MM, EFES EN. Marc Mathieu

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1 MM, EFES EN Marc Mathieu

2 La Tribune

3 Hewitt

4 EUROPEAN EMPLOYEE OWNERSHIP ACROSS THE CRISIS Numbers 2006/2007/2008/ Employee owners 9.3 million 9.0 million 8.4 million Employees' share in ownership structure 2.86% 2.79% 2.75% 2.43% Capitalisation held by employees in 166 billion 249 billion 291 billion 213 billion % European companies having employee ownership 91.0% 83.8% 81.4% 77.4% % European companies having broad-based plans 53.1% 50.9% 49.0% 45.2% % European companies having launched new plans 30.3% 35.3% 26.5%

43% Capitalisation held by employees in 166 billion 249 billion 291 billion 213 billion % European companies having employee

5 Billion Euro CAPITAL HELD BY EMPLOYEE OWNERS IN EUROPEAN GROUPS Graph 2006/2007/2008/ % 2.86% 2.79% 249 % 2,90 2,80 2, , , % 2, ,30

6 % EUROPEAN GROUPS HAVING EMPLOYEE SHARE PLANS Graph first year plans UK IE, FI FR, NL BE, DA, SV CH, NO EUROPE DE, IT ES, AT 11 NEW PL GR PT

7 % EUROPEAN GROUPS HAVING EMPLOYEE SHARE PLANS Graph Europe 2013?

8 % EUROPEAN GROUPS HAVING EMPLOYEE SHARE PLANS Graph premiers et derniers UK IE, FI FR, NL PL GR PT

IE, FI FR, NL 80 70 60 50 PL GR PT 40 30

9 Survey 2009

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

broad based plans Number of countries Number of employee

11 Number of years 16 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

1999 1998 8 2001 2000 6 2001 2004 2002 4 2004 2 2007 0 IE SL UK FR

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)

years later) MIDDLE AND LOW MANAGEMENT (10% employees)

19 % EUROPEAN GROUPS HAVING EMPLOYEE OWNERSHIP Graph % having EO 91% ES IT NO FR DA CZ SV NL PT EU HU DE NM BE SL AT BG PL CH UK CY FI IE 70 LT 60 EE LU GR MT 50 SK 40 LV RO LV RO SK EE LU GR MT LT PL NM BE SL AT BG DE HU NL PT EU ES IT NO FR DA CZ SV CH UK CY FI IE

FI IE 70 LT 60 EE LU GR MT 50 SK 40 LV RO 30 20 10 0 LV RO SK EE LU GR

20 % 100 EUROPEAN GROUPS HAVING BROAD BASED SHARE PLANS Graph % broad based 90 FR CZ 80 UK 70 DA IE HU 60 53,1% NM CY SL EU NO GR PT IT BE BG LV NL DE FI AT MT CH SK ES SV 10 0 EE LT LU RO PL EE LT LU RO PL GR PT IT BE BG LV NL DE FI AT MT CH SK ES SV NM CY SL EU NO DA IE HU UK FR CZ

BE BG LV NL DE FI AT MT CH SK ES SV 10 0 EE LT LU RO PL EE LT LU RO PL GR

21 DATABASE Database OF EMPLOYEE OWNERSHIP Each of all largest European groups Stock capitalisation > 200 million 33.4 million employees (25-30% of all European employees)

22 Annual reports ANNUAL REPORTS

23 Numbers Numbers E Owners EMPLOYEE OWNERS IN EUROPEAN GROUPS Europe: 9.3 million employee owners FR UK DE ES NL SV CH 0 EE LT RO LV LU BG SK MT CZ SL HU CY PT PL NM GR IE DA NO BE AT IT FI ES NL SV 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 5,00 FR SL AT 4,00 PL 3,00 2,00 2,86% SK NO SV NM NL FI BE HU GR ES DE UK IE EU CH IT 1,00 0,00 DA LU PT RO LV MT CZ EE LT BG RO LV MT CZ EE LT BG LU PT DA SK NO SV NM NL FI BE HU GR ES DE UK IE EU CH IT PL AT SL FR CY

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

27 % 100 % EXEC et NonEXEC % HELD BY TOP EXECUTIVES AND OTHERS TOP EXECUTIVES COMMON EMPLOYEES 0 EE LT LU RO GR PL NO IT PT IE ES CY UK AT BE SV EU DE NL HU BG CH NM MT FR CZ FI DA SL LV SK

28 Ratio 180 DEMOCRATISATION RATIO OF EMPLOYEE OWNERSHIP Democratisation ratio 160 FR UK CY 100 EU = 100 IE CH FI EU SV BE NL ES DA AT DE NO SK LV PT PL CZ HU NM IT SL MT GR 0 BG EE LT RO LU BG EE LT RO LU SK LV PT PL CZ HU NM IT SL MT GR BE NL ES DA AT DE NO IE CH FI EU SV UK CY FR

29 % 50 % EOwners amongst all employees % EMPLOYEE OWNERS AMONGST ALL EMPLOYEES 45 FR CY UK 30 27,8% CH FI EU SV BE NL ES DA AT DE NO IE SK LV PT PL CZ HU NM IT SL MT GR 0 BG EE LT RO LU BG EE LT RO LU SK LV PT PL CZ HU NM IT SL MT GR BE NL ES DA AT DE NO IE CH FI EU SV UK CY FR

30 % 100 % CAPITAL HELD BY EMPLOYEES IN EUROPEAN GROUPS % Cap held in groups (continuum) > 50% < 50% < 20% % < 1% < 6% 220 Companies 925 companies 655 companies

31 Catégories % EO ALL GROUPS Classification ALL GROUPS up to 1% insignificant 1 to 6% significant 53.4% to 20% strategic 27.3% to 50% determining 20.1% 497 over 50% controlling 13.6% 337

32 Catégories % EO - LISTED Classification LISTED GROUPS up to 1% insignificant 1 to 6% significant 46.8% to 20% strategic 18.2% to 50% determining 10.4% 239 over 50% controlling 3.7% 84

33 % EUROPEAN GROUPS HAVING "SIGNIFICANT" EMPLOYEE OWNERSHIP % 90 % Significant CY CZ 80 FR 70 UK ,8% DA SV DE CH SK AT NM NL NO ES IT SL EU FI IE HU BG LT LU GR EE BE PL PT 10 0 LV MT RO LV MT RO BG LT LU GR EE BE PL PT DA SV DE CH SK AT NL NO NM ES IT SL EU FI IE HU UK FR CZ CY

34 Euro each million people Euro each

35 AVERAGE CAPITALISATION HELD BY EACH EMPLOYEE OWNER (EXCLUDING TOP EXECUTIVES) Cap held by EOwner individually IT CH ES FI DE EU FR AT BE DA NO GR NL UK PT SV IE 0 SV IE DA NO GR NL UK PT FI DE EU FR AT BE ES IT CH

36 EXEC and Non-Exec 3 TOP EXECUTIVES & OTHER EMPLOYEES Euro 63 billion 1.08% Euro 103 billion 1.78% Euro 166 billion 2.86%

37 No legislation happy few No legislation = Stock-Option Plans for happy few

38 Political roadmap Political roadmap for employee ownership in Europe

39 Manifesto Manifesto for 2009 election European Parliament

40 Economic & Social Committee European Economic & Social Committee Own-Initiative Opinion February 2010 October 21, 2010

41 Belgian Presidency

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

ERMInE Database. Presentation by Nils Flatabø SINTEF Energy Research. ERMInE Workshop 2 - Northern Europe Oslo, 1. November 2006

ERMInE Database. Presentation by Nils Flatabø SINTEF Energy Research. ERMInE Workshop 2 - Northern Europe Oslo, 1. November 2006 ERMInE Database Presentation by Nils Flatabø SINTEF Energy Research ERMInE Workshop 2 - Northern Europe Oslo, 1. November 26 Overview Content of the Ermine Database Electronic Questionnaire RTD&D Data