BPCE - 2020 Universal Registration Document

5

FINANCIAL REPORT

IFRS CONSOLIDATED FINANCIAL STATEMENTS OF GROUPE BPCE AS AT DECEMBER 31, 2020

SHORT-TERM CASH-SETTLED PAYMENT PLAN INDEXED TO NATIXIS SHARES

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

Vesting date

2020 plan

01/20/2021

01/03/2021

3.17

3,504,747

3,504,747

3.17

The expense associated with the short-term plan is fully recognized in the 2020 financial statements in the amount of €11 million, versus €28 million at December 31, 2019.

SHARE-BASED PAYMENT PLANS Payments under these plans are subject to presence and performance criteria.

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

Number of shares granted at inception

Number of units vested by beneficiaries

Bonus share price on the grant date (in euros)

Year of plan

Grant date

Vesting date

2014 plan

02/18/2015

95,144

February 2019 March 2018 March 2019

6.18

3.45

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

04/10/2017 05/23/2017

3,012,307

5.70 6.44

4.28 3.32

2016 plan 2017 plan

79,369

May 2021

March 2020 March 2021 March 2021 March 2022 March 2022 March 2023 March 2023 March 2024

2017 plan

04/13/2018

2,943,516

6.65

5.04

2018 plan

04/12/2019

2,600,406

4.99

3.41

2019 plan

04/10/2020

3,598,382

2.24

1.35

2020 plan

01/20/2021

1,562,732

2.79

2.40

EXPENSE FOR THE YEAR REPRESENTED BY LOYALTY AND PERFORMANCE PLANS

Fiscal year 2020

Plans settled in cash indexed to Natixis shares

Plans settled in shares

TOTAL

Fiscal year 2019

in millions of euros

Previous loyalty plans

(7)

1

(6) (5)

(24)

Loyalty plans from the fiscal year

(5) (4)

(3)

TOTAL

(7)

(11)

(27)

VALUATION INPUTS USED FOR THE COST ESTIMATE FOR THESE PLANS

12/31/2020

12/31/2019

Share price

2.79

3.96

Risk-free interest rates Dividend payout ratio

(0.56%) 7.17% 4.55%

(0.66%) 12.83% 4.72%

Loss of rights rate

318

UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE

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