Plastic Omnium // 2021 Universal Registration Document

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

ANALYSIS OF GROSS FINANCIAL DEBT BY CURRENCY 5.2.6.8 The table below shows the gross financial debt after taking into account the swap transactions that allowed the conversion from euros into foreign currency.

December 31, 2021

December 31, 2020

As a% of financial debt

Euro

58%

48%

US dollar

29%

39%

Chinese yuan

7%

7%

Pound sterling

2%

2%

Japanese yen

1%

-

Brazilian real

1%

1%

Indian rupee

1%

1%

Polish zloty

-

1%

Other currencies (1)

1%

1%

TOTAL

100%

100%

“Other currencies” concerns various currencies, which taken individually account for less than 1% of total financial debt over the two periods. (1)

5.2.6.9

ANALYSIS OF GROSS FINANCIAL DEBT BY TYPE OF INTEREST RATE

December 31, 2021

December 31, 2020

As a% of financial debt

Hedged variable rates

-

-

Unhedged variable rates

27%

19%

Fixed rates

73%

81%

TOTAL

100%

100%

Interest rate and currency hedges 5.2.7 The Group does not have any interest rate contracts.

December 31, 2021

December 31, 2020

Assets

Liabilities

Assets

Liabilities

In thousands of euros

Exchange rate derivatives

91

(1,434)

7,625

(116)

TOTAL BALANCE SHEET

91

(1,434)

7,625

(116)

CURRENCY HEDGES 5.2.7.1 The Group uses derivatives to hedge its exposure to currency risk. The Group has chosen a hedging policy to cover the highly probable future transactions in its entities’ foreign currencies. Hedging instruments implemented in this respect are forward purchases of foreign currencies. The Group has applied to these instruments the accounting treatment of cash-flow hedges as planned by the applicable IFRS: instruments are measured at fair value and changes in value are recognized in equity for

the effective portion. These amounts recognized in equity are reported in profit or loss when the hedged forecast cash-flows affect income. At December 31, 2021, the fair value of the instruments subscribed and thus recognized was -€1,342 thousand, including -€323 thousand recognized in equity. Changes in the fair value of currency hedging instruments are recognized in net financial income.

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PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2021