Details on the data presented by the INDIGO Group
As part of its communication through various media such as its website www.indigo-group.com, Indigo Group S.A. (the “Company”) presents consolidated financial, operational, HR and environmental data under different formats or perimeters. These differences, motivated by the desire to give a more complete view of the activities of the INDIGO Group (the “Group”), are linked in particular to the existence of joint-ventures, companies in which the Group holds a significant share of the capital of no more than 50% and over which it does not exercise exclusive control. These joint-ventures are mainly located in the United States (with the company LAZ Karp Associates LLC -known as LAZ Parking- held at 50%), in Colombia (with the company City Parking SA held at 50%), in Switzerland (with the company Indigo Suisse S.A. held at 50%) or in France (with the company Smovengo S.A.S. held at 40.49%) ; a full list of consolidated joint ventures can be found in the notes to the Company’s consolidated accounts.
This note summarizes the way in which this subject is dealt with in the Group’s various communication media. For more details, the reader is invited to refer to the relevant materials and in particular to the notes to the Company’s consolidated financial statements and to its non-financial performance statement (the Déclaration de Performance Extra-Financière or “DPEF”).
The Group’s statutory consolidated financial statements are prepared in accordance with IFRS, with joint-ventures being consolidated using the equity method. In order to provide a more economic view of the substance of the Group, the Company also reports certain financial data (such as revenue, EBITDA and net debt) under a “Global Proportionate” format, which is defined as IFRS consolidated data adjusted for the Group’s share of the contribution of its activities in the joint-ventures, as if the joint-ventures were proportionately consolidated.
The Group presents certain operational data (such as the number of countries and cities in which it is present, the number of parking spaces and car parks managed, or the number of employees) on the basis of a global view that includes 100% of the data relating to the joint-ventures, as if they were fully consolidated and not accounted for using the equity method, as the data concerned is difficult to reduce to the Group’s share in the joint-ventures.
Headcount is recorded in full, including for joint-ventures, on the basis of a global view integrating 100% of the data relating to joint-ventures. As indicated in the notes to the Company’s consolidated financial statements and in the DPEF, the total number of Group employees at 31 December 2020 was 14,477, of which 6,648 were employed by companies controlled by the Group and 7,829 by joint-ventures.
The DPEF includes various other data of a HR nature and specifies for each the scope used if it is different from that including all Group subsidiaries and joint-ventures.
The Group operates according to very different economic and contractual models depending on the country: in the so-called infrastructure model, the subsidiaries concerned can take the initiative to voluntarily implement measures to reduce their energy consumption and consequently their greenhouse gas emissions; on the other hand, in the service management mode, the Group can generally only encourage its upstream clients to do so. In addition, the Group’s operations in some countries are of a small size.
For these reasons, the Company has selected a scope of 6 countries for reporting environmental data, namely those in which it can directly make investments in favor of the environment and which are of significant size (turnover of more than €10,000,000): Belgium, Brazil, Canada, France, Luxembourg and Spain.