BPCE - 2019 Universal Registration Document

FINANCIAL REPORT

IFRS CONSOLIDATED FINANCIAL STATEMENTS OF GROUPE BPCE AS AT DECEMBER 31, 2019

SHORT-TERM CASH-SETTLED PAYMENT PLANS INDEXED TO THE NATIXIS SHARE

Number of indexed cash units granted at inception

Number of probable indexed

Fair value of indexed cash unit at valuation date (in euros)

Value of indexed cash unit (in euros)

cash units at vesting date

Year of plan

Grant date 1/22/2020

Vesting date

2019 plan

1/22/2020

3.88

5,815,898

5,815,898

3.88

The expense associated with the short-term plan is fully recognized in the 2019 financial statements in the amount of €28 million, versus €36 million 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

Grant date 7/31/2014 2/18/2015

Vesting date

2013 plan 2014 plan

31,955 95,144

July 2018

4.83 6.18

4.02 3.45

February 2019 March 2018 March 2019

2015 plan 2016 plan

7/28/2016 7/28/2016

3,081,642

3.43 3.43

2.80 1.62

151,283

July 2020

March 2019 March 2020

2016 plan 2017 plan

4/10/2017 5/23/2017

3,012,307

4.28 6.44

4.43 3.32

79,369

May 2021

March 2020 March 2021 March 2021 March 2022 March 2022 March 2023

2017 plan

2/23/2018

2,765,576

7.06

5.34

2018 plan

2/26/2019

2,987,841

4.44

2.73

2019 plan

1/22/2020

2,104,431

3.96

2.22

5

EXPENSE FOR THE PERIOD FOR LOYALTY AND PERFORMANCE PLANS

Fiscal year 2019

Plans settled in cash indexed to Natixis shares

Plans settled in shares

Total

Fiscal year 2018

in millions of euros

Previous loyalty plans

(8)

(17)

(24)

(14)

Loyalty plans from the fiscal year

(3)

(3)

(2)

TOTAL

(8)

(20)

(27)

(16)

VALUATION INPUTS USED TO ASSESS THE EXPENSE RELATIVE TO THESE PLANS

12/31/2019

12/31/2018

Share price

3.96

4.12

Risk-free interest rate Dividend payout ratio

(0.66%) 12.83% 4.72%

(0.64%) 11.35% 4.61%

Loss of rights rate

295

UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE