PSA - 2019 Universal Registration Document

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

Finance lease liabilities D. The finance lease liabilitiescanbe analysedas followsbymaturity:

31/12/2019

(in million euros)

2020 2021 2022 2023 2024 2025

322 266 215 183 144

141

Subsequent years

443

TOTAL FINANCE LEASE LIABILITIES

1,714

Financing by the assignment of receivables E. The Automotivesectors and Faureciameet part of their financing needsby sellingreceivablesto financialinstitutions.The financingof receivables in the Peugeot Citroën DS and Opel Vauxhall Automotive sectors’ dealer networks by financing companies in partnershipwith Santanderand BNP Paribastotalled€8,383 million (€7,748 million at 31 December 2018 and €6,982 million at 31 December 2017).

The sold receivablesare derecognisedwhen they meet the criteria specified inNote 6.2. Other financing throughthe sale ofreceivables isas follows:

31 December 2019

31 December 2018

31 December 2017

Total receivables sold to non-Group financial institutions

Total receivables sold to non-Group financial institutions

Total receivables sold to non-Group financial institutions

Portion sold but not derecognised

Portion sold but not derecognised

Portion sold but not derecognised

(in million euros)

Portion financed by third party financial institution (1)

3,284

213

3,174

239

3,094

456

of which Faurecia Group >

792

89

825

69

833

68

The financed portion of the receivables corresponds to the portion that gives rise to a cash inflow. (1)

Faurecia soldandderecognised its Frenchresearchtax credits ( The saleof receivables constitutes usual short-term financing.

créditd’impôtrecherche – CIR)for an amountof €72 millions.

UNDRAWN SYNDICATED LINES OF CREDIT F. TheGroup’smanufacturing andsalescompanieshavethe followingadditionalborrowingcapacityunderrevolvinglinesof creditexpiringat various dates throughto 2024:

31/12/2019

31/12/2018

31/12/2017

(in million euros)

Peugeot S.A. and GIE PSA Trésorerie

3,000 1,200 4,200

3,000 1,950 4,950

3,000 1,200 4,200

Faurecia

UNDRAWN CONFIRMED LINES OF CREDIT

Following the exercise of the first option of extension of the syndicatedcredit line of PeugeotS.A. and the GIE PSA Trésorerie, which, of a total amountof €3,000 million, is due in May 2023for €190 million,and May 2024 for an amount of €2,810 million.The Group has a second option of extension for one year (from

Faurecia’sadditionalborrowingcapacity,independentfrom that of PeugeotS.A., results from a syndicatedline of credit arrangedon 15 December2014. It comprises only one €1,200 milliontranche expiringin December 2019.Followingthe signingof an amendment on 15 June2018,thematurityof the linewas extendedto June 2023 withtwooptionalone-yearextensions.Followingthe exerciseof the first extensionoption in June 2019,the maturityof this credit has been extended to June 2024. Thiscredit facilitywas undrawnat the period-end.

May 2024 toMay 2025), subject to banksapproval. Thiscredit facilitywas undrawnat the period-end.

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PSA - GROUPE PSA - 2019 UNIVERSAL REGISTRATION DOCUMENT