PSA - 2019 Universal Registration Document

ANALYSIS OF THE BUSINESS AND GROUP OPERATING RESULTS IN 2019 AND OUTLOOK Financial position and cash

New vehicle inventory levels for the Groupandthe independentdealernetwork:

31 December 2019 31 December 2018

(in thousands of new vehicles)

Group

112

164 516

Independent dealer network*

494 606

TOTAL

680

Including importers. *

Excluding free cash flow, the changes in net financial position to thedebtsituationof Clarionfollowing its acquisitionbyFaurecia for represented€(2,431) million.These are mainly related to dividends €(240) million, to the new leasing debt under IFRS 16 for paidto Groupshareholders in the amountof €(697) million as wellas €(420) million and finally to DFG share repurchase debt for thedividendspaidto Faureciaminorityshareholders for€(133) million, €(667) million.

Liquidity and funding of finance companies 4.2.3.

The liquidity and funding of finance companies are discussed in Notes 13.4 and 13.5 to the ConsolidatedFinancial Statements at 31 December 2019.

Provisions for warranties 4.2.4.

Please refer toNote 10to theConsolidated Financial Statements at 31 December 2019.

Pensions and other post-employment benefits 4.2.5.

Please refer toNote 7.1 tothe Consolidated Financial Statements at 31 December 2019.

Information concerning any restrictions 4.2.6. on the use of shareholders’ equity having a significant influence on or likely to significantly influence Company transactions

Please refer toNote 15.1to theConsolidated Financial Statementsat 31 December 2019.

Information regarding the anticipated sources of funds 4.2.7. needed to fulfil certain commitments

Please refer toSection 4.2.4 above.

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GROUPE PSA - 2019 UNIVERSAL REGISTRATION DOCUMENT