Vilmorin & Cie - Annual report 2017-2018

PRESENTATION of Vilmorin & Cie 1 ANNUAL REPORT Vilmorin & Cie 4 2017-2018 (1) Research investment refers to gross research expenditure before recording any research costs as fixed assets and tax relief for research. Data calculated from the sale of seeds for activities intended for professional markets and integrating 50% of AgReliant’s business (North America. Field Seeds). (2) Integrating 50% of AgReliant (North America. Field Seeds). To take application of the standard IFRS 11 into account, certain companies have been recorded in the accounts using the equity method, as of fiscal year 2014-2015. (3) Disclosed data (bearing in mind the impact of standard IFRS 11, i.e. excluding AgReliant). Analysis of permanent staff in 2017-2018 according to geographical zone (as a %) 16 % 11 % 19 % AMERICAS AFRICA MIDDLE EAST ASIA OCEANIA 31 % FRANCE 23 % EUROPE (NON FRANCE) Evolution of investment in research  (1) (in million of euros and as a % of sales) Sales of seeds Investment in research Investment in research/sales of seeds 1,494 1,576 1,482 225 240 241 15-16 16-17 17-18 15.2% 16.2% 15.2% permanent staff  (2) in the world (6,653 employees) (3) More than 7,000 16.2 % of seed sales 2017-2018 invested in research Analysis of permanent staff in 2017-2018 according to activity (as a %) 56 % Vegetable Seeds 36 % Field Seeds 8 % Garden Products and Holdings Analysis of permanent staff in 2017-2018 according to function (as a %) 28 % 29 % Sales and marketing Research 16 % Administration 27 % Agronomic production and factory 1.1. Key figures