DERICHEBOURG - Universal registration document 2019-2020

4

Financial statements Consolidated financial statements for the year ended September 30, 2020, in compliance with IFRS Notes

€0.9million for a redundancyplan at DerichebourgAtis Iberica; ● €0.2millionof restructuringcosts in the Germansubsidiary. ● In the Holding companiesbusiness Restructuringcosts of €0.2million incurreddue to the lockdown. ●

In the Multiservicesbusiness Major restructuringcosts of €5.6 million in subsidiariesrelated to the p aeronauticscycle, including: €3.6 million in severance costs for the 163 employees of ● Derichebourg Aeronautics Services France who refused the CollectivePerformanceAgreement; €0.9 million for a redundancy plan at DerichebourgAeronautics ● RecruitmentFrance;

Gain/loss ondisposal of consolidated companies 4.21

2020

2019

France – Derichebourg Services & Ingénierie nucléaire

Italy – disposal AEP Multiservizi

(2.3)

(0.8)

France – loss of exclusive control of water treatment and distribution subsidiaries

(2.8)

(0.7) Belgium – liquidation of CPI & Bas Long Prés

Morocco – disposal of household waste collection and waste treatment business Italy – disposal of household waste collection and waste treatment businesses

England – disposal of Derichebourg Aviation & Energy Resources

(0.2)

0.6

Turkey – disposal of Derichebourg Tesis Yonetimi Spain – Reyfra, change of consolidation method

(1.4)

0.1

7.7

Gain/loss on disposal of consolidated companies

(1.0)

(0.8)

Net financial expenses 4.22 To provide a better assessment of the debt service cost, net financial expenses have been calculated between financial expenses and financial income from investmentsmade, and after taking into account the effect of interest-ratehedges.

Any amounts not falling within the above definition are, where applicable,shownon a separateline.

2020

2019

In millions of euros

Interest on loans, bank overdrafts and factoring

(9.3)

(7.9)

Interest on current accounts Leasing interests

(2.3)

(1.4)

Dividends Income from investment securities and cash equivalents Interest-rate hedges and other financial income and expenses

(0.2) (0.5)

(0.5) (9.7)

Net financial expenses

(12.3)

Foreign exchange gains and losses

1.3

0.3

Interest expense on retirement and pension plans

(0.3) (3.3) (2.3)

(0.7) (0.4) (0.8)

Others

Foreign exchange and other gains and losses

Income tax 4.23 By type 4.23.1

2020

2019

In millions of euros

Income before tax from consolidated companies

41.5

87.0

Current income tax

(21.8)

(34.6)

Deferred tax

2.3

4.1

Total income tax expense

(19.5)

(30.5)

Effective tax rate

(47.0%)

(35.1%)

The FrenchFinanceLaw for 2019maintainedthe standardcorporatetax rate of 34.43%for fiscal years beginningin 2019.

DERICHEBOURG p 2019/2020 Universal Registration Document 175