NEOPOST - 2018 Registration document

6

Financial statements

Consolidated financial statements

11-2-4:

Breakdown by currency

31 January 2019

31 January 2018

Euros (EUR)

594.3

623.8

United States dollars (USD)

251.4

234.9

Other currencies

17.7

9.1

TOTAL

863.4

867.8

The table above is based on exchange rates as at 31 January for each year.

Breakdown by maturity 11-2-5: Debts are positioned according to their contractual maturity date. The table below is based on constant exchange rates.

31 January 2019

31 January 2018

2018

-

22.0

2019

189.7

176.2

2020

80.8

74.6

2021

367.6

386.4

2022

132.9

124.8

2023

92.4

83.8

TOTAL

863.4

867.8

Breakdown by interest rate 11-2-6: As part of its financial policy, Neopost actively hedges its floating-rate and fixed-rate debt.

Type of interest rate

31 January 2019 Total effective rate *

Reference rate Drawdown rate

Bonds issue – Neopost S.A. 3.50%

Fixed

3.50

-

3.5899

Bonds issue – Neopost S.A. 2.50%

Fixed

2.50

-

2.5830

United States private placement

Fixed Between 3.89 and 4.50 depending on maturity

- Between 4.03 and 4.63 depending on maturity

Variable LIBOR USD 3 months

2.73613

4.0328

Schuldschein – Neopost S.A. EUR 61.5 million

Fixed

Between 1.10 and 1.833 depending on maturity

-

Between 1.2181 and 1.9208 depending on maturity

Schuldschein – Neopost S.A. EUR 14.5 million

Variable

EURIBOR 6 months

1.1000

1.3296

Schuldschein – Neopost S.A. EUR 45.0 million

Variable

EURIBOR 6 months

1.4000

1.7471

Schuldschein – Neopost S.A. EUR 14.0 million

Variable

EURIBOR 6 months

1.5500

1.9995

Schuldschein – Neopost S.A. USD 7.5 million

Fixed

4.056

-

4.1439

Schuldschein – Neopost S.A. USD 30.0 million

Variable LIBOR USD 3 months

4.4000

4.0399

Schuldschein – Neopost S.A. USD 33.0 million

Variable LIBOR USD 3 months

4.7000

4.2811

Schuldschein – Neopost S.A. USD 16.0 million

Variable LIBOR USD 3 months

4.6100

4.9579

Revolving credit facility

Variable

LIBOR USD/EUR 1 month

-

0.9137

The total effective rate for the transaction is calculated on completion and includes costs relating to the transaction. *

156

REGISTRATION DOCUMENT 2018 / NEOPOST