PERNOD-RICARD - URD 2021-22 EN

6. Annual consolidated financial statements Notes to the consolidated financial statements

Breakdown of debt excluding lease liabilities by currency before and after foreign exchange hedging 2. instruments at 30 June 2021 and 30 June 2022

Gross financial debt

Net debt after hedging

% debt after hedging

% net debt after hedging

Amount hedged

Debt after hedging

30.06.2021 € million

Cash

EUR USD GBP

5,350 3,677

135

5,484 3,558

(1,273)

4,211

61%

61% 51%

(119)

(36) (30) (38)

3,522

39%

-

12

12

(18)

0% -1% 0%

0%

SEK

2

(72) (19)

(70)

(108) (663)

-2%

Other currencies

57

37

(700)

-10%

Financial debt by currency

9,086

(64)

9,022

(2,078)

6,944

100% 100%

Gross financial debt

Net debt after hedging

% debt after hedging

% net debt after hedging

Amount hedged

Debt after hedging

30.06.2022 € million

Cash

EUR USD GBP

6,297 4,236

410

6,708 4,140

(1,627)

5,081 4,013

63% 39%

62% 49%

(96)

(128) (46) (55) (671)

43

32

75

29

1%

0% -1%

SEK

1

(64)

(63)

(118)

-1%

Other currencies

86

(268)

(182)

(854)

-2%

-10%

Financial debt by currency

10,664

13

10,677

(2,527)

8,150

100% 100%

Breakdown of fixed-rate/floating rate debt (excluding lease liabilities) before and after interest rate 3. hedging instruments at 30 June 2021 and 30 June 2022

30.06.2022

30.06.2021

Debt before hedging

Debt after hedging

Debt before hedging

Debt after hedging

€ million

Fixed-rate debt

8,975

99% 8,302

92% 10,398

97% 9,628

90%

Capped floating-rate debt

-

-

-

-

-

-

-

-

Floating-rate debt

47

1% 720

8% 278

3% 1,049

10%

Financial debt after hedging by type of rate

9,022 100% 9,022 100% 10,677 100% 10,677 100%

At 30 June 2022, before taking account of any hedges, the Group’s gross debt was 97% fixed rate and 3% floating rate. After hedging, the floating-rate part was 10%.

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Pernod Ricard Universal Registration Document 2021-2022