PSA - 2019 Universal Registration Document

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

Adjustedoperatingincome(loss) is the measureused by the chief operatingdecisionmakerto assessperformance,allocateresources to the Group’s operatingsegmentsand to view operatingtrends, perform analytical comparisons and benchmark performance between periods and among the segments. Adjusted operating income(loss) excludesfromOperatingincomecertainadjustments comprisingRestructuringcosts, Impairment of CGU’s and Other operatingincome(expense)consideredrare or discreteeventsand are infrequent in nature.

In 2019,on a fully consolidatedbasis,BanquePSAFinance(Finance Companies segment) generated net banking revenue of €1,744 million.Net provision expense (cost of risk) amounted to €82 million. In 2019, Banque PSA Finance (Finance Companies segment) reportednet bankingrevenueof €50 million.Net provisionexpense (costof risk) amounted to €1 million.

2018

Automotive

Finance companies

Peugeot Citroën DS (1)

Opel Vauxhall (1)

Eliminations and unallocated

Automotive Equipment

Other Businesses

Reconci- liation

100%

Total

(in million euros)

Revenue third parties >

41,638 16,913 1,389 1,393

15,418 2,107

3 1,807 (1,752) 145 182 (166) 148 1,989 (1,918)

- 74,027

intragroup, intersegment >

(5,050)

-

Total

43,027 18,306 17,525

(5,050) 74,027 (8) 5,689 (947) (1,051) (277) (299)

Adjusted operating income (loss)

3,617

859

1,263 (104) (21) (23) 1,115 (163) (190)

(19)

939 (962)

Restructuring costs Impairment of CGUs

(4)

4

(1)

-

Other operating income (expense)

(7)

7

84

61

Operating income (loss)

927 (951) 24 (14)

3,309 4,400 (293) (446)

Net financial income (expense)

Income taxes expense

(290)

288

(423)

(615)

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)

(448)

-

31

13

13 347

-

(44)

793

674 (330)

3,295

793 324 469

674 (330)

3,295 2,827

336

10

338 (340)

468

2,746

541

1,269 (879)

- -

40 (23)

- 4,573

Depreciation provision - (2,815) The figures of theses columns are dispalyed before elimination of the inter-company operations between PCD and OV segments. (1) (1,832) (90) (33) 19

In 2018, on a fully consolidatedbasis,BanquePSA Finance(FinanceCompaniessegment)generatednet bankingrevenueof €1,611 million. Net provision expense (costof risk) amounted to €38 million. In 2018,BanquePSAFinance (Finance Companies segment) reported net banking revenue of €2 million.

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PSA - GROUPE PSA - 2019 UNIVERSAL REGISTRATION DOCUMENT