OVH Groupe : 2022 Universal Registration Document

2022 UNIVERSAL REGISTRATION DOCUMENT

	Contents
Introduction	2
	Group business model			2
1 Presentation of the Group	5
1.1	History	6
1.2	The cloud computing market	7
1.3	Business	12
1.4	Strategy and targets	17
1.5	OVHcloud's competitive
	advantages	19
1.6	Legislative and regulatory
	environment	23
1.7	Group organisation	29
2 Risk factors and internal
control	33
2.1	Risk factors			34
/AFR/
2.2	Insurance and risk coverage	48
2.3	Internal control and risk
	management	50

• Nonfinancial performance

statement			55
/SNFP/ /AFR/
3.1	Guaranteeing data sovereignty
	and freedom	67
3.2	Pioneering sustainable cloud	72
3.3	Driving collective progress of the
	cloud for the benefit of society	79
3.4	Application of the European
	taxonomy to the Group's activities	88
3.5	Methodology and scope
	of nonfinancial performance
	indicators	91
3.6	Report by one of the Statutory
	Auditors, appointed as
	independent third party,
	on the consolidated statement
	of nonfinancial performance	96

4 Corporate governance	101
	Introduction: Statement
	on corporate governance	102
4.1	Governance overview	102
4.2	Compensation and benefits	128

4.3	Regulated agreements and
	commitments	140
4.4	Annual General Meetings	145

• Financial and accounting

information			147
/AFR/
5.1	Comments on the consolidated
	financial statements	148
5.2	Consolidated Financial
	Statements	159
	Notes to the consolidated
	financial statements	164
5.3	Annual Financial Statements
	of the Company	213
	Notes to the Statutory Financial
	Statements	217
5.4	Other information	236
5.5	Date of latest financial
	information	237

6 Capital and shareholders		239
/AFR/
6.1	Shareholders	240
6.2	Stock market data	243
6.3	Dividendes	243
6.4	Relations with the financial
	community	244
6.5	Information on share capital	245

7 Additional Information	251
7.1	General and legal information	252
7.2	Main provisions of the Bylaws
	and the internal regulations
	of the Board of Directors	253
7.3	Information concerning
	the Statutory Auditors	255
7.4	Documents available to the public	256
7.5	Persons responsible			256
/AFR/
7.6	Thirdparty information	257

8 Appendix	259
Glossary	260
Crossreference tables	262

The elements of the annual financial report are identified in the summary using the pictogram /AFR/. The Statement of Non-Financial Performance is identified by the pictogram /SNFP/.

UNIVERSAL

REGISTRATION

DOCUMENT

Including the annual 2022 financial report

We are the leading European cloud provider with a global footprint. Our goal is to provide secure, reliable, open and sustainable cloud services to everyone.

We serve our customers, whatever their location.

We provide industry-leading performance and cost-effective solutions to help them better manage, protect and scale their data.

This Universal Registration Document is a reproduction of the official version of the Universal Registration Document, including the annual financial report, which has been prepared in xHTML format and is available on the corporate.ovhcloud.com website.

The Universal Registration Document was approved on 20 december 2022 by the AMF, in its capacity as competent authority under Regulation (EU) 2017/1129.

The AMF has approved this Universal Registration Document after having verified that the information it contains is complete, consistent and comprehensible. The Universal Registration Document bears the following approval number: R. 22 - 040.

Such approval should not be considered as an endorsement of the company that is the subject of this Universal Registration Document.

This Universal Registration Document may be used for the purposes of an offer to the public of securities or the admission of securities to trading on a regulated market if it is supplemented by a securities note and, where applicable, a summary and its supplement(s). In this case, the securities note, the summary and all amendments made to the Universal Registration Document since its approval are approved separately in accordance with Article 10 paragraph 3, second subparagraph, of Regulation (EU) 2017/1129.

The Universal Registration Document is valid until 20 december 2023, and, during this period and at the latest at the same time as the securities note and under the conditions of Articles 10 and 23 of Regulation (EU) 2017/1129, must be completed by

a supplement in the event of significant new facts or substantial errors or inaccuracies.

This Universal Registration Document includes the annual financial report (rapport financier annuel), and the management report (rapport de gestion), which includes the corporate governance report (rapport sur le gouvernement d'entreprise). Corresponding cross-reference tables are presented in AppendixI of this Universal Registration Document.

Copies of this Universal Registration Document are available free of charge from OVH Groupe, 2,rueKellerman, 59100 Roubaix, France, and on the websites of OVH Groupe (https://corporate. ovhcloud.com/en/) and the French Financial Markets Authority (www.amf-france.org).

OVHcloud 2022 UNIVERSAL REGISTRATION DOCUMENT

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INTRODUCTION

Group businessmodel /SNFP/

GROUP BUSINESS MODEL /SNFP/

OUR PROFILE

OUR VISION

European leader in the cloud

+20 years of existence

2,800 employees

140 countries in 4 continents

€788 million in revenue in 2022

1.6 million customers

(SMEs, large companies, technology and public companies)

33 data centres in 8 countries

450,000 servers

BREAKDOWN OF REVENUE BY BUSINESS SECTOR

		62%
		Private Cloud
		16%
		Public Cloud
€788 million		22%
		Web Cloud

GEOGRAPHICAL BREAKDOWN OF REVENUE

		49%
		France
		29%
€788 million		Rest of Europe
	22%
		Rest of the World

We are building an open and trusted cloud, enabling businesses and society to make

the most of the data revolution, while minimising our environmental impacts.

Guaranteeing data freedom and sovereignty

Pioneering the sustainable cloud

Collectively advancing the cloud for the benefit of society

OUR STRATEGY

Accelerating the transition to new cloud uses

and integrated solutions to support companies worldwide, regardless of their digital maturity.

• Expansion of the range of services with the development of PaaS solutions & innovative services
• International expansion, with a multi-local approach
• Development of new key customer segments
• Contribution to Global Net zero by 2030

OUR STRENGTHS

Ideally positioned to capture the rapid growth of the cloud market.

INTEGRATED VERTICAL MODEL

complete control of our value chain

PIONEER OF THE SUSTAINABLE CLOUD

by minimising our impacts

CULTURE OF INNOVATION

integrated into our DNA, serving our offers and our processes

PASSIONNATE EMPLOYEES

mobilised around strong values: trust, passion, teamwork, disruption and responsibility

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OVHcloud 2022 UNIVERSAL REGISTRATION DOCUMENT

www ovhcloud com

INTRODUCTION

Group businessmodel /SNFP/

OUR VALUE PROPOSAL FOR OUR STAKEHOLDERS

CUSTOMERS

We offer our customers cloud solutions covering all their uses- supporting them in their

digital transformation, enabling them to innovate

by building "cloud native" applications or helping them leverage the power of data. We offer a complete suite of solutions to meet the growing needs of multiple and hybrid cloudsby guaranteeing our customers freedomand transparency.

• Data sovereignty
• Best price/performance ratio
• Pricing predictability and transparency
• Full reversibility and interoperability
• Management of the environmental footprint
• International presence

EMPLOYEES

We offer our employees an environment in which to thriveby being fully involved in the Company'ssuccess.

SHAREHOLDERS

We offer our shareholders exposure to a profitable pure player in a fast-growing market, while contributing to the construction of European digital independence.

PARTNERS

We offer our partners business opportunities associated with the co-construction of an ecosystem of European cloud solutions.

SUPPLIERS

We offer our suppliers opportunities in a fast-growingcloud market,a diversification of their customer portfolio and the opportunity to co-innovateto develop cutting-edge solutions.

CIVIL SOCIETY & ENVIRONMENT

Through our offering, we seek to innovate in order to

design the digital world of tomorrow and reduce our impact on the environment, while contributing to the digital sovereignty and data protection of European citizens.

• Employee engagement score of 7.5/10
• 20%of women in management positions
• 73%of employees trained
• >20%, long-term growth rate of the cloud market
• 39.0%, FY2022 adjusted EBITDA margin
• 2.6%of capital held by employees

• More than 1,000 companies in the OVHcloud Partner programme in 2022
• Open Trusted Cloud: 78 active members
• Marketplace: 350+ solutions
• > 20 %, medium-term growth rate of the cloud market and OVHcloud's competitive position
• 65%of suppliers having signed the supplier code of conduct
• 137 patent families held at 31/08/2022
• 1.28 PUE
• 0.26 WUE
• 25%, component reuse rate

OVHcloud 2022 UNIVERSAL REGISTRATION DOCUMENT

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