GROUPAMA / 2019 Universal Registration Document

6 EARNINGS AND FINANCIAL POSITION Management report of the Board of Directors

Standard template of tables used to present information on payment terms of suppliers and ı customers mentioned in Article D. 441-4 of the French commercial code Invoices received and issued but not yet paid as of the closing date of the fiscal year and in arrears (table provided for in Article D.441-4(I) of the French commercial code)

Article D. 441 I.- 1° of the Frenchcommercial code: Invoicesreceived and unpaid as of the end of the fiscalyear and in arrears

Article D. 441 I.- 2° of the Frenchcommercial code: Invoicesissued and not yet paid as of the end of the fiscalyear and in arrears

91 or more days

Total (1 or more days)

91 or more days

Total (1 or more days)

0 days (indicative)

1 to 30 days

31 to 60 days

61 to 90 days

0 days (indicative)

1 to 30 days

31 to 60 days

61 to 90 days

(A) Paymentarrears range Numberof invoices concerned Total amount of invoices concerned (specify excl. or incl. tax) Percentageof total purchasesfor the fiscal year (specify excl. or incl. tax)

8,313

123,238,518.10 Incl. tax

0.00 Incl. tax

0.00

100% TTC

0% TTC

0% TTC

0% 0% 0% TTC

Percentageof revenue for the fiscal year (specify excl. or incl. tax) (B) Invoicesexcludedfrom (A) relating to disputedand unrecordedpayablesand receivables Numberof invoices excluded Total amount of invoices excluded (specify excl. or incl. tax) (C) Standard payment terms used (contractual or legal payment terms – Article L. 441-6 or Article L. 443-1 of the French commercialcode) Paymentterms used to calculatepaymentarrears Statutoryterms: 60 daysfrom the invoice date - Contractualterms (specify) - Legal terms (specify)

6.1.9

OUTLOOK

Groupamais confidentin its ability to continue its profitablegrowth trajectory, which has made it possible to focus its strategy on the strength of mutual insurance. All of Groupama’s forces (elected representativesand employees) are now constructingtheir action and investments to be able to offer its members and customers innovative products and a quality service in keeping with its purpose. “We are here to allow as many people as possible build their livesconfidently.” Groupama’s ambition is to become a centre for consolidationof mutual insurance in France

Faced with an unstable macroeconomic environment (trade tensions between the United States and China, geopolitical tensions in the Middle East and Iran, etc.), Groupama has a risk-managementsystem that would allow it to cope in the event of an adverse situation. Its financial resources and flexibility are suitable.

131 Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES