Eurazeo / 2019 Universal Registration Document

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

Segment income statementfor the year endedDecember 31, 2018

Contribution of portfolio companies

Asset mana- gement activity

Investment activity

Eurazeo Capital 2,611.7

Eurazeo PME

Eurazeo Patrimoine

Eurazeo Brands

2018

(In millionsof euros)

Revenue

4,366.4

13.4

63.6

1,257.7

383.4

36.5

Contributionof investmentandasset managementactivities*

504.5

456.9

47.6

Other items

4.8

5.0

(0.2)

Operatingincomebeforeotherincome & expenses & charges

846.2

461.9

47.4

166.6

117.8

51.9

0.7

Restructuringandtransition costs Acquisition costsandearn-out

19.1 2.7 8.2 21.7

- - -

- -

- -

Non-recurring employee benefits expense

0.8 0.5

0.3

Other non-recurring items

3.6

2.1

AdjustedEBIT

396.0

218.4

121.4

53.2

3.0

Charges to/reversals of deprec., amort. & provisions

179.4 575.4

116.6

32.5

28.6 81.8

1.6

AdjustedEBITDA

335.0

153.9

4.7

Impairment

(177.1)

-

Net income ofassociates

-

4.8 0.1

Transaction costsandfinancial items Contributionof investmentandasset managementactivities

(22.9)

261.9 52.4 * Before impairment, transaction costsandfinancial items (for the investmentactivity) – before financial items andnet income ofassociates (for the assetmanagementactivity).

Segment netdebt as ofDecember 31, 2018

06

Contribution of portfolio companies

Asset mana- gement activity

Investment activity

Eurazeo Capital

Eurazeo PME

Eurazeo Patrimoine

Eurazeo Brands

12/31/2019

(In millionsof euros)

Borrowings Cash assets

3,407.6 (965.9)

-

-

1,933.4

772.4

695.2

6.6

(445.1)

(31.9) (31.9)

(272.3) 1,661.1

(113.7) 658.7

(102.6) 592.6

(0.3)

IFRS NETDEBT

2,441.6 (445.1)

6.2

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2019 UNIVERSAL REGISTRATION DOCUMENT