Eurazeo / 2018 Registration document

GROUP OVERVIEW Financial indicators

A STEADILY IMPROVED financial structure

Eurazeo’s financial robustness, a major asset, improved in 2018. Group equity rose, approximating €6.3 billion at the year-end. With new scope entries, consolidated debt increased. This debt was without recourse to Eurazeo SE.

A steadily improved financial structure (in € millions)

1,420

- 1,061

800

372 *

-90

-64

-156

1 052 379

428

Financial indicators

Dec. 31, 2017

Divestment gains and dividends

Investments and Reinvestments

Dividends paid

Share buybacks

Other

Dec. 31, 2018

Post closing

Dec. 31, 2018 PF

* Impact of the Eurazeo Capital IV fundaraising (€257 millions), the sale of Neovia (€169 millions) and subsequent investments/divestments (-€136 millions)

A controlled consolidated net debt (in € millions)

+ 4%

As of December 31, 2018, Group consolidated net debt stood at €2,442 million, taking into account the net debts of all consolidated investments (mainly acquisition debts) and the Eurazeo SE cash flow. Net debt remained stable compared to December 31, 2017, with divestment gains virtually offset by the impact of investments. The portfolio companies’ debt are without recourse against Eurazeo SE, which itself has no structural debt.

4,587

3,619

Of which: Eurazeo Capital : 1,661 Eurazeo PME : 659 Eurazeo Patrimoine : 593

2,442

2,391

1,501

355

2013 2014 2015 2016 2017 2018

60

Eurazeo

2018 Registration document