Vetoquinol Universal Registration Document 2019

1.1 MESSAGE FROM MATTHIEU FRECHIN, CHIEF EXECUTIVE OFFICER 4 1.2 VETOQUINOL, YOUR TRUSTED ANIMAL HEALTH PARTNER 5 1.2.1 Business overview 5 1.2.2 Serving animal health for over 85 years 6 1.2.3 Operations in all main animal health markets 10 1.3 VETOQUINOL’S STRATEGY 11 1.3.1 A focusing strategy: Essentials products targeted at four species 11 1.3.2 Strategy focused on four species 12 1.3.3 Multi-specialist strategy 12 1.3.4 Hybrid growth strategy 13 1.4 VALUE-CREATING BUSINESS MODEL 14 1.5 ANIMAL HEALTH WORLD MARKET 16 1.5.1 Animal health world market 16 1.5.2 The animal health market by region 17 1.5.3 Animal health market outlook 17 1.6 VETOQUINOL: AN INDUSTRIAL GROUP 19 1.6.1 France (Lure, Tarare, Paris and Angers) 19 1.6.2 Poland (Gorzów, Klodawa) 20 1.6.3 Bertinoro (Italy) 20 1.6.4 Mairipora (Brazil) 20 1.6.5 Goiania (Brazil) 21 1.6.6 Princeville (Canada) 21 1.6.7 Main investments made over the last three years – excluding IFRS 1 21 1.7 FINANCIAL PERFORMANCE 22 1.8 NON-FINANCIAL PERFORMANCE 23 1.9 SIMPLIFIED ORGANIZATIONAL CHART 24 1 PRESENTATION OF THE GROUP Vetoquinol  Document d’enregistrement universel 2019  Rapport financier   3