EXEL Industries // 2020 Universal registration document

Consolidated fi nancial statements Notes to the consolidated fi nancial statements

Consolidated (in € thousands)

09/30/2019

09/30/2020

France

100,309

71,505

Foreign

446

686

TOTAL

100,755

72,191

Of which fi xed rate

46,513

53,581

Of which variable rate

54,242

18,610

4. These concern advances granted by public funding agencies for modernization and innovation or advances received from COFACE for commercial prospecting for export business.

Financial debt in foreign currency At September 30, 2020, financial debt in foreign currencies breaks down as follows:  financial debt denominated in GBP €10,821 thousand ( i.e . GBP 9,592 thousand);  financial debt denominated in DKK €7,145 thousand ( i.e . DKK 53,355 thousand);  financial debt denominated in USD €4,622 thousand ( i.e . USD 5,063 thousand);  financial debt denominated in AUD €1,174 thousand ( i.e . AUD 2,109 thousand).

5

Net financial debt

Consolidated (in € thousands) - Debts in (+)/Liquidities (-)

09/30/2019

09/30/2020

Net cash

(45,269)

(47,911)

Bank borrowings

100,755

72,191

Shareholder current account

17,666

35,561

Lease liabilities

13,434

763

Other borrowings

454

502

Regulated government subsidies

3

3

NET FINANCIAL DEBT

87,043

61,109

Note 15 Repayment schedule of fi nancial debt at September 30, 2020

Less than 1 year

From 1 year to 5 years

More than 5 years

Consolidated (in € thousands)

Total

Short-term operating loans and overdrafts with banks – France and other countries

54,022

-

-

54,022

Finance leases

4,818

7,717

898

13,434

Bank borrowings – France and other countries

56,073

44,682

-

100,755

Employee pro fi t sharing payables and miscellaneous payables

388

600

24

1,012

Contingent debt

-

3

-

3

TOTAL

115,302

53,002

922

169,225

Shareholder current account

17,666

-

-

17,666

TOTAL FINANCIAL DEBT

132,969

53,002

922

186,892

EXEL Industries group I 2020 Universal Registration Document

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