Eurazeo / 2019 Universal Registration Document

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

Note

12/31/2019

Grossdebt

Cashassets

Netdebt

(In thousands ofeuros)

Comments/Nature ofmaincovenants

Maturities:2024 •

(acquisitiondebtandcapex) Covenants: • LTV (4) • Debtservicecoverageratio • Netdebt/EBITDAR (2) •

GrapeHospitality

353,389

(41,818)

311,571

Capex (3) • Hedging •

Maturities:2028(borrowings) • Covenants: • Netdebt/EBITDA (1) •

C2S

257,789

(17,839)

239,950

Maturities:2023 • Covenants: • LTV (4) • Maturities:2051 • Maturities:2024 • Covenants: • LTV(4) •

Highlight

51,719

(633)

51,086

Dazeo

19,523

(1,505)

18,018

Euston

66,440

(4,506)

61,933

InterestCoverageRatio (5) •

Othercompanies EurazeoPatrimoine NestFragrances Othercompanies EurazeoBrands

0

(6,804)

(6,804) 

748,860

(73,106)

675,754 

Maturities:2020(creditfacility) •

6,011

177

6,188

-

(1,511)

(1,511)  4,677 

6,011

(1,334)

Contribution ofportfolio companies

4,198,044

(506,626)

3,691,418 

TOTALNETDEBT

4,223,150 (1,092,337)

3,130,813 

06

o/wborrowingsmaturing in lessthanoneyear o/wborrowingsmaturing in morethanoneyear

434,958

3,788,192

Cashandcashequivalentassets

13.1 

(1,065,542) 

Restrictedcash

13.1  13.1 

(25,908) 

Othershort-termdeposits (887)  EBITDA:Earningsbeforeinterest,taxes,depreciation andamortization, adjustedwhereapplicable in accordancewithbankdocuments. (1) EBITDAR:Earningsbeforeinterest,taxes,depreciation, amortization andrent,adjustedwhereapplicable in accordancewithbankdocuments. (2) Capex:CapitalExpenditure. (3) LTV:LoanToValue. (4) ICR:InterestCoverageRatio. (5)

The debt repayment schedule was drawn up based on current scheduled maturity dates. Borrowings maturing in less than one year primarily consist ofcredit facilitiesrepayablein 2020 and short-termdebt maturities.

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2019 UNIVERSAL REGISTRATION DOCUMENT