Derichebourg // 2020-2021 Universal Registration Document

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Financial and accounting information Consolidated financial statements at September 30, 2021

Statutory Auditors’ report on the consolidated financial statements 5.3.6 To the Derichebourg General Meeting,

Opinion In performance of the mission entrusted to us by your General Meetings, we have conducted an audit of the Derichebourg consolidated financial statements for the fiscal year ended September 30, 2021, as attached to this report. In our opinion, the consolidated financial statements for the fiscal year prepared in accordance with IFRS standards as adopted in the European Union give a true and fair view of the results of the profits, losses and transactions of the past fiscal year as well as the financial position and assets at

year-end of the group consisting of the persons and entities included in the consolidation. The opinion expressed above is consistent with the content of our report to the Audit Committee.

Basis of the opinion Auditing framework We conducted our audit in accordance with professional standards applicable in France. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Our responsibilities under these standards are set out in the “Responsibilities of the Statutory Auditors related to the audit of the consolidated financial statements” section of this report. Independence We conducted our audit mission in accordance with the independence rules set out by the French Commercial Code and the code of ethics for the independent auditor profession, from October 1, 2020 to the date of our report, and we did not, in particular, provide any services prohibited by Article 5 (1) of regulation (EU) no. 537/2014. Justification of our assessments – Key points of the audit The global Covid-19 pandemic has created particular challenges when preparing and auditing the financial statements for this fiscal year. Indeed, the crisis and unprecedented measures taken to resolve it have had a number of consequences on companies' business activity and financing, and caused increased uncertainty for the future. Some of these measures, such as travel restrictions and remote working, have also affected the internal organization of companies and the way in which audits are carried out. Against this complex and changing backdrop, and in accordance with the provisions of Articles L. 823-9 and R. 823-7 of the French Commercial Code relating to the justification of our assessments, please note the key points of the audit relating to the risks of material misstatement, which, in our professional judgment, were the largest for the audit of the consolidated financial statements for the fiscal year, as well as the responses we provided to those risks. The assessments thus made fall within the context of the audit of the consolidated financial statements taken as a whole which were drawn up and the formation of our opinion expressed above. We do not express an opinion on items in these consolidated financial statements in isolation. Goodwill testing As of September 30, 2021, your Group’s goodwill totaled €266.2 million, compared with a consolidated balance sheet of €2,465.3 million. The Group performs impairment tests on those assets, the terms of which are described in notes 2.3.6 “Impairment of non-current assets other than financial non-current assets” and 4.1.2 “Impairment tests” to the consolidated financial statements. Assets tested for impairment are grouped into cash-generating units (“CGUs”). When the recoverable amount of a CGU is the higher of the fair value less selling costs or the value in use. The value in use can be less than its net carrying amount, an impairment provision is recognized against operating profit (loss). The recoverable amount of the CGU is the higher of the fair value less selling costs or the value in use. The value in use can be determined by applying the discounted future cash flow method, which is based on assumptions about the change in each activity over a five-year period, and the use, notably, of a growth rate to infinity and discount rates. We therefore considered that the valuation of goodwill was a key point of the audit given the significant nature of the goodwill, and the fact that it relies on estimates by management, as indicated in note 2.2.2 to the consolidated financial statements “Use of estimates”. We examined the procedures that your Group put in place related to impairment tests on goodwill. Our audit team included specialists to assess the discount rates and the growth rate to infinity used for the various CGUs. We also analyzed the consistency of cash flow forecasts with past performance and market outlooks, including any potential impacts of the Covid-19 crisis. Lastly, we conducted sensitivity analyses on the following assumptions: discount rate, growth rate to infinity and recurring operating profit (loss) of each CGU. Audit procedures in response to this risk Audit risk

DERICHEBOURG 2020/2021 Universal Registration Document 183