BPCE - 2018 Registration document

FINANCIAL REPORT IFRS Consolidated Financial Statements of BPCE SA group as at December 31, 2018

Share-based payment plans Payments under these plans are subject to presence and performance criteria.

Fair value of bonus share at valuation date (in euros)

Number of shares granted at inception

Number of units vested by beneficiaries

Bonus share price at grant date (in euros)

Year of plan 2013 plan 2014 plan

Grant date

Vesting date July 2018

07/31/2014 02/18/2015

31,955

4.83 6.18

4.02 3.45

95,144 February 2019

March 2018 March 2019

2015 plan 2016 plan

07/28/2016 07/28/2016

3,081,642

3.43 3.43

2.80 1.62

151,283

July 2020

March 2019 March 2020

2016 plan 2017 plan

04/10/2017 05/23/2017

3,012,307

4.28 6.44

4.43 3.32

79,369

May 2021

March 2020 March 2021 March 2021 March 2022

2017 plan

02/23/2018

2,765,576

7.06

5.34

2018 plan

02/26/2019

2,987,841

4.44

2.73

Expense for the period for loyalty and performance plans

Fiscal year 2018

Plans settled in cash indexed to Natixis shares

Plans settled in shares

Total

Fiscal year 2017

in millions of euros

5

Previous loyalty plans

(14)

(14)

(31)

Loyalty plans from the fiscal year

(2) (2)

(2)

(6)

TOTAL

(14)

(16)

(37)

Valuation inputs used to assess the expense relative to these plans

12/31/2018

12/31/2017

Share price

4.12

6.60

Risk-free interest rate Dividend payout ratio Loss of rights rate

(0.64%) 11.35% 4.61%

(0.67%) 6.57% 3.90%

Loyalty and performance plans settled in cash

are recorded under “Other long-term employee benefits”. The estimated expense accounts for an actuarial estimate of these conditions being met. It is spread over the vesting period for the benefits. The amount recognized in respect of fiscal year 2018 was:

Some employees are awarded loyalty and performance bonuses with deferred payment in cash. These bonuses are subject to attendance and performance conditions. In terms of accounting treatment, they

Fiscal year 2018 in millions of euros

Fiscal year 2017 in millions of euros

Year of plan

Grant date

Vesting date March 2016 March 2017 March 2018 March 2017 March 2018 March 2018 March 2019 March 2019 March 2020

2014 plan

02/18/2015

(3)

2015 plan

02/10/2016

(1)

(6)

2016 plan

04/10/2017

(7)

(16)

2017 plan 2018 plan

02/23/2018

(19) (29) (56)

(20)

TOTAL

(44)

485

Registration document 2018