Eurazeo / 2019 Universal Registration Document

Financial Statements Consolidated Financial Statements for the year ended December 31, 2019

Reconciliation ofthe IncomeStatementby business and theIFRS Income Statement 3.1.2.

2019

(In millionsof euros) AdjustedEBITDA

689.5 (261.4) 428.1 410.7 (75.0) (16.6)

Portfolio companyamortization

AdjustedEBIT

Net capital gains and losses& Dividends andother investment revenue

Cost ofcalculatedmanagementfees

Other costs

Contribution ofthe investment activity – beforeimpairment,transaction costsand financial items

319.1 198.5

Management fees

Calculatedperformance fees

62.5

Operatingexpenses ofthe assetmanagementactivity

(142.2)

Other

0.1

Contribution ofthe assetmanagementactivity – before financial items and shareof incomeof associates

119.0 (75.3) (12.7) 778.2 (165.5) (195.6) (46.4) (410.8) 367.4 (253.6) (3.3)

Non-recurring items

Reclassification ofhedgingand foreigncurrencytranslationreserves – impact of sales ofsecuritiesandother

Operatingincomebeforeotherincomeandexpenses Amortizationof assets relating to goodwill allocation

Impairment

Transaction costs

Non-recurring items – other income andexpenses

Other incomeandexpenses

Operatingincome Finance costs, net

Financial items of investment andassetmanagementactivities

28.6 (4.9) (15.4)

Fair valuegains(losses)on derivatives Other financial income and expenses

06

Netfinancialexpense

(245.2)

Share ofincome ofassociates –contributionof portfolio companies Share ofincome ofassociates –assetmanagementactivity

62.1 (2.2)

Non-recurring items

(23.4)

Share ofincome ofassociates

36.5

Income taxexpense

(25.0)

Net income (loss)from discontinued operations

(0.8)

NETINCOME(LOSS)

132.9

Attributable to non-controlling interests

(9.9)

NETINCOMEATTRIBUTABLETOOWNERSOFTHECOMPANY

122.9

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2019 UNIVERSAL REGISTRATION DOCUMENT