Cap Gemini - Registration Document 2016

4

FINANCIAL INFORMATION

4.2 Consolidated financial statements

Net debt by maturity at redemption value The amounts indicated below correspond to the undiscounted be redeemed in full at maturity. The contractual cash flows contractual nominal interest rates and assuming the bonds would

contractual repayments of the liability. associated with “Obligations under finance leases” represent

to the 2015 and 2016 bond issues were estimated based on value of future contractual cash flows. Future cash flows relating

maturity Contractual

amount Carrying

cash flows Contractual

1 year Less than

2 years 1 to

5 years 2 to

5 years Beyond

in millions of euros

At December 31, 2016 Cash and cash equivalents Cash management assets 2015 Bond issue – July 2018 2015 Bond issue – July 2020 2015 Bond issue – July 2023

2017 2017 2018

1,870

1,870

1,870

- -

- - -

- - - -

157

157

157

(500)

(505)

(3)

(502)

2020 (1,256) 2023 (1,008)

(1,338) (1,175)

(22) (25)

(22) (25)

(1,294)

(75)

(1,050)

2016 Bond issue

2021

(497) (100)

(513) (105)

(3)

(3)

(507)

- -

Obligations under finance leases

2017 to 2020

(53)

(34)

(18)

Draw-downs on bank and similar facilities and other borrowings, net

2017 to 2020

(42)

(105)

(52)

(18)

(35)

-

Borrowings

(3,403)

(3,741)

(158)

(604)

(1,929)

(1,050)

Derivative instruments on borrowings

n/a

(37)

NET DEBT

(1,413)

(1,714)

1,869

(604)

(1,929)

(1,050)

At December 31, 2015 Cash and cash equivalents Cash management assets

2016 2016 2016 2019 2018

1,948

1,948

1,948

- - - -

- - -

- - - - - -

116

116

116

2011 Bond issue

(501) (370) (500)

(526) (400) (511)

(526)

“ORNANE 2013” bonds

-

(400) (503)

2015 Bond issue – July 2018 2015 Bond issue – July 2020 2015 Bond issue – July 2023

(4)

(4)

2020 (1,255) 2023 (1,007)

(1,360) (1,200)

(22) (25)

(22) (25)

(1,316)

(75)

(1,075)

finance leases Obligations under

2016 to 2020

(97)

(103)

(47)

(33)

(23)

-

and other borrowings Draw-downs on bank and similar facilities

2016 to 2020

(81)

(158)

(91)

(17)

(50)

-

Borrowings

(3,811)

(4,258)

(715)

(101)

(2,367)

(1,075)

Derivative instruments on borrowings

n/a

(20)

NET DEBT

(1,767)

(2,194)

1,349

(101)

(2,367)

(1,075)

limit the concentration of borrowings’ maturities; actively managing the due dates of financial liabilities in order to ◗ using diverse sources of financing, allowing the Group to reduce ◗ its reliance on certain categories of lenders. Net debt / Net cash and cash equivalents and credit risk counterparty risk mainly consist of financial investments: in Financial assets which could expose the Group to a credit or (certificates of deposit), (ii) term deposits, (iii) capitalization equity-linked products, but in (i) negotiable debt securities accordance with Group policy, cash balances are not invested in minimum credit rating and diversification rules. contracts or (iv) short-term money market mutual funds, subject to

risk Net debt / Net cash and cash equivalents and liquidity to liquidity risk are mainly the bond issues performed in 2015 and The financial liabilities whose repayment could expose the Group the bond issue performed in 2016. the Group has implemented a conservative financing policy mainly becoming due and payable, at the contractual due date or early, To manage the liquidity risk that may result from financial liabilities based on: clauses that could lead to early repayment of borrowings; prudent use of debt leveraging, coupled with limited use of any ◗ maintaining a high level of available funds at all times; ◗

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Registration Document 2016 — Capgemini