PSA - 2019 Universal Registration Document

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

Effect of Faurecia dilution on consolidated earnings - attributableto the Owners of theparent (3)

2019

2018

2017

(in million euros)

Consolidated profit (loss) from continuing operations - attributable to the Owners of the parent Dilutive effect of Faurecia (performance share grants)

3,201

2,827

1,924

(1)

-

-

CONSOLIDATED PROFIT (LOSS) FROM CONTINUING OPERATIONS (AFTER FAURECIA DILUTION EFFECT) Diluted earnings of continuing operations - attributable to the Owners of the parent per €1 par value share (in euros)

3,200

2,827

1,924

3.40

3.01

2.04

The performanceshare grants of Faureciahave a potentialimpact Consequently,they have a potentialdilutiveeffect on consolidated on the total number of Faurecia shares outstanding without profitattributableto the PSAGroup. affecting the number of shares held by the PSA Group. Due to their terms, the Faureciaperformanceshare plans do not haveany material dilutive impact in 2017,2018,nor in2019.

NOTES TO THE CONSOLIDATED STATEMENTS OF CASH FLOWS NOTE 16

The statementof cash flows is partitionedinto cash flows from operatingactivities,cash flows from investingactivitiesand cash flows from financing activities dependingon the nature of the transactions. The Group’smain choices as regards presentation were asfollows: Interest flows are including in cash flows from financing n activities; Paymentsreceivedin connectionwith grantswereallocatedby n function to cash flows from investingactivities or cash flows fromoperating activities depending on the nature of the grant;

The conversionoptions of convertiblebonds (involvingboth n optionaland mandatoryconversion)are presentedon a capital increase lineundercash flowsfromfinancing activities; Voluntarycontributionspaid into pensionfunds are recognised n undercash flowsfromoperating activities; Payments made on the deferred portion of a fixed asset n purchase are presented under cash flows from investing activitiesfor the period (“Changein amountspayableon fixed assets”); Tax paymentsare classifiedunder cash flows from operating n activities; Bonds’ redemptions are classified under cash flows from n financing activities.

ANALYSIS OF NET CASHAND CASH EQUIVALENT REPORTED IN THE STATEMENTS 16.1. OF CASH FLOWS

Notes 31 December 2019 31 December 2018 31 December 2017

(in million euros)

Cash and cash equivalents

12.4.B

17,379

14,961

11,582

Payments issued

(26)

(23)

(93)

Other

1

3

2

Net cash and cash equivalents - manufacturing and sales companies

17,354

14,941

11,491

Cash and cash equivalents

13.2.C

454 (3) 451

466

320 (6) 314 (8)

Other

(4)

Net cash and cash equivalents - finance companies

462

Elimination of intragroup transactions

-

(1)

TOTAL

17,805

15,402

11,797

248

PSA - GROUPE PSA - 2019 UNIVERSAL REGISTRATION DOCUMENT