Cap Gemini - Registration Document 2016

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FINANCIAL INFORMATION

4.4 2016 Financial statements

Syndicated credit facility secured by Cap Gemini S.A. multi-currency credit facility with a syndicate of 18 banks, On January 13, 2011, Cap Gemini S.A. signed a €500 million maturing on January 13, 2016. This facility was refinanced on July 30, 2014 with a group of 18 banks by a new multi-currency credit facility for an increased by a maximum of two additional years. extension options, exercisable at the end of the first and second years, respectively, the maturity of the new facility will be extended amount of €750 million, maturing on July 30, 2019. In the event of exercise (subject to the approval of the banks) of two one-year The initial margin on the new credit facility was 0.45% (excluding the fee on drawn amounts which varies according to the portion of the facility drawn), compared with the margin of 0.75% applied previously at the same credit-rating level. This margin may be amounts equal to 35% of the margin. adjusted upwards or downwards according to the credit rating of Cap Gemini. The facility is also subject to a fee on undrawn amounts is 0.1575%. The margin applicable is now 0.45% and the fee on undrawn

have no impact on the availability of this credit facility. An upgrade or downgrade in Cap Gemini’s credit rating would ratios (as defined in IFRS) in respect of this credit facility: Cap Gemini has agreed to comply with the following financial the consolidated net debt to consolidated equity ratio must be ◗ less than one at all times; the interest coverage ratio (the extent to which consolidated net ◗ finance costs are covered by consolidated operating margin) must be equal to or greater than three at December 31 and June 30 of each year (based on the 12 months then ended). covenants also apply to Group subsidiaries. They include The credit facility agreement also includes covenants restricting Cap Gemini S.A.’s ability to carry out certain operations. These restrictions primarily relating to pledging assets as collateral, asset sales, mergers and similar transactions. Cap Gemini S.A. also committed to standard obligations, including an agreement to maintain pari passu status. At December 31, 2016, this credit facility had not yet been drawn.

14. Maturity of payables at the year end

one year More than

Gross amount One year or less

(in thousands of euros)

issues 2015-2018 Bond issue 2015-2020 Bond issue 2015-2023 Bond issue 2016-2021 Bond issue

500,000

■

1,250,000 1,000,000

■

500,000

■

Sub-total

3,250,000

Bank loans and borrowings Bank overdrafts ■

167

- - - -

Bank overdrafts (Group cash pooling arrangement) ■

1,335,860

41,349

Accrued interest

■

Sub-total

1,377,376

Group loans and borrowings Loans ■

339,164 247,434

214,533 247,434

124,631

Group investments

■

Other payables

1,547,642 2,134,239

1,383,001 1,844,967

164,642 289,273

■

Sub-total

Accounts and notes payable

4,218 2,692 1,261

- - -

Tax and social security liabilities

Other payables

TOTAL

6,769,786

3,230,515

3,539,273

€1,333,777 thousand and subsidiary current accounts for tax consolidation purposes of €195,210 thousand. Other Group payables mainly consist of subsidiary current account balances under the Group’s worldwide cash pooling arrangement of

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Registration Document 2016 — Capgemini

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