Eurazeo / 2018 Registration document

CONSOLIDATED FINANCIAL STATEMENTS Notes to the Consolidated Financial Statements

Reconciliation of the Income Statement by business and the IFRS Income Statement 3.1.2 (In millions of euros)

2018 575.4 (179.4) 396.0 547.7 (69.0) (21.8) 456.9 132.3 20.0 (105.3)

Adjusted EBITDA

Portfolio company amortization

Adjusted EBIT

Net capital gains and losses & Dividends and other investment revenue

Cost of calculated management fees

Other costs

Contribution of the investment activity – before impairment, transaction costs and financial items

Management fees Performance fees

Operating expenses of the asset management activity

Other

0.7

Contribution of the asset management activity – before financial items and share of income of associates

47.6

Non-recurring items

(52.6)

Reclassification of hedging and foreign currency translation reserves – impact of sales of securities and other

(1.8)

Operating income before other income and expenses Amortization of assets relating to goodwill allocation

846.2 (178.1) (177.1) (33.6) (75.3) (464.2) 382.0 (199.5)

Impairment

Transaction costs

Non-recurring items – other income and expenses

Other operating income and expenses

Operating income Net finance costs

4

Financial items of investment and asset management activities

15.7 (2.7) (0.5)

Fair value gains (losses) on derivatives Other financial income and expenses

Net financial expense

(187.0)

Share of income of associates – contribution of portfolio companies Share of income of associates – asset management activity

54.0

4.8

Non-recurring items

(7.3) 51.5

Share of income of associates

Income tax expense

8.5

Net income (loss) from discontinued operations

(44.0) 211.0

NET INCOME (LOSS) Non-controlling interests

40.1

NET INCOME (LOSS) ATTRIBUTABLE TO OWNERS OF THE COMPANY

251.0

Eurazeo

227

2018 Registration Document