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 France (with Smovengo S.A.S., held at 40.49%), in Colombia (with City Parking SA held at 50%), in Switzerland (with Parking du Centre – Flon S.A. – previously named Indigo Suisse S.A. – held at 50%), or in Belgium (with ParcBrux held at 50%) ; a full list of consolidated joint ventures can be found in the notes to the Company’s consolidated statements.
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, or the number of parking spaces and car parks managed) 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 or proportional consolidation, 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, with the exception Smovengo in France, whose workforce is not included. 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 2022 was 9 467, of which 8 621 were employed by companies controlled by the Group and 846 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 indicated above.
The scope of environmental reporting covers all controlled subsidiaries of the Group’s parking division, i.e. a total of 8 countries: Belgium, Brazil, Canada, Spain, France, Luxembourg, Poland and Switzerland. The Colombian subsidiary City Parking, which is 50% owned, uncontrolled and unconsolidated, remains excluded from environmental reporting.