FFP_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS

Parent-company financial statements

Notes

Accounting policies and methods

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Note 1 Note 2 Note 3 Note 4 Note 5 Note 6 Note 7 Note 8 Note 9 Note 10 Note 11 Note 12 Note 13 Note 14 Note 15 Note 16 Note 17 Note 18 Note 19 Note 20 Note 21 Note 22 Note 23

Summary of management analysis results by business segment

Profit or loss from equity securities

Profit or loss on Portfolio Investment Securities and other long-term investments

Profit or loss from financing and debt operations

General administration income/expense

Income tax

Intangible assets

Property, plant and equipment

Shareholdings and receivables connected with shareholdings Portfolio Investment Securities and other long-term investments

Current assets Treasury shares

Equity

Provisions Liabilities

Information concerning related companies and shareholdings

Financial commitments Executive compensation Deferred tax position

Average number of employees Post-balance sheet events

Litigation

The following disclosures constitute the notes to the balance sheet at 31 December 2017 before appropriation of net profit for the year, which shows total assets of €1,795,754 thousand, and to the income statement for the year then ended, which shows a net profit of €31,581 thousand. Figures are presented in thousands of euros, which may give rise to rounding differences in totals and cross-referencing differences between balance-sheet and income-statement items and figures in the notes. The financial year lasts for 12 months, from 1 January to 31 December 2017. Notes 1 to 23 below are an integral part of the financial statements. These financial statements were approved by the Board of Directors on 23 March 2018. KEY EVENTS IN THE PERIOD In 2017, FFP carried out two private placements of bonds (Euro PP). The first placement took place in June, consisting of €155,000 thousand of bonds maturing in July 2025 with an annual coupon of 2.50%. The second took place at the end of the year, consisting of €87,500 thousand of bonds breaking down as follows: O a tap issue (bonds of the same type as the first tranche) in an amount of €57,500 thousand;

O a new tranche consisting of €10,000 thousand of 8-year bonds maturing in January 2026 with a coupon of 2.60%; O a new tranche consisting of €20,000 thousand of 10-year bonds maturing in December 2027 with a coupon of 3.00%. After those two bond issues, and given financing granted to subsidiaries for their investments, debt rose from €329,088 thousand at 31 December 2016 to €463,768 thousand at 31 December 2017. That debt figure includes €171,000 thousand of drawings on credit facilities. As part of the company’s share buyback programme approved by shareholders in the 3 May 2016 General Meeting, FFP bought back 326,483 of its own shares for €29,170 thousand in 2017. The net profit for the year of €31,581 thousand mainly comprised: O €40,475 thousand of dividends from Peugeot SA; O €4,733 thousand of net capital gains, after the reversal of impairment provisions, resulting frommoney returned by private equity funds; O €12,840 thousand of interest expenses.

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FFP

2017 REGISTRATION DOCUMENT