Cap Gemini - Registration Document 2016

FINANCIAL INFORMATION

4.3 Comments on the Cap Gemini S.A. Financial Statements

Comments on the Cap Gemini S.A. Financial 4.3 Statements

Income statement 4.3.1 December 31, 2016 of €304 million (including €264 million in The Company reported operating income for the year ended royalties received from subsidiaries) compared with €312 million last year (including €258 million in royalties). Operating profit is €162 million, compared with €175 million in 2015. Net finance income totaled €867 million (compared with €1,037 million in 2015) and reflects the difference between: provisions for equity interests (€646 million), particularly in the Netherlands, Asia-Pacific and Italy, foreign exchange gains on the pooling of currency risk at Group level (€243 million), the income of €1,197 million, mainly comprising reversals of ◗ reversal of the provision on a derivative in own shares (€114 million), dividends received from subsidiaries (€69 million), income from loans granted to subsidiaries (€55 million) and income from derivatives in own shares unwound during the year (€50 million); Balance sheet 4.3.2 Net investments rose from €15,060 million last year to €15,719 million at December 31, 2016. This €659 million increase is mainly attributable to: net reversals of provisions for equity interests of €646 million; ◗ a €56 million increase in other long-term investments ◗ corresponding to the net impact of treasury share transactions during the year. year. This increase essentially reflects the difference between: Shareholders’ equity is €11,709 million, up €671 million on last net profit for 2016 (€950 million); ◗ the June 1, 2016 dividend payment of €1.35 per share on the ◗ 169,444,022 shares making up the Company’s share capital at May 30, 2016 (after neutralization of the 2,737,478 treasury shares held by the Company), representing a total payment of €229 million; the share capital reduction by cancellation of 617,235 Cap ◗ Gemini S.A. shares purchased under the share buyback program authorized by the Combined Shareholders’ Meeting of May 18, 2016 in the amount of €50 thousand.

swap (€124 million). expenses of €330 million, mainly comprising foreign exchange ◗ losses on the pooling of currency risk at Group level (€202 million), as well as interest on bond issues and a currency equity interests. was mainly due to the decrease in net reversals of provisions for This €170 million decrease in net finance income year-on-year The net non-recurring expense of €71 million compared with €25 million in 2015, is mainly attributable to the loss recognized on the transfer of shares on the exercise of BSAAR warrants (€14 million) and the exercise of ORNANE bonds (€56 million). €950 million. After an income tax expense of €8 million (compared with €30 million in 2015), mainly reflecting the income tax expense of the tax consolidation group, the Company reported a net profit of Borrowings totaled €5,214 million at December 31, 2016, up €602 million compared with December 31, 2015. This increase was mainly due to: the €500 million bond issue performed on November 9, 2016; ◗ the €283 million increase in outstanding inter-company loans; ◗ included in the Group’s cash pooling arrangement (Cash pooling international), for which the Company acts as the centralizing agent, offset in full by an opposite position of the same amount in the cash and cash equivalents of the Company; the €721 million increase in bank overdrafts on the accounts ◗ €500 million; the redemption of the 2011 bond issue in the amount of ◗ the redemption of the ORNANE bonds redeemable in cash and/or in new and/or existing shares in the amount of €400 million. In addition to the above, the following information is required by law: External accounts payable of Cap Gemini S.A. total €235 thousand, €198 thousand of which are not yet due. Group accounts payable total €18.7 million, none of which are due.

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Registration Document 2016 — Capgemini