PERNOD-RICARD - URD 2020-21

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____ 6. CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

The analysis of the change in net financial debt based on the changes in cash and non-cash is described below:

Changes in cash flows

Changes in cash flows with no cash impact

Total cash

Translation adjustments

Change in fair value

Other items

30.06.2020

flow Scope

30.06.2021

€ million

Bonds

9,322

(258)

-

(223)

16

-

8,857

Syndicated loan

-

-

-

-

-

-

-

Commercial paper

299

(292)

-

-

-

-

7

Other loans and financial debts

273

(41)

-

(10)

-

-

222

GROSS FINANCIAL DEBT

9,894

(591)

-

(233)

16

-

9,086

Fair value hedge derivatives instruments – assets

(44)

-

-

-

22

-

(22)

Fair value hedge derivatives

(44)

-

-

-

22

-

(22)

Economic net investment hedge derivatives – assets

(13)

-

-

(29)

-

-

(43)

Economic net investment hedge derivatives

(13)

-

-

(29)

-

-

(43)

FINANCIAL DEBT AFTER HEDGING

9,837

(591)

-

(262)

38

-

9,022

Cash and cash equivalents

(1,935)

(154)

-

11

-

-

(2,078)

Net financial debt excluding lease liabilities

7,902

(745)

-

(251)

38

-

6,944

Lease liability

522

(97)

-

2

-

81

508

NET FINANCIAL DEBT

8,424

(842)

-

(249)

38

81

7,452

Breakdown of debt excluding lease liabilities by currency before and after foreign exchange 2. hedging instruments at 30 June 2020 and 30 June 2021

Gross financial debt

Net debt after hedging

% Net debt after hedging

30.06.2020 € million

Amount hedged

Debt after hedging

% debt after hedging

Cash

EUR

5,635

(515)

5,120

(1,322)

3,797

52%

48%

USD

4,214

621

4,835

(60)

4,774

49%

60%

GBP

-

(96)

(96)

(37)

(134)

-1%

-2%

SEK

3

(124)

(122)

(31)

(152)

-1%

-2%

Other currencies

42

58

101

(485)

(384)

1%

-5%

FINANCIAL DEBT BY CURRENCY

9,894

(57)

9,837

(1,935)

7,902

100% 100%

Gross financial debt

Net debt after hedging

% Net debt after hedging

Amount hedged

Debt after hedging

% debt after hedging

30.06.2021 € million

Cash

EUR

5,350

135

5,484

(1,273)

4,211

61%

61%

USD

3,677

(119)

3,558

(36)

3,522

39%

51%

GBP

-

12

12

(30)

(18)

0%

0%

SEK

2

(72)

(70)

(38)

(108)

-1%

-2%

Other currencies

57

(19)

37

(700)

(663)

0%

-10%

FINANCIAL DEBT BY CURRENCY

9,086

(64)

9,022

(2,078)

6,944

100% 100%

218

PERNOD RICARD UNIVERSAL REGISTRATION DOCUMENT 2020-2021

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