Foodservices)


France

• Corporate Services
Capsugel, Colmar, France (300 customers, Food and Facilities Management services)
Immeuble Les Portes De France, Saint-Denis, France (3,600 customers, Foodservices)
Microsoft Immeuble EOS, Issy-les-Moulineaux, France (1,500 customers, Foodservices)


• Correctional Services
Maison d'arrêt de Nice, Nice, France (342 prisoners, Facilities Management services)


Continental Europe

• Corporate Services
Robert Bosch, Jihlava, Czech Republic (4,000 customers, Foodservices)
A/S Dansk Shell, Naerum, Denmark (520 customers, Food and Facilities Management services)
HTC, Helsinki, Finland (1,500 customers, Foodservices)
Merck Sharp & Dohme GmbH, Haar, Germany (420 customers, Food and Facilities Management
services)
Schuitema, 6 sites, Netherlands (1,830 customers, Foodservices)


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• Health Care and Seniors
ZNA - Antwerpen Hospital, Antwerpen, Borgerhout and Zoersel, Belgium (Foodservices)



United Kingdom and Ireland

• Corporate Services
Baker Hughes, Aberdeen, Scotland (200 customers, Facilities Management services)
Brother International, Manchester, United Kingdom (156 customers, Facilities Management services)
Central Bank, Ireland (220 customers, Foodservices)


• Health Care and Seniors
Holmwood House, Surrey, United Kingdom (48 beds, Foodservices)
Heatherwood & Wexham Park Hospitals, Slough/Ascot, United Kingdom (684 beds, Foodservices)


• Education
Streatham & Clapham High School, London, United Kingdom (880 students, Foodservices)
CATS Canterbury, Kent, United Kingdom (200 students, Foodservices)
Bradford School of Management, Bradford, United Kingdom (250 students, Food and Facilities
Management services)



Latin America

• Corporate Services
Goodyear, São Paulo, Brazil (1,350 customers, Foodservices)
Pilkington, 3 sites (Caçapava, São Paulo, Betim), Brazil (860 customers, Foodservices)
Ambev, 3 sites (Jacareí, Manaus, Guarulhos) Brazil (3,100 customers, Foodservices)
Glaxo, Buenos Aires, Argentina (450 customers, Foodservices)
ITAUTEC, Jundiai, Brazil (1,200 customers, Foodservices)
Banco de Chile, Santiago, Chile (500 customers, Foodservices)
Jaguar Plasticos, Jaguariuna, Brazil (550 customers, Foodservices)
Celima San Martin, Lima, Peru (450 customers, Foodservices)
Cargill Seara Itajai, Itajai, Brazil (340 customers, Foodservices)
Caldema, Sertãozinho, Brazil (500 customers, Foodservices)
FRIGOL, Lençois Paulista, Brazil (500 customers, Foodservices)
TCC, Bogotá, Colombia (Facilities Management services)


• Health Care and Seniors
Hospital italiano, Buenos Aires, Argentina (2,350 beds, Foodservices)
Hosp. Univ. Mayor pacientes, Bogotá, Colombia (1,000 beds, Foodservices)
Casa de Saude Maceio, Macéio, Brazil, (2,150 beds, Foodservices)
Hosp. Univ. Barrios Unidos, Bogotá, Colombia (400 beds, Foodservices)



• Education

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Escuela Derecho U. Catolica, Santiago, Chile (1,560 students, Foodservices)


• Sports & Leisure
Comfenalco, 2 sites (Hoteles y Clubes, Hosteria Farallones) La Pintada – Antioquia, Colombia
(Facilities Management services)



Asia-Pacific

• Corporate Services
Procter & Gamble Co.Ltd Huangpu Plant, Guangzhou, China (Facilities Management services)
Shanghai Volkswagen Automotive Co.,Ltd. (2nd plant), Shanghai, China (Foodservices)
Morgan Stanley - New Bldg at ICC (Kln Station), Hong-Kong, China (Foodservices)
Colgate Sanxiao Co., Ltd., Yangzhou, China (Facilities Management services)



Remote Sites

Wellops Seawell & Sea Enhancer, North Sea, United Kingdom (240 residents, Food and Facilities
Management services)
Noble Drilling, Hans Deul, Netherlands (80 residents, Food and Facilities Management services)
OFFCON - Sea Trucks Group, Jascon 30, Angola (265 residents, Food and Facilities Management
services)
Proyecto Camisa, Salamanca, Chile (300 residents, Facilities Management services)
Techint Peru LNG, Ayacucho, Peru (400 residents, Facilities Management services)
CRP – Consorcio Rio Paraguacu, Maragogipe, Brazil (3 600 residents, Foodservices)
ORUS (MINERA BARRICK), Trujillo/Ancash, Peru (363 residents, Facilities Management services)
Isolux Tecna, 2 sites (Río Turbio and Neuquén), Argentina (600 residents, Food and Facilities
Management services)
Grupo Enersis, Santiago, Chile (222 residents, Foodservices)
Wester Geco, Punta Arenas, Chile (150 residents, Foodservices)
Mina Bijaos, Colombia (Facilities Management services)
Larsen Oil & Gas, Petro Rig 1, Gulf of Mexico (200 residents, Food and Facilities Management
services)
Barrick Gold, Dominican Republic, Gulf of Mexico (2 800 residents, Foodservices)
Shell Perdido, Perdido Rig, Gulf of Mexico (150 residents, Food and Facilities Management services)
Hornbeck Offshore Services (Support to the Perdido Rig), Gulf of Mexico (280 residents, Food and
Facilities Management services)




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Service Vouchers and Cards


Europe

• Belgium
Iris Hospital Group (4 sites) (Meal Pass, 8,840 beneficiaries)
ASAP.BE (Meal Pass, 1,050 beneficiaries)


• France
Caisse Nationale d’Assurance Vieillesse (National retirement pension fund) (Home Pass,
100,000 beneficiaries)
Ministry of Economy (Meal Pass, 42,000 beneficiaries)


• Italy
UniCredit (Meal Pass, 10,000 beneficiaries)


• Czech Republic
G4S Security Services (Meal Pass, 1,390 beneficiaries)


• Hungary
State Motorway Management Ltd (Meal Pass, 920 beneficiaries)


• Bulgaria
Ce Bornetse (Food Pass, 1,770 beneficiaries)



Latin America

• Argentina
Ministry of Social Development of Cordoba Province (Solidarity Pass, 270,000 beneficiaries)


• Brazil
Serviço Social do Comercio (Meal Pass, 1,500 beneficiaries)
Grupo Sena Seguridad (3 sites) (Food Pass, 3,900 beneficiaries)



Asia

• India
Sify Technologies Ltd (Meal Pass, 750 beneficiaries)




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