HERMÈS - 2020 Universal registration document

6

PARENT COMPANY FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS

Nominal amounts of derivatives used to hedge foreign exchange risk

Market value of contracts as at 31/12/2019 1

Nominal amounts of derivatives

In millions of euros

Options purchased US dollar puts US dollar collars Singapore dollar puts Singapore dollar collars Japanese yen puts Japanese yen collars Chinese yuan puts Chinese yuan collars Hong Kong dollar puts Hong Kong dollar collars

50.7

50.7

1.3 4.5 0.7 1.6 0.6 2.7 0.9 4.2 0.7 2.3 3.5 2.3 1.4 5.1 2.8

279.0

279.0

46.8

46.8

232.1

232.1

32.1

32.1

236.8

236.8

20.0

20.0

220.4

220.4

32.6

32.6

177.8

177.8

1,328.3

1,328.3

19.5

Forward currency agreements 2 US dollar

(212.2) (189.1) (146.2) (171.8) (137.3)

(212.2) (189.1) (146.2) (171.8) (137.3)

Japanese yen Chinese yuan Singapore dollar Hong Kong dollar Other currencies

32.7

32.7

(1.0) 14.1

(823.9)

(823.9)

Currency swaps 2 Australian dollar

60.0

60.7

(1.0) (0.2)

US dollar

(49.1)

(62.4)

Chinese yuan Japanese yen Singapore dollar Hong Kong dollar Other currencies

9.7 2.4 1.6 0.8

10.3

0.0 0.0

0.9 1.6 0.8

(0.0)

0.0

(11.0)

(14.4)

(0.1) (1.3) 32.3

14.4

(2.5)

TOTAL

518.8

501.9

Gain/(Loss). (1) (Purchase)/Sale. (2)

FINANCIAL COMMITMENTS

NOTE 19

31/12/2020

31/12/2019

In millions of euros

Bank guarantees given 1

2.1

1.9

Irrevocable commitments to purchase financial assets

21.5

22.5

Other commitments 2

182.8 206.4

161.2 185.6

TOTAL

The guarantees subscribed on behalf of the subsidiaries are the subject of commissions that are re-invoiced to them. (1) The other commitments concern real estate leases signed or guaranteed by Hermès International. (2)

Moreover, two sureties have been granted to the HSBC and BNP Paribas banks for a maximum amount of €75 million and €100 million to give subsidiaries designated by Hermès International access to an aggregate group banking facility. The amounts drawn by the subsidiaries are re-invoiced on the basis of market conditions.

As at 31 December 2020, the amounts drawn on these credit facilities amounted to €18 million and €49 million, respectively.

418 2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL