PSA - 2019 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS AT 31 DECEMBER 2019 Notes to the Consolidated Financial Statements at 31 December 2019

SEGMENT INFORMATION

NOTE 4

In accordance with IFRS 8 – Operating Segments , segment information is presentedin linewiththe indicatorsusedinternallyby managementto measurethe performanceof the Group’sdifferent businesssegmentsand allocatefinancialresourcesbetweenthem. The Group’smain performance indicatoron the businesssegments is the adjustedoperating income. The Group’s operations are managed and reported in the management reporting around three mainsegments: The Automotivesegment, consisting of the historical Peugeot n CitroënDS businesssegmentand of the Opel Vauxhallbusiness segmentthat is still in a process of full integrationin terms of manufacturingcapacity and commercial distribution with the PeugeotCitroënbusinesssegment. The Automotive Equipment segment, corresponding to the n Faurecia Group comprising: The Interiorsbusiness; n The Seatingbusiness (vehicle seats); n The Clean Mobility business and (exhaust systems’ n technology); The Clarion Electronics business (cockpit electronics and n low-speedADAS). Faureciais listedon Euronext.At 31 December2019,PeugeotS.A. holds46.34%of Faurecia’scapitaland 62.99%of its votingrights whichgive exclusivecontrolby the Group.The exerciseof all the dilutiveinstrumentsissuedby Faureciawouldhave no impacton the Group’sexclusivecontrol; The Financesegment,corresponding to the BanquePSAFinance n group,whichprovidesexclusivelyretailfinancingto customersof the Peugeot, Citroën, DS, Opel and Vauxhall brands as well as wholesalefinancingto the brands’dealernetworks.BanquePSA Finance is classifiedas a financial institution.This mainly stems

from the partnerships between Banque PSA Finance and SantanderConsumerFinance for the Peugeot, Citroën and DS brandsas well as fromthe partnershipswith BNPParibasfor the OpelandVauxhallbrands. The Group’s other activitiesare housed under “Other businesses”, which mainly includesthe PeugeotS.A. holdingcompanyand the 25% retained interests inGEFCO. BUSINESS SEGMENTS 4.1. The columnsfor each businesssegmentshown in the table below are on a stand-alone basis. Faurecia and Banque PSA Finance publishconsolidatedfinancialstatements,and segmentinformation for thesetwobusinesses is thereforepresenteddownto the levelof net profit(loss).Fortheother segments, as cashpositions and taxes are managedjointly in some countries,only the adjustedoperating incomeand sharein net earningsof equitymethodinvestmentsare presented bysegment. All intersegmenttransactionsare eliminatedand, for the purposes of reconciliationwith the Group’s financial statements,are shown under the heading “Eliminationsand unallocated” together with unallocated amounts. All intersegmentcommercial transactionsare carried out on an arm’s lengthbasis. The 100%columnunderFinancecompaniesrepresentsthe data on full consolidationof the companiesin partnershipwith Santander and BNP Paribas. This column coupled with the “Reconciliation” column make it possible to piece together the consolidated contributionof financecompanies,with the sharein net earningsof equitymethodinvestmentsin partnershipwith Santanderand BNP Paribas.

2019

Automotive

Finance companies

Peugeot Citroën DS (1)

Eliminations and unallocated

Opel Vauxhall (1)

Automotive Equipment

Other Businesses

Reconci- liation

100%

Total

(in million euros)

Revenue third parties >

43,558 15,384 15,738 2,538 1,984 2,030 46,096 17,368 17,768

3 1,920 (1,872) 173 243 (232) 176 2,163 (2,104) 36 1,012 (987)

- 74,731

intragroup, intersegment >

(6,736)

-

Total

(6,736) 74,731

Adjusted operating income (loss)

3,923

1,121

1,227 (194)

(8) 6,324

Restructuring costs Impairment of CGUs

(3)

3

(1,337) (1,531) (283) (283) 178 158 3,631 4,668 (128) (344)

-

-

-

Other operating income (expense)

(19)

(18)

17

Operating income (loss)

1,013 (219) (167)

991 (967)

Net financial income (expense)

3

-

Income taxes expense

(255)

254

(548)

(716)

Share in net earnings of equity method investments Consolidated profit (loss) from continuing operations CONSOLIDATED PROFIT (LOSS) FOR THE PERIOD Attributable to Owners of the parent Attributable to Non controlling interests Capital expenditure (excluding sales with a buyback commitment)

(456)

-

38

22

16 356

-

(24)

665

755 (357)

3,584

665 272 393

755 (357)

3,584 3,201

398

-

357 (358)

383

3,012

506

1,367

-

48 (22)

-

4,911

Depreciation provision - (3,388) The figures of theses columns are dispalyed before elimination of the inter-company operations between PCD and OV segments. (1) (2,058) (133) (1,177) (6) (36) 22

184

PSA - GROUPE PSA - 2019 UNIVERSAL REGISTRATION DOCUMENT