Transdev puts priority on recovery as first step in development strategy

2 April 2013

Jean-Marc Janaillac, Transdev Chairman and CEO, presented the company's strategic priorities for the coming years, focusing on recovery as a necessary first step in Transdev's new development strategy.

2013-2015: a strategy for financial, economic and business recovery
Our recovery strategy is focusing on restoring the means to ensure our full development, based on a healthy financial structure, while maintaining Transdev's active involvement in international growth markets.”
                        (Jean-Marc Janaillac, Chief Executive Officer of Transdev)

Transdev has defined a plan of refocusing on 17 countries in which it will finance its development and is undertaking targeted asset sales, particularly of capital-intensive and / or low growth activities.
The sale to Deutsche Bahn of assets in Eastern Europe is in its final stages and additional divestitures are planned in Germany, Sweden, Finland and Belgium as well as the sale of the Veolia Transport activities in the Netherlands.

The new organisation will be characterised by:
• autonomy for subsidiaries needed to adapt the management of their activities to the local environment and customer needs;
• systematic sharing of innovations, expertise and know-how between countries and networks throughout the company;
• in France, a more flexible organisation with a focus on ground operations in order to better respond to public authority expectations and changes in passenger mobility.

Transdev will also make a major effort to improve operational efficiency and business performance to optimize and customize its response to the growing public transport challenges facing local communities.”
                              (Jean-Marc Janaillac, Chief Executive Officer of Transdev)

With six billion Euros in annual revenue, Transdev will continue to be a world leader in its industry, present in 17 countries grouped into four operational decision centers, France -the Netherlands - North America / the United Kingdom - Asia-Pacific / Southern Europe.
A capital increase of € 800 million, under written by Caisse des Dépôts for € 520 million and Veolia Environnement for € 280 million, will increase Caisse des Dépôts' stake, reduce Veolia Environnement's stake in Transdev and significantly lighten the Group's debt load.
Strengthening the role of long-term investor Caisse des Dépôts et Consignations is an asset for Transdev. As a long-standing financial partner and shareholder, CDC will reinforce Transdev's financial and economic position.” 
                               (Jean-Marc Janaillac, Chief Executive Officer of Transdev)

2015-2018: the traveller as the focus of Transdev's development plan
With addition manoeuvring room to ensure its development, Transdev will build on competitive advantages that include the diversity of its expertise and geographic presence, the quality of its teams and its ability to anticipate and respond to communities' new mobility challenges.
• Transdev will position itself as the manager of multimodal mobility, including traditional forms of public transport (urban, suburban and intercity) and individual modes (bikes, automobiles and car sharing).
• Transdev will continue to develop its railway expertise, but with a focus on markets not requiring heavy investment in rolling stock.
• Transdev will reinforce the development of its transport on demand business, a growth engine that complements its urban mobility offer in both its transport authority and general public activities.
• Transdev also will continue its strategy of innovating in digital services and inter-modality management, focusing on the perspective of travelers and their modes of transport.

With our expertise in all areas of traditional public transport, our core business, coupled with our leadership in digital services, Transdev is uniquely positioned as a manager of more personalized mobility. Transdev has set an objective to generate more than seven billion euros in revenues in 2018. The Transdev and Veolia Transport brands have been well-known and appreciated by our customers for over 20 years, which is why we have chosen the name of one and the color of the other.” 
                                 (Jean-Marc JanaillacChief Executive Officer of Transdev)