Plastic Omnium // 2021 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS 2021 Consolidated financial statements at December 31, 2021

On the basis of the tests carried out in 2020 and 2021, the impairment recognized over the two fiscal years is as follows:

2020

2021

Change over the second-half December, 31

Change over the second-half December, 31

Change over the first-half

June 30

June 30

In millions of euros

Industrial assets

176.6

(6.0)

170.6

(0.3)

170.3

(2.5)

167.8

Project assets

53.1

3.1

56.2

(3.9)

52.3

2.3

54.6

Customer contracts

32.0

(8.6)

23.4

0.0

23.4

0.0

23.4

TOTAL

261.7

(11.5)

250.2

(4.2)

246.0

(0.2)

245.8

In accordance with the Group’s accounting principles, changes in impairment of property, plant and equipment and intangible assets are recognized under “Other operating expenses” (see Note 4.6). Sensitivity of goodwill tests Sensitivity tests were performed on the discount rate, long-term growth and Operating Margin rate assumptions used in determining the terminal value. The conclusion of these tests is that a 0.5% increase in the discount rate, a decrease in the long-term growth rate or a 1 point decrease in the CGU margin rate would not call into question the conclusion of the tests. Likewise, a one-year lag in the strategic plan assuming that 2022 would be similar to 2021 would not call into question the conclusion of the tests. Sensitivity of tests on property, plant and equipment and intangible assets As in 2020, the Operating Margin was retained as a key assumption because it reflects the impact of the following two effects: the change in revenue, in particular the impact of a drop in revenue ● that would not be offset by a reduction in costs; and/or a difference in the expected profitability of plants. ●

A +/-10% change in the operating margin used over the term of the plan (2022-2026) and in the determination of the terminal value would have the following consequences: a -/+€7.4 million change in impairment recognized on assets in ● Germany; a -/+€2.3 million change in impairment recognized on assets in the US. ● 2.1.4 The Group’s tax position has been analyzed taking into account the estimated effects of the shortage of semiconductors and components, the continuation of the Covid-19 health crisis and the latest income forecasts, in line with the assumptions used in assessing other assets. In accordance with the Group’s accounting principles, tax credits and deferred tax assets on tax loss carryforwards and temporary differences are only recognized when the probability of their utilization within a relatively short period of time is proven. The impacts on inventories of deferred tax assets over the last two fiscal years are as follows: a net impairment of -€22.4 million for the 2021 fiscal year; and ● a net impairment of -€79.1 million, for the 2020 fiscal year. ● Impacts over fiscal year 2021 are explained in Note 4.8 “Income tax”. Deferred tax assets

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PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2021