Eurazeo / 2019 Universal Registration Document

Activity during the year and outlook

General growthin the investmentdivisions Economicrevenue by investment division Figures in millionsof euros

In 2019, Eurazeo posted robust economicrevenue growth at constant Eurazeo scope and exchangerates: +8.8% to €6,227 million.Annual growth breaks down as follows: 9.7% revenue growth for fully-consolidated companies to €4,681 million and 5.9% for Eurazeo's share of the revenue of equity-accounted companiesat €1,547 million.

+8.9%

+8.8%

4,104

6,227

3,754

5,704

Equity- accounted companies

+4.0%

1,547

1,461

+13.8%

1,182 1,237

Fully- consolidated companies

+8.8%

+11.8%

668

4,244

4,681

587

4 244

02

164

133

48

54

2018 Eurazeo at constant scope

2019

Eurazeo Capital

Eurazeo PME

Eurazeo Patrimoine

Eurazeo Brands

Other

2018 Eurazeo at constant scope (€ million) 2019 (€ million) At constant Eurazeo scope and exchange rates

X%

EconomicEBITDA by investment division Figures in millionsof euros The economic EBITDA of Eurazeo's investments totaled €946 million, up +7.2% at constant Eurazeo scope and exchange rates. For fully-consolidated companies, EBITDA rose by +8.6%to €690 million.

+4.2%

+7.2%

+4.6%

946

604

572

873

Equity-accounted companies

256

165

247

156

+23.6%

n.s.

174

Fully-consolidated companies

140

4

626

690

2

2018 Eurazeo at constant scope

2019

Eurazeo Capital

Eurazeo PME

Eurazeo Patrimoine

Eurazeo Brands

2018 Eurazeo at constant scope (€ million) 2019 (€ million) At constant Eurazeo scope and exchange rates

X%

/ EURAZEO

37

2019 UNIVERSAL REGISTRATION DOCUMENT