PERNOD-RICARD - URD 2020-21

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

Breakdown of fixed-rate/floating rate debt (excluding lease liabilities) before and after interest 3. rate hedging instruments at 30 June 2020 and 30 June 2021

30.06.2020 30.06.2021 Debt before hedging Debt after hedging Debt before hedging Debt after hedging

€ million

Fixed-rate debt

9,146

93% 8,431

86% 8,975

99% 8,302

92%

Capped floating-rate debt

-

-

-

-

-

-

-

-

Floating-rate debt

691

7% 1,406

14%

47

1% 720

8%

FINANCIAL DEBT AFTER HEDGING BY TYPE OF RATE

9,837

100% 9,837

100% 9,022 100% 9,022 100%

At 30 June 2021, before taking account of any hedges, the Group’s gross debt was 99% fixed rate and 1% floating rate. After hedging, the floating-rate part was 8%.

Schedule of financial liabilities at 30 June 2021 4. The following table shows the maturity of future financial liability-related cash flows (nominal and interest). Floating-rate interest flows have been estimated on the basis of rates at 30 June 2020 and 30 June 2021.

Balance sheet value

30.06.2020 € million

Contractual

6 to 12 months

1 to 2 years

2 to 3 years

3 to 4 years

4 to 5 years > 5 years

flows < 6 months

Nominal value

-

(9,804)

(336)

(673)

(1,378)

(753)

(1,038)

(1,688)

(3,939)

Interest

-

(1,740)

(119)

(127)

(217)

(142)

(127)

(118)

(862)

GROSS FINANCIAL DEBT

(9,894)

(11,544)

(455)

(799)

(1,595)

(895)

(1,165)

(1,806)

(4,801)

LEASE LIABILITY

(522)

(599)

(40)

(49)

(97)

(75)

(56)

(49)

(233)

Cross currency swaps

-

-

-

-

-

-

-

-

-

Flows payable

-

-

-

-

-

-

-

-

-

Flows receivable

-

-

-

-

-

-

-

-

-

Derivative instruments – liabilities

(24)

(25)

(23)

(2)

-

-

-

-

-

DERIVATIVE INSTRUMENTS LIABILITIES (24)

(25)

(23)

(2)

-

-

-

-

-

TOTAL FINANCIAL LIABILITIES

(10,440)

(12,169)

(518)

(851)

(1,692)

(970)

(1,221)

(1,854) (5,034)

Balance sheet value

Contractual

6 to 12 months

1 to 2 years

2 to 3 years

3 to 4 years

4 to 5 years > 5 years

30.06.2021 € million

flows < 6 months

Nominal value

(9,061)

(63)

(60)

(690)

(1,017)

(1,667)

(1,122)

(4,442)

Interest

(1,856)

(87)

(95)

(168)

(154)

(144)

(119)

(1,088)

GROSS FINANCIAL DEBT (9,086)

(10,917)

(151)

(155)

(858)

(1,171)

(1,811)

(1,241)

(5,531)

LEASE LIABILITY

(508)

(572)

(42)

(69)

(90)

(66)

(56)

(47)

(202)

Cross currency swaps

-

Flows payable

-

-

-

-

-

-

-

-

Flows receivable

-

-

-

-

-

-

-

-

Derivative instruments – liabilities DERIVATIVE INSTRUMENTS LIABILITIES

(6)

(6)

(6)

-

-

-

-

-

-

(6)

(6)

(6)

-

-

-

-

-

-

TOTAL FINANCIAL LIABILITIES

(9,600)

(11,495)

(199)

(224)

(948)

(1,236)

(1,867)

(1,288)

(5,733)

Credit lines 5. At 30 June 2021, credit lines mainly comprised the multi-currency syndicated loan of €2,500 million and a €600 million bilateral line. No drawdowns have been made from these credit lines.

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PERNOD RICARD UNIVERSAL REGISTRATION DOCUMENT 2020-2021