ID Logistics : Universal registration document 2022

CONTENTS

1Business Overview	5
1.1	ID Logistics: a booming contract logistics	6
	pure player
1.2	Milestones in the Company's development	6
1.3	Selected annual financial information	8
1.4	The contract logistics market	9
1.5	Market positioning of ID Logistics	12
1.6	ID Logistics growth strategy	20
1.7	Environmental issues	22
1.8	Organization charts	22
1.9	Research and development	26
1.10	Consolidated statement of non-financial	27
	performance
2Risk factors	63
2.1	Risk mapping and assessment	64
2.2	Strategic and operational risks	65
2.3	Financial risks	69
2.4	Regulatory and legal risks	70
3Governance	71
3.1	Board of Directors' corporate governance	72
	report
3.2	Internal control and risk management	111
	procedures
3.3	Vigilance plan	114
3.4	Statutory auditors	120

4Financial statements	121
4.1	General presentation	122
4.2	Comparison of fiscal years 2022 and 2021	124
4.3	Cash and capital	127
4.4	Cash flow	130
4.5	Required sources of finance for the future	131
4.6	Capital expenditure	131
4.7	Dividend distribution policy	132
4.8	Annual historic financial information	133
4.9	Review of results and financial position -	178
	parent company financial statements
4.10	Transactions with related parties	191
4.11	Date of latest financial information	193
4.12	Material contracts	193
4.13	Information provided by third parties,	193
	experts' declarations and disclosures of
	self-interest
4.14	Trends	194
4.15	Court and arbitration proceedings	194
4.16	Significant change in financial or trading	194
	position
5Additional information	197
5.1	Information concerning the Company	198
5.2	Treasury stock - Description of the share	198
	buyback program
5.3	Deed of incorporation and bylaws	200
5.4	ID Logistics Group securities market	202
5.5	Documents on display	203
5.6	Legislation applicable to Group operations	203
6May 31, 2023 Combined General Meeting	205

6.1	Agenda	206
6.2	Draft resolutions	207
7Persons responsible	219
7.1	Person responsible for the Universal	220
	Registration Document
7.2	Statement of the person responsible for the	220
	Document
7.3	Person responsible for financial reporting	220

8Cross-reference tables

221

2022

UNIVERSAL

REGISTRATION

DOCUMENT

including the Annual Financial Report

This document is available free of charge at the registered office of ID Logistics Group

55, chemin des Engrenauds - 13660 Orgon, as well as in electronic form on the AMF website (www.amf-france.org)

and on the Company's website (www.id-logistics.com).

The Universal Registration Document was filed on 27 April 2023 with the AMF, in its capacity as competent authority under Regulation (EU) 2017/1129, without prior approval in accordance with Article 9 of that Regulation.

The Universal Registration Document may be used for the purposes of an offer of financial securities to the public or the admission of financial securities to trading on a regulated market if it is supplemented by a securities note and, where applicable, a summary and any amendments made to the Universal Registration Document. The package then formed shall be approved by the AMF in accordance with Regulation (EU) 2017/1129.

GENERAL REMARKS

Incorporation by reference

The Company's website is www.id-logistics.com. The information on the website referred to by hypertext links (www.id-logistics.com) in this Universal Registration Document, with the exception of that incorporated by reference as specified below, does not form part of this Universal Registration Document. As such, this information has not been reviewed or approved by the AMF.

Pursuant to Article 19 of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017, the following items are incorporated by reference in this Universal Registration Document:

• The consolidated financial statements as at 31 December 2021 and the report of our Statutory Auditors thereon, presented respectively on pages 135 to 171 and 174 to 183 of the Universal Registration Document no. D22-0336 filed with the Autorité des Marchés Financiers on 22 April 2022. https://www.id-logistics.com/fr/wp-content/uploads/ sites/33/2022/04/ ID_Logistics_DEU_2021_FR_202204212231-D22-0336.pdf.
• The consolidated financial statements as at 31 December 2020 and the report of our Statutory Auditors thereon, presented on pages 124 to 154 and 154 to 157 respectively of the Universal Registration Document No. D21-373 filed with the Autorité des Marchés Financiers on 28 April 2021. https://www.id-logistics.com/fr/wp-content/uploads/sites/33/2021/04/Document-denregistrement-2020-FR-D21-0373.pdf.

Contents of this document

• Elements of the Universal Registration Document.
• Elements of the annual financial report.
• Elements of the management report.
• Report of the Board of Directors on corporate governance.
• Other AMF regulatory information: description of the share buyback program.

Definitions

In this Universal Registration Document, and unless otherwise indicated:

• "IDL GROUP" refers to the company ID Logistics Group.
• "Company" means ID Logistics Group.
• "Group", "ID Logistics Group" and "ID Logistics" refer to the group of companies constituted by the company ID Logistics Group and its subsidiaries.
• "Universal Registration Document" means this Universal Registration Document filed with the Autorité des Marchés Financiers.
• "Date of the Universal Registration Document" means the date of filing of the Universal Registration Document.

Market Information

The Universal Registration Document contains information relating to the markets and market shares of the Company and its competitors, as well as its competitive positioning, in particular in sections 1.4 "The Contract Logistics Market" and 1.5 "ID Logistics' Positioning". This information comes in particular from studies carried out by external sources. However, the publicly available information, which the Company considers reliable, has not been verified by an independent expert and the Company cannot guarantee that a third party using different methods to gather, analyse or calculate market data would obtain the same results.

Risk factors

Investors are invited to carefully consider the risk factors described in Chapter 2 "Risk factors" of the Universal Registration Document before making their investment decision. The realisation of some or all of these risks could have an adverse effect on the Company's business, condition, financial performance or objectives. In addition, other risks, not yet identified or considered insignificant by the Company at the date of the Universal Registration Document, could have the same negative effect and investors could lose all or part of their investment.

Forward-looking information

The Universal Registration Document contains forward- looking statements and information on the Group's objectives, in particular in sections 1.5 "ID Logistics' positioning", 1.6 "ID Logistics' development strategy" and 4. 14 "Trends", which are sometimes identified by the use of the future tense, the conditional tense and forward-looking words such as "estimate", "consider", "aim", "expect", "intend", "should", "wish", "could", in their affirmative or negative form, or any other similar terminology. This information is based on data, assumptions and estimates considered reasonable by the Company. The forward- looking statements and objectives contained in the Universal Registration Document may be affected by known and unknown risks, uncertainties relating to, among other things, the regulatory, economic, financial and competitive environment, and other factors that could cause the Company's future results, performance and achievements to differ materially from those expressed or implied. These factors may include, but are not limited to, the factors set out in Chapter 2 "Risk Factors" of the Universal Registration Document.

• 2022 Universal Registration Document • ID Logistics

1

Business Overview

1.1 ID LOGISTICS: A BOOMING CONTRACT LOGISTICS PURE

	PLAYER	6
1.2	MILESTONES IN THE COMPANY'S DEVELOPMENT	6
1.3	SELECTED ANNUAL FINANCIAL INFORMATION	8
1.4	THE CONTRACT LOGISTICS MARKET	9
	1.4.1 Definition of contract logistics	9
	1.4.2 The contract logistics market	9
1.5	MARKET POSITIONING OF ID LOGISTICS	12
	1.5.1 Market positioning of ID Logistics	12
	1.5.2 Types of service offered by ID Logistics	14
	1.5.3 Market typology	15
	1.5.4 Global monitoring of key accounts	16
	1.5.5 Relationships established with customers on a contractual,
	transparent and long-term basis	18
1.6	ID LOGISTICS GROWTH STRATEGY	20
1.7	ENVIRONMENTAL ISSUES	22

1.8	ORGANIZATION CHARTS	22
	1.8.1	Legal organization chart	22
	1.8.2 Presentation of the main Group companies	24
	1.8.3	Operational organization chart	26
1.9	RESEARCH AND DEVELOPMENT	26

1.10 CONSOLIDATED STATEMENT OF NON-FINANCIAL

PERFORMANCE	27
1.10.1 Sustainable development and growth: history of our CSR
	strategy	27
1.10.2	CSR risks	33
1.10.3	Taxonomy	52
1.10.4 Progress report on Ambition 2030	55
1.10.5 Consolidated non-financial performance indicators	55
1.10.6	Reported information	58

1.10.7 Report issued by one of the statutory auditors, appointed as independent third-party agency, on the verification of the consolidated statement of non-financial performance

presented in the Group management report

59

2022 Universal Registration Document • ID Logistics 5